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LINCOLN EDUCATIONAL SERVICES CORP（LINC）与PUMA BIOTECHNOLOGY, INC.（PBYI）财务数据对比。点击上方公司名可切换其他公司
LINCOLN EDUCATIONAL SERVICES CORP的季度营收约是PUMA BIOTECHNOLOGY, INC.的1.9倍（$142.9M vs $75.5M），PUMA BIOTECHNOLOGY, INC.同比增速更快（27.7% vs 19.7%），LINCOLN EDUCATIONAL SERVICES CORP自由现金流更多（$25.0M vs $14.4M），过去两年PUMA BIOTECHNOLOGY, INC.的营收复合增速更高（31.3% vs 17.6%）
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。
彪马生物技术是一家公开上市的生物制药企业，总部位于美国加利福尼亚州洛杉矶，专注于创新药物研发相关业务，在生物制药领域开展研发与商业化运营。
LINC vs PBYI — 直观对比
营收规模更大
LINC
是对方的1.9倍
$75.5M
营收增速更快
PBYI
高出8.0%
19.7%
自由现金流更多
LINC
多$10.6M
$14.4M
两年增速更快
PBYI
近两年复合增速
17.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $142.9M | $75.5M |
| 净利润 | $12.7M | — |
| 毛利率 | 62.3% | 69.3% |
| 营业利润率 | 12.4% | 22.7% |
| 净利率 | 8.9% | — |
| 营收同比 | 19.7% | 27.7% |
| 净利润同比 | 85.9% | — |
| 每股收益（稀释后） | $0.41 | $0.26 |
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LINCPBYI
| Q4 25 | $142.9M | $75.5M | ||
| Q3 25 | $141.4M | $54.5M | ||
| Q2 25 | $116.5M | $52.4M | ||
| Q1 25 | $117.5M | $46.0M | ||
| Q4 24 | $119.4M | $59.1M | ||
| Q3 24 | $114.4M | $80.5M | ||
| Q2 24 | $102.9M | $47.1M | ||
| Q1 24 | $103.4M | $43.8M |
净利润LINCPBYI
| Q4 25 | $12.7M | — | ||
| Q3 25 | $3.8M | $8.8M | ||
| Q2 25 | $1.6M | $5.9M | ||
| Q1 25 | $1.9M | $3.0M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $4.0M | $20.3M | ||
| Q2 24 | $-682.0K | $-4.5M | ||
| Q1 24 | $-214.0K | $-4.8M |
毛利率LINCPBYI
| Q4 25 | 62.3% | 69.3% | ||
| Q3 25 | 59.5% | 77.7% | ||
| Q2 25 | 59.8% | 76.5% | ||
| Q1 25 | 59.7% | 77.1% | ||
| Q4 24 | 62.2% | 76.4% | ||
| Q3 24 | 58.0% | 63.9% | ||
| Q2 24 | 55.7% | 77.4% | ||
| Q1 24 | 58.4% | 75.5% |
营业利润率LINCPBYI
| Q4 25 | 12.4% | 22.7% | ||
| Q3 25 | 4.4% | 17.6% | ||
| Q2 25 | 2.5% | 12.7% | ||
| Q1 25 | 2.9% | 8.7% | ||
| Q4 24 | 9.2% | 22.6% | ||
| Q3 24 | 5.1% | 27.4% | ||
| Q2 24 | -1.1% | -4.6% | ||
| Q1 24 | -0.4% | -5.3% |
净利率LINCPBYI
| Q4 25 | 8.9% | — | ||
| Q3 25 | 2.7% | 16.2% | ||
| Q2 25 | 1.3% | 11.2% | ||
| Q1 25 | 1.7% | 6.5% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 3.5% | 25.2% | ||
| Q2 24 | -0.7% | -9.6% | ||
| Q1 24 | -0.2% | -11.0% |
每股收益（稀释后）LINCPBYI
| Q4 25 | $0.41 | $0.26 | ||
| Q3 25 | $0.12 | $0.17 | ||
| Q2 25 | $0.05 | $0.12 | ||
| Q1 25 | $0.06 | $0.06 | ||
| Q4 24 | $0.22 | $0.40 | ||
| Q3 24 | $0.13 | $0.41 | ||
| Q2 24 | $-0.02 | $-0.09 | ||
| Q1 24 | $-0.01 | $-0.10 |
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 | $28.5M | $97.5M |
| 总债务越低越好 | — | $22.7M |
| 股东权益账面价值 | $199.7M | $130.3M |
