Adtalem Global Education (ATGE) Financials

$130.49 -2.16 (-1.63%)

As of 10:51 AM Eastern

Annual Income Statements for Adtalem Global Education

This table shows Adtalem Global 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
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Income / (Loss) Attributable to Common Shareholders	137	93	311	70	-85	95	34	122	-3.17	140
Consolidated Net Income / (Loss)	137	93	311	70	-86	96	34	123	-2.76	141
Net Income / (Loss) Continuing Operations	138	102	-36	63	220	107	68	121	125	135
Total Pre-Tax Income	164	112	-51	76	205	140	156	131	151	154
Total Operating Income	217	168	77	110	110	156	167	135	156	157
Total Gross Profit	886	802	722	441	409	542	499	570	511	910
Total Revenue	1,585	1,451	1,382	899	866	1,014	960	1,208	1,080	1,910
Operating Revenue	1,585	1,451	1,382	899	866	1,014	960	1,208	1,080	1,756
Total Cost of Revenue	699	648	660	458	457	472	462	638	569	1,000
Operating Cost of Revenue	699	648	660	458	457	472	462	638	569	1,000
Total Operating Expenses	669	634	645	331	299	386	332	434	355	753
Selling, General & Admin Expense	633	586	566	292	280	359	328	369	353	708
Restructuring Charge	36	61	79	38	24	53	3.85	13	2.39	43
Other Special Charges / (Income)	0.00	-13	0.00	0.00	-4.78	0.00	0.00	-	-	0.00
Total Other Income / (Expense), net	-53	-56	-128	-35	95	-16	-11	-4.24	-5.27	-3.25
Interest Expense	64	63	129	41	20	20	12	9.14	5.93	5.31
Other Income / (Expense), net	11	6.97	1.11	6.73	111	-0.15	0.00	-	-	-
Income Tax Expense	26	10	-16	12	-15	33	88	9.59	25	19
Net Income / (Loss) Discontinued Operations	-0.94	-8.39	347	6.15	-306	-11	-34	2.31	-128	5.58
Basic Earnings per Share	$3.47	$2.08	$6.43	$1.36	($1.59)	$1.63	$0.55	$1.93	($0.05)	$2.17
Weighted Average Basic Shares Outstanding	39.41M	44.78M	48.39M	51.32M	53.66M	58.54M	61.46M	63.50M	64.04M	64.55M
Diluted Earnings per Share	$3.39	$2.05	$6.43	$1.36	($1.58)	$1.60	$0.54	$1.91	($0.05)	$2.14
Weighted Average Diluted Shares Outstanding	40.31M	45.60M	48.39M	51.65M	54.09M	59.33M	62.28M	63.50M	64.04M	64.55M
Weighted Average Basic & Diluted Shares Outstanding	37.69M	41.54M	45.20M	49.62M	51.88M	54.92M	61.46M	63.50M	64.04M	64.55M

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
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	61	76	46	49	37	40	11	22	46	25	0.59
Consolidated Net Income / (Loss)	61	76	46	49	37	40	11	22	46	25	0.59
Net Income / (Loss) Continuing Operations	61	71	46	51	37	38	12	24	49	24	5.51
Total Pre-Tax Income	79	92	58	56	48	45	15	28	49	29	6.64
Total Operating Income	91	104	70	69	62	59	28	40	59	46	24
Total Gross Profit	266	261	231	227	237	221	200	201	203	204	195
Total Revenue	466	448	417	410	413	393	369	365	369	363	354
Operating Revenue	466	448	417	410	413	393	369	365	369	363	354
Total Cost of Revenue	200	187	186	183	175	172	169	164	166	159	160
Operating Cost of Revenue	200	187	186	183	175	172	169	164	166	159	160
Total Operating Expenses	176	157	161	159	176	163	172	161	144	158	171
Selling, General & Admin Expense	175	157	159	155	157	156	166	153	145	142	146
Restructuring Charge	0.51	0.32	2.09	4.25	19	6.98	5.94	8.07	13	16	25
Total Other Income / (Expense), net	-11	-12	-12	-13	-14	-13	-13	-12	-10	-17	-17
Interest Expense	13	14	14	15	17	17	16	15	14	16	18
Other Income / (Expense), net	1.90	2.24	2.65	1.89	2.87	3.56	2.21	3.66	3.98	-1.44	0.76
Income Tax Expense	19	21	12	5.07	11	7.77	2.79	4.38	0.39	4.40	1.12
Net Income / (Loss) Discontinued Operations	0.04	4.68	-0.08	-1.18	-0.62	2.18	-1.31	-1.31	-2.69	0.53	-4.92
Basic Earnings per Share	$1.64	$2.03	$1.22	$1.26	$0.95	$1.00	$0.26	$0.51	$1.02	$0.54	$0.01
Weighted Average Basic Shares Outstanding	37.14M	37.44M	37.72M	39.41M	38.71M	39.87M	41.40M	44.78M	45.13M	45.43M	45.27M
Diluted Earnings per Share	$1.59	$1.98	$1.18	$1.23	$0.93	$0.98	$0.25	$0.51	$1.00	$0.53	$0.01
Weighted Average Diluted Shares Outstanding	38.23M	38.40M	39.11M	40.31M	39.64M	40.79M	42.18M	45.60M	45.80M	46.12M	46.34M
Weighted Average Basic & Diluted Shares Outstanding	35.93M	37.26M	37.49M	37.69M	37.61M	39.19M	39.83M	41.54M	43.61M	45.45M	45.40M

