vs
麦格劳希尔（MH）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是麦格劳希尔的1.7倍（$725.6M vs $434.2M），Reddit, Inc.净利率更高（34.7% vs -4.7%，领先39.3%），Reddit, Inc.同比增速更快（69.7% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $263.6M）
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
MH vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.7倍
$434.2M
营收增速更快
RDDT
高出104.8%
-35.1%
净利率更高
RDDT
高出39.3%
-4.7%
自由现金流更多
MH
多$21.8M
$263.6M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $434.2M | $725.6M |
| 净利润 | $-20.2M | $251.6M |
| 毛利率 | 85.3% | 91.9% |
| 营业利润率 | 7.0% | 31.9% |
| 净利率 | -4.7% | 34.7% |
| 营收同比 | -35.1% | 69.7% |
| 净利润同比 | -119.2% | 254.2% |
| 每股收益（稀释后） | $-0.11 | $1.24 |
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MHRDDT
| Q4 25 | $434.2M | $725.6M | ||
| Q3 25 | $669.2M | $584.9M | ||
| Q2 25 | $535.7M | $499.6M | ||
| Q1 25 | — | $392.4M | ||
| Q4 24 | — | $427.7M | ||
| Q3 24 | — | $348.4M | ||
| Q2 24 | — | $281.2M | ||
| Q1 24 | — | $243.0M |
净利润MHRDDT
| Q4 25 | $-20.2M | $251.6M | ||
| Q3 25 | $105.3M | $162.7M | ||
| Q2 25 | $502.0K | $89.3M | ||
| Q1 25 | — | $26.2M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | — | $29.9M | ||
| Q2 24 | — | $-10.1M | ||
| Q1 24 | — | $-575.1M |
毛利率MHRDDT
| Q4 25 | 85.3% | 91.9% | ||
| Q3 25 | 79.2% | 91.0% | ||
| Q2 25 | 77.0% | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率MHRDDT
| Q4 25 | 7.0% | 31.9% | ||
| Q3 25 | 23.4% | 23.7% | ||
| Q2 25 | 18.0% | 13.6% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | -11.0% | ||
| Q1 24 | — | -242.5% |
净利率MHRDDT
| Q4 25 | -4.7% | 34.7% | ||
| Q3 25 | 15.7% | 27.8% | ||
| Q2 25 | 0.1% | 17.9% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | -3.6% | ||
| Q1 24 | — | -236.7% |
每股收益（稀释后）MHRDDT
| Q4 25 | $-0.11 | $1.24 | ||
| Q3 25 | $0.57 | $0.80 | ||
| Q2 25 | $0.00 | $0.45 | ||
| Q1 25 | — | $0.13 | ||
| Q4 24 | — | $4.76 | ||
| Q3 24 | — | $0.16 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-8.19 |
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 | $514.4M | $953.6M |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $775.3M | $2.9B |
| 总资产 | $5.6B | $3.2B |
| 负债/权益比越低杠杆越低 | 3.36× | — |
8季度趋势，按日历期对齐
现金及短期投资MHRDDT
| Q4 25 | $514.4M | $953.6M | ||
| Q3 25 | $463.2M | $911.7M | ||
| Q2 25 | $247.3M | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | — | $515.9M | ||
| Q2 24 | — | $468.0M | ||
| Q1 24 | — | $968.5M |
总债务MHRDDT
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MHRDDT
| Q4 25 | $775.3M | $2.9B | ||
| Q3 25 | $794.6M | $2.6B | ||
| Q2 25 | $283.3M | $2.4B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.8B |
总资产MHRDDT
| Q4 25 | $5.6B | $3.2B | ||
| Q3 25 | $6.0B | $2.9B | ||
| Q2 25 | $5.7B | $2.6B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.0B |
负债/权益比MHRDDT
| Q4 25 | 3.36× | — | ||
| Q3 25 | 3.52× | — | ||
| Q2 25 | 11.17× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $309.0M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $285.4M | $263.6M |
| 自由现金流率自由现金流/营收 | 65.7% | 36.3% |
| 资本支出强度资本支出/营收 | 5.4% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $684.2M |
8季度趋势，按日历期对齐
经营现金流MHRDDT
| Q4 25 | $309.0M | $266.8M | ||
| Q3 25 | $265.0M | $185.2M | ||
| Q2 25 | $-96.7M | $111.3M | ||
| Q1 25 | — | $127.6M | ||
| Q4 24 | — | $90.0M | ||
| Q3 24 | — | $71.6M | ||
| Q2 24 | — | $28.4M | ||
| Q1 24 | — | $32.1M |
自由现金流MHRDDT
| Q4 25 | $285.4M | $263.6M | ||
| Q3 25 | $243.8M | $183.1M | ||
| Q2 25 | $-112.9M | $110.8M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | — | $70.3M | ||
| Q2 24 | — | $27.2M | ||
| Q1 24 | — | $29.2M |
自由现金流率MHRDDT
| Q4 25 | 65.7% | 36.3% | ||
| Q3 25 | 36.4% | 31.3% | ||
| Q2 25 | -21.1% | 22.2% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 12.0% |
资本支出强度MHRDDT
| Q4 25 | 5.4% | 0.4% | ||
| Q3 25 | 3.2% | 0.4% | ||
| Q2 25 | 3.0% | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 1.2% |
现金转化率MHRDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | 2.52× | 1.14× | ||
| Q2 25 | -192.53× | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 24 | — | — | ||
| Q1 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
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
