Strategic Education, Inc.(STRA)Earnings, Financials & Key Ratios

STRA•NASDAQ

$78.94

$1.79B mkt cap·14.6× P/E·Price updated May 6, 2026

SectorConsumer Defensive IndustryEducation & Training Sub-IndustryDegree-Granting Colleges and Universities

AboutStrategic Education, Inc., through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute. It also operates Capella University, an online post-secondary education institution that provides various bachelor's, master's, and doctoral degree programs to working adults in arts and sciences, business and technology, counseling and human services, education, nursing and health sciences, psychology, and public service leadership. The company operates Torrens University, which offers undergraduate, graduate, higher degree by research, and specialized degree courses primarily 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 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 in New Zealand. It also offers Workforce Edge, a platform to employers that provides education benefits administration solutions; and Sophia Learning, which enables lower cost education benefits programs. The company was founded in 1892 and is headquartered in Herndon, Virginia.Show more

Revenue$1.27B+4.0%
EBITDA$245M+22.3%
Net Income$127M+12.4%
EPS (Diluted)5.42+16.1%
Gross Margin48.97%+4.9%
EBITDA Margin19.28%+17.6%
Operating Margin15.47%+21.2%
Net Margin9.98%+8.1%
ROE7.65%+12.6%
ROIC9.01%+29.2%
Debt/Equity0.07-12.0%

Technical→

STRA Key Insights

Strategic Education, Inc. (STRA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.2%
✓Share count reduced 5.5% through buybacks
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

STRA Price & Volume

Strategic Education, Inc. (STRA) stock price & volume — 10-year historical chart

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STRA Growth Metrics

Strategic Education, Inc. (STRA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.31%

5 Years4.3%

3 Years5.98%

TTM3.02%

Profit CAGR

10 Years12.21%

5 Years7.98%

3 Years39.47%

TTM15.04%

EPS CAGR

10 Years3.81%

5 Years7.53%

3 Years40.84%

TTM20.94%

Return on Capital

10 Years8.93%

5 Years6.19%

3 Years7.99%

Last Year10.74%

STRA Recent Earnings

Strategic Education, Inc. (STRA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

Apr 23, 2026

EPS

$1.42

Est $1.51

-6.0%

Revenue

$306M

Est $310M

-1.2%

Q1 2026

Feb 26, 2026

EPS

$1.74

Est $1.41

+23.4%

Revenue

$323M

Est $322M

+0.3%

Q4 2025

Nov 6, 2025

EPS

$1.63

Est $1.30

+25.4%

Revenue

$320M

Est $322M

-0.7%

Q3 2025

Jul 30, 2025

EPS

$1.52

Est $1.42

+7.0%

Revenue

$321M

Est $315M

+1.9%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 23, 2026	$1.42vs $1.51-6.0%	$306Mvs $310M-1.2%
Q1 2026	Feb 26, 2026	$1.74vs $1.41+23.4%	$323Mvs $322M+0.3%
Q4 2025	Nov 6, 2025	$1.63vs $1.30+25.4%	$320Mvs $322M-0.7%
Q3 2025	Jul 30, 2025	$1.52vs $1.42+7.0%	$321Mvs $315M+1.9%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
PRDOPerdoceo Education CorporationDirect Competitor	2.18B	34.75	14.36	24.2%	18.9%	16.3%	9.94%	0.11
LAURLaureate Education, Inc.Direct Competitor	4.61B	32.30	17.09	8.64%	16.08%	25.36%	5.71%	0.71
GHCGraham Holdings CompanyDirect Competitor	4.9B	1127.52	16.96	2.52%	7.94%	6.39%	5.46%	0.36
ATGEAdtalem Global Education Inc.Direct Competitor	3.7B	106.64	17.57	12.85%	13.41%	18.37%	7.78%	0.54
LOPEGrand Canyon Education, Inc.Direct Competitor	4.59B	169.25	21.95	7.07%	26.92%	29.53%	5.19%	0.27
APEIAmerican Public Education, Inc.Product Competitor	1.05B	58.12	42.74	3.89%	2.15%	10.92%	4.38%	0.23
UTIUniversal Technical Institute, Inc.Product Competitor	2.11B	38.62	34.18	14.05%	6.28%	15.98%	2.63%	1.38
LINCLincoln Educational Services CorporationProduct Competitor	1.43B	45.09	69.37	17.76%	3.86%	10.01%		1.02

Compare STRA vs Peers

Strategic Education, Inc. (STRA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PRDO

Most directly comparable listed peer for STRA.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare STRA against a more recognizable public peer.

