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

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

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Columns are period end dates

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