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Adtalem Global Education Inc.（ATGE）与Stride, Inc.（LRN）财务数据对比。点击上方公司名可切换其他公司
Stride, Inc.的季度营收约是Adtalem Global Education Inc.的1.3倍（$631.3M vs $503.4M）。Stride, Inc.净利率更高（15.8% vs 15.2%，领先0.6%）。Adtalem Global Education Inc.同比增速更快（12.4% vs 7.5%）。Stride, Inc.自由现金流更多（$91.6M vs $15.1M）。过去两年Adtalem Global Education Inc.的营收复合增速更高（10.4% vs 10.1%）
艾德塔姆全球教育是总部位于美国伊利诺伊州芝加哥的营利性高等教育运营集团，旗下运营多所知名院校，包括加勒比美国大学医学院、张伯伦大学、罗斯大学医学院、罗斯大学兽医学院以及瓦尔登大学，专注于为全球学习者提供医学、护理等多领域的专业高等教育资源。
Stride, Inc.是一家营利性教育机构，主营在线及混合式教育项目。作为教育管理机构，其为K12阶段公立学校学生提供替代传统线下教学的在线教育方案，同时也开设职业学习课程。截至2012年，这家上市企业是全球招生规模最大的教育管理机构。
ATGE vs LRN — 直观对比
营收规模更大
LRN
是对方的1.3倍
$503.4M
营收增速更快
ATGE
高出4.9%
7.5%
净利率更高
LRN
高出0.6%
15.2%
自由现金流更多
LRN
多$76.5M
$15.1M
两年增速更快
ATGE
近两年复合增速
10.1%
损益表 — Q2 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $503.4M | $631.3M |
| 净利润 | $76.4M | $99.5M |
| 毛利率 | 59.2% | 41.1% |
| 营业利润率 | 22.1% | 23.3% |
| 净利率 | 15.2% | 15.8% |
| 营收同比 | 12.4% | 7.5% |
| 净利润同比 | 0.7% | 3.2% |
| 每股收益（稀释后） | $2.11 | $2.12 |
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ATGELRN
| Q4 25 | $503.4M | $631.3M | ||
| Q3 25 | $462.3M | $620.9M | ||
| Q2 25 | $457.1M | $653.6M | ||
| Q1 25 | $466.1M | $613.4M | ||
| Q4 24 | $447.7M | $587.2M | ||
| Q3 24 | $417.4M | $551.1M | ||
| Q2 24 | $409.9M | $534.2M | ||
| Q1 24 | $412.7M | $520.8M |
净利润ATGELRN
| Q4 25 | $76.4M | $99.5M | ||
| Q3 25 | $61.8M | $68.8M | ||
| Q2 25 | $54.2M | $51.3M | ||
| Q1 25 | $60.8M | $99.3M | ||
| Q4 24 | $75.9M | $96.4M | ||
| Q3 24 | $46.2M | $40.9M | ||
| Q2 24 | $49.4M | $62.8M | ||
| Q1 24 | $36.8M | $69.7M |
毛利率ATGELRN
| Q4 25 | 59.2% | 41.1% | ||
| Q3 25 | 56.6% | 39.0% | ||
| Q2 25 | 56.5% | 36.6% | ||
| Q1 25 | 57.1% | 40.6% | ||
| Q4 24 | 58.3% | 40.8% | ||
| Q3 24 | 55.4% | 39.2% | ||
| Q2 24 | 55.5% | 35.2% | ||
| Q1 24 | 57.5% | 38.7% |
营业利润率ATGELRN
| Q4 25 | 22.1% | 23.3% | ||
| Q3 25 | 18.5% | 11.1% | ||
| Q2 25 | 16.8% | 8.7% | ||
| Q1 25 | 19.4% | 21.3% | ||
| Q4 24 | 23.2% | 21.3% | ||
| Q3 24 | 16.8% | 8.6% | ||
| Q2 24 | 16.7% | 13.8% | ||
| Q1 24 | 15.0% | 17.0% |
净利率ATGELRN
| Q4 25 | 15.2% | 15.8% | ||
| Q3 25 | 13.4% | 11.1% | ||
| Q2 25 | 11.9% | 7.9% | ||
| Q1 25 | 13.1% | 16.2% | ||
| Q4 24 | 16.9% | 16.4% | ||
| Q3 24 | 11.1% | 7.4% | ||
| Q2 24 | 12.1% | 11.8% | ||
| Q1 24 | 8.9% | 13.4% |
每股收益（稀释后）ATGELRN
| Q4 25 | $2.11 | $2.12 | ||
| Q3 25 | $1.67 | $1.40 | ||
| Q2 25 | $1.43 | $0.96 | ||
| Q1 25 | $1.59 | $2.02 | ||
| Q4 24 | $1.98 | $2.03 | ||
| Q3 24 | $1.18 | $0.94 | ||
| Q2 24 | $1.23 | $1.44 | ||
| Q1 24 | $0.93 | $1.60 |
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 | $56.3M | $625.7M |
| 总债务越低越好 | $504.3M | $417.2M |
| 股东权益账面价值 | $1.4B | $1.5B |
| 总资产 | $2.6B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.37× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ATGELRN
| Q4 25 | $56.3M | $625.7M | ||
| Q3 25 | $264.7M | $715.1M | ||
