LOPE vs LRN
Grand Canyon Education, Inc. and Stride, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LOPE | LRN |
|---|---|---|
| Revenue | $1.1B | $2.5B |
| Net income | $216.2M | $338.2M |
| Gross margin | · | 37.8% |
| Net margin | 19.5% | 13.4% |
| Return on equity | 28.2% | 21.7% |
| Diluted EPS | $7.71 | $7.14 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $238.6M | $433.2M |
| Equity | $746.9M | $1.6B |
| Net debt / equity | · | −0.21× |
| Current ratio | 3.65× | 5.94× |
| Revenue CAGR 5y | 5.6% | 10.4% |
| Profit CAGR 5y | −3.4% | 36.5% |
LRN bills 2.3× the revenue of LOPE, and LOPE keeps more of each dollar of revenue as profit (19.5% against 13.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | LOPE | LRN |
|---|---|---|
| FY2025 | $1.1B | $2.5B |
| FY2024 | $1.0B | $2.4B |
| FY2023 | $960.9M | $2.0B |
| FY2022 | $911.3M | $1.8B |
| FY2021 | $896.6M | $1.7B |
| FY2020 | $844.1M | $1.5B |
| FY2019 | $778.6M | $1.0B |
| FY2018 | $845.5M | $1.0B |
| FY2017 | $974.1M | $917.7M |
| FY2016 | $873.3M | $888.5M |
Bottom line
| Fiscal year | LOPE | LRN |
|---|---|---|
| FY2025 | $216.2M | $338.2M |
| FY2024 | $226.2M | $287.9M |
| FY2023 | $205.0M | $204.2M |
| FY2022 | $184.7M | $126.9M |
| FY2021 | $260.3M | $107.1M |
| FY2020 | $257.2M | $71.5M |
| FY2019 | $259.2M | $24.5M |
| FY2018 | $229.0M | $37.2M |
| FY2017 | $203.3M | $27.6M |
| FY2016 | $148.5M | $451,000 |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,412,011,000 | LRN |
| FY2024 | −$1,372,315,000 | LRN |
| FY2023 | −$1,079,170,000 | LRN |
| FY2022 | −$926,052,000 | LRN |
| FY2021 | −$790,102,000 | LRN |
| FY2020 | −$692,664,000 | LRN |
| FY2019 | −$262,122,000 | LRN |
| FY2018 | −$170,251,000 | LRN |
| FY2017 | +$56,400,000 | LOPE |
| FY2016 | −$15,175,000 | LRN |
| FY2015 | −$94,500,000 | LRN |
| FY2014 | −$257,239,000 | LRN |
| FY2013 | −$321,218,000 | LRN |
| FY2012 | −$336,963,000 | LRN |
| FY2011 | −$281,666,000 | LRN |
| FY2010 | −$136,809,000 | LRN |
| FY2009 | −$122,568,000 | LRN |
The higher-revenue side has changed between LOPE and LRN over this period. The gap has widened since the earliest year compared.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.1 pp | LOPE |
| FY2024 | +9.9 pp | LOPE |
| FY2023 | +11.3 pp | LOPE |
| FY2022 | +13.4 pp | LOPE |
| FY2021 | +22.7 pp | LOPE |
| FY2020 | +25.8 pp | LOPE |
| FY2019 | +30.9 pp | LOPE |
| FY2018 | +23.4 pp | LOPE |
| FY2017 | +17.9 pp | LOPE |
| FY2016 | +17.1 pp | LOPE |
| FY2015 | +15.9 pp | LOPE |
| FY2014 | +15.1 pp | LOPE |
| FY2013 | +12.9 pp | LOPE |
| FY2012 | +10.5 pp | LOPE |
| FY2011 | +9.6 pp | LOPE |
| FY2010 | +6.9 pp | LOPE |
| FY2009 | +5.0 pp | LOPE |
LOPE has kept the higher net margin in every one of these 17 fiscal years.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LOPE's net margin has been more volatile than LRN's over the 17 comparable fiscal years — 6.9 percentage points of standard deviation against 3.8.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LOPE led in net margin in every one of the 17 comparable fiscal years — a structural lead, not a recent swing.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LRN's return on equity has been more volatile than LOPE's over the 17 comparable fiscal years — 6.9 percentage points of standard deviation against 5.6.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LOPE led in return on equity in every one of the 17 comparable fiscal years — a structural lead, not a recent swing.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.