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高途（GOTU）与LINCOLN EDUCATIONAL SERVICES CORP（LINC）财务数据对比。点击上方公司名可切换其他公司
高途的季度营收约是LINCOLN EDUCATIONAL SERVICES CORP的5.4倍（$767.1M vs $142.9M）。过去两年高途的营收复合增速更高（141.9% vs 17.6%）
高途教育是中国一家教育科技企业，成立于2014年，核心业务包括K12阶段学生的在线辅导，同时也面向成人开设外语学习与职业培训类课程，跟谁学是其旗下核心在线教育平台。
林肯技术教育集团是美国营利性高等职业教育机构，总部位于新泽西州帕西帕尼，在美国科罗拉多、康涅狄格、佐治亚等12个州都设有校区，所有校区均由林肯教育服务公司持有运营，主打面向就业的高等职业技术教育服务。
GOTU vs LINC — 直观对比
营收规模更大
GOTU
是对方的5.4倍
$142.9M
两年增速更快
GOTU
近两年复合增速
17.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $767.1M | $142.9M |
| 净利润 | — | $12.7M |
| 毛利率 | — | 62.3% |
| 营业利润率 | — | 12.4% |
| 净利率 | — | 8.9% |
| 营收同比 | — | 19.7% |
| 净利润同比 | — | 85.9% |
| 每股收益（稀释后） | — | $0.41 |
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GOTULINC
| Q4 25 | $767.1M | $142.9M | ||
| Q3 25 | $221.8M | $141.4M | ||
| Q2 25 | $194.0M | $116.5M | ||
| Q1 25 | $205.7M | $117.5M | ||
| Q4 24 | $318.7M | $119.4M | ||
| Q3 24 | $172.2M | $114.4M | ||
| Q2 24 | $139.0M | $102.9M | ||
| Q1 24 | $131.1M | $103.4M |
净利润GOTULINC
| Q4 25 | — | $12.7M | ||
| Q3 25 | $-20.7M | $3.8M | ||
| Q2 25 | $-30.2M | $1.6M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | $-59.1M | $-682.0K | ||
| Q1 24 | $-1.7M | $-214.0K |
毛利率GOTULINC
| Q4 25 | — | 62.3% | ||
| Q3 25 | 66.1% | 59.5% | ||
| Q2 25 | 66.0% | 59.8% | ||
| Q1 25 | 69.7% | 59.7% | ||
| Q4 24 | — | 62.2% | ||
| Q3 24 | 64.4% | 58.0% | ||
| Q2 24 | 69.0% | 55.7% | ||
| Q1 24 | 71.3% | 58.4% |
营业利润率GOTULINC
| Q4 25 | — | 12.4% | ||
| Q3 25 | -11.3% | 4.4% | ||
| Q2 25 | -17.4% | 2.5% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | -46.0% | -1.1% | ||
| Q1 24 | -8.2% | -0.4% |
净利率GOTULINC
| Q4 25 | — | 8.9% | ||
| Q3 25 | -9.3% | 2.7% | ||
| Q2 25 | -15.5% | 1.3% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | -42.5% | -0.7% | ||
| Q1 24 | -1.3% | -0.2% |
每股收益（稀释后）GOTULINC
| Q4 25 | — | $0.41 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | — | $0.13 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.01 |
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 | $596.2M | $28.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $199.7M |
| 总资产 | $6.2B | $493.2M |
| 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GOTULINC
| Q4 25 | $596.2M | $28.5M | ||
| Q3 25 | $318.7M | $13.5M | ||
| Q2 25 | $814.4M | $16.7M | ||
| Q1 25 | $1.0B | $28.7M | ||
| Q4 24 | $433.8M | $59.3M | ||
| Q3 24 | $855.8M | $54.0M | ||
| Q2 24 | $1.4B | $67.0M | ||
| Q1 24 | $1.2B | $68.6M |
股东权益GOTULINC
| Q4 25 | $1.3B | $199.7M | ||
| Q3 25 | $1.4B | $185.9M | ||
| Q2 25 | $1.6B | $180.7M | ||
| Q1 25 | $1.9B | $177.8M | ||
| Q4 24 | $264.9M | $178.3M | ||
| Q3 24 | $2.1B | $170.0M | ||
| Q2 24 | $2.7B | $164.9M | ||
| Q1 24 | $3.1B | $164.5M |
总资产GOTULINC
| Q4 25 | $6.2B | $493.2M | ||
| Q3 25 | $5.1B | $466.9M | ||
| Q2 25 | $5.9B | $447.3M | ||
| Q1 25 | $5.2B | $427.4M | ||
| Q4 24 | $798.4M | $436.6M | ||
| Q3 24 | $5.2B | $404.0M | ||
| Q2 24 | $5.8B | $366.4M | ||
| Q1 24 | $5.3B | $355.2M |
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 | — | $43.5M |
| 自由现金流经营现金流 - 资本支出 | — | $25.0M |
| 自由现金流率自由现金流/营收 | — | 17.5% |
| 资本支出强度资本支出/营收 | — | 13.0% |
| 现金转化率经营现金流/净利润 | — | 3.43× |
| 过去12个月自由现金流最近4个季度 | — | $-27.3M |
8季度趋势，按日历期对齐
经营现金流GOTULINC
| Q4 25 | — | $43.5M | ||
| Q3 25 | — | $23.9M | ||
| Q2 25 | — | $299.0K | ||
| Q1 25 | — | $-8.4M | ||
| Q4 24 | $35.3M | $30.3M | ||
| Q3 24 | — | $5.6M | ||
| Q2 24 | — | $8.3M | ||
| Q1 24 | — | $-14.9M |
自由现金流GOTULINC
| Q4 25 | — | $25.0M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $-26.1M | ||
| Q1 25 | — | $-28.3M | ||
| Q4 24 | $10.9M | $5.5M | ||
| Q3 24 | — | $-13.8M | ||
| Q2 24 | — | $-2.7M | ||
| Q1 24 | — | $-16.6M |
自由现金流率GOTULINC
| Q4 25 | — | 17.5% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | -22.4% | ||
| Q1 25 | — | -24.1% | ||
| Q4 24 | 3.4% | 4.6% | ||
| Q3 24 | — | -12.0% | ||
| Q2 24 | — | -2.6% | ||
| Q1 24 | — | -16.1% |
资本支出强度GOTULINC
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 22.7% | ||
| Q1 25 | — | 16.9% | ||
| Q4 24 | 7.7% | 20.8% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 1.6% |
现金转化率GOTULINC
| Q4 25 | — | 3.43× | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | -4.31× | ||
| Q4 24 | — | 4.43× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
GOTU
暂无分部数据
LINC
| Transferred Over Time | $136.0M | 95% |
| Transferred At Point In Time | $6.9M | 5% |
