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劳瑞德教育集团（LAUR）与Stride, Inc.（LRN）财务数据对比。点击上方公司名可切换其他公司
Stride, Inc.的季度营收约是劳瑞德教育集团的1.2倍（$631.3M vs $541.4M）。劳瑞德教育集团净利率更高（31.7% vs 15.8%，领先15.9%）。劳瑞德教育集团同比增速更快（27.9% vs 7.5%）。Stride, Inc.自由现金流更多（$91.6M vs $26.4M）。过去两年劳瑞德教育集团的营收复合增速更高（40.2% vs 10.1%）
劳瑞德教育集团是总部位于美国佛罗里达州迈阿密的教育运营企业，旗下拥有并运营劳瑞德国际大学体系，在墨西哥、秘鲁设有多个校区，目前于纳斯达克证券交易所公开上市。
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。
LAUR vs LRN — 直观对比
营收规模更大
LRN
是对方的1.2倍
$541.4M
营收增速更快
LAUR
高出20.4%
7.5%
净利率更高
LAUR
高出15.9%
15.8%
自由现金流更多
LRN
多$65.2M
$26.4M
两年增速更快
LAUR
近两年复合增速
10.1%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $541.4M | $631.3M |
| 净利润 | $171.6M | $99.5M |
| 毛利率 | 35.8% | 41.1% |
| 营业利润率 | 33.2% | 23.3% |
| 净利率 | 31.7% | 15.8% |
| 营收同比 | 27.9% | 7.5% |
| 净利润同比 | 83.2% | 3.2% |
| 每股收益（稀释后） | $1.14 | $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LAURLRN
| Q4 25 | $541.4M | $631.3M | ||
| Q3 25 | $400.2M | $620.9M | ||
| Q2 25 | $524.2M | $653.6M | ||
| Q1 25 | $236.2M | $613.4M | ||
| Q4 24 | $423.4M | $587.2M | ||
| Q3 24 | $368.6M | $551.1M | ||
| Q2 24 | $499.2M | $534.2M | ||
| Q1 24 | $275.4M | $520.8M |
净利润LAURLRN
| Q4 25 | $171.6M | $99.5M | ||
| Q3 25 | $34.5M | $68.8M | ||
| Q2 25 | $95.1M | $51.3M | ||
| Q1 25 | $-19.5M | $99.3M | ||
| Q4 24 | $93.6M | $96.4M | ||
| Q3 24 | $85.5M | $40.9M | ||
| Q2 24 | $128.1M | $62.8M | ||
| Q1 24 | $-10.8M | $69.7M |
毛利率LAURLRN
| Q4 25 | 35.8% | 41.1% | ||
| Q3 25 | 20.9% | 39.0% | ||
| Q2 25 | 39.5% | 36.6% | ||
| Q1 25 | -0.9% | 40.6% | ||
| Q4 24 | 32.0% | 40.8% | ||
| Q3 24 | 22.4% | 39.2% | ||
| Q2 24 | 36.1% | 35.2% | ||
| Q1 24 | 7.8% | 38.7% |
营业利润率LAURLRN
| Q4 25 | 33.2% | 23.3% | ||
| Q3 25 | 17.9% | 11.1% | ||
| Q2 25 | 36.9% | 8.7% | ||
| Q1 25 | -5.6% | 21.3% | ||
| Q4 24 | 29.3% | 21.3% | ||
| Q3 24 | 19.5% | 8.6% | ||
| Q2 24 | 33.4% | 13.8% | ||
| Q1 24 | 4.0% | 17.0% |
净利率LAURLRN
| Q4 25 | 31.7% | 15.8% | ||
| Q3 25 | 8.6% | 11.1% | ||
| Q2 25 | 18.1% | 7.9% | ||
| Q1 25 | -8.3% | 16.2% | ||
| Q4 24 | 22.1% | 16.4% | ||
| Q3 24 | 23.2% | 7.4% | ||
| Q2 24 | 25.7% | 11.8% | ||
| Q1 24 | -3.9% | 13.4% |
每股收益（稀释后）LAURLRN
| Q4 25 | $1.14 | $2.12 | ||
| Q3 25 | $0.23 | $1.40 | ||
| Q2 25 | $0.65 | $0.96 | ||
| Q1 25 | $-0.13 | $2.02 | ||
| Q4 24 | $0.60 | $2.03 | ||
| Q3 24 | $0.56 | $0.94 | ||
| Q2 24 | $0.83 | $1.44 | ||
| Q1 24 | $-0.07 | $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 | $146.7M | $625.7M |
| 总债务越低越好 | $73.1M | $417.2M |
| 股东权益账面价值 | $1.2B | $1.5B |
| 总资产 | $2.2B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资LAURLRN
| Q4 25 | $146.7M | $625.7M | ||
| Q3 25 | $241.0M | $715.1M | ||
| Q2 25 | $135.3M | $985.3M | ||
| Q1 25 | $109.8M | $723.7M | ||
