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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Orion Group Holdings Inc (ORN). 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 $216.3M, roughly 1.4× Orion Group Holdings Inc). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 2.2%, a 26.0% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs 5.3%). Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (6.1% 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.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

LOPE vs ORN — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.4× larger
LOPE
$308.1M
$216.3M
ORN
Growing faster (revenue YoY)
ORN
ORN
+9.3% gap
ORN
14.6%
5.3%
LOPE
Higher net margin
LOPE
LOPE
26.0% more per $
LOPE
28.1%
2.2%
ORN
Faster 2-yr revenue CAGR
ORN
ORN
Annualised
ORN
6.1%
5.9%
LOPE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LOPE
LOPE
ORN
ORN
Revenue
$308.1M
$216.3M
Net Profit
$86.7M
$4.7M
Gross Margin
12.0%
Operating Margin
35.1%
Net Margin
28.1%
2.2%
Revenue YoY
5.3%
14.6%
Net Profit YoY
5.9%
435.7%
EPS (diluted)
$3.13
$0.12

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
ORN
ORN
Q1 26
$216.3M
Q4 25
$308.1M
$233.2M
Q3 25
$261.1M
$225.1M
Q2 25
$247.5M
$205.3M
Q1 25
$289.3M
$188.7M
Q4 24
$292.6M
$216.9M
Q3 24
$238.3M
$226.7M
Q2 24
$227.5M
$192.2M
Net Profit
LOPE
LOPE
ORN
ORN
Q1 26
$4.7M
Q4 25
$86.7M
$-240.0K
Q3 25
$16.3M
$3.3M
Q2 25
$41.5M
$841.0K
Q1 25
$71.6M
$-1.4M
Q4 24
$81.9M
$6.8M
Q3 24
$41.5M
$4.3M
Q2 24
$34.9M
$-6.6M
Gross Margin
LOPE
LOPE
ORN
ORN
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
LOPE
LOPE
ORN
ORN
Q1 26
Q4 25
35.1%
2.2%
Q3 25
6.9%
2.4%
Q2 25
20.9%
1.7%
Q1 25
30.4%
0.4%
Q4 24
34.2%
4.4%
Q3 24
20.2%
3.4%
Q2 24
18.8%
-1.4%
Net Margin
LOPE
LOPE
ORN
ORN
Q1 26
2.2%
Q4 25
28.1%
-0.1%
Q3 25
6.2%
1.5%
Q2 25
16.8%
0.4%
Q1 25
24.8%
-0.7%
Q4 24
28.0%
3.1%
Q3 24
17.4%
1.9%
Q2 24
15.3%
-3.4%
EPS (diluted)
LOPE
LOPE
ORN
ORN
Q1 26
$0.12
Q4 25
$3.13
$-0.00
Q3 25
$0.58
$0.08
Q2 25
$1.48
$0.02
Q1 25
$2.52
$-0.04
Q4 24
$2.83
$0.22
Q3 24
$1.42
$0.12
Q2 24
$1.19
$-0.20

Balance Sheet & Financial Strength

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

Metric
LOPE
LOPE
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$111.8M
$6.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$746.9M
$166.7M
Total Assets
$992.3M
$478.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
ORN
ORN
Q1 26
$6.3M
Q4 25
$111.8M
$1.6M
Q3 25
$97.3M
$4.9M
Q2 25
$192.3M
$1.7M
Q1 25
$144.5M
$13.0M
Q4 24
$324.6M
$28.3M
Q3 24
$263.6M
$28.3M
Q2 24
$241.3M
$4.8M
Total Debt
LOPE
LOPE
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Stockholders' Equity
LOPE
LOPE
ORN
ORN
Q1 26
$166.7M
Q4 25
$746.9M
$159.0M
Q3 25
$758.0M
$157.9M
Q2 25
$778.0M
$153.2M
Q1 25
$780.7M
$150.8M
Q4 24
$783.9M
$150.7M
Q3 24
$764.1M
$142.4M
Q2 24
$759.2M
$111.1M
Total Assets
LOPE
LOPE
ORN
ORN
Q1 26
$478.7M
Q4 25
$992.3M
$414.7M
Q3 25
$1.0B
$422.4M
Q2 25
$1.0B
$432.7M
Q1 25
$1.0B
$416.3M
Q4 24
$1.0B
$417.3M
Q3 24
$992.9M
$430.3M
Q2 24
$992.7M
$414.0M
Debt / Equity
LOPE
LOPE
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.20×
Q2 24
0.54×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOPE
LOPE
ORN
ORN
Q1 26
Q4 25
$130.5M
$13.8M
Q3 25
$-48.6M
$23.3M
Q2 25
$124.0M
$-5.6M
Q1 25
$67.6M
$-3.4M
Q4 24
$135.8M
$13.4M
Q3 24
$-29.4M
$37.5M
Q2 24
$98.6M
$-15.3M
Free Cash Flow
LOPE
LOPE
ORN
ORN
Q1 26
Q4 25
$122.9M
$454.0K
Q3 25
$-58.3M
$13.9M
Q2 25
$115.4M
$-12.7M
Q1 25
$58.7M
$-12.5M
Q4 24
$126.1M
$9.9M
Q3 24
$-39.0M
$33.3M
Q2 24
$89.6M
$-20.0M
FCF Margin
LOPE
LOPE
ORN
ORN
Q1 26
Q4 25
39.9%
0.2%
Q3 25
-22.3%
6.2%
Q2 25
46.6%
-6.2%
Q1 25
20.3%
-6.6%
Q4 24
43.1%
4.6%
Q3 24
-16.3%
14.7%
Q2 24
39.4%
-10.4%
Capex Intensity
LOPE
LOPE
ORN
ORN
Q1 26
Q4 25
2.5%
5.7%
Q3 25
3.7%
4.2%
Q2 25
3.5%
3.5%
Q1 25
3.1%
4.8%
Q4 24
3.3%
1.6%
Q3 24
4.0%
1.8%
Q2 24
3.9%
2.4%
Cash Conversion
LOPE
LOPE
ORN
ORN
Q1 26
Q4 25
1.50×
Q3 25
-2.99×
7.05×
Q2 25
2.98×
-6.61×
Q1 25
0.94×
Q4 24
1.66×
1.98×
Q3 24
-0.71×
8.79×
Q2 24
2.83×

Financial Flow Comparison

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

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