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Graham Holdings Co（GHC）与UNIVERSAL TECHNICAL INSTITUTE INC（UTI）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UNIVERSAL TECHNICAL INSTITUTE INC的5.7倍（$1.3B vs $220.8M）。Graham Holdings Co净利率更高（8.7% vs 5.8%，领先2.9%）。UNIVERSAL TECHNICAL INSTITUTE INC同比增速更快（9.6% vs 0.4%）。Graham Holdings Co自由现金流更多（$5.0M vs $-19.2M）。过去两年UNIVERSAL TECHNICAL INSTITUTE INC的营收复合增速更高（9.5% 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。
环球技术学院（UTI）是美国的营利性私立技术院校集团，1965年由罗伯特·斯威特创立，专注于提供职业技术类教育课程，培养符合产业需求的技能型人才，在美职业教育领域拥有较长的运营历史与行业经验。
GHC vs UTI — 直观对比
营收规模更大
GHC
是对方的5.7倍
$220.8M
营收增速更快
UTI
高出9.2%
0.4%
净利率更高
GHC
高出2.9%
5.8%
自由现金流更多
GHC
多$24.2M
$-19.2M
两年增速更快
UTI
近两年复合增速
4.2%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $220.8M |
| 净利润 | $108.7M | $12.8M |
| 毛利率 | — | — |
| 营业利润率 | 3.8% | 7.1% |
| 净利率 | 8.7% | 5.8% |
| 营收同比 | 0.4% | 9.6% |
| 净利润同比 | -80.2% | -42.1% |
| 每股收益（稀释后） | $24.76 | $0.23 |
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GHCUTI
| Q4 25 | $1.3B | $220.8M | ||
| Q3 25 | $1.3B | $222.4M | ||
| Q2 25 | $1.2B | $204.3M | ||
| Q1 25 | $1.2B | $207.4M | ||
| Q4 24 | $1.2B | $201.4M | ||
| Q3 24 | $1.2B | $196.4M | ||
| Q2 24 | $1.2B | $177.5M | ||
| Q1 24 | $1.2B | $184.2M |
净利润GHCUTI
| Q4 25 | $108.7M | $12.8M | ||
| Q3 25 | $122.9M | $18.8M | ||
| Q2 25 | $36.7M | $10.7M | ||
| Q1 25 | $23.9M | $11.4M | ||
| Q4 24 | $548.8M | $22.2M | ||
| Q3 24 | $72.5M | $18.8M | ||
| Q2 24 | $-21.0M | $5.0M | ||
| Q1 24 | $124.4M | $7.8M |
营业利润率GHCUTI
| Q4 25 | 3.8% | 7.1% | ||
| Q3 25 | 5.2% | 11.2% | ||
| Q2 25 | 6.0% | 6.9% | ||
| Q1 25 | 4.1% | 8.1% | ||
| Q4 24 | 5.8% | 13.6% | ||
| Q3 24 | 6.8% | 13.3% | ||
| Q2 24 | 2.2% | 4.2% | ||
| Q1 24 | 3.1% | 6.1% |
净利率GHCUTI
| Q4 25 | 8.7% | 5.8% | ||
| Q3 25 | 9.6% | 8.4% | ||
| Q2 25 | 3.0% | 5.2% | ||
| Q1 25 | 2.0% | 5.5% | ||
| Q4 24 | 44.1% | 11.0% | ||
| Q3 24 | 6.0% | 9.6% | ||
| Q2 24 | -1.8% | 2.8% | ||
| Q1 24 | 10.8% | 4.2% |
每股收益（稀释后）GHCUTI
| Q4 25 | $24.76 | $0.23 | ||
| Q3 25 | $27.91 | $0.33 | ||
| Q2 25 | $8.35 | $0.19 | ||
| Q1 25 | $5.45 | $0.21 | ||
| Q4 24 | $124.05 | $0.40 | ||
| Q3 24 | $16.42 | $0.35 | ||
| Q2 24 | $-4.79 | $0.09 | ||
| Q1 24 | $27.72 | $0.14 |
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 | $162.8M |
| 总债务越低越好 | — | $101.4M |
| 股东权益账面价值 | $4.8B | $335.9M |
| 总资产 | $8.4B | $834.0M |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资GHCUTI
| Q4 25 | $267.0M | $162.8M | ||
| Q3 25 | $190.8M | $169.1M | ||
| Q2 25 | $176.2M | $70.7M | ||
