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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and AMICUS THERAPEUTICS, INC. (FOLD). Click either name above to swap in a different company.
AMICUS THERAPEUTICS, INC. is the larger business by last-quarter revenue ($185.2M vs $158.3M, roughly 1.2× AMERICAN PUBLIC EDUCATION INC). AMERICAN PUBLIC EDUCATION INC runs the higher net margin — 8.0% vs 0.9%, a 7.1% gap on every dollar of revenue. On growth, AMICUS THERAPEUTICS, INC. posted the faster year-over-year revenue change (23.7% vs -3.5%). AMICUS THERAPEUTICS, INC. produced more free cash flow last quarter ($16.0M vs $-15.6M). Over the past eight quarters, AMICUS THERAPEUTICS, INC.'s revenue compounded faster (29.5% 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.
Amicus Therapeutics, Inc. is a public American biopharmaceutical company based in Philadelphia, Pennsylvania. The company went public in 2007 under the Nasdaq trading symbol FOLD. This followed a 2006 planned offering and subsequent withdrawal, which would have established the trading symbol as AMTX Prior to their IPO, Amicus was funded by a variety of venture capital firms including Radius Ventures, Canaan Partners and New Enterprise Associates.
APEI vs FOLD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $185.2M |
| Net Profit | $12.6M | $1.7M |
| Gross Margin | 56.4% | 85.7% |
| Operating Margin | 12.0% | 8.6% |
| Net Margin | 8.0% | 0.9% |
| Revenue YoY | -3.5% | 23.7% |
| Net Profit YoY | -2.7% | -88.5% |
| EPS (diluted) | $0.67 | $0.00 |
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 | $185.2M | ||
| Q3 25 | $163.2M | $169.1M | ||
| Q2 25 | $162.8M | $154.7M | ||
| Q1 25 | $164.6M | $125.2M | ||
| Q4 24 | $164.1M | $149.7M | ||
| Q3 24 | $153.1M | $141.5M | ||
| Q2 24 | $152.9M | $126.7M | ||
| Q1 24 | $154.4M | $110.4M |
| Q4 25 | $12.6M | $1.7M | ||
| Q3 25 | $5.6M | $17.3M | ||
| Q2 25 | $4.5M | $-24.4M | ||
| Q1 25 | $8.9M | $-21.7M | ||
| Q4 24 | $13.0M | $14.7M | ||
| Q3 24 | $2.3M | $-6.7M | ||
| Q2 24 | $371.0K | $-15.7M | ||
| Q1 24 | $516.0K | $-48.4M |
| Q4 25 | 56.4% | 85.7% | ||
| Q3 25 | 54.2% | 88.5% | ||
| Q2 25 | 51.8% | 90.2% | ||
| Q1 25 | 54.5% | 90.7% | ||
| Q4 24 | 56.3% | 90.1% | ||
| Q3 24 | 50.8% | 90.6% | ||
| Q2 24 | 50.2% | 91.1% | ||
| Q1 24 | 53.1% | 87.7% |
| Q4 25 | 12.0% | 8.6% | ||
| Q3 25 | 5.9% | 20.3% | ||
| Q2 25 | 4.3% | -6.1% | ||
| Q1 25 | 7.4% | -6.3% | ||
| Q4 24 | 13.1% | 10.7% | ||
| Q3 24 | 2.7% | 15.3% | ||
| Q2 24 | 1.5% | 11.8% | ||
| Q1 24 | 3.4% | -25.1% |
| Q4 25 | 8.0% | 0.9% | ||
| Q3 25 | 3.4% | 10.2% | ||
| Q2 25 | 2.8% | -15.8% | ||
| Q1 25 | 5.4% | -17.3% | ||
| Q4 24 | 7.9% | 9.8% | ||
| Q3 24 | 1.5% | -4.8% | ||
| Q2 24 | 0.2% | -12.4% | ||
| Q1 24 | 0.3% | -43.9% |
| Q4 25 | $0.67 | $0.00 | ||
| Q3 25 | $0.30 | $0.06 | ||
| Q2 25 | $-0.02 | $-0.08 | ||
| Q1 25 | $0.41 | $-0.07 | ||
| Q4 24 | $0.63 | $0.05 | ||
| Q3 24 | $0.04 | $-0.02 | ||
| Q2 24 | $-0.06 | $-0.05 | ||
| Q1 24 | $-0.06 | $-0.16 |
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 | $293.5M |
