vs
Stride, Inc.（LRN）与Rackspace Technology, Inc.（RXT）财务数据对比。点击上方公司名可切换其他公司
Rackspace Technology, Inc.的季度营收约是Stride, Inc.的1.1倍（$682.8M vs $629.9M），Stride, Inc.净利率更高（14.1% vs -4.8%，领先18.8%），Stride, Inc.同比增速更快（2.7% vs -0.4%），过去两年Stride, Inc.的营收复合增速更高（6.9% vs -0.6%）
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。
Rackspace Technology, Inc.是总部位于美国得克萨斯州圣安东尼奥的云计算企业，在弗吉尼亚州雷斯顿以及澳大利亚、加拿大、英国、印度、迪拜、瑞士、荷兰、德国、新加坡、墨西哥、中国香港等多个国家和地区设有办事处，数据中心分布于全球多个主要城市，为客户提供专业的云计算相关服务。
LRN vs RXT — 直观对比
营收规模更大
RXT
是对方的1.1倍
$629.9M
营收增速更快
LRN
高出3.1%
-0.4%
净利率更高
LRN
高出18.8%
-4.8%
两年增速更快
LRN
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $629.9M | $682.8M |
| 净利润 | $88.5M | $-32.7M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 20.5% | -0.5% |
| 净利率 | 14.1% | -4.8% |
| 营收同比 | 2.7% | -0.4% |
| 净利润同比 | 8.5% | 41.6% |
| 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LRNRXT
| Q3 26 | $629.9M | — | ||
| Q4 25 | $631.3M | $682.8M | ||
| Q3 25 | $620.9M | $671.2M | ||
| Q2 25 | $653.6M | $666.3M | ||
| Q1 25 | $613.4M | $665.4M | ||
| Q4 24 | $587.2M | $685.6M | ||
| Q3 24 | $551.1M | $675.8M | ||
| Q2 24 | — | $684.9M |
净利润LRNRXT
| Q3 26 | $88.5M | — | ||
| Q4 25 | $99.5M | $-32.7M | ||
| Q3 25 | $68.8M | $-67.1M | ||
| Q2 25 | $51.3M | $-54.5M | ||
| Q1 25 | $99.3M | $-71.5M | ||
| Q4 24 | $96.4M | $-56.0M | ||
| Q3 24 | $40.9M | $-186.6M | ||
| Q2 24 | — | $25.0M |
毛利率LRNRXT
| Q3 26 | — | — | ||
| Q4 25 | 41.1% | 17.6% | ||
| Q3 25 | 39.0% | 19.4% | ||
| Q2 25 | 36.6% | 19.4% | ||
| Q1 25 | 40.6% | 19.1% | ||
| Q4 24 | 40.8% | 19.2% | ||
| Q3 24 | 39.2% | 20.3% | ||
| Q2 24 | — | 19.2% |
营业利润率LRNRXT
| Q3 26 | 20.5% | — | ||
| Q4 25 | 23.3% | -0.5% | ||
| Q3 25 | 11.1% | -5.1% | ||
| Q2 25 | 8.7% | -3.8% | ||
| Q1 25 | 21.3% | -5.8% | ||
| Q4 24 | 21.3% | -4.2% | ||
| Q3 24 | 8.6% | -25.7% | ||
| Q2 24 | — | -7.9% |
净利率LRNRXT
| Q3 26 | 14.1% | — | ||
| Q4 25 | 15.8% | -4.8% | ||
| Q3 25 | 11.1% | -10.0% | ||
| Q2 25 | 7.9% | -8.2% | ||
| Q1 25 | 16.2% | -10.7% | ||
| Q4 24 | 16.4% | -8.2% | ||
| Q3 24 | 7.4% | -27.6% | ||
| Q2 24 | — | 3.7% |
每股收益（稀释后）LRNRXT
| Q3 26 | $1.93 | — | ||
| Q4 25 | $2.12 | $-0.13 | ||
| Q3 25 | $1.40 | $-0.28 | ||
| Q2 25 | $0.96 | $-0.23 | ||
| Q1 25 | $2.02 | $-0.31 | ||
| Q4 24 | $2.03 | $-0.20 | ||
| Q3 24 | $0.94 | $-0.82 | ||
| Q2 24 | — | $0.11 |
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 | $105.8M |
| 总债务越低越好 | $417.6M | $2.7B |
| 股东权益账面价值 | $1.6B | $-1.2B |
| 总资产 | $2.4B | $2.8B |
| 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LRNRXT
