vs
Coursera, Inc.（COUR）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是Coursera, Inc.的1.4倍（$273.0M vs $196.9M），Forestar Group Inc.净利率更高（5.6% vs -13.6%，领先19.3%），Coursera, Inc.同比增速更快（9.9% vs 9.0%），Coursera, Inc.自由现金流更多（$5.4M vs $-157.1M），过去两年Coursera, Inc.的营收复合增速更高（7.9% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
COUR vs FOR — 直观对比
营收规模更大
FOR
是对方的1.4倍
$196.9M
营收增速更快
COUR
高出0.9%
9.0%
净利率更高
FOR
高出19.3%
-13.6%
自由现金流更多
COUR
多$162.5M
$-157.1M
两年增速更快
COUR
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $273.0M |
| 净利润 | $-26.8M | $15.4M |
| 毛利率 | 54.2% | 20.1% |
| 营业利润率 | -16.4% | 7.6% |
| 净利率 | -13.6% | 5.6% |
| 营收同比 | 9.9% | 9.0% |
| 净利润同比 | -24.1% | -6.7% |
| 每股收益（稀释后） | $-0.16 | $0.30 |
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COURFOR
| Q4 25 | $196.9M | $273.0M | ||
| Q3 25 | $194.2M | $670.5M | ||
| Q2 25 | $187.1M | $390.5M | ||
| Q1 25 | $179.3M | $351.0M | ||
| Q4 24 | $179.2M | $250.4M | ||
| Q3 24 | $176.1M | $551.3M | ||
| Q2 24 | $170.3M | $318.4M | ||
| Q1 24 | $169.1M | $333.8M |
净利润COURFOR
| Q4 25 | $-26.8M | $15.4M | ||
| Q3 25 | $-8.6M | $86.9M | ||
| Q2 25 | $-7.8M | $32.9M | ||
| Q1 25 | $-7.8M | $31.6M | ||
| Q4 24 | $-21.6M | $16.5M | ||
| Q3 24 | $-13.7M | $81.5M | ||
| Q2 24 | $-22.9M | $38.7M | ||
| Q1 24 | $-21.3M | $45.0M |
毛利率COURFOR
| Q4 25 | 54.2% | 20.1% | ||
| Q3 25 | 54.6% | 22.3% | ||
| Q2 25 | 54.9% | 20.4% | ||
| Q1 25 | 54.6% | 22.6% | ||
| Q4 24 | 53.3% | 22.0% | ||
| Q3 24 | 54.6% | 23.9% | ||
| Q2 24 | 53.0% | 22.5% | ||
| Q1 24 | 52.9% | 24.9% |
营业利润率COURFOR
| Q4 25 | -16.4% | 7.6% | ||
| Q3 25 | -8.0% | 16.9% | ||
| Q2 25 | -8.1% | 11.2% | ||
| Q1 25 | -8.0% | 11.6% | ||
| Q4 24 | -17.0% | 8.7% | ||
| Q3 24 | -12.3% | 19.7% | ||
| Q2 24 | -18.3% | 16.2% | ||
| Q1 24 | -17.6% | 17.6% |
净利率COURFOR
| Q4 25 | -13.6% | 5.6% | ||
| Q3 25 | -4.4% | 13.0% | ||
| Q2 25 | -4.2% | 8.4% | ||
| Q1 25 | -4.4% | 9.0% | ||
| Q4 24 | -12.1% | 6.6% | ||
| Q3 24 | -7.8% | 14.8% | ||
| Q2 24 | -13.4% | 12.2% | ||
| Q1 24 | -12.6% | 13.5% |
每股收益（稀释后）COURFOR
| Q4 25 | $-0.16 | $0.30 | ||
| Q3 25 | $-0.05 | $1.70 | ||
| Q2 25 | $-0.05 | $0.65 | ||
| Q1 25 | $-0.05 | $0.62 | ||
| Q4 24 | $-0.13 | $0.32 | ||
| Q3 24 | $-0.09 | $1.59 | ||
| Q2 24 | $-0.15 | $0.76 | ||
| Q1 24 | $-0.14 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $635.7M | $1.8B |
| 总资产 | $1.0B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资COURFOR
| Q4 25 | $792.6M | $211.7M | ||
| Q3 25 | $797.7M | $379.2M | ||
| Q2 25 | $775.1M | $189.2M | ||
| Q1 25 | $748.0M | $174.3M | ||
| Q4 24 | $726.1M | $132.0M | ||
| Q3 24 | $719.4M | $481.2M | ||
| Q2 24 | $708.8M | $359.2M | ||
| Q1 24 | $725.4M | $416.2M |
总债务COURFOR
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益COURFOR
| Q4 25 | $635.7M | $1.8B | ||
| Q3 25 | $639.5M | $1.8B | ||
| Q2 25 | $627.0M | $1.7B | ||
| Q1 25 | $610.5M | $1.6B | ||
| Q4 24 | $597.4M | $1.6B | ||
| Q3 24 | $593.3M | $1.6B | ||
| Q2 24 | $585.2M | $1.5B | ||
| Q1 24 | $609.1M | $1.5B |
总资产COURFOR
| Q4 25 | $1.0B | $3.2B | ||
| Q3 25 | $995.3M | $3.1B | ||
| Q2 25 | $979.9M | $3.1B | ||
| Q1 25 | $951.2M | $3.0B | ||
| Q4 24 | $930.3M | $3.0B | ||
| Q3 24 | $914.1M | $2.8B | ||
| Q2 24 | $904.4M | $2.7B | ||
| Q1 24 | $916.3M | $2.6B |
负债/权益比COURFOR
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | $-157.1M |
| 自由现金流率自由现金流/营收 | 2.7% | -57.5% |
| 资本支出强度资本支出/营收 | 0.2% | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | $107.2M | $93.0M |
8季度趋势，按日历期对齐
经营现金流COURFOR
| Q4 25 | $5.8M | $-157.0M | ||
| Q3 25 | $33.9M | $256.3M | ||
| Q2 25 | $35.5M | $15.8M | ||
| Q1 25 | $33.5M | $-19.8M | ||
| Q4 24 | $19.2M | $-450.0M | ||
| Q3 24 | $27.9M | $119.2M | ||
| Q2 24 | $23.8M | $-61.7M | ||
| Q1 24 | $24.5M | $-59.2M |
自由现金流COURFOR
| Q4 25 | $5.4M | $-157.1M | ||
| Q3 25 | $33.7M | $255.6M | ||
| Q2 25 | $35.1M | $15.0M | ||
| Q1 25 | $33.0M | $-20.5M | ||
| Q4 24 | $18.1M | — | ||
| Q3 24 | $27.7M | $118.4M | ||
| Q2 24 | $23.6M | $-62.3M | ||
| Q1 24 | $24.4M | $-59.8M |
自由现金流率COURFOR
| Q4 25 | 2.7% | -57.5% | ||
| Q3 25 | 17.4% | 38.1% | ||
| Q2 25 | 18.8% | 3.8% | ||
| Q1 25 | 18.4% | -5.8% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 15.7% | 21.5% | ||
| Q2 24 | 13.9% | -19.6% | ||
| Q1 24 | 14.4% | -17.9% |
资本支出强度COURFOR
| Q4 25 | 0.2% | 0.0% | ||
| Q3 25 | 0.1% | 0.1% | ||
| Q2 25 | 0.2% | 0.2% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.6% | 0.0% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.1% | 0.2% | ||
| Q1 24 | 0.1% | 0.2% |
现金转化率COURFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | — | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
