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高途（GOTU）与Stride, Inc.（LRN）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Stride, Inc.的1.2倍（$767.1M vs $631.3M）。过去两年高途的营收复合增速更高（141.9% vs 10.1%）
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。
Stride, Inc.是一家营利性教育机构，主营在线及混合式教育项目。作为教育管理机构，其为K12阶段公立学校学生提供替代传统线下教学的在线教育方案，同时也开设职业学习课程。截至2012年，这家上市企业是全球招生规模最大的教育管理机构。
GOTU vs LRN — 直观对比
营收规模更大
GOTU
是对方的1.2倍
$631.3M
两年增速更快
GOTU
近两年复合增速
10.1%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $767.1M | $631.3M |
| 净利润 | — | $99.5M |
| 毛利率 | — | 41.1% |
| 营业利润率 | — | 23.3% |
| 净利率 | — | 15.8% |
| 营收同比 | — | 7.5% |
| 净利润同比 | — | 3.2% |
| 每股收益（稀释后） | — | $2.12 |
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GOTULRN
| Q4 25 | $767.1M | $631.3M | ||
| Q3 25 | $221.8M | $620.9M | ||
| Q2 25 | $194.0M | $653.6M | ||
| Q1 25 | $205.7M | $613.4M | ||
| Q4 24 | $318.7M | $587.2M | ||
| Q3 24 | $172.2M | $551.1M | ||
| Q2 24 | $139.0M | $534.2M | ||
| Q1 24 | $131.1M | $520.8M |
净利润GOTULRN
| Q4 25 | — | $99.5M | ||
| Q3 25 | $-20.7M | $68.8M | ||
| Q2 25 | $-30.2M | $51.3M | ||
| Q1 25 | — | $99.3M | ||
| Q4 24 | — | $96.4M | ||
| Q3 24 | — | $40.9M | ||
| Q2 24 | $-59.1M | $62.8M | ||
| Q1 24 | $-1.7M | $69.7M |
毛利率GOTULRN
| Q4 25 | — | 41.1% | ||
| Q3 25 | 66.1% | 39.0% | ||
| Q2 25 | 66.0% | 36.6% | ||
| Q1 25 | 69.7% | 40.6% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | 64.4% | 39.2% | ||
| Q2 24 | 69.0% | 35.2% | ||
| Q1 24 | 71.3% | 38.7% |
营业利润率GOTULRN
| Q4 25 | — | 23.3% | ||
| Q3 25 | -11.3% | 11.1% | ||
| Q2 25 | -17.4% | 8.7% | ||
| Q1 25 | — | 21.3% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | -46.0% | 13.8% | ||
| Q1 24 | -8.2% | 17.0% |
净利率GOTULRN
| Q4 25 | — | 15.8% | ||
| Q3 25 | -9.3% | 11.1% | ||
| Q2 25 | -15.5% | 7.9% | ||
| Q1 25 | — | 16.2% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | -42.5% | 11.8% | ||
| Q1 24 | -1.3% | 13.4% |
每股收益（稀释后）GOTULRN
| Q4 25 | — | $2.12 | ||
| Q3 25 | — | $1.40 | ||
| Q2 25 | — | $0.96 | ||
| Q1 25 | — | $2.02 | ||
| Q4 24 | — | $2.03 | ||
| Q3 24 | — | $0.94 | ||
| Q2 24 | — | $1.44 | ||
| Q1 24 | — | $1.60 |
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 | $625.7M |
| 总债务越低越好 | — | $417.2M |
| 股东权益账面价值 | $1.3B | $1.5B |
| 总资产 | $6.2B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资GOTULRN
| Q4 25 | $596.2M | $625.7M | ||
| Q3 25 | $318.7M | $715.1M | ||
| Q2 25 | $814.4M | $985.3M | ||
| Q1 25 | $1.0B | $723.7M | ||
| Q4 24 | $433.8M | $717.5M | ||
| Q3 24 | $855.8M | $522.2M | ||
| Q2 24 | $1.4B | $692.3M | ||
| Q1 24 | $1.2B | $376.6M |
总债务GOTULRN
| Q4 25 | — | $417.2M | ||
| Q3 25 | — | $416.8M | ||
| Q2 25 | — | $416.3M | ||
| Q1 25 | — | $415.9M | ||
| Q4 24 | — | $415.5M | ||
| Q3 24 | — | $415.1M | ||
| Q2 24 | — | $414.7M | ||
| Q1 24 | — | $414.3M |
股东权益GOTULRN
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $264.9M | $1.3B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $3.1B | $1.1B |
总资产GOTULRN
| Q4 25 | $6.2B | $2.3B | ||
| Q3 25 | $5.1B | $2.3B | ||
| Q2 25 | $5.9B | $2.3B | ||
| Q1 25 | $5.2B | $2.2B | ||
| Q4 24 | $798.4M | $2.1B | ||
| Q3 24 | $5.2B | $2.0B | ||
| Q2 24 | $5.8B | $1.9B | ||
| Q1 24 | $5.3B | $1.9B |
负债/权益比GOTULRN
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.38× |
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 | — | $91.8M |
| 自由现金流经营现金流 - 资本支出 | — | $91.6M |
| 自由现金流率自由现金流/营收 | — | 14.5% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | — | $246.3M |
8季度趋势，按日历期对齐
经营现金流GOTULRN
| Q4 25 | — | $91.8M | ||
| Q3 25 | — | $-195.8M | ||
| Q2 25 | — | $298.3M | ||
| Q1 25 | — | $53.1M | ||
| Q4 24 | $35.3M | $223.4M | ||
| Q3 24 | — | $-142.0M | ||
| Q2 24 | — | $172.2M | ||
| Q1 24 | — | $68.6M |
自由现金流GOTULRN
| Q4 25 | — | $91.6M | ||
| Q3 25 | — | $-196.1M | ||
| Q2 25 | — | $297.9M | ||
| Q1 25 | — | $52.9M | ||
| Q4 24 | $10.9M | $222.9M | ||
| Q3 24 | — | $-142.7M | ||
| Q2 24 | — | $171.4M | ||
| Q1 24 | — | $68.4M |
自由现金流率GOTULRN
| Q4 25 | — | 14.5% | ||
| Q3 25 | — | -31.6% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | 3.4% | 38.0% | ||
| Q3 24 | — | -25.9% | ||
| Q2 24 | — | 32.1% | ||
| Q1 24 | — | 13.1% |
资本支出强度GOTULRN
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 7.7% | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.0% |
现金转化率GOTULRN
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | -2.85× | ||
| Q2 25 | — | 5.81× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 2.32× | ||
| Q3 24 | — | -3.47× | ||
| Q2 24 | — | 2.74× | ||
| Q1 24 | — | 0.98× |
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
LRN
| General Education | $341.4M | 54% |
| Middle High School | $275.6M | 44% |
| Adult | $14.3M | 2% |
