Grand Canyon Education, Inc. - Understand $lope stock

$LOPE Market Cap: $4.949 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.019B

TTM

Gross Margin

52.35%

TTM

Net Earnings

$225.1M

TTM

Current Assets

$393.4M

Q3 2024

Current Liabilities

$106.6M

Q3 2024

Current Ratio

369.19%

Q3 2024

Total Assets

$992.9M

Q3 2024

Total Liabilities

$228.8M

Q3 2024

Book Value

$764.1M

Q3 2024

Cash

$263.6M

Q3 2024

P/E

21.99

Nov 29, 2024 EST

Free Cash Flow

$232.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Revenue	$960.9M	$911.3M	$896.6M	$844.1M	$778.6M	$845.5M	$974.1M	$873.3M	$778.2M	$691.1M	$598.3M	$511.3M	$426.7M	$385.6M	$261.9M	$161.3M	$99.30M	$72.10M	$51.80M
YoY Change	5.44%	1.64%	6.22%	8.41%	-7.91%	-13.2%	11.54%	12.23%	12.61%	15.5%	17.03%	19.8%	10.66%	47.24%	62.37%	62.44%	37.73%	39.19%	102.34%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Revenue	$960.9M	$911.3M	$896.6M	$844.1M	$778.6M	$845.5M	$974.1M	$873.3M	$778.2M	$691.1M	$598.3M	$511.3M	$426.7M	$385.6M	$261.9M	$161.3M	$99.30M	$72.10M	$51.80M
Cost Of Revenue	$457.2M	$423.8M	$381.3M				$410.8M	$373.1M	$329.7M	$288.8M	$254.4M	$220.4M	$194.8M	$178.8M	$101.9M	$64.60M	$45.30M	$31.30M	$28.10M
Gross Profit	$503.7M	$487.5M	$515.3M				$563.3M	$500.2M	$448.5M	$402.3M	$343.9M	$290.9M	$231.9M	$206.8M	$160.0M	$96.70M	$54.00M	$40.80M	$23.70M
Gross Profit Margin	52.42%	53.49%	57.48%				57.83%	57.27%	57.63%	58.22%	57.48%	56.9%	54.34%	53.63%	61.09%	59.95%	54.38%	56.59%	45.75%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Selling, General & Admin	$246.0M	$241.6M	$224.7M	$207.7M	$187.2M	$147.4M	$136.2M	$52.08M	$49.39M	$47.07M	$42.58M	$176.8M	$149.0M	$139.1M	$107.0M	$83.90M	$49.70M	$37.80M	$28.60M
YoY Change	1.84%	7.51%	8.19%	10.94%	27.02%	8.18%	161.62%	5.45%	4.91%	10.56%	-75.92%	18.66%	7.11%	30.01%	27.53%	68.81%	31.48%	32.17%	36.19%
% of Gross Profit	48.84%	49.56%	43.6%				24.19%	10.41%	11.01%	11.7%	12.38%	60.78%	64.25%	67.27%	66.88%	86.76%	92.04%	92.65%	120.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$23.11M	$22.12M	$21.44M	$20.83M	$18.39M	$35.53M	$53.61M	$45.70M	$35.70M	$29.50M	$25.40M	$21.90M	$17.00M	$12.10M	$8.000M	$5.100M	$3.300M	$2.400M	$1.900M
YoY Change	4.48%	3.14%	2.93%	13.25%	-48.23%	-33.73%	17.3%	28.01%	21.02%	16.14%	15.98%	28.82%	40.5%	51.25%	56.86%	54.55%	37.5%	26.32%
% of Gross Profit	4.59%	4.54%	4.16%				9.52%	9.14%	7.96%	7.33%	7.39%	7.53%	7.33%	5.85%	5.0%	5.27%	6.11%	5.88%	8.02%
Operating Expenses	$246.0M	$241.6M	$224.7M	$207.7M	$187.2M	$147.4M	$136.2M	$52.08M	$49.39M	$47.07M	$42.58M	$176.8M	$149.0M	$139.1M	$107.0M	$83.90M	$49.70M	$37.80M	$28.60M
YoY Change	1.84%	7.51%	8.19%	10.94%	27.02%	8.18%	161.62%	5.45%	4.91%	10.56%	-75.92%	18.66%	7.11%	30.01%	27.53%	68.81%	31.48%	32.17%	36.19%
Operating Profit	$249.3M	$237.5M	$282.2M	$277.4M	$265.1M	$258.1M	$282.8M	$237.2M	$210.4M	$180.8M	$143.3M	$114.1M	$82.16M	$58.18M	$53.00M	$12.80M	$4.300M	$3.000M	-$4.900M
