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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,065.48 | 1,132.92 | 1,219.93 | 1,268.22 |
| Operating 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 |
| Selling General And Administration | - | 379.82 | 384.44 | 412.16 | 424.97 |
| Total Expenses | - | 991.49 | 1,019.80 | 1,062.65 | 1,072.08 |
| Operating Income | - | 73.99 | 113.12 | 157.28 | 196.14 |
| Total Operating Income As Reported | - | 70.76 | 95.32 | 155.63 | 174.23 |
| EBITDA | - | 137.12 | 170.43 | 201.65 | 244.55 |
| Normalized EBITDA | - | 140.35 | 188.23 | 203.30 | 266.46 |
| EBIT | - | 73.99 | 113.12 | 157.28 | 196.14 |
| Other Non Operating Income Expenses | - | -1.19 | 5.40 | 5.80 | 3.16 |
| Other Income Expense | - | -4.42 | -12.40 | 4.16 | -18.75 |
| Pretax Income | - | 69.57 | 100.73 | 161.43 | 177.39 |
| Tax Provision | - | 22.90 | 30.94 | 48.75 | 50.78 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.06 | -5.46 | -0.50 | -6.27 |
| Net Income Continuous Operations | - | 46.67 | 69.79 | 112.68 | 126.61 |
| Net Income From Continuing And Discontinued Operation | - | 46.67 | 69.79 | 112.68 | 126.61 |
| Net Income From Continuing Operation Net Minority Interest | - | 46.67 | 69.79 | 112.68 | 126.61 |
| Net Income | - | 46.67 | 69.79 | 112.68 | 126.61 |
| Net Income Common Stockholders | - | 46.67 | 69.79 | 112.68 | 126.61 |
| Net Income Including Noncontrolling Interests | - | 46.67 | 69.79 | 112.68 | 126.61 |
| Normalized Income | - | 48.84 | 82.13 | 113.83 | 142.26 |
| Diluted NI Availto Com Stockholders | - | 46.67 | 69.79 | 112.68 | 126.61 |
| Basic Average Shares | - | 23.68 | 23.40 | 23.41 | 22.75 |
| Diluted Average Shares | - | 24 | 23.96 | 24.14 | 23.40 |
| Reconciled Depreciation | - | 63.12 | 57.31 | 44.38 | 48.41 |
| Reconciled Cost Of Revenue | - | 548.55 | 578.05 | 606.12 | 598.70 |
| Total Unusual Items | - | -3.23 | -17.80 | -1.65 | -21.91 |
| Total Unusual Items Excluding Goodwill | - | -3.23 | -17.80 | -1.65 | -21.91 |
| Special Income Charges | - | -3.23 | -17.80 | -1.65 | -21.91 |
| Restructuring And Mergern Acquisition | - | 3.23 | 17.80 | 1.65 | 21.91 |
| Depreciation Amortization Depletion Income Statement | - | 14.35 | 11.46 | 0 | 0 |
| Depreciation And Amortization In Income Statement | - | 14.35 | 11.46 | 0 | 0 |
| General And Administrative Expense | - | 379.82 | 384.44 | 412.16 | 424.97 |
| Other Gand A | - | 379.82 | 384.44 | 412.16 | 424.97 |
| Amortization | - | 14.35 | 11.46 | 0 | 0 |
| Amortization Of Intangibles Income Statement | - | 14.35 | 11.46 | 0 | 0 |
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 | $1.8B | 14.46β discount | 1.11 | 7.7% | 7.33 |
| Spectrum Brands Holdings, Inc. | SPB | $1.9B | 18.97 | 0.99 | 5.2% | 11.27 |
| Weis Markets, Inc. | WMK | $1.9B | 19.99 | 1.39 | 6.9% | 8.08 |
| Turning Point Brands, Inc. | TPB | $1.7B | 29.19 | 4.79 | 16.4% | 15.39 |
| Ingles Markets, Incorporated | IMKTA |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.7B |
| 19.80 |
| 1.02 |
| 5.2% |
| 7.26 |
| Newell Brands Inc. | NWL | $1.6B | -5.73 | 0.68 | -11.9% | 20.08 |
| Lincoln Educational Services Corporation | LINC | $1.6B | 80.26 | 8.04 | 10.0% | 36.58 |
| Coursera, Inc. | COUR | $1.6B | -31.27 | 2.51 | -8.0% | - |
| Fresh Del Monte Produce Inc. | FDP | $1.4B | 15.41 | 0.69 | 4.5% | 7.97 |
| Peer Median | - | 19.38 | 1.20 | 5.2% | 11.27 | |