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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and CATHAY GENERAL BANCORP (CATY). Click either name above to swap in a different company.
CATHAY GENERAL BANCORP is the larger business by last-quarter revenue ($222.8M vs $158.3M, roughly 1.4× AMERICAN PUBLIC EDUCATION INC). CATHAY GENERAL BANCORP runs the higher net margin — 653.4% vs 8.0%, a 645.4% gap on every dollar of revenue. On growth, CATHAY GENERAL BANCORP posted the faster year-over-year revenue change (19.5% vs -3.5%). CATHAY GENERAL BANCORP produced more free cash flow last quarter ($363.7M vs $-15.6M). Over the past eight quarters, CATHAY GENERAL BANCORP's revenue compounded faster (12.8% CAGR vs 1.3%).
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.
Cathay General Bancorp is a U.S.-headquartered bank holding company that operates Cathay Bank, offering full-spectrum commercial and personal banking services. It primarily serves Asian American communities and small-to-medium enterprises across major U.S. states including California, New York and Texas, as well as select Asian markets, with products covering deposits, loans, and wealth management solutions.
APEI vs CATY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $222.8M |
| Net Profit | $12.6M | $90.5M |
| Gross Margin | 56.4% | — |
| Operating Margin | 12.0% | 50.9% |
| Net Margin | 8.0% | 653.4% |
| Revenue YoY | -3.5% | 19.5% |
| Net Profit YoY | -2.7% | 12.9% |
| EPS (diluted) | $0.67 | $1.33 |
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 | $222.8M | ||
| Q3 25 | $163.2M | $210.6M | ||
| Q2 25 | $162.8M | $196.6M | ||
| Q1 25 | $164.6M | $187.8M | ||
| Q4 24 | $164.1M | $186.5M | ||
| Q3 24 | $153.1M | $189.5M | ||
| Q2 24 | $152.9M | $178.5M | ||
| Q1 24 | $154.4M | $175.2M |
| Q4 25 | $12.6M | $90.5M | ||
| Q3 25 | $5.6M | $77.7M | ||
| Q2 25 | $4.5M | $77.5M | ||
| Q1 25 | $8.9M | $69.5M | ||
| Q4 24 | $13.0M | $80.2M | ||
| Q3 24 | $2.3M | $67.5M | ||
| Q2 24 | $371.0K | $66.8M | ||
| Q1 24 | $516.0K | $71.4M |
| 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% | — |
| Q4 25 | 12.0% | 50.9% | ||
| Q3 25 | 5.9% | 44.5% | ||
| Q2 25 | 4.3% | 49.0% | ||
| Q1 25 | 7.4% | 46.1% | ||
| Q4 24 | 13.1% | 46.5% | ||
| Q3 24 | 2.7% | 41.2% | ||
| Q2 24 | 1.5% | 40.7% | ||
| Q1 24 | 3.4% | 45.7% |
| Q4 25 | 8.0% | 653.4% | ||
| Q3 25 | 3.4% | 36.9% | ||
| Q2 25 | 2.8% | 39.4% | ||
| Q1 25 | 5.4% | 37.0% | ||
| Q4 24 | 7.9% | 587.9% | ||
| Q3 24 | 1.5% | 35.6% | ||
| Q2 24 | 0.2% | 37.4% | ||
| Q1 24 | 0.3% | 40.8% |
| Q4 25 | $0.67 | $1.33 | ||
| Q3 25 | $0.30 | $1.13 | ||
| Q2 25 | $-0.02 | $1.10 | ||
| Q1 25 | $0.41 | $0.98 | ||
| Q4 24 | $0.63 | $1.11 | ||
| Q3 24 | $0.04 | $0.94 | ||
| Q2 24 | $-0.06 | $0.92 | ||
| Q1 24 | $-0.06 | $0.98 |
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 | — |