YoY Change	4.95%	-15.84%	1.71%	4.64%	2.7%	-8.7%	19.2%	12.76%	16.34%	26.2%	25.62%	38.82%	41.23%	9.77%	314.06%	197.67%	43.33%	-161.22%	-67.55%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Interest Expense	$33.00K	$2.000K	$3.601M	$4.402M	$11.31M	$1.536M	$2.169M	$1.328M	$1.248M	$1.801M	$2.244M	$699.0K	$720.0K	$889.0K	-$1.300M	-$2.300M	-$1.800M	-$1.900M	-$2.800M
YoY Change	1550.0%	-99.94%	-18.2%	-61.08%	636.39%	-29.18%	63.33%	6.41%	-30.71%	-19.74%	221.03%	-2.92%	-19.01%	-168.38%	-43.48%	27.78%	-5.26%	-32.14%	154.55%
% of Operating Profit	0.01%	0.0%	1.28%	1.59%	4.27%	0.6%	0.77%	0.56%	0.59%	1.0%	1.57%	0.61%	0.88%	1.53%	-2.45%	-17.97%	-41.86%	-63.33%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Pretax Income	$259.7M	$240.1M	$331.3M	$333.1M	$317.5M	$287.0M	$283.5M	$236.1M	$209.0M	$179.7M	$144.9M	$113.4M	$81.53M	$57.46M	$45.30M	$10.50M	$2.500M	$1.100M	-$7.700M
YoY Change	8.14%	-27.52%	-0.56%	4.93%	10.63%	1.22%	20.08%	12.97%	16.31%	24.02%	27.75%	39.12%	41.9%	26.83%	331.43%	320.0%	127.27%	-114.29%	-52.47%
Income Tax	$54.69M	$55.44M	$70.95M	$75.94M	$58.33M	$57.99M	$80.21M	$87.61M	$77.60M	$68.23M	$56.18M	$43.98M	$30.98M	$22.25M	$18.00M	$3.900M	$1.000M	$500.0K	-$3.400M
% Of Pretax Income	21.06%	23.09%	21.41%	22.8%	18.37%	20.21%	28.29%	37.1%	37.13%	37.97%	38.78%	38.77%	38.0%	38.72%	39.74%	37.14%	40.0%	45.45%
Net Earnings	$205.0M	$184.7M	$260.3M	$257.2M	$259.2M	$229.0M	$203.3M	$148.5M	$131.4M	$111.5M	$88.71M	$69.45M	$50.55M	$35.21M	$27.30M	$6.700M	$1.500M	$600.0K	-$4.300M
YoY Change	11.0%	-29.07%	1.22%	-0.76%	13.17%	12.64%	36.9%	13.01%	17.89%	25.65%	27.74%	37.39%	43.57%	28.96%	307.46%	346.67%	150.0%	-113.95%	-73.46%
Net Earnings / Revenue	21.33%	20.26%	29.04%	30.47%	33.29%	27.09%	20.87%	17.01%	16.89%	16.13%	14.83%	13.58%	11.84%	9.13%	10.42%	4.15%	1.51%	0.83%	-8.3%
Basic Earnings Per Share	$6.83	$5.75	$5.94	$5.49	$5.42	$4.81	$4.31	$3.22	$2.86	$2.45	$1.98	$1.57	$1.13	$0.77
Diluted Earnings Per Share	$6.80	$5.73	$5.92	$5.45	$5.37	$4.73	$4.22	$3.15	$2.78	$2.37	$1.92	$1.53	$1.12	$0.76	$600.0K	$200.6K	$42.74K	$16.26K	-$232.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments	$244.5M	$181.7M	$600.9M	$256.6M	$143.9M	$189.3M	$242.7M	$108.6M	$106.4M	$166.0M	$164.2M	$105.1M	$21.20M	$33.60M	$62.60M	$35.20M	$18.90M	$14.40M
YoY Change	34.56%	-69.76%	134.19%	78.32%	-23.98%	-22.0%	123.48%	2.07%	-35.9%	1.1%	56.23%	395.75%	-36.9%	-46.33%	77.84%	86.24%	31.25%
Cash & Equivalents	$146.5M	$120.4M	$600.9M	$245.8M	$122.3M	$120.3M	$153.5M	$46.00M	$23.00M	$65.20M	$55.80M	$105.1M	$21.20M	$33.60M	$62.60M	$35.20M	$18.90M	$14.40M
Short-Term Investments	$98.03M	$61.30M	$0.00	$10.80M	$21.60M	$69.00M	$89.30M	$62.60M	$83.40M	$100.8M	$108.4M
Other Short-Term Assets	$12.89M	$11.37M	$8.766M	$8.600M	$8.300M	$68.60M	$119.1M	$106.8M	$96.20M	$93.40M	$88.60M	$74.10M	$70.50M	$73.10M	$13.90M	$7.400M	$10.30M	$3.900M
YoY Change	13.38%	29.68%	1.93%	3.61%	-87.9%	-42.4%	11.52%	11.02%	3.0%	5.42%	19.57%	5.11%	-3.56%	425.9%	87.84%	-28.16%	164.1%
Inventory
