Perdoceo Education (PRDO) Financials

$33.95 +1.00 (+3.03%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$34.05 +0.10 (+0.29%)

As of 05/30/2025 07:49 PM Eastern

Annual Income Statements for Perdoceo Education

This table shows Perdoceo Education's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	148	148	96	110	124	160	55	-32	-19	52	-178
Consolidated Net Income / (Loss)	148	148	96	110	124	70	55	-32	-19	52	-178
Net Income / (Loss) Continuing Operations	148	148	96	110	124	71	56	-31	-15	53	-143
Total Pre-Tax Income	201	192	134	149	147	93	74	36	-31	-94	-139
Total Operating Income	174	150	130	149	143	86	71	34	-32	-92	-139
Total Gross Profit	681	710	695	693	687	1,253	581	596	704	847	914
Total Revenue	681	710	695	693	687	2.65	581	596	704	847	914
Operating Revenue	681	710	695	693	687	1,253	581	596	704	842	905
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	507	560	566	544	544	1,082	510	562	737	939	1,053
Selling, General & Admin Expense	367	398	426	419	417	532	391	405	478	564	640
Depreciation Expense	15	17	20	17	15	9.15	9.39	14	23	25	53
Other Operating Expenses / (Income)	121	130	117	109	112	541	110	143	235	290	323
Impairment Charge	4.45	14	2.99	0.00	0.61	0.00	0.00	-	1.16	61	36
Total Other Income / (Expense), net	27	42	4.63	0.05	3.81	13	3.05	2.11	0.98	-2.27	0.45
Interest Expense	0.61	0.40	0.40	0.92	0.17	0.17	0.68	0.45	0.58	0.84	0.49
Interest & Investment Income	29	20	6.87	0.93	3.85	6.39	3.54	1.90	1.26	0.79	0.85
Other Income / (Expense), net	-1.19	22	-1.83	0.04	0.12	6.90	0.20	0.67	0.30	-2.23	0.09
Income Tax Expense	54	44	38	39	22	22	19	67	-17	-147	3.74
Basic Earnings per Share	$2.25	$2.22	$1.41	$1.57	$1.79	$0.99	$0.79	($0.46)	($0.27)	$0.76	($2.65)
Weighted Average Basic Shares Outstanding	65.65M	66.47M	67.93M	70.02M	69.41M	70.09M	69.60M	68.95M	68.37M	67.86M	67.17M
Diluted Earnings per Share	$2.19	$2.18	$1.39	$1.55	$1.74	$0.97	$0.77	($0.46)	($0.27)	$0.76	($2.65)
Weighted Average Diluted Shares Outstanding	67.24M	67.83M	69.03M	70.88M	71.27M	70.09M	71.48M	68.95M	68.37M	68.33M	67.17M
Weighted Average Basic & Diluted Shares Outstanding	65.91M	65.65M	67.18M	70.02M	69.41M	70.09M	69.80M	69.30M	69.30M	68.30M	67.20M
Cash Dividends to Common per Share	$0.48	$0.22	-	-	-	-	-	-	-	-	-

This table shows Perdoceo Education's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	44	31	38	38	39	17	41	55	34	16	22
Consolidated Net Income / (Loss)	44	31	38	38	39	17	41	55	34	16	22
Net Income / (Loss) Continuing Operations	44	31	38	38	39	17	41	55	34	16	22
Total Pre-Tax Income	57	43	52	53	53	22	48	75	47	24	31
Total Operating Income	52	37	45	46	46	16	43	48	43	23	29
Total Gross Profit	213	176	170	167	168	148	180	187	196	176	168
Total Revenue	213	176	170	167	168	148	180	187	196	176	168
Operating Revenue	213	176	170	167	168	148	180	187	196	176	168
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	161	139	125	121	122	132	137	138	152	153	139
Selling, General & Admin Expense	101	97	94	89	87	93	92	101	113	115	104
Depreciation Expense	12	5.51	3.05	3.07	3.02	3.45	3.91	4.37	5.16	4.88	5.07
Other Operating Expenses / (Income)	49	35	28	28	30	30	34	33	34	31	30
Impairment Charge	0.00	1.99	0.00	0.84	1.63	5.55	7.38	0.77	0.57	2.77	0.00
Total Other Income / (Expense), net	4.78	6.04	7.57	7.01	6.57	6.43	5.02	27	3.72	1.75	1.97
Interest Expense	1.68	0.08	0.08	0.11	0.34	0.12	0.10	0.10	0.10	0.10	0.10
Interest & Investment Income	6.48	7.31	7.70	7.19	6.79	6.42	5.21	4.53	3.82	3.17	2.27
Other Income / (Expense), net	-0.02	-1.19	-0.05	-0.07	0.12	0.13	-0.10	22	-0.01	-1.31	-0.21
Income Tax Expense	13	12	14	15	13	5.19	6.78	20	13	8.47	9.23
Basic Earnings per Share	$0.67	$0.48	$0.58	$0.59	$0.60	$0.27	$0.63	$0.81	$0.51	$0.23	$0.33
Weighted Average Basic Shares Outstanding	65.68M	65.65M	65.70M	65.61M	65.56M	66.47M	65.63M	67.42M	67.24M	67.93M	67.51M
Diluted Earnings per Share	$0.65	$0.46	$0.57	$0.57	$0.59	$0.26	$0.62	$0.80	$0.50	$0.24	$0.32
Weighted Average Diluted Shares Outstanding	66.87M	67.24M	67.31M	67.08M	66.84M	67.83M	67.10M	68.53M	68.51M	69.03M	68.55M
Weighted Average Basic & Diluted Shares Outstanding	65.54M	65.91M	65.72M	65.67M	65.60M	65.65M	65.69M	65.61M	67.48M	67.18M	67.17M
Cash Dividends to Common per Share	$0.13	-	$0.13	$0.11	$0.11	-	$0.11	-	-	-	-

