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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Energy Services of America CORP (ESOA). 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 $114.1M, roughly 1.4× Energy Services of America CORP). On growth, Energy Services of America CORP posted the faster year-over-year revenue change (13.4% vs -3.5%). Energy Services of America CORP produced more free cash flow last quarter ($16.8M vs $-15.6M). Over the past eight quarters, Energy Services of America CORP's revenue compounded faster (26.7% 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.

Superior Energy Services is an American oil services company that operates as a holding company for a portfolio of oilfield equipment rentals and well oil and gas services brands.

APEI vs ESOA — Head-to-Head

Bigger by revenue
APEI
APEI
1.4× larger
APEI
$158.3M
$114.1M
ESOA
Growing faster (revenue YoY)
ESOA
ESOA
+16.9% gap
ESOA
13.4%
-3.5%
APEI
More free cash flow
ESOA
ESOA
$32.4M more FCF
ESOA
$16.8M
$-15.6M
APEI
Faster 2-yr revenue CAGR
ESOA
ESOA
Annualised
ESOA
26.7%
1.3%
APEI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APEI
APEI
ESOA
ESOA
Revenue
$158.3M
$114.1M
Net Profit
$12.6M
Gross Margin
56.4%
12.3%
Operating Margin
12.0%
4.3%
Net Margin
8.0%
Revenue YoY
-3.5%
13.4%
Net Profit YoY
-2.7%
EPS (diluted)
$0.67
$0.16

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
ESOA
ESOA
Q4 25
$158.3M
$114.1M
Q3 25
$163.2M
$130.1M
Q2 25
$162.8M
$103.6M
Q1 25
$164.6M
$76.7M
Q4 24
$164.1M
$100.6M
Q3 24
$153.1M
$104.7M
Q2 24
$152.9M
$85.9M
Q1 24
$154.4M
$71.1M
Net Profit
APEI
APEI
ESOA
ESOA
Q4 25
$12.6M
Q3 25
$5.6M
Q2 25
$4.5M
Q1 25
$8.9M
Q4 24
$13.0M
Q3 24
$2.3M
Q2 24
$371.0K
Q1 24
$516.0K
Gross Margin
APEI
APEI
ESOA
ESOA
Q4 25
56.4%
12.3%
Q3 25
54.2%
12.6%
Q2 25
51.8%
11.6%
Q1 25
54.5%
0.1%
Q4 24
56.3%
10.2%
Q3 24
50.8%
16.8%
Q2 24
50.2%
17.8%
Q1 24
53.1%
8.8%
Operating Margin
APEI
APEI
ESOA
ESOA
Q4 25
12.0%
4.3%
Q3 25
5.9%
5.8%
Q2 25
4.3%
3.1%
Q1 25
7.4%
-10.6%
Q4 24
13.1%
1.6%
Q3 24
2.7%
8.4%
Q2 24
1.5%
9.9%
Q1 24
3.4%
-1.5%
Net Margin
APEI
APEI
ESOA
ESOA
Q4 25
8.0%
Q3 25
3.4%
Q2 25
2.8%
Q1 25
5.4%
Q4 24
7.9%
Q3 24
1.5%
Q2 24
0.2%
Q1 24
0.3%
EPS (diluted)
APEI
APEI
ESOA
ESOA
Q4 25
$0.67
$0.16
Q3 25
$0.30
$0.26
Q2 25
$-0.02
$0.12
Q1 25
$0.41
$-0.41
Q4 24
$0.63
$0.05
Q3 24
$0.04
$0.40
Q2 24
$-0.06
$1.06
Q1 24
$-0.06
$-0.07

