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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Five9, Inc. (FIVN). Click either name above to swap in a different company.

Five9, Inc. is the larger business by last-quarter revenue ($300.3M vs $158.3M, roughly 1.9× AMERICAN PUBLIC EDUCATION INC). On growth, Five9, Inc. posted the faster year-over-year revenue change (7.8% vs -3.5%). Five9, Inc. produced more free cash flow last quarter ($77.3M vs $-15.6M). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% 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.

Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.

APEI vs FIVN — Head-to-Head

Bigger by revenue
FIVN
FIVN
1.9× larger
FIVN
$300.3M
$158.3M
APEI
Growing faster (revenue YoY)
FIVN
FIVN
+11.3% gap
FIVN
7.8%
-3.5%
APEI
More free cash flow
FIVN
FIVN
$92.9M more FCF
FIVN
$77.3M
$-15.6M
APEI
Faster 2-yr revenue CAGR
FIVN
FIVN
Annualised
FIVN
10.3%
1.3%
APEI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APEI
APEI
FIVN
FIVN
Revenue
$158.3M
$300.3M
Net Profit
$12.6M
Gross Margin
56.4%
55.4%
Operating Margin
12.0%
6.6%
Net Margin
8.0%
Revenue YoY
-3.5%
7.8%
Net Profit YoY
-2.7%
EPS (diluted)
$0.67
$0.22

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
FIVN
FIVN
Q4 25
$158.3M
$300.3M
Q3 25
$163.2M
$285.8M
Q2 25
$162.8M
$283.3M
Q1 25
$164.6M
$279.7M
Q4 24
$164.1M
$278.7M
Q3 24
$153.1M
$264.2M
Q2 24
$152.9M
$252.1M
Q1 24
$154.4M
$247.0M
Net Profit
APEI
APEI
FIVN
FIVN
Q4 25
$12.6M
Q3 25
$5.6M
$18.0M
Q2 25
$4.5M
$1.2M
Q1 25
$8.9M
$576.0K
Q4 24
$13.0M
Q3 24
$2.3M
$-4.5M
Q2 24
$371.0K
$-12.8M
Q1 24
$516.0K
$-7.1M
Gross Margin
APEI
APEI
FIVN
FIVN
Q4 25
56.4%
55.4%
Q3 25
54.2%
55.0%
Q2 25
51.8%
54.9%
Q1 25
54.5%
55.0%
Q4 24
56.3%
56.0%
Q3 24
50.8%
53.8%
Q2 24
50.2%
53.0%
Q1 24
53.1%
53.6%
Operating Margin
APEI
APEI
FIVN
FIVN
Q4 25
12.0%
6.6%
Q3 25
5.9%
5.6%
Q2 25
4.3%
-0.6%
Q1 25
7.4%
-1.9%
Q4 24
13.1%
1.5%
Q3 24
2.7%
-5.8%
Q2 24
1.5%
-7.7%
Q1 24
3.4%
-8.4%
Net Margin
APEI
APEI
FIVN
FIVN
Q4 25
8.0%
Q3 25
3.4%
6.3%
Q2 25
2.8%
0.4%
Q1 25
5.4%
0.2%
Q4 24
7.9%
Q3 24
1.5%
-1.7%
Q2 24
0.2%
-5.1%
Q1 24
0.3%
-2.9%
EPS (diluted)
APEI
APEI
FIVN
FIVN
Q4 25
$0.67
$0.22
Q3 25
$0.30
$0.21
Q2 25
$-0.02
$0.01
Q1 25
$0.41
$0.01
Q4 24
$0.63
$0.16
Q3 24
$0.04
$-0.06
Q2 24
$-0.06
$-0.17
Q1 24
$-0.06
$-0.10