This table details how cash moves in and out of Perdoceo Education's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	13	0.14	-206	215	1.00	76	14	-32	-66	-0.03	-225
Net Cash From Operating Activities	162	112	148	191	180	73	57	-22	6.48	-21	-119
Net Cash From Continuing Operating Activities	162	112	148	191	180	73	57	-22	6.48	-21	-119
Net Income / (Loss) Continuing Operations	148	148	96	110	124	70	55	-32	-19	52	-178
Consolidated Net Income / (Loss)	148	148	96	110	124	70	55	-32	-19	52	-178
Depreciation Expense	15	17	20	17	15	9.15	9.39	14	23	25	55
Non-Cash Adjustments To Reconcile Net Income	17	-7.28	13	9.42	16	6.90	8.62	6.04	8.45	70	31
Changes in Operating Assets and Liabilities, net	-17	-45	20	55	25	-13	-16	-9.92	-6.01	-168	-27
Net Cash From Investing Activities	-108	-89	-327	54	-166	7.70	-41	-12	-34	-7.99	-108
Net Cash From Continuing Investing Activities	-108	-89	-327	54	-166	7.70	-41	-12	-34	-7.99	-108
Purchase of Property, Plant & Equipment	-4.63	-6.41	-13	-10	-9.77	-5.17	-6.73	-6.33	-4.13	-12	-13
Acquisitions	-138	-6.00	-84	-57	-40	0.00	0.00	-	-	-1.37	-1.58
Purchase of Investments	-413	-314	-492	-270	-404	-449	-310	-256	-161	-93	-157
Sale and/or Maturity of Investments	448	238	262	392	287	462	275	251	127	100	65
Net Cash From Financing Activities	-41	-23	-28	-30	-13	-4.84	-1.66	1.54	-38	29	0.98
Net Cash From Continuing Financing Activities	-41	-23	-28	-30	-13	-4.84	-1.66	1.54	-38	29	0.98
Repurchase of Common Equity	-6.77	-8.30	-23	-25	-18	-3.88	0.00	-	-	-	-
Payment of Dividends	-32	-14	0.00	0.00	-	-	-	-	-	-	-
Issuance of Common Equity	2.23	2.55	1.20	0.86	5.72	1.77	1.68	2.72	0.77	1.40	1.35
Other Financing Activities, net	-4.85	-3.21	-5.81	-5.51	-0.91	-2.74	-3.35	-1.19	-0.56	-0.44	-
Cash Income Taxes Paid	47	42	29	23	0.61	0.05	0.27	0.12	0.33	0.58	18

This table details how cash moves in and out of Perdoceo Education's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	22	-107	110	2.06	7.81	-55	24	51	-20	-30	-0.63
Net Cash From Operating Activities	65	18	51	39	54	13	33	62	4.57	41	53
Net Cash From Continuing Operating Activities	65	18	51	39	54	13	33	62	4.57	41	53
Net Income / (Loss) Continuing Operations	44	31	38	38	39	17	41	55	34	16	22
Consolidated Net Income / (Loss)	44	31	38	38	39	17	41	55	34	16	22
Depreciation Expense	12	5.51	3.05	3.07	3.02	3.45	3.91	4.37	5.16	4.88	5.07
Non-Cash Adjustments To Reconcile Net Income	9.63	-14	12	9.16	10	42	-52	-11	14	0.85	-17
Changes in Operating Assets and Liabilities, net	0.00	-4.88	-1.89	-12	1.54	-49	39	14	-49	19	43
Net Cash From Investing Activities	1.18	-115	67	-29	-31	-57	-0.72	-9.11	-21	-71	-46
Net Cash From Continuing Investing Activities	1.18	-115	67	-29	-31	-57	-0.72	-9.11	-21	-71	-46
Purchase of Property, Plant & Equipment	-1.74	-1.63	-0.98	-0.82	-1.20	-1.61	-1.19	-1.69	-1.93	-3.52	-2.34
Purchase of Investments	-100	-146	-63	-100	-105	-109	-46	-75	-84	-82	-80
Sale and/or Maturity of Investments	103	170	131	71	75	59	47	68	64	59	68
Net Cash From Financing Activities	-44	-9.61	-8.45	-7.13	-16	-11	-7.79	-1.85	-2.78	0.07	-7.38
Net Cash From Continuing Financing Activities	-44	-9.89	-8.18	-7.13	-16	-11	-7.79	-1.85	-2.78	0.07	-7.38
Repurchase of Common Equity	-25	-	-	-	-6.77	-5.57	-	-1.91	-0.82	-	-7.45
Payment of Dividends	-9.20	-8.54	-8.54	-7.42	-7.20	-7.20	-7.22	-	0.00	-	-
Issuance of Common Equity	0.98	0.06	0.37	0.29	1.52	1.80	0.44	0.07	0.25	0.28	0.07
Other Financing Activities, net	-11	-1.41	-	-	-3.44	-	-1.00	-	-2.21	-0.21	-