Prepaid Expenses
Receivables	$78.81M	$77.41M	$70.06M	$62.20M	$48.90M	$46.80M	$10.90M	$10.00M	$8.300M	$7.600M	$7.200M	$8.000M	$11.80M	$18.00M	$13.80M	$9.400M	$13.10M	$4.800M
Other Receivables	$1.316M	$2.788M	$1.275M	$6.300M	$7.200M	$4.700M	$2.100M	$4.700M	$4.000M	$0.00	$3.600M	$27.00M	$11.90M	$8.400M	$0.00	$1.600M	$0.00	$0.00
Total Short-Term Assets	$337.5M	$273.3M	$681.0M	$333.7M	$208.3M	$309.5M	$374.9M	$230.1M	$214.9M	$267.0M	$263.7M	$214.2M	$115.4M	$133.1M	$90.20M	$53.60M	$42.30M	$23.00M
YoY Change	23.51%	-59.87%	104.09%	60.2%	-32.7%	-17.44%	62.93%	7.07%	-19.51%	1.25%	23.11%	85.62%	-13.3%	47.56%	68.28%	26.71%	83.91%
Property, Plant & Equipment	$262.2M	$220.2M	$193.8M	$189.7M	$147.5M	$111.0M	$922.3M	$855.5M	$667.5M	$478.2M	$339.6M	$269.2M	$189.9M	$124.0M	$67.40M	$41.40M	$33.80M	$29.00M
YoY Change	19.04%	13.65%	2.15%	28.61%	32.88%	-87.96%	7.81%	28.16%	39.59%	40.81%	26.15%	41.76%	53.15%	83.98%	62.8%	22.49%	16.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.641M	$1.687M	$1.943M	$1.800M	$1.700M	$500.0K	$3.500M	$4.000M	$6.700M	$7.600M	$9.900M	$8.600M	$9.500M	$15.00M	$14.20M	$19.10M	$9.500M	$6.200M
YoY Change	-2.73%	-13.18%	7.94%	5.88%	240.0%	-85.71%	-12.5%	-40.3%	-11.84%	-23.23%	15.12%	-9.47%	-36.67%	5.63%	-25.65%	101.05%	53.23%
Total Long-Term Assets	$592.9M	$559.5M	$541.7M	$1.511B	$1.482B	$1.015B	$928.7M	$862.4M	$677.1M	$488.7M	$352.4M	$280.7M	$202.4M	$142.0M	$84.50M	$63.40M	$46.30M	$38.20M
YoY Change	5.98%	3.28%	-64.15%	1.95%	46.08%	9.24%	7.69%	27.37%	38.55%	38.68%	25.54%	38.69%	42.54%	68.05%	33.28%	36.93%	21.2%
Total Assets	$930.5M	$832.7M	$1.223B	$1.845B	$1.690B	$1.324B	$1.304B	$1.093B	$892.0M	$755.7M	$616.1M	$494.9M	$317.8M	$275.1M	$174.7M	$117.0M	$88.60M	$61.20M
YoY Change
Accounts Payable	$17.68M	$20.01M	$24.31M	$16.60M	$14.80M	$14.30M	$29.10M	$24.80M	$34.10M	$22.70M	$24.20M	$14.20M	$18.50M	$15.70M	$8.800M	$5.800M	$3.400M	$3.200M
YoY Change	-11.65%	-17.69%	46.42%	12.16%	3.5%	-50.86%	17.34%	-27.27%	50.22%	-6.2%	70.42%	-23.24%	17.83%	78.41%	51.72%	70.59%	6.25%
Accrued Expenses	$69.11M	$67.53M	$67.73M	$63.60M	$40.70M	$24.30M	$43.90M	$40.90M	$31.70M	$37.50M	$34.60M	$36.30M	$20.70M	$29.20M	$24.10M	$9.700M	$6.900M	$3.000M
YoY Change	2.33%	-0.3%	6.5%	56.27%	67.49%	-44.65%	7.33%	29.02%	-15.47%	8.38%	-4.68%	75.36%	-29.11%	21.16%	148.45%	40.58%	130.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.000M	$0.00
YoY Change																-100.0%
Long-Term Debt Due			$0.00	$33.10M	$33.10M	$36.50M	$6.700M	$31.60M	$7.300M	$6.700M	$6.700M	$6.700M	$2.200M	$3.700M	$2.900M	$1.500M	$1.800M	$1.300M
YoY Change			-100.0%	0.0%	-9.32%	444.78%	-78.8%	332.88%	8.96%	0.0%	0.0%	204.55%	-40.54%	27.59%	93.33%	-16.67%	38.46%
Total Short-Term Liabilities	$97.03M	$99.71M	$97.94M	$118.7M	$95.20M	$80.50M	$238.1M	$226.8M	$188.5M	$178.7M	$165.6M	$152.7M	$121.5M	$122.8M	$62.40M	$32.60M	$37.20M	$20.70M
YoY Change	-2.68%	1.8%	-17.49%	24.68%	18.26%	-66.19%	4.98%	20.32%	5.48%	7.91%	8.45%	25.68%	-1.06%	96.79%	91.41%	-12.37%	79.71%
