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AMERICAN PUBLIC EDUCATION INC（APEI）与Ribbon Communications Inc.（RBBN）财务数据对比。点击上方公司名可切换其他公司
Ribbon Communications Inc.的季度营收约是AMERICAN PUBLIC EDUCATION INC的1.0倍（$162.6M vs $158.3M），Ribbon Communications Inc.净利率更高（54.8% vs 8.0%，领先46.8%），AMERICAN PUBLIC EDUCATION INC同比增速更快（-3.5% vs -10.3%），过去两年AMERICAN PUBLIC EDUCATION INC的营收复合增速更高（1.3% vs -8.1%）
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。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
APEI vs RBBN — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $162.6M |
| 净利润 | $12.6M | $89.1M |
| 毛利率 | 56.4% | 42.9% |
| 营业利润率 | 12.0% | 37.6% |
| 净利率 | 8.0% | 54.8% |
| 营收同比 | -3.5% | -10.3% |
| 净利润同比 | -2.7% | — |
| 每股收益（稀释后） | $0.67 | $0.50 |
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
| Q1 26 | — | $162.6M | ||
| Q4 25 | $158.3M | $227.3M | ||
| Q3 25 | $163.2M | $215.4M | ||
| Q2 25 | $162.8M | $220.6M | ||
| Q1 25 | $164.6M | $181.3M | ||
| Q4 24 | $164.1M | $251.4M | ||
| Q3 24 | $153.1M | $210.2M | ||
| Q2 24 | $152.9M | $192.6M |
| Q1 26 | — | $89.1M | ||
| Q4 25 | $12.6M | — | ||
| Q3 25 | $5.6M | $-12.1M | ||
| Q2 25 | $4.5M | $-11.1M | ||
| Q1 25 | $8.9M | $-26.2M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $2.3M | $-13.4M | ||
| Q2 24 | $371.0K | $-16.8M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | 56.4% | 53.3% | ||
| Q3 25 | 54.2% | 50.1% | ||
| Q2 25 | 51.8% | 49.6% | ||
| Q1 25 | 54.5% | 45.4% | ||
| Q4 24 | 56.3% | 55.7% | ||
| Q3 24 | 50.8% | 52.1% | ||
| Q2 24 | 50.2% | 50.8% |
| Q1 26 | — | 37.6% | ||
| Q4 25 | 12.0% | 4.1% | ||
| Q3 25 | 5.9% | 1.3% | ||
| Q2 25 | 4.3% | 1.9% | ||
| Q1 25 | 7.4% | -10.8% | ||
| Q4 24 | 13.1% | 13.2% | ||
| Q3 24 | 2.7% | -0.4% | ||
| Q2 24 | 1.5% | -1.0% |
| Q1 26 | — | 54.8% | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 3.4% | -5.6% | ||
| Q2 25 | 2.8% | -5.0% | ||
| Q1 25 | 5.4% | -14.5% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 1.5% | -6.4% | ||
| Q2 24 | 0.2% | -8.7% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.67 | $0.50 | ||
| Q3 25 | $0.30 | $-0.07 | ||
| Q2 25 | $-0.02 | $-0.06 | ||
| Q1 25 | $0.41 | $-0.15 | ||
| Q4 24 | $0.63 | $0.05 | ||
| Q3 24 | $0.04 | $-0.08 | ||
| Q2 24 | $-0.06 | $-0.10 |
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 | $67.6M |
| 总债务越低越好 | $94.7M | — |
| 股东权益账面价值 | $294.8M | $419.1M |
| 总资产 | $521.4M | — |
| 负债/权益比越低杠杆越低 | 0.32× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $67.6M | ||
| Q4 25 | $174.1M | $96.4M | ||
| Q3 25 | $191.3M | $74.8M | ||
| Q2 25 | $174.9M | $60.5M | ||
| Q1 25 | $161.6M | $71.2M | ||
| Q4 24 | $131.9M | $87.8M | ||
| Q3 24 | $135.4M | $37.2M | ||
| Q2 24 | $129.8M | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | $94.7M | $342.1M | ||
| Q3 25 | $94.4M | $344.3M | ||
| Q2 25 | $94.1M | $346.5M | ||
| Q1 25 | $93.7M | $347.4M | ||
| Q4 24 | $93.4M | $348.3M | ||
| Q3 24 | $93.1M | $349.1M | ||
| Q2 24 | $92.8M | $350.0M |
| Q1 26 | — | $419.1M | ||
| Q4 25 | $294.8M | $449.0M | ||
| Q3 25 | $279.3M | $360.1M | ||
| Q2 25 | $272.2M | $370.4M | ||
| Q1 25 | $310.0M | $381.8M | ||
| Q4 24 | $303.9M | $404.6M | ||
| Q3 24 | $290.4M | $395.5M | ||
| Q2 24 | $288.7M | $405.0M |
| Q1 26 | — | — | ||
| Q4 25 | $521.4M | $1.2B | ||
| Q3 25 | $525.3M | $1.1B | ||
| Q2 25 | $537.4M | $1.1B | ||
| Q1 25 | $578.7M | $1.1B | ||
| Q4 24 | $570.1M | $1.2B | ||
| Q3 24 | $569.6M | $1.1B | ||
| Q2 24 | $560.7M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.32× | 0.76× | ||
| Q3 25 | 0.34× | 0.96× | ||
| Q2 25 | 0.35× | 0.94× | ||
| Q1 25 | 0.30× | 0.91× | ||
| Q4 24 | 0.31× | 0.86× | ||
| Q3 24 | 0.32× | 0.88× | ||
| Q2 24 | 0.32× | 0.86× |
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 | — |
| 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
| Q1 26 | — | — | ||
| Q4 25 | $-11.6M | $29.2M | ||
| Q3 25 | $21.7M | $26.5M | ||
| Q2 25 | $14.8M | $-795.0K | ||
| Q1 25 | $37.0M | $-3.5M | ||
| Q4 24 | $1.6M | $61.8M | ||
| Q3 24 | $14.1M | $-14.8M | ||
| Q2 24 | $12.5M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-15.6M | $27.3M | ||
| Q3 25 | $17.5M | $21.0M | ||
| Q2 25 | $11.1M | $-6.5M | ||
| Q1 25 | $33.1M | $-15.7M | ||
| Q4 24 | $-1.8M | $53.8M | ||
| Q3 24 | $7.8M | $-23.7M | ||
| Q2 24 | $7.3M | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | -9.9% | 12.0% | ||
| Q3 25 | 10.7% | 9.7% | ||
| Q2 25 | 6.8% | -2.9% | ||
| Q1 25 | 20.1% | -8.7% | ||
| Q4 24 | -1.1% | 21.4% | ||
| Q3 24 | 5.1% | -11.3% | ||
| Q2 24 | 4.7% | -6.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.9% | ||
| Q3 25 | 2.6% | 2.6% | ||
| Q2 25 | 2.3% | 2.6% | ||
| Q1 25 | 2.4% | 6.7% | ||
| Q4 24 | 2.0% | 3.2% | ||
| Q3 24 | 4.1% | 4.2% | ||
| Q2 24 | 3.4% | 1.6% |
| Q1 26 | — | — | ||
| 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× | — |
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% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
