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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and ServisFirst Bancshares, Inc. (SFBS). Click either name above to swap in a different company.
ServisFirst Bancshares, Inc. is the larger business by last-quarter revenue ($159.0M vs $158.3M, roughly 1.0× AMERICAN PUBLIC EDUCATION INC). ServisFirst Bancshares, Inc. runs the higher net margin — 52.2% vs 8.0%, a 44.2% gap on every dollar of revenue. Over the past eight quarters, ServisFirst Bancshares, Inc.'s revenue compounded faster (17.7% 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.
ServisFirst Bancshares, Inc. is a U.S.-based bank holding company operating full-service banking locations primarily across the Southeastern United States. It offers a full suite of commercial banking, consumer banking, wealth management, and mortgage lending services to small and medium-sized businesses, professional clients, and individual consumers.
APEI vs SFBS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $159.0M |
| Net Profit | $12.6M | $83.0M |
| Gross Margin | 56.4% | — |
| Operating Margin | 12.0% | — |
| Net Margin | 8.0% | 52.2% |
| Revenue YoY | -3.5% | — |
| Net Profit YoY | -2.7% | 31.2% |
| EPS (diluted) | $0.67 | $1.52 |
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 | — | $159.0M | ||
| Q4 25 | $158.3M | $162.2M | ||
| Q3 25 | $163.2M | $136.3M | ||
| Q2 25 | $162.8M | $132.1M | ||
| Q1 25 | $164.6M | $131.8M | ||
| Q4 24 | $164.1M | $131.9M | ||
| Q3 24 | $153.1M | $123.7M | ||
| Q2 24 | $152.9M | $114.8M |
| Q1 26 | — | $83.0M | ||
| Q4 25 | $12.6M | $86.4M | ||
| Q3 25 | $5.6M | $65.6M | ||
| Q2 25 | $4.5M | $61.4M | ||
| Q1 25 | $8.9M | $63.2M | ||
| Q4 24 | $13.0M | $65.2M | ||
| Q3 24 | $2.3M | $59.9M | ||
| Q2 24 | $371.0K | $52.1M |
| Q1 26 | — | — | ||
| Q4 25 | 56.4% | — | ||
| Q3 25 | 54.2% | — | ||
| Q2 25 | 51.8% | — | ||
| Q1 25 | 54.5% | — | ||
| Q4 24 | 56.3% | — | ||
| Q3 24 | 50.8% | — | ||
| Q2 24 | 50.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 66.3% | ||
| Q3 25 | 5.9% | 57.8% | ||
| Q2 25 | 4.3% | 58.0% | ||
| Q1 25 | 7.4% | 60.0% | ||
| Q4 24 | 13.1% | 60.2% | ||
| Q3 24 | 2.7% | 58.5% | ||
| Q2 24 | 1.5% | 58.0% |
| Q1 26 | — | 52.2% | ||
| Q4 25 | 8.0% | 59.0% | ||
| Q3 25 | 3.4% | 48.1% | ||
| Q2 25 | 2.8% | 46.5% | ||
| Q1 25 | 5.4% | 48.0% | ||
| Q4 24 | 7.9% | 52.9% | ||
| Q3 24 | 1.5% | 48.4% | ||
| Q2 24 | 0.2% | 45.4% |
| Q1 26 | — | $1.52 | ||
| Q4 25 | $0.67 | $1.58 | ||
| Q3 25 | $0.30 | $1.20 | ||
| Q2 25 | $-0.02 | $1.12 | ||
| Q1 25 | $0.41 | $1.16 | ||
| Q4 24 | $0.63 | $1.19 | ||
| Q3 24 | $0.04 | $1.10 | ||
| Q2 24 | $-0.06 | $0.95 |
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 | $1.8B |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $1.9B |
| Total Assets | $521.4M | $18.2B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $174.1M | — | ||
| Q3 25 | $191.3M | — | ||
| Q2 25 | $174.9M | — | ||
| Q1 25 | $161.6M | — | ||
| Q4 24 | $131.9M | — | ||
| Q3 24 | $135.4M | — | ||
| Q2 24 | $129.8M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $1.9B | ||
| Q4 25 | $294.8M | $1.8B | ||
| Q3 25 | $279.3M | $1.8B | ||
| Q2 25 | $272.2M | $1.7B | ||
| Q1 25 | $310.0M | $1.7B | ||
| Q4 24 | $303.9M | $1.6B | ||
| Q3 24 | $290.4M | $1.6B | ||
| Q2 24 | $288.7M | $1.5B |
| Q1 26 | — | $18.2B | ||
| Q4 25 | $521.4M | $17.7B | ||
| Q3 25 | $525.3M | $17.6B | ||
| Q2 25 | $537.4M | $17.4B | ||
| Q1 25 | $578.7M | $18.6B | ||
| Q4 24 | $570.1M | $17.4B | ||
| Q3 24 | $569.6M | $16.4B | ||
| Q2 24 | $560.7M | $16.0B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $355.2M | ||
| Q3 25 | $21.7M | $140.9M | ||
| Q2 25 | $14.8M | $67.6M | ||
| Q1 25 | $37.0M | $48.0M | ||
| Q4 24 | $1.6M | $252.9M | ||
| Q3 24 | $14.1M | $84.0M | ||
| Q2 24 | $12.5M | $48.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-15.6M | — | ||
| Q3 25 | $17.5M | — | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $33.1M | — | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $7.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | -9.9% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 20.1% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 4.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 3.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.92× | 4.11× | ||
| Q3 25 | 3.90× | 2.15× | ||
| Q2 25 | 3.29× | 1.10× | ||
| Q1 25 | 4.16× | 0.76× | ||
| Q4 24 | 0.12× | 3.88× | ||
| Q3 24 | 6.22× | 1.40× | ||
| Q2 24 | 33.57× | 0.93× |
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% |
SFBS
| Net Interest Income | $148.1M | 93% |
| Noninterest Income | $10.8M | 7% |
