NASDAQ : LAUR
Laureate Education, Inc. — Financial statements
Consumer Staples · Education & Training Services · United States
Last price 36.01 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.96B
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Financial statements
Laureate Education, Inc. (LAUR) reported revenue of 1.91B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.91B | 1.70B | 1.57B | 1.48B | 1.24B | 1.09B |
| Cost of Revenue | 1.19B | 1.05B | 976.82M | 936.54M | 775.93M | 684.96M |
| Gross Profit | 721.49M | 656.82M | 589.82M | 547.74M | 466.34M | 401.74M |
| Selling, General & Admin | 226.98M | 225.72M | 215.84M | 205.85M | 196.18M | 333.90M |
| Operating Expenses | 226.98M | 225.72M | 215.84M | 205.85M | 196.18M | 333.90M |
| Operating Income | 494.50M | 431.10M | 373.98M | 341.89M | 270.16M | 67.84M |
| Interest Expense | -14.69M | -10.66M | -18.10M | -20.99M | -16.42M | -46.27M |
| Interest & Investment Income | 7.81M | 7.10M | 8.06M | 9.09M | 7.57M | 4.38M |
| Earnings From Equity Investments | 214.00K | 217.00K | 237.00K | 171.00K | 258.00K | |
| Currency Exchange Gain (Loss) | 240.00K | -34.57M | 50.66M | -75.70M | -17.44M | 13.79M |
| Other Non Operating Income (Expenses) | 7.37M | 7.94M | 1.22M | -325.00K | 770.00K | -26.21M |
| EBT Excluding Unusual Items | 495.45M | 401.13M | 416.06M | 254.14M | 244.89M | 13.52M |
| Gain (Loss) on Sale of Assets | -1.30M | 3.57M | 1.36M | -602.00K | ||
| Asset Writedown | -3.07M | -144.00K | -72.49M | |||
| Other Unusual Items | -31.00K | -77.94M | ||||
| Pretax Income | 495.45M | 401.13M | 414.72M | 254.63M | 246.11M | -137.51M |
| Income Tax Expense | 106.94M | 117.31M | 118.98M | 137.60M | 185.39M | 145.57M |
| Earnings From Continuing Operations | 388.50M | 283.82M | 295.74M | 117.03M | 60.72M | -283.08M |
| Earnings From Discontinued Operations | -247.00K | -32.00K | 654.00K | -9.76M | 8.26M | 486.87M |
| Net Income to Company | 388.26M | 283.78M | 296.40M | 107.27M | 68.98M | 203.78M |
| Minority Interest in Earnings | 24.00K | -2.15M | 78.00K | 323.00K | 595.00K | -11.34M |
| Net Income | 388.28M | 281.63M | 296.47M | 107.59M | 69.57M | 192.45M |
| Preferred Dividends & Other Adjustments | 88.00K | |||||
| Net Income to Common | 388.28M | 281.63M | 296.47M | 107.59M | 69.57M | 192.36M |
| Shares Outstanding (Basic) | 141.11M | 147.82M | 153.27M | 157.26M | 167.67M | 189.69M |
| Shares Outstanding (Diluted) | 142.01M | 148.67M | 153.90M | 157.88M | 168.27M | 189.69M |
| EPS (Basic) | 2.75 | 1.91 | 1.93 | 0.68 | 0.41 | 1.01 |
| EPS (Diluted) | 2.72 | 1.89 | 1.92 | 0.68 | 0.41 | 1.01 |
| Free Cash Flow | 287.60M | 263.15M | 160.85M | 194.34M | 125.47M | -206.53M |
| Free Cash Flow Per Share | 2.02 | 1.77 | 1.04 | 1.23 | 0.75 | -1.09 |
| Gross Margin | 37.68% | 38.59% | 37.65% | 36.90% | 37.54% | 36.97% |
| Operating Margin | 25.82% | 25.33% | 23.87% | 23.03% | 21.75% | 6.24% |
| Profit Margin | 20.28% | 16.55% | 18.92% | 7.25% | 5.60% | 17.70% |
| Free Cash Flow Margin | 15.02% | 15.46% | 10.27% | 13.09% | 10.10% | -19.00% |
| EBITDA | 585.10M | 505.60M | 442.22M | 411.51M | 329.29M | 169.02M |
| EBITDA Margin | 30.55% | 29.71% | 28.23% | 27.73% | 26.51% | 15.55% |