Balance Sheet & Financial Strength

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

Metric
APEI
APEI
FIVN
FIVN
Cash + ST InvestmentsLiquidity on hand
$174.1M
$232.1M
Total DebtLower is stronger
$94.7M
Stockholders' EquityBook value
$294.8M
$785.8M
Total Assets
$521.4M
$1.8B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APEI
APEI
FIVN
FIVN
Q4 25
$174.1M
$232.1M
Q3 25
$191.3M
$193.4M
Q2 25
$174.9M
$205.5M
Q1 25
$161.6M
$370.3M
Q4 24
$131.9M
$362.5M
Q3 24
$135.4M
$291.0M
Q2 24
$129.8M
$175.7M
Q1 24
$125.3M
$240.2M
Total Debt
APEI
APEI
FIVN
FIVN
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
Stockholders' Equity
APEI
APEI
FIVN
FIVN
Q4 25
$294.8M
$785.8M
Q3 25
$279.3M
$775.3M
Q2 25
$272.2M
$717.4M
Q1 25
$310.0M
$664.3M
Q4 24
$303.9M
$622.2M
Q3 24
$290.4M
$565.6M
Q2 24
$288.7M
$525.9M
Q1 24
$288.5M
$483.6M
Total Assets
APEI
APEI
FIVN
FIVN
Q4 25
$521.4M
$1.8B
Q3 25
$525.3M
$1.8B
Q2 25
$537.4M
$1.7B
Q1 25
$578.7M
$2.1B
Q4 24
$570.1M
$2.1B
Q3 24
$569.6M
$2.0B
Q2 24
$560.7M
$1.9B
Q1 24
$559.0M
$1.9B
Debt / Equity
APEI
APEI
FIVN
FIVN
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
APEI
APEI
FIVN
FIVN
Operating Cash FlowLast quarter
$-11.6M
$83.6M
Free Cash FlowOCF − Capex
$-15.6M
$77.3M
FCF MarginFCF / Revenue
-9.9%
25.8%
Capex IntensityCapex / Revenue
2.6%
2.1%
Cash ConversionOCF / Net Profit
-0.92×
TTM Free Cash FlowTrailing 4 quarters
$46.1M
$201.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APEI
APEI
FIVN
FIVN
Q4 25
$-11.6M
$83.6M
Q3 25
$21.7M
$59.2M
Q2 25
$14.8M
$35.1M
Q1 25
$37.0M
$48.4M
Q4 24
$1.6M
$49.8M
Q3 24
$14.1M
$41.1M
Q2 24
$12.5M
$19.9M
Q1 24
$20.7M
$32.4M
Free Cash Flow
APEI
APEI
FIVN
FIVN
Q4 25
$-15.6M
$77.3M
Q3 25
$17.5M
$48.7M
Q2 25
$11.1M
$31.6M
Q1 25
$33.1M
$43.7M
Q4 24
$-1.8M
$40.5M
Q3 24
$7.8M
$26.7M
Q2 24
$7.3M
$13.1M
Q1 24
$14.5M
$20.4M
FCF Margin
APEI
APEI
FIVN
FIVN
Q4 25
-9.9%
25.8%
Q3 25
10.7%
17.0%
Q2 25
6.8%
11.1%
Q1 25
20.1%
15.6%
Q4 24
-1.1%
14.5%
Q3 24
5.1%
10.1%
Q2 24
4.7%
5.2%
Q1 24
9.4%
8.3%
Capex Intensity
APEI
APEI
FIVN
FIVN
Q4 25
2.6%
2.1%
Q3 25
2.6%
3.7%
Q2 25
2.3%
1.2%
Q1 25
2.4%
1.7%
Q4 24
2.0%
3.3%
Q3 24
4.1%
5.4%
Q2 24
3.4%
2.7%
Q1 24
4.0%
4.8%
Cash Conversion
APEI
APEI
FIVN
FIVN
Q4 25
-0.92×
Q3 25
3.90×
3.29×
Q2 25
3.29×
30.38×
Q1 25
4.16×
84.00×
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%

FIVN
FIVN

Segment breakdown not available.

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