LRN vs STRA
Stride, Inc. and Strategic Education, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LRN | STRA |
|---|---|---|
| Revenue | $2.5B | $1.3B |
| Net income | $338.2M | $126.6M |
| Gross margin | 37.8% | · |
| Net margin | 13.4% | 10.0% |
| Return on equity | 21.7% | 7.7% |
| Diluted EPS | $7.14 | $5.41 |
| Dividend / share | · | $2.40 |
| Payout ratio | · | 45.4% |
| Free cash flow | $433.2M | $153.9M |
| Equity | $1.6B | $1.6B |
| Net debt / equity | −0.21× | · |
| Current ratio | 5.94× | 1.27× |
| Revenue CAGR 5y | 10.4% | 4.3% |
| Profit CAGR 5y | 36.5% | 8.0% |
LRN bills 2.0× the revenue of STRA, and keeps more of each dollar of revenue as profit (13.4% 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 | LRN | STRA |
|---|---|---|
| FY2025 | $2.5B | $1.3B |
| FY2024 | $2.4B | $1.2B |
| FY2023 | $2.0B | $1.1B |
| FY2022 | $1.8B | $1.1B |
| FY2021 | $1.7B | $1.1B |
| FY2020 | $1.5B | $1.0B |
| FY2019 | $1.0B | $997.1M |
| FY2018 | $1.0B | $634.2M |
| FY2017 | $917.7M | $454.9M |
| FY2016 | $888.5M | $441.1M |
Bottom line
| Fiscal year | LRN | STRA |
|---|---|---|
| FY2025 | $338.2M | $126.6M |
| FY2024 | $287.9M | $112.7M |
| FY2023 | $204.2M | $69.8M |
| FY2022 | $126.9M | $46.7M |
| FY2021 | $107.1M | $55.1M |
| FY2020 | $71.5M | $86.3M |
| FY2019 | $24.5M | $81.1M |
| FY2018 | $37.2M | $-15.7M |
| FY2017 | $27.6M | $20.6M |
| FY2016 | $451,000 | $34.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,249,861,000 | LRN |
| FY2024 | +$1,185,387,000 | LRN |
| FY2023 | +$907,145,000 | LRN |
| FY2022 | +$771,878,000 | LRN |
| FY2021 | +$554,980,000 | LRN |
| FY2020 | +$509,107,000 | LRN |
| FY2019 | +$43,628,000 | LRN |
| FY2018 | +$381,567,000 | LRN |
| FY2017 | +$462,883,000 | LRN |
| FY2016 | +$447,431,000 | LRN |
| FY2015 | +$438,263,000 | LRN |
| FY2014 | +$502,253,000 | LRN |
| FY2013 | +$415,953,000 | LRN |
| FY2012 | +$286,241,000 | LRN |
| FY2011 | +$80,973,000 | LRN |
| FY2010 | −$114,298,000 | STRA |
| FY2009 | −$127,491,000 | STRA |
The higher-revenue side has changed between LRN and STRA over this period. The gap has widened 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 | +3.4 pp | LRN |
| FY2024 | +2.7 pp | LRN |
| FY2023 | +3.8 pp | LRN |
| FY2022 | +2.5 pp | LRN |
| FY2021 | +1.5 pp | LRN |
| FY2020 | −3.7 pp | STRA |
| FY2019 | −5.8 pp | STRA |
| FY2018 | +6.1 pp | LRN |
| FY2017 | −1.5 pp | STRA |
| FY2016 | −7.9 pp | STRA |
| FY2015 | −8.2 pp | STRA |
| FY2014 | −9.4 pp | STRA |
| FY2013 | −1.3 pp | STRA |
| FY2012 | −8.6 pp | STRA |
| FY2011 | −14.6 pp | STRA |
| FY2010 | −18.4 pp | STRA |
| FY2009 | −15.1 pp | STRA |
The higher net margin has changed hands between LRN 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
STRA's net margin has been more volatile than LRN's over the 17 comparable fiscal years — 5.8 percentage points of standard deviation against 3.8.
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 LRN and STRA over these 17 fiscal years — LRN led in 6 and STRA in 11.
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 LRN's over the 17 comparable fiscal years — 42.5 percentage points of standard deviation against 6.9.
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 LRN and STRA over these 17 fiscal years — LRN led in 7 and STRA in 10.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.