Rankings Pricing

US-listed companies
Grand Canyon Education, Inc.

Grand Canyon Education, Inc.LOPE

Market cap

$4.2B

P/E ratio

20.7x

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Income statement Balance sheet Cash flow

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Service revenue	427	511	598	691	778	873	974	846	779	844	897	911	961
Technology and academic services	-	-	-	-	-	-	-	44	91	116	132	150	155
Counseling services and support	-	-	-	-	-	-	-	205	224	235	249	273	302
Marketing Expense	-	-	-	7	7	9	10	117	143	164	183	196	203
General and administrative	29	36	37	40	42	43	44	30	44	43	42	45	43
Amortization of intangible assets	-	-	-	-	-	-	-	-	8	8	8	8	8
Total costs and expenses	345	397	455	510	568	636	691	587	514	567	614	674	712
Operating income	82	114	143	181	210	237	283	258	265	277	282	238	249
Interest income on Secured Note	-	-	-	-	-	-	-	27	59	59	52	-	-
Interest expense	1	1	2	2	1	1	2	2	11	4	4	0	0
Investment interest and other	-	-	4	1	-	-	-	3	4	1	1	3	10
Income before income taxes	82	113	145	180	209	236	284	287	318	333	331	240	260
Income tax expense	31	44	56	68	78	88	80	58	58	76	71	55	55
Net income	51	69	89	111	131	149	203	229	259	257	260	185	205
Basic income per share	1.13	1.57	1.98	2.45	2.86	3.22	4.31	4.81	5.42	5.49	5.94	5.75	6.83
Diluted income per share	1.12	1.53	1.92	2.37	2.78	3.15	4.22	4.73	5.37	5.45	5.92	5.73	6.8