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Graham Holdings Co（GHC）与Nerdy Inc.（NRDY）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Nerdy Inc.的25.5倍（$1.3B vs $49.1M）。Graham Holdings Co净利率更高（8.7% vs -18.8%，领先27.5%）。Nerdy Inc.同比增速更快（2.3% vs 0.4%）。Graham Holdings Co自由现金流更多（$5.0M vs $-4.3M）。过去两年Graham Holdings Co的营收复合增速更高（4.2% vs -4.4%）
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。
Nerdy Inc.是总部位于美国的知名教育科技企业，旗下运营Varsity Tutors等在线学习平台，提供一对一实时辅导、点播课程、备考资源及技能培训内容，服务K12学生、高校学习者及职场人士，覆盖多类学业与职业能力提升需求。
GHC vs NRDY — 直观对比
营收规模更大
GHC
是对方的25.5倍
$49.1M
营收增速更快
NRDY
高出1.9%
0.4%
净利率更高
GHC
高出27.5%
-18.8%
自由现金流更多
GHC
多$9.3M
$-4.3M
两年增速更快
GHC
近两年复合增速
-4.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $49.1M |
| 净利润 | $108.7M | $-9.2M |
| 毛利率 | — | 51.0% |
| 营业利润率 | 3.8% | -28.3% |
| 净利率 | 8.7% | -18.8% |
| 营收同比 | 0.4% | 2.3% |
| 净利润同比 | -80.2% | 8.9% |
| 每股收益（稀释后） | $24.76 | $-0.07 |
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GHCNRDY
| Q4 25 | $1.3B | $49.1M | ||
| Q3 25 | $1.3B | $37.0M | ||
| Q2 25 | $1.2B | $45.3M | ||
| Q1 25 | $1.2B | $47.6M | ||
| Q4 24 | $1.2B | $48.0M | ||
| Q3 24 | $1.2B | $37.5M | ||
| Q2 24 | $1.2B | $51.0M | ||
| Q1 24 | $1.2B | $53.7M |
净利润GHCNRDY
| Q4 25 | $108.7M | $-9.2M | ||
| Q3 25 | $122.9M | $-12.3M | ||
| Q2 25 | $36.7M | $-7.9M | ||
| Q1 25 | $23.9M | $-10.5M | ||
| Q4 24 | $548.8M | $-10.1M | ||
| Q3 24 | $72.5M | $-15.9M | ||
| Q2 24 | $-21.0M | $-9.1M | ||
| Q1 24 | $124.4M | $-7.4M |
毛利率GHCNRDY
| Q4 25 | — | 51.0% | ||
| Q3 25 | — | 62.9% | ||
| Q2 25 | — | 61.5% | ||
| Q1 25 | — | 58.0% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | — | 70.5% | ||
| Q2 24 | — | 65.7% | ||
| Q1 24 | — | 68.0% |
营业利润率GHCNRDY
| Q4 25 | 3.8% | -28.3% | ||
| Q3 25 | 5.2% | -51.5% | ||
| Q2 25 | 6.0% | -27.1% | ||
| Q1 25 | 4.1% | -34.8% | ||
| Q4 24 | 5.8% | -34.0% | ||
| Q3 24 | 6.8% | -68.5% | ||
| Q2 24 | 2.2% | -29.9% | ||
| Q1 24 | 3.1% | -23.9% |
净利率GHCNRDY
| Q4 25 | 8.7% | -18.8% | ||
| Q3 25 | 9.6% | -33.2% | ||
| Q2 25 | 3.0% | -17.4% | ||
| Q1 25 | 2.0% | -22.1% | ||
| Q4 24 | 44.1% | -21.1% | ||
| Q3 24 | 6.0% | -42.4% | ||
| Q2 24 | -1.8% | -17.8% | ||
| Q1 24 | 10.8% | -13.9% |
每股收益（稀释后）GHCNRDY
| Q4 25 | $24.76 | $-0.07 | ||
| Q3 25 | $27.91 | $-0.10 | ||
| Q2 25 | $8.35 | $-0.07 | ||
| Q1 25 | $5.45 | $-0.09 | ||
| Q4 24 | $124.05 | $-0.09 | ||
| Q3 24 | $16.42 | $-0.14 | ||
