vs
LINCOLN EDUCATIONAL SERVICES CORP（LINC）与PERDOCEO EDUCATION Corp（PRDO）财务数据对比。点击上方公司名可切换其他公司
PERDOCEO EDUCATION Corp的季度营收约是LINCOLN EDUCATIONAL SERVICES CORP的1.5倍（$211.6M vs $142.9M）。PERDOCEO EDUCATION Corp同比增速更快（20.0% vs 19.7%）。PERDOCEO EDUCATION Corp自由现金流更多（$37.9M vs $25.0M）。过去两年LINCOLN EDUCATIONAL SERVICES CORP的营收复合增速更高（17.6% vs 12.2%）
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。
Perdoceo Education是美国上市营利性教育集团，前身为职业教育公司（Career Education Corporation），旗下运营五所美国营利性大学，包括美国洲际大学、科罗拉多理工大学、南加利福尼亚大学、三叉戟国际大学及圣奥古斯丁健康科学大学，业务覆盖高等教育、职业教育及健康科学相关教育领域。
LINC vs PRDO — 直观对比
营收规模更大
PRDO
是对方的1.5倍
$142.9M
营收增速更快
PRDO
高出0.3%
19.7%
自由现金流更多
PRDO
多$12.9M
$25.0M
两年增速更快
LINC
近两年复合增速
12.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $142.9M | $211.6M |
| 净利润 | $12.7M | — |
| 毛利率 | 62.3% | — |
| 营业利润率 | 12.4% | 19.8% |
| 净利率 | 8.9% | — |
| 营收同比 | 19.7% | 20.0% |
| 净利润同比 | 85.9% | — |
| 每股收益（稀释后） | $0.41 | $0.55 |
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LINCPRDO
| Q4 25 | $142.9M | $211.6M | ||
| Q3 25 | $141.4M | $211.9M | ||
| Q2 25 | $116.5M | $209.6M | ||
| Q1 25 | $117.5M | $213.0M | ||
| Q4 24 | $119.4M | $176.4M | ||
| Q3 24 | $114.4M | $169.8M | ||
| Q2 24 | $102.9M | $166.7M | ||
| Q1 24 | $103.4M | $168.3M |
净利润LINCPRDO
| Q4 25 | $12.7M | — | ||
| Q3 25 | $3.8M | $39.9M | ||
| Q2 25 | $1.6M | $41.0M | ||
| Q1 25 | $1.9M | $43.7M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $4.0M | $38.3M | ||
| Q2 24 | $-682.0K | $38.4M | ||
| Q1 24 | $-214.0K | $39.4M |
毛利率LINCPRDO
| Q4 25 | 62.3% | — | ||
| Q3 25 | 59.5% | — | ||
| Q2 25 | 59.8% | — | ||
| Q1 25 | 59.7% | — | ||
| Q4 24 | 62.2% | — | ||
| Q3 24 | 58.0% | — | ||
| Q2 24 | 55.7% | — | ||
| Q1 24 | 58.4% | — |
营业利润率LINCPRDO
| Q4 25 | 12.4% | 19.8% | ||
| Q3 25 | 4.4% | 24.1% | ||
| Q2 25 | 2.5% | 24.5% | ||
| Q1 25 | 2.9% | 24.3% | ||
| Q4 24 | 9.2% | 21.1% | ||
| Q3 24 | 5.1% | 26.4% | ||
| Q2 24 | -1.1% | 27.6% | ||
| Q1 24 | -0.4% | 27.5% |
净利率LINCPRDO
| Q4 25 | 8.9% | — | ||
| Q3 25 | 2.7% | 18.8% | ||
| Q2 25 | 1.3% | 19.6% | ||
| Q1 25 | 1.7% | 20.5% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 3.5% | 22.5% | ||
| Q2 24 | -0.7% | 23.0% | ||
| Q1 24 | -0.2% | 23.4% |
每股收益（稀释后）LINCPRDO
| Q4 25 | $0.41 | $0.55 | ||
| Q3 25 | $0.12 | $0.60 | ||
| Q2 25 | $0.05 | $0.62 | ||
| Q1 25 | $0.06 | $0.65 | ||
| Q4 24 | $0.22 | $0.46 | ||
| Q3 24 | $0.13 | $0.57 | ||
| Q2 24 | $-0.02 | $0.57 | ||
| Q1 24 | $-0.01 | $0.59 |
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 | $111.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $199.7M | $972.4M |