| Q4 24 | $91.3M | $717.5M | ||
| Q3 24 | $134.4M | $522.2M | ||
| Q2 24 | $128.8M | $692.3M | ||
| Q1 24 | $126.2M | $376.6M |
总债务LAURLRN
| Q4 25 | $73.1M | $417.2M | ||
| Q3 25 | $70.6M | $416.8M | ||
| Q2 25 | $78.1M | $416.3M | ||
| Q1 25 | $91.0M | $415.9M | ||
| Q4 24 | $59.0M | $415.5M | ||
| Q3 24 | $129.8M | $415.1M | ||
| Q2 24 | $203.0M | $414.7M | ||
| Q1 24 | $176.6M | $414.3M |
股东权益LAURLRN
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $908.5M | $1.4B | ||
| Q4 24 | $959.5M | $1.3B | ||
| Q3 24 | $897.7M | $1.2B | ||
| Q2 24 | $918.0M | $1.2B | ||
| Q1 24 | $933.6M | $1.1B |
总资产LAURLRN
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $1.9B | $2.0B | ||
| Q2 24 | $2.1B | $1.9B | ||
| Q1 24 | $2.2B | $1.9B |
负债/权益比LAURLRN
| Q4 25 | 0.06× | 0.27× | ||
| Q3 25 | 0.06× | 0.27× | ||
| Q2 25 | 0.07× | 0.28× | ||
| Q1 25 | 0.10× | 0.29× | ||
| Q4 24 | 0.06× | 0.32× | ||
| Q3 24 | 0.14× | 0.34× | ||
| Q2 24 | 0.22× | 0.35× | ||
| Q1 24 | 0.19× | 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 | $93.4M | $91.8M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $91.6M |
| 自由现金流率自由现金流/营收 | 4.9% | 14.5% |
| 资本支出强度资本支出/营收 | 12.4% | 0.0% |
| 现金转化率经营现金流/净利润 | 0.54× | 0.92× |
| 过去12个月自由现金流最近4个季度 | $263.1M | $246.3M |
8季度趋势，按日历期对齐
经营现金流LAURLRN
| Q4 25 | $93.4M | $91.8M | ||
| Q3 25 | $141.0M | $-195.8M | ||
| Q2 25 | $74.1M | $298.3M | ||
| Q1 25 | $57.8M | $53.1M | ||
| Q4 24 | $40.7M | $223.4M | ||
| Q3 24 | $118.7M | $-142.0M | ||
| Q2 24 | $40.2M | $172.2M | ||
| Q1 24 | $33.2M | $68.6M |
自由现金流LAURLRN
| Q4 25 | $26.4M | $91.6M | ||
| Q3 25 | $122.8M | $-196.1M | ||
| Q2 25 | $60.8M | $297.9M | ||
| Q1 25 | $53.2M | $52.9M | ||
| Q4 24 | $3.4M | $222.9M | ||
| Q3 24 | $110.7M | $-142.7M | ||
| Q2 24 | $29.5M | $171.4M | ||
| Q1 24 | $17.3M | $68.4M |
自由现金流率LAURLRN
| Q4 25 | 4.9% | 14.5% | ||
| Q3 25 | 30.7% | -31.6% | ||
| Q2 25 | 11.6% | 45.6% | ||
| Q1 25 | 22.5% | 8.6% | ||
| Q4 24 | 0.8% | 38.0% | ||
| Q3 24 | 30.0% | -25.9% | ||
| Q2 24 | 5.9% | 32.1% | ||
| Q1 24 | 6.3% | 13.1% |
资本支出强度LAURLRN
| Q4 25 | 12.4% | 0.0% | ||
| Q3 25 | 4.5% | 0.0% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 2.0% | 0.0% | ||
| Q4 24 | 8.8% | 0.1% | ||
| Q3 24 | 2.2% | 0.1% | ||
| Q2 24 | 2.1% | 0.1% | ||
| Q1 24 | 5.8% | 0.0% |
现金转化率LAURLRN
| Q4 25 | 0.54× | 0.92× | ||
| Q3 25 | 4.09× | -2.85× | ||
| Q2 25 | 0.78× | 5.81× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 0.43× | 2.32× | ||
| Q3 24 | 1.39× | -3.47× | ||
| Q2 24 | 0.31× | 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
LAUR
| Mexico Segment | $275.9M | 51% |
| Peru Segment | $265.5M | 49% |
LRN
| General Education | $341.4M | 54% |
| Middle High School | $275.6M | 44% |
| Adult | $14.3M | 2% |