| Q2 24 | $-4.79 | $-0.08 | ||
| 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 | $47.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.8B | $19.0M |
| 总资产 | $8.4B | $76.2M |
| 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GHCNRDY
| Q4 25 | $267.0M | $47.9M | ||
| Q3 25 | $190.8M | $32.7M | ||
| Q2 25 | $176.2M | $36.7M | ||
| Q1 25 | $156.7M | $44.9M | ||
| Q4 24 | $260.9M | $52.5M | ||
| Q3 24 | $244.4M | $65.0M | ||
| Q2 24 | $140.7M | $69.8M | ||
| Q1 24 | $130.9M | $77.0M |
股东权益GHCNRDY
| Q4 25 | $4.8B | $19.0M | ||
| Q3 25 | $4.5B | $24.3M | ||
| Q2 25 | $4.4B | $31.8M | ||
| Q1 25 | $4.3B | $34.4M | ||
| Q4 24 | $4.3B | $39.5M | ||
| Q3 24 | $4.0B | $43.3M | ||
| Q2 24 | $4.0B | $52.2M | ||
| Q1 24 | $4.0B | $52.8M |
总资产GHCNRDY
| Q4 25 | $8.4B | $76.2M | ||
| Q3 25 | $7.9B | $70.4M | ||
| Q2 25 | $7.6B | $73.7M | ||
| Q1 25 | $7.6B | $83.0M | ||
| Q4 24 | $7.7B | $92.5M | ||
| Q3 24 | $7.4B | $106.8M | ||
| Q2 24 | $7.2B | $111.3M | ||
| Q1 24 | $7.3B | $121.3M |
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 | $-2.9M |
| 自由现金流经营现金流 - 资本支出 | $5.0M | $-4.3M |
| 自由现金流率自由现金流/营收 | 0.4% | -8.7% |
| 资本支出强度资本支出/营收 | 1.9% | 2.7% |
| 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 | $-24.2M |
8季度趋势，按日历期对齐
经营现金流GHCNRDY
| Q4 25 | $28.3M | $-2.9M | ||
| Q3 25 | $178.1M | $-2.4M | ||
| Q2 25 | $94.8M | $-7.0M | ||
| Q1 25 | $46.0M | $-6.4M | ||
| Q4 24 | $116.3M | $-11.3M | ||
| Q3 24 | $237.6M | $-3.1M | ||
| Q2 24 | $52.0M | $-5.6M | ||
| Q1 24 | $1.1M | $4.4M |
自由现金流GHCNRDY
| Q4 25 | $5.0M | $-4.3M | ||
| Q3 25 | $161.8M | $-4.1M | ||
| Q2 25 | $78.0M | $-8.2M | ||
| Q1 25 | $30.5M | $-7.6M | ||
| Q4 24 | $91.1M | $-12.5M | ||
| Q3 24 | $219.4M | $-5.0M | ||
| Q2 24 | $33.7M | $-7.1M | ||
| Q1 24 | $-20.2M | $2.1M |
自由现金流率GHCNRDY
| Q4 25 | 0.4% | -8.7% | ||
| Q3 25 | 12.6% | -11.2% | ||
| Q2 25 | 6.4% | -18.1% | ||
| Q1 25 | 2.6% | -16.0% | ||
| Q4 24 | 7.3% | -26.0% | ||
| Q3 24 | 18.2% | -13.3% | ||
| Q2 24 | 2.8% | -14.0% | ||
| Q1 24 | -1.8% | 4.0% |
资本支出强度GHCNRDY
| Q4 25 | 1.9% | 2.7% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 1.4% | 2.6% | ||
| Q1 25 | 1.3% | 2.5% | ||
| Q4 24 | 2.0% | 2.4% | ||
| Q3 24 | 1.5% | 5.2% | ||
| Q2 24 | 1.5% | 3.0% | ||
| Q1 24 | 1.8% | 4.1% |
现金转化率GHCNRDY
| 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
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% |
NRDY
暂无分部数据
