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Adtalem Global Education (ATGE) Financials

Adtalem Global Education logo
$130.49 -2.16 (-1.63%)
As of 10:51 AM Eastern
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Annual Income Statements for Adtalem Global Education

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

Quarterly Income Statements for Adtalem Global Education

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

Annual Cash Flow Statements for Adtalem Global Education

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

Quarterly Cash Flow Statements for Adtalem Global Education

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

Annual Balance Sheets for Adtalem Global Education

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

Quarterly Balance Sheets for Adtalem Global Education

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

Annual Metrics And Ratios for Adtalem Global Education

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%

Quarterly Metrics And Ratios for Adtalem Global Education

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%.



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