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Stride, Inc.（LRN）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是Stride, Inc.的1.9倍（$1.2B vs $629.9M），先锋自然资源公司净利率更高（29.0% vs 14.1%，领先15.0%），Stride, Inc.同比增速更快（2.7% vs -9.8%），过去两年Stride, Inc.的营收复合增速更高（6.9% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
LRN vs PR — 直观对比
营收规模更大
PR
是对方的1.9倍
$629.9M
营收增速更快
LRN
高出12.5%
-9.8%
净利率更高
PR
高出15.0%
14.1%
两年增速更快
LRN
近两年复合增速
-3.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $629.9M | $1.2B |
| 净利润 | $88.5M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 23.1% |
| 净利率 | 14.1% | 29.0% |
| 营收同比 | 2.7% | -9.8% |
| 净利润同比 | 8.5% | 56.7% |
| 每股收益（稀释后） | $1.93 | $0.48 |
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LRNPR
| Q3 26 | $629.9M | — | ||
| Q4 25 | $631.3M | $1.2B | ||
| Q3 25 | $620.9M | $1.3B | ||
| Q2 25 | $653.6M | $1.2B | ||
| Q1 25 | $613.4M | $1.4B | ||
| Q4 24 | $587.2M | $1.3B | ||
| Q3 24 | $551.1M | $1.2B | ||
| Q2 24 | — | $1.2B |
净利润LRNPR
| Q3 26 | $88.5M | — | ||
| Q4 25 | $99.5M | $339.5M | ||
| Q3 25 | $68.8M | $59.2M | ||
| Q2 25 | $51.3M | $207.1M | ||
| Q1 25 | $99.3M | $329.3M | ||
| Q4 24 | $96.4M | $216.7M | ||
| Q3 24 | $40.9M | $386.4M | ||
| Q2 24 | — | $235.1M |
毛利率LRNPR
| 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LRNPR
| Q3 26 | 20.5% | — | ||
| Q4 25 | 23.3% | 23.1% | ||
| Q3 25 | 11.1% | 29.6% | ||
| Q2 25 | 8.7% | 24.8% | ||
| Q1 25 | 21.3% | 36.6% | ||
| Q4 24 | 21.3% | 32.8% | ||
| Q3 24 | 8.6% | 32.5% | ||
| Q2 24 | — | 36.5% |
净利率LRNPR
| Q3 26 | 14.1% | — | ||
| Q4 25 | 15.8% | 29.0% | ||
| Q3 25 | 11.1% | 4.5% | ||
| Q2 25 | 7.9% | 17.3% | ||
| Q1 25 | 16.2% | 23.9% | ||
| Q4 24 | 16.4% | 16.7% | ||
| Q3 24 | 7.4% | 31.8% | ||
| Q2 24 | — | 18.9% |
每股收益（稀释后）LRNPR
| Q3 26 | $1.93 | — | ||
| Q4 25 | $2.12 | $0.48 | ||
| Q3 25 | $1.40 | $0.08 | ||
| Q2 25 | $0.96 | $0.28 | ||
| Q1 25 | $2.02 | $0.44 | ||
| Q4 24 | $2.03 | $0.31 | ||
| Q3 24 | $0.94 | $0.53 | ||
| Q2 24 | — | $0.36 |
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 | $153.7M |
| 总债务越低越好 | $417.6M | $3.5B |
| 股东权益账面价值 | $1.6B | $10.3B |
| 总资产 | $2.4B | $17.9B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资LRNPR
| Q3 26 | $614.0M | — | ||
| Q4 25 | $625.7M | $153.7M | ||
| Q3 25 | $715.1M | $111.8M | ||
| Q2 25 | $985.3M | $451.0M | ||
| Q1 25 | $723.7M | $702.2M | ||
| Q4 24 | $717.5M | $479.3M | ||
| Q3 24 | $522.2M | $272.0M | ||
| Q2 24 | — | $47.8M |
总债务LRNPR
| Q3 26 | $417.6M | — | ||
| Q4 25 | $417.2M | $3.5B | ||
| Q3 25 | $416.8M | $3.5B | ||
| Q2 25 | $416.3M | $4.0B | ||
| Q1 25 | $415.9M | $4.0B | ||
| Q4 24 | $415.5M | $4.2B | ||
| Q3 24 | $415.1M | $4.2B | ||
| Q2 24 | — | $3.9B |
股东权益LRNPR
| Q3 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $10.3B | ||
| Q3 25 | $1.5B | $10.0B | ||
| Q2 25 | $1.5B | $9.5B | ||
| Q1 25 | $1.4B | $9.4B | ||
| Q4 24 | $1.3B | $9.1B | ||
| Q3 24 | $1.2B | $9.0B | ||
| Q2 24 | — | $8.3B |
总资产LRNPR
| Q3 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $17.9B | ||
| Q3 25 | $2.3B | $17.3B | ||
| Q2 25 | $2.3B | $17.5B | ||
| Q1 25 | $2.2B | $17.1B | ||
| Q4 24 | $2.1B | $16.9B | ||
| Q3 24 | $2.0B | $16.6B | ||
| Q2 24 | — | $15.4B |
负债/权益比LRNPR
| Q3 26 | 0.25× | — | ||
| Q4 25 | 0.27× | 0.34× | ||
| Q3 25 | 0.27× | 0.35× | ||
| Q2 25 | 0.28× | 0.42× | ||
| Q1 25 | 0.29× | 0.43× | ||
| Q4 24 | 0.32× | 0.46× | ||
| Q3 24 | 0.34× | 0.47× | ||
| Q2 24 | — | 0.46× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.32× | 2.66× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LRNPR
| Q3 26 | $117.0M | — | ||
| Q4 25 | $91.8M | $904.3M | ||
| Q3 25 | $-195.8M | $766.5M | ||
| Q2 25 | $298.3M | $1.0B | ||
| Q1 25 | $53.1M | $898.0M | ||
| Q4 24 | $223.4M | $871.6M | ||
| Q3 24 | $-142.0M | $954.4M | ||
| Q2 24 | — | $938.4M |
自由现金流LRNPR
| Q3 26 | — | — | ||
| Q4 25 | $91.6M | — | ||
| Q3 25 | $-196.1M | — | ||
| Q2 25 | $297.9M | — | ||
| Q1 25 | $52.9M | — | ||
| Q4 24 | $222.9M | — | ||
| Q3 24 | $-142.7M | — | ||
| Q2 24 | — | — |
自由现金流率LRNPR
| Q3 26 | — | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | -31.6% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 38.0% | — | ||
| Q3 24 | -25.9% | — | ||
| Q2 24 | — | — |
资本支出强度LRNPR
| Q3 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | — |
现金转化率LRNPR
| Q3 26 | 1.32× | — | ||
| Q4 25 | 0.92× | 2.66× | ||
| Q3 25 | -2.85× | 12.94× | ||
| Q2 25 | 5.81× | 5.01× | ||
| Q1 25 | 0.53× | 2.73× | ||
| Q4 24 | 2.32× | 4.02× | ||
| Q3 24 | -3.47× | 2.47× | ||
| Q2 24 | — | 3.99× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
