Graham vs Laureate Education
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The short version
- Graham is the larger business, with $4.9B of revenue in fiscal 2025 against $1.7B for Laureate Education, about 2.9 times as much.
- Laureate Education grew revenue faster (8.6%, against 2.5%).
- Laureate Education kept more of each dollar of sales as operating profit (25.3% operating margin, against 4.8%).
- Laureate Education turned more of its sales into free cash flow (15.5% FCF margin, against 5.6%).
- Laureate Education earned a higher return on the capital invested in it (28.6%, against 3.1%).
| Latest fiscal year | GHC · FY25 | LAUR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.3B | $5.5B |
| Revenue | $4.9B | $1.7B |
| Free cash flow | $275M | $263M |
| Net income | $292M | $282M |
| Growth | ||
| Revenue growth | 2.5% | 8.6% |
| 5-year growth | 11.2% | 10.7% |
| Share count change | −0.7% | −3.4% |
| Profitability | ||
| Gross margin | — | 28.3% |
| Operating margin | 4.8% | 25.3% |
| Net margin | 6.0% | 16.6% |
| FCF margin | 5.6% | 15.5% |
| Return on capital | 3.1% | 28.6% |
| Return on equity | 6.5% | 26.2% |
| Balance sheet | ||
| Net debt | $638M | −$19.0M |
| Net debt / EBITDA | 1.8x | −0.0x |
| Dividends and buybacks | $34.9M | $215M |
| Valuation & quality | ||
| P/E | — | 17.7x |
| Piotroski F-score | 5 | 8 |
Revenue
FY16
GHC $2.5B
LAUR $3.3B
FY17
GHC $2.6B
LAUR $3.3B
FY18
GHC $2.7B
LAUR $1.1B
FY19
GHC $2.9B
LAUR $1.2B
FY20
GHC $2.9B
LAUR $1.0B
FY21
GHC $3.2B
LAUR $1.1B
FY22
GHC $3.9B
LAUR $1.2B
FY23
GHC $4.4B
LAUR $1.5B
FY24
GHC $4.8B
LAUR $1.6B
FY25
GHC $4.9B
LAUR $1.7B
GHC
LAUR
Operating margin
FY16
GHC 9.0%
LAUR 8.8%
FY17
GHC 5.3%
LAUR 7.1%
FY18
GHC 9.1%
LAUR −2.3%
FY19
GHC 4.9%
LAUR 3.0%
FY20
GHC 3.5%
LAUR −32.1%
FY21
GHC 2.4%
LAUR −0.4%
FY22
GHC 2.1%
LAUR 21.7%
FY23
GHC 1.6%
LAUR 22.8%
FY24
GHC 4.5%
LAUR 23.9%
FY25
GHC 4.8%
LAUR 25.3%
GHC
LAUR
Free cash flow
FY16
GHC $195M
LAUR −$48.0M
FY17
GHC $208M
LAUR −$81.9M
FY18
GHC $189M
LAUR $159M
FY19
GHC $71.7M
LAUR $184M
FY20
GHC $141M
LAUR $185M
FY21
GHC $39.9M
LAUR −$207M
FY22
GHC $153M
LAUR $125M
FY23
GHC $166M
LAUR $194M
FY24
GHC $324M
LAUR $161M
FY25
GHC $275M
LAUR $263M
GHC
LAUR
Return on capital
FY16
GHC 6.8%
LAUR —
FY17
GHC 5.2%
LAUR 4.4%
FY18
GHC 6.7%
LAUR −0.5%
FY19
GHC 3.3%
LAUR 0.7%
FY20
GHC 2.0%
LAUR −7.9%
FY21
GHC 1.4%
LAUR −0.2%
FY22
GHC 1.1%
LAUR 14.3%
FY23
GHC 1.1%
LAUR 17.4%
FY24
GHC 3.3%
LAUR 26.8%
FY25
GHC 3.1%
LAUR 28.6%
GHC
LAUR
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.