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Coursera, Inc.（COUR）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
Coursera, Inc.的季度营收约是MARCUS CORP的1.0倍（$196.9M vs $193.5M），Coursera, Inc.同比增速更快（9.9% vs 2.8%），MARCUS CORP自由现金流更多（$26.4M vs $5.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 7.9%）
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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
COUR vs MCS — 直观对比
营收规模更大
COUR
是对方的1.0倍
$193.5M
营收增速更快
COUR
高出7.1%
2.8%
自由现金流更多
MCS
多$21.0M
$5.4M
两年增速更快
MCS
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $193.5M |
| 净利润 | $-26.8M | — |
| 毛利率 | 54.2% | — |
| 营业利润率 | -16.4% | 0.9% |
| 净利率 | -13.6% | — |
| 营收同比 | 9.9% | 2.8% |
| 净利润同比 | -24.1% | — |
| 每股收益（稀释后） | $-0.16 | — |
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COURMCS
| Q4 25 | $196.9M | $193.5M | ||
| Q3 25 | $194.2M | $210.2M | ||
| Q2 25 | $187.1M | $206.0M | ||
| Q1 25 | $179.3M | $148.8M | ||
| Q4 24 | $179.2M | $188.3M | ||
| Q3 24 | $176.1M | $232.7M | ||
| Q2 24 | $170.3M | $176.0M | ||
| Q1 24 | $169.1M | $138.5M |
净利润COURMCS
| Q4 25 | $-26.8M | — | ||
| Q3 25 | $-8.6M | $16.2M | ||
| Q2 25 | $-7.8M | $7.3M | ||
| Q1 25 | $-7.8M | $-16.8M | ||
| Q4 24 | $-21.6M | $986.0K | ||
| Q3 24 | $-13.7M | $23.3M | ||
| Q2 24 | $-22.9M | $-20.2M | ||
| Q1 24 | $-21.3M | $-11.9M |
毛利率COURMCS
| 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COURMCS
| Q4 25 | -16.4% | 0.9% | ||
| Q3 25 | -8.0% | 10.8% | ||
| Q2 25 | -8.1% | 6.3% | ||
| Q1 25 | -8.0% | -13.7% | ||
| Q4 24 | -17.0% | -1.2% | ||
| Q3 24 | -12.3% | 14.1% | ||
| Q2 24 | -18.3% | 1.3% | ||
| Q1 24 | -17.6% | -12.0% |
净利率COURMCS
| Q4 25 | -13.6% | — | ||
| Q3 25 | -4.4% | 7.7% | ||
| Q2 25 | -4.2% | 3.6% | ||
| Q1 25 | -4.4% | -11.3% | ||
| Q4 24 | -12.1% | 0.5% | ||
| Q3 24 | -7.8% | 10.0% | ||
| Q2 24 | -13.4% | -11.5% | ||
| Q1 24 | -12.6% | -8.6% |
每股收益（稀释后）COURMCS
| Q4 25 | $-0.16 | — | ||
| Q3 25 | $-0.05 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $-0.15 | — | ||
| Q1 24 | $-0.14 | — |
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 | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $635.7M | $457.4M |
| 总资产 | $1.0B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资COURMCS
| Q4 25 | $792.6M | $23.4M | ||
| Q3 25 | $797.7M | $7.4M | ||
| Q2 25 | $775.1M | $14.9M | ||
| Q1 25 | $748.0M | $11.9M | ||
| Q4 24 | $726.1M | $40.8M | ||
| Q3 24 | $719.4M | $28.4M | ||
| Q2 24 | $708.8M | $32.8M | ||
| Q1 24 | $725.4M | $17.3M |
总债务COURMCS
| Q4 25 | — | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | — | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益COURMCS
| Q4 25 | $635.7M | $457.4M | ||
| Q3 25 | $639.5M | $454.3M | ||
| Q2 25 | $627.0M | $448.4M | ||
| Q1 25 | $610.5M | $441.8M | ||
| Q4 24 | $597.4M | $464.9M | ||
| Q3 24 | $593.3M | $462.3M | ||
| Q2 24 | $585.2M | $449.4M | ||
| Q1 24 | $609.1M | $459.3M |
总资产COURMCS
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $995.3M | $1.0B | ||
| Q2 25 | $979.9M | $1.0B | ||
| Q1 25 | $951.2M | $1.0B | ||
| Q4 24 | $930.3M | $1.0B | ||
| Q3 24 | $914.1M | $1.0B | ||
| Q2 24 | $904.4M | $1.1B | ||
| Q1 24 | $916.3M | $1.0B |
负债/权益比COURMCS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | $26.4M |
| 自由现金流率自由现金流/营收 | 2.7% | 13.6% |
| 资本支出强度资本支出/营收 | 0.2% | 11.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $107.2M | $989.0K |
8季度趋势，按日历期对齐
经营现金流COURMCS
| Q4 25 | $5.8M | $48.8M | ||
| Q3 25 | $33.9M | $39.1M | ||
| Q2 25 | $35.5M | $31.6M | ||
| Q1 25 | $33.5M | $-35.3M | ||
| Q4 24 | $19.2M | $52.6M | ||
| Q3 24 | $27.9M | $30.5M | ||
| Q2 24 | $23.8M | $36.0M | ||
| Q1 24 | $24.5M | $-15.1M |
自由现金流COURMCS
| Q4 25 | $5.4M | $26.4M | ||
| Q3 25 | $33.7M | $18.2M | ||
| Q2 25 | $35.1M | $14.7M | ||
| Q1 25 | $33.0M | $-58.3M | ||
| Q4 24 | $18.1M | $27.1M | ||
| Q3 24 | $27.7M | $12.0M | ||
| Q2 24 | $23.6M | $16.1M | ||
| Q1 24 | $24.4M | $-30.5M |
自由现金流率COURMCS
| Q4 25 | 2.7% | 13.6% | ||
| Q3 25 | 17.4% | 8.7% | ||
| Q2 25 | 18.8% | 7.1% | ||
| Q1 25 | 18.4% | -39.2% | ||
| Q4 24 | 10.1% | 14.4% | ||
| Q3 24 | 15.7% | 5.2% | ||
| Q2 24 | 13.9% | 9.2% | ||
| Q1 24 | 14.4% | -22.0% |
资本支出强度COURMCS
| Q4 25 | 0.2% | 11.6% | ||
| Q3 25 | 0.1% | 9.9% | ||
| Q2 25 | 0.2% | 8.2% | ||
| Q1 25 | 0.3% | 15.5% | ||
| Q4 24 | 0.6% | 13.5% | ||
| Q3 24 | 0.1% | 7.9% | ||
| Q2 24 | 0.1% | 11.3% | ||
| Q1 24 | 0.1% | 11.1% |
现金转化率COURMCS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 4.32× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
