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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Loar Holdings Inc. (LOAR). 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 $131.8M, roughly 1.2× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs 8.0%, a 1.5% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs -3.5%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.
APEI vs LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $131.8M |
| Net Profit | $12.6M | $12.5M |
| Gross Margin | 56.4% | 52.1% |
| Operating Margin | 12.0% | 18.0% |
| Net Margin | 8.0% | 9.5% |
| Revenue YoY | -3.5% | 19.3% |
| Net Profit YoY | -2.7% | 239.5% |
| EPS (diluted) | $0.67 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $163.2M | $126.8M | ||
| Q2 25 | $162.8M | $123.1M | ||
| Q1 25 | $164.6M | $114.7M | ||
| Q4 24 | $164.1M | $110.4M | ||
| Q3 24 | $153.1M | $103.5M | ||
| Q2 24 | $152.9M | $97.0M | ||
| Q1 24 | $154.4M | $91.8M |
| Q4 25 | $12.6M | $12.5M | ||
| Q3 25 | $5.6M | $27.6M | ||
| Q2 25 | $4.5M | $16.7M | ||
| Q1 25 | $8.9M | $15.3M | ||
| Q4 24 | $13.0M | $3.7M | ||
| Q3 24 | $2.3M | $8.7M | ||
| Q2 24 | $371.0K | $7.6M | ||
| Q1 24 | $516.0K | $2.2M |
| Q4 25 | 56.4% | 52.1% | ||
| Q3 25 | 54.2% | 52.7% | ||
| Q2 25 | 51.8% | 53.8% | ||
| Q1 25 | 54.5% | 52.1% | ||
| Q4 24 | 56.3% | 48.9% | ||
| Q3 24 | 50.8% | 51.1% | ||
| Q2 24 | 50.2% | 49.0% | ||
| Q1 24 | 53.1% | 48.4% |
| Q4 25 | 12.0% | 18.0% | ||
| Q3 25 | 5.9% | 22.9% | ||
| Q2 25 | 4.3% | 22.2% | ||
| Q1 25 | 7.4% | 22.8% | ||
| Q4 24 | 13.1% | 19.2% | ||
| Q3 24 | 2.7% | 22.1% | ||
| Q2 24 | 1.5% | 22.9% | ||
| Q1 24 | 3.4% | 23.3% |
| Q4 25 | 8.0% | 9.5% | ||
| Q3 25 | 3.4% | 21.8% | ||
| Q2 25 | 2.8% | 13.6% | ||
| Q1 25 | 5.4% | 13.4% | ||
| Q4 24 | 7.9% | 3.3% | ||
| Q3 24 | 1.5% | 8.4% | ||
| Q2 24 | 0.2% | 7.9% | ||
| Q1 24 | 0.3% | 2.4% |
| Q4 25 | $0.67 | $0.13 | ||
| Q3 25 | $0.30 | $0.29 | ||
| Q2 25 | $-0.02 | $0.17 | ||
| Q1 25 | $0.41 | $0.16 | ||
| Q4 24 | $0.63 | $-11023.48 | ||
| Q3 24 | $0.04 | $0.09 | ||
| Q2 24 | $-0.06 | $0.09 | ||
| Q1 24 | $-0.06 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | $94.7M | $715.7M |
| Stockholders' EquityBook value | $294.8M | $1.2B |
| Total Assets | $521.4M | $2.0B |
| Debt / EquityLower = less leverage | 0.32× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $84.8M | ||
| Q3 25 | $191.3M | $99.0M | ||
| Q2 25 | $174.9M | $103.3M | ||
| Q1 25 | $161.6M | $80.5M | ||
| Q4 24 | $131.9M | $54.1M | ||
| Q3 24 | $135.4M | $55.2M | ||
| Q2 24 | $129.8M | $73.2M | ||
| Q1 24 | $125.3M | $28.2M |
| Q4 25 | $94.7M | $715.7M | ||
| Q3 25 | $94.4M | $279.4M | ||
| Q2 25 | $94.1M | $277.7M | ||
| Q1 25 | $93.7M | $277.5M | ||
| Q4 24 | $93.4M | $277.3M | ||
| Q3 24 | $93.1M | $602.1M | ||
| Q2 24 | $92.8M | $250.7M | ||
| Q1 24 | $95.0M | $534.2M |
| Q4 25 | $294.8M | $1.2B | ||
| Q3 25 | $279.3M | $1.2B | ||
| Q2 25 | $272.2M | $1.1B | ||
| Q1 25 | $310.0M | $1.1B | ||
| Q4 24 | $303.9M | $1.1B | ||
| Q3 24 | $290.4M | $769.8M | ||
| Q2 24 | $288.7M | $758.4M | ||
| Q1 24 | $288.5M | $420.6M |
| Q4 25 | $521.4M | $2.0B | ||
| Q3 25 | $525.3M | $1.5B | ||
| Q2 25 | $537.4M | $1.5B | ||
| Q1 25 | $578.7M | $1.5B | ||
| Q4 24 | $570.1M | $1.5B | ||
| Q3 24 | $569.6M | $1.5B | ||
| Q2 24 | $560.7M | $1.1B | ||
| Q1 24 | $559.0M | $1.1B |
| Q4 25 | 0.32× | 0.61× | ||
| Q3 25 | 0.34× | 0.24× | ||
| Q2 25 | 0.35× | 0.25× | ||
| Q1 25 | 0.30× | 0.25× | ||
| Q4 24 | 0.31× | 0.25× | ||
| Q3 24 | 0.32× | 0.78× | ||
| Q2 24 | 0.32× | 0.33× | ||
| Q1 24 | 0.33× | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $-15.6M | — |
| FCF MarginFCF / Revenue | -9.9% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | -0.92× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $30.4M | ||
| Q3 25 | $21.7M | $29.7M | ||
| Q2 25 | $14.8M | $23.8M | ||
| Q1 25 | $37.0M | $28.4M | ||
| Q4 24 | $1.6M | $20.7M | ||
| Q3 24 | $14.1M | $16.3M | ||
| Q2 24 | $12.5M | $7.1M | ||
| Q1 24 | $20.7M | $10.8M |
| Q4 25 | $-15.6M | — | ||
| Q3 25 | $17.5M | — | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $33.1M | — | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $14.5M | — |
| Q4 25 | -9.9% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 20.1% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 9.4% | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 4.0% | — |
| Q4 25 | -0.92× | 2.43× | ||
| Q3 25 | 3.90× | 1.08× | ||
| Q2 25 | 3.29× | 1.42× | ||
| Q1 25 | 4.16× | 1.85× | ||
| Q4 24 | 0.12× | 5.62× | ||
| Q3 24 | 6.22× | 1.89× | ||
| Q2 24 | 33.57× | 0.93× | ||
| Q1 24 | 40.20× | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
