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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and PROASSURANCE CORP (PRA). 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 $269.6M, roughly 1.1× PROASSURANCE CORP). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 12.4%, a 15.8% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -7.1%). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs -2.7%).

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.

ProAssurance Corporation, headquartered in Birmingham, Alabama, is a property and casualty company that sells professional liability insurance to doctors. The company was founded in 1976 as Mutual Assurance and was later renamed to Medical Assurance in 1997. The name "ProAssurance" was created in 2001 when Medical Assurance merged with Professionals Group. The company is currently the fourth largest medical professional liability insurance writer and has over $6 billion in assets.

LOPE vs PRA — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.1× larger
LOPE
$308.1M
$269.6M
PRA
Growing faster (revenue YoY)
LOPE
LOPE
+12.4% gap
LOPE
5.3%
-7.1%
PRA
Higher net margin
LOPE
LOPE
15.8% more per $
LOPE
28.1%
12.4%
PRA
Faster 2-yr revenue CAGR
LOPE
LOPE
Annualised
LOPE
5.9%
-2.7%
PRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOPE
LOPE
PRA
PRA
Revenue
$308.1M
$269.6M
Net Profit
$86.7M
$33.4M
Gross Margin
Operating Margin
35.1%
17.3%
Net Margin
28.1%
12.4%
Revenue YoY
5.3%
-7.1%
Net Profit YoY
5.9%
106.4%
EPS (diluted)
$3.13
$0.65

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
PRA
PRA
Q4 25
$308.1M
$269.6M
Q3 25
$261.1M
$279.6M
Q2 25
$247.5M
$276.8M
Q1 25
$289.3M
$272.1M
Q4 24
$292.6M
$290.1M
Q3 24
$238.3M
$285.3M
Q2 24
$227.5M
$290.4M
Q1 24
$274.7M
$284.7M
Net Profit
LOPE
LOPE
PRA
PRA
Q4 25
$86.7M
$33.4M
Q3 25
$16.3M
$1.4M
Q2 25
$41.5M
$21.9M
Q1 25
$71.6M
$-5.8M
Q4 24
$81.9M
$16.2M
Q3 24
$41.5M
$16.4M
Q2 24
$34.9M
$15.5M
Q1 24
$68.0M
$4.6M
Operating Margin
LOPE
LOPE
PRA
PRA
Q4 25
35.1%
17.3%
Q3 25
6.9%
1.6%
Q2 25
20.9%
9.9%
Q1 25
30.4%
-2.3%
Q4 24
34.2%
6.5%
Q3 24
20.2%
7.4%
Q2 24
18.8%
6.2%
Q1 24
30.8%
1.9%
Net Margin
LOPE
LOPE
PRA
PRA
Q4 25
28.1%
12.4%
Q3 25
6.2%
0.5%
Q2 25
16.8%
7.9%
Q1 25
24.8%
-2.1%
Q4 24
28.0%
5.6%
Q3 24
17.4%
5.8%
Q2 24
15.3%
5.3%
Q1 24
24.8%
1.6%
EPS (diluted)
LOPE
LOPE
PRA
PRA
Q4 25
$3.13
$0.65
Q3 25
$0.58
$0.03
Q2 25
$1.48
$0.42
Q1 25
$2.52
$-0.11
Q4 24
$2.83
$0.32
Q3 24
$1.42
$0.32
Q2 24
$1.19
$0.30
Q1 24
$2.29
$0.09

Balance Sheet & Financial Strength

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

Metric
LOPE
LOPE
PRA
PRA
Cash + ST InvestmentsLiquidity on hand
$111.8M
$36.5M
Total DebtLower is stronger
$420.4M
Stockholders' EquityBook value
$746.9M
$1.3B
Total Assets
$992.3M
$5.4B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
PRA
PRA
Q4 25
$111.8M
$36.5M
Q3 25
$97.3M
$54.5M
Q2 25
$192.3M
$41.6M
Q1 25
$144.5M
$43.5M
Q4 24
$324.6M
$54.9M
Q3 24
$263.6M
$45.3M
Q2 24
$241.3M
$36.9M
Q1 24
$196.2M
$65.4M
Total Debt
LOPE
LOPE
PRA
PRA
Q4 25
$420.4M
Q3 25
$421.5M
Q2 25
$422.6M
Q1 25
$423.7M
Q4 24
$424.9M
Q3 24
$425.9M
Q2 24
$426.9M
Q1 24
$427.8M
Stockholders' Equity
LOPE
LOPE
PRA
PRA
Q4 25
$746.9M
$1.3B
Q3 25
$758.0M
$1.3B
Q2 25
$778.0M
$1.3B
Q1 25
$780.7M
$1.2B
Q4 24
$783.9M
$1.2B
Q3 24
$764.1M
$1.2B
Q2 24
$759.2M
$1.1B
Q1 24
$759.4M
$1.1B
Total Assets
LOPE
LOPE
PRA
PRA
Q4 25
$992.3M
$5.4B
Q3 25
$1.0B
$5.6B
Q2 25
$1.0B
$5.5B
Q1 25
$1.0B
$5.5B
Q4 24
$1.0B
$5.6B
Q3 24
$992.9M
$5.7B
Q2 24
$992.7M
$5.6B
Q1 24
$1.0B
$5.7B
Debt / Equity
LOPE
LOPE
PRA
PRA
Q4 25
0.31×
Q3 25
0.32×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
0.35×
Q3 24
0.35×
Q2 24
0.38×
Q1 24
0.38×

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
PRA
PRA
Operating Cash FlowLast quarter
$130.5M
$-25.6M
Free Cash FlowOCF − Capex
$122.9M
FCF MarginFCF / Revenue
39.9%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.50×
-0.77×
TTM Free Cash FlowTrailing 4 quarters
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOPE
LOPE
PRA
PRA
Q4 25
$130.5M
$-25.6M
Q3 25
$-48.6M
$27.2M
Q2 25
$124.0M
$-28.1M
Q1 25
$67.6M
$-11.6M
Q4 24
$135.8M
$-10.7M
Q3 24
$-29.4M
$14.0M
Q2 24
$98.6M
$-12.8M
Q1 24
$85.0M
$-11.6M
Free Cash Flow
LOPE
LOPE
PRA
PRA
Q4 25
$122.9M
Q3 25
$-58.3M
Q2 25
$115.4M
Q1 25
$58.7M
Q4 24
$126.1M
Q3 24
$-39.0M
Q2 24
$89.6M
Q1 24
$76.0M
FCF Margin
LOPE
LOPE
PRA
PRA
Q4 25
39.9%
Q3 25
-22.3%
Q2 25
46.6%
Q1 25
20.3%
Q4 24
43.1%
Q3 24
-16.3%
Q2 24
39.4%
Q1 24
27.7%
Capex Intensity
LOPE
LOPE
PRA
PRA
Q4 25
2.5%
Q3 25
3.7%
Q2 25
3.5%
Q1 25
3.1%
Q4 24
3.3%
Q3 24
4.0%
Q2 24
3.9%
Q1 24
3.3%
Cash Conversion
LOPE
LOPE
PRA
PRA
Q4 25
1.50×
-0.77×
Q3 25
-2.99×
18.81×
Q2 25
2.98×
-1.28×
Q1 25
0.94×
Q4 24
1.66×
-0.66×
Q3 24
-0.71×
0.85×
Q2 24
2.83×
-0.83×
Q1 24
1.25×
-2.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LOPE
LOPE

Segment breakdown not available.

PRA
PRA

Workers Compensation Insurance Segment$164.4M61%
Other$59.6M22%
Segregated Portfolio Cell Reinsurance$45.7M17%

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