Perdoceo Education Corporation (PRDO) 10-Year Financial Performance & Capital Metrics

PRDO • • Industrial / General

Consumer DefensiveEducation & TrainingHigher Education & Professional TrainingGeneral Higher Education

AboutPerdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It 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, as well as business studies, information technologies, education, and health sciences. The company also operates intellipath, a personalized learning platform; and a mobile application and two-way messaging platform. As of December 31, 2021, it had a total student enrollment of approximately 40,400 students. 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 based in Schaumburg, Illinois.Show more

Revenue $681M -4.0%
EBITDA $189M +12.9%
Net Income $148M
EPS (Diluted) 2.19 +0.5%
Gross Margin 82.26% +0.8%
EBITDA Margin 27.73% +17.6%
Operating Margin 25.58% +20.7%
Net Margin 21.66% +4.2%
ROE 16.39% -13.0%
ROIC 15.09% -6.3%
Debt/Equity 0.14 +326.5%
Interest Coverage 284.26 -23.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 16.1%
✓FCF machine: 23.0% free cash flow margin
✓Good 3Y average ROE of 16.4%
✓Healthy 5Y average net margin of 18.0%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.84%

5Y1.65%

3Y-0.57%

TTM15.99%

Profit (Net Income) CAGR

10Y-

5Y16.1%

3Y10.42%

TTM13.25%

EPS CAGR

10Y-

5Y17.69%

3Y12.21%

TTM13.24%

ROCE

10Y Avg11.82%

5Y Avg20.13%

3Y Avg17.5%

Latest17.42%

Peer Comparison

General Higher Education

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
APEIAmerican Public Education, Inc.	732.44M	40.50	73.64	4%	4.87%	11.42%	3.79%	0.66
GVVisionary Holdings Inc.	5.11M	1.25	59.24	11.25%	-23.15%	-21.19%		3.56
LAURLaureate Education, Inc.	5.22B	35.42	18.45	5.55%	12.86%	18.22%	3.08%	0.45
STRAStrategic Education, Inc.	1.99B	84.52	18.10	7.68%	9.08%	6.89%	6.49%	0.08
PRDOPerdoceo Education Corporation	2.05B	31.81	14.53	-4.05%	20.09%	15.68%	7.67%	0.14
PXEDPhoenix Education Partners, Inc	1.09B	30.47	8.10	6.02%	13.29%	45.46%	5.96%	0.31
LXEHLixiang Education Holding Co., Ltd.	3.65M	0.20	-0.01	-35.45%	-179.26%	-103.96%		0.90

