Recent News
On August 20, 2025 Investor’s Business Daily flagged Perdoceo after a rise in its Relative Strength rating and noted a developing cup-without-handle pattern with a potential breakout reference point. The coverage emphasized technical attention from traders rather than fresh operational disclosures.
Technical Analysis
ADX at 30.55 indicates a strong trend environment; with directional indicators favoring the negative side, trend strength currently amplifies directional bias rather than neutral drift.
DI+ at 19.20 registered a peak-and-reversal, which signals bearish directional pressure as DI+ declines; DI- at 24.94 experienced a dip-and-reversal, which signals additional bearish pressure as DI- increases. Together these directional moves point to negative directional dominance at present.
MACD sits negative at -0.27 while the MACD signal line reads 0.23; the MACD moved below its signal and peaked before reversing, which reflects contracting bullish momentum and a bearish momentum profile.
MRO reads positive at 12.81 with a decreasing trend; a positive MRO implies the market price sits above the model target and suggests downward pressure on price, while the falling MRO reduces that pressure gradually.
RSI at 51.93 shows a recent peak-and-reversal, which indicates the indicator moved from a short-term relative-strength high back toward neutral and supports a near-term bearish tilt despite a neutral absolute level.
Price relationships underscore the momentum call: the last close at $30.89 trades well below short-term averages and EMAs (20-day $35.26; 50-day $34.91; 12-day EMA $34.57, the latter having peaked and reversed). The 200-day average sits at $30.17, so the stock trades only modestly above its long-term mean while short-term trend indicators suggest resistance around the super-trend upper band near $33.89 and the lower Bollinger bands sit near $31.08; the current price sits below those lower bands, highlighting stretched short-term weakness that may invite mean-reversion attempts against the prevailing bearish momentum.
Fundamental Analysis
Revenue growth year-over-year reached +77.37%, while quarter-over-quarter revenue changed by -107.75%. Earnings per share came in at $0.67 versus an estimate of $0.65, producing an EPS surprise of +3.08%.
Operating metrics show margin strength: EBIT margin at 27.60% sits above the industry peer mean of 9.49% and below the industry peer high of 32.42%, reflecting durable operating profitability relative to peers. EBIT margin improved modestly quarter-over-quarter by +1.04 percentage point while contracting year-over-year by -13.37 percentage points.
Cash flows and balance-sheet liquidity present a conservative financial profile. Cash and short-term investments total $637,987,000 and the cash ratio reads 3.78x while the current ratio stands at 4.27x, supporting short-term obligations and capital-allocation optionality. Free cash flow of $76,026,000 produces a free cash flow yield of 3.75%, which sits above the industry peer mean of 0.67% and supports the valuation case.
Leverage remains limited: total debt of $124,538,000 yields a debt-to-EBITDA of 1.83 and debt-to-assets of 9.62%, while interest coverage sits at 35.91x, indicating low financing strain and a capacity to sustain dividends and repurchases from operating cash.
Profitability and returns show modest headroom: return on equity at 4.17% and return on assets at 3.20% declined compared to prior periods, with return on equity quarter-over-quarter down -7.46% and return on assets down -8.17% quarter-over-quarter, signaling compressed efficiency even as absolute margins remain healthy.
Valuation metrics produce mixed signals. Trailing P/E at 44.58 and forward P/E at 51.60 reflect elevated earnings multiples, while enterprise-value-to-revenue and free-cash-flow metrics produce a lower capital-market implied multiple (EVR 7.22; enterprise multiple 22.24). The current valuation as determined by WMDST registers as under-valued, a view underwritten by a strong cash position, robust free-cash-flow yield, and low leverage despite high earnings multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-31 |
