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Side-by-side financial comparison of Coursera, Inc. (COUR) and Montrose Environmental Group, Inc. (MEG). Click either name above to swap in a different company.

Coursera, Inc. is the larger business by last-quarter revenue ($196.9M vs $193.3M, roughly 1.0× Montrose Environmental Group, Inc.). Montrose Environmental Group, Inc. runs the higher net margin — -4.3% vs -13.6%, a 9.4% gap on every dollar of revenue. On growth, Coursera, Inc. posted the faster year-over-year revenue change (9.9% vs 2.2%). Montrose Environmental Group, Inc. produced more free cash flow last quarter ($46.5M vs $5.4M). Over the past eight quarters, Montrose Environmental Group, Inc.'s revenue compounded faster (11.5% CAGR vs 7.9%).

Coursera Inc. is an American for-profit online university, earlier operating as a global massive open online course provider from 2012 until 2021. It was founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. Coursera works with universities and other organizations to offer online courses, certifications, and degrees in a variety of subjects.

Montrose Environmental Group, Inc. is an American multinational corporation that provides wide-ranging environmental services. The company is vertically integrated across the environmental industry and supports public and private sector clientele. Montrose is headquartered in Little Rock, Arkansas and incorporated in the U.S. state of Delaware.

COUR vs MEG — Head-to-Head

Bigger by revenue
COUR
COUR
1.0× larger
COUR
$196.9M
$193.3M
MEG
Growing faster (revenue YoY)
COUR
COUR
+7.6% gap
COUR
9.9%
2.2%
MEG
Higher net margin
MEG
MEG
9.4% more per $
MEG
-4.3%
-13.6%
COUR
More free cash flow
MEG
MEG
$41.1M more FCF
MEG
$46.5M
$5.4M
COUR
Faster 2-yr revenue CAGR
MEG
MEG
Annualised
MEG
11.5%
7.9%
COUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COUR
COUR
MEG
MEG
Revenue
$196.9M
$193.3M
Net Profit
$-26.8M
$-8.2M
Gross Margin
54.2%
38.6%
Operating Margin
-16.4%
-1.3%
Net Margin
-13.6%
-4.3%
Revenue YoY
9.9%
2.2%
Net Profit YoY
-24.1%
70.9%
EPS (diluted)
$-0.16
$-0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COUR
COUR
MEG
MEG
Q4 25
$196.9M
$193.3M
Q3 25
$194.2M
$224.9M
Q2 25
$187.1M
$234.5M
Q1 25
$179.3M
$177.8M
Q4 24
$179.2M
$189.1M
Q3 24
$176.1M
$178.7M
Q2 24
$170.3M
$173.3M
Q1 24
$169.1M
$155.3M
Net Profit
COUR
COUR
MEG
MEG
Q4 25
$-26.8M
$-8.2M
Q3 25
$-8.6M
$8.4M
Q2 25
$-7.8M
$18.4M
Q1 25
$-7.8M
$-19.4M
Q4 24
$-21.6M
$-28.2M
Q3 24
$-13.7M
$-10.6M
Q2 24
$-22.9M
$-10.2M
Q1 24
$-21.3M
$-13.4M
Gross Margin
COUR
COUR
MEG
MEG
Q4 25
54.2%
38.6%
Q3 25
54.6%
39.4%
Q2 25
54.9%
43.4%
Q1 25
54.6%
39.0%
Q4 24
53.3%
40.8%
Q3 24
54.6%
40.9%
Q2 24
53.0%
39.9%
Q1 24
52.9%
37.8%
Operating Margin
COUR
COUR
MEG
MEG
Q4 25
-16.4%
-1.3%
Q3 25
-8.0%
4.4%
Q2 25
-8.1%
6.4%
Q1 25
-8.0%
-5.9%
Q4 24
-17.0%
-12.1%
Q3 24
-12.3%
-0.6%
