Graham vs Strategic Education
Graham reported revenue of $4.9 billion in fiscal 2025, 3.9 times Strategic Education's $1.3 billion in fiscal 2025. Graham's revenue grew 2.5% in its latest year, and Strategic Education's grew 4.0%. Graham had an operating margin of 4.8%, against 13.7% at Strategic Education. Free cash flow was $275 million at Graham and $154 million at Strategic Education.
Side by side
| Graham | Strategic Education | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $4.9B | $1.3B |
| Revenue growth | 2.5% | 4.0% |
| Revenue growth a year, last 5 years | 11.2% | 4.3% |
| Gross margin | — | — |
| Operating margin | 4.8% | 13.7% |
| Net margin | 6.0% | 10.0% |
| Free cash flow | $275M | $154M |
| Free cash flow margin | 5.6% | 12.1% |
| Return on capital | 3.1% | 8.4% |
| Net debt to EBITDA | 1.8x | −0.7x |
| Dividends and buybacks | $35M | $196M |
| Change in diluted share count | −0.7% | −3.1% |
| Last close | $1,197.20 | $81.19 |
| P/E at the last close | 18.0× | 13.6× |
| Insider trades, last 12 months | — | bought $106,381, sold $5.2 million |
| Piotroski F-score | 5 of 8 | 6 of 8 |
Amounts in each company's own currency, US$ 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
GrahamStrategic Education
Operating margin
Percent of revenue
GrahamStrategic Education
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GrahamStrategic 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 Graham and Strategic Education pages.