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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and Urban Edge Properties (UE). 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 $132.6M, roughly 1.2× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs 8.0%, a 9.1% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs -3.5%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% 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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
APEI vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $132.6M |
| Net Profit | $12.6M | $22.6M |
| Gross Margin | 56.4% | — |
| Operating Margin | 12.0% | — |
| Net Margin | 8.0% | 17.1% |
| Revenue YoY | -3.5% | 12.2% |
| Net Profit YoY | -2.7% | -6.7% |
| EPS (diluted) | $0.67 | $0.18 |
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 | — | $132.6M | ||
| Q4 25 | $158.3M | $119.6M | ||
| Q3 25 | $163.2M | $120.1M | ||
| Q2 25 | $162.8M | $114.1M | ||
| Q1 25 | $164.6M | $118.2M | ||
| Q4 24 | $164.1M | $116.4M | ||
| Q3 24 | $153.1M | $112.4M | ||
| Q2 24 | $152.9M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $12.6M | $12.4M | ||
| Q3 25 | $5.6M | $14.9M | ||
| Q2 25 | $4.5M | $58.0M | ||
| Q1 25 | $8.9M | $8.2M | ||
| Q4 24 | $13.0M | $30.1M | ||
| Q3 24 | $2.3M | $9.1M | ||
| Q2 24 | $371.0K | $30.8M |
| 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% | 11.3% | ||
| Q3 25 | 5.9% | 13.4% | ||
| Q2 25 | 4.3% | 53.9% | ||
| Q1 25 | 7.4% | 7.6% | ||
| Q4 24 | 13.1% | 27.6% | ||
| Q3 24 | 2.7% | 8.9% | ||
| Q2 24 | 1.5% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | 8.0% | 10.4% | ||
| Q3 25 | 3.4% | 12.4% | ||
| Q2 25 | 2.8% | 50.8% | ||
| Q1 25 | 5.4% | 6.9% | ||
| Q4 24 | 7.9% | 25.9% | ||
| Q3 24 | 1.5% | 8.1% | ||
| Q2 24 | 0.2% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.67 | $0.09 | ||
| Q3 25 | $0.30 | $0.12 | ||
| Q2 25 | $-0.02 | $0.46 | ||
| Q1 25 | $0.41 | $0.07 | ||
| Q4 24 | $0.63 | $0.25 | ||
| Q3 24 | $0.04 | $0.07 | ||
| Q2 24 | $-0.06 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $1.4B |
| Total Assets | $521.4M | $3.4B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $174.1M | $48.9M | ||
| Q3 25 | $191.3M | $77.8M | ||
| Q2 25 | $174.9M | $53.0M | ||
| Q1 25 | $161.6M | $48.0M | ||
| Q4 24 | $131.9M | $41.4M | ||
| Q3 24 | $135.4M | $67.9M | ||
| Q2 24 | $129.8M | $78.6M |
| 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 | — | $1.4B | ||
| Q4 25 | $294.8M | $1.4B | ||
| Q3 25 | $279.3M | $1.4B | ||
| Q2 25 | $272.2M | $1.4B | ||
| Q1 25 | $310.0M | $1.4B | ||
| Q4 24 | $303.9M | $1.4B | ||
| Q3 24 | $290.4M | $1.3B | ||
| Q2 24 | $288.7M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $521.4M | $3.3B | ||
| Q3 25 | $525.3M | $3.3B | ||
| Q2 25 | $537.4M | $3.3B | ||
| Q1 25 | $578.7M | $3.3B | ||
| Q4 24 | $570.1M | $3.3B | ||
| Q3 24 | $569.6M | $3.2B | ||
| Q2 24 | $560.7M | $3.2B |
| 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 | $39.1M |
| Free Cash FlowOCF − Capex | $-15.6M | — |
| FCF MarginFCF / Revenue | -9.9% | — |
| Capex IntensityCapex / Revenue | 2.6% | 1.5% |
| Cash ConversionOCF / Net Profit | -0.92× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $-11.6M | $182.7M | ||
| Q3 25 | $21.7M | $55.7M | ||
| Q2 25 | $14.8M | $43.5M | ||
| Q1 25 | $37.0M | $32.6M | ||
| Q4 24 | $1.6M | $153.2M | ||
| Q3 24 | $14.1M | $36.6M | ||
| Q2 24 | $12.5M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-15.6M | $81.8M | ||
| Q3 25 | $17.5M | $26.1M | ||
| Q2 25 | $11.1M | $19.6M | ||
| Q1 25 | $33.1M | $11.9M | ||
| Q4 24 | $-1.8M | $42.5M | ||
| Q3 24 | $7.8M | $12.2M | ||
| Q2 24 | $7.3M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -9.9% | 68.4% | ||
| Q3 25 | 10.7% | 21.7% | ||
| Q2 25 | 6.8% | 17.2% | ||
| Q1 25 | 20.1% | 10.0% | ||
| Q4 24 | -1.1% | 36.6% | ||
| Q3 24 | 5.1% | 10.8% | ||
| Q2 24 | 4.7% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 2.6% | 84.4% | ||
| Q3 25 | 2.6% | 24.6% | ||
| Q2 25 | 2.3% | 20.9% | ||
| Q1 25 | 2.4% | 17.5% | ||
| Q4 24 | 2.0% | 95.1% | ||
| Q3 24 | 4.1% | 21.7% | ||
| Q2 24 | 3.4% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | -0.92× | 14.71× | ||
| Q3 25 | 3.90× | 3.73× | ||
| Q2 25 | 3.29× | 0.75× | ||
| Q1 25 | 4.16× | 3.97× | ||
| Q4 24 | 0.12× | 5.09× | ||
| Q3 24 | 6.22× | 4.03× | ||
| Q2 24 | 33.57× | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
