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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

W. P. Carey Inc. is the larger business by last-quarter revenue ($444.5M vs $308.1M, roughly 1.4× Grand Canyon Education, Inc.). W. P. Carey Inc. runs the higher net margin — 33.4% vs 28.1%, a 5.2% gap on every dollar of revenue. On growth, W. P. Carey Inc. posted the faster year-over-year revenue change (9.4% vs 5.3%). Over the past eight quarters, W. P. Carey Inc.'s revenue compounded faster (6.8% 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.

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

LOPE vs WPC — Head-to-Head

Bigger by revenue
WPC
WPC
1.4× larger
WPC
$444.5M
$308.1M
LOPE
Growing faster (revenue YoY)
WPC
WPC
+4.1% gap
WPC
9.4%
5.3%
LOPE
Higher net margin
WPC
WPC
5.2% more per $
WPC
33.4%
28.1%
LOPE
Faster 2-yr revenue CAGR
WPC
WPC
Annualised
WPC
6.8%
5.9%
LOPE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOPE
LOPE
WPC
WPC
Revenue
$308.1M
$444.5M
Net Profit
$86.7M
$148.3M
Gross Margin
Operating Margin
35.1%
34.5%
Net Margin
28.1%
33.4%
Revenue YoY
5.3%
9.4%
Net Profit YoY
5.9%
215.4%
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.

Revenue
LOPE
LOPE
WPC
WPC
Q4 25
$308.1M
$444.5M
Q3 25
$261.1M
$431.3M
Q2 25
$247.5M
$430.8M
Q1 25
$289.3M
$409.9M
Q4 24
$292.6M
$406.2M
Q3 24
$238.3M
$397.4M
Q2 24
$227.5M
$389.7M
Q1 24
$274.7M
$389.8M
Net Profit
LOPE
LOPE
WPC
WPC
Q4 25
$86.7M
$148.3M
Q3 25
$16.3M
$141.0M
Q2 25
$41.5M
$51.2M
Q1 25
$71.6M
$125.8M
Q4 24
$81.9M
$47.0M
Q3 24
$41.5M
$111.7M
Q2 24
$34.9M
$142.9M
Q1 24
$68.0M
$159.2M
Operating Margin
LOPE
LOPE
WPC
WPC
Q4 25
35.1%
34.5%
Q3 25
6.9%
34.7%
Q2 25
20.9%
15.0%
Q1 25
30.4%
33.5%
Q4 24
34.2%
13.5%
Q3 24
20.2%
30.4%
Q2 24
18.8%
38.3%
Q1 24
30.8%
43.0%
Net Margin
LOPE
LOPE
WPC
WPC
Q4 25
28.1%
33.4%
Q3 25
6.2%
32.7%
Q2 25
16.8%
11.9%
Q1 25
24.8%
30.7%
Q4 24
28.0%
11.6%
Q3 24
17.4%
28.1%
Q2 24
15.3%
36.7%
Q1 24
24.8%
40.8%
EPS (diluted)
LOPE
LOPE
WPC
WPC
Q4 25
$3.13
Q3 25
$0.58
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
LOPE
LOPE
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$111.8M
$155.3M
Total DebtLower is stronger
$8.7B
Stockholders' EquityBook value
$746.9M
$8.1B
Total Assets
$992.3M
$18.0B
Debt / EquityLower = less leverage
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOPE
LOPE
WPC
WPC
Q4 25
$111.8M
$155.3M
Q3 25
$97.3M
$249.0M
Q2 25
$192.3M
$244.8M
Q1 25
$144.5M
$187.8M
Q4 24
$324.6M
$640.4M
Q3 24
$263.6M
$818.2M
Q2 24
$241.3M
$1.1B
Q1 24
$196.2M
$777.0M
Total Debt
LOPE
LOPE
WPC
WPC
Q4 25
$8.7B
Q3 25
$8.7B
Q2 25
$8.6B
Q1 25
$7.9B
Q4 24
$8.0B
Q3 24
$8.0B
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
LOPE
LOPE
WPC
WPC
Q4 25
$746.9M
$8.1B
Q3 25
$758.0M
$8.2B
Q2 25
$778.0M
$8.2B
Q1 25
$780.7M
$8.4B
Q4 24
$783.9M
$8.4B
Q3 24
$764.1M
$8.6B
Q2 24
$759.2M
$8.6B
Q1 24
$759.4M
$8.7B
Total Assets
LOPE
LOPE
WPC
WPC
Q4 25
$992.3M
$18.0B
Q3 25
$1.0B
$18.0B
Q2 25
$1.0B
$18.0B
Q1 25
$1.0B
$17.3B
Q4 24
$1.0B
$17.5B
Q3 24
$992.9M
$17.6B
Q2 24
$992.7M
$17.8B
Q1 24
$1.0B
$17.6B
Debt / Equity
LOPE
LOPE
WPC
WPC
Q4 25
1.07×
Q3 25
1.06×
Q2 25
1.05×
Q1 25
0.94×
Q4 24
0.95×
Q3 24
0.93×
Q2 24
0.94×
Q1 24
0.91×

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
WPC
WPC
Operating Cash FlowLast quarter
$130.5M
$304.6M
Free Cash FlowOCF − Capex
$122.9M
FCF MarginFCF / Revenue
39.9%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.50×
2.05×
TTM Free Cash FlowTrailing 4 quarters
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOPE
LOPE
WPC
WPC
Q4 25
$130.5M
$304.6M
Q3 25
$-48.6M
$300.5M
Q2 25
$124.0M
$404.0M
Q1 25
$67.6M
$273.2M
Q4 24
$135.8M
$296.3M
Q3 24
$-29.4M
$280.2M
Q2 24
$98.6M
$221.0M
Q1 24
$85.0M
$1.0B
Free Cash Flow
LOPE
LOPE
WPC
WPC
Q4 25
$122.9M
Q3 25
$-58.3M
Q2 25
$115.4M
Q1 25
$58.7M
Q4 24
$126.1M
Q3 24
$-39.0M
Q2 24
$89.6M
Q1 24
$76.0M
FCF Margin
LOPE
LOPE
WPC
WPC
Q4 25
39.9%
Q3 25
-22.3%
Q2 25
46.6%
Q1 25
20.3%
Q4 24
43.1%
Q3 24
-16.3%
Q2 24
39.4%
Q1 24
27.7%
Capex Intensity
LOPE
LOPE
WPC
WPC
Q4 25
2.5%
Q3 25
3.7%
Q2 25
3.5%
Q1 25
3.1%
Q4 24
3.3%
Q3 24
4.0%
Q2 24
3.9%
Q1 24
3.3%
Cash Conversion
LOPE
LOPE
WPC
WPC
Q4 25
1.50×
2.05×
Q3 25
-2.99×
2.13×
Q2 25
2.98×
7.89×
Q1 25
0.94×
2.17×
Q4 24
1.66×
6.30×
Q3 24
-0.71×
2.51×
Q2 24
2.83×
1.55×
Q1 24
1.25×
6.50×

Financial Flow Comparison

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

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