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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and OPKO HEALTH, INC. (OPK). 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 $148.5M, roughly 1.1× OPKO HEALTH, INC.). AMERICAN PUBLIC EDUCATION INC runs the higher net margin — 8.0% vs -21.1%, a 29.0% gap on every dollar of revenue. On growth, AMERICAN PUBLIC EDUCATION INC posted the faster year-over-year revenue change (-3.5% vs -19.2%). AMERICAN PUBLIC EDUCATION INC produced more free cash flow last quarter ($-15.6M vs $-28.6M). Over the past eight quarters, AMERICAN PUBLIC EDUCATION INC's revenue compounded faster (1.3% CAGR vs -7.5%).
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.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
APEI vs OPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $148.5M |
| Net Profit | $12.6M | $-31.3M |
| Gross Margin | 56.4% | 43.1% |
| Operating Margin | 12.0% | -25.8% |
| Net Margin | 8.0% | -21.1% |
| Revenue YoY | -3.5% | -19.2% |
| Net Profit YoY | -2.7% | -322.8% |
| EPS (diluted) | $0.67 | $-0.04 |
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 | $148.5M | ||
| Q3 25 | $163.2M | $151.7M | ||
| Q2 25 | $162.8M | $156.8M | ||
| Q1 25 | $164.6M | $150.0M | ||
| Q4 24 | $164.1M | $183.6M | ||
| Q3 24 | $153.1M | $173.6M | ||
| Q2 24 | $152.9M | $182.2M | ||
| Q1 24 | $154.4M | $173.7M |
| Q4 25 | $12.6M | $-31.3M | ||
| Q3 25 | $5.6M | $21.6M | ||
| Q2 25 | $4.5M | $-148.4M | ||
| Q1 25 | $8.9M | $-67.6M | ||
| Q4 24 | $13.0M | $14.0M | ||
| Q3 24 | $2.3M | $24.9M | ||
| Q2 24 | $371.0K | $-10.3M | ||
| Q1 24 | $516.0K | $-81.8M |
| Q4 25 | 56.4% | 43.1% | ||
| Q3 25 | 54.2% | 32.9% | ||
| Q2 25 | 51.8% | 31.5% | ||
| Q1 25 | 54.5% | 28.4% | ||
| Q4 24 | 56.3% | 46.1% | ||
| Q3 24 | 50.8% | 23.1% | ||
| Q2 24 | 50.2% | 28.4% | ||
| Q1 24 | 53.1% | 24.2% |
| Q4 25 | 12.0% | -25.8% | ||
| Q3 25 | 5.9% | 31.7% | ||
| Q2 25 | 4.3% | -38.3% | ||
| Q1 25 | 7.4% | -44.8% | ||
| Q4 24 | 13.1% | -18.0% | ||
| Q3 24 | 2.7% | 8.2% | ||
| Q2 24 | 1.5% | -33.9% | ||
| Q1 24 | 3.4% | -41.2% |
| Q4 25 | 8.0% | -21.1% | ||
| Q3 25 | 3.4% | 14.3% | ||
| Q2 25 | 2.8% | -94.7% | ||
| Q1 25 | 5.4% | -45.1% | ||
| Q4 24 | 7.9% | 7.6% | ||
| Q3 24 | 1.5% | 14.3% | ||
| Q2 24 | 0.2% | -5.7% | ||
| Q1 24 | 0.3% | -47.1% |
| Q4 25 | $0.67 | $-0.04 | ||
| Q3 25 | $0.30 | $0.03 | ||
| Q2 25 | $-0.02 | $-0.19 | ||
| Q1 25 | $0.41 | $-0.10 | ||
| Q4 24 | $0.63 | $0.02 | ||
| Q3 24 | $0.04 | $0.03 | ||
| Q2 24 | $-0.06 | $-0.01 | ||
| Q1 24 | $-0.06 | $-0.12 |
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 | $364.4M |
| Total DebtLower is stronger | $94.7M | $344.0M |
| Stockholders' EquityBook value | $294.8M | $1.3B |
| Total Assets | $521.4M | $1.9B |
