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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and OneStream, Inc. (OS). Click either name above to swap in a different company.
OneStream, Inc. is the larger business by last-quarter revenue ($163.7M vs $158.3M, roughly 1.0× AMERICAN PUBLIC EDUCATION INC). AMERICAN PUBLIC EDUCATION INC runs the higher net margin — 8.0% vs 0.6%, a 7.4% gap on every dollar of revenue. On growth, OneStream, Inc. posted the faster year-over-year revenue change (23.6% vs -3.5%). OneStream, Inc. produced more free cash flow last quarter ($25.6M vs $-15.6M). Over the past eight quarters, OneStream, Inc.'s revenue compounded faster (21.8% 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.
Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.
APEI vs OS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $163.7M |
| Net Profit | $12.6M | $999.0K |
| Gross Margin | 56.4% | 69.8% |
| Operating Margin | 12.0% | -3.2% |
| Net Margin | 8.0% | 0.6% |
| Revenue YoY | -3.5% | 23.6% |
| Net Profit YoY | -2.7% | — |
| EPS (diluted) | $0.67 | — |
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 | $163.7M | ||
| Q3 25 | $163.2M | $154.3M | ||
| Q2 25 | $162.8M | $147.6M | ||
| Q1 25 | $164.6M | $136.3M | ||
| Q4 24 | $164.1M | $132.5M | ||
| Q3 24 | $153.1M | $129.1M | ||
| Q2 24 | $152.9M | $117.5M | ||
| Q1 24 | $154.4M | $110.3M |
| Q4 25 | $12.6M | $999.0K | ||
| Q3 25 | $5.6M | $-8.8M | ||
| Q2 25 | $4.5M | $-18.4M | ||
| Q1 25 | $8.9M | $-24.0M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $2.3M | $-171.9M | ||
| Q2 24 | $371.0K | $-7.8M | ||
| Q1 24 | $516.0K | $-5.0M |
| Q4 25 | 56.4% | 69.8% | ||
| Q3 25 | 54.2% | 68.1% | ||
| Q2 25 | 51.8% | 68.6% | ||
| Q1 25 | 54.5% | 68.0% | ||
| Q4 24 | 56.3% | 66.8% | ||
| Q3 24 | 50.8% | 50.1% | ||
| Q2 24 | 50.2% | 68.5% | ||
| Q1 24 | 53.1% | 69.1% |
| Q4 25 | 12.0% | -3.2% | ||
| Q3 25 | 5.9% | -11.3% | ||
| Q2 25 | 4.3% | -21.8% | ||
| Q1 25 | 7.4% | -29.3% | ||
| Q4 24 | 13.1% | -35.8% | ||
| Q3 24 | 2.7% | -197.6% | ||
| Q2 24 | 1.5% | -9.8% | ||
| Q1 24 | 3.4% | -4.9% |
| Q4 25 | 8.0% | 0.6% | ||
| Q3 25 | 3.4% | -5.7% | ||
| Q2 25 | 2.8% | -12.5% | ||
| Q1 25 | 5.4% | -17.6% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 1.5% | -133.1% | ||
| Q2 24 | 0.2% | -6.7% | ||
| Q1 24 | 0.3% | -4.5% |
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.30 | — | ||
| Q2 25 | $-0.02 | — | ||
| Q1 25 | $0.41 | — | ||
| Q4 24 | $0.63 | — | ||
| Q3 24 | $0.04 | $-1.06 | ||
| Q2 24 | $-0.06 | — | ||
| Q1 24 | $-0.06 | — |
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 | $693.6M |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $504.7M |
| Total Assets | $521.4M | $1.0B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $693.6M | ||
| Q3 25 | $191.3M | $653.9M | ||
| Q2 25 | $174.9M | $652.1M | ||
| Q1 25 | $161.6M | $593.9M | ||
| Q4 24 | $131.9M | $544.2M | ||
| Q3 24 | $135.4M | $495.5M | ||
| Q2 24 | $129.8M | $140.5M | ||
| Q1 24 | $125.3M | — |
| 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 | $504.7M | ||
| Q3 25 | $279.3M | $472.1M | ||
| Q2 25 | $272.2M | $458.2M | ||
| Q1 25 | $310.0M | $412.9M | ||
| Q4 24 | $303.9M | $386.2M | ||
| Q3 24 | $290.4M | $458.2M | ||
| Q2 24 | $288.7M | $97.5M | ||
| Q1 24 | $288.5M | $102.5M |
| Q4 25 | $521.4M | $1.0B | ||
| Q3 25 | $525.3M | $949.4M | ||
| Q2 25 | $537.4M | $910.5M | ||
| Q1 25 | $578.7M | $867.3M | ||
| Q4 24 | $570.1M | $823.2M | ||
| Q3 24 | $569.6M | $750.1M | ||
| Q2 24 | $560.7M | $379.7M | ||
| Q1 24 | $559.0M | — |
| 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 | $25.8M |
| Free Cash FlowOCF − Capex | $-15.6M | $25.6M |
| FCF MarginFCF / Revenue | -9.9% | 15.7% |
| Capex IntensityCapex / Revenue | 2.6% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.92× | 25.79× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $95.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $25.8M | ||
| Q3 25 | $21.7M | $5.0M | ||
| Q2 25 | $14.8M | $29.7M | ||
| Q1 25 | $37.0M | $36.2M | ||
| Q4 24 | $1.6M | — | ||
| Q3 24 | $14.1M | $2.4M | ||
| Q2 24 | $12.5M | $8.1M | ||
| Q1 24 | $20.7M | $25.5M |
| Q4 25 | $-15.6M | $25.6M | ||
| Q3 25 | $17.5M | $4.8M | ||
| Q2 25 | $11.1M | $29.4M | ||
| Q1 25 | $33.1M | $35.8M | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $7.8M | $1.3M | ||
| Q2 24 | $7.3M | $7.7M | ||
| Q1 24 | $14.5M | $24.9M |
| Q4 25 | -9.9% | 15.7% | ||
| Q3 25 | 10.7% | 3.1% | ||
| Q2 25 | 6.8% | 19.9% | ||
| Q1 25 | 20.1% | 26.3% | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 5.1% | 1.0% | ||
| Q2 24 | 4.7% | 6.6% | ||
| Q1 24 | 9.4% | 22.5% |
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 2.6% | 0.1% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 2.4% | 0.3% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 4.1% | 0.8% | ||
| Q2 24 | 3.4% | 0.3% | ||
| Q1 24 | 4.0% | 0.6% |
| Q4 25 | -0.92× | 25.79× | ||
| Q3 25 | 3.90× | — | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | — | ||
| 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% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
