Perdoceo Education vs Strategic Education
Add, change or remove companies; up to four.
The short version
- Strategic Education is the larger business, with $1.3B of revenue in fiscal 2025 against $846M for Perdoceo Education.
- Perdoceo Education grew revenue faster (24.2%, against 4.0%).
- Perdoceo Education kept more of each dollar of sales as operating profit (23.2% operating margin, against 13.7%).
- Perdoceo Education turned more of its sales into free cash flow (25.6% FCF margin, against 12.1%).
- Investors pay more for each dollar of Strategic Education’s earnings: a P/E of 13.6x against 12.3x for Perdoceo Education.
| Latest fiscal year | PRDO · FY25 | STRA · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.2B | $1.8B |
| Revenue | $846M | $1.3B |
| Free cash flow | $217M | $154M |
| Net income | $160M | $127M |
| Growth | ||
| Revenue growth | 24.2% | 4.0% |
| 5-year growth | 4.2% | 4.3% |
| Share count change | −1.6% | −3.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 23.2% | 13.7% |
| Net margin | 18.9% | 10.0% |
| FCF margin | 25.6% | 12.1% |
| Return on capital | — | 8.4% |
| Return on equity | 16.6% | 7.7% |
| Balance sheet | ||
| Net debt | — | −$148M |
| Net debt / EBITDA | — | −0.7x |
| Dividends and buybacks | $121M | $196M |
| Valuation & quality | ||
| P/E | 12.3x | 13.6x |
| Piotroski F-score | — | 6 |
Revenue
FY16
PRDO $704M
STRA $441M
FY17
PRDO $596M
STRA $455M
FY18
PRDO $581M
STRA $634M
FY19
PRDO $628M
STRA $997M
FY20
PRDO $687M
STRA $1.0B
FY21
PRDO $693M
STRA $1.1B
FY22
PRDO $695M
STRA $1.1B
FY23
PRDO $710M
STRA $1.1B
FY24
PRDO $681M
STRA $1.2B
FY25
PRDO $846M
STRA $1.3B
PRDO
STRA
Operating margin
FY16
PRDO −4.6%
STRA 13.0%
FY17
PRDO 5.7%
STRA 11.5%
FY18
PRDO 12.3%
STRA −3.6%
FY19
PRDO 13.8%
STRA 11.1%
FY20
PRDO 20.8%
STRA 10.6%
FY21
PRDO 21.5%
STRA 6.5%
FY22
PRDO 18.7%
STRA 6.6%
FY23
PRDO 21.2%
STRA 8.4%
FY24
PRDO 25.6%
STRA 12.8%
FY25
PRDO 23.2%
STRA 13.7%
PRDO
STRA
Free cash flow
FY16
PRDO $2.4M
STRA $31.4M
FY17
PRDO −$28.1M
STRA $38.1M
FY18
PRDO $50.3M
STRA $19.3M
FY19
PRDO $67.9M
STRA $163M
FY20
PRDO $170M
STRA $96.1M
FY21
PRDO $181M
STRA $131M
FY22
PRDO $136M
STRA $82.9M
FY23
PRDO $106M
STRA $80.2M
FY24
PRDO $157M
STRA $129M
FY25
PRDO $217M
STRA $154M
PRDO
STRA
Return on capital
FY16
PRDO —
STRA —
FY17
PRDO —
STRA —
FY18
PRDO —
STRA —
FY19
PRDO —
STRA —
FY20
PRDO —
STRA 6.1%
FY21
PRDO —
STRA 3.3%
FY22
PRDO —
STRA 3.1%
FY23
PRDO —
STRA 4.4%
FY24
PRDO —
STRA 7.3%
FY25
PRDO —
STRA 8.4%
PRDO
STRA
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.