What is Strategic Education, Inc.'s earnings per share (EPS)?

Strategic Education, Inc. (STRA) reported diluted earnings per share of $5.41 for fiscal year 2025. This represents a 15.8% 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.

Strategic Education, Inc. (STRA) Financials

STRA

Trailing 12 months to June 30, 2026

Revenue $1.3B +3.5% YoY

Net Income $134.5M +16.8% YoY

EPS (Diluted) $5.99 +24.5% YoY

Free Cash Flow $168.6M +35.5% YoY

Market Cap $1.8B as of Oct 12, 2026

Price / Sales 1.4x on $1.3B revenue, trailing 12 months to June 30, 2026

Price / Earnings 13.5x on $134.5M net income, trailing 12 months to June 30, 2026

Price / Book 1.1x on $1.6B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the STRA SEC filings page.

Strategic Education, Inc. (STRA) reported $1.3B in revenue over the twelve months to Jun 30, 2026, up 3.5% 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 (10-K and 10-Q reports).

Rhea AI STRA FY2025 2026-10-03

Profit has grown faster than revenue as operating margins expanded, making efficiency—not volume the main visible earnings driver.

Revenue was only modestly higher in FY2025 than FY2021, while operating margin rose from 6.5% to 13.7%. That gap means operating income expanded far faster than sales, pointing to fixed-cost absorption or cost discipline rather than volume alone.

FY2025 operating cash flow of $198M exceeded net income of $127M, and free cash flow reached $154M after $44M of capital expenditures. This indicates earnings converted into cash without unusually heavy reinvestment, leaving internally generated funds available for uses beyond maintaining the asset base.

Short-term liquidity narrowed from a 1.9x current ratio in FY2021 to 1.3x in FY2025, showing less working-capital cushion. Meanwhile, FY2025 buybacks and dividends totaled $196M, exceeding $154M of free cash flow and showing distributions were larger than that year's internally generated cash.

Financial Health Signals

Financial Health Score 59/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Strategic 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

Strategic Education, Inc. has an operating margin of 13.7%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is up from 12.8% the prior year.

Growth

Strategic Education, Inc.'s revenue grew a modest 4.0% year-over-year to $1.3B. This slow but positive growth earns a score of 53/100.

Leverage

Strategic Education, Inc. carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Strategic Education, Inc.'s current ratio of 1.27 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Strategic Education, Inc. converts 12.1% of revenue into free cash flow ($153.9M). This strong cash generation earns a score of 67/100.

Returns

Strategic Education, Inc.'s ROE of 7.7% shows moderate profitability relative to equity, earning a score of 60/100. This is up from 6.8% the prior year.

Altman Z-Score Safe

3.90

Strategic Education, Inc. scores 3.90, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.8B) relative to total liabilities ($392.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/7

Strategic Education, Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.57x

For every $1 of reported earnings, Strategic Education, Inc. generates $1.57 in operating cash flow ($198.2M OCF vs $126.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$337.3M

YoY+4.9%

QoQ+10.2%

5Y CAGR+2.4%

10Y CAGR+12.0%

Strategic Education, Inc. generated $337.3M in revenue in Q2 2026. This represents an increase of 4.9% from the same quarter a year earlier. Against the prior quarter it is up 10.2%.

EBITDA

$61.7M

YoY+6.8%

QoQ+18.6%

5Y CAGR+1.0%

Strategic Education, Inc.'s EBITDA was $61.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.8% from the same quarter a year earlier. Against the prior quarter it is up 18.6%.

Net Income

$37.2M

YoY+14.9%

QoQ+13.3%

5Y CAGR+13.2%

10Y CAGR+16.9%

Strategic Education, Inc. reported $37.2M in net income in Q2 2026. This represents an increase of 14.9% from the same quarter a year earlier. Against the prior quarter it is up 13.3%.

EPS (Diluted)

$1.71

YoY+24.8%

QoQ+15.5%

5Y CAGR+15.6%

10Y CAGR+9.0%

Strategic Education, Inc. earned $1.71 per diluted share (EPS) in Q2 2026. This represents an increase of 24.8% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.

Cash & Balance Sheet

Free Cash Flow

$15.0M

YoY-26.2%

QoQ-80.5%

5Y CAGR-16.3%

10Y CAGR+9.8%

Strategic Education, Inc. generated $15.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 26.2% from the same quarter a year earlier. Against the prior quarter it is down 80.5%.

