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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and DMC Global Inc. (BOOM). 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 $143.5M, roughly 1.1× DMC Global Inc.). AMERICAN PUBLIC EDUCATION INC runs the higher net margin — 8.0% vs -7.8%, a 15.7% gap on every dollar of revenue. On growth, AMERICAN PUBLIC EDUCATION INC posted the faster year-over-year revenue change (-3.5% vs -5.8%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-15.6M). Over the past eight quarters, AMERICAN PUBLIC EDUCATION INC's revenue compounded faster (1.3% CAGR vs -7.3%).
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.
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
APEI vs BOOM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $143.5M |
| Net Profit | $12.6M | $-11.2M |
| Gross Margin | 56.4% | 17.1% |
| Operating Margin | 12.0% | -7.8% |
| Net Margin | 8.0% | -7.8% |
| Revenue YoY | -3.5% | -5.8% |
| Net Profit YoY | -2.7% | -3871.6% |
| EPS (diluted) | $0.67 | $-0.60 |
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.
| Q4 25 | $158.3M | $143.5M | ||
| Q3 25 | $163.2M | $151.5M | ||
| Q2 25 | $162.8M | $155.5M | ||
| Q1 25 | $164.6M | $159.3M | ||
| Q4 24 | $164.1M | $152.4M | ||
| Q3 24 | $153.1M | $152.4M | ||
| Q2 24 | $152.9M | $171.2M | ||
| Q1 24 | $154.4M | $166.9M |
| Q4 25 | $12.6M | $-11.2M | ||
| Q3 25 | $5.6M | $-3.1M | ||
| Q2 25 | $4.5M | $116.0K | ||
| Q1 25 | $8.9M | $677.0K | ||
| Q4 24 | $13.0M | $296.0K | ||
| Q3 24 | $2.3M | $-101.3M | ||
| Q2 24 | $371.0K | $4.0M | ||
| Q1 24 | $516.0K | $2.6M |
| Q4 25 | 56.4% | 17.1% | ||
| Q3 25 | 54.2% | 21.7% | ||
| Q2 25 | 51.8% | 23.6% | ||
| Q1 25 | 54.5% | 25.9% | ||
| Q4 24 | 56.3% | 20.8% | ||
| Q3 24 | 50.8% | 19.8% | ||
| Q2 24 | 50.2% | 27.1% | ||
| Q1 24 | 53.1% | 25.4% |
| Q4 25 | 12.0% | -7.8% | ||
| Q3 25 | 5.9% | 0.4% | ||
| Q2 25 | 4.3% | 2.5% | ||
| Q1 25 | 7.4% | 4.1% | ||
| Q4 24 | 13.1% | -0.5% | ||
| Q3 24 | 2.7% | -97.7% | ||
| Q2 24 | 1.5% | 6.8% | ||
| Q1 24 | 3.4% | 4.0% |
| Q4 25 | 8.0% | -7.8% | ||
| Q3 25 | 3.4% | -2.0% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 5.4% | 0.4% | ||
| Q4 24 | 7.9% | 0.2% | ||
| Q3 24 | 1.5% | -66.5% | ||
| Q2 24 | 0.2% | 2.3% | ||
| Q1 24 | 0.3% | 1.5% |
| Q4 25 | $0.67 | $-0.60 | ||
| Q3 25 | $0.30 | $-0.10 | ||
| Q2 25 | $-0.02 | $-0.24 | ||
| Q1 25 | $0.41 | $0.04 | ||
| Q4 24 | $0.63 | $-0.18 | ||
| Q3 24 | $0.04 | $-8.27 | ||
| Q2 24 | $-0.06 | $0.24 | ||
| Q1 24 | $-0.06 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.1M | $31.9M |
| Total DebtLower is stronger | $94.7M | $50.6M |
| Stockholders' EquityBook value | $294.8M | $242.1M |
| Total Assets | $521.4M | $635.8M |
| Debt / EquityLower = less leverage | 0.32× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $31.9M | ||
| Q3 25 | $191.3M | $26.4M | ||
| Q2 25 | $174.9M | $12.4M | ||
