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Side-by-side financial comparison of Phoenix Education Partners, Inc. (PXED) and WAFD INC (WAFD). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $191.4M, roughly 1.2× WAFD INC). WAFD INC runs the higher net margin — 33.5% vs 4.8%, a 28.7% gap on every dollar of revenue. WAFD INC produced more free cash flow last quarter ($50.0M vs $43.5M).

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

PXED vs WAFD — Head-to-Head

Bigger by revenue
PXED
PXED
1.2× larger
PXED
$222.5M
$191.4M
WAFD
Higher net margin
WAFD
WAFD
28.7% more per $
WAFD
33.5%
4.8%
PXED
More free cash flow
WAFD
WAFD
$6.5M more FCF
WAFD
$50.0M
$43.5M
PXED

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
PXED
PXED
WAFD
WAFD
Revenue
$222.5M
$191.4M
Net Profit
$10.8M
$64.2M
Gross Margin
Operating Margin
6.3%
43.0%
Net Margin
4.8%
33.5%
Revenue YoY
11.8%
Net Profit YoY
35.8%
EPS (diluted)
$0.28
$0.79

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
PXED
PXED
WAFD
WAFD
Q1 26
$222.5M
Q4 25
$262.0M
$191.4M
Q3 25
$188.3M
Q2 25
$186.3M
Q1 25
$179.8M
Q4 24
$171.1M
Q3 24
$188.7M
Q2 24
$194.4M
Net Profit
PXED
PXED
WAFD
WAFD
Q1 26
$10.8M
Q4 25
$15.5M
$64.2M
Q3 25
$60.6M
Q2 25
$62.0M
Q1 25
$56.3M
Q4 24
$47.3M
Q3 24
$61.1M
Q2 24
$64.6M
Operating Margin
PXED
PXED
WAFD
WAFD
Q1 26
6.3%
Q4 25
9.8%
43.0%
Q3 25
41.2%
Q2 25
42.8%
Q1 25
40.1%
Q4 24
35.2%
Q3 24
42.8%
Q2 24
42.6%
Net Margin
PXED
PXED
WAFD
WAFD
Q1 26
4.8%
Q4 25
5.9%
33.5%
Q3 25
32.2%
Q2 25
33.3%
Q1 25
31.3%
Q4 24
27.6%
Q3 24
32.4%
Q2 24
33.2%
EPS (diluted)
PXED
PXED
WAFD
WAFD
Q1 26
$0.28
Q4 25
$0.40
$0.79
Q3 25
$0.71
Q2 25
$0.73
Q1 25
$0.65
Q4 24
$0.54
Q3 24
$0.73
Q2 24
$0.75

Balance Sheet & Financial Strength

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

Metric
PXED
PXED
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$201.4M
$734.9M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$291.1M
$3.0B
Total Assets
$546.4M
$27.3B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PXED
PXED
WAFD
WAFD
Q1 26
$201.4M
Q4 25
$163.5M
$734.9M
Q3 25
$657.3M
Q2 25
$809.3M
Q1 25
$1.2B
Q4 24
$1.5B
Q3 24
$2.4B
Q2 24
$2.5B
Total Debt
PXED
PXED
WAFD
WAFD
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
PXED
PXED
WAFD
WAFD
Q1 26
$291.1M
Q4 25
$280.4M
$3.0B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$3.0B
Total Assets
PXED
PXED
WAFD
WAFD
Q1 26
$546.4M
Q4 25
$549.6M
$27.3B
Q3 25
$26.7B
Q2 25
$26.7B
Q1 25
$27.6B
Q4 24
$27.7B
Q3 24
$28.1B
Q2 24
$28.6B
Debt / Equity
PXED
PXED
WAFD
WAFD
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
PXED
PXED
WAFD
WAFD
Operating Cash FlowLast quarter
$48.9M
$60.5M
Free Cash FlowOCF − Capex
$43.5M
$50.0M
FCF MarginFCF / Revenue
19.6%
26.1%
Capex IntensityCapex / Revenue
2.4%
5.5%
Cash ConversionOCF / Net Profit
4.53×
0.94×
TTM Free Cash FlowTrailing 4 quarters
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PXED
PXED
WAFD
WAFD
Q1 26
$48.9M
Q4 25
$31.1M
$60.5M
Q3 25
$237.0M
Q2 25
$58.0M
Q1 25
$72.1M
Q4 24
$49.4M
Q3 24
$439.2M
Q2 24
$63.1M
Free Cash Flow
PXED
PXED
WAFD
WAFD
Q1 26
$43.5M
Q4 25
$26.4M
$50.0M
Q3 25
$208.2M
Q2 25
$53.1M
Q1 25
$66.6M
Q4 24
$43.0M
Q3 24
$414.6M
Q2 24
$58.3M
FCF Margin
PXED
PXED
WAFD
WAFD
Q1 26
19.6%
Q4 25
10.1%
26.1%
Q3 25
110.6%
Q2 25
28.5%
Q1 25
37.0%
Q4 24
25.1%
Q3 24
219.7%
Q2 24
30.0%
Capex Intensity
PXED
PXED
WAFD
WAFD
Q1 26
2.4%
Q4 25
1.8%
5.5%
Q3 25
15.2%
Q2 25
2.6%
Q1 25
3.1%
Q4 24
3.8%
Q3 24
13.1%
Q2 24
2.5%
Cash Conversion
PXED
PXED
WAFD
WAFD
Q1 26
4.53×
Q4 25
2.01×
0.94×
Q3 25
3.91×
Q2 25
0.94×
Q1 25
1.28×
Q4 24
1.05×
Q3 24
7.18×
Q2 24
0.98×

Financial Flow Comparison

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

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