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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Autohome Inc. (ATHM). Click either name above to swap in a different company.

Autohome Inc. is the larger business by last-quarter revenue ($249.8M vs $158.3M, roughly 1.6× AMERICAN PUBLIC EDUCATION INC). Autohome Inc. runs the higher net margin — 23.8% vs 8.0%, a 15.8% gap on every dollar of revenue. Over the past eight quarters, AMERICAN PUBLIC EDUCATION INC's revenue compounded faster (1.3% CAGR vs -0.6%).

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.

@Home Network was a high-speed cable Internet service provider from 1996 to 2002. It was founded by Milo Medin, cable companies Tele-Communications Inc. (TCI), Comcast, and Cox Communications, and William Randolph Hearst III, who was their first CEO, as a joint venture to produce high-speed cable Internet service through two-way television cable infrastructure. At the company's peak, it provided high-speed Internet service for 4.1 million subscribers in the United States, Canada, Japan, Austr...

APEI vs ATHM — Head-to-Head

Bigger by revenue
ATHM
ATHM
1.6× larger
ATHM
$249.8M
$158.3M
APEI
Higher net margin
ATHM
ATHM
15.8% more per $
ATHM
23.8%
8.0%
APEI
Faster 2-yr revenue CAGR
APEI
APEI
Annualised
APEI
1.3%
-0.6%
ATHM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
APEI
APEI
ATHM
ATHM
Revenue
$158.3M
$249.8M
Net Profit
$12.6M
$59.4M
Gross Margin
56.4%
63.7%
Operating Margin
12.0%
8.3%
Net Margin
8.0%
23.8%
Revenue YoY
-3.5%
Net Profit YoY
-2.7%
EPS (diluted)
$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
APEI
APEI
ATHM
ATHM
Q4 25
$158.3M
Q3 25
$163.2M
$249.8M
Q2 25
$162.8M
$245.4M
Q1 25
$164.6M
$244.3M
Q4 24
$164.1M
Q3 24
$153.1M
$252.9M
Q2 24
$152.9M
$257.7M
Q1 24
$154.4M
$222.9M
Net Profit
APEI
APEI
ATHM
ATHM
Q4 25
$12.6M
Q3 25
$5.6M
$59.4M
Q2 25
$4.5M
$56.0M
Q1 25
$8.9M
Q4 24
$13.0M
Q3 24
$2.3M
$61.0M
Q2 24
$371.0K
$69.3M
Q1 24
$516.0K
$52.4M
Gross Margin
APEI
APEI
ATHM
ATHM
Q4 25
56.4%
Q3 25
54.2%
63.7%
Q2 25
51.8%
71.4%
Q1 25
54.5%
Q4 24
56.3%
Q3 24
50.8%
77.0%
Q2 24
50.2%
81.5%
Q1 24
53.1%
81.3%
Operating Margin
APEI
APEI
ATHM
ATHM
Q4 25
12.0%
Q3 25
5.9%
8.3%
Q2 25
4.3%
16.9%
Q1 25
7.4%
13.0%
Q4 24
13.1%
Q3 24
2.7%
4.7%
Q2 24
1.5%
22.0%
Q1 24
3.4%
17.2%
Net Margin
APEI
APEI
ATHM
ATHM
Q4 25
8.0%
Q3 25
3.4%
23.8%
Q2 25
2.8%
22.8%
Q1 25
5.4%
Q4 24
7.9%
Q3 24
1.5%
24.1%
Q2 24
0.2%
26.9%
Q1 24
0.3%
23.5%
EPS (diluted)
APEI
APEI
ATHM
ATHM
Q4 25
$0.67
Q3 25
$0.30
Q2 25
$-0.02
Q1 25
$0.41
Q4 24
$0.63
Q3 24
$0.04
Q2 24
$-0.06
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
APEI
APEI
ATHM
ATHM
Cash + ST InvestmentsLiquidity on hand
$174.1M
Total DebtLower is stronger
$94.7M
Stockholders' EquityBook value
$294.8M
Total Assets
$521.4M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APEI
APEI
ATHM
ATHM
Q4 25
$174.1M
Q3 25
$191.3M
Q2 25
$174.9M
Q1 25
$161.6M
Q4 24
$131.9M
Q3 24
$135.4M
Q2 24
$129.8M
Q1 24
$125.3M
Total Debt
APEI
APEI
ATHM
ATHM
Q4 25
$94.7M
Q3 25
$94.4M
Q2 25
$94.1M
Q1 25
$93.7M
Q4 24
$93.4M
Q3 24
$93.1M
Q2 24
$92.8M
Q1 24
$95.0M
Stockholders' Equity
APEI
APEI
ATHM
ATHM
Q4 25
$294.8M
Q3 25
$279.3M
Q2 25
$272.2M
Q1 25
$310.0M
Q4 24
$303.9M
Q3 24
$290.4M
Q2 24
$288.7M
Q1 24
$288.5M
Total Assets
APEI
APEI
ATHM
ATHM
Q4 25
$521.4M
Q3 25
$525.3M
Q2 25
$537.4M
Q1 25
$578.7M
Q4 24
$570.1M
Q3 24
$569.6M
Q2 24
$560.7M
Q1 24
$559.0M
Debt / Equity
APEI
APEI
ATHM
ATHM
Q4 25
0.32×
Q3 25
0.34×
Q2 25
0.35×
Q1 25
0.30×
Q4 24
0.31×
Q3 24
0.32×
Q2 24
0.32×
Q1 24
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
APEI
APEI
ATHM
ATHM
Operating Cash FlowLast quarter
$-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
APEI
APEI
ATHM
ATHM
Q4 25
$-11.6M
Q3 25
$21.7M
Q2 25
$14.8M
Q1 25
$37.0M
Q4 24
$1.6M
Q3 24
$14.1M
Q2 24
$12.5M
Q1 24
$20.7M
Free Cash Flow
APEI
APEI
ATHM
ATHM
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
APEI
APEI
ATHM
ATHM
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
APEI
APEI
ATHM
ATHM
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
APEI
APEI
ATHM
ATHM
Q4 25
-0.92×
Q3 25
3.90×
Q2 25
3.29×
Q1 25
4.16×
Q4 24
0.12×
Q3 24
6.22×
Q2 24
33.57×
Q1 24
40.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APEI
APEI

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

ATHM
ATHM

Online marketplace and others$114.7M46%
Leads generation services$93.2M37%
Media services$41.9M17%

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