| D&A For EBITDA | 90.60M | 74.50M | 68.24M | 69.62M | 59.13M | 101.18M |
| EBIT | 494.50M | 431.10M | 373.98M | 341.89M | 270.16M | 67.84M |
| EBIT Margin | 25.82% | 25.33% | 23.87% | 23.03% | 21.75% | 6.24% |
| Effective Tax Rate | 21.58% | 29.24% | 28.69% | 54.04% | 75.33% | |
| Advertising Expenses | 97.59M | 88.48M | 75.93M | 61.87M | 53.63M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 189.90M | 146.70M | 91.35M | 89.39M | 85.17M | 324.80M |
| Cash & Short-Term Investments | 189.90M | 146.70M | 91.35M | 89.39M | 85.17M | 324.80M |
| Accounts Receivable | 115.17M | 119.01M | 88.60M | 88.60M | 71.22M | 55.76M |
| Other Receivables | 8.08M | 18.30M | 10.28M | 18.73M | 41.75M | 126.70M |
| Receivables | 123.25M | 137.32M | 98.87M | 107.34M | 112.97M | 182.46M |
| Prepaid Expenses | 30.20M | 28.96M | 30.02M | 19.28M | 19.45M | 16.28M |
| Restricted Cash | 4.13M | 5.37M | 6.50M | 7.50M | 8.62M | 20.77M |
| Other Current Assets | 564.00K | 889.00K | ||||
| Total Current Assets | 347.48M | 318.35M | 227.31M | 224.41M | 226.20M | 544.32M |
| Property, Plant & Equipment | 1.19B | 964.24M | 806.64M | 933.84M | 912.97M | 883.86M |
| Goodwill | 641.52M | 637.30M | 563.40M | 661.48M | 583.49M | 546.79M |
| Other Intangible Assets | 166.70M | 166.19M | 147.91M | 169.18M | 151.65M | 142.85M |
| Long-Term Deferred Tax Assets | 79.05M | 72.16M | 60.82M | 71.43M | 51.94M | 38.71M |
| Long-Term Deferred Charges | 5.14M | 4.54M | 4.73M | 4.98M | 5.31M | 5.98M |
| Other Long-Term Assets | 46.95M | 43.57M | 51.24M | 60.30M | 40.68M | 48.79M |
| Total Assets | 2.48B | 2.21B | 1.86B | 2.13B | 1.97B | 2.21B |
| Accounts Payable | 55.10M | 57.13M | 35.34M | 43.24M | 42.84M | 26.87M |
| Accrued Expenses | 203.07M | 185.26M | 152.28M | 166.12M | 135.78M | 156.01M |
| Current Portion of Long-Term Debt | 18.03M | 45.18M | 34.00M | 46.09M | 50.01M | 43.82M |
| Current Portion of Leases | 49.19M | 65.38M | 55.43M | 64.26M | 45.17M | 43.41M |
| Current Income Taxes Payable | 19.49M | 13.22M | 2.37M | 40.20M | 38.74M | 38.70M |
| Current Unearned Revenue | 110.16M | 80.16M | 64.34M | 69.35M | 51.26M | 43.96M |
| Other Current Liabilities | 34.31M | 26.58M | 24.13M | 23.96M | 17.59M | 19.15M |
| Total Current Liabilities | 489.35M | 472.91M | 367.89M | 453.21M | 381.39M | 371.93M |
| Long-Term Debt | 97.74M | 19.07M | 17.89M | 61.41M | 133.92M | 64.72M |
| Long-Term Leases | 617.64M | 385.85M | 320.09M | 410.95M | 418.91M | 416.97M |
| Long-Term Deferred Tax Liabilities | 15.72M | 15.59M | 12.43M | 56.49M | 89.77M | 73.62M |
| Other Long-Term Liabilities | 96.91M | 124.18M | 185.21M | 194.41M | 172.50M | 142.79M |
| Total Liabilities | 1.32B | 1.02B | 903.52M | 1.18B | 1.20B | 1.07B |
| Common Stock | 543.00K | 572.00K | 604.00K | 630.00K | 923.00K | 915.00K |
| Additional Paid-In Capital | 1.03B | 1.08B | 1.13B | 1.18B | 2.20B | 2.39B |
| Retained Earnings | 431.11M | 416.89M | 291.64M | 41.86M | 39.24M | 15.52M |
| Treasury Stock | -1.03B | -744.17M | ||||
| Comprehensive Income & Other | -299.16M | -304.98M | -462.21M | -272.14M | -442.42M | -520.20M |
| Total Common Equity | 1.16B | 1.19B | 959.55M | 950.07M | 776.23M | 1.14B |
