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Graham Holdings Co（GHC）与Grand Canyon Education, Inc.（LOPE）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Grand Canyon Education, Inc.的4.1倍（$1.3B vs $308.1M）。Grand Canyon Education, Inc.净利率更高（28.1% vs 8.7%，领先19.5%）。Grand Canyon Education, Inc.同比增速更快（5.3% vs 0.4%）。Grand Canyon Education, Inc.自由现金流更多（$122.9M vs $5.0M）。过去两年Grand Canyon Education, Inc.的营收复合增速更高（5.9% 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。
大峡谷教育（Grand Canyon Education, Inc.）是美国的营利性上市企业，核心业务为高等院校提供课程开发、在线教育解决方案及运营支持服务。该公司最初与亚利桑那州的基督教院校大峡谷大学关联，2008年分拆为独立实体上市。
GHC vs LOPE — 直观对比
营收规模更大
GHC
是对方的4.1倍
$308.1M
营收增速更快
LOPE
高出4.9%
0.4%
净利率更高
LOPE
高出19.5%
8.7%
自由现金流更多
LOPE
多$117.8M
$5.0M
两年增速更快
LOPE
近两年复合增速
4.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $308.1M |
| 净利润 | $108.7M | $86.7M |
| 毛利率 | — | — |
| 营业利润率 | 3.8% | 35.1% |
| 净利率 | 8.7% | 28.1% |
| 营收同比 | 0.4% | 5.3% |
| 净利润同比 | -80.2% | 5.9% |
| 每股收益（稀释后） | $24.76 | $3.13 |
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GHCLOPE
| Q4 25 | $1.3B | $308.1M | ||
| Q3 25 | $1.3B | $261.1M | ||
| Q2 25 | $1.2B | $247.5M | ||
| Q1 25 | $1.2B | $289.3M | ||
| Q4 24 | $1.2B | $292.6M | ||
| Q3 24 | $1.2B | $238.3M | ||
| Q2 24 | $1.2B | $227.5M | ||
| Q1 24 | $1.2B | $274.7M |
净利润GHCLOPE
| Q4 25 | $108.7M | $86.7M | ||
| Q3 25 | $122.9M | $16.3M | ||
| Q2 25 | $36.7M | $41.5M | ||
| Q1 25 | $23.9M | $71.6M | ||
| Q4 24 | $548.8M | $81.9M | ||
| Q3 24 | $72.5M | $41.5M | ||
| Q2 24 | $-21.0M | $34.9M | ||
| Q1 24 | $124.4M | $68.0M |
营业利润率GHCLOPE
| Q4 25 | 3.8% | 35.1% | ||
| Q3 25 | 5.2% | 6.9% | ||
| Q2 25 | 6.0% | 20.9% | ||
| Q1 25 | 4.1% | 30.4% | ||
| Q4 24 | 5.8% | 34.2% | ||
| Q3 24 | 6.8% | 20.2% | ||
| Q2 24 | 2.2% | 18.8% | ||
| Q1 24 | 3.1% | 30.8% |
净利率GHCLOPE
| Q4 25 | 8.7% | 28.1% | ||
| Q3 25 | 9.6% | 6.2% | ||
| Q2 25 | 3.0% | 16.8% | ||
| Q1 25 | 2.0% | 24.8% | ||
| Q4 24 | 44.1% | 28.0% | ||
| Q3 24 | 6.0% | 17.4% | ||
| Q2 24 | -1.8% | 15.3% | ||
| Q1 24 | 10.8% | 24.8% |
每股收益（稀释后）GHCLOPE
| Q4 25 | $24.76 | $3.13 | ||
| Q3 25 | $27.91 | $0.58 | ||
| Q2 25 | $8.35 | $1.48 | ||
| Q1 25 | $5.45 | $2.52 | ||
| Q4 24 | $124.05 | $2.83 | ||
| Q3 24 | $16.42 | $1.42 | ||
| Q2 24 | $-4.79 | $1.19 | ||
| Q1 24 | $27.72 | $2.29 |
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 | $267.0M | $111.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.8B | $746.9M |
