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Stride, Inc.（LRN）与UNIVERSAL TECHNICAL INSTITUTE INC（UTI）财务数据对比。点击上方公司名可切换其他公司
Stride, Inc.的季度营收约是UNIVERSAL TECHNICAL INSTITUTE INC的2.9倍（$631.3M vs $220.8M）。Stride, Inc.净利率更高（15.8% vs 5.8%，领先10.0%）。UNIVERSAL TECHNICAL INSTITUTE INC同比增速更快（9.6% vs 7.5%）。Stride, Inc.自由现金流更多（$91.6M vs $-19.2M）。过去两年Stride, Inc.的营收复合增速更高（10.1% vs 9.5%）
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。
环球技术学院（UTI）是美国的营利性私立技术院校集团，1965年由罗伯特·斯威特创立，专注于提供职业技术类教育课程，培养符合产业需求的技能型人才，在美职业教育领域拥有较长的运营历史与行业经验。
LRN vs UTI — 直观对比
营收规模更大
LRN
是对方的2.9倍
$220.8M
营收增速更快
UTI
高出2.1%
7.5%
净利率更高
LRN
高出10.0%
5.8%
自由现金流更多
LRN
多$110.7M
$-19.2M
两年增速更快
LRN
近两年复合增速
9.5%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $631.3M | $220.8M |
| 净利润 | $99.5M | $12.8M |
| 毛利率 | 41.1% | — |
| 营业利润率 | 23.3% | 7.1% |
| 净利率 | 15.8% | 5.8% |
| 营收同比 | 7.5% | 9.6% |
| 净利润同比 | 3.2% | -42.1% |
| 每股收益（稀释后） | $2.12 | $0.23 |
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LRNUTI
| Q4 25 | $631.3M | $220.8M | ||
| Q3 25 | $620.9M | $222.4M | ||
| Q2 25 | $653.6M | $204.3M | ||
| Q1 25 | $613.4M | $207.4M | ||
| Q4 24 | $587.2M | $201.4M | ||
| Q3 24 | $551.1M | $196.4M | ||
| Q2 24 | $534.2M | $177.5M | ||
| Q1 24 | $520.8M | $184.2M |
净利润LRNUTI
| Q4 25 | $99.5M | $12.8M | ||
| Q3 25 | $68.8M | $18.8M | ||
| Q2 25 | $51.3M | $10.7M | ||
| Q1 25 | $99.3M | $11.4M | ||
| Q4 24 | $96.4M | $22.2M | ||
| Q3 24 | $40.9M | $18.8M | ||
| Q2 24 | $62.8M | $5.0M | ||
| Q1 24 | $69.7M | $7.8M |
毛利率LRNUTI
| Q4 25 | 41.1% | — | ||
| Q3 25 | 39.0% | — | ||
| Q2 25 | 36.6% | — | ||
| Q1 25 | 40.6% | — | ||
| Q4 24 | 40.8% | — | ||
| Q3 24 | 39.2% | — | ||
| Q2 24 | 35.2% | — | ||
| Q1 24 | 38.7% | — |
营业利润率LRNUTI
| Q4 25 | 23.3% | 7.1% | ||
| Q3 25 | 11.1% | 11.2% | ||
| Q2 25 | 8.7% | 6.9% | ||
| Q1 25 | 21.3% | 8.1% | ||
| Q4 24 | 21.3% | 13.6% | ||
| Q3 24 | 8.6% | 13.3% | ||
| Q2 24 | 13.8% | 4.2% | ||
| Q1 24 | 17.0% | 6.1% |
净利率LRNUTI
| Q4 25 | 15.8% | 5.8% | ||
| Q3 25 | 11.1% | 8.4% | ||
| Q2 25 | 7.9% | 5.2% | ||
| Q1 25 | 16.2% | 5.5% | ||
| Q4 24 | 16.4% | 11.0% | ||
| Q3 24 | 7.4% | 9.6% | ||
| Q2 24 | 11.8% | 2.8% | ||
| Q1 24 | 13.4% | 4.2% |
每股收益（稀释后）LRNUTI
| Q4 25 | $2.12 | $0.23 | ||
| Q3 25 | $1.40 | $0.33 | ||
| Q2 25 | $0.96 | $0.19 | ||
| Q1 25 | $2.02 | $0.21 | ||
| Q4 24 | $2.03 | $0.40 | ||
| Q3 24 | $0.94 | $0.35 | ||
| Q2 24 | $1.44 | $0.09 | ||
| Q1 24 | $1.60 | $0.14 |
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 | $625.7M | $162.8M |
| 总债务越低越好 | $417.2M | $101.4M |
| 股东权益账面价值 | $1.5B | $335.9M |
| 总资产 | $2.3B | $834.0M |
| 负债/权益比越低杠杆越低 | 0.27× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资LRNUTI
| Q4 25 | $625.7M | $162.8M | ||
| Q3 25 | $715.1M | $169.1M | ||
| Q2 25 | $985.3M | $70.7M | ||
| Q1 25 | $723.7M | $96.0M | ||
| Q4 24 | $717.5M | $172.0M | ||