| Total DebtLower is stronger | $94.7M | $119.1M |
| Stockholders' EquityBook value | $294.8M | $2.9B |
| Total Assets | $521.4M | $24.2B |
| Debt / EquityLower = less leverage | 0.32× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $94.7M | $119.1M | ||
| Q3 25 | $94.4M | $119.1M | ||
| Q2 25 | $94.1M | $119.1M | ||
| Q1 25 | $93.7M | $119.1M | ||
| Q4 24 | $93.4M | $119.1M | ||
| Q3 24 | $93.1M | $119.1M | ||
| Q2 24 | $92.8M | $119.1M | ||
| Q1 24 | $95.0M | $119.1M |
| Q4 25 | $294.8M | $2.9B | ||
| Q3 25 | $279.3M | $2.9B | ||
| Q2 25 | $272.2M | $2.9B | ||
| Q1 25 | $310.0M | $2.9B | ||
| Q4 24 | $303.9M | $2.8B | ||
| Q3 24 | $290.4M | $2.8B | ||
| Q2 24 | $288.7M | $2.8B | ||
| Q1 24 | $288.5M | $2.8B |
| Q4 25 | $521.4M | $24.2B | ||
| Q3 25 | $525.3M | $24.1B | ||
| Q2 25 | $537.4M | $23.7B | ||
| Q1 25 | $578.7M | $23.2B | ||
| Q4 24 | $570.1M | $23.1B | ||
| Q3 24 | $569.6M | $23.3B | ||
| Q2 24 | $560.7M | $23.2B | ||
| Q1 24 | $559.0M | $23.4B |
| Q4 25 | 0.32× | 0.04× | ||
| Q3 25 | 0.34× | 0.04× | ||
| Q2 25 | 0.35× | 0.04× | ||
| Q1 25 | 0.30× | 0.04× | ||
| Q4 24 | 0.31× | 0.04× | ||
| Q3 24 | 0.32× | 0.04× | ||
| Q2 24 | 0.32× | 0.04× | ||
| Q1 24 | 0.33× | 0.04× |
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 | $368.6M |
| Free Cash FlowOCF − Capex | $-15.6M | $363.7M |
| FCF MarginFCF / Revenue | -9.9% | 163.2% |
| Capex IntensityCapex / Revenue | 2.6% | 2.2% |
| Cash ConversionOCF / Net Profit | -0.92× | 4.07× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $672.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $368.6M | ||
| Q3 25 | $21.7M | $150.6M | ||
| Q2 25 | $14.8M | $64.0M | ||
| Q1 25 | $37.0M | $99.0M | ||
| Q4 24 | $1.6M | $329.2M | ||
| Q3 24 | $14.1M | $81.2M | ||
| Q2 24 | $12.5M | $72.9M | ||
| Q1 24 | $20.7M | $88.2M |
| Q4 25 | $-15.6M | $363.7M | ||
| Q3 25 | $17.5M | $150.1M | ||
| Q2 25 | $11.1M | $62.7M | ||
| Q1 25 | $33.1M | $96.3M | ||
| Q4 24 | $-1.8M | $325.5M | ||
| Q3 24 | $7.8M | $80.0M | ||
| Q2 24 | $7.3M | $72.4M | ||
| Q1 24 | $14.5M | $87.3M |
| Q4 25 | -9.9% | 163.2% | ||
| Q3 25 | 10.7% | 71.3% | ||
| Q2 25 | 6.8% | 31.9% | ||
| Q1 25 | 20.1% | 51.2% | ||
| Q4 24 | -1.1% | 174.6% | ||
| Q3 24 | 5.1% | 42.2% | ||
| Q2 24 | 4.7% | 40.5% | ||
| Q1 24 | 9.4% | 49.8% |
| Q4 25 | 2.6% | 2.2% | ||
| Q3 25 | 2.6% | 0.2% | ||
| Q2 25 | 2.3% | 0.6% | ||
| Q1 25 | 2.4% | 1.4% | ||
| Q4 24 | 2.0% | 1.9% | ||
| Q3 24 | 4.1% | 0.6% | ||
| Q2 24 | 3.4% | 0.3% | ||
| Q1 24 | 4.0% | 0.5% |
| Q4 25 | -0.92× | 4.07× | ||
| Q3 25 | 3.90× | 1.94× | ||
| Q2 25 | 3.29× | 0.83× | ||
| Q1 25 | 4.16× | 1.42× | ||
| Q4 24 | 0.12× | 4.10× | ||
| Q3 24 | 6.22× | 1.20× | ||
| Q2 24 | 33.57× | 1.09× | ||
| Q1 24 | 40.20× | 1.23× |
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% |
CATY
Segment breakdown not available.
