$88.63

+0.98 (+1.12%)

Weekly Expected Move ±5.3%

$79 $84 $88 $93 $98

NYSE · Consumer Defensive · Education & Training Services · Alpha Radar Strong Sell · Power 34 · $3.8B mcap · 41M float · 1.90% daily turnover · Short 64% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

57.8 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 29.6% · 5Y Avg: 88.2%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. LRN has a Narrow competitive edge (57.8/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Efficient Scale. ROIC of 29.6% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$128

Avg Target

$128

High

Based on 4 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 5Hold: 10Sell: 2Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$128.00

Analysts4

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-01-28	BMO Capital	Jeffrey Silber	$108	$94	-14	+7.7%	$87.26
2026-01-28	Canaccord Genuity	Jason Tichen	$100	$125	+25	+44.5%	$86.52
2025-10-29	BMO Capital	—	$88	$108	+20	-29.7%	$153.53
2025-08-29	Barrington	Alexander Paris	$170	$185	+15	+11.1%	$166.48
2025-04-30	Barrington	Alexander Paris	$50	$170	+120	+19.5%	$142.25
2024-10-24	BMO Capital	Jeffrey Silber	$82	$88	+6	-0.7%	$88.59
2024-10-23	Canaccord Genuity	Jason Tichen	Initiated	$100	—	+55.1%	$64.49
2024-08-19	Citigroup	Thomas Singlehurst	Initiated	$90	—	+7.4%	$83.77
2024-08-08	BMO Capital	Jeffrey Silber	$73	$82	+9	+4.5%	$78.48
2024-04-25	BMO Capital	Jeffrey Silber	Initiated	$73	—	+15.5%	$63.23
2023-04-14	Barrington	Alexander Paris	Initiated	$50	—	+30.5%	$38.31
2022-08-25	Morgan Stanley	Greg Parrish	$39	$45	+6	+26.7%	$35.52
2022-04-19	Morgan Stanley	Greg Parrish	Initiated	$39	—	-2.0%	$39.81

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. LRN receives an overall rating of A. Strongest factors: DCF (5/5), ROE (5/5), ROA (5/5). Areas of concern: P/B (2/5).

Rating Change History

Date	From	To
2026-05-14	A+	A
2026-01-28	A-	A+
2026-01-03	B+	A-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 65 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. LRN scores highest in Safety (100/100) and lowest in Cash Flow (40/100). An overall grade of A places LRN among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

5.17

Safe Zone

Piotroski F-Score

8/9

✓ ✓ ✓ ✗ ✓ ✓ ✓ ✓ ✓

Beneish M-Score

-2.21

Unlikely Manipulator

Ohlson O-Score

-9.73

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA+

Score: 94.3/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 0.82x

Accruals: 2.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. LRN scores 5.17, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. LRN scores 8/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. LRN's score of -2.21 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. LRN's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. LRN receives an estimated rating of AA+ (score: 94.3/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). LRN's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

12.35x

PEG

4.30x

P/S

1.49x

P/B

2.32x

P/FCF

14.51x

P/OCF

11.63x

EV/EBITDA

4.77x

EV/Revenue

1.03x

EV/EBIT

6.10x

EV/FCF

12.43x

Earnings Yield

10.48%

FCF Yield

6.89%

Shareholder Yield

2.55%

Graham Number

$69.53

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 12.3x earnings, LRN trades at a reasonable valuation. An earnings yield of 10.5% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $69.53 per share, 27% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.767

NI / EBT

Interest Burden

0.973

EBT / EBIT

EBIT Margin

0.170

EBIT / Rev

Asset Turnover

1.195

Rev / Assets

Equity Multiplier

1.587

Assets / Equity

ROE

24.0%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. LRN's ROE of 24.0% is driven by Asset Turnover (1.195), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

42.99%

Fair P/E

94.48x

Intrinsic Value

$643.04

Price/Value

0.10x

Margin of Safety

89.90%

Premium

-89.90%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with LRN's realized 43.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $643.04, LRN appears undervalued with a 90% margin of safety. The adjusted fair P/E of 94.5x compares to the current market P/E of 12.3x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$88.65

