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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $132.7M, roughly 1.7× Emerald Holding, Inc.). Phoenix Education Partners, Inc. runs the higher net margin — 4.8% vs -22.8%, a 27.6% gap on every dollar of revenue. Phoenix Education Partners, Inc. produced more free cash flow last quarter ($43.5M vs $11.7M).

TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

EEX vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.7× larger
PXED
$222.5M
$132.7M
EEX
Higher net margin
PXED
PXED
27.6% more per $
PXED
4.8%
-22.8%
EEX
More free cash flow
PXED
PXED
$31.8M more FCF
PXED
$43.5M
$11.7M
EEX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EEX
EEX
PXED
PXED
Revenue
$132.7M
$222.5M
Net Profit
$-30.2M
$10.8M
Gross Margin
Operating Margin
-11.8%
6.3%
Net Margin
-22.8%
4.8%
Revenue YoY
24.3%
Net Profit YoY
-692.2%
EPS (diluted)
$-0.15
$0.28

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
EEX
EEX
PXED
PXED
Q1 26
$222.5M
Q4 25
$132.7M
$262.0M
Q3 25
$77.5M
Q2 25
$105.5M
Q1 25
$147.7M
Q4 24
$106.8M
Q3 24
$72.6M
Q2 24
$86.0M
Net Profit
EEX
EEX
PXED
PXED
Q1 26
$10.8M
Q4 25
$-30.2M
$15.5M
Q3 25
$-14.4M
Q2 25
$-1.4M
Q1 25
$15.3M
Q4 24
$5.1M
Q3 24
$-11.1M
Q2 24
$-2.8M
Operating Margin
EEX
EEX
PXED
PXED
Q1 26
6.3%
Q4 25
-11.8%
9.8%
Q3 25
-10.1%
Q2 25
9.7%
Q1 25
24.2%
Q4 24
19.5%
Q3 24
-6.5%
Q2 24
7.4%
Net Margin
EEX
EEX
PXED
PXED
Q1 26
4.8%
Q4 25
-22.8%
5.9%
Q3 25
-18.6%
Q2 25
-1.3%
Q1 25
10.4%
Q4 24
4.8%
Q3 24
-15.3%
Q2 24
-3.3%
EPS (diluted)
EEX
EEX
PXED
PXED
Q1 26
$0.28
Q4 25
$-0.15
$0.40
Q3 25
$-0.07
Q2 25
$-0.01
Q1 25
$0.08
Q4 24
$0.01
Q3 24
$-0.05
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
EEX
EEX
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$100.9M
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$338.8M
$291.1M
Total Assets
$1.2B
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EEX
EEX
PXED
PXED
Q1 26
$201.4M
Q4 25
$100.9M
$163.5M
Q3 25
$95.4M
Q2 25
$156.4M
Q1 25
$276.8M
Q4 24
$194.8M
Q3 24
$188.9M
Q2 24
$193.2M
Total Debt
EEX
EEX
PXED
PXED
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
EEX
EEX
PXED
PXED
Q1 26
$291.1M
Q4 25
$338.8M
$280.4M
Q3 25
$369.5M
Q2 25
$389.4M
Q1 25
$392.1M
Q4 24
$385.9M
Q3 24
$391.1M
Q2 24
$407.6M
Total Assets
EEX
EEX
PXED
PXED
Q1 26
$546.4M
Q4 25
$1.2B
$549.6M
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Debt / Equity
EEX
EEX
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
EEX
EEX
PXED
PXED
Operating Cash FlowLast quarter
$12.3M
$48.9M
Free Cash FlowOCF − Capex
$11.7M
$43.5M
FCF MarginFCF / Revenue
8.8%
19.6%
Capex IntensityCapex / Revenue
0.5%
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters
$41.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EEX
EEX
PXED
PXED
Q1 26
$48.9M
Q4 25
$12.3M
$31.1M
Q3 25
$1.8M
Q2 25
$15.9M
Q1 25
$12.6M
Q4 24
$20.6M
Q3 24
$9.1M
Q2 24
$9.8M
Free Cash Flow
EEX
EEX
PXED
PXED
Q1 26
$43.5M
Q4 25
$11.7M
$26.4M
Q3 25
$1.5M
Q2 25
$15.8M
Q1 25
$12.4M
Q4 24
$19.9M
Q3 24
$9.0M
Q2 24
$9.6M
FCF Margin
EEX
EEX
PXED
PXED
Q1 26
19.6%
Q4 25
8.8%
10.1%
Q3 25
1.9%
Q2 25
15.0%
Q1 25
8.4%
Q4 24
18.6%
Q3 24
12.4%
Q2 24
11.2%
Capex Intensity
EEX
EEX
PXED
PXED
Q1 26
2.4%
Q4 25
0.5%
1.8%
Q3 25
0.4%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.7%
Q3 24
0.1%
Q2 24
0.2%
Cash Conversion
EEX
EEX
PXED
PXED
Q1 26
4.53×
Q4 25
2.01×
Q3 25
Q2 25
Q1 25
0.82×
Q4 24
4.04×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EEX
EEX

Connections Segment$121.9M92%
Commerce Segment$5.5M4%
Content$5.3M4%

PXED
PXED

Segment breakdown not available.

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