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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $158.3M, roughly 1.5× AMERICAN PUBLIC EDUCATION INC). Tecnoglass Inc. runs the higher net margin — 10.6% vs 8.0%, a 2.7% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -3.5%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-15.6M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
APEI vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $245.3M |
| Net Profit | $12.6M | $26.1M |
| Gross Margin | 56.4% | 40.0% |
| Operating Margin | 12.0% | 18.3% |
| Net Margin | 8.0% | 10.6% |
| Revenue YoY | -3.5% | 2.4% |
| Net Profit YoY | -2.7% | -44.5% |
| EPS (diluted) | $0.67 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $163.2M | $260.5M | ||
| Q2 25 | $162.8M | $255.5M | ||
| Q1 25 | $164.6M | $222.3M | ||
| Q4 24 | $164.1M | $239.6M | ||
| Q3 24 | $153.1M | $238.3M | ||
| Q2 24 | $152.9M | $219.7M | ||
| Q1 24 | $154.4M | $192.6M |
| Q4 25 | $12.6M | $26.1M | ||
| Q3 25 | $5.6M | $47.2M | ||
| Q2 25 | $4.5M | $44.1M | ||
| Q1 25 | $8.9M | $42.2M | ||
| Q4 24 | $13.0M | $47.0M | ||
| Q3 24 | $2.3M | $49.5M | ||
| Q2 24 | $371.0K | $35.0M | ||
| Q1 24 | $516.0K | $29.7M |
| Q4 25 | 56.4% | 40.0% | ||
| Q3 25 | 54.2% | 42.7% | ||
| Q2 25 | 51.8% | 44.7% | ||
| Q1 25 | 54.5% | 43.9% | ||
| Q4 24 | 56.3% | 44.5% | ||
| Q3 24 | 50.8% | 45.8% | ||
| Q2 24 | 50.2% | 40.8% | ||
| Q1 24 | 53.1% | 38.8% |
| Q4 25 | 12.0% | 18.3% | ||
| Q3 25 | 5.9% | 25.1% | ||
| Q2 25 | 4.3% | 24.0% | ||
| Q1 25 | 7.4% | 26.7% | ||
| Q4 24 | 13.1% | 28.0% | ||
| Q3 24 | 2.7% | 28.4% | ||
| Q2 24 | 1.5% | 23.3% | ||
| Q1 24 | 3.4% | 21.3% |
| Q4 25 | 8.0% | 10.6% | ||
| Q3 25 | 3.4% | 18.1% | ||
| Q2 25 | 2.8% | 17.3% | ||
| Q1 25 | 5.4% | 19.0% | ||
| Q4 24 | 7.9% | 19.6% | ||
| Q3 24 | 1.5% | 20.8% | ||
| Q2 24 | 0.2% | 15.9% | ||
| Q1 24 | 0.3% | 15.4% |
| Q4 25 | $0.67 | $0.57 | ||
| Q3 25 | $0.30 | $1.01 | ||
| Q2 25 | $-0.02 | $0.94 | ||
| Q1 25 | $0.41 | $0.90 | ||
| Q4 24 | $0.63 | $1.00 | ||
| Q3 24 | $0.04 | $1.05 | ||
| Q2 24 | $-0.06 | $0.75 | ||
| Q1 24 | $-0.06 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $94.7M | $174.4M |
| Stockholders' EquityBook value | $294.8M | $713.1M |
| Total Assets | $521.4M | $1.3B |
| Debt / EquityLower = less leverage | 0.32× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $104.1M | ||
| Q3 25 | $191.3M | $127.1M | ||
| Q2 25 | $174.9M | $140.9M | ||
| Q1 25 | $161.6M | $160.2M | ||
| Q4 24 | $131.9M | $137.5M | ||
