Strategic Education, Inc. logo STRA - Strategic Education, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 7
SELL 3
STRONG
SELL
0
| PRICE TARGET: $87.00 DETAILS
HIGH: $95.00
LOW: $80.00
MEDIAN: $86.00
CONSENSUS: $87.00
UPSIDE: 10.83%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue
Revenue 1,268.2 1,219.9 1,132.9 1,065.5 1,131.7 1,027.7 997.1 634.2 454.9 441.1 434.4 446.0 503.6 562.0 627.4 636.7 512.0 396.3 318.0 263.6 220.5 183.2 147.0 116.7 92.9 78.2 69.8 62.9 53.1 45
Cost of Revenue 647.1 650.5 623.9 597.3 608.3 532.7 530.6 340.1 245.2 241.0 234.1 236.3 310.4 300.1 292.0 205.2 166.6 130.8 108.9 91.1 77.0 63.9 53.1 41.6 33.7 28.2 25.1 22.4 19.7 16.8
Gross Profit 621.1 569.4 509.0 468.2 523.4 495.0 466.5 294.1 209.7 200.1 200.3 209.7 193.2 261.9 335.4 431.5 345.4 265.4 209.2 172.5 143.5 119.3 93.9 75.1 59.2 50.0 44.7 40.5 33.4 28.2
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 310.8 412.2 384.4 379.8 361.3 295.2 272.4 194.0 138.0 124.8 114.3 111.3 140.1 121.9 156.3 215.7 173.0 138.6 111.6 93.0 68.7 53.9 42.8 33.9 25.7 19.1 17.2 14.3 12.7 11.2
Other Expenses 114.2 1.6 29.3 17.6 88.2 90.4 83.6 3.6 19.5 17.8 16.3 16.7 20.4 26.4 0 0 0 0 18.0 0 0 0 (1.8) 0 0 0 0 0 0 1
Operating Expenses 425.0 413.8 413.7 397.4 449.5 385.6 356.0 251.2 157.5 142.6 130.6 128.0 160.5 148.3 156.3 215.7 173.0 269.4 129.6 93.0 68.7 53.9 41.0 33.9 25.7 19.1 17.2 14.3 12.7 12.2
Operating Income
Operating Income 196.1 155.6 95.3 70.8 73.9 109.4 110.5 (22.7) 52.2 57.5 69.7 81.7 32.7 113.6 179.1 215.8 172.4 126.9 79.5 79.5 74.9 65.5 52.9 41.2 33.5 30.9 27.5 26.2 20.7 16
Interest Expense 0 0 0 0 0 1.4 0 0 0.6 0.6 3.9 5.2 5.4 4.6 3.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 2.6 3.4 0 0 0 0.3 0.1 0 0 0 1.2 1.4 4.5 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 225.8 201.7 170.4 137.1 214.0 244.7 237.3 97.5 75.3 72.3 88.2 102.4 122.7 137.6 200.8 231.6 172.4 126.9 112.6 91.1 84.5 72.5 52.9 44.8 36.1 33.0 29.4 27.9 21.9 17
EBIT 177.4 157.3 113.1 74.0 110.6 135.5 132.5 (19.1) 56.6 54.3 70.1 81.7 87.1 113.6 179.3 217.0 172.4 126.9 104.1 84.1 77.8 67.1 52.9 41.2 33.5 30.9 27.5 26.3 20.7 16
Income Before Tax 177.4 161.4 100.7 69.6 76.6 114.0 123.7 (19.1) 52.6 57.3 66.1 76.6 27.3 109.0 175.5 217.0 173.8 131.4 104.1 84.1 77.8 67.1 55.3 42.5 37.3 35.7 31.8 29.4 23.4 17
Income Tax Expense 50.8 48.7 30.9 22.9 21.5 27.7 42.6 (3.5) 32.0 22.5 26.1 30.3 10.9 43.0 69.5 85.7 68.7 50.6 39.1 31.8 29.8 25.8 21.6 16.7 14.5 14.0 12.5 11.4 9 2.7
Net Income 126.6 112.7 69.8 46.7 55.1 86.3 81.1 (15.7) 20.6 34.8 40.0 46.4 16.4 65.9 106.0 131.3 105.1 80.8 64.9 52.3 48.1 41.2 33.7 25.8 22.8 21.7 19.3 17.9 14.4 14.3
Per Share Data
EPS (Basic) 5.58 4.81 2.98 1.97 2.30 3.81 3.73 -1.03 1.93 3.28 3.78 4.39 1.55 5.79 8.91 9.78 7.67 5.77 4.56 3.69 3.32 2.91 2.67 2.14 1.62 1.42 1.25 1.15 0.96 0.56