Median 1Y

$86.66

5th Pctile

$33.98

95th Pctile

$220.87

Ann. Volatility

56.6%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
James J. Rhyu Chief Executive Officer	$1,000,000	$16,860,903	$21,496,095
Donna Blackman Financial ancial Officer	$625,000	$3,718,944	$6,053,327
Greerson G. McMullen, Sr., Executive Vice President, General Counsel and Secretary	$146,154	$1,498,980	$1,963,698
Vincent W. Mathis Former Executive Vice President, General Counsel and Secretary	$191,827	$1,685,845	$1,882,666
Todd Goldthwaite Managing Director, Portfolio Companies	$400,000	$1,334,639	$1,750,280

CEO Pay Ratio

353:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $21,496,095

Avg Employee Cost (SGA/emp): $60,971

Employees: 8,600

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

8,600

+10.3% YoY

Revenue / Employee

$279,688

Rev: $2,405,317,000

Profit / Employee

$33,482

NI: $287,941,000

SGA / Employee

$60,971

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	10.1%	9.7%	7.1%	9.5%	12.1%	13.2%	11.2%	12.2%	13.8%	14.4%	17.5%	19.4%	21.0%	19.2%	22.6%	25.4%	28.2%	21.7%	23.8%	24.0%	24.02%
ROA	7.0%	5.4%	4.0%	5.3%	6.8%	6.7%	5.6%	6.2%	6.9%	7.5%	9.1%	10.0%	10.9%	11.1%	13.0%	14.7%	16.3%	13.7%	15.0%	15.1%	15.14%
ROIC	10.4%	9.3%	8.2%	9.9%	11.8%	12.6%	9.8%	10.6%	11.6%	12.6%	15.1%	16.5%	17.7%	18.7%	22.2%	25.1%	28.2%	26.1%	28.0%	29.6%	29.65%
ROCE	12.4%	8.9%	7.3%	9.0%	10.7%	11.7%	10.1%	10.9%	12.1%	12.4%	15.0%	16.3%	17.6%	16.5%	19.3%	21.8%	24.3%	19.8%	21.3%	21.5%	21.45%
Gross Margin	35.5%	34.4%	31.6%	36.0%	36.7%	36.8%	30.5%	37.1%	37.3%	35.6%	36.0%	39.8%	38.7%	35.2%	39.2%	40.8%	40.6%	36.6%	39.0%	41.1%	41.13%
Operating Margin	9.8%	5.4%	1.7%	13.9%	14.4%	10.1%	-6.8%	14.8%	15.4%	11.2%	0.7%	16.7%	17.0%	13.8%	8.6%	21.3%	21.3%	8.7%	11.1%	23.3%	23.26%
Net Margin	6.1%	2.6%	-1.5%	10.3%	10.2%	6.2%	-5.3%	11.1%	11.8%	9.0%	1.0%	13.2%	13.4%	11.8%	7.4%	16.4%	16.2%	7.9%	11.1%	15.8%	15.76%
EBITDA Margin	16.0%	11.7%	4.3%	21.0%	20.2%	14.6%	-0.6%	21.7%	22.1%	18.5%	7.6%	23.2%	23.6%	20.5%	15.3%	27.2%	27.2%	14.9%	18.5%	26.5%	26.46%
FCF Margin	3.2%	5.3%	4.0%	9.0%	8.5%	8.3%	7.4%	9.5%	9.0%	7.4%	7.7%	8.2%	7.1%	10.6%	10.0%	12.5%	11.3%	16.1%	13.2%	8.3%	8.33%
OCF Margin	6.3%	8.7%	7.5%	12.7%	12.5%	12.3%	11.4%	13.6%	12.8%	11.1%	11.1%	11.3%	10.2%	13.7%	12.9%	14.7%	13.4%	18.0%	15.3%	10.4%	10.38%
ROE 3Y Avg	snapshot only																				20.83%
