To the full analysis
American Public Education stock: growth
APEIAmerican Public Education reported $648.86M in revenue for fiscal 2025, up 3.9% on the prior year, up 15.1% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
15.8%
per year from 2006 to 2025, per share 13.2%
Earnings (Annual rate)
16.3%
per year from 2006 to 2025, per share 12.5%
Free cash flow (Annual rate)
13.7%
per year from 2006 to 2025, per share 11.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 15.1% | 7.1% | 15.8% |
| Revenue per share | 10.7% | 6.2% | 13.2% |
| Earnings | 10.9% | −0.3% | 16.3% |
| Earnings per share | 2.0% | −3.2% | 12.5% |
| Free cash flow | 2.9% | 4.4% | 13.7% |
| Free cash flow per share | −0.9% | 3.6% | 11.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $40.05M | $1.8M | $4M |
| 2007 | $69.1M | $8.75M | $10.34M |
| 2008 | $107.15M | $16.19M | $18.85M |
| 2009 | $149M | $23.94M | $24.96M |
| 2010 | $198.17M | $29.87M | $24.05M |
| 2011 | $260.38M | $40.76M | $45.21M |
| 2012 | $313.52M | $42.32M | $17.58M |
| 2013 | $329.48M | $42.03M | $38.52M |
| 2014 | $350.02M | $40.88M | $35.36M |
| 2015 | $327.91M | $32.41M | $29.94M |
| 2016 | $313.14M | $24.16M | $39.62M |
| 2017 | $299.25M | $21.12M | $33.15M |
| 2018 | $297.69M | $25.64M | $34.75M |
| 2019 | $286.27M | $10.01M | $31.12M |
| 2020 | $321.79M | $18.82M | $39.88M |
| 2021 | $418.8M | $17.75M | $4.44M |
| 2022 | $606.33M | −$114.99M | $12.83M |
| 2023 | $600.55M | −$47.29M | $31.62M |
| 2024 | $624.56M | $16.11M | $27.79M |
| 2025 | $648.86M | $31.56M | $46.1M |
Revenue by segment
How American Public Education, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Instructional Services, Net Of Grants And Scholarships91%
- Textbook And Other Course Materials7%
- Other1%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|
| Instructional Services, Net Of Grants And Scholarships | $280.22M | $313.93M | $394.59M | $554.7M | $554.71M | $575.69M | $591.82M | 91.2% |
| Textbook And Other Course Materials | $3.65M | $5.2M | $20.16M | $45.7M | $40.26M | $42.23M | $47.67M | 7.3% |
| Other | $0 | $0 | $0 | $0 | $0 | $6.64M | $9.37M | 1.4% |
| Total revenue | $286.27M | $321.79M | $418.8M | $606.33M | $600.55M | $624.56M | $648.86M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 29 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.