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Coursera, Inc.（COUR）与ROYAL GOLD INC（RGLD）财务数据对比。点击上方公司名可切换其他公司
ROYAL GOLD INC的季度营收约是Coursera, Inc.的1.9倍（$375.3M vs $196.9M），ROYAL GOLD INC净利率更高（24.9% vs -13.6%，领先38.6%），ROYAL GOLD INC同比增速更快（85.3% vs 9.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% 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。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
COUR vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.9倍
$196.9M
营收增速更快
RGLD
高出75.4%
9.9%
净利率更高
RGLD
高出38.6%
-13.6%
两年增速更快
RGLD
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $375.3M |
| 净利润 | $-26.8M | $93.6M |
| 毛利率 | 54.2% | 64.6% |
| 营业利润率 | -16.4% | 56.2% |
| 净利率 | -13.6% | 24.9% |
| 营收同比 | 9.9% | 85.3% |
| 净利润同比 | -24.1% | -12.8% |
| 每股收益（稀释后） | $-0.16 | $1.04 |
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COURRGLD
| Q4 25 | $196.9M | $375.3M | ||
| Q3 25 | $194.2M | $252.1M | ||
| Q2 25 | $187.1M | $209.6M | ||
| Q1 25 | $179.3M | $193.4M | ||
| Q4 24 | $179.2M | $202.6M | ||
| Q3 24 | $176.1M | $193.8M | ||
| Q2 24 | $170.3M | $174.1M | ||
| Q1 24 | $169.1M | $148.9M |
净利润COURRGLD
| Q4 25 | $-26.8M | $93.6M | ||
| Q3 25 | $-8.6M | $126.8M | ||
| Q2 25 | $-7.8M | $132.3M | ||
| Q1 25 | $-7.8M | $113.5M | ||
| Q4 24 | $-21.6M | $107.4M | ||
| Q3 24 | $-13.7M | $96.2M | ||
| Q2 24 | $-22.9M | $81.2M | ||
| Q1 24 | $-21.3M | $47.2M |
毛利率COURRGLD
| Q4 25 | 54.2% | 64.6% | ||
| Q3 25 | 54.6% | 73.6% | ||
| Q2 25 | 54.9% | 72.6% | ||
| Q1 25 | 54.6% | 69.4% | ||
| Q4 24 | 53.3% | 70.3% | ||
| Q3 24 | 54.6% | 66.6% | ||
| Q2 24 | 53.0% | 64.7% | ||
| Q1 24 | 52.9% | 58.4% |
营业利润率COURRGLD
| Q4 25 | -16.4% | 56.2% | ||
| Q3 25 | -8.0% | 64.4% | ||
| Q2 25 | -8.1% | 67.7% | ||
| Q1 25 | -8.0% | 63.6% | ||
| Q4 24 | -17.0% | 65.9% | ||
| Q3 24 | -12.3% | 61.3% | ||
| Q2 24 | -18.3% | 58.6% | ||
| Q1 24 | -17.6% | 50.7% |
净利率COURRGLD
| Q4 25 | -13.6% | 24.9% | ||
| Q3 25 | -4.4% | 50.3% | ||
| Q2 25 | -4.2% | 63.1% | ||
| Q1 25 | -4.4% | 58.7% | ||
| Q4 24 | -12.1% | 53.0% | ||
| Q3 24 | -7.8% | 49.7% | ||
| Q2 24 | -13.4% | 46.6% | ||
| Q1 24 | -12.6% | 31.7% |
每股收益（稀释后）COURRGLD
| Q4 25 | $-0.16 | $1.04 | ||
| Q3 25 | $-0.05 | $1.92 | ||
| Q2 25 | $-0.05 | $2.01 | ||
| Q1 25 | $-0.05 | $1.72 | ||
| Q4 24 | $-0.13 | $1.63 | ||
| Q3 24 | $-0.09 | $1.46 | ||
| Q2 24 | $-0.15 | $1.23 | ||
| Q1 24 | $-0.14 | $0.72 |
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 | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $635.7M | $7.2B |
| 总资产 | $1.0B | $9.5B |
| 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COURRGLD
| Q4 25 | $792.6M | $233.7M | ||
| Q3 25 | $797.7M | $172.8M | ||
| Q2 25 | $775.1M | $248.2M | ||
| Q1 25 | $748.0M | $240.8M | ||
| Q4 24 | $726.1M | $195.5M | ||
| Q3 24 | $719.4M | $127.9M | ||
| Q2 24 | $708.8M | $74.2M | ||
| Q1 24 | $725.4M | $137.9M |
总债务COURRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益COURRGLD
| Q4 25 | $635.7M | $7.2B | ||
| Q3 25 | $639.5M | $3.4B | ||
| Q2 25 | $627.0M | $3.3B | ||
| Q1 25 | $610.5M | $3.2B | ||
| Q4 24 | $597.4M | $3.1B | ||
| Q3 24 | $593.3M | $3.0B | ||
| Q2 24 | $585.2M | $3.0B | ||
| Q1 24 | $609.1M | $2.9B |
总资产COURRGLD
| Q4 25 | $1.0B | $9.5B | ||
| Q3 25 | $995.3M | $4.5B | ||
| Q2 25 | $979.9M | $3.6B | ||
| Q1 25 | $951.2M | $3.5B | ||
| Q4 24 | $930.3M | $3.4B | ||
| Q3 24 | $914.1M | $3.3B | ||
| Q2 24 | $904.4M | $3.3B | ||
| Q1 24 | $916.3M | $3.3B |
负债/权益比COURRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | — |
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 | $241.7M |
| 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 | — | 2.58× |
| 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COURRGLD
| Q4 25 | $5.8M | $241.7M | ||
| Q3 25 | $33.9M | $174.0M | ||
| Q2 25 | $35.5M | $152.8M | ||
| Q1 25 | $33.5M | $136.4M | ||
| Q4 24 | $19.2M | $141.1M | ||
| Q3 24 | $27.9M | $136.7M | ||
| Q2 24 | $23.8M | $113.5M | ||
| Q1 24 | $24.5M | $138.3M |
自由现金流COURRGLD
| Q4 25 | $5.4M | — | ||
| Q3 25 | $33.7M | — | ||
| Q2 25 | $35.1M | — | ||
| Q1 25 | $33.0M | — | ||
| Q4 24 | $18.1M | — | ||
| Q3 24 | $27.7M | — | ||
| Q2 24 | $23.6M | — | ||
| Q1 24 | $24.4M | — |
自由现金流率COURRGLD
| Q4 25 | 2.7% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 18.8% | — | ||
| Q1 25 | 18.4% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 15.7% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 14.4% | — |
资本支出强度COURRGLD
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
现金转化率COURRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 2.93× |
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% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
