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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Commercial Vehicle Group, Inc. (CVGI). 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 $154.8M, roughly 1.0× Commercial Vehicle Group, Inc.). On growth, AMERICAN PUBLIC EDUCATION INC posted the faster year-over-year revenue change (-3.5% vs -5.2%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $-15.6M). Over the past eight quarters, AMERICAN PUBLIC EDUCATION INC's revenue compounded faster (1.3% CAGR vs -10.8%).
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.
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
APEI vs CVGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $154.8M |
| Net Profit | $12.6M | — |
| Gross Margin | 56.4% | 9.7% |
| Operating Margin | 12.0% | -1.2% |
| Net Margin | 8.0% | — |
| Revenue YoY | -3.5% | -5.2% |
| 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.
| Q4 25 | $158.3M | $154.8M | ||
| Q3 25 | $163.2M | $152.5M | ||
| Q2 25 | $162.8M | $172.0M | ||
| Q1 25 | $164.6M | $169.8M | ||
| Q4 24 | $164.1M | $163.3M | ||
| Q3 24 | $153.1M | $171.8M | ||
| Q2 24 | $152.9M | $193.7M | ||
| Q1 24 | $154.4M | $194.6M |
| Q4 25 | $12.6M | — | ||
| Q3 25 | $5.6M | $-7.1M | ||
| Q2 25 | $4.5M | $-4.8M | ||
| Q1 25 | $8.9M | $-4.3M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $2.3M | $9.5M | ||
| Q2 24 | $371.0K | $-1.6M | ||
| Q1 24 | $516.0K | $2.9M |
| Q4 25 | 56.4% | 9.7% | ||
| Q3 25 | 54.2% | 10.5% | ||
| Q2 25 | 51.8% | 11.4% | ||
| Q1 25 | 54.5% | 10.5% | ||
| Q4 24 | 56.3% | 8.0% | ||
| Q3 24 | 50.8% | 9.6% | ||
| Q2 24 | 50.2% | 10.6% | ||
| Q1 24 | 53.1% | 11.9% |
| Q4 25 | 12.0% | -1.2% | ||
| Q3 25 | 5.9% | -0.7% | ||
| Q2 25 | 4.3% | 0.5% | ||
| Q1 25 | 7.4% | 0.8% | ||
| Q4 24 | 13.1% | -3.2% | ||
| Q3 24 | 2.7% | -0.6% | ||
| Q2 24 | 1.5% | 0.5% | ||
| Q1 24 | 3.4% | 2.3% |
| Q4 25 | 8.0% | — | ||
| Q3 25 | 3.4% | -4.6% | ||
| Q2 25 | 2.8% | -2.8% | ||
| Q1 25 | 5.4% | -2.5% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 1.5% | 5.5% | ||
| Q2 24 | 0.2% | -0.8% | ||
| Q1 24 | 0.3% | 1.5% |
| 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 | $-0.05 | ||
| Q1 24 | $-0.06 | $0.09 |
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 | $104.9M |
| Stockholders' EquityBook value | $294.8M | $133.4M |
| Total Assets | $521.4M | $391.7M |
| Debt / EquityLower = less leverage | 0.32× | 0.79× |
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 | $104.9M | ||
| Q3 25 | $94.4M | $108.2M | ||
| Q2 25 | $94.1M | $118.2M | ||
| Q1 25 | $93.7M | $117.4M | ||
| Q4 24 | $93.4M | $135.5M | ||
| Q3 24 | $93.1M | $128.8M | ||
| Q2 24 | $92.8M | $142.0M | ||
| Q1 24 | $95.0M | $155.7M |
| Q4 25 | $294.8M | $133.4M | ||
| Q3 25 | $279.3M | $136.5M | ||
| Q2 25 | $272.2M | $142.6M | ||
| Q1 25 | $310.0M | $136.7M | ||
| Q4 24 | $303.9M | $135.6M | ||
| Q3 24 | $290.4M | $179.3M | ||
| Q2 24 | $288.7M | $169.6M | ||
| Q1 24 | $288.5M | $175.5M |
| Q4 25 | $521.4M | $391.7M | ||
| Q3 25 | $525.3M | $400.3M | ||
| Q2 25 | $537.4M | $429.8M | ||
| Q1 25 | $578.7M | $419.8M | ||
| Q4 24 | $570.1M | $424.6M | ||
| Q3 24 | $569.6M | $495.3M | ||
| Q2 24 | $560.7M | $503.2M | ||
| Q1 24 | $559.0M | $509.2M |
| Q4 25 | 0.32× | 0.79× | ||
| Q3 25 | 0.34× | 0.79× | ||
| Q2 25 | 0.35× | 0.83× | ||
| Q1 25 | 0.30× | 0.86× | ||
| Q4 24 | 0.31× | 1.00× | ||
| Q3 24 | 0.32× | 0.72× | ||
| Q2 24 | 0.32× | 0.84× | ||
| Q1 24 | 0.33× | 0.89× |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $-15.6M | $8.7M |
| FCF MarginFCF / Revenue | -9.9% | 5.6% |
| Capex IntensityCapex / Revenue | 2.6% | 2.3% |
| Cash ConversionOCF / Net Profit | -0.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $34.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $12.3M | ||
| Q3 25 | $21.7M | $-1.7M | ||
| Q2 25 | $14.8M | $18.9M | ||
| Q1 25 | $37.0M | $15.2M | ||
| Q4 24 | $1.6M | $-26.6M | ||
| Q3 24 | $14.1M | $-17.1M | ||
| Q2 24 | $12.5M | $12.6M | ||
| Q1 24 | $20.7M | $-2.4M |
| Q4 25 | $-15.6M | $8.7M | ||
| Q3 25 | $17.5M | $-3.5M | ||
| Q2 25 | $11.1M | $17.4M | ||
| Q1 25 | $33.1M | $11.4M | ||
| Q4 24 | $-1.8M | $-30.6M | ||
| Q3 24 | $7.8M | $-20.3M | ||
| Q2 24 | $7.3M | $6.4M | ||
| Q1 24 | $14.5M | $-7.4M |
| Q4 25 | -9.9% | 5.6% | ||
| Q3 25 | 10.7% | -2.3% | ||
| Q2 25 | 6.8% | 10.1% | ||
| Q1 25 | 20.1% | 6.7% | ||
| Q4 24 | -1.1% | -18.7% | ||
| Q3 24 | 5.1% | -11.8% | ||
| Q2 24 | 4.7% | 3.3% | ||
| Q1 24 | 9.4% | -3.8% |
| Q4 25 | 2.6% | 2.3% | ||
| Q3 25 | 2.6% | 1.2% | ||
| Q2 25 | 2.3% | 0.9% | ||
| Q1 25 | 2.4% | 2.2% | ||
| Q4 24 | 2.0% | 2.4% | ||
| Q3 24 | 4.1% | 1.9% | ||
| Q2 24 | 3.4% | 3.2% | ||
| Q1 24 | 4.0% | 2.6% |
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | — | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 6.22× | -1.79× | ||
| Q2 24 | 33.57× | — | ||
| Q1 24 | 40.20× | -0.80× |
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% |
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