EPS (Diluted) 5.42 4.67 2.91 1.94 2.28 3.77 3.67 -1.03 1.84 3.21 3.73 4.35 1.55 5.76 8.88 9.70 7.60 5.67 4.47 3.61 3.26 2.74 2.27 1.78 1.55 1.41 1.23 1.12 0.93 0.55
Shares Outstanding 22.2 23.4 23.4 23.7 24.0 22.6 21.7 15.2 10.7 10.6 10.6 10.6 10.6 11.4 11.9 13.4 13.7 14.0 14.2 14.2 14.5 13.7 10.7 8.6 11.0 15.3 15.4 15.6 15 16.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996
Current Assets
Cash & Cash Equivalents 140.8 137.1 168.5 213.7 268.9 187.5 419.7 311.7 155.9 129.2 64.0 56.4 97.0 82.1 49.1 57.7 25.2 12.2 18.6 15.9 11.8
Short-Term Investments 7.3 46.9 39.7 9.2 6.5 7.6 34.9 37.1 0 0 52.6 51.0 25.8 26.0 18.1 1.0 6.9 6.9 7.3 5.9 0
Net Receivables 78.2 76.1 76.1 63.0 51.6 51.6 51.5 55.7 23.1 20.5 165.1 135.0 41.7 36.0 25.8 19.0 15.3 15 11.8 10.1 8.9
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0.9
Other Current Assets 51.6 24.0 24.7 24.2 22.9 39.5 18.0 15.8 11.3 10.8 8.3 7.2 3.7 1.7 0.8 0.9 0.8 1 0.8 0.7 6.2
Total Current Assets 277.9 304.9 329.1 329.1 367.8 286.1 524.1 420.4 190.3 160.5 290.0 249.5 168.1 145.8 93.8 78.6 48.1 35.1 38.5 33.6 27.8
Non-Current Assets
Property, Plant & Equipment 198.5 214.9 237.7 258.1 300.2 279.5 201.8 122.7 73.8 73.1 84.7 66.3 41.1 35.9 36.6 23.1 19.5 16.8 13.9 8.1 7.1
Goodwill 1,242.4 1,206.9 1,251.9 1,251.3 1,285.9 1,318.5 732.1 732.5 20.7 20.7 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 249.2 245.1 251.6 260.5 276.4 326.4 273.0 328.3 7.3 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 24.0 31.2 19.4 30.4 42.5 48.6 54.6 37.7 3.4 2.8 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 46.5 46.7 35.5 32.4 33.1 36.6 3.9 (39.9) 8.6 10.4 1.8 1.0 (0.2) 0.9 9.8 8.8 51.5 46.2 44.7 36.6 12.9
Total Non-Current Assets 1,760.7 1,744.8 1,796.1 1,832.7 1,938.1 2,009.7 1,265.3 1,240.7 130.9 138.2 95.8 75.1 42.0 36.8 46.3 31.9 71.0 63 58.6 44.7 20
Total Assets 2,038.5 2,049.7 2,125.2 2,161.7 2,305.9 2,295.8 1,789.4 1,661.0 321.3 298.7 385.8 324.6 210.1 182.6 140.1 110.5 119.1 98.1 97.1 78.3 47.8
Current Liabilities
Account Payables 56.0 55.7 49.2 45.8 45.3 64.0 47.5 36.6 46.2 41.1 21.3 17.1 5.0 5.1 3.5 0.8 0.8 0.2 0.2 0.4 0.3
Short-Term Debt 15.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 89.6 92.3 88.5 73.2 60.5 39.3 38.7 21.9 16.7 149.8 114.9 0 39.1 29.9 0 0 0 0 0 0
Other Current Liabilities 146.1 38.8 35.0 32.6 27.4 33.2 33.9 35.8 0 0.1 0.3 115.2 48.1 4.4 3.3 26.3 19.3 16.3 14.1 11.8 11.9
Total Current Liabilities 217.9 216.5 209.6 209.9 195.8 200.1 156.7 125.1 69.1 59.8 184.2 136.8 55.4 51.0 37.9 28.8 21.4 16.9 15.2 13 12.2
Non-Current Liabilities
Long-Term Debt 0 0 61.4 101.4 141.6 141.8 0 (2.3) 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 35.8 27.6 28.3 34.6 44.6 53.4 47.9 59.4 (23.9) (20.7) 0 0 1.1 0.2 0.1 0 0 0.1 0.3 0.2 0.2
Other Non-Current Liabilities 9.6 5.7 8.4 9.5 12.4 11.2 10.5 19.2 19.1 29.8 11.7 11.7 5.8 98.4 95.8 149.1 0 0 0 0 0
