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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and National Energy Services Reunited Corp. (NESR). 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 $295.3M, roughly 1.0× National Energy Services Reunited Corp.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 6.0%, a 22.1% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -12.2%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $-34.1M).

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.

National Energy Services Reunited Corp. is a leading integrated oilfield services provider offering a full suite of solutions covering well construction, completion, production, and intervention services for upstream oil and gas operators. Its core markets cover the Middle East, North Africa, and East Asia, serving both national oil companies and international energy clients.

LOPE vs NESR — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.0× larger
LOPE
$308.1M
$295.3M
NESR
Growing faster (revenue YoY)
LOPE
LOPE
+17.5% gap
LOPE
5.3%
-12.2%
NESR
Higher net margin
LOPE
LOPE
22.1% more per $
LOPE
28.1%
6.0%
NESR
More free cash flow
LOPE
LOPE
$156.9M more FCF
LOPE
$122.9M
$-34.1M
NESR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LOPE
LOPE
NESR
NESR
Revenue
$308.1M
$295.3M
Net Profit
$86.7M
$17.7M
Gross Margin
12.0%
Operating Margin
35.1%
6.6%
Net Margin
28.1%
6.0%
Revenue YoY
5.3%
-12.2%
Net Profit YoY
5.9%
-14.0%
EPS (diluted)
$3.13
$0.18

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
NESR
NESR
Q4 25
$308.1M
Q3 25
$261.1M
$295.3M
Q2 25
$247.5M
$327.4M
Q1 25
$289.3M
$303.1M
Q4 24
$292.6M
Q3 24
$238.3M
$336.2M
Q2 24
$227.5M
$325.0M
Q1 24
$274.7M
Net Profit
LOPE
LOPE
NESR
NESR
Q4 25
$86.7M
Q3 25
$16.3M
$17.7M
Q2 25
$41.5M
$15.2M
Q1 25
$71.6M
$10.4M
Q4 24
$81.9M
Q3 24
$41.5M
$20.6M
Q2 24
$34.9M
$18.9M
Q1 24
$68.0M
Gross Margin
LOPE
LOPE
NESR
NESR
Q4 25
Q3 25
12.0%
Q2 25
13.4%
Q1 25
12.4%
Q4 24
Q3 24
15.9%
Q2 24
16.4%
Q1 24
Operating Margin
LOPE
LOPE
NESR
NESR
Q4 25
35.1%
Q3 25
6.9%
6.6%
Q2 25
20.9%
8.3%
Q1 25
30.4%
6.9%
Q4 24
34.2%
Q3 24
20.2%
10.5%
Q2 24
18.8%
10.5%
Q1 24
30.8%
Net Margin
LOPE
LOPE
NESR
NESR
Q4 25
28.1%
Q3 25
6.2%
6.0%
Q2 25
16.8%
4.6%
Q1 25
24.8%
3.4%
Q4 24
28.0%
Q3 24
17.4%
6.1%
Q2 24
15.3%
5.8%
Q1 24
24.8%
EPS (diluted)
LOPE
LOPE
NESR
NESR
Q4 25
$3.13
Q3 25
$0.58
$0.18
Q2 25
$1.48
$0.16
Q1 25
$2.52
$0.11
Q4 24
$2.83
Q3 24
$1.42
$0.22
Q2 24
$1.19
$0.20
Q1 24
$2.29

Balance Sheet & Financial Strength

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

Metric
LOPE
LOPE
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$111.8M
$69.7M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$746.9M
$956.7M
Total Assets
$992.3M
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
NESR
NESR
Q4 25
$111.8M
Q3 25
$97.3M
$69.7M
Q2 25
$192.3M
$131.8M
Q1 25
$144.5M
$78.7M
Q4 24
$324.6M
Q3 24
$263.6M
$118.2M
Q2 24
$241.3M
$75.0M
Q1 24
$196.2M
Total Debt
LOPE
LOPE
NESR
NESR
Q4 25
Q3 25
$274.1M
Q2 25
$291.7M
Q1 25
$309.2M
Q4 24
Q3 24
$358.7M
Q2 24
$376.7M
Q1 24
Stockholders' Equity
LOPE
LOPE
NESR
NESR
Q4 25
$746.9M
Q3 25
$758.0M
$956.7M
Q2 25
$778.0M
$936.9M
Q1 25
$780.7M
$920.5M
Q4 24
$783.9M
Q3 24
$764.1M
$873.5M
Q2 24
$759.2M
$851.4M
Q1 24
$759.4M
Total Assets
LOPE
LOPE
NESR
NESR
Q4 25
$992.3M
Q3 25
$1.0B
$1.8B
Q2 25
$1.0B
$1.8B
Q1 25
$1.0B
$1.8B
Q4 24
$1.0B
Q3 24
$992.9M
$1.8B
Q2 24
$992.7M
$1.8B
Q1 24
$1.0B
Debt / Equity
LOPE
LOPE
NESR
NESR
Q4 25
Q3 25
0.29×
Q2 25
0.31×
Q1 25
0.34×
Q4 24
Q3 24
0.41×
Q2 24
0.44×
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
LOPE
LOPE
NESR
NESR
Operating Cash FlowLast quarter
$130.5M
$6.7M
Free Cash FlowOCF − Capex
$122.9M
$-34.1M
FCF MarginFCF / Revenue
39.9%
-11.5%
Capex IntensityCapex / Revenue
2.5%
13.8%
Cash ConversionOCF / Net Profit
1.50×
0.38×
TTM Free Cash FlowTrailing 4 quarters
$238.6M
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOPE
LOPE
NESR
NESR
Q4 25
$130.5M
Q3 25
$-48.6M
$6.7M
Q2 25
$124.0M
$98.5M
Q1 25
$67.6M
$20.5M
Q4 24
$135.8M
Q3 24
$-29.4M
$70.8M
Q2 24
$98.6M
Q1 24
$85.0M
Free Cash Flow
LOPE
LOPE
NESR
NESR
Q4 25
$122.9M
Q3 25
$-58.3M
$-34.1M
Q2 25
$115.4M
$68.7M
Q1 25
$58.7M
$-9.6M
Q4 24
$126.1M
Q3 24
$-39.0M
$43.4M
Q2 24
$89.6M
Q1 24
$76.0M
FCF Margin
LOPE
LOPE
NESR
NESR
Q4 25
39.9%
Q3 25
-22.3%
-11.5%
Q2 25
46.6%
21.0%
Q1 25
20.3%
-3.2%
Q4 24
43.1%
Q3 24
-16.3%
12.9%
Q2 24
39.4%
Q1 24
27.7%
Capex Intensity
LOPE
LOPE
NESR
NESR
Q4 25
2.5%
Q3 25
3.7%
13.8%
Q2 25
3.5%
9.1%
Q1 25
3.1%
9.9%
Q4 24
3.3%
Q3 24
4.0%
8.1%
Q2 24
3.9%
Q1 24
3.3%
Cash Conversion
LOPE
LOPE
NESR
NESR
Q4 25
1.50×
Q3 25
-2.99×
0.38×
Q2 25
2.98×
6.48×
Q1 25
0.94×
1.97×
Q4 24
1.66×
Q3 24
-0.71×
3.43×
Q2 24
2.83×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LOPE
LOPE

Segment breakdown not available.

NESR
NESR

Production Services$174.4M59%
Drilling And Evaluation Services$120.9M41%

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