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	847.27M	704.39M	596.43M	581.3M	627.7M	687.31M	693.03M	695.21M	710M	681.26M
Revenue Growth %	0.14%	-0.17%	-0.15%	-0.03%	0.08%	0.09%	0.01%	0%	0.02%	-0.04%
Cost of Goods Sold+	289.78M	235.1M	143.34M	109.9M	101.94M	111.77M	108.74M	116.72M	130.32M	120.86M
COGS % of Revenue	0.34%	0.33%	0.24%	0.19%	0.16%	0.16%	0.16%	0.17%	0.18%	0.18%
Gross Profit+	557.5M	469.29M	453.09M	471.4M	525.76M	575.55M	584.29M	578.49M	579.68M	560.4M
Gross Margin %	0.66%	0.67%	0.76%	0.81%	0.84%	0.84%	0.84%	0.83%	0.82%	0.82%
Gross Profit Growth %	0.11%	-0.16%	-0.03%	0.04%	0.12%	0.09%	0.02%	-0.01%	0%	-0.03%
Operating Expenses+	589.15M	500.47M	391.38M	400.1M	439.3M	432.61M	435.27M	448.85M	429.23M	386.15M
OpEx % of Revenue	0.7%	0.71%	0.66%	0.69%	0.7%	0.63%	0.63%	0.65%	0.6%	0.57%
Selling, General & Admin	542M	445.68M	377.39M	358.67M	386.68M	369.65M	374.16M	384.55M	364.87M	333.33M
SG&A % of Revenue	0.64%	0.63%	0.63%	0.62%	0.62%	0.54%	0.54%	0.55%	0.51%	0.49%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-436K	300K	665K	196K	52.62M	62.96M	61.12M	64.3M	64.36M	52.82M
Operating Income+	-92.17M	-32.34M	34.14M	71.3M	86.46M	142.93M	149.02M	129.64M	150.45M	174.25M
Operating Margin %	-0.11%	-0.05%	0.06%	0.12%	0.14%	0.21%	0.22%	0.19%	0.21%	0.26%
Operating Income Growth %	-0.27%	0.65%	2.06%	1.09%	0.21%	0.65%	0.04%	-0.13%	0.16%	0.16%
EBITDA+	-67.23M	-9.6M	48.13M	80.69M	95.61M	157.72M	165.78M	149.37M	167.33M	188.9M
EBITDA Margin %	-0.08%	-0.01%	0.08%	0.14%	0.15%	0.23%	0.24%	0.21%	0.24%	0.28%
EBITDA Growth %	-2.89%	0.86%	6.01%	0.68%	0.18%	0.65%	0.05%	-0.1%	0.12%	0.13%
D&A (Non-Cash Add-back)	24.94M	22.75M	13.99M	9.39M	9.14M	14.79M	16.77M	19.73M	16.89M	14.64M
EBIT	-93.6M	-30.78M	34.14M	71.3M	93.19M	147M	149.99M	134.67M	192.53M	202.05M
Net Interest Income+	-41K	678K	1.45M	2.86M	6.22M	3.69M	10K	6.47M	19.58M	28.38M
Interest Income	794K	1.26M	1.9M	3.54M	6.39M	3.85M	930K	6.87M	19.98M	28.99M
Interest Expense	835K	584K	451K	681K	167K	167K	920K	400K	404K	613K
Other Income/Expense	-2.27M	978K	2.11M	3.05M	6.56M	3.9M	51K	4.63M	41.67M	27.19M
Pretax Income+	-94.44M	-31.37M	36.25M	74.35M	93.02M	146.83M	149.07M	134.27M	192.12M	201.44M
Pretax Margin %	-0.11%	-0.04%	0.06%	0.13%	0.15%	0.21%	0.22%	0.19%	0.27%	0.3%
Income Tax+	-147.45M	-16.55M	67.13M	18.56M	22.43M	22.48M	39.43M	38.4M	44.47M	53.85M
Effective Tax Rate %	-0.55%	0.6%	-0.88%	0.74%	0.75%	0.85%	0.74%	0.71%	0.77%	0.73%
Net Income+	51.88M	-18.71M	-31.9M	55.18M	69.98M	124.26M	109.64M	95.87M	147.65M	147.59M
Net Margin %	0.06%	-0.03%	-0.05%	0.09%	0.11%	0.18%	0.16%	0.14%	0.21%	0.22%
Net Income Growth %	1.29%	-1.36%	-0.7%	2.73%	0.27%	0.78%	-0.12%	-0.13%	0.54%	-0%
Net Income (Continuing)	53.02M	-14.82M	-30.88M	55.79M	70.59M	124.35M	109.64M	95.87M	147.65M	147.59M
Discontinued Operations	0	0	0	0	-612K	-90K	-17K	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.76	-0.27	-0.46	0.77	0.97	1.74	1.55	1.39	2.18	2.19
EPS Growth %	1.29%	-1.36%	-0.7%	2.67%	0.26%	0.79%	-0.11%	-0.1%	0.57%	0%
EPS (Basic)	0.76	-0.28	-0.46	0.79	1.00	1.79	1.57	1.41	2.22	2.25
Diluted Shares Outstanding	68.33M	68.37M	68.95M	71.48M	72.08M	71.27M	70.88M	69.03M	67.83M	67.24M
Basic Shares Outstanding	67.86M	67.35M	68.61M	69.6M	70.09M	69.41M	70.02M	67.93M	66.47M	65.65M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	0.1%	0.21%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	288.96M	248.19M	210.72M	269.45M	360.38M	467.06M	554.45M	575.12M	654.96M	640.15M
Cash & Short-Term Investments	181.82M	197.19M	174.29M	228.82M	294.18M	406.36M	494.19M	508.72M	603.14M	568.92M
Cash Only	66.92M	49.51M	18.11M	32.39M	108.69M	105.68M	319.98M	109.41M	118.01M	109.13M
Short-Term Investments	114.9M	147.68M	156.18M	196.43M	185.49M	300.68M	174.21M	399.31M	485.13M	459.8M
Accounts Receivable	36.81M	23.75M	20.04M	31.32M	56.4M	47.55M	44.73M	46.01M	33.94M	28.14M
Days Sales Outstanding	15.86	12.31	12.26	19.66	32.8	25.25	23.56	24.16	17.45	15.07
