American Public Education Inc
APEI Nasdaq· Services-Educational Services
Last close · Oct 23, 2026
$48.77
KIRA · Stoqly’s AI analyst, in plain words
- American Public Education Inc had $649M of revenue in fiscal 2025, up 3.9% on the year before. Over five years, revenue changed +15.1% a year on average.
- Its operating margin was 7.4%, up 2.1 pts: of every 100 in sales, about 7 is left after running the business.
- American Public Education Inc made $31.6M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −1.0% a year.
- Free cash flow was $46.1M in fiscal 2025, 7.1% of revenue.
- American Public Education Inc returned $4.3M to shareholders in fiscal 2025, 9% of free cash flow. The diluted share count rose 2.8%.
- American Public Education Inc has $79.2M more cash than debt.
Market cap
$917M
P/E
20.1x
Revenue
$649M
Net income
$31.6M
Free cash flow
$46.1M
Operating margin
7.4%
American Public Education Inc in 30 seconds · fiscal 2025
Are sales growing?
+3.9%
Only a little. Sales grew 3.9% last year.
Does it make a profit?
4.9%
A little. It keeps 4.9% of every sale as profit.
Does profit turn into cash?
7.1%
Partly. 7.1% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
20.1x
One share costs 20.1 times its yearly profit per share.
What American Public Education Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 12, 2026
- Legal name
- AMERICAN PUBLIC EDUCATION INC
- CIK
- 0001201792
American Public Education Inc · APEI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $419M | $606M | $601M | $625M | $649M |
| Revenue growth | 30.1% | 44.8% | −1.0% | 4.0% | 3.9% |
| Gross margin | 58.8% | 52.4% | 51.2% | 52.7% | 54.2% |
| Operating margin | 7.3% | −22.7% | −8.0% | 5.3% | 7.4% |
| Net income | $17.8M | −$115M | −$47.3M | $16.1M | $31.6M |
| Net margin | 4.2% | −19.0% | −7.9% | 2.6% | 4.9% |
| Diluted EPS | $0.97 | −$6.08 | −$2.93 | $0.55 | $1.36 |
| Cash | |||||
| Cash from operations | $16.3M | $29.2M | $45.5M | $48.9M | $62.0M |
| Capital expenditure | $11.8M | $16.4M | $13.9M | $21.1M | $15.9M |
| Free cash flow | $4.4M | $12.8M | $31.6M | $27.8M | $46.1M |
| FCF margin | 1.1% | 2.1% | 5.3% | 4.4% | 7.1% |
| Share buybacks | $3.0M | $1.5M | $10.7M | $4.2M | $4.3M |
| Share count change | 21.3% | 3.6% | −3.8% | −0.2% | 2.8% |
| Debt and strength | |||||
| Cash and short-term investments | $150M | $103M | $117M | $132M | $174M |
| Debt incl. finance leases | $161M | $93.4M | $94.8M | $93.9M | $94.9M |
| Shareholders' equity | $416M | $350M | $292M | $304M | $295M |
| Net debt / EBITDA | 0.2x | — | — | −0.7x | −1.2x |
| Current ratio | 2.4x | 2.6x | 2.9x | 3.3x | 3.5x |
| Interest coverage | — | −35.2x | — | — | — |
| Returns and quality | |||||
| Return on capital | 5.1% | −31.9% | −14.1% | 8.3% | 16.1% |
| Return on equity | 4.9% | −30.1% | −14.7% | 5.4% | 10.5% |
| Return on tangible equity | 20.4% | −63.1% | −26.5% | 4.7% | 12.2% |
| Piotroski F-score | 2 | 5 | 6 | 9 | 7 |
| Altman Z'' | 3.3 | 1.2 | 2.0 | 3.4 | 4.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$22.6M
6 insiders
Of sales under plans
3%
$0.8M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
American Public Education Inc · APEI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $48.77 a share, the company is worth $917M: 20.1 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001201792). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.