American Public Education, Inc.

American Public Education, Inc.

APEI
American Public Education, Inc.US flagNASDAQ Global Select
45.36
USD
-0.02
- -
832.06MMarket Cap
American Public Education, Inc.
APEI
(NASDAQ Global Select)

Recent

price

45.36

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
10.84
14.56
17.64
18.66
20.17
19.66
19.49
18.43
18.15
17.79
21.63
23.16
32.15
33.16
35.44
36.03
36.7
Revenue per Share
1.63
2.28
2.38
2.38
2.36
1.94
1.5
1.3
1.56
0.62
1.27
0.98
-6.1
-2.94
0.57
1.6
2.51
Basic EPS, GAAP
2.58
3.94
2.98
3.37
3.52
3.42
3.49
2.95
2.69
2.38
3.01
0.9
1.55
2.51
2.77
3.44
4.7
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.33
0.34
0.15
- -
Dividend per Share
5.43
7.47
9.59
11.78
13.66
14.83
16.43
17.97
19.56
19.55
20.73
22.21
16.41
14.33
14.92
16.26
17.1
Book Value per Share
5.43
7.47
9.59
9.61
11.4
12.42
14.33
15.86
17.27
17.55
18.68
4.65
7.55
9.15
9.96
11.42
12.32
Tangible Book Value per Share
18
18
18
18
17
17
16
16
16
16
15
18
19
18
18
18
18
Basic Weighted Avg Shares
198
260
314
329
350
328
313
299
298
286
322
419
606
601
625
649
668
Sales/Revenue/Turnover
25.24
24.14
21.95
20.47
18.84
16.19
15.64
12.35
11.22
7.21
7.96
7.56
1.77
3.11
6.21
8.3
10.2
Operating Margin (%)
7
9
11
14
16
21
19
19
18
16
13
18
32
28
19
16
16
Depreciation Expense
30
41
42
42
41
32
24
21
26
10
19
18
-115
-47
16
32
46
Net Income, GAAP
40.42
35.27
38.48
37.85
37.99
38.31
38.91
32.8
26.2
31.13
27.16
28.78
- -
- -
33.68
27.8
23.67
Effective Tax Rate (%)
15.07
15.65
13.5
12.76
11.68
9.89
7.71
7.06
8.61
3.5
5.85
4.24
-18.97
-7.87
2.58
4.86
6.84
Profit Margin (%)
60
82
86
62
88
80
116
148
188
178
197
119
115
143
181
185
196
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
9
6
221
195
191
187
152
137
LT Debt
97
134
171
207
234
237
265
289
321
297
307
416
350
292
304
295
314
Total Equity
33.24
35.98
29.3
23.68
19.59
14.61
12.42
9.16
8.22
4.61
6.09
4.71
- -
- -
5.32
8.44
11.63
Return on Invested Capital (%)
33.31
35.27
27.75
22.23
18.53
13.75
9.63
7.62
8.4
3.18
6.03
4.27
- -
- -
3.5
7.19
10.25
Return on Capital (%)
33.31
35.27
27.75
22.23
18.53
13.75
9.63
7.62
8.4
3.24
6.24
4.91
-31.71
-18.96
3.89
10.31
15.58
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11
16
17
LT Borrowings
95
83
82
LT Finance Leases
57
54
55
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
685
1,047
986

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
260
282
283
Cash, Cash Equivalents & STI
174
218
222
Accounts Receivable, Net
66
39
36
Inventories
- -
- -
- -
Total Current Liabilities
75
95
87
Payables & Accruals
18
31
25
ST Debt
11
16
17
Deferred Revenue
23
25
24

