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

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. In the quarter to June 2026, revenue grew 6.69%, EPS grew 18.2% and free cash flow fell 15.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

161.58 0.15 +0.09%

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Market cap: $4.2B
P/E: 19.4×
Fwd P/E: 16.3×
Dividend yield: —
F-score: 7/9
Altman Z: 17.47
Beneish M: −2.73
Dividend safety: n/a

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

Insider Decisions trades per month

Total sells 0.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.65%

Capital & Financial Ratios $m

Market Cap 4,210.00

Revenue 1,142.07

Net Income 224.21

Free Cash Flow 242.56

Net Debt (274.53)

Current Ratio 2.82

Debt/Equity 0.00

P/E ratio 19.42

Fwd P/E 16.30

P/S ratio 3.70

P/B ratio 6.31

Past 5Y EPS Growth 7.18%

This Y EPS Growth 12.47%

Next Y EPS Growth 10.75%

Next Y revenue growth 5.60%

Next 5Y EPS Growth 10.80%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 54.55%

10-year low 10-year high

P/S against its own 10 years 24.47%

10-year low 10-year high

P/B against its own 10 years 90.86%

10-year low 10-year high

EV/Sales against its own 10 years 24.03%

10-year low 10-year high

EV/FCF against its own 10 years 38.61%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	245	325	300	275
Receivables	80	83	87	42
Inventory	—	—	—	—
Other	13	12	13	15
	338	420	400	331

	2023	2024	2025	Q'26
Payables	18	27	24	17
ST’ Debt	—	—	—	—
Other	—	—	—	—
	97	111	110	118

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	309	264	—	—	—
’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	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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.80	1.75	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	31.12	56.52	85.14	76.48	57.89	70.00	72.00	99.65	118.48	149.83	Analyst estimates 2026–2028 Powerpack
	High	61.80	96.15	130.10	132.72	106.14	115.96	114.34	144.94	173.37	223.04
People
People	Employees	3,850	10,000	3,500	4,350	4,625	4,955	5,500	5,800	5,830	—
	Revenue/emp, $m	0.23	0.10	0.24	0.18	0.18	0.18	0.17	0.17	0.18	0.00
Income, $m
Income, $m	Revenue	873	974	846	779	844	897	911	961	1,033	1,106
	Gross margin, %	75.48	76.35	70.64	59.66	58.47	57.48	53.49	52.42	52.70	53.19
	EBT	236	284	287	318	333	331	240	260	291	280
	EBT margin, %	27.04	29.11	33.94	40.78	39.47	36.95	26.35	27.02	28.20	25.30
	Net income	149	203	229	259	257	260	185	205	226	216
	Depreciation	46	54	36	27	30	30	31	32	37	40
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
	Earnings	3.22	4.31	4.81	5.42	5.49	5.94	5.75	6.83	7.77	7.76
	Cash flow	5.16	6.47	4.18	6.41	6.59	7.14	6.87	8.12	9.96	9.82
	Capex	(5.19)	(2.63)	(1.99)	(0.47)	(0.63)	(0.66)	(1.10)	(1.48)	(1.28)	(1.25)
	Free cash flow	(0.03)	3.84	2.19	5.94	5.96	6.48	5.78	6.64	8.68	8.57
	Book value	16.79	20.92	25.49	30.19	33.58	23.84	19.84	23.94	26.93	26.81
	Shares, m	46	47	48	48	47	44	32	30	29	28
Valuation, ×
Valuation, ×	P/E	18.13	20.68	19.99	17.64	16.99	14.24	18.57	19.26	21.03	21.43
	P/S	3.08	4.32	5.41	5.88	5.17	4.19	3.76	4.12	4.61	4.19
	P/B	3.48	4.27	3.77	3.17	2.77	3.60	5.38	5.51	6.08	6.20
	EV/Sales	2.94	4.04	5.14	5.84	4.96	3.59	3.63	3.92	4.36	3.97
	EV/FCF	(2,037.71)	21.74	41.73	16.00	14.97	11.31	17.82	18.93	17.81	18.40
Cash, $m
Cash, $m	Operating cash flow	238	305	199	306	309	313	221	244	290	273
	Capex	(239)	(124)	(95)	(22)	(29)	(29)	(35)	(45)	(37)	(35)
	Free cash flow	(1)	181	104	284	279	284	186	199	253	239
Balance, $m
Balance, $m	Working capital	3	137	229	113	215	583	174	240	309	290
	Total debt	67	60	23	108	75	54	69	—	—	—
	Net debt	(127)	(277)	(228)	(36)	(182)	(601)	(182)	(245)	(325)	(300)
	Shareholders’ equity	774	986	1,214	1,443	1,574	1,045	638	718	784	747
Returns, %
Returns, %	ROA	14.97	16.97	17.43	17.20	14.55	16.98	17.97	23.25	23.22	21.50
	ROIC	22.92	24.94	16.36	11.78	12.45	39.71	32.56	32.90	37.48	37.19
	ROE	21.46	23.11	20.82	19.51	17.05	19.88	21.95	30.24	30.13	28.24