| Q3 24 | $522.2M | $161.9M | ||
| Q2 24 | $692.3M | $115.5M | ||
| Q1 24 | $376.6M | $116.1M |
总债务LRNUTI
| Q4 25 | $417.2M | $101.4M | ||
| Q3 25 | $416.8M | $87.1M | ||
| Q2 25 | $416.3M | $73.8M | ||
| Q1 25 | $415.9M | $94.4M | ||
| Q4 24 | $415.5M | $120.1M | ||
| Q3 24 | $415.1M | $125.7M | ||
| Q2 24 | $414.7M | $137.3M | ||
| Q1 24 | $414.3M | $141.9M |
股东权益LRNUTI
| Q4 25 | $1.5B | $335.9M | ||
| Q3 25 | $1.5B | $328.1M | ||
| Q2 25 | $1.5B | $306.8M | ||
| Q1 25 | $1.4B | $293.9M | ||
| Q4 24 | $1.3B | $280.0M | ||
| Q3 24 | $1.2B | $260.2M | ||
| Q2 24 | $1.2B | $239.4M | ||
| Q1 24 | $1.1B | $232.6M |
总资产LRNUTI
| Q4 25 | $2.3B | $834.0M | ||
| Q3 25 | $2.3B | $826.1M | ||
| Q2 25 | $2.3B | $740.8M | ||
| Q1 25 | $2.2B | $720.4M | ||
| Q4 24 | $2.1B | $753.8M | ||
| Q3 24 | $2.0B | $744.6M | ||
| Q2 24 | $1.9B | $706.0M | ||
| Q1 24 | $1.9B | $702.1M |
负债/权益比LRNUTI
| Q4 25 | 0.27× | 0.30× | ||
| Q3 25 | 0.27× | 0.27× | ||
| Q2 25 | 0.28× | 0.24× | ||
| Q1 25 | 0.29× | 0.32× | ||
| Q4 24 | 0.32× | 0.43× | ||
| Q3 24 | 0.34× | 0.48× | ||
| Q2 24 | 0.35× | 0.57× | ||
| Q1 24 | 0.38× | 0.61× |
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 | $91.8M | $3.1M |
| 自由现金流经营现金流 - 资本支出 | $91.6M | $-19.2M |
| 自由现金流率自由现金流/营收 | 14.5% | -8.7% |
| 资本支出强度资本支出/营收 | 0.0% | 10.1% |
| 现金转化率经营现金流/净利润 | 0.92× | 0.24× |
| 过去12个月自由现金流最近4个季度 | $246.3M | $16.6M |
8季度趋势，按日历期对齐
经营现金流LRNUTI
| Q4 25 | $91.8M | $3.1M | ||
| Q3 25 | $-195.8M | $57.1M | ||
| Q2 25 | $298.3M | $18.1M | ||
| Q1 25 | $53.1M | $-789.0K | ||
| Q4 24 | $223.4M | $23.0M | ||
| Q3 24 | $-142.0M | $67.5M | ||
| Q2 24 | $172.2M | $10.0M | ||
| Q1 24 | $68.6M | $-2.5M |
自由现金流LRNUTI
| Q4 25 | $91.6M | $-19.2M | ||
| Q3 25 | $-196.1M | $40.6M | ||
| Q2 25 | $297.9M | $6.8M | ||
| Q1 25 | $52.9M | $-11.7M | ||
| Q4 24 | $222.9M | $19.6M | ||
| Q3 24 | $-142.7M | $60.0M | ||
| Q2 24 | $171.4M | $3.0M | ||
| Q1 24 | $68.4M | $-8.4M |
自由现金流率LRNUTI
| Q4 25 | 14.5% | -8.7% | ||
| Q3 25 | -31.6% | 18.3% | ||
| Q2 25 | 45.6% | 3.4% | ||
| Q1 25 | 8.6% | -5.7% | ||
| Q4 24 | 38.0% | 9.7% | ||
| Q3 24 | -25.9% | 30.6% | ||
| Q2 24 | 32.1% | 1.7% | ||
| Q1 24 | 13.1% | -4.6% |
资本支出强度LRNUTI
| Q4 25 | 0.0% | 10.1% | ||
| Q3 25 | 0.0% | 7.4% | ||
| Q2 25 | 0.1% | 5.5% | ||
| Q1 25 | 0.0% | 5.3% | ||
| Q4 24 | 0.1% | 1.7% | ||
| Q3 24 | 0.1% | 3.8% | ||
| Q2 24 | 0.1% | 4.0% | ||
| Q1 24 | 0.0% | 3.2% |
现金转化率LRNUTI
| Q4 25 | 0.92× | 0.24× | ||
| Q3 25 | -2.85× | 3.04× | ||
| Q2 25 | 5.81× | 1.69× | ||
| Q1 25 | 0.53× | -0.07× | ||
| Q4 24 | 2.32× | 1.04× | ||
| Q3 24 | -3.47× | 3.58× | ||
| Q2 24 | 2.74× | 2.01× | ||
| Q1 24 | 0.98× | -0.32× |
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 | $341.4M | 54% |
| Middle High School | $275.6M | 44% |
| Adult | $14.3M | 2% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
