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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and WESBANCO INC (WSBC). Click either name above to swap in a different company.
WESBANCO INC is the larger business by last-quarter revenue ($257.2M vs $158.3M, roughly 1.6× AMERICAN PUBLIC EDUCATION INC). WESBANCO INC runs the higher net margin — 34.5% vs 8.0%, a 26.5% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% 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.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
APEI vs WSBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $257.2M |
| Net Profit | $12.6M | $88.6M |
| Gross Margin | 56.4% | — |
| Operating Margin | 12.0% | — |
| Net Margin | 8.0% | 34.5% |
| Revenue YoY | -3.5% | — |
| Net Profit YoY | -2.7% | 54.4% |
| EPS (diluted) | $0.67 | $0.88 |
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 | — | $257.2M | ||
| Q4 25 | $158.3M | $265.6M | ||
| Q3 25 | $163.2M | $261.6M | ||
| Q2 25 | $162.8M | $260.7M | ||
| Q1 25 | $164.6M | $193.2M | ||
| Q4 24 | $164.1M | $162.9M | ||
| Q3 24 | $153.1M | $150.8M | ||
| Q2 24 | $152.9M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $12.6M | $91.1M | ||
| Q3 25 | $5.6M | $83.6M | ||
| Q2 25 | $4.5M | $57.4M | ||
| Q1 25 | $8.9M | $-9.0M | ||
| Q4 24 | $13.0M | $49.6M | ||
| Q3 24 | $2.3M | $37.3M | ||
| Q2 24 | $371.0K | $28.9M |
| 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% | 43.2% | ||
| Q3 25 | 5.9% | 39.5% | ||
| Q2 25 | 4.3% | 27.2% | ||
| Q1 25 | 7.4% | -5.0% | ||
| Q4 24 | 13.1% | 38.0% | ||
| Q3 24 | 2.7% | 29.7% | ||
| Q2 24 | 1.5% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | 8.0% | 34.3% | ||
| Q3 25 | 3.4% | 31.9% | ||
| Q2 25 | 2.8% | 22.0% | ||
| Q1 25 | 5.4% | -4.7% | ||
| Q4 24 | 7.9% | 30.5% | ||
| Q3 24 | 1.5% | 24.7% | ||
| Q2 24 | 0.2% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.67 | $0.97 | ||
| Q3 25 | $0.30 | $0.84 | ||
| Q2 25 | $-0.02 | $0.57 | ||
| Q1 25 | $0.41 | $-0.15 | ||
| Q4 24 | $0.63 | $0.72 | ||
| Q3 24 | $0.04 | $0.54 | ||
| Q2 24 | $-0.06 | $0.44 |
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 | — |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $4.1B |
| Total Assets | $521.4M | $27.5B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $174.1M | $956.1M | ||
| Q3 25 | $191.3M | $1.0B | ||
| Q2 25 | $174.9M | $1.2B | ||
| Q1 25 | $161.6M | $1.1B | ||
| Q4 24 | $131.9M | $568.1M | ||
| Q3 24 | $135.4M | $620.9M | ||
| Q2 24 | $129.8M | $486.8M |
| 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 | — | $4.1B | ||
| Q4 25 | $294.8M | $4.0B | ||
| Q3 25 | $279.3M | $4.1B | ||
| Q2 25 | $272.2M | $3.8B | ||
| Q1 25 | $310.0M | $3.8B | ||
| Q4 24 | $303.9M | $2.8B | ||
| Q3 24 | $290.4M | $2.8B | ||
| Q2 24 | $288.7M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $521.4M | $27.7B | ||
| Q3 25 | $525.3M | $27.5B | ||
| Q2 25 | $537.4M | $27.6B | ||
| Q1 25 | $578.7M | $27.4B | ||
| Q4 24 | $570.1M | $18.7B | ||
| Q3 24 | $569.6M | $18.5B | ||
| Q2 24 | $560.7M | $18.1B |
| 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 | $290.4M | ||
| Q3 25 | $21.7M | $116.9M | ||
| Q2 25 | $14.8M | $105.0M | ||
| Q1 25 | $37.0M | $-26.4M | ||
| Q4 24 | $1.6M | $211.0M | ||
| Q3 24 | $14.1M | $60.7M | ||
| Q2 24 | $12.5M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-15.6M | $280.0M | ||
| Q3 25 | $17.5M | $114.9M | ||
| Q2 25 | $11.1M | $98.3M | ||
| Q1 25 | $33.1M | $-30.7M | ||
| Q4 24 | $-1.8M | $200.7M | ||
| Q3 24 | $7.8M | $56.9M | ||
| Q2 24 | $7.3M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | -9.9% | 105.4% | ||
| Q3 25 | 10.7% | 43.9% | ||
| Q2 25 | 6.8% | 37.7% | ||
| Q1 25 | 20.1% | -15.9% | ||
| Q4 24 | -1.1% | 123.2% | ||
| Q3 24 | 5.1% | 37.7% | ||
| Q2 24 | 4.7% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 3.9% | ||
| Q3 25 | 2.6% | 0.8% | ||
| Q2 25 | 2.3% | 2.6% | ||
| Q1 25 | 2.4% | 2.2% | ||
| Q4 24 | 2.0% | 6.3% | ||
| Q3 24 | 4.1% | 2.5% | ||
| Q2 24 | 3.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | -0.92× | 3.19× | ||
| Q3 25 | 3.90× | 1.40× | ||
| Q2 25 | 3.29× | 1.83× | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | 4.25× | ||
| Q3 24 | 6.22× | 1.63× | ||
| Q2 24 | 33.57× | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
