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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Stride, Inc. (LRN), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Stride, Inc. is the larger business by last-quarter revenue ($631.3M vs $308.1M, roughly 2.0× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 15.8%, a 12.4% gap on every dollar of revenue. On growth, Stride, Inc. posted the faster year-over-year revenue change (7.5% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $91.6M). Over the past eight quarters, Stride, Inc.'s revenue compounded faster (10.1% CAGR vs 5.9%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
Stride, Inc. is a for-profit education company that provides online and blended education programs. Stride, Inc. is an education management organization (EMO) that provides online education designed as an alternative to traditional "brick and mortar" education for public school students from kindergarten to 12th grade, as well as career learning programs. As of 2012, publicly traded Stride, Inc. was the largest EMO in terms of enrollment.
LOPE vs LRN — Head-to-Head
Income Statement — Q4 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $631.3M |
| Net Profit | $86.7M | $99.5M |
| Gross Margin | — | 41.1% |
| Operating Margin | 35.1% | 23.3% |
| Net Margin | 28.1% | 15.8% |
| Revenue YoY | 5.3% | 7.5% |
| Net Profit YoY | 5.9% | 3.2% |
| EPS (diluted) | $3.13 | $2.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $308.1M | $631.3M | ||
| Q3 25 | $261.1M | $620.9M | ||
| Q2 25 | $247.5M | $653.6M | ||
| Q1 25 | $289.3M | $613.4M | ||
| Q4 24 | $292.6M | $587.2M | ||
| Q3 24 | $238.3M | $551.1M | ||
| Q2 24 | $227.5M | $534.2M | ||
| Q1 24 | $274.7M | $520.8M |
| Q4 25 | $86.7M | $99.5M | ||
| Q3 25 | $16.3M | $68.8M | ||
| Q2 25 | $41.5M | $51.3M | ||
| Q1 25 | $71.6M | $99.3M | ||
| Q4 24 | $81.9M | $96.4M | ||
| Q3 24 | $41.5M | $40.9M | ||
| Q2 24 | $34.9M | $62.8M | ||
| Q1 24 | $68.0M | $69.7M |
| Q4 25 | — | 41.1% | ||
| Q3 25 | — | 39.0% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 40.6% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | — | 39.2% | ||
| Q2 24 | — | 35.2% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | 35.1% | 23.3% | ||
| Q3 25 | 6.9% | 11.1% | ||
| Q2 25 | 20.9% | 8.7% | ||
| Q1 25 | 30.4% | 21.3% | ||
| Q4 24 | 34.2% | 21.3% | ||
| Q3 24 | 20.2% | 8.6% | ||
| Q2 24 | 18.8% | 13.8% | ||
| Q1 24 | 30.8% | 17.0% |
| Q4 25 | 28.1% | 15.8% | ||
| Q3 25 | 6.2% | 11.1% | ||
| Q2 25 | 16.8% | 7.9% | ||
| Q1 25 | 24.8% | 16.2% | ||
| Q4 24 | 28.0% | 16.4% | ||
| Q3 24 | 17.4% | 7.4% | ||
| Q2 24 | 15.3% | 11.8% | ||
| Q1 24 | 24.8% | 13.4% |
| Q4 25 | $3.13 | $2.12 | ||
| Q3 25 | $0.58 | $1.40 | ||
| Q2 25 | $1.48 | $0.96 | ||
| Q1 25 | $2.52 | $2.02 | ||
| Q4 24 | $2.83 | $2.03 | ||
| Q3 24 | $1.42 | $0.94 | ||
| Q2 24 | $1.19 | $1.44 | ||
| Q1 24 | $2.29 | $1.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.8M | $625.7M |
