vs
Stride, Inc.（LRN）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
Ryman Hospitality Properties, Inc.的季度营收约是Stride, Inc.的1.2倍（$737.8M vs $629.9M），Stride, Inc.净利率更高（14.1% vs 10.1%，领先4.0%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 2.7%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% 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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
LRN vs RHP — 直观对比
营收规模更大
RHP
是对方的1.2倍
$629.9M
营收增速更快
RHP
高出11.2%
2.7%
净利率更高
LRN
高出4.0%
10.1%
两年增速更快
RHP
近两年复合增速
8.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $629.9M | $737.8M |
| 净利润 | $88.5M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 20.5% | 19.4% |
| 净利率 | 14.1% | 10.1% |
| 营收同比 | 2.7% | 13.9% |
| 净利润同比 | 8.5% | 3.0% |
| 每股收益（稀释后） | $1.93 | $1.12 |
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LRNRHP
| Q3 26 | $629.9M | — | ||
| Q4 25 | $631.3M | $737.8M | ||
| Q3 25 | $620.9M | $592.5M | ||
| Q2 25 | $653.6M | $659.5M | ||
| Q1 25 | $613.4M | $587.3M | ||
| Q4 24 | $587.2M | $647.6M | ||
| Q3 24 | $551.1M | $550.0M | ||
| Q2 24 | $534.2M | $613.3M |
净利润LRNRHP
| Q3 26 | $88.5M | — | ||
| Q4 25 | $99.5M | $74.5M | ||
| Q3 25 | $68.8M | $34.9M | ||
| Q2 25 | $51.3M | $71.8M | ||
| Q1 25 | $99.3M | $63.0M | ||
| Q4 24 | $96.4M | $72.3M | ||
| Q3 24 | $40.9M | $59.0M | ||
| Q2 24 | $62.8M | $100.8M |
毛利率LRNRHP
| Q3 26 | — | — | ||
| Q4 25 | 41.1% | 41.4% | ||
| Q3 25 | 39.0% | 40.9% | ||
| Q2 25 | 36.6% | 49.7% | ||
| Q1 25 | 40.6% | 44.4% | ||
| Q4 24 | 40.8% | 40.4% | ||
| Q3 24 | 39.2% | 43.1% | ||
| Q2 24 | 35.2% | 48.4% |
营业利润率LRNRHP
| Q3 26 | 20.5% | — | ||
| Q4 25 | 23.3% | 19.4% | ||
| Q3 25 | 11.1% | 15.0% | ||
| Q2 25 | 8.7% | 21.1% | ||
| Q1 25 | 21.3% | 19.8% | ||
| Q4 24 | 21.3% | 18.6% | ||
| Q3 24 | 8.6% | 19.3% | ||
| Q2 24 | 13.8% | 27.4% |
净利率LRNRHP
| Q3 26 | 14.1% | — | ||
| Q4 25 | 15.8% | 10.1% | ||
| Q3 25 | 11.1% | 5.9% | ||
| Q2 25 | 7.9% | 10.9% | ||
| Q1 25 | 16.2% | 10.7% | ||
| Q4 24 | 16.4% | 11.2% | ||
| Q3 24 | 7.4% | 10.7% | ||
| Q2 24 | 11.8% | 16.4% |
每股收益（稀释后）LRNRHP
| Q3 26 | $1.93 | — | ||
| Q4 25 | $2.12 | $1.12 | ||
| Q3 25 | $1.40 | $0.53 | ||
| Q2 25 | $0.96 | $1.12 | ||
| Q1 25 | $2.02 | $1.00 | ||
| Q4 24 | $2.03 | $1.12 | ||
| Q3 24 | $0.94 | $0.94 | ||
| Q2 24 | $1.44 | $1.65 |
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 | $471.4M |
| 总债务越低越好 | $417.6M | — |
| 股东权益账面价值 | $1.6B | $750.2M |
| 总资产 | $2.4B | $6.2B |
| 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LRNRHP
| Q3 26 | $614.0M | — | ||
| Q4 25 | $625.7M | $471.4M | ||
| Q3 25 | $715.1M | $483.3M | ||
| Q2 25 | $985.3M | $420.6M | ||
| Q1 25 | $723.7M | $413.9M | ||
| Q4 24 | $717.5M | $477.7M | ||
| Q3 24 | $522.2M | $534.9M | ||
| Q2 24 | $692.3M | $498.4M |
总债务LRNRHP
| 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 | $414.7M | — |
股东权益LRNRHP
| Q3 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $750.2M | ||
| Q3 25 | $1.5B | $758.5M | ||
| Q2 25 | $1.5B | $800.4M | ||
| Q1 25 | $1.4B | $531.5M | ||
| Q4 24 | $1.3B | $549.0M | ||
| Q3 24 | $1.2B | $551.9M | ||
| Q2 24 | $1.2B | $562.6M |
总资产LRNRHP
| Q3 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $6.2B | ||
| Q3 25 | $2.3B | $6.2B | ||
| Q2 25 | $2.3B | $6.1B | ||
| Q1 25 | $2.2B | $5.2B | ||
| Q4 24 | $2.1B | $5.2B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | $1.9B | $5.1B |
负债/权益比LRNRHP
| 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 | 0.35× | — |
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 | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | — | 14.4% |
| 现金转化率经营现金流/净利润 | 1.32× | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流LRNRHP
| Q3 26 | $117.0M | — | ||
| Q4 25 | $91.8M | $164.7M | ||
| Q3 25 | $-195.8M | $205.2M | ||
| Q2 25 | $298.3M | $122.5M | ||
| Q1 25 | $53.1M | $98.2M | ||
| Q4 24 | $223.4M | $166.6M | ||
| Q3 24 | $-142.0M | $218.1M | ||
| Q2 24 | $172.2M | $184.3M |
自由现金流LRNRHP
| Q3 26 | — | — | ||
| Q4 25 | $91.6M | $58.5M | ||
| Q3 25 | $-196.1M | $135.4M | ||
| Q2 25 | $297.9M | $53.0M | ||
| Q1 25 | $52.9M | $-14.5M | ||
| Q4 24 | $222.9M | $76.0M | ||
| Q3 24 | $-142.7M | $85.7M | ||
| Q2 24 | $171.4M | $78.8M |
自由现金流率LRNRHP
| Q3 26 | — | — | ||
| Q4 25 | 14.5% | 7.9% | ||
| Q3 25 | -31.6% | 22.9% | ||
| Q2 25 | 45.6% | 8.0% | ||
| Q1 25 | 8.6% | -2.5% | ||
| Q4 24 | 38.0% | 11.7% | ||
| Q3 24 | -25.9% | 15.6% | ||
| Q2 24 | 32.1% | 12.9% |
资本支出强度LRNRHP
| Q3 26 | — | — | ||
| Q4 25 | 0.0% | 14.4% | ||
| Q3 25 | 0.0% | 11.8% | ||
| Q2 25 | 0.1% | 10.5% | ||
| Q1 25 | 0.0% | 19.2% | ||
| Q4 24 | 0.1% | 14.0% | ||
| Q3 24 | 0.1% | 24.1% | ||
| Q2 24 | 0.1% | 17.2% |
现金转化率LRNRHP
| Q3 26 | 1.32× | — | ||
| Q4 25 | 0.92× | 2.21× | ||
| Q3 25 | -2.85× | 5.88× | ||
| Q2 25 | 5.81× | 1.71× | ||
| Q1 25 | 0.53× | 1.56× | ||
| Q4 24 | 2.32× | 2.30× | ||
| Q3 24 | -3.47× | 3.70× | ||
| Q2 24 | 2.74× | 1.83× |
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% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
