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Stocks · Consumer discretionary · Services-Educational Services

Grand Canyon Education, Inc.

LOPE Clue Score64
United States Fiscal year ends December CIK 0001434588
$159.80 -0.31% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $159.80 +85.00% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue873.3Operating income237.2Net income148.5EPS, diluted3.15Fiscal year 2017Revenue974.1 +11.5%Operating income282.8Net income203.3 +36.9%EPS, diluted4.22 +34.0%Fiscal year 2018Revenue845.5 −13.2%Operating income258.1Net income229.0 +12.6%EPS, diluted4.73 +12.1%Fiscal year 2019Revenue778.6 −7.9%Operating income265.1Net income259.2 +13.2%EPS, diluted5.37 +13.5%Fiscal year 2020Revenue844.1 +8.4%Operating income277.4Net income257.2 −0.8%EPS, diluted5.45 +1.5%Fiscal year 2021Revenue896.6 +6.2%Operating income282.2Net income260.3 +1.2%EPS, diluted5.92 +8.6%Fiscal year 2022Revenue911.3 +1.6%Operating income237.5Net income184.7 −29.1%EPS, diluted5.73 −3.2%Fiscal year 2023Revenue960.9 +5.4%Operating income249.3Net income205.0 +11.0%EPS, diluted6.80 +18.7%Fiscal year 2024Revenue1,033.0 +7.5%Operating income275.4Net income226.2 +10.4%EPS, diluted7.73 +13.7%Fiscal year 2025Revenue1,106.1 +7.1%Operating income265.9Net income216.2 −4.4%EPS, diluted7.71 −0.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 873.3 974.1 845.5 778.6 844.1 896.6 911.3 960.9 1,033.0 1,106.1
Growth +11.5% −13.2% −7.9% +8.4% +6.2% +1.6% +5.4% +7.5% +7.1%
Operating income 237.2 282.8 258.1 265.1 277.4 282.2 237.5 249.3 275.4 265.9
Net income 148.5 203.3 229.0 259.2 257.2 260.3 184.7 205.0 226.2 216.2
Growth +36.9% +12.6% +13.2% −0.8% +1.2% −29.1% +11.0% +10.4% −4.4%
EPS, diluted 3.15 4.22 4.73 5.37 5.45 5.92 5.73 6.80 7.73 7.71
Growth +34.0% +12.1% +13.5% +1.5% +8.6% −3.2% +18.7% +13.7% −0.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin27.2%Net margin17.0%Free cash flow margin6.8%Fiscal year 2017Operating margin29.0%Net margin20.9%Free cash flow margin19.6%Fiscal year 2018Operating margin30.5%Net margin27.1%Free cash flow margin12.4%Fiscal year 2019Operating margin34.1%Net margin33.3%Free cash flow margin36.5%Fiscal year 2020Operating margin32.9%Net margin30.5%Free cash flow margin33.1%Fiscal year 2021Operating margin31.5%Net margin29.0%Free cash flow margin31.7%Fiscal year 2022Operating margin26.1%Net margin20.3%Free cash flow margin20.4%Fiscal year 2023Operating margin25.9%Net margin21.3%Free cash flow margin20.7%Fiscal year 2024Operating margin26.7%Net margin21.9%Free cash flow margin24.5%Fiscal year 2025Operating margin24.0%Net margin19.5%Free cash flow margin21.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 27.2% 29.0% 30.5% 34.1% 32.9% 31.5% 26.1% 25.9% 26.7% 24.0%
Net margin 17.0% 20.9% 27.1% 33.3% 30.5% 29.0% 20.3% 21.3% 21.9% 19.5%
