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CHEGG, INC（CHGG）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CHEGG, INC的8.7倍（$631.3M vs $72.7M）。Stride, Inc.同比增速更快（7.5% vs -49.4%）。Stride, Inc.自由现金流更多（$91.6M vs $-15.5M）。过去两年Stride, Inc.的营收复合增速更高（10.1% vs -35.4%）
Chegg是一家总部位于美国加利福尼亚州圣克拉拉的教育科技公司，依托人工智能技术，为学生提供作业辅导、数字及实体教材租赁、在线辅导等各类学生服务，目前拥有660万订阅用户，也因被指协助学生作弊、违反学术诚信而广受批评。
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。
CHGG vs LRN — 直观对比
营收规模更大
LRN
是对方的8.7倍
$72.7M
营收增速更快
LRN
高出56.9%
-49.4%
自由现金流更多
LRN
多$107.1M
$-15.5M
两年增速更快
LRN
近两年复合增速
-35.4%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $72.7M | $631.3M |
| 净利润 | — | $99.5M |
| 毛利率 | 57.3% | 41.1% |
| 营业利润率 | -47.2% | 23.3% |
| 净利率 | — | 15.8% |
| 营收同比 | -49.4% | 7.5% |
| 净利润同比 | — | 3.2% |
| 每股收益（稀释后） | $-0.30 | $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CHGGLRN
| Q4 25 | $72.7M | $631.3M | ||
| Q3 25 | $77.7M | $620.9M | ||
| Q2 25 | $105.1M | $653.6M | ||
| Q1 25 | $121.4M | $613.4M | ||
| Q4 24 | $143.5M | $587.2M | ||
| Q3 24 | $136.6M | $551.1M | ||
| Q2 24 | $163.1M | $534.2M | ||
| Q1 24 | $174.3M | $520.8M |
净利润CHGGLRN
| Q4 25 | — | $99.5M | ||
| Q3 25 | $-17.5M | $68.8M | ||
| Q2 25 | $-35.7M | $51.3M | ||
| Q1 25 | $-17.5M | $99.3M | ||
| Q4 24 | — | $96.4M | ||
| Q3 24 | $-212.6M | $40.9M | ||
| Q2 24 | $-616.9M | $62.8M | ||
| Q1 24 | $-1.4M | $69.7M |
毛利率CHGGLRN
| Q4 25 | 57.3% | 41.1% | ||
| Q3 25 | 59.2% | 39.0% | ||
| Q2 25 | 66.3% | 36.6% | ||
| Q1 25 | 55.5% | 40.6% | ||
| Q4 24 | 68.2% | 40.8% | ||
| Q3 24 | 68.2% | 39.2% | ||
| Q2 24 | 72.2% | 35.2% | ||
| Q1 24 | 73.3% | 38.7% |
营业利润率CHGGLRN
| Q4 25 | -47.2% | 23.3% | ||
| Q3 25 | -22.0% | 11.1% | ||
| Q2 25 | -34.7% | 8.7% | ||
| Q1 25 | -23.9% | 21.3% | ||
| Q4 24 | -19.0% | 21.3% | ||
| Q3 24 | -162.7% | 8.6% | ||
| Q2 24 | -297.3% | 13.8% | ||
| Q1 24 | -1.4% | 17.0% |
净利率CHGGLRN
| Q4 25 | — | 15.8% | ||
| Q3 25 | -22.5% | 11.1% | ||
| Q2 25 | -33.9% | 7.9% | ||
| Q1 25 | -14.4% | 16.2% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | -155.7% | 7.4% | ||
| Q2 24 | -378.1% | 11.8% | ||
| Q1 24 | -0.8% | 13.4% |
每股收益（稀释后）CHGGLRN
| Q4 25 | $-0.30 | $2.12 | ||
| Q3 25 | $-0.16 | $1.40 | ||
| Q2 25 | $-0.33 | $0.96 | ||
| Q1 25 | $-0.17 | $2.02 | ||
| Q4 24 | $-0.03 | $2.03 | ||
| Q3 24 | $-2.05 | $0.94 | ||
| Q2 24 | $-6.01 | $1.44 | ||
| Q1 24 | $-0.01 | $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 | $72.8M | $625.7M |
| 总债务越低越好 | — | $417.2M |
| 股东权益账面价值 | $119.6M | $1.5B |
| 总资产 | $278.0M | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资CHGGLRN
| Q4 25 | $72.8M | $625.7M | ||
| Q3 25 | $96.4M | $715.1M | ||
