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AMERICAN PUBLIC EDUCATION INC（APEI）与劳瑞德教育集团（LAUR）财务数据对比。点击上方公司名可切换其他公司
劳瑞德教育集团的季度营收约是AMERICAN PUBLIC EDUCATION INC的3.4倍（$541.4M vs $158.3M）。劳瑞德教育集团净利率更高（31.7% vs 8.0%，领先23.7%）。劳瑞德教育集团同比增速更快（27.9% vs -3.5%）。劳瑞德教育集团自由现金流更多（$26.4M vs $-15.6M）。过去两年劳瑞德教育集团的营收复合增速更高（40.2% 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。
劳瑞德教育集团是总部位于美国佛罗里达州迈阿密的教育运营企业，旗下拥有并运营劳瑞德国际大学体系，在墨西哥、秘鲁设有多个校区，目前于纳斯达克证券交易所公开上市。
APEI vs LAUR — 直观对比
营收规模更大
LAUR
是对方的3.4倍
$158.3M
营收增速更快
LAUR
高出31.4%
-3.5%
净利率更高
LAUR
高出23.7%
8.0%
自由现金流更多
LAUR
多$42.0M
$-15.6M
两年增速更快
LAUR
近两年复合增速
1.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $541.4M |
| 净利润 | $12.6M | $171.6M |
| 毛利率 | 56.4% | 35.8% |
| 营业利润率 | 12.0% | 33.2% |
| 净利率 | 8.0% | 31.7% |
| 营收同比 | -3.5% | 27.9% |
| 净利润同比 | -2.7% | 83.2% |
| 每股收益（稀释后） | $0.67 | $1.14 |
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APEILAUR
| Q4 25 | $158.3M | $541.4M | ||
| Q3 25 | $163.2M | $400.2M | ||
| Q2 25 | $162.8M | $524.2M | ||
| Q1 25 | $164.6M | $236.2M | ||
| Q4 24 | $164.1M | $423.4M | ||
| Q3 24 | $153.1M | $368.6M | ||
| Q2 24 | $152.9M | $499.2M | ||
| Q1 24 | $154.4M | $275.4M |
净利润APEILAUR
| Q4 25 | $12.6M | $171.6M | ||
| Q3 25 | $5.6M | $34.5M | ||
| Q2 25 | $4.5M | $95.1M | ||
| Q1 25 | $8.9M | $-19.5M | ||
| Q4 24 | $13.0M | $93.6M | ||
| Q3 24 | $2.3M | $85.5M | ||
| Q2 24 | $371.0K | $128.1M | ||
| Q1 24 | $516.0K | $-10.8M |
毛利率APEILAUR
| Q4 25 | 56.4% | 35.8% | ||
| Q3 25 | 54.2% | 20.9% | ||
| Q2 25 | 51.8% | 39.5% | ||
| Q1 25 | 54.5% | -0.9% | ||
| Q4 24 | 56.3% | 32.0% | ||
| Q3 24 | 50.8% | 22.4% | ||
| Q2 24 | 50.2% | 36.1% | ||
| Q1 24 | 53.1% | 7.8% |
营业利润率APEILAUR
| Q4 25 | 12.0% | 33.2% | ||
| Q3 25 | 5.9% | 17.9% | ||
| Q2 25 | 4.3% | 36.9% | ||
| Q1 25 | 7.4% | -5.6% | ||
| Q4 24 | 13.1% | 29.3% | ||
| Q3 24 | 2.7% | 19.5% | ||
| Q2 24 | 1.5% | 33.4% | ||
| Q1 24 | 3.4% | 4.0% |
净利率APEILAUR
| Q4 25 | 8.0% | 31.7% | ||
| Q3 25 | 3.4% | 8.6% | ||
| Q2 25 | 2.8% | 18.1% | ||
| Q1 25 | 5.4% | -8.3% | ||
| Q4 24 | 7.9% | 22.1% | ||
| Q3 24 | 1.5% | 23.2% | ||
| Q2 24 | 0.2% | 25.7% | ||
| Q1 24 | 0.3% | -3.9% |
每股收益（稀释后）APEILAUR
| Q4 25 | $0.67 | $1.14 | ||
| Q3 25 | $0.30 | $0.23 | ||
| Q2 25 | $-0.02 | $0.65 | ||
| Q1 25 | $0.41 | $-0.13 | ||
| Q4 24 | $0.63 | $0.60 | ||
| Q3 24 | $0.04 | $0.56 | ||
| Q2 24 | $-0.06 | $0.83 | ||
| Q1 24 | $-0.06 | $-0.07 |
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 | $146.7M |
| 总债务越低越好 | $94.7M | $73.1M |
| 股东权益账面价值 | $294.8M | $1.2B |
| 总资产 | $521.4M | $2.2B |
| 负债/权益比越低杠杆越低 | 0.32× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资APEILAUR
| Q4 25 | $174.1M | $146.7M | ||
| Q3 25 | $191.3M | $241.0M | ||
| Q2 25 | $174.9M | $135.3M | ||
| Q1 25 | $161.6M | $109.8M | ||
