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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Perella Weinberg Partners (PWP). 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 $219.2M, roughly 1.4× Perella Weinberg Partners). 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, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -2.9%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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 PWP — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.4× larger
LOPE
$308.1M
$219.2M
PWP
Growing faster (revenue YoY)
LOPE
LOPE
+8.2% gap
LOPE
5.3%
-2.9%
PWP
Higher net margin
LOPE
LOPE
21.9% more per $
LOPE
28.1%
6.3%
PWP
More free cash flow
LOPE
LOPE
$92.4M more FCF
LOPE
$122.9M
$30.5M
PWP
Faster 2-yr revenue CAGR
PWP
PWP
Annualised
PWP
46.5%
5.9%
LOPE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOPE
LOPE
PWP
PWP
Revenue
$308.1M
$219.2M
Net Profit
$86.7M
$13.8M
Gross Margin
Operating Margin
35.1%
8.5%
Net Margin
28.1%
6.3%
Revenue YoY
5.3%
-2.9%
Net Profit YoY
5.9%
EPS (diluted)
$3.13
$0.11

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
PWP
PWP
Q4 25
$308.1M
$219.2M
Q3 25
$261.1M
$164.6M
Q2 25
$247.5M
$155.3M
Q1 25
$289.3M
$211.8M
Q4 24
$292.6M
$225.7M
Q3 24
$238.3M
$278.2M
Q2 24
$227.5M
$272.0M
Q1 24
$274.7M
$102.1M
Net Profit
LOPE
LOPE
PWP
PWP
Q4 25
$86.7M
$13.8M
Q3 25
$16.3M
$6.0M
Q2 25
$41.5M
$2.7M
Q1 25
$71.6M
$17.3M
Q4 24
$81.9M
Q3 24
$41.5M
$16.4M
Q2 24
$34.9M
$-66.0M
Q1 24
$68.0M
$-35.8M
Operating Margin
LOPE
LOPE
PWP
PWP
Q4 25
35.1%
8.5%
Q3 25
6.9%
5.4%
Q2 25
20.9%
5.8%
Q1 25
30.4%
5.5%
Q4 24
34.2%
Q3 24
20.2%
12.9%
Q2 24
18.8%
-30.2%
Q1 24
30.8%
-52.4%
Net Margin
LOPE
LOPE
PWP
PWP
Q4 25
28.1%
6.3%
Q3 25
6.2%
3.6%
Q2 25
16.8%
1.8%
Q1 25
24.8%
8.2%
Q4 24
28.0%
Q3 24
17.4%
5.9%
Q2 24
15.3%
-24.3%
Q1 24
24.8%
-35.1%
EPS (diluted)
LOPE
LOPE
PWP
PWP
Q4 25
$3.13
$0.11
Q3 25
$0.58
$0.08
Q2 25
$1.48
$0.04
Q1 25
$2.52
$0.24
Q4 24
$2.83
Q3 24
$1.42
$0.24
Q2 24
$1.19
$-1.21
Q1 24
$2.29
$-0.91

Balance Sheet & Financial Strength

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

Metric
LOPE
LOPE
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$111.8M
$255.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$746.9M
$-127.4M
Total Assets
$992.3M
$797.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
PWP
PWP
Q4 25
$111.8M
$255.9M
Q3 25
$97.3M
$185.5M
Q2 25
$192.3M
$145.0M
Q1 25
$144.5M
$111.2M
Q4 24
$324.6M
$407.4M
Q3 24
$263.6M
$335.1M
Q2 24
$241.3M
$185.3M
Q1 24
$196.2M
$156.7M
Stockholders' Equity
LOPE
LOPE
PWP
PWP
Q4 25
$746.9M
$-127.4M
Q3 25
$758.0M
$-302.4M
Q2 25
$778.0M
$-318.4M
Q1 25
$780.7M
$-323.1M
Q4 24
$783.9M
$-421.4M
Q3 24
$764.1M
$-360.8M
Q2 24
$759.2M
$-283.0M
Q1 24
$759.4M
$161.9M
Total Assets
LOPE
LOPE
PWP
PWP
Q4 25
$992.3M
$797.6M
Q3 25
$1.0B
$650.2M
Q2 25
$1.0B
$606.7M
Q1 25
$1.0B
$570.5M
Q4 24
$1.0B
$876.8M
Q3 24
$992.9M
$810.9M
Q2 24
$992.7M
$645.5M
Q1 24
$1.0B
$583.6M

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
PWP
PWP
Operating Cash FlowLast quarter
$130.5M
$34.8M
Free Cash FlowOCF − Capex
$122.9M
$30.5M
FCF MarginFCF / Revenue
39.9%
13.9%
Capex IntensityCapex / Revenue
2.5%
2.0%
Cash ConversionOCF / Net Profit
1.50×
2.52×
TTM Free Cash FlowTrailing 4 quarters
$238.6M
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOPE
LOPE
PWP
PWP
Q4 25
$130.5M
$34.8M
Q3 25
$-48.6M
$59.2M
Q2 25
$124.0M
$56.1M
Q1 25
$67.6M
$-176.5M
Q4 24
$135.8M
$223.4M
Q3 24
$-29.4M
$200.3M
Q2 24
$98.6M
$90.0M
Q1 24
$85.0M
$-206.3M
Free Cash Flow
LOPE
LOPE
PWP
PWP
Q4 25
$122.9M
$30.5M
Q3 25
$-58.3M
$57.6M
Q2 25
$115.4M
$55.3M
Q1 25
$58.7M
$-177.6M
Q4 24
$126.1M
$207.0M
Q3 24
$-39.0M
$199.3M
Q2 24
$89.6M
$83.7M
Q1 24
$76.0M
$-214.8M
FCF Margin
LOPE
LOPE
PWP
PWP
Q4 25
39.9%
13.9%
Q3 25
-22.3%
35.0%
Q2 25
46.6%
35.6%
Q1 25
20.3%
-83.8%
Q4 24
43.1%
91.7%
Q3 24
-16.3%
71.6%
Q2 24
39.4%
30.8%
Q1 24
27.7%
-210.3%
Capex Intensity
LOPE
LOPE
PWP
PWP
Q4 25
2.5%
2.0%
Q3 25
3.7%
0.9%
Q2 25
3.5%
0.5%
Q1 25
3.1%
0.5%
Q4 24
3.3%
7.3%
Q3 24
4.0%
0.4%
Q2 24
3.9%
2.3%
Q1 24
3.3%
8.3%
Cash Conversion
LOPE
LOPE
PWP
PWP
Q4 25
1.50×
2.52×
Q3 25
-2.99×
9.85×
Q2 25
2.98×
20.50×
Q1 25
0.94×
-10.18×
Q4 24
1.66×
Q3 24
-0.71×
12.23×
Q2 24
2.83×
Q1 24
1.25×

Financial Flow Comparison

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

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