Grand Canyon Education vs Perdoceo Education
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The short version
- Grand Canyon Education is the larger business, with $1.1B of revenue in fiscal 2025 against $846M for Perdoceo Education.
- Perdoceo Education grew revenue faster (24.2%, against 7.1%).
- Grand Canyon Education kept more of each dollar of sales as operating profit (24.0% operating margin, against 23.2%).
- Perdoceo Education turned more of its sales into free cash flow (25.6% FCF margin, against 21.6%).
- Investors pay more for each dollar of Grand Canyon Education’s earnings: a P/E of 19.8x against 12.3x for Perdoceo Education.
| Latest fiscal year | LOPE · FY25 | PRDO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | $2.2B |
| Revenue | $1.1B | $846M |
| Free cash flow | $239M | $217M |
| Net income | $216M | $160M |
| Growth | ||
| Revenue growth | 7.1% | 24.2% |
| 5-year growth | 5.6% | 4.2% |
| Share count change | −4.3% | −1.6% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 24.0% | 23.2% |
| Net margin | 19.5% | 18.9% |
| FCF margin | 21.6% | 25.6% |
| Return on capital | 45.3% | — |
| Return on equity | 28.2% | 16.6% |
| Balance sheet | ||
| Net debt | −$300M | — |
| Net debt / EBITDA | −1.0x | — |
| Dividends and buybacks | $265M | $121M |
| Valuation & quality | ||
| P/E | 19.8x | 12.3x |
| Piotroski F-score | 4 | — |
Revenue
FY16
LOPE $873M
PRDO $704M
FY17
LOPE $974M
PRDO $596M
FY18
LOPE $846M
PRDO $581M
FY19
LOPE $779M
PRDO $628M
FY20
LOPE $844M
PRDO $687M
FY21
LOPE $897M
PRDO $693M
FY22
LOPE $911M
PRDO $695M
FY23
LOPE $961M
PRDO $710M
FY24
LOPE $1.0B
PRDO $681M
FY25
LOPE $1.1B
PRDO $846M
LOPE
PRDO
Operating margin
FY16
LOPE 27.2%
PRDO −4.6%
FY17
LOPE 29.0%
PRDO 5.7%
FY18
LOPE 30.5%
PRDO 12.3%
FY19
LOPE 34.1%
PRDO 13.8%
FY20
LOPE 32.9%
PRDO 20.8%
FY21
LOPE 31.5%
PRDO 21.5%
FY22
LOPE 26.1%
PRDO 18.7%
FY23
LOPE 25.9%
PRDO 21.2%
FY24
LOPE 26.7%
PRDO 25.6%
FY25
LOPE 24.0%
PRDO 23.2%
LOPE
PRDO
Free cash flow
FY16
LOPE $59.5M
PRDO $2.4M
FY17
LOPE $191M
PRDO −$28.1M
FY18
LOPE $105M
PRDO $50.3M
FY19
LOPE $284M
PRDO $67.9M
FY20
LOPE $279M
PRDO $170M
FY21
LOPE $284M
PRDO $181M
FY22
LOPE $186M
PRDO $136M
FY23
LOPE $199M
PRDO $106M
FY24
LOPE $253M
PRDO $157M
FY25
LOPE $239M
PRDO $217M
LOPE
PRDO
Return on capital
FY16
LOPE 24.5%
PRDO —
FY17
LOPE 27.1%
PRDO —
FY18
LOPE —
PRDO —
FY19
LOPE —
PRDO —
FY20
LOPE 14.8%
PRDO —
FY21
LOPE 23.6%
PRDO —
FY22
LOPE 40.6%
PRDO —
FY23
LOPE 42.3%
PRDO —
FY24
LOPE 45.9%
PRDO —
FY25
LOPE 45.3%
PRDO —
LOPE
PRDO
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.