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AMERICAN PUBLIC EDUCATION INC（APEI）与UNIVERSAL TECHNICAL INSTITUTE INC（UTI）财务数据对比。点击上方公司名可切换其他公司
UNIVERSAL TECHNICAL INSTITUTE INC的季度营收约是AMERICAN PUBLIC EDUCATION INC的1.4倍（$220.8M vs $158.3M）。AMERICAN PUBLIC EDUCATION INC净利率更高（8.0% vs 5.8%，领先2.2%）。UNIVERSAL TECHNICAL INSTITUTE INC同比增速更快（9.6% vs -3.5%）。AMERICAN PUBLIC EDUCATION INC自由现金流更多（$-15.6M vs $-19.2M）。过去两年UNIVERSAL TECHNICAL INSTITUTE INC的营收复合增速更高（9.5% 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。
环球技术学院（UTI）是美国的营利性私立技术院校集团，1965年由罗伯特·斯威特创立，专注于提供职业技术类教育课程，培养符合产业需求的技能型人才，在美职业教育领域拥有较长的运营历史与行业经验。
APEI vs UTI — 直观对比
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $158.3M | $220.8M |
| 净利润 | $12.6M | $12.8M |
| 毛利率 | 56.4% | — |
| 营业利润率 | 12.0% | 7.1% |
| 净利率 | 8.0% | 5.8% |
| 营收同比 | -3.5% | 9.6% |
| 净利润同比 | -2.7% | -42.1% |
| 每股收益（稀释后） | $0.67 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $163.2M | $222.4M | ||
| Q2 25 | $162.8M | $204.3M | ||
| Q1 25 | $164.6M | $207.4M | ||
| Q4 24 | $164.1M | $201.4M | ||
| Q3 24 | $153.1M | $196.4M | ||
| Q2 24 | $152.9M | $177.5M | ||
| Q1 24 | $154.4M | $184.2M |
| Q4 25 | $12.6M | $12.8M | ||
| Q3 25 | $5.6M | $18.8M | ||
| Q2 25 | $4.5M | $10.7M | ||
| Q1 25 | $8.9M | $11.4M | ||
| Q4 24 | $13.0M | $22.2M | ||
| Q3 24 | $2.3M | $18.8M | ||
| Q2 24 | $371.0K | $5.0M | ||
| Q1 24 | $516.0K | $7.8M |
| 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 24 | 53.1% | — |
| Q4 25 | 12.0% | 7.1% | ||
| Q3 25 | 5.9% | 11.2% | ||
| Q2 25 | 4.3% | 6.9% | ||
| Q1 25 | 7.4% | 8.1% | ||
| Q4 24 | 13.1% | 13.6% | ||
| Q3 24 | 2.7% | 13.3% | ||
| Q2 24 | 1.5% | 4.2% | ||
| Q1 24 | 3.4% | 6.1% |
| Q4 25 | 8.0% | 5.8% | ||
| Q3 25 | 3.4% | 8.4% | ||
| Q2 25 | 2.8% | 5.2% | ||
| Q1 25 | 5.4% | 5.5% | ||
| Q4 24 | 7.9% | 11.0% | ||
| Q3 24 | 1.5% | 9.6% | ||
| Q2 24 | 0.2% | 2.8% | ||
| Q1 24 | 0.3% | 4.2% |
| Q4 25 | $0.67 | $0.23 | ||
| Q3 25 | $0.30 | $0.33 | ||
| Q2 25 | $-0.02 | $0.19 | ||
| Q1 25 | $0.41 | $0.21 | ||
| Q4 24 | $0.63 | $0.40 | ||
| Q3 24 | $0.04 | $0.35 | ||
| Q2 24 | $-0.06 | $0.09 | ||
| Q1 24 | $-0.06 | $0.14 |
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 | $162.8M |
| 总债务越低越好 | $94.7M | $101.4M |
| 股东权益账面价值 | $294.8M | $335.9M |
| 总资产 | $521.4M | $834.0M |
| 负债/权益比越低杠杆越低 | 0.32× | 0.30× |
8季度趋势，按日历期对齐
| Q4 25 | $174.1M | $162.8M | ||
| Q3 25 | $191.3M | $169.1M | ||
| Q2 25 | $174.9M | $70.7M | ||
| Q1 25 | $161.6M | $96.0M | ||
| Q4 24 | $131.9M | $172.0M | ||
| Q3 24 | $135.4M | $161.9M | ||
| Q2 24 | $129.8M | $115.5M | ||