Total Non-Current Liabilities 174.2 170.8 263.1 316.0 396.1 347.4 169.9 110.7 43.0 50.5 11.7 11.7 5.8 98.6 95.9 149.1 0 0.1 0.3 0.2 0.2
Total Liabilities 392.1 387.2 472.7 526.0 591.9 547.5 326.7 235.8 112.1 110.3 196.0 148.5 61.2 149.6 133.7 177.9 21.4 17 15.5 13.2 12.4
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0
Retained Earnings 255.5 218.4 168.9 159.7 174.6 179.6 152.8 118.3 162.0 152.8 188.2 158.8 8.0 (26.9) (52.7) (69.2) 64.1 46.2 30.3 15.9 3.9
Accumulated Other Comprehensive Income (46.1) (88.6) (34.2) (35.1) 9.2 48.9 0.2 0.0 (170.3) (157.1) 0.3 (0.1) (0.2) (0.0) 0.1 (9.4) 0.4 0.5 0.7 0.3 (3)
Total Stockholders' Equity 1,646.4 1,662.5 1,652.5 1,635.8 1,714.0 1,748.3 1,462.7 1,425.2 209.2 188.4 189.8 176.1 148.9 33.0 6.4 (67.4) 97.7 81.1 81.6 65.1 35.4
Total Liabilities & Equity 2,038.5 2,049.7 2,125.2 2,161.7 2,305.9 2,295.8 1,789.4 1,661.0 321.3 298.7 385.8 324.6 210.1 182.6 140.1 110.5 119.1 98.1 97.1 78.3 47.8
Debt Metrics
Total Debt 109.1 125.2 213.3 259.3 331.5 282.8 105.8 2.3 2.8 2.7 0 0 0 0 0 0 0 0 0 0 0
Net Debt (31.6) (11.8) 44.8 45.6 62.5 95.3 (313.9) (309.4) (153.1) (126.6) (64.0) (56.4) (97.0) (82.1) (49.1) (57.7) (25.2) (12.2) (18.6) (15.9) (11.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Operating Activities
Net Income 126.6 112.7 69.8 46.7 55.1 86.3 81.1 (15.7) 20.6 34.8 48.1 41.2 33.7 25.8 22.8 21.7 19.3 17.9 14.4 14.3
Depreciation & Amortization (0.0) 44.4 57.3 63.1 103.4 109.2 104.9 54.5 18.7 17.8 6.8 6.0 4.7 3.6 2.6 2.1 1.9 1.6 1.2 1
Stock-Based Compensation 23.0 25.6 19.8 21.8 18.1 14.6 12.2 15.5 11.6 10.8 0.0 0 0 0 0 0 0 0 0 0
Change in Working Capital (10.0) (8.0) (26.9) 4.2 (6.0) (55.2) 5.3 (10.0) 0.4 (8.7) 0.4 10.8 3.1 3.0 4.2 4.5 (1.8) 0.6 (1) 0.1
Other Non-Cash Items 50.9 (5.1) 3.5 (1.1) 17.6 1.5 6.7 18.8 (1.7) (1.5) (0.1) (0.2) 9.6 (1.3) (2.0) (0.9) (0.9) 0.1 0.1 (1.9)
Operating Cash Flow 198.2 169.3 117.1 126.1 180.5 142.9 202.1 46.9 56.2 44.5 55.1 57.7 49.3 31.7 27.8 27.3 18.3 19 12.9 13.6
Investing Activities
Capital Expenditure (44.3) (40.6) (36.9) (43.2) (49.4) (46.8) (38.7) (27.5) (18.1) (13.2) (12.3) (10.6) (6.8) (17.1) (6.3) (4.4) (4.9) (7.4) (2.3) (5.2)
Acquisitions (0.0) (0.2) (0.5) (0.8) 8.3 (628.8) (0.6) 167.9 0 (7.6) 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (28.1) (54.6) (26.9) (0.3) (1.3) (2.8) (43.1) (26.5) 0 0 (20) 0 (34) (18) 0 (14.2) (9.3) (19.7) (34.4) (16.6)
Sales/Maturities of Investments 79.1 31.0 10.3 6.4 9.3 36.2 43.8 16.4 0 0 0 0 26.1 0 50.1 9.5 9 12 12.7 5.4
Other Investing Activities 1.8 0 5.6 6.5 0 0 0.6 (1.2) 0 0 0 0 4.8 0 0 0 0.1 (0.1) 0 (0.1)
Investing Cash Flow 8.5 (64.4) (48.5) (31.4) (33.1) (642.2) (38.1) 130.1 (18.1) (20.8) (32.3) (10.6) (9.9) (35.1) 43.9 (9.1) (5.1) (15.2) (24) (16.5)
Financing Activities
Net Debt Issuance 0 (61.3) (40) (40) 0 141.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (138.9) (11.5) (10.0) (40.1) (5.9) (0.2) 0 0 0 0 (38.0) (36.8) (3.2) (0.0) (183.0) (2.0) (17.7) (2.4) 0 0