ROE 5Y Avg	snapshot only																				16.69%
ROA 3Y Avg	snapshot only																				12.55%
ROIC 3Y Avg	snapshot only																				41.60%
ROIC Economic	snapshot only																				15.64%
Cash ROA	snapshot only																				11.40%
Cash ROIC	snapshot only																				25.05%
CROIC	snapshot only																				20.09%
NOPAT Margin	snapshot only																				12.29%
Pretax Margin	snapshot only																				16.50%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				20.92%
SBC / Revenue	snapshot only																				1.62%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	19.06	19.00	27.55	19.87	17.10	16.21	19.58	13.44	15.02	12.57	12.53	15.13	14.90	15.28	15.52	18.29	20.78	25.09	23.21	9.54	12.347
P/S Ratio	0.89	0.88	0.93	0.87	0.94	1.03	1.03	0.76	0.93	0.87	1.02	1.33	1.38	1.53	1.77	2.25	2.72	3.00	2.96	1.21	1.486
P/B Ratio	1.86	1.69	1.81	1.74	1.90	2.14	2.18	1.64	2.06	1.68	2.04	2.72	2.91	2.65	3.17	4.19	5.29	4.88	4.95	2.06	2.317
P/FCF	28.27	16.58	23.37	9.70	11.00	12.47	14.02	7.93	10.28	11.68	13.33	16.29	19.55	14.36	17.60	18.00	24.00	18.66	22.46	14.51	14.507
P/OCF	14.18	10.12	12.44	6.91	7.49	8.39	9.06	5.55	7.24	7.85	9.17	11.73	13.52	11.19	13.70	15.31	20.29	16.69	19.34	11.63	11.632
EV/EBITDA	7.42	7.09	8.13	6.97	6.86	7.52	8.28	6.06	6.94	5.57	5.94	7.50	7.57	7.65	8.21	10.01	11.64	13.36	12.79	4.77	4.771
EV/Revenue	0.91	0.94	0.98	0.92	0.99	1.13	1.14	0.86	1.02	0.88	1.03	1.34	1.39	1.45	1.69	2.17	2.65	2.82	2.79	1.03	1.035
EV/EBIT	12.91	12.75	16.50	12.95	11.82	12.21	14.41	10.31	11.44	8.98	9.01	11.03	10.87	10.69	11.00	13.04	14.85	17.25	16.28	6.10	6.104
EV/FCF	28.79	17.55	24.65	10.25	11.58	13.74	15.42	8.98	11.36	11.83	13.48	16.43	19.70	13.61	16.82	17.40	23.37	17.54	21.12	12.43	12.431
Earnings Yield	5.2%	5.3%	3.6%	5.0%	5.8%	6.2%	5.1%	7.4%	6.7%	8.0%	8.0%	6.6%	6.7%	6.5%	6.4%	5.5%	4.8%	4.0%	4.3%	10.5%	10.48%
FCF Yield	3.5%	6.0%	4.3%	10.3%	9.1%	8.0%	7.1%	12.6%	9.7%	8.6%	7.5%	6.1%	5.1%	7.0%	5.7%	5.6%	4.2%	5.4%	4.5%	6.9%	6.89%
PEG Ratio	snapshot only																				4.303
Price/Tangible Book	snapshot only																				2.815
EV/OCF	snapshot only																				9.967
EV/Gross Profit	snapshot only																				2.634
Acquirers Multiple	snapshot only																				6.462
Shareholder Yield	snapshot only																				2.55%
Graham Number	snapshot only																				$69.53

