Growth Metrics

American Public Education (APEI) EBT Margin (2016 - 2026)

Quarterly EBT Margin rose 411.0% to 11.01% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 7.83% through Mar 2026, up 196.0% year-over-year, with the annual reading at 6.74% for FY2025, 178.0% up from the prior year.

American Public Education's EBT Margin history spans 18 years, with the latest figure at 11.01% for Q1 2026.

  • EBT Margin came in at 11.01% for Q1 2026, down from 11.24% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 12.77% in Q4 2024 to a low of 97.16% in Q2 2022.
  • The 5-year median for EBT Margin is 3.64% (2025), against an average of 4.71%.
  • Year-over-year, EBT Margin crashed -9972bps in 2022 and then soared 5208bps in 2023.
  • American Public Education's EBT Margin stood at 5.02% in 2022, then soared by 297bps to 9.91% in 2023, then rose by 29bps to 12.77% in 2024, then decreased by -12bps to 11.24% in 2025, then fell by -2bps to 11.01% in 2026.
  • Per Business Quant, the three most recent readings for APEI's EBT Margin are 11.01% (Q1 2026), 11.24% (Q4 2025), and 5.29% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 51Talk Online Education 9.59 Bn 9.55 Bn 22.18 Mn -19.01%
2 Graham Holdings 4.73 Bn 3.72 Bn 841.00 Mn 3.29%
3 Laureate Education 4.69 Bn 4.53 Bn -16.39 Mn -10.02%
4 Grand Canyon Education 4.19 Bn 3.94 Bn 244.77 Mn 31.90%
5 Stride 3.77 Bn 2.96 Bn 231.57 Mn 19.17%
6 Perdoceo Education 2.11 Bn 1.43 Bn 174.68 Mn 30.72%
7 Universal Technical Institute 2.01 Bn 1.84 Bn 103.97 Mn 0.17%
8 Strategic Education 1.71 Bn 1.55 Bn - 13.82%
9 Lincoln Educational Services 1.46 Bn 1.44 Bn 120.06 Mn 3.89%
10 American Public Education 943.17 Mn 722.17 Mn 100.11 Mn 11.01%

Historic Data

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DateValue
Mar 31, 2026 11.01%
Dec 31, 2025 11.24%
Sep 30, 2025 5.29%
Jun 30, 2025 3.64%
Mar 31, 2025 6.90%
Dec 31, 2024 12.77%
Sep 30, 2024 2.28%
Jun 30, 2024 0.94%
Mar 31, 2024 3.27%
Dec 31, 2023 9.91%
Sep 30, 2023 3.72%
Jun 30, 2023 -45.08%
Mar 31, 2023 -4.78%
Dec 31, 2022 -5.02%
Sep 30, 2022 -3.09%
Jun 30, 2022 -97.16%
Mar 31, 2022 4.12%
Dec 31, 2021 8.69%
Sep 30, 2021 -0.04%
Jun 30, 2021 2.56%
Mar 31, 2021 12.14%
Dec 31, 2020 11.41%
Sep 30, 2020 4.33%
Jun 30, 2020 11.23%
Mar 31, 2020 4.55%
Dec 31, 2019 12.52%
Sep 30, 2019 -2.79%
Jun 30, 2019 9.66%
Mar 31, 2019 3.32%
Dec 31, 2018 16.14%
Sep 30, 2018 10.49%
Jun 30, 2018 11.96%
Mar 31, 2018 8.88%
Dec 31, 2017 16.36%
Sep 30, 2017 10.39%
Jun 30, 2017 8.77%
Mar 31, 2017 10.99%
Dec 31, 2016 14.32%
Sep 30, 2016 0.58%
Jun 30, 2016 13.94%