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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与KinderCare Learning Companies, Inc.（KLC）财务数据对比。点击上方公司名可切换其他公司
BRIGHT HORIZONS FAMILY SOLUTIONS INC.的季度营收约是KinderCare Learning Companies, Inc.的1.1倍（$733.7M vs $676.8M）。BRIGHT HORIZONS FAMILY SOLUTIONS INC.同比增速更快（8.8% vs 0.8%）。BRIGHT HORIZONS FAMILY SOLUTIONS INC.自由现金流更多（$258.5M vs $62.6M）。过去两年BRIGHT HORIZONS FAMILY SOLUTIONS INC.的营收复合增速更高（8.5% vs 0.4%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
BFAM vs KLC — 直观对比
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $676.8M |
| 净利润 | — | $4.5M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 6.2% | 3.9% |
| 净利率 | — | 0.7% |
| 营收同比 | 8.8% | 0.8% |
| 净利润同比 | — | -67.4% |
| 每股收益（稀释后） | $0.38 | $0.04 |
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 | $733.7M | — | ||
| Q3 25 | $802.8M | $676.8M | ||
| Q2 25 | $731.6M | $700.1M | ||
| Q1 25 | $665.5M | $668.2M | ||
| Q4 24 | $674.1M | $647.0M | ||
| Q3 24 | $719.1M | $671.5M | ||
| Q2 24 | $670.1M | — | ||
| Q1 24 | $622.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | $78.6M | $4.5M | ||
| Q2 25 | $54.8M | $38.6M | ||
| Q1 25 | $38.0M | $21.2M | ||
| Q4 24 | — | $-133.6M | ||
| Q3 24 | $54.9M | $14.0M | ||
| Q2 24 | $39.2M | — | ||
| Q1 24 | $17.0M | — |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 15.1% | 3.9% | ||
| Q2 25 | 11.8% | 9.8% | ||
| Q1 25 | 9.4% | 7.3% | ||
| Q4 24 | 7.2% | -13.8% | ||
| Q3 24 | 12.4% | 8.1% | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | 6.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | 9.8% | 0.7% | ||
| Q2 25 | 7.5% | 5.5% | ||
| Q1 25 | 5.7% | 3.2% | ||
| Q4 24 | — | -20.6% | ||
| Q3 24 | 7.6% | 2.1% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | $0.38 | — | ||
| Q3 25 | $1.37 | $0.04 | ||
| Q2 25 | $0.95 | $0.33 | ||
| Q1 25 | $0.66 | $0.18 | ||
| Q4 24 | $0.50 | $-1.17 | ||
| Q3 24 | $0.94 | $0.15 | ||
| Q2 24 | $0.67 | — | ||
| Q1 24 | $0.29 | — |
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 | $140.1M | $174.7M |
| 总债务越低越好 | $747.6M | $930.9M |
| 股东权益账面价值 | $1.3B | $931.2M |
| 总资产 | $3.9B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.56× | 1.00× |
8季度趋势，按日历期对齐
| Q4 25 | $140.1M | — | ||
| Q3 25 | $116.6M | $174.7M | ||
| Q2 25 | $179.2M | $119.0M | ||
| Q1 25 | $112.0M | $131.3M | ||
| Q4 24 | $110.3M | $62.3M | ||
| Q3 24 | $109.9M | $137.2M | ||
| Q2 24 | $140.2M | — | ||
| Q1 24 | $63.7M | — |
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | $930.9M | ||
| Q2 25 | $797.0M | $926.5M | ||
| Q1 25 | $872.7M | $927.4M | ||
| Q4 24 | $918.4M | $926.0M | ||
| Q3 24 | $925.7M | $1.5B | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | — |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $931.2M | ||
| Q2 25 | $1.4B | $924.3M | ||
| Q1 25 | $1.3B | $884.9M | ||
| Q4 24 | $1.3B | $864.5M | ||
| Q3 24 | $1.4B | $235.6M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | $3.9B | ||
| Q2 25 | $3.9B | $3.8B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $3.9B | $3.6B | ||
| Q3 24 | $3.9B | $3.7B | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | — |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | 1.00× | ||
| Q2 25 | 0.57× | 1.00× | ||
| Q1 25 | 0.66× | 1.05× | ||
| Q4 24 | 0.72× | 1.07× | ||
| Q3 24 | 0.66× | 6.42× | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
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 | $350.7M | $100.8M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $62.6M |
| 自由现金流率自由现金流/营收 | 35.2% | 9.2% |
| 资本支出强度资本支出/营收 | 12.6% | 5.6% |
| 现金转化率经营现金流/净利润 | — | 22.15× |
| 过去12个月自由现金流最近4个季度 | $402.4M | — |
8季度趋势，按日历期对齐
| Q4 25 | $350.7M | — | ||
| Q3 25 | $-17.6M | $100.8M | ||
| Q2 25 | $134.2M | — | ||
| Q1 25 | $86.2M | $98.4M | ||
| Q4 24 | $337.5M | — | ||
| Q3 24 | $-8.9M | — | ||
| Q2 24 | $109.4M | — | ||
| Q1 24 | $116.3M | — |
| Q4 25 | $258.5M | — | ||
| Q3 25 | $-42.4M | $62.6M | ||
| Q2 25 | $115.4M | — | ||
| Q1 25 | $70.9M | $75.1M | ||
| Q4 24 | $240.2M | — | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | $86.8M | — | ||
| Q1 24 | $96.9M | — |
| Q4 25 | 35.2% | — | ||
| Q3 25 | -5.3% | 9.2% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 10.7% | 11.2% | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | -4.5% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 15.6% | — |
| Q4 25 | 12.6% | — | ||
| Q3 25 | 3.1% | 5.6% | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.3% | 3.5% | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | 22.15× | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | 4.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
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
BFAM
暂无分部数据
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
