Strategic Education, Inc. — Earnings Quality Grade C
STRA · Consumer Defensive
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 23 days, change -0 days YoY
AR growth 2.7% vs revenue growth 4.0%
Revenue 4.0%, CFFO 17.0%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 9.0% vs revenue 4.0%. Normal
SG&A/Gross Profit = 68.4%. Normal
Gross margin 49.0%, change +2.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.57. Profits backed by cash
FCF $0.2B, FCF/NI = 1.22
Accruals ratio = -3.5%. Low accruals
Cash $0.1B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $1.5B = 91% of equity. Over 50%
Debt/EBITDA = 0.4x. Healthy
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 3% YoY. Normal
Manipulation Score
M-Score = -2.65 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25