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Side-by-side financial comparison of ARBOR REALTY TRUST INC (ABR) and AMERICAN PUBLIC EDUCATION INC (APEI). Click either name above to swap in a different company.

AMERICAN PUBLIC EDUCATION INC is the larger business by last-quarter revenue ($158.3M vs $133.4M, roughly 1.2× ARBOR REALTY TRUST INC). On growth, AMERICAN PUBLIC EDUCATION INC posted the faster year-over-year revenue change (-3.5% vs -12.1%). Over the past eight quarters, AMERICAN PUBLIC EDUCATION INC's revenue compounded faster (1.3% CAGR vs -8.9%).

Arbor Realty Trust Inc. is a U.S.-headquartered specialized real estate investment trust (REIT). It primarily provides structured financing solutions for multifamily residential and commercial real estate projects, including bridge loans, agency lending, and mezzanine financing. Its core market covers the U.S. real estate sector, serving property owners, developers and real estate investors nationwide.

Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.

ABR vs APEI — Head-to-Head

Bigger by revenue
APEI
APEI
1.2× larger
APEI
$158.3M
$133.4M
ABR
Growing faster (revenue YoY)
APEI
APEI
+8.6% gap
APEI
-3.5%
-12.1%
ABR
Faster 2-yr revenue CAGR
APEI
APEI
Annualised
APEI
1.3%
-8.9%
ABR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABR
ABR
APEI
APEI
Revenue
$133.4M
$158.3M
Net Profit
$12.6M
Gross Margin
56.4%
Operating Margin
12.0%
Net Margin
8.0%
Revenue YoY
-12.1%
-3.5%
Net Profit YoY
-2.7%
EPS (diluted)
$0.08
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABR
ABR
APEI
APEI
Q4 25
$133.4M
$158.3M
Q3 25
$112.4M
$163.2M
Q2 25
$130.4M
$162.8M
Q1 25
$134.2M
$164.6M
Q4 24
$151.7M
$164.1M
Q3 24
$156.7M
$153.1M
Q2 24
$153.1M
$152.9M
Q1 24
$160.7M
$154.4M
Net Profit
ABR
ABR
APEI
APEI
Q4 25
$12.6M
Q3 25
$52.0M
$5.6M
Q2 25
$36.3M
$4.5M
Q1 25
$43.4M
$8.9M
Q4 24
$13.0M
Q3 24
$73.5M
$2.3M
Q2 24
$61.8M
$371.0K
Q1 24
$73.2M
$516.0K
Gross Margin
ABR
ABR
APEI
APEI
Q4 25
56.4%
Q3 25
54.2%
Q2 25
51.8%
Q1 25
54.5%
Q4 24
56.3%
Q3 24
50.8%
Q2 24
50.2%
Q1 24
53.1%
Operating Margin
ABR
ABR
APEI
APEI
Q4 25
12.0%
Q3 25
5.9%
Q2 25
4.3%
Q1 25
7.4%
Q4 24
13.1%
Q3 24
2.7%
Q2 24
1.5%
Q1 24
46.9%
3.4%
Net Margin
ABR
ABR
APEI
APEI
Q4 25
8.0%
Q3 25
46.3%
3.4%
Q2 25
27.8%
2.8%
Q1 25
32.3%
5.4%
Q4 24
7.9%
Q3 24
46.9%
1.5%
Q2 24
40.4%
0.2%
Q1 24
45.6%
0.3%
EPS (diluted)
ABR
ABR
APEI
APEI
Q4 25
$0.08
$0.67
Q3 25
$0.20
$0.30
Q2 25
$0.12
$-0.02
Q1 25
$0.16
$0.41
Q4 24
$0.31
$0.63
Q3 24
$0.31
$0.04
Q2 24
$0.25
$-0.06
Q1 24
$0.31
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABR
ABR
APEI
APEI
