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KinderCare Learning Companies, Inc.（KLC）与PELOTON INTERACTIVE, INC.（PTON）财务数据对比。点击上方公司名可切换其他公司
KinderCare Learning Companies, Inc.的季度营收约是PELOTON INTERACTIVE, INC.的1.0倍（$676.8M vs $656.5M），KinderCare Learning Companies, Inc.净利率更高（0.7% vs -5.9%，领先6.6%），KinderCare Learning Companies, Inc.同比增速更快（0.8% vs -2.6%），PELOTON INTERACTIVE, INC.自由现金流更多（$71.0M vs $62.6M）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
派乐腾（Peloton Interactive）是总部位于美国纽约的健身设备与媒体服务商，主打搭载联网触控屏的动感单车、跑步机、室内划船器等产品，用户付费订阅即可观看直播和录播健身课程，设备内置传感器可追踪运动功率等数据，为用户提供实时运动表现反馈，还支持排行榜功能与其他用户互动比拼。
KLC vs PTON — 直观对比
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $656.5M |
| 净利润 | $4.5M | $-38.8M |
| 毛利率 | — | 50.5% |
| 营业利润率 | 3.9% | -2.2% |
| 净利率 | 0.7% | -5.9% |
| 营收同比 | 0.8% | -2.6% |
| 净利润同比 | -67.4% | 57.8% |
| 每股收益（稀释后） | $0.04 | $-0.09 |
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
| Q4 25 | — | $656.5M | ||
| Q3 25 | $676.8M | $550.8M | ||
| Q2 25 | $700.1M | — | ||
| Q1 25 | $668.2M | — | ||
| Q4 24 | $647.0M | — | ||
| Q3 24 | $671.5M | — |
| Q4 25 | — | $-38.8M | ||
| Q3 25 | $4.5M | $13.9M | ||
| Q2 25 | $38.6M | — | ||
| Q1 25 | $21.2M | — | ||
| Q4 24 | $-133.6M | — | ||
| Q3 24 | $14.0M | — |
| Q4 25 | — | 50.5% | ||
| Q3 25 | — | 51.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q4 25 | — | -2.2% | ||
| Q3 25 | 3.9% | 7.5% | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | -13.8% | — | ||
| Q3 24 | 8.1% | — |
| Q4 25 | — | -5.9% | ||
| Q3 25 | 0.7% | 2.5% | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | -20.6% | — | ||
| Q3 24 | 2.1% | — |
| Q4 25 | — | $-0.09 | ||
| Q3 25 | $0.04 | $0.03 | ||
| Q2 25 | $0.33 | — | ||
| Q1 25 | $0.18 | — | ||
| Q4 24 | $-1.17 | — | ||
| Q3 24 | $0.15 | — |
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 | $174.7M | $1.2B |
| 总债务越低越好 | $930.9M | $1.5B |
| 股东权益账面价值 | $931.2M | $-326.7M |
| 总资产 | $3.9B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $1.2B | ||
| Q3 25 | $174.7M | $1.1B | ||
| Q2 25 | $119.0M | — | ||
| Q1 25 | $131.3M | — | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $137.2M | — |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $930.9M | $1.5B | ||
| Q2 25 | $926.5M | — | ||
| Q1 25 | $927.4M | — | ||
| Q4 24 | $926.0M | — | ||
| Q3 24 | $1.5B | — |
| Q4 25 | — | $-326.7M | ||
| Q3 25 | $931.2M | $-347.0M | ||
| Q2 25 | $924.3M | — | ||
| Q1 25 | $884.9M | — | ||
| Q4 24 | $864.5M | — | ||
| Q3 24 | $235.6M | — |
| Q4 25 | — | $2.2B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.7B | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 6.42× | — |
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 | $100.8M | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $71.0M |
| 自由现金流率自由现金流/营收 | 9.2% | 10.8% |
| 资本支出强度资本支出/营收 | 5.6% | 0.1% |
| 现金转化率经营现金流/净利润 | 22.15× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $71.9M | ||
| Q3 25 | $100.8M | $71.9M | ||
| Q2 25 | $35.0M | — | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q4 25 | — | $71.0M | ||
| Q3 25 | $62.6M | $67.4M | ||
| Q2 25 | $671.0K | — | ||
| Q1 25 | $75.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q4 25 | — | 10.8% | ||
| Q3 25 | 9.2% | 12.2% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 5.6% | 0.8% | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 22.15× | 5.17× | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 4.65× | — | ||
| Q4 24 | — | — | ||
| Q3 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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
