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Side-by-side financial comparison of SFL Corp Ltd. (SFL) and Udemy, Inc. (UDMY). Click either name above to swap in a different company.

SFL Corp Ltd. is the larger business by last-quarter revenue ($353.7M vs $194.0M, roughly 1.8× Udemy, Inc.). SFL Corp Ltd. runs the higher net margin — 1.1% vs -1.2%, a 2.3% gap on every dollar of revenue. On growth, Udemy, Inc. posted the faster year-over-year revenue change (-3.0% vs -27.0%).

SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.

Udemy is a US-based education technology company. Founded as a massive open online course (MOOC) provider in 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar; the company is based in San Francisco, California, with offices in the United States, Australia, India, Ireland, Mexico and Turkey. Its education platform allows both the creation and sharing of online courses. By early 2025, Udemy claimed to have millions of individual users. Courses are typically video-based and on-demand.

SFL vs UDMY — Head-to-Head

Bigger by revenue
SFL
SFL
1.8× larger
SFL
$353.7M
$194.0M
UDMY
Growing faster (revenue YoY)
UDMY
UDMY
+24.0% gap
UDMY
-3.0%
-27.0%
SFL
Higher net margin
SFL
SFL
2.3% more per $
SFL
1.1%
-1.2%
UDMY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SFL
SFL
UDMY
UDMY
Revenue
$353.7M
$194.0M
Net Profit
$4.0M
$-2.3M
Gross Margin
66.0%
Operating Margin
22.8%
-1.8%
Net Margin
1.1%
-1.2%
Revenue YoY
-27.0%
-3.0%
Net Profit YoY
-93.9%
76.4%
EPS (diluted)
$0.03
$-0.01

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
SFL
SFL
UDMY
UDMY
Q4 25
$353.7M
$194.0M
Q3 25
$195.7M
Q2 25
$199.9M
Q1 25
$200.3M
Q4 24
$484.4M
$199.9M
Q3 24
$195.4M
Q2 24
$194.4M
Q1 24
$196.8M
Net Profit
SFL
SFL
UDMY
UDMY
Q4 25
$4.0M
$-2.3M
Q3 25
$1.6M
Q2 25
$6.3M
Q1 25
$-1.8M
Q4 24
$64.7M
$-9.9M
Q3 24
$-25.3M
Q2 24
$-31.8M
Q1 24
$-18.3M
Gross Margin
SFL
SFL
UDMY
UDMY
Q4 25
66.0%
Q3 25
65.9%
Q2 25
66.1%
Q1 25
64.6%
Q4 24
63.6%
Q3 24
63.0%
Q2 24
62.3%
Q1 24
61.2%
Operating Margin
SFL
SFL
UDMY
UDMY
Q4 25
22.8%
-1.8%
Q3 25
-0.1%
Q2 25
2.0%
Q1 25
-2.2%
Q4 24
32.8%
-5.8%
Q3 24
-15.1%
Q2 24
-13.1%
Q1 24
-11.5%
Net Margin
SFL
SFL
UDMY
UDMY
Q4 25
1.1%
-1.2%
Q3 25
0.8%
Q2 25
3.1%
Q1 25
-0.9%
Q4 24
13.4%
-4.9%
Q3 24
-12.9%
Q2 24
-16.4%
Q1 24
-9.3%
EPS (diluted)
SFL
SFL
UDMY
UDMY
Q4 25
$0.03
$-0.01
Q3 25
$0.01
Q2 25
$0.04
Q1 25
$-0.01
Q4 24
$0.49
$-0.06
Q3 24
$-0.17
Q2 24
$-0.21
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
SFL
SFL
UDMY
UDMY
Cash + ST InvestmentsLiquidity on hand
$150.8M
$358.7M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$960.9M
$210.5M
Total Assets
$3.6B
$617.7M
Debt / EquityLower = less leverage
2.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SFL
SFL
UDMY
UDMY
Q4 25
$150.8M
$358.7M
Q3 25
$371.2M
Q2 25
$392.0M
Q1 25
$357.0M
Q4 24
$134.6M
$354.4M
Q3 24
$357.1M
Q2 24
$420.9M
Q1 24
$430.7M
Total Debt
SFL
SFL
UDMY
UDMY
Q4 25
$2.6B
Q3 25
Q2 25
Q1 25
Q4 24
$2.9B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SFL
SFL
UDMY
UDMY
Q4 25
$960.9M
$210.5M
Q3 25
$221.8M
Q2 25
$233.4M
Q1 25
$209.4M
Q4 24
$1.1B
$197.4M
Q3 24
$196.3M
Q2 24
$252.3M
Q1 24
$296.5M
Total Assets
SFL
SFL
UDMY
UDMY
Q4 25
$3.6B
$617.7M
Q3 25
$618.9M
Q2 25
$644.0M
Q1 25
$639.0M
Q4 24
$4.1B
$605.6M
Q3 24
$608.9M
Q2 24
$671.9M
Q1 24
$708.5M
Debt / Equity
SFL
SFL
UDMY
UDMY
Q4 25
2.69×
Q3 25
Q2 25
Q1 25
Q4 24
2.54×
Q3 24
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
SFL
SFL
UDMY
UDMY
Operating Cash FlowLast quarter
$118.4M
$15.5M
Free Cash FlowOCF − Capex
$15.0M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
29.75×
TTM Free Cash FlowTrailing 4 quarters
$81.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SFL
SFL
UDMY
UDMY
Q4 25
$118.4M
$15.5M
Q3 25
$15.7M
Q2 25
$44.2M
Q1 25
$12.2M
Q4 24
$182.4M
$9.6M
Q3 24
$-6.1M
Q2 24
$28.6M
Q1 24
$21.0M
Free Cash Flow
SFL
SFL
UDMY
UDMY
Q4 25
$15.0M
Q3 25
$15.1M
Q2 25
$41.9M
Q1 25
$9.8M
Q4 24
$8.4M
Q3 24
$-6.7M
Q2 24
$28.2M
Q1 24
$20.8M
FCF Margin
SFL
SFL
UDMY
UDMY
Q4 25
7.7%
Q3 25
7.7%
Q2 25
21.0%
Q1 25
4.9%
Q4 24
4.2%
Q3 24
-3.4%
Q2 24
14.5%
Q1 24
10.6%
Capex Intensity
SFL
SFL
UDMY
UDMY
Q4 25
0.3%
Q3 25
0.3%
Q2 25
1.1%
Q1 25
1.2%
Q4 24
0.6%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
SFL
SFL
UDMY
UDMY
Q4 25
29.75×
Q3 25
9.58×
Q2 25
7.06×
Q1 25
Q4 24
2.82×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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