| Q2 25 | $199.6M | $985.3M | ||
| Q1 25 | $219.0M | $723.7M | ||
| Q4 24 | $194.0M | $717.5M | ||
| Q3 24 | $264.8M | $522.2M | ||
| Q2 24 | $219.3M | $692.3M | ||
| Q1 24 | $179.8M | $376.6M |
总债务ATGELRN
| Q4 25 | $504.3M | $417.2M | ||
| Q3 25 | $553.2M | $416.8M | ||
| Q2 25 | $552.7M | $416.3M | ||
| Q1 25 | $552.2M | $415.9M | ||
| Q4 24 | $649.9M | $415.5M | ||
| Q3 24 | $649.3M | $415.1M | ||
| Q2 24 | $648.7M | $414.7M | ||
| Q1 24 | $648.1M | $414.3M |
股东权益ATGELRN
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.3B | $1.1B |
总资产ATGELRN
| Q4 25 | $2.6B | $2.3B | ||
| Q3 25 | $2.9B | $2.3B | ||
| Q2 25 | $2.8B | $2.3B | ||
| Q1 25 | $2.8B | $2.2B | ||
| Q4 24 | $2.7B | $2.1B | ||
| Q3 24 | $2.8B | $2.0B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.7B | $1.9B |
负债/权益比ATGELRN
| Q4 25 | 0.37× | 0.27× | ||
| Q3 25 | 0.38× | 0.27× | ||
| Q2 25 | 0.39× | 0.28× | ||
| Q1 25 | 0.39× | 0.29× | ||
| Q4 24 | 0.45× | 0.32× | ||
| Q3 24 | 0.47× | 0.34× | ||
| Q2 24 | 0.47× | 0.35× | ||
| Q1 24 | 0.49× | 0.38× |
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 | $29.7M | $91.8M |
| 自由现金流经营现金流 - 资本支出 | $15.1M | $91.6M |
| 自由现金流率自由现金流/营收 | 3.0% | 14.5% |
| 资本支出强度资本支出/营收 | 2.9% | 0.0% |
| 现金转化率经营现金流/净利润 | 0.39× | 0.92× |
| 过去12个月自由现金流最近4个季度 | $368.0M | $246.3M |
8季度趋势，按日历期对齐
经营现金流ATGELRN
| Q4 25 | $29.7M | $91.8M | ||
| Q3 25 | $130.5M | $-195.8M | ||
| Q2 25 | $59.7M | $298.3M | ||
| Q1 25 | $207.9M | $53.1M | ||
| Q4 24 | $-19.0M | $223.4M | ||
| Q3 24 | $89.3M | $-142.0M | ||
| Q2 24 | $40.6M | $172.2M | ||
| Q1 24 | $162.6M | $68.6M |
自由现金流ATGELRN
| Q4 25 | $15.1M | $91.6M | ||
| Q3 25 | $114.5M | $-196.1M | ||
| Q2 25 | $40.7M | $297.9M | ||
| Q1 25 | $197.7M | $52.9M | ||
| Q4 24 | $-29.7M | $222.9M | ||
| Q3 24 | $78.9M | $-142.7M | ||
| Q2 24 | $37.4M | $171.4M | ||
| Q1 24 | $140.9M | $68.4M |
自由现金流率ATGELRN
| Q4 25 | 3.0% | 14.5% | ||
| Q3 25 | 24.8% | -31.6% | ||
| Q2 25 | 8.9% | 45.6% | ||
| Q1 25 | 42.4% | 8.6% | ||
| Q4 24 | -6.6% | 38.0% | ||
| Q3 24 | 18.9% | -25.9% | ||
| Q2 24 | 9.1% | 32.1% | ||
| Q1 24 | 34.2% | 13.1% |
资本支出强度ATGELRN
| Q4 25 | 2.9% | 0.0% | ||
| Q3 25 | 3.5% | 0.0% | ||
| Q2 25 | 4.2% | 0.1% | ||
| Q1 25 | 2.2% | 0.0% | ||
| Q4 24 | 2.4% | 0.1% | ||
| Q3 24 | 2.5% | 0.1% | ||
| Q2 24 | 0.8% | 0.1% | ||
| Q1 24 | 5.3% | 0.0% |
现金转化率ATGELRN
| Q4 25 | 0.39× | 0.92× | ||
| Q3 25 | 2.11× | -2.85× | ||
| Q2 25 | 1.10× | 5.81× | ||
| Q1 25 | 3.42× | 0.53× | ||
| Q4 24 | -0.25× | 2.32× | ||
| Q3 24 | 1.93× | -3.47× | ||
| Q2 24 | 0.82× | 2.74× | ||
| Q1 24 | 4.42× | 0.98× |
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
ATGE
| Walden University Segment | $217.6M | 43% |
| Chamberlain University Segment | $183.8M | 37% |
| Medical And Veterinary | $102.0M | 20% |
| Other Services | $1.6M | 0% |
LRN
| General Education | $341.4M | 54% |
| Middle High School | $275.6M | 44% |
| Adult | $14.3M | 2% |
