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Side-by-side financial comparison of Strategic Education, Inc. (STRA) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $305.9M, roughly 1.3× Strategic Education, Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs 1.7%, a 9.1% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 0.8%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $60.9M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
STRA vs ZETA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $305.9M | $394.6M |
| Net Profit | $32.8M | $6.5M |
| Gross Margin | — | 59.5% |
| Operating Margin | 13.4% | 4.5% |
| Net Margin | 10.7% | 1.7% |
| Revenue YoY | 0.8% | 25.4% |
| Net Profit YoY | 10.3% | -57.1% |
| EPS (diluted) | $1.48 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $319.9M | $337.2M | ||
| Q2 25 | $321.5M | $308.4M | ||
| Q1 25 | $303.6M | $264.4M | ||
| Q4 24 | $311.5M | $314.7M | ||
| Q3 24 | $306.0M | $268.3M | ||
| Q2 24 | $312.3M | $227.8M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | $6.5M | ||
| Q3 25 | $26.6M | $-3.6M | ||
| Q2 25 | $32.3M | $-12.8M | ||
| Q1 25 | $29.7M | $-21.6M | ||
| Q4 24 | $25.3M | $15.2M | ||
| Q3 24 | $27.7M | $-17.4M | ||
| Q2 24 | $29.9M | $-28.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 59.5% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 60.9% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 60.0% |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 16.0% | 4.5% | ||
| Q3 25 | 11.6% | 2.6% | ||
| Q2 25 | 14.2% | -1.7% | ||
| Q1 25 | 13.1% | -6.1% | ||
| Q4 24 | 11.6% | 2.2% | ||
| Q3 24 | 11.9% | -4.6% | ||
| Q2 24 | 13.4% | -11.7% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | 1.7% | ||
| Q3 25 | 8.3% | -1.1% | ||
| Q2 25 | 10.1% | -4.2% | ||
| Q1 25 | 9.8% | -8.2% | ||
| Q4 24 | 8.1% | 4.8% | ||
| Q3 24 | 9.1% | -6.5% | ||
| Q2 24 | 9.6% | -12.3% |
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | $0.04 | ||
| Q3 25 | $1.15 | $-0.02 | ||
| Q2 25 | $1.37 | $-0.06 | ||
| Q1 25 | $1.24 | $-0.10 | ||
| Q4 24 | $1.05 | $0.10 | ||
| Q3 24 | $1.15 | $-0.09 | ||
| Q2 24 | $1.24 | $-0.16 |
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 | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | $1.6B | $804.6M |
| Total Assets | $2.1B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | $319.8M | ||
| Q3 25 | $172.6M | $385.2M | ||
| Q2 25 | $164.9M | $365.3M | ||
| Q1 25 | $182.6M | $364.4M | ||
| Q4 24 | $184.0M | $366.2M | ||
| Q3 24 | $222.1M | $418.5M | ||
| Q2 24 | $256.2M | $154.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $804.6M | ||
| Q3 25 | $1.7B | $689.2M | ||
| Q2 25 | $1.7B | $673.3M | ||
| Q1 25 | $1.6B | $676.6M | ||
| Q4 24 | $1.7B | $676.8M | ||
| Q3 24 | $1.7B | $474.9M | ||
| Q2 24 | $1.7B | $217.0M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.2B | $869.1M | ||
| Q2 24 | $2.2B | $583.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $77.3M | $60.9M |
| FCF MarginFCF / Revenue | 25.3% | 15.4% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 2.66× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $173.9M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | $64.1M | ||
| Q3 25 | $60.1M | $57.9M | ||
| Q2 25 | $31.2M | $42.0M | ||
| Q1 25 | $67.7M | $34.8M | ||
| Q4 24 | $15.9M | $43.7M | ||
| Q3 24 | $51.5M | $34.4M | ||
| Q2 24 | $24.3M | $31.1M |
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | $60.9M | ||
| Q3 25 | $49.3M | $52.4M | ||
| Q2 25 | $20.4M | $39.7M | ||
| Q1 25 | $57.3M | $32.1M | ||
| Q4 24 | $4.7M | $35.4M | ||
| Q3 24 | $42.1M | $29.5M | ||
| Q2 24 | $13.6M | $24.4M |
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | 15.4% | ||
| Q3 25 | 15.4% | 15.6% | ||
| Q2 25 | 6.3% | 12.9% | ||
| Q1 25 | 18.9% | 12.1% | ||
| Q4 24 | 1.5% | 11.3% | ||
| Q3 24 | 13.8% | 11.0% | ||
| Q2 24 | 4.3% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 0.8% | ||
| Q3 25 | 3.4% | 1.6% | ||
| Q2 25 | 3.4% | 0.8% | ||
| Q1 25 | 3.4% | 1.0% | ||
| Q4 24 | 3.6% | 2.6% | ||
| Q3 24 | 3.1% | 1.8% | ||
| Q2 24 | 3.4% | 3.0% |
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | 9.81× | ||
| Q3 25 | 2.26× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 0.63× | 2.87× | ||
| 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% |
ZETA
Segment breakdown not available.
