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Coursera, Inc.（COUR）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.1倍（$196.9M vs $179.7M），Coursera, Inc.净利率更高（-13.6% vs -29.5%，领先15.8%），Rocket Lab Corp同比增速更快（35.7% vs 9.9%），Coursera, Inc.自由现金流更多（$5.4M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
COUR vs RKLB — 直观对比
营收规模更大
COUR
是对方的1.1倍
$179.7M
营收增速更快
RKLB
高出25.8%
9.9%
净利率更高
COUR
高出15.8%
-29.5%
自由现金流更多
COUR
多$119.6M
$-114.2M
两年增速更快
RKLB
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $179.7M |
| 净利润 | $-26.8M | $-52.9M |
| 毛利率 | 54.2% | 38.0% |
| 营业利润率 | -16.4% | -28.4% |
| 净利率 | -13.6% | -29.5% |
| 营收同比 | 9.9% | 35.7% |
| 净利润同比 | -24.1% | -1.1% |
| 每股收益（稀释后） | $-0.16 | $-0.09 |
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COURRKLB
| Q4 25 | $196.9M | $179.7M | ||
| Q3 25 | $194.2M | $155.1M | ||
| Q2 25 | $187.1M | $144.5M | ||
| Q1 25 | $179.3M | $122.6M | ||
| Q4 24 | $179.2M | $132.4M | ||
| Q3 24 | $176.1M | $104.8M | ||
| Q2 24 | $170.3M | $106.3M | ||
| Q1 24 | $169.1M | $92.8M |
净利润COURRKLB
| Q4 25 | $-26.8M | $-52.9M | ||
| Q3 25 | $-8.6M | $-18.3M | ||
| Q2 25 | $-7.8M | $-66.4M | ||
| Q1 25 | $-7.8M | $-60.6M | ||
| Q4 24 | $-21.6M | $-52.3M | ||
| Q3 24 | $-13.7M | $-51.9M | ||
| Q2 24 | $-22.9M | $-41.6M | ||
| Q1 24 | $-21.3M | $-44.3M |
毛利率COURRKLB
| Q4 25 | 54.2% | 38.0% | ||
| Q3 25 | 54.6% | 37.0% | ||
| Q2 25 | 54.9% | 32.1% | ||
| Q1 25 | 54.6% | 28.8% | ||
| Q4 24 | 53.3% | 27.8% | ||
| Q3 24 | 54.6% | 26.7% | ||
| Q2 24 | 53.0% | 25.6% | ||
| Q1 24 | 52.9% | 26.1% |
营业利润率COURRKLB
| Q4 25 | -16.4% | -28.4% | ||
| Q3 25 | -8.0% | -38.0% | ||
| Q2 25 | -8.1% | -41.3% | ||
| Q1 25 | -8.0% | -48.3% | ||
| Q4 24 | -17.0% | -38.9% | ||
| Q3 24 | -12.3% | -49.5% | ||
| Q2 24 | -18.3% | -40.7% | ||
| Q1 24 | -17.6% | -46.4% |
净利率COURRKLB
| Q4 25 | -13.6% | -29.5% | ||
| Q3 25 | -4.4% | -11.8% | ||
| Q2 25 | -4.2% | -46.0% | ||
| Q1 25 | -4.4% | -49.5% | ||
| Q4 24 | -12.1% | -39.5% | ||
| Q3 24 | -7.8% | -49.6% | ||
| Q2 24 | -13.4% | -39.2% | ||
| Q1 24 | -12.6% | -47.7% |
每股收益（稀释后）COURRKLB
| Q4 25 | $-0.16 | $-0.09 | ||
| Q3 25 | $-0.05 | $-0.03 | ||
| Q2 25 | $-0.05 | $-0.13 | ||
| Q1 25 | $-0.05 | $-0.12 | ||
| Q4 24 | $-0.13 | $-0.11 | ||
| Q3 24 | $-0.09 | $-0.10 | ||
| Q2 24 | $-0.15 | $-0.08 | ||
| Q1 24 | $-0.14 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $635.7M | $1.7B |
| 总资产 | $1.0B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资COURRKLB
| Q4 25 | $792.6M | $1.0B | ||
| Q3 25 | $797.7M | $976.7M | ||
| Q2 25 | $775.1M | $688.1M | ||
| Q1 25 | $748.0M | $428.4M | ||
| Q4 24 | $726.1M | $419.0M | ||
| Q3 24 | $719.4M | $442.4M | ||
| Q2 24 | $708.8M | $496.8M | ||
| Q1 24 | $725.4M | $492.5M |
总债务COURRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益COURRKLB
| Q4 25 | $635.7M | $1.7B | ||
| Q3 25 | $639.5M | $1.3B | ||
| Q2 25 | $627.0M | $688.5M | ||
| Q1 25 | $610.5M | $431.3M | ||
| Q4 24 | $597.4M | $382.5M | ||
| Q3 24 | $593.3M | $419.8M | ||
| Q2 24 | $585.2M | $455.2M | ||
| Q1 24 | $609.1M | $478.9M |
总资产COURRKLB
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $995.3M | $2.2B | ||
| Q2 25 | $979.9M | $1.6B | ||
| Q1 25 | $951.2M | $1.3B | ||
| Q4 24 | $930.3M | $1.2B | ||
| Q3 24 | $914.1M | $1.2B | ||
| Q2 24 | $904.4M | $1.2B | ||
| Q1 24 | $916.3M | $1.2B |
负债/权益比COURRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | $-114.2M |
| 自由现金流率自由现金流/营收 | 2.7% | -63.6% |
| 资本支出强度资本支出/营收 | 0.2% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
经营现金流COURRKLB
| Q4 25 | $5.8M | $-64.5M | ||
| Q3 25 | $33.9M | $-23.5M | ||
| Q2 25 | $35.5M | $-23.2M | ||
| Q1 25 | $33.5M | $-54.2M | ||
| Q4 24 | $19.2M | $-2.4M | ||
| Q3 24 | $27.9M | $-30.9M | ||
| Q2 24 | $23.8M | $-13.0M | ||
| Q1 24 | $24.5M | $-2.6M |
自由现金流COURRKLB
| Q4 25 | $5.4M | $-114.2M | ||
| Q3 25 | $33.7M | $-69.4M | ||
| Q2 25 | $35.1M | $-55.3M | ||
| Q1 25 | $33.0M | $-82.9M | ||
| Q4 24 | $18.1M | $-23.9M | ||
| Q3 24 | $27.7M | $-41.9M | ||
| Q2 24 | $23.6M | $-28.3M | ||
| Q1 24 | $24.4M | $-21.8M |
自由现金流率COURRKLB
| Q4 25 | 2.7% | -63.6% | ||
| Q3 25 | 17.4% | -44.8% | ||
| Q2 25 | 18.8% | -38.3% | ||
| Q1 25 | 18.4% | -67.6% | ||
| Q4 24 | 10.1% | -18.1% | ||
| Q3 24 | 15.7% | -40.0% | ||
| Q2 24 | 13.9% | -26.7% | ||
| Q1 24 | 14.4% | -23.5% |
资本支出强度COURRKLB
| Q4 25 | 0.2% | 27.6% | ||
| Q3 25 | 0.1% | 29.6% | ||
| Q2 25 | 0.2% | 22.2% | ||
| Q1 25 | 0.3% | 23.4% | ||
| Q4 24 | 0.6% | 16.3% | ||
| Q3 24 | 0.1% | 10.5% | ||
| Q2 24 | 0.1% | 14.4% | ||
| Q1 24 | 0.1% | 20.7% |
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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