Inventory	3.35M	1.87M	1.11M	763K	576K	596K	904K	1.9M	5M	3.39M
Days Inventory Outstanding	4.22	2.9	2.83	2.53	2.06	1.95	3.03	5.95	14.01	10.23
Other Current Assets	52.6M	10.94M	7.56M	774K	1.94M	4.34M	7.71M	10.07M	1.17M	22.79M
Total Non-Current Assets+	321.95M	311.41M	236.38M	213.04M	238.76M	254.46M	292.98M	382.25M	352.35M	596.88M
Property, Plant & Equipment	58.25M	40.51M	33.23M	30.05M	76.37M	72.53M	65.02M	52.19M	40.47M	160.98M
Fixed Asset Turnover	14.55x	17.39x	17.95x	19.35x	8.22x	9.48x	10.66x	13.32x	17.55x	4.23x
Goodwill	87.36M	87.36M	87.36M	87.36M	87.36M	118.31M	162.58M	243.54M	241.16M	258.01M
Intangible Assets	9.3M	8.5M	7.9M	7.9M	7.9M	15.52M	32.21M	53.56M	36.22M	95.01M
Long-Term Investments	116.74M	3.06M	2.55M	942K	0	0	0	0	0	0
Other Non-Current Assets	-87.41M	13.71M	7.26M	5.17M	6.96M	7.74M	8.06M	8.34M	10.7M	14.11M
Total Assets+	610.91M	559.6M	447.1M	482.49M	599.15M	721.52M	847.43M	957.37M	1.01B	1.24B
Asset Turnover	1.39x	1.26x	1.33x	1.20x	1.05x	0.95x	0.82x	0.73x	0.70x	0.55x
Asset Growth %	0.07%	-0.08%	-0.2%	0.08%	0.24%	0.2%	0.17%	0.13%	0.05%	0.23%
Total Current Liabilities+	192.81M	169.21M	112.69M	97.05M	103.81M	103.81M	140.24M	163.38M	111.04M	132.16M
Accounts Payable	25.91M	10.1M	8.52M	9.2M	11.53M	13.26M	10.84M	13.52M	10.77M	12.8M
Days Payables Outstanding	32.63	15.68	21.68	30.54	41.29	43.3	36.38	42.27	30.15	38.67
Short-Term Debt	38M	0	0	0	11.78M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	46.24M	95M	48.35M	30.1M	-11.78M	0	0	0	0	0
Current Ratio	1.50x	1.47x	1.87x	2.78x	3.47x	4.50x	3.95x	3.52x	5.90x	4.84x
Quick Ratio	1.48x	1.46x	1.86x	2.77x	3.47x	4.49x	3.95x	3.51x	5.85x	4.82x
Cash Conversion Cycle	-12.55	-0.47	-6.59	-8.34	-6.44	-16.1	-9.79	-12.16	1.31	-13.36
Total Non-Current Liabilities+	80.5M	68.89M	38.2M	30.24M	64.04M	61.8M	57.08M	68.14M	54.86M	145.34M
Long-Term Debt	0	0	0	0	0	0	0	0	0	56.5M
Capital Lease Obligations	0	0	0	0	52.39M	43.41M	35.55M	27.29M	21.35M	61.78M
Deferred Tax Liabilities	2.86M	0	0	1.17M	0	0	0	0	0	0
Other Non-Current Liabilities	80.5M	68.89M	38.2M	30.24M	11.65M	18.39M	21.53M	40.86M	33.51M	27.06M
Total Liabilities	273.31M	238.1M	150.89M	127.29M	167.85M	165.61M	197.32M	231.52M	165.9M	277.5M
Total Debt+	38M	0	0	0	75.96M	53.19M	44.95M	33.84M	27.05M	131.54M
Net Debt	-28.92M	-49.51M	-18.11M	-32.39M	-32.73M	-52.49M	-275.03M	-75.57M	-90.96M	22.41M
Debt / Equity	0.11x	-	-	-	0.18x	0.10x	0.07x	0.05x	0.03x	0.14x
Debt / EBITDA	-	-	-	-	0.79x	0.34x	0.27x	0.23x	0.16x	0.70x
Net Debt / EBITDA	-	-	-0.38x	-0.40x	-0.34x	-0.33x	-1.66x	-0.51x	-0.54x	0.12x
Interest Coverage	-110.38x	-55.38x	75.69x	104.70x	517.74x	855.89x	161.97x	324.09x	372.39x	284.26x
Total Equity+	337.61M	321.5M	296.2M	355.2M	431.3M	555.91M	650.11M	725.85M	841.42M	959.54M
Equity Growth %	0.2%	-0.05%	-0.08%	0.2%	0.21%	0.29%	0.17%	0.12%	0.16%	0.14%
Book Value per Share	4.94	4.70	4.30	4.97	5.98	7.80	9.17	10.51	12.41	14.27
Total Shareholders' Equity	337.61M	321.5M	296.2M	355.2M	431.3M	555.91M	650.11M	725.85M	841.42M	959.54M
Common Stock	830K	835K	843K	852K	860K	873K	887K	894K	903K	910K
Retained Earnings	-57.52M	-76.23M	-108.13M	-52.95M	18.07M	142.34M	251.97M	347.84M	480.61M	595.67M
Treasury Stock	-215.61M	-216.17M	-217.35M	-220.7M	-227.31M	-246.09M	-276.89M	-301.62M	-334.22M	-344.42M
Accumulated OCI	-880K	-258K	-164K	-298K	344K	364K	-96K	-5.45M	-666K	166K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-21.69M	5.91M	-21.79M	56.99M	73.08M	179.96M	191.12M	148.19M	112.03M	161.59M
Operating CF Margin %	-0.03%	0.01%	-0.04%	0.1%	0.12%	0.26%	0.28%	0.21%	0.16%	0.24%
Operating CF Growth %	0.82%	1.27%	-4.69%	3.62%	0.28%	1.46%	0.06%	-0.22%	-0.24%	0.44%
Net Income	51.88M	-18.71M	-31.9M	55.18M	69.98M	124.26M	109.64M	95.87M	147.65M	147.59M
Depreciation & Amortization	24.94M	22.75M	13.99M	9.39M	9.14M	14.79M	16.77M	19.73M	16.89M	14.64M
Stock-Based Compensation	2.86M	3.24M	4.97M	5.61M	9.27M	13.38M	14.97M	8.75M	8.08M	10.19M