This table details how cash moves in and out of Adtalem Global 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
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Change in Cash & Equivalents	-54	-73	-966	812	201	-147	205	-64	-48	-2.77
Net Cash From Operating Activities	296	192	11	192	108	205	239	231	231	206
Net Cash From Continuing Operating Activities	288	195	164	169	110	185	174	202	162	206
Net Income / (Loss) Continuing Operations	138	102	-36	63	220	107	68	121	125	135
Consolidated Net Income / (Loss)	137	93	311	70	-86	96	34	123	-2.76	141
Net Income / (Loss) Discontinued Operations	-0.94	-8.39	347	6.15	-306	-11	-34	2.31	-128	5.58
Depreciation Expense	40	45	48	34	37	34	33	46	43	85
Amortization Expense	74	119	185	53	54	8.51	8.77	12	5.90	5.55
Non-Cash Adjustments To Reconcile Net Income	78	38	51	23	-87	50	53	46	53	116
Changes in Operating Assets and Liabilities, net	-42	-109	-84	-4.88	-114	-14	11	-23	-66	-136
Net Cash From Discontinued Operating Activities	7.41	-2.78	-153	23	-1.95	19	65	29	70	-0.16
Net Cash From Investing Activities	-48	24	-552	-57	383	-214	-71	-380	-215	-156
Net Cash From Continuing Investing Activities	-48	27	-1,509	-48	77	-155	-55	-373	-229	-156
Purchase of Property, Plant & Equipment	-49	-26	-31	-40	-40	-58	-52	-43	-51	-89
Acquisitions	0.00	0.00	-1,491	0.00	-8.44	-118	-3.07	-331	-177	-73
Purchase of Investments	-0.69	-1.51	-3.62	-11	-3.02	-6.32	-0.16	-0.09	-0.11	-0.16
Divestitures	0.00	0.00	961	-	314	0.00	0.00	0.00	-	-
Sale and/or Maturity of Investments	1.73	54	13	2.72	114	1.84	0.00	0.00	-	-
Other Investing Activities, net	0.00	-3.17	0.00	0.00	0.09	26	-17	-6.49	-	-
Net Cash From Financing Activities	-302	-289	-424	676	-256	-138	37	86	-69	-49
Net Cash From Continuing Financing Activities	-302	-289	-424	676	-253	-135	49	86	-69	-49
Repayment of Debt	-52	-151	-1,129	-21	-333	-28	-413	-407	-12	-9.50
Repurchase of Common Equity	-262	-123	-120	-100	-137	-253	-137	-49	-33	-26
Payment of Dividends	0.00	0.00	-1.79	0.00	-6.25	0.00	0.00	-11	-23	-23
Issuance of Debt	1.90	0.00	850	800	225	135	578	527	0.00	0.00
Issuance of Common Equity	0.81	0.61	0.54	0.26	0.02	0.42	0.90	0.87	1.15	1.20
Other Financing Activities, net	9.36	-15	-24	-2.75	-1.72	10	20	25	-3.14	8.83
Cash Interest Paid	58	53	107	14	20	20	12	7.33	3.51	1.80
Cash Income Taxes Paid	31	12	94	26	12	3.23	8.37	15	1.42	24

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
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	26	-71	46	34	1.25	-78	-11	-42	107	-120	-18
Net Cash From Operating Activities	208	-19	89	41	163	-13	95	42	108	-50	91
Net Cash From Continuing Operating Activities	208	-24	90	42	164	-14	86	45	108	-49	91
Net Income / (Loss) Continuing Operations	61	71	46	51	37	38	12	24	49	24	5.51
Consolidated Net Income / (Loss)	61	76	46	49	37	40	11	22	46	25	0.59
Net Income / (Loss) Discontinued Operations	0.04	4.68	-0.08	-1.18	-0.62	2.18	-1.31	-1.31	-2.69	0.53	-4.92
Depreciation Expense	10	10	9.80	7.99	11	10	9.34	9.76	11	11	14
Amortization Expense	17	11	11	16	18	19	21	24	25	28	42
Non-Cash Adjustments To Reconcile Net Income	31	27	23	24	18	18	18	13	-2.23	14	13
Changes in Operating Assets and Liabilities, net	89	-143	-0.01	-57	79	-99	26	-25	26	-126	16
Net Cash From Discontinued Operating Activities	0.05	4.59	-0.25	-0.99	-1.12	0.56	8.96	-2.37	0.46	-0.73	-0.13
Net Cash From Investing Activities	-10	-11	-9.54	4.04	-22	-9.15	-10	-6.96	44	-6.61	-6.31
Net Cash From Continuing Investing Activities	-10	-11	-9.54	4.04	-22	-9.15	-10	-6.96	44	-4.25	-5.50
Purchase of Property, Plant & Equipment	-10	-11	-10	3.12	-22	-9.18	-10	-6.96	-9.31	-4.20	-5.55
Purchase of Investments	-0.50	-0.24	-1.31	-0.19	-	-0.20	-0.30	-	-0.25	-0.95	-0.31
Sale and/or Maturity of Investments	0.69	0.24	2.19	1.11	-	0.23	0.40	-	53	0.90	0.36
Net Cash From Financing Activities	-172	-42	-34	-11	-140	-56	-95	-78	-44	-63	-103
Net Cash From Continuing Financing Activities	-172	-42	-34	-11	-140	-56	-95	-78	-44	-63	-103
Repayment of Debt	-100	-	-9.87	-	-52	-	0.00	-	-	-50	-101
Repurchase of Common Equity	-72	-41	-33	-12	-90	-70	-90	-78	-45	-	0.00
Issuance of Common Equity	0.36	0.27	0.30	0.23	0.22	0.17	0.19	0.16	0.16	0.16	0.13
Other Financing Activities, net	-0.08	-1.15	-1.22	0.55	0.00	14	-5.10	0.63	0.09	-14	-2.25

This table presents Adtalem Global 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
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Total Assets	2,741	2,811	3,030	3,085	2,229	2,243	2,345	2,315	2,097	2,040
Total Current Assets	418	480	557	1,515	693	505	688	471	518	560
Cash & Equivalents	219	272	347	476	501	204	431	240	308	353
Note & Lease Receivable	127	103	82	43	87	-	-	-	-	-
Prepaid Expenses	70	102	128	128	105	29	59	37	37	53
Plant, Property, & Equipment, net	249	245	290	284	286	283	389	489	522	546
Total Noncurrent Assets	2,067	2,086	2,183	1,286	1,250	1,455	1,268	1,355	1,057	934
Goodwill	961	961	961	310	686	687	814	829	588	552
Intangible Assets	777	812	874	138	288	298	363	392	343	324
Noncurrent Deferred & Refundable Income Taxes	49	57	51	53	22	13	39	35	53	7.10
Other Noncurrent Operating Assets	280	255	297	253	254	52	39	37	74	51
Total Liabilities & Shareholders' Equity	2,741	2,811	3,030	3,085	2,229	2,243	2,345	2,315	2,097	2,040
Total Liabilities	1,372	1,353	1,539	1,782	915	842	817	640	510	445
Total Current Liabilities	488	431	424	409	346	312	366	377	362	322
Accounts Payable	103	82	57	42	46	53	47	43	65	63
Accrued Expenses	97	106	98	126	104	77	81	90	103	85
Current Deferred Revenue	185	154	150	69	92	96	107	104	100	90
Current Employee Benefit Liabilities	71	52	68	54	49	47	71	77	93	83
Other Current Liabilities	31	38	51	54	52	0.00	-	-	-	-
Total Noncurrent Liabilities	885	922	1,115	1,373	569	530	451	262	148	123
Long-Term Debt	649	695	839	1,068	286	398	290	125	0.00	-
Noncurrent Deferred & Payable Income Tax Liabilities	30	26	26	26	25	25	29	35	30	22
Other Noncurrent Operating Liabilities	206	201	251	79	258	84	131	102	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,369	1,457	1,491	1,303	1,313	1,401	1,528	1,675	1,587	1,594
Total Preferred & Common Equity	1,369	1,457	1,491	1,301	1,310	1,392	1,519	1,669	1,582	1,585
Total Common Equity	1,369	1,457	1,491	1,301	1,310	1,392	1,519	1,669	1,582	1,585
Common Stock	613	570	523	521	505	487	455	417	373	351
Retained Earnings	2,541	2,404	2,310	2,005	1,928	2,013	1,917	1,881	1,771	1,796
Treasury Stock	-1,782	-1,514	-1,339	-1,217	-1,113	-971	-711	-570	-519	-485
Accumulated Other Comprehensive Income / (Loss)	-2.23	-2.23	-2.23	-7.37	-9.06	-137	-142	-59	-42	-77