| NEXT REPORT DATE: | 2025-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 153.6 M |
| Operating Cash Flow | $ 78.8 M | |
| Capital Expenditures | $ -2.75 M | |
| Change In Working Capital | $ 19.6 M | |
| Dividends Paid | $ -8.52 M | |
| Cash Flow Delta | $ 40.0 M | |
| End Period Cash Flow | $ 193.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 209.6 M | |
| Forward Revenue | $ 48.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 50.2 M | |
| Depreciation | $ 10.1 M | |
| Depreciation and Amortization | $ 10.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 152.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 159.3 M | |
| EBITDA | $ 68.0 M | |
| EBIT | $ 57.8 M | |
| Operating Income | $ 56.9 M | |
| Interest Income | $ 6.5 M | |
| Interest Expense | $ 1.6 M | |
| Net Interest Income | $ 4.8 M | |
| Income Before Tax | $ 56.2 M | |
| Tax Provision | $ 15.2 M | |
| Tax Rate | 27.0 % | |
| Net Income | $ 41.0 M | |
| Net Income From Continuing Operations | $ 41.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.65 | |
| EPS Actual | $ 0.67 | |
| EPS Difference | $ 0.02 | |
| EPS Surprise | 3.077 % | |
| Forward EPS | $ 0.58 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.3 B | |
| Intangible Assets | $ 344.6 M | |
| Net Tangible Assets | $ 640.1 M | |
| Total Current Assets | $ 721.2 M | |
| Cash and Short-Term Investments | $ 638.0 M | |
| Cash | $ 172.1 M | |
| Net Receivables | $ 33.2 M | |
| Inventory | $ 2.6 M | |
| Long-Term Investments | $ 7.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 16.6 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 168.8 M | |
| Net Debt | — | |
| Total Debt | $ 124.5 M | |
| Total Liabilities | $ 309.8 M | |
| EQUITY | ||
| Total Equity | $ 984.6 M | |
| Retained Earnings | $ 662.9 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 15.02 | |
| Shares Outstanding | 64.953 M | |
| Revenue Per-Share | $ 3.20 | |
| VALUATION | Market Capitalization | $ 2.0 B |
| Enterprise Value | $ 1.5 B | |
| Enterprise Multiple | 22.241 | |
| Enterprise Multiple QoQ | 28.084 % | |
| Enterprise Multiple YoY | 66.637 % | |
| Enterprise Multiple IPRWA | high: 425.847 median: 57.908 mean: 53.396 PRDO: 22.241 low: -19.795 |
|
| EV/R | 7.216 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.315 | |
| Asset To Liability | 4.179 | |
| Debt To Capital | 0.112 | |
| Debt To Assets | 0.096 | |
| Debt To Assets QoQ | -4.383 % | |
| Debt To Assets YoY | 861.139 % | |
| Debt To Assets IPRWA | high: 0.567 mean: 0.131 PRDO: 0.096 median: 0.076 low: 0.009 |
|
| Debt To Equity | 0.126 | |
| Debt To Equity QoQ | -3.854 % | |
| Debt To Equity YoY | 954.0 % | |
| Debt To Equity IPRWA | high: 1.595 mean: 0.268 median: 0.139 PRDO: 0.126 low: -0.105 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.057 | |
| Price To Book QoQ | 18.938 % | |
| Price To Book YoY | 30.942 % | |
| Price To Book IPRWA | high: 6.818 mean: 3.898 median: 3.668 PRDO: 2.057 low: 0.071 |
|
| Price To Earnings (P/E) | 44.576 | |
| Price To Earnings QoQ | 21.836 % | |
| Price To Earnings YoY | 24.276 % | |
| Price To Earnings IPRWA | high: 178.212 mean: 76.435 median: 70.955 PRDO: 44.576 low: -169.263 |
|
| PE/G Ratio | -10.4 | |
| Price To Sales (P/S) | 9.666 | |
| Price To Sales QoQ | 22.671 % | |
| Price To Sales YoY | 14.032 % | |
| Price To Sales IPRWA | high: 21.432 mean: 9.988 median: 9.687 PRDO: 9.666 low: 0.105 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 51.6 | |
| Forward PE/G | -12.039 | |
| Forward P/S | 41.376 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.361 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.164 | |
| Asset Turnover Ratio QoQ | -3.805 % | |
| Asset Turnover Ratio YoY | 4.471 % | |
| Asset Turnover Ratio IPRWA | high: 0.414 mean: 0.184 PRDO: 0.164 median: 0.154 low: 0.05 |
|
| Receivables Turnover | 5.313 | |
| Receivables Turnover Ratio QoQ | -14.603 % | |
| Receivables Turnover Ratio YoY | 22.343 % | |
| Receivables Turnover Ratio IPRWA | high: 7.123 PRDO: 5.313 mean: 2.848 median: 2.713 low: 0.579 |
|
| Inventory Turnover | 17.071 | |
| Inventory Turnover Ratio QoQ | 16.741 % | |
| Inventory Turnover Ratio YoY | 170.439 % | |