This table presents Perdoceo Education's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	1,237	1,007	957	847	722	599	482	447	560	611	574
Total Current Assets	640	655	575	554	467	360	269	211	248	289	318
Cash & Equivalents	109	118	109	320	106	109	32	18	50	67	94
Restricted Cash	23	1.01	9.48	5.20	4.00	0.00	0.34	0.79	9.97	50	23
Short-Term Investments	460	485	399	174	301	185	196	156	148	115	123
Accounts Receivable	5.33	4.54	3.46	1.69	2.87	1.38	31	20	24	37	51
Inventories, net	3.39	5.00	1.90	0.90	0.60	0.58	0.76	1.11	1.87	3.35	5.02
Prepaid Expenses	17	12	8.41	6.92	8.21	7.30	7.77	7.72	14	14	17
Other Current Assets	23	30	43	46	45	57	0.44	6.39	0.82	2.52	4.73
Plant, Property, & Equipment, net	96	21	26	28	28	26	30	33	41	58	116
Total Noncurrent Assets	501	331	356	265	227	213	183	203	271	264	140
Noncurrent Note & Lease Receivables	22	3.86	1.85	1.37	1.30	1.24	0.94	2.55	3.06	3.96	3.92
Goodwill	258	241	244	163	118	87	87	87	87	87	87
Intangible Assets	95	36	54	32	16	7.90	7.90	7.90	8.50	9.30	28
Noncurrent Deferred & Refundable Income Taxes	69	24	25	25	40	60	82	98	158	138	-
Other Noncurrent Operating Assets	58	26	33	43	51	56	4.99	5.67	7.61	17	19
Total Liabilities & Shareholders' Equity	1,237	1,007	957	847	722	599	482	447	560	611	574
Total Liabilities	277	166	232	197	166	168	127	151	238	273	292
Total Current Liabilities	132	111	163	140	104	104	97	113	169	193	180
Accounts Payable	13	11	14	11	13	12	9.20	8.52	10	26	24
Accrued Expenses	29	21	24	24	22	27	29	40	79	36	44
Current Deferred Revenue	37	37	72	71	35	25	32	23	28	40	55
Current Deferred & Payable Income Tax Liabilities	4.93	3.97	7.81	0.21	1.40	1.38	1.47	2.19	1.83	1.06	1.63
Current Employee Benefit Liabilities	35	33	40	25	23	28	25	33	41	39	30
Other Current Liabilities	13	5.70	6.56	9.40	9.79	12	-	-	-	-	-
Total Noncurrent Liabilities	145	55	68	57	62	64	30	38	69	81	111
Other Noncurrent Operating Liabilities	145	55	68	57	62	64	17	22	32	25	21
Commitments & Contingencies	0.00	0.00	0.00	-	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	960	841	726	650	556	431	355	296	322	338	282
Total Preferred & Common Equity	960	841	726	650	556	431	355	296	322	338	282
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	960	841	726	650	556	431	355	296	322	338	282
Common Stock	708	696	685	675	659	640	629	622	614	612	607
Retained Earnings	596	481	348	252	142	18	-53	-108	-76	-58	-109
Treasury Stock	-344	-334	-302	-277	-246	-227	-221	-217	-216	-216	-215
Accumulated Other Comprehensive Income / (Loss)	0.17	-0.67	-5.45	-0.10	0.36	0.34	-0.30	-0.16	-0.26	-0.88	-0.85

This table presents Perdoceo Education's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,269	1,117	1,078	1,052	1,026	1,014	963	899
Total Current Assets	686	774	732	706	670	643	585	582
Cash & Equivalents	132	238	128	126	166	141	90	147
Restricted Cash	22	0.77	1.04	1.02	8.48	9.48	9.48	2.19
Short-Term Investments	459	484	546	516	430	428	421	376
Accounts Receivable	9.99	4.11	4.98	5.29	12	6.90	4.31	2.26
Inventories, net	3.25	3.87	4.47	4.25	2.18	2.88	3.77	2.04
Prepaid Expenses	15	11	13	12	10	13	11	9.25
Other Current Assets	46	32	35	42	42	43	46	44
Plant, Property, & Equipment, net	89	18	19	21	24	24	26	26
Total Noncurrent Assets	493	325	327	325	333	341	348	291
Noncurrent Note & Lease Receivables	19	8.66	8.16	4.86	4.63	-3.89	-2.57	1.33
Goodwill	258	241	241	241	241	244	244	184
Intangible Assets	91	33	34	35	40	49	51	44
Noncurrent Deferred & Refundable Income Taxes	69	23	23	23	23	22	24	24
Other Noncurrent Operating Assets	56	19	20	21	24	30	31	37
Total Liabilities & Shareholders' Equity	1,269	1,117	1,078	1,052	1,026	1,014	963	899
Total Liabilities	298	181	179	186	196	221	202	193
Total Current Liabilities	154	141	135	143	139	161	135	140
Accounts Payable	13	14	13	12	15	15	15	13
Accrued Expenses	22	29	29	28	27	29	27	24
Current Deferred Revenue	63	49	55	61	39	67	45	62
Current Deferred & Payable Income Tax Liabilities	18	10	6.50	17	13	16	20	8.08
Current Employee Benefit Liabilities	27	34	25	19	41	27	22	27
Other Current Liabilities	10	4.97	5.40	5.99	5.76	5.70	6.04	5.96
Total Noncurrent Liabilities	144	40	44	43	57	61	67	53
Other Noncurrent Operating Liabilities	144	40	44	43	57	61	67	53
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	-	-	-
Total Equity & Noncontrolling Interests	970	935	900	866	830	792	761	706
Total Preferred & Common Equity	970	935	900	866	830	792	761	706
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	970	935	900	866	830	792	761	706
Common Stock	712	705	702	700	692	690	688	682
Retained Earnings	631	573	544	513	471	437	382	332
Treasury Stock	-373	-344	-344	-344	-329	-329	-305	-302
Accumulated Other Comprehensive Income / (Loss)	0.67	1.57	-1.72	-1.62	-5.00	-5.62	-4.12	-6.32

