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Perdoceo Education vs American Public Education: PRDO and APEI compared
Perdoceo Education is the larger company: $216M of revenue in its latest quarter (Q3 2026) against $172M for American Public Education (Q2 2026). American Public Education is growing faster (+6% against +2% a year earlier). Perdoceo Education is more profitable, with an operating margin of 25.5% against 7.9%.
Where the money goes: PRDO and APEI
Perdoceo Education (PRDO) · Q3 2026
Perdoceo Education, Q3 2026: revenue $216M (+2% year over year), operating margin 25.5%, net earnings $44.4M, operating cash flow $79.7M. The chart follows the revenue to costs, profit and cash.
American Public Education (APEI) · Q2 2026
American Public Education, Q2 2026: revenue $172M (+6% year over year), operating margin 7.9%, net earnings $9.8M, operating cash flow $12.1M. The chart follows the revenue to costs, profit and cash.
| Perdoceo Education (PRDO) | American Public Education (APEI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $216M | $172M |
| Revenue growth, Y/Y | +2% | +6% |
| Operating margin | 25.5% | 7.9% |
| Net earnings | $44.4M | $9.8M |
| Net margin | 20.6% | 5.7% |
| Operating cash flow | $79.7M | $12.1M |
| Free cash flow | $77.6M | $7.4M |
Where the revenue comes from
Perdoceo Education
- Tuition and Fees Net: $215M (99%)
- Product and Service Other: $1.1M (1%)
American Public Education
- Instructional services, net of grants and scholarships: $156M (91%)
- Textbook and other course materials: $13.1M (8%)
- Graduation fees: $1.2M (1%)
- Other fees: $1.2M (1%)
Questions
Which is bigger, Perdoceo Education or American Public Education?
Perdoceo Education is the larger company: $216M of revenue in its latest quarter (Q3 2026) against $172M for American Public Education (Q2 2026).
Is Perdoceo Education or American Public Education growing faster?
American Public Education is growing faster (+6% against +2% a year earlier).
Which is more profitable, Perdoceo Education or American Public Education?
Perdoceo Education is more profitable, with an operating margin of 25.5% against 7.9%.
More: Perdoceo Education earnings · how Perdoceo Education makes money · American Public Education earnings · how American Public Education makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.