What is Adtalem Global Education Inc.'s earnings per share (EPS)?

Adtalem Global Education 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.

Adtalem Global Education (ATGE) Financials

ATGE NYSE

Trailing 12 months to March 31, 2026

Revenue $1.9B +9.7% YoY

Net Income $234.1M +0.8% YoY

EPS (Diluted) $6.18 FY2025 annual

Free Cash Flow $336.3M +15.7% YoY

Source SEC Filings Latest period Q3 FY2026, ended Mar 31, 2026 Reported May 7, 2026 Currency USD FYE June

Newest figures come from the 10-Q for Q3 FY2026, filed May 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ATGE SEC filings page.

Adtalem Global Education Inc. (ATGE) reported $1.9B in revenue over the twelve months to Mar 31, 2026, up 9.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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.

Rhea AI ATGE FY2025 2026-10-24

The business is turning growth into outsized operating profit, while debt declines and cash generation remains connected to earnings.

From FY2023 to FY2025, revenue rose 23.3% while operating income rose 103.1%, showing that recent growth is dropping through to profit rather than merely preserving scale. In FY2025, net income of $237M became $338M of operating cash flow, while free cash flow remained positive; cash conversion supports the earnings story, although cash growth trailed profit growth across the comparison.

Gross margin reached 56.9%, while operating margin reached 19.1% in FY2025, so the larger improvement occurred after gross profit. SG&A grew 6.2% against revenue growth of 12.9%, pointing to overhead growing more slowly than sales; fixed-cost absorption appears to be a key contributor.

The capital structure is steadily less debt-heavy: long-term debt fell 14.8% in FY2025 and debt-to-equity was 0.4x. Yet short-term liquidity is tighter: the current ratio was 0.8x, indicating current liabilities exceeded current assets.

Financial Health Signals

Financial Health Score 58/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Adtalem Global Education Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Adtalem Global Education 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 72/100, reflecting efficient cost management and pricing power. This is up from 13.7% the prior year.

Growth

Adtalem Global Education Inc.'s revenue grew 12.9% year-over-year to $1.8B, a solid pace of expansion. This earns a growth score of 67/100.

Leverage

Adtalem Global Education Inc. has a moderate D/E ratio of 0.39. This balance of debt and equity financing earns a leverage score of 49/100.

Liquidity

Adtalem Global Education Inc.'s current ratio of 0.82 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Adtalem Global Education Inc. converts 16.1% of revenue into free cash flow ($287.6M). This strong cash generation earns a score of 78/100.

Returns

Adtalem Global Education 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 67/100. This is up from 10.0% the prior year.

Piotroski F-Score Strong

8/9

Adtalem Global Education 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.

Earnings Quality Cash-Backed

1.43x

For every $1 of reported earnings, Adtalem Global Education 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.

Interest Coverage Safe

6.53x

Adtalem Global Education Inc. earns $6.53 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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$487.0M

YoY+4.5%

QoQ-3.2%

5Y CAGR+16.2%

10Y CAGR+0.3%

Adtalem Global Education Inc. generated $487.0M in revenue in Q3 2026. This represents an increase of 4.5% from the same quarter a year earlier. Against the prior quarter it is down 3.2%.

EBITDA

$105.5M

YoY+1.9%

QoQ-15.5%

Adtalem Global Education Inc.'s EBITDA was $105.5M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.9% from the same quarter a year earlier. Against the prior quarter it is down 15.5%.

Net Income

$41.6M

YoY-31.6%

QoQ-45.5%

5Y CAGR+11.1%

10Y CAGR-2.2%

Adtalem Global Education Inc. reported $41.6M in net income in Q3 2026. This represents a decrease of 31.6% from the same quarter a year earlier. Against the prior quarter it is down 45.5%.

EPS (Diluted)

$1.20

YoY-24.5%

QoQ-43.1%

Adtalem Global Education Inc. earned $1.20 per diluted share (EPS) in Q3 2026. This represents a decrease of 24.5% from the same quarter a year earlier. Against the prior quarter it is down 43.1%.

Cash & Balance Sheet

Free Cash Flow

$165.9M

YoY-16.1%

QoQ+997.4%

5Y CAGR+18.2%

10Y CAGR+2.2%

Adtalem Global Education Inc. generated $165.9M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 16.1% from the same quarter a year earlier. Against the prior quarter it is up 997.4%.

Cash & Debt

$147.0M

YoY-32.9%

QoQ+161.1%

5Y CAGR-20.5%

10Y CAGR-7.8%

Adtalem Global Education Inc. held $147.0M in cash against $495.6M in long-term debt as of Q3 2026.