Peer Set

Compare Top 5

vs PRDO, LAUR, GHC, ATGE

STRA Income Statement

Strategic Education, Inc. (STRA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	454.85M	634.18M	997.14M	1.03B	1.13B	1.07B	1.13B	1.22B	1.27B	1.27B
Revenue Growth %	3.12%	39.43%	57.23%	3.06%	10.12%	-5.85%	6.33%	7.68%	3.96%	3.02%
Cost of Goods Sold	245.18M	340.08M	530.6M	532.66M	608.26M	597.32M	623.9M	650.5M	647.11M	488.82M
COGS % of Revenue	53.9%	53.62%	53.21%	51.83%	53.75%	56.06%	55.07%	53.32%	51.03%	-
Gross Profit	209.67M▲ 0%	294.11M▲ 40.3%	466.53M▲ 58.6%	494.99M▲ 6.1%	523.42M▲ 5.7%	468.16M▼ 10.6%	509.02M▲ 8.7%	569.43M▲ 11.9%	621.11M▲ 9.1%	475.81M▲ 0%
Gross Margin %	46.1%	46.38%	46.79%	48.17%	46.25%	43.94%	44.93%	46.68%	48.97%	37.45%
Gross Profit Growth %	4.8%	40.27%	58.63%	6.1%	5.74%	-10.56%	8.73%	11.87%	9.07%	-
Operating Expenses	157.47M	251.19M	356M	385.61M	449.51M	397.4M	413.7M	413.81M	424.97M	338.41M
OpEx % of Revenue	34.62%	39.61%	35.7%	37.52%	39.72%	37.3%	36.52%	33.92%	33.51%	-
Selling, General & Admin	137.97M	194.03M	272.41M	295.23M	361.35M	379.82M	384.44M	412.16M	310.79M	207.19M
SG&A % of Revenue	30.33%	30.6%	27.32%	28.73%	31.93%	35.65%	33.93%	33.79%	24.51%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	19.49M	3.6M	83.59M	90.38M	88.17M	17.58M	29.26M	1.65M	114.18M	3M
Operating Income	52.21M▲ 0%	-22.74M▼ 143.6%	110.53M▲ 586.1%	109.38M▼ 1.0%	73.91M▼ 32.4%	70.76M▼ 4.3%	95.32M▲ 34.7%	155.63M▲ 63.3%	196.14M▲ 26.0%	178.48M▲ 0%
Operating Margin %	11.48%	-3.59%	11.08%	10.64%	6.53%	6.64%	8.41%	12.76%	15.47%	14.05%
Operating Income Growth %	-9.16%	-143.56%	586.07%	-1.04%	-32.43%	-4.26%	34.71%	63.27%	26.03%	-
EBITDA	70.94M	31.8M	215.39M	218.54M	177.33M	133.88M	152.63M	200.01M	244.55M	215.7M
EBITDA Margin %	15.6%	5.01%	21.6%	21.27%	15.67%	12.57%	13.47%	16.39%	19.28%	16.98%
EBITDA Growth %	-5.77%	-55.17%	577.27%	1.46%	-18.86%	-24.5%	14%	31.04%	22.27%	8.63%
D&A (Non-Cash Add-back)	18.73M	54.54M	104.86M	109.15M	103.42M	63.12M	57.31M	44.38M	48.41M	37.22M
EBIT	56.58M	-19.14M	132.46M	135.54M	110.58M	73.99M	113.12M	157.28M	177.39M	138.49M
Net Interest Income	-642K	0	3.4M	1.2M	0	0	0	0	0	0
Interest Income	0	0	3.4M	2.6M	0	0	0	0	0	0
Interest Expense	642K	0	0	1.4M	0	0	0	0	0	0
Other Income/Expense	437K	3.6M	13.19M	4.57M	2.69M	-1.19M	5.41M	5.8M	-18.75M	-805K
Pretax Income	52.65M▲ 0%	-19.14M▼ 136.4%	123.72M▲ 746.4%	113.96M▼ 7.9%	76.6M▼ 32.8%	69.57M▼ 9.2%	100.73M▲ 44.8%	161.43M▲ 60.3%	177.39M▲ 9.9%	177.68M▲ 0%
Pretax Margin %	11.57%	-3.02%	12.41%	11.09%	6.77%	6.53%	8.89%	13.23%	13.99%	13.98%
Income Tax	32.03M	-3.47M	42.59M	27.69M	21.51M	22.9M	30.93M	48.75M	50.78M	48M
Effective Tax Rate %	60.85%	18.12%	34.42%	24.3%	28.08%	32.92%	30.71%	30.2%	28.63%	27.01%
Net Income	20.61M▲ 0%	-15.67M▼ 176.0%	81.14M▲ 617.8%	86.27M▲ 6.3%	55.09M▼ 36.1%	46.67M▼ 15.3%	69.79M▲ 49.5%	112.68M▲ 61.5%	126.61M▲ 12.4%	129.68M▲ 0%
Net Margin %	4.53%	-2.47%	8.14%	8.39%	4.87%	4.38%	6.16%	9.24%	9.98%	10.21%
Net Income Growth %	-40.77%	-176.03%	617.76%	6.32%	-36.14%	-15.28%	49.54%	61.46%	12.36%	15.04%
Net Income (Continuing)	20.61M	-15.67M	81.14M	86.27M	55.09M	46.67M	69.79M	112.68M	126.61M	129.68M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	1.84▲ 0%	-1.03▼ 156.0%	3.67▲ 456.3%	3.77▲ 2.7%	2.28▼ 39.5%	1.94▼ 14.9%	2.91▲ 50.0%	4.67▲ 60.5%	5.42▲ 16.1%	5.85▲ 0%
EPS Growth %	-42.68%	-155.98%	456.31%	2.72%	-39.52%	-14.91%	50%	60.48%	16.06%	20.94%
EPS (Basic)	1.93	-1.03	3.73	3.81	2.30	1.97	2.98	4.81	5.58	-
Diluted Shares Outstanding	11.2M	15.19M	22.1M	22.86M	24.12M	24M	23.96M	24.14M	22.82M	22.17M
Basic Shares Outstanding	10.68M	15.19M	21.73M	22.63M	23.95M	23.68M	23.4M	23.41M	22.18M	21.62M
Dividend Payout Ratio	55.39%	-	57.46%	64.86%	107.19%	126.93%	84.22%	52.33%	45.45%	-

