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Side-by-side financial comparison of Strategic Education, Inc. (STRA) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $249.0M, roughly 1.2× XPLR Infrastructure, LP). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 10.7%, a 0.5% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -15.3%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-88.0M). Over the past eight quarters, Strategic Education, Inc.'s revenue compounded faster (-1.0% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
STRA vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $305.9M | $249.0M |
| Net Profit | $32.8M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 13.4% | -19.3% |
| Net Margin | 10.7% | 11.2% |
| Revenue YoY | 0.8% | -15.3% |
| Net Profit YoY | 10.3% | 124.3% |
| 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 | $249.0M | ||
| Q3 25 | $319.9M | $315.0M | ||
| Q2 25 | $321.5M | $342.0M | ||
| Q1 25 | $303.6M | $282.0M | ||
| Q4 24 | $311.5M | $294.0M | ||
| Q3 24 | $306.0M | $319.0M | ||
| Q2 24 | $312.3M | $360.0M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | $28.0M | ||
| Q3 25 | $26.6M | $-37.0M | ||
| Q2 25 | $32.3M | $79.0M | ||
| Q1 25 | $29.7M | $-98.0M | ||
| Q4 24 | $25.3M | $-115.0M | ||
| Q3 24 | $27.7M | $-40.0M | ||
| Q2 24 | $29.9M | $62.0M |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 16.0% | -19.3% | ||
| Q3 25 | 11.6% | 1.6% | ||
| Q2 25 | 14.2% | 26.3% | ||
| Q1 25 | 13.1% | -82.6% | ||
| Q4 24 | 11.6% | -188.1% | ||
| Q3 24 | 11.9% | 15.4% | ||
| Q2 24 | 13.4% | 18.3% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | 11.2% | ||
| Q3 25 | 8.3% | -11.7% | ||
| Q2 25 | 10.1% | 23.1% | ||
| Q1 25 | 9.8% | -34.8% | ||
| Q4 24 | 8.1% | -39.1% | ||
| Q3 24 | 9.1% | -12.5% | ||
| Q2 24 | 9.6% | 17.2% |
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | — | ||
| Q3 25 | $1.15 | $-0.40 | ||
| Q2 25 | $1.37 | $0.84 | ||
| Q1 25 | $1.24 | $-1.05 | ||
| Q4 24 | $1.05 | — | ||
| Q3 24 | $1.15 | $-0.43 | ||
| Q2 24 | $1.24 | $0.66 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $1.6B | $10.9B |
| Total Assets | $2.1B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | $960.0M | ||
| Q3 25 | $172.6M | $711.0M | ||
| Q2 25 | $164.9M | $880.0M | ||
| Q1 25 | $182.6M | $1.5B | ||
| Q4 24 | $184.0M | $283.0M | ||
| Q3 24 | $222.1M | $290.0M | ||
| Q2 24 | $256.2M | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $10.9B | ||
| Q3 25 | $1.7B | $11.0B | ||
| Q2 25 | $1.7B | $11.3B | ||
| Q1 25 | $1.6B | $12.6B | ||
| Q4 24 | $1.7B | $12.9B | ||
| Q3 24 | $1.7B | $13.6B | ||
| Q2 24 | $1.7B | $13.9B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $19.6B | ||
| Q3 25 | $2.1B | $19.1B | ||
| Q2 25 | $2.1B | $20.5B | ||
| Q1 25 | $2.1B | $21.4B | ||
| Q4 24 | $2.0B | $20.3B | ||
| Q3 24 | $2.2B | $20.9B | ||
| Q2 24 | $2.2B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | $77.3M | $-88.0M |
| FCF MarginFCF / Revenue | 25.3% | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | 2.66× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $173.9M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | $186.0M | ||
| Q3 25 | $60.1M | $231.0M | ||
| Q2 25 | $31.2M | $232.0M | ||
| Q1 25 | $67.7M | $90.0M | ||
| Q4 24 | $15.9M | $283.0M | ||
| Q3 24 | $51.5M | $208.0M | ||
| Q2 24 | $24.3M | $231.0M |
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | $-88.0M | ||
| Q3 25 | $49.3M | $-283.0M | ||
| Q2 25 | $20.4M | $151.0M | ||
| Q1 25 | $57.3M | $1.0M | ||
| Q4 24 | $4.7M | $231.0M | ||
| Q3 24 | $42.1M | $152.0M | ||
| Q2 24 | $13.6M | $162.0M |
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | -35.3% | ||
| Q3 25 | 15.4% | -89.8% | ||
| Q2 25 | 6.3% | 44.2% | ||
| Q1 25 | 18.9% | 0.4% | ||
| Q4 24 | 1.5% | 78.6% | ||
| Q3 24 | 13.8% | 47.6% | ||
| Q2 24 | 4.3% | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 110.0% | ||
| Q3 25 | 3.4% | 163.2% | ||
| Q2 25 | 3.4% | 23.7% | ||
| Q1 25 | 3.4% | 31.6% | ||
| Q4 24 | 3.6% | 17.7% | ||
| Q3 24 | 3.1% | 17.6% | ||
| Q2 24 | 3.4% | 19.2% |
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | 6.64× | ||
| Q3 25 | 2.26× | — | ||
| Q2 25 | 0.97× | 2.94× | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 0.81× | 3.73× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