Q2 24
-18.3%
-1.5%
Q1 24
-17.6%
-6.5%
Net Margin
COUR
COUR
MEG
MEG
Q4 25
-13.6%
-4.3%
Q3 25
-4.4%
3.7%
Q2 25
-4.2%
7.8%
Q1 25
-4.4%
-10.9%
Q4 24
-12.1%
-14.9%
Q3 24
-7.8%
-5.9%
Q2 24
-13.4%
-5.9%
Q1 24
-12.6%
-8.6%
EPS (diluted)
COUR
COUR
MEG
MEG
Q4 25
$-0.16
$-0.13
Q3 25
$-0.05
$0.21
Q2 25
$-0.05
$0.42
Q1 25
$-0.05
$-0.64
Q4 24
$-0.13
$-0.91
Q3 24
$-0.09
$-0.39
Q2 24
$-0.15
$-0.39
Q1 24
$-0.14
$-0.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COUR
COUR
MEG
MEG
Cash + ST InvestmentsLiquidity on hand
$792.6M
$11.2M
Total DebtLower is stronger
$277.1M
Stockholders' EquityBook value
$635.7M
$451.2M
Total Assets
$1.0B
$981.3M
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
MEG
MEG
Q4 25
$792.6M
$11.2M
Q3 25
$797.7M
$6.7M
Q2 25
$775.1M
$10.5M
Q1 25
$748.0M
$30.3M
Q4 24
$726.1M
$12.9M
Q3 24
$719.4M
$13.0M
Q2 24
$708.8M
$16.9M
Q1 24
$725.4M
$9.5M
Total Debt
COUR
COUR
MEG
MEG
Q4 25
$277.1M
Q3 25
$302.4M
Q2 25
$264.6M
Q1 25
$235.6M
Q4 24
$204.8M
Q3 24
$233.0M
Q2 24
$188.7M
Q1 24
$280.9M
Stockholders' Equity
COUR
COUR
MEG
MEG
Q4 25
$635.7M
$451.2M
Q3 25
$639.5M
$458.7M
Q2 25
$627.0M
$470.3M
Q1 25
$610.5M
$444.1M
Q4 24
$597.4M
$446.3M
Q3 24
$593.3M
$449.2M
Q2 24
$585.2M
$448.8M
Q1 24
$609.1M
$324.5M
Total Assets
COUR
COUR
MEG
MEG
Q4 25
$1.0B
$981.3M
Q3 25
$995.3M
$985.7M
Q2 25
$979.9M
$998.1M
Q1 25
$951.2M
$992.2M
Q4 24
$930.3M
$990.4M
Q3 24
$914.1M
$1.0B
Q2 24
$904.4M
$943.9M
Q1 24
$916.3M
$918.1M
Debt / Equity
COUR
COUR
MEG
MEG
Q4 25
0.61×
Q3 25
0.66×
Q2 25
0.56×
Q1 25
0.53×
Q4 24
0.46×
Q3 24
0.52×
Q2 24
0.42×
Q1 24
0.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COUR
COUR
MEG
MEG
Operating Cash FlowLast quarter
$5.8M
$51.9M
Free Cash FlowOCF − Capex
$5.4M
$46.5M
FCF MarginFCF / Revenue
2.7%
24.1%
Capex IntensityCapex / Revenue
0.2%
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$107.2M
$91.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
MEG
MEG
Q4 25
$5.8M
$51.9M
Q3 25
$33.9M
$28.1M
Q2 25
$35.5M
$21.9M
Q1 25
$33.5M
$5.5M
Q4 24
$19.2M
$32.0M
Q3 24
$27.9M
$11.4M
Q2 24
$23.8M
$894.0K
Q1 24
$24.5M
$-22.0M
Free Cash Flow
COUR
COUR
MEG
MEG
Q4 25
$5.4M
$46.5M
Q3 25
$33.7M
$22.3M
Q2 25
$35.1M
$19.9M
Q1 25
$33.0M
$2.4M
Q4 24
$18.1M
$29.7M
Q3 24
$27.7M
$10.2M
Q2 24
$23.6M
$-9.8M
Q1 24
$24.4M
$-29.3M
FCF Margin
COUR
COUR
MEG
MEG
Q4 25
2.7%
24.1%
Q3 25
17.4%
9.9%
Q2 25
18.8%
8.5%
Q1 25
18.4%
1.3%
Q4 24
10.1%
15.7%
Q3 24
15.7%
5.7%
Q2 24
13.9%
-5.6%
Q1 24
14.4%
-18.9%
Capex Intensity
COUR
COUR
MEG
MEG
Q4 25
0.2%
2.8%
Q3 25
0.1%
2.6%
Q2 25
0.2%
0.8%
Q1 25
0.3%
1.8%
Q4 24
0.6%
1.2%
Q3 24
0.1%
0.6%
Q2 24
0.1%
6.1%
Q1 24
0.1%
4.7%
Cash Conversion
COUR
COUR
MEG
MEG
Q4 25
Q3 25
3.36×
Q2 25
1.19×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COUR
COUR

Consumer Segment$131.5M67%
Enterprise Segment$65.4M33%

MEG
MEG

Segment breakdown not available.

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