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Stride, Inc.（LRN）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Stride, Inc.的2.0倍（$1.2B vs $629.9M），Stride, Inc.净利率更高（14.1% vs -2.2%，领先16.2%），Stride, Inc.同比增速更快（2.7% vs -18.3%），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
LRN vs ROKU — 直观对比
营收规模更大
ROKU
是对方的2.0倍
$629.9M
营收增速更快
LRN
高出21.0%
-18.3%
净利率更高
LRN
高出16.2%
-2.2%
两年增速更快
ROKU
近两年复合增速
6.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $629.9M | $1.2B |
| 净利润 | $88.5M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | 20.5% | 59.7% |
| 净利率 | 14.1% | -2.2% |
| 营收同比 | 2.7% | -18.3% |
| 净利润同比 | 8.5% | -361.0% |
| 每股收益（稀释后） | $1.93 | $0.57 |
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LRNROKU
| Q3 26 | $629.9M | — | ||
| Q1 26 | — | $1.2B | ||
| Q4 25 | $631.3M | $1.4B | ||
| Q3 25 | $620.9M | $1.2B | ||
| Q2 25 | $653.6M | $1.1B | ||
| Q1 25 | $613.4M | $1.0B | ||
| Q4 24 | $587.2M | $1.2B | ||
| Q3 24 | $551.1M | $1.1B |
净利润LRNROKU
| Q3 26 | $88.5M | — | ||
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $99.5M | $80.5M | ||
| Q3 25 | $68.8M | $24.8M | ||
| Q2 25 | $51.3M | $10.5M | ||
| Q1 25 | $99.3M | $-27.4M | ||
| Q4 24 | $96.4M | $-35.5M | ||
| Q3 24 | $40.9M | $-9.0M |
毛利率LRNROKU
| Q3 26 | — | — | ||
| Q1 26 | — | 35.6% | ||
| Q4 25 | 41.1% | 43.5% | ||
| Q3 25 | 39.0% | 43.4% | ||
| Q2 25 | 36.6% | 44.8% | ||
| Q1 25 | 40.6% | 43.6% | ||
| Q4 24 | 40.8% | 42.7% | ||
| Q3 24 | 39.2% | 45.2% |
营业利润率LRNROKU
| Q3 26 | 20.5% | — | ||
| Q1 26 | — | 59.7% | ||
| Q4 25 | 23.3% | 4.7% | ||
| Q3 25 | 11.1% | 0.8% | ||
| Q2 25 | 8.7% | -2.1% | ||
| Q1 25 | 21.3% | -5.7% | ||
| Q4 24 | 21.3% | -3.3% | ||
| Q3 24 | 8.6% | -3.4% |
净利率LRNROKU
| Q3 26 | 14.1% | — | ||
| Q1 26 | — | -2.2% | ||
| Q4 25 | 15.8% | 5.8% | ||
| Q3 25 | 11.1% | 2.0% | ||
| Q2 25 | 7.9% | 0.9% | ||
| Q1 25 | 16.2% | -2.7% | ||
| Q4 24 | 16.4% | -3.0% | ||
| Q3 24 | 7.4% | -0.9% |
每股收益（稀释后）LRNROKU
| Q3 26 | $1.93 | — | ||
| Q1 26 | — | $0.57 | ||
| Q4 25 | $2.12 | $0.55 | ||
| Q3 25 | $1.40 | $0.16 | ||
| Q2 25 | $0.96 | $0.07 | ||
| Q1 25 | $2.02 | $-0.19 | ||
| Q4 24 | $2.03 | $-0.24 | ||
| Q3 24 | $0.94 | $-0.06 |
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 | $2.4B |
| 总债务越低越好 | $417.6M | — |
| 股东权益账面价值 | $1.6B | $2.7B |
| 总资产 | $2.4B | $4.4B |
| 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LRNROKU
| Q3 26 | $614.0M | — | ||
| Q1 26 | — | $2.4B | ||
| Q4 25 | $625.7M | $2.3B | ||
| Q3 25 | $715.1M | $2.3B | ||
| Q2 25 | $985.3M | $2.3B | ||
| Q1 25 | $723.7M | $2.3B | ||
| Q4 24 | $717.5M | $2.2B | ||
| Q3 24 | $522.2M | $2.1B |
总债务LRNROKU
| Q3 26 | $417.6M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $417.2M | — | ||
| Q3 25 | $416.8M | — | ||
| Q2 25 | $416.3M | — | ||
| Q1 25 | $415.9M | — | ||
| Q4 24 | $415.5M | — | ||
| Q3 24 | $415.1M | — |
股东权益LRNROKU
| Q3 26 | $1.6B | — | ||
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.2B | $2.5B |
总资产LRNROKU
| Q3 26 | $2.4B | — | ||
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.3B | $4.4B | ||
| Q3 25 | $2.3B | $4.4B | ||
| Q2 25 | $2.3B | $4.3B | ||
| Q1 25 | $2.2B | $4.2B | ||
| Q4 24 | $2.1B | $4.3B | ||
| Q3 24 | $2.0B | $4.3B |
负债/权益比LRNROKU
| Q3 26 | 0.25× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.28× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.34× | — |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | — | $298.4M |
| 自由现金流率自由现金流/营收 | — | 23.9% |
| 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 | — | $640.0M |
8季度趋势，按日历期对齐
经营现金流LRNROKU
| Q3 26 | $117.0M | — | ||
| Q1 26 | — | $199.1M | ||
| Q4 25 | $91.8M | $107.7M | ||
| Q3 25 | $-195.8M | $127.6M | ||
| Q2 25 | $298.3M | $109.7M | ||
| Q1 25 | $53.1M | $138.7M | ||
| Q4 24 | $223.4M | $79.3M | ||
| Q3 24 | $-142.0M | $68.7M |
自由现金流LRNROKU
| Q3 26 | — | — | ||
| Q1 26 | — | $298.4M | ||
| Q4 25 | $91.6M | $106.6M | ||
| Q3 25 | $-196.1M | $126.5M | ||
| Q2 25 | $297.9M | $108.6M | ||
| Q1 25 | $52.9M | $136.8M | ||
| Q4 24 | $222.9M | $76.8M | ||
| Q3 24 | $-142.7M | $67.6M |
自由现金流率LRNROKU
| Q3 26 | — | — | ||
| Q1 26 | — | 23.9% | ||
| Q4 25 | 14.5% | 7.6% | ||
| Q3 25 | -31.6% | 10.4% | ||
| Q2 25 | 45.6% | 9.8% | ||
| Q1 25 | 8.6% | 13.4% | ||
| Q4 24 | 38.0% | 6.4% | ||
| Q3 24 | -25.9% | 6.4% |
资本支出强度LRNROKU
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.0% | 0.2% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.1% | 0.1% |
现金转化率LRNROKU
| Q3 26 | 1.32× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.92× | 1.34× | ||
| Q3 25 | -2.85× | 5.14× | ||
| Q2 25 | 5.81× | 10.45× | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 2.32× | — | ||
| Q3 24 | -3.47× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
