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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Douglas Elliman Inc. (DOUG). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $158.3M, roughly 1.6× AMERICAN PUBLIC EDUCATION INC). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 8.0%, a 20.0% gap on every dollar of revenue. On growth, Douglas Elliman Inc. posted the faster year-over-year revenue change (0.9% vs -3.5%). Douglas Elliman Inc. produced more free cash flow last quarter ($-14.7M vs $-15.6M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% 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.
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
APEI vs DOUG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $245.4M |
| Net Profit | $12.6M | $68.6M |
| Gross Margin | 56.4% | — |
| Operating Margin | 12.0% | 27.3% |
| Net Margin | 8.0% | 27.9% |
| Revenue YoY | -3.5% | 0.9% |
| Net Profit YoY | -2.7% | 1243.4% |
| EPS (diluted) | $0.67 | $0.80 |
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 | $245.4M | ||
| Q3 25 | $163.2M | $262.8M | ||
| Q2 25 | $162.8M | $271.4M | ||
| Q1 25 | $164.6M | $253.4M | ||
| Q4 24 | $164.1M | $243.3M | ||
| Q3 24 | $153.1M | $266.3M | ||
| Q2 24 | $152.9M | $285.8M | ||
| Q1 24 | $154.4M | $200.2M |
| Q4 25 | $12.6M | $68.6M | ||
| Q3 25 | $5.6M | $-24.7M | ||
| Q2 25 | $4.5M | $-22.7M | ||
| Q1 25 | $8.9M | $-6.0M | ||
| Q4 24 | $13.0M | $-6.0M | ||
| Q3 24 | $2.3M | $-27.2M | ||
| Q2 24 | $371.0K | $-1.7M | ||
| Q1 24 | $516.0K | $-41.5M |
| 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% | 27.3% | ||
| Q3 25 | 5.9% | -4.1% | ||
| Q2 25 | 4.3% | -2.0% | ||
| Q1 25 | 7.4% | -2.1% | ||
| Q4 24 | 13.1% | -6.7% | ||
| Q3 24 | 2.7% | -2.8% | ||
| Q2 24 | 1.5% | -1.3% | ||
| Q1 24 | 3.4% | -20.7% |
| Q4 25 | 8.0% | 27.9% | ||
| Q3 25 | 3.4% | -9.4% | ||
| Q2 25 | 2.8% | -8.4% | ||
| Q1 25 | 5.4% | -2.4% | ||
| Q4 24 | 7.9% | -2.5% | ||
| Q3 24 | 1.5% | -10.2% | ||
| Q2 24 | 0.2% | -0.6% | ||
| Q1 24 | 0.3% | -20.7% |
| Q4 25 | $0.67 | $0.80 | ||
| Q3 25 | $0.30 | $-0.29 | ||
| Q2 25 | $-0.02 | $-0.27 | ||
| Q1 25 | $0.41 | $-0.07 | ||
| Q4 24 | $0.63 | $-0.06 | ||
| Q3 24 | $0.04 | $-0.33 | ||
| Q2 24 | $-0.06 | $-0.02 | ||
| Q1 24 | $-0.06 | $-0.50 |
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 | $115.5M |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $183.9M |
| Total Assets | $521.4M | $444.4M |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $115.5M | ||
| Q3 25 | $191.3M | $143.0M | ||
| Q2 25 | $174.9M | $136.3M | ||
| Q1 25 | $161.6M | $136.8M | ||
| Q4 24 | $131.9M | $145.5M | ||
| Q3 24 | $135.4M | $151.4M | ||
| Q2 24 | $129.8M | $92.9M | ||
| Q1 24 | $125.3M | $91.5M |
| 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 | — |
| Q4 25 | $294.8M | $183.9M | ||
| Q3 25 | $279.3M | $115.1M | ||
| Q2 25 | $272.2M | $137.6M | ||
| Q1 25 | $310.0M | $158.2M | ||
| Q4 24 | $303.9M | $162.2M | ||
| Q3 24 | $290.4M | $173.6M | ||
| Q2 24 | $288.7M | $196.9M | ||
| Q1 24 | $288.5M | $195.1M |
| Q4 25 | $521.4M | $444.4M | ||
| Q3 25 | $525.3M | $480.6M | ||
| Q2 25 | $537.4M | $489.0M | ||
| Q1 25 | $578.7M | $493.9M | ||
| Q4 24 | $570.1M | $493.9M | ||
| Q3 24 | $569.6M | $502.7M | ||
| Q2 24 | $560.7M | $463.9M | ||
| Q1 24 | $559.0M | $461.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-11.6M | $-14.4M |
| Free Cash FlowOCF − Capex | $-15.6M | $-14.7M |
| FCF MarginFCF / Revenue | -9.9% | -6.0% |
| Capex IntensityCapex / Revenue | 2.6% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.92× | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $-17.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $-14.4M | ||
| Q3 25 | $21.7M | $5.5M | ||
| Q2 25 | $14.8M | $642.0K | ||
| Q1 25 | $37.0M | $-5.6M | ||
| Q4 24 | $1.6M | $-9.0M | ||
| Q3 24 | $14.1M | $9.0M | ||
| Q2 24 | $12.5M | $1.3M | ||
| Q1 24 | $20.7M | $-27.3M |
| Q4 25 | $-15.6M | $-14.7M | ||
| Q3 25 | $17.5M | $4.7M | ||
| Q2 25 | $11.1M | $-575.0K | ||
| Q1 25 | $33.1M | $-6.7M | ||
| Q4 24 | $-1.8M | $-10.2M | ||
| Q3 24 | $7.8M | $7.7M | ||
| Q2 24 | $7.3M | $432.0K | ||
| Q1 24 | $14.5M | $-29.4M |
| Q4 25 | -9.9% | -6.0% | ||
| Q3 25 | 10.7% | 1.8% | ||
| Q2 25 | 6.8% | -0.2% | ||
| Q1 25 | 20.1% | -2.6% | ||
| Q4 24 | -1.1% | -4.2% | ||
| Q3 24 | 5.1% | 2.9% | ||
| Q2 24 | 4.7% | 0.2% | ||
| Q1 24 | 9.4% | -14.7% |
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 2.6% | 0.3% | ||
| Q2 25 | 2.3% | 0.4% | ||
| Q1 25 | 2.4% | 0.4% | ||
| Q4 24 | 2.0% | 0.5% | ||
| Q3 24 | 4.1% | 0.5% | ||
| Q2 24 | 3.4% | 0.3% | ||
| Q1 24 | 4.0% | 1.0% |
| Q4 25 | -0.92× | -0.21× | ||
| 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
| American Public Education Inc Segment | $71.0M | 45% |
| Rasmussen University Segment | $66.6M | 42% |
| Hondros College Of Nursing Segment | $20.7M | 13% |
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