Cash & Debt

$123.8M

YoY-7.4%

QoQ-17.7%

5Y CAGR-13.9%

10Y CAGR+0.5%

Strategic Education, Inc. held $123.8M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.60

YoY0.0%

QoQ0.0%

5Y CAGR0.0%

Strategic Education, Inc. paid $0.60 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

22M

YoY-7.1%

QoQ-1.8%

5Y CAGR-2.0%

10Y CAGR+7.2%

Strategic Education, Inc. had 22M shares outstanding in Q2 2026. This represents a decrease of 7.1% from the same quarter a year earlier. Against the prior quarter it is down 1.8%.

Margins & Returns

Operating Margin

15.0%

YoY+0.7pp

QoQ+1.5pp

5Y change+6.0pp

10Y change+3.1pp

Strategic Education, Inc.'s operating margin was 15.0% in Q2 2026, reflecting core business profitability. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.

Net Margin

11.0%

YoY+1.0pp

QoQ+0.3pp

5Y change+4.3pp

10Y change+3.8pp

Strategic Education, Inc.'s net profit margin was 11.0% in Q2 2026, showing the share of revenue converted to profit. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Return on Equity

2.3%

YoY+0.3pp

QoQ+0.3pp

5Y change+1.1pp

10Y change-2.4pp

Strategic Education, Inc.'s ROE was 2.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$32.8M

YoY+16.9%

QoQ-18.1%

5Y CAGR+62.3%

Strategic Education, Inc. spent $32.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 16.9% from the same quarter a year earlier. Against the prior quarter it is down 18.1%.

Capital Expenditures

$14.1M

YoY+30.5%

QoQ+40.4%

5Y CAGR+6.1%

10Y CAGR+22.7%

Strategic Education, Inc. invested $14.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 30.5% from the same quarter a year earlier. Against the prior quarter it is up 40.4%.

R&D Spending

Not reported for Q2 2026.

STRA 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.