STRA Balance Sheet

Strategic Education, Inc. (STRA) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	190.35M	420.36M	524.09M	286.12M	367.79M	329.06M	329.07M	304.94M	277.86M	303.84M
Cash & Short-Term Investments	155.93M	348.85M	454.57M	195.07M	275.42M	222.82M	208.21M	184.02M	148.05M	157.63M
Cash Only	155.93M	311.73M	419.69M	187.51M	268.92M	213.67M	168.48M	137.07M	140.76M	150.35M
Short-Term Investments	0	37.12M	34.87M	7.56M	6.5M	9.16M	39.73M	46.95M	7.3M	7.28M
Accounts Receivable	23.12M	55.69M	51.52M	51.6M	51.59M	62.95M	76.1M	76.13M	78.2M	86.19M
Days Sales Outstanding	18.55	32.05	18.86	18.33	16.64	21.57	24.52	22.78	22.51	27.32
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	11.29M	15.81M	18M	39.46M	22.91M	24.21M	24.73M	23.95M	51.6M	60.02M
Total Non-Current Assets	130.93M	1.24B	1.27B	2.01B	1.94B	1.83B	1.8B	1.74B	1.76B	1.77B
Property, Plant & Equipment	73.76M	122.68M	201.81M	279.54M	300.18M	258.09M	237.73M	214.92M	198.51M	196.64M
Fixed Asset Turnover	6.17x	5.17x	4.94x	3.68x	3.77x	4.13x	4.77x	5.68x	6.39x	6.27x
Goodwill	20.74M	732.54M	732.08M	1.32B	1.29B	1.25B	1.25B	1.21B	1.24B	1.26B
Intangible Assets	7.26M	328.34M	273.01M	326.42M	276.38M	260.54M	251.62M	245.1M	249.24M	250.41M
Long-Term Investments	3.4M	37.68M	54.55M	48.59M	42.53M	30.4M	19.36M	31.2M	23.98M	82.07M
Other Non-Current Assets	8.57M	-39.93M	3.87M	36.61M	33.14M	32.38M	35.55M	46.7M	46.54M	232.83M
Total Assets	321.28M▲ 0%	1.66B▲ 417.0%	1.79B▲ 7.7%	2.3B▲ 28.3%	2.31B▲ 0.4%	2.16B▼ 6.3%	2.13B▼ 1.7%	2.05B▼ 3.6%	2.04B▼ 0.5%	2.08B▲ 0%
Asset Turnover	1.42x	0.38x	0.56x	0.45x	0.49x	0.49x	0.53x	0.60x	0.62x	0.61x
Asset Growth %	7.56%	417.01%	7.73%	28.3%	0.44%	-6.25%	-1.69%	-3.55%	-0.55%	-7.75%
Total Current Liabilities	69.07M	125.13M	156.75M	200.05M	195.75M	209.94M	209.62M	216.46M	217.94M	262.93M
Accounts Payable	46.18M	36.57M	47.5M	64.05M	45.34M	45.83M	49.25M	55.73M	55.99M	0
Days Payables Outstanding	68.74	39.25	32.68	43.89	27.21	28	28.81	31.27	31.58	33.05
Short-Term Debt	0	0	0	0	0	0	0	0	15.9M	14.32M
Deferred Revenue (Current)	21.85M	38.73M	39.28M	60.5M	73.23M	88.49M	92.34M	89.56M	0	287.08M
