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

PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $308.1M, roughly 1.7× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 10.0%, a 18.1% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 5.3%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $122.9M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% 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.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

LOPE vs PJT — Head-to-Head

Bigger by revenue
PJT
PJT
1.7× larger
PJT
$531.4M
$308.1M
LOPE
Growing faster (revenue YoY)
PJT
PJT
+7.6% gap
PJT
12.9%
5.3%
LOPE
Higher net margin
LOPE
LOPE
18.1% more per $
LOPE
28.1%
10.0%
PJT
More free cash flow
PJT
PJT
$15.7M more FCF
PJT
$138.6M
$122.9M
LOPE
Faster 2-yr revenue CAGR
PJT
PJT
Annualised
PJT
27.5%
5.9%
LOPE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOPE
LOPE
PJT
PJT
Revenue
$308.1M
$531.4M
Net Profit
$86.7M
$53.4M
Gross Margin
Operating Margin
35.1%
23.1%
Net Margin
28.1%
10.0%
Revenue YoY
5.3%
12.9%
Net Profit YoY
5.9%
4.0%
EPS (diluted)
$3.13

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
PJT
PJT
Q4 25
$308.1M
$531.4M
Q3 25
$261.1M
$442.3M
Q2 25
$247.5M
$401.1M
Q1 25
$289.3M
$321.9M
Q4 24
$292.6M
$470.5M
Q3 24
$238.3M
$320.3M
Q2 24
$227.5M
$358.1M
Q1 24
$274.7M
$327.1M
Net Profit
LOPE
LOPE
PJT
PJT
Q4 25
$86.7M
$53.4M
Q3 25
$16.3M
$39.8M
Q2 25
$41.5M
$32.9M
Q1 25
$71.6M
$54.0M
Q4 24
$81.9M
$51.3M
Q3 24
$41.5M
$22.1M
Q2 24
$34.9M
$28.3M
Q1 24
$68.0M
$32.6M
Operating Margin
LOPE
LOPE
PJT
PJT
Q4 25
35.1%
23.1%
Q3 25
6.9%
20.6%
Q2 25
20.9%
19.1%
Q1 25
30.4%
16.3%
Q4 24
34.2%
21.9%
Q3 24
20.2%
15.4%
Q2 24
18.8%
18.0%
Q1 24
30.8%
16.5%
Net Margin
LOPE
LOPE
PJT
PJT
Q4 25
28.1%
10.0%
Q3 25
6.2%
9.0%
Q2 25
16.8%
8.2%
Q1 25
24.8%
16.8%
Q4 24
28.0%
10.9%
Q3 24
17.4%
6.9%
Q2 24
15.3%
7.9%
Q1 24
24.8%
10.0%
EPS (diluted)
LOPE
LOPE
PJT
PJT
Q4 25
$3.13
Q3 25
$0.58
Q2 25
$1.48
Q1 25
$2.52
Q4 24
$2.83
Q3 24
$1.42
Q2 24
$1.19
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
PJT
PJT
Cash + ST InvestmentsLiquidity on hand
$111.8M
$538.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$746.9M
$308.2M
Total Assets
$992.3M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
PJT
PJT
Q4 25
$111.8M
$538.9M
Q3 25
$97.3M
$400.5M
Q2 25
$192.3M
$214.6M
Q1 25
$144.5M
$194.3M
Q4 24
$324.6M
$483.9M
Q3 24
$263.6M
$148.8M
Q2 24
$241.3M
$164.2M
Q1 24
$196.2M
$215.5M
Stockholders' Equity
LOPE
LOPE
PJT
PJT
Q4 25
$746.9M
$308.2M
Q3 25
$758.0M
$228.6M
Q2 25
$778.0M
$167.4M
Q1 25
$780.7M
$148.8M
Q4 24
$783.9M
$187.0M
Q3 24
$764.1M
$159.1M
Q2 24
$759.2M
$133.8M
Q1 24
$759.4M
$174.6M
Total Assets
LOPE
LOPE
PJT
PJT
Q4 25
$992.3M
$1.8B
Q3 25
$1.0B
$1.7B
Q2 25
$1.0B
$1.5B
Q1 25
$1.0B
$1.4B
Q4 24
$1.0B
$1.6B
Q3 24
$992.9M
$1.6B
Q2 24
$992.7M
$1.4B
Q1 24
$1.0B
$1.3B

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
PJT
PJT
Operating Cash FlowLast quarter
$130.5M
$155.7M
Free Cash FlowOCF − Capex
$122.9M
$138.6M
FCF MarginFCF / Revenue
39.9%
26.1%
Capex IntensityCapex / Revenue
2.5%
3.2%
Cash ConversionOCF / Net Profit
1.50×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$238.6M
$480.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOPE
LOPE
PJT
PJT
Q4 25
$130.5M
$155.7M
Q3 25
$-48.6M
$256.1M
Q2 25
$124.0M
$190.4M
Q1 25
$67.6M
$-75.9M
Q4 24
$135.8M
$195.7M
Q3 24
$-29.4M
$180.5M
Q2 24
$98.6M
$193.6M
Q1 24
$85.0M
$-38.8M
Free Cash Flow
LOPE
LOPE
PJT
PJT
Q4 25
$122.9M
$138.6M
Q3 25
$-58.3M
$240.9M
Q2 25
$115.4M
$178.9M
Q1 25
$58.7M
$-77.9M
Q4 24
$126.1M
$195.3M
Q3 24
$-39.0M
$178.5M
Q2 24
$89.6M
$193.0M
Q1 24
$76.0M
$-39.2M
FCF Margin
LOPE
LOPE
PJT
PJT
Q4 25
39.9%
26.1%
Q3 25
-22.3%
54.5%
Q2 25
46.6%
44.6%
Q1 25
20.3%
-24.2%
Q4 24
43.1%
41.5%
Q3 24
-16.3%
55.7%
Q2 24
39.4%
53.9%
Q1 24
27.7%
-12.0%
Capex Intensity
LOPE
LOPE
PJT
PJT
Q4 25
2.5%
3.2%
Q3 25
3.7%
3.4%
Q2 25
3.5%
2.9%
Q1 25
3.1%
0.6%
Q4 24
3.3%
0.1%
Q3 24
4.0%
0.6%
Q2 24
3.9%
0.1%
Q1 24
3.3%
0.1%
Cash Conversion
LOPE
LOPE
PJT
PJT
Q4 25
1.50×
2.92×
Q3 25
-2.99×
6.43×
Q2 25
2.98×
5.79×
Q1 25
0.94×
-1.41×
Q4 24
1.66×
3.81×
Q3 24
-0.71×
8.15×
Q2 24
2.83×
6.84×
Q1 24
1.25×
-1.19×

Financial Flow Comparison

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

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