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.19%
0.83%
-2.99%
Free Cash Flow
8.55%
21.18%
26.79%
Net Income, GAAP
-84.02%
-170.11%
95.85%
Sales/Revenue/Turnover
8.1%
16.37%
3.89%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
154
153
153
164
625
2025
165
163
163
158
649
2026
175
172
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.06
-0.07
0.04
0.65
0.57
2025
0.42
0.18
0.31
0.7
1.6
2026
0.97
0.53
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.09
0.09
0.08
0.34
2025
0.08
0.07
- -
- -
0.15
2026
- -
- -
- -
- -
- -
Business
American Public Education, Inc. (NASDAQ: APEI) provides online and campus-based postsecondary education and career learning programs primarily serving military personnel, veterans, public service professionals, nurses, and working adults. The company operates through its wholly owned subsidiaries, including American Public University System (APUS), encompassing American Military University (AMU) and American Public University (APU), which offer nearly 100 degree programs and courses in fields such as homeland security, military studies, intelligence, criminal justice, technology, business administration, public health, liberal arts, and more; Hondros College of Nursing (HCN), delivering pre-licensure associate degree nursing (ADN), practical nursing (PN) diploma programs, and related health sciences education; and Rasmussen University (RU), providing nursing- and health sciences-focused postsecondary degrees, including on-campus and online options across multiple states. Founded in 1991 and headquartered in Charles Town, West Virginia, APEI targets adult learners worldwide with flexible, affordable, career-relevant education delivered via online platforms, campus-based instruction, and workplace training, emphasizing service-minded communities. In recent strategic developments, APEI completed the sale of Graduate School USA in July 2025 to refocus on core healthcare and military education segments; sold two corporate administrative buildings in Charles Town, West Virginia, in June 2025 for net proceeds of $22.5 million; fully redeemed its Series A senior preferred stock in 2025, eliminating $6 million in annual dividends and enhancing financial flexibility; appointed Edward Codispoti as Chief Financial Officer in October 2025 and James Kenisky as Interim Chief Innovation and Technology Officer to drive modernization efforts; and reported strong enrollment growth with Rasmussen up 10% and Hondros up 18% in Q3 2025, alongside raised full-year adjusted EBITDA guidance to $81-88 million.

Company News

  • Rasmussen University Streamlines its CCNE-Accredited RN to BSN Program to Offer Course Credit for Active RNs and Reduce Overall Credit Load

  • Hondros College of Nursing Announces Expanded Opportunities Through its Higher Learning Commission Accreditation as Part of American Public University System

  • American Public Education (APEI) is a Top-Ranked Growth Stock: Should You Buy?

  • American Public Education (NASDAQ:APEI) versus Autozi Internet Technology (Global) (NASDAQ:AZI) Financial Comparison

  • Here's Why American Public Education (APEI) is a Strong Growth Stock

  • Here's Why American Public Education (APEI) is a Strong Value Stock

  • American Public Education, Inc. Unveils AI-Powered Student Lifecycle Platform being Built with Salesforce

  • American Public Education, Inc. (APEI) Q2 2026 Earnings Call Transcript

  • American Public Education Q2 Earnings Call Highlights

  • American Public Education (APEI) Q2 Earnings and Revenues Surpass Estimates

  • American Public Education Reports Second Quarter 2026 Financial Results

  • American Public University System Completes Planned Combination to Create a Unified Institution

  • APEI or LINC: Which Is the Better Value Stock Right Now?

  • Strength Seen in American Public Education (APEI): Can Its 9.6% Jump Turn into More Strength?

  • Are Consumer Discretionary Stocks Lagging American Public Education (APEI) This Year?

  • Making Higher Education More Affordable: American Public University System Ranks in Top 10 Percentile Nationally for Lowest Tuition and Net Price Versus Four-Year Private Colleges

  • American Public Education, Inc. Schedules Second Quarter 2026 Earnings Call Monday, August 10, 2026 at 5:00 PM ET

  • Why American Public Education (APEI) is a Top Value Stock for the Long-Term

  • APEI vs. LINC: Which Stock Is the Better Value Option?

  • 3 Schools Stocks Managing Through Education Market Headwinds