This table displays calculated financial ratios and metrics derived from Perdoceo Education's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.05%	2.13%	0.31%	0.83%	25,855.97%	-99.54%	-2.54%	-15.33%	-16.86%	-7.30%	-10.15%
EBITDA Growth	-0.91%	28.40%	-11.03%	5.06%	53.99%	26.72%	65.78%	624.80%	86.62%	17.05%	12.49%
EBIT Growth	0.30%	35.01%	-14.26%	4.20%	53.23%	30.58%	105.44%	208.60%	66.05%	32.18%	17.56%
NOPAT Growth	10.42%	24.92%	-15.55%	-9.45%	84.47%	22.65%	284.01%	-28.42%	64.91%	33.82%	14.06%
Net Income Growth	-0.04%	54.02%	-12.56%	-11.77%	77.57%	26.82%	273.00%	-70.46%	-136.06%	129.12%	-8.46%
EPS Growth	0.46%	56.83%	-10.32%	-10.92%	79.38%	25.97%	267.39%	-70.37%	-135.53%	128.68%	-7.72%
Operating Cash Flow Growth	44.25%	-24.40%	-22.46%	6.20%	146.23%	28.25%	361.54%	-436.51%	130.48%	82.09%	-38.25%
Free Cash Flow Firm Growth	-103.55%	141.36%	-65.88%	-7.27%	105.13%	4.08%	264.88%	-367.14%	109.03%	-19.51%	-235.29%
Invested Capital Growth	55.10%	14.26%	37.77%	3.55%	6.15%	8.48%	0.60%	2.38%	-22.00%	76.35%	17.83%
Revenue Q/Q Growth	4.37%	-3.82%	2.40%	-1.60%	1,287.11%	-99.57%	0.41%	-1.99%	-5.97%	-14.77%	14.78%
EBITDA Q/Q Growth	13.26%	-3.42%	-8.31%	-0.37%	-0.45%	21.93%	12.50%	435.08%	-122.45%	47.36%	-87.88%
EBIT Q/Q Growth	13.01%	-2.97%	-9.41%	-1.04%	-1.60%	24.52%	14.89%	209.82%	-265.57%	42.55%	-33.75%
NOPAT Q/Q Growth	13.03%	-2.45%	-9.39%	-1.98%	0.33%	23.98%	2,087.17%	-27.87%	-114.43%	43.31%	-42.95%
Net Income Q/Q Growth	10.71%	0.84%	-8.15%	-2.30%	-0.37%	23.78%	1,786.46%	-56.43%	-111.93%	144.60%	2.79%
EPS Q/Q Growth	10.05%	0.93%	-7.95%	-0.64%	-0.57%	24.36%	1,640.00%	-53.33%	-111.69%	143.93%	2.93%
Operating Cash Flow Q/Q Growth	2.80%	-19.63%	-4.12%	2.53%	43.45%	-41.10%	122.49%	43.98%	-59.59%	44.79%	-8.72%
Free Cash Flow Firm Q/Q Growth	-102.42%	16.80%	-58.33%	3.03%	98.90%	-51.97%	341.13%	32.49%	-65.29%	-278.34%	-247.29%
Invested Capital Q/Q Growth	72.90%	5.02%	14.70%	-8.32%	-5.45%	52.50%	-16.45%	-24.28%	-13.14%	734.73%	-8.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	47,309.67%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	27.55%	26.68%	21.22%	23.93%	22.96%	3,870.92%	13.92%	8.18%	-1.32%	-8.20%	-9.16%
Operating Margin	25.58%	21.19%	18.65%	21.50%	20.80%	3,265.18%	12.27%	5.72%	-4.59%	-10.88%	-15.24%
EBIT Margin	25.40%	24.30%	18.38%	21.51%	20.81%	3,525.57%	12.30%	5.83%	-4.55%	-11.14%	-15.23%
Profit (Net Income) Margin	21.66%	20.80%	13.79%	15.82%	18.08%	2,642.82%	9.49%	-5.35%	-2.66%	6.12%	-19.49%
Tax Burden Percent	73.27%	76.85%	71.40%	73.55%	84.68%	75.23%	74.22%	-87.99%	59.66%	-54.94%	128.34%
Interest Burden Percent	116.40%	111.35%	105.06%	100.01%	102.58%	99.64%	104.00%	104.16%	97.88%	100.04%	99.74%
Effective Tax Rate	26.73%	23.15%	28.60%	26.45%	15.32%	24.11%	24.96%	185.17%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	42.19%	51.98%	51.66%	73.99%	85.64%	49.80%	42.45%	-23.41%	-16.17%	-52.33%	-118.21%
ROIC Less NNEP Spread (ROIC-NNEP)	38.86%	46.27%	51.01%	73.98%	84.73%	48.13%	41.61%	-21.88%	-18.24%	-114.75%	-90.02%
Return on Net Nonoperating Assets (RNNOA)	-25.80%	-33.13%	-37.72%	-55.81%	-60.47%	-32.00%	-25.51%	13.08%	10.49%	69.08%	69.88%
Return on Equity (ROE)	16.39%	18.84%	13.93%	18.18%	25.18%	17.80%	16.94%	-10.33%	-5.68%	16.75%	-48.33%
Cash Return on Invested Capital (CROIC)	-1.01%	38.66%	19.89%	70.50%	79.68%	41.66%	41.85%	-25.76%	8.55%	-107.59%	-134.58%
Operating Return on Assets (OROA)	15.42%	17.56%	14.16%	19.00%	21.66%	17.26%	15.38%	6.91%	-5.48%	-15.94%	-20.19%
Return on Assets (ROA)	13.15%	15.03%	10.62%	13.98%	18.82%	12.94%	11.87%	-6.34%	-3.20%	8.76%	-25.85%
Return on Common Equity (ROCE)	16.39%	18.84%	13.93%	18.18%	25.18%	17.80%	16.94%	-10.33%	-5.68%	16.75%	-48.33%
Return on Equity Simple (ROE_SIMPLE)	15.38%	17.55%	13.21%	16.86%	22.35%	16.23%	15.54%	-10.77%	-5.82%	15.37%	-63.19%
Net Operating Profit after Tax (NOPAT)	128	116	93	110	121	66	53	-29	-23	-65	-97
NOPAT Margin	18.74%	16.28%	13.31%	15.81%	17.61%	2,477.93%	9.20%	-4.87%	-3.21%	-7.61%	-10.67%
Net Nonoperating Expense Percent (NNEP)	3.33%	5.71%	0.65%	0.01%	0.91%	1.67%	0.84%	-1.53%	2.07%	62.42%	-28.19%
Return On Investment Capital (ROIC_SIMPLE)	13.31%	13.74%	12.75%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	53.88%	56.07%	61.29%	60.39%	60.70%	20,094.30%	67.21%	67.90%	67.82%	66.59%	70.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	74.42%	78.81%	81.35%	78.50%	79.20%	40,879.31%	87.73%	94.28%	104.59%	110.88%	115.24%
Earnings before Interest and Taxes (EBIT)	173	173	128	149	143	93	71	35	-32	-94	-139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	188	189	148	166	158	103	81	49	-9.30	-69	-84
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.81	1.34	1.24	1.24	1.54	2.93	2.19	2.75	2.10	0.71	1.62
Price to Tangible Book Value (P/TBV)	2.87	2.00	2.10	1.77	2.02	3.76	2.99	4.05	2.99	1.00	2.75
Price to Revenue (P/Rev)	2.55	1.59	1.30	1.16	1.24	477.09	1.34	1.37	0.96	0.28	0.50
Price to Earnings (P/E)	11.79	7.65	9.41	7.34	6.87	7.88	14.09	0.00	0.00	4.64	0.00
Dividend Yield	1.81%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.48%	13.08%	10.63%	13.62%	14.55%	12.69%	7.10%	0.00%	0.00%	21.53%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.12	2.21	1.85	2.03	3.05	7.07	4.34	5.09	3.81	0.30	2.55
Enterprise Value to Revenue (EV/Rev)	1.69	0.74	0.55	0.44	0.65	366.00	0.94	1.07	0.66	0.06	0.25
