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AMERICAN PUBLIC EDUCATION INC（APEI）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是AMERICAN PUBLIC EDUCATION INC的1.1倍（$179.7M vs $158.3M），AMERICAN PUBLIC EDUCATION INC净利率更高（8.0% vs -29.5%，领先37.4%），Rocket Lab Corp同比增速更快（35.7% vs -3.5%），AMERICAN PUBLIC EDUCATION INC自由现金流更多（$-15.6M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
APEI vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $179.7M |
| 净利润 | $12.6M | $-52.9M |
| 毛利率 | 56.4% | 38.0% |
| 营业利润率 | 12.0% | -28.4% |
| 净利率 | 8.0% | -29.5% |
| 营收同比 | -3.5% | 35.7% |
| 净利润同比 | -2.7% | -1.1% |
| 每股收益（稀释后） | $0.67 | $-0.09 |
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 | $179.7M | ||
| Q3 25 | $163.2M | $155.1M | ||
| Q2 25 | $162.8M | $144.5M | ||
| Q1 25 | $164.6M | $122.6M | ||
| Q4 24 | $164.1M | $132.4M | ||
| Q3 24 | $153.1M | $104.8M | ||
| Q2 24 | $152.9M | $106.3M | ||
| Q1 24 | $154.4M | $92.8M |
| Q4 25 | $12.6M | $-52.9M | ||
| Q3 25 | $5.6M | $-18.3M | ||
| Q2 25 | $4.5M | $-66.4M | ||
| Q1 25 | $8.9M | $-60.6M | ||
| Q4 24 | $13.0M | $-52.3M | ||
| Q3 24 | $2.3M | $-51.9M | ||
| Q2 24 | $371.0K | $-41.6M | ||
| Q1 24 | $516.0K | $-44.3M |
| Q4 25 | 56.4% | 38.0% | ||
| Q3 25 | 54.2% | 37.0% | ||
| Q2 25 | 51.8% | 32.1% | ||
| Q1 25 | 54.5% | 28.8% | ||
| Q4 24 | 56.3% | 27.8% | ||
| Q3 24 | 50.8% | 26.7% | ||
| Q2 24 | 50.2% | 25.6% | ||
| Q1 24 | 53.1% | 26.1% |
| Q4 25 | 12.0% | -28.4% | ||
| Q3 25 | 5.9% | -38.0% | ||
| Q2 25 | 4.3% | -41.3% | ||
| Q1 25 | 7.4% | -48.3% | ||
| Q4 24 | 13.1% | -38.9% | ||
| Q3 24 | 2.7% | -49.5% | ||
| Q2 24 | 1.5% | -40.7% | ||
| Q1 24 | 3.4% | -46.4% |
| Q4 25 | 8.0% | -29.5% | ||
| Q3 25 | 3.4% | -11.8% | ||
| Q2 25 | 2.8% | -46.0% | ||
| Q1 25 | 5.4% | -49.5% | ||
| Q4 24 | 7.9% | -39.5% | ||
| Q3 24 | 1.5% | -49.6% | ||
| Q2 24 | 0.2% | -39.2% | ||
| Q1 24 | 0.3% | -47.7% |
| Q4 25 | $0.67 | $-0.09 | ||
| Q3 25 | $0.30 | $-0.03 | ||
| Q2 25 | $-0.02 | $-0.13 | ||
| Q1 25 | $0.41 | $-0.12 | ||
| Q4 24 | $0.63 | $-0.11 | ||
| Q3 24 | $0.04 | $-0.10 | ||
| Q2 24 | $-0.06 | $-0.08 | ||
| Q1 24 | $-0.06 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | $94.7M | $152.4M |
| 股东权益账面价值 | $294.8M | $1.7B |
| 总资产 | $521.4M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.32× | 0.09× |
8季度趋势，按日历期对齐
| Q4 25 | $174.1M | $1.0B | ||
| Q3 25 | $191.3M | $976.7M | ||
| Q2 25 | $174.9M | $688.1M | ||
