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Strategic Education vs Phoenix Education Partners: STRA and PXED compared
Strategic Education is the larger company: $325M of revenue in its latest quarter (Q3 2026) against $261M for Phoenix Education Partners (Q4 FY26). Strategic Education is growing faster (+2% against +1% a year earlier). Phoenix Education Partners is more profitable, with an operating margin of 12.0% against -26.9%.
Where the money goes: STRA and PXED
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.
Phoenix Education Partners (PXED) · Q4 FY26
Phoenix Education Partners, Q4 FY26: revenue $261M (+1% year over year), operating margin 12.0%, net earnings $23.5M, operating cash flow $79.6M. The chart follows the revenue to costs, profit and cash.
| Strategic Education (STRA) | Phoenix Education Partners (PXED) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $325M | $261M |
| Revenue growth, Y/Y | +2% | +1% |
| Operating margin | -26.9% | 12.0% |
| Net earnings | −$98.3M | $23.5M |
| Net margin | -30.2% | 9.0% |
| Operating cash flow | $56.9M | $79.6M |
| Free cash flow | $44.3M | $74.2M |
| Market value | $1.6B | — |
| P/E | 11.8× | — |
| Analysts’ mean target | $96.67 | — |
Where the revenue comes from
Strategic Education
- U.S. Higher Education: $214M (66%)
- Australia / New Zealand: $68.6M (21%)
- Education Technology Services: $42.8M (13%)
Questions
Which is bigger, Strategic Education or Phoenix Education Partners?
Strategic Education is the larger company: $325M of revenue in its latest quarter (Q3 2026) against $261M for Phoenix Education Partners (Q4 FY26).
Is Strategic Education or Phoenix Education Partners growing faster?
Strategic Education is growing faster (+2% against +1% a year earlier).
Which is more profitable, Strategic Education or Phoenix Education Partners?
Phoenix Education Partners is more profitable, with an operating margin of 12.0% against -26.9%.
More: Strategic Education earnings · how Strategic Education makes money · Phoenix Education Partners earnings · how Phoenix Education Partners makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-K filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.