vs
AMERICAN PUBLIC EDUCATION INC（APEI）与RESOURCES CONNECTION, INC.（RGP）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RESOURCES CONNECTION, INC.的1.3倍（$158.3M vs $117.7M），AMERICAN PUBLIC EDUCATION INC净利率更高（8.0% vs -10.8%，领先18.7%），AMERICAN PUBLIC EDUCATION INC同比增速更快（-3.5% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-15.6M），过去两年AMERICAN PUBLIC EDUCATION INC的营收复合增速更高（1.3% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
APEI vs RGP — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $117.7M |
| 净利润 | $12.6M | $-12.7M |
| 毛利率 | 56.4% | 37.1% |
| 营业利润率 | 12.0% | -10.3% |
| 净利率 | 8.0% | -10.8% |
| 营收同比 | -3.5% | -19.2% |
| 净利润同比 | -2.7% | 81.6% |
| 每股收益（稀释后） | $0.67 | $-0.38 |
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
| Q4 25 | $158.3M | $117.7M | ||
| Q3 25 | $163.2M | $120.2M | ||
| Q2 25 | $162.8M | $139.3M | ||
| Q1 25 | $164.6M | $129.4M | ||
| Q4 24 | $164.1M | $145.6M | ||
| Q3 24 | $153.1M | $136.9M | ||
| Q2 24 | $152.9M | $148.2M | ||
| Q1 24 | $154.4M | $151.3M |
| Q4 25 | $12.6M | $-12.7M | ||
| Q3 25 | $5.6M | $-2.4M | ||
| Q2 25 | $4.5M | $-73.3M | ||
| Q1 25 | $8.9M | $-44.1M | ||
| Q4 24 | $13.0M | $-68.7M | ||
| Q3 24 | $2.3M | $-5.7M | ||
| Q2 24 | $371.0K | $10.5M | ||
| Q1 24 | $516.0K | $2.5M |
| Q4 25 | 56.4% | 37.1% | ||
| Q3 25 | 54.2% | 39.5% | ||
| Q2 25 | 51.8% | 40.2% | ||
| Q1 25 | 54.5% | 35.1% | ||
| Q4 24 | 56.3% | 38.5% | ||
| Q3 24 | 50.8% | 36.5% | ||
| Q2 24 | 50.2% | 40.2% | ||
| Q1 24 | 53.1% | 37.0% |
| Q4 25 | 12.0% | -10.3% | ||
| Q3 25 | 5.9% | -1.7% | ||
| Q2 25 | 4.3% | -47.0% | ||
| Q1 25 | 7.4% | -38.4% | ||
| Q4 24 | 13.1% | -52.7% | ||
| Q3 24 | 2.7% | -3.5% | ||
| Q2 24 | 1.5% | 7.6% | ||
| Q1 24 | 3.4% | 2.8% |
| Q4 25 | 8.0% | -10.8% | ||
| Q3 25 | 3.4% | -2.0% | ||
| Q2 25 | 2.8% | -52.6% | ||
| Q1 25 | 5.4% | -34.0% | ||
| Q4 24 | 7.9% | -47.2% | ||
| Q3 24 | 1.5% | -4.2% | ||
| Q2 24 | 0.2% | 7.1% | ||
| Q1 24 | 0.3% | 1.7% |
| Q4 25 | $0.67 | $-0.38 | ||
| Q3 25 | $0.30 | $-0.07 | ||
| Q2 25 | $-0.02 | $-2.21 | ||
| Q1 25 | $0.41 | $-1.34 | ||
| Q4 24 | $0.63 | $-2.08 | ||
| Q3 24 | $0.04 | $-0.17 | ||
| Q2 24 | $-0.06 | $0.31 | ||
| Q1 24 | $-0.06 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | $94.7M | — |
| 股东权益账面价值 | $294.8M | $194.6M |
| 总资产 | $521.4M | $289.3M |
| 负债/权益比越低杠杆越低 | 0.32× | — |
8季度趋势，按日历期对齐
| Q4 25 | $174.1M | $89.8M | ||
| Q3 25 | $191.3M | $77.5M | ||
| Q2 25 | $174.9M | $86.1M | ||
| Q1 25 | $161.6M | $72.5M | ||
| Q4 24 | $131.9M | $78.2M | ||
| Q3 24 | $135.4M | $89.6M | ||
| Q2 24 | $129.8M | $108.9M | ||
| Q1 24 | $125.3M | $113.8M |
| 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 | — |
| Q4 25 | $294.8M | $194.6M | ||
| Q3 25 | $279.3M | $206.4M | ||
| Q2 25 | $272.2M | $207.1M | ||
| Q1 25 | $310.0M | $277.8M | ||
| Q4 24 | $303.9M | $325.7M | ||
| Q3 24 | $290.4M | $407.2M | ||
| Q2 24 | $288.7M | $418.8M | ||
| Q1 24 | $288.5M | $414.9M |
| Q4 25 | $521.4M | $289.3M | ||
| Q3 25 | $525.3M | $287.2M | ||
| Q2 25 | $537.4M | $304.7M | ||
| Q1 25 | $578.7M | $375.6M | ||
| Q4 24 | $570.1M | $424.9M | ||
| Q3 24 | $569.6M | $512.9M | ||
| Q2 24 | $560.7M | $510.9M | ||
| Q1 24 | $559.0M | $523.2M |
| 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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-15.6M | $15.6M |
| 自由现金流率自由现金流/营收 | -9.9% | 13.2% |
| 资本支出强度资本支出/营收 | 2.6% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $-11.6M | $15.9M | ||
| Q3 25 | $21.7M | $-7.8M | ||
| Q2 25 | $14.8M | $16.8M | ||
| Q1 25 | $37.0M | $659.0K | ||
| Q4 24 | $1.6M | $1.8M | ||
| Q3 24 | $14.1M | $-309.0K | ||
| Q2 24 | $12.5M | $3.2M | ||
| Q1 24 | $20.7M | $20.5M |
| Q4 25 | $-15.6M | $15.6M | ||
| Q3 25 | $17.5M | $-8.0M | ||
| Q2 25 | $11.1M | $16.5M | ||
| Q1 25 | $33.1M | $238.0K | ||
| Q4 24 | $-1.8M | $61.0K | ||
| Q3 24 | $7.8M | $-575.0K | ||
| Q2 24 | $7.3M | $3.0M | ||
| Q1 24 | $14.5M | $20.4M |
| Q4 25 | -9.9% | 13.2% | ||
| Q3 25 | 10.7% | -6.6% | ||
| Q2 25 | 6.8% | 11.8% | ||
| Q1 25 | 20.1% | 0.2% | ||
| Q4 24 | -1.1% | 0.0% | ||
| Q3 24 | 5.1% | -0.4% | ||
| Q2 24 | 4.7% | 2.1% | ||
| Q1 24 | 9.4% | 13.5% |
| Q4 25 | 2.6% | 0.3% | ||
| Q3 25 | 2.6% | 0.1% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 2.4% | 0.3% | ||
| Q4 24 | 2.0% | 1.2% | ||
| Q3 24 | 4.1% | 0.2% | ||
| Q2 24 | 3.4% | 0.1% | ||
| Q1 24 | 4.0% | 0.1% |
| 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× | 0.30× | ||
| Q1 24 | 40.20× | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
