Duolingo vs Grand Canyon Education
Grand Canyon Education reported revenue of $1.1 billion in fiscal 2025, about the same as Duolingo's $1.0 billion in fiscal 2025. Duolingo's revenue grew 38.7% in its latest year, and Grand Canyon Education's grew 7.1%. Duolingo had an operating margin of 13.1%, against 24.0% at Grand Canyon Education. Free cash flow was $370 million at Duolingo and $239 million at Grand Canyon Education.
Side by side
| Duolingo | Grand Canyon Education | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.0B | $1.1B |
| Revenue growth | 38.7% | 7.1% |
| Revenue growth a year, last 5 years | 45.0% | 5.6% |
| Gross margin | 72.2% | — |
| Operating margin | 13.1% | 24.0% |
| Net margin | 39.9% | 19.5% |
| Free cash flow | $370M | $239M |
| Free cash flow margin | 35.6% | 21.6% |
| Return on capital | 77.6% | 45.3% |
| Net debt to EBITDA | −6.9x | −1.0x |
| Dividends and buybacks | $0M | $265M |
| Change in diluted share count | 2.6% | −4.3% |
| Last close | $138.60 | $160.71 |
| P/E at the last close | 16.4× | 19.5× |
| Insider trades, last 12 months | bought $498,800, sold $47.5 million | sold $99,690 |
| Piotroski F-score | 4 of 9 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
DuolingoGrand Canyon Education
Operating margin
Percent of revenue
DuolingoGrand Canyon Education
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DuolingoGrand Canyon Education
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Duolingo and Grand Canyon Education pages.