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Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Operating margin13.8%+1.3pp13.7%+1.0pp12.6%-1.7pp12.7%-1.0pp12.5%+0.7pp
Net margin10.2%+1.1pp10%+0.7pp9.1%-1.4pp9.3%-0.6pp9.1%+0.4pp
EBITDA margin17.6%+1.5pp17.6%+1.2pp16.3%-1.8pp16.4%-1.5pp16.1%-0.3pp
Free cash flow margin13.7%+4.1pp12.1%+1.6pp10.5%-1.4pp10%-1.7pp9.5%-1.2pp
Returns
Return on equity7.9%+1.1pp7.7%+0.9pp6.8%-0.9pp6.9%-0.3pp6.9%+0.6pp
Return on assets6.2%+0.9pp6.2%+0.8pp5.3%-0.6pp5.4%0.0pp5.3%+0.6pp
Return on invested capital8%+1.3pp7.7%+1.1pp6.8%-0.7pp6.8%-0.2pp6.7%+0.8pp
Efficiency
Asset turnover0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×
Liquidity
Current ratio1.2×-0.1×1.3×-0.1×1.2×-0.1×1.3×-0.3×1.3×-0.2×
Quick ratio1.2×-0.1×1.3×-0.1×1.2×-0.1×1.3×-0.3×1.3×-0.2×
Cash ratio0.6×0.0×0.7×0.0×0.6×-0.2×0.6×-0.4×0.6×-0.3×
Leverage
Debt-to-equity0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Debt-to-assets0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Net debt / EBITDA-0.2×0.0×-0.2×-0.1×-0.2×+0.1×-0.1×+0.1×-0.2×0.0×
Per Share
Book value per share$73.72+8.0%$70.35+2.2%$71.36+0.5%$70.88+2.1%$68.290.0%
Valuation
Market capitalization$1.88B-9.4%$1.88B-17.9%$2.06B-5.2%$2.09B-19.2%$2.07B-15.0%
Enterprise value$1.82B-10.3%$1.84B-18.9%$2.01B-4.2%$2.07B-18.7%$2.03B-15.2%
Price / earnings14.5×-3.9×14.9×-5.5×18×+0.9×18.2×-3.9×18.4×-5.6×
Price / sales1.5×-0.2×1.5×-0.4×1.6×-0.2×1.7×-0.5×1.7×-0.4×
Price / book1.1×-0.1×1.1×-0.2×1.2×0.0×1.3×-0.3×1.3×-0.2×
EV / EBITDA8.2×-2.1×8.3×-3.1×9.8×+0.2×10.2×-1.8×10.2×-2.3×
EV / sales1.4×-0.2×1.5×-0.4×1.6×-0.1×1.7×-0.5×1.6×-0.4×
Free cash flow yield9.3%+3.6pp8.2%+2.6pp6.4%-0.3pp5.9%+0.6pp5.7%+0.5pp
Earnings yield6.9%+1.5pp6.7%+1.8pp5.5%-0.3pp5.5%+1.0pp5.4%+1.3pp
Dividend yield3%+0.2pp3.1%+0.5pp2.8%+0.1pp2.8%+0.5pp2.9%+0.4pp
PEG ratio-0.7×1.2×+0.9×1.7×+1.5×

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Questions, answered.

Where do Strategic Education, Inc.'s ratios come from?
Every ratio is computed from Strategic Education, Inc.'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.