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Side-by-side financial comparison of Coursera, Inc. (COUR) and Proto Labs Inc (PRLB). Click either name above to swap in a different company.

Coursera, Inc. is the larger business by last-quarter revenue ($196.9M vs $136.5M, roughly 1.4× Proto Labs Inc). On growth, Proto Labs Inc posted the faster year-over-year revenue change (12.1% vs 9.9%). Proto Labs Inc produced more free cash flow last quarter ($8.4M vs $5.4M). Over the past eight quarters, Coursera, Inc.'s revenue compounded faster (7.9% CAGR vs 3.3%).

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.

Protolabs is a company that provides rapid manufacturing of 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and production. Markets like medical devices, aerospace, electronics, appliances, automotive and consumer products use these parts. Protolabs' headquarters are located in Maple Plain, Minnesota, with Minnesota-based manufacturing facilities in Plymouth, Brooklyn Park, and Rosemount, along with additional facilities in Nashua, New Hampshire and Ca...

COUR vs PRLB — Head-to-Head

Bigger by revenue
COUR
COUR
1.4× larger
COUR
$196.9M
$136.5M
PRLB
Growing faster (revenue YoY)
PRLB
PRLB
+2.2% gap
PRLB
12.1%
9.9%
COUR
More free cash flow
PRLB
PRLB
$3.0M more FCF
PRLB
$8.4M
$5.4M
COUR
Faster 2-yr revenue CAGR
COUR
COUR
Annualised
COUR
7.9%
3.3%
PRLB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COUR
COUR
PRLB
PRLB
Revenue
$196.9M
$136.5M
Net Profit
$-26.8M
Gross Margin
54.2%
44.2%
Operating Margin
-16.4%
5.0%
Net Margin
-13.6%
Revenue YoY
9.9%
12.1%
Net Profit YoY
-24.1%
EPS (diluted)
$-0.16
$0.25

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
PRLB
PRLB
Q4 25
$196.9M
$136.5M
Q3 25
$194.2M
$135.4M
Q2 25
$187.1M
$135.1M
Q1 25
$179.3M
$126.2M
Q4 24
$179.2M
$121.8M
Q3 24
$176.1M
$125.6M
Q2 24
$170.3M
$125.6M
Q1 24
$169.1M
$127.9M
Net Profit
COUR
COUR
PRLB
PRLB
Q4 25
$-26.8M
Q3 25
$-8.6M
$7.2M
Q2 25
$-7.8M
$4.4M
Q1 25
$-7.8M
$3.6M
Q4 24
$-21.6M
Q3 24
$-13.7M
$7.2M
Q2 24
$-22.9M
$4.5M
Q1 24
$-21.3M
$5.3M
Gross Margin
COUR
COUR
PRLB
PRLB
Q4 25
54.2%
44.2%
Q3 25
54.6%
45.3%
Q2 25
54.9%
44.3%
Q1 25
54.6%
44.1%
Q4 24
53.3%
42.7%
Q3 24
54.6%
45.6%
Q2 24
53.0%
45.0%
Q1 24
52.9%
44.9%
Operating Margin
COUR
COUR
PRLB
PRLB
Q4 25
-16.4%
5.0%
Q3 25
-8.0%
6.5%
Q2 25
-8.1%
3.7%
Q1 25
-8.0%
3.6%
Q4 24
-17.0%
-1.2%
Q3 24
-12.3%
6.8%
Q2 24
-18.3%
4.8%
Q1 24
-17.6%
5.3%
Net Margin
COUR
COUR
PRLB
PRLB
Q4 25
-13.6%
Q3 25
-4.4%
5.3%
Q2 25
-4.2%
3.3%
Q1 25
-4.4%
2.9%
Q4 24
-12.1%
Q3 24
-7.8%
5.7%
Q2 24
-13.4%
3.6%
Q1 24
-12.6%
4.1%
EPS (diluted)
COUR
COUR
PRLB
PRLB
Q4 25
$-0.16
$0.25
Q3 25
$-0.05
$0.30
Q2 25
$-0.05
$0.18
Q1 25
$-0.05
$0.15
Q4 24
$-0.13
$-0.01
Q3 24
$-0.09
$0.29
Q2 24
$-0.15
$0.18
Q1 24
$-0.14
$0.20

