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AMERICAN PUBLIC EDUCATION INC（APEI）与Doximity, Inc.（DOCS）财务数据对比。点击上方公司名可切换其他公司
Doximity, Inc.的季度营收约是AMERICAN PUBLIC EDUCATION INC的1.2倍（$185.1M vs $158.3M），Doximity, Inc.净利率更高（33.3% vs 8.0%，领先25.3%），Doximity, Inc.同比增速更快（9.8% vs -3.5%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs 1.3%）
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。
Doximity Inc成立于2010年，是面向医疗专业人士的线上社交服务平台，为平台会员提供精选医疗资讯、远程医疗工具，以及病例协作相关功能，助力医疗从业者高效交流信息、开展诊疗相关工作。
APEI vs DOCS — 直观对比
营收规模更大
DOCS
是对方的1.2倍
$158.3M
营收增速更快
DOCS
高出13.3%
-3.5%
净利率更高
DOCS
高出25.3%
8.0%
两年增速更快
DOCS
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $185.1M |
| 净利润 | $12.6M | $61.6M |
| 毛利率 | 56.4% | 89.9% |
| 营业利润率 | 12.0% | 38.9% |
| 净利率 | 8.0% | 33.3% |
| 营收同比 | -3.5% | 9.8% |
| 净利润同比 | -2.7% | -18.1% |
| 每股收益（稀释后） | $0.67 | $0.31 |
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APEIDOCS
| Q4 25 | $158.3M | $185.1M | ||
| Q3 25 | $163.2M | $168.5M | ||
| Q2 25 | $162.8M | $145.9M | ||
| Q1 25 | $164.6M | $138.3M | ||
| Q4 24 | $164.1M | $168.6M | ||
| Q3 24 | $153.1M | $136.8M | ||
| Q2 24 | $152.9M | $126.7M | ||
| Q1 24 | $154.4M | $118.1M |
净利润APEIDOCS
| Q4 25 | $12.6M | $61.6M | ||
| Q3 25 | $5.6M | $62.1M | ||
| Q2 25 | $4.5M | $53.3M | ||
| Q1 25 | $8.9M | $62.5M | ||
| Q4 24 | $13.0M | $75.2M | ||
| Q3 24 | $2.3M | $44.2M | ||
| Q2 24 | $371.0K | $41.4M | ||
| Q1 24 | $516.0K | $40.6M |
毛利率APEIDOCS
| Q4 25 | 56.4% | 89.9% | ||
| Q3 25 | 54.2% | 90.3% | ||
| Q2 25 | 51.8% | 89.2% | ||
| Q1 25 | 54.5% | 89.5% | ||
| Q4 24 | 56.3% | 91.6% | ||
| Q3 24 | 50.8% | 90.0% | ||
| Q2 24 | 50.2% | 89.3% | ||
| Q1 24 | 53.1% | 89.4% |
营业利润率APEIDOCS
| Q4 25 | 12.0% | 38.9% | ||
| Q3 25 | 5.9% | 37.8% | ||
| Q2 25 | 4.3% | 37.4% | ||
| Q1 25 | 7.4% | 35.2% | ||
| Q4 24 | 13.1% | 47.4% | ||
| Q3 24 | 2.7% | 38.8% | ||
| Q2 24 | 1.5% | 36.4% | ||
| Q1 24 | 3.4% | 35.5% |
净利率APEIDOCS
| Q4 25 | 8.0% | 33.3% | ||
| Q3 25 | 3.4% | 36.8% | ||
| Q2 25 | 2.8% | 36.5% | ||
| Q1 25 | 5.4% | 45.2% | ||
| Q4 24 | 7.9% | 44.6% | ||
| Q3 24 | 1.5% | 32.3% | ||
| Q2 24 | 0.2% | 32.7% | ||
| Q1 24 | 0.3% | 34.4% |
每股收益（稀释后）APEIDOCS
| Q4 25 | $0.67 | $0.31 | ||
| Q3 25 | $0.30 | $0.31 | ||
| Q2 25 | $-0.02 | $0.27 | ||
| Q1 25 | $0.41 | $0.31 | ||
| Q4 24 | $0.63 | $0.37 | ||
| Q3 24 | $0.04 | $0.22 | ||
| Q2 24 | $-0.06 | $0.21 | ||
| Q1 24 | $-0.06 | $0.20 |