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.83	2.80	2.80	2.80	2.80	3.15	3.15	3.15	3.15	3.45	3.45	3.45	3.45	5.10	5.10	5.10	5.10	5.39	5.39	5.39	5.391
Quick Ratio	1.73	2.67	2.67	2.67	2.67	3.03	3.03	3.03	3.03	3.33	3.33	3.33	3.33	4.95	4.95	4.95	4.95	5.27	5.27	5.27	5.267
Debt/Equity	0.35	0.58	0.58	0.58	0.58	0.70	0.70	0.70	0.70	0.57	0.57	0.57	0.57	0.45	0.45	0.45	0.45	0.37	0.37	0.37	0.372
Net Debt/Equity	0.03	0.10	0.10	0.10	0.10	0.22	0.22	0.22	0.22	0.02	0.02	0.02	0.02	-0.14	-0.14	-0.14	-0.14	-0.29	-0.29	-0.29	-0.294
Debt/Assets	0.22	0.30	0.30	0.30	0.30	0.34	0.34	0.34	0.34	0.31	0.31	0.31	0.31	0.28	0.28	0.28	0.28	0.24	0.24	0.24	0.240
Debt/EBITDA	1.37	2.30	2.47	2.20	1.99	2.22	2.41	2.28	2.12	1.87	1.65	1.57	1.48	1.37	1.22	1.11	1.01	1.08	1.02	1.01	1.006
Net Debt/EBITDA	0.13	0.39	0.42	0.38	0.34	0.69	0.75	0.71	0.66	0.07	0.06	0.06	0.06	-0.42	-0.38	-0.34	-0.32	-0.86	-0.81	-0.80	-0.797
Interest Coverage	7.57	6.27	5.22	7.76	11.62	18.92	16.20	17.13	19.34	21.41	25.77	28.20	29.79	31.38	35.63	37.53	40.27	37.48	37.72	37.57	37.569
Equity Multiplier	1.59	1.96	1.96	1.96	1.96	2.02	2.02	2.02	2.02	1.86	1.86	1.86	1.86	1.63	1.63	1.63	1.63	1.55	1.55	1.55	1.550
Cash Ratio	snapshot only																				3.253
Debt Service Coverage	snapshot only																				48.064
Cash to Debt	snapshot only																				1.792
FCF to Debt	snapshot only																				0.382
Defensive Interval	snapshot only																				961.5 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	1.49	1.16	1.18	1.21	1.23	1.05	1.06	1.09	1.12	1.08	1.11	1.14	1.17	1.11	1.15	1.19	1.24	1.14	1.17	1.20	1.195
Inventory Turnover	31.87	29.47	30.43	30.88	31.29	28.81	29.38	30.08	30.82	32.74	33.06	33.48	34.16	34.75	35.51	36.70	37.91	39.33	40.50	41.15	41.153
Receivables Turnover	6.58	5.08	5.17	5.28	5.38	4.28	4.34	4.47	4.59	4.17	4.29	4.40	4.51	4.36	4.51	4.68	4.88	4.66	4.79	4.88	4.880
Payables Turnover	20.42	19.53	20.17	20.47	20.74	17.56	17.91	18.34	18.79	21.48	21.69	21.97	22.41	28.42	29.04	30.02	31.01	34.41	35.44	36.01	36.010
DSO	55	72	71	69	68	85	84	82	79	88	85	83	81	84	81	78	75	78	76	75	74.8 days
DIO	11	12	12	12	12	13	12	12	12	11	11	11	11	11	10	10	10	9	9	9	8.9 days
DPO	18	19	18	18	18	21	20	20	19	17	17	17	16	13	13	12	12	11	10	10	10.1 days
Cash Conversion Cycle	49	66	64	63	62	77	76	74	72	82	79	77	75	81	79	76	73	77	75	74	73.5 days
Fixed Asset Turnover	snapshot only																				26.646
Operating Cycle	snapshot only																				83.7 days
Cash Velocity	snapshot only																				2.557
Capital Intensity	snapshot only																				0.911

