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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and USANA HEALTH SCIENCES INC (USNA). 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 $226.2M, roughly 1.4× USANA HEALTH SCIENCES INC). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 0.1%, a 28.1% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -10.0%). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs -0.4%).

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.

Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.

LOPE vs USNA — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.4× larger
LOPE
$308.1M
$226.2M
USNA
Growing faster (revenue YoY)
LOPE
LOPE
+15.3% gap
LOPE
5.3%
-10.0%
USNA
Higher net margin
LOPE
LOPE
28.1% more per $
LOPE
28.1%
0.1%
USNA
Faster 2-yr revenue CAGR
LOPE
LOPE
Annualised
LOPE
5.9%
-0.4%
USNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOPE
LOPE
USNA
USNA
Revenue
$308.1M
$226.2M
Net Profit
$86.7M
$180.0K
Gross Margin
78.2%
Operating Margin
35.1%
1.7%
Net Margin
28.1%
0.1%
Revenue YoY
5.3%
-10.0%
Net Profit YoY
5.9%
-74.0%
EPS (diluted)
$3.13
$-0.10

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
USNA
USNA
Q4 25
$308.1M
$226.2M
Q3 25
$261.1M
$213.7M
Q2 25
$247.5M
$235.8M
Q1 25
$289.3M
$249.5M
Q4 24
$292.6M
$213.6M
Q3 24
$238.3M
$200.2M
Q2 24
$227.5M
$212.9M
Q1 24
$274.7M
$227.8M
Net Profit
LOPE
LOPE
USNA
USNA
Q4 25
$86.7M
$180.0K
Q3 25
$16.3M
$-6.5M
Q2 25
$41.5M
$9.7M
Q1 25
$71.6M
$9.4M
Q4 24
$81.9M
$4.5M
Q3 24
$41.5M
$10.6M
Q2 24
$34.9M
$10.4M
Q1 24
$68.0M
$16.5M
Gross Margin
LOPE
LOPE
USNA
USNA
Q4 25
78.2%
Q3 25
77.2%
Q2 25
78.7%
Q1 25
79.0%
Q4 24
82.0%
Q3 24
80.4%
Q2 24
81.1%
Q1 24
81.1%
Operating Margin
LOPE
LOPE
USNA
USNA
Q4 25
35.1%
1.7%
Q3 25
6.9%
0.6%
Q2 25
20.9%
7.1%
Q1 25
30.4%
6.3%
Q4 24
34.2%
3.8%
Q3 24
20.2%
7.8%
Q2 24
18.8%
8.4%
Q1 24
30.8%
10.8%
Net Margin
LOPE
LOPE
USNA
USNA
Q4 25
28.1%
0.1%
Q3 25
6.2%
-3.1%
Q2 25
16.8%
4.1%
Q1 25
24.8%
3.8%
Q4 24
28.0%
2.1%
Q3 24
17.4%
5.3%
Q2 24
15.3%
4.9%
Q1 24
24.8%
7.3%
EPS (diluted)
LOPE
LOPE
USNA
USNA
Q4 25
$3.13
$-0.10
Q3 25
$0.58
$-0.36
Q2 25
$1.48
$0.52
Q1 25
$2.52
$0.49
Q4 24
$2.83
$0.23
Q3 24
$1.42
$0.56
Q2 24
$1.19
$0.54
Q1 24
$2.29
$0.86

Balance Sheet & Financial Strength

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

Metric
LOPE
LOPE
USNA
USNA
Cash + ST InvestmentsLiquidity on hand
$111.8M
$158.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$746.9M
Total Assets
$992.3M
$742.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
USNA
USNA
Q4 25
$111.8M
$158.4M
Q3 25
$97.3M
$145.3M
Q2 25
$192.3M
$151.3M
Q1 25
$144.5M
$179.6M
Q4 24
$324.6M
$181.8M
Q3 24
$263.6M
$364.9M
Q2 24
$241.3M
$332.4M
Q1 24
$196.2M
$328.3M
Stockholders' Equity
LOPE
LOPE
USNA
USNA
Q4 25
$746.9M
Q3 25
$758.0M
$528.1M
Q2 25
$778.0M
$531.1M
Q1 25
$780.7M
$529.8M
Q4 24
$783.9M
$532.1M
Q3 24
$764.1M
$533.1M
Q2 24
$759.2M
$512.2M
Q1 24
$759.4M
$500.0M
Total Assets
LOPE
LOPE
USNA
USNA
Q4 25
$992.3M
$742.9M
Q3 25
$1.0B
$726.6M
Q2 25
$1.0B
$734.5M
Q1 25
$1.0B
$746.6M
Q4 24
$1.0B
$748.2M
Q3 24
$992.9M
$671.3M
Q2 24
$992.7M
$631.4M
Q1 24
$1.0B
$629.3M

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
USNA
USNA
Operating Cash FlowLast quarter
$130.5M
Free Cash FlowOCF − Capex
$122.9M
FCF MarginFCF / Revenue
39.9%
Capex IntensityCapex / Revenue
2.5%
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
USNA
USNA
Q4 25
$130.5M
Q3 25
$-48.6M
$-2.0M
Q2 25
$124.0M
$12.2M
Q1 25
$67.6M
$15.5M
Q4 24
$135.8M
$5.8M
Q3 24
$-29.4M
$29.5M
Q2 24
$98.6M
$8.0M
Q1 24
$85.0M
$17.7M
Free Cash Flow
LOPE
LOPE
USNA
USNA
Q4 25
$122.9M
Q3 25
$-58.3M
$-5.2M
Q2 25
$115.4M
$7.2M
Q1 25
$58.7M
$12.7M
Q4 24
$126.1M
$4.0M
Q3 24
$-39.0M
$27.1M
Q2 24
$89.6M
$5.3M
Q1 24
$76.0M
$14.5M
FCF Margin
LOPE
LOPE
USNA
USNA
Q4 25
39.9%
Q3 25
-22.3%
-2.4%
Q2 25
46.6%
3.0%
Q1 25
20.3%
5.1%
Q4 24
43.1%
1.9%
Q3 24
-16.3%
13.6%
Q2 24
39.4%
2.5%
Q1 24
27.7%
6.4%
Capex Intensity
LOPE
LOPE
USNA
USNA
Q4 25
2.5%
Q3 25
3.7%
1.5%
Q2 25
3.5%
2.1%
Q1 25
3.1%
1.1%
Q4 24
3.3%
0.8%
Q3 24
4.0%
1.2%
Q2 24
3.9%
1.3%
Q1 24
3.3%
1.4%
Cash Conversion
LOPE
LOPE
USNA
USNA
Q4 25
1.50×
Q3 25
-2.99×
Q2 25
2.98×
1.27×
Q1 25
0.94×
1.65×
Q4 24
1.66×
1.29×
Q3 24
-0.71×
2.78×
Q2 24
2.83×
0.77×
Q1 24
1.25×
1.07×

Financial Flow Comparison

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

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