This table presents Adtalem Global 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	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	3/31/2024	12/31/2023	9/30/2023	3/31/2023	12/31/2022	9/30/2022	3/31/2022
Total Assets	2,790	2,723	2,818	2,715	2,701	2,794	2,867	2,843	2,996	3,520
Total Current Assets	450	407	517	388	378	473	533	423	570	1,012
Cash & Equivalents	219	194	265	180	183	262	315	208	328	789
Note & Lease Receivable	163	147	172	141	134	148	113	100	112	96
Prepaid Expenses	66	65	79	59	58	61	103	114	128	125
Plant, Property, & Equipment, net	251	246	245	273	260	265	253	276	282	295
Total Noncurrent Assets	2,081	2,062	2,048	2,055	2,062	2,056	2,081	2,144	2,145	2,213
Goodwill	961	961	961	961	961	961	961	961	961	961
Intangible Assets	768	771	774	784	792	802	825	839	855	897
Noncurrent Deferred & Refundable Income Taxes	33	28	33	64	58	55	54	52	49	48
Other Noncurrent Operating Assets	318	301	280	245	251	239	241	292	279	307
Total Liabilities & Shareholders' Equity	2,790	2,723	2,818	2,715	2,701	2,794	2,867	2,843	2,996	3,520
Total Liabilities	1,357	1,284	1,428	1,394	1,332	1,415	1,357	1,320	1,486	2,041
Total Current Liabilities	541	385	551	509	399	496	438	371	491	526
Accounts Payable	99	67	91	92	88	77	73	71	64	67
Accrued Expenses	86	62	87	114	98	89	87	94	94	177
Current Deferred Revenue	248	172	291	203	135	251	175	116	227	172
Current Employee Benefit Liabilities	73	51	50	68	46	43	56	42	55	58
Other Current Liabilities	35	33	32	32	32	36	46	48	50	51
Total Noncurrent Liabilities	816	899	876	885	933	920	919	949	995	1,515
Long-Term Debt	552	650	649	648	696	696	694	694	742	1,225
Noncurrent Deferred & Payable Income Tax Liabilities	34	32	30	29	27	26	27	27	26	26
Other Noncurrent Operating Liabilities	231	217	197	48	41	198	197	62	63	74
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,433	1,439	1,390	1,321	1,369	1,379	1,510	1,523	1,510	1,479
Total Preferred & Common Equity	1,433	1,439	1,390	1,321	1,369	1,379	1,510	1,523	1,510	1,479
Total Common Equity	1,433	1,439	1,390	1,321	1,369	1,379	1,510	1,523	1,510	1,479
Common Stock	654	644	632	605	598	578	565	562	530	518
Retained Earnings	2,723	2,663	2,587	2,491	2,454	2,414	2,382	2,349	2,325	2,304
Treasury Stock	-1,943	-1,865	-1,826	-1,772	-1,681	-1,611	-1,434	-1,386	-1,343	-1,340
Accumulated Other Comprehensive Income / (Loss)	-2.23	-2.23	-2.23	-2.23	-2.23	-2.23	-2.23	-2.23	-2.23	-3.42