| Q4 24 | $131.9M | $91.3M | ||
| Q3 24 | $135.4M | $134.4M | ||
| Q2 24 | $129.8M | $128.8M | ||
| Q1 24 | $125.3M | $126.2M |
总债务APEILAUR
| Q4 25 | $94.7M | $73.1M | ||
| Q3 25 | $94.4M | $70.6M | ||
| Q2 25 | $94.1M | $78.1M | ||
| Q1 25 | $93.7M | $91.0M | ||
| Q4 24 | $93.4M | $59.0M | ||
| Q3 24 | $93.1M | $129.8M | ||
| Q2 24 | $92.8M | $203.0M | ||
| Q1 24 | $95.0M | $176.6M |
股东权益APEILAUR
| Q4 25 | $294.8M | $1.2B | ||
| Q3 25 | $279.3M | $1.1B | ||
| Q2 25 | $272.2M | $1.1B | ||
| Q1 25 | $310.0M | $908.5M | ||
| Q4 24 | $303.9M | $959.5M | ||
| Q3 24 | $290.4M | $897.7M | ||
| Q2 24 | $288.7M | $918.0M | ||
| Q1 24 | $288.5M | $933.6M |
总资产APEILAUR
| Q4 25 | $521.4M | $2.2B | ||
| Q3 25 | $525.3M | $2.1B | ||
| Q2 25 | $537.4M | $2.0B | ||
| Q1 25 | $578.7M | $1.9B | ||
| Q4 24 | $570.1M | $1.9B | ||
| Q3 24 | $569.6M | $1.9B | ||
| Q2 24 | $560.7M | $2.1B | ||
| Q1 24 | $559.0M | $2.2B |
负债/权益比APEILAUR
| Q4 25 | 0.32× | 0.06× | ||
| Q3 25 | 0.34× | 0.06× | ||
| Q2 25 | 0.35× | 0.07× | ||
| Q1 25 | 0.30× | 0.10× | ||
| Q4 24 | 0.31× | 0.06× | ||
| Q3 24 | 0.32× | 0.14× | ||
| Q2 24 | 0.32× | 0.22× | ||
| Q1 24 | 0.33× | 0.19× |
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 | $93.4M |
| 自由现金流经营现金流 - 资本支出 | $-15.6M | $26.4M |
| 自由现金流率自由现金流/营收 | -9.9% | 4.9% |
| 资本支出强度资本支出/营收 | 2.6% | 12.4% |
| 现金转化率经营现金流/净利润 | -0.92× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $46.1M | $263.1M |
8季度趋势，按日历期对齐
经营现金流APEILAUR
| Q4 25 | $-11.6M | $93.4M | ||
| Q3 25 | $21.7M | $141.0M | ||
| Q2 25 | $14.8M | $74.1M | ||
| Q1 25 | $37.0M | $57.8M | ||
| Q4 24 | $1.6M | $40.7M | ||
| Q3 24 | $14.1M | $118.7M | ||
| Q2 24 | $12.5M | $40.2M | ||
| Q1 24 | $20.7M | $33.2M |
自由现金流APEILAUR
| Q4 25 | $-15.6M | $26.4M | ||
| Q3 25 | $17.5M | $122.8M | ||
| Q2 25 | $11.1M | $60.8M | ||
| Q1 25 | $33.1M | $53.2M | ||
| Q4 24 | $-1.8M | $3.4M | ||
| Q3 24 | $7.8M | $110.7M | ||
| Q2 24 | $7.3M | $29.5M | ||
| Q1 24 | $14.5M | $17.3M |
自由现金流率APEILAUR
| Q4 25 | -9.9% | 4.9% | ||
| Q3 25 | 10.7% | 30.7% | ||
| Q2 25 | 6.8% | 11.6% | ||
| Q1 25 | 20.1% | 22.5% | ||
| Q4 24 | -1.1% | 0.8% | ||
| Q3 24 | 5.1% | 30.0% | ||
| Q2 24 | 4.7% | 5.9% | ||
| Q1 24 | 9.4% | 6.3% |
资本支出强度APEILAUR
| Q4 25 | 2.6% | 12.4% | ||
| Q3 25 | 2.6% | 4.5% | ||
| Q2 25 | 2.3% | 2.5% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 2.0% | 8.8% | ||
| Q3 24 | 4.1% | 2.2% | ||
| Q2 24 | 3.4% | 2.1% | ||
| Q1 24 | 4.0% | 5.8% |
现金转化率APEILAUR
| Q4 25 | -0.92× | 0.54× | ||
| Q3 25 | 3.90× | 4.09× | ||
| Q2 25 | 3.29× | 0.78× | ||
| Q1 25 | 4.16× | — | ||
| Q4 24 | 0.12× | 0.43× | ||
| Q3 24 | 6.22× | 1.39× | ||
| Q2 24 | 33.57× | 0.31× | ||
| 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% |
LAUR
| Mexico Segment | $275.9M | 51% |
| Peru Segment | $265.5M | 49% |