STRA quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.3B	$1.3B+4.0%	$1.2B+7.7%	$1.1B+6.3%	$1.1B-5.9%	$1.1B+10.1%	$1.0B+3.1%	$997.1M+57.2%	$634.2M+39.4%	$454.9M+3.1%	$441.1M+1.5%	$434.4M-2.6%	$446.0M-11.4%	$503.6M-10.4%	$562.0M-10.4%	$627.4M
SG&A Expenses	$429.0M	$425.0M+3.1%	$412.2M+7.2%	$384.4M+1.2%	$379.8M+5.1%	$361.3M+22.4%	$295.2M+8.4%	$272.4M+40.4%	$194.0M+50.0%	$129.3M+170.2%	$47.9M+8.2%	$44.3M-1.3%	$44.8M-30.6%	$64.6M+29.1%	$50.1M-9.8%	$55.5M
Operating Income	$180.2M	$174.2M+12.0%	$155.6M+63.3%	$95.3M+34.7%	$70.8M-4.3%	$73.9M-32.4%	$109.4M-1.0%	$110.5M+586.1%	-$22.7M-143.6%	$52.2M-9.2%	$57.5M-17.5%	$69.7M-14.7%	$81.7M+150.0%	$32.7M-71.2%	$113.6M-36.6%	$179.1M
EBITDA	N/A	$222.6M+11.3%	$200.0M+39.2%	$143.7M+17.1%	$122.8M-7.7%	$133.0M-17.5%	$161.2M+0.7%	$160.0M+1747.9%	$8.7M-87.8%	$70.9M-5.8%	$75.3M-14.3%	$87.8M-14.2%	$102.4M+50.0%	$68.3M-50.4%	$137.6M-31.4%	$200.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$642K0.0%	$642K-83.3%	$3.9M-26.6%	$5.2M-3.2%	$5.4M+17.4%	$4.6M+22.3%	$3.8M
Income Tax	$49.6M	$50.8M+4.2%	$48.7M+57.6%	$30.9M+35.1%	$22.9M+6.4%	$21.5M-22.3%	$27.7M-35.0%	$42.6M+1328.0%	-$3.5M-110.8%	$32.0M+42.4%	$22.5M-13.9%	$26.1M-13.7%	$30.3M+178.7%	$10.9M-74.8%	$43.0M-38.0%	$69.5M
Net Income	$134.5M	$126.6M+12.4%	$112.7M+61.5%	$69.8M+49.5%	$46.7M-15.3%	$55.1M-36.1%	$86.3M+6.3%	$81.1M+617.8%	-$15.7M-176.0%	$20.6M-40.8%	$34.8M-13.0%	$40.0M-13.7%	$46.4M+182.2%	$16.4M-75.1%	$65.9M-37.8%	$106.0M
EPS (Basic)	N/A	$5.57+15.8%	$4.81+61.4%	$2.98+51.3%	$1.97-14.3%	$2.30-39.6%	$3.81+2.1%	$3.73+462.1%	-$1.03-153.4%	$1.93-41.2%	$3.28-13.2%	$3.78-13.9%	$4.39+183.2%	$1.55-73.2%	$5.79-35.0%	$8.91
EPS (Diluted)	$5.99	$5.41+15.8%	$4.67+60.5%	$2.91+50.0%	$1.94-14.9%	$2.28-39.5%	$3.77+2.7%	$3.67+456.3%	-$1.03	$1.84-42.7%	$3.21-13.9%	$3.73-14.3%	$4.35+180.6%	$1.55-73.1%	$5.76-35.1%	$8.88
Diluted Shares (Avg)	N/A	23M-3.1%	24M+0.8%	24M-0.2%	24M-0.5%	24M+5.5%	23M+3.5%	22M+45.5%	15M	11M+3.3%	11M+1.0%	11M+0.8%	11M+0.2%	11M-7.1%	11M-4.2%	12M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$337.3M+4.9%	$305.9M+0.8%	$323.2M+3.8%	$319.9M+4.6%	$321.5M+2.9%	$303.6M+4.6%	$311.5M+2.9%	$306.0M+7.0%
SG&A Expenses	$106.4M-0.3%	$108.0M+4.2%	$108.7M+4.3%	$105.9M-0.3%	$106.8M+1.6%	$103.6M+7.1%	$104.1M+12.7%	$106.2M+8.8%
Operating Income	$50.5M+10.3%	$41.1M+3.2%	$51.6M+43.3%	$37.0M+2.0%	$45.8M+9.1%	$39.8M-3.8%	$36.0M-33.6%	$36.3M+41.7%
EBITDA	$61.7M+6.8%	$52.0M+2.0%	$64.9M+36.9%	$49.0M+4.0%	$57.8M+8.8%	$51.0M-2.7%	$47.4M-17.9%	$47.1M+16.9%
Income Tax	$14.7M+11.9%	$9.5M-22.7%	$15.3M+21.6%	$10.1M-6.5%	$13.1M+10.2%	$12.3M-8.8%	$12.6M-22.0%	$10.8M+35.3%
Net Income	$37.2M+14.9%	$32.8M+10.3%	$37.9M+49.6%	$26.6M-4.0%	$32.3M+8.1%	$29.7M+0.1%	$25.3M-35.3%	$27.7M+50.3%
EPS (Basic)	$1.74+23.4%	$1.52+18.8%	$1.70+57.4%	$1.180.0%	$1.41+10.2%	$1.28+0.8%	$1.08-35.3%	$1.18+49.4%
EPS (Diluted)	$1.71+24.8%	$1.48+19.4%	$1.65+57.1%	$1.150.0%	$1.37+10.5%	$1.24+0.8%	$1.05-35.6%	$1.15+49.4%
Diluted Shares (Avg)	22M-7.6%	22M-7.9%	N/A	23M-4.0%	24M-2.7%	24M0.0%	N/A	24M+1.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.