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.22%	4.99%	53.67%	3.79%	-14.54%	5.58%	-20.50%	11.84%	-43.45%	-0.70%
EBITDA Growth	0.69%	9.25%	52.01%	-34.51%	57.61%	-5.26%	8.16%	-5.91%	-17.04%	-8.71%
EBIT Growth	29.95%	124.95%	-33.53%	-46.95%	41.83%	-6.87%	23.37%	-13.19%	-0.52%	-13.44%
NOPAT Growth	19.38%	184.30%	-41.89%	-21.71%	-0.91%	63.56%	-41.99%	-3.30%	-5.87%	-9.98%
Net Income Growth	46.51%	-69.98%	346.87%	181.13%	-189.74%	178.69%	-72.18%	4,573.15%	-101.96%	4.45%
EPS Growth	65.37%	-68.12%	372.79%	186.08%	-198.75%	196.30%	-71.73%	3,920.00%	-102.34%	3.38%
Operating Cash Flow Growth	54.12%	1,710.34%	-94.48%	78.47%	-47.43%	-14.35%	3.58%	-0.24%	12.64%	-22.62%
Free Cash Flow Firm Growth	5.08%	122.03%	-368.96%	431.43%	-81.25%	110.64%	268.75%	-238.39%	9.94%	-47.51%
Invested Capital Growth	-4.72%	-5.30%	161.26%	-31.10%	3.40%	-22.95%	-8.86%	19.58%	3.35%	4.90%
Revenue Q/Q Growth	2.94%	0.51%	16.03%	11.43%	-17.99%	26.98%	-4.24%	46.46%	-41.46%	-0.62%
EBITDA Q/Q Growth	5.50%	-4.00%	27.76%	11.50%	22.87%	26.12%	-17.23%	-23.71%	52.06%	-2.89%
EBIT Q/Q Growth	13.57%	3.18%	75.79%	28.35%	25.91%	23.68%	-17.33%	-38.12%	235.22%	-5.45%
NOPAT Q/Q Growth	19.31%	24.90%	73.29%	-13.38%	-21.70%	-18.67%	2.03%	-33.83%	198.23%	-4.50%
Net Income Q/Q Growth	24.79%	25.29%	0.44%	136.90%	-138.96%	-12.04%	132.11%	75.30%	-107.43%	-5.18%
EPS Q/Q Growth	26.97%	17.82%	2.23%	139.19%	-139.30%	-11.60%	217.65%	75.23%	-108.93%	-5.31%
Operating Cash Flow Q/Q Growth	-0.65%	77.43%	-89.39%	31.35%	-40.78%	11.06%	-2.13%	27.17%	7.26%	-2.94%
Free Cash Flow Firm Q/Q Growth	173.58%	-23.71%	10.27%	-36.97%	135.25%	-30.44%	12.91%	21.91%	810.84%	4.63%
Invested Capital Q/Q Growth	-7.86%	-0.55%	-5.75%	-1.26%	-18.53%	9.94%	-4.65%	-2.89%	4.41%	5.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.92%	55.30%	52.25%	49.08%	47.24%	53.47%	51.94%	47.16%	47.32%	47.64%
EBITDA Margin	21.56%	23.39%	22.48%	22.72%	36.01%	19.52%	21.76%	15.99%	19.01%	12.96%
Operating Margin	13.70%	11.59%	5.55%	12.28%	12.70%	15.37%	17.41%	11.22%	14.45%	8.22%
EBIT Margin	14.36%	12.07%	5.63%	13.03%	25.48%	15.36%	17.41%	11.22%	14.45%	8.22%
Profit (Net Income) Margin	8.63%	6.43%	22.51%	7.74%	-9.90%	9.43%	3.57%	10.21%	-0.26%	7.37%
Tax Burden Percent	83.43%	83.33%	-603.94%	91.85%	-41.85%	68.40%	21.96%	93.92%	-1.83%	91.57%
Interest Burden Percent	72.03%	63.97%	-66.14%	64.68%	92.84%	89.77%	93.43%	96.87%	96.63%	97.93%
Effective Tax Rate	16.00%	9.18%	0.00%	16.26%	-7.29%	23.53%	56.41%	7.31%	16.79%	12.06%
Return on Invested Capital (ROIC)	9.95%	7.91%	3.92%	9.94%	10.90%	9.74%	5.03%	9.02%	10.41%	11.51%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.90%	-5.12%	-964.82%	15.99%	85.30%	19.52%	30.33%	9.99%	49.06%	10.78%
Return on Net Nonoperating Assets (RNNOA)	-0.27%	-1.58%	18.34%	-4.62%	-17.22%	-3.21%	-2.89%	-1.46%	-10.58%	-2.54%
Return on Equity (ROE)	9.68%	6.33%	22.26%	5.32%	-6.32%	6.53%	2.14%	7.56%	-0.17%	8.98%
Cash Return on Invested Capital (CROIC)	14.78%	13.36%	-85.36%	46.77%	7.56%	35.66%	14.29%	-8.82%	7.11%	6.73%
Operating Return on Assets (OROA)	8.20%	6.00%	2.55%	4.41%	9.88%	6.79%	7.17%	6.14%	7.55%	7.77%
Return on Assets (ROA)	4.93%	3.20%	10.17%	2.62%	-3.84%	4.17%	1.47%	5.59%	-0.13%	6.97%
Return on Common Equity (ROCE)	9.68%	6.33%	22.25%	5.31%	-6.29%	6.48%	2.13%	7.53%	-0.17%	8.93%
Return on Equity Simple (ROE_SIMPLE)	9.99%	6.41%	20.85%	5.35%	-6.55%	6.87%	2.26%	7.39%	-0.17%	8.88%
Net Operating Profit after Tax (NOPAT)	182	153	54	92	118	119	73	126	130	138
NOPAT Margin	11.51%	10.53%	3.89%	10.28%	13.63%	11.75%	7.59%	10.40%	12.03%	7.22%
Net Nonoperating Expense Percent (NNEP)	10.85%	13.04%	968.74%	-6.05%	-74.40%	-9.78%	-25.30%	-0.97%	-38.65%	0.74%
Cost of Revenue to Revenue	44.08%	44.70%	47.75%	50.92%	52.76%	46.53%	48.07%	52.84%	52.68%	52.36%
SG&A Expenses to Revenue	39.94%	40.39%	41.00%	32.53%	32.35%	35.44%	34.13%	30.55%	32.65%	37.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.22%	43.71%	46.70%	36.80%	34.53%	38.10%	34.53%	35.94%	32.87%	39.42%
Earnings before Interest and Taxes (EBIT)	228	175	78	117	221	156	167	135	156	157
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	342	339	311	204	312	198	209	193	205	247
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.87	1.03	1.09	1.35	1.23	1.83	1.91	1.42	0.70	1.18
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	2.06	4.79	6.27	8.46	5.31	1.71	2.63
Price to Revenue (P/Rev)	1.62	1.03	1.18	1.96	1.86	2.51	3.02	1.97	1.03	0.98
Price to Earnings (P/E)	18.75	16.04	5.22	25.15	0.00	26.78	85.79	19.44	0.00	13.34
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.95%	2.03%	1.23%
Earnings Yield	5.33%	6.23%	19.15%	3.98%	0.00%	3.73%	1.17%	5.15%	0.00%	7.50%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.02	1.07	2.25	1.28	2.58	2.00	1.49	0.63	1.23
Enterprise Value to Revenue (EV/Rev)	1.89	1.32	1.53	1.90	1.62	2.71	2.88	1.87	0.74	0.79
Enterprise Value to EBITDA (EV/EBITDA)	8.76	5.66	6.81	8.35	4.50	13.87	13.23	11.71	3.89	6.09
Enterprise Value to EBIT (EV/EBIT)	13.16	10.97	27.18	14.56	6.36	17.64	16.53	16.70	5.12	9.61
Enterprise Value to NOPAT (EV/NOPAT)	16.42	12.57	39.38	18.45	11.89	23.04	37.93	18.01	6.15	10.93
Enterprise Value to Operating Cash Flow (EV/OCF)	10.12	10.01	199.58	8.87	13.04	13.40	11.56	9.80	3.45	7.34
Enterprise Value to Free Cash Flow (EV/FCFF)	11.06	7.45	0.00	3.92	17.16	6.29	13.34	0.00	9.00	18.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.48	0.56	0.95	0.22	0.29	0.19	0.07	0.00	0.00
Long-Term Debt to Equity	0.47	0.48	0.56	0.95	0.22	0.28	0.19	0.07	0.00	0.00
Financial Leverage	0.30	0.31	-0.02	-0.29	-0.20	-0.16	-0.10	-0.15	-0.22	-0.24
Leverage Ratio	1.96	1.98	2.19	2.03	1.65	1.57	1.45	1.35	1.30	1.29
