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LINCOLN EDUCATIONAL SERVICES CORP（LINC）与Strategic Education, Inc.（STRA）财务数据对比。点击上方公司名可切换其他公司
Strategic Education, Inc.的季度营收约是LINCOLN EDUCATIONAL SERVICES CORP的2.1倍（$305.9M vs $142.9M）。Strategic Education, Inc.净利率更高（9.7% vs 8.9%，领先0.8%）。LINCOLN EDUCATIONAL SERVICES CORP同比增速更快（19.7% vs -0.8%）。Strategic Education, Inc.自由现金流更多（$57.3M vs $25.0M）。过去两年LINCOLN EDUCATIONAL SERVICES CORP的营收复合增速更高（17.6% vs -1.0%）
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。
Strategic Education, Inc.（简称SEI）是一家教育服务控股企业，前身为斯特雷尔教育公司。旗下拥有营利性在线院校卡佩拉大学、斯特雷尔大学，还运营着DevMountain、Hackbright学院、Sophia Learning等提供非学位课程的教育机构。
LINC vs STRA — 直观对比
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $142.9M | $305.9M |
| 净利润 | $12.7M | $29.7M |
| 毛利率 | 62.3% | — |
| 营业利润率 | 12.4% | 13.0% |
| 净利率 | 8.9% | 9.7% |
| 营收同比 | 19.7% | -0.8% |
| 净利润同比 | 85.9% | -9.3% |
| 每股收益（稀释后） | $0.41 | $1.24 |
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
| Q1 26 | — | $305.9M | ||
| Q4 25 | $142.9M | $323.2M | ||
| Q3 25 | $141.4M | $319.9M | ||
| Q2 25 | $116.5M | $321.5M | ||
| Q1 25 | $117.5M | $303.6M | ||
| Q4 24 | $119.4M | $311.5M | ||
| Q3 24 | $114.4M | $306.0M | ||
| Q2 24 | $102.9M | $312.3M |
| Q1 26 | — | $29.7M | ||
| Q4 25 | $12.7M | $37.9M | ||
| Q3 25 | $3.8M | $26.6M | ||
| Q2 25 | $1.6M | $32.3M | ||
| Q1 25 | $1.9M | $29.7M | ||
| Q4 24 | $6.8M | $25.3M | ||
| Q3 24 | $4.0M | $27.7M | ||
| Q2 24 | $-682.0K | $29.9M |
| Q1 26 | — | — | ||
| 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 26 | — | 13.0% | ||
| Q4 25 | 12.4% | 16.0% | ||
| Q3 25 | 4.4% | 11.6% | ||
| Q2 25 | 2.5% | 14.2% | ||
| Q1 25 | 2.9% | 13.1% | ||
| Q4 24 | 9.2% | 11.6% | ||
| Q3 24 | 5.1% | 11.9% | ||
| Q2 24 | -1.1% | 13.4% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 8.9% | 11.7% | ||
| Q3 25 | 2.7% | 8.3% | ||
| Q2 25 | 1.3% | 10.1% | ||
| Q1 25 | 1.7% | 9.8% | ||
| Q4 24 | 5.7% | 8.1% | ||
| Q3 24 | 3.5% | 9.1% | ||
| Q2 24 | -0.7% | 9.6% |
| Q1 26 | — | $1.24 | ||
| Q4 25 | $0.41 | $1.65 | ||
| Q3 25 | $0.12 | $1.15 | ||
| Q2 25 | $0.05 | $1.37 | ||
| Q1 25 | $0.06 | $1.24 | ||
| Q4 24 | $0.22 | $1.05 | ||
| Q3 24 | $0.13 | $1.15 | ||
| Q2 24 | $-0.02 | $1.24 |
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 | $140.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $199.7M | $1.6B |
| 总资产 | $493.2M | $2.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $140.8M | ||
| Q4 25 | $28.5M | $148.1M | ||
| Q3 25 | $13.5M | $172.6M | ||
| Q2 25 | $16.7M | $164.9M | ||
| Q1 25 | $28.7M | $182.6M | ||
| Q4 24 | $59.3M | $184.0M | ||
| Q3 24 | $54.0M | $222.1M | ||
| Q2 24 | $67.0M | $256.2M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $199.7M | $1.6B | ||
| Q3 25 | $185.9M | $1.7B | ||
| Q2 25 | $180.7M | $1.7B | ||
| Q1 25 | $177.8M | $1.6B | ||
| Q4 24 | $178.3M | $1.7B | ||
| Q3 24 | $170.0M | $1.7B | ||
| Q2 24 | $164.9M | $1.7B |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $493.2M | $2.0B | ||
| Q3 25 | $466.9M | $2.1B | ||
| Q2 25 | $447.3M | $2.1B | ||
| Q1 25 | $427.4M | $2.1B | ||
| Q4 24 | $436.6M | $2.0B | ||
| Q3 24 | $404.0M | $2.2B | ||
| Q2 24 | $366.4M | $2.2B |
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 | $67.7M |
| 自由现金流经营现金流 - 资本支出 | $25.0M | $57.3M |
| 自由现金流率自由现金流/营收 | 17.5% | 18.7% |
| 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× | 2.27× |
| 过去12个月自由现金流最近4个季度 | $-27.3M | $153.9M |
8季度趋势，按日历期对齐
| Q1 26 | — | $67.7M | ||
| Q4 25 | $43.5M | $39.2M | ||
| Q3 25 | $23.9M | $60.1M | ||
| Q2 25 | $299.0K | $31.2M | ||
| Q1 25 | $-8.4M | $67.7M | ||
| Q4 24 | $30.3M | $15.9M | ||
| Q3 24 | $5.6M | $51.5M | ||
| Q2 24 | $8.3M | $24.3M |
| Q1 26 | — | $57.3M | ||
| Q4 25 | $25.0M | $27.0M | ||
| Q3 25 | $2.0M | $49.3M | ||
| Q2 25 | $-26.1M | $20.4M | ||
| Q1 25 | $-28.3M | $57.3M | ||
| Q4 24 | $5.5M | $4.7M | ||
| Q3 24 | $-13.8M | $42.1M | ||
| Q2 24 | $-2.7M | $13.6M |
| Q1 26 | — | 18.7% | ||
| Q4 25 | 17.5% | 8.3% | ||
| Q3 25 | 1.4% | 15.4% | ||
| Q2 25 | -22.4% | 6.3% | ||
| Q1 25 | -24.1% | 18.9% | ||
| Q4 24 | 4.6% | 1.5% | ||
| Q3 24 | -12.0% | 13.8% | ||
| Q2 24 | -2.6% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 13.0% | 3.8% | ||
| Q3 25 | 15.5% | 3.4% | ||
| Q2 25 | 22.7% | 3.4% | ||
| Q1 25 | 16.9% | 3.4% | ||
| Q4 24 | 20.8% | 3.6% | ||
| Q3 24 | 16.9% | 3.1% | ||
| Q2 24 | 10.7% | 3.4% |
| Q1 26 | — | 2.27× | ||
| Q4 25 | 3.43× | 1.03× | ||
| Q3 25 | 6.29× | 2.26× | ||
| Q2 25 | 0.19× | 0.97× | ||
| Q1 25 | -4.31× | 2.27× | ||
| Q4 24 | 4.43× | 0.63× | ||
| Q3 24 | 1.42× | 1.86× | ||
| Q2 24 | — | 0.81× |
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% |
STRA
| U.S. Higher Education | $221.0M | 72% |
| Australia/New Zealand | $48.3M | 16% |
| Education Technology Services | $34.3M | 11% |