Deferred Taxes	-145.81M	-18.09M	64.22M	17.86M	21.56M	20.35M	15.33M	-720K	3.76M	2.66M
Other Non-Cash Items	84.95M	32.61M	27.44M	31.94M	43.47M	48.17M	44.34M	44.57M	25.39M	38.17M
Working Capital Changes	-40.51M	-15.88M	-100.51M	-63.01M	-80.34M	-40.99M	-9.93M	-20.01M	-89.75M	-51.66M
Change in Receivables	-22.48M	6.92M	5.13M	-10.54M	-33.7M	7.09M	6.63M	6.38M	12.01M	-8.06M
Change in Inventory	6.16M	2.78M	8.74M	3.05M	-1.18M	3.03M	3.29M	2.64M	-2.99M	4.47M
Change in Payables	2.54M	-16.26M	-1.59M	698K	2.32M	374K	-2.74M	1.92M	-4.88M	-727K
Cash from Investing+	-7.99M	-34.35M	-11.65M	-41.49M	7.7M	-165.91M	54.32M	-326.75M	-88.51M	-107.78M
Capital Expenditures	-11.7M	-4.13M	-6.33M	-6.73M	-5.17M	-9.77M	-10.45M	-12.62M	-6.41M	-4.63M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.27M	3.6M	-5.32M	-34.76M	-85K	103K	0	0	0	0
Cash from Financing+	2.52M	11.22M	1.53M	-1.66M	-4.84M	-13.05M	-29.95M	-27.73M	-23.38M	-41.08M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	-14.42M	-31.7M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	27.56M	11.78M	-1.19M	-3.35M	-2.74M	-912K	-5.51M	-5.81M	-3.21M	-3.71M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-33.38M	1.78M	-28.12M	50.26M	67.91M	170.19M	180.66M	135.57M	105.61M	156.97M
FCF Margin %	-0.04%	0%	-0.05%	0.09%	0.11%	0.25%	0.26%	0.2%	0.15%	0.23%
FCF Growth %	0.75%	1.05%	-16.77%	2.79%	0.35%	1.51%	0.06%	-0.25%	-0.22%	0.49%
FCF per Share	-0.49	0.03	-0.41	0.70	0.94	2.39	2.55	1.96	1.56	2.33
FCF Conversion (FCF/Net Income)	-0.42x	-0.32x	0.68x	1.03x	1.04x	1.45x	1.74x	1.55x	0.76x	1.09x
Interest Paid	33K	153K	0	0	0	0	0	0	0	0
Taxes Paid	580K	334K	120K	266K	46K	611K	23.22M	28.94M	41.76M	46.84M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.75%	-5.68%	-10.33%	16.94%	17.8%	25.17%	18.18%	13.93%	18.84%	16.39%
Return on Invested Capital (ROIC)	-27.28%	-8.35%	9.31%	17.8%	17.98%	23.77%	25.44%	18.96%	16.11%	15.09%
Gross Margin	65.8%	66.62%	75.97%	81.09%	83.76%	83.74%	84.31%	83.21%	81.64%	82.26%
Net Margin	6.12%	-2.66%	-5.35%	9.49%	11.15%	18.08%	15.82%	13.79%	20.8%	21.66%
Debt / Equity	0.11x	-	-	-	0.18x	0.10x	0.07x	0.05x	0.03x	0.14x
Interest Coverage	-110.38x	-55.38x	75.69x	104.70x	517.74x	855.89x	161.97x	324.09x	372.39x	284.26x
FCF Conversion	-0.42x	-0.32x	0.68x	1.03x	1.04x	1.45x	1.74x	1.55x	0.76x	1.09x
Revenue Growth	14.29%	-16.86%	-15.33%	-2.54%	7.98%	9.5%	0.83%	0.31%	2.13%	-4.05%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Tuition And Fees Net	-	-	-	-	-	-	-	-	702.92M	676.07M
Tuition And Fees Net Growth	-	-	-	-	-	-	-	-	-	-3.82%
Product and Service, Other	-	-	-	-	-	-	-	-	7.08M	5.19M
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-	-26.71%
Corporate and Other	-	-	-	-	-	-	-	1.11M	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-
Corporate And Other	157K	-	-	-	67K	446K	1.13M	-	-	-
Corporate And Other Growth	-	-	-	-	-	565.67%	152.24%	-	-	-
Business Excluding All Other Campuses Segment	-	-	569.58M	580.69M	-	-	-	-	-	-
Business Excluding All Other Campuses Segment Growth	-	-	-	1.95%	-	-	-	-	-	-
All Other Campuses	-	-	26.86M	606K	-	-	-	-	-	-
All Other Campuses Growth	-	-	-	-97.74%	-	-	-	-	-	-
Business Excluding Transitional And Culinary Segment	-	562.35M	-	-	-	-	-	-	-	-
Business Excluding Transitional And Culinary Segment Growth	-	-	-	-	-	-	-	-	-	-
Culinary Arts	170.19M	104.45M	-	-	-	-	-	-	-	-
Culinary Arts Growth	-	-38.63%	-	-	-	-	-	-	-	-
Transitional Group	127.06M	37.59M	-	-	-	-	-	-	-	-
Transitional Group Growth	-	-70.42%	-	-	-	-	-	-	-	-
Business Excluding Transitional Group	550.02M	-	-	-	-	-	-	-	-	-
Business Excluding Transitional Group Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Perdoceo Education Corporation (PRDO) has a price-to-earnings (P/E) ratio of 14.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Perdoceo Education Corporation (PRDO) reported $768.8M in revenue for fiscal year 2024. This represents a 59% decrease from $1.88B in 2011.

