Strategic Education Inc
STRA—
Build a strategy around STRA
Strategic Education Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 1.2B is 75% of equity (1.7B) - tangible book value only 170M vs 1.9B market cap creates impairment risk[Goodwill]
- EPS 3Y CAGR of 79% vs industry median 2.4% - 33x outperformance signals margin expansion or buybacks driving returns[EPS Growth 3Y]
- FCF of 132M TTM (10.5% yield on 1.9B market cap) with only 7% debt/equity enables 2.40 dividend (44% of EPS)[Free Cash Flow TTM]
Watch Triggers
- Goodwill: Any impairment charge or goodwill/equity ratio exceeding 80% — Impairment would eliminate thin tangible equity cushion and signal enrollment/pricing pressure
- Operating Margin TTM: Decline below 12% for two consecutive quarters — Would invalidate margin expansion thesis driving EPS growth outperformance
- Free Cash Flow TTM: FCF conversion below 60% of net income — Current 115% conversion (132M FCF/114M NI) is key to capital return thesis
Bull Case
Operating margin 14.5% TTM vs industry median 10.3% with 79% EPS CAGR shows operating leverage working - each revenue dollar drops more to bottom line
Operating Margin TTMEPS Growth 3Y
10.5% FCF yield with 7% debt/equity and 44% payout ratio leaves room for dividend growth or buybacks without leverage
Free Cash Flow TTMDebt to EquityDividend Payout Ratio
Bear Case
Goodwill 1.2B (75% of equity) from acquisitions - any enrollment decline could trigger impairment wiping tangible equity
GoodwillCommon Stockholders EquityTangible Book Value
ROE 6.8% and ROIC 6.3% TTM both below industry medians (16.7%, 10.8%) - capital efficiency lagging despite margin gains
ROE TTMROIC TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
45%
Leverage STRA's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Capital return acceleration likely as FCF exceeds dividend needs by 3x with minimal debt
1-3ymed
- 132M FCF vs 56M dividend obligation
- Debt/equity at 7% vs industry norms
- No major capex needs (3.4% of revenue)
FCF TTM 132M, dividends 56M impliedCapex TTM -43M (3.4% of revenue)Total debt 118M vs equity 1.7B
Valuation Context
Caveats
Public Strategies Rankings
See how Strategic Education Inc ranks across different investment strategies.
Leverage STRA's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
STRA Fundamentals
Educational Services → Educational Services
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$1.91B | — | ||
$1.88B | — | ||
15 | — | ||
$1.27B | +4.0% | — | |
$5.41 | +28.8% | — | |
15.5% | +2.6% | — | |
9.98% | +0.7% | — | |
$153.95M | +19.6% | — | |
7.65% | +0.9% | — | |
Beta 5Y (Monthly) | unknown | — |
STRA Dividend History
90 dividends
2026
$0.600003/09/26$0.6000
2025
$2.400012/01/25$0.6000
09/05/25$0.6000
05/23/25$0.6000
03/10/25$0.6000
2024
$2.400012/02/24$0.6000
09/06/24$0.6000
05/23/24$0.6000
03/08/24$0.6000
2023
$2.400011/24/23$0.6000
08/31/23$0.6000
05/25/23$0.6000
03/03/23$0.6000
2022
$2.400011/25/22$0.6000
09/01/22$0.6000
05/26/22$0.6000
03/04/22$0.6000
2021
$2.400011/26/21$0.6000
09/02/21$0.6000
05/27/21$0.6000
03/05/21$0.6000
2020
$2.400011/27/20$0.6000
09/03/20$0.6000
05/29/20$0.6000
03/06/20$0.6000
2019
$2.100011/22/19$0.6000
08/30/19$0.5000
05/24/19$0.5000
03/01/19$0.5000
2018
$1.500011/30/18$0.5000
08/30/18$0.5000
06/01/18$0.2500
03/09/18$0.2500
2017
$1.000012/01/17$0.2500
08/31/17$0.2500
06/01/17$0.2500
03/02/17$0.2500
2012
$4.000011/21/12$1.0000
08/23/12$1.0000
05/24/12$1.0000
02/27/12$1.0000
2011
$4.000011/23/11$1.0000
08/25/11$1.0000
05/25/11$1.0000
03/01/11$1.0000
2010
$3.250011/23/10$1.0000
08/25/10$0.7500
05/25/10$0.7500
02/23/10$0.7500
2009
$2.250011/20/09$0.7500
08/25/09$0.5000
05/22/09$0.5000
02/24/09$0.5000
2008
$1.625011/24/08$0.5000
08/25/08$0.3750
05/22/08$0.3750
02/26/08$0.3750
2007
$3.312512/28/07$2.0000
11/21/07$0.3750
08/23/07$0.3125
05/23/07$0.3125
02/26/07$0.3125
