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Grand Canyon Education, Inc.

LOPE Consumer Defensive Education & Training Services

Grand Canyon Education, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 7.07% from fiscal 2024.

Revenue
+2.38%
EPS
+183.1%
Free cash flow
+38.2%

Quarter to September 2026, against a year earlier

121.86 28.81 −19.12%
Market cap
$3.2B
P/E
13.0×
Fwd P/E
16.3×
Dividend yield
—
F-score
7/9
Altman Z
17.47
Beneish M
−2.73
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.89%

Capital & Financial Ratios $m

Size
Market Cap 3,190.00
Revenue ttm 1,148.27
Net income ttm 250.95
Free cash flow ttm 264.85
Net debt Q (162.14)
Valuation
P/E 12.96
Forward P/E 16.30
Price / sales 2.73
Forward P/S Powerpack
Price / FCF 11.82
Price / book 4.90
Financial health
Current ratio Q 2.64 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 21,359.50
Growth
Revenue growth Q +2.38% (above 0%: growing)
Operating income growth Q +185.62% (above 0%: growing)
EPS, this year +11.05%
EPS, next year A +9.45%
Revenue, next year A +5.60%
EPS, past 5 yrs +7.18%
EPS, next 5 yrs A +10.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.6×, against a ten-year median of 4.1×; over the ten years it ranged from 2.1× in 2016 to 8.7× in 2019.
P/E against its own 10 years 1.98%
10-year low 10-year high
P/S against its own 10 years 7.96%
10-year low 10-year high
P/B against its own 10 years 57.72%
10-year low 10-year high
EV/Sales against its own 10 years 7.96%
10-year low 10-year high
EV/FCF against its own 10 years 6.77%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 245 325 300 162
Receivables 80 83 87 —
Inventory — — — —
Other 13 12 13 12
338 420 400 298
2023 2024 2025 Q'26
Payables 18 27 24 19
ST’ Debt — — — —
Other — — — —
97 111 110 113

Compound Annual Growth %

10y 5y 3y
Sales 3.58% 5.55% 6.67%
Cash Flow 3.98% (2.40%) 7.39%
Earnings 5.10% (3.42%) 5.39%
Book Value 2.04% (13.85%) 5.42%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.77 Actual 1.77