Shares Outstanding

34M

YoY-5.3%

QoQ-1.4%

5Y CAGR-7.2%

Adtalem Global Education Inc. had 34M shares outstanding in Q3 2026. This represents a decrease of 5.3% from the same quarter a year earlier. Against the prior quarter it is down 1.4%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

56.7%

YoY-0.4pp

QoQ-2.5pp

Adtalem Global Education Inc.'s gross margin was 56.7% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.

Operating Margin

18.8%

YoY-0.7pp

QoQ-3.3pp

5Y change+3.1pp

Adtalem Global Education Inc.'s operating margin was 18.8% in Q3 2026, reflecting core business profitability. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.

Net Margin

8.6%

YoY-4.5pp

QoQ-6.6pp

5Y change-2.2pp

10Y change-2.4pp

Adtalem Global Education Inc.'s net profit margin was 8.6% in Q3 2026, showing the share of revenue converted to profit. This is down 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.6 percentage points.

Return on Equity

3.0%

YoY-1.2pp

QoQ-2.5pp

5Y change+1.2pp

10Y change-0.3pp

Adtalem Global Education Inc.'s quarterly ROE was 3.0% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.

Capital Allocation

Share Buybacks

$67.5M

YoY-6.7%

QoQ-59.0%

Adtalem Global Education Inc. spent $67.5M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 6.7% from the same quarter a year earlier. Against the prior quarter it is down 59.0%.

Capital Expenditures

$20.2M

YoY+97.5%

QoQ+38.4%

5Y CAGR+17.9%

Adtalem Global Education Inc. invested $20.2M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 97.5% from the same quarter a year earlier. Against the prior quarter it is up 38.4%.

R&D Spending

Not reported for Q3 2026.

ATGE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ATGE quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$1.9B	$1.8B+12.9%	$1.6B+9.2%	$1.5B+5.0%	$1.4B+53.7%	$899.2M+3.8%	$866.4M-14.5%	$1.0B+5.6%	$960.3M-20.5%	$1.2B+11.8%	$1.1B-43.4%	$1.9B+309.9%	$465.9M+12.2%	$415.4M+18.5%	$350.5M+30.3%	$269.0M
Cost of Revenue	$815.8M	$771.4M+10.4%	$698.5M+7.7%	$648.5M-1.7%	$659.8M+44.1%	$457.9M+0.2%	$457.2M-3.1%	$471.8M+2.2%	$461.6M-27.7%	$638.2M+12.2%	$569.0M-43.1%	$1.0B+1.7%	$983.4M+2.2%	$962.2M+0.1%	$960.8M+5.1%	$914.4M
Gross Profit	$1.1B	$1.0B+14.8%	$886.1M+10.4%	$802.3M+11.1%	$722.1M+63.6%	$441.3M+7.8%	$409.3M-24.5%	$542.1M+8.7%	$498.7M-12.5%	$569.7M+11.5%	$511.1M-43.8%	$909.9Mn/m	-$517.5Mn/m	-$546.8Mn/m	-$610.3Mn/m	-$645.3M
SG&A Expenses	$723.5M	$672.0M+6.2%	$633.0M+8.0%	$586.0M+3.4%	$566.5M+93.7%	$292.5M+4.3%	$280.3M-22.0%	$359.3M+9.7%	$327.7M-11.2%	$369.0M+4.6%	$352.6M-50.2%	$708.3M-2.7%	$727.9M-3.8%	$756.4M-4.2%	$789.9M+6.1%	$744.4M
Operating Income	$364.9M	$341.5M+57.4%	$217.1M+29.1%	$168.2M+119.1%	$76.7M-30.5%	$110.4M+0.3%	$110.1M-29.4%	$155.8M	N/A	N/A	N/A	$156.9M-13.4%	$181.3M+8.6%	$166.9M-30.1%	$238.9M-52.4%	$501.5M
EBITDA	N/A	$393.5M+34.6%	$292.4M+8.0%	$270.8M+23.9%	$218.6M+51.5%	$144.3M+1.4%	$142.3M-27.6%	$196.5M	N/A	N/A	N/A	$246.0M-9.0%	$270.4M+4.2%	$259.5M-19.8%	$323.4M-42.5%	$562.7M
Interest Expense	$46.5M	$52.3M-17.8%	$63.7M+0.9%	$63.1M-51.2%	$129.3M+212.7%	$41.4M+112.0%	$19.5M-1.9%	$19.9M+71.8%	$11.6M+26.7%	$9.1M+54.1%	$5.9M+11.7%	$5.3M+46.3%	$3.6M+0.6%	$3.6M+38.2%	$2.6M+103.7%	$1.3M
Income Tax	$75.6M	$65.8M+151.1%	$26.2M+155.0%	$10.3Mn/m	-$15.5M-226.1%	$12.3Mn/m	-$14.9M-145.4%	$32.9M-62.7%	$88.1M+818.4%	$9.6M-62.1%	$25.3M+36.6%	$18.5M-33.1%	$27.7M-29.4%	$39.2M-44.7%	$70.9M-57.4%	$166.5M
Net Income	$234.1M	$237.1M+73.3%	$136.8M+46.5%	$93.4M-70.0%	$311.0M+344.1%	$70.0Mn/m	-$85.3M-189.7%	$95.2M+181.8%	$33.8M-72.4%	$122.3Mn/m	-$3.2M-102.3%	$139.9M+4.4%	$134.0M+25.5%	$106.8M-24.6%	$141.6M-57.2%	$330.4M
EPS (Basic)	N/A	$6.39+84.1%	$3.47+66.8%	$2.08-67.7%	$6.43+372.8%	$1.36n/m	-$1.59-197.5%	$1.63+196.4%	$0.55-71.5%	$1.93n/m	-$0.05-102.3%	$2.17+3.8%	$2.09	$1.66-21.3%	$2.11-55.4%	$4.73
EPS (Diluted)	—	$6.18+82.3%	$3.39+65.4%	$2.05-68.1%	$6.43+372.8%	$1.36n/m	-$1.58-198.8%	$1.60+196.3%	$0.54-71.7%	$1.91n/m	-$0.05-102.3%	$2.14+3.4%	$2.07	$1.65-21.1%	$2.09-55.3%	$4.68
Diluted Shares (Avg)	N/A	38M-4.9%	40M-11.6%	46M-5.8%	48M-6.3%	52M-4.5%	54M-8.8%	59M-4.7%	62M-2.7%	64M-0.5%	64M-1.4%	65M+0.7%	65M	64,611-4.6%	67,705-4.1%	70,620

