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Stride, Inc.（LRN）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.2倍（$629.9M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 14.1%，领先4.8%），OUTFRONT Media Inc.同比增速更快（4.1% vs 2.7%），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% vs 6.9%）
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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
LRN vs OUT — 直观对比
营收规模更大
LRN
是对方的1.2倍
$513.3M
营收增速更快
OUT
高出1.4%
2.7%
净利率更高
OUT
高出4.8%
14.1%
两年增速更快
OUT
近两年复合增速
6.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $629.9M | $513.3M |
| 净利润 | $88.5M | $96.8M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 26.0% |
| 净利率 | 14.1% | 18.9% |
| 营收同比 | 2.7% | 4.1% |
| 净利润同比 | 8.5% | 30.8% |
| 每股收益（稀释后） | $1.93 | $0.57 |
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LRNOUT
| Q3 26 | $629.9M | — | ||
| Q4 25 | $631.3M | $513.3M | ||
| Q3 25 | $620.9M | $467.5M | ||
| Q2 25 | $653.6M | $460.2M | ||
| Q1 25 | $613.4M | $390.7M | ||
| Q4 24 | $587.2M | $493.2M | ||
| Q3 24 | $551.1M | $451.9M | ||
| Q2 24 | — | $477.3M |
净利润LRNOUT
| Q3 26 | $88.5M | — | ||
| Q4 25 | $99.5M | $96.8M | ||
| Q3 25 | $68.8M | $51.3M | ||
| Q2 25 | $51.3M | $19.5M | ||
| Q1 25 | $99.3M | $-20.6M | ||
| Q4 24 | $96.4M | $74.0M | ||
| Q3 24 | $40.9M | $34.6M | ||
| Q2 24 | — | $176.8M |
毛利率LRNOUT
| Q3 26 | — | — | ||
| Q4 25 | 41.1% | — | ||
| Q3 25 | 39.0% | — | ||
| Q2 25 | 36.6% | — | ||
| Q1 25 | 40.6% | — | ||
| Q4 24 | 40.8% | — | ||
| Q3 24 | 39.2% | — | ||
| Q2 24 | — | — |
营业利润率LRNOUT
| Q3 26 | 20.5% | — | ||
| Q4 25 | 23.3% | 26.0% | ||
| Q3 25 | 11.1% | 19.2% | ||
| Q2 25 | 8.7% | 12.2% | ||
| Q1 25 | 21.3% | 3.6% | ||
| Q4 24 | 21.3% | 22.5% | ||
| Q3 24 | 8.6% | 15.8% | ||
| Q2 24 | — | 48.0% |
净利率LRNOUT
| Q3 26 | 14.1% | — | ||
| Q4 25 | 15.8% | 18.9% | ||
| Q3 25 | 11.1% | 11.0% | ||
| Q2 25 | 7.9% | 4.2% | ||
| Q1 25 | 16.2% | -5.3% | ||
| Q4 24 | 16.4% | 15.0% | ||
| Q3 24 | 7.4% | 7.7% | ||
| Q2 24 | — | 37.0% |
每股收益（稀释后）LRNOUT
| Q3 26 | $1.93 | — | ||
| Q4 25 | $2.12 | $0.57 | ||
| Q3 25 | $1.40 | $0.29 | ||
| Q2 25 | $0.96 | $0.10 | ||
| Q1 25 | $2.02 | $-0.14 | ||
| Q4 24 | $2.03 | $0.49 | ||
| Q3 24 | $0.94 | $0.19 | ||
| Q2 24 | — | $1.01 |
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 | $614.0M | $99.9M |
| 总债务越低越好 | $417.6M | — |
| 股东权益账面价值 | $1.6B | $710.4M |
| 总资产 | $2.4B | $5.3B |
| 负债/权益比越低杠杆越低 | 0.25× | — |
8季度趋势，按日历期对齐
现金及短期投资LRNOUT
| Q3 26 | $614.0M | — | ||
| Q4 25 | $625.7M | $99.9M | ||
| Q3 25 | $715.1M | $63.0M | ||