| Q3 24 | $135.4M | $124.8M | ||
| Q2 24 | $129.8M | $129.5M | ||
| Q1 24 | $125.3M | $138.8M |
| Q4 25 | $94.7M | $174.4M | ||
| Q3 25 | $94.4M | $114.7M | ||
| Q2 25 | $94.1M | $110.6M | ||
| Q1 25 | $93.7M | $110.6M | ||
| Q4 24 | $93.4M | $111.1M | ||
| Q3 24 | $93.1M | $126.8M | ||
| Q2 24 | $92.8M | $144.7M | ||
| Q1 24 | $95.0M | $160.9M |
| Q4 25 | $294.8M | $713.1M | ||
| Q3 25 | $279.3M | $764.0M | ||
| Q2 25 | $272.2M | $736.0M | ||
| Q1 25 | $310.0M | $685.1M | ||
| Q4 24 | $303.9M | $631.2M | ||
| Q3 24 | $290.4M | $613.3M | ||
| Q2 24 | $288.7M | $574.8M | ||
| Q1 24 | $288.5M | $573.6M |
| Q4 25 | $521.4M | $1.3B | ||
| Q3 25 | $525.3M | $1.2B | ||
| Q2 25 | $537.4M | $1.2B | ||
| Q1 25 | $578.7M | $1.1B | ||
| Q4 24 | $570.1M | $1.0B | ||
| Q3 24 | $569.6M | $996.3M | ||
| Q2 24 | $560.7M | $942.5M | ||
| Q1 24 | $559.0M | $981.6M |
| Q4 25 | 0.32× | 0.24× | ||
| Q3 25 | 0.34× | 0.15× | ||
| Q2 25 | 0.35× | 0.15× | ||
| Q1 25 | 0.30× | 0.16× | ||
| Q4 24 | 0.31× | 0.18× | ||
| Q3 24 | 0.32× | 0.21× | ||
| Q2 24 | 0.32× | 0.25× | ||
| Q1 24 | 0.33× | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $-15.6M | $11.4M |
| FCF MarginFCF / Revenue | -9.9% | 4.7% |
| Capex IntensityCapex / Revenue | 2.6% | 8.0% |
| Cash ConversionOCF / Net Profit | -0.92× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.6M | $31.0M | ||
| Q3 25 | $21.7M | $40.0M | ||
| Q2 25 | $14.8M | $17.9M | ||
| Q1 25 | $37.0M | $46.9M | ||
| Q4 24 | $1.6M | $61.1M | ||
| Q3 24 | $14.1M | $41.5M | ||
| Q2 24 | $12.5M | $34.5M | ||
| Q1 24 | $20.7M | $33.4M |
| Q4 25 | $-15.6M | $11.4M | ||
| Q3 25 | $17.5M | $21.2M | ||
| Q2 25 | $11.1M | $-14.7M | ||
| Q1 25 | $33.1M | $16.5M | ||
| Q4 24 | $-1.8M | $35.4M | ||
| Q3 24 | $7.8M | $17.8M | ||
| Q2 24 | $7.3M | $14.2M | ||
| Q1 24 | $14.5M | $23.6M |
| Q4 25 | -9.9% | 4.7% | ||
| Q3 25 | 10.7% | 8.2% | ||
| Q2 25 | 6.8% | -5.7% | ||
| Q1 25 | 20.1% | 7.4% | ||
| Q4 24 | -1.1% | 14.8% | ||
| Q3 24 | 5.1% | 7.5% | ||
| Q2 24 | 4.7% | 6.5% | ||
| Q1 24 | 9.4% | 12.2% |
| Q4 25 | 2.6% | 8.0% | ||
| Q3 25 | 2.6% | 7.2% | ||
| Q2 25 | 2.3% | 12.7% | ||
| Q1 25 | 2.4% | 13.7% | ||
| Q4 24 | 2.0% | 10.7% | ||
| Q3 24 | 4.1% | 9.9% | ||
| Q2 24 | 3.4% | 9.2% | ||
| Q1 24 | 4.0% | 5.1% |
| Q4 25 | -0.92× | 1.19× | ||
| Q3 25 | 3.90× | 0.85× | ||
| Q2 25 | 3.29× | 0.41× | ||
| Q1 25 | 4.16× | 1.11× | ||
| Q4 24 | 0.12× | 1.30× | ||
| Q3 24 | 6.22× | 0.84× | ||
| Q2 24 | 33.57× | 0.98× | ||
| Q1 24 | 40.20× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