| Q1 25 | $161.6M | $14.7M | ||
| Q4 24 | $131.9M | $14.3M | ||
| Q3 24 | $135.4M | $14.5M | ||
| Q2 24 | $129.8M | $14.6M | ||
| Q1 24 | $125.3M | $20.4M |
| Q4 25 | $94.7M | $50.6M | ||
| Q3 25 | $94.4M | $56.5M | ||
| Q2 25 | $94.1M | $58.7M | ||
| Q1 25 | $93.7M | $72.4M | ||
| Q4 24 | $93.4M | $70.8M | ||
| Q3 24 | $93.1M | $74.2M | ||
| Q2 24 | $92.8M | $84.1M | ||
| Q1 24 | $95.0M | $88.0M |
| Q4 25 | $294.8M | $242.1M | ||
| Q3 25 | $279.3M | $253.0M | ||
| Q2 25 | $272.2M | $253.9M | ||
| Q1 25 | $310.0M | $253.9M | ||
| Q4 24 | $303.9M | $251.0M | ||
| Q3 24 | $290.4M | $256.5M | ||
| Q2 24 | $288.7M | $416.0M | ||
| Q1 24 | $288.5M | $409.9M |
| Q4 25 | $521.4M | $635.8M | ||
| Q3 25 | $525.3M | $644.1M | ||
| Q2 25 | $537.4M | $645.0M | ||
| Q1 25 | $578.7M | $670.6M | ||
| Q4 24 | $570.1M | $671.3M | ||
| Q3 24 | $569.6M | $702.0M | ||
| Q2 24 | $560.7M | $869.5M | ||
| Q1 24 | $559.0M | $860.0M |
| Q4 25 | 0.32× | 0.21× | ||
| Q3 25 | 0.34× | 0.22× | ||
| Q2 25 | 0.35× | 0.23× | ||
| Q1 25 | 0.30× | 0.29× | ||
| Q4 24 | 0.31× | 0.28× | ||
| Q3 24 | 0.32× | 0.29× | ||
| Q2 24 | 0.32× | 0.20× | ||
| Q1 24 | 0.33× | 0.21× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-11.6M | $15.2M |
| Free Cash FlowOCF − Capex | $-15.6M | $9.6M |
| FCF MarginFCF / Revenue | -9.9% | 6.7% |
| Capex IntensityCapex / Revenue | 2.6% | 3.9% |
| Cash ConversionOCF / Net Profit | -0.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $37.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $15.2M | ||
| Q3 25 | $21.7M | $18.6M | ||
| Q2 25 | $14.8M | $15.2M | ||
| Q1 25 | $37.0M | $4.5M | ||
| Q4 24 | $1.6M | $11.8M | ||
| Q3 24 | $14.1M | $19.0M | ||
| Q2 24 | $12.5M | $2.3M | ||
| Q1 24 | $20.7M | $13.4M |
| Q4 25 | $-15.6M | $9.6M | ||
| Q3 25 | $17.5M | $14.4M | ||
| Q2 25 | $11.1M | $12.3M | ||
| Q1 25 | $33.1M | $709.0K | ||
| Q4 24 | $-1.8M | $6.1M | ||
| Q3 24 | $7.8M | $12.9M | ||
| Q2 24 | $7.3M | $-204.0K | ||
| Q1 24 | $14.5M | $10.5M |
| Q4 25 | -9.9% | 6.7% | ||
| Q3 25 | 10.7% | 9.5% | ||
| Q2 25 | 6.8% | 7.9% | ||
| Q1 25 | 20.1% | 0.4% | ||
| Q4 24 | -1.1% | 4.0% | ||
| Q3 24 | 5.1% | 8.5% | ||
| Q2 24 | 4.7% | -0.1% | ||
| Q1 24 | 9.4% | 6.3% |
| Q4 25 | 2.6% | 3.9% | ||
| Q3 25 | 2.6% | 2.8% | ||
| Q2 25 | 2.3% | 1.9% | ||
| Q1 25 | 2.4% | 2.4% | ||
| Q4 24 | 2.0% | 3.7% | ||
| Q3 24 | 4.1% | 4.0% | ||
| Q2 24 | 3.4% | 1.5% | ||
| Q1 24 | 4.0% | 1.8% |
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | — | ||
| Q2 25 | 3.29× | 131.43× | ||
| Q1 25 | 4.16× | 6.63× | ||
| Q4 24 | 0.12× | 39.90× | ||
| Q3 24 | 6.22× | — | ||
| Q2 24 | 33.57× | 0.58× | ||
| Q1 24 | 40.20× | 5.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APEI
| American Public Education Inc Segment | $71.0M | 45% |
| Rasmussen University Segment | $66.6M | 42% |
| Hondros College Of Nursing Segment | $20.7M | 13% |
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
