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Stride, Inc.（LRN）与Nerdy Inc.（NRDY）财务数据对比。点击上方公司名可切换其他公司
Stride, Inc.的季度营收约是Nerdy Inc.的12.9倍（$631.3M vs $49.1M）。Stride, Inc.净利率更高（15.8% vs -18.8%，领先34.6%）。Stride, Inc.同比增速更快（7.5% vs 2.3%）。Stride, Inc.自由现金流更多（$91.6M vs $-4.3M）。过去两年Stride, Inc.的营收复合增速更高（10.1% vs -4.4%）
Stride, Inc.是一家营利性教育机构，主营在线及混合式教育项目。作为教育管理机构，其为K12阶段公立学校学生提供替代传统线下教学的在线教育方案，同时也开设职业学习课程。截至2012年，这家上市企业是全球招生规模最大的教育管理机构。
Nerdy Inc.是总部位于美国的知名教育科技企业，旗下运营Varsity Tutors等在线学习平台，提供一对一实时辅导、点播课程、备考资源及技能培训内容，服务K12学生、高校学习者及职场人士，覆盖多类学业与职业能力提升需求。
LRN vs NRDY — 直观对比
营收规模更大
LRN
是对方的12.9倍
$49.1M
营收增速更快
LRN
高出5.2%
2.3%
净利率更高
LRN
高出34.6%
-18.8%
自由现金流更多
LRN
多$95.8M
$-4.3M
两年增速更快
LRN
近两年复合增速
-4.4%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $631.3M | $49.1M |
| 净利润 | $99.5M | $-9.2M |
| 毛利率 | 41.1% | 51.0% |
| 营业利润率 | 23.3% | -28.3% |
| 净利率 | 15.8% | -18.8% |
| 营收同比 | 7.5% | 2.3% |
| 净利润同比 | 3.2% | 8.9% |
| 每股收益（稀释后） | $2.12 | $-0.07 |
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LRNNRDY
| Q4 25 | $631.3M | $49.1M | ||
| Q3 25 | $620.9M | $37.0M | ||
| Q2 25 | $653.6M | $45.3M | ||
| Q1 25 | $613.4M | $47.6M | ||
| Q4 24 | $587.2M | $48.0M | ||
| Q3 24 | $551.1M | $37.5M | ||
| Q2 24 | $534.2M | $51.0M | ||
| Q1 24 | $520.8M | $53.7M |
净利润LRNNRDY
| Q4 25 | $99.5M | $-9.2M | ||
| Q3 25 | $68.8M | $-12.3M | ||
| Q2 25 | $51.3M | $-7.9M | ||
| Q1 25 | $99.3M | $-10.5M | ||
| Q4 24 | $96.4M | $-10.1M | ||
| Q3 24 | $40.9M | $-15.9M | ||
| Q2 24 | $62.8M | $-9.1M | ||
| Q1 24 | $69.7M | $-7.4M |
毛利率LRNNRDY
| Q4 25 | 41.1% | 51.0% | ||
| Q3 25 | 39.0% | 62.9% | ||
| Q2 25 | 36.6% | 61.5% | ||
| Q1 25 | 40.6% | 58.0% | ||
| Q4 24 | 40.8% | 66.6% | ||
| Q3 24 | 39.2% | 70.5% | ||
| Q2 24 | 35.2% | 65.7% | ||
| Q1 24 | 38.7% | 68.0% |
营业利润率LRNNRDY
| Q4 25 | 23.3% | -28.3% | ||
| Q3 25 | 11.1% | -51.5% | ||
| Q2 25 | 8.7% | -27.1% | ||
| Q1 25 | 21.3% | -34.8% | ||
| Q4 24 | 21.3% | -34.0% | ||
| Q3 24 | 8.6% | -68.5% | ||
| Q2 24 | 13.8% | -29.9% | ||
| Q1 24 | 17.0% | -23.9% |
净利率LRNNRDY
| Q4 25 | 15.8% | -18.8% | ||
| Q3 25 | 11.1% | -33.2% | ||
| Q2 25 | 7.9% | -17.4% | ||
| Q1 25 | 16.2% | -22.1% | ||
| Q4 24 | 16.4% | -21.1% | ||
| Q3 24 | 7.4% | -42.4% | ||
| Q2 24 | 11.8% | -17.8% | ||
| Q1 24 | 13.4% | -13.9% |
每股收益（稀释后）LRNNRDY
| Q4 25 | $2.12 | $-0.07 | ||
| Q3 25 | $1.40 | $-0.10 | ||
| Q2 25 | $0.96 | $-0.07 | ||
| Q1 25 | $2.02 | $-0.09 | ||
| Q4 24 | $2.03 | $-0.09 | ||
| Q3 24 | $0.94 | $-0.14 | ||
| Q2 24 | $1.44 | $-0.08 | ||
| Q1 24 | $1.60 | $-0.07 |
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 | $625.7M | $47.9M |
| 总债务越低越好 | $417.2M | — |
| 股东权益账面价值 | $1.5B | $19.0M |
| 总资产 | $2.3B | $76.2M |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资LRNNRDY
| Q4 25 | $625.7M | $47.9M | ||