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	37.0%	47.7%	35.6%	25.6%	15.7%	9.8%	9.3%	10.1%	11.1%	8.9%	10.6%	10.1%	10.0%	11.0%	11.6%	13.1%	14.9%	17.9%	17.3%	14.9%	14.86%
Net Income	1.9%	1.9%	12.8%	38.6%	36.0%	49.9%	70.8%	40.7%	24.6%	18.4%	70.9%	72.2%	65.6%	60.9%	55.5%	58.2%	62.0%	41.0%	31.5%	18.2%	18.24%
EPS	1.8%	1.8%	17.3%	35.7%	34.5%	48.8%	64.6%	38.7%	22.9%	17.7%	67.3%	68.6%	62.0%	55.9%	53.0%	44.8%	43.8%	25.4%	16.8%	19.8%	19.75%
FCF	86.0%	1.3%	4.3%	8.0%	2.1%	70.1%	1.0%	16.4%	17.2%	-1.9%	15.1%	-5.7%	-13.7%	59.0%	46.0%	73.1%	84.1%	78.2%	54.1%	-23.5%	-23.48%
EBITDA	66.8%	1.1%	48.8%	48.9%	36.3%	25.5%	24.3%	17.2%	13.8%	14.0%	40.1%	39.6%	37.2%	33.0%	31.8%	37.3%	42.1%	31.6%	24.3%	14.7%	14.69%
Op. Income	2.3%	2.3%	64.9%	71.9%	51.8%	54.4%	28.0%	17.9%	8.1%	-3.0%	46.4%	46.4%	45.8%	50.8%	48.6%	56.5%	64.0%	44.3%	30.0%	20.6%	20.65%
OCF Growth	snapshot only																				-18.79%
Asset Growth	snapshot only																				19.45%
Equity Growth	snapshot only																				25.82%
Debt Growth	snapshot only																				4.08%
Shares Change	snapshot only																				-1.26%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	16.3%	18.7%	18.5%	17.8%	17.7%	18.4%	18.8%	19.8%	20.7%	20.9%	17.9%	15.0%	12.2%	9.9%	10.5%	11.1%	12.0%	12.6%	13.1%	12.7%	12.69%
Revenue 5Y	9.7%	12.0%	12.2%	12.4%	12.7%	13.7%	14.0%	14.8%	15.1%	14.9%	15.0%	14.7%	14.8%	15.0%	15.6%	16.4%	17.3%	18.2%	16.5%	14.6%	14.62%
EPS 3Y	76.1%	34.8%	22.3%	21.4%	27.1%	41.2%	33.1%	41.8%	65.7%	70.7%	47.8%	47.0%	38.9%	39.7%	61.5%	50.2%	42.0%	32.0%	44.0%	43.0%	42.99%
EPS 5Y	—	47.9%	44.0%	42.6%	69.6%	1.9%	68.2%	64.6%	55.3%	33.8%	38.2%	33.1%	32.5%	38.9%	43.3%	47.4%	60.4%	57.6%	42.0%	40.7%	40.66%
Net Income 3Y	77.4%	37.3%	24.5%	23.0%	27.5%	42.3%	36.2%	44.8%	69.4%	73.0%	48.8%	49.7%	41.1%	41.9%	65.6%	56.5%	49.5%	39.0%	51.8%	47.7%	47.67%
Net Income 5Y	—	51.2%	45.9%	44.7%	72.0%	2.0%	70.7%	66.1%	56.8%	35.7%	41.3%	35.1%	33.7%	40.6%	46.4%	52.6%	67.2%	63.7%	46.4%	44.4%	44.40%
EBITDA 3Y	21.5%	26.2%	22.6%	20.4%	23.8%	29.6%	27.2%	31.0%	37.3%	43.5%	37.4%	34.5%	28.6%	23.9%	31.9%	31.0%	30.4%	25.9%	31.9%	30.0%	30.04%
EBITDA 5Y	16.8%	19.8%	18.5%	19.6%	23.2%	23.8%	19.8%	22.4%	22.7%	23.6%	26.2%	23.4%	24.3%	27.0%	30.6%	33.9%	38.2%	38.9%	33.5%	30.8%	30.84%
Gross Profit 3Y	14.5%	18.0%	16.5%	15.9%	16.9%	19.2%	20.3%	22.3%	24.5%	24.6%	22.0%	19.8%	15.9%	12.6%	14.9%	15.4%	16.5%	16.5%	17.4%	16.7%	16.74%
