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Side-by-side financial comparison of ALLIANCE RESOURCE PARTNERS LP (ARLP) and Adtalem Global Education Inc. (ATGE). Click either name above to swap in a different company.

ALLIANCE RESOURCE PARTNERS LP is the larger business by last-quarter revenue ($516.0M vs $503.4M, roughly 1.0× Adtalem Global Education Inc.). Adtalem Global Education Inc. runs the higher net margin — 15.2% vs 2.1%, a 13.1% gap on every dollar of revenue. On growth, Adtalem Global Education Inc. posted the faster year-over-year revenue change (12.4% vs -3.6%). Adtalem Global Education Inc. produced more free cash flow last quarter ($15.1M vs $13.3M). Over the past eight quarters, Adtalem Global Education Inc.'s revenue compounded faster (10.4% CAGR vs -6.7%).

Alliance Resource Partners LP is a leading North American natural resource enterprise primarily engaged in the production and marketing of coal for utility and industrial customers. It also operates complementary business segments including mineral royalty management, oil and gas extraction, and logistics support services.

Adtalem Global Education Inc. is a US corporation based in Chicago, Illinois, that operates for-profit higher education institutions, including American University of the Caribbean School of Medicine, Chamberlain University, Ross University School of Medicine, Ross University School of Veterinary Medicine, and Walden University.

ARLP vs ATGE — Head-to-Head

Bigger by revenue
ARLP
ARLP
1.0× larger
ARLP
$516.0M
$503.4M
ATGE
Growing faster (revenue YoY)
ATGE
ATGE
+16.1% gap
ATGE
12.4%
-3.6%
ARLP
Higher net margin
ATGE
ATGE
13.1% more per $
ATGE
15.2%
2.1%
ARLP
More free cash flow
ATGE
ATGE
$1.8M more FCF
ATGE
$15.1M
$13.3M
ARLP
Faster 2-yr revenue CAGR
ATGE
ATGE
Annualised
ATGE
10.4%
-6.7%
ARLP

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
ARLP
ARLP
ATGE
ATGE
Revenue
$516.0M
$503.4M
Net Profit
$10.7M
$76.4M
Gross Margin
59.2%
Operating Margin
4.2%
22.1%
Net Margin
2.1%
15.2%
Revenue YoY
-3.6%
12.4%
Net Profit YoY
0.7%
EPS (diluted)
$2.11

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
ARLP
ARLP
ATGE
ATGE
Q1 26
$516.0M
Q4 25
$535.5M
$503.4M
Q3 25
$571.4M
$462.3M
Q2 25
$547.5M
$457.1M
Q1 25
$540.5M
$466.1M
Q4 24
$590.1M
$447.7M
Q3 24
$613.6M
$417.4M
Q2 24
$593.4M
$409.9M
Net Profit
ARLP
ARLP
ATGE
ATGE
Q1 26
$10.7M
Q4 25
$82.7M
$76.4M
Q3 25
$95.1M
$61.8M
Q2 25
$59.4M
$54.2M
Q1 25
$74.0M
$60.8M
Q4 24
$16.3M
$75.9M
Q3 24
$86.3M
$46.2M
Q2 24
$100.2M
$49.4M
Gross Margin
ARLP
ARLP
ATGE
ATGE
Q1 26
Q4 25
59.2%
Q3 25
56.6%
Q2 25
56.5%
Q1 25
57.1%
Q4 24
58.3%
Q3 24
55.4%
Q2 24
55.5%
Operating Margin
ARLP
ARLP
ATGE
ATGE
Q1 26
4.2%
Q4 25
18.2%
22.1%
Q3 25
18.4%
18.5%
Q2 25
16.2%
16.8%
Q1 25
17.4%
19.4%
Q4 24
2.6%
23.2%
Q3 24
16.5%
16.8%
Q2 24
19.8%
16.7%
Net Margin
ARLP
ARLP
ATGE
ATGE
Q1 26
2.1%
Q4 25
15.4%
15.2%
Q3 25
16.6%
13.4%
Q2 25
10.9%
11.9%
Q1 25
13.7%
13.1%
Q4 24
2.8%
16.9%
Q3 24
14.1%
11.1%
Q2 24
16.9%
12.1%
EPS (diluted)
ARLP
ARLP
ATGE
ATGE
Q1 26
Q4 25
$2.11
Q3 25
$1.67
Q2 25
$1.43
Q1 25
$1.59
Q4 24
$1.98
Q3 24
$1.18
Q2 24
$1.23

