Stride, Inc. (LRN) Financial Ratios
21 years of historical data (2005–2025) · Consumer Defensive · Education & Training Services
EV/EBITDA
↑
6.94
↓-21% vs avg
5yr avg: 8.76
30Y Low3.1·High21.9
P/FCF
↑
9.46
↓-36% vs avg
5yr avg: 14.70
30Y Low8.2·High31.3
P/B Ratio
↑
2.71
+5% vs avg
5yr avg: 2.57
30Y Low0.9·High4.8
ROE
↑
21.7%
↓+39% vs avg
5yr avg: 15.6%
30Y Low-14%·High22%
Debt/EBITDA
↓
1.16
↓-37% vs avg
5yr avg: 1.83
30Y Low0.2·High2.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LRN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Stride, Inc. trades at 13.9x earnings, 20% below its 5-year average of 17.4x, sitting at the 6th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a discount of 26%. On a free-cash-flow basis, the stock trades at 9.5x P/FCF, 36% below the 5-year average of 14.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.5B | $7.0B | $3.1B | $1.6B | $1.7B | $1.3B | $1.1B | $1.2B | $665M | $708M | $485M |
| Enterprise Value | $3.3B | $6.8B | $3.1B | $1.7B | $1.9B | $1.4B | $1.1B | $987M | $460M | $499M | $294M |
| P/E Ratio → | 13.92 | 24.40 | 15.03 | 12.54 | 16.19 | 18.79 | 45.40 | 33.42 | 24.07 | 1792.00 | 54.30 |
| P/S Ratio | 1.47 | 2.92 | 1.50 | 0.87 | 1.03 | 0.88 | 1.06 | 1.23 | 0.72 | 0.80 | 0.56 |
| P/B Ratio | 2.71 | 4.75 | 2.61 | 1.68 | 2.13 | 1.67 | 1.64 | 1.97 | 1.13 | 1.23 | 0.87 |
| P/FCF | 9.46 | 18.85 | 14.13 | 11.65 | 12.43 | 16.43 | 31.27 | 13.36 | 10.69 | 17.48 | 8.24 |
| P/OCF | 8.15 | 16.24 | 11.01 | 7.83 | 8.37 | 10.03 | 13.77 | 8.79 | 6.31 | 7.98 | 3.98 |
P/E links to full P/E history page with 30-year chart
LRN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Stride, Inc.'s enterprise value stands at 6.9x EBITDA, 21% below its 5-year average of 8.8x. The Consumer Defensive sector median is 11.0x, placing the stock at a 37% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.83 | 1.52 | 0.94 | 1.13 | 0.93 | 1.09 | 0.97 | 0.50 | 0.56 | 0.34 |
| EV / EBITDA | 6.94 | 14.32 | 8.62 | 6.25 | 7.49 | 7.11 | 10.81 | 8.44 | 4.56 | 5.71 | 3.58 |
| EV / EBIT | 9.14 | 17.26 | 11.20 | 9.53 | 12.28 | 12.58 | 34.83 | 21.69 | 18.01 | 38.00 | 21.16 |
| EV / FCF | — | 18.23 | 14.26 | 12.62 | 13.70 | 17.41 | 31.92 | 10.59 | 7.39 | 12.32 | 5.00 |
LRN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Stride, Inc. earns an operating margin of 15.0%, above the Consumer Defensive sector average of 3.5%. Operating margins have expanded from 9.0% to 15.0% over the past 3 years, signaling improving operational efficiency. ROE of 21.7% indicates solid capital efficiency, compared to the sector median of 6.5%. ROIC of 22.0% represents excellent returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.2% | 39.2% | 37.4% | 35.2% | 35.4% | 34.8% | 33.4% | 34.7% | 35.4% | 37.3% | 37.4% |
| Operating Margin | 15.0% | 15.0% | 12.2% | 9.0% | 9.3% | 7.2% | 3.1% | 4.5% | 2.8% | 1.5% | 1.6% |
| Net Profit Margin | 12.0% | 12.0% | 10.0% | 6.9% | 6.4% | 4.6% | 2.4% | 3.7% | 3.0% | 0.1% | 1.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.7% | 21.7% | 19.2% | 14.4% | 13.2% | 9.7% | 3.7% | 6.1% | 4.8% | 0.1% | 1.6% |
| ROA | 13.7% | 13.7% | 11.1% | 7.5% | 6.7% | 5.4% | 2.6% | 4.8% | 3.7% | 0.1% | 1.3% |
| ROIC | 22.0% | 22.0% | 16.4% | 12.0% | 12.5% | 10.5% | 4.5% | 9.0% | 5.1% | 2.7% | 2.8% |
| ROCE | 19.6% | 19.6% | 16.0% | 11.9% | 12.0% | 10.7% | 4.4% | 7.1% | 4.1% | 2.1% | 2.3% |
LRN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Stride, Inc. carries a Debt/EBITDA ratio of 1.2x, which is manageable (67% below the sector average of 3.5x). The company holds a net cash position — cash of $782M exceeds total debt of $550M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 37.5x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.45 | 0.57 | 0.70 | 0.58 | 0.35 | 0.04 | 0.04 | 0.04 | 0.04 |
