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Side-by-side financial comparison of Strategic Education, Inc. (STRA) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $208.0M, roughly 1.5× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 10.7%, a 5.5% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -10.9%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-74.1M). Over the past eight quarters, Strategic Education, Inc.'s revenue compounded faster (-1.0% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
STRA vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $305.9M | $208.0M |
| Net Profit | $32.8M | $33.9M |
| Gross Margin | — | — |
| Operating Margin | 13.4% | 19.1% |
| Net Margin | 10.7% | 16.3% |
| Revenue YoY | 0.8% | -10.9% |
| Net Profit YoY | 10.3% | -14.2% |
| EPS (diluted) | $1.48 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $319.9M | $216.4M | ||
| Q2 25 | $321.5M | $210.5M | ||
| Q1 25 | $303.6M | $217.9M | ||
| Q4 24 | $311.5M | $233.5M | ||
| Q3 24 | $306.0M | $227.0M | ||
| Q2 24 | $312.3M | $224.4M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | $33.9M | ||
| Q3 25 | $26.6M | $31.3M | ||
| Q2 25 | $32.3M | $42.7M | ||
| Q1 25 | $29.7M | $28.1M | ||
| Q4 24 | $25.3M | $39.5M | ||
| Q3 24 | $27.7M | $49.1M | ||
| Q2 24 | $29.9M | $26.0M |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 16.0% | 19.1% | ||
| Q3 25 | 11.6% | 21.7% | ||
| Q2 25 | 14.2% | 21.5% | ||
| Q1 25 | 13.1% | 16.8% | ||
| Q4 24 | 11.6% | 21.7% | ||
| Q3 24 | 11.9% | 24.3% | ||
| Q2 24 | 13.4% | 19.7% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | 16.3% | ||
| Q3 25 | 8.3% | 14.5% | ||
| Q2 25 | 10.1% | 20.3% | ||
| Q1 25 | 9.8% | 12.9% | ||
| Q4 24 | 8.1% | 16.9% | ||
| Q3 24 | 9.1% | 21.6% | ||
| Q2 24 | 9.6% | 11.6% |
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | $5.15 | ||
| Q3 25 | $1.15 | $4.65 | ||
| Q2 25 | $1.37 | $6.12 | ||
| Q1 25 | $1.24 | $4.05 | ||
| Q4 24 | $1.05 | $4.65 | ||
| Q3 24 | $1.15 | $5.71 | ||
| Q2 24 | $1.24 | $2.43 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $1.6B | $934.0M |
| Total Assets | $2.1B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | — | ||
| Q3 25 | $172.6M | — | ||
| Q2 25 | $164.9M | — | ||
| Q1 25 | $182.6M | — | ||
| Q4 24 | $184.0M | — | ||
| Q3 24 | $222.1M | — | ||
| Q2 24 | $256.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $934.0M | ||
| Q3 25 | $1.7B | $918.7M | ||
| Q2 25 | $1.7B | $896.4M | ||
| Q1 25 | $1.6B | $893.7M | ||
| Q4 24 | $1.7B | $897.5M | ||
| Q3 24 | $1.7B | $889.0M | ||
| Q2 24 | $1.7B | $868.7M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $4.3B | ||
| Q3 25 | $2.1B | $3.9B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $2.0B | $4.0B | ||
| Q3 24 | $2.2B | $3.6B | ||
| Q2 24 | $2.2B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $77.3M | $-74.1M |
| FCF MarginFCF / Revenue | 25.3% | -35.6% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | 2.66× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $173.9M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | $-67.2M | ||
| Q3 25 | $60.1M | $108.3M | ||
| Q2 25 | $31.2M | $75.8M | ||
| Q1 25 | $67.7M | $-3.8M | ||
| Q4 24 | $15.9M | $1.8M | ||
| Q3 24 | $51.5M | $69.1M | ||
| Q2 24 | $24.3M | $70.0M |
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | $-74.1M | ||
| Q3 25 | $49.3M | $106.9M | ||
| Q2 25 | $20.4M | $74.2M | ||
| Q1 25 | $57.3M | $-6.8M | ||
| Q4 24 | $4.7M | $-3.8M | ||
| Q3 24 | $42.1M | $68.7M | ||
| Q2 24 | $13.6M | $68.6M |
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | -35.6% | ||
| Q3 25 | 15.4% | 49.4% | ||
| Q2 25 | 6.3% | 35.2% | ||
| Q1 25 | 18.9% | -3.1% | ||
| Q4 24 | 1.5% | -1.6% | ||
| Q3 24 | 13.8% | 30.3% | ||
| Q2 24 | 4.3% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 3.3% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 3.4% | 0.7% | ||
| Q1 25 | 3.4% | 1.4% | ||
| Q4 24 | 3.6% | 2.4% | ||
| Q3 24 | 3.1% | 0.2% | ||
| Q2 24 | 3.4% | 0.6% |
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | -1.99× | ||
| Q3 25 | 2.26× | 3.45× | ||
| Q2 25 | 0.97× | 1.77× | ||
| Q1 25 | 2.27× | -0.13× | ||
| Q4 24 | 0.63× | 0.04× | ||
| Q3 24 | 1.86× | 1.41× | ||
| Q2 24 | 0.81× | 2.69× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
