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AMERICAN PUBLIC EDUCATION INC（APEI）与Strategic Education, Inc.（STRA）财务数据对比。点击上方公司名可切换其他公司
Strategic Education, Inc.的季度营收约是AMERICAN PUBLIC EDUCATION INC的1.9倍（$305.9M vs $158.3M）。Strategic Education, Inc.净利率更高（9.7% vs 8.0%，领先1.8%）。Strategic Education, Inc.同比增速更快（-0.8% vs -3.5%）。Strategic Education, Inc.自由现金流更多（$57.3M vs $-15.6M）。过去两年AMERICAN PUBLIC EDUCATION INC的营收复合增速更高（1.3% vs -1.0%）
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。
Strategic Education, Inc.（简称SEI）是一家教育服务控股企业，前身为斯特雷尔教育公司。旗下拥有营利性在线院校卡佩拉大学、斯特雷尔大学，还运营着DevMountain、Hackbright学院、Sophia Learning等提供非学位课程的教育机构。
APEI vs STRA — 直观对比
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $305.9M |
| 净利润 | $12.6M | $29.7M |
| 毛利率 | 56.4% | — |
| 营业利润率 | 12.0% | 13.0% |
| 净利率 | 8.0% | 9.7% |
| 营收同比 | -3.5% | -0.8% |
| 净利润同比 | -2.7% | -9.3% |
| 每股收益（稀释后） | $0.67 | $1.24 |
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 | — | $305.9M | ||
| Q4 25 | $158.3M | $323.2M | ||
| Q3 25 | $163.2M | $319.9M | ||
| Q2 25 | $162.8M | $321.5M | ||
| Q1 25 | $164.6M | $303.6M | ||
| Q4 24 | $164.1M | $311.5M | ||
| Q3 24 | $153.1M | $306.0M | ||
| Q2 24 | $152.9M | $312.3M |
| Q1 26 | — | $29.7M | ||
| Q4 25 | $12.6M | $37.9M | ||
| Q3 25 | $5.6M | $26.6M | ||
| Q2 25 | $4.5M | $32.3M | ||
| Q1 25 | $8.9M | $29.7M | ||
| Q4 24 | $13.0M | $25.3M | ||
| Q3 24 | $2.3M | $27.7M | ||
| Q2 24 | $371.0K | $29.9M |
| Q1 26 | — | — | ||
| Q4 25 | 56.4% | — | ||
| Q3 25 | 54.2% | — | ||
| Q2 25 | 51.8% | — | ||
| Q1 25 | 54.5% | — | ||
| Q4 24 | 56.3% | — | ||
| Q3 24 | 50.8% | — | ||
| Q2 24 | 50.2% | — |
| Q1 26 | — | 13.0% | ||
| Q4 25 | 12.0% | 16.0% | ||
| Q3 25 | 5.9% | 11.6% | ||
| Q2 25 | 4.3% | 14.2% | ||
| Q1 25 | 7.4% | 13.1% | ||
| Q4 24 | 13.1% | 11.6% | ||
| Q3 24 | 2.7% | 11.9% | ||
| Q2 24 | 1.5% | 13.4% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 8.0% | 11.7% | ||
| Q3 25 | 3.4% | 8.3% | ||
| Q2 25 | 2.8% | 10.1% | ||
| Q1 25 | 5.4% | 9.8% | ||
| Q4 24 | 7.9% | 8.1% | ||
| Q3 24 | 1.5% | 9.1% | ||
| Q2 24 | 0.2% | 9.6% |
| Q1 26 | — | $1.24 | ||
| Q4 25 | $0.67 | $1.65 | ||
| Q3 25 | $0.30 | $1.15 | ||
| Q2 25 | $-0.02 | $1.37 | ||
| Q1 25 | $0.41 | $1.24 | ||
| Q4 24 | $0.63 | $1.05 | ||
| Q3 24 | $0.04 | $1.15 | ||
| Q2 24 | $-0.06 | $1.24 |
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 | $140.8M |
| 总债务越低越好 | $94.7M | — |
| 股东权益账面价值 | $294.8M | $1.6B |
