LRN vs STRA
Stride, Inc. and Strategic Education, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
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.
Revenue by year
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 |
Net income by year
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 |