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Coursera, Inc.（COUR）与RESOURCES CONNECTION, INC.（RGP）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RESOURCES CONNECTION, INC.的1.7倍（$196.9M vs $117.7M），RESOURCES CONNECTION, INC.净利率更高（-10.8% vs -13.6%，领先2.9%），Coursera, Inc.同比增速更快（9.9% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $5.4M），过去两年Coursera, Inc.的营收复合增速更高（7.9% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
COUR vs RGP — 直观对比
营收规模更大
COUR
是对方的1.7倍
$117.7M
营收增速更快
COUR
高出29.0%
-19.2%
净利率更高
RGP
高出2.9%
-13.6%
自由现金流更多
RGP
多$10.2M
$5.4M
两年增速更快
COUR
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $117.7M |
| 净利润 | $-26.8M | $-12.7M |
| 毛利率 | 54.2% | 37.1% |
| 营业利润率 | -16.4% | -10.3% |
| 净利率 | -13.6% | -10.8% |
| 营收同比 | 9.9% | -19.2% |
| 净利润同比 | -24.1% | 81.6% |
| 每股收益（稀释后） | $-0.16 | $-0.38 |
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COURRGP
| Q4 25 | $196.9M | $117.7M | ||
| Q3 25 | $194.2M | $120.2M | ||
| Q2 25 | $187.1M | $139.3M | ||
| Q1 25 | $179.3M | $129.4M | ||
| Q4 24 | $179.2M | $145.6M | ||
| Q3 24 | $176.1M | $136.9M | ||
| Q2 24 | $170.3M | $148.2M | ||
| Q1 24 | $169.1M | $151.3M |
净利润COURRGP
| Q4 25 | $-26.8M | $-12.7M | ||
| Q3 25 | $-8.6M | $-2.4M | ||
| Q2 25 | $-7.8M | $-73.3M | ||
| Q1 25 | $-7.8M | $-44.1M | ||
| Q4 24 | $-21.6M | $-68.7M | ||
| Q3 24 | $-13.7M | $-5.7M | ||
| Q2 24 | $-22.9M | $10.5M | ||
| Q1 24 | $-21.3M | $2.5M |
毛利率COURRGP
| Q4 25 | 54.2% | 37.1% | ||
| Q3 25 | 54.6% | 39.5% | ||
| Q2 25 | 54.9% | 40.2% | ||
| Q1 25 | 54.6% | 35.1% | ||
| Q4 24 | 53.3% | 38.5% | ||
| Q3 24 | 54.6% | 36.5% | ||
| Q2 24 | 53.0% | 40.2% | ||
| Q1 24 | 52.9% | 37.0% |
营业利润率COURRGP
| Q4 25 | -16.4% | -10.3% | ||
| Q3 25 | -8.0% | -1.7% | ||
| Q2 25 | -8.1% | -47.0% | ||
| Q1 25 | -8.0% | -38.4% | ||
| Q4 24 | -17.0% | -52.7% | ||
| Q3 24 | -12.3% | -3.5% | ||
| Q2 24 | -18.3% | 7.6% | ||
| Q1 24 | -17.6% | 2.8% |
净利率COURRGP
| Q4 25 | -13.6% | -10.8% | ||
| Q3 25 | -4.4% | -2.0% | ||
| Q2 25 | -4.2% | -52.6% | ||
| Q1 25 | -4.4% | -34.0% | ||
| Q4 24 | -12.1% | -47.2% | ||
| Q3 24 | -7.8% | -4.2% | ||
| Q2 24 | -13.4% | 7.1% | ||
| Q1 24 | -12.6% | 1.7% |
每股收益（稀释后）COURRGP
| Q4 25 | $-0.16 | $-0.38 | ||
| Q3 25 | $-0.05 | $-0.07 | ||
| Q2 25 | $-0.05 | $-2.21 | ||
| Q1 25 | $-0.05 | $-1.34 | ||
| Q4 24 | $-0.13 | $-2.08 | ||
| Q3 24 | $-0.09 | $-0.17 | ||
| Q2 24 | $-0.15 | $0.31 | ||
| Q1 24 | $-0.14 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $635.7M | $194.6M |
| 总资产 | $1.0B | $289.3M |
| 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COURRGP
| Q4 25 | $792.6M | $89.8M | ||
| Q3 25 | $797.7M | $77.5M | ||
| Q2 25 | $775.1M | $86.1M | ||
| Q1 25 | $748.0M | $72.5M | ||
| Q4 24 | $726.1M | $78.2M | ||
| Q3 24 | $719.4M | $89.6M | ||
| Q2 24 | $708.8M | $108.9M | ||
| Q1 24 | $725.4M | $113.8M |
股东权益COURRGP
| Q4 25 | $635.7M | $194.6M | ||
| Q3 25 | $639.5M | $206.4M | ||
| Q2 25 | $627.0M | $207.1M | ||
| Q1 25 | $610.5M | $277.8M | ||
| Q4 24 | $597.4M | $325.7M | ||
| Q3 24 | $593.3M | $407.2M | ||
| Q2 24 | $585.2M | $418.8M | ||
| Q1 24 | $609.1M | $414.9M |
总资产COURRGP
| Q4 25 | $1.0B | $289.3M | ||
| Q3 25 | $995.3M | $287.2M | ||
| Q2 25 | $979.9M | $304.7M | ||
| Q1 25 | $951.2M | $375.6M | ||
| Q4 24 | $930.3M | $424.9M | ||
| Q3 24 | $914.1M | $512.9M | ||
| Q2 24 | $904.4M | $510.9M | ||
| Q1 24 | $916.3M | $523.2M |
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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | $15.6M |
| 自由现金流率自由现金流/营收 | 2.7% | 13.2% |
| 资本支出强度资本支出/营收 | 0.2% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
经营现金流COURRGP
| Q4 25 | $5.8M | $15.9M | ||
| Q3 25 | $33.9M | $-7.8M | ||
| Q2 25 | $35.5M | $16.8M | ||
| Q1 25 | $33.5M | $659.0K | ||
| Q4 24 | $19.2M | $1.8M | ||
| Q3 24 | $27.9M | $-309.0K | ||
| Q2 24 | $23.8M | $3.2M | ||
| Q1 24 | $24.5M | $20.5M |
自由现金流COURRGP
| Q4 25 | $5.4M | $15.6M | ||
| Q3 25 | $33.7M | $-8.0M | ||
| Q2 25 | $35.1M | $16.5M | ||
| Q1 25 | $33.0M | $238.0K | ||
| Q4 24 | $18.1M | $61.0K | ||
| Q3 24 | $27.7M | $-575.0K | ||
| Q2 24 | $23.6M | $3.0M | ||
| Q1 24 | $24.4M | $20.4M |
自由现金流率COURRGP
| Q4 25 | 2.7% | 13.2% | ||
| Q3 25 | 17.4% | -6.6% | ||
| Q2 25 | 18.8% | 11.8% | ||
| Q1 25 | 18.4% | 0.2% | ||
| Q4 24 | 10.1% | 0.0% | ||
| Q3 24 | 15.7% | -0.4% | ||
| Q2 24 | 13.9% | 2.1% | ||
| Q1 24 | 14.4% | 13.5% |
资本支出强度COURRGP
| Q4 25 | 0.2% | 0.3% | ||
| Q3 25 | 0.1% | 0.1% | ||
| Q2 25 | 0.2% | 0.2% | ||
| Q1 25 | 0.3% | 0.3% | ||
| Q4 24 | 0.6% | 1.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.1% | 0.1% | ||
| Q1 24 | 0.1% | 0.1% |
现金转化率COURRGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
