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Side-by-side financial comparison of Coursera, Inc. (COUR) and Summit Midstream Corp (SMC). Click either name above to swap in a different company.

Coursera, Inc. is the larger business by last-quarter revenue ($196.9M vs $142.3M, roughly 1.4× Summit Midstream Corp). Summit Midstream Corp runs the higher net margin — -5.1% vs -13.6%, a 8.5% gap on every dollar of revenue. Summit Midstream Corp produced more free cash flow last quarter ($34.5M vs $5.4M).

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.

Summit Midstream Corp is a North American midstream energy firm serving upstream oil and gas producers. It runs natural gas and crude gathering pipelines, compression facilities, and produced water handling services, with assets across key US onshore resource basins.

COUR vs SMC — Head-to-Head

Bigger by revenue
COUR
COUR
1.4× larger
COUR
$196.9M
$142.3M
SMC
Higher net margin
SMC
SMC
8.5% more per $
SMC
-5.1%
-13.6%
COUR
More free cash flow
SMC
SMC
$29.1M more FCF
SMC
$34.5M
$5.4M
COUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COUR
COUR
SMC
SMC
Revenue
$196.9M
$142.3M
Net Profit
$-26.8M
$-7.3M
Gross Margin
54.2%
72.1%
Operating Margin
-16.4%
-5.5%
Net Margin
-13.6%
-5.1%
Revenue YoY
9.9%
Net Profit YoY
-24.1%
EPS (diluted)
$-0.16
$-0.66

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
SMC
SMC
Q4 25
$196.9M
$142.3M
Q3 25
$194.2M
$146.9M
Q2 25
$187.1M
$140.2M
Q1 25
$179.3M
$132.7M
Q4 24
$179.2M
Q3 24
$176.1M
$102.4M
Q2 24
$170.3M
Q1 24
$169.1M
Net Profit
COUR
COUR
SMC
SMC
Q4 25
$-26.8M
$-7.3M
Q3 25
$-8.6M
$-1.6M
Q2 25
$-7.8M
$-8.0M
Q1 25
$-7.8M
$2.0M
Q4 24
$-21.6M
Q3 24
$-13.7M
$-204.9M
Q2 24
$-22.9M
Q1 24
$-21.3M
Gross Margin
COUR
COUR
SMC
SMC
Q4 25
54.2%
72.1%
Q3 25
54.6%
74.0%
Q2 25
54.9%
74.4%
Q1 25
54.6%
73.3%
Q4 24
53.3%
Q3 24
54.6%
72.4%
Q2 24
53.0%
Q1 24
52.9%
Operating Margin
COUR
COUR
SMC
SMC
Q4 25
-16.4%
-5.5%
Q3 25
-8.0%
3.8%
Q2 25
-8.1%
-3.6%
Q1 25
-8.0%
3.7%
Q4 24
-17.0%
Q3 24
-12.3%
-53.7%
Q2 24
-18.3%
Q1 24
-17.6%
Net Margin
COUR
COUR
SMC
SMC
Q4 25
-13.6%
-5.1%
Q3 25
-4.4%
-1.1%
Q2 25
-4.2%
-5.7%
Q1 25
-4.4%
1.5%
Q4 24
-12.1%
Q3 24
-7.8%
-200.1%
Q2 24
-13.4%
Q1 24
-12.6%
EPS (diluted)
COUR
COUR
SMC
SMC
Q4 25
$-0.16
$-0.66
Q3 25
$-0.05
$-0.13
Q2 25
$-0.05
$-0.66
Q1 25
$-0.05
$-0.16
Q4 24
$-0.13
Q3 24
$-0.09
$-19.25
Q2 24
$-0.15
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
COUR
COUR
SMC
SMC
Cash + ST InvestmentsLiquidity on hand
$792.6M
$9.3M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$635.7M
$546.2M
Total Assets
$1.0B
$2.4B
Debt / EquityLower = less leverage
1.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
SMC
SMC
Q4 25
$792.6M
$9.3M
Q3 25
$797.7M
$24.6M
Q2 25
$775.1M
$20.9M
Q1 25
$748.0M
$26.2M
Q4 24
$726.1M
Q3 24
$719.4M
$17.8M
Q2 24
$708.8M
Q1 24
$725.4M
Total Debt
COUR
COUR
SMC
SMC
Q4 25
$1.0B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
Q3 24
$957.0M
Q2 24
Q1 24
Stockholders' Equity
COUR
COUR
SMC
SMC
Q4 25
$635.7M
$546.2M
Q3 25
$639.5M
$551.9M
Q2 25
$627.0M
$552.0M
Q1 25
$610.5M
$558.1M
Q4 24
$597.4M
Q3 24
$593.3M
$651.5M
Q2 24
$585.2M
Q1 24
$609.1M
Total Assets
COUR
COUR
SMC
SMC
Q4 25
$1.0B
$2.4B
Q3 25
$995.3M
$2.4B
Q2 25
$979.9M
$2.4B
Q1 25
$951.2M
$2.4B
Q4 24
$930.3M
Q3 24
$914.1M
$2.0B
Q2 24
$904.4M
Q1 24
$916.3M
Debt / Equity
COUR
COUR
SMC
SMC
Q4 25
1.91×
Q3 25
1.96×
Q2 25
1.95×
Q1 25
1.94×
Q4 24
Q3 24
1.47×
Q2 24
Q1 24

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
SMC
SMC
Operating Cash FlowLast quarter
$5.8M
$53.7M
Free Cash FlowOCF − Capex
$5.4M
$34.5M
FCF MarginFCF / Revenue
2.7%
24.3%
Capex IntensityCapex / Revenue
0.2%
13.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$107.2M
$44.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
SMC
SMC
Q4 25
$5.8M
$53.7M
Q3 25
$33.9M
$26.7M
Q2 25
$35.5M
$37.2M
Q1 25
$33.5M
$16.0M
Q4 24
$19.2M
Q3 24
$27.9M
Q2 24
$23.8M
Q1 24
$24.5M
Free Cash Flow
COUR
COUR
SMC
SMC
Q4 25
$5.4M
$34.5M
Q3 25
$33.7M
$3.8M
Q2 25
$35.1M
$10.8M
Q1 25
$33.0M
$-4.6M
Q4 24
$18.1M
Q3 24
$27.7M
Q2 24
$23.6M
Q1 24
$24.4M
FCF Margin
COUR
COUR
SMC
SMC
Q4 25
2.7%
24.3%
Q3 25
17.4%
2.6%
Q2 25
18.8%
7.7%
Q1 25
18.4%
-3.4%
Q4 24
10.1%
Q3 24
15.7%
Q2 24
13.9%
Q1 24
14.4%
Capex Intensity
COUR
COUR
SMC
SMC
Q4 25
0.2%
13.4%
Q3 25
0.1%
15.6%
Q2 25
0.2%
18.8%
Q1 25
0.3%
15.5%
Q4 24
0.6%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
COUR
COUR
SMC
SMC
Q4 25
Q3 25
Q2 25
Q1 25
7.89×
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%

SMC
SMC

Rockies Segment$86.2M61%
Mid Con Barnett Shale Segment$39.4M28%
Piceance Basin Segment$15.8M11%

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