Balance Sheet & Financial Strength

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

Metric
ARLP
ARLP
ATGE
ATGE
Cash + ST InvestmentsLiquidity on hand
$28.9M
$56.3M
Total DebtLower is stronger
$504.3M
Stockholders' EquityBook value
$1.4B
Total Assets
$2.9B
$2.6B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARLP
ARLP
ATGE
ATGE
Q1 26
$28.9M
Q4 25
$71.2M
$56.3M
Q3 25
$94.5M
$264.7M
Q2 25
$55.0M
$199.6M
Q1 25
$81.3M
$219.0M
Q4 24
$137.0M
$194.0M
Q3 24
$195.4M
$264.8M
Q2 24
$203.7M
$219.3M
Total Debt
ARLP
ARLP
ATGE
ATGE
Q1 26
Q4 25
$504.3M
Q3 25
$553.2M
Q2 25
$552.7M
Q1 25
$552.2M
Q4 24
$649.9M
Q3 24
$649.3M
Q2 24
$648.7M
Stockholders' Equity
ARLP
ARLP
ATGE
ATGE
Q1 26
Q4 25
$1.4B
Q3 25
$1.5B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Total Assets
ARLP
ARLP
ATGE
ATGE
Q1 26
$2.9B
Q4 25
$2.9B
$2.6B
Q3 25
$2.9B
$2.9B
Q2 25
$2.9B
$2.8B
Q1 25
$2.9B
$2.8B
Q4 24
$2.9B
$2.7B
Q3 24
$3.0B
$2.8B
Q2 24
$3.1B
$2.7B
Debt / Equity
ARLP
ARLP
ATGE
ATGE
Q1 26
Q4 25
0.37×
Q3 25
0.38×
Q2 25
0.39×
Q1 25
0.39×
Q4 24
0.45×
Q3 24
0.47×
Q2 24
0.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARLP
ARLP
ATGE
ATGE
Operating Cash FlowLast quarter
$29.7M
Free Cash FlowOCF − Capex
$13.3M
$15.1M
FCF MarginFCF / Revenue
2.6%
3.0%
Capex IntensityCapex / Revenue
18.5%
2.9%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$342.2M
$368.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARLP
ARLP
ATGE
ATGE
Q1 26
Q4 25
$143.9M
$29.7M
Q3 25
$209.9M
$130.5M
Q2 25
$151.7M
$59.7M
Q1 25
$145.7M
$207.9M
Q4 24
$168.4M
$-19.0M
Q3 24
$209.3M
$89.3M
Q2 24
$215.8M
$40.6M
Free Cash Flow
ARLP
ARLP
ATGE
ATGE
Q1 26
$13.3M
Q4 25
$99.1M
$15.1M
Q3 25
$145.2M
$114.5M
Q2 25
$84.7M
$40.7M
Q1 25
$58.9M
$197.7M
Q4 24
$75.3M
$-29.7M
Q3 24
$99.0M
$78.9M
Q2 24
$114.3M
$37.4M
FCF Margin
ARLP
ARLP
ATGE
ATGE
Q1 26
2.6%
Q4 25
18.5%
3.0%
Q3 25
25.4%
24.8%
Q2 25
15.5%
8.9%
Q1 25
10.9%
42.4%
Q4 24
12.8%
-6.6%
Q3 24
16.1%
18.9%
Q2 24
19.3%
9.1%
Capex Intensity
ARLP
ARLP
ATGE
ATGE
Q1 26
18.5%
Q4 25
8.4%
2.9%
Q3 25
11.3%
3.5%
Q2 25
12.2%
4.2%
Q1 25
16.1%
2.2%
Q4 24
15.8%
2.4%
Q3 24
18.0%
2.5%
Q2 24
17.1%
0.8%
Cash Conversion
ARLP
ARLP
ATGE
ATGE
Q1 26
Q4 25
1.74×
0.39×
Q3 25
2.21×
2.11×
Q2 25
2.55×
1.10×
Q1 25
1.97×
3.42×
Q4 24
10.31×
-0.25×
Q3 24
2.43×
1.93×
Q2 24
2.15×
0.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARLP
ARLP

Coal sales$443.3M86%
Oil & gas royalties$41.3M8%
Other revenues$22.8M4%
Transportation revenues$8.6M2%
Tons Produced$8.0M2%
Mineral Interest Volumes (BOE)$1.0M0%

ATGE
ATGE

Walden University Segment$217.6M43%
Chamberlain University Segment$183.8M37%
Medical And Veterinary$102.0M20%
Other Services$1.6M0%

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