Enterprise Value to EBITDA (EV/EBITDA)	6.12	2.77	2.60	1.84	2.81	9.46	6.78	13.11	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	6.63	3.04	3.00	2.05	3.10	10.38	7.67	18.38	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	8.99	4.54	4.14	2.79	3.67	14.77	10.25	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.10	4.68	2.59	1.60	2.47	13.26	9.62	0.00	72.19	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.10	10.77	2.92	3.94	17.65	10.40	0.00	39.03	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.04
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.66	-0.72	-0.74	-0.75	-0.71	-0.66	-0.61	-0.60	-0.58	-0.60	-0.78
Leverage Ratio	1.25	1.25	1.31	1.30	1.34	1.38	1.43	1.63	1.78	1.91	1.87
Compound Leverage Factor	1.45	1.40	1.38	1.30	1.37	1.37	1.48	1.70	1.74	1.91	1.86
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.12%	3.43%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.12%	3.43%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	89.88%	96.57%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.55	-0.12
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.79	2.74
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.59	-0.10
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.00	2.36
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.94	6.67	4.53	4.85	5.58	5.59	5.63	4.76	2.75	1.46	1.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.84	5.90	3.52	3.95	4.50	3.47	2.78	1.87	1.47	1.50	1.76
Quick Ratio	4.35	5.47	3.13	3.54	3.94	2.85	2.68	1.72	1.31	1.13	1.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3.05	86	36	104	113	55	53	-32	12	-133	-111
Operating Cash Flow to CapEx	3,493.92%	1,747.39%	1,174.22%	1,828.34%	1,842.30%	1,412.54%	846.51%	-344.11%	156.82%	-181.66%	-901.67%
Free Cash Flow to Firm to Interest Expense	-4.98	212.88	89.08	113.51	674.34	328.73	77.45	-70.93	20.51	-158.85	-226.05
Operating Cash Flow to Interest Expense	263.61	277.29	370.47	207.73	1,077.58	437.63	83.68	-48.31	11.09	-25.44	-241.60
Operating Cash Flow Less CapEx to Interest Expense	256.07	261.42	338.92	196.37	1,019.09	406.65	73.80	-62.35	4.02	-39.45	-268.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.72	0.77	0.88	1.04	0.00	1.25	1.18	1.20	1.43	1.33
Accounts Receivable Turnover	138.06	177.59	270.04	303.63	323.14	0.16	22.64	27.24	23.26	19.34	17.25
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.66	29.95	25.56	24.70	25.57	0.09	18.37	16.18	14.26	9.75	8.03
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	2.64	2.06	1.35	1.20	1.13	2,253.61	16.12	13.40	15.69	18.87	21.17
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	2.64	2.06	1.35	1.20	1.13	2,253.61	16.12	13.40	15.69	18.87	21.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	368	237	208	151	146	137	126	126	123	157	89
Invested Capital Turnover	2.25	3.19	3.88	4.68	4.86	0.02	4.61	4.80	5.03	6.87	11.08
Increase / (Decrease) in Invested Capital	131	30	57	5.17	8.43	11	0.76	2.92	-35	68	13
Enterprise Value (EV)	1,148	525	384	305	444	969	548	640	467	47	227
Market Capitalization	1,740	1,129	902	805	854	1,263	778	815	675	241	457
Book Value per Share	$14.60	$12.81	$10.81	$9.27	$8.02	$6.13	$5.09	$4.29	$4.69	$4.97	$4.19
Tangible Book Value per Share	$9.23	$8.59	$6.38	$6.49	$6.09	$4.77	$3.73	$2.91	$3.29	$3.54	$2.47
Total Capital	960	841	726	650	556	431	355	296	322	376	292
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	38	10
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-592	-604	-518	-499	-410	-294	-229	-175	-207	-194	-230
Capital Expenditures (CapEx)	4.63	6.41	13	10	9.77	5.17	6.73	6.33	4.13	12	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-84	-60	-106	-85	-47	-38	-57	-77	-128	-97	-92
Debt-free Net Working Capital (DFNWC)	508	544	412	414	363	257	172	98	79	134	148
Net Working Capital (NWC)	508	544	412	414	363	257	172	98	79	96	138
Net Nonoperating Expense (NNE)	-20	-32	-3.31	-0.04	-3.22	-4.37	-1.68	2.82	-3.93	-116	81
Net Nonoperating Obligations (NNO)	-592	-604	-518	-499	-410	-294	-229	-171	-199	-180	-193
Total Depreciation and Amortization (D&A)	15	17	20	17	15	9.15	9.39	14	23	25	55
Debt-free, Cash-free Net Working Capital to Revenue	-12.26%	-8.48%	-15.31%	-12.29%	-6.85%	-1,420.05%	-9.76%	-12.92%	-18.20%	-11.51%	-10.04%
Debt-free Net Working Capital to Revenue	74.57%	76.61%	59.23%	59.77%	52.85%	9,689.27%	29.66%	16.44%	11.21%	15.83%	16.18%
Net Working Capital to Revenue	74.57%	76.61%	59.23%	59.77%	52.85%	9,689.27%	29.66%	16.44%	11.21%	11.35%	15.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.25	$2.22	$1.41	$1.57	$1.79	$1.00	$0.79	($0.46)	($0.27)	$0.76	($2.65)
Adjusted Weighted Average Basic Shares Outstanding	65.65M	66.47M	67.93M	70.02M	69.41M	70.09M	69.60M	68.95M	68.37M	67.86M	67.52M
Adjusted Diluted Earnings per Share	$2.19	$2.18	$1.39	$1.55	$1.74	$0.97	$0.77	($0.46)	($0.27)	$0.76	($2.65)
Adjusted Weighted Average Diluted Shares Outstanding	67.24M	67.83M	69.03M	70.02M	71.27M	72.09M	71.48M	68.95M	68.37M	68.33M	67.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.00	$0.00	($0.46)	($0.27)	$0.00	($2.65)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	65.91M	65.65M	67.18M	70.02M	70.06M	70.15M	69.77M	69.12M	68.54M	68.10M	67.17M
Normalized Net Operating Profit after Tax (NOPAT)	131	127	95	110	122	66	53	24	-22	-22	-72
Normalized NOPAT Margin	19.22%	17.83%	13.62%	15.81%	17.69%	2,477.93%	9.20%	4.01%	-3.10%	-2.62%	-7.90%
Pre Tax Income Margin	29.57%	27.06%	19.31%	21.51%	21.35%	3,512.92%	12.79%	6.08%	-4.45%	-11.15%	-15.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	282.32	427.09	319.51	162.02	856.62	559.02	104.98	77.16	-54.87	-113.05	-283.47
NOPAT to Interest Expense	208.27	286.20	231.40	119.13	724.80	392.91	78.56	-64.47	-38.77	-77.27	-198.55