Other Current Liabilities	0	35.84M	33.92M	33.16M	27.42M	32.61M	34.99M	38.84M	146.05M	248.61M
Current Ratio	2.76x	3.36x	3.34x	1.43x	1.88x	1.57x	1.57x	1.41x	1.27x	1.27x
Quick Ratio	2.76x	3.36x	3.34x	1.43x	1.88x	1.57x	1.57x	1.41x	1.27x	1.27x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-5.73
Total Non-Current Liabilities	43.02M	110.67M	169.95M	347.44M	396.13M	316.01M	263.08M	170.78M	174.19M	181M
Long-Term Debt	0	-2.3M	0	141.82M	141.63M	101.4M	61.4M	0	0	94.88M
Capital Lease Obligations	2.83M	2.3M	80.56M	106.15M	162.82M	134.01M	127.73M	103M	93.22M	292.64M
Deferred Tax Liabilities	-23.86M	59.36M	47.94M	53.41M	44.59M	34.6M	28.34M	27.59M	35.84M	133.97M
Other Non-Current Liabilities	19.15M	19.23M	10.53M	11.19M	12.38M	9.47M	8.41M	5.68M	9.56M	69.33M
Total Liabilities	112.08M	235.81M	326.7M	547.49M	591.89M	525.96M	472.69M	387.24M	392.13M	443.92M
Total Debt	2.83M	2.3M	105.84M	282.78M	331.46M	259.28M	213.32M	125.23M	109.12M	109.2M
Net Debt	-153.1M	-309.43M	-313.85M	95.27M	62.54M	45.61M	44.84M	-11.85M	-31.64M	-41.15M
Debt / Equity	0.01x	0.00x	0.07x	0.16x	0.19x	0.16x	0.13x	0.08x	0.07x	0.07x
Debt / EBITDA	0.04x	0.07x	0.49x	1.29x	1.87x	1.94x	1.40x	0.63x	0.45x	0.51x
Net Debt / EBITDA	-2.16x	-9.73x	-1.46x	0.44x	0.35x	0.34x	0.29x	-0.06x	-0.13x	-0.13x
Interest Coverage	88.12x	-	-	96.81x	-	-	-	-	-	-
Total Equity	209.2M▲ 0%	1.43B▲ 581.3%	1.46B▲ 2.6%	1.75B▲ 19.5%	1.71B▼ 2.0%	1.64B▼ 4.6%	1.65B▲ 1.0%	1.66B▲ 0.6%	1.65B▼ 1.0%	1.63B▲ 0%
Equity Growth %	11.05%	581.28%	2.63%	19.53%	-1.96%	-4.56%	1.02%	0.6%	-0.97%	-5.72%
Book Value per Share	18.68	93.83	66.19	76.48	71.06	68.16	68.98	68.87	72.15	73.72
Total Shareholders' Equity	209.2M	1.43B	1.46B	1.75B	1.71B	1.64B	1.65B	1.66B	1.65B	1.63B
Common Stock	112K	217K	220K	244K	246K	244K	244K	245K	230K	226K
Retained Earnings	162.01M	118.32M	152.82M	179.65M	174.57M	159.69M	168.87M	218.41M	255.5M	265.79M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-170.3M	32K	233K	48.88M	9.2M	-35.07M	-34.25M	-88.56M	-46.12M	-30.96M
Minority Interest	0	0	0	0	0	0	0	0	0	0

