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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and PROCEPT BioRobotics Corp (PRCT). 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 $83.1M, roughly 1.9× PROCEPT BioRobotics Corp). AMERICAN PUBLIC EDUCATION INC runs the higher net margin — 8.0% vs -38.1%, a 46.0% gap on every dollar of revenue. On growth, PROCEPT BioRobotics Corp posted the faster year-over-year revenue change (20.2% vs -3.5%). Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% 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.
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
APEI vs PRCT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $83.1M |
| Net Profit | $12.6M | $-31.6M |
| Gross Margin | 56.4% | 64.9% |
| Operating Margin | 12.0% | -4.1% |
| Net Margin | 8.0% | -38.1% |
| Revenue YoY | -3.5% | 20.2% |
| Net Profit YoY | -2.7% | -27.9% |
| EPS (diluted) | $0.67 | $-0.56 |
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.
| Q1 26 | — | $83.1M | ||
| Q4 25 | $158.3M | $76.4M | ||
| Q3 25 | $163.2M | $83.3M | ||
| Q2 25 | $162.8M | $79.2M | ||
| Q1 25 | $164.6M | $69.2M | ||
| Q4 24 | $164.1M | $68.2M | ||
| Q3 24 | $153.1M | $58.4M | ||
| Q2 24 | $152.9M | $53.4M |
| Q1 26 | — | $-31.6M | ||
| Q4 25 | $12.6M | $-29.8M | ||
| Q3 25 | $5.6M | $-21.4M | ||
| Q2 25 | $4.5M | $-19.6M | ||
| Q1 25 | $8.9M | $-24.7M | ||
| Q4 24 | $13.0M | $-18.9M | ||
| Q3 24 | $2.3M | $-21.0M | ||
| Q2 24 | $371.0K | $-25.6M |
| Q1 26 | — | 64.9% | ||
| Q4 25 | 56.4% | 60.6% | ||
| Q3 25 | 54.2% | 64.8% | ||
| Q2 25 | 51.8% | 65.4% | ||
| Q1 25 | 54.5% | 63.9% | ||
| Q4 24 | 56.3% | 64.0% | ||
| Q3 24 | 50.8% | 63.2% | ||
| Q2 24 | 50.2% | 59.0% |
| Q1 26 | — | -4.1% | ||
| Q4 25 | 12.0% | -40.6% | ||
| Q3 25 | 5.9% | -27.8% | ||
| Q2 25 | 4.3% | -28.0% | ||
| Q1 25 | 7.4% | -39.7% | ||
| Q4 24 | 13.1% | -28.9% | ||
| Q3 24 | 2.7% | -38.4% | ||
| Q2 24 | 1.5% | -50.3% |
| Q1 26 | — | -38.1% | ||
| Q4 25 | 8.0% | -39.1% | ||
| Q3 25 | 3.4% | -25.7% | ||
| Q2 25 | 2.8% | -24.7% | ||
| Q1 25 | 5.4% | -35.8% | ||
| Q4 24 | 7.9% | -27.6% | ||
| Q3 24 | 1.5% | -35.9% | ||
| Q2 24 | 0.2% | -48.0% |
| Q1 26 | — | $-0.56 | ||
| Q4 25 | $0.67 | $-0.54 | ||
| Q3 25 | $0.30 | $-0.38 | ||
| Q2 25 | $-0.02 | $-0.35 | ||
| Q1 25 | $0.41 | $-0.45 | ||
| Q4 24 | $0.63 | $-0.34 | ||
| Q3 24 | $0.04 | $-0.40 | ||
| Q2 24 | $-0.06 | $-0.50 |
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 | $245.6M |
| Total DebtLower is stronger | $94.7M | $51.7M |
| Stockholders' EquityBook value | $294.8M | $347.7M |
| Total Assets | $521.4M | $487.1M |
| Debt / EquityLower = less leverage | 0.32× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $245.6M | ||