Dividends Paid (57.5) (59.0) (58.8) (59.2) (59.0) (56.0) (46.6) (27.8) (11.4) 0 (9.0) (7.3) (6.0) (7.4) (5.1) (3.8) (3.3) (2.8) (2.5) (24.6)
Other Financing Activities (9.7) (5.0) (4.8) (3.0) (2.9) (26.7) (9.2) 6.6 0 (1.4) 0 0 0.0 1.3 0.8 0 0 0 0.1 (1)
Financing Cash Flow (206.2) (136.8) (113.6) (142.4) (67.9) 279.2 (55.8) (21.2) (11.4) (1.4) (45.7) (32.1) (6.4) (6.1) (39.2) (5.2) (19.6) (1.2) 15.2 5.7
Cash Position
Net Change in Cash 2.9 (35.3) (45.5) (51.8) 77.2 (218.5) 108.3 155.8 26.7 22.4 (22.8) 14.9 33.0 (9.6) 32.5 13.0 (6.4) 2.7 4.1 5.7
Cash at Beginning 146.7 181.9 227.5 279.2 202.0 420.5 312.2 156.4 129.2 106.9 97.0 82.1 49.1 58.7 25.2 12.2 18.6 15.9 11.8 9
Cash at End 149.5 146.7 181.9 227.5 279.2 202.0 420.5 312.2 155.9 129.2 74.2 97.0 82.1 49.1 57.7 25.2 12.2 18.6 15.9 14.7
Free Cash Flow 153.9 128.8 80.2 82.9 131.1 96.1 163.5 19.3 38.1 31.3 42.9 47.1 42.4 14.6 21.6 22.9 13.4 11.6 10.6 8.4
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Income Statement
Revenue 1,268.2 1,219.9 1,132.9 1,065.5 1,131.7 1,027.7 997.1 634.2 454.9 441.1 434.4 446.0 503.6 562.0 627.4 636.7 512.0 396.3 318.0 263.6 220.5 183.2 147.0 116.7 92.9 78.2 69.8 62.9 53.1 45
Gross Profit 621.1 569.4 509.0 468.2 523.4 495.0 466.5 294.1 209.7 200.1 200.3 209.7 193.2 261.9 335.4 431.5 345.4 265.4 209.2 172.5 143.5 119.3 93.9 75.1 59.2 50.0 44.7 40.5 33.4 28.2
Operating Income 196.1 155.6 95.3 70.8 73.9 109.4 110.5 (22.7) 52.2 57.5 69.7 81.7 32.7 113.6 179.1 215.8 172.4 126.9 79.5 79.5 74.9 65.5 52.9 41.2 33.5 30.9 27.5 26.2 20.7 16
Net Income 126.6 112.7 69.8 46.7 55.1 86.3 81.1 (15.7) 20.6 34.8 40.0 46.4 16.4 65.9 106.0 131.3 105.1 80.8 64.9 52.3 48.1 41.2 33.7 25.8 22.8 21.7 19.3 17.9 14.4 14.3
EPS (Diluted) 5.42 4.67 2.91 1.94 2.28 3.77 3.67 -1.03 1.84 3.21 3.73 4.35 1.55 5.76 8.88 9.70 7.60 5.67 4.47 3.61 3.26 2.74 2.27 1.78 1.55 1.41 1.23 1.12 0.93 0.55
Balance Sheet
Cash & Equivalents 140.8 137.1 168.5 213.7 268.9 187.5 419.7 311.7 155.9 129.2 64.0 56.4 97.0 82.1 49.1 57.7 25.2 12.2 18.6 15.9 11.8
Total Assets 2,038.5 2,049.7 2,125.2 2,161.7 2,305.9 2,295.8 1,789.4 1,661.0 321.3 298.7 385.8 324.6 210.1 182.6 140.1 110.5 119.1 98.1 97.1 78.3 47.8
Total Debt 109.1 125.2 213.3 259.3 331.5 282.8 105.8 2.3 2.8 2.7 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 1,646.4 1,662.5 1,652.5 1,635.8 1,714.0 1,748.3 1,462.7 1,425.2 209.2 188.4 189.8 176.1 148.9 33.0 6.4 (67.4) 97.7 81.1 81.6 65.1 35.4
Cash Flow
Operating Cash Flow 198.2 169.3 117.1 126.1 180.5 142.9 202.1 46.9 56.2 44.5 55.1 57.7 49.3 31.7 27.8 27.3 18.3 19 12.9 13.6
Capital Expenditure (44.3) (40.6) (36.9) (43.2) (49.4) (46.8) (38.7) (27.5) (18.1) (13.2) (12.3) (10.6) (6.8) (17.1) (6.3) (4.4) (4.9) (7.4) (2.3) (5.2)
Free Cash Flow 153.9 128.8 80.2 82.9 131.1 96.1 163.5 19.3 38.1 31.3 42.9 47.1 42.4 14.6 21.6 22.9 13.4 11.6 10.6 8.4