Perdoceo Education (PRDO) Financials

$25.93 +0.13 (+0.50%)

Closing price 04:00 PM Eastern

Extended Trading

$25.92 -0.01 (-0.04%)

As of 04:20 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-178	52	-19	-32	55	160	124	110	96	148	148
Consolidated Net Income / (Loss)	-178	52	-19	-32	55	70	124	110	96	148	148
Net Income / (Loss) Continuing Operations	-143	53	-15	-31	56	71	124	110	96	148	148
Total Pre-Tax Income	-139	-94	-31	36	74	93	147	149	134	192	201
Total Operating Income	-139	-92	-32	34	71	86	143	149	130	150	174
Total Gross Profit	914	847	704	596	581	1,253	687	693	695	710	681
Total Revenue	914	847	704	596	581	2.65	687	693	695	710	681
Operating Revenue	905	842	704	596	581	1,253	687	693	695	710	681
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	1,053	939	737	562	510	1,082	544	544	566	560	507
Selling, General & Admin Expense	640	564	478	405	391	532	417	419	426	398	367
Depreciation Expense	53	25	23	14	9.39	9.15	15	17	20	17	15
Other Operating Expenses / (Income)	323	290	235	143	110	541	112	109	117	130	121
Impairment Charge	36	61	1.16	-	0.00	0.00	0.61	0.00	2.99	14	4.45
Total Other Income / (Expense), net	0.45	-2.27	0.98	2.11	3.05	13	3.81	0.05	4.63	42	27
Interest Expense	0.49	0.84	0.58	0.45	0.68	0.17	0.17	0.92	0.40	0.40	0.61
Interest & Investment Income	0.85	0.79	1.26	1.90	3.54	6.39	3.85	0.93	6.87	20	29
Other Income / (Expense), net	0.09	-2.23	0.30	0.67	0.20	6.90	0.12	0.04	-1.83	22	-1.19
Income Tax Expense	3.74	-147	-17	67	19	22	22	39	38	44	54
Basic Earnings per Share	($2.65)	$0.76	($0.27)	($0.46)	$0.79	$0.99	$1.79	$1.57	$1.41	$2.22	$2.25
Weighted Average Basic Shares Outstanding	67.17M	67.86M	68.37M	68.95M	69.60M	70.09M	69.41M	70.02M	67.93M	66.47M	65.65M
Diluted Earnings per Share	($2.65)	$0.76	($0.27)	($0.46)	$0.77	$0.97	$1.74	$1.55	$1.39	$2.18	$2.19
Weighted Average Diluted Shares Outstanding	67.17M	68.33M	68.37M	68.95M	71.48M	70.09M	71.27M	70.88M	69.03M	67.83M	67.24M
Weighted Average Basic & Diluted Shares Outstanding	67.20M	68.30M	69.30M	69.30M	69.80M	70.09M	69.41M	70.02M	67.18M	65.65M	65.91M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	$0.22	$0.48

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Perdoceo Education's Financials

When does Perdoceo Education's financial year end?

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

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 4/15/2025 by MarketBeat.com Staff

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Perdoceo Education (PRDO) Financials

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