Stride, Inc. (LRN) Key Metrics
LRN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.42B
- Enterprise value
- $2.85B
- P/E (TTM)
- 11.5 10-yr median 18.8
- Forward P/E
- 8.6
- PEG ratio
- 0.43
- Price / sales
- 1.4 10-yr median 1.0
- Price / book
- 2.0 10-yr median 1.8
- EV / EBITDA
- 4.9 10-yr median 7.3
- Dividend yield
- —
- Beta
- 0.14
LRN key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsLRN valuation Price multiples at each fiscal year-end price.
LRN returns How much profit the business earns on the capital it uses.
LRN per-share figures Results divided by the shares outstanding at year-end.
LRN financial health Debt, liquidity and how easily interest is covered.
LRN efficiency & capital use Working capital cycle and where the cash goes.
LRN valuation history
LRN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LRN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LRN cash returned to shareholders
LRN price vs earnings per share
LRN key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.08B | $7.03B | $3.07B | $1.59B | $1.73B | $1.35B | $1.11B | $1.25B | $665.2M | $707.9M |
| Enterprise value | $3.67B | $6.59B | $2.91B | $1.61B | $1.91B | $1.43B | $1.13B | $986.7M | $460.1M | $498.9M |
| P/E ratio | 12.1 | 24.4 | 15.0 | 12.5 | 16.2 | 18.8 | 45.2 | 33.5 | 24.1 | — |
| Price / sales | 1.6 | 2.9 | 1.5 | 0.9 | 1.0 | 0.9 | 1.1 | 1.2 | 0.7 | 0.8 |
| Price / book | 2.5 | 4.8 | 2.6 | 1.7 | 2.1 | 1.7 | 1.6 | 2.0 | 1.1 | 1.2 |
| Price / free cash flow | 11.5 | 18.9 | 14.1 | 11.6 | 12.4 | 16.4 | 31.3 | 13.4 | 10.7 | 17.5 |
| Price / operating cash flow | 9.4 | 16.2 | 11.0 | 7.8 | 8.4 | 10.0 | 13.8 | 8.8 | 6.3 | 8.0 |
| EV / sales | 1.5 | 2.7 | 1.4 | 0.9 | 1.1 | 0.9 | 1.1 | 1.0 | 0.5 | 0.6 |
| EV / EBITDA | 6.3 | 13.0 | 7.5 | 5.5 | 7.5 | 7.0 | 10.8 | 8.4 | 4.6 | 5.7 |
| EV / free cash flow | 10.3 | 17.7 | 13.4 | 11.8 | 13.7 | 17.4 | 31.9 | 10.6 | 7.4 | 12.3 |
| Earnings yield | 8.3% | 4.1% | 6.7% | 8.0% | 6.2% | 5.3% | 2.2% | 3.0% | 4.2% | 0.1% |
| Free cash flow yield | 8.7% | 5.3% | 7.1% | 8.6% | 8.0% | 6.1% | 3.2% | 7.5% | 9.4% | 5.7% |
| Dividend yield | — | — | — | 0.8% | 0.0% | 0.1% | 0.0% | 0.6% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 4.6% | 0.3% | 0.3% | 1.7% | 2.2% | 0.7% | 0.6% | 1.4% | 4.1% | 0.9% |
| Share price at fiscal year-end | $86.24 | $145.19 | $70.50 | $37.23 | $40.79 | $32.13 | $27.24 | $30.41 | $16.37 | $17.92 |
| Per share | ||||||||||
| Revenue per share | $53.20 | $49.68 | $46.86 | $43.00 | $39.74 | $36.70 | $25.59 | $24.81 | $22.58 | $22.49 |
| Earnings per share | $7.14 | $5.95 | $4.69 | $2.97 | $2.52 | $1.71 | $0.60 | $0.91 | $0.68 | $0.01 |
| Operating cash flow per share | $9.17 | $8.94 | $6.40 | $4.75 | $4.87 | $3.20 | $1.98 | $3.46 | $2.59 | $2.25 |
| Free cash flow per share | $7.50 | $7.70 | $4.99 | $3.20 | $3.28 | $1.96 | $0.87 | $2.28 | $1.53 | $1.03 |
| Cash per share | $20.24 | $20.35 | $15.90 | $12.23 | $9.17 | $9.22 | $5.22 | $6.91 | $5.69 | $5.84 |
| Book value per share | $34.49 | $30.56 | $27.01 | $22.17 | $19.15 | $19.22 | $16.61 | $15.47 | $14.45 | $14.54 |
| Tangible book value per share | $25.84 | $22.33 | $16.86 | $11.50 | $8.49 | $8.53 | $8.01 | $10.35 | $9.10 | $8.73 |
| Dividends per share | — | — | — | $0.32 | $0.01 | $0.02 | $0.00 | $0.17 | $0.00 | $0.00 |
| Capex per share | $1.67 | $1.24 | $1.41 | $1.56 | $1.59 | $1.25 | $1.11 | $1.18 | $0.22 | $0.06 |
| Debt per share | $11.53 | $11.36 | $12.13 | $12.73 | $13.33 | $11.14 | $5.78 | $0.60 | $0.64 | $0.55 |
