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Stocks · Consumer discretionary · Services-Educational Services

Strategic Education, Inc.

STRA Clue Score72
United States Fiscal year ends December CIK 0001013934
$82.39 +0.00% Close, 9 Oct 2026
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Price $82.39 +19.10% 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 2016Revenue441.1Operating income57.5Net income34.8EPS, diluted3.21Fiscal year 2017Revenue454.9 +3.1%Operating income52.2Net income20.6 −40.8%EPS, diluted1.84 −42.7%Fiscal year 2018Revenue634.2 +39.4%Operating income−22.7Net income−15.7 −176.0%EPS, diluted−1.03 −156.0%Fiscal year 2019Revenue997.1 +57.2%Operating income110.5Net income81.1EPS, diluted3.67Fiscal year 2020Revenue1,027.7 +3.1%Operating income109.4Net income86.3 +6.3%EPS, diluted3.77 +2.7%Fiscal year 2021Revenue1,131.7 +10.1%Operating income73.9Net income55.1 −36.1%EPS, diluted2.28 −39.5%Fiscal year 2022Revenue1,065.5 −5.9%Operating income70.8Net income46.7 −15.3%EPS, diluted1.94 −14.9%Fiscal year 2023Revenue1,132.9 +6.3%Operating income95.3Net income69.8 +49.5%EPS, diluted2.91 +50.0%Fiscal year 2024Revenue1,219.9 +7.7%Operating income155.6Net income112.7 +61.5%EPS, diluted4.67 +60.5%Fiscal year 2025Revenue1,268.2 +4.0%Operating income174.2Net income126.6 +12.4%EPS, diluted5.41 +15.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 441.1 454.9 634.2 997.1 1,027.7 1,131.7 1,065.5 1,132.9 1,219.9 1,268.2
Growth +3.1% +39.4% +57.2% +3.1% +10.1% −5.9% +6.3% +7.7% +4.0%
Operating income 57.5 52.2 −22.7 110.5 109.4 73.9 70.8 95.3 155.6 174.2
Net income 34.8 20.6 −15.7 81.1 86.3 55.1 46.7 69.8 112.7 126.6
Growth −40.8% −176.0% +6.3% −36.1% −15.3% +49.5% +61.5% +12.4%
EPS, diluted 3.21 1.84 −1.03 3.67 3.77 2.28 1.94 2.91 4.67 5.41
Growth −42.7% −156.0% +2.7% −39.5% −14.9% +50.0% +60.5% +15.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin13.0%Net margin7.9%Free cash flow margin7.1%Fiscal year 2017Operating margin11.5%Net margin4.5%Free cash flow margin8.4%Fiscal year 2018Operating margin−3.6%Net margin−2.5%Free cash flow margin3.0%Fiscal year 2019Operating margin11.1%Net margin8.1%Free cash flow margin16.4%Fiscal year 2020Operating margin10.6%Net margin8.4%Free cash flow margin9.4%Fiscal year 2021Operating margin6.5%Net margin4.9%Free cash flow margin11.6%Fiscal year 2022Operating margin6.6%Net margin4.4%Free cash flow margin7.8%Fiscal year 2023Operating margin8.4%Net margin6.2%Free cash flow margin7.1%Fiscal year 2024Operating margin12.8%Net margin9.2%Free cash flow margin10.6%Fiscal year 2025Operating margin13.7%Net margin10.0%Free cash flow margin12.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 13.0% 11.5% −3.6% 11.1% 10.6% 6.5% 6.6% 8.4% 12.8% 13.7%
Net margin 7.9% 4.5% −2.5% 8.1% 8.4% 4.9% 4.4% 6.2% 9.2% 10.0%
Free cash flow margin 7.1% 8.4% 3.0% 16.4% 9.4% 11.6% 7.8% 7.1% 10.6% 12.1%

