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Boxlight Corp（BOXL）与Graham Holdings Co（GHC）财务数据对比。点击上方公司名可切换其他公司
Graham Holdings Co的季度营收约是Boxlight Corp的42.6倍（$1.3B vs $29.3M）。Graham Holdings Co净利率更高（8.7% vs -21.1%，领先29.8%）。Graham Holdings Co同比增速更快（0.4% vs -19.2%）。过去两年Graham Holdings Co的营收复合增速更高（4.2% vs -23.1%）
Boxlight Corp是全球互动技术解决方案供应商，主营交互式平板显示器、投影仪、协作软件及教育技术配件，主要服务K12、高等教育机构及企业、政府客户，产品覆盖北美、欧洲、亚太等市场，专注提升教学及协作效率。
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
BOXL vs GHC — 直观对比
营收规模更大
GHC
是对方的42.6倍
$29.3M
营收增速更快
GHC
高出19.6%
-19.2%
净利率更高
GHC
高出29.8%
-21.1%
两年增速更快
GHC
近两年复合增速
-23.1%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $29.3M | $1.3B |
| 净利润 | $-6.2M | $108.7M |
| 毛利率 | 29.1% | — |
| 营业利润率 | -13.4% | 3.8% |
| 净利率 | -21.1% | 8.7% |
| 营收同比 | -19.2% | 0.4% |
| 净利润同比 | -102.0% | -80.2% |
| 每股收益（稀释后） | $-1.88 | $24.76 |
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BOXLGHC
| Q4 25 | — | $1.3B | ||
| Q3 25 | $29.3M | $1.3B | ||
| Q2 25 | $30.9M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $24.0M | $1.2B | ||
| Q3 24 | $36.3M | $1.2B | ||
| Q2 24 | $38.5M | $1.2B | ||
| Q1 24 | $37.1M | $1.2B |
净利润BOXLGHC
| Q4 25 | — | $108.7M | ||
| Q3 25 | $-6.2M | $122.9M | ||
| Q2 25 | $-4.7M | $36.7M | ||
| Q1 25 | — | $23.9M | ||
| Q4 24 | $-16.7M | $548.8M | ||
| Q3 24 | $-3.1M | $72.5M | ||
| Q2 24 | $-1.5M | $-21.0M | ||
| Q1 24 | $-7.1M | $124.4M |
毛利率BOXLGHC
| Q4 25 | — | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 33.8% | — | ||
| Q2 24 | 37.7% | — | ||
| Q1 24 | 34.5% | — |
营业利润率BOXLGHC
| Q4 25 | — | 3.8% | ||
| Q3 25 | -13.4% | 5.2% | ||
| Q2 25 | -12.7% | 6.0% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | -67.6% | 5.8% | ||
| Q3 24 | -2.4% | 6.8% | ||
| Q2 24 | 3.2% | 2.2% | ||
| Q1 24 | -9.7% | 3.1% |
净利率BOXLGHC
| Q4 25 | — | 8.7% | ||
| Q3 25 | -21.1% | 9.6% | ||
| Q2 25 | -15.3% | 3.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | -69.6% | 44.1% | ||
| Q3 24 | -8.4% | 6.0% | ||
| Q2 24 | -3.8% | -1.8% | ||
| Q1 24 | -19.1% | 10.8% |
每股收益（稀释后）BOXLGHC
| Q4 25 | — | $24.76 | ||
| Q3 25 | $-1.88 | $27.91 | ||
| Q2 25 | $-1.53 | $8.35 | ||
| Q1 25 | — | $5.45 | ||
| Q4 24 | $-87.29 | $124.05 | ||
| Q3 24 | $-1.72 | $16.42 | ||
| Q2 24 | $-0.92 | $-4.79 | ||
| Q1 24 | $-0.76 | $27.72 |
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 | $11.8M | $267.0M |
| 总债务越低越好 | $36.7M | — |
| 股东权益账面价值 | $-19.5M | $4.8B |
| 总资产 | $99.6M | $8.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BOXLGHC
| Q4 25 | — | $267.0M | ||
| Q3 25 | $11.8M | $190.8M | ||
| Q2 25 | $7.6M | $176.2M | ||
| Q1 25 | — | $156.7M | ||
| Q4 24 | $8.0M | $260.9M | ||
| Q3 24 | $10.5M | $244.4M | ||
| Q2 24 | $7.5M | $140.7M | ||
| Q1 24 | $11.8M | $130.9M |
总债务BOXLGHC
| Q4 25 | — | — | ||
| Q3 25 | $36.7M | — | ||
| Q2 25 | $39.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $37.1M | — | ||
| Q3 24 | $38.8M | — | ||
| Q2 24 | $40.3M | — | ||
| Q1 24 | $38.5M | — |
股东权益BOXLGHC
| Q4 25 | — | $4.8B | ||
| Q3 25 | $-19.5M | $4.5B | ||
| Q2 25 | $-20.6M | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $-12.9M | $4.3B | ||
| Q3 24 | $6.5M | $4.0B | ||
| Q2 24 | $7.5M | $4.0B | ||
| Q1 24 | $9.1M | $4.0B |
总资产BOXLGHC
| Q4 25 | — | $8.4B | ||
| Q3 25 | $99.6M | $7.9B | ||
| Q2 25 | $99.2M | $7.6B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $115.3M | $7.7B | ||
| Q3 24 | $142.9M | $7.4B | ||
| Q2 24 | $141.3M | $7.2B | ||
| Q1 24 | $142.4M | $7.3B |
负债/权益比BOXLGHC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.93× | — | ||
| Q2 24 | 5.38× | — | ||
| Q1 24 | 4.23× | — |
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 | $1.3M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $5.0M |
| 自由现金流率自由现金流/营收 | — | 0.4% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | — | 0.26× |
| 过去12个月自由现金流最近4个季度 | — | $275.3M |
8季度趋势，按日历期对齐
经营现金流BOXLGHC
| Q4 25 | — | $28.3M | ||
| Q3 25 | $1.3M | $178.1M | ||
| Q2 25 | — | $94.8M | ||
| Q1 25 | — | $46.0M | ||
| Q4 24 | $1.6M | $116.3M | ||
| Q3 24 | $5.2M | $237.6M | ||
| Q2 24 | $-5.4M | $52.0M | ||
| Q1 24 | $-1.9M | $1.1M |
自由现金流BOXLGHC
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $161.8M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | — | $30.5M | ||
| Q4 24 | — | $91.1M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $-20.2M |
自由现金流率BOXLGHC
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | -1.8% |
资本支出强度BOXLGHC
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.8% |
现金转化率BOXLGHC
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 2.58× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 3.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.01× |
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
BOXL
| Products | $27.4M | 93% |
| Services | $2.0M | 7% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
