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Side-by-side financial comparison of CMB.TECH NV (CMBT) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.

CMB.TECH NV is the larger business by last-quarter revenue ($592.8M vs $308.1M, roughly 1.9× Grand Canyon Education, Inc.). CMB.TECH NV runs the higher net margin — 32.3% vs 28.1%, a 4.1% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.

CMBT vs LOPE — Head-to-Head

Bigger by revenue
CMBT
CMBT
1.9× larger
CMBT
$592.8M
$308.1M
LOPE
Growing faster (revenue YoY)
LOPE
LOPE
+39.9% gap
LOPE
5.3%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
4.1% more per $
CMBT
32.3%
28.1%
LOPE

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBT
CMBT
LOPE
LOPE
Revenue
$592.8M
$308.1M
Net Profit
$191.2M
$86.7M
Gross Margin
Operating Margin
46.4%
35.1%
Net Margin
32.3%
28.1%
Revenue YoY
-34.6%
5.3%
Net Profit YoY
-63.3%
5.9%
EPS (diluted)
$1.01
$3.13

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
CMBT
CMBT
LOPE
LOPE
Q4 25
$308.1M
Q3 25
$261.1M
Q2 25
$247.5M
Q1 25
$289.3M
Q4 24
$592.8M
$292.6M
Q3 24
$238.3M
Q2 24
$227.5M
Q1 24
$274.7M
Net Profit
CMBT
CMBT
LOPE
LOPE
Q4 25
$86.7M
Q3 25
$16.3M
Q2 25
$41.5M
Q1 25
$71.6M
Q4 24
$191.2M
$81.9M
Q3 24
$41.5M
Q2 24
$34.9M
Q1 24
$68.0M
Operating Margin
CMBT
CMBT
LOPE
LOPE
Q4 25
35.1%
Q3 25
6.9%
Q2 25
20.9%
Q1 25
30.4%
Q4 24
46.4%
34.2%
Q3 24
20.2%
Q2 24
18.8%
Q1 24
30.8%
Net Margin
CMBT
CMBT
LOPE
LOPE
Q4 25
28.1%
Q3 25
6.2%
Q2 25
16.8%
Q1 25
24.8%
Q4 24
32.3%
28.0%
Q3 24
17.4%
Q2 24
15.3%
Q1 24
24.8%
EPS (diluted)
CMBT
CMBT
LOPE
LOPE
Q4 25
$3.13
Q3 25
$0.58
Q2 25
$1.48
Q1 25
$2.52
Q4 24
$1.01
$2.83
Q3 24
$1.42
Q2 24
$1.19
Q1 24
$2.29

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
LOPE
LOPE
Cash + ST InvestmentsLiquidity on hand
$38.9M
$111.8M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$1.2B
$746.9M
Total Assets
$3.9B
$992.3M
Debt / EquityLower = less leverage
2.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
LOPE
LOPE
Q4 25
$111.8M
Q3 25
$97.3M
Q2 25
$192.3M
Q1 25
$144.5M
Q4 24
$38.9M
$324.6M
Q3 24
$263.6M
Q2 24
$241.3M
Q1 24
$196.2M
Total Debt
CMBT
CMBT
LOPE
LOPE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$2.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CMBT
CMBT
LOPE
LOPE
Q4 25
$746.9M
Q3 25
$758.0M
Q2 25
$778.0M
Q1 25
$780.7M
Q4 24
$1.2B
$783.9M
Q3 24
$764.1M
Q2 24
$759.2M
Q1 24
$759.4M
Total Assets
CMBT
CMBT
LOPE
LOPE
Q4 25
$992.3M
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$3.9B
$1.0B
Q3 24
$992.9M
Q2 24
$992.7M
Q1 24
$1.0B
Debt / Equity
CMBT
CMBT
LOPE
LOPE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.20×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CMBT
CMBT
LOPE
LOPE
Operating Cash FlowLast quarter
$204.4M
$130.5M
Free Cash FlowOCF − Capex
$122.9M
FCF MarginFCF / Revenue
39.9%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.07×
1.50×
TTM Free Cash FlowTrailing 4 quarters
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
LOPE
LOPE
Q4 25
$130.5M
Q3 25
$-48.6M
Q2 25
$124.0M
Q1 25
$67.6M
Q4 24
$204.4M
$135.8M
Q3 24
$-29.4M
Q2 24
$98.6M
Q1 24
$85.0M
Free Cash Flow
CMBT
CMBT
LOPE
LOPE
Q4 25
$122.9M
Q3 25
$-58.3M
Q2 25
$115.4M
Q1 25
$58.7M
Q4 24
$126.1M
Q3 24
$-39.0M
Q2 24
$89.6M
Q1 24
$76.0M
FCF Margin
CMBT
CMBT
LOPE
LOPE
Q4 25
39.9%
Q3 25
-22.3%
Q2 25
46.6%
Q1 25
20.3%
Q4 24
43.1%
Q3 24
-16.3%
Q2 24
39.4%
Q1 24
27.7%
Capex Intensity
CMBT
CMBT
LOPE
LOPE
Q4 25
2.5%
Q3 25
3.7%
Q2 25
3.5%
Q1 25
3.1%
Q4 24
3.3%
Q3 24
4.0%
Q2 24
3.9%
Q1 24
3.3%
Cash Conversion
CMBT
CMBT
LOPE
LOPE
Q4 25
1.50×
Q3 25
-2.99×
Q2 25
2.98×
Q1 25
0.94×
Q4 24
1.07×
1.66×
Q3 24
-0.71×
Q2 24
2.83×
Q1 24
1.25×

Financial Flow Comparison

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

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