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Stride, Inc.（LRN）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是Stride, Inc.的1.7倍（$1.0B vs $629.9M），Stride, Inc.净利率更高（14.1% vs 2.4%，领先11.7%），越洋钻探同比增速更快（9.6% vs 2.7%），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
LRN vs RIG — 直观对比
营收规模更大
RIG
是对方的1.7倍
$629.9M
营收增速更快
RIG
高出6.9%
2.7%
净利率更高
LRN
高出11.7%
2.4%
两年增速更快
RIG
近两年复合增速
6.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $629.9M | $1.0B |
| 净利润 | $88.5M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 20.5% | 23.0% |
| 净利率 | 14.1% | 2.4% |
| 营收同比 | 2.7% | 9.6% |
| 净利润同比 | 8.5% | 257.1% |
| 每股收益（稀释后） | $1.93 | $0.13 |
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LRNRIG
| Q3 26 | $629.9M | — | ||
| Q4 25 | $631.3M | $1.0B | ||
| Q3 25 | $620.9M | $1.0B | ||
| Q2 25 | $653.6M | $988.0M | ||
| Q1 25 | $613.4M | $906.0M | ||
| Q4 24 | $587.2M | $952.0M | ||
| Q3 24 | $551.1M | $948.0M | ||
| Q2 24 | — | $861.0M |
净利润LRNRIG
| Q3 26 | $88.5M | — | ||
| Q4 25 | $99.5M | $25.0M | ||
| Q3 25 | $68.8M | $-1.9B | ||
| Q2 25 | $51.3M | $-938.0M | ||
| Q1 25 | $99.3M | $-79.0M | ||
| Q4 24 | $96.4M | $7.0M | ||
| Q3 24 | $40.9M | $-494.0M | ||
| Q2 24 | — | $-123.0M |
毛利率LRNRIG
| Q3 26 | — | — | ||
| Q4 25 | 41.1% | 42.0% | ||
| Q3 25 | 39.0% | 43.2% | ||
| Q2 25 | 36.6% | 39.4% | ||
| Q1 25 | 40.6% | 31.8% | ||
| Q4 24 | 40.8% | 39.2% | ||
| Q3 24 | 39.2% | 40.6% | ||
| Q2 24 | — | 38.0% |
营业利润率LRNRIG
| Q3 26 | 20.5% | — | ||
| Q4 25 | 23.3% | 23.0% | ||
| Q3 25 | 11.1% | -163.1% | ||
| Q2 25 | 8.7% | -97.6% | ||
| Q1 25 | 21.3% | 7.1% | ||
| Q4 24 | 21.3% | 13.7% | ||
| Q3 24 | 8.6% | -51.2% | ||
| Q2 24 | — | -6.9% |
净利率LRNRIG
| Q3 26 | 14.1% | — | ||
| Q4 25 | 15.8% | 2.4% | ||
| Q3 25 | 11.1% | -187.1% | ||
| Q2 25 | 7.9% | -94.9% | ||
| Q1 25 | 16.2% | -8.7% | ||
| Q4 24 | 16.4% | 0.7% | ||
| Q3 24 | 7.4% | -52.1% | ||
| Q2 24 | — | -14.3% |
每股收益（稀释后）LRNRIG
| Q3 26 | $1.93 | — | ||
| Q4 25 | $2.12 | $0.13 | ||
| Q3 25 | $1.40 | $-2.00 | ||
| Q2 25 | $0.96 | $-1.06 | ||
| Q1 25 | $2.02 | $-0.11 | ||
| Q4 24 | $2.03 | $-0.14 | ||
| Q3 24 | $0.94 | $-0.58 | ||
| Q2 24 | — | $-0.15 |
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 | $620.0M |
| 总债务越低越好 | $417.6M | $5.2B |
| 股东权益账面价值 | $1.6B | $8.1B |
| 总资产 | $2.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资LRNRIG
| Q3 26 | $614.0M | — | ||
| Q4 25 | $625.7M | $620.0M | ||
| Q3 25 | $715.1M | $833.0M | ||
| Q2 25 | $985.3M | $377.0M | ||
| Q1 25 | $723.7M | $263.0M | ||