| Minority Interest | 699.00K | 823.00K | -1.01M | -931.00K | -471.00K | 429.00K |
| Shareholders' Equity | 1.16B | 1.19B | 958.54M | 949.14M | 775.75M | 1.14B |
| Total Liabilities & Equity | 2.48B | 2.21B | 1.86B | 2.13B | 1.97B | 2.21B |
| Total Debt | 782.59M | 515.47M | 427.41M | 582.70M | 648.00M | 568.92M |
| Net Cash (Debt) | -592.69M | -368.77M | -336.06M | -493.31M | -562.84M | -244.12M |
| Net Cash Per Share | -4.17 | -2.48 | -2.18 | -3.12 | -3.34 | -1.29 |
| Filing Date Shares Outstanding | 135.75M | 142.74M | 150.78M | 157.59M | 157.01M | 178.50M |
| Total Common Shares Outstanding | 135.75M | 142.94M | 150.79M | 157.59M | 157.01M | 180.61M |
| Working Capital | -141.88M | -154.56M | -140.58M | -228.81M | -155.19M | 172.39M |
| Book Value Per Share | 8.54 | 8.31 | 6.36 | 6.03 | 4.94 | 6.32 |
| Tangible Book Value | 351.33M | 384.44M | 248.23M | 119.40M | 41.09M | 451.20M |
| Tangible Book Value Per Share | 2.59 | 2.69 | 1.65 | 0.76 | 0.26 | 2.50 |
| Land | 161.32M | 162.59M | 127.41M | 129.23M | 127.15M | 121.17M |
| Buildings | 416.28M | 397.10M | 347.52M | 377.95M | 348.93M | 328.34M |
| Machinery | 621.78M | 596.55M | 504.65M | 556.13M | 494.00M | 459.19M |
| Construction In Progress | 45.71M | 26.70M | 28.00M | 22.67M | 11.87M | 9.62M |
| Leasehold Improvements | 165.68M | 159.88M | 125.69M | 137.17M | 117.82M | 106.81M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 388.28M | 281.63M | 296.47M | 107.59M | 69.57M | 192.45M |
| Depreciation & Amortization | 125.67M | 110.79M | 105.21M | 102.85M | 88.53M | 145.26M |
| Loss (Gain) From Sale of Assets | 165.00K | 165.00K | -5.10M | 9.60M | -11.15M | -609.53M |
| Asset Writedown & Restructuring Costs | 3.07M | 144.00K | 72.49M | |||
| Stock-Based Compensation | 14.24M | 13.34M | 7.84M | 7.11M | 8.78M | 10.17M |
| Provision & Write-off of Bad Debts | 68.13M | 61.13M | 55.75M | 43.73M | 21.97M | 34.37M |
| Other Operating Activities | -4.89M | 40.23M | -93.05M | 20.61M | 21.20M | 275.60M |
| Change in Accounts Receivable | -96.95M | -93.06M | -57.98M | -51.74M | -27.52M | -15.99M |
| Change in Accounts Payable | 16.92M | 17.92M | 4.75M | -4.26M | -10.46M | -45.33M |
| Change in Unearned Revenue | -19.16M | -29.67M | -35.37M | -13.72M | -18.96M | -98.28M |
| Change in Income Taxes | -75.50M | -43.85M | -30.61M | 23.30M | 31.33M | -101.13M |
| Change in Other Net Operating Assets | 1.11M | 7.57M | -15.19M | 2.62M | 4.80M | -17.43M |
| Operating Cash Flow | 418.02M | 366.19M | 232.73M | 250.78M | 178.23M | -156.08M |
| Capital Expenditures | -130.42M | -103.04M | -71.89M | -56.44M | -52.76M | -50.44M |
| Sale of Property, Plant & Equipment | 2.44M | 289.00K | 17.96M | 274.00K | 468.00K | |
| Other Investing Activities | 108.00K | -3.63M | 4.25M | 82.63M | 2.09B | |
| Investing Cash Flow | -127.99M | -102.65M | -57.55M | -51.92M | 30.35M | 2.04B |
| Long-Term Debt Issued | 126.16M | 155.15M | 153.77M | 496.25M | 46.49M | |
| Long-Term Debt Repaid | -129.07M | -215.56M | -243.44M | -433.70M | -942.03M | |
| Net Debt Issued (Repaid) | 62.29M | -2.91M | -60.41M | -89.67M | 62.55M | -895.54M |
| Issuance of Common Stock | 83.00K | 128.00K | 230.00K | 2.31M | 13.22M | 3.41M |
