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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and 4D Molecular Therapeutics, Inc. (FDMT). 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 $85.1M, roughly 1.9× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 8.0%, a 14.8% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs -3.5%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-15.6M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% 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.
4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.
APEI vs FDMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $85.1M |
| Net Profit | $12.6M | $19.4M |
| Gross Margin | 56.4% | — |
| Operating Margin | 12.0% | 17.3% |
| Net Margin | 8.0% | 22.8% |
| Revenue YoY | -3.5% | 8508900.0% |
| Net Profit YoY | -2.7% | 139.1% |
| EPS (diluted) | $0.67 | $0.43 |
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 | $85.1M | ||
| Q3 25 | $163.2M | $90.0K | ||
| Q2 25 | $162.8M | $15.0K | ||
| Q1 25 | $164.6M | $14.0K | ||
| Q4 24 | $164.1M | $1.0K | ||
| Q3 24 | $153.1M | $3.0K | ||
| Q2 24 | $152.9M | $5.0K | ||
| Q1 24 | $154.4M | $28.0K |
| Q4 25 | $12.6M | $19.4M | ||
| Q3 25 | $5.6M | $-56.9M | ||
| Q2 25 | $4.5M | $-54.7M | ||
| Q1 25 | $8.9M | $-48.0M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $2.3M | $-43.8M | ||
| Q2 24 | $371.0K | $-35.0M | ||
| Q1 24 | $516.0K | $-32.4M |
| 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% | 17.3% | ||
| Q3 25 | 5.9% | -67983.3% | ||
| Q2 25 | 4.3% | -396373.3% | ||
| Q1 25 | 7.4% | -383007.1% | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 2.7% | -1704400.0% | ||
| Q2 24 | 1.5% | -849120.0% | ||
| Q1 24 | 3.4% | -136200.0% |
| Q4 25 | 8.0% | 22.8% | ||
| Q3 25 | 3.4% | -63195.6% | ||
| Q2 25 | 2.8% | -364386.7% | ||
| Q1 25 | 5.4% | -342657.1% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 1.5% | -1461433.3% | ||
| Q2 24 | 0.2% | -699060.0% | ||
| Q1 24 | 0.3% | -115717.9% |
| Q4 25 | $0.67 | $0.43 | ||
| Q3 25 | $0.30 | $-1.01 | ||
| Q2 25 | $-0.02 | $-0.98 | ||
| Q1 25 | $0.41 | $-0.86 | ||
| Q4 24 | $0.63 | — | ||
| Q3 24 | $0.04 | $-0.79 | ||
| Q2 24 | $-0.06 | $-0.63 | ||
| Q1 24 | $-0.06 | $-0.66 |
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 | $402.7M |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $505.7M |
| Total Assets | $521.4M | $566.7M |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $402.7M | ||
| Q3 25 | $191.3M | $305.1M | ||
| Q2 25 | $174.9M | $293.2M | ||
| Q1 25 | $161.6M | $321.4M | ||
| Q4 24 | $131.9M | $424.9M | ||
| Q3 24 | $135.4M | $501.9M | ||
| Q2 24 | $129.8M | $541.9M | ||
| Q1 24 | $125.3M | $525.9M |
| 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 | $505.7M | ||
| Q3 25 | $279.3M | $369.0M | ||
| Q2 25 | $272.2M | $420.9M | ||
| Q1 25 | $310.0M | $469.7M | ||
| Q4 24 | $303.9M | $510.6M | ||
| Q3 24 | $290.4M | $552.9M | ||
| Q2 24 | $288.7M | $588.3M | ||
| Q1 24 | $288.5M | $600.6M |
| Q4 25 | $521.4M | $566.7M | ||
| Q3 25 | $525.3M | $424.0M | ||
| Q2 25 | $537.4M | $473.6M | ||
| Q1 25 | $578.7M | $515.7M | ||
| Q4 24 | $570.1M | $560.4M | ||
| Q3 24 | $569.6M | $604.0M | ||
| Q2 24 | $560.7M | $620.1M | ||
| Q1 24 | $559.0M | $629.9M |
| 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 | $28.6M |
| Free Cash FlowOCF − Capex | $-15.6M | $28.5M |
| FCF MarginFCF / Revenue | -9.9% | 33.5% |
| Capex IntensityCapex / Revenue | 2.6% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.92× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $-109.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $28.6M | ||
| Q3 25 | $21.7M | $-46.5M | ||
| Q2 25 | $14.8M | $-43.4M | ||
| Q1 25 | $37.0M | $-47.8M | ||
| Q4 24 | $1.6M | $-134.6M | ||
| Q3 24 | $14.1M | $-29.4M | ||
| Q2 24 | $12.5M | $-30.2M | ||
| Q1 24 | $20.7M | $-29.1M |
| Q4 25 | $-15.6M | $28.5M | ||
| Q3 25 | $17.5M | $-46.6M | ||
| Q2 25 | $11.1M | $-43.4M | ||
| Q1 25 | $33.1M | $-48.4M | ||
| Q4 24 | $-1.8M | $-138.4M | ||
| Q3 24 | $7.8M | $-31.2M | ||
| Q2 24 | $7.3M | $-30.6M | ||
| Q1 24 | $14.5M | $-29.8M |
| Q4 25 | -9.9% | 33.5% | ||
| Q3 25 | 10.7% | -51765.6% | ||
| Q2 25 | 6.8% | -289620.0% | ||
| Q1 25 | 20.1% | -345635.7% | ||
| Q4 24 | -1.1% | -13837100.0% | ||
| Q3 24 | 5.1% | -1038966.7% | ||
| Q2 24 | 4.7% | -611840.0% | ||
| Q1 24 | 9.4% | -106421.4% |
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 2.6% | 101.1% | ||
| Q2 25 | 2.3% | 440.0% | ||
| Q1 25 | 2.4% | 4507.1% | ||
| Q4 24 | 2.0% | 378600.0% | ||
| Q3 24 | 4.1% | 59266.7% | ||
| Q2 24 | 3.4% | 6980.0% | ||
| Q1 24 | 4.0% | 2535.7% |
| Q4 25 | -0.92× | 1.47× | ||
| 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% |
FDMT
Segment breakdown not available.
