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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $308.1M, roughly 1.6× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -9.3%, a 37.4% gap on every dollar of revenue. Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $37.1M).
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.
LOPE vs TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $508.3M |
| Net Profit | $86.7M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | 35.1% | -3.8% |
| Net Margin | 28.1% | -9.3% |
| Revenue YoY | 5.3% | — |
| Net Profit YoY | 5.9% | — |
| 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.
| Q4 25 | $308.1M | $508.3M | ||
| Q3 25 | $261.1M | $473.9M | ||
| Q2 25 | $247.5M | $313.9M | ||
| Q1 25 | $289.3M | $234.2M | ||
| Q4 24 | $292.6M | — | ||
| Q3 24 | $238.3M | — | ||
| Q2 24 | $227.5M | — | ||
| Q1 24 | $274.7M | — |
| Q4 25 | $86.7M | $-47.2M | ||
| Q3 25 | $16.3M | $-13.9M | ||
| Q2 25 | $41.5M | $-233.0K | ||
| Q1 25 | $71.6M | $-25.8M | ||
| Q4 24 | $81.9M | — | ||
| Q3 24 | $41.5M | — | ||
| Q2 24 | $34.9M | — | ||
| Q1 24 | $68.0M | — |
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 35.1% | -3.8% | ||
| Q3 25 | 6.9% | -1.4% | ||
| Q2 25 | 20.9% | 5.8% | ||
| Q1 25 | 30.4% | -4.0% | ||
| Q4 24 | 34.2% | — | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | 18.8% | — | ||
| Q1 24 | 30.8% | — |
| Q4 25 | 28.1% | -9.3% | ||
| Q3 25 | 6.2% | -2.9% | ||
| Q2 25 | 16.8% | -0.1% | ||
| Q1 25 | 24.8% | -11.0% | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 17.4% | — | ||
| Q2 24 | 15.3% | — | ||
| Q1 24 | 24.8% | — |
| Q4 25 | $3.13 | — | ||
| Q3 25 | $0.58 | $-0.08 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.8M | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $746.9M | $2.2B |
| Total Assets | $992.3M | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $439.5M | ||
| Q3 25 | $97.3M | $164.4M | ||
| Q2 25 | $192.3M | $130.1M | ||
| Q1 25 | $144.5M | $155.7M | ||
| Q4 24 | $324.6M | — | ||
| Q3 24 | $263.6M | — | ||
| Q2 24 | $241.3M | — | ||
| Q1 24 | $196.2M | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $746.9M | $2.2B | ||
| Q3 25 | $758.0M | $2.0B | ||
| Q2 25 | $778.0M | $1.2B | ||
| Q1 25 | $780.7M | $1.1B | ||
| Q4 24 | $783.9M | — | ||
| Q3 24 | $764.1M | — | ||
| Q2 24 | $759.2M | — | ||
| Q1 24 | $759.4M | — |
| Q4 25 | $992.3M | $4.4B | ||
| Q3 25 | $1.0B | $4.2B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | $1.0B | $2.2B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $992.9M | — | ||
| Q2 24 | $992.7M | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $49.7M |
| Free Cash FlowOCF − Capex | $122.9M | $37.1M |
| FCF MarginFCF / Revenue | 39.9% | 7.3% |
| Capex IntensityCapex / Revenue | 2.5% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $49.7M | ||
| Q3 25 | $-48.6M | $19.0M | ||
| Q2 25 | $124.0M | $-6.5M | ||
| Q1 25 | $67.6M | $32.8M | ||
| Q4 24 | $135.8M | — | ||
| Q3 24 | $-29.4M | — | ||
| Q2 24 | $98.6M | — | ||
| Q1 24 | $85.0M | — |
| Q4 25 | $122.9M | $37.1M | ||
| Q3 25 | $-58.3M | $10.3M | ||
| Q2 25 | $115.4M | $-14.5M | ||
| Q1 25 | $58.7M | $28.3M | ||
| Q4 24 | $126.1M | — | ||
| Q3 24 | $-39.0M | — | ||
| Q2 24 | $89.6M | — | ||
| Q1 24 | $76.0M | — |
| Q4 25 | 39.9% | 7.3% | ||
| Q3 25 | -22.3% | 2.2% | ||
| Q2 25 | 46.6% | -4.6% | ||
| Q1 25 | 20.3% | 12.1% | ||
| Q4 24 | 43.1% | — | ||
| Q3 24 | -16.3% | — | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 27.7% | — |
| Q4 25 | 2.5% | 2.5% | ||
| Q3 25 | 3.7% | 1.8% | ||
| Q2 25 | 3.5% | 2.6% | ||
| Q1 25 | 3.1% | 1.9% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 3.3% | — |
| Q4 25 | 1.50× | — | ||
| Q3 25 | -2.99× | — | ||
| Q2 25 | 2.98× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | -0.71× | — | ||
| Q2 24 | 2.83× | — | ||
| Q1 24 | 1.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