| Q4 25 | $174.1M | $286.5M | ||
| Q3 25 | $191.3M | $294.3M | ||
| Q2 25 | $174.9M | $302.7M | ||
| Q1 25 | $161.6M | $316.2M | ||
| Q4 24 | $131.9M | $333.7M | ||
| Q3 24 | $135.4M | $196.8M | ||
| Q2 24 | $129.8M | $214.1M |
| Q1 26 | — | $51.7M | ||
| Q4 25 | $94.7M | $51.6M | ||
| Q3 25 | $94.4M | $51.6M | ||
| Q2 25 | $94.1M | $51.5M | ||
| Q1 25 | $93.7M | $51.5M | ||
| Q4 24 | $93.4M | $51.5M | ||
| Q3 24 | $93.1M | $51.4M | ||
| Q2 24 | $92.8M | $51.4M |
| Q1 26 | — | $347.7M | ||
| Q4 25 | $294.8M | $365.9M | ||
| Q3 25 | $279.3M | $380.3M | ||
| Q2 25 | $272.2M | $385.8M | ||
| Q1 25 | $310.0M | $389.2M | ||
| Q4 24 | $303.9M | $402.2M | ||
| Q3 24 | $290.4M | $241.2M | ||
| Q2 24 | $288.7M | $251.8M |
| Q1 26 | — | $487.1M | ||
| Q4 25 | $521.4M | $508.1M | ||
| Q3 25 | $525.3M | $511.5M | ||
| Q2 25 | $537.4M | $513.1M | ||
| Q1 25 | $578.7M | $519.4M | ||
| Q4 24 | $570.1M | $534.0M | ||
| Q3 24 | $569.6M | $374.1M | ||
| Q2 24 | $560.7M | $374.4M |
| Q1 26 | — | 0.15× | ||
| Q4 25 | 0.32× | 0.14× | ||
| Q3 25 | 0.34× | 0.14× | ||
| Q2 25 | 0.35× | 0.13× | ||
| Q1 25 | 0.30× | 0.13× | ||
| Q4 24 | 0.31× | 0.13× | ||
| Q3 24 | 0.32× | 0.21× | ||
| Q2 24 | 0.32× | 0.20× |
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 | — |
| Free Cash FlowOCF − Capex | $-15.6M | — |
| FCF MarginFCF / Revenue | -9.9% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | -0.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-11.6M | $-10.3M | ||
| Q3 25 | $21.7M | $-6.6M | ||
| Q2 25 | $14.8M | $-15.0M | ||
| Q1 25 | $37.0M | $-17.0M | ||
| Q4 24 | $1.6M | $-32.4M | ||
| Q3 24 | $14.1M | $-18.8M | ||
| Q2 24 | $12.5M | $-15.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-15.6M | $-12.2M | ||
| Q3 25 | $17.5M | $-9.5M | ||
| Q2 25 | $11.1M | $-17.8M | ||
| Q1 25 | $33.1M | $-18.8M | ||
| Q4 24 | $-1.8M | $-33.6M | ||
| Q3 24 | $7.8M | $-19.0M | ||
| Q2 24 | $7.3M | $-16.8M |
| Q1 26 | — | — | ||
| Q4 25 | -9.9% | -15.9% | ||
| Q3 25 | 10.7% | -11.4% | ||
| Q2 25 | 6.8% | -22.5% | ||
| Q1 25 | 20.1% | -27.2% | ||
| Q4 24 | -1.1% | -49.2% | ||
| Q3 24 | 5.1% | -32.6% | ||
| Q2 24 | 4.7% | -31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 2.4% | ||
| Q3 25 | 2.6% | 3.4% | ||
| Q2 25 | 2.3% | 3.5% | ||
| Q1 25 | 2.4% | 2.7% | ||
| Q4 24 | 2.0% | 1.7% | ||
| Q3 24 | 4.1% | 0.4% | ||
| Q2 24 | 3.4% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | — | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 6.22× | — | ||
| Q2 24 | 33.57× | — |
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% |
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