| Q3 26 | $614.0M | — | ||
| Q4 25 | $625.7M | $105.8M | ||
| Q3 25 | $715.1M | $99.5M | ||
| Q2 25 | $985.3M | $103.9M | ||
| Q1 25 | $723.7M | $128.0M | ||
| Q4 24 | $717.5M | $144.0M | ||
| Q3 24 | $522.2M | $157.1M | ||
| Q2 24 | — | $190.2M |
总债务LRNRXT
| Q3 26 | $417.6M | — | ||
| Q4 25 | $417.2M | $2.7B | ||
| Q3 25 | $416.8M | $2.8B | ||
| Q2 25 | $416.3M | $2.8B | ||
| Q1 25 | $415.9M | $2.8B | ||
| Q4 24 | $415.5M | $2.8B | ||
| Q3 24 | $415.1M | $2.8B | ||
| Q2 24 | — | $2.9B |
股东权益LRNRXT
| Q3 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $-1.2B | ||
| Q3 25 | $1.5B | $-1.2B | ||
| Q2 25 | $1.5B | $-1.1B | ||
| Q1 25 | $1.4B | $-1.1B | ||
| Q4 24 | $1.3B | $-1.0B | ||
| Q3 24 | $1.2B | $-949.7M | ||
| Q2 24 | — | $-756.2M |
总资产LRNRXT
| Q3 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.3B | $2.8B | ||
| Q2 25 | $2.3B | $2.9B | ||
| Q1 25 | $2.2B | $3.0B | ||
| Q4 24 | $2.1B | $3.1B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | — | $3.4B |
负债/权益比LRNRXT
| 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 | — | — |
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 | $59.7M |
| 自由现金流经营现金流 - 资本支出 | — | $56.0M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | $90.6M |
8季度趋势，按日历期对齐
经营现金流LRNRXT
| Q3 26 | $117.0M | — | ||
| Q4 25 | $91.8M | $59.7M | ||
| Q3 25 | $-195.8M | $70.7M | ||
| Q2 25 | $298.3M | $8.4M | ||
| Q1 25 | $53.1M | $12.6M | ||
| Q4 24 | $223.4M | $54.3M | ||
| Q3 24 | $-142.0M | $51.8M | ||
| Q2 24 | — | $24.1M |
自由现金流LRNRXT
| Q3 26 | — | — | ||
| Q4 25 | $91.6M | $56.0M | ||
| Q3 25 | $-196.1M | $42.7M | ||
| Q2 25 | $297.9M | $-12.4M | ||
| Q1 25 | $52.9M | $4.3M | ||
| Q4 24 | $222.9M | $34.4M | ||
| Q3 24 | $-142.7M | $27.3M | ||
| Q2 24 | — | $-14.5M |
自由现金流率LRNRXT
| Q3 26 | — | — | ||
| Q4 25 | 14.5% | 8.2% | ||
| Q3 25 | -31.6% | 6.4% | ||
| Q2 25 | 45.6% | -1.9% | ||
| Q1 25 | 8.6% | 0.6% | ||
| Q4 24 | 38.0% | 5.0% | ||
| Q3 24 | -25.9% | 4.0% | ||
| Q2 24 | — | -2.1% |
资本支出强度LRNRXT
| Q3 26 | — | — | ||
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.0% | 4.2% | ||
| Q2 25 | 0.1% | 3.1% | ||
| Q1 25 | 0.0% | 1.2% | ||
| Q4 24 | 0.1% | 2.9% | ||
| Q3 24 | 0.1% | 3.6% | ||
| Q2 24 | — | 5.6% |
现金转化率LRNRXT
| Q3 26 | 1.32× | — | ||
| Q4 25 | 0.92× | — | ||
| Q3 25 | -2.85× | — | ||
| Q2 25 | 5.81× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 2.32× | — | ||
| Q3 24 | -3.47× | — | ||
| Q2 24 | — | 0.96× |
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% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
