← AMERICAN PUBLIC EDUCATION INC APEI
Market Price
$44.74
Market Cap
$830.41M
P/E Ratio
32.90
Revenue (FY 2025)
↑3.9% YoY
$648.86M
3-Yr CAGR: 2.3%
Net Income
↑95.8% YoY
$31.56M
Net Margin: 4.9%
Free Cash Flow
↑65.9% YoY
$46.10M
FCF Yield: 5.55%
EPS (Diluted)
↑147.3% YoY
$1.36
Basic: $1.40
Return on Equity
Efficiency
10.7%
ROA: 12.1%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (APEI)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $313.1M | — | $106.9M | $24.2M | — | $1.49 | — | $56.0M | $42.2M | — |
| FY 2017 | $299.2M | -4.4% | $103.9M | $21.1M | -12.6% | $1.29 | -13.4% | $47.9M | $37.1M | -12.1% |
| FY 2018 | $297.7M | -0.5% | $182.4M | $25.6M | +21.4% | $1.54 | +19.4% | $44.2M | $34.7M | -6.3% |
| FY 2019 | $286.3M | -3.8% | $174.4M | $10.0M | -60.9% | $0.62 | -59.7% | $38.4M | $31.1M | -10.5% |
| FY 2020 | $321.8M | +12.4% | $199.6M | $18.8M | +88.0% | $1.25 | +101.6% | $44.8M | $39.9M | +28.2% |
| FY 2021 | $418.8M | +30.1% | $246.2M | $17.8M | -5.7% | $0.97 | -22.4% | $16.3M | $4.4M | -88.9% |
| FY 2022 | $606.3M | +44.8% | $317.9M | $-115.0M | -747.8% | $-6.08 | -726.8% | $29.2M | $12.8M | +189.1% |
| FY 2023 | $600.5M | -1.0% | $307.7M | $-47.3M | +58.9% | $-2.93 | +51.8% | $45.5M | $31.6M | +146.5% |
| FY 2024 | $624.6M | +4.0% | $328.9M | $16.1M | +134.1% | $0.55 | +118.8% | $48.9M | $27.8M | -12.1% |
| FY 2025 | $648.9M | +3.9% | $351.8M | $31.6M | +95.8% | $1.36 | +147.3% | $62.0M | $46.1M | +65.9% |
Valuation
Market Price
$44.74
Market Cap
$830.41M
Enterprise Value
$750.98M
P/E Ratio
32.90
P/B Ratio
2.78
FCF Yield
5.55%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
54.22%
Operating Margin
7.39%
Net Margin
4.86%
Return on Equity (ROE)
10.71%
Return on Assets (ROA)
12.15%
Asset Turnover
2.50x
Revenue 3-Yr CAGR
2.29%
Financial Health & Liquidity
Current Ratio
19.43
Cash Ratio
13.02
Debt / Equity
0.321
Debt / Assets
0.364
Cash & Equivalents
$174.09M
Total Debt
$94.67M
Book Value / Share
$16.07
Cash Flow Efficiency
Operating Cash Flow
$61.97M
Capital Expenditures (CapEx)
$15.86M
Free Cash Flow
$46.10M
OCF / Revenue
9.55%
FCF / Revenue
7.10%
FCF 3-Yr CAGR
53.18%
Per Share Metrics
EPS (Diluted)
$1.36
EPS (Basic)
$1.40
Dividends / Share
N/A
Book Value / Share
$16.07
EPS YoY Growth
147.27%
Balance Sheet (FY 2025)
Total Assets
$259.82M
Total Liabilities
$13.38M
Stockholders' Equity
$294.78M
Current Assets
$259.82M
Current Liabilities
$13.38M