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Grand Canyon Education LOPE State income taxes – net of federal income tax benefit

State income taxes – net of federal income tax benefit at other companies

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Other financials

Income statement

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Revenue$308.8M+6.7%
Operating income$95.5M+8.5%
Net income$75.3M+5.2%
EPS (diluted)$2.80+11.1%

Balance sheet

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Cash & equivalents$96.1M-33.5%
Total debt$104.2M-1.1%
Total equity$696.2M-10.8%
Total assets$967.9M-6.2%

Cash flow

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Operating cash flow$88.2M+30.4%
CapEx$8.1M-9.2%
Free cash flow$80.1M+36.5%

Valuation

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Market cap$3.8B

Profitability

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Operating margin24.3%-2.3pp
Net margin19.5%-2.4pp
FCF margin25.2%

Returns & leverage

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Return on equity29.8%-0.1pp
Debt / equity0.1×0.0×
Current ratio2.7×-0.7×

Where this comes from

Reported directly by Grand Canyon Education in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes.

The official record: Grand Canyon Education’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Grand Canyon Education's state income taxes – net of federal income tax benefit?
Grand Canyon Education (LOPE) reported state income taxes – net of federal income tax benefit of 0.9% in Q4 2025.
How has Grand Canyon Education's state income taxes – net of federal income tax benefit changed year-over-year?
Grand Canyon Education's state income taxes – net of federal income tax benefit decreased by 18.2% year-over-year, from 1.1% to 0.9%.
What does state income taxes – net of federal income tax benefit mean?
The net impact of state and local income taxes on the effective tax rate, adjusted for the federal tax benefit of deducting those state taxes. This provides a clearer picture of the actual cost of state taxation after accounting for federal tax deductibility. It is a useful metric for assessing the true net cost of operating in various tax jurisdictions.