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	20.2×	11.4×	+23.04% (above 0%: growing)	+900.00% (above 0%: growing)	+72.87% (above 0%: growing)	53.10%	5.61%	Compare
LAUR Laureate Education	$5.4B	17.2×	15.8×	+17.50% (above 0%: growing)	+50.77% (above 0%: growing)	+37.68% (above 0%: growing)	38.59%	36.28%	Compare
GHC Graham Holdings Company	$5.1B	9.6×	15.5×	+7.13% (above 0%: growing)	+677.34% (above 0%: growing)	−58.54% (below 0%: shrinking)	30.10%	6.42%	Compare
CVSA Covista Inc.	$4.3B	17.7×	15.0×	+9.69% (above 0%: growing)	+40.67% (above 0%: growing)	+102.24% (above 0%: growing)	56.77%	19.04%	Compare
LOPE Grand Canyon Education, Inc.	$4.2B	19.4×	16.3×	+6.69% (above 0%: growing)	+18.24% (above 0%: growing)	−15.15% (below 0%: shrinking)	49.36%	22.02%
TAL TAL Education Group	$4.2B	7.3×	12.0×	+31.89% (above 0%: growing)	+1,380.00% (above 0%: growing)	+37.51% (above 0%: growing)	57.78%	18.09%	Compare
LRN Stride, Inc.	$3.5B	10.4×	13.4×	−2.69% (below 0%: shrinking)	+62.18% (above 0%: growing)	+3.70% (above 0%: growing)	34.16%	16.64%	Compare
MH McGraw Hill, Inc.	$2.7B	27.7×	15.6×	+2.65% (above 0%: growing)	+9,900.00% (above 0%: growing)	+57.50% (above 0%: growing)	79.87%	20.78%	Compare
PRDO Perdoceo Education Corporation	$2.1B	12.0×	11.7×	+1.80% (above 0%: growing)	+22.22% (above 0%: growing)	−3.87% (below 0%: shrinking)	76.15%	25.72%	Compare
Median of peers	$4.3B	14.6×	14.2×	+8.41%	+369.76%	+37.60%	54.94%	18.57%

All 46 Education & Training Services stocks →

Grand Canyon Education, Inc. (LOPE) key facts

Concern: Net income was $216.2 million, or $7.76 per share (basic), a net margin of 19.5%.
Strength: Grand Canyon Education, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 7.07% from fiscal 2024.
Grand Canyon Education, Inc. (LOPE) is an Education & Training Services company in the Consumer Defensive sector, listed on Nasdaq.
As of October 16, 2026, LOPE traded at $161.58, a market capitalization of $4.2 billion.
At that price the stock trades at 19.4× trailing-twelve-month earnings and 3.7× sales; its P/E is higher than 55% of its own readings over the past ten years.
Return on equity was 28.2% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 17.47 (safe zone) for fiscal 2025.