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LINCOLN EDUCATIONAL SERVICES CORP（LINC）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是LINCOLN EDUCATIONAL SERVICES CORP的1.3倍（$188.3M vs $142.9M），BRC Group Holdings, Inc.净利率更高（47.9% vs 8.9%，领先39.1%），LINCOLN EDUCATIONAL SERVICES CORP同比增速更快（19.7% vs -21.9%），过去两年LINCOLN EDUCATIONAL SERVICES CORP的营收复合增速更高（17.6% vs -15.4%）
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。
LINC vs RILY — 直观对比
营收规模更大
RILY
是对方的1.3倍
$142.9M
营收增速更快
LINC
高出41.5%
-21.9%
净利率更高
RILY
高出39.1%
8.9%
两年增速更快
LINC
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $142.9M | $188.3M |
| 净利润 | $12.7M | $90.3M |
| 毛利率 | 62.3% | 79.5% |
| 营业利润率 | 12.4% | 32.3% |
| 净利率 | 8.9% | 47.9% |
| 营收同比 | 19.7% | -21.9% |
| 净利润同比 | 85.9% | 1710.8% |
| 每股收益（稀释后） | $0.41 | $2.78 |
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LINCRILY
| Q4 25 | $142.9M | $188.3M | ||
| Q3 25 | $141.4M | $215.3M | ||
| Q2 25 | $116.5M | $188.2M | ||
| Q1 25 | $117.5M | $197.2M | ||
| Q4 24 | $119.4M | $241.0M | ||
| Q3 24 | $114.4M | $225.5M | ||
| Q2 24 | $102.9M | $256.0M | ||
| Q1 24 | $103.4M | $263.4M |
净利润LINCRILY
| Q4 25 | $12.7M | $90.3M | ||
| Q3 25 | $3.8M | $91.1M | ||
| Q2 25 | $1.6M | $139.5M | ||
| Q1 25 | $1.9M | $-10.0M | ||
| Q4 24 | $6.8M | $-5.6M | ||
| Q3 24 | $4.0M | $-284.4M | ||
| Q2 24 | $-682.0K | $-433.6M | ||
| Q1 24 | $-214.0K | $-49.2M |
毛利率LINCRILY
| Q4 25 | 62.3% | 79.5% | ||
| Q3 25 | 59.5% | 83.7% | ||
| Q2 25 | 59.8% | 81.3% | ||
| Q1 25 | 59.7% | 81.4% | ||
| Q4 24 | 62.2% | 79.8% | ||
| Q3 24 | 58.0% | 82.1% | ||
| Q2 24 | 55.7% | 84.5% | ||
| Q1 24 | 58.4% | 85.3% |
营业利润率LINCRILY
| Q4 25 | 12.4% | 32.3% | ||
| Q3 25 | 4.4% | 30.4% | ||
| Q2 25 | 2.5% | 5.7% | ||
| Q1 25 | 2.9% | -31.2% | ||
| Q4 24 | 9.2% | -69.2% | ||
| Q3 24 | 5.1% | -36.4% | ||
| Q2 24 | -1.1% | -90.8% | ||
| Q1 24 | -0.4% | -6.1% |
净利率LINCRILY
| Q4 25 | 8.9% | 47.9% | ||
| Q3 25 | 2.7% | 42.3% | ||
| Q2 25 | 1.3% | 74.1% | ||
| Q1 25 | 1.7% | -5.1% | ||
| Q4 24 | 5.7% | -2.3% | ||
| Q3 24 | 3.5% | -126.1% | ||
| Q2 24 | -0.7% | -169.4% | ||
| Q1 24 | -0.2% | -18.7% |
每股收益（稀释后）LINCRILY
| Q4 25 | $0.41 | $2.78 | ||
| Q3 25 | $0.12 | $2.91 | ||
| Q2 25 | $0.05 | $4.50 | ||
| Q1 25 | $0.06 | $-0.39 | ||
| Q4 24 | $0.22 | $-0.01 | ||
| Q3 24 | $0.13 | $-9.39 | ||
| Q2 24 | $-0.02 | $-14.35 | ||
| Q1 24 | $-0.01 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $199.7M | $-171.5M |
| 总资产 | $493.2M | $1.7B |
| 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LINCRILY
| Q4 25 | $28.5M | $226.6M | ||
| Q3 25 | $13.5M | $184.2M | ||
| Q2 25 | $16.7M | $267.4M | ||
| Q1 25 | $28.7M | $138.3M | ||
| Q4 24 | $59.3M | $146.9M | ||
| Q3 24 | $54.0M | $159.2M | ||
| Q2 24 | $67.0M | $236.9M | ||
| Q1 24 | $68.6M | $190.7M |
总债务LINCRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LINCRILY
| Q4 25 | $199.7M | $-171.5M | ||
| Q3 25 | $185.9M | $-260.5M | ||
| Q2 25 | $180.7M | $-351.7M | ||
| Q1 25 | $177.8M | $-496.8M | ||
| Q4 24 | $178.3M | $-488.2M | ||
| Q3 24 | $170.0M | $-497.6M | ||
| Q2 24 | $164.9M | $-218.3M | ||
| Q1 24 | $164.5M | $228.4M |
总资产LINCRILY
| Q4 25 | $493.2M | $1.7B | ||
| Q3 25 | $466.9M | $1.7B | ||
| Q2 25 | $447.3M | $1.5B | ||
| Q1 25 | $427.4M | $1.5B | ||
| Q4 24 | $436.6M | $1.8B | ||
| Q3 24 | $404.0M | $2.2B | ||
| Q2 24 | $366.4M | $3.2B | ||
| Q1 24 | $355.2M | $5.0B |
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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $25.0M | — |
| 自由现金流率自由现金流/营收 | 17.5% | — |
| 资本支出强度资本支出/营收 | 13.0% | — |
| 现金转化率经营现金流/净利润 | 3.43× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $-27.3M | — |
8季度趋势，按日历期对齐
经营现金流LINCRILY
| Q4 25 | $43.5M | $26.2M | ||
| Q3 25 | $23.9M | $-60.6M | ||
| Q2 25 | $299.0K | $-25.6M | ||
| Q1 25 | $-8.4M | $184.0K | ||
| Q4 24 | $30.3M | $-2.7M | ||
| Q3 24 | $5.6M | $19.5M | ||
| Q2 24 | $8.3M | $111.5M | ||
| Q1 24 | $-14.9M | $135.4M |
自由现金流LINCRILY
| Q4 25 | $25.0M | — | ||
| Q3 25 | $2.0M | — | ||
| Q2 25 | $-26.1M | — | ||
| Q1 25 | $-28.3M | — | ||
| Q4 24 | $5.5M | — | ||
| Q3 24 | $-13.8M | — | ||
| Q2 24 | $-2.7M | — | ||
| Q1 24 | $-16.6M | — |
自由现金流率LINCRILY
| Q4 25 | 17.5% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -22.4% | — | ||
| Q1 25 | -24.1% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | -12.0% | — | ||
| Q2 24 | -2.6% | — | ||
| Q1 24 | -16.1% | — |
资本支出强度LINCRILY
| Q4 25 | 13.0% | — | ||
| Q3 25 | 15.5% | — | ||
| Q2 25 | 22.7% | — | ||
| Q1 25 | 16.9% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 1.6% | — |
现金转化率LINCRILY
| Q4 25 | 3.43× | 0.29× | ||
| Q3 25 | 6.29× | -0.66× | ||
| Q2 25 | 0.19× | -0.18× | ||
| Q1 25 | -4.31× | — | ||
| Q4 24 | 4.43× | — | ||
| Q3 24 | 1.42× | — | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
