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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and POTLATCHDELTIC CORP (PCH). Click either name above to swap in a different company.
POTLATCHDELTIC CORP is the larger business by last-quarter revenue ($314.2M vs $158.3M, roughly 2.0× AMERICAN PUBLIC EDUCATION INC). POTLATCHDELTIC CORP runs the higher net margin — 8.2% vs 8.0%, a 0.3% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs -3.5%). POTLATCHDELTIC CORP produced more free cash flow last quarter ($50.1M vs $-15.6M). Over the past eight quarters, POTLATCHDELTIC CORP's revenue compounded faster (11.1% 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.
POTLATCHDELTIC CORPPCHEarnings & Financial Report
PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.
APEI vs PCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $314.2M |
| Net Profit | $12.6M | $25.9M |
| Gross Margin | 56.4% | 18.2% |
| Operating Margin | 12.0% | 11.2% |
| Net Margin | 8.0% | 8.2% |
| Revenue YoY | -3.5% | 23.1% |
| Net Profit YoY | -2.7% | 682.5% |
| EPS (diluted) | $0.67 | $0.33 |
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 | — | ||
| Q3 25 | $163.2M | $314.2M | ||
| Q2 25 | $162.8M | $275.0M | ||
| Q1 25 | $164.6M | $268.3M | ||
| Q4 24 | $164.1M | $258.1M | ||
| Q3 24 | $153.1M | $255.1M | ||
| Q2 24 | $152.9M | $320.7M | ||
| Q1 24 | $154.4M | $228.1M |
| Q4 25 | $12.6M | — | ||
| Q3 25 | $5.6M | $25.9M | ||
| Q2 25 | $4.5M | $7.4M | ||
| Q1 25 | $8.9M | $25.8M | ||
| Q4 24 | $13.0M | $5.2M | ||
| Q3 24 | $2.3M | $3.3M | ||
| Q2 24 | $371.0K | $13.7M | ||
| Q1 24 | $516.0K | $-305.0K |
| Q4 25 | 56.4% | — | ||
| Q3 25 | 54.2% | 18.2% | ||
| Q2 25 | 51.8% | 13.0% | ||
| Q1 25 | 54.5% | 17.8% | ||
| Q4 24 | 56.3% | 13.4% | ||
| Q3 24 | 50.8% | 10.8% | ||
| Q2 24 | 50.2% | 11.9% | ||
| Q1 24 | 53.1% | 7.0% |
| Q4 25 | 12.0% | — | ||
| Q3 25 | 5.9% | 11.2% | ||
| Q2 25 | 4.3% | 5.0% | ||
| Q1 25 | 7.4% | 10.3% | ||
| Q4 24 | 13.1% | 5.2% | ||
| Q3 24 | 2.7% | 2.8% | ||
| Q2 24 | 1.5% | 5.4% | ||
| Q1 24 | 3.4% | -2.1% |
| Q4 25 | 8.0% | — | ||
| Q3 25 | 3.4% | 8.2% | ||
| Q2 25 | 2.8% | 2.7% | ||
| Q1 25 | 5.4% | 9.6% | ||
| Q4 24 | 7.9% | 2.0% | ||
| Q3 24 | 1.5% | 1.3% | ||
| Q2 24 | 0.2% | 4.3% | ||
| Q1 24 | 0.3% | -0.1% |
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.30 | $0.33 | ||
| Q2 25 | $-0.02 | $0.09 | ||
| Q1 25 | $0.41 | $0.33 | ||
| Q4 24 | $0.63 | $0.07 | ||
| Q3 24 | $0.04 | $0.04 | ||
| Q2 24 | $-0.06 | $0.17 | ||
| Q1 24 | $-0.06 | $0.00 |
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 | $88.8M |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $1.9B |