| 总资产 | $521.4M | $2.0B |
| 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 | — | $140.8M | ||
| Q4 25 | $174.1M | $148.1M | ||
| Q3 25 | $191.3M | $172.6M | ||
| Q2 25 | $174.9M | $164.9M | ||
| Q1 25 | $161.6M | $182.6M | ||
| Q4 24 | $131.9M | $184.0M | ||
| Q3 24 | $135.4M | $222.1M | ||
| Q2 24 | $129.8M | $256.2M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.6B | ||
| Q4 25 | $294.8M | $1.6B | ||
| Q3 25 | $279.3M | $1.7B | ||
| Q2 25 | $272.2M | $1.7B | ||
| Q1 25 | $310.0M | $1.6B | ||
| Q4 24 | $303.9M | $1.7B | ||
| Q3 24 | $290.4M | $1.7B | ||
| Q2 24 | $288.7M | $1.7B |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $521.4M | $2.0B | ||
| Q3 25 | $525.3M | $2.1B | ||
| Q2 25 | $537.4M | $2.1B | ||
| Q1 25 | $578.7M | $2.1B | ||
| Q4 24 | $570.1M | $2.0B | ||
| Q3 24 | $569.6M | $2.2B | ||
| Q2 24 | $560.7M | $2.2B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $67.7M |
| 自由现金流经营现金流 - 资本支出 | $-15.6M | $57.3M |
| 自由现金流率自由现金流/营收 | -9.9% | 18.7% |
| 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× | 2.27× |
| 过去12个月自由现金流最近4个季度 | $46.1M | $153.9M |
8季度趋势，按日历期对齐
| Q1 26 | — | $67.7M | ||
| Q4 25 | $-11.6M | $39.2M | ||
| Q3 25 | $21.7M | $60.1M | ||
| Q2 25 | $14.8M | $31.2M | ||
| Q1 25 | $37.0M | $67.7M | ||
| Q4 24 | $1.6M | $15.9M | ||
| Q3 24 | $14.1M | $51.5M | ||
| Q2 24 | $12.5M | $24.3M |
| Q1 26 | — | $57.3M | ||
| Q4 25 | $-15.6M | $27.0M | ||
| Q3 25 | $17.5M | $49.3M | ||
| Q2 25 | $11.1M | $20.4M | ||
| Q1 25 | $33.1M | $57.3M | ||
| Q4 24 | $-1.8M | $4.7M | ||
| Q3 24 | $7.8M | $42.1M | ||
| Q2 24 | $7.3M | $13.6M |
| Q1 26 | — | 18.7% | ||
| Q4 25 | -9.9% | 8.3% | ||
| Q3 25 | 10.7% | 15.4% | ||
| Q2 25 | 6.8% | 6.3% | ||
| Q1 25 | 20.1% | 18.9% | ||
| Q4 24 | -1.1% | 1.5% | ||
| Q3 24 | 5.1% | 13.8% | ||
| Q2 24 | 4.7% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 3.8% | ||
| Q3 25 | 2.6% | 3.4% | ||
| Q2 25 | 2.3% | 3.4% | ||
| Q1 25 | 2.4% | 3.4% | ||
| Q4 24 | 2.0% | 3.6% | ||
| Q3 24 | 4.1% | 3.1% | ||
| Q2 24 | 3.4% | 3.4% |
| Q1 26 | — | 2.27× | ||
| Q4 25 | -0.92× | 1.03× | ||
| Q3 25 | 3.90× | 2.26× | ||
| Q2 25 | 3.29× | 0.97× | ||
| Q1 25 | 4.16× | 2.27× | ||
| Q4 24 | 0.12× | 0.63× | ||
| Q3 24 | 6.22× | 1.86× | ||
| Q2 24 | 33.57× | 0.81× |
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% |
STRA
| U.S. Higher Education | $221.0M | 72% |
| Australia/New Zealand | $48.3M | 16% |
| Education Technology Services | $34.3M | 11% |