Compound Leverage Factor	1.41	1.27	-1.45	1.31	1.53	1.41	1.36	1.31	1.26	1.26
Debt to Total Capital	32.15%	32.29%	36.00%	48.72%	18.04%	22.26%	16.09%	6.94%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.12%	0.19%	0.17%	0.16%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.15%	32.29%	36.00%	48.60%	17.86%	22.09%	15.93%	6.94%	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%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.07%	0.18%	0.53%	0.50%	0.35%	0.32%	0.60%
Common Equity to Total Capital	67.85%	67.71%	64.00%	51.21%	81.78%	77.21%	83.41%	92.71%	99.68%	99.40%
Debt to EBITDA	1.90	2.05	2.70	6.06	0.93	2.03	1.40	0.65	0.00	0.00
Net Debt to EBITDA	1.26	1.25	1.58	-0.28	-0.68	0.95	-0.68	-0.63	0.00	0.00
Long-Term Debt to EBITDA	1.90	2.05	2.70	6.04	0.92	2.01	1.39	0.65	0.00	0.00
Debt to NOPAT	3.56	4.55	15.62	13.39	2.45	3.37	4.02	1.00	0.00	0.00
Net Debt to NOPAT	2.36	2.77	9.16	-0.62	-1.80	1.57	-1.95	-0.96	0.00	0.00
Long-Term Debt to NOPAT	3.56	4.55	15.62	13.36	2.42	3.34	3.98	1.00	0.00	0.00
Altman Z-Score	3.24	2.60	2.29	2.35	3.17	3.86	4.08	4.13	3.34	5.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.06%	0.18%	0.46%	0.64%	0.48%	0.35%	0.46%	0.51%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	1.11	1.32	3.71	2.00	1.62	1.88	1.25	1.43	1.74
Quick Ratio	0.71	0.87	1.01	1.27	1.70	0.95	1.59	1.04	1.31	1.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	271	258	-1,170	435	82	436	207	-123	89	81
Operating Cash Flow to CapEx	604.94%	737.73%	34.14%	481.93%	324.53%	355.82%	463.35%	543.24%	449.87%	248.77%
Free Cash Flow to Firm to Interest Expense	4.25	4.08	-9.04	10.52	4.20	21.93	17.89	-13.43	14.95	15.19
Operating Cash Flow to Interest Expense	4.65	3.04	0.08	4.65	5.52	10.30	20.65	25.25	39.01	38.68
Operating Cash Flow Less CapEx to Interest Expense	3.88	2.63	-0.16	3.68	3.82	7.40	16.20	20.61	30.34	23.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.50	0.45	0.34	0.39	0.44	0.41	0.55	0.52	0.95
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	8.81	6.50	7.77	7.16	14.05
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.43	5.43	4.82	3.16	3.04	3.02	2.19	2.39	2.02	3.47
Accounts Payable Turnover	7.57	9.33	13.25	10.30	9.16	9.36	10.19	11.84	8.91	17.34
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	41.45	56.14	47.00	50.95	25.97
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	48.19	39.10	27.54	35.43	39.87	39.02	35.81	30.82	40.98	21.05
Cash Conversion Cycle (CCC)	-48.19	-39.10	-27.54	-35.43	-39.87	2.44	20.33	16.18	9.97	4.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,789	1,877	1,982	759	1,101	1,065	1,382	1,517	1,268	1,227
Invested Capital Turnover	0.86	0.75	1.01	0.97	0.80	0.83	0.66	0.87	0.87	1.59
Increase / (Decrease) in Invested Capital	-89	-105	1,224	-343	36	-317	-134	248	41	57
Enterprise Value (EV)	2,995	1,920	2,116	1,706	1,405	2,746	2,764	2,262	799	1,508
Market Capitalization	2,565	1,498	1,624	1,761	1,614	2,549	2,897	2,377	1,113	1,866
Book Value per Share	$36.41	$33.42	$33.04	$26.32	$25.30	$24.59	$25.23	$26.65	$25.21	$24.87
Tangible Book Value per Share	($9.81)	($7.25)	($7.61)	$17.27	$6.50	$7.18	$5.69	$7.15	$10.38	$11.12
Total Capital	2,018	2,152	2,330	2,541	1,602	1,802	1,821	1,800	1,587	1,594
Total Debt	649	695	839	1,238	289	401	293	125	0.00	0.00
Total Long-Term Debt	649	695	839	1,235	286	398	290	125	0.00	0.00
Net Debt	429	423	492	-58	-212	187	-142	-121	-319	-367
Capital Expenditures (CapEx)	49	26	31	40	33	58	52	43	51	83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-289	-223	-214	-186	-151	-18	-110	-152	-163	-130
Debt-free Net Working Capital (DFNWC)	-70	49	133	1,109	350	196	325	94	156	238
Net Working Capital (NWC)	-70	49	133	1,106	347	193	322	94	156	238
Net Nonoperating Expense (NNE)	46	59	-257	23	204	24	39	2.31	133	-2.72
Net Nonoperating Obligations (NNO)	420	420	491	-544	-212	-336	-146	-159	-319	-367
Total Depreciation and Amortization (D&A)	114	164	233	87	91	42	42	58	49	91
Debt-free, Cash-free Net Working Capital to Revenue	-18.23%	-15.38%	-15.45%	-20.71%	-17.47%	-1.76%	-11.46%	-12.57%	-15.06%	-6.79%
Debt-free Net Working Capital to Revenue	-4.39%	3.38%	9.66%	123.34%	40.37%	19.34%	33.87%	7.77%	14.47%	12.44%
Net Working Capital to Revenue	-4.39%	3.38%	9.66%	123.01%	40.02%	19.04%	33.55%	7.77%	14.47%	12.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.47	$2.08	$6.57	$1.50	($1.59)	$1.63	$0.55	$1.93	($0.05)	$2.17
Adjusted Weighted Average Basic Shares Outstanding	39.41M	44.78M	48.39M	51.32M	53.66M	54.92M	59.93M	62.08M	62.35M	63.51M
Adjusted Diluted Earnings per Share	$3.39	$2.05	$6.57	$1.49	($1.58)	$1.60	$0.54	$1.91	($0.05)	$2.14
Adjusted Weighted Average Diluted Shares Outstanding	40.31M	45.60M	48.39M	51.65M	54.09M	54.92M	59.93M	62.08M	62.35M	63.51M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.69M	41.54M	45.20M	49.62M	51.88M	54.92M	59.93M	62.08M	62.35M	63.51M
Normalized Net Operating Profit after Tax (NOPAT)	213	196	109	125	90	160	120	138	132	177
Normalized NOPAT Margin	13.42%	13.54%	7.88%	13.86%	10.42%	15.76%	12.47%	11.39%	12.21%	9.28%
Pre Tax Income Margin	10.35%	7.72%	-3.73%	8.43%	23.66%	13.78%	16.26%	10.87%	13.96%	8.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.58	2.78	0.60	2.83	11.32	7.82	14.43	14.82	26.30	29.53
NOPAT to Interest Expense	2.86	2.42	0.42	2.24	6.05	5.99	6.29	13.74	21.89	25.97
EBIT Less CapEx to Interest Expense	2.81	2.36	0.36	1.87	9.62	4.93	9.98	10.17	17.63	13.99
NOPAT Less CapEx to Interest Expense	2.10	2.01	0.18	1.27	4.35	3.10	1.83	9.09	13.22	10.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.58%	0.00%	-7.28%	0.00%	0.00%	9.26%	-833.71%	16.51%
Augmented Payout Ratio	191.53%	131.89%	39.16%	143.69%	-166.87%	264.54%	399.53%	48.61%	-2,017.82%	34.93%

