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Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates through three segments: Colorado Technical University (CTU), The American InterContinental University System (AIUS), and University of St. Augustine for Health Sciences (USAHS). The CTU segment offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice. Its AIUS segment provides academic programs in the career-oriented disciplines of business studies, information technologies, education, and behavioral sciences. The USAHS segment offers graduate health sciences degrees in physical therapy, occupational therapy, speech language therapy, and nursing, as well as continuing education programs. The company also provides non-degree seeking and professional development programs. In addition, it operates intellipath, a learning platform, as well as a mobile application and two-way messaging platform. The company was formerly known as Career Education Corporation and changed its name to Perdoceo Education Corporation in January 2020. Perdoceo Education Corporation was incorporated in 1994 and is headquartered in Schaumburg, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $846M | $265M | $160M | $217M | 16.4% | 24.2% | 8.4% |
| 2024 | $681M | $217M | $148M | $157M | 15.4% | -4.0% | -0.0% |
| 2023 | $710M | $209M | $148M | $106M | 17.5% | 2.1% | 54.0% |
| 2022 | $695M | $154M | $96M | $136M | 13.2% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 695.21 | 710 | 681.26 | 846.10 |
| Operating Revenue | - | 687.67 | 702.92 | 676.07 | 841.40 |
| Cost Of Revenue | - | 116.72 | 130.32 | 120.86 | 197.54 |
| Gross Profit | - | 578.48 | 579.68 | 560.40 | 648.56 |
| Operating Expense | - | 404.28 | 381.76 | 347.98 | 423.06 |
| Selling General And Administration | - | 384.55 | 364.87 | 333.33 | 381.43 |
| Total Expenses | - | 521 | 512.08 | 468.84 | 620.60 |
| Operating Income | - | 174.20 | 197.92 | 212.42 | 225.50 |
| Total Operating Income As Reported | - | 129.64 | 150.45 | 174.25 | 196 |
| EBITDA | - | 154.40 | 209.41 | 216.70 | 264.93 |
| Normalized EBITDA | - | 198.97 | 256.89 | 254.87 | 294.43 |
| EBIT | - | 134.67 | 192.52 | 202.05 | 223.30 |
| Interest Income | - | 6.87 | 19.98 | 28.99 | 26.31 |
| Interest Expense | - | 0.40 | 0.40 | 0.61 | 6.46 |
| Net Interest Income | - | 6.47 | 19.58 | 28.38 | 19.84 |
| Other Non Operating Income Expenses | - | -1.83 | 22.10 | -1.19 | 0.99 |
| Other Income Expense | - | -46.40 | -25.38 | -39.36 | -28.51 |
| Interest Income Non Operating | - | 6.87 | 19.98 | 28.99 | 26.31 |
| Interest Expense Non Operating | - | 0.40 | 0.40 | 0.61 | 6.46 |
| Net Non Operating Interest Income Expense | - | 6.47 | 19.58 | 28.38 | 19.84 |
| Pretax Income | - | 134.27 | 192.12 | 201.44 | 216.84 |
| Tax Provision | - | 38.40 | 44.47 | 53.85 | 56.92 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -12.75 | -10.99 | -10.20 | -7.76 |
| Net Income Continuous Operations | - | 95.87 | 147.65 | 147.59 | 159.91 |
| Net Income From Continuing And Discontinued Operation | - | 95.87 | 147.65 | 147.59 | 159.91 |
| Net Income From Continuing Operation Net Minority Interest | - | 95.87 | 147.65 | 147.59 | 159.91 |
| Net Income | - | 95.87 | 147.65 | 147.59 | 159.91 |
| Net Income Common Stockholders | - | 95.87 | 147.65 | 147.59 | 159.91 |
| Net Income Including Noncontrolling Interests | - | 95.87 | 147.65 | 147.59 | 159.91 |
| Normalized Income | - | 127.69 | 184.14 | 175.56 | 181.65 |
| Diluted NI Availto Com Stockholders | - | 95.87 | 147.65 | 147.59 | 159.91 |
| Basic Average Shares | - | 67.93 | 66.47 | 65.65 | 64.81 |
| Diluted Average Shares | - | 69.03 | 67.83 | 67.24 | 66.16 |
| Reconciled Depreciation | - | 19.73 | 16.89 | 14.64 | 41.63 |
| Reconciled Cost Of Revenue | - | 116.72 | 130.32 | 120.86 | 197.54 |
| Total Unusual Items | - | -44.57 | -47.48 | -38.17 | -29.50 |
| Total Unusual Items Excluding Goodwill | - | -44.57 | -47.48 | -38.17 | -29.50 |
| Net Income Discontinuous Operations | -0.02 | - | - | - | - |
| Special Income Charges | - | -44.57 | -47.48 | -38.17 | -29.50 |
| Write Off | - | 44.57 | 47.48 | 38.17 | 29.50 |
| Depreciation Amortization Depletion Income Statement | - | 19.73 | 16.89 | 14.64 | 41.63 |
| Depreciation And Amortization In Income Statement | - | 19.73 | 16.89 | 14.64 | 41.63 |
| General And Administrative Expense | - | 257.70 | 262.28 | 232.37 | 268.57 |
| Other Gand A | - | 257.70 | 262.28 | 232.37 | 268.57 |
| Rent Expense Supplemental | - | - | 10.30 | 8.64 | 24.52 |
| Selling And Marketing Expense | - | 126.84 | 102.59 | 100.96 | 112.86 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Perdoceo Education Corporationthis co. | PRDO | $2.1B | 13.39↓ discount | 2.20 | 16.4% | 8.11 |
| United Natural Foods, Inc. | UNFI | $3.2B | -27.35 | 2.08 | -7.6% | 21.68 |
| The Chefs' Warehouse, Inc. | CHEF | $3.2B | 43.70 | 5.23 | 12.0% | 17.99 |
| Tootsie Roll Industries, Inc. | TR | $2.9B | 28.60 | 3.04 | 10.6% | 17.22 |
| Interparfums, Inc. |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| IPAR |
| $2.8B |
| 16.90 |
| 3.23 |
| 19.1% |
| 9.53 |
| The Andersons, Inc. | ANDE | $2.5B | 25.96 | 2.00 | 7.7% | 10.35 |
| Central Garden & Pet Company | CENT | $2.5B | 15.21 | 1.56 | 10.3% | 8.44 |
| Freshpet, Inc. | FRPT | $2.4B | 17.38 | 2.00 | 11.5% | 15.10 |
| Central Garden & Pet Company | CENTA | $2.2B | 13.38 | 1.38 | 10.3% | 7.62 |
| Peer Median | - | 17.14 | 2.04 | 10.5% | 12.72 | |