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.19 3.21 Beat by 0.02
Q1 FY26 2.78 2.86 Beat by 0.08
Q2 FY26 1.69 1.81 Beat by 0.12
Q3 FY26 1.77 1.77 Met by 0.00
Q4 FY26 3.81 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 2.80 1.75 1.67 — —
’25 2.52 1.48 0.58 3.14 7.71
’24 2.29 1.19 1.42 2.84 7.73
’23 1.94 0.96 1.19 2.71 6.80
’22 1.66 0.80 0.96 2.30 5.73
’21 1.69 1.09 1.08 2.15 5.92
’20 1.49 1.00 1.11 1.86 5.45
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 309 264 267 — —
’25 289 247 261 308 1,106
’24 275 227 238 293 1,033
’23 250 211 222 278 961
’22 244 200 209 259 911
’21 237 201 207 251 897
’20 222 186 198 238 844
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 88 109 (25) — —
’25 68 124 (49) 130 273
’24 85 99 (29) 136 290
’23 63 94 (30) 116 244
’22 70 76 (36) 110 221
’21 90 121 (1) 104 313
’20 86 135 (41) 129 309
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 80 98 (36) — —
’25 59 115 (58) 123 239
’24 76 90 (39) 126 253
’23 54 85 (46) 106 199
’22 63 67 (47) 101 186
’21 81 114 183 (93) 284
’20 80 129 24 46 279
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 873 974 846 779 844 897 911 961 1,033 1,106 1,148 +2.7% 1,168 1,240 1,311 +5.8%
Gross margin, % 75.48 76.35 70.64 59.66 58.47 57.48 53.49 52.42 52.70 53.19 0.00 (22.3) pt
EBT 236 284 287 318 333 331 240 260 291 280 325 +1.9%
EBT margin, % 27.04 29.11 33.94 40.78 39.47 36.95 26.35 27.02 28.20 25.30 28.29 (1.7) pt
Net income 149 203 229 259 257 260 185 205 226 216 251 +4.3%
Per share, $
Per share, $ Revenue 18.95 20.66 17.76 16.28 18.01 20.45 28.36 32.04 35.49 39.70 44.68 +8.6%
Earnings 3.22 4.31 4.81 5.42 5.49 5.94 5.75 6.83 7.77 7.76 9.40 +10.3%
Cash flow 5.16 6.47 4.18 6.41 6.59 7.14 6.87 8.12 9.96 9.82 11.75 +7.4%
Capex (5.19) (2.63) (1.99) (0.47) (0.63) (0.66) (1.10) (1.48) (1.28) (1.25) (1.45) (14.6%)
Free cash flow (0.03) 3.84 2.19 5.94 5.96 6.48 5.78 6.64 8.68 8.57 10.31 n/m
Book value 16.79 20.92 25.49 30.19 33.58 23.84 19.84 23.94 26.93 26.81 24.88 +5.3%
Shares, m 46 47 48 48 47 44 32 30 29 28 27 (5.4%)
Valuation, ×
Valuation, × P/E 18.13 20.68 19.99 17.64 16.99 14.24 18.57 19.26 21.03 21.43 12.96 18.8
P/S 3.08 4.32 5.41 5.88 5.17 4.19 3.76 4.12 4.61 4.19 2.73 4.5
P/B 3.48 4.27 3.77 3.17 2.77 3.60 5.38 5.51 6.08 6.20 4.90 4.4
EV/Sales 2.94 4.04 5.14 5.84 4.96 3.59 3.63 3.92 4.36 3.97 2.64 4.2
EV/FCF (2,037.71) 21.74 41.73 16.00 14.97 11.31 17.82 18.93 17.81 18.40 11.43 (185.9)
Cash, $m
Cash, $m Operating cash flow 238 305 199 306 309 313 221 244 290 273 302 +1.6%
Capex (239) (124) (95) (22) (29) (29) (35) (45) (37) (35) (37) (19.3%)
Free cash flow (1) 181 104 284 279 284 186 199 253 239 265 n/m
Balance, $m
Balance, $m Working capital 3 137 229 113 215 583 174 240 309 290 185 +64.6%
Net debt (127) (277) (228) (36) (182) (601) (182) (245) (325) (300) (162) +10.0%
Shareholders’ equity 774 986 1,214 1,443 1,574 1,045 638 718 784 747 639 (0.4%)
Returns, %
Returns, % ROA 14.97 16.97 17.43 17.20 14.55 16.98 17.97 23.25 23.22 21.50 26.04 +6.5 pt
ROIC 22.92 24.94 16.36 11.78 12.45 39.71 32.56 32.90 37.48 37.19 41.01 +14.3 pt
ROE 21.46 23.11 20.82 19.51 17.05 19.88 21.95 30.24 30.13 28.24 35.91 +6.8 pt
People
People Employees 3,850 10,000 3,500 4,350 4,625 4,955 5,500 5,800 5,830 — — +5.3%
Revenue/emp, $m 0.23 0.10 0.24 0.18 0.18 0.18 0.17 0.17 0.18 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Grand Canyon Education, Inc. vs peers in Education & Training Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EDU New Oriental Education & Technology Group, Inc. $8.4B 16.3× 12.7× +23.08% (above 0%: growing) +20.20% (above 0%: growing) +1.60% (above 0%: growing) 56.42% 19.99% Compare
LAUR Laureate Education $4.5B 12.1× 15.8× +21.20% (above 0%: growing) +220.83% (above 0%: growing) +2.65% (above 0%: growing) 27.15% 24.56% Compare
CVSA Covista Inc. $3.8B 15.2× 14.6× +10.65% (above 0%: growing) +16.14% (above 0%: growing) −33.25% (below 0%: shrinking) 56.84% 19.16% Compare
XXI Twenty One Capital, Inc. $3.5B — (loss-making) — — n/m −7,925,300.00% (below 0%: shrinking) — 0.00% Compare
TAL TAL Education Group $3.4B 7.6× 9.5× +15.48% (above 0%: growing) n/m −208.23% (below 0%: shrinking) 59.78% 23.71% Compare
LOPE Grand Canyon Education, Inc. $3.2B 13.0× 16.3× +2.38% (above 0%: growing) +183.05% (above 0%: growing) +38.23% (above 0%: growing) 0.00% 19.25%
LRN Stride, Inc. $3.2B 9.5× 9.7× +2.98% (above 0%: growing) −1.26% (below 0%: shrinking) +31.36% (above 0%: growing) 37.71% 13.18% Compare
MH McGraw Hill, Inc. $2.2B 29.6× 13.6× −5.53% (below 0%: shrinking) −21.05% (below 0%: shrinking) −56.14% (below 0%: shrinking) 79.16% 22.31% Compare
PRDO Perdoceo Education Corporation $1.7B 9.2× 10.1× +1.88% (above 0%: growing) +14.52% (above 0%: growing) +97.05% (above 0%: growing) 0.00% 25.52% Compare
Median of peers $3.4B 12.1× 12.7× +10.65% +15.33% −15.82% 56.42% 21.15%

All 44 Education & Training Services stocks →

Pay and ownership Proxy statement filed 23 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.02m 2.23m 178.62
2024 2.01m 3.17m 175.92
2023 2.02m 3.09m 141.81
2022 2.00m 2.92m 113.48
2021 1.84m 1.86m 92.05

Ownership

Directors and executive officers, together 2.10%
BlackRock, Inc. 9.70%
FMR LLC 6.70%
Riverbridge Partners LLC 5.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Grand Canyon Education, Inc. (LOPE) Latest News

5 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript

4 Nov

Impact 3 · · MarketBeat transcript
Impact 3 · · PR Newswire

24 Oct

Impact 4 · · MarketBeat

22 Oct

Impact 3 · · Zacks

22 Sep

Impact 3 · · Simply Wall St.

3 Aug

Impact 3 · · The Motley Fool transcript

31 Jul

Impact 4 · transcript
Impact 3 · · MarketBeat transcript

30 Jul

Impact 3 · · The Motley Fool transcript
Impact 3 ·

5 Jun

Impact 4 · · Simply Wall St.

8 May

Impact 3 ·
Impact 3 · · Simply Wall St.

5 May

Impact 4 · · Simply Wall St.

2 May

Impact 4 · · StockStory

1 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · GuruFocus.com

30 Apr

Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · Zacks
Impact 4 · · PR Newswire

29 Apr

Impact 3 · · StockStory

11 Mar

Impact 3 · · StockStory

25 Feb

Impact 3 · · StockStory

23 Feb

Impact 4 · · Simply Wall St.

19 Feb

Impact 4 · · StockStory
Impact 4 · · Moby
Impact 4 · · GuruFocus.com

LOPE metrics, ten years each

stockrow.com/LOPE · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com