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麦格劳希尔（MH）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
麦格劳希尔的季度营收约是Walker & Dunlop, Inc.的1.3倍（$434.2M vs $340.0M），麦格劳希尔净利率更高（-4.7% vs -12.9%，领先8.3%），Walker & Dunlop, Inc.同比增速更快（-0.4% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $-680.1M）
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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
MH vs WD — 直观对比
营收规模更大
MH
是对方的1.3倍
$340.0M
营收增速更快
WD
高出34.7%
-35.1%
净利率更高
MH
高出8.3%
-12.9%
自由现金流更多
MH
多$965.5M
$-680.1M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $434.2M | $340.0M |
| 净利润 | $-20.2M | $-13.9M |
| 毛利率 | 85.3% | — |
| 营业利润率 | 7.0% | -17.2% |
| 净利率 | -4.7% | -12.9% |
| 营收同比 | -35.1% | -0.4% |
| 净利润同比 | -119.2% | -131.0% |
| 每股收益（稀释后） | $-0.11 | $-0.41 |
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MHWD
| Q4 25 | $434.2M | $340.0M | ||
| Q3 25 | $669.2M | $337.7M | ||
| Q2 25 | $535.7M | $319.2M | ||
| Q1 25 | — | $237.4M | ||
| Q4 24 | — | $341.5M | ||
| Q3 24 | — | $292.3M | ||
| Q2 24 | — | $270.7M | ||
| Q1 24 | — | $228.1M |
净利润MHWD
| Q4 25 | $-20.2M | $-13.9M | ||
| Q3 25 | $105.3M | $33.5M | ||
| Q2 25 | $502.0K | $34.0M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $28.8M | ||
| Q2 24 | — | $22.7M | ||
| Q1 24 | — | $11.9M |
毛利率MHWD
| Q4 25 | 85.3% | — | ||
| Q3 25 | 79.2% | — | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率MHWD
| Q4 25 | 7.0% | -17.2% | ||
| Q3 25 | 23.4% | 13.6% | ||
| Q2 25 | 18.0% | 14.5% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 12.8% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 6.0% |
净利率MHWD
| Q4 25 | -4.7% | -12.9% | ||
| Q3 25 | 15.7% | 9.9% | ||
| Q2 25 | 0.1% | 10.6% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 5.2% |
每股收益（稀释后）MHWD
| Q4 25 | $-0.11 | $-0.41 | ||
| Q3 25 | $0.57 | $0.98 | ||
| Q2 25 | $0.00 | $0.99 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $1.32 | ||
| Q3 24 | — | $0.85 | ||
| Q2 24 | — | $0.67 | ||
| Q1 24 | — | $0.35 |
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 | $299.3M |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $775.3M | $1.7B |
| 总资产 | $5.6B | $5.1B |
| 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MHWD
| Q4 25 | $514.4M | $299.3M | ||
| Q3 25 | $463.2M | $274.8M | ||
| Q2 25 | $247.3M | $233.7M | ||
| Q1 25 | — | $181.0M | ||
| Q4 24 | — | $279.3M | ||
| Q3 24 | — | $179.8M | ||
| Q2 24 | — | $208.1M | ||
| Q1 24 | — | $216.5M |
总债务MHWD
| 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MHWD
| Q4 25 | $775.3M | $1.7B | ||
| Q3 25 | $794.6M | $1.8B | ||
| Q2 25 | $283.3M | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
总资产MHWD
| Q4 25 | $5.6B | $5.1B | ||
| Q3 25 | $6.0B | $5.8B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $3.8B |
负债/权益比MHWD
| 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 | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $285.4M | $-680.1M |
| 自由现金流率自由现金流/营收 | 65.7% | -200.0% |
| 资本支出强度资本支出/营收 | 5.4% | 4.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.2B |
8季度趋势，按日历期对齐
经营现金流MHWD
| Q4 25 | $309.0M | $-664.3M | ||
| Q3 25 | $265.0M | $-948.1M | ||
| Q2 25 | $-96.7M | $-238.5M | ||
| Q1 25 | — | $-281.1M | ||
| Q4 24 | — | $129.4M | ||
| Q3 24 | — | $-202.0M | ||
| Q2 24 | — | $-237.8M | ||
| Q1 24 | — | $38.4M |
自由现金流MHWD
| Q4 25 | $285.4M | $-680.1M | ||
| Q3 25 | $243.8M | $-950.4M | ||
| Q2 25 | $-112.9M | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
自由现金流率MHWD
| Q4 25 | 65.7% | -200.0% | ||
| Q3 25 | 36.4% | -281.5% | ||
| Q2 25 | -21.1% | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
资本支出强度MHWD
| Q4 25 | 5.4% | 4.6% | ||
| Q3 25 | 3.2% | 0.7% | ||
| Q2 25 | 3.0% | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率MHWD
| Q4 25 | — | — | ||
| Q3 25 | 2.52× | -28.34× | ||
| Q2 25 | -192.53× | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | — | 3.24× |
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% |
WD
暂无分部数据