EBIT Less CapEx to Interest Expense	274.77	411.22	287.96	150.66	798.13	528.04	95.10	63.12	-61.94	-127.06	-310.27
NOPAT Less CapEx to Interest Expense	200.73	270.33	199.85	107.77	666.31	361.93	68.67	-78.51	-45.84	-91.27	-225.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.48%	9.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	26.06%	15.39%	24.11%	23.07%	14.37%	5.54%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Perdoceo Education's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.59%	19.28%	-5.61%	-10.63%	-13.97%	-16.02%	6.83%	11.26%	6.91%	10.19%	-3.21%
EBITDA Growth	28.56%	112.57%	1.93%	-34.25%	1.91%	-25.60%	37.17%	92.96%	0.00%	-33.74%	-17.89%
EBIT Growth	11.46%	123.92%	4.11%	-34.53%	7.07%	-24.76%	47.59%	108.09%	-0.63%	-38.33%	-22.85%
NOPAT Growth	15.80%	121.03%	-11.55%	-5.38%	8.74%	-17.31%	78.92%	39.89%	-0.67%	-39.12%	-26.58%
Net Income Growth	10.77%	83.06%	-7.39%	-29.71%	14.38%	7.73%	87.19%	112.18%	7.50%	-34.79%	-20.53%
EPS Growth	10.17%	76.92%	-8.06%	-28.75%	18.00%	8.33%	93.75%	116.22%	8.70%	-33.33%	-17.95%
Operating Cash Flow Growth	19.52%	33.41%	56.31%	-37.51%	1,091.86%	-67.46%	-38.30%	88.96%	-79.36%	-13.57%	-13.99%
Free Cash Flow Firm Growth	-297.76%	-496.65%	680.84%	818.89%	265.18%	58.75%	-295.33%	111.13%	-318.12%	-319.89%	-77.20%
Invested Capital Growth	60.09%	55.10%	-5.79%	7.23%	-5.57%	14.26%	24.79%	18.90%	34.42%	37.77%	10.12%
Revenue Q/Q Growth	20.73%	3.89%	1.85%	-0.91%	13.75%	-17.79%	-3.56%	-4.62%	11.04%	4.59%	0.44%
EBITDA Q/Q Growth	53.07%	-13.18%	-2.47%	-0.82%	153.11%	-58.37%	-37.09%	53.73%	84.78%	-23.24%	-11.51%
EBIT Q/Q Growth	43.69%	-19.56%	-2.60%	-0.99%	188.66%	-62.60%	-38.75%	61.94%	102.85%	-26.64%	-13.65%
NOPAT Q/Q Growth	47.76%	-17.29%	-1.87%	-3.44%	182.02%	-66.90%	4.97%	10.98%	114.46%	-28.39%	-17.93%
Net Income Q/Q Growth	38.85%	-17.75%	-0.45%	-2.57%	129.47%	-58.39%	-24.45%	58.55%	116.13%	-27.70%	-14.36%
EPS Q/Q Growth	41.30%	-19.30%	0.00%	-3.39%	126.92%	-58.06%	-22.50%	60.00%	108.33%	-25.00%	-13.51%
Operating Cash Flow Q/Q Growth	270.06%	-65.48%	32.32%	-29.30%	313.07%	-59.55%	-47.10%	1,248.38%	-88.72%	-23.30%	62.03%
Free Cash Flow Firm Q/Q Growth	8.92%	-326.24%	151.34%	-61.82%	374.79%	-120.25%	-497.61%	106.86%	31.38%	-1,142.99%	122.65%
Invested Capital Q/Q Growth	-2.69%	72.90%	-5.14%	0.31%	-5.73%	5.02%	7.97%	-11.67%	14.08%	14.70%	2.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	29.82%	23.52%	28.14%	29.39%	29.36%	13.20%	26.06%	39.95%	24.79%	14.90%	20.30%
Operating Margin	24.28%	21.07%	26.38%	27.59%	27.50%	10.78%	23.94%	25.78%	22.16%	12.87%	17.41%
EBIT Margin	24.28%	20.40%	26.35%	27.55%	27.57%	10.87%	23.89%	37.61%	22.15%	12.13%	17.29%
Profit (Net Income) Margin	20.51%	17.83%	22.53%	23.05%	23.44%	11.62%	22.96%	29.31%	17.63%	9.06%	13.10%
Tax Burden Percent	77.32%	72.81%	73.06%	72.49%	74.63%	76.81%	85.90%	73.29%	73.29%	65.31%	70.52%
Interest Burden Percent	109.27%	120.07%	117.03%	115.41%	113.92%	139.23%	111.90%	106.32%	108.59%	114.36%	107.47%
Effective Tax Rate	22.68%	27.19%	26.94%	27.51%	25.37%	23.19%	14.10%	26.71%	26.71%	34.69%	29.48%
Return on Invested Capital (ROIC)	46.86%	34.54%	57.34%	61.15%	60.85%	26.42%	74.61%	71.28%	55.65%	32.62%	48.26%
ROIC Less NNEP Spread (ROIC-NNEP)	46.27%	33.80%	56.50%	60.34%	60.01%	25.54%	73.84%	67.75%	55.12%	32.40%	47.99%
Return on Net Nonoperating Assets (RNNOA)	-31.62%	-22.44%	-42.46%	-44.88%	-43.02%	-18.29%	-54.28%	-50.18%	-39.30%	-23.96%	-35.72%
Return on Equity (ROE)	15.25%	12.10%	14.88%	16.27%	17.82%	8.13%	20.33%	21.10%	16.35%	8.66%	12.54%
Cash Return on Invested Capital (CROIC)	-0.47%	-1.01%	57.45%	47.00%	57.10%	38.66%	36.19%	36.12%	15.37%	19.89%	49.51%
Operating Return on Assets (OROA)	15.19%	12.38%	16.05%	17.46%	18.68%	7.85%	18.32%	29.24%	17.36%	9.34%	13.53%
Return on Assets (ROA)	12.83%	10.83%	13.72%	14.61%	15.88%	8.40%	17.61%	22.78%	13.81%	6.98%	10.25%
Return on Common Equity (ROCE)	15.25%	12.10%	14.88%	16.27%	17.82%	8.13%	20.33%	21.10%	16.35%	8.66%	12.54%
Return on Equity Simple (ROE_SIMPLE)	15.65%	0.00%	14.25%	15.16%	17.62%	0.00%	17.65%	16.05%	12.91%	0.00%	14.78%
Net Operating Profit after Tax (NOPAT)	40	27	33	33	35	12	37	35	32	15	21
NOPAT Margin	18.78%	15.34%	19.27%	20.00%	20.53%	8.28%	20.56%	18.89%	16.24%	8.41%	12.28%
Net Nonoperating Expense Percent (NNEP)	0.59%	0.74%	0.83%	0.81%	0.84%	0.88%	0.76%	3.53%	0.53%	0.23%	0.28%
Return On Investment Capital (ROIC_SIMPLE)	4.12%	2.82%	-	-	-	1.46%	-	-	-	2.04%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	47.38%	54.73%	55.17%	53.56%	51.99%	62.71%	51.16%	53.92%	57.61%	65.07%	61.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	75.72%	78.93%	73.62%	72.41%	72.50%	89.22%	76.06%	74.22%	77.84%	87.13%	82.59%
Earnings before Interest and Taxes (EBIT)	52	36	45	46	46	16	43	70	43	21	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	64	41	48	49	49	20	47	75	48	26	34
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.71	1.81	1.56	1.56	1.33	1.34	1.32	1.02	1.16	1.24	0.96
Price to Tangible Book Value (P/TBV)	2.67	2.87	2.21	2.25	1.95	2.00	2.00	1.62	1.89	2.10	1.43
Price to Revenue (P/Rev)	2.29	2.55	2.24	2.12	1.68	1.59	1.48	1.11	1.24	1.30	1.00
Price to Earnings (P/E)	10.93	11.79	10.96	10.30	7.52	7.65	7.49	6.35	8.96	9.41	6.53
Dividend Yield	1.99%	1.81%	2.07%	2.05%	1.89%	1.28%	0.66%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	9.15%	8.48%	9.13%	9.70%	13.29%	13.08%	13.36%	15.74%	11.16%	10.63%	15.32%
Enterprise Value to Invested Capital (EV/IC)	2.93	3.12	3.47	3.25	2.26	2.21	2.18	1.10	1.52	1.85	0.86
Enterprise Value to Revenue (EV/Rev)	1.44	1.69	1.13	1.10	0.74	0.74	0.67	0.32	0.51	0.55	0.23