Perdoceo Education Corporation (PRDO) saw revenue decline by 4.0% over the past year.

Yes, Perdoceo Education Corporation (PRDO) is profitable, generating $154.4M in net income for fiscal year 2024 (21.7% net margin).

Dividend & Returns

Yes, Perdoceo Education Corporation (PRDO) pays a dividend with a yield of 1.48%. This makes it attractive for income-focused investors.

Perdoceo Education Corporation (PRDO) has a return on equity (ROE) of 16.4%. This is reasonable for most industries.

Perdoceo Education Corporation (PRDO) generated $205.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Perdoceo Education Corporation (PRDO) 10-Year Financial Performance & Capital Metrics

PRDO • • Industrial / General

Consumer DefensiveEducation & TrainingHigher Education & Professional TrainingGeneral Higher Education

Revenue $681M -4.0%
EBITDA $189M +12.9%
Net Income $148M
EPS (Diluted) 2.19 +0.5%
Gross Margin 82.26% +0.8%
EBITDA Margin 27.73% +17.6%
Operating Margin 25.58% +20.7%
Net Margin 21.66% +4.2%
ROE 16.39% -13.0%
ROIC 15.09% -6.3%
Debt/Equity 0.14 +326.5%
Interest Coverage 284.26 -23.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 16.1%
✓FCF machine: 23.0% free cash flow margin
✓Good 3Y average ROE of 16.4%
✓Healthy 5Y average net margin of 18.0%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.84%

5Y1.65%

3Y-0.57%

TTM15.99%

Profit (Net Income) CAGR

10Y-

5Y16.1%

3Y10.42%

TTM13.25%

EPS CAGR

10Y-

5Y17.69%

3Y12.21%

TTM13.24%

ROCE

10Y Avg11.82%

5Y Avg20.13%

3Y Avg17.5%

Latest17.42%

Peer Comparison

General Higher Education

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
APEIAmerican Public Education, Inc.	732.44M	40.50	73.64	4%	4.87%	11.42%	3.79%	0.66
GVVisionary Holdings Inc.	5.11M	1.25	59.24	11.25%	-23.15%	-21.19%		3.56
LAURLaureate Education, Inc.	5.22B	35.42	18.45	5.55%	12.86%	18.22%	3.08%	0.45
STRAStrategic Education, Inc.	1.99B	84.52	18.10	7.68%	9.08%	6.89%	6.49%	0.08
PRDOPerdoceo Education Corporation	2.05B	31.81	14.53	-4.05%	20.09%	15.68%	7.67%	0.14
PXEDPhoenix Education Partners, Inc	1.09B	30.47	8.10	6.02%	13.29%	45.46%	5.96%	0.31
LXEHLixiang Education Holding Co., Ltd.	3.65M	0.20	-0.01	-35.45%	-179.26%	-103.96%		0.90