Balance Sheet & Financial Strength

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

Metric
APEI
APEI
ESOA
ESOA
Cash + ST InvestmentsLiquidity on hand
$174.1M
$16.7M
Total DebtLower is stronger
$94.7M
$62.0M
Stockholders' EquityBook value
$294.8M
$60.6M
Total Assets
$521.4M
$201.0M
Debt / EquityLower = less leverage
0.32×
1.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APEI
APEI
ESOA
ESOA
Q4 25
$174.1M
$16.7M
Q3 25
$191.3M
$12.2M
Q2 25
$174.9M
$15.3M
Q1 25
$161.6M
$9.9M
Q4 24
$131.9M
$20.3M
Q3 24
$135.4M
$12.9M
Q2 24
$129.8M
$14.5M
Q1 24
$125.3M
$12.1M
Total Debt
APEI
APEI
ESOA
ESOA
Q4 25
$94.7M
$62.0M
Q3 25
$94.4M
$72.2M
Q2 25
$94.1M
$59.1M
Q1 25
$93.7M
$50.7M
Q4 24
$93.4M
$59.6M
Q3 24
$93.1M
$33.9M
Q2 24
$92.8M
$31.9M
Q1 24
$95.0M
$45.7M
Stockholders' Equity
APEI
APEI
ESOA
ESOA
Q4 25
$294.8M
$60.6M
Q3 25
$279.3M
$59.2M
Q2 25
$272.2M
$54.4M
Q1 25
$310.0M
$53.7M
Q4 24
$303.9M
$61.0M
Q3 24
$290.4M
$58.7M
Q2 24
$288.7M
$52.0M
Q1 24
$288.5M
$34.6M
Total Assets
APEI
APEI
ESOA
ESOA
Q4 25
$521.4M
$201.0M
Q3 25
$525.3M
$215.2M
Q2 25
$537.4M
$189.1M
Q1 25
$578.7M
$170.2M
Q4 24
$570.1M
$192.1M
Q3 24
$569.6M
$158.2M
Q2 24
$560.7M
$148.8M
Q1 24
$559.0M
$136.1M
Debt / Equity
APEI
APEI
ESOA
ESOA
Q4 25
0.32×
1.02×
Q3 25
0.34×
1.22×
Q2 25
0.35×
1.09×
Q1 25
0.30×
0.94×
Q4 24
0.31×
0.98×
Q3 24
0.32×
0.58×
Q2 24
0.32×
0.61×
Q1 24
0.33×
1.32×

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
ESOA
ESOA
Operating Cash FlowLast quarter
$-11.6M
$18.8M
Free Cash FlowOCF − Capex
$-15.6M
$16.8M
FCF MarginFCF / Revenue
-9.9%
14.7%
Capex IntensityCapex / Revenue
2.6%
1.8%
Cash ConversionOCF / Net Profit
-0.92×
TTM Free Cash FlowTrailing 4 quarters
$46.1M
$3.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APEI
APEI
ESOA
ESOA
Q4 25
$-11.6M
$18.8M
Q3 25
$21.7M
$-9.3M
Q2 25
$14.8M
$3.4M
Q1 25
$37.0M
$1.1M
Q4 24
$1.6M
$8.9M
Q3 24
$14.1M
$-847.5K
Q2 24
$12.5M
$19.3M
Q1 24
$20.7M
$-2.7M
Free Cash Flow
APEI
APEI
ESOA
ESOA
Q4 25
$-15.6M
$16.8M
Q3 25
$17.5M
$-12.0M
Q2 25
$11.1M
$-582.0K
Q1 25
$33.1M
$-1.1M
Q4 24
$-1.8M
$6.0M
Q3 24
$7.8M
$-2.9M
Q2 24
$7.3M
$16.3M
Q1 24
$14.5M
$-4.9M
FCF Margin
APEI
APEI
ESOA
ESOA
Q4 25
-9.9%
14.7%
Q3 25
10.7%
-9.3%
Q2 25
6.8%
-0.6%
Q1 25
20.1%
-1.4%
Q4 24
-1.1%
5.9%
Q3 24
5.1%
-2.8%
Q2 24
4.7%
18.9%
Q1 24
9.4%
-6.9%
Capex Intensity
APEI
APEI
ESOA
ESOA
Q4 25
2.6%
1.8%
Q3 25
2.6%
2.1%
Q2 25
2.3%
3.9%
Q1 25
2.4%
2.9%
Q4 24
2.0%
2.9%
Q3 24
4.1%
2.0%
Q2 24
3.4%
3.6%
Q1 24
4.0%
3.1%
Cash Conversion
APEI
APEI
ESOA
ESOA
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%

ESOA
ESOA

Electricals Mechanical And General$49.4M43%
Gas And Petroleum Transmission$24.1M21%
Cost Plus And TM Contracts$23.3M20%
Transferred At Point In Time$17.9M16%

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