| 总资产 | $493.2M | $216.3M |
| 负债/权益比越低杠杆越低 | — | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资LINCPBYI
| Q4 25 | $28.5M | $97.5M | ||
| Q3 25 | $13.5M | $94.4M | ||
| Q2 25 | $16.7M | $96.0M | ||
| Q1 25 | $28.7M | $93.2M | ||
| Q4 24 | $59.3M | $101.0M | ||
| Q3 24 | $54.0M | $96.7M | ||
| Q2 24 | $67.0M | $96.8M | ||
| Q1 24 | $68.6M | $107.2M |
总债务LINCPBYI
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
股东权益LINCPBYI
| Q4 25 | $199.7M | $130.3M | ||
| Q3 25 | $185.9M | $115.3M | ||
| Q2 25 | $180.7M | $104.7M | ||
| Q1 25 | $177.8M | $97.1M | ||
| Q4 24 | $178.3M | $92.1M | ||
| Q3 24 | $170.0M | $71.1M | ||
| Q2 24 | $164.9M | $48.5M | ||
| Q1 24 | $164.5M | $51.0M |
总资产LINCPBYI
| Q4 25 | $493.2M | $216.3M | ||
| Q3 25 | $466.9M | $202.9M | ||
| Q2 25 | $447.3M | $194.9M | ||
| Q1 25 | $427.4M | $196.2M | ||
| Q4 24 | $436.6M | $213.3M | ||
| Q3 24 | $404.0M | $220.7M | ||
| Q2 24 | $366.4M | $205.0M | ||
| Q1 24 | $355.2M | $214.1M |
负债/权益比LINCPBYI
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $14.4M |
| 自由现金流经营现金流 - 资本支出 | $25.0M | $14.4M |
| 自由现金流率自由现金流/营收 | 17.5% | 19.1% |
| 资本支出强度资本支出/营收 | 13.0% | 0.0% |
| 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 | $41.7M |
8季度趋势，按日历期对齐
经营现金流LINCPBYI
| Q4 25 | $43.5M | $14.4M | ||
| Q3 25 | $23.9M | $9.7M | ||
| Q2 25 | $299.0K | $14.1M | ||
| Q1 25 | $-8.4M | $3.6M | ||
| Q4 24 | $30.3M | $15.6M | ||
| Q3 24 | $5.6M | $11.0M | ||
| Q2 24 | $8.3M | $1.0M | ||
| Q1 24 | $-14.9M | $11.2M |
自由现金流LINCPBYI
| Q4 25 | $25.0M | $14.4M | ||
| Q3 25 | $2.0M | $9.7M | ||
| Q2 25 | $-26.1M | $14.1M | ||
| Q1 25 | $-28.3M | $3.6M | ||
| Q4 24 | $5.5M | $15.6M | ||
| Q3 24 | $-13.8M | $11.0M | ||
| Q2 24 | $-2.7M | $1.0M | ||
| Q1 24 | $-16.6M | — |
自由现金流率LINCPBYI
| Q4 25 | 17.5% | 19.1% | ||
| Q3 25 | 1.4% | 17.7% | ||
| Q2 25 | -22.4% | 26.8% | ||
| Q1 25 | -24.1% | 7.7% | ||
| Q4 24 | 4.6% | 26.4% | ||
| Q3 24 | -12.0% | 13.7% | ||
| Q2 24 | -2.6% | 2.1% | ||
| Q1 24 | -16.1% | — |
资本支出强度LINCPBYI
| Q4 25 | 13.0% | 0.0% | ||
| Q3 25 | 15.5% | 0.0% | ||
| Q2 25 | 22.7% | 0.0% | ||
| Q1 25 | 16.9% | 0.1% | ||
| Q4 24 | 20.8% | 0.0% | ||
| Q3 24 | 16.9% | 0.0% | ||
| Q2 24 | 10.7% | 0.0% | ||
| Q1 24 | 1.6% | 0.0% |
现金转化率LINCPBYI
| Q4 25 | 3.43× | — | ||
| Q3 25 | 6.29× | 1.10× | ||
| Q2 25 | 0.19× | 2.41× | ||
| Q1 25 | -4.31× | 1.21× | ||
| Q4 24 | 4.43× | — | ||
| Q3 24 | 1.42× | 0.54× | ||
| 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
LINC
| Transferred Over Time | $136.0M | 95% |
| Transferred At Point In Time | $6.9M | 5% |
PBYI
暂无分部数据
