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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and GORMAN RUPP CO (GRC). Click either name above to swap in a different company.

GORMAN RUPP CO is the larger business by last-quarter revenue ($166.6M vs $158.3M, roughly 1.1× AMERICAN PUBLIC EDUCATION INC). GORMAN RUPP CO runs the higher net margin — 8.3% vs 8.0%, a 0.3% gap on every dollar of revenue. On growth, GORMAN RUPP CO posted the faster year-over-year revenue change (2.4% vs -3.5%). GORMAN RUPP CO produced more free cash flow last quarter ($10.2M vs $-15.6M). Over the past eight quarters, GORMAN RUPP CO's revenue compounded faster (2.3% 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.

Gorman-Rupp is a pump manufacturer in Mansfield, Ohio. It manufactures pumps for municipal, water, wastewater, sewage, industrial, construction, petroleum, fire, and OEM markets. The company is traded on the New York Stock Exchange. Its current CEO is Scott King.

APEI vs GRC — Head-to-Head

Bigger by revenue
GRC
GRC
1.1× larger
GRC
$166.6M
$158.3M
APEI
Growing faster (revenue YoY)
GRC
GRC
+5.9% gap
GRC
2.4%
-3.5%
APEI
Higher net margin
GRC
GRC
0.3% more per $
GRC
8.3%
8.0%
APEI
More free cash flow
GRC
GRC
$25.8M more FCF
GRC
$10.2M
$-15.6M
APEI
Faster 2-yr revenue CAGR
GRC
GRC
Annualised
GRC
2.3%
1.3%
APEI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APEI
APEI
GRC
GRC
Revenue
$158.3M
$166.6M
Net Profit
$12.6M
$13.7M
Gross Margin
56.4%
31.4%
Operating Margin
12.0%
14.9%
Net Margin
8.0%
8.3%
Revenue YoY
-3.5%
2.4%
Net Profit YoY
-2.7%
25.2%
EPS (diluted)
$0.67
$0.53

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
GRC
GRC
Q4 25
$158.3M
$166.6M
Q3 25
$163.2M
$172.8M
Q2 25
$162.8M
$179.0M
Q1 25
$164.6M
$163.9M
Q4 24
$164.1M
$162.7M
Q3 24
$153.1M
$168.2M
Q2 24
$152.9M
$169.5M
Q1 24
$154.4M
$159.3M
Net Profit
APEI
APEI
GRC
GRC
Q4 25
$12.6M
$13.7M
Q3 25
$5.6M
$11.3M
Q2 25
$4.5M
$15.8M
Q1 25
$8.9M
$12.1M
Q4 24
$13.0M
$11.0M
Q3 24
$2.3M
$12.9M
Q2 24
$371.0K
$8.3M
Q1 24
$516.0K
$7.9M
Gross Margin
APEI
APEI
GRC
GRC
Q4 25
56.4%
31.4%
Q3 25
54.2%
29.2%
Q2 25
51.8%
31.3%
Q1 25
54.5%
30.7%
Q4 24
56.3%
30.2%
Q3 24
50.8%
31.3%
Q2 24
50.2%
31.9%
Q1 24
53.1%
30.4%
Operating Margin
APEI
APEI
GRC
GRC
Q4 25
12.0%
14.9%
Q3 25
5.9%
12.4%
Q2 25
4.3%
15.0%
Q1 25
7.4%
13.5%
Q4 24
13.1%
13.0%
Q3 24
2.7%
14.2%
Q2 24
1.5%
15.4%
Q1 24
3.4%
12.8%
Net Margin
APEI
APEI
GRC
GRC
Q4 25
8.0%
8.3%
Q3 25
3.4%
6.6%
Q2 25
2.8%
8.8%
Q1 25
5.4%
7.4%
Q4 24
7.9%
6.7%
Q3 24
1.5%
7.7%
Q2 24
0.2%
4.9%
Q1 24
0.3%
5.0%
EPS (diluted)
APEI
APEI
GRC
GRC
Q4 25
$0.67
$0.53
Q3 25
$0.30
$0.43
Q2 25
$-0.02
$0.60
Q1 25
$0.41
$0.46
Q4 24
$0.63
$0.42
Q3 24
$0.04
$0.49
Q2 24
$-0.06
$0.32
Q1 24
$-0.06
$0.30