| Repurchase of Common Stock | -408.80M | -219.23M | -104.96M | -623.00K | -284.14M | -383.27M |
| Other Financing Activities | -213.00K | -79.00K | -1.43M | -32.98M | ||
| Financing Cash Flow | -347.09M | -222.47M | -166.94M | -201.89M | -461.57M | -2.68B |
| Foreign Exchange Rate Adjustments | 4.64M | 12.87M | -7.55M | 6.64M | 1.20M | -14.72M |
| Miscellaneous Cash Flow Adjustments | 269.00K | 257.00K | -502.00K | 288.13M | ||
| Net Cash Flow | -52.42M | 54.22M | 957.00K | 3.11M | -251.79M | -521.72M |
| Free Cash Flow | 287.60M | 263.15M | 160.85M | 194.34M | 125.47M | -206.53M |
| Free Cash Flow Margin | 15.02% | 15.46% | 10.27% | 13.09% | 10.10% | -19.00% |
| Free Cash Flow Per Share | 2.02 | 1.77 | 1.04 | 1.23 | 0.75 | -1.09 |
| Levered Free Cash Flow | 334.21M | 332.07M | 198.24M | 316.78M | 283.13M | 211.90M |
| Unlevered Free Cash Flow | 343.39M | 338.73M | 209.55M | 329.89M | 293.39M | 240.82M |
| Cash Interest Paid | 11.12M | 9.02M | 16.59M | 20.26M | 16.75M | 63.15M |
| Cash Income Tax Paid | 189.73M | 163.43M | 194.81M | 171.28M | 153.76M | 251.10M |
| Change in Working Capital | -173.58M | -141.10M | -134.40M | -43.80M | -20.82M | -278.15M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.51B | 4.96B | 2.76B | 2.16B | 1.51B | 1.41B |
| Enterprise Value | 5.10B | 5.16B | 3.12B | 2.55B | 1.70B | 160.65M |
| Last Close Price | 33.22 | 33.67 | 18.29 | 13.71 | 9.13 | 10.13 |
| PE Ratio | 12.21 | 17.62 | 9.30 | 20.05 | 21.66 | 7.32 |
| Forward PE | 14.44 | 17.09 | 13.75 | 11.92 | 9.21 | 16.77 |
| PS Ratio | 2.35 | 2.92 | 1.76 | 1.45 | 1.21 | 1.30 |
| PB Ratio | 3.89 | 4.17 | 2.88 | 2.27 | 1.94 | 1.23 |
| P/TBV Ratio | 12.84 | 12.91 | 11.10 | 18.07 | 36.68 | 3.12 |
| P/FCF Ratio | 15.68 | 18.86 | 17.13 | 11.10 | 12.01 | |
| P/OCF Ratio | 10.79 | 13.55 | 11.84 | 8.60 | 8.46 | |
| PEG Ratio | 0.83 | 0.92 | 1.48 | 1.48 | 1.48 | 1.48 |
| EV/Sales Ratio | 2.66 | 3.03 | 1.99 | 1.72 | 1.37 | 0.15 |
| EV/EBITDA Ratio | 8.72 | 10.21 | 7.06 | 6.20 | 5.15 | 0.95 |
| EV/EBIT Ratio | 10.32 | 11.97 | 8.35 | 7.46 | 6.28 | 2.37 |
| EV/FCF Ratio | 17.74 | 19.61 | 19.40 | 13.13 | 13.53 | |
| Debt / Equity Ratio | 0.68 | 0.43 | 0.45 | 0.61 | 0.83 | 0.50 |
| Debt / EBITDA Ratio | 1.19 | 0.89 | 0.82 | 1.19 | 1.63 | 2.32 |
| Debt / FCF Ratio | 2.72 | 1.96 | 2.66 | 3.00 | 5.16 | |
| Net Debt / Equity Ratio | 0.51 | 0.31 | 0.35 | 0.52 | 0.73 | 0.21 |
| Net Debt / EBITDA Ratio | 1.01 | 0.73 | 0.76 | 1.20 | 1.71 | 1.44 |
| Net Debt / FCF Ratio | 2.06 | 1.40 | 2.09 | 2.54 | 4.49 | -1.18 |
| Asset Turnover | 0.83 | 0.84 | 0.79 | 0.72 | 0.59 | 0.30 |
| Quick Ratio | 0.64 | 0.60 | 0.52 | 0.43 | 0.52 | 1.36 |
| Current Ratio | 0.71 | 0.67 | 0.62 | 0.49 | 0.59 | 1.46 |
| Return on Equity (ROE) | 34.08% | 26.43% | 31.00% | 13.57% | 6.33% | -16.62% |
| Return on Assets (ROA) | 13.46% | 13.25% | 11.72% | 10.43% | 8.07% | 1.18% |
| Return on Invested Capital (ROIC) | 22.37% | 21.39% | 19.49% | 11.30% | 4.89% | 3.07% |
| Return on Capital Employed (ROCE) | 24.90% | 24.90% | 25.00% | 20.40% | 17.00% | 3.70% |
| Earnings Yield | 8.19% | 5.68% | 10.76% | 4.99% | 4.62% | 13.67% |
| FCF Yield | 6.38% | 5.30% | 5.84% | 9.01% | 8.33% | -14.67% |
| Buyback Yield / Dilution | 5.20% | 3.40% | 2.52% | 6.17% | 11.29% | 9.55% |