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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Hippo Holdings Inc. (HIPO). 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 $120.4M, roughly 1.3× Hippo Holdings Inc.). AMERICAN PUBLIC EDUCATION INC runs the higher net margin — 8.0% vs 5.0%, a 3.0% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -3.5%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $-15.6M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% 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.
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
APEI vs HIPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $120.4M |
| Net Profit | $12.6M | $6.0M |
| Gross Margin | 56.4% | — |
| Operating Margin | 12.0% | 5.6% |
| Net Margin | 8.0% | 5.0% |
| Revenue YoY | -3.5% | 18.2% |
| Net Profit YoY | -2.7% | -86.4% |
| EPS (diluted) | $0.67 | $0.31 |
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 | $120.4M | ||
| Q3 25 | $163.2M | $120.6M | ||
| Q2 25 | $162.8M | $117.3M | ||
| Q1 25 | $164.6M | $110.3M | ||
| Q4 24 | $164.1M | $101.9M | ||
| Q3 24 | $153.1M | $95.5M | ||
| Q2 24 | $152.9M | $89.6M | ||
| Q1 24 | $154.4M | $85.1M |
| Q4 25 | $12.6M | $6.0M | ||
| Q3 25 | $5.6M | $98.1M | ||
| Q2 25 | $4.5M | $1.3M | ||
| Q1 25 | $8.9M | $-47.7M | ||
| Q4 24 | $13.0M | $44.2M | ||
| Q3 24 | $2.3M | $-8.5M | ||
| Q2 24 | $371.0K | $-40.5M | ||
| Q1 24 | $516.0K | $-35.7M |
| 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% | 5.6% | ||
| Q3 25 | 5.9% | 81.3% | ||
| Q2 25 | 4.3% | 3.4% | ||
| Q1 25 | 7.4% | -41.3% | ||
| Q4 24 | 13.1% | 46.3% | ||
| Q3 24 | 2.7% | -5.4% | ||
| Q2 24 | 1.5% | -40.7% | ||
| Q1 24 | 3.4% | -38.7% |
| Q4 25 | 8.0% | 5.0% | ||
| Q3 25 | 3.4% | 81.3% | ||
| Q2 25 | 2.8% | 1.1% | ||
| Q1 25 | 5.4% | -43.2% | ||
| Q4 24 | 7.9% | 43.4% | ||
| Q3 24 | 1.5% | -8.9% | ||
| Q2 24 | 0.2% | -45.2% | ||
| Q1 24 | 0.3% | -42.0% |
| Q4 25 | $0.67 | $0.31 | ||
| Q3 25 | $0.30 | $3.77 | ||
| Q2 25 | $-0.02 | $0.05 | ||
| Q1 25 | $0.41 | $-1.91 | ||
| Q4 24 | $0.63 | $1.81 | ||
| Q3 24 | $0.04 | $-0.34 | ||
| Q2 24 | $-0.06 | $-1.64 | ||
| Q1 24 | $-0.06 | $-1.47 |
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 | $218.3M |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $436.1M |
| Total Assets | $521.4M | $1.9B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $218.3M | ||
| Q3 25 | $191.3M | $247.7M | ||
| Q2 25 | $174.9M | $198.9M | ||
| Q1 25 | $161.6M | $140.9M | ||
| Q4 24 | $131.9M | $197.6M | ||
| Q3 24 | $135.4M | $191.2M | ||
| Q2 24 | $129.8M | $175.9M | ||
| Q1 24 | $125.3M | $223.4M |
| 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 | $436.1M | ||
| Q3 25 | $279.3M | $421.5M | ||
| Q2 25 | $272.2M | $332.5M | ||
| Q1 25 | $310.0M | $322.8M | ||
| Q4 24 | $303.9M | $362.1M | ||
| Q3 24 | $290.4M | $326.4M | ||
| Q2 24 | $288.7M | $322.6M | ||
| Q1 24 | $288.5M | $351.2M |
| Q4 25 | $521.4M | $1.9B | ||
| Q3 25 | $525.3M | $1.9B | ||
| Q2 25 | $537.4M | $1.7B | ||
| Q1 25 | $578.7M | $1.5B | ||
| Q4 24 | $570.1M | $1.5B | ||
| Q3 24 | $569.6M | $1.5B | ||
| Q2 24 | $560.7M | $1.5B | ||
| Q1 24 | $559.0M | $1.5B |
| 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 | $9.2M |
| Free Cash FlowOCF − Capex | $-15.6M | $9.1M |
| FCF MarginFCF / Revenue | -9.9% | 7.6% |
| Capex IntensityCapex / Revenue | 2.6% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.92× | 1.53× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $14.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $9.2M | ||
| Q3 25 | $21.7M | $16.9M | ||
| Q2 25 | $14.8M | $24.7M | ||
| Q1 25 | $37.0M | $-35.6M | ||
| Q4 24 | $1.6M | $47.5M | ||
| Q3 24 | $14.1M | $46.8M | ||
| Q2 24 | $12.5M | $-10.6M | ||
| Q1 24 | $20.7M | $17.7M |
| Q4 25 | $-15.6M | $9.1M | ||
| Q3 25 | $17.5M | $16.8M | ||
| Q2 25 | $11.1M | $24.6M | ||
| Q1 25 | $33.1M | $-35.7M | ||
| Q4 24 | $-1.8M | $47.2M | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $7.3M | $-10.7M | ||
| Q1 24 | $14.5M | $17.6M |
| Q4 25 | -9.9% | 7.6% | ||
| Q3 25 | 10.7% | 13.9% | ||
| Q2 25 | 6.8% | 21.0% | ||
| Q1 25 | 20.1% | -32.4% | ||
| Q4 24 | -1.1% | 46.3% | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 4.7% | -11.9% | ||
| Q1 24 | 9.4% | 20.7% |
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 2.6% | 0.1% | ||
| Q2 25 | 2.3% | 0.1% | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | 2.0% | 0.3% | ||
| Q3 24 | 4.1% | 0.0% | ||
| Q2 24 | 3.4% | 0.1% | ||
| Q1 24 | 4.0% | 0.1% |
| Q4 25 | -0.92× | 1.53× | ||
| Q3 25 | 3.90× | 0.17× | ||
| Q2 25 | 3.29× | 19.00× | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | 1.07× | ||
| 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% |
HIPO
Segment breakdown not available.