| Q2 25 | $985.3M | $28.5M | ||
| Q1 25 | $723.7M | $30.5M | ||
| Q4 24 | $717.5M | $46.9M | ||
| Q3 24 | $522.2M | $28.0M | ||
| Q2 24 | — | $49.6M |
总债务LRNOUT
| Q3 26 | $417.6M | — | ||
| 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 | — | — |
股东权益LRNOUT
| Q3 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $710.4M | ||
| Q3 25 | $1.5B | $542.6M | ||
| Q2 25 | $1.5B | $539.1M | ||
| Q1 25 | $1.4B | $566.9M | ||
| Q4 24 | $1.3B | $649.0M | ||
| Q3 24 | $1.2B | $618.2M | ||
| Q2 24 | — | $664.9M |
总资产LRNOUT
| Q3 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $5.3B | ||
| Q3 25 | $2.3B | $5.2B | ||
| Q2 25 | $2.3B | $5.1B | ||
| Q1 25 | $2.2B | $5.1B | ||
| Q4 24 | $2.1B | $5.2B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | — | $5.3B |
负债/权益比LRNOUT
| Q3 26 | 0.25× | — | ||
| 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 | — | — |
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 | $117.0M | $118.1M |
| 自由现金流经营现金流 - 资本支出 | — | $93.3M |
| 自由现金流率自由现金流/营收 | — | 18.2% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 现金转化率经营现金流/净利润 | 1.32× | 1.22× |
| 过去12个月自由现金流最近4个季度 | — | $218.8M |
8季度趋势，按日历期对齐
经营现金流LRNOUT
| Q3 26 | $117.0M | — | ||
| Q4 25 | $91.8M | $118.1M | ||
| Q3 25 | $-195.8M | $88.8M | ||
| Q2 25 | $298.3M | $67.1M | ||
| Q1 25 | $53.1M | $33.6M | ||
| Q4 24 | $223.4M | $124.5M | ||
| Q3 24 | $-142.0M | $73.1M | ||
| Q2 24 | — | $71.0M |
自由现金流LRNOUT
| Q3 26 | — | — | ||
| Q4 25 | $91.6M | $93.3M | ||
| Q3 25 | $-196.1M | $67.7M | ||
| Q2 25 | $297.9M | $41.4M | ||
| Q1 25 | $52.9M | $16.4M | ||
| Q4 24 | $222.9M | $106.3M | ||
| Q3 24 | $-142.7M | $55.5M | ||
| Q2 24 | — | $47.1M |
自由现金流率LRNOUT
| Q3 26 | — | — | ||
| Q4 25 | 14.5% | 18.2% | ||
| Q3 25 | -31.6% | 14.5% | ||
| Q2 25 | 45.6% | 9.0% | ||
| Q1 25 | 8.6% | 4.2% | ||
| Q4 24 | 38.0% | 21.6% | ||
| Q3 24 | -25.9% | 12.3% | ||
| Q2 24 | — | 9.9% |
资本支出强度LRNOUT
| Q3 26 | — | — | ||
| Q4 25 | 0.0% | 4.8% | ||
| Q3 25 | 0.0% | 4.5% | ||
| Q2 25 | 0.1% | 5.6% | ||
| Q1 25 | 0.0% | 4.4% | ||
| Q4 24 | 0.1% | 3.7% | ||
| Q3 24 | 0.1% | 3.9% | ||
| Q2 24 | — | 5.0% |
现金转化率LRNOUT
| Q3 26 | 1.32× | — | ||
| Q4 25 | 0.92× | 1.22× | ||
| Q3 25 | -2.85× | 1.73× | ||
| Q2 25 | 5.81× | 3.44× | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 2.32× | 1.68× | ||
| Q3 24 | -3.47× | 2.11× | ||
| Q2 24 | — | 0.40× |
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 | $357.5M | 57% |
| Middle - High School | $259.5M | 41% |
| Adult | $12.9M | 2% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
