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Coursera, Inc.（COUR）与CSW INDUSTRIALS, INC.（CSW）财务数据对比。点击上方公司名可切换其他公司
CSW INDUSTRIALS, INC.的季度营收约是Coursera, Inc.的1.2倍（$233.0M vs $196.9M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -13.6%，领先18.0%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 9.9%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $5.4M），过去两年Coursera, Inc.的营收复合增速更高（7.9% vs 5.1%）
Coursera Inc.是美国营利性在线教育平台，由斯坦福大学计算机科学教授吴恩达与达芙妮·科勒于2012年创立。创立初期它作为全球大型开放式网络课程平台运营，目前和全球多所大学及各类机构合作，提供涵盖多个学科领域的在线课程、证书与学位项目。
COUR vs CSW — 直观对比
营收规模更大
CSW
是对方的1.2倍
$196.9M
营收增速更快
CSW
高出10.4%
9.9%
净利率更高
CSW
高出18.0%
-13.6%
自由现金流更多
CSW
多$17.3M
$5.4M
两年增速更快
COUR
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $233.0M |
| 净利润 | $-26.8M | $10.3M |
| 毛利率 | 54.2% | 39.7% |
| 营业利润率 | -16.4% | 7.4% |
| 净利率 | -13.6% | 4.4% |
| 营收同比 | 9.9% | 20.3% |
| 净利润同比 | -24.1% | -61.9% |
| 每股收益（稀释后） | $-0.16 | $0.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收COURCSW
| Q4 25 | $196.9M | $233.0M | ||
| Q3 25 | $194.2M | $277.0M | ||
| Q2 25 | $187.1M | $263.6M | ||
| Q1 25 | $179.3M | $230.5M | ||
| Q4 24 | $179.2M | $193.6M | ||
| Q3 24 | $176.1M | $227.9M | ||
| Q2 24 | $170.3M | $226.2M | ||
| Q1 24 | $169.1M | $210.9M |
净利润COURCSW
| Q4 25 | $-26.8M | $10.3M | ||
| Q3 25 | $-8.6M | $40.7M | ||
| Q2 25 | $-7.8M | $40.9M | ||
| Q1 25 | $-7.8M | $35.1M | ||
| Q4 24 | $-21.6M | $26.9M | ||
| Q3 24 | $-13.7M | $36.1M | ||
| Q2 24 | $-22.9M | $38.6M | ||
| Q1 24 | $-21.3M | $31.8M |
毛利率COURCSW
| Q4 25 | 54.2% | 39.7% | ||
| Q3 25 | 54.6% | 43.0% | ||
| Q2 25 | 54.9% | 43.8% | ||
| Q1 25 | 54.6% | 44.2% | ||
| Q4 24 | 53.3% | 41.4% | ||
| Q3 24 | 54.6% | 45.6% | ||
| Q2 24 | 53.0% | 47.5% | ||
| Q1 24 | 52.9% | 44.4% |
营业利润率COURCSW
| Q4 25 | -16.4% | 7.4% | ||
| Q3 25 | -8.0% | 20.5% | ||
| Q2 25 | -8.1% | 20.8% | ||
| Q1 25 | -8.0% | 19.5% | ||
| Q4 24 | -17.0% | 15.3% | ||
| Q3 24 | -12.3% | 22.6% | ||
| Q2 24 | -18.3% | 24.3% | ||
| Q1 24 | -17.6% | 21.0% |
净利率COURCSW
| Q4 25 | -13.6% | 4.4% | ||
| Q3 25 | -4.4% | 14.7% | ||
| Q2 25 | -4.2% | 15.5% | ||
| Q1 25 | -4.4% | 15.2% | ||
| Q4 24 | -12.1% | 13.9% | ||
| Q3 24 | -7.8% | 15.8% | ||
| Q2 24 | -13.4% | 17.1% | ||
| Q1 24 | -12.6% | 15.1% |
每股收益（稀释后）COURCSW
| Q4 25 | $-0.16 | $0.62 | ||
| Q3 25 | $-0.05 | $2.41 | ||
| Q2 25 | $-0.05 | $2.43 | ||
| Q1 25 | $-0.05 | $2.05 | ||
| Q4 24 | $-0.13 | $1.60 | ||
| Q3 24 | $-0.09 | $2.26 | ||
| Q2 24 | $-0.15 | $2.47 | ||
| Q1 24 | $-0.14 | $2.03 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $792.6M | $40.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $635.7M | $1.1B |