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'24
Revenue	$487.0M+4.5%	$503.4M+12.4%	$462.3M+10.8%	$457.1M+11.5%	$466.1M+12.9%	$447.7M+13.9%	$417.4M+13.2%	$409.9M+12.4%
Cost of Revenue	$210.7M+5.4%	$205.4M+10.1%	$200.8M+7.9%	$198.9M+9.0%	$199.9M+14.0%	$186.6M+8.5%	$186.0M+10.3%	$182.5M+11.5%
Gross Profit	$276.3M+3.8%	$298.0M+14.1%	$261.5M+13.0%	$258.2M+13.6%	$266.2M+12.2%	$261.1M+18.0%	$231.4M+15.6%	$227.4M+13.2%
SG&A Expenses	$184.1M+5.1%	$182.8M+16.5%	$175.7M+10.5%	$180.9M+17.0%	$175.2M+11.8%	$156.9M+0.8%	$159.1M-4.2%	$154.6M+0.8%
Operating Income	$91.3M+0.9%	$111.1M+7.0%	$85.5M+21.7%	$76.9M+12.3%	$90.5M+46.6%	$103.9M+77.2%	$70.2M+149.1%	$68.5M+73.2%
EBITDA	$105.5M+1.9%	$124.9M+6.9%	$98.6M+19.0%	$90.2M+5.2%	$103.6M+28.7%	$116.9M+49.8%	$82.8M+71.8%	$85.7M+39.0%
Interest Expense	$13.6M+4.2%	$10.9M-21.5%	$11.1M-23.4%	$10.9M-26.4%	$13.1M-21.1%	$13.9M-16.7%	$14.5M-7.5%	$14.7M-3.6%
Income Tax	$20.0M+7.7%	$25.7M+22.4%	$15.8M+30.1%	$14.1M+178.6%	$18.5M+75.0%	$21.0M+170.6%	$12.2M+335.4%	$5.1M+15.8%
Net Income	$41.6M-31.6%	$76.4M+0.7%	$61.8M+33.9%	$54.2M+9.7%	$60.8M+65.2%	$75.9M+90.2%	$46.2M+333.6%	$49.4M+122.2%
EPS (Basic)	$1.21-26.2%	$2.14+5.4%	$1.71+40.2%	N/A	$1.64+72.6%	$2.03+103.0%	$1.22+369.2%	N/A
EPS (Diluted)	$1.20-24.5%	$2.11+6.6%	$1.67+41.5%	N/A	$1.59+71.0%	$1.98+102.0%	$1.18+372.0%	N/A
Diluted Shares (Avg)	35M-9.0%	36M-5.7%	37M-5.2%	N/A	38M-3.5%	38M-5.8%	39M-7.3%	N/A

Not reported in any period shown, so not listed: R&D Expenses.