| Shares outstanding | 47.3M | 48.4M | 43.5M | 42.7M | 42.4M | 41.9M | 40.7M | 40.9M | 40.6M | 39.5M |
| Change in shares outstanding | −2.2% | +11.2% | +1.9% | +0.7% | +1.4% | +3.0% | −0.7% | +0.8% | +2.9% | +1.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 21.7% | 21.7% | 19.2% | 14.4% | 13.2% | 9.7% | 3.7% | 6.1% | 4.8% | 0.1% |
| Return on invested capital (ROIC) | 30.5% | 26.5% | 19.2% | 12.5% | 12.2% | 10.4% | 4.5% | 9.4% | 6.8% | 1.8% |
| Return on assets (ROA) | 14.3% | 13.7% | 11.1% | 7.5% | 6.7% | 5.4% | 2.6% | 4.8% | 3.7% | 0.1% |
| Return on tangible assets | 16.7% | 15.2% | 13.8% | 9.7% | 9.0% | 6.3% | 3.4% | 6.1% | 5.3% | 0.1% |
| Free cash flow margin | 14.1% | 15.5% | 10.6% | 7.4% | 8.3% | 5.3% | 3.4% | 9.2% | 6.8% | 4.6% |
| Income quality (OCF / net income) | 1.28 | 1.50 | 1.37 | 1.60 | 1.93 | 1.88 | 3.28 | 3.81 | 3.82 | 196.74 |
| Financial health | ||||||||||
| Total debt | $546.0M | $549.8M | $528.2M | $543.8M | $565.7M | $466.3M | $235.2M | $24.6M | $26.0M | $21.9M |
| Cash & short-term investments | $958.0M | $985.3M | $692.3M | $522.7M | $389.4M | $386.1M | $212.3M | $283.1M | $231.1M | $230.9M |
| Net debt | −$412.0M | −$435.5M | −$164.1M | $21.1M | $176.3M | $80.2M | $22.9M | −$258.5M | −$205.1M | −$209.0M |
| Debt / equity | 0.33 | 0.37 | 0.45 | 0.57 | 0.70 | 0.58 | 0.35 | 0.04 | 0.04 | 0.04 |
| Debt / assets | 0.22 | 0.24 | 0.28 | 0.31 | 0.34 | 0.30 | 0.22 | 0.03 | 0.04 | 0.03 |
| Net debt / EBITDA | −0.71 | −0.86 | −0.42 | 0.07 | 0.69 | 0.39 | 0.22 | −2.21 | −2.03 | −2.39 |
| Current ratio | 5.94 | 5.39 | 5.10 | 3.45 | 3.15 | 2.80 | 1.83 | 3.40 | 3.91 | 4.02 |
| Quick ratio | 5.81 | 5.27 | 4.95 | 3.33 | 3.03 | 2.67 | 1.73 | 3.21 | 3.68 | 3.76 |
| Interest coverage | 38.3 | 34.3 | 28.3 | 19.7 | 18.9 | 6.1 | 55.0 | 20.3 | 26.5 | 7.3 |
| Working capital | $1.43B | $1.33B | $1.00B | $756.1M | $648.5M | $551.3M | $227.9M | $374.1M | $337.8M | $355.8M |
| Invested capital | $1.22B | $1.04B | $1.01B | $968.4M | $988.9M | $884.9M | $698.2M | $374.9M | $382.1M | $365.4M |
| Tangible asset value | $1.22B | $1.08B | $733.9M | $491.6M | $360.5M | $357.1M | $325.5M | $423.7M | $369.9M | $345.0M |
| Net current asset value | $912.9M | $818.4M | $501.0M | $251.8M | $119.6M | $84.9M | $103.3M | $343.4M | $299.2M | $312.6M |
| Graham number | $74.46 | $63.95 | $53.39 | $38.49 | $32.98 | $27.17 | $15.01 | $17.78 | $14.86 | $1.93 |
| Graham net-net per share | $14.21 | $12.59 | $7.37 | $1.77 | −$2.58 | −$2.14 | $0.14 | $6.24 | $5.45 | $5.81 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $13.5M | $414,000 | $748,000 | $64,000 | $6.9M | $0 | $0 |
| Share buybacks (net) | $188.7M | $21.5M | $8.2M | $13.5M | $37.9M | $9.2M | $6.8M | $10.0M | $27.5M | $6.2M |
| Dividend payout ratio | — | — | — | 10.7% | 0.4% | 1.0% | 0.3% | 18.6% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 53.1% | 5.8% | 3.8% | 19.8% | 27.5% | 12.2% | 19.3% | 18.1% | 44.2% | 15.3% |
| Capex / revenue | 3.1% | 2.5% | 3.0% | 3.6% | 4.0% | 3.4% | 4.3% | 4.8% | 1.0% | 0.2% |
| Capex / operating cash flow | 18.2% | 13.9% | 22.1% | 32.8% | 32.7% | 39.0% | 56.0% | 34.2% | 8.3% | 2.5% |
| Capex / depreciation | 0.62 | 0.52 | 0.56 | 0.60 | 0.69 | 0.58 | 0.62 | 0.68 | 0.12 | 0.03 |
| Stock-based compensation / revenue | 1.6% | 1.5% | 1.5% | 1.1% | 1.1% | 2.6% | 2.3% | 1.6% | 2.3% | 2.5% |
| R&D / revenue | — | 3.3% | 3.8% | 0.8% | 0.4% | 0.2% | 0.9% | 0.9% | 1.0% | 1.4% |
