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LINCOLN EDUCATIONAL SERVICES CORP（LINC）与RESOURCES CONNECTION, INC.（RGP）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RESOURCES CONNECTION, INC.的1.2倍（$142.9M vs $117.7M），LINCOLN EDUCATIONAL SERVICES CORP净利率更高（8.9% vs -10.8%，领先19.6%），LINCOLN EDUCATIONAL SERVICES CORP同比增速更快（19.7% vs -19.2%），LINCOLN EDUCATIONAL SERVICES CORP自由现金流更多（$25.0M vs $15.6M），过去两年LINCOLN EDUCATIONAL SERVICES CORP的营收复合增速更高（17.6% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
LINC vs RGP — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $142.9M | $117.7M |
| 净利润 | $12.7M | $-12.7M |
| 毛利率 | 62.3% | 37.1% |
| 营业利润率 | 12.4% | -10.3% |
| 净利率 | 8.9% | -10.8% |
| 营收同比 | 19.7% | -19.2% |
| 净利润同比 | 85.9% | 81.6% |
| 每股收益（稀释后） | $0.41 | $-0.38 |
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 | $142.9M | $117.7M | ||
| Q3 25 | $141.4M | $120.2M | ||
| Q2 25 | $116.5M | $139.3M | ||
| Q1 25 | $117.5M | $129.4M | ||
| Q4 24 | $119.4M | $145.6M | ||
| Q3 24 | $114.4M | $136.9M | ||
| Q2 24 | $102.9M | $148.2M | ||
| Q1 24 | $103.4M | $151.3M |
| Q4 25 | $12.7M | $-12.7M | ||
| Q3 25 | $3.8M | $-2.4M | ||
| Q2 25 | $1.6M | $-73.3M | ||
| Q1 25 | $1.9M | $-44.1M | ||
| Q4 24 | $6.8M | $-68.7M | ||
| Q3 24 | $4.0M | $-5.7M | ||
| Q2 24 | $-682.0K | $10.5M | ||
| Q1 24 | $-214.0K | $2.5M |
| Q4 25 | 62.3% | 37.1% | ||
| Q3 25 | 59.5% | 39.5% | ||
| Q2 25 | 59.8% | 40.2% | ||
| Q1 25 | 59.7% | 35.1% | ||
| Q4 24 | 62.2% | 38.5% | ||
| Q3 24 | 58.0% | 36.5% | ||
| Q2 24 | 55.7% | 40.2% | ||
| Q1 24 | 58.4% | 37.0% |
| Q4 25 | 12.4% | -10.3% | ||
| Q3 25 | 4.4% | -1.7% | ||
| Q2 25 | 2.5% | -47.0% | ||
| Q1 25 | 2.9% | -38.4% | ||
| Q4 24 | 9.2% | -52.7% | ||
| Q3 24 | 5.1% | -3.5% | ||
| Q2 24 | -1.1% | 7.6% | ||
| Q1 24 | -0.4% | 2.8% |
| Q4 25 | 8.9% | -10.8% | ||
| Q3 25 | 2.7% | -2.0% | ||
| Q2 25 | 1.3% | -52.6% | ||
| Q1 25 | 1.7% | -34.0% | ||
| Q4 24 | 5.7% | -47.2% | ||
| Q3 24 | 3.5% | -4.2% | ||
| Q2 24 | -0.7% | 7.1% | ||
| Q1 24 | -0.2% | 1.7% |
| Q4 25 | $0.41 | $-0.38 | ||
| Q3 25 | $0.12 | $-0.07 | ||
| Q2 25 | $0.05 | $-2.21 | ||
| Q1 25 | $0.06 | $-1.34 | ||
| Q4 24 | $0.22 | $-2.08 | ||
| Q3 24 | $0.13 | $-0.17 | ||
| Q2 24 | $-0.02 | $0.31 | ||
| Q1 24 | $-0.01 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $199.7M | $194.6M |
| 总资产 | $493.2M | $289.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $28.5M | $89.8M | ||
| Q3 25 | $13.5M | $77.5M | ||
| Q2 25 | $16.7M | $86.1M | ||
| Q1 25 | $28.7M | $72.5M | ||
| Q4 24 | $59.3M | $78.2M | ||
| Q3 24 | $54.0M | $89.6M | ||
| Q2 24 | $67.0M | $108.9M | ||
| Q1 24 | $68.6M | $113.8M |
| Q4 25 | $199.7M | $194.6M | ||
| Q3 25 | $185.9M | $206.4M | ||
| Q2 25 | $180.7M | $207.1M | ||
| Q1 25 | $177.8M | $277.8M | ||
| Q4 24 | $178.3M | $325.7M | ||
| Q3 24 | $170.0M | $407.2M | ||
| Q2 24 | $164.9M | $418.8M | ||
| Q1 24 | $164.5M | $414.9M |
| Q4 25 | $493.2M | $289.3M | ||
| Q3 25 | $466.9M | $287.2M | ||
| Q2 25 | $447.3M | $304.7M | ||
| Q1 25 | $427.4M | $375.6M | ||
| Q4 24 | $436.6M | $424.9M | ||
| Q3 24 | $404.0M | $512.9M | ||
| Q2 24 | $366.4M | $510.9M | ||
| Q1 24 | $355.2M | $523.2M |
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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $25.0M | $15.6M |
| 自由现金流率自由现金流/营收 | 17.5% | 13.2% |
| 资本支出强度资本支出/营收 | 13.0% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $43.5M | $15.9M | ||
| Q3 25 | $23.9M | $-7.8M | ||
| Q2 25 | $299.0K | $16.8M | ||
| Q1 25 | $-8.4M | $659.0K | ||
| Q4 24 | $30.3M | $1.8M | ||
| Q3 24 | $5.6M | $-309.0K | ||
| Q2 24 | $8.3M | $3.2M | ||
| Q1 24 | $-14.9M | $20.5M |
| Q4 25 | $25.0M | $15.6M | ||
| Q3 25 | $2.0M | $-8.0M | ||
| Q2 25 | $-26.1M | $16.5M | ||
| Q1 25 | $-28.3M | $238.0K | ||
| Q4 24 | $5.5M | $61.0K | ||
| Q3 24 | $-13.8M | $-575.0K | ||
| Q2 24 | $-2.7M | $3.0M | ||
| Q1 24 | $-16.6M | $20.4M |
| Q4 25 | 17.5% | 13.2% | ||
| Q3 25 | 1.4% | -6.6% | ||
| Q2 25 | -22.4% | 11.8% | ||
| Q1 25 | -24.1% | 0.2% | ||
| Q4 24 | 4.6% | 0.0% | ||
| Q3 24 | -12.0% | -0.4% | ||
| Q2 24 | -2.6% | 2.1% | ||
| Q1 24 | -16.1% | 13.5% |
| Q4 25 | 13.0% | 0.3% | ||
| Q3 25 | 15.5% | 0.1% | ||
| Q2 25 | 22.7% | 0.2% | ||
| Q1 25 | 16.9% | 0.3% | ||
| Q4 24 | 20.8% | 1.2% | ||
| Q3 24 | 16.9% | 0.2% | ||
| Q2 24 | 10.7% | 0.1% | ||
| Q1 24 | 1.6% | 0.1% |
| Q4 25 | 3.43× | — | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | -4.31× | — | ||
| Q4 24 | 4.43× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