| 总资产 | $1.0B | $2.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资COURCSW
| Q4 25 | $792.6M | $40.2M | ||
| Q3 25 | $797.7M | $31.5M | ||
| Q2 25 | $775.1M | $38.0M | ||
| Q1 25 | $748.0M | $225.8M | ||
| Q4 24 | $726.1M | $213.8M | ||
| Q3 24 | $719.4M | $273.2M | ||
| Q2 24 | $708.8M | $18.9M | ||
| Q1 24 | $725.4M | $22.2M |
总债务COURCSW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
股东权益COURCSW
| Q4 25 | $635.7M | $1.1B | ||
| Q3 25 | $639.5M | $1.1B | ||
| Q2 25 | $627.0M | $1.1B | ||
| Q1 25 | $610.5M | $1.1B | ||
| Q4 24 | $597.4M | $1.0B | ||
| Q3 24 | $593.3M | $1.0B | ||
| Q2 24 | $585.2M | $650.2M | ||
| Q1 24 | $609.1M | $615.7M |
总资产COURCSW
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $995.3M | $1.5B | ||
| Q2 25 | $979.9M | $1.5B | ||
| Q1 25 | $951.2M | $1.4B | ||
| Q4 24 | $930.3M | $1.4B | ||
| Q3 24 | $914.1M | $1.4B | ||
| Q2 24 | $904.4M | $1.1B | ||
| Q1 24 | $916.3M | $1.0B |
负债/权益比COURCSW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.27× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $5.8M | $28.9M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | $22.7M |
| 自由现金流率自由现金流/营收 | 2.7% | 9.8% |
| 资本支出强度资本支出/营收 | 0.2% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.81× |
| 过去12个月自由现金流最近4个季度 | $107.2M | $162.0M |
8季度趋势，按日历期对齐
经营现金流COURCSW
| Q4 25 | $5.8M | $28.9M | ||
| Q3 25 | $33.9M | $61.8M | ||
| Q2 25 | $35.5M | $60.6M | ||
| Q1 25 | $33.5M | $27.3M | ||
| Q4 24 | $19.2M | $11.6M | ||
| Q3 24 | $27.9M | $66.8M | ||
| Q2 24 | $23.8M | $62.7M | ||
| Q1 24 | $24.5M | $22.4M |
自由现金流COURCSW
| Q4 25 | $5.4M | $22.7M | ||
| Q3 25 | $33.7M | $58.7M | ||
| Q2 25 | $35.1M | $57.7M | ||
| Q1 25 | $33.0M | $22.8M | ||
| Q4 24 | $18.1M | $8.5M | ||
| Q3 24 | $27.7M | $61.3M | ||
| Q2 24 | $23.6M | $59.6M | ||
| Q1 24 | $24.4M | $17.5M |
自由现金流率COURCSW
| Q4 25 | 2.7% | 9.8% | ||
| Q3 25 | 17.4% | 21.2% | ||
| Q2 25 | 18.8% | 21.9% | ||
| Q1 25 | 18.4% | 9.9% | ||
| Q4 24 | 10.1% | 4.4% | ||
| Q3 24 | 15.7% | 26.9% | ||
| Q2 24 | 13.9% | 26.3% | ||
| Q1 24 | 14.4% | 8.3% |
资本支出强度COURCSW
| Q4 25 | 0.2% | 2.6% | ||
| Q3 25 | 0.1% | 1.1% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.3% | 2.0% | ||
| Q4 24 | 0.6% | 1.6% | ||
| Q3 24 | 0.1% | 2.4% | ||
| Q2 24 | 0.1% | 1.4% | ||
| Q1 24 | 0.1% | 2.3% |
现金转化率COURCSW
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 0.71× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
COUR
| Consumer Segment | $131.5M | 67% |
| Enterprise Segment | $65.4M | 33% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