| Q1 25 | $156.7M | $96.0M | ||
| Q4 24 | $260.9M | $172.0M | ||
| Q3 24 | $244.4M | $161.9M | ||
| Q2 24 | $140.7M | $115.5M | ||
| Q1 24 | $130.9M | $116.1M |
总债务GHCUTI
| Q4 25 | — | $101.4M | ||
| Q3 25 | — | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | — | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $141.9M |
股东权益GHCUTI
| Q4 25 | $4.8B | $335.9M | ||
| Q3 25 | $4.5B | $328.1M | ||
| Q2 25 | $4.4B | $306.8M | ||
| Q1 25 | $4.3B | $293.9M | ||
| Q4 24 | $4.3B | $280.0M | ||
| Q3 24 | $4.0B | $260.2M | ||
| Q2 24 | $4.0B | $239.4M | ||
| Q1 24 | $4.0B | $232.6M |
总资产GHCUTI
| Q4 25 | $8.4B | $834.0M | ||
| Q3 25 | $7.9B | $826.1M | ||
| Q2 25 | $7.6B | $740.8M | ||
| Q1 25 | $7.6B | $720.4M | ||
| Q4 24 | $7.7B | $753.8M | ||
| Q3 24 | $7.4B | $744.6M | ||
| Q2 24 | $7.2B | $706.0M | ||
| Q1 24 | $7.3B | $702.1M |
负债/权益比GHCUTI
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.61× |
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 | $3.1M |
| 自由现金流经营现金流 - 资本支出 | $5.0M | $-19.2M |
| 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% | 10.1% |
| 现金转化率经营现金流/净利润 | 0.26× | 0.24× |
| 过去12个月自由现金流最近4个季度 | $275.3M | $16.6M |
8季度趋势，按日历期对齐
经营现金流GHCUTI
| Q4 25 | $28.3M | $3.1M | ||
| Q3 25 | $178.1M | $57.1M | ||
| Q2 25 | $94.8M | $18.1M | ||
| Q1 25 | $46.0M | $-789.0K | ||
| Q4 24 | $116.3M | $23.0M | ||
| Q3 24 | $237.6M | $67.5M | ||
| Q2 24 | $52.0M | $10.0M | ||
| Q1 24 | $1.1M | $-2.5M |
自由现金流GHCUTI
| Q4 25 | $5.0M | $-19.2M | ||
| Q3 25 | $161.8M | $40.6M | ||
| Q2 25 | $78.0M | $6.8M | ||
| Q1 25 | $30.5M | $-11.7M | ||
| Q4 24 | $91.1M | $19.6M | ||
| Q3 24 | $219.4M | $60.0M | ||
| Q2 24 | $33.7M | $3.0M | ||
| Q1 24 | $-20.2M | $-8.4M |
自由现金流率GHCUTI
| Q4 25 | 0.4% | -8.7% | ||
| Q3 25 | 12.6% | 18.3% | ||
| Q2 25 | 6.4% | 3.4% | ||
| Q1 25 | 2.6% | -5.7% | ||
| Q4 24 | 7.3% | 9.7% | ||
| Q3 24 | 18.2% | 30.6% | ||
| Q2 24 | 2.8% | 1.7% | ||
| Q1 24 | -1.8% | -4.6% |
资本支出强度GHCUTI
| Q4 25 | 1.9% | 10.1% | ||
| Q3 25 | 1.3% | 7.4% | ||
| Q2 25 | 1.4% | 5.5% | ||
| Q1 25 | 1.3% | 5.3% | ||
| Q4 24 | 2.0% | 1.7% | ||
| Q3 24 | 1.5% | 3.8% | ||
| Q2 24 | 1.5% | 4.0% | ||
| Q1 24 | 1.8% | 3.2% |
现金转化率GHCUTI
| Q4 25 | 0.26× | 0.24× | ||
| Q3 25 | 1.45× | 3.04× | ||
| Q2 25 | 2.58× | 1.69× | ||
| Q1 25 | 1.93× | -0.07× | ||
| Q4 24 | 0.21× | 1.04× | ||
| Q3 24 | 3.28× | 3.58× | ||
| Q2 24 | — | 2.01× | ||
| Q1 24 | 0.01× | -0.32× |
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% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
