Grand Canyon Education vs Universal Technical Institute
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The short version
- Grand Canyon Education is the larger business, with $1.1B of revenue in fiscal 2025 against $836M for Universal Technical Institute.
- Universal Technical Institute grew revenue faster (14.1%, against 7.1%).
- Grand Canyon Education kept more of each dollar of sales as operating profit (24.0% operating margin, against 10.0%).
- Grand Canyon Education turned more of its sales into free cash flow (21.6% FCF margin, against 6.6%).
- Grand Canyon Education earned a higher return on the capital invested in it (45.3%, against 24.0%).
- Investors pay more for each dollar of Universal Technical Institute’s earnings: a P/E of 35.8x against 19.8x for Grand Canyon Education.
| Latest fiscal year | LOPE · FY25 | UTI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | $1.2B |
| Revenue | $1.1B | $836M |
| Free cash flow | $239M | $55.4M |
| Net income | $216M | $63.0M |
| Growth | ||
| Revenue growth | 7.1% | 14.1% |
| 5-year growth | 5.6% | 22.7% |
| Share count change | −4.3% | 9.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 24.0% | 10.0% |
| Net margin | 19.5% | 7.5% |
| FCF margin | 21.6% | 6.6% |
| Return on capital | 45.3% | 24.0% |
| Return on equity | 28.2% | 21.4% |
| Balance sheet | ||
| Net debt | −$300M | −$36.5M |
| Net debt / EBITDA | −1.0x | −0.3x |
| Dividends and buybacks | $265M | $0.0M |
| Valuation & quality | ||
| P/E | 19.8x | 35.8x |
| Piotroski F-score | 4 | 6 |
Revenue
FY16
LOPE $873M
UTI $347M
FY17
LOPE $974M
UTI $324M
FY18
LOPE $846M
UTI $317M
FY19
LOPE $779M
UTI $332M
FY20
LOPE $844M
UTI $301M
FY21
LOPE $897M
UTI $335M
FY22
LOPE $911M
UTI $419M
FY23
LOPE $961M
UTI $607M
FY24
LOPE $1.0B
UTI $733M
FY25
LOPE $1.1B
UTI $836M
LOPE
UTI
Operating margin
FY16
LOPE 27.2%
UTI −5.4%
FY17
LOPE 29.0%
UTI −0.6%
FY18
LOPE 30.5%
UTI −11.1%
FY19
LOPE 34.1%
UTI −2.4%
FY20
LOPE 32.9%
UTI −1.3%
FY21
LOPE 31.5%
UTI 4.5%
FY22
LOPE 26.1%
UTI 5.3%
FY23
LOPE 25.9%
UTI 3.5%
FY24
LOPE 26.7%
UTI 8.0%
FY25
LOPE 24.0%
UTI 10.0%
LOPE
UTI
Free cash flow
FY16
LOPE $59.5M
UTI −$0.1M
FY17
LOPE $191M
UTI −$7.0M
FY18
LOPE $105M
UTI −$34.0M
FY19
LOPE $284M
UTI $15.3M
FY20
LOPE $279M
UTI $1.8M
FY21
LOPE $284M
UTI −$6.1M
FY22
LOPE $186M
UTI −$33.4M
FY23
LOPE $199M
UTI −$7.5M
FY24
LOPE $253M
UTI $61.6M
FY25
LOPE $239M
UTI $55.4M
LOPE
UTI
Return on capital
FY16
LOPE 24.5%
UTI —
FY17
LOPE 27.1%
UTI —
FY18
LOPE —
UTI —
FY19
LOPE —
UTI —
FY20
LOPE 14.8%
UTI —
FY21
LOPE 23.6%
UTI 15.5%
FY22
LOPE 40.6%
UTI 14.8%
FY23
LOPE 42.3%
UTI 6.4%
FY24
LOPE 45.9%
UTI 18.7%
FY25
LOPE 45.3%
UTI 24.0%
LOPE
UTI
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.