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
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	12.94%	13.86%	13.16%	12.41%	11.81%	8.38%	4.11%	2.06%	1.32%	-2.25%	22.55%
EBITDA Growth	28.51%	39.52%	55.04%	23.15%	-4.95%	10.73%	-25.64%	-18.48%	0.68%	0.37%	129.55%
EBIT Growth	43.05%	70.66%	139.69%	62.92%	1.87%	40.95%	24.65%	5.09%	94.38%	72.34%	210.57%
NOPAT Growth	44.16%	65.00%	143.32%	86.72%	-18.40%	26.13%	16.40%	885.78%	155.62%	122.54%	227.15%
Net Income Growth	65.21%	90.16%	333.64%	122.17%	-19.73%	61.81%	1,698.31%	553.85%	-86.81%	38.09%	101.02%
EPS Growth	70.97%	102.04%	372.00%	141.18%	-7.00%	84.91%	2,400.00%	155.00%	-85.80%	47.22%	100.85%
Operating Cash Flow Growth	35.32%	-44.03%	-6.06%	-4.53%	50.57%	73.55%	4.08%	203.01%	112.76%	-25.55%	123.54%
Free Cash Flow Firm Growth	4,561.22%	40.17%	-66.27%	8.98%	-102.08%	34.86%	148.20%	111.27%	120.93%	109.10%	110.56%
Invested Capital Growth	-9.56%	-7.94%	-2.51%	-4.72%	2.85%	-5.74%	-13.26%	-5.30%	-10.25%	-3.98%	-4.62%
Revenue Q/Q Growth	4.09%	7.27%	1.83%	-0.67%	4.94%	6.61%	1.15%	-1.20%	1.72%	2.42%	-0.85%
EBITDA Q/Q Growth	-6.17%	36.13%	-1.32%	0.97%	1.86%	51.27%	-21.61%	-22.07%	19.83%	1.59%	-14.07%
EBIT Q/Q Growth	-12.91%	45.58%	3.50%	9.01%	3.89%	104.47%	-29.65%	-31.84%	43.75%	80.82%	-40.68%
NOPAT Q/Q Growth	-13.51%	44.18%	-10.70%	29.46%	-1.01%	112.62%	-31.48%	-43.42%	53.01%	96.21%	562.59%
Net Income Q/Q Growth	-19.81%	64.32%	-6.58%	34.21%	-7.70%	274.70%	-52.14%	-51.51%	86.06%	4,064.36%	-82.60%
EPS Q/Q Growth	-19.70%	67.80%	-4.07%	32.26%	-5.10%	292.00%	-50.98%	-49.00%	88.68%	5,200.00%	-95.00%
Operating Cash Flow Q/Q Growth	1,193.17%	-121.29%	120.15%	-75.05%	2,390.11%	-113.89%	123.72%	-60.65%	316.30%	-154.66%	321.42%
Free Cash Flow Firm Q/Q Growth	4.95%	140.48%	-33.02%	2,739.04%	-103.30%	-42.14%	116.42%	-49.59%	113.65%	6.49%	109.83%
Invested Capital Q/Q Growth	-6.88%	6.86%	-1.36%	-7.86%	-5.22%	13.17%	-3.59%	-0.55%	-13.13%	4.14%	5.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.11%	58.32%	55.44%	55.47%	57.51%	56.24%	54.28%	55.10%	55.07%	56.09%	54.94%
EBITDA Margin	25.64%	28.45%	22.41%	23.13%	22.75%	23.21%	16.36%	21.11%	26.77%	22.72%	22.91%
Operating Margin	19.42%	23.20%	16.83%	16.72%	14.96%	14.90%	7.64%	10.85%	16.10%	12.55%	6.67%
EBIT Margin	19.83%	23.70%	17.46%	17.18%	15.65%	15.81%	8.24%	11.85%	17.18%	12.16%	6.89%
Profit (Net Income) Margin	13.05%	16.94%	11.06%	12.06%	8.92%	10.14%	2.89%	6.10%	12.43%	6.79%	0.17%
Tax Burden Percent	76.68%	82.28%	79.05%	88.77%	76.65%	87.71%	72.17%	79.65%	93.70%	86.44%	8.92%
Interest Burden Percent	85.85%	86.89%	80.13%	79.05%	74.36%	73.15%	48.51%	64.61%	77.20%	64.66%	27.20%
Effective Tax Rate	23.37%	22.80%	20.82%	9.10%	22.06%	17.08%	18.93%	15.67%	0.79%	15.41%	16.91%
Return on Invested Capital (ROIC)	14.02%	15.37%	12.18%	13.14%	9.37%	8.76%	4.66%	6.88%	11.56%	6.89%	3.75%
ROIC Less NNEP Spread (ROIC-NNEP)	12.21%	14.60%	9.83%	10.07%	7.11%	7.45%	2.24%	4.44%	8.94%	5.18%	1.21%
Return on Net Nonoperating Assets (RNNOA)	4.18%	5.85%	2.86%	2.99%	2.51%	3.42%	0.78%	1.37%	3.00%	2.99%	0.65%
Return on Equity (ROE)	18.20%	21.22%	15.04%	16.13%	11.88%	12.18%	5.44%	8.25%	14.55%	9.88%	4.41%
Cash Return on Invested Capital (CROIC)	24.48%	20.77%	14.55%	14.78%	5.17%	13.73%	22.18%	13.36%	16.93%	7.97%	16.02%
Operating Return on Assets (OROA)	12.54%	14.75%	10.16%	9.81%	8.63%	8.53%	4.17%	5.89%	7.77%	5.38%	2.93%
Return on Assets (ROA)	8.26%	10.54%	6.44%	6.88%	4.92%	5.47%	1.46%	3.03%	5.62%	3.01%	0.07%
Return on Common Equity (ROCE)	18.20%	21.22%	15.04%	16.13%	11.88%	12.18%	5.44%	8.25%	14.55%	9.87%	4.40%
Return on Equity Simple (ROE_SIMPLE)	16.21%	14.47%	12.40%	0.00%	8.30%	8.66%	7.50%	0.00%	4.93%	24.72%	24.48%
Net Operating Profit after Tax (NOPAT)	69	80	56	62	48	49	23	33	59	39	20
NOPAT Margin	14.88%	17.91%	13.32%	15.19%	11.66%	12.36%	6.20%	9.15%	15.97%	10.62%	5.54%
Net Nonoperating Expense Percent (NNEP)	1.81%	0.77%	2.35%	3.06%	2.26%	1.31%	2.42%	2.44%	2.61%	1.71%	2.54%
Return On Investment Capital (ROIC_SIMPLE)	3.49%	3.84%	-	-	-	2.18%	-	-	-	-	-
Cost of Revenue to Revenue	42.89%	41.69%	44.56%	44.53%	42.49%	43.76%	45.72%	44.90%	44.93%	43.91%	45.06%
SG&A Expenses to Revenue	37.59%	35.04%	38.11%	37.72%	37.97%	39.56%	45.03%	42.04%	39.16%	39.08%	41.32%
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	37.69%	35.12%	38.61%	38.75%	42.56%	41.34%	46.64%	44.25%	38.97%	43.54%	48.27%
Earnings before Interest and Taxes (EBIT)	92	106	73	70	65	62	30	43	63	44	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	119	127	94	95	94	91	60	77	99	82	81
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.62	2.37	2.05	1.87	1.52	1.71	1.29	1.03	1.16	1.06	1.09
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.15	2.02	1.74	1.62	1.31	1.57	1.21	1.03	1.22	1.12	1.14
Price to Earnings (P/E)	16.15	16.35	16.51	18.75	18.38	19.79	17.21	16.04	23.56	4.28	4.46
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.19%	6.11%	6.06%	5.33%	5.44%	5.05%	5.81%	6.23%	4.25%	23.35%	22.43%
Enterprise Value to Invested Capital (EV/IC)	2.33	2.05	1.83	1.67	1.36	1.48	1.22	1.02	1.13	1.04	1.07
Enterprise Value to Revenue (EV/Rev)	2.35	2.29	1.98	1.89	1.71	2.02	1.51	1.32	1.48	1.57	1.54
Enterprise Value to EBITDA (EV/EBITDA)	9.33	9.40	8.61	8.76	8.14	9.25	6.95	5.66	6.04	6.33	6.27
Enterprise Value to EBIT (EV/EBIT)	11.95	12.30	11.96	13.16	13.15	15.19	12.22	10.97	12.57	15.79	18.17
Enterprise Value to NOPAT (EV/NOPAT)	15.30	15.71	15.04	16.42	17.24	18.34	14.23	12.57	17.45	26.08	9.22
Enterprise Value to Operating Cash Flow (EV/OCF)	12.06	13.59	11.14	10.12	8.85	13.03	11.31	10.01	19.73	44.42	36.41
Enterprise Value to Free Cash Flow (EV/FCFF)	9.02	9.45	12.42	11.06	26.61	10.45	5.12	7.45	6.32	12.80	6.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.45	0.47	0.47	0.61	0.63	0.50	0.48	0.46	0.57	0.60
