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Side-by-side financial comparison of PERDOCEO EDUCATION Corp (PRDO) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

PERDOCEO EDUCATION Corp is the larger business by last-quarter revenue ($211.6M vs $124.7M, roughly 1.7× SMITH & WESSON BRANDS, INC.). On growth, PERDOCEO EDUCATION Corp posted the faster year-over-year revenue change (20.0% vs -3.9%). PERDOCEO EDUCATION Corp produced more free cash flow last quarter ($37.9M vs $16.3M). Over the past eight quarters, PERDOCEO EDUCATION Corp's revenue compounded faster (12.2% CAGR vs -4.8%).

Perdoceo Education Corporation (PRDO) is a public company that owns five for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, Trident University International, and University of St. Augustine for Health Sciences. The company was previously known as Career Education Corporation.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

PRDO vs SWBI — Head-to-Head

Bigger by revenue
PRDO
PRDO
1.7× larger
PRDO
$211.6M
$124.7M
SWBI
Growing faster (revenue YoY)
PRDO
PRDO
+23.8% gap
PRDO
20.0%
-3.9%
SWBI
More free cash flow
PRDO
PRDO
$21.6M more FCF
PRDO
$37.9M
$16.3M
SWBI
Faster 2-yr revenue CAGR
PRDO
PRDO
Annualised
PRDO
12.2%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PRDO
PRDO
SWBI
SWBI
Revenue
$211.6M
$124.7M
Net Profit
$1.9M
Gross Margin
24.3%
Operating Margin
19.8%
3.3%
Net Margin
1.5%
Revenue YoY
20.0%
-3.9%
Net Profit YoY
-53.6%
EPS (diluted)
$0.55
$0.04

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
PRDO
PRDO
SWBI
SWBI
Q4 25
$211.6M
$124.7M
Q3 25
$211.9M
$85.1M
Q2 25
$209.6M
$140.8M
Q1 25
$213.0M
$115.9M
Q4 24
$176.4M
$129.7M
Q3 24
$169.8M
$88.3M
Q2 24
$166.7M
$159.1M
Q1 24
$168.3M
$137.5M
Net Profit
PRDO
PRDO
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$39.9M
$-3.4M
Q2 25
$41.0M
$8.6M
Q1 25
$43.7M
$2.1M
Q4 24
$4.5M
Q3 24
$38.3M
$-1.9M
Q2 24
$38.4M
$27.9M
Q1 24
$39.4M
$7.9M
Gross Margin
PRDO
PRDO
SWBI
SWBI
Q4 25
24.3%
Q3 25
25.9%
Q2 25
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
27.4%
Q2 24
35.5%
Q1 24
28.7%
Operating Margin
PRDO
PRDO
SWBI
SWBI
Q4 25
19.8%
3.3%
Q3 25
24.1%
-3.5%
Q2 25
24.5%
9.3%
Q1 25
24.3%
4.1%
Q4 24
21.1%
5.8%
Q3 24
26.4%
-1.7%
Q2 24
27.6%
17.4%
Q1 24
27.5%
8.2%
Net Margin
PRDO
PRDO
SWBI
SWBI
Q4 25
1.5%
Q3 25
18.8%
-4.0%
Q2 25
19.6%
6.1%
Q1 25
20.5%
1.8%
Q4 24
3.5%
Q3 24
22.5%
-2.1%
Q2 24
23.0%
17.5%
Q1 24
23.4%
5.7%
EPS (diluted)
PRDO
PRDO
SWBI
SWBI
Q4 25
$0.55
$0.04
Q3 25
$0.60
$-0.08
Q2 25
$0.62
$0.19
Q1 25
$0.65
$0.05
Q4 24
$0.46
$0.10
Q3 24
$0.57
$-0.04
Q2 24
$0.57
$0.60
Q1 24
$0.59
$0.17

