vs
Strategic Education, Inc.（STRA）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
世纪互联的季度营收约是Strategic Education, Inc.的1.2倍（$362.7M vs $305.9M），Strategic Education, Inc.净利率更高（10.7% vs -10.7%，领先21.4%），Strategic Education, Inc.自由现金流更多（$77.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -1.0%）
Strategic Education, Inc.（简称SEI）是一家教育服务控股企业，前身为斯特雷尔教育公司。旗下拥有营利性在线院校卡佩拉大学、斯特雷尔大学，还运营着DevMountain、Hackbright学院、Sophia Learning等提供非学位课程的教育机构。
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。
STRA vs VNET — 直观对比
营收规模更大
VNET
是对方的1.2倍
$305.9M
净利率更高
STRA
高出21.4%
-10.7%
自由现金流更多
STRA
多$270.4M
$-193.1M
两年增速更快
VNET
近两年复合增速
-1.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $305.9M | $362.7M |
| 净利润 | $32.8M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 13.4% | 0.5% |
| 净利率 | 10.7% | -10.7% |
| 营收同比 | 0.8% | — |
| 净利润同比 | 10.3% | — |
| 每股收益（稀释后） | $1.48 | — |
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STRAVNET
| Q1 26 | $305.9M | — | ||
| Q4 25 | $323.2M | — | ||
| Q3 25 | $319.9M | $362.7M | ||
| Q2 25 | $321.5M | — | ||
| Q1 25 | $303.6M | $309.5M | ||
| Q4 24 | $311.5M | — | ||
| Q3 24 | $306.0M | $302.2M | ||
| Q2 24 | $312.3M | $274.4M |
净利润STRAVNET
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | — | ||
| Q3 25 | $26.6M | $-38.7M | ||
| Q2 25 | $32.3M | — | ||
| Q1 25 | $29.7M | $-2.4M | ||
| Q4 24 | $25.3M | — | ||
| Q3 24 | $27.7M | $-2.1M | ||
| Q2 24 | $29.9M | $-1.1M |
毛利率STRAVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率STRAVNET
| Q1 26 | 13.4% | — | ||
| Q4 25 | 16.0% | — | ||
| Q3 25 | 11.6% | 0.5% | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 13.1% | 0.1% | ||
| Q4 24 | 11.6% | — | ||
| Q3 24 | 11.9% | 24.5% | ||
| Q2 24 | 13.4% | 0.2% |
净利率STRAVNET
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 8.3% | -10.7% | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 9.8% | -0.8% | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 9.1% | -0.7% | ||
| Q2 24 | 9.6% | -0.4% |
每股收益（稀释后）STRAVNET
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | — | ||
| Q3 25 | $1.15 | — | ||
| Q2 25 | $1.37 | — | ||
| Q1 25 | $1.24 | — | ||
| Q4 24 | $1.05 | — | ||
| Q3 24 | $1.15 | — | ||
| Q2 24 | $1.24 | — |
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 | $150.3M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $890.8M |
| 总资产 | $2.1B | $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STRAVNET
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | — | ||
| Q3 25 | $172.6M | $492.1M | ||
| Q2 25 | $164.9M | — | ||
| Q1 25 | $182.6M | $544.3M | ||
| Q4 24 | $184.0M | — | ||
| Q3 24 | $222.1M | $219.5M | ||
| Q2 24 | $256.2M | $247.2M |
总债务STRAVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益STRAVNET
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.7B | $890.8M | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | $927.8M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $902.9M | ||
| Q2 24 | $1.7B | $900.6M |
总资产STRAVNET
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | $5.4B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $2.2B | $4.0B |
负债/权益比STRAVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| 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 | $87.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $77.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | 25.3% | -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 | 2.66× | — |
| 过去12个月自由现金流最近4个季度 | $173.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流STRAVNET
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | — | ||
| Q3 25 | $60.1M | $113.8M | ||
| Q2 25 | $31.2M | — | ||
| Q1 25 | $67.7M | $27.0M | ||
| Q4 24 | $15.9M | — | ||
| Q3 24 | $51.5M | $108.3M | ||
| Q2 24 | $24.3M | $55.8M |
自由现金流STRAVNET
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | — | ||
| Q3 25 | $49.3M | $-193.1M | ||
| Q2 25 | $20.4M | — | ||
| Q1 25 | $57.3M | $-220.0M | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $42.1M | $-95.0M | ||
| Q2 24 | $13.6M | $-81.6M |
自由现金流率STRAVNET
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | — | ||
| Q3 25 | 15.4% | -53.2% | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 18.9% | -71.1% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 13.8% | -31.4% | ||
| Q2 24 | 4.3% | -29.8% |
资本支出强度STRAVNET
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 3.4% | 84.6% | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 3.4% | 79.8% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 3.1% | 67.3% | ||
| Q2 24 | 3.4% | 50.1% |
现金转化率STRAVNET
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 2.26× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 0.81× | — |
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
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
VNET
暂无分部数据