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 | $64.8M |
| 总债务越低越好 | $94.7M | — |
| 股东权益账面价值 | $294.8M | $979.3M |
| 总资产 | $521.4M | $1.2B |
| 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APEIDOCS
| Q4 25 | $174.1M | $64.8M | ||
| Q3 25 | $191.3M | $169.2M | ||
| Q2 25 | $174.9M | $137.3M | ||
| Q1 25 | $161.6M | $209.6M | ||
| Q4 24 | $131.9M | $165.3M | ||
| Q3 24 | $135.4M | $184.2M | ||
| Q2 24 | $129.8M | $111.4M | ||
| Q1 24 | $125.3M | $96.8M |
总债务APEIDOCS
| Q4 25 | $94.7M | — | ||
| Q3 25 | $94.4M | — | ||
| Q2 25 | $94.1M | — | ||
| Q1 25 | $93.7M | — | ||
| Q4 24 | $93.4M | — | ||
| Q3 24 | $93.1M | — | ||
| Q2 24 | $92.8M | — | ||
| Q1 24 | $95.0M | — |
股东权益APEIDOCS
| Q4 25 | $294.8M | $979.3M | ||
| Q3 25 | $279.3M | $1.1B | ||
| Q2 25 | $272.2M | $1.0B | ||
| Q1 25 | $310.0M | $1.1B | ||
| Q4 24 | $303.9M | $1.0B | ||
| Q3 24 | $290.4M | $961.2M | ||
| Q2 24 | $288.7M | $913.6M | ||
| Q1 24 | $288.5M | $901.4M |
总资产APEIDOCS
| Q4 25 | $521.4M | $1.2B | ||
| Q3 25 | $525.3M | $1.3B | ||
| Q2 25 | $537.4M | $1.2B | ||
| Q1 25 | $578.7M | $1.3B | ||
| Q4 24 | $570.1M | $1.2B | ||
| Q3 24 | $569.6M | $1.1B | ||
| Q2 24 | $560.7M | $1.1B | ||
| Q1 24 | $559.0M | $1.1B |
负债/权益比APEIDOCS
| Q4 25 | 0.32× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | 0.33× | — |
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 | $60.9M |
| 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× | 0.99× |
| 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APEIDOCS
| Q4 25 | $-11.6M | $60.9M | ||
| Q3 25 | $21.7M | $93.9M | ||
| Q2 25 | $14.8M | $62.1M | ||
| Q1 25 | $37.0M | $98.5M | ||
| Q4 24 | $1.6M | $65.2M | ||
| Q3 24 | $14.1M | $68.3M | ||
| Q2 24 | $12.5M | $41.2M | ||
| Q1 24 | $20.7M | $63.9M |
自由现金流APEIDOCS
| 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APEIDOCS
| 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APEIDOCS
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.4% | 0.0% | ||
| Q4 24 | 2.0% | 0.0% | ||
| Q3 24 | 4.1% | 0.0% | ||
| Q2 24 | 3.4% | 0.0% | ||
| Q1 24 | 4.0% | 0.0% |
现金转化率APEIDOCS
| Q4 25 | -0.92× | 0.99× | ||
| Q3 25 | 3.90× | 1.51× | ||
| Q2 25 | 3.29× | 1.16× | ||
| Q1 25 | 4.16× | 1.58× | ||
| Q4 24 | 0.12× | 0.87× | ||
| Q3 24 | 6.22× | 1.55× | ||
| Q2 24 | 33.57× | 1.00× | ||
| Q1 24 | 40.20× | 1.57× |
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% |
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
