Perdoceo Education (PRDO) FY2024 results: revenue $681 million, down 4.0% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $681 million for fiscal 2024, the year ended 31 December 2024, down 4.0% on the year before. Net income was $148 million, unchanged, and diluted earnings per share $2.19. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$681 million
-4.0% on the year
FY2017FY2024
Operating margin
25.6%
21.2% a year earlier
FY2017FY2024
Net income
$148 million
-0.0% on the year
FY2017FY2024
Diluted EPS
$2.19
+0.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
162
112
148
+44.2%
Capital expenditure
4.6
6.4
12.6
-27.9%
Free cash flow
157
106
136
+48.6%
Free cash flow margin
23.0%
14.9%
19.5%
Cash from investing
-108
-88.5
-327
Cash from financing
-41.1
-23.4
-27.7
Depreciation and amortisation
14.6
16.9
19.7
-13.3%
Share-based compensation
10.2
8.1
8.8
+26.1%
Buybacks
6.8
8.3
23.1
-18.5%
Dividends paid
n/a
14.4
n/a
Dividend per share
$0.48
$0.22
n/a
+118.2%
Diluted shares, weighted
67m
68m
69m
-0.9%
Shares outstanding at period end
66m
66m
67m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
960
841
726
+14.0%
Debt
n/a
0.0
0.0
Operating lease liabilities
50.2
21.3
27.3
+135.3%
Finance lease liabilities
11.6
n/a
n/a
Other liabilities
216
145
204
+49.2%
Total liabilities and equity
1,237
1,007
957
+22.8%
Fixed assets
95.5
21.4
26.0
+346.9%
Goodwill
258
241
244
+7.0%
Intangible assets
95.0
36.2
53.6
+162.3%
Investments
460
485
399
-5.2%
Cash and equivalents
109
118
109
-7.5%
Inventory
3.4
5.0
1.9
-32.3%
Other assets
216
100
124
+115.3%
Total assets
1,237
1,007
957
+22.8%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.