ATGE Balance Sheet

ATGE quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$2.8B+0.4%	$2.7B-2.5%	$2.8B-7.3%	$3.0B-1.8%	$3.1B+36.6%	$2.3B+0.7%	$2.2B-4.4%	$2.3B+1.3%	$2.3B+10.4%	$2.1B+2.8%	$2.0B+2.1%	$2.0B+7.6%	$1.9B+0.8%	$1.8B-0.4%	$1.9B
Current Assets	$416.2M-0.5%	$418.1M-13.0%	$480.3M-13.8%	$557.1M-63.2%	$1.5B+118.7%	$692.8M+37.3%	$504.7M-26.6%	$688.0M+46.0%	$471.2M-9.1%	$518.1M-7.4%	$559.6M-3.0%	$577.1M+30.5%	$442.2M+9.3%	$404.4M-35.3%	$624.6M
Cash & Equivalents	$199.6M-9.0%	$219.3M-19.4%	$272.2M-21.6%	$347.0M-27.2%	$476.4M-4.8%	$500.5M+145.1%	$204.2M-52.6%	$430.7M+79.1%	$240.4M-22.0%	$308.2M-12.7%	$353.0M-1.4%	$358.2M+82.2%	$196.6M+13.0%	$174.0M-61.1%	$447.0M
Accounts Receivable	$143.4M+15.6%	$124.1M+23.9%	$100.1M+26.8%	$79.0M+92.9%	$41.0M-53.0%	$87.0M+4.2%	$83.6M-43.1%	$146.7M-1.3%	$148.7M-8.4%	$162.4M+16.7%	$139.2M+4.9%	$132.6M-5.1%	$139.8M+50.2%	$93.0M-18.9%	$114.7M
Goodwill	$961.3M0.0%	$961.3M0.0%	$961.3M0.0%	$961.3M+209.9%	$310.2M-54.8%	$686.2M-0.2%	$687.3M-15.6%	$813.9M-1.8%	$829.1M+41.0%	$588.0M+6.5%	$552.3M+6.2%	$519.9M+2.1%	$508.9M-7.5%	$550.0M+5.0%	$523.6M
Total Liabilities	$1.3B-3.9%	$1.4B+1.4%	$1.4B-12.1%	$1.5B-13.6%	$1.8B+94.7%	$915.4M+8.8%	$841.6M+3.1%	$816.6M+27.6%	$639.7M+25.5%	$509.8M+14.5%	$445.4M-2.7%	$457.9M-0.3%	$459.0M-4.0%	$477.9M+5.2%	$454.2M
Current Liabilities	$507.9M+4.2%	$487.7M+13.1%	$431.2M+1.8%	$423.6M+3.6%	$408.8M+18.2%	$346.0M+11.0%	$311.6M-14.8%	$365.8M-3.1%	$377.3M+4.3%	$361.8M+12.4%	$321.9M+1.6%	$316.8M+0.2%	$316.2M+0.4%	$314.9M-0.5%	$316.4M
Non-Current Liabilities	$810.8M-8.3%	$884.6M-4.1%	$922.0M-17.3%	$1.1B-18.8%	$1.4B+141.1%	$569.4M+7.4%	$530.0M+17.6%	$450.8M+71.8%	$262.4M+77.3%	$148.0M+19.8%	$123.5M-12.4%	$141.0M-1.2%	$142.7M-12.5%	$163.0M+18.3%	$137.8M
Long-Term Debt	$552.7M-14.8%	$648.7M-6.7%	$695.1M-17.1%	$838.9M-21.4%	$1.1B+273.2%	$286.1M-28.1%	$398.1M+37.2%	$290.1M+132.1%	$125.0M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.4B+4.7%	$1.4B-6.1%	$1.5B-2.3%	$1.5B+15.3%	$1.3B-1.2%	$1.3B-5.9%	$1.4B-8.4%	$1.5B-9.0%	$1.7B+5.5%	$1.6B-0.2%	$1.6B+3.4%	$1.5B+9.8%	$1.4B+3.0%	$1.4B-2.4%	$1.4B
Retained Earnings	$2.8B+9.3%	$2.5B+5.7%	$2.4B+4.0%	$2.3B+15.2%	$2.0B+4.0%	$1.9B-4.2%	$2.0B+5.0%	$1.9B+1.9%	$1.9B+6.2%	$1.8B-1.4%	$1.8B+6.8%	$1.7B+6.8%	$1.6B+5.8%	$1.5B+8.8%	$1.4B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'24
Total Assets	$2.7B-1.9%	$2.6B-4.0%	$2.9B+1.8%	$2.8B+0.4%	$2.8B+2.8%	$2.7B+0.8%	$2.8B+0.8%	$2.7B-2.5%
Current Assets	$403.8M-10.3%	$303.0M-25.6%	$567.2M+9.7%	$416.2M-0.5%	$450.3M+14.9%	$407.1M+6.8%	$516.9M+8.8%	$418.1M-13.0%
Cash & Equivalents	$147.0M-32.9%	$56.3M-71.0%	$264.7M0.0%	$199.6M-9.0%	$219.0M+21.8%	$194.0M+6.0%	$264.8M+1.5%	$219.3M-19.4%
Accounts Receivable	$173.3M+8.0%	$160.2M+10.9%	$192.1M+13.7%	$143.4M+15.6%	$160.4M+16.0%	$144.4M+10.1%	$168.9M+16.4%	$124.1M+23.9%
Goodwill	$961.3M0.0%	$961.3M0.0%	$961.3M0.0%	$961.3M0.0%	$961.3M0.0%	$961.3M0.0%	$961.3M0.0%	$961.3M0.0%
Total Liabilities	$1.4B+1.2%	$1.2B-3.7%	$1.4B-1.3%	$1.3B-3.9%	$1.4B-2.7%	$1.3B-3.6%	$1.4B+0.9%	$1.4B+1.4%
Current Liabilities	$580.4M+7.4%	$442.9M+15.2%	$576.6M+4.6%	$507.9M+4.2%	$540.6M+6.2%	$384.6M-3.5%	$551.3M+11.2%	$487.7M+13.1%
Non-Current Liabilities	$792.9M-2.9%	$793.0M-11.8%	$833.2M-4.9%	$810.8M-8.3%	$816.5M-7.7%	$899.5M-3.6%	$876.4M-4.7%	$884.6M-4.1%
Long-Term Debt	$495.6M-10.2%	$504.3M-22.4%	$553.2M-14.8%	$552.7M-14.8%	$552.2M-14.8%	$649.9M-6.7%	$649.3M-6.7%	$648.7M-6.7%
Total Equity	$1.4B-4.8%	$1.4B-4.2%	$1.5B+4.9%	$1.4B+4.7%	$1.4B+8.5%	$1.4B+5.1%	$1.4B+0.8%	$1.4B-6.1%
Retained Earnings	$3.0B+8.6%	$2.9B+9.5%	$2.8B+9.8%	$2.8B+9.3%	$2.7B+9.3%	$2.7B+8.5%	$2.6B+7.1%	$2.5B+5.7%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.