| Q2 25 | $85.6M | $985.3M | ||
| Q1 25 | $88.3M | $723.7M | ||
| Q4 24 | $315.7M | $717.5M | ||
| Q3 24 | $361.1M | $522.2M | ||
| Q2 24 | $345.5M | $692.3M | ||
| Q1 24 | $390.8M | $376.6M |
总债务CHGGLRN
| Q4 25 | — | $417.2M | ||
| Q3 25 | — | $416.8M | ||
| Q2 25 | — | $416.3M | ||
| Q1 25 | — | $415.9M | ||
| Q4 24 | — | $415.5M | ||
| Q3 24 | — | $415.1M | ||
| Q2 24 | — | $414.7M | ||
| Q1 24 | — | $414.3M |
股东权益CHGGLRN
| Q4 25 | $119.6M | $1.5B | ||
| Q3 25 | $146.1M | $1.5B | ||
| Q2 25 | $157.9M | $1.5B | ||
| Q1 25 | $185.7M | $1.4B | ||
| Q4 24 | $193.0M | $1.3B | ||
| Q3 24 | $185.0M | $1.2B | ||
| Q2 24 | $365.5M | $1.2B | ||
| Q1 24 | $963.5M | $1.1B |
总资产CHGGLRN
| Q4 25 | $278.0M | $2.3B | ||
| Q3 25 | $378.3M | $2.3B | ||
| Q2 25 | $404.5M | $2.3B | ||
| Q1 25 | $438.8M | $2.2B | ||
| Q4 24 | $869.0M | $2.1B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.7B | $1.9B |
负债/权益比CHGGLRN
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 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 | $-9.0M | $91.8M |
| 自由现金流经营现金流 - 资本支出 | $-15.5M | $91.6M |
| 自由现金流率自由现金流/营收 | -21.3% | 14.5% |
| 资本支出强度资本支出/营收 | 8.9% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | $-12.6M | $246.3M |
8季度趋势，按日历期对齐
经营现金流CHGGLRN
| Q4 25 | $-9.0M | $91.8M | ||
| Q3 25 | $4.8M | $-195.8M | ||
| Q2 25 | $-4.8M | $298.3M | ||
| Q1 25 | $24.5M | $53.1M | ||
| Q4 24 | $18.1M | $223.4M | ||
| Q3 24 | $39.5M | $-142.0M | ||
| Q2 24 | $14.2M | $172.2M | ||
| Q1 24 | $53.3M | $68.6M |
自由现金流CHGGLRN
| Q4 25 | $-15.5M | $91.6M | ||
| Q3 25 | $-943.0K | $-196.1M | ||
| Q2 25 | $-12.1M | $297.9M | ||
| Q1 25 | $15.9M | $52.9M | ||
| Q4 24 | $4.8M | $222.9M | ||
| Q3 24 | $23.7M | $-142.7M | ||
| Q2 24 | $-3.6M | $171.4M | ||
| Q1 24 | $25.3M | $68.4M |
自由现金流率CHGGLRN
| Q4 25 | -21.3% | 14.5% | ||
| Q3 25 | -1.2% | -31.6% | ||
| Q2 25 | -11.5% | 45.6% | ||
| Q1 25 | 13.1% | 8.6% | ||
| Q4 24 | 3.4% | 38.0% | ||
| Q3 24 | 17.3% | -25.9% | ||
| Q2 24 | -2.2% | 32.1% | ||
| Q1 24 | 14.5% | 13.1% |
资本支出强度CHGGLRN
| Q4 25 | 8.9% | 0.0% | ||
| Q3 25 | 7.4% | 0.0% | ||
| Q2 25 | 6.9% | 0.1% | ||
| Q1 25 | 7.1% | 0.0% | ||
| Q4 24 | 9.3% | 0.1% | ||
| Q3 24 | 11.6% | 0.1% | ||
| Q2 24 | 10.9% | 0.1% | ||
| Q1 24 | 16.1% | 0.0% |
现金转化率CHGGLRN
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | -2.85× | ||
| Q2 25 | — | 5.81× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 2.32× | ||
| Q3 24 | — | -3.47× | ||
| Q2 24 | — | 2.74× | ||
| Q1 24 | — | 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
CHGG
暂无分部数据
LRN
| General Education | $341.4M | 54% |
| Middle High School | $275.6M | 44% |
| Adult | $14.3M | 2% |