Long-Term Debt	$0.00	$0.00	$0.00	$74.60M	$107.8M	$23.40M	$59.90M	$66.60M	$74.00M	$80.30M	$87.00M	$93.70M	$20.60M	$22.00M	$26.30M	$30.80M	$29.80M	$30.90M
YoY Change			-100.0%	-30.8%	360.68%	-60.93%	-10.06%	-10.0%	-7.85%	-7.7%	-7.15%	354.85%	-6.36%	-16.35%	-14.61%	3.36%	-3.56%
Other Long-Term Liabilities	$88.67M	$69.23M	$53.79M	$56.60M	$25.50M	$0.00	$1.200M	$1.700M	$4.300M	$4.500M	$6.800M	$7.400M	$7.100M	$2.700M
YoY Change	28.08%	28.7%	-4.96%	121.96%		-100.0%	-29.41%	-60.47%	-4.44%	-33.82%	-8.11%	4.23%	162.96%
Total Long-Term Liabilities	$88.67M	$69.23M	$53.79M	$131.2M	$133.3M	$23.40M	$61.10M	$68.30M	$78.30M	$84.80M	$93.80M	$101.1M	$27.70M	$24.70M	$26.30M	$30.80M	$29.80M	$30.90M
YoY Change	28.08%	28.7%	-59.0%	-1.58%	469.66%	-61.7%	-10.54%	-12.77%	-7.67%	-9.59%	-7.22%	264.98%	12.15%	-6.08%	-14.61%	3.36%	-3.56%
Total Liabilities	$212.4M	$195.1M	$177.7M	$270.3M	$246.9M	$110.4M	$317.6M	$318.8M	$281.7M	$279.5M	$271.3M	$260.9M	$154.6M	$147.6M	$88.70M	$63.40M	$67.00M	$51.60M
YoY Change	8.88%	9.81%	-34.26%	9.48%	123.64%	-65.24%	-0.38%	13.17%	0.79%	3.02%	3.99%	68.76%	4.74%	66.4%	39.91%	-5.37%	29.84%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	29.99M	32.13M	43.84M	46.88M	47.81M	47.61M	47.14M	46.08M shares	45.98M shares	45.54M shares	44.73M shares	44.33M shares	44.63M shares	45.72M shares
Diluted Shares Outstanding	30.15M	32.24M	43.96M	47.17M	48.27M	48.41M	48.24M	47.12M shares	47.28M shares	47.01M shares	46.13M shares	45.25M shares	45.11M shares	46.40M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.949 Billion

About Grand Canyon Education, Inc.

Grand Canyon Education, Inc. engages in the provision of education services. The company is headquartered in Phoenix, Arizona and currently employs 5,800 full-time employees. The company went IPO on 2008-11-20. The firm has developed technological solutions, infrastructure and operational processes to provide services to its institutions on a large scale. The company provides technology and academic services, which include learning management system (LMS), internal administration, infrastructure, support, program and curriculum, faculty and related training and development, class scheduling and skills and simulation lab sites. The firm provides counseling services and support, including admissions services, financial aid, counseling services, and field experience counseling. The firm provides marketing and communication services that include lead acquisition, digital communication strategies, brand identity advertising, media planning and strategy, video, data science and analysis. Its back-office services include finance and accounting, human resources, audit and procurement.

Industry: Services-Educational Services Peers: Adtalem Global Education Inc. BRIGHT HORIZONS FAMILY SOLUTIONS INC. CHEGG, INC Duolingo, Inc. Graham Holdings Co Stride, Inc. LAUREATE EDUCATION, INC. POWERSCHOOL HOLDINGS, INC. Udemy, Inc.