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Graham Holdings Co（GHC）与劳瑞德教育集团（LAUR）财务数据对比。点击上方公司名可切换其他公司
Graham Holdings Co的季度营收约是劳瑞德教育集团的2.3倍（$1.3B vs $541.4M）。劳瑞德教育集团净利率更高（31.7% vs 8.7%，领先23.0%）。劳瑞德教育集团同比增速更快（27.9% vs 0.4%）。劳瑞德教育集团自由现金流更多（$26.4M vs $5.0M）。过去两年劳瑞德教育集团的营收复合增速更高（40.2% vs 4.2%）
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。
劳瑞德教育集团是总部位于美国佛罗里达州迈阿密的教育运营企业，旗下拥有并运营劳瑞德国际大学体系，在墨西哥、秘鲁设有多个校区，目前于纳斯达克证券交易所公开上市。
GHC vs LAUR — 直观对比
营收规模更大
GHC
是对方的2.3倍
$541.4M
营收增速更快
LAUR
高出27.4%
0.4%
净利率更高
LAUR
高出23.0%
8.7%
自由现金流更多
LAUR
多$21.4M
$5.0M
两年增速更快
LAUR
近两年复合增速
4.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $541.4M |
| 净利润 | $108.7M | $171.6M |
| 毛利率 | — | 35.8% |
| 营业利润率 | 3.8% | 33.2% |
| 净利率 | 8.7% | 31.7% |
| 营收同比 | 0.4% | 27.9% |
| 净利润同比 | -80.2% | 83.2% |
| 每股收益（稀释后） | $24.76 | $1.14 |
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GHCLAUR
| Q4 25 | $1.3B | $541.4M | ||
| Q3 25 | $1.3B | $400.2M | ||
| Q2 25 | $1.2B | $524.2M | ||
| Q1 25 | $1.2B | $236.2M | ||
| Q4 24 | $1.2B | $423.4M | ||
| Q3 24 | $1.2B | $368.6M | ||
| Q2 24 | $1.2B | $499.2M | ||
| Q1 24 | $1.2B | $275.4M |
净利润GHCLAUR
| Q4 25 | $108.7M | $171.6M | ||
| Q3 25 | $122.9M | $34.5M | ||
| Q2 25 | $36.7M | $95.1M | ||
| Q1 25 | $23.9M | $-19.5M | ||
| Q4 24 | $548.8M | $93.6M | ||
| Q3 24 | $72.5M | $85.5M | ||
| Q2 24 | $-21.0M | $128.1M | ||
| Q1 24 | $124.4M | $-10.8M |
毛利率GHCLAUR
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | 39.5% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 22.4% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 7.8% |
营业利润率GHCLAUR
| Q4 25 | 3.8% | 33.2% | ||
| Q3 25 | 5.2% | 17.9% | ||
| Q2 25 | 6.0% | 36.9% | ||
| Q1 25 | 4.1% | -5.6% | ||
| Q4 24 | 5.8% | 29.3% | ||
| Q3 24 | 6.8% | 19.5% | ||
| Q2 24 | 2.2% | 33.4% | ||
| Q1 24 | 3.1% | 4.0% |
净利率GHCLAUR
| Q4 25 | 8.7% | 31.7% | ||
| Q3 25 | 9.6% | 8.6% | ||
| Q2 25 | 3.0% | 18.1% | ||
| Q1 25 | 2.0% | -8.3% | ||
| Q4 24 | 44.1% | 22.1% | ||
| Q3 24 | 6.0% | 23.2% | ||
| Q2 24 | -1.8% | 25.7% | ||
| Q1 24 | 10.8% | -3.9% |
每股收益（稀释后）GHCLAUR
| Q4 25 | $24.76 | $1.14 | ||
| Q3 25 | $27.91 | $0.23 | ||
| Q2 25 | $8.35 | $0.65 | ||
| Q1 25 | $5.45 | $-0.13 | ||
| Q4 24 | $124.05 | $0.60 | ||
| Q3 24 | $16.42 | $0.56 | ||
| Q2 24 | $-4.79 | $0.83 | ||
| Q1 24 | $27.72 | $-0.07 |
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 | $267.0M | $146.7M |
| 总债务越低越好 | — | $73.1M |
| 股东权益账面价值 | $4.8B | $1.2B |
| 总资产 | $8.4B | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资GHCLAUR
| Q4 25 | $267.0M | $146.7M | ||
| Q3 25 | $190.8M | $241.0M | ||
| Q2 25 | $176.2M | $135.3M | ||
