Strategic Education, Inc. (STRA) Key Metrics
STRA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.81B
- Enterprise value
- $1.68B
- P/E (TTM)
- 13.6 10-yr median 25.3
- Forward P/E
- 9.3
- PEG ratio
- 0.62
- Price / sales
- 1.4 10-yr median 2.0
- Price / book
- 1.0 10-yr median 1.3
- EV / EBITDA
- 6.7 10-yr median 11.1
- Dividend yield
- 2.95% $2.40 a year
- Beta
- 0.47
STRA key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSTRA valuation Price multiples at each fiscal year-end price.
STRA returns How much profit the business earns on the capital it uses.
STRA per-share figures Results divided by the shares outstanding at year-end.
STRA financial health Debt, liquidity and how easily interest is covered.
STRA efficiency & capital use Working capital cycle and where the cash goes.
STRA valuation history
STRA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
STRA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
STRA cash returned to shareholders
STRA price vs earnings per share
STRA key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.83B | $2.26B | $2.21B | $1.88B | $1.40B | $2.18B | $3.51B | $1.72B | $1.00B | $874.4M |
| Enterprise value | $1.79B | $2.20B | $2.22B | $1.92B | $1.45B | $2.27B | $3.16B | $1.38B | $850.1M | $747.9M |
| P/E ratio | 14.5 | 20.0 | 31.7 | 40.3 | 25.3 | 25.3 | 43.3 | — | 48.7 | 25.1 |
| Price / sales | 1.4 | 1.8 | 2.0 | 1.8 | 1.2 | 2.1 | 3.5 | 2.7 | 2.2 | 2.0 |
| Price / book | 1.1 | 1.4 | 1.3 | 1.1 | 0.8 | 1.2 | 2.4 | 1.2 | 4.8 | 4.6 |
| Price / free cash flow | 11.9 | 17.5 | 27.6 | 22.7 | 10.6 | 22.7 | 21.5 | 89.2 | 26.3 | 27.9 |
| Price / operating cash flow | 9.2 | 13.3 | 18.9 | 14.9 | 7.7 | 15.2 | 17.4 | 36.8 | 17.9 | 19.6 |
| EV / sales | 1.4 | 1.8 | 2.0 | 1.8 | 1.3 | 2.2 | 3.2 | 2.2 | 1.9 | 1.7 |
| EV / EBITDA | 7.9 | 10.9 | 13.0 | 14.0 | 6.8 | 9.3 | 13.3 | 14.1 | 11.3 | 10.3 |
| EV / free cash flow | 11.6 | 17.1 | 27.7 | 23.1 | 11.1 | 23.6 | 19.3 | 71.2 | 22.3 | 23.9 |
| Earnings yield | 6.9% | 5.0% | 3.2% | 2.5% | 3.9% | 4.0% | 2.3% | −0.9% | 2.1% | 4.0% |
| Free cash flow yield | 8.4% | 5.7% | 3.6% | 4.4% | 9.4% | 4.4% | 4.7% | 1.1% | 3.8% | 3.6% |
| Dividend yield | 3.1% | 2.6% | 2.7% | 3.2% | 4.2% | 2.6% | 1.3% | 1.6% | 1.1% | 1.3% |
| Shareholder yield (dividends + buybacks) | 10.7% | 3.1% | 3.1% | 5.3% | 4.7% | 2.6% | 1.3% | 1.6% | 1.1% | 1.3% |
| Share price at fiscal year-end | $80.20 | $93.42 | $92.37 | $78.32 | $57.84 | $95.33 | $158.90 | $113.42 | $89.58 | $80.63 |
| Per share | ||||||||||
| Revenue per share | $55.58 | $50.54 | $47.29 | $44.40 | $46.92 | $44.95 | $45.13 | $41.75 | $40.62 | $40.67 |
| Earnings per share | $5.55 | $4.67 | $2.91 | $1.94 | $2.28 | $3.77 | $3.67 | −$1.03 | $1.84 | $3.21 |
| Operating cash flow per share | $8.69 | $7.01 | $4.89 | $5.25 | $7.48 | $6.25 | $9.15 | $3.09 | $5.01 | $4.10 |
| Free cash flow per share | $6.75 | $5.33 | $3.35 | $3.45 | $5.43 | $4.20 | $7.40 | $1.27 | $3.40 | $2.89 |
| Cash per share | $6.49 | $7.62 | $8.69 | $9.29 | $11.42 | $8.53 | $20.57 | $22.97 | $13.92 | $11.92 |
| Book value per share | $72.15 | $68.87 | $68.98 | $68.16 | $71.06 | $76.48 | $66.19 | $93.83 | $18.68 | $17.37 |
| Tangible book value per share | $6.78 | $8.72 | $6.22 | $5.17 | $6.29 | $4.52 | $20.71 | $23.99 | $16.18 | $13.54 |
| Dividends per share | $2.52 | $2.44 | $2.45 | $2.47 | $2.45 | $2.45 | $2.11 | $1.83 | $1.02 | $1.05 |
| Capex per share | $1.94 | $1.68 | $1.54 | $1.80 | $2.05 | $2.05 | $1.75 | $1.81 | $1.61 | $1.21 |
| Debt per share | $4.78 | $5.19 | $8.90 | $10.80 | $13.74 | $12.37 | $4.79 | $0.15 | $0.25 | $0.25 |
