Adtalem Global Ed Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Adtalem Global Ed Inc has an operating margin of 19.1%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 96/100, reflecting efficient cost management and pricing power. This is up from 13.7% the prior year.
Adtalem Global Ed Inc's revenue grew 12.9% year-over-year to $1.8B, a solid pace of expansion. This earns a growth score of 65/100.
Adtalem Global Ed Inc carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
Adtalem Global Ed Inc's current ratio of 0.82 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 13/100, which could limit financial flexibility.
Adtalem Global Ed Inc converts 16.1% of revenue into free cash flow ($287.6M). This strong cash generation earns a score of 80/100.
Adtalem Global Ed Inc earns a strong 16.5% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is up from 10.0% the prior year.
Adtalem Global Ed Inc scores 3.93, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Adtalem Global Ed Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Adtalem Global Ed Inc generates $1.43 in operating cash flow ($337.9M OCF vs $237.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Adtalem Global Ed Inc earns $6.5 in operating income for every $1 of interest expense ($341.5M vs $52.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Adtalem Global Ed Inc (ATGE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Adtalem Global Ed Inc generated $1.8B in revenue in fiscal year 2025. This represents an increase of 12.9% from the prior year.
Adtalem Global Ed Inc's EBITDA was $393.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.6% from the prior year.
Adtalem Global Ed Inc generated $287.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 16.5% from the prior year.
Adtalem Global Ed Inc reported $237.1M in net income in fiscal year 2025. This represents an increase of 73.3% from the prior year.
Adtalem Global Ed Inc earned $6.18 per diluted share (EPS) in fiscal year 2025. This represents an increase of 82.3% from the prior year.
Adtalem Global Ed Inc held $199.6M in cash against $552.7M in long-term debt as of fiscal year 2025.
Adtalem Global Ed Inc had 36M shares outstanding in fiscal year 2025. This represents a decrease of 4.6% from the prior year.
Adtalem Global Ed Inc's gross margin was 56.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.
Adtalem Global Ed Inc's operating margin was 19.1% in fiscal year 2025, reflecting core business profitability. This is up 5.4 percentage points from the prior year.
Adtalem Global Ed Inc's net profit margin was 13.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.6 percentage points from the prior year.
Adtalem Global Ed Inc's ROE was 16.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 6.5 percentage points from the prior year.
Adtalem Global Ed Inc spent $213.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 18.6% from the prior year.
Adtalem Global Ed Inc invested $50.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.9% from the prior year.
ATGE Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $503.4M+8.9% | $462.3M-0.8% | $466.1M+4.1% | $447.7M+7.3% | $417.4M+1.1% | $412.7M+4.9% | $393.2M+6.6% | $368.8M |
| Cost of Revenue | $205.4M+2.3% | $200.8M+0.4% | $199.9M+7.1% | $186.6M+0.3% | $186.0M+6.1% | $175.3M+1.9% | $172.1M+2.0% | $168.6M |
| Gross Profit | $298.0M+13.9% | $261.5M-1.8% | $266.2M+2.0% | $261.1M+12.8% | $231.4M-2.5% | $237.3M+7.3% | $221.2M+10.5% | $200.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $182.8M+4.0% | $175.7M+0.3% | $175.2M+11.6% | $156.9M-1.4% | $159.1M+1.5% | $156.7M+0.7% | $155.6M-6.3% | $166.1M |
| Operating Income | $111.1M+30.0% | $85.5M-5.6% | $90.5M-12.9% | $103.9M+47.9% | $70.2M+13.8% | $61.7M+5.3% | $58.6M+107.9% | $28.2M |