Balance Sheet & Financial Strength

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

Metric
APEI
APEI
GRC
GRC
Cash + ST InvestmentsLiquidity on hand
$174.1M
$35.1M
Total DebtLower is stronger
$94.7M
$307.5M
Stockholders' EquityBook value
$294.8M
$414.7M
Total Assets
$521.4M
$860.1M
Debt / EquityLower = less leverage
0.32×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APEI
APEI
GRC
GRC
Q4 25
$174.1M
$35.1M
Q3 25
$191.3M
$42.9M
Q2 25
$174.9M
$27.0M
Q1 25
$161.6M
$21.8M
Q4 24
$131.9M
$24.2M
Q3 24
$135.4M
$39.7M
Q2 24
$129.8M
$34.2M
Q1 24
$125.3M
$27.8M
Total Debt
APEI
APEI
GRC
GRC
Q4 25
$94.7M
$307.5M
Q3 25
$94.4M
$322.3M
Q2 25
$94.1M
$337.1M
Q1 25
$93.7M
$352.2M
Q4 24
$93.4M
$366.6M
Q3 24
$93.1M
$381.0M
Q2 24
$92.8M
$395.4M
Q1 24
$95.0M
$400.7M
Stockholders' Equity
APEI
APEI
GRC
GRC
Q4 25
$294.8M
$414.7M
Q3 25
$279.3M
$405.2M
Q2 25
$272.2M
$397.8M
Q1 25
$310.0M
$382.1M
Q4 24
$303.9M
$373.8M
Q3 24
$290.4M
$367.3M
Q2 24
$288.7M
$358.6M
Q1 24
$288.5M
$353.7M
Total Assets
APEI
APEI
GRC
GRC
Q4 25
$521.4M
$860.1M
Q3 25
$525.3M
$869.9M
Q2 25
$537.4M
$861.8M
Q1 25
$578.7M
$857.8M
Q4 24
$570.1M
$858.5M
Q3 24
$569.6M
$883.5M
Q2 24
$560.7M
$891.1M
Q1 24
$559.0M
$887.4M
Debt / Equity
APEI
APEI
GRC
GRC
Q4 25
0.32×
0.74×
Q3 25
0.34×
0.80×
Q2 25
0.35×
0.85×
Q1 25
0.30×
0.92×
Q4 24
0.31×
0.98×
Q3 24
0.32×
1.04×
Q2 24
0.32×
1.10×
Q1 24
0.33×
1.13×

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
GRC
GRC
Operating Cash FlowLast quarter
$-11.6M
$15.0M
Free Cash FlowOCF − Capex
$-15.6M
$10.2M
FCF MarginFCF / Revenue
-9.9%
6.1%
Capex IntensityCapex / Revenue
2.6%
2.9%
Cash ConversionOCF / Net Profit
-0.92×
1.09×
TTM Free Cash FlowTrailing 4 quarters
$46.1M
$88.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APEI
APEI
GRC
GRC
Q4 25
$-11.6M
$15.0M
Q3 25
$21.7M
$42.3M
Q2 25
$14.8M
$27.8M
Q1 25
$37.0M
$21.1M
Q4 24
$1.6M
$9.3M
Q3 24
$14.1M
$27.2M
Q2 24
$12.5M
$22.7M
Q1 24
$20.7M
$10.7M
Free Cash Flow
APEI
APEI
GRC
GRC
Q4 25
$-15.6M
$10.2M
Q3 25
$17.5M
$35.8M
Q2 25
$11.1M
$24.8M
Q1 25
$33.1M
$18.1M
Q4 24
$-1.8M
$5.2M
Q3 24
$7.8M
$24.0M
Q2 24
$7.3M
$19.4M
Q1 24
$14.5M
$6.8M
FCF Margin
APEI
APEI
GRC
GRC
Q4 25
-9.9%
6.1%
Q3 25
10.7%
20.7%
Q2 25
6.8%
13.9%
Q1 25
20.1%
11.0%
Q4 24
-1.1%
3.2%
Q3 24
5.1%
14.3%
Q2 24
4.7%
11.5%
Q1 24
9.4%
4.3%
Capex Intensity
APEI
APEI
GRC
GRC
Q4 25
2.6%
2.9%
Q3 25
2.6%
3.8%
Q2 25
2.3%
1.7%
Q1 25
2.4%
1.8%
Q4 24
2.0%
2.5%
Q3 24
4.1%
1.9%
Q2 24
3.4%
1.9%
Q1 24
4.0%
2.5%
Cash Conversion
APEI
APEI
GRC
GRC
Q4 25
-0.92×
1.09×
Q3 25
3.90×
3.73×
Q2 25
3.29×
1.76×
Q1 25
4.16×
1.74×
Q4 24
0.12×
0.84×
Q3 24
6.22×
2.10×
Q2 24
33.57×
2.72×
Q1 24
40.20×
1.36×

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%

GRC
GRC

Industrial$34.7M21%
Fire Market$31.4M19%
Municipal$25.3M15%
Agriculture$22.5M14%
Repair Parts$18.9M11%
Construction$17.3M10%
Original Equipment Manufacturer$10.8M7%
Petroleum$5.6M3%

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