2006
$1.062511/21/06$0.3125
08/23/06$0.2500
05/24/06$0.2500
02/24/06$0.2500
2005
$0.625011/23/05$0.2500
08/25/05$0.1250
05/25/05$0.1250
02/24/05$0.1250
2004
$0.405011/23/04$0.2100
07/01/04$0.0650
04/02/04$0.0650
01/06/04$0.0650
2003
$0.260010/03/03$0.0650
07/07/03$0.0650
04/04/03$0.0650
01/06/03$0.0650
2002
$0.260010/04/02$0.0650
07/05/02$0.0650
04/05/02$0.0650
01/04/02$0.0650
2001
$0.260010/03/01$0.0650
07/05/01$0.0650
04/05/01$0.0650
01/04/01$0.0650
2000
$0.245010/12/00$0.0650
07/07/00$0.0600
04/06/00$0.0600
01/06/00$0.0600
STRA Stock Splits
No stock splits
STRA SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/27/26 | 12/31/25 | Unknown | |
11/06/25 | 09/30/25 | 10-Q | |
07/30/25 | 06/30/25 | 10-Q | |
04/24/25 | 03/31/25 | 10-Q | |
02/27/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
07/31/24 | 06/30/24 | 10-Q | |
04/25/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
07/27/23 | 06/30/23 | 10-Q | |
04/28/23 | 03/31/23 | 10-Q | |
02/27/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
07/27/22 | 06/30/22 | 10-Q | |
05/10/22 | 03/31/22 | 10-Q | |
02/28/22 | 12/31/21 | 10-K | |
11/05/21 | 09/30/21 | 10-Q | |
07/29/21 | 06/30/21 | 10-Q | |
04/30/21 | 03/31/21 | 10-Q | |
03/01/21 | 12/31/20 | 10-K | |
11/05/20 | 09/30/20 | 10-Q | |
07/31/20 | 06/30/20 | 10-Q | |
04/29/20 | 03/31/20 | 10-Q | |
03/02/20 | 12/31/19 | 10-K | |
11/07/19 | 09/30/19 | 10-Q | |
07/31/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
03/01/19 | 12/31/18 | 10-K | |
11/08/18 | 09/30/18 | 10-Q | |
08/01/18 | 06/30/18 | 10-Q | |
05/03/18 | 03/31/18 | 10-Q | |
03/01/18 | 12/31/17 | 10-K | |
10/30/17 | 09/30/17 | 10-Q | |
07/27/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
02/17/17 | 12/31/16 | 10-K | |
10/27/16 | 09/30/16 | 10-Q | |
07/28/16 | 06/30/16 | 10-Q | |
05/06/16 | 03/31/16 | 10-Q | |
02/19/16 | 12/31/15 | 10-K | |
10/30/15 | 09/30/15 | 10-Q | |
07/30/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
02/20/15 | 12/31/14 | 10-K | |
11/03/14 | 09/30/14 | 10-Q | |
08/01/14 | 06/30/14 | 10-Q | |
05/09/14 | 03/31/14 | 10-Q | |
02/26/14 | 12/31/13 | 10-K | |
11/01/13 | 09/30/13 | 10-Q | |
07/26/13 | 06/30/13 | 10-Q | |
05/03/13 | 03/31/13 | 10-Q | |
02/19/13 | 12/31/12 | 10-K | |
11/09/12 | 09/30/12 | 10-Q | |
07/31/12 | 06/30/12 | 10-Q | |
04/30/12 | 03/31/12 | 10-Q | |
02/21/12 | 12/31/11 | 10-K | |
11/07/11 | 09/30/11 | 10-Q | |
08/01/11 | 06/30/11 | 10-Q | |
05/02/11 | 03/31/11 | 10-Q | |
02/22/11 | 12/31/10 | 10-K | |
10/29/10 | 09/30/10 | 10-Q | |
07/30/10 | 06/30/10 | 10-Q | |
04/30/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
10/30/09 | 09/30/09 | 10-Q | |
07/31/09 | 06/30/09 | 10-Q | |
05/01/09 | 03/30/09 | 10-Q | |
02/17/09 | 12/31/08 | 10-K | |
10/31/08 | 09/30/08 | 10-Q | |
07/28/08 | 06/30/08 | 10-Q | |
05/01/08 | 03/30/08 | Unknown | -- |
02/14/08 | 12/31/07 | 10-K | |
11/02/07 | 09/30/07 | 10-Q | |
07/27/07 | 06/30/07 | 10-Q | |
05/04/07 | 03/30/07 | Unknown | -- |
02/27/07 | 12/31/06 | 10-K | |
10/31/06 | 09/30/06 | 10-Q | |
07/28/06 | 06/30/06 | 10-Q | |
05/08/06 | 03/30/06 | Unknown | -- |
03/15/06 | 12/31/05 | 10-K | |
10/28/05 | 09/30/05 | 10-Q | |
07/28/05 | 06/30/05 | 10-Q | |
05/06/05 | 03/30/05 | Unknown | -- |
03/02/05 | 12/31/04 | 10-K | |
10/29/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/07/04 | 03/30/04 | Unknown | -- |
02/26/04 | 12/31/03 | 10-K | |
11/03/03 | 09/30/03 | 10-Q | |
08/04/03 | 06/30/03 | 10-Q | |
05/12/03 | 03/30/03 | Unknown | -- |
03/31/03 | 12/31/02 | 10-K | |
11/01/02 | 09/30/02 | 10-Q | |
08/05/02 | 06/30/02 | 10-Q | |
05/08/02 | 03/30/02 | Unknown | -- |
03/28/02 | 12/31/01 | 10-K | |
11/07/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/15/01 | 03/30/01 | Unknown | -- |
03/16/01 | 12/31/00 | 10-K | |
10/31/00 | 09/30/00 | 10-Q | |
08/10/00 | 06/30/00 | 10-Q | |
05/09/00 | 03/30/00 | Unknown | -- |