STRA Balance Sheet

STRA quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$2.0B-0.5%	$2.0B-3.6%	$2.1B-1.7%	$2.2B-6.3%	$2.3B+0.4%	$2.3B+28.3%	$1.8B+7.7%	$1.7B+417.0%	$321.3M+7.6%	$298.7M+20.2%	$248.4M-19.3%	$307.8M+21.1%	$254.3M+11.6%	$227.8M-1.4%	$231.1M
Current Assets	$277.9M-8.9%	$304.9M-7.3%	$329.1M0.0%	$329.1M-10.5%	$367.8M+28.5%	$286.1M-45.4%	$524.1M+24.7%	$420.4M+120.8%	$190.3M+18.6%	$160.5M+21.3%	$132.4M-32.7%	$196.7M+54.4%	$127.3M+42.0%	$89.7M-5.3%	$94.7M
Cash & Equivalents	$140.8M+2.7%	$137.1M-18.6%	$168.5M-21.1%	$213.7M-20.5%	$268.9M+43.4%	$187.5M-55.3%	$419.7M+34.6%	$311.7M+99.9%	$155.9M+20.6%	$129.2M+20.9%	$106.9M-34.1%	$162.3M+71.3%	$94.8M+99.4%	$47.5M-16.8%	$57.1M
Short-Term Investments	$7.3M-84.5%	$46.9M+18.2%	$39.7M+333.9%	$9.2M+40.8%	$6.5M-14.0%	$7.6M-78.3%	$34.9M-6.1%	$37.1M	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$78.2M+2.7%	$76.1M0.0%	$76.1M+20.9%	$63.0M+22.8%	$51.3M+2.2%	$50.2M-2.6%	$51.5M-7.5%	$55.7M+140.9%	$23.1M+12.6%	$20.5M+10.9%	$18.5M+9.3%	$16.9M+6.9%	$15.8M-31.9%	$23.3M-7.0%	$25.0M
Long-Term Investments	$5.0M-66.6%	$15.0M+3001.7%	$483K-96.3%	$13.1M-43.9%	$23.4M-22.8%	$30.3M-17.4%	$36.6M-2.8%	$37.7M	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.2B+2.9%	$1.2B-3.6%	$1.3B0.0%	$1.3B-2.7%	$1.3B-2.5%	$1.3B+80.1%	$732.1M-0.1%	$732.5M+3431.3%	$20.7M0.0%	$20.7M+205.1%	$6.8M0.0%	$6.8M0.0%	$6.8M0.0%	$6.8M0.0%	$6.8M
Total Liabilities	$392.1M+1.3%	$387.2M-18.1%	$472.7M-10.1%	$526.0M-11.1%	$591.9M+8.1%	$547.5M+67.6%	$326.7M+38.5%	$235.8M+110.4%	$112.1M+1.6%	$110.3M+4.5%	$105.6M-50.9%	$215.1M-0.1%	$215.4M+15.3%	$186.8M-1.1%	$188.8M
Current Liabilities	$217.9M+0.7%	$216.5M+3.3%	$209.6M-0.2%	$209.9M+7.2%	$195.8M-2.1%	$200.1M+27.6%	$156.7M+25.3%	$125.1M+81.2%	$69.1M+15.4%	$59.8M+3.9%	$57.6M+2.2%	$56.3M+24.8%	$45.2M+5.0%	$43.0M-44.3%	$77.2M
Non-Current Liabilities	$174.2M+2.0%	$170.8M-35.1%	$263.1M-16.8%	$316.0M-20.2%	$396.1M+14.0%	$347.4M+104.4%	$169.9M+53.6%	$110.7M+157.3%	$43.0M-14.8%	$50.5M+5.2%	$48.0M-69.8%	$158.7M-6.7%	$170.2M+677.0%	$21.9M+1.1%	$21.7M