Gross Profit 5Y	8.7%	10.4%	10.1%	10.5%	11.2%	12.5%	12.9%	14.1%	15.0%	14.7%	15.5%	15.4%	16.1%	16.7%	18.6%	20.0%	21.8%	23.1%	20.6%	18.7%	18.75%
Op. Income 3Y	67.7%	62.9%	52.8%	36.1%	40.4%	55.4%	49.4%	57.4%	76.4%	71.1%	45.7%	43.7%	33.7%	31.2%	40.7%	39.3%	37.2%	28.3%	41.4%	40.3%	40.32%
Op. Income 5Y	—	51.3%	55.2%	51.9%	74.8%	67.0%	49.5%	61.2%	50.6%	45.3%	46.2%	34.2%	34.3%	40.6%	48.7%	54.9%	67.4%	61.2%	43.0%	41.1%	41.13%
FCF 3Y	-7.7%	10.7%	-3.5%	19.5%	21.9%	14.3%	30.9%	51.8%	89.7%	56.8%	1.3%	—	46.9%	38.4%	50.3%	23.9%	23.0%	40.6%	37.3%	7.7%	7.71%
FCF 5Y	-10.5%	6.8%	22.0%	19.9%	26.5%	28.0%	26.6%	43.5%	23.6%	17.7%	15.9%	13.4%	12.9%	18.4%	30.4%	41.7%	61.1%	61.3%	94.0%	—	—
OCF 3Y	-5.5%	9.0%	0.7%	15.5%	18.3%	13.5%	23.4%	35.9%	48.1%	36.2%	58.8%	1.2%	32.0%	27.6%	32.4%	16.7%	14.5%	27.9%	24.7%	3.0%	2.95%
OCF 5Y	-8.1%	2.0%	6.4%	11.2%	15.8%	18.4%	17.2%	25.9%	17.2%	14.4%	13.0%	10.9%	10.5%	14.5%	21.2%	27.5%	33.9%	40.0%	48.4%	64.5%	64.49%
Assets 3Y	13.4%	28.6%	28.6%	28.6%	28.6%	26.1%	26.1%	26.1%	26.1%	17.9%	17.9%	17.9%	17.9%	6.8%	6.8%	6.8%	6.8%	11.8%	11.8%	11.8%	11.76%
Assets 5Y	8.7%	16.5%	16.5%	16.5%	16.5%	17.5%	17.5%	17.5%	17.5%	18.9%	18.9%	18.9%	18.9%	18.6%	18.6%	18.6%	18.6%	16.4%	16.4%	16.4%	16.41%
Equity 3Y	5.5%	11.1%	11.1%	11.1%	11.1%	8.7%	8.7%	8.7%	8.7%	11.9%	11.9%	11.9%	11.9%	13.5%	13.5%	13.5%	13.5%	22.1%	22.1%	22.1%	22.11%
Book Value 3Y	4.8%	9.0%	9.1%	9.6%	10.7%	7.9%	6.2%	6.4%	6.3%	10.5%	11.2%	9.9%	10.2%	11.8%	10.7%	8.9%	7.8%	15.9%	15.9%	18.2%	18.24%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.66	0.65	0.75	0.80	0.82	0.82	0.89	0.93	0.94	0.91	0.96	0.98	1.00	0.98	0.99	0.99	0.99	0.98	0.99	0.99	0.993
Earnings Stability	0.77	0.71	0.95	0.89	0.83	0.83	0.92	0.93	0.88	0.86	0.82	0.83	0.85	0.90	0.86	0.88	0.90	0.95	0.94	0.95	0.946
Margin Stability	0.96	0.95	0.95	0.95	0.95	0.95	0.96	0.96	0.96	0.96	0.96	0.95	0.96	0.97	0.95	0.94	0.93	0.93	0.93	0.93	0.930
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.95	0.85	0.86	0.80	0.50	0.84	0.90	0.93	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.84	0.87	0.93	0.927
Earnings Smoothness	0.03	0.02	0.88	0.68	0.70	0.60	0.48	0.66	0.78	0.83	0.48	0.47	0.51	0.53	0.57	0.55	0.53	0.66	0.73	0.83	0.833
ROE Trend	0.04	0.04	0.00	0.02	0.04	0.07	0.04	0.04	0.03	0.02	0.07	0.08	0.07	0.04	0.07	0.08	0.09	0.04	0.03	0.01	0.011
Gross Margin Trend	0.00	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.01	0.00	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.02	0.01	0.014
FCF Margin Trend	-0.02	-0.01	0.01	0.07	0.06	0.04	0.05	0.06	0.03	0.01	0.02	-0.01	-0.02	0.03	0.03	0.04	0.03	0.07	0.04	-0.02	-0.020