Long-Term Debt to Equity	0.39	0.45	0.47	0.47	0.61	0.63	0.50	0.48	0.46	0.57	0.60
Financial Leverage	0.34	0.40	0.29	0.30	0.35	0.46	0.35	0.31	0.34	0.58	0.54
Leverage Ratio	2.00	1.93	2.03	1.96	1.97	1.92	2.00	1.98	2.14	2.31	2.45
Compound Leverage Factor	1.72	1.68	1.62	1.55	1.47	1.40	0.97	1.28	1.65	1.50	0.67
Debt to Total Capital	27.82%	31.11%	31.84%	32.15%	37.95%	38.71%	33.54%	32.29%	31.50%	36.10%	37.51%
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	27.82%	31.11%	31.84%	32.15%	37.95%	38.71%	33.54%	32.29%	31.50%	36.10%	37.51%
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	72.18%	68.89%	68.16%	67.85%	62.05%	61.29%	66.46%	67.71%	68.50%	63.90%	62.49%
Debt to EBITDA	1.26	1.58	1.73	1.90	2.49	2.64	2.18	2.05	1.96	2.41	2.56
Net Debt to EBITDA	0.76	1.11	1.03	1.26	1.92	2.07	1.36	1.25	1.07	1.82	1.63
Long-Term Debt to EBITDA	1.26	1.58	1.73	1.90	2.49	2.64	2.18	2.05	1.96	2.41	2.56
Debt to NOPAT	2.07	2.64	3.02	3.56	5.29	5.24	4.47	4.55	5.68	9.92	3.76
Net Debt to NOPAT	1.25	1.85	1.79	2.36	4.06	4.11	2.79	2.77	3.10	7.50	2.39
Long-Term Debt to NOPAT	2.07	2.64	3.02	3.56	5.29	5.24	4.47	4.55	5.68	9.92	3.76
Altman Z-Score	3.72	3.72	3.13	3.05	2.74	2.95	2.51	2.45	2.56	2.47	2.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.83	1.06	0.94	0.86	0.76	0.95	0.95	1.11	1.22	1.14	1.16
Quick Ratio	0.71	0.89	0.79	0.71	0.63	0.79	0.83	0.87	0.98	0.83	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	255	243	101	151	-5.71	173	299	138	275	128	121
Operating Cash Flow to CapEx	2,029.78%	-178.08%	857.65%	0.00%	749.89%	-143.88%	911.18%	610.76%	1,160.19%	-1,189.97%	1,645.58%
Free Cash Flow to Firm to Interest Expense	19.50	17.46	6.97	10.22	-0.35	10.38	19.13	9.05	18.99	8.24	6.79
Operating Cash Flow to Interest Expense	15.90	-1.37	6.17	2.75	9.82	-0.79	6.07	2.78	7.47	-3.20	5.14
Operating Cash Flow Less CapEx to Interest Expense	15.12	-2.14	5.45	2.96	8.51	-1.34	5.41	2.32	6.83	-3.47	4.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.62	0.58	0.57	0.55	0.54	0.51	0.50	0.45	0.44	0.43
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	6.65	6.67	6.41	6.43	5.86	5.58	5.36	5.43	5.27	4.98	4.90
Accounts Payable Turnover	7.91	9.42	8.51	7.57	8.21	8.42	9.31	9.33	9.19	9.46	8.13
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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)	46.14	38.73	42.90	48.19	44.44	43.37	39.22	39.10	39.71	38.58	44.87
Cash Conversion Cycle (CCC)	-46.14	-38.73	-42.90	-48.19	-44.44	-43.37	-39.22	-39.10	-39.71	-38.58	-44.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,756	1,886	1,765	1,789	1,941	2,048	1,810	1,877	1,888	2,173	2,087
Invested Capital Turnover	0.94	0.86	0.91	0.86	0.80	0.71	0.75	0.75	0.72	0.65	0.68
Increase / (Decrease) in Invested Capital	-186	-163	-45	-89	54	-125	-277	-105	-216	-90	-101
Enterprise Value (EV)	4,084	3,862	3,229	2,995	2,635	3,027	2,213	1,920	2,134	2,262	2,224
Market Capitalization	3,750	3,406	2,845	2,565	2,014	2,348	1,780	1,498	1,755	1,612	1,648
Book Value per Share	$38.45	$38.38	$36.88	$36.41	$33.71	$34.38	$33.19	$33.42	$33.23	$33.54	$33.40
Tangible Book Value per Share	($7.97)	($7.83)	($9.16)	($9.81)	($10.83)	($9.65)	($9.25)	($7.25)	($6.06)	($6.11)	($6.78)
Total Capital	1,985	2,089	2,039	2,018	2,129	2,234	2,074	2,152	2,205	2,383	2,417
Total Debt	552	650	649	649	808	865	696	695	694	860	907
Total Long-Term Debt	552	650	649	649	808	865	696	695	694	860	907
Net Debt	333	456	385	429	620	679	433	423	379	650	577
Capital Expenditures (CapEx)	10	11	10	-3.12	22	9.18	10	6.96	9.31	4.20	5.55
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-309	-171	-299	-289	-309	-207	-285	-223	-220	-158	-251
Debt-free Net Working Capital (DFNWC)	-90	23	-34	-70	-121	-20	-23	49	95	52	79
Net Working Capital (NWC)	-90	23	-34	-70	-121	-20	-23	49	95	52	79
Net Nonoperating Expense (NNE)	8.53	4.33	9.45	13	11	8.71	12	11	13	14	19
Net Nonoperating Obligations (NNO)	323	447	375	420	620	679	431	420	377	650	577
Total Depreciation and Amortization (D&A)	27	21	21	24	29	29	30	34	35	38	57
Debt-free, Cash-free Net Working Capital to Revenue	-17.76%	-10.16%	-18.32%	-18.23%	-20.06%	-13.81%	-19.46%	-15.38%	-15.26%	-11.01%	-17.32%
Debt-free Net Working Capital to Revenue	-5.18%	1.34%	-2.11%	-4.39%	-7.89%	-1.37%	-1.55%	3.38%	6.59%	3.59%	5.49%
Net Working Capital to Revenue	-5.18%	1.34%	-2.11%	-4.39%	-7.89%	-1.37%	-1.55%	3.38%	6.59%	3.59%	5.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.64	$2.03	$1.22	$1.26	$0.95	$1.00	$0.26	$0.51	$1.02	$0.53	$0.05
Adjusted Weighted Average Basic Shares Outstanding	37.14M	37.44M	37.72M	39.41M	38.71M	39.87M	41.40M	44.78M	45.13M	45.43M	45.27M
Adjusted Diluted Earnings per Share	$1.59	$1.98	$1.18	$1.23	$0.93	$0.98	$0.25	$0.51	$1.00	$0.52	$0.05
Adjusted Weighted Average Diluted Shares Outstanding	38.23M	38.40M	39.11M	40.31M	39.64M	40.79M	42.18M	45.60M	45.80M	46.12M	46.34M
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	35.93M	37.26M	37.49M	37.69M	37.61M	39.19M	39.83M	41.54M	43.61M	45.45M	45.40M
Normalized Net Operating Profit after Tax (NOPAT)	70	80	57	66	63	54	28	40	58	52	40
Normalized NOPAT Margin	14.97%	17.97%	13.72%	16.14%	15.23%	13.83%	7.50%	11.01%	15.79%	14.39%	11.31%
Pre Tax Income Margin	17.02%	20.59%	13.99%	13.58%	11.64%	11.57%	4.00%	7.66%	13.26%	7.86%	1.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.07	7.63	5.03	4.77	3.90	3.72	1.94	2.83	4.39	2.83	1.37
NOPAT to Interest Expense	5.31	5.77	3.84	4.22	2.91	2.91	1.46	2.18	4.08	2.47	1.11
EBIT Less CapEx to Interest Expense	6.28	6.86	4.31	4.99	2.59	3.17	1.28	2.37	3.74	2.56	1.06
NOPAT Less CapEx to Interest Expense	4.52	5.00	3.12	4.43	1.60	2.36	0.79	1.73	3.43	2.20	0.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	68.00%	84.26%	118.80%	191.53%	300.07%	239.09%	206.56%	131.89%	60.00%	0.00%	32.47%