Balance Sheet & Financial Strength

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

Metric
COUR
COUR
PRLB
PRLB
Cash + ST InvestmentsLiquidity on hand
$792.6M
$128.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$635.7M
$673.9M
Total Assets
$1.0B
$763.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
PRLB
PRLB
Q4 25
$792.6M
$128.1M
Q3 25
$797.7M
$119.2M
Q2 25
$775.1M
$103.2M
Q1 25
$748.0M
$96.8M
Q4 24
$726.1M
$103.1M
Q3 24
$719.4M
$100.5M
Q2 24
$708.8M
$112.9M
Q1 24
$725.4M
$109.7M
Stockholders' Equity
COUR
COUR
PRLB
PRLB
Q4 25
$635.7M
$673.9M
Q3 25
$639.5M
$664.7M
Q2 25
$627.0M
$664.7M
Q1 25
$610.5M
$656.8M
Q4 24
$597.4M
$670.2M
Q3 24
$593.3M
$680.0M
Q2 24
$585.2M
$685.2M
Q1 24
$609.1M
$687.3M
Total Assets
COUR
COUR
PRLB
PRLB
Q4 25
$1.0B
$763.4M
Q3 25
$995.3M
$756.9M
Q2 25
$979.9M
$743.3M
Q1 25
$951.2M
$737.5M
Q4 24
$930.3M
$743.5M
Q3 24
$914.1M
$753.8M
Q2 24
$904.4M
$758.2M
Q1 24
$916.3M
$769.8M

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
PRLB
PRLB
Operating Cash FlowLast quarter
$5.8M
$16.5M
Free Cash FlowOCF − Capex
$5.4M
$8.4M
FCF MarginFCF / Revenue
2.7%
6.2%
Capex IntensityCapex / Revenue
0.2%
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$107.2M
$59.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
PRLB
PRLB
Q4 25
$5.8M
$16.5M
Q3 25
$33.9M
$29.1M
Q2 25
$35.5M
$10.6M
Q1 25
$33.5M
$18.4M
Q4 24
$19.2M
$17.3M
Q3 24
$27.9M
$24.8M
Q2 24
$23.8M
$14.4M
Q1 24
$24.5M
$21.3M
Free Cash Flow
COUR
COUR
PRLB
PRLB
Q4 25
$5.4M
$8.4M
Q3 25
$33.7M
$25.0M
Q2 25
$35.1M
$9.1M
Q1 25
$33.0M
$17.1M
Q4 24
$18.1M
$16.5M
Q3 24
$27.7M
$23.2M
Q2 24
$23.6M
$10.2M
Q1 24
$24.4M
$18.8M
FCF Margin
COUR
COUR
PRLB
PRLB
Q4 25
2.7%
6.2%
Q3 25
17.4%
18.5%
Q2 25
18.8%
6.7%
Q1 25
18.4%
13.6%
Q4 24
10.1%
13.5%
Q3 24
15.7%
18.5%
Q2 24
13.9%
8.2%
Q1 24
14.4%
14.7%
Capex Intensity
COUR
COUR
PRLB
PRLB
Q4 25
0.2%
5.9%
Q3 25
0.1%
3.0%
Q2 25
0.2%
1.1%
Q1 25
0.3%
1.0%
Q4 24
0.6%
0.7%
Q3 24
0.1%
1.2%
Q2 24
0.1%
3.3%
Q1 24
0.1%
2.0%
Cash Conversion
COUR
COUR
PRLB
PRLB
Q4 25
Q3 25
4.03×
Q2 25
2.39×
Q1 25
5.11×
Q4 24
Q3 24
3.44×
Q2 24
3.18×
Q1 24
4.05×

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%

PRLB
PRLB

CNC Machining Firstcut$65.5M48%
Injection Molding Protomold$47.6M35%
Three D Printing Fineline$18.8M14%
Sheet Metal$4.4M3%

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