Sustainable Growth Rate	10.1%	9.7%	7.1%	9.5%	12.1%	13.2%	11.2%	12.2%	13.8%	14.4%	17.5%	19.4%	21.0%	19.2%	22.6%	25.4%	28.2%	21.7%	23.8%	24.0%	24.02%
Internal Growth Rate	7.5%	5.7%	4.2%	5.6%	7.2%	7.1%	5.9%	6.6%	7.4%	8.1%	10.0%	11.1%	12.2%	12.5%	15.0%	17.2%	19.4%	15.8%	17.6%	17.8%	17.84%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.34	1.88	2.21	2.88	2.28	1.93	2.16	2.42	2.08	1.60	1.37	1.29	1.10	1.37	1.13	1.19	1.02	1.50	1.20	0.82	0.820
FCF/OCF	0.50	0.61	0.53	0.71	0.68	0.67	0.65	0.70	0.70	0.67	0.69	0.72	0.69	0.78	0.78	0.85	0.85	0.89	0.86	0.80	0.802
FCF/Net Income	snapshot only																				0.658
OCF/EBITDA	snapshot only																				0.479
CapEx/Revenue	3.1%	3.4%	3.5%	3.6%	4.0%	4.0%	4.0%	4.1%	3.8%	3.6%	3.5%	3.2%	3.2%	3.0%	2.9%	2.2%	2.1%	1.9%	2.1%	2.1%	2.06%
CapEx/Depreciation	snapshot only																				0.435
Accruals Ratio	-0.02	-0.05	-0.05	-0.10	-0.09	-0.06	-0.07	-0.09	-0.07	-0.04	-0.03	-0.03	-0.01	-0.04	-0.02	-0.03	-0.00	-0.07	-0.03	0.03	0.027
Sloan Accruals	snapshot only																				0.099
Cash Flow Adequacy	snapshot only																				5.045
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	13.9%	12.9%	17.9%	54.7%	42.2%	35.3%	45.1%	11.5%	8.3%	7.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	3.7%	3.6%	3.3%	24.3%	24.29%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.7%	0.7%	0.6%	2.8%	2.5%	2.2%	2.3%	0.9%	0.6%	0.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.1%	0.1%	2.5%	2.55%
Net Buyback Yield	0.7%	0.7%	0.6%	2.8%	2.5%	2.2%	2.3%	0.9%	0.6%	0.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.1%	0.1%	2.5%	2.55%
Total Shareholder Return	0.7%	0.7%	0.6%	2.8%	2.5%	2.2%	2.3%	0.9%	0.6%	0.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.1%	0.1%	2.5%	2.55%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.76	0.74	0.69	0.71	0.71	0.73	0.72	0.72	0.73	0.74	0.74	0.75	0.75	0.76	0.76	0.76	0.76	0.76	0.77	0.77	0.767
Interest Burden (EBT/EBIT)	0.88	0.85	0.83	0.87	0.92	0.94	0.93	0.94	0.94	0.96	0.96	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.973
EBIT Margin	0.07	0.07	0.06	0.07	0.08	0.09	0.08	0.08	0.09	0.10	0.11	0.12	0.13	0.14	0.15	0.17	0.18	0.16	0.17	0.17	0.170
Asset Turnover	1.49	1.16	1.18	1.21	1.23	1.05	1.06	1.09	1.12	1.08	1.11	1.14	1.17	1.11	1.15	1.19	1.24	1.14	1.17	1.20	1.195
Equity Multiplier	1.45	1.79	1.79	1.79	1.79	1.99	1.99	1.99	1.99	1.93	1.93	1.93	1.93	1.73	1.73	1.73	1.73	1.59	1.59	1.59	1.587

