American Public Education vs Lincoln Educational Services
American Public Education is the larger business, with $649m of revenue in fiscal 2025 against $518m for Lincoln Educational Services (1.3 times as much). Lincoln Educational Services grew faster (17.8% against 3.9%). American Public Education kept more of each dollar of sales as profit: a net margin of 4.9% against 3.9%.
| Latest fiscal year | American Public EducationAPEI, 2025 | Lincoln Educational ServicesLINC, 2025 |
|---|---|---|
| Revenue | $649m | $518m |
| Revenue growth | 3.9% | 17.8% |
| Net income | $31.6m | $20.0m |
| Operating margin | — | 5.8% |
| Net margin | 4.9% | 3.9% |
| Return on equity | 10.5% | 10.6% |
| Free cash flow | $46.1m | −$27.3m |
| Cash | $174m | $28.5m |
| Total debt | $96.4m | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $4.3m | — |
| Employees | — | 2,590 |
| Market value | $772m | $649m |
| Price vs our value range | Within our value range | — |
| Moat score | 49 (Moderate) | 30 (Weak) |
| Insider trades, 12 months | 0 buys, 25 sales | 0 buys, 23 sales |