STRA
Strategic Education, Inc.
STRA's fundamentals are weak and it looks expensive: trading at 344x earnings, about 12 times its usual 29x. Its downside scenario is more than ten times its upside.
STRA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Strong |
STRA's cash flow and balance sheet are currently strong, and its revenue and profitability are stable.
STRA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.1x | $55.08 | — |
| Cheap | 17x | $2.72 | -95% |
| Fair | 28x | $4.53 | -92% |
| Expensive | 44x | $6.99 | -87% |
| Current | 344x | $55.08 | — |
Historical ranges are pointers, not guarantees.
STRA's PE is in its expensive range at 344x. On analysts' estimates for next year's earnings, today's price would be 9.1x, in its cheap range.
STRA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect STRA's earnings and profitability to decline, with its revenue holding steady.
STRA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.07 | +3694% |
| Q3 2026 | $0.16 | -97% |
| Q2 2026 | $5.99 | +25% |
| Q1 2026 | $5.65 | +21% |
| Q4 2025 | $5.41 | +16% |
| Q3 2025 | $4.81 | -8.6% |
| Q2 2025 | $4.81 | -1.4% |
| Q1 2025 | $4.68 | +11% |
| Q4 2024 | $4.67 | +60% |
STRA earned $0.16 per share over the past year, down 97% from the year before.
STRA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $325.1M | +1.6% |
| Q2 2026 | $337.3M | +4.9% |
| Q1 2026 | $305.9M | +0.8% |
| Q4 2025 | $323.2M | +3.8% |
| Q3 2025 | $319.9M | +4.6% |
| Q2 2025 | $321.5M | +2.9% |
| Q1 2025 | $303.6M | +4.6% |
| Q4 2024 | $311.5M | +2.9% |
STRA's revenue has grown year over year for 14 quarters in a row: $325M last quarter, up 1.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -27% | -39 points |
| Q2 2026 | 15% | +0.7 points |
| Q1 2026 | 13% | +0.3 points |
| Q4 2025 | 16% | +4.4 points |
| Q3 2025 | 12% | -0.3 points |
| Q2 2025 | 14% | +0.8 points |
| Q1 2025 | 13% | -1.1 points |
| Q4 2024 | 12% | -6.3 points |
STRA's operating margin was −27% last quarter, down 39 points from the same quarter a year ago, near the bottom of its range since 2019.
STRA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44.3M | -10% |
| Q2 2026 | $15M | -26% |
| Q1 2026 | $77.3M | +35% |
| Q4 2025 | $27M | +477% |
| Q3 2025 | $49.3M | +17% |
| Q2 2025 | $20.4M | +50% |
| Q1 2025 | $57.3M | -16% |
| Q4 2024 | $4.7M | -77% |
STRA generated $164M in free cash flow over the past year, up 24% from the year before.
STRA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.3% | -708K shares |
| 1 year | -9.4% | -2.2M shares |
| 3 years | -12% | -2.8M shares |
| 5 years | -13% | -3.1M shares |
| Available history | -4.8% | -1.1M shares |
STRA has 21M diluted shares, down 9.4% from a year ago, with $146M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $28.5M |
| Q2 2026 | $32.8M |
| Q1 2026 | $40M |
| Q4 2025 | $44.6M |
| Q3 2025 | $34.3M |
| Q2 2025 | $28M |
| Q1 2025 | $32M |
| Q4 2024 | $6.5M |
STRA spent $146M buying back its own shares over the past year, up 45% from the year before.
STRA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.2x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
STRA has more cash than debt.
STRA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.5 | Oversold |
| Stochastic | 5.8 | Oversold |
STRA's weekly RSI is 30 (oversold) and its Stochastic is 6 (oversold).
STRA PE vs Consumer Defensive Sector
| Metric | STRA | Sector median | Relative |
|---|---|---|---|
| PE | 344x | 19x | 1,666% above |
| PE % | 100 | 18 | 82 pts above |
STRA is trading at 344x earnings, a 1666% premium to the Consumer Defensive sector's median of 19x.
STRA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $72.8 | 24% below |
| 20 week MA | $78.0 | 29% below |
| 50 week MA | $79.3 | 31% below |
| 100 week MA | $82.2 | 33% below |
| 200 week MA | $87.1 | 37% below |
STRA is in a downtrend: it's below all five of its weekly moving averages, and 37% below its 200-week average.
STRA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $156.4 | $97.1 | -38% |
| 2021 | $97.1 | $58.6 | -40% |
| 2022 | $58.6 | $81.5 | +39% |
| 2023 | $81.5 | $92.4 | +13% |
| 2024 | $92.4 | $92.8 | +0.5% |
| 2025 | $92.8 | $81.2 | -13% |
| 2026 YTD | $81.2 | $55.1 | -32% |
STRA has finished lower in three of the last six years. It's down 32% so far in 2026.