| 总资产 | $493.2M | $1.2B |
| 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LINCPRDO
| Q4 25 | $28.5M | $111.0M | ||
| Q3 25 | $13.5M | $159.5M | ||
| Q2 25 | $16.7M | $172.1M | ||
| Q1 25 | $28.7M | $132.1M | ||
| Q4 24 | $59.3M | $109.1M | ||
| Q3 24 | $54.0M | $238.0M | ||
| Q2 24 | $67.0M | $127.9M | ||
| Q1 24 | $68.6M | $125.8M |
股东权益LINCPRDO
| Q4 25 | $199.7M | $972.4M | ||
| Q3 25 | $185.9M | $997.9M | ||
| Q2 25 | $180.7M | $984.6M | ||
| Q1 25 | $177.8M | $970.3M | ||
| Q4 24 | $178.3M | $959.5M | ||
| Q3 24 | $170.0M | $935.4M | ||
| Q2 24 | $164.9M | $899.5M | ||
| Q1 24 | $164.5M | $866.1M |
总资产LINCPRDO
| Q4 25 | $493.2M | $1.2B | ||
| Q3 25 | $466.9M | $1.3B | ||
| Q2 25 | $447.3M | $1.3B | ||
| Q1 25 | $427.4M | $1.3B | ||
| Q4 24 | $436.6M | $1.2B | ||
| Q3 24 | $404.0M | $1.1B | ||
| Q2 24 | $366.4M | $1.1B | ||
| Q1 24 | $355.2M | $1.1B |
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 | $40.1M |
| 自由现金流经营现金流 - 资本支出 | $25.0M | $37.9M |
| 自由现金流率自由现金流/营收 | 17.5% | 17.9% |
| 资本支出强度资本支出/营收 | 13.0% | 1.1% |
| 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 | $216.7M |
8季度趋势，按日历期对齐
经营现金流LINCPRDO
| Q4 25 | $43.5M | $40.1M | ||
| Q3 25 | $23.9M | $41.2M | ||
| Q2 25 | $299.0K | $78.8M | ||
| Q1 25 | $-8.4M | $65.1M | ||
| Q4 24 | $30.3M | $17.6M | ||
| Q3 24 | $5.6M | $51.0M | ||
| Q2 24 | $8.3M | $38.5M | ||
| Q1 24 | $-14.9M | $54.5M |
自由现金流LINCPRDO
| Q4 25 | $25.0M | $37.9M | ||
| Q3 25 | $2.0M | $39.4M | ||
| Q2 25 | $-26.1M | $76.0M | ||
| Q1 25 | $-28.3M | $63.4M | ||
| Q4 24 | $5.5M | $16.0M | ||
| Q3 24 | $-13.8M | $50.0M | ||
| Q2 24 | $-2.7M | $37.7M | ||
| Q1 24 | $-16.6M | $53.3M |
自由现金流率LINCPRDO
| Q4 25 | 17.5% | 17.9% | ||
| Q3 25 | 1.4% | 18.6% | ||
| Q2 25 | -22.4% | 36.3% | ||
| Q1 25 | -24.1% | 29.8% | ||
| Q4 24 | 4.6% | 9.1% | ||
| Q3 24 | -12.0% | 29.4% | ||
| Q2 24 | -2.6% | 22.6% | ||
| Q1 24 | -16.1% | 31.7% |
资本支出强度LINCPRDO
| Q4 25 | 13.0% | 1.1% | ||
| Q3 25 | 15.5% | 0.9% | ||
| Q2 25 | 22.7% | 1.3% | ||
| Q1 25 | 16.9% | 0.8% | ||
| Q4 24 | 20.8% | 0.9% | ||
| Q3 24 | 16.9% | 0.6% | ||
| Q2 24 | 10.7% | 0.5% | ||
| Q1 24 | 1.6% | 0.7% |
现金转化率LINCPRDO
| Q4 25 | 3.43× | — | ||
| Q3 25 | 6.29× | 1.03× | ||
| Q2 25 | 0.19× | 1.92× | ||
| Q1 25 | -4.31× | 1.49× | ||
| Q4 24 | 4.43× | — | ||
| Q3 24 | 1.42× | 1.33× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.38× |
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% |
PRDO
| CTU | $107.0M | 51% |
| AIUS | $60.8M | 29% |
| University Of St Augustine For Health Sciences Llc | $43.7M | 21% |
| Other | $1.1M | 1% |