Long-Term Debt	N/A	$0-100.0%	$61.4M-39.4%	$101.4M-28.4%	$141.6M-0.1%	$141.8M	$0	N/A	N/A	N/A	N/A	$112.5M-5.3%	$118.8M-2.6%	$121.9M+35.4%	$90.0M
Total Equity	$1.6B-1.0%	$1.7B+0.6%	$1.7B+1.0%	$1.6B-4.6%	$1.7B-2.0%	$1.7B+19.5%	$1.5B+2.6%	$1.4B+581.3%	$209.2M+11.1%	$188.4M+31.9%	$142.9M+54.1%	$92.7M+138.4%	$38.9M-5.1%	$41.0M-3.1%	$42.3M
Retained Earnings	$255.5M+17.0%	$218.4M+29.3%	$168.9M+5.7%	$159.7M-8.5%	$174.6M-2.8%	$179.6M+17.6%	$152.8M+29.2%	$118.3M-27.0%	$162.0M+6.0%	$152.8M+29.5%	$118.0M+51.3%	$78.0M+146.6%	$31.6M-23.4%	$41.3M-2.8%	$42.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.1B-1.1%	$2.1B+0.2%	$2.0B-0.5%	$2.1B-3.5%	$2.1B-3.9%	$2.1B-3.8%	$2.0B-3.6%	$2.2B+3.5%
Current Assets	$290.1M-9.3%	$303.8M-7.4%	$277.9M-8.9%	$346.4M-9.7%	$319.9M-19.8%	$328.3M-15.9%	$304.9M-7.3%	$383.5M+9.4%
Cash & Equivalents	$123.8M-7.4%	$150.3M+4.3%	$140.8M+2.7%	$151.5M-22.7%	$133.6M-41.9%	$144.2M-35.1%	$137.1M-18.6%	$195.9M+16.8%
Short-Term Investments	$5.0M-84.1%	$7.3M-81.1%	$7.3M-84.5%	$21.2M-19.1%	$31.4M+20.0%	$38.4M+22.2%	$46.9M+18.2%	$26.2M-9.6%
Accounts Receivable	$100.9M+3.0%	$86.2M-4.6%	$78.2M+2.7%	$114.9M+8.6%	$97.9M+9.2%	$90.3M+8.7%	$76.1M0.0%	$105.8M+8.6%
Long-Term Investments	$5.0M-66.6%	$5.0M-66.6%	$5.0M-66.6%	$10.0M	$15.0M	$15.0M	$15.0M+3001.7%	$0-100.0%
Goodwill	$1.3B+2.2%	$1.3B+3.8%	$1.2B+2.9%	$1.2B-1.9%	$1.2B-0.8%	$1.2B-1.6%	$1.2B-3.6%	$1.3B+2.6%
Total Liabilities	$435.3M+2.5%	$443.9M+3.0%	$392.1M+1.3%	$455.9M-3.2%	$424.8M-14.9%	$430.9M-15.9%	$387.2M-18.1%	$470.7M-9.4%
Current Liabilities	$264.8M+4.1%	$262.9M+1.3%	$217.9M+0.7%	$283.5M-0.8%	$254.5M+0.4%	$259.4M-0.9%	$216.5M+3.3%	$285.8M+7.7%
Non-Current Liabilities	$170.5M+0.1%	$181.0M+5.6%	$174.2M+2.0%	$172.4M-6.8%	$170.3M-30.8%	$171.5M-31.7%	$170.8M-35.1%	$184.9M-27.2%
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$0-100.0%
Total Equity	$1.6B-2.0%	$1.6B-0.5%	$1.6B-1.0%	$1.7B-3.5%	$1.7B-0.7%	$1.6B0.0%	$1.7B+0.6%	$1.7B+7.7%
Retained Earnings	$283.3M+20.0%	$265.8M+17.9%	$255.5M+17.0%	$241.1M+14.7%	$236.1M+18.7%	$225.4M+22.7%	$218.4M+29.3%	$210.2M+45.6%