STRA Cash Flow Statement

Strategic Education, Inc. (STRA) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	56.16M	46.87M	202.15M	142.91M	180.53M	126.05M	117.12M	169.33M	198.2M	198.2M
Operating CF Margin %	12.35%	7.39%	20.27%	13.91%	15.95%	11.83%	10.34%	13.88%	15.63%	-
Operating CF Growth %	26.16%	-16.54%	331.32%	-29.31%	26.33%	-30.18%	-7.09%	44.58%	17.05%	220.78%
Net Income	20.61M	-15.67M	81.14M	86.27M	55.09M	46.67M	69.79M	112.68M	126.61M	129.68M
Depreciation & Amortization	18.73M	54.54M	104.86M	109.15M	103.42M	63.12M	57.31M	44.38M	-7K	12.21M
Stock-Based Compensation	11.63M	15.53M	12.16M	14.61M	18.15M	21.79M	19.77M	25.57M	22.95M	22.87M
Deferred Taxes	6.43M	-16.32M	-8.04M	-13.43M	-7.71M	-8.67M	-6.32M	-150K	7.73M	7.93M
Other Non-Cash Items	-1.65M	18.78M	6.67M	1.46M	17.62M	-1.12M	3.49M	-5.11M	50.9M	73.3M
Working Capital Changes	405K	-10M	5.35M	-55.16M	-6.04M	4.25M	-26.93M	-8.05M	-9.99M	-28.07M
Change in Receivables	-3.25M	7.88M	1.77M	19.66M	-196K	-12.56M	-12.87M	221K	-1.09M	12.3M
Change in Inventory	-10.61M	0	-5.58M	22.68M	6.7M	0	0	0	0	0
Change in Payables	4.47M	1.14M	245K	-22.68M	-6.7M	-4.34M	552K	11.58M	4.22M	1.68M
Cash from Investing	-18.05M	130.14M	-38.07M	-642.19M	-33.09M	-31.36M	-48.55M	-64.36M	8.51M	32K
Capital Expenditures	-18.05M	-27.55M	-38.69M	-46.81M	-49.43M	-43.17M	-36.94M	-40.58M	-44.25M	-44M
CapEx % of Revenue	3.97%	4.34%	3.88%	4.56%	4.37%	4.05%	3.26%	3.33%	3.49%	-
Acquisitions	0	167.86M	-623K	-628.76M	8.33M	-800K	-530K	-177K	-36K	-36K
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-1.24M	623K	0	0	6.53M	5.58M	0	1.81M	-19.25M
Cash from Financing	-11.42M	-21.21M	-55.82M	279.19M	-67.89M	-142.36M	-113.61M	-136.77M	-206.16M	-216.14M
Debt Issued (Net)	0	0	0	141.82M	0	-40M	-40M	-61.27M	0	0
Equity Issued (Net)	0	0	0	220M	-5.91M	-40.12M	-10M	-11.51M	-138.89M	-106.87M
Dividends Paid	-11.42M	-27.84M	-46.63M	-55.96M	-59.05M	-59.24M	-58.78M	-58.97M	-57.54M	-56.32M
Share Repurchases	0	0	0	-247K	-5.91M	-40.12M	-10M	-11.51M	-138.89M	-146.86M
Other Financing	0	6.63M	-9.2M	-26.68M	-2.94M	-3M	-4.83M	-5.02M	-9.72M	-52.95M
Net Change in Cash	26.69M▲ 0%	155.79M▲ 483.7%	108.26M▼ 30.5%	-218.48M▼ 301.8%	77.19M▲ 135.3%	-51.76M▼ 167.1%	-45.53M▲ 12.0%	-35.27M▲ 22.5%	2.85M▲ 108.1%	4.24M▲ 0%
Free Cash Flow	38.1M▲ 0%	19.32M▼ 49.3%	163.46M▲ 746.1%	96.09M▼ 41.2%	131.09M▲ 36.4%	82.88M▼ 36.8%	80.18M▼ 3.3%	128.75M▲ 60.6%	153.95M▲ 19.6%	173.92M▲ 0%
FCF Margin %	8.38%	3.05%	16.39%	9.35%	11.58%	7.78%	7.08%	10.55%	12.14%	13.69%
FCF Growth %	21.55%	-49.3%	746.05%	-41.21%	36.42%	-36.78%	-3.26%	60.59%	19.57%	47.83%
FCF per Share	3.40	1.27	7.40	4.20	5.43	3.45	3.35	5.33	6.75	6.75
FCF Conversion (FCF/Net Income)	2.72x	-2.99x	2.49x	1.66x	3.28x	2.70x	1.68x	1.50x	1.57x	1.34x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

