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Stride, Inc.（LRN）与ROYAL GOLD INC（RGLD）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ROYAL GOLD INC的1.7倍（$629.9M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 14.1%，领先10.9%），ROYAL GOLD INC同比增速更快（85.3% vs 2.7%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 8.6%）
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。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
LRN vs RGLD — 直观对比
营收规模更大
LRN
是对方的1.7倍
$375.3M
营收增速更快
RGLD
高出82.6%
2.7%
净利率更高
RGLD
高出10.9%
14.1%
两年增速更快
RGLD
近两年复合增速
8.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $629.9M | $375.3M |
| 净利润 | $88.5M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 20.5% | 56.2% |
| 净利率 | 14.1% | 24.9% |
| 营收同比 | 2.7% | 85.3% |
| 净利润同比 | 8.5% | -12.8% |
| 每股收益（稀释后） | $1.93 | $1.04 |
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LRNRGLD
| Q3 26 | $629.9M | — | ||
| Q4 25 | $631.3M | $375.3M | ||
| Q3 25 | $620.9M | $252.1M | ||
| Q2 25 | $653.6M | $209.6M | ||
| Q1 25 | $613.4M | $193.4M | ||
| Q4 24 | $587.2M | $202.6M | ||
| Q3 24 | $551.1M | $193.8M | ||
| Q2 24 | $534.2M | $174.1M |
净利润LRNRGLD
| Q3 26 | $88.5M | — | ||
| Q4 25 | $99.5M | $93.6M | ||
| Q3 25 | $68.8M | $126.8M | ||
| Q2 25 | $51.3M | $132.3M | ||
| Q1 25 | $99.3M | $113.5M | ||
| Q4 24 | $96.4M | $107.4M | ||
| Q3 24 | $40.9M | $96.2M | ||
| Q2 24 | $62.8M | $81.2M |
毛利率LRNRGLD
| Q3 26 | — | — | ||
| Q4 25 | 41.1% | 64.6% | ||
| Q3 25 | 39.0% | 73.6% | ||
| Q2 25 | 36.6% | 72.6% | ||
| Q1 25 | 40.6% | 69.4% | ||
| Q4 24 | 40.8% | 70.3% | ||
| Q3 24 | 39.2% | 66.6% | ||
| Q2 24 | 35.2% | 64.7% |
营业利润率LRNRGLD
| Q3 26 | 20.5% | — | ||
| Q4 25 | 23.3% | 56.2% | ||
| Q3 25 | 11.1% | 64.4% | ||
| Q2 25 | 8.7% | 67.7% | ||
| Q1 25 | 21.3% | 63.6% | ||
| Q4 24 | 21.3% | 65.9% | ||
| Q3 24 | 8.6% | 61.3% | ||
| Q2 24 | 13.8% | 58.6% |
净利率LRNRGLD
| Q3 26 | 14.1% | — | ||
| Q4 25 | 15.8% | 24.9% | ||
| Q3 25 | 11.1% | 50.3% | ||
| Q2 25 | 7.9% | 63.1% | ||
| Q1 25 | 16.2% | 58.7% | ||
| Q4 24 | 16.4% | 53.0% | ||
| Q3 24 | 7.4% | 49.7% | ||
| Q2 24 | 11.8% | 46.6% |
每股收益（稀释后）LRNRGLD
| Q3 26 | $1.93 | — | ||
| Q4 25 | $2.12 | $1.04 | ||
| Q3 25 | $1.40 | $1.92 | ||
| Q2 25 | $0.96 | $2.01 | ||
| Q1 25 | $2.02 | $1.72 | ||
| Q4 24 | $2.03 | $1.63 | ||
| Q3 24 | $0.94 | $1.46 | ||
| Q2 24 | $1.44 | $1.23 |
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 | $233.7M |
| 总债务越低越好 | $417.6M | — |
| 股东权益账面价值 | $1.6B | $7.2B |
| 总资产 | $2.4B | $9.5B |
| 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LRNRGLD
| Q3 26 | $614.0M | — | ||
| Q4 25 | $625.7M | $233.7M | ||
| Q3 25 | $715.1M | $172.8M | ||
| Q2 25 | $985.3M | $248.2M | ||
| Q1 25 | $723.7M | $240.8M | ||
| Q4 24 | $717.5M | $195.5M | ||
| Q3 24 | $522.2M | $127.9M | ||
| Q2 24 | $692.3M | $74.2M |
总债务LRNRGLD
| 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 | $0 | ||
| Q2 24 | $414.7M | $50.0M |
股东权益LRNRGLD
| Q3 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $7.2B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.5B | $3.3B | ||
| Q1 25 | $1.4B | $3.2B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $1.2B | $3.0B |
总资产LRNRGLD
| Q3 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $9.5B | ||
| Q3 25 | $2.3B | $4.5B | ||
| Q2 25 | $2.3B | $3.6B | ||
| Q1 25 | $2.2B | $3.5B | ||
| Q4 24 | $2.1B | $3.4B | ||
| Q3 24 | $2.0B | $3.3B | ||
| Q2 24 | $1.9B | $3.3B |
负债/权益比LRNRGLD
| 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× | 0.00× | ||
| Q2 24 | 0.35× | 0.02× |
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 | $241.7M |
| 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× | 2.58× |
| 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LRNRGLD
| Q3 26 | $117.0M | — | ||
| Q4 25 | $91.8M | $241.7M | ||
| Q3 25 | $-195.8M | $174.0M | ||
| Q2 25 | $298.3M | $152.8M | ||
| Q1 25 | $53.1M | $136.4M | ||
| Q4 24 | $223.4M | $141.1M | ||
| Q3 24 | $-142.0M | $136.7M | ||
| Q2 24 | $172.2M | $113.5M |
自由现金流LRNRGLD
| 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 | $171.4M | — |
自由现金流率LRNRGLD
| 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 | 32.1% | — |
资本支出强度LRNRGLD
| 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 | 0.1% | — |
现金转化率LRNRGLD
| Q3 26 | 1.32× | — | ||
| Q4 25 | 0.92× | 2.58× | ||
| Q3 25 | -2.85× | 1.37× | ||
| Q2 25 | 5.81× | 1.15× | ||
| Q1 25 | 0.53× | 1.20× | ||
| Q4 24 | 2.32× | 1.31× | ||
| Q3 24 | -3.47× | 1.42× | ||
| Q2 24 | 2.74× | 1.40× |
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% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