Enterprise Value to EBITDA (EV/EBITDA)	5.19	6.12	4.45	4.43	2.66	2.77	2.51	1.25	2.44	2.60	0.97
Enterprise Value to EBIT (EV/EBIT)	5.87	6.63	4.82	4.82	2.88	3.04	2.77	1.40	2.83	3.00	1.11
Enterprise Value to NOPAT (EV/NOPAT)	7.87	8.99	6.53	6.24	4.27	4.54	4.15	2.24	3.90	4.14	1.53
Enterprise Value to Operating Cash Flow (EV/OCF)	6.08	7.10	4.69	5.26	3.12	4.68	3.53	1.44	2.76	2.59	1.01
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	5.86	7.17	3.84	6.10	6.69	3.31	11.35	10.77	1.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.68	-0.66	-0.75	-0.74	-0.72	-0.72	-0.74	-0.74	-0.71	-0.74	-0.74
Leverage Ratio	1.26	1.25	1.21	1.24	1.24	1.25	1.25	1.26	1.26	1.31	1.28
Compound Leverage Factor	1.38	1.50	1.42	1.43	1.41	1.75	1.40	1.34	1.36	1.50	1.38
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.24	5.57	6.95	6.84	5.83	6.16	5.47	4.31	4.62	4.16	4.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.46	4.84	5.48	5.43	4.95	5.90	4.81	4.00	4.33	3.52	4.15
Quick Ratio	3.90	4.35	5.14	5.04	4.54	5.47	4.36	3.58	3.81	3.13	3.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-94	-104	46	18	48	-17	-7.89	1.98	-29	-42	4.04
Operating Cash Flow to CapEx	3,749.40%	1,081.02%	5,228.51%	4,675.36%	4,548.58%	819.38%	2,742.89%	3,654.30%	237.51%	1,153.51%	2,259.02%
Free Cash Flow to Firm to Interest Expense	-56.13	-1,233.99	558.73	162.76	142.51	-149.77	-81.32	20.66	-304.22	-412.92	42.06
Operating Cash Flow to Interest Expense	38.72	209.51	621.68	343.97	162.66	113.72	336.22	642.17	48.13	397.51	550.64
Operating Cash Flow Less CapEx to Interest Expense	37.69	190.13	609.79	336.62	159.09	99.84	323.96	624.59	27.86	363.05	526.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.61	0.61	0.63	0.68	0.72	0.77	0.78	0.78	0.77	0.78
Accounts Receivable Turnover	95.06	138.06	81.06	111.61	142.25	177.59	103.60	93.69	107.62	270.04	326.33
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	13.15	11.66	31.36	30.59	29.24	29.95	29.64	28.38	26.36	25.56	26.05
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	3.84	2.64	4.50	3.27	2.57	2.06	3.52	3.90	3.39	1.35	1.12
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	3.84	2.64	4.50	3.27	2.57	2.06	3.52	3.90	3.39	1.35	1.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	358	368	213	224	224	237	226	209	237	208	181
Invested Capital Turnover	2.50	2.25	2.98	3.06	2.96	3.19	3.63	3.77	3.43	3.88	3.93
Increase / (Decrease) in Invested Capital	134	131	-13	15	-13	30	45	33	61	57	17
Enterprise Value (EV)	1,048	1,148	738	730	505	525	492	230	360	384	156
Market Capitalization	1,660	1,740	1,461	1,405	1,148	1,129	1,096	808	881	902	681
Book Value per Share	$14.72	$14.60	$14.24	$13.71	$13.21	$12.81	$12.65	$11.74	$11.33	$10.81	$10.42
Tangible Book Value per Share	$9.43	$9.23	$10.07	$9.52	$9.00	$8.59	$8.36	$7.40	$6.94	$6.38	$7.05
Total Capital	970	960	935	900	866	841	830	792	761	726	706
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-612	-592	-723	-675	-642	-604	-604	-578	-520	-518	-525
Capital Expenditures (CapEx)	1.74	1.63	0.98	0.82	1.20	1.61	1.19	1.69	1.93	3.52	2.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-80	-84	-90	-78	-79	-60	-73	-95	-70	-106	-83
Debt-free Net Working Capital (DFNWC)	532	508	632	598	564	544	530	483	450	412	442
Net Working Capital (NWC)	532	508	632	598	564	544	530	483	450	412	442
Net Nonoperating Expense (NNE)	-3.69	-4.40	-5.53	-5.08	-4.91	-4.94	-4.31	-19	-2.72	-1.15	-1.39
Net Nonoperating Obligations (NNO)	-612	-592	-723	-675	-642	-604	-604	-583	-524	-518	-525
Total Depreciation and Amortization (D&A)	12	5.51	3.05	3.07	3.02	3.45	3.91	4.37	5.16	4.88	5.07
Debt-free, Cash-free Net Working Capital to Revenue	-11.04%	-12.26%	-13.82%	-11.70%	-11.56%	-8.48%	-9.94%	-13.13%	-9.88%	-15.31%	-12.27%
Debt-free Net Working Capital to Revenue	73.28%	74.57%	96.88%	90.16%	82.55%	76.61%	71.84%	66.42%	63.62%	59.23%	65.09%
Net Working Capital to Revenue	73.28%	74.57%	96.88%	90.16%	82.55%	76.61%	71.84%	66.42%	63.62%	59.23%	65.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.67	$0.48	$0.58	$0.59	$0.60	$0.27	$0.63	$0.81	$0.51	$0.23	$0.33
Adjusted Weighted Average Basic Shares Outstanding	65.68M	65.65M	65.70M	65.61M	65.56M	66.47M	65.63M	67.42M	67.24M	67.93M	67.51M
Adjusted Diluted Earnings per Share	$0.65	$0.46	$0.57	$0.57	$0.59	$0.26	$0.62	$0.80	$0.50	$0.24	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	66.87M	67.24M	67.31M	67.08M	66.84M	67.83M	67.10M	68.53M	68.51M	69.03M	68.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	65.54M	65.91M	65.72M	65.67M	65.60M	65.65M	65.69M	65.61M	67.48M	67.18M	67.17M
Normalized Net Operating Profit after Tax (NOPAT)	40	29	33	34	36	17	43	36	32	17	21
Normalized NOPAT Margin	18.78%	16.16%	19.27%	20.36%	21.25%	11.16%	24.09%	19.19%	16.45%	9.43%	12.28%
Pre Tax Income Margin	26.53%	24.49%	30.83%	31.79%	31.41%	15.13%	26.73%	39.99%	24.06%	13.87%	18.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	30.74	428.44	545.63	410.14	138.49	138.55	443.04	730.92	456.11	209.42	303.31
NOPAT to Interest Expense	23.78	322.23	399.10	297.76	103.09	105.57	381.43	367.14	334.31	145.19	215.41
EBIT Less CapEx to Interest Expense	29.71	409.06	533.74	402.79	134.91	124.67	430.78	713.34	435.84	174.96	278.94
NOPAT Less CapEx to Interest Expense	22.74	302.85	387.21	290.40	99.52	91.69	369.18	349.57	314.05	110.73	191.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.20%	21.48%	22.77%	21.29%	14.16%	9.76%	4.93%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	38.79%	26.06%	32.02%	30.34%	23.50%	15.39%	6.80%	8.00%	20.46%	24.11%	41.24%