| Q3 25 | $715.1M | $32.7M | ||
| Q2 25 | $985.3M | $36.7M | ||
| Q1 25 | $723.7M | $44.9M | ||
| Q4 24 | $717.5M | $52.5M | ||
| Q3 24 | $522.2M | $65.0M | ||
| Q2 24 | $692.3M | $69.8M | ||
| Q1 24 | $376.6M | $77.0M |
总债务LRNNRDY
| Q4 25 | $417.2M | — | ||
| Q3 25 | $416.8M | — | ||
| Q2 25 | $416.3M | — | ||
| Q1 25 | $415.9M | — | ||
| Q4 24 | $415.5M | — | ||
| Q3 24 | $415.1M | — | ||
| Q2 24 | $414.7M | — | ||
| Q1 24 | $414.3M | — |
股东权益LRNNRDY
| Q4 25 | $1.5B | $19.0M | ||
| Q3 25 | $1.5B | $24.3M | ||
| Q2 25 | $1.5B | $31.8M | ||
| Q1 25 | $1.4B | $34.4M | ||
| Q4 24 | $1.3B | $39.5M | ||
| Q3 24 | $1.2B | $43.3M | ||
| Q2 24 | $1.2B | $52.2M | ||
| Q1 24 | $1.1B | $52.8M |
总资产LRNNRDY
| Q4 25 | $2.3B | $76.2M | ||
| Q3 25 | $2.3B | $70.4M | ||
| Q2 25 | $2.3B | $73.7M | ||
| Q1 25 | $2.2B | $83.0M | ||
| Q4 24 | $2.1B | $92.5M | ||
| Q3 24 | $2.0B | $106.8M | ||
| Q2 24 | $1.9B | $111.3M | ||
| Q1 24 | $1.9B | $121.3M |
负债/权益比LRNNRDY
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.28× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.38× | — |
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 | $91.8M | $-2.9M |
| 自由现金流经营现金流 - 资本支出 | $91.6M | $-4.3M |
| 自由现金流率自由现金流/营收 | 14.5% | -8.7% |
| 资本支出强度资本支出/营收 | 0.0% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.92× | — |
| 过去12个月自由现金流最近4个季度 | $246.3M | $-24.2M |
8季度趋势，按日历期对齐
经营现金流LRNNRDY
| Q4 25 | $91.8M | $-2.9M | ||
| Q3 25 | $-195.8M | $-2.4M | ||
| Q2 25 | $298.3M | $-7.0M | ||
| Q1 25 | $53.1M | $-6.4M | ||
| Q4 24 | $223.4M | $-11.3M | ||
| Q3 24 | $-142.0M | $-3.1M | ||
| Q2 24 | $172.2M | $-5.6M | ||
| Q1 24 | $68.6M | $4.4M |
自由现金流LRNNRDY
| Q4 25 | $91.6M | $-4.3M | ||
| Q3 25 | $-196.1M | $-4.1M | ||
| Q2 25 | $297.9M | $-8.2M | ||
| Q1 25 | $52.9M | $-7.6M | ||
| Q4 24 | $222.9M | $-12.5M | ||
| Q3 24 | $-142.7M | $-5.0M | ||
| Q2 24 | $171.4M | $-7.1M | ||
| Q1 24 | $68.4M | $2.1M |
自由现金流率LRNNRDY
| Q4 25 | 14.5% | -8.7% | ||
| Q3 25 | -31.6% | -11.2% | ||
| Q2 25 | 45.6% | -18.1% | ||
| Q1 25 | 8.6% | -16.0% | ||
| Q4 24 | 38.0% | -26.0% | ||
| Q3 24 | -25.9% | -13.3% | ||
| Q2 24 | 32.1% | -14.0% | ||
| Q1 24 | 13.1% | 4.0% |
资本支出强度LRNNRDY
| Q4 25 | 0.0% | 2.7% | ||
| Q3 25 | 0.0% | 4.6% | ||
| Q2 25 | 0.1% | 2.6% | ||
| Q1 25 | 0.0% | 2.5% | ||
| Q4 24 | 0.1% | 2.4% | ||
| Q3 24 | 0.1% | 5.2% | ||
| Q2 24 | 0.1% | 3.0% | ||
| Q1 24 | 0.0% | 4.1% |
现金转化率LRNNRDY
| Q4 25 | 0.92× | — | ||
| Q3 25 | -2.85× | — | ||
| Q2 25 | 5.81× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 2.32× | — | ||
| Q3 24 | -3.47× | — | ||
| Q2 24 | 2.74× | — | ||
| Q1 24 | 0.98× | — |
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
LRN
| General Education | $341.4M | 54% |
| Middle High School | $275.6M | 44% |
| Adult | $14.3M | 2% |
NRDY
暂无分部数据