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	847.27M	704.39M	596.43M	581.3M	627.7M	687.31M	693.03M	695.21M	710M	681.26M
Revenue Growth %	0.14%	-0.17%	-0.15%	-0.03%	0.08%	0.09%	0.01%	0%	0.02%	-0.04%
Cost of Goods Sold+	289.78M	235.1M	143.34M	109.9M	101.94M	111.77M	108.74M	116.72M	130.32M	120.86M
COGS % of Revenue	0.34%	0.33%	0.24%	0.19%	0.16%	0.16%	0.16%	0.17%	0.18%	0.18%
Gross Profit+	557.5M	469.29M	453.09M	471.4M	525.76M	575.55M	584.29M	578.49M	579.68M	560.4M
Gross Margin %	0.66%	0.67%	0.76%	0.81%	0.84%	0.84%	0.84%	0.83%	0.82%	0.82%
Gross Profit Growth %	0.11%	-0.16%	-0.03%	0.04%	0.12%	0.09%	0.02%	-0.01%	0%	-0.03%
Operating Expenses+	589.15M	500.47M	391.38M	400.1M	439.3M	432.61M	435.27M	448.85M	429.23M	386.15M
OpEx % of Revenue	0.7%	0.71%	0.66%	0.69%	0.7%	0.63%	0.63%	0.65%	0.6%	0.57%
Selling, General & Admin	542M	445.68M	377.39M	358.67M	386.68M	369.65M	374.16M	384.55M	364.87M	333.33M
SG&A % of Revenue	0.64%	0.63%	0.63%	0.62%	0.62%	0.54%	0.54%	0.55%	0.51%	0.49%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-436K	300K	665K	196K	52.62M	62.96M	61.12M	64.3M	64.36M	52.82M
Operating Income+	-92.17M	-32.34M	34.14M	71.3M	86.46M	142.93M	149.02M	129.64M	150.45M	174.25M
Operating Margin %	-0.11%	-0.05%	0.06%	0.12%	0.14%	0.21%	0.22%	0.19%	0.21%	0.26%
Operating Income Growth %	-0.27%	0.65%	2.06%	1.09%	0.21%	0.65%	0.04%	-0.13%	0.16%	0.16%
EBITDA+	-67.23M	-9.6M	48.13M	80.69M	95.61M	157.72M	165.78M	149.37M	167.33M	188.9M
EBITDA Margin %	-0.08%	-0.01%	0.08%	0.14%	0.15%	0.23%	0.24%	0.21%	0.24%	0.28%
EBITDA Growth %	-2.89%	0.86%	6.01%	0.68%	0.18%	0.65%	0.05%	-0.1%	0.12%	0.13%
D&A (Non-Cash Add-back)	24.94M	22.75M	13.99M	9.39M	9.14M	14.79M	16.77M	19.73M	16.89M	14.64M
EBIT	-93.6M	-30.78M	34.14M	71.3M	93.19M	147M	149.99M	134.67M	192.53M	202.05M
Net Interest Income+	-41K	678K	1.45M	2.86M	6.22M	3.69M	10K	6.47M	19.58M	28.38M
Interest Income	794K	1.26M	1.9M	3.54M	6.39M	3.85M	930K	6.87M	19.98M	28.99M
Interest Expense	835K	584K	451K	681K	167K	167K	920K	400K	404K	613K
Other Income/Expense	-2.27M	978K	2.11M	3.05M	6.56M	3.9M	51K	4.63M	41.67M	27.19M
Pretax Income+	-94.44M	-31.37M	36.25M	74.35M	93.02M	146.83M	149.07M	134.27M	192.12M	201.44M
Pretax Margin %	-0.11%	-0.04%	0.06%	0.13%	0.15%	0.21%	0.22%	0.19%	0.27%	0.3%
Income Tax+	-147.45M	-16.55M	67.13M	18.56M	22.43M	22.48M	39.43M	38.4M	44.47M	53.85M
Effective Tax Rate %	-0.55%	0.6%	-0.88%	0.74%	0.75%	0.85%	0.74%	0.71%	0.77%	0.73%
Net Income+	51.88M	-18.71M	-31.9M	55.18M	69.98M	124.26M	109.64M	95.87M	147.65M	147.59M
Net Margin %	0.06%	-0.03%	-0.05%	0.09%	0.11%	0.18%	0.16%	0.14%	0.21%	0.22%
Net Income Growth %	1.29%	-1.36%	-0.7%	2.73%	0.27%	0.78%	-0.12%	-0.13%	0.54%	-0%
Net Income (Continuing)	53.02M	-14.82M	-30.88M	55.79M	70.59M	124.35M	109.64M	95.87M	147.65M	147.59M
Discontinued Operations	0	0	0	0	-612K	-90K	-17K	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.76	-0.27	-0.46	0.77	0.97	1.74	1.55	1.39	2.18	2.19
EPS Growth %	1.29%	-1.36%	-0.7%	2.67%	0.26%	0.79%	-0.11%	-0.1%	0.57%	0%
EPS (Basic)	0.76	-0.28	-0.46	0.79	1.00	1.79	1.57	1.41	2.22	2.25
Diluted Shares Outstanding	68.33M	68.37M	68.95M	71.48M	72.08M	71.27M	70.88M	69.03M	67.83M	67.24M
Basic Shares Outstanding	67.86M	67.35M	68.61M	69.6M	70.09M	69.41M	70.02M	67.93M	66.47M	65.65M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	0.1%	0.21%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	288.96M	248.19M	210.72M	269.45M	360.38M	467.06M	554.45M	575.12M	654.96M	640.15M
Cash & Short-Term Investments	181.82M	197.19M	174.29M	228.82M	294.18M	406.36M	494.19M	508.72M	603.14M	568.92M
Cash Only	66.92M	49.51M	18.11M	32.39M	108.69M	105.68M	319.98M	109.41M	118.01M	109.13M
Short-Term Investments	114.9M	147.68M	156.18M	196.43M	185.49M	300.68M	174.21M	399.31M	485.13M	459.8M
Accounts Receivable	36.81M	23.75M	20.04M	31.32M	56.4M	47.55M	44.73M	46.01M	33.94M	28.14M
Days Sales Outstanding	15.86	12.31	12.26	19.66	32.8	25.25	23.56	24.16	17.45	15.07
Inventory	3.35M	1.87M	1.11M	763K	576K	596K	904K	1.9M	5M	3.39M
Days Inventory Outstanding	4.22	2.9	2.83	2.53	2.06	1.95	3.03	5.95	14.01	10.23
