LOPE vs STRA
Grand Canyon Education, Inc. and Strategic Education, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LOPE | STRA |
|---|---|---|
| Revenue | $1.1B | $1.3B |
| Net income | $216.2M | $126.6M |
| Gross margin | · | · |
| Net margin | 19.5% | 10.0% |
| Return on equity | 28.2% | 7.7% |
| Diluted EPS | $7.71 | $5.41 |
| Dividend / share | · | $2.40 |
| Payout ratio | · | 45.4% |
| Free cash flow | $238.6M | $153.9M |
| Equity | $746.9M | $1.6B |
| Net debt / equity | · | · |
| Current ratio | 3.65× | 1.27× |
| Revenue CAGR 5y | 5.6% | 4.3% |
| Profit CAGR 5y | −3.4% | 8.0% |
LOPE and STRA book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (19.5% against 10.0%).
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 | STRA |
|---|---|---|
| FY2025 | $1.1B | $1.3B |
| FY2024 | $1.0B | $1.2B |
| FY2023 | $960.9M | $1.1B |
| FY2022 | $911.3M | $1.1B |
| FY2021 | $896.6M | $1.1B |
| FY2020 | $844.1M | $1.0B |
| FY2019 | $778.6M | $997.1M |
| FY2018 | $845.5M | $634.2M |
| FY2017 | $974.1M | $454.9M |
| FY2016 | $873.3M | $441.1M |
Bottom line
| Fiscal year | LOPE | STRA |
|---|---|---|
| FY2025 | $216.2M | $126.6M |
| FY2024 | $226.2M | $112.7M |
| FY2023 | $205.0M | $69.8M |
| FY2022 | $184.7M | $46.7M |
| FY2021 | $260.3M | $55.1M |
| FY2020 | $257.2M | $86.3M |
| FY2019 | $259.2M | $81.1M |
| FY2018 | $229.0M | $-15.7M |
| FY2017 | $203.3M | $20.6M |
| FY2016 | $148.5M | $34.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$162,150,000 | STRA |
| FY2024 | −$186,928,000 | STRA |
| FY2023 | −$172,025,000 | STRA |
| FY2022 | −$154,174,000 | STRA |
| FY2021 | −$235,122,000 | STRA |
| FY2020 | −$183,557,000 | STRA |
| FY2019 | −$218,494,000 | STRA |
| FY2018 | +$211,316,000 | LOPE |
| FY2017 | +$519,283,000 | LOPE |
| FY2016 | +$432,256,000 | LOPE |
| FY2015 | +$343,763,000 | LOPE |
| FY2014 | +$245,014,000 | LOPE |
| FY2013 | +$94,735,000 | LOPE |
| FY2012 | −$50,722,000 | STRA |
| FY2011 | −$200,693,000 | STRA |
| FY2010 | −$251,107,000 | STRA |
| FY2009 | −$250,059,000 | STRA |
The higher-revenue side has changed between LOPE and STRA over this period. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +9.6 pp | LOPE |
| FY2024 | +12.7 pp | LOPE |
| FY2023 | +15.2 pp | LOPE |
| FY2022 | +15.9 pp | LOPE |
| FY2021 | +24.2 pp | LOPE |
| FY2020 | +22.1 pp | LOPE |
| FY2019 | +25.1 pp | LOPE |
| FY2018 | +29.6 pp | LOPE |
| FY2017 | +16.3 pp | LOPE |
| FY2016 | +9.1 pp | LOPE |
| FY2015 | +7.7 pp | LOPE |
| FY2014 | +5.7 pp | LOPE |
| FY2013 | +11.6 pp | LOPE |
| FY2012 | +1.9 pp | LOPE |
| FY2011 | −5.1 pp | STRA |
| FY2010 | −11.5 pp | STRA |
| FY2009 | −10.1 pp | STRA |
The higher net margin has changed hands between LOPE and STRA over this period.
17 of 18 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 STRA's over the 17 comparable fiscal years — 6.9 percentage points of standard deviation against 5.8.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LOPE and STRA over these 17 fiscal years — LOPE led in 14 and STRA in 3.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
STRA's return on equity has been more volatile than LOPE's over the 17 comparable fiscal years — 42.5 percentage points of standard deviation against 5.6.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LOPE and STRA over these 17 fiscal years — LOPE led in 10 and STRA in 7.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.