ATGE Cash Flow Statement

ATGE quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$406.2M	$337.9M+14.2%	$295.8M+54.1%	$191.9M+1710.3%	$10.6M-94.5%	$192.2M+78.5%	$107.7M-47.4%	$204.9M-14.4%	$239.2M+3.6%	$230.9M-0.2%	$231.5M+12.6%	$205.5M-22.6%	$265.6M+1.6%	$261.5M-5.7%	$277.4M-32.0%	$408.0M
Depreciation & Amortization	N/A	$51.9M-31.1%	$75.3M-26.6%	$102.6M-27.7%	$141.8M+318.6%	$33.9M+5.0%	$32.3M-20.7%	$40.7M+3.0%	$39.5M-30.7%	$57.0M+17.4%	$48.5M-45.6%	$89.1M-0.1%	$89.2M-3.7%	$92.6M+9.6%	$84.5M+38.0%	$61.2M
Stock-Based Compensation	N/A	$41.6M+60.3%	$25.9M+81.5%	$14.3M-36.8%	$22.6M+76.3%	$12.8M-7.6%	$13.9M+5.0%	$13.2M-8.8%	$14.5M-12.7%	$16.6M-25.8%	$22.4M+28.3%	$17.4M-1.4%	$17.7M+14.1%	$15.5M-16.4%	$18.5M+30.0%	$14.3M
Capital Expenditures	$69.9M	$50.3M+2.9%	$48.9M+87.9%	$26.0M-16.2%	$31.1M-22.1%	$39.9M+0.7%	$39.6M-31.2%	$57.6M+23.5%	$46.6M+9.7%	$42.5M-17.4%	$51.5M-42.0%	$88.7M+11.8%	$79.4M-29.0%	$111.8M-10.8%	$125.3M-5.5%	$132.6M
Free Cash Flow	$336.3M	$287.6M+16.5%	$246.9M+48.8%	$165.9Mn/m	-$20.5M-113.4%	$152.3M+123.7%	$68.1M-53.8%	$147.3M-23.5%	$192.6M+2.2%	$188.4M+4.7%	$180.0M+54.1%	$116.8M-37.3%	$186.2M+24.4%	$149.7M-1.6%	$152.1M-44.8%	$275.4M
Investing Cash Flow	-$67.5M	-$41.9Mn/m	-$47.9M-301.6%	$23.7Mn/m	-$551.8Mn/m	-$56.7M-114.8%	$382.5Mn/m	-$213.8Mn/m	-$71.5Mn/m	-$379.7Mn/m	-$215.4Mn/m	-$155.9Mn/m	-$84.3Mn/m	-$152.6Mn/m	-$380.0Mn/m	-$126.0M
Financing Cash Flow	-$411.0M	-$316.0Mn/m	-$301.8Mn/m	-$288.5Mn/m	-$424.5M-162.7%	$676.5Mn/m	-$256.1Mn/m	-$137.5M-469.7%	$37.2M-56.7%	$85.8Mn/m	-$69.1Mn/m	-$48.6Mn/m	-$19.1Mn/m	-$82.6Mn/m	-$168.0Mn/m	-$140.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0-100.0%	$11.4M-50.3%	$23.0M-1.1%	$23.2M+6.1%	$21.9M-30.5%	$31.5M+71.6%	$18.4M+18.3%	$15.5M
Share Buybacks	$306.6M	$213.1M-18.6%	$262.0M+112.8%	$123.1M+2.6%	$120.0M+20.0%	$100.0M-26.9%	$136.9M-45.9%	$252.9M+84.5%	$137.0M+182.5%	$48.5M+48.6%	$32.6M+25.9%	$25.9Mn/m	$0-100.0%	$53.9M-65.9%	$158.1M+18.9%	$132.9M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'24
Operating Cash Flow	$186.2M-10.5%	$29.7Mn/m	$130.5M+46.2%	$59.7M-1.0%	$207.9M+35.3%	-$19.0Mn/m	$89.3M-6.1%	$60.3M+27.3%
Depreciation & Amortization	$14.2M+8.4%	$13.8M+5.9%	$13.1M+3.9%	$13.2M-22.8%	$13.1M-30.4%	$13.0M-32.9%	$12.6M-37.0%	$17.1M-22.3%
Stock-Based Compensation	$31.1M	N/A	$8.3M-12.3%	N/A	N/A	N/A	$9.5M+26.8%	N/A
Capital Expenditures	$20.2M+97.5%	$14.6M+36.9%	$16.0M+53.9%	$19.0M+14.6%	$10.2M-19.4%	$10.7M+16.4%	$10.4M-0.2%	$16.6M+40.2%
Free Cash Flow	$165.9M-16.1%	$15.1Mn/m	$114.5M+45.1%	$40.7M-6.8%	$197.7M+40.3%	-$29.7Mn/m	$78.9M-6.8%	$43.7M+22.9%
Investing Cash Flow	-$20.2Mn/m	-$19.6Mn/m	-$16.0Mn/m	-$11.7Mn/m	-$10.0Mn/m	-$10.7Mn/m	-$9.5Mn/m	-$15.7Mn/m
Financing Cash Flow	-$75.7Mn/m	-$217.7Mn/m	-$49.5Mn/m	-$68.1Mn/m	-$172.1Mn/m	-$41.8Mn/m	-$34.1Mn/m	-$10.7Mn/m
Share Buybacks	$67.5M-6.7%	$164.8M+303.1%	$7.6M-77.1%	$66.7M+479.8%	$72.4M-19.5%	$40.9M-41.7%	$33.2M-63.3%	$11.5M-85.3%

Not reported in any period shown, so not listed: Dividends Paid.

