American Public Education (APEI) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 55.4%
EBITDA Margin: 10.2%
Op. Margin: 7.9%
Net Margin: 5.7%

Op. margin of 7.9% is up 3.6% YoY — cost efficiency is improving. Net margin at 5.7% and gross margin of 55.4% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit