15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.3% per year over the past 5 years.
Net income has grown faster than revenue (8.0% vs 4.3% per year).
Operating margin has expanded, at 13.7% in the latest year.
Free cash flow has grown 9.9% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 9 consecutive years, consuming 45.4% of earnings and 37.4% of free cash flow.
The dividend has grown 0.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.3B
$127M
0.0%
13.7%
$154M
—
$141M
2024
$1.2B
$113M
0.0%
12.8%
$129M
$0
$137M
2023
$1.1B
$70M
0.0%
8.4%
$80M
$61M
$168M
2022
$1.1B
$47M
0.0%
6.6%
$83M
$101M
$214M
2021
$1.1B
$55M
0.0%
6.5%
$131M
$142M
$269M
2020
$1.0B
$86M
0.0%
10.6%
$96M
$142M
$188M
2019
$997M
$81M
0.0%
11.1%
$163M
$0
$420M
2018
$634M
-$16M
0.0%
-3.6%
$19M
—
$312M
2017
$455M
$21M
0.0%
11.5%
$38M
—
$156M
2016
$441M
$35M
0.0%
13.0%
$31M
—
$129M
2015
—
$40M
—
—
$65M
—
$107M
2014
—
$46M
—
—
$71M
$119M
$162M
2013
—
$16M
—
—
$75M
$122M
$95M
2012
—
$66M
—
—
$57M
$125M
$48M
2011
—
$106M
—
—
$124M
$118M
$57M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$306M
$33M
0.0%
13.4%
$77M
—
$150M
Dec '25
$323M
$38M
0.0%
16.0%
$27M
—
$141M
Sep '25
$320M
$27M
0.0%
11.6%
$49M
—
$151M
Jun '25
$321M
$32M
0.0%
14.2%
$20M
—
$134M
Mar '25
$304M
$30M
0.0%
13.1%
$57M
—
$144M
Dec '24
$311M
$25M
0.0%
11.6%
$5M
$0
$137M
Sep '24
$306M
$28M
0.0%
11.9%
$42M
$0
$196M
Jun '24
$312M
$30M
0.0%
13.4%
$14M
$61M
$230M
Mar '24
$290M
$30M
0.0%
14.2%
$68M
$61M
$222M
Dec '23
$303M
$39M
0.0%
17.9%
$20M
$61M
$168M
Sep '23
$286M
$18M
0.0%
9.0%
$37M
$61M
$168M
Jun '23
$288M
$14M
0.0%
5.8%
-$4M
$101M
$181M
Mar '23
$257M
-$2M
0.0%
-0.5%
$27M
$101M
$203M
Dec '22
$270M
$18M
0.0%
10.2%
-$9M
$101M
$214M
Sep '22
$263M
$6M
0.0%
3.0%
$34M
$141M
$263M
Jun '22
$274M
$15M
0.0%
8.0%
$11M
$141M
$263M
Mar '22
$259M
$7M
0.0%
5.2%
$47M
$142M
$293M
Dec '21
$272M
$22M
0.0%
10.2%
$4M
$142M
$269M
Sep '21
$270M
$4M
0.0%
2.7%
$25M
$142M
$275M
Jun '21
$299M
$20M
0.0%
8.9%
$37M
$142M
$262M
Valuation over time
How the market has priced STRA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 43.5× (Mar '23) to 13.7× (Jun '26).
The price-to-sales ratio has fallen from 1.9× (Mar '23) to 1.4× (Jun '26).
The dividend yield has risen from 2.9% (Mar '23) to 3.3% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is STRA growing its revenue and profit?
Over the past 5 years, Strategic Education, Inc.'s revenue has grown 4.3% per year, and net income grown 8.0% per year. These are computed facts, not advice.
How much debt does STRA have?
As of FY2025, Strategic Education, Inc. reported — of total debt against $141M of cash.
What is STRA's profit margin?
In FY2025, gross margin was —, operating margin 13.7%, and net margin 10.0%.
What is STRA's P/E ratio?
As of Jun '26, Strategic Education, Inc. traded at a price-to-earnings ratio of about 13.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.