Free cash flow margin 6.8% 19.6% 12.4% 36.5% 33.1% 31.7% 20.4% 20.7% 24.5% 21.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow237.8Capital expenditure−178.3Free cash flow59.5Buybacks−20.1Fiscal year 2017Operating cash flow304.9Capital expenditure−113.6Free cash flow191.3 +221.7%Buybacks−11.3Fiscal year 2018Operating cash flow199.1Capital expenditure−94.5Free cash flow104.6 −45.3%Buybacks−24.8Fiscal year 2019Operating cash flow306.3Capital expenditure−22.4Free cash flow284.0 +171.6%Buybacks−43.9Fiscal year 2020Operating cash flow308.8Capital expenditure−29.4Free cash flow279.4 −1.6%Buybacks−134.0Fiscal year 2021Operating cash flow313.1Capital expenditure−28.9Free cash flow284.2 +1.7%Buybacks−803.8Fiscal year 2022Operating cash flow220.8Capital expenditure−35.2Free cash flow185.6 −34.7%Buybacks−604.2Fiscal year 2023Operating cash flow243.7Capital expenditure−44.5Free cash flow199.1 +7.3%Buybacks−137.1Fiscal year 2024Operating cash flow290.0Capital expenditure−37.2Free cash flow252.7 +26.9%Buybacks−173.2Fiscal year 2025Operating cash flow273.5Capital expenditure−34.8Free cash flow238.6 −5.6%Buybacks−264.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 237.8 304.9 199.1 306.3 308.8 313.1 220.8 243.7 290.0 273.5
Capital expenditure −178.3 −113.6 −94.5 −22.4 −29.4 −28.9 −35.2 −44.5 −37.2 −34.8
Free cash flow 59.5 191.3 104.6 284.0 279.4 284.2 185.6 199.1 252.7 238.6
Growth +221.7% −45.3% +171.6% −1.6% +1.7% −34.7% +7.3% +26.9% −5.6%
Buybacks −20.1 −11.3 −24.8 −43.9 −134.0 −803.8 −604.2 −137.1 −173.2 −264.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash46.0Shareholders’ equity773.7Fiscal year 2017Cash153.5Shareholders’ equity986.0Fiscal year 2018Cash120.3Shareholders’ equity1,213.6Fiscal year 2019Cash122.3Total debt140.9Net cash (debt)−18.6Shareholders’ equity1,443.4Debt to equity0.10Fiscal year 2020Cash245.8Total debt107.8Net cash (debt)138.0Shareholders’ equity1,574.3Debt to equity0.07Fiscal year 2021Cash600.9Shareholders’ equity1,045.0Fiscal year 2022Cash120.4Shareholders’ equity637.6Fiscal year 2023Cash146.5Shareholders’ equity718.0Fiscal year 2024Cash324.6Shareholders’ equity783.9Fiscal year 2025Cash111.8Shareholders’ equity746.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 46.0 153.5 120.3 122.3 245.8 600.9 120.4 146.5 324.6 111.8
Total debt n/a n/a n/a 140.9 107.8 n/a n/a n/a n/a n/a
Net cash (debt) n/a n/a n/a −18.6 138.0 n/a n/a n/a n/a n/a
Shareholders’ equity 773.7 986.0 1,213.6 1,443.4 1,574.3 1,045.0 637.6 718.0 783.9 746.9
Debt to equity n/a n/a n/a 0.10 0.07 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
873.3 974.1 845.5 778.6 844.1 896.6 911.3 960.9 1,033.0 1,106.1
Growth +11.5% −13.2% −7.9% +8.4% +6.2% +1.6% +5.4% +7.5% +7.1%
28.1 27.2 30.0 44.3 43.4 41.8 45.5 43.2 46.3 47.4
237.2 282.8 258.1 265.1 277.4 282.2 237.5 249.3 275.4 265.9
Growth +19.2% −8.7% +2.7% +4.6% +1.7% −15.8% +4.9% +10.5% −3.4%
236.1 283.5 287.0 317.5 333.1 331.3 240.1 259.7 291.3 279.9
87.6 80.2 58.0 58.3 75.9 70.9 55.4 54.7 65.1 63.7
148.5 203.3 229.0 259.2 257.2 260.3 184.7 205.0 226.2 216.2
Growth +36.9% +12.6% +13.2% −0.8% +1.2% −29.1% +11.0% +10.4% −4.4%
Per share
3.22 4.31 4.81 5.42 5.49 5.94 5.75 6.83 7.77 7.76
3.15 4.22 4.73 5.37 5.45 5.92 5.73 6.80 7.73 7.71
Growth +34.0% +12.1% +13.5% +1.5% +8.6% −3.2% +18.7% +13.7% −0.3%
46.1 47.1 47.6 47.8 46.9 43.8 32.1 30.0 29.1 27.9
47.1 48.2 48.4 48.3 47.2 44.0 32.2 30.1 29.3 28.0
Growth +2.4% +0.4% −0.3% −2.3% −6.8% −26.7% −6.5% −2.9% −4.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.6% a year over five years, and earnings per share grew 7.2% a year.
  • The diluted share count fell 40.6% in five years, so buybacks did some of the work per share.
  • Operating margin is down 8.8 points on five years ago, at 24.0%.
  • Profitable in every one of the 10 years on file.