LOPE vs MH: Grand Canyon Education and McGraw Hill compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Grand Canyon Education is the larger company, worth $4.2B, about 1.5 times McGraw Hill.
- Grand Canyon Education grew revenue faster over the last year (+6.7% vs +2.6%).
- Grand Canyon Education keeps more of each dollar of revenue as operating profit (24.5% vs 13.9%).
- Grand Canyon Education's price assumes faster free cash flow growth: about 3% a year, against -3% for McGraw Hill (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LOPE | MH |
|---|---|---|
| Market cap | $4.2B | $2.7B |
| Share price | $159.80 | $13.37 |
| Revenue (last fiscal year) | $1.1B | $2.1B |
| Free cash flow (last fiscal year) | $239M | $246M |
| Revenue growth, last year | +6.7% | +2.6% |
| Revenue growth per year, last 5 fiscal years | +5.4% | +3.6% |
| Operating margin | 24.5% | 13.9% |
| Net margin | 19.6% | 4.4% |
| Return on equity | 33.5% | 11.8% |
| P/E (trailing) | 19.9x | — |
| Price / free cash flow | 17.6x | 5.59x |
| EV / EBITDA | 13.0x | 11.3x |
| FCF growth the price implies | 3.3% | -2.9% |
| Dividend yield | — | — |
| Debt / equity | 0.37x | 5.82x |
| Fundamental grade | B | C |
| Superinvestors holding it | 3 | 1 |
| Insider purchases, last 12 months | 0 | 1 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Grand Canyon Education
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $897M | $284M | 31.5% |
| 2022 | $911M | $186M | 26.1% |
| 2023 | $961M | $199M | 25.9% |
| 2024 | $1.0B | $253M | 26.7% |
| 2025 | $1.1B | $239M | 24.0% |
McGraw Hill
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2024 | $2.0B | $154M | 7.9% |
| 2025 | $2.1B | $575M | 14.6% |
| 2026 | $2.1B | $246M | 13.2% |
Where the revenue comes from
Grand Canyon Education
No segment breakdown reported.
McGraw Hill · by segments, 2026
K-12$884M42%
Higher Education$879M42%
International$187M9%
Global Professional$150M7%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open LOPE in InvestinglyQuestions
Which is bigger, Grand Canyon Education or McGraw Hill?
Grand Canyon Education (LOPE), at $4.2B against $2.7B.
Which grows faster, LOPE or MH?
Grand Canyon Education: revenue grew +6.7% over the last year, against +2.6%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.