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

STRA Cash Flow Statement

STRA quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$215.9M	$198.2M+17.0%	$169.3M+44.6%	$117.1M-7.1%	$126.1M-30.2%	$180.5M+26.3%	$142.9M-29.3%	$202.1M+331.3%	$46.9M-16.5%	$56.2M+26.1%	$44.5M-42.6%	$77.5M0.0%	$77.5M-7.8%	$84.1M+2.5%	$82.1M-46.8%	$154.4M
Depreciation & Amortization	N/A	$48.4M+9.0%	$44.4M-8.3%	$48.4M-6.9%	$52.0M-12.0%	$59.1M+14.1%	$51.8M+4.6%	$49.5M+57.6%	$31.4M+67.9%	$18.7M+5.1%	$17.8M-1.7%	$18.1M-12.2%	$20.6M-42.0%	$35.6M+48.3%	$24.0M+11.4%	$21.5M
Stock-Based Compensation	N/A	$23.0M-10.2%	$25.6M+29.3%	$19.8M-9.3%	$21.8M+20.1%	$18.1M+24.2%	$14.6M+20.1%	$12.2M-21.7%	$15.5M+33.6%	$11.6M+8.0%	$10.8M+5.4%	$10.2M+8.0%	$9.5M+1.7%	$9.3M+70.0%	$5.5M-58.7%	$13.2M
Capital Expenditures	$47.3M	$44.3M+9.0%	$40.6M+9.8%	$36.9M-14.4%	$43.2M-12.7%	$49.4M+5.6%	$46.8M+21.0%	$38.7M+40.4%	$27.5M+52.6%	$18.1M+37.2%	$13.2M+3.7%	$12.7M+83.9%	$6.9M-20.9%	$8.7M-64.7%	$24.7M-17.5%	$30.0M
Free Cash Flow	$168.6M	$153.9M+19.6%	$128.8M+60.6%	$80.2M-3.3%	$82.9M-36.8%	$131.1M+36.4%	$96.1M-41.2%	$163.5M+746.1%	$19.3M-49.3%	$38.1M+21.5%	$31.4M-51.6%	$64.9M-8.2%	$70.6M-6.3%	$75.4M+31.5%	$57.3M-53.9%	$124.4M
Investing Cash Flow	-$8.7M	$8.5M+113.2%	-$64.4M-32.6%	-$48.5M-54.8%	-$31.4M+5.2%	-$33.1M+94.8%	-$642.2M-1587.0%	-$38.1M-129.3%	$130.1M+820.9%	-$18.1M+13.2%	-$20.8M-63.9%	-$12.7M-83.9%	-$6.9M+20.9%	-$8.7M+64.7%	-$24.7M-0.5%	-$24.6M
Financing Cash Flow	-$219.9M	-$206.2M-50.7%	-$136.8M-20.4%	-$113.6M+20.2%	-$142.4M-109.7%	-$67.9M-124.3%	$279.2M+600.2%	-$55.8M-163.1%	-$21.2M-85.8%	-$11.4M-740.6%	-$1.4M+98.9%	-$120.3M-3748.0%	-$3.1M+88.9%	-$28.1M+58.0%	-$66.9M+51.0%	-$136.7M
Dividends Paid	$55.3M	$57.5M-2.4%	$59.0M+0.3%	$58.8M-0.8%	$59.2M+0.3%	$59.0M+5.5%	$56.0M+20.0%	$46.6M+67.5%	$27.8M+143.9%	$11.4M	N/A	N/A	N/A	N/A	$47.3M-3.6%	$49.1M
Share Buybacks	$151.6M	$138.9M+1106.7%	$11.5M+15.1%	$10.0M-75.1%	$40.1M+579.4%	$5.9M+2290.7%	$247K	$0	$0	N/A	N/A	N/A	N/A	$25.0M0.0%	$25.0M-87.7%	$202.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$29.2M-6.5%	$87.4M+29.1%	$39.2M+146.4%	$60.1M+16.8%	$31.2M+28.4%	$67.7M-12.8%	$15.9M-46.9%	$51.5M+10.9%
Depreciation & Amortization	$11.2M-6.7%	$10.9M-2.4%	$13.2M+16.5%	$12.0M+10.7%	$12.0M+7.6%	$11.2M+1.1%	$11.4M+223.0%	$10.8M-26.4%
Stock-Based Compensation	$4.9M-16.8%	$5.4M-1.6%	N/A	$5.9M-14.8%	$5.9M-10.9%	$5.5M+2.7%	N/A	$6.9M+68.9%
Capital Expenditures	$14.1M+30.5%	$10.1M-2.4%	$12.2M+9.0%	$10.9M+15.3%	$10.8M+0.9%	$10.3M+12.3%	$11.2M+16.7%	$9.4M-1.1%
Free Cash Flow	$15.0M-26.2%	$77.3M+34.8%	$27.0M+477.0%	$49.3M+17.1%	$20.4M+50.2%	$57.3M-16.2%	$4.7M-77.0%	$42.1M+14.0%
Investing Cash Flow	-$11.7M-299.8%	-$10.2M-498.2%	$9.0M+118.4%	$4.1M+145.6%	-$2.9M+43.8%	-$1.7M-69.8%	-$49.2M-172.0%	-$9.0M-33.6%
Financing Cash Flow	-$46.1M-8.9%	-$66.1M-17.8%	-$58.7M-158.5%	-$49.0M+39.5%	-$42.3M-189.9%	-$56.1M-204.5%	-$22.7M-56.2%	-$81.0M-48.3%
Dividends Paid	$13.3M-7.4%	$13.6M-8.2%	$14.2M-3.8%	$14.2M-4.0%	$14.4M-2.4%	$14.8M+0.4%	$14.7M+0.5%	$14.8M+0.6%
Share Buybacks	$32.8M+16.9%	$40.0M+24.9%	$44.6M+584.7%	$34.3M+585.7%	$28.0M	$32.0M	$6.5M	$5.0M

STRA 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.