| Total Assets | $521.4M | $3.2B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | — | ||
| Q3 25 | $191.3M | $88.8M | ||
| Q2 25 | $174.9M | $95.3M | ||
| Q1 25 | $161.6M | $147.5M | ||
| Q4 24 | $131.9M | $151.6M | ||
| Q3 24 | $135.4M | $161.1M | ||
| Q2 24 | $129.8M | $199.7M | ||
| Q1 24 | $125.3M | $180.2M |
| Q4 25 | $94.7M | — | ||
| Q3 25 | $94.4M | — | ||
| Q2 25 | $94.1M | — | ||
| Q1 25 | $93.7M | — | ||
| Q4 24 | $93.4M | $1.0B | ||
| Q3 24 | $93.1M | — | ||
| Q2 24 | $92.8M | — | ||
| Q1 24 | $95.0M | — |
| Q4 25 | $294.8M | — | ||
| Q3 25 | $279.3M | $1.9B | ||
| Q2 25 | $272.2M | $1.9B | ||
| Q1 25 | $310.0M | $2.0B | ||
| Q4 24 | $303.9M | $2.0B | ||
| Q3 24 | $290.4M | $2.1B | ||
| Q2 24 | $288.7M | $2.1B | ||
| Q1 24 | $288.5M | $2.2B |
| Q4 25 | $521.4M | — | ||
| Q3 25 | $525.3M | $3.2B | ||
| Q2 25 | $537.4M | $3.2B | ||
| Q1 25 | $578.7M | $3.3B | ||
| Q4 24 | $570.1M | $3.3B | ||
| Q3 24 | $569.6M | $3.3B | ||
| Q2 24 | $560.7M | $3.4B | ||
| Q1 24 | $559.0M | $3.4B |
| Q4 25 | 0.32× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | 0.51× | ||
| 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 | $65.7M |
| Free Cash FlowOCF − Capex | $-15.6M | $50.1M |
| FCF MarginFCF / Revenue | -9.9% | 15.9% |
| Capex IntensityCapex / Revenue | 2.6% | 4.9% |
| Cash ConversionOCF / Net Profit | -0.92× | 2.54× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $132.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $21.7M | $65.7M | ||
| Q2 25 | $14.8M | $41.0M | ||
| Q1 25 | $37.0M | $49.1M | ||
| Q4 24 | $1.6M | $45.4M | ||
| Q3 24 | $14.1M | $26.5M | ||
| Q2 24 | $12.5M | $100.6M | ||
| Q1 24 | $20.7M | $16.0M |
| Q4 25 | $-15.6M | — | ||
| Q3 25 | $17.5M | $50.1M | ||
| Q2 25 | $11.1M | $30.6M | ||
| Q1 25 | $33.1M | $26.3M | ||
| Q4 24 | $-1.8M | $25.4M | ||
| Q3 24 | $7.8M | $-8.2M | ||
| Q2 24 | $7.3M | $72.4M | ||
| Q1 24 | $14.5M | $2.0M |
| Q4 25 | -9.9% | — | ||
| Q3 25 | 10.7% | 15.9% | ||
| Q2 25 | 6.8% | 11.1% | ||
| Q1 25 | 20.1% | 9.8% | ||
| Q4 24 | -1.1% | 9.9% | ||
| Q3 24 | 5.1% | -3.2% | ||
| Q2 24 | 4.7% | 22.6% | ||
| Q1 24 | 9.4% | 0.9% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.6% | 4.9% | ||
| Q2 25 | 2.3% | 3.8% | ||
| Q1 25 | 2.4% | 8.5% | ||
| Q4 24 | 2.0% | 7.7% | ||
| Q3 24 | 4.1% | 13.6% | ||
| Q2 24 | 3.4% | 8.8% | ||
| Q1 24 | 4.0% | 6.1% |
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | 2.54× | ||
| Q2 25 | 3.29× | 5.58× | ||
| Q1 25 | 4.16× | 1.90× | ||
| Q4 24 | 0.12× | 8.74× | ||
| Q3 24 | 6.22× | 7.99× | ||
| Q2 24 | 33.57× | 7.35× | ||
| 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% |
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