| 总资产 | $8.4B | $992.3M |
| 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GHCLOPE
| Q4 25 | $267.0M | $111.8M | ||
| Q3 25 | $190.8M | $97.3M | ||
| Q2 25 | $176.2M | $192.3M | ||
| Q1 25 | $156.7M | $144.5M | ||
| Q4 24 | $260.9M | $324.6M | ||
| Q3 24 | $244.4M | $263.6M | ||
| Q2 24 | $140.7M | $241.3M | ||
| Q1 24 | $130.9M | $196.2M |
股东权益GHCLOPE
| Q4 25 | $4.8B | $746.9M | ||
| Q3 25 | $4.5B | $758.0M | ||
| Q2 25 | $4.4B | $778.0M | ||
| Q1 25 | $4.3B | $780.7M | ||
| Q4 24 | $4.3B | $783.9M | ||
| Q3 24 | $4.0B | $764.1M | ||
| Q2 24 | $4.0B | $759.2M | ||
| Q1 24 | $4.0B | $759.4M |
总资产GHCLOPE
| Q4 25 | $8.4B | $992.3M | ||
| Q3 25 | $7.9B | $1.0B | ||
| Q2 25 | $7.6B | $1.0B | ||
| Q1 25 | $7.6B | $1.0B | ||
| Q4 24 | $7.7B | $1.0B | ||
| Q3 24 | $7.4B | $992.9M | ||
| Q2 24 | $7.2B | $992.7M | ||
| Q1 24 | $7.3B | $1.0B |
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 | $130.5M |
| 自由现金流经营现金流 - 资本支出 | $5.0M | $122.9M |
| 自由现金流率自由现金流/营收 | 0.4% | 39.9% |
| 资本支出强度资本支出/营收 | 1.9% | 2.5% |
| 现金转化率经营现金流/净利润 | 0.26× | 1.50× |
| 过去12个月自由现金流最近4个季度 | $275.3M | $238.6M |
8季度趋势，按日历期对齐
经营现金流GHCLOPE
| Q4 25 | $28.3M | $130.5M | ||
| Q3 25 | $178.1M | $-48.6M | ||
| Q2 25 | $94.8M | $124.0M | ||
| Q1 25 | $46.0M | $67.6M | ||
| Q4 24 | $116.3M | $135.8M | ||
| Q3 24 | $237.6M | $-29.4M | ||
| Q2 24 | $52.0M | $98.6M | ||
| Q1 24 | $1.1M | $85.0M |
自由现金流GHCLOPE
| Q4 25 | $5.0M | $122.9M | ||
| Q3 25 | $161.8M | $-58.3M | ||
| Q2 25 | $78.0M | $115.4M | ||
| Q1 25 | $30.5M | $58.7M | ||
| Q4 24 | $91.1M | $126.1M | ||
| Q3 24 | $219.4M | $-39.0M | ||
| Q2 24 | $33.7M | $89.6M | ||
| Q1 24 | $-20.2M | $76.0M |
自由现金流率GHCLOPE
| Q4 25 | 0.4% | 39.9% | ||
| Q3 25 | 12.6% | -22.3% | ||
| Q2 25 | 6.4% | 46.6% | ||
| Q1 25 | 2.6% | 20.3% | ||
| Q4 24 | 7.3% | 43.1% | ||
| Q3 24 | 18.2% | -16.3% | ||
| Q2 24 | 2.8% | 39.4% | ||
| Q1 24 | -1.8% | 27.7% |
资本支出强度GHCLOPE
| Q4 25 | 1.9% | 2.5% | ||
| Q3 25 | 1.3% | 3.7% | ||
| Q2 25 | 1.4% | 3.5% | ||
| Q1 25 | 1.3% | 3.1% | ||
| Q4 24 | 2.0% | 3.3% | ||
| Q3 24 | 1.5% | 4.0% | ||
| Q2 24 | 1.5% | 3.9% | ||
| Q1 24 | 1.8% | 3.3% |
现金转化率GHCLOPE
| Q4 25 | 0.26× | 1.50× | ||
| Q3 25 | 1.45× | -2.99× | ||
| Q2 25 | 2.58× | 2.98× | ||
| Q1 25 | 1.93× | 0.94× | ||
| Q4 24 | 0.21× | 1.66× | ||
| Q3 24 | 3.28× | -0.71× | ||
| Q2 24 | — | 2.83× | ||
| Q1 24 | 0.01× | 1.25× |
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% |
LOPE
暂无分部数据