| Shares outstanding | 22.8M | 24.1M | 24.0M | 24.0M | 24.1M | 22.9M | 22.1M | 15.2M | 11.2M | 10.8M |
| Change in shares outstanding | −5.5% | +0.8% | −0.2% | −0.5% | +5.5% | +3.5% | +45.5% | +35.6% | +3.3% | +1.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.7% | 6.8% | 4.2% | 2.8% | 3.2% | 5.4% | 5.6% | −1.9% | 10.4% | 21.0% |
| Return on invested capital (ROIC) | 8.7% | 6.7% | 4.0% | 2.8% | 2.9% | 5.6% | 6.6% | −3.2% | 44.3% | 69.2% |
| Return on assets (ROA) | 6.2% | 5.4% | 3.3% | 2.1% | 2.4% | 4.2% | 4.7% | −1.6% | 6.6% | 12.7% |
| Return on tangible assets | 23.2% | 18.9% | 11.2% | 7.2% | 7.4% | 13.3% | 10.3% | −2.6% | 7.0% | 13.5% |
| Free cash flow margin | 12.1% | 10.6% | 7.1% | 7.8% | 11.6% | 9.4% | 16.4% | 3.0% | 8.4% | 7.1% |
| Income quality (OCF / net income) | 1.57 | 1.50 | 1.68 | 2.70 | 3.28 | 1.66 | 2.49 | — | 2.72 | 1.28 |
| Financial health | ||||||||||
| Total debt | $109.1M | $125.2M | $213.3M | $259.3M | $331.5M | $282.8M | $105.8M | $2.3M | $2.8M | $2.7M |
| Cash & short-term investments | $148.1M | $184.0M | $208.2M | $222.8M | $275.4M | $195.1M | $454.6M | $348.9M | $155.9M | $129.2M |
| Net debt | −$38.9M | −$58.8M | $5.1M | $36.5M | $56.0M | $87.7M | −$348.7M | −$346.6M | −$153.1M | −$126.6M |
| Debt / equity | 0.07 | 0.08 | 0.13 | 0.16 | 0.19 | 0.16 | 0.07 | 0.00 | 0.01 | 0.01 |
| Debt / assets | 0.05 | 0.06 | 0.10 | 0.12 | 0.14 | 0.12 | 0.06 | 0.00 | 0.01 | 0.01 |
| Net debt / EBITDA | −0.17 | −0.29 | 0.03 | 0.27 | 0.26 | 0.36 | −1.47 | −3.56 | −2.03 | −1.75 |
| Current ratio | 1.27 | 1.41 | 1.57 | 1.57 | 1.88 | 1.43 | 3.34 | 3.36 | 2.76 | 2.68 |
| Quick ratio | 1.27 | 1.41 | 1.57 | 1.57 | 1.88 | 1.43 | 3.34 | 3.36 | 2.76 | 2.68 |
| Interest coverage | — | 41.0 | 13.2 | 9.2 | 20.5 | 78.1 | 3.6 | — | 81.3 | 89.5 |
| Working capital | $59.9M | $88.5M | $119.5M | $119.1M | $172.0M | $86.1M | $367.3M | $295.2M | $121.3M | $100.7M |
| Invested capital | $1.61B | $1.60B | $1.66B | $1.67B | $1.77B | $1.84B | $1.11B | $1.08B | $56.1M | $61.8M |
| Tangible asset value | $154.8M | $210.5M | $149.0M | $124.0M | $151.7M | $103.4M | $457.6M | $364.3M | $181.2M | $146.9M |
| Net current asset value | −$114.3M | −$82.3M | −$143.6M | −$196.9M | −$224.1M | −$261.4M | $197.4M | $184.6M | $78.3M | $50.2M |
| Graham number | $94.91 | $85.05 | $67.24 | $54.61 | $60.42 | $80.58 | $73.95 | — | $27.81 | $35.41 |
| Graham net-net per share | −$8.13 | −$6.05 | −$8.66 | −$10.66 | −$11.52 | −$13.72 | $7.54 | $10.19 | $5.46 | $3.16 |
| Capital allocation | ||||||||||
| Dividends paid | $57.5M | $59.0M | $58.8M | $59.2M | $59.0M | $56.0M | $46.6M | $27.8M | $11.4M | $11.4M |
| Share buybacks (net) | $138.9M | $11.5M | $10.0M | $40.1M | $5.9M | $247,000 | — | $0 | $0 | $0 |
| Dividend payout ratio | 45.4% | 52.3% | 84.2% | 126.9% | 107.2% | 64.9% | 57.5% | — | 55.4% | 32.8% |
| Dividends + buybacks / free cash flow | 127.6% | 54.7% | 85.8% | 119.9% | 49.5% | 58.5% | 28.5% | 144.1% | 30.0% | 36.4% |
| Capex / revenue | 3.5% | 3.3% | 3.3% | 4.1% | 4.4% | 4.6% | 3.9% | 4.3% | 4.0% | 3.0% |
| Capex / operating cash flow | 22.3% | 24.0% | 31.5% | 34.2% | 27.4% | 32.8% | 19.1% | 58.8% | 32.1% | 29.6% |
| Capex / depreciation | 0.91 | 0.91 | 0.64 | 0.68 | 0.48 | 0.43 | 0.37 | 0.51 | 0.96 | 0.74 |
| Stock-based compensation / revenue | 1.8% | 2.1% | 1.7% | 2.0% | 1.6% | 1.4% | 1.2% | 2.4% | 2.6% | 2.4% |
| SG&A / revenue | 24.5% | 33.8% | 33.9% | 35.6% | 31.9% | 28.7% | 27.3% | 30.6% | 30.3% | 28.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 22.2 | 22.8 | 22.4 | 19.6 | 16.6 | 18.3 | 19.6 | 22.7 | 17.5 | 16.2 |
| Days of inventory on hand | — | — | — | 0.0 | 0.0 | — | — | 0.0 | — | — |
