LOPENasdaqServices-Educational ServicesFiscal year ends December 31
Grand Canyon Education, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$162.11+0.53 (+0.33%)
Close on Oct 19, 2026
- Market cap
- $4.25B
- P/E (TTM)
- 19.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
24.0%−8.8 pts over 5 years
Net margin
19.5%−10.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.1% | +6.7% | +5.6% | +3.6% | |
| Operating income | -3.4% | +3.8% | -0.8% | +2.4% | |
| Net income | -4.4% | +5.4% | -3.4% | +5.1% | |
| EPS, diluted | -0.3% | +10.4% | +7.2% | +10.7% | |
| Free cash flow | -5.6% | +8.7% | -3.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 21.5% | 17.0% | 28.2% | |
| Return on assets | 15.0% | 14.6% | 21.5% | |
| Current ratio | 1.01 | 2.81 | 3.65 | |
| Debt to equity | 0.09 | 0.05 | – | |
| Net debt to EBITDA | -0.23× | -0.57× | – | |
| Interest coverage | 178.6× | 63.0× | – | |
| Capex to revenue | 20.4% | 3.5% | 3.2% | |
| Diluted shares | 47M | 47M | 28M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Grand Canyon Education generated $1.34B from operations and spent $2.16B on capital expenditure, dividends and share buybacks. 8% of that went back into the business.
Generated
$1.34B
Used
$2.16B
Capital expenditure$180.74M8%Dividends$00%Share buybacks$1.98B92%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin19.5%
×Asset turnover1.10×
×Equity multiplier1.31×
=Return on equity, FY202528.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 19.5% | 1.10× | 1.31× | 28.2% |
| FY2024 | 21.9% | 1.06× | 1.30× | 30.1% |
| FY2023 | 21.3% | 1.09× | 1.30× | 30.2% |
| FY2022 | 20.3% | 0.89× | 1.22× | 22.0% |
| FY2021 | 29.0% | 0.58× | 1.17× | 19.9% |
| FY2020 | 30.5% | 0.48× | 1.17× | 17.0% |
| FY2019 | 33.3% | 0.52× | 1.13× | 19.5% |
| FY2018 | 27.1% | 0.64× | 1.19× | 20.8% |
| FY2017 | 20.9% | 0.81× | 1.36× | 23.1% |
| FY2016 | 17.0% | 0.88× | 1.43× | 21.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$216.17M
- Cash generatingOperating cash flow above zero$273.49M
- Return on assets improvedROA up on the prior year24.3% → 21.2%
- Earnings backed by cashOperating cash flow above net income$273.49M vs $216.17M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.78 → 3.65
- No dilutionShare count did not rise29M → 28M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.11 → 1.09