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Operates for-profit universities and medical/veterinary schools (Chamberlain, Walden, Ross) training nurses and health professionals.
Operates for-profit universities and medical/veterinary schools (Chamberlain, Walden, Ross) training nurses and health professionals.
Paid tuition by students, much of it funded through US federal student-aid programmes, so enrolment, accreditation and Education Department rules are the main swing factors. The company was previously Adtalem Global Education and has narrowed its focus to healthcare education by selling non-health education units.
Moat: narrow (brand, regulatory licence, scale). Accredited healthcare-focused programs address a persistent nursing/medical shortage, but enrollment is regulation-sensitive.
Headquarters: Chicago, Illinois, United States · Employees: 10,680
Size Covista (CVSA) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $3.67B, the 1399th largest of 3,117 United States companies the cockpit tracks. Shares closed at $110.32 on 6 Nov 2026.
Performance Over six months the shares fell 17.5%, against +0.2% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +11.2%); the operating margin is 20.1% (peer median 11.9%).
Valuation It trades at 12.0× forward earnings against a peer median of 16.4× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.6 points above its cost of capital (7.8% WACC).
Short interest Short interest is 8.2% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $2.00B | $1.95B | $1.79B | $1.58B | $1.45B |
| Revenue growth | — | +9% | +13% | +9% | — |
| Gross profit | $1.22B | $1.18B | $1.07B | $904M | $774M |
| EBITDA | $484M | $473M | $431M | $380M | $377M |
| Net income | $278M | $267M | $233M | $137M | $96.9M |
| Free cash flow | $355M | $393M | $288M | $247M | $166M |
| Capital expenditure | $99.3M | $77.7M | $50.3M | $48.9M | $26.0M |
| Total debt | $754M | $905M | $774M | $848M | $896M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Covista CVSA | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% |
| Perdoceo Education PRDO | $1.68B | -25% | +12% | 25% | 9.1× | -16.0% |
| Strategic Education STRA | $1.16B | -35% | +4% | 16% | 7.9× | -12.6% |
| Grand Canyon Education LOPE | $3.07B | -29% | +7% | 28% | 11.1× | -7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CVSA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.3% | +6.4% | 2nd lowest of 21 |
| 6-month return | -17.5% | +0.2% | 5th lowest of 21 |
| Distance from 52-week high | -22.4% | -19.3% | 10th lowest of 21 |
| Revenue growth (TTM) | +9.3% | +11.2% | 10th lowest of 21 |
| Operating margin | 20.1% | 11.9% | 5th highest of 21 |
| Forward P/E | 12.0× | 16.4× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -3.7% | 5.6% | 6th least demanding of 19 |
| Growth delivered (Del g) | +16.6% | +14.3% | 8th highest of 19 |
| Hurdle (Req g minus delivered) | -20.3 pp | -15.7 pp | 8th least demanding of 19 |
| ROIC minus cost of capital | +8.6 pp | +6.2 pp | 9th highest of 20 |
| EV / EBITDA | 8.6× | 10.5× | 8th cheapest of 19 |
| Net debt / EBITDA | 1.1× | 1.5× | 9th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Valvoline VVV | United States | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% | -6.2% |
| Planet Fitness PLNT | United States | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% | +26.6% |
| Kakaku.com 2371.T | Japan | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% | +13.0% |
| Graham GHC | United States | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% | +11.2% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |
| H&R Block HRB | United States | $6.45B | +43% | +5% | 24% | 8.4× | -15.4% | +2.9% |
| Driven Brands DRVN | United States | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% | +15.5% |
| Park24 4666.T | Japan | $1.93B | -2% | +4% | 10% | 6.8× | -5.2% | +8.6% |
| Andersen ANDG | United States | $7.34B | +78% | +18% | 14% | 32.4× | 29.0% | +18.0% |
| New Oriental Education & Technology 9901.HK | Hong Kong | $7.58B | -3% | +21% | 12% | 12.8× | -16.4% | +5.9% |