vs
Side-by-side financial comparison of Strategic Education, Inc. (STRA) and WORKIVA INC (WK). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $238.9M, roughly 1.3× WORKIVA INC). Strategic Education, Inc. runs the higher net margin — 10.7% vs 4.9%, a 5.8% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 0.8%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $50.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs -1.0%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
STRA vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $305.9M | $238.9M |
| Net Profit | $32.8M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 13.4% | 3.3% |
| Net Margin | 10.7% | 4.9% |
| Revenue YoY | 0.8% | 19.5% |
| Net Profit YoY | 10.3% | 234.0% |
| EPS (diluted) | $1.48 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $319.9M | $224.2M | ||
| Q2 25 | $321.5M | $215.2M | ||
| Q1 25 | $303.6M | $206.3M | ||
| Q4 24 | $311.5M | $199.9M | ||
| Q3 24 | $306.0M | $185.6M | ||
| Q2 24 | $312.3M | $177.5M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | $11.8M | ||
| Q3 25 | $26.6M | $2.8M | ||
| Q2 25 | $32.3M | $-19.4M | ||
| Q1 25 | $29.7M | $-21.4M | ||
| Q4 24 | $25.3M | $-8.8M | ||
| Q3 24 | $27.7M | $-17.0M | ||
| Q2 24 | $29.9M | $-17.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 16.0% | 3.3% | ||
| Q3 25 | 11.6% | -1.5% | ||
| Q2 25 | 14.2% | -10.3% | ||
| Q1 25 | 13.1% | -12.0% | ||
| Q4 24 | 11.6% | -6.7% | ||
| Q3 24 | 11.9% | -11.7% | ||
| Q2 24 | 13.4% | -13.0% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | 4.9% | ||
| Q3 25 | 8.3% | 1.2% | ||
| Q2 25 | 10.1% | -9.0% | ||
| Q1 25 | 9.8% | -10.4% | ||
| Q4 24 | 8.1% | -4.4% | ||
| Q3 24 | 9.1% | -9.2% | ||
| Q2 24 | 9.6% | -9.9% |
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | $0.21 | ||
| Q3 25 | $1.15 | $0.05 | ||
| Q2 25 | $1.37 | $-0.35 | ||
| Q1 25 | $1.24 | $-0.38 | ||
| Q4 24 | $1.05 | $-0.15 | ||
| Q3 24 | $1.15 | $-0.31 | ||
| Q2 24 | $1.24 | $-0.32 |
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 | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.6B | $-5.4M |
| Total Assets | $2.1B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | $338.8M | ||
| Q3 25 | $172.6M | $315.9M | ||
| Q2 25 | $164.9M | $284.3M | ||
| Q1 25 | $182.6M | $242.0M | ||
| Q4 24 | $184.0M | $301.8M | ||
| Q3 24 | $222.1M | $248.2M | ||
| Q2 24 | $256.2M | $267.9M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $-5.4M | ||
| Q3 25 | $1.7B | $-36.9M | ||
| Q2 25 | $1.7B | $-66.5M | ||
| Q1 25 | $1.6B | $-75.7M | ||
| Q4 24 | $1.7B | $-41.7M | ||
| Q3 24 | $1.7B | $-50.8M | ||
| Q2 24 | $1.7B | $-77.7M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.2B | $1.2B |
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 | $51.0M |
| Free Cash FlowOCF − Capex | $77.3M | $50.7M |
| FCF MarginFCF / Revenue | 25.3% | 21.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 2.66× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $173.9M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | $51.0M | ||
| Q3 25 | $60.1M | $46.2M | ||
| Q2 25 | $31.2M | $50.3M | ||
| Q1 25 | $67.7M | $-7.4M | ||
| Q4 24 | $15.9M | $44.0M | ||
| Q3 24 | $51.5M | $18.9M | ||
| Q2 24 | $24.3M | $-14.0K |
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | $50.7M | ||
| Q3 25 | $49.3M | $46.1M | ||
| Q2 25 | $20.4M | $49.3M | ||
| Q1 25 | $57.3M | $-8.1M | ||
| Q4 24 | $4.7M | $43.2M | ||
| Q3 24 | $42.1M | $18.7M | ||
| Q2 24 | $13.6M | $-122.0K |
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | 21.2% | ||
| Q3 25 | 15.4% | 20.5% | ||
| Q2 25 | 6.3% | 22.9% | ||
| Q1 25 | 18.9% | -3.9% | ||
| Q4 24 | 1.5% | 21.6% | ||
| Q3 24 | 13.8% | 10.1% | ||
| Q2 24 | 4.3% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 0.1% | ||
| Q3 25 | 3.4% | 0.0% | ||
| Q2 25 | 3.4% | 0.5% | ||
| Q1 25 | 3.4% | 0.4% | ||
| Q4 24 | 3.6% | 0.4% | ||
| Q3 24 | 3.1% | 0.1% | ||
| Q2 24 | 3.4% | 0.1% |
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | 4.31× | ||
| Q3 25 | 2.26× | 16.57× | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
