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AMERICAN PUBLIC EDUCATION INC（APEI）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是AMERICAN PUBLIC EDUCATION INC的1.2倍（$188.3M vs $158.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 8.0%，领先40.0%），AMERICAN PUBLIC EDUCATION INC同比增速更快（-3.5% vs -21.9%），过去两年AMERICAN PUBLIC EDUCATION INC的营收复合增速更高（1.3% vs -15.4%）
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。
APEI vs RILY — 直观对比
营收规模更大
RILY
是对方的1.2倍
$158.3M
营收增速更快
APEI
高出18.3%
-21.9%
净利率更高
RILY
高出40.0%
8.0%
两年增速更快
APEI
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $188.3M |
| 净利润 | $12.6M | $90.3M |
| 毛利率 | 56.4% | 79.5% |
| 营业利润率 | 12.0% | 32.3% |
| 净利率 | 8.0% | 47.9% |
| 营收同比 | -3.5% | -21.9% |
| 净利润同比 | -2.7% | 1710.8% |
| 每股收益（稀释后） | $0.67 | $2.78 |
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APEIRILY
| Q4 25 | $158.3M | $188.3M | ||
| Q3 25 | $163.2M | $215.3M | ||
| Q2 25 | $162.8M | $188.2M | ||
| Q1 25 | $164.6M | $197.2M | ||
| Q4 24 | $164.1M | $241.0M | ||
| Q3 24 | $153.1M | $225.5M | ||
| Q2 24 | $152.9M | $256.0M | ||
| Q1 24 | $154.4M | $263.4M |
净利润APEIRILY
| Q4 25 | $12.6M | $90.3M | ||
| Q3 25 | $5.6M | $91.1M | ||
| Q2 25 | $4.5M | $139.5M | ||
| Q1 25 | $8.9M | $-10.0M | ||
| Q4 24 | $13.0M | $-5.6M | ||
| Q3 24 | $2.3M | $-284.4M | ||
| Q2 24 | $371.0K | $-433.6M | ||
| Q1 24 | $516.0K | $-49.2M |
毛利率APEIRILY
| Q4 25 | 56.4% | 79.5% | ||
| Q3 25 | 54.2% | 83.7% | ||
| Q2 25 | 51.8% | 81.3% | ||
| Q1 25 | 54.5% | 81.4% | ||
| Q4 24 | 56.3% | 79.8% | ||
| Q3 24 | 50.8% | 82.1% | ||
| Q2 24 | 50.2% | 84.5% | ||
| Q1 24 | 53.1% | 85.3% |
营业利润率APEIRILY
| Q4 25 | 12.0% | 32.3% | ||
| Q3 25 | 5.9% | 30.4% | ||
| Q2 25 | 4.3% | 5.7% | ||
| Q1 25 | 7.4% | -31.2% | ||
| Q4 24 | 13.1% | -69.2% | ||
| Q3 24 | 2.7% | -36.4% | ||
| Q2 24 | 1.5% | -90.8% | ||
| Q1 24 | 3.4% | -6.1% |
净利率APEIRILY
| Q4 25 | 8.0% | 47.9% | ||
| Q3 25 | 3.4% | 42.3% | ||
| Q2 25 | 2.8% | 74.1% | ||
| Q1 25 | 5.4% | -5.1% | ||
| Q4 24 | 7.9% | -2.3% | ||
| Q3 24 | 1.5% | -126.1% | ||
| Q2 24 | 0.2% | -169.4% | ||
| Q1 24 | 0.3% | -18.7% |
每股收益（稀释后）APEIRILY
| Q4 25 | $0.67 | $2.78 | ||
| Q3 25 | $0.30 | $2.91 | ||
| Q2 25 | $-0.02 | $4.50 | ||
| Q1 25 | $0.41 | $-0.39 | ||
| Q4 24 | $0.63 | $-0.01 | ||
| Q3 24 | $0.04 | $-9.39 | ||
| Q2 24 | $-0.06 | $-14.35 | ||
| Q1 24 | $-0.06 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $94.7M | $1.4B |
| 股东权益账面价值 | $294.8M | $-171.5M |
| 总资产 | $521.4M | $1.7B |
| 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APEIRILY
| Q4 25 | $174.1M | $226.6M | ||
| Q3 25 | $191.3M | $184.2M | ||
| Q2 25 | $174.9M | $267.4M | ||
| Q1 25 | $161.6M | $138.3M | ||
| Q4 24 | $131.9M | $146.9M | ||
| Q3 24 | $135.4M | $159.2M | ||
| Q2 24 | $129.8M | $236.9M | ||
| Q1 24 | $125.3M | $190.7M |
总债务APEIRILY
| Q4 25 | $94.7M | $1.4B | ||
| Q3 25 | $94.4M | $1.3B | ||
| Q2 25 | $94.1M | $1.3B | ||
| Q1 25 | $93.7M | $1.4B | ||
| Q4 24 | $93.4M | $1.5B | ||
| Q3 24 | $93.1M | — | ||
| Q2 24 | $92.8M | — | ||
| Q1 24 | $95.0M | — |
股东权益APEIRILY
| Q4 25 | $294.8M | $-171.5M | ||
| Q3 25 | $279.3M | $-260.5M | ||
| Q2 25 | $272.2M | $-351.7M | ||
| Q1 25 | $310.0M | $-496.8M | ||
| Q4 24 | $303.9M | $-488.2M | ||
| Q3 24 | $290.4M | $-497.6M | ||
| Q2 24 | $288.7M | $-218.3M | ||
| Q1 24 | $288.5M | $228.4M |
总资产APEIRILY
| Q4 25 | $521.4M | $1.7B | ||
| Q3 25 | $525.3M | $1.7B | ||
| Q2 25 | $537.4M | $1.5B | ||
| Q1 25 | $578.7M | $1.5B | ||
| Q4 24 | $570.1M | $1.8B | ||
| Q3 24 | $569.6M | $2.2B | ||
| Q2 24 | $560.7M | $3.2B | ||
| Q1 24 | $559.0M | $5.0B |
负债/权益比APEIRILY
| 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 | $26.2M |
| 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× | 0.29× |
| 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APEIRILY
| Q4 25 | $-11.6M | $26.2M | ||
| Q3 25 | $21.7M | $-60.6M | ||
| Q2 25 | $14.8M | $-25.6M | ||
| Q1 25 | $37.0M | $184.0K | ||
| Q4 24 | $1.6M | $-2.7M | ||
| Q3 24 | $14.1M | $19.5M | ||
| Q2 24 | $12.5M | $111.5M | ||
| Q1 24 | $20.7M | $135.4M |
自由现金流APEIRILY
| 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APEIRILY
| 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APEIRILY
| 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APEIRILY
| Q4 25 | -0.92× | 0.29× | ||
| Q3 25 | 3.90× | -0.66× | ||
| Q2 25 | 3.29× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
