vs
AMERICAN PUBLIC EDUCATION INC（APEI）与GIBRALTAR INDUSTRIES, INC.（ROCK）财务数据对比。点击上方公司名可切换其他公司
GIBRALTAR INDUSTRIES, INC.的季度营收约是AMERICAN PUBLIC EDUCATION INC的1.4倍（$225.0M vs $158.3M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -3.5%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-15.6M），过去两年AMERICAN PUBLIC EDUCATION INC的营收复合增速更高（1.3% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
APEI vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.4倍
$158.3M
营收增速更快
ROCK
高出28.5%
-3.5%
自由现金流更多
ROCK
多$41.8M
$-15.6M
两年增速更快
APEI
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $225.0M |
| 净利润 | $12.6M | — |
| 毛利率 | 56.4% | 25.3% |
| 营业利润率 | 12.0% | 7.9% |
| 净利率 | 8.0% | — |
| 营收同比 | -3.5% | 24.9% |
| 净利润同比 | -2.7% | — |
| 每股收益（稀释后） | $0.67 | — |
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APEIROCK
| Q4 25 | $158.3M | $225.0M | ||
| Q3 25 | $163.2M | $310.9M | ||
| Q2 25 | $162.8M | $309.5M | ||
| Q1 25 | $164.6M | $290.0M | ||
| Q4 24 | $164.1M | $180.1M | ||
| Q3 24 | $153.1M | $277.1M | ||
| Q2 24 | $152.9M | $273.6M | ||
| Q1 24 | $154.4M | $292.5M |
净利润APEIROCK
| Q4 25 | $12.6M | — | ||
| Q3 25 | $5.6M | $-89.1M | ||
| Q2 25 | $4.5M | $26.0M | ||
| Q1 25 | $8.9M | $21.1M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $2.3M | $34.0M | ||
| Q2 24 | $371.0K | $32.2M | ||
| Q1 24 | $516.0K | $24.9M |
毛利率APEIROCK
| Q4 25 | 56.4% | 25.3% | ||
| Q3 25 | 54.2% | 26.6% | ||
| Q2 25 | 51.8% | 28.4% | ||
| Q1 25 | 54.5% | 26.8% | ||
| Q4 24 | 56.3% | 29.0% | ||
| Q3 24 | 50.8% | 29.4% | ||
| Q2 24 | 50.2% | 30.5% | ||
| Q1 24 | 53.1% | 28.9% |
营业利润率APEIROCK
| Q4 25 | 12.0% | 7.9% | ||
| Q3 25 | 5.9% | 12.8% | ||
| Q2 25 | 4.3% | 12.8% | ||
| Q1 25 | 7.4% | 8.8% | ||
| Q4 24 | 13.1% | 13.3% | ||
| Q3 24 | 2.7% | 15.6% | ||
| Q2 24 | 1.5% | 14.9% | ||
| Q1 24 | 3.4% | 10.8% |
净利率APEIROCK
| Q4 25 | 8.0% | — | ||
| Q3 25 | 3.4% | -28.6% | ||
| Q2 25 | 2.8% | 8.4% | ||
| Q1 25 | 5.4% | 7.3% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 1.5% | 12.3% | ||
| Q2 24 | 0.2% | 11.8% | ||
| Q1 24 | 0.3% | 8.5% |
每股收益（稀释后）APEIROCK
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.30 | $-2.98 | ||
| Q2 25 | $-0.02 | $0.87 | ||
| Q1 25 | $0.41 | — | ||
| Q4 24 | $0.63 | — | ||
| Q3 24 | $0.04 | $1.11 | ||
| Q2 24 | $-0.06 | $1.05 | ||
| Q1 24 | $-0.06 | — |
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 | $115.7M |
| 总债务越低越好 | $94.7M | $0 |
| 股东权益账面价值 | $294.8M | $950.4M |
| 总资产 | $521.4M | $1.4B |
| 负债/权益比越低杠杆越低 | 0.32× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资APEIROCK
| Q4 25 | $174.1M | $115.7M | ||
| Q3 25 | $191.3M | $89.4M | ||
| Q2 25 | $174.9M | $43.3M | ||
