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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and LiveRamp Holdings, Inc. (RAMP). 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 $212.2M, roughly 1.5× LiveRamp Holdings, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 18.8%, a 9.4% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 5.3%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

LOPE vs RAMP — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.5× larger
LOPE
$308.1M
$212.2M
RAMP
Growing faster (revenue YoY)
RAMP
RAMP
+3.3% gap
RAMP
8.6%
5.3%
LOPE
Higher net margin
LOPE
LOPE
9.4% more per $
LOPE
28.1%
18.8%
RAMP
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
5.9%
LOPE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
LOPE
LOPE
RAMP
RAMP
Revenue
$308.1M
$212.2M
Net Profit
$86.7M
$39.9M
Gross Margin
71.9%
Operating Margin
35.1%
18.6%
Net Margin
28.1%
18.8%
Revenue YoY
5.3%
8.6%
Net Profit YoY
5.9%
255.7%
EPS (diluted)
$3.13
$0.62

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
RAMP
RAMP
Q4 25
$308.1M
$212.2M
Q3 25
$261.1M
$199.8M
Q2 25
$247.5M
$194.8M
Q1 25
$289.3M
$188.7M
Q4 24
$292.6M
$195.4M
Q3 24
$238.3M
$185.5M
Q2 24
$227.5M
$176.0M
Q1 24
$274.7M
$171.9M
Net Profit
LOPE
LOPE
RAMP
RAMP
Q4 25
$86.7M
$39.9M
Q3 25
$16.3M
$27.4M
Q2 25
$41.5M
$7.7M
Q1 25
$71.6M
$-6.3M
Q4 24
$81.9M
$11.2M
Q3 24
$41.5M
$1.7M
Q2 24
$34.9M
$-7.5M
Q1 24
$68.0M
$-5.4M
Gross Margin
LOPE
LOPE
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
LOPE
LOPE
RAMP
RAMP
Q4 25
35.1%
18.6%
Q3 25
6.9%
10.7%
Q2 25
20.9%
3.7%
Q1 25
30.4%
-6.1%
Q4 24
34.2%
7.5%
Q3 24
20.2%
4.0%
Q2 24
18.8%
-3.0%
Q1 24
30.8%
-8.3%
Net Margin
LOPE
LOPE
RAMP
RAMP
Q4 25
28.1%
18.8%
Q3 25
6.2%
13.7%
Q2 25
16.8%
4.0%
Q1 25
24.8%
-3.3%
Q4 24
28.0%
5.7%
Q3 24
17.4%
0.9%
Q2 24
15.3%
-4.3%
Q1 24
24.8%
-3.1%
EPS (diluted)
LOPE
LOPE
RAMP
RAMP
Q4 25
$3.13
$0.62
Q3 25
$0.58
$0.42
Q2 25
$1.48
$0.12
Q1 25
$2.52
$-0.10
Q4 24
$2.83
$0.17
Q3 24
$1.42
$0.03
Q2 24
$1.19
$-0.11
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
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$111.8M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$746.9M
$962.3M
Total Assets
$992.3M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
RAMP
RAMP
Q4 25
$111.8M
$403.4M
Q3 25
$97.3M
$376.9M
Q2 25
$192.3M
$371.1M
Q1 25
$144.5M
$420.8M
Q4 24
$324.6M
$384.3M
Q3 24
$263.6M
$348.4M
Q2 24
$241.3M
$342.7M
Q1 24
$196.2M
$368.9M
Stockholders' Equity
LOPE
LOPE
RAMP
RAMP
Q4 25
$746.9M
$962.3M
Q3 25
$758.0M
$943.8M
Q2 25
$778.0M
$947.8M
Q1 25
$780.7M
$948.9M
Q4 24
$783.9M
$957.7M
Q3 24
$764.1M
$932.1M
Q2 24
$759.2M
$951.9M
Q1 24
$759.4M
$949.1M
Total Assets
LOPE
LOPE
RAMP
RAMP
Q4 25
$992.3M
$1.3B
Q3 25
$1.0B
$1.2B
Q2 25
$1.0B
$1.2B
Q1 25
$1.0B
$1.3B
Q4 24
$1.0B
$1.3B
Q3 24
$992.9M
$1.2B
Q2 24
$992.7M
$1.2B
Q1 24
$1.0B
$1.2B

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
RAMP
RAMP
Operating Cash FlowLast quarter
$130.5M
Free Cash FlowOCF − Capex
$122.9M
FCF MarginFCF / Revenue
39.9%
Capex IntensityCapex / Revenue
2.5%
0.1%
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
RAMP
RAMP
Q4 25
$130.5M
Q3 25
$-48.6M
$57.4M
Q2 25
$124.0M
$-15.8M
Q1 25
$67.6M
Q4 24
$135.8M
$45.1M
Q3 24
$-29.4M
$55.6M
Q2 24
$98.6M
$-9.3M
Q1 24
$85.0M
Free Cash Flow
LOPE
LOPE
RAMP
RAMP
Q4 25
$122.9M
Q3 25
$-58.3M
$56.8M
Q2 25
$115.4M
$-16.2M
Q1 25
$58.7M
Q4 24
$126.1M
$44.8M
Q3 24
$-39.0M
$55.4M
Q2 24
$89.6M
$-9.6M
Q1 24
$76.0M
FCF Margin
LOPE
LOPE
RAMP
RAMP
Q4 25
39.9%
Q3 25
-22.3%
28.4%
Q2 25
46.6%
-8.3%
Q1 25
20.3%
Q4 24
43.1%
22.9%
Q3 24
-16.3%
29.8%
Q2 24
39.4%
-5.4%
Q1 24
27.7%
Capex Intensity
LOPE
LOPE
RAMP
RAMP
Q4 25
2.5%
0.1%
Q3 25
3.7%
0.3%
Q2 25
3.5%
0.2%
Q1 25
3.1%
0.2%
Q4 24
3.3%
0.1%
Q3 24
4.0%
0.1%
Q2 24
3.9%
0.1%
Q1 24
3.3%
1.0%
Cash Conversion
LOPE
LOPE
RAMP
RAMP
Q4 25
1.50×
Q3 25
-2.99×
2.09×
Q2 25
2.98×
-2.04×
Q1 25
0.94×
Q4 24
1.66×
4.02×
Q3 24
-0.71×
32.10×
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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