What is American Public Education's market cap?

American Public Education (APEI) has a market capitalization of $906.9M and trades on NASDAQ.

What is American Public Education's revenue and profitability?

American Public Education generated $659.0M in trailing twelve-month revenue with net income of $40.4M, representing a net margin of 6.1%. Gross margin stands at 55.0%, with free cash flow of $122.5M. These figures are based on the Q1 2026 filing.

Who are American Public Education's competitors?

American Public Education's key competitors include Grand Canyon Education, Inc., Strategic Education, Inc., Perdoceo Education Corporation. These companies compete in similar markets and product categories.

What subsidiaries does American Public Education have?

American Public Education's subsidiaries include American Public University System, Rasmussen University, Hondros College of Nursing.

Where is American Public Education headquartered?

American Public Education is headquartered in United States of America and employs approximately 6,037 people. It has been publicly traded since 2007.

American Public Education

APEI

American Public Education, Inc. (APEI) is a provider of online and campus-based postsecondary education, primarily serving service-minded students and adult learners.

Market cap

$906.9M+74.1%

Revenue$659.0M+3.8%

Net income$40.4M+75.4%

Free cash flow$122.5M+315%

EPS (diluted)$1.89+85.3%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 11, 2026

Revenue$174.7MBeat by $1.0M EPS$0.94Beat by $0.33

Read the full report

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$170.9M

EPS estimate$0.36

Financials

Q1 2026

Income statement

See full

Revenue$174.7M+6.2%

Gross profit$100.1M+11.7%

Operating income$21.6M+76.7%

Net income$17.7M+99.4%

EPS (diluted)$0.94+129%

Balance sheet

See full

Cash & equivalents$221.0M+17.9%

Total debt$153.5M-22.8%

Total equity$306.2M-1.2%

Total assets$537.9M-7.0%

Cash flow

See full

Operating cash flow$63.3M+71.1%

CapEx$2.5M-35.2%

Free cash flow$60.8M+83.6%

Valuation & ratios

Valuation

See full

Market cap$906.9M+74.1%

Enterprise value$839.36M+57.9%

P/E22.5×+3.6×

P/S1.4×+0.6×

Profitability

See full

Gross margin55%+2.0pp

Operating margin8.7%+2.4pp

Net margin6.1%+2.5pp

Returns & leverage

See full

Return on equity13.1%+5.4pp

Debt / equity0.5×-0.1×

Current ratio3×-0.3×

Segments

By product

See full

Instructional services, net of grants and scholarships$158.9M+5.7%

Textbook and other course materials$12.2M+3.5%

Other fees$2.5M+94.5%

Graduation fees$1.1M+2.4%

By segment

See full

Military+ Segment$89.4M—

Health+$85.4M—

Competitors

By market cap

Grand Canyon Education$3.8B—

PRD

Perdoceo Education$2.0B+6.9%

Strategic Education, Inc.$1.8B-6.8%

American Public Education$906.9M+77.0%

By revenue growth

PRD

Perdoceo Education+17.8%

Grand Canyon Education+7.4%

American Public Education+3.8%

Strategic Education, Inc.+3.5%

By net margin

PRD

Perdoceo Education19.91%-1.0pp

Grand Canyon Education19.54%-2.4pp

Strategic Education, Inc.10.46%+1.2pp

American Public Education6.13%+2.5pp

Profile

American Public Education, Inc. (APEI) is a provider of online and campus-based postsecondary education, primarily serving service-minded students and adult learners. The company offers a diverse range of degree and certificate programs through its subsidiary institutions, with a significant focus on the military community and nursing education. Its value proposition centers on providing affordable, flexible, and career-oriented education designed to advance students in their professional fields.

Competitive position

APEI is a leading educator of active-duty military and veterans and a national leader in pre-licensure nursing education.

GeographiesUnited States

Customer segmentsMilitary Personnel, Healthcare Professionals, Working Adults

Business modelOnline Education, Campus-based Education, For-profit Education

SuppliersAccrediting agencies, Department of Education, Department of Defense, Faculty and academic staff, Technology infrastructure providers

CustomersMilitary service members, Healthcare employers, Public service agencies, Private sector corporations

CountryUnited States of America

Listed2007

Employees6.0K

CEOAngela K. Selden

SectorConsumer Defensive

IndustryEducation & Training Services

Websiteapei.com

FilingsSEC EDGAR

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Questions, answered.

What is American Public Education's market cap?: American Public Education (APEI) has a market capitalization of $906.9M and trades on NASDAQ.
What is American Public Education's revenue and profitability?: American Public Education generated $659.0M in trailing twelve-month revenue with net income of $40.4M, representing a net margin of 6.1%. Gross margin stands at 55.0%, with free cash flow of $122.5M. These figures are based on the Q1 2026 filing.
Who are American Public Education's competitors?: American Public Education's key competitors include Grand Canyon Education, Inc., Strategic Education, Inc., Perdoceo Education Corporation. These companies compete in similar markets and product categories.
What subsidiaries does American Public Education have?: American Public Education's subsidiaries include American Public University System, Rasmussen University, Hondros College of Nursing.
Where is American Public Education headquartered?: American Public Education is headquartered in United States of America and employs approximately 6,037 people. It has been publicly traded since 2007.