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AMERICAN PUBLIC EDUCATION INC（APEI）与Boxlight Corp（BOXL）财务数据对比。点击上方公司名可切换其他公司
AMERICAN PUBLIC EDUCATION INC的季度营收约是Boxlight Corp的5.4倍（$158.3M vs $29.3M）。AMERICAN PUBLIC EDUCATION INC净利率更高（8.0% vs -21.1%，领先29.0%）。AMERICAN PUBLIC EDUCATION INC同比增速更快（-3.5% vs -19.2%）。过去两年AMERICAN PUBLIC EDUCATION INC的营收复合增速更高（1.3% vs -23.1%）
美国公共教育公司（股票代码APEI）旗下控股教育服务企业Strategic Education Inc，运营着卡佩拉大学、斯特雷耶大学两所营利性在线大学，还拥有DevMountain、Hackbright Academy、Sophia Learning等非学历教育项目，主营面向在职人群的成人教育服务。
Boxlight Corp是全球互动技术解决方案供应商，主营交互式平板显示器、投影仪、协作软件及教育技术配件，主要服务K12、高等教育机构及企业、政府客户，产品覆盖北美、欧洲、亚太等市场，专注提升教学及协作效率。
APEI vs BOXL — 直观对比
营收规模更大
APEI
是对方的5.4倍
$29.3M
营收增速更快
APEI
高出15.6%
-19.2%
净利率更高
APEI
高出29.0%
-21.1%
两年增速更快
APEI
近两年复合增速
-23.1%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $29.3M |
| 净利润 | $12.6M | $-6.2M |
| 毛利率 | 56.4% | 29.1% |
| 营业利润率 | 12.0% | -13.4% |
| 净利率 | 8.0% | -21.1% |
| 营收同比 | -3.5% | -19.2% |
| 净利润同比 | -2.7% | -102.0% |
| 每股收益（稀释后） | $0.67 | $-1.88 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APEIBOXL
| Q4 25 | $158.3M | — | ||
| Q3 25 | $163.2M | $29.3M | ||
| Q2 25 | $162.8M | $30.9M | ||
| Q1 25 | $164.6M | — | ||
| Q4 24 | $164.1M | $24.0M | ||
| Q3 24 | $153.1M | $36.3M | ||
| Q2 24 | $152.9M | $38.5M | ||
| Q1 24 | $154.4M | $37.1M |
净利润APEIBOXL
| Q4 25 | $12.6M | — | ||
| Q3 25 | $5.6M | $-6.2M | ||
| Q2 25 | $4.5M | $-4.7M | ||
| Q1 25 | $8.9M | — | ||
| Q4 24 | $13.0M | $-16.7M | ||
| Q3 24 | $2.3M | $-3.1M | ||
| Q2 24 | $371.0K | $-1.5M | ||
| Q1 24 | $516.0K | $-7.1M |
毛利率APEIBOXL
| Q4 25 | 56.4% | — | ||
| Q3 25 | 54.2% | 29.1% | ||
| Q2 25 | 51.8% | 35.0% | ||
| Q1 25 | 54.5% | — | ||
| Q4 24 | 56.3% | 30.6% | ||
| Q3 24 | 50.8% | 33.8% | ||
| Q2 24 | 50.2% | 37.7% | ||
| Q1 24 | 53.1% | 34.5% |
营业利润率APEIBOXL
| Q4 25 | 12.0% | — | ||
| Q3 25 | 5.9% | -13.4% | ||
| Q2 25 | 4.3% | -12.7% | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | 13.1% | -67.6% | ||
| Q3 24 | 2.7% | -2.4% | ||
| Q2 24 | 1.5% | 3.2% | ||
| Q1 24 | 3.4% | -9.7% |
净利率APEIBOXL
| Q4 25 | 8.0% | — | ||
| Q3 25 | 3.4% | -21.1% | ||
| Q2 25 | 2.8% | -15.3% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 7.9% | -69.6% | ||
| Q3 24 | 1.5% | -8.4% | ||
| Q2 24 | 0.2% | -3.8% | ||
| Q1 24 | 0.3% | -19.1% |
每股收益（稀释后）APEIBOXL
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.30 | $-1.88 | ||
| Q2 25 | $-0.02 | $-1.53 | ||
| Q1 25 | $0.41 | — | ||
| Q4 24 | $0.63 | $-87.29 | ||
| Q3 24 | $0.04 | $-1.72 | ||
| Q2 24 | $-0.06 | $-0.92 | ||
| Q1 24 | $-0.06 | $-0.76 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $174.1M | $11.8M |
| 总债务越低越好 | $94.7M | $36.7M |
