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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Montrose Environmental Group, Inc. (MEG). Click either name above to swap in a different company.

Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $193.3M, roughly 1.6× Montrose Environmental Group, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -4.3%, a 32.4% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs 2.2%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $46.5M). Over the past eight quarters, Montrose Environmental Group, Inc.'s revenue compounded faster (11.5% CAGR vs 5.9%).

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.

Montrose Environmental Group, Inc. is an American multinational corporation that provides wide-ranging environmental services. The company is vertically integrated across the environmental industry and supports public and private sector clientele. Montrose is headquartered in Little Rock, Arkansas and incorporated in the U.S. state of Delaware.

LOPE vs MEG — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.6× larger
LOPE
$308.1M
$193.3M
MEG
Growing faster (revenue YoY)
LOPE
LOPE
+3.1% gap
LOPE
5.3%
2.2%
MEG
Higher net margin
LOPE
LOPE
32.4% more per $
LOPE
28.1%
-4.3%
MEG
More free cash flow
LOPE
LOPE
$76.3M more FCF
LOPE
$122.9M
$46.5M
MEG
Faster 2-yr revenue CAGR
MEG
MEG
Annualised
MEG
11.5%
5.9%
LOPE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOPE
LOPE
MEG
MEG
Revenue
$308.1M
$193.3M
Net Profit
$86.7M
$-8.2M
Gross Margin
38.6%
Operating Margin
35.1%
-1.3%
Net Margin
28.1%
-4.3%
Revenue YoY
5.3%
2.2%
Net Profit YoY
5.9%
70.9%
EPS (diluted)
$3.13
$-0.13

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
LOPE
LOPE
MEG
MEG
Q4 25
$308.1M
$193.3M
Q3 25
$261.1M
$224.9M
Q2 25
$247.5M
$234.5M
Q1 25
$289.3M
$177.8M
Q4 24
$292.6M
$189.1M
Q3 24
$238.3M
$178.7M
Q2 24
$227.5M
$173.3M
Q1 24
$274.7M
$155.3M
Net Profit
LOPE
LOPE
MEG
MEG
Q4 25
$86.7M
$-8.2M
Q3 25
$16.3M
$8.4M
Q2 25
$41.5M
$18.4M
Q1 25
$71.6M
$-19.4M
Q4 24
$81.9M
$-28.2M
Q3 24
$41.5M
$-10.6M
Q2 24
$34.9M
$-10.2M
Q1 24
$68.0M
$-13.4M
Gross Margin
LOPE
LOPE
MEG
MEG
Q4 25
38.6%
Q3 25
39.4%
Q2 25
43.4%
Q1 25
39.0%
Q4 24
40.8%
Q3 24
40.9%
Q2 24
39.9%
Q1 24
37.8%
Operating Margin
LOPE
LOPE
MEG
MEG
Q4 25
35.1%
-1.3%
Q3 25
6.9%
4.4%
Q2 25
20.9%
6.4%
Q1 25
30.4%
-5.9%
Q4 24
34.2%
-12.1%
Q3 24
20.2%
-0.6%
Q2 24
18.8%
-1.5%
Q1 24
30.8%
-6.5%
Net Margin
LOPE
LOPE
MEG
MEG
Q4 25
28.1%
-4.3%
Q3 25
6.2%
3.7%
Q2 25
16.8%
7.8%
Q1 25
24.8%
-10.9%
Q4 24
28.0%
-14.9%
Q3 24
17.4%
-5.9%
Q2 24
15.3%
-5.9%
Q1 24
24.8%
-8.6%
EPS (diluted)
LOPE
LOPE
MEG
MEG
Q4 25
$3.13
$-0.13
Q3 25
$0.58
$0.21
Q2 25
$1.48
$0.42
Q1 25
$2.52
$-0.64
Q4 24
$2.83
$-0.91
Q3 24
$1.42
$-0.39
Q2 24
$1.19
$-0.39
Q1 24
$2.29
$-0.53

