vs
Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $158.3M, roughly 1.3× AMERICAN PUBLIC EDUCATION INC). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 8.0%, a 10.8% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -3.5%). Over the past eight quarters, LiveRamp Holdings, Inc.'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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
APEI vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $212.2M |
| Net Profit | $12.6M | $39.9M |
| Gross Margin | 56.4% | 71.9% |
| Operating Margin | 12.0% | 18.6% |
| Net Margin | 8.0% | 18.8% |
| Revenue YoY | -3.5% | 8.6% |
| Net Profit YoY | -2.7% | 255.7% |
| EPS (diluted) | $0.67 | $0.62 |
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 | $212.2M | ||
| Q3 25 | $163.2M | $199.8M | ||
| Q2 25 | $162.8M | $194.8M | ||
| Q1 25 | $164.6M | $188.7M | ||
| Q4 24 | $164.1M | $195.4M | ||
| Q3 24 | $153.1M | $185.5M | ||
| Q2 24 | $152.9M | $176.0M | ||
| Q1 24 | $154.4M | $171.9M |
| Q4 25 | $12.6M | $39.9M | ||
| Q3 25 | $5.6M | $27.4M | ||
| Q2 25 | $4.5M | $7.7M | ||
| Q1 25 | $8.9M | $-6.3M | ||
| Q4 24 | $13.0M | $11.2M | ||
| Q3 24 | $2.3M | $1.7M | ||
| Q2 24 | $371.0K | $-7.5M | ||
| Q1 24 | $516.0K | $-5.4M |
| Q4 25 | 56.4% | 71.9% | ||
| Q3 25 | 54.2% | 70.2% | ||
| Q2 25 | 51.8% | 70.1% | ||
| Q1 25 | 54.5% | 69.3% | ||
| Q4 24 | 56.3% | 71.9% | ||
| Q3 24 | 50.8% | 72.4% | ||
| Q2 24 | 50.2% | 70.6% | ||
| Q1 24 | 53.1% | 72.2% |
| Q4 25 | 12.0% | 18.6% | ||
| Q3 25 | 5.9% | 10.7% | ||
| Q2 25 | 4.3% | 3.7% | ||
| Q1 25 | 7.4% | -6.1% | ||
| Q4 24 | 13.1% | 7.5% | ||
| Q3 24 | 2.7% | 4.0% | ||
| Q2 24 | 1.5% | -3.0% | ||
| Q1 24 | 3.4% | -8.3% |
| Q4 25 | 8.0% | 18.8% | ||
| Q3 25 | 3.4% | 13.7% | ||
| Q2 25 | 2.8% | 4.0% | ||
| Q1 25 | 5.4% | -3.3% | ||
| Q4 24 | 7.9% | 5.7% | ||
| Q3 24 | 1.5% | 0.9% | ||
| Q2 24 | 0.2% | -4.3% | ||
| Q1 24 | 0.3% | -3.1% |
| Q4 25 | $0.67 | $0.62 | ||
| Q3 25 | $0.30 | $0.42 | ||
| Q2 25 | $-0.02 | $0.12 | ||
| Q1 25 | $0.41 | $-0.10 | ||
| Q4 24 | $0.63 | $0.17 | ||
| Q3 24 | $0.04 | $0.03 | ||
| Q2 24 | $-0.06 | $-0.11 | ||
| Q1 24 | $-0.06 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $962.3M |
| Total Assets | $521.4M | $1.3B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $403.4M | ||
| Q3 25 | $191.3M | $376.9M | ||
| Q2 25 | $174.9M | $371.1M | ||
| Q1 25 | $161.6M | $420.8M | ||
| Q4 24 | $131.9M | $384.3M | ||
| Q3 24 | $135.4M | $348.4M | ||
| Q2 24 | $129.8M | $342.7M | ||
| Q1 24 | $125.3M | $368.9M |
| 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 | $962.3M | ||
| Q3 25 | $279.3M | $943.8M | ||
| Q2 25 | $272.2M | $947.8M | ||
| Q1 25 | $310.0M | $948.9M | ||
| Q4 24 | $303.9M | $957.7M | ||
| Q3 24 | $290.4M | $932.1M | ||
| Q2 24 | $288.7M | $951.9M | ||
| Q1 24 | $288.5M | $949.1M |
| Q4 25 | $521.4M | $1.3B | ||
| Q3 25 | $525.3M | $1.2B | ||
| Q2 25 | $537.4M | $1.2B | ||
| Q1 25 | $578.7M | $1.3B | ||
| Q4 24 | $570.1M | $1.3B | ||
| Q3 24 | $569.6M | $1.2B | ||
| Q2 24 | $560.7M | $1.2B | ||
| Q1 24 | $559.0M | $1.2B |
| 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 | — |
| Free Cash FlowOCF − Capex | $-15.6M | — |
| FCF MarginFCF / Revenue | -9.9% | — |
| Capex IntensityCapex / Revenue | 2.6% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $21.7M | $57.4M | ||
| Q2 25 | $14.8M | $-15.8M | ||
| Q1 25 | $37.0M | — | ||
| Q4 24 | $1.6M | $45.1M | ||
| Q3 24 | $14.1M | $55.6M | ||
| Q2 24 | $12.5M | $-9.3M | ||
| Q1 24 | $20.7M | — |
| Q4 25 | $-15.6M | — | ||
| Q3 25 | $17.5M | $56.8M | ||
| Q2 25 | $11.1M | $-16.2M | ||
| Q1 25 | $33.1M | — | ||
| Q4 24 | $-1.8M | $44.8M | ||
| Q3 24 | $7.8M | $55.4M | ||
| Q2 24 | $7.3M | $-9.6M | ||
| Q1 24 | $14.5M | — |
| Q4 25 | -9.9% | — | ||
| Q3 25 | 10.7% | 28.4% | ||
| Q2 25 | 6.8% | -8.3% | ||
| Q1 25 | 20.1% | — | ||
| Q4 24 | -1.1% | 22.9% | ||
| Q3 24 | 5.1% | 29.8% | ||
| Q2 24 | 4.7% | -5.4% | ||
| Q1 24 | 9.4% | — |
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 2.6% | 0.3% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 2.0% | 0.1% | ||
| Q3 24 | 4.1% | 0.1% | ||
| Q2 24 | 3.4% | 0.1% | ||
| Q1 24 | 4.0% | 1.0% |
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | 2.09× | ||
| Q2 25 | 3.29× | -2.04× | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | 4.02× | ||
| Q3 24 | 6.22× | 32.10× | ||
| 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% |
RAMP
Segment breakdown not available.
