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APEI · Nasdaq · United States · Services-Educational Services
In shortAMERICAN PUBLIC EDUCATION INC is profitable, generates cash and holds more cash than debt, with revenue growing (+3.9% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 7.4% | 41/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 4.9% | 39/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.5% | 53/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.9% | 59/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.46× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.32× | 93/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.20 | 80/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 7.1% | 48/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.46× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 20.0% | 37/100 |
| Operating margin volatility | 13.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.3% | 29/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 419 | 606 | 601 | 625 | 649 |
| Cost of revenue | 173 | 288 | 293 | 296 | 297 |
| Gross profit | 246 | 318 | 308 | 329 | 352 |
| Operating income | 30 | (137) | (48) | 33 | 48 |
| Interest expense | – | 3.9 | – | – | – |
| Pre-tax income | 26 | (151) | (53) | 31 | 44 |
| Income tax | 7.5 | (36) | (11) | 10 | 12 |
| Net income | 18 | (115) | (47) | 16 | 32 |
| Diluted EPS | $0.97 | −$6.08 | −$2.93 | $0.55 | $1.36 |
| Diluted shares (millions) | 18 | 19 | 18 | 18 | 19 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
4.20 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 10, 2026