vs
Stride, Inc.（LRN）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是Stride, Inc.的1.3倍（$828.2M vs $629.9M），Stride, Inc.净利率更高（14.1% vs 13.2%，领先0.8%），Stride, Inc.同比增速更快（2.7% vs -40.0%），过去两年Stride, Inc.的营收复合增速更高（8.6% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
LRN vs RITM — 直观对比
营收规模更大
RITM
是对方的1.3倍
$629.9M
营收增速更快
LRN
高出42.7%
-40.0%
净利率更高
LRN
高出0.8%
13.2%
两年增速更快
LRN
近两年复合增速
-17.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $629.9M | $828.2M |
| 净利润 | $88.5M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | — |
| 净利率 | 14.1% | 13.2% |
| 营收同比 | 2.7% | -40.0% |
| 净利润同比 | 8.5% | 20.9% |
| 每股收益（稀释后） | $1.93 | $0.12 |
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LRNRITM
| Q3 26 | $629.9M | — | ||
| Q1 26 | — | $828.2M | ||
| Q4 25 | $631.3M | $1.5B | ||
| Q3 25 | $620.9M | $1.1B | ||
| Q2 25 | $653.6M | $1.2B | ||
| Q1 25 | $613.4M | $768.4M | ||
| Q4 24 | $587.2M | $2.1B | ||
| Q3 24 | $551.1M | $619.5M |
净利润LRNRITM
| Q3 26 | $88.5M | — | ||
| Q1 26 | — | $109.5M | ||
| Q4 25 | $99.5M | $85.0M | ||
| Q3 25 | $68.8M | $221.5M | ||
| Q2 25 | $51.3M | $311.7M | ||
| Q1 25 | $99.3M | $78.8M | ||
| Q4 24 | $96.4M | $290.2M | ||
| Q3 24 | $40.9M | $121.7M |
毛利率LRNRITM
| Q3 26 | — | — | ||
| Q1 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% | — |
营业利润率LRNRITM
| Q3 26 | 20.5% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 23.3% | 13.8% | ||
| Q3 25 | 11.1% | 21.4% | ||
| Q2 25 | 8.7% | 25.2% | ||
| Q1 25 | 21.3% | 7.4% | ||
| Q4 24 | 21.3% | 23.8% | ||
| Q3 24 | 8.6% | 7.3% |
净利率LRNRITM
| Q3 26 | 14.1% | — | ||
| Q1 26 | — | 13.2% | ||
| Q4 25 | 15.8% | 5.7% | ||
| Q3 25 | 11.1% | 20.0% | ||
| Q2 25 | 7.9% | 25.6% | ||
| Q1 25 | 16.2% | 10.3% | ||
| Q4 24 | 16.4% | 14.0% | ||
| Q3 24 | 7.4% | 19.7% |
每股收益（稀释后）LRNRITM
| Q3 26 | $1.93 | — | ||
| Q1 26 | — | $0.12 | ||
| Q4 25 | $2.12 | $0.09 | ||
| Q3 25 | $1.40 | $0.35 | ||
| Q2 25 | $0.96 | $0.53 | ||
| Q1 25 | $2.02 | $0.07 | ||
| Q4 24 | $2.03 | $0.50 | ||
| Q3 24 | $0.94 | $0.20 |
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 | — |
| 总债务越低越好 | $417.6M | — |
| 股东权益账面价值 | $1.6B | $9.1B |
| 总资产 | $2.4B | $53.4B |
| 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LRNRITM
| Q3 26 | $614.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $625.7M | $1.8B | ||
| Q3 25 | $715.1M | $1.6B | ||
| Q2 25 | $985.3M | $1.6B | ||
| Q1 25 | $723.7M | $1.5B | ||
| Q4 24 | $717.5M | $1.5B | ||
| Q3 24 | $522.2M | $1.6B |
总债务LRNRITM
| Q3 26 | $417.6M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $417.2M | $35.4B | ||
| Q3 25 | $416.8M | $32.2B | ||
| Q2 25 | $416.3M | $31.2B | ||
| Q1 25 | $415.9M | $32.2B | ||
| Q4 24 | $415.5M | $32.6B | ||
| Q3 24 | $415.1M | $29.6B |
股东权益LRNRITM
| Q3 26 | $1.6B | — | ||
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.5B | $8.4B | ||
| Q3 25 | $1.5B | $8.5B | ||
| Q2 25 | $1.5B | $7.9B | ||
| Q1 25 | $1.4B | $7.8B | ||
| Q4 24 | $1.3B | $7.8B | ||
| Q3 24 | $1.2B | $7.7B |
总资产LRNRITM
| Q3 26 | $2.4B | — | ||
| Q1 26 | — | $53.4B | ||
| Q4 25 | $2.3B | $53.1B | ||
| Q3 25 | $2.3B | $47.2B | ||
| Q2 25 | $2.3B | $44.3B | ||
| Q1 25 | $2.2B | $45.3B | ||
| Q4 24 | $2.1B | $46.0B | ||
| Q3 24 | $2.0B | $42.3B |
负债/权益比LRNRITM
| Q3 26 | 0.25× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 4.20× | ||
| Q3 25 | 0.27× | 3.79× | ||
| Q2 25 | 0.28× | 3.92× | ||
| Q1 25 | 0.29× | 4.14× | ||
| Q4 24 | 0.32× | 4.18× | ||
| Q3 24 | 0.34× | 3.87× |
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 | — |
| 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× | — |
| 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LRNRITM
| Q3 26 | $117.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $91.8M | $-114.6M | ||
| Q3 25 | $-195.8M | $-2.0B | ||
| Q2 25 | $298.3M | $-557.1M | ||
| Q1 25 | $53.1M | $1.4B | ||
| Q4 24 | $223.4M | $-1.8B | ||
| Q3 24 | $-142.0M | $768.1M |
自由现金流LRNRITM
| Q3 26 | — | — | ||
| Q1 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 | — |
自由现金流率LRNRITM
| Q3 26 | — | — | ||
| Q1 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% | — |
资本支出强度LRNRITM
| Q3 26 | — | — | ||
| Q1 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% | — |
现金转化率LRNRITM
| Q3 26 | 1.32× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.92× | -1.35× | ||
| Q3 25 | -2.85× | -9.22× | ||
| Q2 25 | 5.81× | -1.79× | ||
| Q1 25 | 0.53× | 18.03× | ||
| Q4 24 | 2.32× | -6.04× | ||
| Q3 24 | -3.47× | 6.31× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
