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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Triumph Financial, Inc. (TFIN). 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 $120.1M, roughly 1.3× Triumph Financial, Inc.). On growth, Triumph Financial, Inc. posted the faster year-over-year revenue change (16.0% vs -3.5%). Over the past eight quarters, Triumph Financial, Inc.'s revenue compounded faster (9.0% 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.

The Triumph Motor Company was a British car and motor manufacturing company in the 19th and 20th centuries. The marque had its origins in 1885 when Siegfried Bettmann of Nuremberg formed S. Bettmann & Co. and started importing bicycles from Europe and selling them under his own trade name in London. The trade name became "Triumph" the following year, and in 1887 Bettmann was joined by a partner, Moritz Schulte, also from Germany. In 1889, the businessmen started producing their own bicycles i...

APEI vs TFIN — Head-to-Head

Bigger by revenue
APEI
APEI
1.3× larger
APEI
$158.3M
$120.1M
TFIN
Growing faster (revenue YoY)
TFIN
TFIN
+19.5% gap
TFIN
16.0%
-3.5%
APEI
Faster 2-yr revenue CAGR
TFIN
TFIN
Annualised
TFIN
9.0%
1.3%
APEI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APEI
APEI
TFIN
TFIN
Revenue
$158.3M
$120.1M
Net Profit
$12.6M
Gross Margin
56.4%
Operating Margin
12.0%
Net Margin
8.0%
Revenue YoY
-3.5%
16.0%
Net Profit YoY
-2.7%
400.6%
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.

Revenue
APEI
APEI
TFIN
TFIN
Q4 25
$158.3M
$120.1M
Q3 25
$163.2M
$109.3M
Q2 25
$162.8M
$108.1M
Q1 25
$164.6M
$101.6M
Q4 24
$164.1M
$103.6M
Q3 24
$153.1M
$106.2M
Q2 24
$152.9M
$105.1M
Q1 24
$154.4M
$101.0M
Net Profit
APEI
APEI
TFIN
TFIN
Q4 25
$12.6M
Q3 25
$5.6M
$1.7M
Q2 25
$4.5M
$4.4M
Q1 25
$8.9M
$17.0K
Q4 24
$13.0M
$3.8M
Q3 24
$2.3M
$5.3M
Q2 24
$371.0K
$2.7M
Q1 24
$516.0K
$4.2M
Gross Margin
APEI
APEI
TFIN
TFIN
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 24
53.1%
Operating Margin
APEI
APEI
TFIN
TFIN
Q4 25
12.0%
Q3 25
5.9%
1.2%
Q2 25
4.3%
7.3%
Q1 25
7.4%
0.1%
Q4 24
13.1%
5.6%
Q3 24
2.7%
5.9%
Q2 24
1.5%
3.4%
Q1 24
3.4%
4.7%
Net Margin
APEI
APEI
TFIN
TFIN
Q4 25
8.0%
Q3 25
3.4%
1.6%
Q2 25
2.8%
4.1%
Q1 25
5.4%
0.0%
Q4 24
7.9%
3.7%
Q3 24
1.5%
5.0%
Q2 24
0.2%
2.6%
Q1 24
0.3%
4.1%
EPS (diluted)
APEI
APEI
TFIN
TFIN
Q4 25
$0.67
Q3 25
$0.30
$0.04
Q2 25
$-0.02
$0.15
Q1 25
$0.41
$-0.03
Q4 24
$0.63
$0.13
Q3 24
$0.04
$0.19
Q2 24
$-0.06
$0.08
Q1 24
$-0.06
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APEI
APEI
TFIN
TFIN
Cash + ST InvestmentsLiquidity on hand
$174.1M
$248.5M
Total DebtLower is stronger
$94.7M
Stockholders' EquityBook value
$294.8M
$941.8M
Total Assets
$521.4M
$6.4B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APEI
APEI
TFIN
TFIN
Q4 25
$174.1M
$248.5M
Q3 25
$191.3M
$147.2M
Q2 25
$174.9M
$282.3M
Q1 25
$161.6M
$502.9M
Q4 24
$131.9M
$330.1M
Q3 24
$135.4M
$489.3M
Q2 24
$129.8M
$500.7M
Q1 24
$125.3M
$417.0M
Total Debt
APEI
APEI
TFIN
TFIN
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
Stockholders' Equity
APEI
APEI
TFIN
TFIN
Q4 25
$294.8M
$941.8M
Q3 25
$279.3M
$919.3M
Q2 25
$272.2M
$912.4M
Q1 25
$310.0M
$893.9M
Q4 24
$303.9M
$890.9M
Q3 24
$290.4M
$885.8M
Q2 24
$288.7M
$874.2M
Q1 24
$288.5M
$872.3M
Total Assets
APEI
APEI
TFIN
TFIN
Q4 25
$521.4M
$6.4B
Q3 25
$525.3M
$6.4B
Q2 25
$537.4M
$6.5B
Q1 25
$578.7M
$6.3B
Q4 24
$570.1M
$5.9B
Q3 24
$569.6M
$5.9B
Q2 24
$560.7M
$5.8B
Q1 24
$559.0M
$5.6B
Debt / Equity
APEI
APEI
TFIN
TFIN
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
APEI
APEI
TFIN
TFIN
Operating Cash FlowLast quarter
$-11.6M
$67.1M
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.

Operating Cash Flow
APEI
APEI
TFIN
TFIN
Q4 25
$-11.6M
$67.1M
Q3 25
$21.7M
$24.4M
Q2 25
$14.8M
$9.8M
Q1 25
$37.0M
$-3.6M
Q4 24
$1.6M
$58.5M
Q3 24
$14.1M
$26.6M
Q2 24
$12.5M
$21.9M
Q1 24
$20.7M
$-10.7M
Free Cash Flow
APEI
APEI
TFIN
TFIN
Q4 25
$-15.6M
Q3 25
$17.5M
$22.4M
Q2 25
$11.1M
$6.8M
Q1 25
$33.1M
$-7.9M
Q4 24
$-1.8M
Q3 24
$7.8M
$25.8M
Q2 24
$7.3M
$-31.9M
Q1 24
$14.5M
FCF Margin
APEI
APEI
TFIN
TFIN
Q4 25
-9.9%
Q3 25
10.7%
20.5%
Q2 25
6.8%
6.2%
Q1 25
20.1%
-7.7%
Q4 24
-1.1%
Q3 24
5.1%
24.3%
Q2 24
4.7%
-30.3%
Q1 24
9.4%
Capex Intensity
APEI
APEI
TFIN
TFIN
Q4 25
2.6%
Q3 25
2.6%
1.8%
Q2 25
2.3%
2.8%
Q1 25
2.4%
4.2%
Q4 24
2.0%
Q3 24
4.1%
0.8%
Q2 24
3.4%
51.1%
Q1 24
4.0%
Cash Conversion
APEI
APEI
TFIN
TFIN
Q4 25
-0.92×
Q3 25
3.90×
14.29×
Q2 25
3.29×
2.22×
Q1 25
4.16×
-212.82×
Q4 24
0.12×
15.25×
Q3 24
6.22×
4.97×
Q2 24
33.57×
7.95×
Q1 24
40.20×
-2.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APEI
APEI

American Public Education Inc Segment$71.0M45%
Rasmussen University Segment$66.6M42%
Hondros College Of Nursing Segment$20.7M13%

TFIN
TFIN

Segment breakdown not available.

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