Frequently Asked Questions About Adtalem Global Education's Financials

When does Adtalem Global Education's fiscal year end?

According to the most recent income statement we have on file, Adtalem Global Education's financial year ends in June. Their financial year 2024 ended on June 30, 2024.

How has Adtalem Global Education's net income changed over the last 9 years?

Adtalem Global Education's net income appears to be on an upward trend, with a most recent value of $136.78 million in 2024, falling from $140.70 million in 2015. The previous period was $93.36 million in 2023. See where experts think Adtalem Global Education is headed by visiting Adtalem Global Education's forecast page.

What is Adtalem Global Education's operating income?

Adtalem Global Education's total operating income in 2024 was $217.05 million, based on the following breakdown:

Total Gross Profit: $886.10 million
Total Operating Expenses: $669.05 million

How has Adtalem Global Education revenue changed over the last 9 years?

Over the last 9 years, Adtalem Global Education's total revenue changed from $1.91 billion in 2015 to $1.58 billion in 2024, a change of -17.0%.

How much debt does Adtalem Global Education have?

Adtalem Global Education's total liabilities were at $1.37 billion at the end of 2024, a 1.4% increase from 2023, and a 208.1% increase since 2015.

How much cash does Adtalem Global Education have?

In the past 9 years, Adtalem Global Education's cash and equivalents has ranged from $204.20 million in 2019 to $500.52 million in 2020, and is currently $219.31 million as of their latest financial filing in 2024.

How has Adtalem Global Education's book value per share changed over the last 9 years?

Over the last 9 years, Adtalem Global Education's book value per share changed from 24.87 in 2015 to 36.41 in 2024, a change of 46.4%.

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This page (NYSE:ATGE) was last updated on 5/29/2025 by MarketBeat.com Staff

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Adtalem Global Education (ATGE) Financials

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Adtalem Global Education (ATGE) Financials

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