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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $308.1M, roughly 1.1× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 6.3%, a 21.9% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $45.0M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
LOPE vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $330.5M |
| Net Profit | $86.7M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | 35.1% | 7.3% |
| Net Margin | 28.1% | 6.3% |
| Revenue YoY | 5.3% | 28.1% |
| Net Profit YoY | 5.9% | 57.2% |
| EPS (diluted) | $3.13 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $261.1M | $310.7M | ||
| Q2 25 | $247.5M | $280.1M | ||
| Q1 25 | $289.3M | $275.2M | ||
| Q4 24 | $292.6M | $257.9M | ||
| Q3 24 | $238.3M | $231.6M | ||
| Q2 24 | $227.5M | $197.4M | ||
| Q1 24 | $274.7M | $184.9M |
| Q4 25 | $86.7M | $20.7M | ||
| Q3 25 | $16.3M | $17.7M | ||
| Q2 25 | $41.5M | $14.7M | ||
| Q1 25 | $71.6M | $13.8M | ||
| Q4 24 | $81.9M | $13.1M | ||
| Q3 24 | $41.5M | $14.4M | ||
| Q2 24 | $34.9M | $9.4M | ||
| Q1 24 | $68.0M | $7.2M |
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% | ||
| Q1 24 | — | 28.5% |
| Q4 25 | 35.1% | 7.3% | ||
| Q3 25 | 6.9% | 6.4% | ||
| Q2 25 | 20.9% | 5.7% | ||
| Q1 25 | 30.4% | 5.7% | ||
| Q4 24 | 34.2% | 5.5% | ||
| Q3 24 | 20.2% | 5.2% | ||
| Q2 24 | 18.8% | 5.2% | ||
| Q1 24 | 30.8% | 4.5% |
| Q4 25 | 28.1% | 6.3% | ||
| Q3 25 | 6.2% | 5.7% | ||
| Q2 25 | 16.8% | 5.3% | ||
| Q1 25 | 24.8% | 5.0% | ||
| Q4 24 | 28.0% | 5.1% | ||
| Q3 24 | 17.4% | 6.2% | ||
| Q2 24 | 15.3% | 4.7% | ||
| Q1 24 | 24.8% | 3.9% |
| Q4 25 | $3.13 | $0.16 | ||
| Q3 25 | $0.58 | $0.14 | ||
| Q2 25 | $1.48 | $0.11 | ||
| Q1 25 | $2.52 | $0.11 | ||
| Q4 24 | $2.83 | $0.11 | ||
| Q3 24 | $1.42 | $0.11 | ||
| Q2 24 | $1.19 | $0.07 | ||
| Q1 24 | $2.29 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | $560.4M |
| Total Assets | $992.3M | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $320.9M | ||
| Q3 25 | $97.3M | $287.9M | ||
| Q2 25 | $192.3M | $266.4M | ||
| Q1 25 | $144.5M | $245.8M | ||
| Q4 24 | $324.6M | $205.9M | ||
| Q3 24 | $263.6M | $187.5M | ||
| Q2 24 | $241.3M | $188.8M | ||
| Q1 24 | $196.2M | $180.1M |
| Q4 25 | $746.9M | $560.4M | ||
| Q3 25 | $758.0M | $537.4M | ||
| Q2 25 | $778.0M | $516.7M | ||
| Q1 25 | $780.7M | $500.4M | ||
| Q4 24 | $783.9M | $485.6M | ||
| Q3 24 | $764.1M | $468.8M | ||
| Q2 24 | $759.2M | $451.6M | ||
| Q1 24 | $759.4M | $439.4M |
| Q4 25 | $992.3M | $667.9M | ||
| Q3 25 | $1.0B | $644.4M | ||
| Q2 25 | $1.0B | $609.5M | ||
| Q1 25 | $1.0B | $590.9M | ||
| Q4 24 | $1.0B | $576.2M | ||
| Q3 24 | $992.9M | $552.9M | ||
| Q2 24 | $992.7M | $527.7M | ||
| Q1 24 | $1.0B | $514.0M |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $122.9M | $45.0M |
| FCF MarginFCF / Revenue | 39.9% | 13.6% |
| Capex IntensityCapex / Revenue | 2.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.50× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $45.1M | ||
| Q3 25 | $-48.6M | $35.1M | ||
| Q2 25 | $124.0M | $31.5M | ||
| Q1 25 | $67.6M | $50.4M | ||
| Q4 24 | $135.8M | $27.9M | ||
| Q3 24 | $-29.4M | $6.7M | ||
| Q2 24 | $98.6M | $18.0M | ||
| Q1 24 | $85.0M | $11.0M |
| Q4 25 | $122.9M | $45.0M | ||
| Q3 25 | $-58.3M | $35.0M | ||
| Q2 25 | $115.4M | $31.4M | ||
| Q1 25 | $58.7M | $50.4M | ||
| Q4 24 | $126.1M | $27.8M | ||
| Q3 24 | $-39.0M | $6.7M | ||
| Q2 24 | $89.6M | $17.8M | ||
| Q1 24 | $76.0M | $10.8M |
| Q4 25 | 39.9% | 13.6% | ||
| Q3 25 | -22.3% | 11.3% | ||
| Q2 25 | 46.6% | 11.2% | ||
| Q1 25 | 20.3% | 18.3% | ||
| Q4 24 | 43.1% | 10.8% | ||
| Q3 24 | -16.3% | 2.9% | ||
| Q2 24 | 39.4% | 9.0% | ||
| Q1 24 | 27.7% | 5.9% |
| Q4 25 | 2.5% | 0.0% | ||
| Q3 25 | 3.7% | 0.0% | ||
| Q2 25 | 3.5% | 0.0% | ||
| Q1 25 | 3.1% | 0.0% | ||
| Q4 24 | 3.3% | 0.0% | ||
| Q3 24 | 4.0% | 0.0% | ||
| Q2 24 | 3.9% | 0.1% | ||
| Q1 24 | 3.3% | 0.1% |
| Q4 25 | 1.50× | 2.18× | ||
| Q3 25 | -2.99× | 1.98× | ||
| Q2 25 | 2.98× | 2.14× | ||
| Q1 25 | 0.94× | 3.65× | ||
| Q4 24 | 1.66× | 2.12× | ||
| Q3 24 | -0.71× | 0.47× | ||
| Q2 24 | 2.83× | 1.93× | ||
| Q1 24 | 1.25× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