| Inventory Turnover Ratio IPRWA | PRDO: 17.071 high: 13.837 mean: 7.348 median: 6.841 low: 0.832 |
|
| Days Sales Outstanding (DSO) | 17.176 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -5.506 | |
| Cash Conversion Cycle Days QoQ | -48.351 % | |
| Cash Conversion Cycle Days YoY | 37.151 % | |
| Cash Conversion Cycle Days IPRWA | high: 157.689 mean: 9.769 median: 2.528 PRDO: -5.506 low: -22.108 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.379 | |
| CapEx To Revenue | -0.013 | |
| CapEx To Depreciation | -0.271 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 984.6 M | |
| Net Invested Capital | $ 984.6 M | |
| Invested Capital | $ 984.6 M | |
| Net Tangible Assets | $ 640.1 M | |
| Net Working Capital | $ 552.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 3.78 | |
| Current Ratio | 4.273 | |
| Current Ratio QoQ | -4.11 % | |
| Current Ratio YoY | -21.337 % | |
| Current Ratio IPRWA | high: 5.391 PRDO: 4.273 mean: 1.852 median: 1.36 low: 0.708 |
|
| Quick Ratio | 4.257 | |
| Quick Ratio QoQ | -4.006 % | |
| Quick Ratio YoY | -21.143 % | |
| Quick Ratio IPRWA | high: 5.267 PRDO: 4.257 mean: 1.822 median: 1.552 low: 0.523 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 1.832 | |
| Cost Of Debt | 0.932 % | |
| Interest Coverage Ratio | 35.909 | |
| Interest Coverage Ratio QoQ | 3.801 % | |
| Interest Coverage Ratio YoY | -92.43 % | |
| Interest Coverage Ratio IPRWA | high: 62.65 PRDO: 35.909 mean: 21.489 median: 8.375 low: -31.824 |
|
| Operating Cash Flow Ratio | 0.4 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 28.214 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.818 | |
| Dividend Payout Ratio | 0.208 | |
| Dividend Rate | $ 0.13 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.037 % | |
| Revenue Growth | -1.607 % | |
| Revenue Growth QoQ | -107.752 % | |
| Revenue Growth YoY | 77.373 % | |
| Revenue Growth IPRWA | high: 17.27 % median: 5.08 % mean: 3.456 % PRDO: -1.607 % low: -14.452 % |
|
| Earnings Growth | -4.286 % | |
| Earnings Growth QoQ | -110.715 % | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | high: 191.304 % PRDO: -4.286 % median: -12.857 % mean: -17.773 % low: -300.0 % |
|
| MARGINS | ||
| Gross Margin | 76.028 % | |
| Gross Margin QoQ | -1.532 % | |
| Gross Margin YoY | -8.946 % | |
| Gross Margin IPRWA | high: 87.08 % PRDO: 76.028 % median: 54.159 % mean: 52.517 % low: 27.029 % |
|
| EBIT Margin | 27.602 % | |
| EBIT Margin QoQ | 1.043 % | |
| EBIT Margin YoY | -13.37 % | |
| EBIT Margin IPRWA | high: 32.421 % PRDO: 27.602 % mean: 9.485 % median: 7.707 % low: -32.724 % |
|
| Return On Sales (ROS) | 27.128 % | |
| Return On Sales QoQ | -0.692 % | |
| Return On Sales YoY | -14.858 % | |
| Return On Sales IPRWA | high: 36.885 % PRDO: 27.128 % mean: 7.212 % median: 3.778 % low: -34.682 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 76.0 M | |
| Free Cash Flow Yield | 3.753 % | |
| Free Cash Flow Yield QoQ | -0.635 % | |
| Free Cash Flow Yield YoY | 40.72 % | |
| Free Cash Flow Yield IPRWA | high: 4.407 % PRDO: 3.753 % mean: 0.67 % median: 0.18 % low: -8.891 % |
|
| Free Cash Growth | 19.934 % | |
| Free Cash Growth QoQ | -93.286 % | |
| Free Cash Growth YoY | -168.132 % | |
| Free Cash Growth IPRWA | high: 660.215 % mean: 149.819 % PRDO: 19.934 % median: 14.336 % low: -216.813 % |
|
| Free Cash To Net Income | 1.853 | |
| Cash Flow Margin | 32.21 % | |
| Cash Flow To Earnings | 1.645 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.202 % | |
| Return On Assets QoQ | -8.173 % | |
| Return On Assets YoY | -11.253 % | |
| Return On Assets IPRWA | high: 5.931 % PRDO: 3.202 % mean: 0.66 % median: -0.641 % low: -10.078 % |
|
| Return On Capital Employed (ROCE) | 5.139 % | |
| Return On Equity (ROE) | 0.042 | |
| Return On Equity QoQ | -7.462 % | |
| Return On Equity YoY | -2.458 % | |
| Return On Equity IPRWA | high: 0.206 PRDO: 0.042 mean: 0.011 median: -0.001 low: -0.248 |
|
| DuPont ROE | 4.197 % | |
| Return On Invested Capital (ROIC) | 4.286 % | |
| Return On Invested Capital QoQ | -7.57 % | |
| Return On Invested Capital YoY | -173.807 % | |
| Return On Invested Capital IPRWA | high: 15.681 % PRDO: 4.286 % mean: 2.61 % median: 2.072 % low: -15.002 % |
|