| Debt / EquityLower = less leverage | 0.32× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $364.4M | ||
| Q3 25 | $191.3M | $412.0M | ||
| Q2 25 | $174.9M | $267.3M | ||
| Q1 25 | $161.6M | $428.8M | ||
| Q4 24 | $131.9M | $426.6M | ||
| Q3 24 | $135.4M | $400.1M | ||
| Q2 24 | $129.8M | $40.6M | ||
| Q1 24 | $125.3M | $75.6M |
| Q4 25 | $94.7M | $344.0M | ||
| Q3 25 | $94.4M | $344.2M | ||
| Q2 25 | $94.1M | $343.3M | ||
| Q1 25 | $93.7M | $439.2M | ||
| Q4 24 | $93.4M | $437.2M | ||
| Q3 24 | $93.1M | $441.0M | ||
| Q2 24 | $92.8M | $201.9M | ||
| Q1 24 | $95.0M | $350.1M |
| Q4 25 | $294.8M | $1.3B | ||
| Q3 25 | $279.3M | $1.3B | ||
| Q2 25 | $272.2M | $1.3B | ||
| Q1 25 | $310.0M | $1.3B | ||
| Q4 24 | $303.9M | $1.4B | ||
| Q3 24 | $290.4M | $1.4B | ||
| Q2 24 | $288.7M | $1.4B | ||
| Q1 24 | $288.5M | $1.3B |
| Q4 25 | $521.4M | $1.9B | ||
| Q3 25 | $525.3M | $2.0B | ||
| Q2 25 | $537.4M | $2.0B | ||
| Q1 25 | $578.7M | $2.1B | ||
| Q4 24 | $570.1M | $2.2B | ||
| Q3 24 | $569.6M | $2.3B | ||
| Q2 24 | $560.7M | $2.0B | ||
| Q1 24 | $559.0M | $2.0B |
| Q4 25 | 0.32× | 0.27× | ||
| Q3 25 | 0.34× | 0.26× | ||
| Q2 25 | 0.35× | 0.26× | ||
| Q1 25 | 0.30× | 0.33× | ||
| Q4 24 | 0.31× | 0.32× | ||
| Q3 24 | 0.32× | 0.31× | ||
| Q2 24 | 0.32× | 0.14× | ||
| Q1 24 | 0.33× | 0.28× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-15.6M | $-28.6M |
| FCF MarginFCF / Revenue | -9.9% | -19.3% |
| Capex IntensityCapex / Revenue | 2.6% | 1.8% |
| Cash ConversionOCF / Net Profit | -0.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $-25.9M | ||
| Q3 25 | $21.7M | $-34.6M | ||
| Q2 25 | $14.8M | $-83.4M | ||
| Q1 25 | $37.0M | $-34.6M | ||
| Q4 24 | $1.6M | $-44.4M | ||
| Q3 24 | $14.1M | $-77.1M | ||
| Q2 24 | $12.5M | $-26.4M | ||
| Q1 24 | $20.7M | $-35.6M |
| Q4 25 | $-15.6M | $-28.6M | ||
| Q3 25 | $17.5M | $-37.8M | ||
| Q2 25 | $11.1M | $-86.7M | ||
| Q1 25 | $33.1M | $-37.7M | ||
| Q4 24 | $-1.8M | $-49.8M | ||
| Q3 24 | $7.8M | $-85.0M | ||
| Q2 24 | $7.3M | $-33.7M | ||
| Q1 24 | $14.5M | $-40.0M |
| Q4 25 | -9.9% | -19.3% | ||
| Q3 25 | 10.7% | -24.9% | ||
| Q2 25 | 6.8% | -55.3% | ||
| Q1 25 | 20.1% | -25.2% | ||
| Q4 24 | -1.1% | -27.1% | ||
| Q3 24 | 5.1% | -49.0% | ||
| Q2 24 | 4.7% | -18.5% | ||
| Q1 24 | 9.4% | -23.0% |
| Q4 25 | 2.6% | 1.8% | ||
| Q3 25 | 2.6% | 2.1% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | 2.4% | 2.1% | ||
| Q4 24 | 2.0% | 2.9% | ||
| Q3 24 | 4.1% | 4.6% | ||
| Q2 24 | 3.4% | 4.0% | ||
| Q1 24 | 4.0% | 2.6% |
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | -1.60× | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | -3.17× | ||
| Q3 24 | 6.22× | -3.10× | ||
| 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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