| Total DebtLower is stronger | $94.7M | $392.7M |
| Stockholders' EquityBook value | $294.8M | $274.2M |
| Total Assets | $521.4M | $949.9M |
| Debt / EquityLower = less leverage | 0.32× | 1.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $293.5M | ||
| Q3 25 | $191.3M | $263.8M | ||
| Q2 25 | $174.9M | $231.0M | ||
| Q1 25 | $161.6M | $250.6M | ||
| Q4 24 | $131.9M | $249.9M | ||
| Q3 24 | $135.4M | $249.8M | ||
| Q2 24 | $129.8M | $260.1M | ||
| Q1 24 | $125.3M | $239.6M |
| Q4 25 | $94.7M | $392.7M | ||
| Q3 25 | $94.4M | $392.0M | ||
| Q2 25 | $94.1M | $391.3M | ||
| Q1 25 | $93.7M | $390.7M | ||
| Q4 24 | $93.4M | $390.1M | ||
| Q3 24 | $93.1M | $389.5M | ||
| Q2 24 | $92.8M | $388.9M | ||
| Q1 24 | $95.0M | $388.4M |
| Q4 25 | $294.8M | $274.2M | ||
| Q3 25 | $279.3M | $230.4M | ||
| Q2 25 | $272.2M | $204.3M | ||
| Q1 25 | $310.0M | $193.6M | ||
| Q4 24 | $303.9M | $194.0M | ||
| Q3 24 | $290.4M | $178.8M | ||
| Q2 24 | $288.7M | $132.5M | ||
| Q1 24 | $288.5M | $130.7M |
| Q4 25 | $521.4M | $949.9M | ||
| Q3 25 | $525.3M | $868.8M | ||
| Q2 25 | $537.4M | $815.3M | ||
| Q1 25 | $578.7M | $789.8M | ||
| Q4 24 | $570.1M | $785.0M | ||
| Q3 24 | $569.6M | $786.6M | ||
| Q2 24 | $560.7M | $749.5M | ||
| Q1 24 | $559.0M | $721.8M |
| Q4 25 | 0.32× | 1.43× | ||
| Q3 25 | 0.34× | 1.70× | ||
| Q2 25 | 0.35× | 1.92× | ||
| Q1 25 | 0.30× | 2.02× | ||
| Q4 24 | 0.31× | 2.01× | ||
| Q3 24 | 0.32× | 2.18× | ||
| Q2 24 | 0.32× | 2.93× | ||
| Q1 24 | 0.33× | 2.97× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $-15.6M | $16.0M |
| FCF MarginFCF / Revenue | -9.9% | 8.6% |
| Capex IntensityCapex / Revenue | 2.6% | 0.2% |
| Cash ConversionOCF / Net Profit | -0.92× | 9.62× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $29.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $16.3M | ||
| Q3 25 | $21.7M | $35.7M | ||
| Q2 25 | $14.8M | $-26.5M | ||
| Q1 25 | $37.0M | $7.8M | ||
| Q4 24 | $1.6M | $-3.9M | ||
| Q3 24 | $14.1M | $-23.0M | ||
| Q2 24 | $12.5M | $22.7M | ||
| Q1 24 | $20.7M | $-29.7M |
| Q4 25 | $-15.6M | $16.0M | ||
| Q3 25 | $17.5M | $35.3M | ||
| Q2 25 | $11.1M | $-28.9M | ||
| Q1 25 | $33.1M | $7.5M | ||
| Q4 24 | $-1.8M | $-4.2M | ||
| Q3 24 | $7.8M | $-23.3M | ||
| Q2 24 | $7.3M | $21.6M | ||
| Q1 24 | $14.5M | $-31.5M |
| Q4 25 | -9.9% | 8.6% | ||
| Q3 25 | 10.7% | 20.9% | ||
| Q2 25 | 6.8% | -18.7% | ||
| Q1 25 | 20.1% | 6.0% | ||
| Q4 24 | -1.1% | -2.8% | ||
| Q3 24 | 5.1% | -16.5% | ||
| Q2 24 | 4.7% | 17.0% | ||
| Q1 24 | 9.4% | -28.5% |
| Q4 25 | 2.6% | 0.2% | ||
| Q3 25 | 2.6% | 0.2% | ||
| Q2 25 | 2.3% | 1.6% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 2.0% | 0.2% | ||
| Q3 24 | 4.1% | 0.3% | ||
| Q2 24 | 3.4% | 0.9% | ||
| Q1 24 | 4.0% | 1.6% |
| Q4 25 | -0.92× | 9.62× | ||
| Q3 25 | 3.90× | 2.06× | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | -0.27× | ||
| 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% |
FOLD
| Other | $105.8M | 57% |
| Galafold | $64.8M | 35% |
| Pombiliti Opfolda | $14.6M | 8% |
