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Side-by-side financial comparison of Coursera, Inc. (COUR) and Texas Pacific Land Corporation (TPL). Click either name above to swap in a different company.

Texas Pacific Land Corporation is the larger business by last-quarter revenue ($211.6M vs $196.9M, roughly 1.1× Coursera, Inc.). Texas Pacific Land Corporation runs the higher net margin — 58.3% vs -13.6%, a 71.9% gap on every dollar of revenue. On growth, Texas Pacific Land Corporation posted the faster year-over-year revenue change (13.9% vs 9.9%). Over the past eight quarters, Texas Pacific Land Corporation's revenue compounded faster (10.2% 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.

The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km2) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as a publicly traded trust taxed as a corporation, and operated under the name Texas Pacific Land Trust.

COUR vs TPL — Head-to-Head

Bigger by revenue
TPL
TPL
1.1× larger
TPL
$211.6M
$196.9M
COUR
Growing faster (revenue YoY)
TPL
TPL
+4.0% gap
TPL
13.9%
9.9%
COUR
Higher net margin
TPL
TPL
71.9% more per $
TPL
58.3%
-13.6%
COUR
Faster 2-yr revenue CAGR
TPL
TPL
Annualised
TPL
10.2%
7.9%
COUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COUR
COUR
TPL
TPL
Revenue
$196.9M
$211.6M
Net Profit
$-26.8M
$123.3M
Gross Margin
54.2%
Operating Margin
-16.4%
70.5%
Net Margin
-13.6%
58.3%
Revenue YoY
9.9%
13.9%
Net Profit YoY
-24.1%
4.2%
EPS (diluted)
$-0.16
$-8.59

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
TPL
TPL
Q4 25
$196.9M
$211.6M
Q3 25
$194.2M
$203.1M
Q2 25
$187.1M
$187.5M
Q1 25
$179.3M
$196.0M
Q4 24
$179.2M
$185.8M
Q3 24
$176.1M
$173.6M
Q2 24
$170.3M
$172.3M
Q1 24
$169.1M
$174.1M
Net Profit
COUR
COUR
TPL
TPL
Q4 25
$-26.8M
$123.3M
Q3 25
$-8.6M
$121.2M
Q2 25
$-7.8M
$116.1M
Q1 25
$-7.8M
$120.7M
Q4 24
$-21.6M
$118.4M
Q3 24
$-13.7M
$106.6M
Q2 24
$-22.9M
$114.6M
Q1 24
$-21.3M
$114.4M
Gross Margin
COUR
COUR
TPL
TPL
Q4 25
54.2%
Q3 25
54.6%
Q2 25
54.9%
Q1 25
54.6%
Q4 24
53.3%
Q3 24
54.6%
Q2 24
53.0%
Q1 24
52.9%
Operating Margin
COUR
COUR
TPL
TPL
Q4 25
-16.4%
70.5%
Q3 25
-8.0%
73.4%
Q2 25
-8.1%
76.6%
Q1 25
-8.0%
76.6%
Q4 24
-17.0%
76.7%
Q3 24
-12.3%
73.4%
Q2 24
-18.3%
77.3%
Q1 24
-17.6%
78.1%
Net Margin
COUR
COUR
TPL
TPL
Q4 25
-13.6%
58.3%
Q3 25
-4.4%
59.7%
Q2 25
-4.2%
61.9%
Q1 25
-4.4%
61.6%
Q4 24
-12.1%
63.7%
Q3 24
-7.8%
61.4%
Q2 24
-13.4%
66.5%
Q1 24
-12.6%
65.7%
EPS (diluted)
COUR
COUR
TPL
TPL
Q4 25
$-0.16
$-8.59
Q3 25
$-0.05
$5.27
Q2 25
$-0.05
$5.05
Q1 25
$-0.05
$5.24
Q4 24
$-0.13
$5.14
Q3 24
$-0.09
$4.63
Q2 24
$-0.15
$4.98
Q1 24
$-0.14
$4.97

Balance Sheet & Financial Strength

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

Metric
COUR
COUR
TPL
TPL
Cash + ST InvestmentsLiquidity on hand
$792.6M
$144.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$635.7M
$1.5B
Total Assets
$1.0B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
TPL
TPL
Q4 25
$792.6M
$144.8M
Q3 25
$797.7M
$531.8M
Q2 25
$775.1M
$543.9M
Q1 25
$748.0M
$460.4M
Q4 24
$726.1M
$369.8M
Q3 24
$719.4M
$533.9M
Q2 24
$708.8M
$894.7M
Q1 24
$725.4M
$837.1M
Stockholders' Equity
COUR
COUR
TPL
TPL
Q4 25
$635.7M
$1.5B
Q3 25
$639.5M
$1.4B
Q2 25
$627.0M
$1.3B
Q1 25
$610.5M
$1.2B
Q4 24
$597.4M
$1.1B
Q3 24
$593.3M
$1.1B
Q2 24
$585.2M
$1.2B
Q1 24
$609.1M
$1.1B
Total Assets
COUR
COUR
TPL
TPL
Q4 25
$1.0B
$1.6B
Q3 25
$995.3M
$1.5B
Q2 25
$979.9M
$1.4B
Q1 25
$951.2M
$1.4B
Q4 24
$930.3M
$1.2B
Q3 24
$914.1M
$1.2B
Q2 24
$904.4M
$1.3B
Q1 24
$916.3M
$1.3B

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
TPL
TPL
Operating Cash FlowLast quarter
$5.8M
$113.7M
Free Cash FlowOCF − Capex
$5.4M
FCF MarginFCF / Revenue
2.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
TPL
TPL
Q4 25
$5.8M
$113.7M
Q3 25
$33.9M
$154.6M
Q2 25
$35.5M
$120.9M
Q1 25
$33.5M
$156.7M
Q4 24
$19.2M
$126.6M
Q3 24
$27.9M
$118.6M
Q2 24
$23.8M
$98.3M
Q1 24
$24.5M
$147.2M
Free Cash Flow
COUR
COUR
TPL
TPL
Q4 25
$5.4M
Q3 25
$33.7M
Q2 25
$35.1M
Q1 25
$33.0M
Q4 24
$18.1M
Q3 24
$27.7M
Q2 24
$23.6M
Q1 24
$24.4M
FCF Margin
COUR
COUR
TPL
TPL
Q4 25
2.7%
Q3 25
17.4%
Q2 25
18.8%
Q1 25
18.4%
Q4 24
10.1%
Q3 24
15.7%
Q2 24
13.9%
Q1 24
14.4%
Capex Intensity
COUR
COUR
TPL
TPL
Q4 25
0.2%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.6%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
COUR
COUR
TPL
TPL
Q4 25
0.92×
Q3 25
1.28×
Q2 25
1.04×
Q1 25
1.30×
Q4 24
1.07×
Q3 24
1.11×
Q2 24
0.86×
Q1 24
1.29×

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%

TPL
TPL

Water Serviceand Operations Segment$98.2M46%
Water Sales And Royalties$60.7M29%
Produced Water Royalties$33.5M16%
Easementand Sundry$20.6M10%

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