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LINCOLN EDUCATIONAL SERVICES CORP（LINC）与UNIVERSAL TECHNICAL INSTITUTE INC（UTI）财务数据对比。点击上方公司名可切换其他公司
UNIVERSAL TECHNICAL INSTITUTE INC的季度营收约是LINCOLN EDUCATIONAL SERVICES CORP的1.5倍（$220.8M vs $142.9M）。LINCOLN EDUCATIONAL SERVICES CORP净利率更高（8.9% vs 5.8%，领先3.1%）。LINCOLN EDUCATIONAL SERVICES CORP同比增速更快（19.7% vs 9.6%）。LINCOLN EDUCATIONAL SERVICES CORP自由现金流更多（$25.0M vs $-19.2M）。过去两年LINCOLN EDUCATIONAL SERVICES CORP的营收复合增速更高（17.6% vs 9.5%）
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。
环球技术学院（UTI）是美国的营利性私立技术院校集团，1965年由罗伯特·斯威特创立，专注于提供职业技术类教育课程，培养符合产业需求的技能型人才，在美职业教育领域拥有较长的运营历史与行业经验。
LINC vs UTI — 直观对比
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $142.9M | $220.8M |
| 净利润 | $12.7M | $12.8M |
| 毛利率 | 62.3% | — |
| 营业利润率 | 12.4% | 7.1% |
| 净利率 | 8.9% | 5.8% |
| 营收同比 | 19.7% | 9.6% |
| 净利润同比 | 85.9% | -42.1% |
| 每股收益（稀释后） | $0.41 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $141.4M | $222.4M | ||
| Q2 25 | $116.5M | $204.3M | ||
| Q1 25 | $117.5M | $207.4M | ||
| Q4 24 | $119.4M | $201.4M | ||
| Q3 24 | $114.4M | $196.4M | ||
| Q2 24 | $102.9M | $177.5M | ||
| Q1 24 | $103.4M | $184.2M |
| Q4 25 | $12.7M | $12.8M | ||
| Q3 25 | $3.8M | $18.8M | ||
| Q2 25 | $1.6M | $10.7M | ||
| Q1 25 | $1.9M | $11.4M | ||
| Q4 24 | $6.8M | $22.2M | ||
| Q3 24 | $4.0M | $18.8M | ||
| Q2 24 | $-682.0K | $5.0M | ||
| Q1 24 | $-214.0K | $7.8M |
| 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% | — |
| Q4 25 | 12.4% | 7.1% | ||
| Q3 25 | 4.4% | 11.2% | ||
| Q2 25 | 2.5% | 6.9% | ||
| Q1 25 | 2.9% | 8.1% | ||
| Q4 24 | 9.2% | 13.6% | ||
| Q3 24 | 5.1% | 13.3% | ||
| Q2 24 | -1.1% | 4.2% | ||
| Q1 24 | -0.4% | 6.1% |
| Q4 25 | 8.9% | 5.8% | ||
| Q3 25 | 2.7% | 8.4% | ||
| Q2 25 | 1.3% | 5.2% | ||
| Q1 25 | 1.7% | 5.5% | ||
| Q4 24 | 5.7% | 11.0% | ||
| Q3 24 | 3.5% | 9.6% | ||
| Q2 24 | -0.7% | 2.8% | ||
| Q1 24 | -0.2% | 4.2% |
| Q4 25 | $0.41 | $0.23 | ||
| Q3 25 | $0.12 | $0.33 | ||
| Q2 25 | $0.05 | $0.19 | ||
| Q1 25 | $0.06 | $0.21 | ||
| Q4 24 | $0.22 | $0.40 | ||
| Q3 24 | $0.13 | $0.35 | ||
| Q2 24 | $-0.02 | $0.09 | ||
| Q1 24 | $-0.01 | $0.14 |
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 | $162.8M |
| 总债务越低越好 | — | $101.4M |
| 股东权益账面价值 | $199.7M | $335.9M |
| 总资产 | $493.2M | $834.0M |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
| Q4 25 | $28.5M | $162.8M | ||
| Q3 25 | $13.5M | $169.1M | ||
| Q2 25 | $16.7M | $70.7M | ||
