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FY'25FY'24FY'23FY'22
Profitability
Gross margin54.2%+1.6pp52.7%+1.4pp51.2%-1.2pp52.4%-6.4pp
Operating margin7.4%+2.1pp5.3%-22.7%-29.9pp
Net margin4.9%+2.5pp2.3%+10.5pp-8.1%+10.8pp-19%-23.2pp
Returns
Return on equity10.5%+5.6pp4.9%+20.1pp-15.2%+14.8pp-30.1%-35.0pp
Return on invested capital11%+4.8pp6.3%+19.1pp-12.8%+16.5pp-29.3%-36.5pp
Efficiency
Asset turnover1.2×+0.1×1.1×+0.1×+0.1×0.9×+0.1×
Liquidity
Current ratio3.5×+0.2×3.3×+0.4×2.9×+0.3×2.6×+0.2×
Leverage
Debt-to-equity0.6×-0.1×0.7×0.0×0.7×+0.1×0.6×0.0×
Net debt / EBITDA-0.2×-1.0×0.8×
Per Share
Book value per share$15.80-5.7%$16.74+4.3%$16.05-13.2%$18.49-18.8%
Valuation
Market capitalization$956.25M+77.9%$382.05M+123%$171.61M-26.1%$232.19M-44.2%
Price / earnings23.7×+0.3×26.1×
Price / sales1.5×+0.6×0.6×+0.3×0.3×-0.1×0.4×-0.6×
Price / book3.1×+1.4×1.3×+0.7×0.6×-0.1×0.7×-0.3×
EV / EBITDA12.1×+2.7×8.1×

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Questions, answered.

What are American Public Education's profit margins?
American Public Education (APEI) runs a 55.0% gross margin and a 8.7% operating margin, with a 6.1% net margin.
Where do American Public Education's ratios come from?
Every ratio is computed from American Public Education's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.