| SG&A / revenue | 19.8% | 20.2% | 18.4% | 20.9% | 26.1% | 25.9% | 26.8% | 26.4% | 31.6% | 34.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 88.7 | 78.3 | 83.8 | 87.6 | 85.2 | 71.9 | 75.0 | 66.1 | 73.3 | 74.3 |
| Days of inventory on hand | 8.8 | 9.3 | 10.5 | 11.1 | 12.7 | 12.4 | 15.3 | 15.4 | 17.4 | 20.0 |
| Days payables outstanding | 10.6 | 10.6 | 12.8 | 17.0 | 20.8 | 18.7 | 23.9 | 22.0 | 18.3 | 18.3 |
| Cash conversion cycle (days) | 87.0 | 77.0 | 81.4 | 81.8 | 77.1 | 65.6 | 66.4 | 59.5 | 72.4 | 76.0 |
| Receivables turnover | 4.11 | 4.66 | 4.36 | 4.17 | 4.28 | 5.08 | 4.87 | 5.52 | 4.98 | 4.91 |
| Payables turnover | 34.56 | 34.41 | 28.42 | 21.48 | 17.56 | 19.53 | 15.25 | 16.62 | 19.94 | 19.91 |
| Inventory turnover | 41.35 | 39.33 | 34.75 | 32.74 | 28.81 | 29.47 | 23.80 | 23.75 | 21.00 | 18.23 |
| Asset turnover | 1.06 | 1.14 | 1.11 | 1.08 | 1.05 | 1.16 | 1.10 | 1.30 | 1.24 | 1.21 |
| Average receivables | $612.2M | $516.2M | $468.2M | $441.1M | $393.9M | $302.7M | $213.9M | $184.0M | $184.3M | $180.9M |
| Average payables | $45.4M | $42.5M | $44.9M | $55.4M | $62.1M | $51.3M | $45.5M | $39.9M | $29.7M | $28.0M |
| Average inventory | $37.9M | $37.2M | $36.7M | $36.4M | $37.8M | $34.0M | $29.1M | $27.9M | $28.2M | $30.6M |
| Intangibles / total assets | 16.8% | 17.4% | 23.0% | 25.9% | 27.5% | 28.4% | 32.6% | 25.6% | 29.3% | 31.2% |
Computed from LRN's annual financial statements (latest annual report filed August 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LRN valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Stride traded at 12.1 times earnings, against a 10-year median of 18.8. Based on the latest twelve months, the trailing P/E is 11.5 and the forward P/E is 8.6. Stride earned a return on equity of 21.7% and a return on invested capital of 30.5% in fiscal 2026. It ended the year with $546.0 million of debt and $958.0 million in cash and short-term investments, a net cash position of $412.0 million. It returned $188.7 million to shareholders: $0 in dividends and $188.7 million in share buybacks, 53% of free cash flow. The share count rose 19.8% from 39.5M to 47.3M over 9 years.
See the LRN income statement, the LRN chart for price history, or the LRN stock overview for the latest quote and news.
LRN key metrics FAQ
What is Stride's P/E ratio?
Stride's trailing P/E ratio is 11.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.6. At the end of fiscal 2026 it was 12.1, compared with a 10-year median of 18.8.
What is Stride's EV/EBITDA?
Stride's enterprise value was 6.3 times EBITDA at the end of fiscal 2026 (enterprise value $3.7 billion, EBITDA $579.5 million); the current EV/EBITDA is 4.9.
What is Stride's return on equity?
Stride's return on equity (ROE) was 21.7% in fiscal 2026: net income of $338.2 million on average shareholders' equity of $1.6 billion.
What is Stride's ROIC?
Stride's return on invested capital was 30.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Stride have?
Stride had total debt of $546.0 million at the end of fiscal 2026, a debt-to-equity ratio of 0.33 and more cash than debt.
Does Stride buy back its shares?
Yes. Stride spent $188.7 million on net share repurchases in fiscal 2026 Shares outstanding changed −2.2% over the year, to 47.3M..
What is Stride's free cash flow yield?
Stride generated $355.0 million of free cash flow in fiscal 2026, a free cash flow yield of 8.7% on its market value at year-end ($4.1 billion).
What is Stride's current ratio?
Stride's current ratio was 5.94 at the end of fiscal 2026: current assets were 5.94 times current liabilities.