| Q1 24 | $125.3M | $116.1M |
| Q4 25 | $94.7M | $101.4M | ||
| Q3 25 | $94.4M | $87.1M | ||
| Q2 25 | $94.1M | $73.8M | ||
| Q1 25 | $93.7M | $94.4M | ||
| Q4 24 | $93.4M | $120.1M | ||
| Q3 24 | $93.1M | $125.7M | ||
| Q2 24 | $92.8M | $137.3M | ||
| Q1 24 | $95.0M | $141.9M |
| Q4 25 | $294.8M | $335.9M | ||
| Q3 25 | $279.3M | $328.1M | ||
| Q2 25 | $272.2M | $306.8M | ||
| Q1 25 | $310.0M | $293.9M | ||
| Q4 24 | $303.9M | $280.0M | ||
| Q3 24 | $290.4M | $260.2M | ||
| Q2 24 | $288.7M | $239.4M | ||
| Q1 24 | $288.5M | $232.6M |
| Q4 25 | $521.4M | $834.0M | ||
| Q3 25 | $525.3M | $826.1M | ||
| Q2 25 | $537.4M | $740.8M | ||
| Q1 25 | $578.7M | $720.4M | ||
| Q4 24 | $570.1M | $753.8M | ||
| Q3 24 | $569.6M | $744.6M | ||
| Q2 24 | $560.7M | $706.0M | ||
| Q1 24 | $559.0M | $702.1M |
| Q4 25 | 0.32× | 0.30× | ||
| Q3 25 | 0.34× | 0.27× | ||
| Q2 25 | 0.35× | 0.24× | ||
| Q1 25 | 0.30× | 0.32× | ||
| Q4 24 | 0.31× | 0.43× | ||
| Q3 24 | 0.32× | 0.48× | ||
| Q2 24 | 0.32× | 0.57× | ||
| Q1 24 | 0.33× | 0.61× |
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 | $3.1M |
| 自由现金流经营现金流 - 资本支出 | $-15.6M | $-19.2M |
| 自由现金流率自由现金流/营收 | -9.9% | -8.7% |
| 资本支出强度资本支出/营收 | 2.6% | 10.1% |
| 现金转化率经营现金流/净利润 | -0.92× | 0.24× |
| 过去12个月自由现金流最近4个季度 | $46.1M | $16.6M |
8季度趋势，按日历期对齐
| Q4 25 | $-11.6M | $3.1M | ||
| Q3 25 | $21.7M | $57.1M | ||
| Q2 25 | $14.8M | $18.1M | ||
| Q1 25 | $37.0M | $-789.0K | ||
| Q4 24 | $1.6M | $23.0M | ||
| Q3 24 | $14.1M | $67.5M | ||
| Q2 24 | $12.5M | $10.0M | ||
| Q1 24 | $20.7M | $-2.5M |
| Q4 25 | $-15.6M | $-19.2M | ||
| Q3 25 | $17.5M | $40.6M | ||
| Q2 25 | $11.1M | $6.8M | ||
| Q1 25 | $33.1M | $-11.7M | ||
| Q4 24 | $-1.8M | $19.6M | ||
| Q3 24 | $7.8M | $60.0M | ||
| Q2 24 | $7.3M | $3.0M | ||
| Q1 24 | $14.5M | $-8.4M |
| Q4 25 | -9.9% | -8.7% | ||
| Q3 25 | 10.7% | 18.3% | ||
| Q2 25 | 6.8% | 3.4% | ||
| Q1 25 | 20.1% | -5.7% | ||
| Q4 24 | -1.1% | 9.7% | ||
| Q3 24 | 5.1% | 30.6% | ||
| Q2 24 | 4.7% | 1.7% | ||
| Q1 24 | 9.4% | -4.6% |
| Q4 25 | 2.6% | 10.1% | ||
| Q3 25 | 2.6% | 7.4% | ||
| Q2 25 | 2.3% | 5.5% | ||
| Q1 25 | 2.4% | 5.3% | ||
| Q4 24 | 2.0% | 1.7% | ||
| Q3 24 | 4.1% | 3.8% | ||
| Q2 24 | 3.4% | 4.0% | ||
| Q1 24 | 4.0% | 3.2% |
| Q4 25 | -0.92× | 0.24× | ||
| Q3 25 | 3.90× | 3.04× | ||
| Q2 25 | 3.29× | 1.69× | ||
| Q1 25 | 4.16× | -0.07× | ||
| Q4 24 | 0.12× | 1.04× | ||
| Q3 24 | 6.22× | 3.58× | ||
| Q2 24 | 33.57× | 2.01× | ||
| Q1 24 | 40.20× | -0.32× |
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% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