Other Current Assets	52.6M	10.94M	7.56M	774K	1.94M	4.34M	7.71M	10.07M	1.17M	22.79M
Total Non-Current Assets+	321.95M	311.41M	236.38M	213.04M	238.76M	254.46M	292.98M	382.25M	352.35M	596.88M
Property, Plant & Equipment	58.25M	40.51M	33.23M	30.05M	76.37M	72.53M	65.02M	52.19M	40.47M	160.98M
Fixed Asset Turnover	14.55x	17.39x	17.95x	19.35x	8.22x	9.48x	10.66x	13.32x	17.55x	4.23x
Goodwill	87.36M	87.36M	87.36M	87.36M	87.36M	118.31M	162.58M	243.54M	241.16M	258.01M
Intangible Assets	9.3M	8.5M	7.9M	7.9M	7.9M	15.52M	32.21M	53.56M	36.22M	95.01M
Long-Term Investments	116.74M	3.06M	2.55M	942K	0	0	0	0	0	0
Other Non-Current Assets	-87.41M	13.71M	7.26M	5.17M	6.96M	7.74M	8.06M	8.34M	10.7M	14.11M
Total Assets+	610.91M	559.6M	447.1M	482.49M	599.15M	721.52M	847.43M	957.37M	1.01B	1.24B
Asset Turnover	1.39x	1.26x	1.33x	1.20x	1.05x	0.95x	0.82x	0.73x	0.70x	0.55x
Asset Growth %	0.07%	-0.08%	-0.2%	0.08%	0.24%	0.2%	0.17%	0.13%	0.05%	0.23%
Total Current Liabilities+	192.81M	169.21M	112.69M	97.05M	103.81M	103.81M	140.24M	163.38M	111.04M	132.16M
Accounts Payable	25.91M	10.1M	8.52M	9.2M	11.53M	13.26M	10.84M	13.52M	10.77M	12.8M
Days Payables Outstanding	32.63	15.68	21.68	30.54	41.29	43.3	36.38	42.27	30.15	38.67
Short-Term Debt	38M	0	0	0	11.78M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	46.24M	95M	48.35M	30.1M	-11.78M	0	0	0	0	0
Current Ratio	1.50x	1.47x	1.87x	2.78x	3.47x	4.50x	3.95x	3.52x	5.90x	4.84x
Quick Ratio	1.48x	1.46x	1.86x	2.77x	3.47x	4.49x	3.95x	3.51x	5.85x	4.82x
Cash Conversion Cycle	-12.55	-0.47	-6.59	-8.34	-6.44	-16.1	-9.79	-12.16	1.31	-13.36
Total Non-Current Liabilities+	80.5M	68.89M	38.2M	30.24M	64.04M	61.8M	57.08M	68.14M	54.86M	145.34M
Long-Term Debt	0	0	0	0	0	0	0	0	0	56.5M
Capital Lease Obligations	0	0	0	0	52.39M	43.41M	35.55M	27.29M	21.35M	61.78M
Deferred Tax Liabilities	2.86M	0	0	1.17M	0	0	0	0	0	0
Other Non-Current Liabilities	80.5M	68.89M	38.2M	30.24M	11.65M	18.39M	21.53M	40.86M	33.51M	27.06M
Total Liabilities	273.31M	238.1M	150.89M	127.29M	167.85M	165.61M	197.32M	231.52M	165.9M	277.5M
Total Debt+	38M	0	0	0	75.96M	53.19M	44.95M	33.84M	27.05M	131.54M
Net Debt	-28.92M	-49.51M	-18.11M	-32.39M	-32.73M	-52.49M	-275.03M	-75.57M	-90.96M	22.41M
Debt / Equity	0.11x	-	-	-	0.18x	0.10x	0.07x	0.05x	0.03x	0.14x
Debt / EBITDA	-	-	-	-	0.79x	0.34x	0.27x	0.23x	0.16x	0.70x
Net Debt / EBITDA	-	-	-0.38x	-0.40x	-0.34x	-0.33x	-1.66x	-0.51x	-0.54x	0.12x
Interest Coverage	-110.38x	-55.38x	75.69x	104.70x	517.74x	855.89x	161.97x	324.09x	372.39x	284.26x
Total Equity+	337.61M	321.5M	296.2M	355.2M	431.3M	555.91M	650.11M	725.85M	841.42M	959.54M
Equity Growth %	0.2%	-0.05%	-0.08%	0.2%	0.21%	0.29%	0.17%	0.12%	0.16%	0.14%
Book Value per Share	4.94	4.70	4.30	4.97	5.98	7.80	9.17	10.51	12.41	14.27
Total Shareholders' Equity	337.61M	321.5M	296.2M	355.2M	431.3M	555.91M	650.11M	725.85M	841.42M	959.54M
Common Stock	830K	835K	843K	852K	860K	873K	887K	894K	903K	910K
Retained Earnings	-57.52M	-76.23M	-108.13M	-52.95M	18.07M	142.34M	251.97M	347.84M	480.61M	595.67M
Treasury Stock	-215.61M	-216.17M	-217.35M	-220.7M	-227.31M	-246.09M	-276.89M	-301.62M	-334.22M	-344.42M
Accumulated OCI	-880K	-258K	-164K	-298K	344K	364K	-96K	-5.45M	-666K	166K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-21.69M	5.91M	-21.79M	56.99M	73.08M	179.96M	191.12M	148.19M	112.03M	161.59M
Operating CF Margin %	-0.03%	0.01%	-0.04%	0.1%	0.12%	0.26%	0.28%	0.21%	0.16%	0.24%
Operating CF Growth %	0.82%	1.27%	-4.69%	3.62%	0.28%	1.46%	0.06%	-0.22%	-0.24%	0.44%
Net Income	51.88M	-18.71M	-31.9M	55.18M	69.98M	124.26M	109.64M	95.87M	147.65M	147.59M
Depreciation & Amortization	24.94M	22.75M	13.99M	9.39M	9.14M	14.79M	16.77M	19.73M	16.89M	14.64M
Stock-Based Compensation	2.86M	3.24M	4.97M	5.61M	9.27M	13.38M	14.97M	8.75M	8.08M	10.19M
Deferred Taxes	-145.81M	-18.09M	64.22M	17.86M	21.56M	20.35M	15.33M	-720K	3.76M	2.66M
Other Non-Cash Items	84.95M	32.61M	27.44M	31.94M	43.47M	48.17M	44.34M	44.57M	25.39M	38.17M
Working Capital Changes	-40.51M	-15.88M	-100.51M	-63.01M	-80.34M	-40.99M	-9.93M	-20.01M	-89.75M	-51.66M
Change in Receivables	-22.48M	6.92M	5.13M	-10.54M	-33.7M	7.09M	6.63M	6.38M	12.01M	-8.06M
