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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$1.3B
$127M
0.0%
13.7%
7.7%
6.2%
$154M
—
$141M
2024
$1.2B
$113M
0.0%
12.8%
6.8%
5.5%
$129M
$0
$137M
2023
$1.1B
$70M
0.0%
8.4%
4.2%
3.3%
$80M
$61M
$168M
2022
$1.1B
$47M
0.0%
6.6%
2.9%
2.2%
$83M
$101M
$214M
2021
$1.1B
$55M
0.0%
6.5%
3.2%
2.4%
$131M
$142M
$269M
2020
$1.0B
$86M
0.0%
10.6%
4.9%
3.8%
$96M
$142M
$188M
2019
$997M
$81M
0.0%
11.1%
5.5%
4.5%
$163M
$0
$420M
2018
$634M
-$16M
0.0%
-3.6%
-1.1%
-0.9%
$19M
—
$312M
2017
$455M
$21M
0.0%
11.5%
9.9%
6.4%
$38M
—
$156M
2016
$441M
$35M
0.0%
13.0%
18.5%
11.7%
$31M
—
$129M
2015
—
$40M
—
—
28.0%
16.1%
$65M
—
$107M
2014
—
$46M
—
—
50.0%
15.1%
$71M
$119M
$162M
2013
—
$16M
—
—
42.2%
6.5%
$75M
$122M
$95M
2012
—
$66M
—
—
160.9%
28.9%
$57M
$125M
$48M
2011
—
$106M
—
—
250.7%
45.9%
$124M
$118M
$57M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$337M
$37M
0.0%
15.0%
2.3%
1.8%
$15M
—
$124M
Mar '26
$306M
$33M
0.0%
13.4%
2.0%
1.6%
$77M
—
$150M
Dec '25
$323M
$38M
0.0%
16.0%
2.3%
1.9%
$27M
—
$141M
Sep '25
$320M
$27M
0.0%
11.6%
1.6%
1.3%
$49M
—
$151M
Jun '25
$321M
$32M
0.0%
14.2%
1.9%
1.5%
$20M
—
$134M
Mar '25
$304M
$30M
0.0%
13.1%
1.8%
1.4%
$57M
—
$144M
Dec '24
$311M
$25M
0.0%
11.6%
1.5%
1.2%
$5M
$0
$137M
Sep '24
$306M
$28M
0.0%
11.9%
1.6%
1.3%
$42M
$0
$196M
Jun '24
$312M
$30M
0.0%
13.4%
1.8%
1.4%
$14M
$61M
$230M
Mar '24
$290M
$30M
0.0%
14.2%
1.8%
1.4%
$68M
$61M
$222M
Dec '23
$303M
$39M
0.0%
17.9%
2.4%
1.8%
$20M
$61M
$168M
Sep '23
$286M
$18M
0.0%
9.0%
1.2%
0.9%
$37M
$61M
$168M
Jun '23
$288M
$14M
0.0%
5.8%
0.9%
0.7%
-$4M
$101M
$181M
Mar '23
$257M
-$2M
0.0%
-0.5%
-0.1%
-0.1%
$27M
$101M
$203M
Dec '22
$270M
$18M
0.0%
10.2%
1.1%
0.8%
-$9M
$101M
$214M
Sep '22
$263M
$6M
0.0%
3.0%
0.4%
0.3%
$34M
$141M
$263M
Jun '22
$274M
$15M
0.0%
8.0%
0.9%
0.7%
$11M
$141M
$263M
Mar '22
$259M
$7M
0.0%
5.2%
0.4%
0.3%
$47M
$142M
$293M
Dec '21
$272M
$22M
0.0%
10.2%
1.3%
0.9%
$4M
$142M
$269M
Sep '21
$270M
$4M
0.0%
2.7%
0.2%
0.2%
$25M
$142M
$275M
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 42.7× (Mar '23) to 12.7× (Nov '26).
The price-to-sales ratio has fallen from 1.9× (Mar '23) to 1.3× (Nov '26).
The dividend yield has risen from 3.0% (Mar '23) to 3.6% (Nov '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?
Strategic Education, Inc.'s P/E (TTM) is 11.97 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the STRA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 12.7× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.