| Total DebtLower is stronger | — | $417.2M |
| Stockholders' EquityBook value | $746.9M | $1.5B |
| Total Assets | $992.3M | $2.3B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $111.8M | $625.7M | ||
| Q3 25 | $97.3M | $715.1M | ||
| Q2 25 | $192.3M | $985.3M | ||
| Q1 25 | $144.5M | $723.7M | ||
| Q4 24 | $324.6M | $717.5M | ||
| Q3 24 | $263.6M | $522.2M | ||
| Q2 24 | $241.3M | $692.3M | ||
| Q1 24 | $196.2M | $376.6M |
| Q4 25 | — | $417.2M | ||
| Q3 25 | — | $416.8M | ||
| Q2 25 | — | $416.3M | ||
| Q1 25 | — | $415.9M | ||
| Q4 24 | — | $415.5M | ||
| Q3 24 | — | $415.1M | ||
| Q2 24 | — | $414.7M | ||
| Q1 24 | — | $414.3M |
| Q4 25 | $746.9M | $1.5B | ||
| Q3 25 | $758.0M | $1.5B | ||
| Q2 25 | $778.0M | $1.5B | ||
| Q1 25 | $780.7M | $1.4B | ||
| Q4 24 | $783.9M | $1.3B | ||
| Q3 24 | $764.1M | $1.2B | ||
| Q2 24 | $759.2M | $1.2B | ||
| Q1 24 | $759.4M | $1.1B |
| Q4 25 | $992.3M | $2.3B | ||
| Q3 25 | $1.0B | $2.3B | ||
| Q2 25 | $1.0B | $2.3B | ||
| Q1 25 | $1.0B | $2.2B | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $992.9M | $2.0B | ||
| Q2 24 | $992.7M | $1.9B | ||
| Q1 24 | $1.0B | $1.9B |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.38× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $130.5M | $91.8M |
| Free Cash FlowOCF − Capex | $122.9M | $91.6M |
| FCF MarginFCF / Revenue | 39.9% | 14.5% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 2.5% | 0.0% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.50× | 0.92× |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $246.3M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $130.5M | $91.8M | ||
| Q3 25 | $-48.6M | $-195.8M | ||
| Q2 25 | $124.0M | $298.3M | ||
| Q1 25 | $67.6M | $53.1M | ||
| Q4 24 | $135.8M | $223.4M | ||
| Q3 24 | $-29.4M | $-142.0M | ||
| Q2 24 | $98.6M | $172.2M | ||
| Q1 24 | $85.0M | $68.6M |
| Q4 25 | $122.9M | $91.6M | ||
| Q3 25 | $-58.3M | $-196.1M | ||
| Q2 25 | $115.4M | $297.9M | ||
| Q1 25 | $58.7M | $52.9M | ||
| Q4 24 | $126.1M | $222.9M | ||
| Q3 24 | $-39.0M | $-142.7M | ||
| Q2 24 | $89.6M | $171.4M | ||
| Q1 24 | $76.0M | $68.4M |
| Q4 25 | 39.9% | 14.5% | ||
| Q3 25 | -22.3% | -31.6% | ||
| Q2 25 | 46.6% | 45.6% | ||
| Q1 25 | 20.3% | 8.6% | ||
| Q4 24 | 43.1% | 38.0% | ||
| Q3 24 | -16.3% | -25.9% | ||
| Q2 24 | 39.4% | 32.1% | ||
| Q1 24 | 27.7% | 13.1% |
| Q4 25 | 2.5% | 0.0% | ||
| Q3 25 | 3.7% | 0.0% | ||
| Q2 25 | 3.5% | 0.1% | ||
| Q1 25 | 3.1% | 0.0% | ||
| Q4 24 | 3.3% | 0.1% | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 3.9% | 0.1% | ||
| Q1 24 | 3.3% | 0.0% |
| Q4 25 | 1.50× | 0.92× | ||
| Q3 25 | -2.99× | -2.85× | ||
| Q2 25 | 2.98× | 5.81× | ||
| Q1 25 | 0.94× | 0.53× | ||
| Q4 24 | 1.66× | 2.32× | ||
| Q3 24 | -0.71× | -3.47× | ||
| Q2 24 | 2.83× | 2.74× | ||
| Q1 24 | 1.25× | 0.98× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
LRN
| General Education | $341.4M | 54% |
| Middle High School | $275.6M | 44% |
| Adult | $14.3M | 2% |