Frequently Asked Questions About Perdoceo Education's Financials

When does Perdoceo Education's fiscal year end?

According to the most recent income statement we have on file, Perdoceo Education's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Perdoceo Education's net income changed over the last 10 years?

Perdoceo Education's net income appears to be on an upward trend, with a most recent value of $147.59 million in 2024, falling from -$178.16 million in 2014. The previous period was $147.65 million in 2023. See Perdoceo Education's forecast for analyst expectations on what’s next for the company.

What is Perdoceo Education's operating income?

Perdoceo Education's total operating income in 2024 was $174.25 million, based on the following breakdown:

Total Gross Profit: $681.26 million
Total Operating Expenses: $507.01 million

How has Perdoceo Education revenue changed over the last 10 years?

Over the last 10 years, Perdoceo Education's total revenue changed from $913.96 million in 2014 to $681.26 million in 2024, a change of -25.5%.

How much debt does Perdoceo Education have?

Perdoceo Education's total liabilities were at $277.50 million at the end of 2024, a 67.3% increase from 2023, and a 4.8% decrease since 2014.

How much cash does Perdoceo Education have?

In the past 10 years, Perdoceo Education's cash and equivalents has ranged from $18.11 million in 2017 to $319.98 million in 2021, and is currently $109.13 million as of their latest financial filing in 2024.

How has Perdoceo Education's book value per share changed over the last 10 years?

Over the last 10 years, Perdoceo Education's book value per share changed from 4.19 in 2014 to 14.60 in 2024, a change of 248.4%.

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This page (NASDAQ:PRDO) was last updated on 6/1/2025 by MarketBeat.com Staff

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Perdoceo Education (PRDO) Financials

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Perdoceo Education (PRDO) Financials

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Advanced Stock Screeners and Research Tools