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学乐集团（SCHL）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
学乐集团的季度营收约是世纪互联的1.5倍（$551.1M vs $362.7M），学乐集团净利率更高（10.1% vs -10.7%，领先20.8%），过去两年学乐集团的营收复合增速更高（30.5% vs 17.4%）
学乐集团是美国跨国出版教育传媒企业，面向学校、教师、家长、儿童及各类教育机构出版发行图书、漫画与各类教育素材。产品通过零售、线上渠道销售，同时还通过校园阅读俱乐部与书展进入校园，大红狗克利福德是集团的官方吉祥物。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
SCHL vs VNET — 直观对比
营收规模更大
SCHL
是对方的1.5倍
$362.7M
净利率更高
SCHL
高出20.8%
-10.7%
两年增速更快
SCHL
近两年复合增速
17.4%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $551.1M | $362.7M |
| 净利润 | $55.9M | $-38.7M |
| 毛利率 | 59.1% | 20.9% |
| 营业利润率 | 15.0% | 0.5% |
| 净利率 | 10.1% | -10.7% |
| 营收同比 | 1.2% | — |
| 净利润同比 | 14.5% | — |
| 每股收益（稀释后） | $2.17 | — |
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SCHLVNET
| Q4 25 | $551.1M | — | ||
| Q3 25 | $225.6M | $362.7M | ||
| Q2 25 | $508.3M | — | ||
| Q1 25 | $335.4M | $309.5M | ||
| Q4 24 | $544.6M | — | ||
| Q3 24 | $237.2M | $302.2M | ||
| Q2 24 | $474.9M | $274.4M | ||
| Q1 24 | $323.7M | $262.9M |
净利润SCHLVNET
| Q4 25 | $55.9M | — | ||
| Q3 25 | $-71.1M | $-38.7M | ||
| Q2 25 | $15.4M | — | ||
| Q1 25 | $-3.6M | $-2.4M | ||
| Q4 24 | $48.8M | — | ||
| Q3 24 | $-62.5M | $-2.1M | ||
| Q2 24 | $35.9M | $-1.1M | ||
| Q1 24 | $-26.5M | $-22.0M |
毛利率SCHLVNET
| Q4 25 | 59.1% | — | ||
| Q3 25 | 45.3% | 20.9% | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 53.9% | 25.2% | ||
| Q4 24 | 58.0% | — | ||
| Q3 24 | 45.9% | 23.2% | ||
| Q2 24 | 59.5% | 21.3% | ||
| Q1 24 | 54.1% | 21.6% |
营业利润率SCHLVNET
| Q4 25 | 15.0% | — | ||
| Q3 25 | -40.9% | 0.5% | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | -7.1% | 0.1% | ||
| Q4 24 | 13.7% | — | ||
| Q3 24 | -37.3% | 24.5% | ||
| Q2 24 | 9.9% | 0.2% | ||
| Q1 24 | -10.8% | 0.2% |
净利率SCHLVNET
| Q4 25 | 10.1% | — | ||
| Q3 25 | -31.5% | -10.7% | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | -1.1% | -0.8% | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | -26.3% | -0.7% | ||
| Q2 24 | 7.6% | -0.4% | ||
| Q1 24 | -8.2% | -8.4% |
每股收益（稀释后）SCHLVNET
| Q4 25 | $2.17 | — | ||
| Q3 25 | $-2.83 | — | ||
| Q2 25 | $0.56 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $1.71 | — | ||
| Q3 24 | $-2.21 | — | ||
| Q2 24 | $1.21 | — | ||
| Q1 24 | $-0.91 | — |
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 | $99.3M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $931.2M | $890.8M |
| 总资产 | $2.0B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资SCHLVNET
| Q4 25 | $99.3M | — | ||
| Q3 25 | $94.3M | $492.1M | ||
| Q2 25 | $124.0M | — | ||
| Q1 25 | $94.7M | $544.3M | ||
| Q4 24 | $139.6M | — | ||
| Q3 24 | $84.1M | $219.5M | ||
| Q2 24 | $113.7M | $247.2M | ||
| Q1 24 | $110.4M | $246.9M |
总债务SCHLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $231.1M | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SCHLVNET
| Q4 25 | $931.2M | — | ||
| Q3 25 | $878.0M | $890.8M | ||
| Q2 25 | $946.5M | — | ||
| Q1 25 | $941.3M | $927.8M | ||
| Q4 24 | $986.0M | — | ||
| Q3 24 | $957.3M | $902.9M | ||
| Q2 24 | $1.0B | $900.6M | ||
| Q1 24 | $997.6M | $895.1M |
总资产SCHLVNET
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $6.1B | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | $5.4B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | $1.7B | $3.9B |
负债/权益比SCHLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.24× | 1.28× | ||
| 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 | $73.2M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 现金转化率经营现金流/净利润 | 1.31× | — |
| 过去12个月自由现金流最近4个季度 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流SCHLVNET
| Q4 25 | $73.2M | — | ||
| Q3 25 | $-81.8M | $113.8M | ||
| Q2 25 | $106.9M | — | ||
| Q1 25 | $-12.0M | $27.0M | ||
| Q4 24 | $71.2M | — | ||
| Q3 24 | $-41.9M | $108.3M | ||
| Q2 24 | $69.9M | $55.8M | ||
| Q1 24 | $13.1M | $37.1M |
自由现金流SCHLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率SCHLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度SCHLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率SCHLVNET
| Q4 25 | 1.31× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.94× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.95× | — | ||
| 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
SCHL
| Book Fairs | $242.0M | 44% |
| Trade US | $102.9M | 19% |
| Major Markets | $78.3M | 14% |
| Education Solutions | $62.2M | 11% |
| Book Clubs | $28.5M | 5% |
| Entertainment International | $13.5M | 2% |
| Other Markets | $11.2M | 2% |
| Trade International | $7.5M | 1% |
| Entertainment U.S. | $1.6M | 0% |
VNET
暂无分部数据