| Q1 25 | $161.6M | $25.1M | ||
| Q4 24 | $131.9M | $269.5M | ||
| Q3 24 | $135.4M | $228.9M | ||
| Q2 24 | $129.8M | $179.1M | ||
| Q1 24 | $125.3M | $146.7M |
总债务APEIROCK
| Q4 25 | $94.7M | $0 | ||
| Q3 25 | $94.4M | $0 | ||
| Q2 25 | $94.1M | $0 | ||
| Q1 25 | $93.7M | $0 | ||
| Q4 24 | $93.4M | $0 | ||
| Q3 24 | $93.1M | $0 | ||
| Q2 24 | $92.8M | $0 | ||
| Q1 24 | $95.0M | $0 |
股东权益APEIROCK
| Q4 25 | $294.8M | $950.4M | ||
| Q3 25 | $279.3M | $951.8M | ||
| Q2 25 | $272.2M | $1.0B | ||
| Q1 25 | $310.0M | $1.0B | ||
| Q4 24 | $303.9M | $1.0B | ||
| Q3 24 | $290.4M | $1.0B | ||
| Q2 24 | $288.7M | $975.7M | ||
| Q1 24 | $288.5M | $940.2M |
总资产APEIROCK
| Q4 25 | $521.4M | $1.4B | ||
| Q3 25 | $525.3M | $1.4B | ||
| Q2 25 | $537.4M | $1.5B | ||
| Q1 25 | $578.7M | $1.4B | ||
| Q4 24 | $570.1M | $1.4B | ||
| Q3 24 | $569.6M | $1.4B | ||
| Q2 24 | $560.7M | $1.4B | ||
| Q1 24 | $559.0M | $1.3B |
负债/权益比APEIROCK
| Q4 25 | 0.32× | 0.00× | ||
| Q3 25 | 0.34× | 0.00× | ||
| Q2 25 | 0.35× | 0.00× | ||
| Q1 25 | 0.30× | 0.00× | ||
| Q4 24 | 0.31× | 0.00× | ||
| Q3 24 | 0.32× | 0.00× | ||
| Q2 24 | 0.32× | 0.00× | ||
| Q1 24 | 0.33× | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-15.6M | $26.2M |
| 自由现金流率自由现金流/营收 | -9.9% | 11.7% |
| 资本支出强度资本支出/营收 | 2.6% | 4.1% |
| 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 | $120.6M |
8季度趋势，按日历期对齐
经营现金流APEIROCK
| Q4 25 | $-11.6M | $35.5M | ||
| Q3 25 | $21.7M | $73.0M | ||
| Q2 25 | $14.8M | $44.9M | ||
| Q1 25 | $37.0M | $13.7M | ||
| Q4 24 | $1.6M | $19.9M | ||
| Q3 24 | $14.1M | $64.7M | ||
| Q2 24 | $12.5M | $36.5M | ||
| Q1 24 | $20.7M | $53.2M |
自由现金流APEIROCK
| Q4 25 | $-15.6M | $26.2M | ||
| Q3 25 | $17.5M | $64.8M | ||
| Q2 25 | $11.1M | $27.3M | ||
| Q1 25 | $33.1M | $2.3M | ||
| Q4 24 | $-1.8M | $14.1M | ||
| Q3 24 | $7.8M | $60.5M | ||
| Q2 24 | $7.3M | $33.5M | ||
| Q1 24 | $14.5M | $48.8M |
自由现金流率APEIROCK
| Q4 25 | -9.9% | 11.7% | ||
| Q3 25 | 10.7% | 20.8% | ||
| Q2 25 | 6.8% | 8.8% | ||
| Q1 25 | 20.1% | 0.8% | ||
| Q4 24 | -1.1% | 7.8% | ||
| Q3 24 | 5.1% | 21.8% | ||
| Q2 24 | 4.7% | 12.2% | ||
| Q1 24 | 9.4% | 16.7% |
资本支出强度APEIROCK
| Q4 25 | 2.6% | 4.1% | ||
| Q3 25 | 2.6% | 2.6% | ||
| Q2 25 | 2.3% | 5.7% | ||
| Q1 25 | 2.4% | 3.9% | ||
| Q4 24 | 2.0% | 3.3% | ||
| Q3 24 | 4.1% | 1.5% | ||
| Q2 24 | 3.4% | 1.1% | ||
| Q1 24 | 4.0% | 1.5% |
现金转化率APEIROCK
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | — | ||
| Q2 25 | 3.29× | 1.73× | ||
| Q1 25 | 4.16× | 0.65× | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 6.22× | 1.90× | ||
| Q2 24 | 33.57× | 1.13× | ||
| Q1 24 | 40.20× | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