STRA Key Ratios

Strategic Education, Inc. (STRA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	10.37%	-1.92%	5.62%	5.37%	3.18%	2.79%	4.24%	6.8%	7.65%	7.85%
Return on Invested Capital (ROIC)	66.42%	-2.91%	7.32%	5.48%	3.06%	3.07%	4.23%	6.97%	9.01%	9.01%
Gross Margin	46.1%	46.38%	46.79%	48.17%	46.25%	43.94%	44.93%	46.68%	48.97%	37.45%
Net Margin	4.53%	-2.47%	8.14%	8.39%	4.87%	4.38%	6.16%	9.24%	9.98%	10.21%
Debt / Equity	0.01x	0.00x	0.07x	0.16x	0.19x	0.16x	0.13x	0.08x	0.07x	0.07x
Interest Coverage	88.12x	-	-	96.81x	-	-	-	-	-	-
FCF Conversion	2.72x	-2.99x	2.49x	1.66x	3.28x	2.70x	1.68x	1.50x	1.57x	1.34x
Revenue Growth	3.12%	39.43%	57.23%	3.06%	10.12%	-5.85%	6.33%	7.68%	3.96%	3.02%

STRA SEC Filings & Documents

Strategic Education, Inc. (STRA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 23, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 23, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Jul 30, 2025·SEC

STRA Frequently Asked Questions

Strategic Education, Inc. (STRA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Strategic Education, Inc. (STRA) reported $1.27B in revenue for fiscal year 2025. This represents a 2723% increase from $45.0M in 1996.

Strategic Education, Inc. (STRA) grew revenue by 4.0% over the past year. Growth has been modest.

Yes, Strategic Education, Inc. (STRA) is profitable, generating $129.7M in net income for fiscal year 2025 (10.0% net margin).

Dividend & Returns

Yes, Strategic Education, Inc. (STRA) pays a dividend with a yield of 3.19%. This makes it attractive for income-focused investors.

Strategic Education, Inc. (STRA) has a return on equity (ROE) of 7.7%. This is below average, suggesting room for improvement.

Strategic Education, Inc. (STRA) generated $173.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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