American Public Education (APEI) Financials

$44.32

$-0.12 (-0.26%)

As on 17-Sep-2026 16:00EDT

Market cap

$822 Mln

Revenue (TTM)

$668 Mln

P/E Ratio

18.1

P/B Ratio

2.6

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	668.01	648.86	624.56	600.55	606.33	418.80
Cost of Revenue	303.20	313.17	295.70	292.86	288.47	172.62
Gross Profit	364.82	335.69	328.86	307.68	317.86	246.18
Operating Expenses	300.74	281.83	295.79	355.99	455.20	215.81
Operating Profit (EBIT)	64.07	53.86	33.07	-48.31	-137.35	30.37
Other Income	--	--	--	--	-0.02	-0.83
Profit before Tax	59.84	43.71	30.94	-58.00	-151.27	25.26
Provision for Tax	14.16	12.15	10.42	-10.72	-36.28	7.51
Profit after Tax (Net Income)	45.67	31.56	16.11	-47.29	-114.99	17.75
Minority Interest	--	--	--	--	--	--
Consolidated Profit	--	--	--	--	-115.04	17.75

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	314.06	294.78	303.88	291.98	349.73	415.61
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	136.73	173.60	187.07	191.42	264.77	226.32
Current Liabilities	86.96	75.05	79.16	73.99	70.76	83.68
Total Liabilities	624.70	543.43	570.10	557.39	685.25	725.61

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	255.23	283.62	309.53	340.00	499.16	522.97
Current Assets	282.52	259.82	260.57	217.38	186.09	202.64
Total Assets	624.70	543.43	570.10	557.39	685.25	725.61
Total Debt*	147.84	162.96	200.62	204.73	208.97	257.42
Net Current Assets	195.56	184.77	181.42	143.39	115.33	118.96

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	61.97	48.87	45.51	29.22	16.27
Cash Flow from Investing Activities	--	4.80	-21.08	-13.77	-13.67	-336.67
Cash from Financing Activities	--	-49.21	-13.19	-16.86	-35.71	242.34
Net Cash Inflow / Outflow	--	--	--	--	-20.17	-78.06

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	2.43	1.69	0.88	-2.64	-6.06	0.94
Cash EPS ($)	--	2.56	1.93	-0.93	-4.37	1.89
Adjusted Book Value ($)	--	15.80	16.55	16.32	18.43	22.04
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	3.32	2.66	2.54	1.54	0.86
Free Cash Flow per Share ($)	--	2.47	1.51	1.77	0.68	0.24

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	6.56	3.22	-8.96	-18.67	3.59
ROE (%)	15.00	10.54	5.41	-14.74	-30.05	4.91
ROA (%)	7.34	5.67	2.86	-7.61	-16.30	3.24
EBIT Margin (%)	10.01	7.39	5.29	-8.92	-22.02	7.05
Net Margin (%)	6.84	4.86	2.58	-7.87	-18.97	4.25
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	3.64	0.04	0.04	-0.01	0.45	0.30
EBIT Growth (%)	35.60	44.97	161.76	59.90	-552.00	15.35
Net Profit Growth (%)	59.61	95.85	134.08	58.88	-747.77	-5.68
EPS Growth (%)	55.86	0.93	1.33	0.56	-7.44	-0.25
Book Value Growth (%)	10.60	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	18.12	22.35	24.59	-3.65	-2.03	23.63
Price / Book Value	2.61	2.39	1.30	0.59	0.67	1.01
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	9.59	10.80	8.88	-10.14	-3.08	11.70
Close Price ($)	53.70	37.80	21.57	9.65	12.29	22.25
High Price ($)	61.59	39.83	23.84	13.74	24.73	39.19
Low Price ($)	27.74	18.77	9.65	3.76	7.83	18.11
Market Cap ($ Cr)	822.47	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	0.26	0.55	0.66	0.70	0.60	0.62
Short term debt to equity ratio	0.04	0.04	0.04	0.05	0.04	0.09
Current Ratio	3.25	3.46	3.29	2.94	2.63	2.42
Quick Ratio	3.25	--	--	2.57	--	2.16
Interest Coverage	17.65	11.33	15.55	-12.01	-7.53	6.91

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	5.94	10.12	10.15	8.57	7.46	9.87
Asset Turnover	1.07	1.17	1.11	0.97	0.86	0.76
Receivable days	--	36.33	33.59	29.40	26.07	25.72
Inventory Days	--	--	33.61	33.93	27.47	45.91
Payable days	--	7.39	10.20	7.78	10.96	18.25
Cash Conversion Cycle	--	--	57.00	55.55	42.59	53.37

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.