STRA quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	13.7%+1.0pp	12.8%+4.3pp	8.4%+1.8pp	6.6%+0.1pp	6.5%-4.1pp	10.6%-0.4pp	11.1%+14.7pp	-3.6%-15.1pp	11.5%-1.6pp	13.0%-3.0pp	16.0%-2.3pp	18.3%+11.8pp	6.5%-13.7pp	20.2%-8.3pp	28.5%
Net Margin	10.0%+0.7pp	9.2%+3.1pp	6.2%+1.8pp	4.4%-0.5pp	4.9%-3.5pp	8.4%+0.3pp	8.1%+10.6pp	-2.5%-7.0pp	4.5%-3.4pp	7.9%-1.3pp	9.2%-1.2pp	10.4%+7.1pp	3.3%-8.5pp	11.7%-5.2pp	16.9%
Return on Equity	7.7%+0.9pp	6.8%+2.6pp	4.2%+1.4pp	2.9%-0.4pp	3.2%-1.7pp	4.9%-0.6pp	5.5%+6.7pp	-1.1%-10.9pp	9.8%-8.6pp	18.5%-9.6pp	28.0%-22.0pp	50.0%+7.8pp	42.2%-118.6pp	160.8%-89.9pp	250.7%
Return on Assets	6.2%+0.7pp	5.5%+2.2pp	3.3%+1.1pp	2.2%-0.2pp	2.4%-1.4pp	3.8%-0.8pp	4.5%+5.5pp	-0.9%-7.4pp	6.4%-5.2pp	11.7%-4.5pp	16.1%+1.0pp	15.1%+8.6pp	6.5%-22.5pp	28.9%-16.9pp	45.9%
Current Ratio	1.27-0.1x	1.41-0.2x	1.570.0x	1.57-0.3x	1.88+0.4x	1.43-1.9x	3.340.0x	3.36+0.6x	2.76+0.1x	2.68+0.4x	2.30-1.2x	3.49+0.7x	2.82+0.7x	2.08+0.9x	1.23
Debt-to-Equity	0.24+0.2x	0.000.0x	0.040.0x	0.060.0x	0.080.0x	0.08+0.1x	0.00-0.2x	0.17-0.4x	0.540.0x	0.59-0.2x	0.74-0.5x	1.21-1.8x	3.05+0.1x	2.97+0.8x	2.13
Asset Turnover	0.620.0x	0.60+0.1x	0.530.0x	0.490.0x	0.490.0x	0.45-0.1x	0.56+0.2x	0.38-1.0x	1.42-0.1x	1.48-0.3x	1.75+0.3x	1.45-0.5x	1.98-0.5x	2.47-0.2x	2.71
FCF Margin	12.1%+1.6pp	10.5%+3.5pp	7.1%-0.7pp	7.8%-3.8pp	11.6%+2.2pp	9.3%-7.0pp	16.4%+13.3pp	3.0%-5.3pp	8.4%+1.3pp	7.1%-7.8pp	14.9%-0.9pp	15.8%+0.9pp	15.0%+4.8pp	10.2%-9.6pp	19.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	15.0%+0.7pp	13.4%+0.3pp	16.0%+4.4pp	11.6%-0.3pp	14.2%+0.8pp	13.1%-1.1pp	11.6%-6.3pp	11.9%+2.9pp
Net Margin	11.0%+1.0pp	10.7%+0.9pp	11.7%+3.6pp	8.3%-0.8pp	10.1%+0.5pp	9.8%-0.4pp	8.1%-4.8pp	9.1%+2.6pp
Return on Equity	2.3%+0.3pp	2.0%+0.2pp	2.3%+0.8pp	1.6%0.0pp	1.9%+0.2pp	1.8%0.0pp	1.5%-0.8pp	1.6%+0.5pp
Return on Assets	1.8%+0.2pp	1.6%+0.2pp	1.9%+0.6pp	1.3%0.0pp	1.6%+0.2pp	1.4%+0.1pp	1.2%-0.6pp	1.3%+0.4pp
Current Ratio	1.10-0.2x	1.16-0.1x	1.27-0.1x	1.22-0.1x	1.26-0.3x	1.27-0.2x	1.41-0.2x	1.340.0x
Debt-to-Equity	0.270.0x	0.270.0x	0.24+0.2x	0.28+0.3x	0.25+0.2x	0.26+0.2x	0.000.0x	0.000.0x
Asset Turnover	0.160.0x	0.150.0x	0.160.0x	0.150.0x	0.150.0x	0.150.0x	0.150.0x	0.140.0x
FCF Margin	4.5%-1.9pp	25.3%+6.4pp	8.3%+6.8pp	15.4%+1.6pp	6.3%+2.0pp	18.9%-4.7pp	1.5%-5.2pp	13.8%+0.8pp

Not reported in any period shown, so not listed: Gross Margin.