| Days payables outstanding | 31.5 | 29.5 | 27.8 | 27.9 | 32.8 | 38.2 | 45.9 | 70.9 | 65.0 | 63.1 |
| Cash conversion cycle (days) | -9.3 | -6.7 | -5.4 | -8.2 | -16.2 | -19.9 | -26.3 | -48.2 | -47.5 | -47.0 |
| Receivables turnover | 16.44 | 16.03 | 16.29 | 18.60 | 21.93 | 19.93 | 18.60 | 16.09 | 20.84 | 22.59 |
| Payables turnover | 11.58 | 12.39 | 13.12 | 13.10 | 11.12 | 9.55 | 7.95 | 5.15 | 5.62 | 5.78 |
| Inventory turnover | — | — | — | 597,321,000.00 | 608,261,000.00 | — | — | 680,152,000.00 | — | — |
| Asset turnover | 0.62 | 0.58 | 0.53 | 0.48 | 0.49 | 0.50 | 0.58 | 0.64 | 1.47 | 1.61 |
| Average receivables | $77.2M | $76.1M | $69.5M | $57.3M | $51.6M | $51.6M | $53.6M | $39.4M | $21.8M | $19.5M |
| Average payables | $55.9M | $52.5M | $47.5M | $45.6M | $54.7M | $55.8M | $66.7M | $66.1M | $43.7M | $41.7M |
| Average inventory | — | — | — | $1 | $1 | — | — | $0 | $0 | $0 |
| Intangibles / total assets | 73.2% | 70.8% | 70.7% | 69.9% | 67.8% | 71.7% | 56.2% | 63.9% | 8.7% | 13.9% |
Computed from STRA's annual financial statements (latest annual report filed February 27, 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.
STRA valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Strategic Education traded at 14.5 times earnings, against a 10-year median of 25.3. Based on the latest twelve months, the trailing P/E is 13.6 and the forward P/E is 9.3. Strategic Education earned a return on equity of 7.7% and a return on invested capital of 8.7% in fiscal 2025. It ended the year with $109.1 million of debt and $148.1 million in cash and short-term investments, a net cash position of $38.9 million. It returned $196.4 million to shareholders: $57.5 million in dividends and $138.9 million in share buybacks, 128% of free cash flow. The share count rose 110.4% from 10.8M to 22.8M over 9 years.
See the STRA income statement, the STRA chart for price history, or the STRA stock overview for the latest quote and news.
STRA key metrics FAQ
What is Strategic Education's P/E ratio?
Strategic Education's trailing P/E ratio is 13.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.3. At the end of fiscal 2025 it was 14.5, compared with a 10-year median of 25.3.
What is Strategic Education's EV/EBITDA?
Strategic Education's enterprise value was 7.9 times EBITDA at the end of fiscal 2025 (enterprise value $1.8 billion, EBITDA $225.8 million); the current EV/EBITDA is 6.7.
What is Strategic Education's return on equity?
Strategic Education's return on equity (ROE) was 7.7% in fiscal 2025: net income of $126.6 million on average shareholders' equity of $1.7 billion.
What is Strategic Education's ROIC?
Strategic Education's return on invested capital was 8.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Strategic Education have?
Strategic Education had total debt of $109.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.07 and more cash than debt.
What is Strategic Education's dividend yield?
Strategic Education's forward dividend yield is 2.95%. Strategic Education paid $57.5 million in dividends in fiscal 2025 ($2.52 per share), a payout ratio of 45.4%.
Does Strategic Education buy back its shares?
Yes. Strategic Education spent $138.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −5.5% over the year, to 22.8M..
What is Strategic Education's free cash flow yield?
Strategic Education generated $153.9 million of free cash flow in fiscal 2025, a free cash flow yield of 8.4% on its market value at year-end ($1.8 billion).
What is Strategic Education's current ratio?
Strategic Education's current ratio was 1.27 at the end of fiscal 2025: current assets were 1.27 times current liabilities.