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Side-by-side financial comparison of PERDOCEO EDUCATION Corp (PRDO) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
PERDOCEO EDUCATION Corp is the larger business by last-quarter revenue ($211.6M vs $117.3M, roughly 1.8× Latham Group, Inc.). On growth, PERDOCEO EDUCATION Corp posted the faster year-over-year revenue change (20.0% vs 5.3%). Over the past eight quarters, PERDOCEO EDUCATION Corp's revenue compounded faster (12.2% CAGR vs -14.4%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
PRDO vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $211.6M | $117.3M |
| Net Profit | — | $-8.5M |
| Gross Margin | — | 31.7% |
| Operating Margin | 19.8% | — |
| Net Margin | — | -7.3% |
| Revenue YoY | 20.0% | 5.3% |
| Net Profit YoY | — | -43.1% |
| EPS (diluted) | $0.55 | $-0.07 |
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 | — | $117.3M | ||
| Q4 25 | $211.6M | $100.0M | ||
| Q3 25 | $211.9M | $161.9M | ||
| Q2 25 | $209.6M | $172.6M | ||
| Q1 25 | $213.0M | $111.4M | ||
| Q4 24 | $176.4M | $87.3M | ||
| Q3 24 | $169.8M | $150.5M | ||
| Q2 24 | $166.7M | $160.1M |
| Q1 26 | — | $-8.5M | ||
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $39.9M | $8.1M | ||
| Q2 25 | $41.0M | $16.0M | ||
| Q1 25 | $43.7M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $38.3M | $5.9M | ||
| Q2 24 | $38.4M | $13.3M |
| Q1 26 | — | 31.7% | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | -10.7% | ||
| Q3 25 | 24.1% | 13.3% | ||
| Q2 25 | 24.5% | 14.3% | ||
| Q1 25 | 24.3% | -4.4% | ||
| Q4 24 | 21.1% | -14.9% | ||
| Q3 24 | 26.4% | 8.9% | ||
| Q2 24 | 27.6% | 12.5% |
| Q1 26 | — | -7.3% | ||
| Q4 25 | — | -7.0% | ||
| Q3 25 | 18.8% | 5.0% | ||
| Q2 25 | 19.6% | 9.3% | ||
| Q1 25 | 20.5% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 22.5% | 3.9% | ||
| Q2 24 | 23.0% | 8.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.55 | $-0.06 | ||
| Q3 25 | $0.60 | $0.07 | ||
| Q2 25 | $0.62 | $0.13 | ||
| Q1 25 | $0.65 | $-0.05 | ||
| Q4 24 | $0.46 | $-0.24 | ||
| Q3 24 | $0.57 | $0.05 | ||
| Q2 24 | $0.57 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.0M | — |
| Total DebtLower is stronger | — | $3.3M |
| Stockholders' EquityBook value | $972.4M | $396.7M |
| Total Assets | $1.2B | $856.4M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $111.0M | — | ||
| Q3 25 | $159.5M | — | ||
| Q2 25 | $172.1M | — | ||
| Q1 25 | $132.1M | — | ||
| Q4 24 | $109.1M | — | ||
| Q3 24 | $238.0M | — | ||
| Q2 24 | $127.9M | — |
| Q1 26 | — | $3.3M | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | — | $396.7M | ||
| Q4 25 | $972.4M | $405.9M | ||
| Q3 25 | $997.9M | $408.4M | ||
| Q2 25 | $984.6M | $398.4M | ||
| Q1 25 | $970.3M | $381.1M | ||
| Q4 24 | $959.5M | $387.2M | ||
| Q3 24 | $935.4M | $416.6M | ||
| Q2 24 | $899.5M | $408.1M |
| Q1 26 | — | $856.4M | ||
| Q4 25 | $1.2B | $823.2M | ||
| Q3 25 | $1.3B | $844.4M | ||
| Q2 25 | $1.3B | $822.1M | ||
| Q1 25 | $1.3B | $824.6M | ||
| Q4 24 | $1.2B | $794.2M | ||
| Q3 24 | $1.1B | $853.4M | ||
| Q2 24 | $1.1B | $830.0M |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | $40.1M | $-47.7M |
| Free Cash FlowOCF − Capex | $37.9M | — |
| FCF MarginFCF / Revenue | 17.9% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $216.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $40.1M | $23.3M | ||
| Q3 25 | $41.2M | $51.0M | ||
| Q2 25 | $78.8M | $36.0M | ||
| Q1 25 | $65.1M | $-46.9M | ||
| Q4 24 | $17.6M | $6.2M | ||
| Q3 24 | $51.0M | $37.2M | ||
| Q2 24 | $38.5M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $37.9M | $14.1M | ||
| Q3 25 | $39.4M | $45.2M | ||
| Q2 25 | $76.0M | $29.1M | ||
| Q1 25 | $63.4M | $-50.3M | ||
| Q4 24 | $16.0M | $-98.0K | ||
| Q3 24 | $50.0M | $33.2M | ||
| Q2 24 | $37.7M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 14.1% | ||
| Q3 25 | 18.6% | 27.9% | ||
| Q2 25 | 36.3% | 16.8% | ||
| Q1 25 | 29.8% | -45.2% | ||
| Q4 24 | 9.1% | -0.1% | ||
| Q3 24 | 29.4% | 22.1% | ||
| Q2 24 | 22.6% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 9.2% | ||
| Q3 25 | 0.9% | 3.6% | ||
| Q2 25 | 1.3% | 4.0% | ||
| Q1 25 | 0.8% | 3.1% | ||
| Q4 24 | 0.9% | 7.2% | ||
| Q3 24 | 0.6% | 2.7% | ||
| Q2 24 | 0.5% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.03× | 6.29× | ||
| Q2 25 | 1.92× | 2.25× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.33× | 6.32× | ||
| Q2 24 | 1.00× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRDO
| CTU | $107.0M | 51% |
| AIUS | $60.8M | 29% |
| University Of St Augustine For Health Sciences Llc | $43.7M | 21% |
| Other | $1.1M | 1% |
SWIM
Segment breakdown not available.