| Q1 25 | $28.7M | $96.0M | ||
| Q4 24 | $59.3M | $172.0M | ||
| Q3 24 | $54.0M | $161.9M | ||
| Q2 24 | $67.0M | $115.5M | ||
| Q1 24 | $68.6M | $116.1M |
| Q4 25 | — | $101.4M | ||
| Q3 25 | — | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | — | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $141.9M |
| Q4 25 | $199.7M | $335.9M | ||
| Q3 25 | $185.9M | $328.1M | ||
| Q2 25 | $180.7M | $306.8M | ||
| Q1 25 | $177.8M | $293.9M | ||
| Q4 24 | $178.3M | $280.0M | ||
| Q3 24 | $170.0M | $260.2M | ||
| Q2 24 | $164.9M | $239.4M | ||
| Q1 24 | $164.5M | $232.6M |
| Q4 25 | $493.2M | $834.0M | ||
| Q3 25 | $466.9M | $826.1M | ||
| Q2 25 | $447.3M | $740.8M | ||
| Q1 25 | $427.4M | $720.4M | ||
| Q4 24 | $436.6M | $753.8M | ||
| Q3 24 | $404.0M | $744.6M | ||
| Q2 24 | $366.4M | $706.0M | ||
| Q1 24 | $355.2M | $702.1M |
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.61× |
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 | $3.1M |
| 自由现金流经营现金流 - 资本支出 | $25.0M | $-19.2M |
| 自由现金流率自由现金流/营收 | 17.5% | -8.7% |
| 资本支出强度资本支出/营收 | 13.0% | 10.1% |
| 现金转化率经营现金流/净利润 | 3.43× | 0.24× |
| 过去12个月自由现金流最近4个季度 | $-27.3M | $16.6M |
8季度趋势，按日历期对齐
| Q4 25 | $43.5M | $3.1M | ||
| Q3 25 | $23.9M | $57.1M | ||
| Q2 25 | $299.0K | $18.1M | ||
| Q1 25 | $-8.4M | $-789.0K | ||
| Q4 24 | $30.3M | $23.0M | ||
| Q3 24 | $5.6M | $67.5M | ||
| Q2 24 | $8.3M | $10.0M | ||
| Q1 24 | $-14.9M | $-2.5M |
| Q4 25 | $25.0M | $-19.2M | ||
| Q3 25 | $2.0M | $40.6M | ||
| Q2 25 | $-26.1M | $6.8M | ||
| Q1 25 | $-28.3M | $-11.7M | ||
| Q4 24 | $5.5M | $19.6M | ||
| Q3 24 | $-13.8M | $60.0M | ||
| Q2 24 | $-2.7M | $3.0M | ||
| Q1 24 | $-16.6M | $-8.4M |
| Q4 25 | 17.5% | -8.7% | ||
| Q3 25 | 1.4% | 18.3% | ||
| Q2 25 | -22.4% | 3.4% | ||
| Q1 25 | -24.1% | -5.7% | ||
| Q4 24 | 4.6% | 9.7% | ||
| Q3 24 | -12.0% | 30.6% | ||
| Q2 24 | -2.6% | 1.7% | ||
| Q1 24 | -16.1% | -4.6% |
| Q4 25 | 13.0% | 10.1% | ||
| Q3 25 | 15.5% | 7.4% | ||
| Q2 25 | 22.7% | 5.5% | ||
| Q1 25 | 16.9% | 5.3% | ||
| Q4 24 | 20.8% | 1.7% | ||
| Q3 24 | 16.9% | 3.8% | ||
| Q2 24 | 10.7% | 4.0% | ||
| Q1 24 | 1.6% | 3.2% |
| Q4 25 | 3.43× | 0.24× | ||
| Q3 25 | 6.29× | 3.04× | ||
| Q2 25 | 0.19× | 1.69× | ||
| Q1 25 | -4.31× | -0.07× | ||
| Q4 24 | 4.43× | 1.04× | ||
| Q3 24 | 1.42× | 3.58× | ||
| Q2 24 | — | 2.01× | ||
| Q1 24 | — | -0.32× |
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% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