| Q1 25 | $161.6M | $428.4M | ||
| Q4 24 | $131.9M | $419.0M | ||
| Q3 24 | $135.4M | $442.4M | ||
| Q2 24 | $129.8M | $496.8M | ||
| Q1 24 | $125.3M | $492.5M |
| Q4 25 | $94.7M | $152.4M | ||
| Q3 25 | $94.4M | $347.0M | ||
| Q2 25 | $94.1M | $346.5M | ||
| Q1 25 | $93.7M | $345.9M | ||
| Q4 24 | $93.4M | $345.4M | ||
| Q3 24 | $93.1M | $61.2M | ||
| Q2 24 | $92.8M | $64.2M | ||
| Q1 24 | $95.0M | $66.8M |
| Q4 25 | $294.8M | $1.7B | ||
| Q3 25 | $279.3M | $1.3B | ||
| Q2 25 | $272.2M | $688.5M | ||
| Q1 25 | $310.0M | $431.3M | ||
| Q4 24 | $303.9M | $382.5M | ||
| Q3 24 | $290.4M | $419.8M | ||
| Q2 24 | $288.7M | $455.2M | ||
| Q1 24 | $288.5M | $478.9M |
| Q4 25 | $521.4M | $2.3B | ||
| Q3 25 | $525.3M | $2.2B | ||
| Q2 25 | $537.4M | $1.6B | ||
| Q1 25 | $578.7M | $1.3B | ||
| Q4 24 | $570.1M | $1.2B | ||
| Q3 24 | $569.6M | $1.2B | ||
| Q2 24 | $560.7M | $1.2B | ||
| Q1 24 | $559.0M | $1.2B |
| Q4 25 | 0.32× | 0.09× | ||
| Q3 25 | 0.34× | 0.27× | ||
| Q2 25 | 0.35× | 0.50× | ||
| Q1 25 | 0.30× | 0.80× | ||
| Q4 24 | 0.31× | 0.90× | ||
| Q3 24 | 0.32× | 0.15× | ||
| Q2 24 | 0.32× | 0.14× | ||
| Q1 24 | 0.33× | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-15.6M | $-114.2M |
| 自由现金流率自由现金流/营收 | -9.9% | -63.6% |
| 资本支出强度资本支出/营收 | 2.6% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $-11.6M | $-64.5M | ||
| Q3 25 | $21.7M | $-23.5M | ||
| Q2 25 | $14.8M | $-23.2M | ||
| Q1 25 | $37.0M | $-54.2M | ||
| Q4 24 | $1.6M | $-2.4M | ||
| Q3 24 | $14.1M | $-30.9M | ||
| Q2 24 | $12.5M | $-13.0M | ||
| Q1 24 | $20.7M | $-2.6M |
| Q4 25 | $-15.6M | $-114.2M | ||
| Q3 25 | $17.5M | $-69.4M | ||
| Q2 25 | $11.1M | $-55.3M | ||
| Q1 25 | $33.1M | $-82.9M | ||
| Q4 24 | $-1.8M | $-23.9M | ||
| Q3 24 | $7.8M | $-41.9M | ||
| Q2 24 | $7.3M | $-28.3M | ||
| Q1 24 | $14.5M | $-21.8M |
| Q4 25 | -9.9% | -63.6% | ||
| Q3 25 | 10.7% | -44.8% | ||
| Q2 25 | 6.8% | -38.3% | ||
| Q1 25 | 20.1% | -67.6% | ||
| Q4 24 | -1.1% | -18.1% | ||
| Q3 24 | 5.1% | -40.0% | ||
| Q2 24 | 4.7% | -26.7% | ||
| Q1 24 | 9.4% | -23.5% |
| Q4 25 | 2.6% | 27.6% | ||
| Q3 25 | 2.6% | 29.6% | ||
| Q2 25 | 2.3% | 22.2% | ||
| Q1 25 | 2.4% | 23.4% | ||
| Q4 24 | 2.0% | 16.3% | ||
| Q3 24 | 4.1% | 10.5% | ||
| Q2 24 | 3.4% | 14.4% | ||
| Q1 24 | 4.0% | 20.7% |
| 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× | — | ||
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
