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Side-by-side financial comparison of Strategic Education, Inc. (STRA) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $305.9M, roughly 1.7× Strategic Education, Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs -9.3%, a 20.0% gap on every dollar of revenue. Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $37.1M).
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.
STRA vs TIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $305.9M | $508.3M |
| Net Profit | $32.8M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | 13.4% | -3.8% |
| Net Margin | 10.7% | -9.3% |
| Revenue YoY | 0.8% | — |
| Net Profit YoY | 10.3% | — |
| EPS (diluted) | $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 | $323.2M | $508.3M | ||
| Q3 25 | $319.9M | $473.9M | ||
| Q2 25 | $321.5M | $313.9M | ||
| Q1 25 | $303.6M | $234.2M | ||
| Q4 24 | $311.5M | — | ||
| Q3 24 | $306.0M | — | ||
| Q2 24 | $312.3M | — |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | $-47.2M | ||
| Q3 25 | $26.6M | $-13.9M | ||
| Q2 25 | $32.3M | $-233.0K | ||
| Q1 25 | $29.7M | $-25.8M | ||
| Q4 24 | $25.3M | — | ||
| Q3 24 | $27.7M | — | ||
| Q2 24 | $29.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 16.0% | -3.8% | ||
| Q3 25 | 11.6% | -1.4% | ||
| Q2 25 | 14.2% | 5.8% | ||
| Q1 25 | 13.1% | -4.0% | ||
| Q4 24 | 11.6% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 13.4% | — |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | -9.3% | ||
| Q3 25 | 8.3% | -2.9% | ||
| Q2 25 | 10.1% | -0.1% | ||
| Q1 25 | 9.8% | -11.0% | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 9.6% | — |
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | — | ||
| Q3 25 | $1.15 | $-0.08 | ||
| Q2 25 | $1.37 | — | ||
| Q1 25 | $1.24 | — | ||
| Q4 24 | $1.05 | — | ||
| Q3 24 | $1.15 | — | ||
| Q2 24 | $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 | $150.3M | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $1.6B | $2.2B |
| Total Assets | $2.1B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | $439.5M | ||
| Q3 25 | $172.6M | $164.4M | ||
| Q2 25 | $164.9M | $130.1M | ||
| Q1 25 | $182.6M | $155.7M | ||
| Q4 24 | $184.0M | — | ||
| Q3 24 | $222.1M | — | ||
| Q2 24 | $256.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $4.4B | ||
| Q3 25 | $2.1B | $4.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $87.4M | $49.7M |
| Free Cash FlowOCF − Capex | $77.3M | $37.1M |
| FCF MarginFCF / Revenue | 25.3% | 7.3% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 2.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $173.9M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | $49.7M | ||
| Q3 25 | $60.1M | $19.0M | ||
| Q2 25 | $31.2M | $-6.5M | ||
| Q1 25 | $67.7M | $32.8M | ||
| Q4 24 | $15.9M | — | ||
| Q3 24 | $51.5M | — | ||
| Q2 24 | $24.3M | — |
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | $37.1M | ||
| Q3 25 | $49.3M | $10.3M | ||
| Q2 25 | $20.4M | $-14.5M | ||
| Q1 25 | $57.3M | $28.3M | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $42.1M | — | ||
| Q2 24 | $13.6M | — |
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | 7.3% | ||
| Q3 25 | 15.4% | 2.2% | ||
| Q2 25 | 6.3% | -4.6% | ||
| Q1 25 | 18.9% | 12.1% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 4.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 2.5% | ||
| Q3 25 | 3.4% | 1.8% | ||
| Q2 25 | 3.4% | 2.6% | ||
| Q1 25 | 3.4% | 1.9% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 3.4% | — |
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 2.26× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 0.81× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
