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Side-by-side financial comparison of Palomar Holdings, Inc. (PLMR) and Strategic Education, Inc. (STRA). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $253.4M, roughly 1.2× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 0.8%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $77.3M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs -1.0%).
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
PLMR vs STRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $253.4M | $305.9M |
| Net Profit | — | $32.8M |
| Gross Margin | — | — |
| Operating Margin | 28.7% | 13.4% |
| Net Margin | — | 10.7% |
| Revenue YoY | 62.7% | 0.8% |
| Net Profit YoY | — | 10.3% |
| EPS (diluted) | $2.05 | $1.48 |
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.
| Q1 26 | — | $305.9M | ||
| Q4 25 | $253.4M | $323.2M | ||
| Q3 25 | $244.7M | $319.9M | ||
| Q2 25 | $203.3M | $321.5M | ||
| Q1 25 | $174.6M | $303.6M | ||
| Q4 24 | $155.8M | $311.5M | ||
| Q3 24 | $148.5M | $306.0M | ||
| Q2 24 | $131.1M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | — | $37.9M | ||
| Q3 25 | $51.5M | $26.6M | ||
| Q2 25 | $46.5M | $32.3M | ||
| Q1 25 | $42.9M | $29.7M | ||
| Q4 24 | — | $25.3M | ||
| Q3 24 | $30.5M | $27.7M | ||
| Q2 24 | $25.7M | $29.9M |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 28.7% | 16.0% | ||
| Q3 25 | 27.4% | 11.6% | ||
| Q2 25 | 29.5% | 14.2% | ||
| Q1 25 | 30.8% | 13.1% | ||
| Q4 24 | 28.9% | 11.6% | ||
| Q3 24 | 25.9% | 11.9% | ||
| Q2 24 | 25.5% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | 21.0% | 8.3% | ||
| Q2 25 | 22.9% | 10.1% | ||
| Q1 25 | 24.6% | 9.8% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | 20.5% | 9.1% | ||
| Q2 24 | 19.6% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | $2.05 | $1.65 | ||
| Q3 25 | $1.87 | $1.15 | ||
| Q2 25 | $1.68 | $1.37 | ||
| Q1 25 | $1.57 | $1.24 | ||
| Q4 24 | $1.29 | $1.05 | ||
| Q3 24 | $1.15 | $1.15 | ||
| Q2 24 | $1.00 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $106.9M | $150.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $942.7M | $1.6B |
| Total Assets | $3.1B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.3M | ||
| Q4 25 | $106.9M | $148.1M | ||
| Q3 25 | $111.7M | $172.6M | ||
| Q2 25 | $81.3M | $164.9M | ||
| Q1 25 | $119.3M | $182.6M | ||
| Q4 24 | $80.4M | $184.0M | ||
| Q3 24 | $86.5M | $222.1M | ||
| Q2 24 | $47.8M | $256.2M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $942.7M | $1.6B | ||
| Q3 25 | $878.1M | $1.7B | ||
| Q2 25 | $847.2M | $1.7B | ||
| Q1 25 | $790.4M | $1.6B | ||
| Q4 24 | $729.0M | $1.7B | ||
| Q3 24 | $703.3M | $1.7B | ||
| Q2 24 | $532.6M | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $2.9B | $2.1B | ||
| Q2 25 | $2.8B | $2.1B | ||
| Q1 25 | $2.4B | $2.1B | ||
| Q4 24 | $2.3B | $2.0B | ||
| Q3 24 | $2.3B | $2.2B | ||
| Q2 24 | $2.0B | $2.2B |
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 | $409.1M | $87.4M |
| Free Cash FlowOCF − Capex | $409.0M | $77.3M |
| FCF MarginFCF / Revenue | 161.4% | 25.3% |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | $700.6M | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $409.1M | $39.2M | ||
| Q3 25 | $83.6M | $60.1M | ||
| Q2 25 | $120.9M | $31.2M | ||
| Q1 25 | $87.2M | $67.7M | ||
| Q4 24 | $261.2M | $15.9M | ||
| Q3 24 | $100.3M | $51.5M | ||
| Q2 24 | $55.1M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | $409.0M | $27.0M | ||
| Q3 25 | $83.6M | $49.3M | ||
| Q2 25 | $120.8M | $20.4M | ||
| Q1 25 | $87.1M | $57.3M | ||
| Q4 24 | $260.9M | $4.7M | ||
| Q3 24 | $100.1M | $42.1M | ||
| Q2 24 | — | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | 161.4% | 8.3% | ||
| Q3 25 | 34.2% | 15.4% | ||
| Q2 25 | 59.4% | 6.3% | ||
| Q1 25 | 49.9% | 18.9% | ||
| Q4 24 | 167.5% | 1.5% | ||
| Q3 24 | 67.4% | 13.8% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 3.8% | ||
| Q3 25 | 0.0% | 3.4% | ||
| Q2 25 | 0.0% | 3.4% | ||
| Q1 25 | 0.0% | 3.4% | ||
| Q4 24 | 0.2% | 3.6% | ||
| Q3 24 | 0.1% | 3.1% | ||
| Q2 24 | 0.0% | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | 1.63× | 2.26× | ||
| Q2 25 | 2.60× | 0.97× | ||
| Q1 25 | 2.03× | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | 3.29× | 1.86× | ||
| Q2 24 | 2.14× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLMR
Segment breakdown not available.
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