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 flow44.5Capital expenditure−13.2Free cash flow31.4Fiscal year 2017Operating cash flow56.2Capital expenditure−18.1Free cash flow38.1 +21.5%Dividends paid−11.4Fiscal year 2018Operating cash flow46.9Capital expenditure−27.5Free cash flow19.3 −49.3%Buybacks0.0Dividends paid−27.8Fiscal year 2019Operating cash flow202.1Capital expenditure−38.7Free cash flow163.5 +746.1%Buybacks0.0Dividends paid−46.6Fiscal year 2020Operating cash flow142.9Capital expenditure−46.8Free cash flow96.1 −41.2%Buybacks−0.2Dividends paid−56.0Fiscal year 2021Operating cash flow180.5Capital expenditure−49.4Free cash flow131.1 +36.4%Buybacks−5.9Dividends paid−59.0Fiscal year 2022Operating cash flow126.1Capital expenditure−43.2Free cash flow82.9 −36.8%Buybacks−40.1Dividends paid−59.2Fiscal year 2023Operating cash flow117.1Capital expenditure−36.9Free cash flow80.2 −3.3%Buybacks−10.0Dividends paid−58.8Fiscal year 2024Operating cash flow169.3Capital expenditure−40.6Free cash flow128.8 +60.6%Buybacks−11.5Dividends paid−59.0Fiscal year 2025Operating cash flow198.2Capital expenditure−44.3Free cash flow153.9 +19.6%Buybacks−138.9Dividends paid−57.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 44.5 56.2 46.9 202.1 142.9 180.5 126.1 117.1 169.3 198.2
Capital expenditure −13.2 −18.1 −27.5 −38.7 −46.8 −49.4 −43.2 −36.9 −40.6 −44.3
Free cash flow 31.4 38.1 19.3 163.5 96.1 131.1 82.9 80.2 128.8 153.9
Growth +21.5% −49.3% +746.1% −41.2% +36.4% −36.8% −3.3% +60.6% +19.6%
Buybacks n/a n/a 0.0 0.0 −0.2 −5.9 −40.1 −10.0 −11.5 −138.9
Dividends paid n/a −11.4 −27.8 −46.6 −56.0 −59.0 −59.2 −58.8 −59.0 −57.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash129.2Shareholders’ equity188.4Fiscal year 2017Cash155.9Shareholders’ equity209.2Fiscal year 2018Cash311.7Shareholders’ equity1,425.2Fiscal year 2019Cash419.7Total debt0.0Net cash (debt)419.7Shareholders’ equity1,462.7Debt to equity0.00Fiscal year 2020Cash187.5Total debt141.8Net cash (debt)45.7Shareholders’ equity1,748.3Debt to equity0.08Fiscal year 2021Cash268.9Total debt141.6Net cash (debt)127.3Shareholders’ equity1,714.0Debt to equity0.08Fiscal year 2022Cash213.7Total debt101.4Net cash (debt)112.3Shareholders’ equity1,635.8Debt to equity0.06Fiscal year 2023Cash168.5Total debt61.4Net cash (debt)107.1Shareholders’ equity1,652.5Debt to equity0.04Fiscal year 2024Cash137.1Total debt0.0Net cash (debt)137.1Shareholders’ equity1,662.5Debt to equity0.00Fiscal year 2025Cash140.8Shareholders’ equity1,646.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 129.2 155.9 311.7 419.7 187.5 268.9 213.7 168.5 137.1 140.8
Total debt n/a n/a n/a 0.0 141.8 141.6 101.4 61.4 0.0 n/a
Net cash (debt) n/a n/a n/a 419.7 45.7 127.3 112.3 107.1 137.1 n/a
Shareholders’ equity 188.4 209.2 1,425.2 1,462.7 1,748.3 1,714.0 1,635.8 1,652.5 1,662.5 1,646.4
Debt to equity n/a n/a n/a 0.00 0.08 0.08 0.06 0.04 0.00 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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
13.0% 11.5% −3.6% 11.1% 10.6% 6.5% 6.6% 8.4% 12.8% 13.7%
13.0% 11.6% −3.0% 12.4% 11.1% 6.8% 6.5% 8.9% 13.2% 14.0%
7.9% 4.5% −2.5% 8.1% 8.4% 4.9% 4.4% 6.2% 9.2% 10.0%
7.1% 8.4% 3.0% 16.4% 9.4% 11.6% 7.8% 7.1% 10.6% 12.1%
Spending
10.9% 28.4% 30.6% 27.3% 28.7% 31.9% 35.6% 33.9% 33.8% 33.5%
3.0% 4.0% 4.3% 3.9% 4.6% 4.4% 4.1% 3.3% 3.3% 3.5%
39.3% 60.8% n/a 34.4% 24.3% 28.1% 32.9% 30.7% 30.2% 28.6%
Returns
18.5% 9.9% −1.1% 5.5% 4.9% 3.2% 2.9% 4.2% 6.8% 7.7%
11.7% 6.4% −0.9% 4.5% 3.8% 2.4% 2.2% 3.3% 5.5% 6.2%
Balance and payout
n/a n/a n/a 0.00 0.08 0.08 0.06 0.04 0.00 n/a
36.9% 34.9% 14.2% 18.3% 23.8% 25.7% 24.3% 22.2% 18.9% 19.2%
n/a 55.4% n/a 57.5% 64.9% 107.2% 126.9% 84.2% 52.3% 45.4%
n/a 30.0% 144.1% 28.5% 58.5% 49.5% 119.9% 85.8% 54.7% 127.6%