Strategic Education, Inc. provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute. In addition, the company operates Capella University, an online accredited institution of higher education; Torrens University, which offers undergraduate, graduate, higher degree by research, and specialized degree courses in business, design and creative technology, health, hospitality, and education fields through online and on physical campuses located in Australia; Think Education, a vocational training organization and higher education provider; and Media Design School, which provides industry-endorsed courses in 3D animation and visual effects, game art and programming, graphic and motion design, digital media, artificial intelligence, and creative advertising. It offers Workforce Edge, an administration platform that enables employers to manage and streamline their education benefits programs; and Sophia Learning, which offers low-cost online general education-level courses. Strategic Education, Inc. was founded in 1892 and is headquartered in Herndon, Virginia.
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 | $1.3B | $245M | $127M | $154M | 7.7% | 4.0% | 12.4% |
| 2024 | $1.2B | $202M | $113M | $129M | 6.8% | 7.7% | 61.5% |
| 2023 | $1.1B | $170M | $70M | $80M | 4.2% | 6.3% | 49.5% |
| 2022 | $1.1B | $137M | $47M | $83M | 2.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,065.48 | 1,132.92 | 1,219.93 | 1,268.22 |
| Cost Of Revenue | 597.32 | 623.90 | 650.50 | 647.11 |
| Gross Profit | 468.16 | 509.02 | 569.43 | 621.11 |
| Operating Expense | 394.17 | 395.90 | 412.16 | 424.97 |
| Operating Income | 73.99 | 113.12 | 157.28 | 196.14 |
| EBITDA | 137.12 | 170.43 | 201.65 | 244.55 |
| EBIT | 73.99 | 113.12 | 157.28 | 196.14 |
| Pretax Income | 69.57 | 100.73 | 161.43 | 177.39 |
| Tax Provision | 22.90 | 30.94 | 48.75 | 50.78 |
| Net Income | 46.67 | 69.79 | 112.68 | 126.61 |
| Net Income Common Stockholders | 46.67 | 69.79 | 112.68 | 126.61 |
| Total Expenses | 991.49 | 1,019.80 | 1,062.65 | 1,072.08 |
| Selling General And Administration | 379.82 | 384.44 | 412.16 | 424.97 |
| Normalized EBITDA | 140.35 | 188.23 | 203.30 | 266.46 |
| Normalized Income | 48.84 | 82.13 | 113.83 | 142.26 |
| Market Cap | 1,671.37 | 1,671.37 | 1,671.37 | 1,671.37 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Strategic Education, Inc.this co. | STRA | $1.7B | 13.20β discount | 1.02 | 7.7% | 6.71 |
| Spectrum Brands Holdings, Inc. | SPB | $1.9B | 19.26 | 1.00 | 5.2% | 9.88 |
| Weis Markets, Inc. | WMK | $1.7B | 18.99 | 1.27 | 6.9% | 7.02 |
| Ingles Markets, Incorporated | IMKTA | $1.7B | 17.77 | 1.03 | 5.2% | 8.78 |
| Herbalife Ltd. | HLF | $1.7B |
| 7.26 |
| -3.20 |
| -44.8% |
| 5.64 |
| J&J Snack Foods Corp. | JJSF | $1.6B | 24.39 | 1.66 | 6.8% | 10.28 |
| Turning Point Brands, Inc. | TPB | $1.5B | 24.82 | 4.17 | 15.6% | 14.86 |
| Dole plc | DOLE | $1.4B | 14.69 | 1.04 | 3.4% | 7.65 |
| The Simply Good Foods Company | SMPL | $1.3B | 11.94 | 0.68 | 5.7% | 7.70 |
| Peer Median | - | 18.38 | 1.03 | 5.5% | 8.24 | |