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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and RLI CORP (RLI). Click either name above to swap in a different company.
RLI CORP is the larger business by last-quarter revenue ($465.7M vs $308.1M, roughly 1.5× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 19.6%, a 8.6% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% vs 5.3%). RLI CORP produced more free cash flow last quarter ($155.0M vs $122.9M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs 2.3%).
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.
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
LOPE vs RLI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $465.7M |
| Net Profit | $86.7M | $91.2M |
| Gross Margin | — | — |
| Operating Margin | 35.1% | 24.4% |
| Net Margin | 28.1% | 19.6% |
| Revenue YoY | 5.3% | 6.1% |
| Net Profit YoY | 5.9% | 123.1% |
| EPS (diluted) | $3.13 | $1.00 |
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 | $465.7M | ||
| Q3 25 | $261.1M | $509.3M | ||
| Q2 25 | $247.5M | $499.8M | ||
| Q1 25 | $289.3M | $407.7M | ||
| Q4 24 | $292.6M | $439.1M | ||
| Q3 24 | $238.3M | $470.0M | ||
| Q2 24 | $227.5M | $416.4M | ||
| Q1 24 | $274.7M | $444.8M |
| Q4 25 | $86.7M | $91.2M | ||
| Q3 25 | $16.3M | $124.6M | ||
| Q2 25 | $41.5M | $124.3M | ||
| Q1 25 | $71.6M | $63.2M | ||
| Q4 24 | $81.9M | $40.9M | ||
| Q3 24 | $41.5M | $95.0M | ||
| Q2 24 | $34.9M | $82.0M | ||
| Q1 24 | $68.0M | $127.9M |
| Q4 25 | 35.1% | 24.4% | ||
| Q3 25 | 6.9% | 30.9% | ||
| Q2 25 | 20.9% | 31.3% | ||
| Q1 25 | 30.4% | 19.3% | ||
| Q4 24 | 34.2% | 10.8% | ||
| Q3 24 | 20.2% | 24.9% | ||
| Q2 24 | 18.8% | 24.8% | ||
| Q1 24 | 30.8% | 36.0% |
| Q4 25 | 28.1% | 19.6% | ||
| Q3 25 | 6.2% | 24.5% | ||
| Q2 25 | 16.8% | 24.9% | ||
| Q1 25 | 24.8% | 15.5% | ||
| Q4 24 | 28.0% | 9.3% | ||
| Q3 24 | 17.4% | 20.2% | ||
| Q2 24 | 15.3% | 19.7% | ||
| Q1 24 | 24.8% | 28.8% |
| Q4 25 | $3.13 | $1.00 | ||
| Q3 25 | $0.58 | $1.35 | ||
| Q2 25 | $1.48 | $1.34 | ||
| Q1 25 | $2.52 | $0.68 | ||
| Q4 24 | $2.83 | $-2.87 | ||
| Q3 24 | $1.42 | $2.06 | ||
| Q2 24 | $1.19 | $1.78 | ||
| Q1 24 | $2.29 | $2.77 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | $1.8B |
| Total Assets | $992.3M | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | — | ||
| Q3 25 | $97.3M | — | ||
| Q2 25 | $192.3M | — | ||
| Q1 25 | $144.5M | — | ||
| Q4 24 | $324.6M | — | ||
| Q3 24 | $263.6M | — | ||
| Q2 24 | $241.3M | — | ||
| Q1 24 | $196.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $100.0M | ||
| Q1 25 | — | $100.0M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $100.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $100.0M |
| Q4 25 | $746.9M | $1.8B | ||
| Q3 25 | $758.0M | $1.9B | ||
| Q2 25 | $778.0M | $1.7B | ||
| Q1 25 | $780.7M | $1.6B | ||
| Q4 24 | $783.9M | $1.5B | ||
| Q3 24 | $764.1M | $1.7B | ||
| Q2 24 | $759.2M | $1.6B | ||
| Q1 24 | $759.4M | $1.5B |
| Q4 25 | $992.3M | $6.2B | ||
| Q3 25 | $1.0B | $6.2B | ||
| Q2 25 | $1.0B | $6.0B | ||
| Q1 25 | $1.0B | $5.7B | ||
| Q4 24 | $1.0B | $5.6B | ||
| Q3 24 | $992.9M | $5.8B | ||
| Q2 24 | $992.7M | $5.5B | ||
| Q1 24 | $1.0B | $5.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | 0.07× |
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 | $156.8M |
| Free Cash FlowOCF − Capex | $122.9M | $155.0M |
| FCF MarginFCF / Revenue | 39.9% | 33.3% |
| Capex IntensityCapex / Revenue | 2.5% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.50× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $608.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $156.8M | ||
| Q3 25 | $-48.6M | $179.2M | ||
| Q2 25 | $124.0M | $174.7M | ||
| Q1 25 | $67.6M | $103.5M | ||
| Q4 24 | $135.8M | $128.1M | ||
| Q3 24 | $-29.4M | $219.4M | ||
| Q2 24 | $98.6M | $141.8M | ||
| Q1 24 | $85.0M | $70.9M |
| Q4 25 | $122.9M | $155.0M | ||
| Q3 25 | $-58.3M | $177.8M | ||
| Q2 25 | $115.4M | $173.4M | ||
| Q1 25 | $58.7M | $102.5M | ||
| Q4 24 | $126.1M | $127.6M | ||
| Q3 24 | $-39.0M | $219.0M | ||
| Q2 24 | $89.6M | $139.1M | ||
| Q1 24 | $76.0M | $69.9M |
| Q4 25 | 39.9% | 33.3% | ||
| Q3 25 | -22.3% | 34.9% | ||
| Q2 25 | 46.6% | 34.7% | ||
| Q1 25 | 20.3% | 25.1% | ||
| Q4 24 | 43.1% | 29.0% | ||
| Q3 24 | -16.3% | 46.6% | ||
| Q2 24 | 39.4% | 33.4% | ||
| Q1 24 | 27.7% | 15.7% |
| Q4 25 | 2.5% | 0.4% | ||
| Q3 25 | 3.7% | 0.3% | ||
| Q2 25 | 3.5% | 0.3% | ||
| Q1 25 | 3.1% | 0.3% | ||
| Q4 24 | 3.3% | 0.1% | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 3.9% | 0.7% | ||
| Q1 24 | 3.3% | 0.2% |
| Q4 25 | 1.50× | 1.72× | ||
| Q3 25 | -2.99× | 1.44× | ||
| Q2 25 | 2.98× | 1.41× | ||
| Q1 25 | 0.94× | 1.64× | ||
| Q4 24 | 1.66× | 3.13× | ||
| Q3 24 | -0.71× | 2.31× | ||
| Q2 24 | 2.83× | 1.73× | ||
| Q1 24 | 1.25× | 0.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