| Debt / EBITDA | 1.16 | 1.16 | 1.47 | 1.97 | 2.22 | 2.33 | 2.25 | 0.21 | 0.26 | 0.25 | 0.28 |
| Net Debt / Equity | — | -0.16 | 0.02 | 0.14 | 0.22 | 0.10 | 0.03 | -0.41 | -0.35 | -0.36 | -0.34 |
| Net Debt / EBITDA | -0.49 | -0.49 | 0.08 | 0.48 | 0.69 | 0.40 | 0.22 | -2.21 | -2.03 | -2.39 | -2.32 |
| Debt / FCF | — | -0.62 | 0.13 | 0.97 | 1.27 | 0.98 | 0.65 | -2.77 | -3.30 | -5.16 | -3.24 |
| Interest Coverage | 37.48 | 37.48 | 31.38 | 21.53 | 18.77 | 6.30 | — | — | — | — | 22.55 |
Net cash position: cash ($782M) exceeds total debt ($550M)
LRN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Stride, Inc.'s current ratio of 5.39x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 3.45x to 5.39x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.39 | 5.39 | 5.10 | 3.45 | 3.15 | 2.80 | 1.83 | 3.40 | 3.91 | 4.02 | 3.62 |
| Quick Ratio | 5.27 | 5.27 | 4.95 | 3.33 | 3.03 | 2.67 | 1.73 | 3.21 | 3.68 | 3.76 | 3.38 |
| Cash Ratio | 3.25 | 3.25 | 2.83 | 1.69 | 1.29 | 1.26 | 0.78 | 1.82 | 1.99 | 1.96 | 1.74 |
| Asset Turnover | — | 1.05 | 1.06 | 1.04 | 1.03 | 0.97 | 0.97 | 1.24 | 1.24 | 1.21 | 1.19 |
| Inventory Turnover | 38.90 | 38.90 | 34.74 | 32.42 | 30.28 | 25.24 | 24.50 | 22.15 | 22.86 | 18.27 | 17.84 |
| Days Sales Outstanding | — | 84.92 | 84.58 | 92.12 | 90.58 | 87.71 | 82.81 | 68.86 | 70.13 | 78.96 | 70.91 |
LRN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Stride, Inc. returns 0.6% to shareholders annually primarily through share buybacks. The earnings yield of 7.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 4.1% | 6.7% | 8.0% | 6.2% | 5.3% | 2.2% | 3.0% | 4.2% | 0.1% | 1.8% |
| FCF Yield | 10.6% | 5.3% | 7.1% | 8.6% | 8.0% | 6.1% | 3.2% | 7.5% | 9.4% | 5.7% | 12.1% |
| Buyback Yield | 0.6% | 0.3% | 0.3% | 0.9% | 2.2% | 0.7% | 0.0% | 0.8% | 4.1% | 0.9% | 0.7% |
| Total Shareholder Yield | 0.6% | 0.3% | 0.3% | 0.9% | 2.2% | 0.7% | 0.0% | 0.8% | 4.1% | 0.9% | 0.7% |
| Shares Outstanding | — | $48M | $44M | $43M | $42M | $42M | $41M | $41M | $41M | $40M | $39M |
Peer Comparison
Compare LRN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LRNYou | $4B | 13.9 | 6.9 | 9.5 | 39.2% | 15.0% | 21.7% | 22.0% | 1.2 |
 PRDO | $2B | 13.2 | 8.3 | 9.3 | 71.7% | 23.2% | 16.6% | 15.3% | 0.4 |
 LAUR | $5B | 19.3 | 10.9 | 19.8 | 28.3% | 25.3% | 26.2% | 20.3% | 1.6 |
 ATGE | $4B | 17.6 | 10.9 | 12.9 | 56.9% | 19.1% | 16.9% | 12.8% | 2.0 |
 GHC | $5B | 17.2 | 15.2 | 18.6 | 27.6% | 5.1% | 6.4% | 3.3% | 4.1 |
 LOPE | $4B | 18.4 | 11.4 | 16.1 | 52.4% | 27.5% | 28.2% | 32.5% | 0.6 |
 CHGG | $118M | -1.1 | 11.1 | — | 60.2% | -16.8% | -66.2% | -13.4% | 5.5 |
 COUR | $906M | -17.3 | — | 8.4 | 54.6% | -10.3% | -8.3% | — | — |
 UDMY | $677M | 180.2 | 20.0 | 8.4 | 65.6% | -0.3% | 1.9% | -56.7% | 0.4 |
 GOOG | $4.4T | 34.0 | 29.8 | 60.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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LRN — Frequently Asked Questions
Quick answers to the most common questions about buying LRN stock.
What is Stride, Inc.'s P/E ratio?
Stride, Inc.'s current P/E ratio is 13.9x. The historical average is 36.1x. This places it at the 6th percentile of its historical range.
What is Stride, Inc.'s EV/EBITDA?
Stride, Inc.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
What is Stride, Inc.'s ROE?
Stride, Inc.'s return on equity (ROE) is 21.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 7.3%.
Is LRN stock overvalued?
Based on historical data, Stride, Inc. is trading at a P/E of 13.9x. This is at the 6th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Stride, Inc.'s profit margins?
Stride, Inc. has 39.2% gross margin and 15.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Stride, Inc. have?
Stride, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.