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.58	$1.69	$1.30	$1.68	$2.12	$2.52	$2.15	$2.33	$2.61	$2.96	$3.59	$3.92	$4.23	$4.61	$5.50	$5.68	$6.09	$5.79	$6.42	$6.81	$6.81
Book Value/Share	$16.20	$19.04	$19.84	$19.17	$19.10	$19.09	$19.31	$19.10	$19.02	$22.11	$22.04	$21.80	$21.70	$26.58	$26.91	$24.78	$23.91	$29.73	$30.06	$31.57	$38.25
Tangible Book/Share	$7.81	$8.45	$8.81	$8.51	$8.48	$8.47	$8.57	$8.47	$8.44	$11.47	$11.44	$11.31	$11.26	$16.59	$16.79	$15.46	$14.92	$21.72	$21.96	$23.06	$23.06
Revenue/Share	$33.78	$36.37	$38.61	$38.11	$38.66	$39.62	$40.68	$41.38	$42.35	$42.88	$44.03	$44.61	$45.57	$46.10	$48.30	$46.21	$46.48	$48.33	$50.28	$53.76	$59.07
FCF/Share	$1.06	$1.94	$1.54	$3.44	$3.30	$3.27	$3.00	$3.95	$3.82	$3.19	$3.38	$3.64	$3.22	$4.91	$4.85	$5.78	$5.27	$7.78	$6.63	$4.48	$8.73
OCF/Share	$2.12	$3.18	$2.89	$4.82	$4.85	$4.86	$4.64	$5.63	$5.42	$4.74	$4.91	$5.06	$4.66	$6.30	$6.23	$6.79	$6.24	$8.70	$7.70	$5.58	$10.00
Cash/Share	$5.09	$9.15	$9.53	$9.21	$9.17	$9.15	$9.25	$9.15	$9.12	$12.20	$12.16	$12.03	$11.97	$15.65	$15.84	$14.59	$14.08	$19.80	$20.02	$21.02	$18.77
EBITDA/Share	$4.13	$4.80	$4.66	$5.06	$5.57	$5.98	$5.58	$5.84	$6.25	$6.77	$7.66	$7.98	$8.39	$8.73	$9.93	$10.04	$10.58	$10.22	$10.96	$11.66	$11.66
Debt/Share	$5.64	$11.04	$11.50	$11.11	$11.07	$13.29	$13.44	$13.30	$13.24	$12.69	$12.65	$12.51	$12.46	$11.94	$12.08	$11.13	$10.74	$11.05	$11.17	$11.73	$11.73
Net Debt/Share	$0.55	$1.89	$1.97	$1.90	$1.89	$4.14	$4.19	$4.14	$4.13	$0.49	$0.49	$0.49	$0.48	$-3.71	$-3.75	$-3.46	$-3.34	$-8.75	$-8.85	$-9.29	$-9.29

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.167
Altman Z-Prime	snapshot only																				10.181
Piotroski F-Score	7	8	7	8	7	8	7	8	8	7	8	8	8	7	8	8	8	8	7	8	8
Beneish M-Score	-2.19	-2.24	-2.08	-2.34	-2.27	-2.67	-2.67	-2.79	-2.72	-2.54	-2.59	-2.54	-2.44	-2.62	-2.56	-2.57	-2.48	-2.62	-2.45	-2.21	-2.206
Ohlson O-Score	snapshot only																				-9.728
ROIC (Greenblatt)	snapshot only																				29.99%
Net-Net WC	snapshot only																				$17.46
EVA	snapshot only																				$205159846.81

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	78.93	67.82	68.49	74.66	82.43	82.10	81.97	82.96	82.05	84.25	86.68	90.71	89.46	93.80	93.81	92.85	93.48	92.46	92.55	94.31	94.310
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				1.464
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				91
Sector Credit Rank	snapshot only																				87

LRN NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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