| Interest Expense | $10.9M-1.6% | $11.1M-15.2% | $13.1M-6.0% | $13.9M-4.0% | $14.5M-12.5% | $16.6M-0.8% | $16.7M+6.6% | $15.7M |
| Income Tax | $25.7M+62.7% | $15.8M-14.7% | $18.5M-11.8% | $21.0M+72.9% | $12.2M+14.7% | $10.6M+36.4% | $7.8M+178.3% | $2.8M |
| Net Income | $76.4M+23.5% | $61.8M+1.6% | $60.8M-19.8% | $75.9M+64.3% | $46.2M+25.4% | $36.8M-7.7% | $39.9M+274.7% | $10.6M |
| EPS (Diluted) | $2.11+26.3% | $1.67+5.0% | $1.59-19.7% | $1.98+67.8% | $1.18+26.9% | $0.93-5.1% | $0.98+292.0% | $0.25 |
ATGE Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B-8.8% | $2.9B+2.8% | $2.8B+2.5% | $2.7B-3.4% | $2.8B+3.8% | $2.7B+0.5% | $2.7B-3.3% | $2.8B |
| Current Assets | $303.0M-46.6% | $567.2M+26.0% | $450.3M+10.6% | $407.1M-21.2% | $516.9M+31.9% | $391.8M+2.8% | $381.1M-19.8% | $475.0M |
| Cash & Equivalents | $56.3M-78.7% | $264.7M+20.9% | $219.0M+12.9% | $194.0M-26.8% | $264.8M+47.3% | $179.8M-1.7% | $182.9M-29.9% | $260.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $160.2M-16.6% | $192.1M+19.8% | $160.4M+11.1% | $144.4M-14.5% | $168.9M+22.2% | $138.2M+5.4% | $131.1M-9.7% | $145.2M |
| Goodwill | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M |
| Total Liabilities | $1.2B-12.3% | $1.4B+3.9% | $1.4B+5.7% | $1.3B-10.1% | $1.4B+2.4% | $1.4B+4.7% | $1.3B-5.9% | $1.4B |
| Current Liabilities | $442.9M-23.2% | $576.6M+6.7% | $540.6M+40.6% | $384.6M-30.2% | $551.3M+8.3% | $509.1M+27.7% | $398.6M-19.6% | $495.6M |
| Long-Term Debt | $504.3M-8.8% | $553.2M+0.2% | $552.2M-15.0% | $649.9M+0.1% | $649.3M+0.2% | $648.1M-6.9% | $696.4M+0.1% | $695.7M |
| Total Equity | $1.4B-5.4% | $1.5B+1.7% | $1.4B-0.4% | $1.4B+3.5% | $1.4B+5.2% | $1.3B-3.5% | $1.4B-0.7% | $1.4B |
| Retained Earnings | $2.9B+2.7% | $2.8B+4.3% | $2.7B+2.3% | $2.7B+2.9% | $2.6B+3.8% | $2.5B+1.5% | $2.5B+1.7% | $2.4B |
ATGE Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.7M-77.2% | $130.5M-37.2% | $207.9M+1193.2% | -$19.0M-121.3% | $89.3M-41.9% | $153.6M+1263.5% | -$13.2M-113.9% | $95.1M |
| Capital Expenditures | $14.6M-8.7% | $16.0M+56.4% | $10.2M-4.1% | $10.7M+2.6% | $10.4M-18.0% | $12.7M+38.4% | $9.2M-12.0% | $10.4M |
| Free Cash Flow | $15.1M-86.8% | $114.5M-42.1% | $197.7M+765.6% | -$29.7M-137.6% | $78.9M-44.0% | $140.9M+729.7% | -$22.4M-126.4% | $84.6M |
| Investing Cash Flow | -$19.6M-22.5% | -$16.0M-59.4% | -$10.0M+5.9% | -$10.7M-12.0% | -$9.5M+24.9% | -$12.7M-38.8% | -$9.2M+11.5% | -$10.3M |
| Financing Cash Flow | -$217.7M-339.7% | -$49.5M+71.2% | -$172.1M-312.2% | -$41.8M-22.4% | -$34.1M+75.6% | -$139.7M-149.5% | -$56.0M+41.3% | -$95.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $164.8M+2069.4% | $7.6M-89.5% | $72.4M+77.0% | $40.9M+23.2% | $33.2M-63.1% | $89.9M+28.3% | $70.1M-22.6% | $90.5M |
ATGE Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.2%+2.6pp | 56.6%-0.5pp | 57.1%-1.2pp | 58.3%+2.9pp | 55.4%-2.1pp | 57.5%+1.3pp | 56.2%+2.0pp | 54.3% |
| Operating Margin | 22.1%+3.6pp | 18.5%-0.9pp | 19.4%-3.8pp | 23.2%+6.4pp | 16.8%+1.9pp | 15.0%+0.1pp | 14.9%+7.3pp | 7.6% |
| Net Margin | 15.2%+1.8pp | 13.4%+0.3pp | 13.1%-3.9pp | 16.9%+5.9pp | 11.1%+2.1pp | 8.9%-1.2pp | 10.1%+7.3pp | 2.9% |
| Return on Equity | 5.5%+1.3pp | 4.2%-0.0pp | 4.3%-1.0pp | 5.3%+1.9pp | 3.3%+0.5pp | 2.8%-0.1pp | 2.9%+2.1pp | 0.8% |
| Return on Assets | 2.9%+0.8pp | 2.2%-0.0pp | 2.2%-0.6pp | 2.8%+1.1pp | 1.6%+0.3pp | 1.4%-0.1pp | 1.5%+1.1pp | 0.4% |
| Current Ratio | 0.68-0.3 | 0.98+0.2 | 0.83-0.2 | 1.06+0.1 | 0.94+0.2 | 0.77-0.2 | 0.960.0 | 0.96 |
| Debt-to-Equity | 0.37-0.0 | 0.380.0 | 0.39-0.1 | 0.45-0.0 | 0.47-0.0 | 0.49-0.0 | 0.510.0 | 0.50 |
| FCF Margin | 3.0%-21.8pp | 24.8%-17.6pp | 42.4%+49.0pp | -6.6%-25.5pp | 18.9%-15.3pp | 34.2%+39.8pp | -5.7%-28.6pp | 22.9% |
Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Adtalem Global Ed Inc's annual revenue?
