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

Getty Images Holdings, Inc. is the larger business by last-quarter revenue ($282.3M vs $158.3M, roughly 1.8× AMERICAN PUBLIC EDUCATION INC). AMERICAN PUBLIC EDUCATION INC runs the higher net margin — 8.0% vs -32.2%, a 40.2% gap on every dollar of revenue. On growth, Getty Images Holdings, Inc. posted the faster year-over-year revenue change (14.1% vs -3.5%). Getty Images Holdings, Inc. produced more free cash flow last quarter ($7.7M vs $-15.6M). Over the past eight quarters, Getty Images Holdings, Inc.'s revenue compounded faster (12.7% 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.

Getty Images Holdings, Inc. is a visual media company and supplier of stock images, editorial photography, video, and music for businesses and consumers, with a library of over 477 million assets. It targets three markets—creative professionals, the media, and corporate.

APEI vs GETY — Head-to-Head

Bigger by revenue
GETY
GETY
1.8× larger
GETY
$282.3M
$158.3M
APEI
Growing faster (revenue YoY)
GETY
GETY
+17.7% gap
GETY
14.1%
-3.5%
APEI
Higher net margin
APEI
APEI
40.2% more per $
APEI
8.0%
-32.2%
GETY
More free cash flow
GETY
GETY
$23.3M more FCF
GETY
$7.7M
$-15.6M
APEI
Faster 2-yr revenue CAGR
GETY
GETY
Annualised
GETY
12.7%
1.3%
APEI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APEI
APEI
GETY
GETY
Revenue
$158.3M
$282.3M
Net Profit
$12.6M
$-90.9M
Gross Margin
56.4%
74.8%
Operating Margin
12.0%
-8.5%
Net Margin
8.0%
-32.2%
Revenue YoY
-3.5%
14.1%
Net Profit YoY
-2.7%
-467.6%
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
GETY
GETY
Q4 25
$158.3M
$282.3M
Q3 25
$163.2M
$240.0M
Q2 25
$162.8M
$234.9M
Q1 25
$164.6M
$224.1M
Q4 24
$164.1M
$247.3M
Q3 24
$153.1M
$240.5M
Q2 24
$152.9M
$229.1M
Q1 24
$154.4M
$222.3M
Net Profit
APEI
APEI
GETY
GETY
Q4 25
$12.6M
$-90.9M
Q3 25
$5.6M
$21.6M
Q2 25
$4.5M
$-34.4M
Q1 25
$8.9M
$-102.6M
Q4 24
$13.0M
$24.7M
Q3 24
$2.3M
$-2.5M
Q2 24
$371.0K
$3.7M
Q1 24
$516.0K
$13.6M
Gross Margin
APEI
APEI
GETY
GETY
Q4 25
56.4%
74.8%
Q3 25
54.2%
73.2%
Q2 25
51.8%
72.1%
Q1 25
54.5%
73.1%
Q4 24
56.3%
73.5%
Q3 24
50.8%
73.4%
Q2 24
50.2%
72.5%
Q1 24
53.1%
72.9%
Operating Margin
APEI
APEI
GETY
GETY
Q4 25
12.0%
-8.5%
Q3 25
5.9%
18.8%
Q2 25
4.3%
15.1%
Q1 25
7.4%
12.2%
Q4 24
13.1%
14.5%
Q3 24
2.7%
23.9%
Q2 24
1.5%
20.3%
Q1 24
3.4%
18.5%
Net Margin
APEI
APEI
GETY
GETY
Q4 25
8.0%
-32.2%
Q3 25
3.4%
9.0%
Q2 25
2.8%
-14.6%
Q1 25
5.4%
-45.8%
Q4 24
7.9%
10.0%
Q3 24
1.5%
-1.1%
Q2 24
0.2%
1.6%
Q1 24
0.3%
6.1%
EPS (diluted)
APEI
APEI
GETY
GETY
Q4 25
$0.67
$-0.22
Q3 25
$0.30
$0.05
Q2 25
$-0.02
$-0.08
Q1 25
$0.41
$-0.25
Q4 24
$0.63
$0.07
Q3 24
$0.04
$-0.01
Q2 24
$-0.06
$0.01
Q1 24
$-0.06
$0.03