| Q1 25 | $156.7M | $109.8M | ||
| Q4 24 | $260.9M | $91.3M | ||
| Q3 24 | $244.4M | $134.4M | ||
| Q2 24 | $140.7M | $128.8M | ||
| Q1 24 | $130.9M | $126.2M |
总债务GHCLAUR
| Q4 25 | — | $73.1M | ||
| Q3 25 | — | $70.6M | ||
| Q2 25 | — | $78.1M | ||
| Q1 25 | — | $91.0M | ||
| Q4 24 | — | $59.0M | ||
| Q3 24 | — | $129.8M | ||
| Q2 24 | — | $203.0M | ||
| Q1 24 | — | $176.6M |
股东权益GHCLAUR
| Q4 25 | $4.8B | $1.2B | ||
| Q3 25 | $4.5B | $1.1B | ||
| Q2 25 | $4.4B | $1.1B | ||
| Q1 25 | $4.3B | $908.5M | ||
| Q4 24 | $4.3B | $959.5M | ||
| Q3 24 | $4.0B | $897.7M | ||
| Q2 24 | $4.0B | $918.0M | ||
| Q1 24 | $4.0B | $933.6M |
总资产GHCLAUR
| Q4 25 | $8.4B | $2.2B | ||
| Q3 25 | $7.9B | $2.1B | ||
| Q2 25 | $7.6B | $2.0B | ||
| Q1 25 | $7.6B | $1.9B | ||
| Q4 24 | $7.7B | $1.9B | ||
| Q3 24 | $7.4B | $1.9B | ||
| Q2 24 | $7.2B | $2.1B | ||
| Q1 24 | $7.3B | $2.2B |
负债/权益比GHCLAUR
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.19× |
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 | $28.3M | $93.4M |
| 自由现金流经营现金流 - 资本支出 | $5.0M | $26.4M |
| 自由现金流率自由现金流/营收 | 0.4% | 4.9% |
| 资本支出强度资本支出/营收 | 1.9% | 12.4% |
| 现金转化率经营现金流/净利润 | 0.26× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $275.3M | $263.1M |
8季度趋势，按日历期对齐
经营现金流GHCLAUR
| Q4 25 | $28.3M | $93.4M | ||
| Q3 25 | $178.1M | $141.0M | ||
| Q2 25 | $94.8M | $74.1M | ||
| Q1 25 | $46.0M | $57.8M | ||
| Q4 24 | $116.3M | $40.7M | ||
| Q3 24 | $237.6M | $118.7M | ||
| Q2 24 | $52.0M | $40.2M | ||
| Q1 24 | $1.1M | $33.2M |
自由现金流GHCLAUR
| Q4 25 | $5.0M | $26.4M | ||
| Q3 25 | $161.8M | $122.8M | ||
| Q2 25 | $78.0M | $60.8M | ||
| Q1 25 | $30.5M | $53.2M | ||
| Q4 24 | $91.1M | $3.4M | ||
| Q3 24 | $219.4M | $110.7M | ||
| Q2 24 | $33.7M | $29.5M | ||
| Q1 24 | $-20.2M | $17.3M |
自由现金流率GHCLAUR
| Q4 25 | 0.4% | 4.9% | ||
| Q3 25 | 12.6% | 30.7% | ||
| Q2 25 | 6.4% | 11.6% | ||
| Q1 25 | 2.6% | 22.5% | ||
| Q4 24 | 7.3% | 0.8% | ||
| Q3 24 | 18.2% | 30.0% | ||
| Q2 24 | 2.8% | 5.9% | ||
| Q1 24 | -1.8% | 6.3% |
资本支出强度GHCLAUR
| Q4 25 | 1.9% | 12.4% | ||
| Q3 25 | 1.3% | 4.5% | ||
| Q2 25 | 1.4% | 2.5% | ||
| Q1 25 | 1.3% | 2.0% | ||
| Q4 24 | 2.0% | 8.8% | ||
| Q3 24 | 1.5% | 2.2% | ||
| Q2 24 | 1.5% | 2.1% | ||
| Q1 24 | 1.8% | 5.8% |
现金转化率GHCLAUR
| Q4 25 | 0.26× | 0.54× | ||
| Q3 25 | 1.45× | 4.09× | ||
| Q2 25 | 2.58× | 0.78× | ||
| Q1 25 | 1.93× | — | ||
| Q4 24 | 0.21× | 0.43× | ||
| Q3 24 | 3.28× | 1.39× | ||
| Q2 24 | — | 0.31× | ||
| 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
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% |
LAUR
| Mexico Segment | $275.9M | 51% |
| Peru Segment | $265.5M | 49% |
