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Covista vs Strategic Education: CVSA and STRA compared
Covista is the larger company: $512M of revenue in its latest quarter (Q1 FY27) against $325M for Strategic Education (Q3 2026). Covista is growing faster (+11% against +2% a year earlier). Covista is more profitable, with an operating margin of 19.2% against -26.9%.
Where the money goes: CVSA and STRA
Covista (CVSA) · Q1 FY27
Covista, Q1 FY27: revenue $512M (+11% year over year), operating margin 19.2%, net earnings $67.4M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
Strategic Education (STRA) · Q3 2026
Strategic Education, Q3 2026: revenue $325M (+2% year over year), operating margin -26.9%, net loss $98.3M, operating cash flow $56.9M. The chart follows the revenue to costs, profit and cash.
| Covista (CVSA) | Strategic Education (STRA) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $512M | $325M |
| Revenue growth, Y/Y | +11% | +2% |
| Operating margin | 19.2% | -26.9% |
| Net earnings | $67.4M | −$98.3M |
| Net margin | 13.2% | -30.2% |
| Operating cash flow | $114M | $56.9M |
| Free cash flow | $76.4M | $44.3M |
| Market value | $3.8B | $1.6B |
| P/E | 15.1× | 11.8× |
| Analysts’ mean target | $159.00 | $96.67 |
Where the revenue comes from
Covista
- Walden: $217M (42%)
- Chamberlain: $192M (38%)
- Medical and Veterinary: $102M (20%)
Strategic Education
- U.S. Higher Education: $214M (66%)
- Australia / New Zealand: $68.6M (21%)
- Education Technology Services: $42.8M (13%)
Questions
Which is bigger, Covista or Strategic Education?
Covista is the larger company: $512M of revenue in its latest quarter (Q1 FY27) against $325M for Strategic Education (Q3 2026).
Is Covista or Strategic Education growing faster?
Covista is growing faster (+11% against +2% a year earlier).
Which is more profitable, Covista or Strategic Education?
Covista is more profitable, with an operating margin of 19.2% against -26.9%.
More: Covista earnings · how Covista makes money · Strategic Education earnings · how Strategic Education makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.