Adtalem Global Ed Inc (ATGE) reported $1.8B in total revenue for fiscal year 2025. This represents a 12.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Adtalem Global Ed Inc's revenue growing?
Adtalem Global Ed Inc (ATGE) revenue grew by 12.9% year-over-year, from $1.6B to $1.8B in fiscal year 2025.
Is Adtalem Global Ed Inc profitable?
Yes, Adtalem Global Ed Inc (ATGE) reported a net income of $237.1M in fiscal year 2025, with a net profit margin of 13.3%.
What is Adtalem Global Ed Inc's earnings per share (EPS)?
Adtalem Global Ed Inc (ATGE) reported diluted earnings per share of $6.18 for fiscal year 2025. This represents a 82.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Adtalem Global Ed Inc's EBITDA?
Adtalem Global Ed Inc (ATGE) had EBITDA of $393.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Adtalem Global Ed Inc have?
As of fiscal year 2025, Adtalem Global Ed Inc (ATGE) had $199.6M in cash and equivalents against $552.7M in long-term debt.
What is Adtalem Global Ed Inc's gross margin?
Adtalem Global Ed Inc (ATGE) had a gross margin of 56.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Adtalem Global Ed Inc's operating margin?
Adtalem Global Ed Inc (ATGE) had an operating margin of 19.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Adtalem Global Ed Inc's net profit margin?
Adtalem Global Ed Inc (ATGE) had a net profit margin of 13.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Adtalem Global Ed Inc's return on equity (ROE)?
Adtalem Global Ed Inc (ATGE) has a return on equity of 16.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Adtalem Global Ed Inc's free cash flow?
Adtalem Global Ed Inc (ATGE) generated $287.6M in free cash flow during fiscal year 2025. This represents a 16.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Adtalem Global Ed Inc's operating cash flow?
Adtalem Global Ed Inc (ATGE) generated $337.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Adtalem Global Ed Inc's total assets?
Adtalem Global Ed Inc (ATGE) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Adtalem Global Ed Inc's capital expenditures?
Adtalem Global Ed Inc (ATGE) invested $50.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Adtalem Global Ed Inc buy back shares?
Yes, Adtalem Global Ed Inc (ATGE) spent $213.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Adtalem Global Ed Inc have outstanding?
Adtalem Global Ed Inc (ATGE) had 36M shares outstanding as of fiscal year 2025.
What is Adtalem Global Ed Inc's current ratio?
Adtalem Global Ed Inc (ATGE) had a current ratio of 0.82 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Adtalem Global Ed Inc's debt-to-equity ratio?
Adtalem Global Ed Inc (ATGE) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Adtalem Global Ed Inc's return on assets (ROA)?
Adtalem Global Ed Inc (ATGE) had a return on assets of 8.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Adtalem Global Ed Inc's Altman Z-Score?
Adtalem Global Ed Inc (ATGE) has an Altman Z-Score of 3.93, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Adtalem Global Ed Inc's Piotroski F-Score?
Adtalem Global Ed Inc (ATGE) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Adtalem Global Ed Inc's earnings high quality?
Adtalem Global Ed Inc (ATGE) has an earnings quality ratio of 1.43x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Adtalem Global Ed Inc cover its interest payments?
Adtalem Global Ed Inc (ATGE) has an interest coverage ratio of 6.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Adtalem Global Ed Inc?
Adtalem Global Ed Inc (ATGE) scores 69 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.