Forbes names Grand Canyon Education second-best small company in America
Parent of Grand Canyon University earns No. 2 national ranking for second
PHOENIX, Oct. 10, 2013
PHOENIX, Oct. 10, 2013 /PRNewswire/ --Grand Canyon University has been named
the second-best small company in the nation for the second straight year by
Grand Canyon Education, the parent company of GCU, trailed only Questcor
Pharmaceuticals of California in Forbes' annual rankings of the best small
companies in America.
"With sales in the past 12 months of $558 million and a marketcap of $1.84
billion, they're schooling the competition," Forbes wrote about GCU.
Forbes' rankings are based on earnings growth, sales growth, return on equity
and stock performance. Publicly traded firms with less than $1 billion in
annual revenue are eligible for the list.
"It's just a testament to a lot of hard work by a lot of people here at Grand
Canyon University," Brian Mueller, GCU's president and CEO, said of the
ranking. "Everything that we've been able to accomplish in a short amount of
time is a reflection of that.
"People here care about doing what's best for our students, they care about
what's best for our community and they find satisfaction in knowing they are
working for a university that has a larger purpose and is doing a lot of good
in the world."
Ground campus enrollment at the private Christian university in the heart of
Phoenix has tripled since 2010, to 8,500 students in 2013-14. GCU also has
47,000 students in its engaging online program, of which well over 40 percent
are studying at the graduate level.
From 2009-12, GCU invested $308 million in capital expenditures in the
university – well above its after-tax income of $182.5 million during that
four-year period. An additional $100 million in capital expenditures is
earmarked for 2013-14.
The growth has come without increasing tuition for campus students. Tuition
has remained at $16,500 per year since 2009, although most students pay far
less. Thanks to extensive academic, athletic and transfer scholarships, the
average GCU student pays $7,800 per year in tuition.
Grand Canyon University was founded in 1949 and is Arizona's premier private
Christian university. GCU is regionally accredited and emphasizes individual
attention for both traditional undergraduate students and the working
professional in seven colleges: the Ken Blanchard College of Business, the
College of Education, the College of Nursing and Health Care Professions, the
College of Arts and Sciences, the College of Theology, the College of Fine
Arts and Production, and the College of Doctoral Studies. GCU offers
traditional programs on its growing campus, as well as online bachelor's,
master's and doctoral degree programs. The University's curriculum fuses
academic and clinical rigor with Christian values to prepare its students to
be skilled, caring professionals. For more information about GCU, visit
SOURCE Grand Canyon University
Contact: Bob Romantic, Media Relations Manager, Grand Canyon University,
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