| Q4 24 | $717.5M | $560.0M | ||
| Q3 24 | $522.2M | $435.0M | ||
| Q2 24 | — | $475.0M |
总债务LRNRIG
| Q3 26 | $417.6M | — | ||
| Q4 25 | $417.2M | $5.2B | ||
| Q3 25 | $416.8M | $4.8B | ||
| Q2 25 | $416.3M | $5.9B | ||
| Q1 25 | $415.9M | $5.9B | ||
| Q4 24 | $415.5M | $6.2B | ||
| Q3 24 | $415.1M | $6.5B | ||
| Q2 24 | — | $6.8B |
股东权益LRNRIG
| Q3 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $8.1B | ||
| Q3 25 | $1.5B | $8.1B | ||
| Q2 25 | $1.5B | $9.4B | ||
| Q1 25 | $1.4B | $10.2B | ||
| Q4 24 | $1.3B | $10.3B | ||
| Q3 24 | $1.2B | $10.2B | ||
| Q2 24 | — | $10.7B |
总资产LRNRIG
| Q3 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $15.6B | ||
| Q3 25 | $2.3B | $16.2B | ||
| Q2 25 | $2.3B | $17.8B | ||
| Q1 25 | $2.2B | $19.0B | ||
| Q4 24 | $2.1B | $19.4B | ||
| Q3 24 | $2.0B | $19.5B | ||
| Q2 24 | — | $20.3B |
负债/权益比LRNRIG
| Q3 26 | 0.25× | — | ||
| Q4 25 | 0.27× | 0.64× | ||
| Q3 25 | 0.27× | 0.60× | ||
| Q2 25 | 0.28× | 0.63× | ||
| Q1 25 | 0.29× | 0.58× | ||
| Q4 24 | 0.32× | 0.60× | ||
| Q3 24 | 0.34× | 0.64× | ||
| Q2 24 | — | 0.63× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | — | $321.0M |
| 自由现金流率自由现金流/营收 | — | 30.8% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | 1.32× | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流LRNRIG
| Q3 26 | $117.0M | — | ||
| Q4 25 | $91.8M | $349.0M | ||
| Q3 25 | $-195.8M | $246.0M | ||
| Q2 25 | $298.3M | $128.0M | ||
| Q1 25 | $53.1M | $26.0M | ||
| Q4 24 | $223.4M | $206.0M | ||
| Q3 24 | $-142.0M | $194.0M | ||
| Q2 24 | — | $133.0M |
自由现金流LRNRIG
| Q3 26 | — | — | ||
| Q4 25 | $91.6M | $321.0M | ||
| Q3 25 | $-196.1M | $235.0M | ||
| Q2 25 | $297.9M | $104.0M | ||
| Q1 25 | $52.9M | $-34.0M | ||
| Q4 24 | $222.9M | $177.0M | ||
| Q3 24 | $-142.7M | $136.0M | ||
| Q2 24 | — | $49.0M |
自由现金流率LRNRIG
| Q3 26 | — | — | ||
| Q4 25 | 14.5% | 30.8% | ||
| Q3 25 | -31.6% | 22.9% | ||
| Q2 25 | 45.6% | 10.5% | ||
| Q1 25 | 8.6% | -3.8% | ||
| Q4 24 | 38.0% | 18.6% | ||
| Q3 24 | -25.9% | 14.3% | ||
| Q2 24 | — | 5.7% |
资本支出强度LRNRIG
| Q3 26 | — | — | ||
| Q4 25 | 0.0% | 2.7% | ||
| Q3 25 | 0.0% | 1.1% | ||
| Q2 25 | 0.1% | 2.4% | ||
| Q1 25 | 0.0% | 6.6% | ||
| Q4 24 | 0.1% | 3.0% | ||
| Q3 24 | 0.1% | 6.1% | ||
| Q2 24 | — | 9.8% |
现金转化率LRNRIG
| Q3 26 | 1.32× | — | ||
| Q4 25 | 0.92× | 13.96× | ||
| Q3 25 | -2.85× | — | ||
| Q2 25 | 5.81× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 2.32× | 29.43× | ||
| Q3 24 | -3.47× | — | ||
| Q2 24 | — | — |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