Cash + ST InvestmentsLiquidity on hand
$482.9M
$174.1M
Total DebtLower is stronger
$11.1B
$94.7M
Stockholders' EquityBook value
$3.0B
$294.8M
Total Assets
$14.5B
$521.4M
Debt / EquityLower = less leverage
3.75×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABR
ABR
APEI
APEI
Q4 25
$482.9M
$174.1M
Q3 25
$423.4M
$191.3M
Q2 25
$255.7M
$174.9M
Q1 25
$308.8M
$161.6M
Q4 24
$503.8M
$131.9M
Q3 24
$687.5M
$135.4M
Q2 24
$737.5M
$129.8M
Q1 24
$908.0M
$125.3M
Total Debt
ABR
ABR
APEI
APEI
Q4 25
$11.1B
$94.7M
Q3 25
$10.4B
$94.4M
Q2 25
$10.1B
$94.1M
Q1 25
$9.9B
$93.7M
Q4 24
$10.0B
$93.4M
Q3 24
$10.3B
$93.1M
Q2 24
$10.6B
$92.8M
Q1 24
$11.4B
$95.0M
Stockholders' Equity
ABR
ABR
APEI
APEI
Q4 25
$3.0B
$294.8M
Q3 25
$3.0B
$279.3M
Q2 25
$3.0B
$272.2M
Q1 25
$3.0B
$310.0M
Q4 24
$3.0B
$303.9M
Q3 24
$3.0B
$290.4M
Q2 24
$3.1B
$288.7M
Q1 24
$3.1B
$288.5M
Total Assets
ABR
ABR
APEI
APEI
Q4 25
$14.5B
$521.4M
Q3 25
$13.9B
$525.3M
Q2 25
$13.6B
$537.4M
Q1 25
$13.4B
$578.7M
Q4 24
$13.5B
$570.1M
Q3 24
$13.9B
$569.6M
Q2 24
$14.2B
$560.7M
Q1 24
$15.1B
$559.0M
Debt / Equity
ABR
ABR
APEI
APEI
Q4 25
3.75×
0.32×
Q3 25
3.47×
0.34×
Q2 25
3.40×
0.35×
Q1 25
3.29×
0.30×
Q4 24
3.29×
0.31×
Q3 24
3.40×
0.32×
Q2 24
3.47×
0.32×
Q1 24
3.68×
0.33×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABR
ABR
APEI
APEI
Operating Cash FlowLast quarter
$372.4M
$-11.6M
Free Cash FlowOCF − Capex
$-15.6M
FCF MarginFCF / Revenue
-9.9%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
-0.92×
TTM Free Cash FlowTrailing 4 quarters
$46.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABR
ABR
APEI
APEI
Q4 25
$372.4M
$-11.6M
Q3 25
$178.7M
$21.7M
Q2 25
$60.0M
$14.8M
Q1 25
$150.5M
$37.0M
Q4 24
$461.5M
$1.6M
Q3 24
$85.0M
$14.1M
Q2 24
$69.9M
$12.5M
Q1 24
$260.0M
$20.7M
Free Cash Flow
ABR
ABR
APEI
APEI
Q4 25
$-15.6M
Q3 25
$17.5M
Q2 25
$11.1M
Q1 25
$33.1M
Q4 24
$-1.8M
Q3 24
$7.8M
Q2 24
$7.3M
Q1 24
$14.5M
FCF Margin
ABR
ABR
APEI
APEI
Q4 25
-9.9%
Q3 25
10.7%
Q2 25
6.8%
Q1 25
20.1%
Q4 24
-1.1%
Q3 24
5.1%
Q2 24
4.7%
Q1 24
9.4%
Capex Intensity
ABR
ABR
APEI
APEI
Q4 25
2.6%
Q3 25
2.6%
Q2 25
2.3%
Q1 25
2.4%
Q4 24
2.0%
Q3 24
4.1%
Q2 24
3.4%
Q1 24
4.0%
Cash Conversion
ABR
ABR
APEI
APEI
Q4 25
-0.92×
Q3 25
3.44×
3.90×
Q2 25
1.65×
3.29×
Q1 25
3.47×
4.16×
Q4 24
0.12×
Q3 24
1.16×
6.22×
Q2 24
1.13×
33.57×
Q1 24
3.55×
40.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABR
ABR

Segment breakdown not available.

APEI
APEI

American Public Education Inc Segment$71.0M45%
Rasmussen University Segment$66.6M42%
Hondros College Of Nursing Segment$20.7M13%

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