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Can you help me list the top 10 largest educational publishers in the world focusing on STEM subjects in terms of revenue, their respective revenue, and what country they are based in?
Hello! Thanks for your question about the top 10 educational publishers worldwide focused on STEM subjects by revenue and where they are based.
The short version is that the top 10 biggest academic publishers focused on STEM subjects are Pearson Education, Wiley, Oxford University Press, Cambridge University Press, McGraw-Hill, Houghton Mifflin, Cengage, Klett, Scholastic, Macmillan Science and Education.
The most useful sources I found to answer your question are corporate websites and BookScouter.
Below you will find a deep dive of my research.
TOP ACADEMIC PUBLISHERS FOCUSED ON STEM SUBJECTS
We found the top educational publishers by revenue based on rankings by BookScouter. However, though we researched each company's financials and annual reports, we did not find any specific segmentation for revenue from STEM products exclusively. Nevertheless, we determined the revenue segment for educational publications whenever possible.
According to BookScouter, the top 5 educational publishers are Cengage Learning, Houghton Mifflin Harcourt, McGraw-Hill Education, Pearson Education, and Scholastic. However, most of these publishers are based in the US. We found that the other major educational publishers by revenue are based in Germany and the UK. Please see below for the complete list.
Pearson is a UK-based educational publisher and the top player in the global industry of academic publishing. According to its financial report in 2015, Pearson had £4.5 billion in revenue though it did not differentiate between STEM and non-STEM products. An example of Pearson's STEM product is its MasteringChemistry collection targeted towards higher education students.
McGraw-Hill is a major educational publishers based in the U.S. In 2016, the company reported a total revenue of $1.76 billion. McGraw-Hill divides its business among Higher Education, K-12, Professional and International academics. McGraw-Hill has a dedicated STEM product development team.
Scholastic is a global children's publishing, education and media company based in the US. In 2016, the company reported revenues of $1.67 billion with education (driven by classroom books and magazines) accounting for $298.1 million of total revenue. Scholastic has STEM publications for teachers and classrooms.
Cengage is US-based educational publisher with academic, school, and skills division. The company reported a total revenue of $1.6 billion in fiscal year 2016 with domestic learning representing 72.6% of total revenue. Cengage offers STEM teaching resources. The company also acquired WebAssign, a homework and assessment app for STEM disciplines.
Houghton Mifflin is another major educational publisher based in the U.S. In 2016, Houghton Mifflin Harcourt reported a total revenue of $1.37 billion, with its educational segment representing $1.2 billion. Houghton Mifflin offers STEM Workshop, ScienceFusion STEM curriculum, and textbooks for STEM.
Klett Gruppe is an educational publisher based in Germany. In 2015, the company reported € 495.1 million in total revenue with 54.9% represented by educational publications. Klett Gruppe's unit Klett Mint focuses on promoting the German version of STEM called MINT - mathematics, informatics, the natural sciences and technology.
Wiley is an educational publisher based in the U.S. According to its 4th quarter and fiscal year 2016 report, the company had a revenue of $434 million. Again, the company does not differentiate between STEM and non-STEM products though it mentions that the education segment of its business had $66.5 million in revenue. Wiley offers STEM to Story, a collection of lesson plans targeted towards Grades 5-8 classes.
Macmillan Publishers Science and Education is the UK-based unit of German publisher Verlagsgruppe Georg von Holtzbrinck, an international publisher. According to Owler, Macmillan Publishers' current estimated revenue is $379.314 million or roughly £294.6 million. Its parent company Holtzbrinck had a revenue of €1.5 billion. In 2012, Macmillan acquired Sapling Learning to streamline its STEM interactive offerings.
Cambridge University Press is based in UK and ranked among the top global publishing leaders in 2016 by Publishers Weekly. CUP reported a revenue of £269 million in 2016. While no segmentation was given for STEM products, the company reported a 5% growth in its educational division. I did not find a lot of CUP publications for STEM. However, only this January 2017 CUP announced its partnership with the Ministry of Education over the Bridge to Success programme, which aims to strengthen student linguistic capabilities particularly for STEM subjects.
Oxford University Press is based in England, UK and is the largest university press in the world. According to its financial report, OUP had a revenue before taxes of £85.3 million in 2016. Oxford University Press segments its STEM offerings into Science & Math textbooks and Engineering & Technology textbooks.
CONCLUSION
To wrap it up, the top 10 biggest academic publishers focused on STEM subjects are Pearson Education, Wiley, Oxford University Press, Cambridge University Press, McGraw-Hill, Houghton Mifflin, Cengage, Klett, Scholastic, Macmillan Science and Education.
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