| 股东权益账面价值 | $294.8M | $-19.5M |
| 总资产 | $521.4M | $99.6M |
| 负债/权益比越低杠杆越低 | 0.32× | — |
8季度趋势，按日历期对齐
现金及短期投资APEIBOXL
| Q4 25 | $174.1M | — | ||
| Q3 25 | $191.3M | $11.8M | ||
| Q2 25 | $174.9M | $7.6M | ||
| Q1 25 | $161.6M | — | ||
| Q4 24 | $131.9M | $8.0M | ||
| Q3 24 | $135.4M | $10.5M | ||
| Q2 24 | $129.8M | $7.5M | ||
| Q1 24 | $125.3M | $11.8M |
总债务APEIBOXL
| Q4 25 | $94.7M | — | ||
| Q3 25 | $94.4M | $36.7M | ||
| Q2 25 | $94.1M | $39.0M | ||
| Q1 25 | $93.7M | — | ||
| Q4 24 | $93.4M | $37.1M | ||
| Q3 24 | $93.1M | $38.8M | ||
| Q2 24 | $92.8M | $40.3M | ||
| Q1 24 | $95.0M | $38.5M |
股东权益APEIBOXL
| Q4 25 | $294.8M | — | ||
| Q3 25 | $279.3M | $-19.5M | ||
| Q2 25 | $272.2M | $-20.6M | ||
| Q1 25 | $310.0M | — | ||
| Q4 24 | $303.9M | $-12.9M | ||
| Q3 24 | $290.4M | $6.5M | ||
| Q2 24 | $288.7M | $7.5M | ||
| Q1 24 | $288.5M | $9.1M |
总资产APEIBOXL
| Q4 25 | $521.4M | — | ||
| Q3 25 | $525.3M | $99.6M | ||
| Q2 25 | $537.4M | $99.2M | ||
| Q1 25 | $578.7M | — | ||
| Q4 24 | $570.1M | $115.3M | ||
| Q3 24 | $569.6M | $142.9M | ||
| Q2 24 | $560.7M | $141.3M | ||
| Q1 24 | $559.0M | $142.4M |
负债/权益比APEIBOXL
| Q4 25 | 0.32× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.32× | 5.93× | ||
| Q2 24 | 0.32× | 5.38× | ||
| Q1 24 | 0.33× | 4.23× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-11.6M | $1.3M |
| 自由现金流经营现金流 - 资本支出 | $-15.6M | — |
| 自由现金流率自由现金流/营收 | -9.9% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | -0.92× | — |
| 过去12个月自由现金流最近4个季度 | $46.1M | — |
8季度趋势，按日历期对齐
经营现金流APEIBOXL
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $21.7M | $1.3M | ||
| Q2 25 | $14.8M | — | ||
| Q1 25 | $37.0M | — | ||
| Q4 24 | $1.6M | $1.6M | ||
| Q3 24 | $14.1M | $5.2M | ||
| Q2 24 | $12.5M | $-5.4M | ||
| Q1 24 | $20.7M | $-1.9M |
自由现金流APEIBOXL
| Q4 25 | $-15.6M | — | ||
| Q3 25 | $17.5M | — | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $33.1M | — | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $14.5M | — |
自由现金流率APEIBOXL
| Q4 25 | -9.9% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 20.1% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 9.4% | — |
资本支出强度APEIBOXL
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 4.0% | — |
现金转化率APEIBOXL
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | — | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 6.22× | — | ||
| Q2 24 | 33.57× | — | ||
| Q1 24 | 40.20× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APEI
| American Public Education Inc Segment | $71.0M | 45% |
| Rasmussen University Segment | $66.6M | 42% |
| Hondros College Of Nursing Segment | $20.7M | 13% |
BOXL
| Products | $27.4M | 93% |
| Services | $2.0M | 7% |
