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Coursera, Inc.（COUR）与Liberty Broadband Corp（LBRDA）财务数据对比。点击上方公司名可切换其他公司
Liberty Broadband Corp的季度营收约是Coursera, Inc.的1.3倍（$261.0M vs $196.9M），Liberty Broadband Corp净利率更高（146.7% vs -13.6%，领先160.4%），Coursera, Inc.同比增速更快（9.9% vs 6.1%），Liberty Broadband Corp自由现金流更多（$37.0M vs $5.4M），过去两年Coursera, Inc.的营收复合增速更高（7.9% vs 4.3%）
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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
COUR vs LBRDA — 直观对比
营收规模更大
LBRDA
是对方的1.3倍
$196.9M
营收增速更快
COUR
高出3.8%
6.1%
净利率更高
LBRDA
高出160.4%
-13.6%
自由现金流更多
LBRDA
多$31.6M
$5.4M
两年增速更快
COUR
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $261.0M |
| 净利润 | $-26.8M | $383.0M |
| 毛利率 | 54.2% | — |
| 营业利润率 | -16.4% | 15.7% |
| 净利率 | -13.6% | 146.7% |
| 营收同比 | 9.9% | 6.1% |
| 净利润同比 | -24.1% | 96.4% |
| 每股收益（稀释后） | $-0.16 | $2.68 |
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COURLBRDA
| Q4 25 | $196.9M | — | ||
| Q3 25 | $194.2M | — | ||
| Q2 25 | $187.1M | $261.0M | ||
| Q1 25 | $179.3M | $266.0M | ||
| Q4 24 | $179.2M | $263.0M | ||
| Q3 24 | $176.1M | $262.0M | ||
| Q2 24 | $170.3M | $246.0M | ||
| Q1 24 | $169.1M | $245.0M |
净利润COURLBRDA
| Q4 25 | $-26.8M | — | ||
| Q3 25 | $-8.6M | — | ||
| Q2 25 | $-7.8M | $383.0M | ||
| Q1 25 | $-7.8M | $268.0M | ||
| Q4 24 | $-21.6M | $291.0M | ||
| Q3 24 | $-13.7M | $142.0M | ||
| Q2 24 | $-22.9M | $195.0M | ||
| Q1 24 | $-21.3M | $241.0M |
毛利率COURLBRDA
| 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% | — |
营业利润率COURLBRDA
| Q4 25 | -16.4% | — | ||
| Q3 25 | -8.0% | — | ||
| Q2 25 | -8.1% | 15.7% | ||
| Q1 25 | -8.0% | 16.2% | ||
| Q4 24 | -17.0% | 4.9% | ||
| Q3 24 | -12.3% | 11.5% | ||
| Q2 24 | -18.3% | 8.5% | ||
| Q1 24 | -17.6% | 11.4% |
净利率COURLBRDA
| Q4 25 | -13.6% | — | ||
| Q3 25 | -4.4% | — | ||
| Q2 25 | -4.2% | 146.7% | ||
| Q1 25 | -4.4% | 100.8% | ||
| Q4 24 | -12.1% | 110.6% | ||
| Q3 24 | -7.8% | 54.2% | ||
| Q2 24 | -13.4% | 79.3% | ||
| Q1 24 | -12.6% | 98.4% |
每股收益（稀释后）COURLBRDA
| Q4 25 | $-0.16 | — | ||
| Q3 25 | $-0.05 | — | ||
| Q2 25 | $-0.05 | $2.68 | ||
| Q1 25 | $-0.05 | $1.87 | ||
| Q4 24 | $-0.13 | $2.04 | ||
| Q3 24 | $-0.09 | $0.99 | ||
| Q2 24 | $-0.15 | $1.36 | ||
| Q1 24 | $-0.14 | $1.69 |
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 | $180.0M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $635.7M | $10.4B |
| 总资产 | $1.0B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资COURLBRDA
| Q4 25 | $792.6M | — | ||
| Q3 25 | $797.7M | — | ||
| Q2 25 | $775.1M | $180.0M | ||
| Q1 25 | $748.0M | $226.0M | ||
| Q4 24 | $726.1M | $163.0M | ||
| Q3 24 | $719.4M | $168.0M | ||
| Q2 24 | $708.8M | $73.0M | ||
| Q1 24 | $725.4M | $108.0M |
总债务COURLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.6B |
股东权益COURLBRDA
| Q4 25 | $635.7M | — | ||
| Q3 25 | $639.5M | — | ||
| Q2 25 | $627.0M | $10.4B | ||
| Q1 25 | $610.5M | $10.1B | ||
| Q4 24 | $597.4M | $9.8B | ||
| Q3 24 | $593.3M | $9.5B | ||
| Q2 24 | $585.2M | $9.3B | ||
| Q1 24 | $609.1M | $9.1B |
总资产COURLBRDA
| Q4 25 | $1.0B | — | ||
| Q3 25 | $995.3M | — | ||
| Q2 25 | $979.9M | $16.6B | ||
| Q1 25 | $951.2M | $17.0B | ||
| Q4 24 | $930.3M | $16.7B | ||
| Q3 24 | $914.1M | $16.3B | ||
| Q2 24 | $904.4M | $16.0B | ||
| Q1 24 | $916.3M | $15.7B |
负债/权益比COURLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.40× |
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 | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | $37.0M |
| 自由现金流率自由现金流/营收 | 2.7% | 14.2% |
| 资本支出强度资本支出/营收 | 0.2% | 20.7% |
| 现金转化率经营现金流/净利润 | — | 0.24× |
| 过去12个月自由现金流最近4个季度 | $107.2M | $-49.0M |
8季度趋势，按日历期对齐
经营现金流COURLBRDA
| Q4 25 | $5.8M | — | ||
| Q3 25 | $33.9M | — | ||
| Q2 25 | $35.5M | $91.0M | ||
| Q1 25 | $33.5M | $78.0M | ||
| Q4 24 | $19.2M | $1.0M | ||
| Q3 24 | $27.9M | $24.0M | ||
| Q2 24 | $23.8M | $27.0M | ||
| Q1 24 | $24.5M | $52.0M |
自由现金流COURLBRDA
| Q4 25 | $5.4M | — | ||
| Q3 25 | $33.7M | — | ||
| Q2 25 | $35.1M | $37.0M | ||
| Q1 25 | $33.0M | $13.0M | ||
| Q4 24 | $18.1M | $-63.0M | ||
| Q3 24 | $27.7M | $-36.0M | ||
| Q2 24 | $23.6M | $-35.0M | ||
| Q1 24 | $24.4M | $-9.0M |
自由现金流率COURLBRDA
| Q4 25 | 2.7% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 18.8% | 14.2% | ||
| Q1 25 | 18.4% | 4.9% | ||
| Q4 24 | 10.1% | -24.0% | ||
| Q3 24 | 15.7% | -13.7% | ||
| Q2 24 | 13.9% | -14.2% | ||
| Q1 24 | 14.4% | -3.7% |
资本支出强度COURLBRDA
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | 20.7% | ||
| Q1 25 | 0.3% | 24.4% | ||
| Q4 24 | 0.6% | 24.3% | ||
| Q3 24 | 0.1% | 22.9% | ||
| Q2 24 | 0.1% | 25.2% | ||
| Q1 24 | 0.1% | 24.9% |
现金转化率COURLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.22× |
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% |
LBRDA
暂无分部数据