Change in Inventory	6.16M	2.78M	8.74M	3.05M	-1.18M	3.03M	3.29M	2.64M	-2.99M	4.47M
Change in Payables	2.54M	-16.26M	-1.59M	698K	2.32M	374K	-2.74M	1.92M	-4.88M	-727K
Cash from Investing+	-7.99M	-34.35M	-11.65M	-41.49M	7.7M	-165.91M	54.32M	-326.75M	-88.51M	-107.78M
Capital Expenditures	-11.7M	-4.13M	-6.33M	-6.73M	-5.17M	-9.77M	-10.45M	-12.62M	-6.41M	-4.63M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.27M	3.6M	-5.32M	-34.76M	-85K	103K	0	0	0	0
Cash from Financing+	2.52M	11.22M	1.53M	-1.66M	-4.84M	-13.05M	-29.95M	-27.73M	-23.38M	-41.08M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	-14.42M	-31.7M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	27.56M	11.78M	-1.19M	-3.35M	-2.74M	-912K	-5.51M	-5.81M	-3.21M	-3.71M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-33.38M	1.78M	-28.12M	50.26M	67.91M	170.19M	180.66M	135.57M	105.61M	156.97M
FCF Margin %	-0.04%	0%	-0.05%	0.09%	0.11%	0.25%	0.26%	0.2%	0.15%	0.23%
FCF Growth %	0.75%	1.05%	-16.77%	2.79%	0.35%	1.51%	0.06%	-0.25%	-0.22%	0.49%
FCF per Share	-0.49	0.03	-0.41	0.70	0.94	2.39	2.55	1.96	1.56	2.33
FCF Conversion (FCF/Net Income)	-0.42x	-0.32x	0.68x	1.03x	1.04x	1.45x	1.74x	1.55x	0.76x	1.09x
Interest Paid	33K	153K	0	0	0	0	0	0	0	0
Taxes Paid	580K	334K	120K	266K	46K	611K	23.22M	28.94M	41.76M	46.84M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.75%	-5.68%	-10.33%	16.94%	17.8%	25.17%	18.18%	13.93%	18.84%	16.39%
Return on Invested Capital (ROIC)	-27.28%	-8.35%	9.31%	17.8%	17.98%	23.77%	25.44%	18.96%	16.11%	15.09%
Gross Margin	65.8%	66.62%	75.97%	81.09%	83.76%	83.74%	84.31%	83.21%	81.64%	82.26%
Net Margin	6.12%	-2.66%	-5.35%	9.49%	11.15%	18.08%	15.82%	13.79%	20.8%	21.66%
Debt / Equity	0.11x	-	-	-	0.18x	0.10x	0.07x	0.05x	0.03x	0.14x
Interest Coverage	-110.38x	-55.38x	75.69x	104.70x	517.74x	855.89x	161.97x	324.09x	372.39x	284.26x
FCF Conversion	-0.42x	-0.32x	0.68x	1.03x	1.04x	1.45x	1.74x	1.55x	0.76x	1.09x
Revenue Growth	14.29%	-16.86%	-15.33%	-2.54%	7.98%	9.5%	0.83%	0.31%	2.13%	-4.05%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Tuition And Fees Net	-	-	-	-	-	-	-	-	702.92M	676.07M
Tuition And Fees Net Growth	-	-	-	-	-	-	-	-	-	-3.82%
Product and Service, Other	-	-	-	-	-	-	-	-	7.08M	5.19M
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-	-26.71%
Corporate and Other	-	-	-	-	-	-	-	1.11M	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-
Corporate And Other	157K	-	-	-	67K	446K	1.13M	-	-	-
Corporate And Other Growth	-	-	-	-	-	565.67%	152.24%	-	-	-
Business Excluding All Other Campuses Segment	-	-	569.58M	580.69M	-	-	-	-	-	-
Business Excluding All Other Campuses Segment Growth	-	-	-	1.95%	-	-	-	-	-	-
All Other Campuses	-	-	26.86M	606K	-	-	-	-	-	-
All Other Campuses Growth	-	-	-	-97.74%	-	-	-	-	-	-
Business Excluding Transitional And Culinary Segment	-	562.35M	-	-	-	-	-	-	-	-
Business Excluding Transitional And Culinary Segment Growth	-	-	-	-	-	-	-	-	-	-
Culinary Arts	170.19M	104.45M	-	-	-	-	-	-	-	-
Culinary Arts Growth	-	-38.63%	-	-	-	-	-	-	-	-
Transitional Group	127.06M	37.59M	-	-	-	-	-	-	-	-
Transitional Group Growth	-	-70.42%	-	-	-	-	-	-	-	-
Business Excluding Transitional Group	550.02M	-	-	-	-	-	-	-	-	-
Business Excluding Transitional Group Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Perdoceo Education Corporation (PRDO) has a price-to-earnings (P/E) ratio of 14.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Perdoceo Education Corporation (PRDO) reported $768.8M in revenue for fiscal year 2024. This represents a 59% decrease from $1.88B in 2011.

Perdoceo Education Corporation (PRDO) saw revenue decline by 4.0% over the past year.

Yes, Perdoceo Education Corporation (PRDO) is profitable, generating $154.4M in net income for fiscal year 2024 (21.7% net margin).

Dividend & Returns

Yes, Perdoceo Education Corporation (PRDO) pays a dividend with a yield of 1.48%. This makes it attractive for income-focused investors.

Perdoceo Education Corporation (PRDO) has a return on equity (ROE) of 16.4%. This is reasonable for most industries.

Perdoceo Education Corporation (PRDO) generated $205.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.