Saturday 17 October 2026 Export APEI’s income statement to Excel — free account

American Public Education, Inc.

APEI Consumer Defensive Education & Training Services

American Public Education, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $648.9 million, up 3.89% from fiscal 2024. In the quarter to June 2026, revenue grew 5.51%, EPS grew 2,750.0%, free cash flow fell 78.0% and total debt fell 7.23%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

49.20 0.07 +0.14%

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Market cap: $899.2M
P/E: 19.6×
Fwd P/E: 20.9×
Dividend yield: —
F-score: 7/9
Altman Z: 3.73
Beneish M: −2.75
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	29.02	26.81	29.02	21.39
P/S ratio Full definition →		1.09	1.05	1.58	1.48
P/FCF ratio Full definition →		8.60	9.86	10.81	14.07
P/Operating CF Full definition →		32.85	(58.94)	16.43	81.24
P/B ratio Full definition →		2.55	2.31	3.40	3.14
Price to Tangible BV Full definition →		3.72	3.29	4.76	4.36
EV/Sales Full definition →		0.96	0.95	1.38	1.27
EV/EBITDA Full definition →		9.28	9.37	12.12	10.54
EV/Operating CF Full definition →		8.37	9.90	10.28	9.94
EV/FCF Full definition →		7.58	8.88	9.43	12.14
Quick Ratio Full definition →		2.68	3.27	2.78	3.02
Current Ratio Full definition →		2.84	3.46	2.98	3.25
Net Debt/EBITDA Full definition →		(7.07)	(3.50)	(5.10)	(7.86)
Debt/Assets Full definition →		17.96%	18.16%	16.41%	16.23%
Debt/Equity Full definition →		0.34	0.32	0.29	0.28
Asset Turnover Full definition →		1.20	1.19	1.18	1.24
Operating CF/Net income Full definition →		3.90	(0.92)	3.57	1.24
Capex/Depreciation Full definition →		(0.98)	(0.92)	(0.58)	(1.28)
Interest Coverage Full definition →		9.07	8.34	29.85	—
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		43.40%	41.81%	42.44%	45.19%
Intangible Assets out of Total Assets Full definition →		0.17	0.17	0.16	0.16
Share Based Compensation of Revenue Full definition →		1.00%	1.40%	1.33%	1.30%
Graham Net Nets Full definition →		0.02	0.05	0.05	0.06
Graham Number Full definition →		21.75	22.79	27.18	31.08
Earnings Yield Full definition →		3.45%	3.73%	3.45%	4.67%
Free Cash Flow Yield Full definition →		11.63%	10.14%	9.26%	7.11%
Revenue per Share Full definition →		9.03	8.79	9.56	9.35
Operating CF per Share Full definition →		1.20	(0.64)	3.46	0.66
Capex per Share Full definition →		(0.23)	(0.23)	(0.14)	(0.26)
Free Cash Flow per Share Full definition →		0.97	(0.87)	3.32	0.40
Cash per Share Full definition →		10.69	9.80	12.09	12.13
Shareholders Equity per Share Full definition →		15.46	16.37	16.75	17.10
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		15.46	16.37	16.75	17.10
Free Cash Flow Full definition →		17.52	(15.62)	60.78	7.40
Working Capital Full definition →		167.72	184.77	187.59	195.56
Capital Expenditures Full definition →		(4.19)	(4.07)	(2.53)	(4.74)
Net Current Asset Value Full definition →		13.15	33.18	50.38	58.83
EV/EBIT Full definition →		12.45	12.79	15.82	13.32
Capex to Sales Full definition →		0.03	0.03	0.01	0.03
Price to Operating Income Full definition →		14.12	14.20	18.14	15.44
Other line items
Average Receivables Full definition →		49.77	66.27	41.92	39.86
Average Payables Full definition →		9.08	6.33	7.99	7.61
Average Assets Full definition →		547.44	545.76	558.29	537.56
Average Common Equity Full definition →		265.03	279.49	288.24	293.15

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Columns are period end dates

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