ATGE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ATGE quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	56.9%+0.9pp	55.9%+0.6pp	55.3%+3.1pp	52.3%+3.2pp	49.1%+1.8pp	47.2%-6.2pp	53.5%+1.5pp	51.9%+4.8pp	47.2%-0.2pp	47.3%-0.3pp	47.6%	-111.1%	-131.6%	-174.1%	-239.9%
Operating Margin	19.1%+5.4pp	13.7%+2.1pp	11.6%+6.0pp	5.5%-6.7pp	12.3%-0.4pp	12.7%-2.7pp	15.4%	N/A	N/A	N/A	8.2%-30.7pp	38.9%-1.3pp	40.2%-28.0pp	68.2%	186.4%
Net Margin	13.3%+4.6pp	8.6%+2.2pp	6.4%-16.1pp	22.5%+14.7pp	7.8%+17.6pp	-9.8%-19.2pp	9.4%+5.9pp	3.5%-6.6pp	10.1%+10.4pp	-0.3%-7.6pp	7.3%-21.5pp	28.8%+3.1pp	25.7%-14.7pp	40.4%	122.8%
Return on Equity	16.5%+6.5pp	10.0%+3.6pp	6.4%-14.4pp	20.8%+15.4pp	5.4%+11.9pp	-6.5%-13.4pp	6.8%+4.6pp	2.2%-5.1pp	7.3%+7.5pp	-0.2%-9.0pp	8.8%+0.1pp	8.7%+1.1pp	7.6%-2.8pp	10.4%-13.3pp	23.8%
Return on Assets	8.6%+3.6pp	5.0%+1.7pp	3.3%-6.9pp	10.3%+8.0pp	2.3%+6.0pp	-3.8%-8.0pp	4.2%+2.8pp	1.4%-3.8pp	5.3%+5.4pp	-0.1%-7.0pp	6.9%+0.1pp	6.7%+1.0pp	5.8%-1.9pp	7.7%-10.2pp	17.8%
Current Ratio	0.820.0x	0.86-0.3x	1.11-0.2x	1.31-2.4x	3.71+1.7x	2.00+0.4x	1.62-0.3x	1.88+0.6x	1.25-0.2x	1.43-0.3x	1.74-0.1x	1.82+0.4x	1.40+0.1x	1.28-0.7x	1.97
Debt-to-Equity	0.39-0.1x	0.470.0x	0.48-0.1x	0.56-0.3x	0.83+0.6x	0.22-0.1x	0.29+0.1x	0.19+0.1x	0.07	N/A	N/A	N/A	N/A	N/A	N/A
Liabilities-to-Equity	0.92-0.1x	1.00+0.1x	0.93-0.1x	1.03-0.3x	1.38+0.7x	0.70+0.1x	0.60+0.1x	0.54+0.2x	0.38+0.1x	0.320.0x	0.280.0x	0.300.0x	0.330.0x	0.350.0x	0.33
Asset Turnover	0.65+0.1x	0.58+0.1x	0.52+0.1x	0.46+0.2x	0.29-0.1x	0.38-0.1x	0.450.0x	0.41-0.1x	0.520.0x	0.52-0.4x	0.94+0.7x	0.230.0x	0.220.0x	0.190.0x	0.15
FCF Margin	16.1%+0.5pp	15.6%+4.1pp	11.4%+12.9pp	-1.5%-18.4pp	16.9%+9.1pp	7.9%-6.7pp	14.5%-5.5pp	20.1%+4.5pp	15.6%-1.1pp	16.7%+10.5pp	6.1%-33.8pp	40.0%+3.9pp	36.0%-7.4pp	43.4%	102.4%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'24
Gross Margin	56.7%-0.4pp	59.2%+0.9pp	56.6%+1.1pp	56.5%+1.0pp	57.1%-0.4pp	58.3%+2.1pp	55.4%+1.2pp	55.5%+0.4pp
Operating Margin	18.8%-0.7pp	22.1%-1.1pp	18.5%+1.7pp	16.8%+0.1pp	19.4%+4.5pp	23.2%+8.3pp	16.8%+9.2pp	16.7%+5.9pp
Net Margin	8.6%-4.5pp	15.2%-1.8pp	13.4%+2.3pp	11.9%-0.2pp	13.1%+4.1pp	16.9%+6.8pp	11.1%+8.2pp	12.1%+6.0pp
Return on Equity	3.0%-1.2pp	5.5%+0.3pp	4.2%+0.9pp	3.8%+0.2pp	4.3%+1.5pp	5.3%+2.4pp	3.3%+2.6pp	3.6%+2.1pp
Return on Assets	1.5%-0.7pp	2.9%+0.1pp	2.2%+0.5pp	2.0%+0.2pp	2.2%+0.8pp	2.8%+1.3pp	1.6%+1.3pp	1.8%+1.0pp
Current Ratio	0.70-0.1x	0.68-0.4x	0.980.0x	0.820.0x	0.83+0.1x	1.06+0.1x	0.940.0x	0.86-0.3x
Debt-to-Equity	0.360.0x	0.37-0.1x	0.38-0.1x	0.39-0.1x	0.39-0.1x	0.45-0.1x	0.470.0x	0.470.0x
Liabilities-to-Equity	1.01+0.1x	0.900.0x	0.97-0.1x	0.92-0.1x	0.95-0.1x	0.89-0.1x	1.030.0x	1.00+0.1x
Asset Turnover	0.180.0x	0.190.0x	0.160.0x	0.170.0x	0.170.0x	0.160.0x	0.150.0x	0.150.0x
FCF Margin	34.1%-8.3pp	3.0%+9.6pp	24.8%+5.9pp	8.9%-1.8pp	42.4%+8.3pp	-6.6%-0.9pp	18.9%-4.1pp	10.7%+0.9pp

Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Adtalem Global Education Inc. ATGE	FY2025	$1.8B	$237.1M	13.3%	N/A	58/100
Stride, Inc. LRN	FY2026	$2.5B	$338.2M	13.4%	$3.3B	82/100
Covista Inc. CVSA	FY2026	$2.0B	$251.6M	12.9%	$4.1B	63/100
Grand Canyon Education, Inc LOPE	FY2025	$1.1B	$216.2M	19.5%	$3.9B	81/100
Laureate Education, Inc. LAUR	FY2025	$1.7B	$281.6M	16.6%	$4.5B	62/100

Where Adtalem Global Education Inc. Ranks

Frequently Asked Questions

What is Adtalem Global Education Inc.'s annual revenue?

Adtalem Global Education 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 Education Inc.'s revenue growing?

Adtalem Global Education Inc. (ATGE) revenue grew by 12.9% year-over-year, from $1.6B to $1.8B in fiscal year 2025.

Is Adtalem Global Education Inc. profitable?

Yes, Adtalem Global Education Inc. (ATGE) reported a net income of $234.1M over the trailing 12 months to March 31, 2026. In fiscal year 2025 it reported a net income of $237.1M, with a net profit margin of 13.3%.

What is Adtalem Global Education Inc.'s EBITDA?

Adtalem Global Education 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 Education Inc. have?

As of fiscal year 2025, Adtalem Global Education Inc. (ATGE) had $199.6M in cash and equivalents against $552.7M in long-term debt.

What is Adtalem Global Education Inc.'s gross margin?

Adtalem Global Education 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 Education Inc.'s operating margin?

Adtalem Global Education 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 Education Inc.'s net profit margin?

Adtalem Global Education 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 Education Inc.'s return on equity (ROE)?

Adtalem Global Education 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 Education Inc.'s free cash flow?

Adtalem Global Education 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 Education Inc.'s operating cash flow?

Adtalem Global Education Inc. (ATGE) generated $337.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Adtalem Global Education Inc.'s total assets?

Adtalem Global Education Inc. (ATGE) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Adtalem Global Education Inc.'s capital expenditures?

Adtalem Global Education Inc. (ATGE) invested $50.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Adtalem Global Education Inc. buy back shares?

Yes, Adtalem Global Education 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 Education Inc. have outstanding?

Adtalem Global Education Inc. (ATGE) had 36M shares outstanding as of fiscal year 2025.

What is Adtalem Global Education Inc.'s current ratio?

Adtalem Global Education 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 Education Inc.'s debt-to-equity ratio?

Adtalem Global Education Inc. (ATGE) had a debt-to-equity ratio of 0.39 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Adtalem Global Education Inc.'s liabilities-to-equity ratio?

Adtalem Global Education Inc. (ATGE) had a liabilities-to-equity ratio of 0.92 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Adtalem Global Education Inc.'s return on assets (ROA)?

Adtalem Global Education 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 Education Inc.'s Piotroski F-Score?

Adtalem Global Education 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Adtalem Global Education Inc.'s earnings high quality?

Adtalem Global Education 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 Education Inc. cover its interest payments?

Adtalem Global Education Inc. (ATGE) has an interest coverage ratio of 6.53x, 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 Education Inc.?

Adtalem Global Education Inc. (ATGE) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.