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.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Strategic Education, Inc. STRA	FY2025	$1.3B	$126.6M	10.0%	$1.8B	59/100
Perdoceo Education Corporation PRDO	FY2025	$846.1M	$159.9M	18.9%	$2.1B	67/100
Adtalem Global Education Inc. ATGE	FY2025	$1.8B	$237.1M	13.3%	$3.4B	58/100
Laureate Education, Inc. LAUR	FY2025	$1.7B	$281.6M	16.6%	$5.4B	63/100
GRAHAM HOLDINGS COMPANY GHC	FY2025	$4.9B	$292.3M	5.9%	$5.0B	48/100
Stride, Inc. LRN	FY2026	$2.5B	$338.2M	13.4%	$3.6B	83/100

Where Strategic Education, Inc. Ranks

Frequently Asked Questions

What is Strategic Education, Inc.'s annual revenue?

Strategic Education, Inc. (STRA) reported $1.3B in total revenue for fiscal year 2025. This represents a 4.0% 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 Strategic Education, Inc.'s revenue growing?

Strategic Education, Inc. (STRA) revenue grew by 4.0% year-over-year, from $1.2B to $1.3B in fiscal year 2025.

Is Strategic Education, Inc. profitable?

Yes, Strategic Education, Inc. (STRA) reported a net income of $126.6M in fiscal year 2025, with a net profit margin of 10.0%.

What is Strategic Education, Inc.'s EBITDA?

Strategic Education, Inc. (STRA) had EBITDA of $222.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Strategic Education, Inc.'s operating margin?

Strategic Education, Inc. (STRA) had an operating margin of 13.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Strategic Education, Inc.'s net profit margin?

Strategic Education, Inc. (STRA) had a net profit margin of 10.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Strategic Education, Inc. pay dividends?

Yes, Strategic Education, Inc. (STRA) paid $2.40 per share in dividends during fiscal year 2025.

What is Strategic Education, Inc.'s return on equity (ROE)?

Strategic Education, Inc. (STRA) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Strategic Education, Inc.'s free cash flow?

Strategic Education, Inc. (STRA) generated $153.9M in free cash flow during fiscal year 2025. This represents a 19.6% 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 Strategic Education, Inc.'s operating cash flow?

Strategic Education, Inc. (STRA) generated $198.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Strategic Education, Inc.'s total assets?

Strategic Education, Inc. (STRA) had $2.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Strategic Education, Inc.'s capital expenditures?

Strategic Education, Inc. (STRA) invested $44.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Strategic Education, Inc. buy back shares?

Yes, Strategic Education, Inc. (STRA) spent $138.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Strategic Education, Inc. have outstanding?

Strategic Education, Inc. (STRA) had 23M shares outstanding as of fiscal year 2025.

What is Strategic Education, Inc.'s current ratio?

Strategic Education, Inc. (STRA) had a current ratio of 1.27 as of fiscal year 2025, which is considered adequate.

What is Strategic Education, Inc.'s debt-to-equity ratio?

Strategic Education, Inc. (STRA) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Strategic Education, Inc.'s return on assets (ROA)?

Strategic Education, Inc. (STRA) had a return on assets of 6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Strategic Education, Inc.'s P/E ratio?

Strategic Education, Inc. (STRA) trades at 13.5x earnings, its market capitalization divided by net income of $134.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.8B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Strategic Education, Inc.'s price-to-sales ratio?

Strategic Education, Inc. (STRA) trades at 1.4x sales, its market capitalization divided by revenue of $1.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.8B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Strategic Education, Inc.'s Altman Z-Score?

Strategic Education, Inc. (STRA) has an Altman Z-Score of 3.90, 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 Strategic Education, Inc.'s Piotroski F-Score?

Strategic Education, Inc. (STRA) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Strategic Education, Inc.'s earnings high quality?

Strategic Education, Inc. (STRA) has an earnings quality ratio of 1.57x, 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.

How financially healthy is Strategic Education, Inc.?

Strategic Education, Inc. (STRA) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite 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.