Balance Sheet & Financial Strength

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

Metric
LOPE
LOPE
MEG
MEG
Cash + ST InvestmentsLiquidity on hand
$111.8M
$11.2M
Total DebtLower is stronger
$277.1M
Stockholders' EquityBook value
$746.9M
$451.2M
Total Assets
$992.3M
$981.3M
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
MEG
MEG
Q4 25
$111.8M
$11.2M
Q3 25
$97.3M
$6.7M
Q2 25
$192.3M
$10.5M
Q1 25
$144.5M
$30.3M
Q4 24
$324.6M
$12.9M
Q3 24
$263.6M
$13.0M
Q2 24
$241.3M
$16.9M
Q1 24
$196.2M
$9.5M
Total Debt
LOPE
LOPE
MEG
MEG
Q4 25
$277.1M
Q3 25
$302.4M
Q2 25
$264.6M
Q1 25
$235.6M
Q4 24
$204.8M
Q3 24
$233.0M
Q2 24
$188.7M
Q1 24
$280.9M
Stockholders' Equity
LOPE
LOPE
MEG
MEG
Q4 25
$746.9M
$451.2M
Q3 25
$758.0M
$458.7M
Q2 25
$778.0M
$470.3M
Q1 25
$780.7M
$444.1M
Q4 24
$783.9M
$446.3M
Q3 24
$764.1M
$449.2M
Q2 24
$759.2M
$448.8M
Q1 24
$759.4M
$324.5M
Total Assets
LOPE
LOPE
MEG
MEG
Q4 25
$992.3M
$981.3M
Q3 25
$1.0B
$985.7M
Q2 25
$1.0B
$998.1M
Q1 25
$1.0B
$992.2M
Q4 24
$1.0B
$990.4M
Q3 24
$992.9M
$1.0B
Q2 24
$992.7M
$943.9M
Q1 24
$1.0B
$918.1M
Debt / Equity
LOPE
LOPE
MEG
MEG
Q4 25
0.61×
Q3 25
0.66×
Q2 25
0.56×
Q1 25
0.53×
Q4 24
0.46×
Q3 24
0.52×
Q2 24
0.42×
Q1 24
0.87×

Cash Flow & Capital Efficiency

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

Metric
LOPE
LOPE
MEG
MEG
Operating Cash FlowLast quarter
$130.5M
$51.9M
Free Cash FlowOCF − Capex
$122.9M
$46.5M
FCF MarginFCF / Revenue
39.9%
24.1%
Capex IntensityCapex / Revenue
2.5%
2.8%
Cash ConversionOCF / Net Profit
1.50×
TTM Free Cash FlowTrailing 4 quarters
$238.6M
$91.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOPE
LOPE
MEG
MEG
Q4 25
$130.5M
$51.9M
Q3 25
$-48.6M
$28.1M
Q2 25
$124.0M
$21.9M
Q1 25
$67.6M
$5.5M
Q4 24
$135.8M
$32.0M
Q3 24
$-29.4M
$11.4M
Q2 24
$98.6M
$894.0K
Q1 24
$85.0M
$-22.0M
Free Cash Flow
LOPE
LOPE
MEG
MEG
Q4 25
$122.9M
$46.5M
Q3 25
$-58.3M
$22.3M
Q2 25
$115.4M
$19.9M
Q1 25
$58.7M
$2.4M
Q4 24
$126.1M
$29.7M
Q3 24
$-39.0M
$10.2M
Q2 24
$89.6M
$-9.8M
Q1 24
$76.0M
$-29.3M
FCF Margin
LOPE
LOPE
MEG
MEG
Q4 25
39.9%
24.1%
Q3 25
-22.3%
9.9%
Q2 25
46.6%
8.5%
Q1 25
20.3%
1.3%
Q4 24
43.1%
15.7%
Q3 24
-16.3%
5.7%
Q2 24
39.4%
-5.6%
Q1 24
27.7%
-18.9%
Capex Intensity
LOPE
LOPE
MEG
MEG
Q4 25
2.5%
2.8%
Q3 25
3.7%
2.6%
Q2 25
3.5%
0.8%
Q1 25
3.1%
1.8%
Q4 24
3.3%
1.2%
Q3 24
4.0%
0.6%
Q2 24
3.9%
6.1%
Q1 24
3.3%
4.7%
Cash Conversion
LOPE
LOPE
MEG
MEG
Q4 25
1.50×
Q3 25
-2.99×
3.36×
Q2 25
2.98×
1.19×
Q1 25
0.94×
Q4 24
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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