Balance Sheet & Financial Strength

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

Metric
APEI
APEI
GETY
GETY
Cash + ST InvestmentsLiquidity on hand
$174.1M
$90.2M
Total DebtLower is stronger
$94.7M
$1.3B
Stockholders' EquityBook value
$294.8M
$552.5M
Total Assets
$521.4M
$3.2B
Debt / EquityLower = less leverage
0.32×
2.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APEI
APEI
GETY
GETY
Q4 25
$174.1M
$90.2M
Q3 25
$191.3M
$109.5M
Q2 25
$174.9M
$110.3M
Q1 25
$161.6M
$114.6M
Q4 24
$131.9M
$121.2M
Q3 24
$135.4M
$109.9M
Q2 24
$129.8M
$121.7M
Q1 24
$125.3M
$134.2M
Total Debt
APEI
APEI
GETY
GETY
Q4 25
$94.7M
$1.3B
Q3 25
$94.4M
$1.3B
Q2 25
$94.1M
$1.3B
Q1 25
$93.7M
$1.3B
Q4 24
$93.4M
$1.3B
Q3 24
$93.1M
$1.3B
Q2 24
$92.8M
$1.3B
Q1 24
$95.0M
$1.4B
Stockholders' Equity
APEI
APEI
GETY
GETY
Q4 25
$294.8M
$552.5M
Q3 25
$279.3M
$634.6M
Q2 25
$272.2M
$611.2M
Q1 25
$310.0M
$593.0M
Q4 24
$303.9M
$670.2M
Q3 24
$290.4M
$683.4M
Q2 24
$288.7M
$654.0M
Q1 24
$288.5M
$640.8M
Total Assets
APEI
APEI
GETY
GETY
Q4 25
$521.4M
$3.2B
Q3 25
$525.3M
$2.6B
Q2 25
$537.4M
$2.6B
Q1 25
$578.7M
$2.6B
Q4 24
$570.1M
$2.6B
Q3 24
$569.6M
$2.6B
Q2 24
$560.7M
$2.6B
Q1 24
$559.0M
$2.6B
Debt / Equity
APEI
APEI
GETY
GETY
Q4 25
0.32×
2.30×
Q3 25
0.34×
2.11×
Q2 25
0.35×
2.19×
Q1 25
0.30×
2.21×
Q4 24
0.31×
1.96×
Q3 24
0.32×
1.97×
Q2 24
0.32×
2.06×
Q1 24
0.33×
2.16×

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
GETY
GETY
Operating Cash FlowLast quarter
$-11.6M
$20.6M
Free Cash FlowOCF − Capex
$-15.6M
$7.7M
FCF MarginFCF / Revenue
-9.9%
2.7%
Capex IntensityCapex / Revenue
2.6%
4.6%
Cash ConversionOCF / Net Profit
-0.92×
TTM Free Cash FlowTrailing 4 quarters
$46.1M
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APEI
APEI
GETY
GETY
Q4 25
$-11.6M
$20.6M
Q3 25
$21.7M
$22.6M
Q2 25
$14.8M
$6.5M
Q1 25
$37.0M
$15.4M
Q4 24
$1.6M
$39.7M
Q3 24
$14.1M
$10.7M
Q2 24
$12.5M
$46.4M
Q1 24
$20.7M
$21.5M
Free Cash Flow
APEI
APEI
GETY
GETY
Q4 25
$-15.6M
$7.7M
Q3 25
$17.5M
$7.9M
Q2 25
$11.1M
$-9.6M
Q1 25
$33.1M
$-322.0K
Q4 24
$-1.8M
$24.6M
Q3 24
$7.8M
$-1.8M
Q2 24
$7.3M
$31.1M
Q1 24
$14.5M
$7.1M
FCF Margin
APEI
APEI
GETY
GETY
Q4 25
-9.9%
2.7%
Q3 25
10.7%
3.3%
Q2 25
6.8%
-4.1%
Q1 25
20.1%
-0.1%
Q4 24
-1.1%
9.9%
Q3 24
5.1%
-0.8%
Q2 24
4.7%
13.6%
Q1 24
9.4%
3.2%
Capex Intensity
APEI
APEI
GETY
GETY
Q4 25
2.6%
4.6%
Q3 25
2.6%
6.1%
Q2 25
2.3%
6.9%
Q1 25
2.4%
7.0%
Q4 24
2.0%
6.1%
Q3 24
4.1%
5.2%
Q2 24
3.4%
6.7%
Q1 24
4.0%
6.5%
Cash Conversion
APEI
APEI
GETY
GETY
Q4 25
-0.92×
Q3 25
3.90×
1.05×
Q2 25
3.29×
Q1 25
4.16×
Q4 24
0.12×
1.61×
Q3 24
6.22×
Q2 24
33.57×
12.59×
Q1 24
40.20×
1.58×

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%

GETY
GETY

Creative$149.0M53%
Editorial$109.4M39%
Other$23.9M8%

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