Return on Tangible Equity (Quarterly)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

American Public Education, Inc. (APEI) had Return on Tangible Equity of 2.90% for the most recently reported fiscal quarter, ending 2025-09-30.

Quarterly Annual

Figures for fiscal quarter ending 2025-09-30

Income Statement Financials
Revenue	$163.22M
Net Income	$5.56M
Cost of Goods Sold	$74.70M
Gross Profit	$88.52M
Operating Expenses	$153.52M
Operating Income	$9.70M
Non-Operating Income/Expense	$-1.07M
Pre-Tax Income	$8.63M
Normalized Pre-Tax Income	$8.63M
Income after Taxes	$5.56M
Income from Continuous Operations	$5.56M
Consolidated Net Income/Loss	$5.56M
Normalized Income after Taxes	$5.56M
EBIT	$9.70M
EBITDA	$13.97M
Weighted-Average Shares Outstanding (Basic)	18.07M
Weighted-Average Shares Outstanding (Diluted)	18.75M
Earnings per Share (EPS) (Basic)	$0.31
Earnings per Share (EPS) (Diluted)	$0.30
Balance Sheet Financials
Current Assets	$259.11M
Property, Plant, and Equipment	$70.74M
Long-Term Assets	$266.19M
Total Assets	$525.30M
Current Liabilities	$91.39M
Long-Term Debt	$94.37M
Long-Term Liabilities	$154.57M
Total Liabilities	$245.96M
Common Equity	$279.34M
Tangible Shareholders Equity	$191.52M
Shareholders Equity	$279.34M
Common Shares Outstanding	18.08M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$73.52M
Cash Flow from Investing Activities	$10.45M
Cash Flow from Financial Activities	$-49.77M
Beginning Cash	$158.94M
End Cash	$193.14M
Increase/Decrease in Cash	$34.20M
Stock-Based Compensation	$6.13M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	$-2.75M
Fundamental Metrics & Ratios
Current Ratio	2.84
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.25
Debt to Equity Ratio	0.34
Gross Margin	54.23%
Operating Margin	5.94%
EBIT Margin	5.94%
EBITDA Margin	--
Pre-Tax Profit Margin	5.29%
Profit Margin	3.41%
Free Cash Flow	$84.68M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.31
Inventory Turnover	--
Receiveable Turnover	3.17
Days Sales in Receivables	28.42
Return on Equity	1.99%
Return on Tangible Equity	2.90%
Return on Assets	1.06%
Return on Investments	1.49%
Book Value Per Share	$15.45
Free Cash Flow per Share	$4.51
Operating Cash Flow per Share	$3.92

Data from Zacks Investment Research, Inc.