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CHEGG, INC（CHGG）与Strategic Education, Inc.（STRA）财务数据对比。点击上方公司名可切换其他公司
Strategic Education, Inc.的季度营收约是CHEGG, INC的4.2倍（$305.9M vs $72.7M）。Strategic Education, Inc.同比增速更快（-0.8% vs -49.4%）。Strategic Education, Inc.自由现金流更多（$57.3M vs $-15.5M）。过去两年Strategic Education, Inc.的营收复合增速更高（-1.0% 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。
Strategic Education, Inc.（简称SEI）是一家教育服务控股企业，前身为斯特雷尔教育公司。旗下拥有营利性在线院校卡佩拉大学、斯特雷尔大学，还运营着DevMountain、Hackbright学院、Sophia Learning等提供非学位课程的教育机构。
CHGG vs STRA — 直观对比
营收规模更大
STRA
是对方的4.2倍
$72.7M
营收增速更快
STRA
高出48.6%
-49.4%
自由现金流更多
STRA
多$72.8M
$-15.5M
两年增速更快
STRA
近两年复合增速
-35.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $72.7M | $305.9M |
| 净利润 | — | $29.7M |
| 毛利率 | 57.3% | — |
| 营业利润率 | -47.2% | 13.0% |
| 净利率 | — | 9.7% |
| 营收同比 | -49.4% | -0.8% |
| 净利润同比 | — | -9.3% |
| 每股收益（稀释后） | $-0.30 | $1.24 |
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CHGGSTRA
| Q1 26 | — | $305.9M | ||
| Q4 25 | $72.7M | $323.2M | ||
| Q3 25 | $77.7M | $319.9M | ||
| Q2 25 | $105.1M | $321.5M | ||
| Q1 25 | $121.4M | $303.6M | ||
| Q4 24 | $143.5M | $311.5M | ||
| Q3 24 | $136.6M | $306.0M | ||
| Q2 24 | $163.1M | $312.3M |
净利润CHGGSTRA
| Q1 26 | — | $29.7M | ||
| Q4 25 | — | $37.9M | ||
| Q3 25 | $-17.5M | $26.6M | ||
| Q2 25 | $-35.7M | $32.3M | ||
| Q1 25 | $-17.5M | $29.7M | ||
| Q4 24 | — | $25.3M | ||
| Q3 24 | $-212.6M | $27.7M | ||
| Q2 24 | $-616.9M | $29.9M |
毛利率CHGGSTRA
| Q1 26 | — | — | ||
| Q4 25 | 57.3% | — | ||
| Q3 25 | 59.2% | — | ||
| Q2 25 | 66.3% | — | ||
| Q1 25 | 55.5% | — | ||
| Q4 24 | 68.2% | — | ||
| Q3 24 | 68.2% | — | ||
| Q2 24 | 72.2% | — |
营业利润率CHGGSTRA
| Q1 26 | — | 13.0% | ||
| Q4 25 | -47.2% | 16.0% | ||
| Q3 25 | -22.0% | 11.6% | ||
| Q2 25 | -34.7% | 14.2% | ||
| Q1 25 | -23.9% | 13.1% | ||
| Q4 24 | -19.0% | 11.6% | ||
| Q3 24 | -162.7% | 11.9% | ||
| Q2 24 | -297.3% | 13.4% |
净利率CHGGSTRA
| Q1 26 | — | 9.7% | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | -22.5% | 8.3% | ||
| Q2 25 | -33.9% | 10.1% | ||
| Q1 25 | -14.4% | 9.8% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | -155.7% | 9.1% | ||
| Q2 24 | -378.1% | 9.6% |
每股收益（稀释后）CHGGSTRA
| Q1 26 | — | $1.24 | ||
| Q4 25 | $-0.30 | $1.65 | ||
| Q3 25 | $-0.16 | $1.15 | ||
| Q2 25 | $-0.33 | $1.37 | ||
| Q1 25 | $-0.17 | $1.24 | ||
| Q4 24 | $-0.03 | $1.05 | ||
| Q3 24 | $-2.05 | $1.15 | ||
| Q2 24 | $-6.01 | $1.24 |
