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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $308.1M, roughly 2.0× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -2.0%, a 30.1% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% 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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
LOPE vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $614.5M |
| Net Profit | $86.7M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 35.1% | -8.0% |
| Net Margin | 28.1% | -2.0% |
| Revenue YoY | 5.3% | 33.6% |
| Net Profit YoY | 5.9% | 6.0% |
| EPS (diluted) | $3.13 | $-0.03 |
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.
| Q4 25 | $308.1M | $614.5M | ||
| Q3 25 | $261.1M | $562.0M | ||
| Q2 25 | $247.5M | $512.3M | ||
| Q1 25 | $289.3M | $479.1M | ||
| Q4 24 | $292.6M | $459.9M | ||
| Q3 24 | $238.3M | $430.1M | ||
| Q2 24 | $227.5M | $401.0M | ||
| Q1 24 | $274.7M | $378.6M |
| Q4 25 | $86.7M | $-12.1M | ||
| Q3 25 | $16.3M | $-1.3M | ||
| Q2 25 | $41.5M | $-50.4M | ||
| Q1 25 | $71.6M | $-38.5M | ||
| Q4 24 | $81.9M | $-12.8M | ||
| Q3 24 | $41.5M | $-15.3M | ||
| Q2 24 | $34.9M | $-15.1M | ||
| Q1 24 | $68.0M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | 35.1% | -8.0% | ||
| Q3 25 | 6.9% | -6.7% | ||
| Q2 25 | 20.9% | -13.1% | ||
| Q1 25 | 30.4% | -11.1% | ||
| Q4 24 | 34.2% | -7.5% | ||
| Q3 24 | 20.2% | -7.2% | ||
| Q2 24 | 18.8% | -8.7% | ||
| Q1 24 | 30.8% | -14.4% |
| Q4 25 | 28.1% | -2.0% | ||
| Q3 25 | 6.2% | -0.2% | ||
| Q2 25 | 16.8% | -9.8% | ||
| Q1 25 | 24.8% | -8.0% | ||
| Q4 24 | 28.0% | -2.8% | ||
| Q3 24 | 17.4% | -3.6% | ||
| Q2 24 | 15.3% | -3.8% | ||
| Q1 24 | 24.8% | -9.4% |
| Q4 25 | $3.13 | $-0.03 | ||
| Q3 25 | $0.58 | $0.00 | ||
| Q2 25 | $1.48 | $-0.15 | ||
| Q1 25 | $2.52 | $-0.11 | ||
| Q4 24 | $2.83 | $-0.05 | ||
| Q3 24 | $1.42 | $-0.04 | ||
| Q2 24 | $1.19 | $-0.04 | ||
| Q1 24 | $2.29 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.8M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | $1.5B |
| Total Assets | $992.3M | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $943.5M | ||
| Q3 25 | $97.3M | $1.1B | ||
| Q2 25 | $192.3M | $1.5B | ||
| Q1 25 | $144.5M | $204.5M | ||
| Q4 24 | $324.6M | $147.7M | ||
| Q3 24 | $263.6M | $182.9M | ||
| Q2 24 | $241.3M | $157.0M | ||
| Q1 24 | $196.2M | $254.4M |
| Q4 25 | $746.9M | $1.5B | ||
| Q3 25 | $758.0M | $1.3B | ||
| Q2 25 | $778.0M | $1.2B | ||
| Q1 25 | $780.7M | $1.4B | ||
| Q4 24 | $783.9M | $1.0B | ||
| Q3 24 | $764.1M | $973.1M | ||
| Q2 24 | $759.2M | $881.5M | ||
| Q1 24 | $759.4M | $797.2M |
| Q4 25 | $992.3M | $6.0B | ||
| Q3 25 | $1.0B | $5.8B | ||
| Q2 25 | $1.0B | $5.6B | ||
| Q1 25 | $1.0B | $3.7B | ||
| Q4 24 | $1.0B | $3.3B | ||
| Q3 24 | $992.9M | $3.1B | ||
| Q2 24 | $992.7M | $2.9B | ||
| Q1 24 | $1.0B | $2.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $130.5M | $190.4M |
| Free Cash FlowOCF − Capex | $122.9M | $105.2M |
| FCF MarginFCF / Revenue | 39.9% | 17.1% |
| Capex IntensityCapex / Revenue | 2.5% | 13.9% |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $190.4M | ||
| Q3 25 | $-48.6M | $167.1M | ||
| Q2 25 | $124.0M | $99.8M | ||
| Q1 25 | $67.6M | $145.8M | ||
| Q4 24 | $135.8M | $127.3M | ||
| Q3 24 | $-29.4M | $104.7M | ||
| Q2 24 | $98.6M | $74.8M | ||
| Q1 24 | $85.0M | $73.6M |
| Q4 25 | $122.9M | $105.2M | ||
| Q3 25 | $-58.3M | $82.5M | ||
| Q2 25 | $115.4M | $39.9M | ||
| Q1 25 | $58.7M | $59.9M | ||
| Q4 24 | $126.1M | $54.2M | ||
| Q3 24 | $-39.0M | $54.5M | ||
| Q2 24 | $89.6M | $45.2M | ||
| Q1 24 | $76.0M | $41.5M |
| Q4 25 | 39.9% | 17.1% | ||
| Q3 25 | -22.3% | 14.7% | ||
| Q2 25 | 46.6% | 7.8% | ||
| Q1 25 | 20.3% | 12.5% | ||
| Q4 24 | 43.1% | 11.8% | ||
| Q3 24 | -16.3% | 12.7% | ||
| Q2 24 | 39.4% | 11.3% | ||
| Q1 24 | 27.7% | 11.0% |
| Q4 25 | 2.5% | 13.9% | ||
| Q3 25 | 3.7% | 15.1% | ||
| Q2 25 | 3.5% | 11.7% | ||
| Q1 25 | 3.1% | 17.9% | ||
| Q4 24 | 3.3% | 15.9% | ||
| Q3 24 | 4.0% | 11.7% | ||
| Q2 24 | 3.9% | 7.4% | ||
| Q1 24 | 3.3% | 8.5% |
| Q4 25 | 1.50× | — | ||
| Q3 25 | -2.99× | — | ||
| Q2 25 | 2.98× | — | ||
| 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.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
