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Coursera, Inc.（COUR）与Proto Labs Inc（PRLB）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Proto Labs Inc的1.4倍（$196.9M vs $139.3M），Proto Labs Inc净利率更高（5.8% vs -13.6%，领先19.4%），Proto Labs Inc同比增速更快（10.4% vs 9.9%），过去两年Coursera, Inc.的营收复合增速更高（7.9% vs 5.3%）
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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
COUR vs PRLB — 直观对比
营收规模更大
COUR
是对方的1.4倍
$139.3M
营收增速更快
PRLB
高出0.5%
9.9%
净利率更高
PRLB
高出19.4%
-13.6%
两年增速更快
COUR
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $139.3M |
| 净利润 | $-26.8M | $8.1M |
| 毛利率 | 54.2% | 45.6% |
| 营业利润率 | -16.4% | 7.1% |
| 净利率 | -13.6% | 5.8% |
| 营收同比 | 9.9% | 10.4% |
| 净利润同比 | -24.1% | 125.4% |
| 每股收益（稀释后） | $-0.16 | $0.29 |
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COURPRLB
| Q1 26 | — | $139.3M | ||
| Q4 25 | $196.9M | $136.5M | ||
| Q3 25 | $194.2M | $135.4M | ||
| Q2 25 | $187.1M | $135.1M | ||
| Q1 25 | $179.3M | $126.2M | ||
| Q4 24 | $179.2M | $121.8M | ||
| Q3 24 | $176.1M | $125.6M | ||
| Q2 24 | $170.3M | $125.6M |
净利润COURPRLB
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-26.8M | — | ||
| Q3 25 | $-8.6M | $7.2M | ||
| Q2 25 | $-7.8M | $4.4M | ||
| Q1 25 | $-7.8M | $3.6M | ||
| Q4 24 | $-21.6M | — | ||
| Q3 24 | $-13.7M | $7.2M | ||
| Q2 24 | $-22.9M | $4.5M |
毛利率COURPRLB
| Q1 26 | — | 45.6% | ||
| Q4 25 | 54.2% | 44.2% | ||
| Q3 25 | 54.6% | 45.3% | ||
| Q2 25 | 54.9% | 44.3% | ||
| Q1 25 | 54.6% | 44.1% | ||
| Q4 24 | 53.3% | 42.7% | ||
| Q3 24 | 54.6% | 45.6% | ||
| Q2 24 | 53.0% | 45.0% |
营业利润率COURPRLB
| Q1 26 | — | 7.1% | ||
| Q4 25 | -16.4% | 5.0% | ||
| Q3 25 | -8.0% | 6.5% | ||
| Q2 25 | -8.1% | 3.7% | ||
| Q1 25 | -8.0% | 3.6% | ||
| Q4 24 | -17.0% | -1.2% | ||
| Q3 24 | -12.3% | 6.8% | ||
| Q2 24 | -18.3% | 4.8% |
净利率COURPRLB
| Q1 26 | — | 5.8% | ||
| Q4 25 | -13.6% | — | ||
| Q3 25 | -4.4% | 5.3% | ||
| Q2 25 | -4.2% | 3.3% | ||
| Q1 25 | -4.4% | 2.9% | ||
| Q4 24 | -12.1% | — | ||
| Q3 24 | -7.8% | 5.7% | ||
| Q2 24 | -13.4% | 3.6% |
每股收益（稀释后）COURPRLB
| Q1 26 | — | $0.29 | ||
| Q4 25 | $-0.16 | $0.25 | ||
| Q3 25 | $-0.05 | $0.30 | ||
| Q2 25 | $-0.05 | $0.18 | ||
| Q1 25 | $-0.05 | $0.15 | ||
| Q4 24 | $-0.13 | $-0.01 | ||
| Q3 24 | $-0.09 | $0.29 | ||
| Q2 24 | $-0.15 | $0.18 |
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 | $124.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $635.7M | $683.1M |
| 总资产 | $1.0B | $778.6M |
| 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COURPRLB
| Q1 26 | — | $124.0M | ||
| Q4 25 | $792.6M | $128.1M | ||
| Q3 25 | $797.7M | $119.2M | ||
| Q2 25 | $775.1M | $103.2M | ||
| Q1 25 | $748.0M | $96.8M | ||
| Q4 24 | $726.1M | $103.1M | ||
| Q3 24 | $719.4M | $100.5M | ||
| Q2 24 | $708.8M | $112.9M |
股东权益COURPRLB
| Q1 26 | — | $683.1M | ||
| Q4 25 | $635.7M | $673.9M | ||
| Q3 25 | $639.5M | $664.7M | ||
| Q2 25 | $627.0M | $664.7M | ||
| Q1 25 | $610.5M | $656.8M | ||
| Q4 24 | $597.4M | $670.2M | ||
| Q3 24 | $593.3M | $680.0M | ||
| Q2 24 | $585.2M | $685.2M |
总资产COURPRLB
| Q1 26 | — | $778.6M | ||
| Q4 25 | $1.0B | $763.4M | ||
| Q3 25 | $995.3M | $756.9M | ||
| Q2 25 | $979.9M | $743.3M | ||
| Q1 25 | $951.2M | $737.5M | ||
| Q4 24 | $930.3M | $743.5M | ||
| Q3 24 | $914.1M | $753.8M | ||
| Q2 24 | $904.4M | $758.2M |
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 | $17.5M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | — |
| 自由现金流率自由现金流/营收 | 2.7% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $107.2M | — |
8季度趋势，按日历期对齐
经营现金流COURPRLB
| Q1 26 | — | $17.5M | ||
| Q4 25 | $5.8M | $16.5M | ||
| Q3 25 | $33.9M | $29.1M | ||
| Q2 25 | $35.5M | $10.6M | ||
| Q1 25 | $33.5M | $18.4M | ||
| Q4 24 | $19.2M | $17.3M | ||
| Q3 24 | $27.9M | $24.8M | ||
| Q2 24 | $23.8M | $14.4M |
自由现金流COURPRLB
| Q1 26 | — | — | ||
| Q4 25 | $5.4M | $8.4M | ||
| Q3 25 | $33.7M | $25.0M | ||
| Q2 25 | $35.1M | $9.1M | ||
| Q1 25 | $33.0M | $17.1M | ||
| Q4 24 | $18.1M | $16.5M | ||
| Q3 24 | $27.7M | $23.2M | ||
| Q2 24 | $23.6M | $10.2M |
自由现金流率COURPRLB
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 6.2% | ||
| Q3 25 | 17.4% | 18.5% | ||
| Q2 25 | 18.8% | 6.7% | ||
| Q1 25 | 18.4% | 13.6% | ||
| Q4 24 | 10.1% | 13.5% | ||
| Q3 24 | 15.7% | 18.5% | ||
| Q2 24 | 13.9% | 8.2% |
资本支出强度COURPRLB
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 5.9% | ||
| Q3 25 | 0.1% | 3.0% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.6% | 0.7% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.1% | 3.3% |
现金转化率COURPRLB
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | — | 2.39× | ||
| Q1 25 | — | 5.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.44× | ||
| Q2 24 | — | 3.18× |
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% |
PRLB
| CNC Machining | $63.2M | 45% |
| Injection Molding | $51.1M | 37% |
| 3D Printing | $20.5M | 15% |
| Sheet Metal | $4.4M | 3% |
| Other Revenue | $207.0K | 0% |