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 | $140.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $119.6M | $1.6B |
| 总资产 | $278.0M | $2.0B |
| 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CHGGSTRA
| Q1 26 | — | $140.8M | ||
| Q4 25 | $72.8M | $148.1M | ||
| Q3 25 | $96.4M | $172.6M | ||
| Q2 25 | $85.6M | $164.9M | ||
| Q1 25 | $88.3M | $182.6M | ||
| Q4 24 | $315.7M | $184.0M | ||
| Q3 24 | $361.1M | $222.1M | ||
| Q2 24 | $345.5M | $256.2M |
股东权益CHGGSTRA
| Q1 26 | — | $1.6B | ||
| Q4 25 | $119.6M | $1.6B | ||
| Q3 25 | $146.1M | $1.7B | ||
| Q2 25 | $157.9M | $1.7B | ||
| Q1 25 | $185.7M | $1.6B | ||
| Q4 24 | $193.0M | $1.7B | ||
| Q3 24 | $185.0M | $1.7B | ||
| Q2 24 | $365.5M | $1.7B |
总资产CHGGSTRA
| Q1 26 | — | $2.0B | ||
| Q4 25 | $278.0M | $2.0B | ||
| Q3 25 | $378.3M | $2.1B | ||
| Q2 25 | $404.5M | $2.1B | ||
| Q1 25 | $438.8M | $2.1B | ||
| Q4 24 | $869.0M | $2.0B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $1.1B | $2.2B |
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 | $67.7M |
| 自由现金流经营现金流 - 资本支出 | $-15.5M | $57.3M |
| 自由现金流率自由现金流/营收 | -21.3% | 18.7% |
| 资本支出强度资本支出/营收 | 8.9% | — |
| 现金转化率经营现金流/净利润 | — | 2.27× |
| 过去12个月自由现金流最近4个季度 | $-12.6M | $153.9M |
8季度趋势，按日历期对齐
经营现金流CHGGSTRA
| Q1 26 | — | $67.7M | ||
| Q4 25 | $-9.0M | $39.2M | ||
| Q3 25 | $4.8M | $60.1M | ||
| Q2 25 | $-4.8M | $31.2M | ||
| Q1 25 | $24.5M | $67.7M | ||
| Q4 24 | $18.1M | $15.9M | ||
| Q3 24 | $39.5M | $51.5M | ||
| Q2 24 | $14.2M | $24.3M |
自由现金流CHGGSTRA
| Q1 26 | — | $57.3M | ||
| Q4 25 | $-15.5M | $27.0M | ||
| Q3 25 | $-943.0K | $49.3M | ||
| Q2 25 | $-12.1M | $20.4M | ||
| Q1 25 | $15.9M | $57.3M | ||
| Q4 24 | $4.8M | $4.7M | ||
| Q3 24 | $23.7M | $42.1M | ||
| Q2 24 | $-3.6M | $13.6M |
自由现金流率CHGGSTRA
| Q1 26 | — | 18.7% | ||
| Q4 25 | -21.3% | 8.3% | ||
| Q3 25 | -1.2% | 15.4% | ||
| Q2 25 | -11.5% | 6.3% | ||
| Q1 25 | 13.1% | 18.9% | ||
| Q4 24 | 3.4% | 1.5% | ||
| Q3 24 | 17.3% | 13.8% | ||
| Q2 24 | -2.2% | 4.3% |
资本支出强度CHGGSTRA
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 3.8% | ||
| Q3 25 | 7.4% | 3.4% | ||
| Q2 25 | 6.9% | 3.4% | ||
| Q1 25 | 7.1% | 3.4% | ||
| Q4 24 | 9.3% | 3.6% | ||
| Q3 24 | 11.6% | 3.1% | ||
| Q2 24 | 10.9% | 3.4% |
现金转化率CHGGSTRA
| Q1 26 | — | 2.27× | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 0.81× |
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
STRA
| U.S. Higher Education | $221.0M | 72% |
| Australia/New Zealand | $48.3M | 16% |
| Education Technology Services | $34.3M | 11% |