Balance Sheet & Financial Strength

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

Metric
PRDO
PRDO
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$111.0M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$972.4M
$363.2M
Total Assets
$1.2B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRDO
PRDO
SWBI
SWBI
Q4 25
$111.0M
$22.4M
Q3 25
$159.5M
$18.0M
Q2 25
$172.1M
$25.2M
Q1 25
$132.1M
$26.7M
Q4 24
$109.1M
$39.1M
Q3 24
$238.0M
$35.5M
Q2 24
$127.9M
$60.8M
Q1 24
$125.8M
$47.4M
Stockholders' Equity
PRDO
PRDO
SWBI
SWBI
Q4 25
$972.4M
$363.2M
Q3 25
$997.9M
$364.4M
Q2 25
$984.6M
$372.5M
Q1 25
$970.3M
$366.9M
Q4 24
$959.5M
$371.5M
Q3 24
$935.4M
$380.0M
Q2 24
$899.5M
$399.9M
Q1 24
$866.1M
$376.4M
Total Assets
PRDO
PRDO
SWBI
SWBI
Q4 25
$1.2B
$548.6M
Q3 25
$1.3B
$554.6M
Q2 25
$1.3B
$559.6M
Q1 25
$1.3B
$578.9M
Q4 24
$1.2B
$587.4M
Q3 24
$1.1B
$571.3M
Q2 24
$1.1B
$577.4M
Q1 24
$1.1B
$570.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRDO
PRDO
SWBI
SWBI
Operating Cash FlowLast quarter
$40.1M
$27.3M
Free Cash FlowOCF − Capex
$37.9M
$16.3M
FCF MarginFCF / Revenue
17.9%
13.1%
Capex IntensityCapex / Revenue
1.1%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$216.7M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRDO
PRDO
SWBI
SWBI
Q4 25
$40.1M
$27.3M
Q3 25
$41.2M
$-8.1M
Q2 25
$78.8M
$40.8M
Q1 25
$65.1M
$-9.8M
Q4 24
$17.6M
$-7.4M
Q3 24
$51.0M
$-30.8M
Q2 24
$38.5M
$43.7M
Q1 24
$54.5M
$25.2M
Free Cash Flow
PRDO
PRDO
SWBI
SWBI
Q4 25
$37.9M
$16.3M
Q3 25
$39.4M
$-12.4M
Q2 25
$76.0M
$33.5M
Q1 25
$63.4M
$-16.1M
Q4 24
$16.0M
$-10.7M
Q3 24
$50.0M
$-35.5M
Q2 24
$37.7M
$38.2M
Q1 24
$53.3M
$7.0M
FCF Margin
PRDO
PRDO
SWBI
SWBI
Q4 25
17.9%
13.1%
Q3 25
18.6%
-14.6%
Q2 25
36.3%
23.8%
Q1 25
29.8%
-13.9%
Q4 24
9.1%
-8.3%
Q3 24
29.4%
-40.2%
Q2 24
22.6%
24.0%
Q1 24
31.7%
5.1%
Capex Intensity
PRDO
PRDO
SWBI
SWBI
Q4 25
1.1%
8.8%
Q3 25
0.9%
5.0%
Q2 25
1.3%
5.2%
Q1 25
0.8%
5.4%
Q4 24
0.9%
2.5%
Q3 24
0.6%
5.3%
Q2 24
0.5%
3.5%
Q1 24
0.7%
13.2%
Cash Conversion
PRDO
PRDO
SWBI
SWBI
Q4 25
14.22×
Q3 25
1.03×
Q2 25
1.92×
4.73×
Q1 25
1.49×
-4.68×
Q4 24
-1.63×
Q3 24
1.33×
Q2 24
1.00×
1.57×
Q1 24
1.38×
3.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRDO
PRDO

CTU$107.0M51%
AIUS$60.8M29%
University Of St Augustine For Health Sciences Llc$43.7M21%
Other$1.1M1%

SWBI
SWBI

Segment breakdown not available.

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