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Coursera, Inc.（COUR）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是Coursera, Inc.的2.3倍（$461.6M vs $196.9M），Coursera, Inc.同比增速更快（9.9% vs -4.1%），过去两年Coursera, Inc.的营收复合增速更高（7.9% vs -10.7%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
COUR vs SAM — 直观对比
营收规模更大
SAM
是对方的2.3倍
$196.9M
营收增速更快
COUR
高出14.0%
-4.1%
两年增速更快
COUR
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $461.6M |
| 净利润 | $-26.8M | — |
| 毛利率 | 54.2% | 46.4% |
| 营业利润率 | -16.4% | 12.4% |
| 净利率 | -13.6% | — |
| 营收同比 | 9.9% | -4.1% |
| 净利润同比 | -24.1% | — |
| 每股收益（稀释后） | $-0.16 | $2.16 |
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COURSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $196.9M | $385.7M | ||
| Q3 25 | $194.2M | $537.5M | ||
| Q2 25 | $187.1M | $587.9M | ||
| Q1 25 | $179.3M | $453.9M | ||
| Q4 24 | $179.2M | $402.3M | ||
| Q3 24 | $176.1M | $605.5M | ||
| Q2 24 | $170.3M | $579.1M |
净利润COURSAM
| Q1 26 | — | — | ||
| Q4 25 | $-26.8M | $-22.5M | ||
| Q3 25 | $-8.6M | $46.2M | ||
| Q2 25 | $-7.8M | $60.4M | ||
| Q1 25 | $-7.8M | $24.4M | ||
| Q4 24 | $-21.6M | $-38.8M | ||
| Q3 24 | $-13.7M | $33.5M | ||
| Q2 24 | $-22.9M | $52.3M |
毛利率COURSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 54.2% | 43.5% | ||
| Q3 25 | 54.6% | 50.8% | ||
| Q2 25 | 54.9% | 49.8% | ||
| Q1 25 | 54.6% | 48.3% | ||
| Q4 24 | 53.3% | 39.9% | ||
| Q3 24 | 54.6% | 46.3% | ||
| Q2 24 | 53.0% | 46.0% |
营业利润率COURSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | -16.4% | -8.6% | ||
| Q3 25 | -8.0% | 11.5% | ||
| Q2 25 | -8.1% | 14.0% | ||
| Q1 25 | -8.0% | 7.4% | ||
| Q4 24 | -17.0% | -13.9% | ||
| Q3 24 | -12.3% | 7.6% | ||
| Q2 24 | -18.3% | 12.2% |
净利率COURSAM
| Q1 26 | — | — | ||
| Q4 25 | -13.6% | -5.8% | ||
| Q3 25 | -4.4% | 8.6% | ||
| Q2 25 | -4.2% | 10.3% | ||
| Q1 25 | -4.4% | 5.4% | ||
| Q4 24 | -12.1% | -9.6% | ||
| Q3 24 | -7.8% | 5.5% | ||
| Q2 24 | -13.4% | 9.0% |
每股收益（稀释后）COURSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.16 | $-1.97 | ||
| Q3 25 | $-0.05 | $4.25 | ||
| Q2 25 | $-0.05 | $5.45 | ||
| Q1 25 | $-0.05 | $2.16 | ||
| Q4 24 | $-0.13 | $-3.23 | ||
| Q3 24 | $-0.09 | $2.86 | ||
| Q2 24 | $-0.15 | $4.39 |
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 | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $635.7M | $682.6M |
| 总资产 | $1.0B | $1.2B |
| 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COURSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $792.6M | $223.4M | ||
| Q3 25 | $797.7M | $250.5M | ||
| Q2 25 | $775.1M | $212.4M | ||
| Q1 25 | $748.0M | $152.5M | ||
| Q4 24 | $726.1M | $211.8M | ||
| Q3 24 | $719.4M | $255.6M | ||
| Q2 24 | $708.8M | $219.3M |
股东权益COURSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $635.7M | $846.3M | ||
| Q3 25 | $639.5M | $911.0M | ||
| Q2 25 | $627.0M | $912.3M | ||
| Q1 25 | $610.5M | $897.0M | ||
| Q4 24 | $597.4M | $916.2M | ||
| Q3 24 | $593.3M | $1.0B | ||
| Q2 24 | $585.2M | $1.0B |
总资产COURSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $995.3M | $1.2B | ||
| Q2 25 | $979.9M | $1.3B | ||
| Q1 25 | $951.2M | $1.2B | ||
| Q4 24 | $930.3M | $1.3B | ||
| Q3 24 | $914.1M | $1.4B | ||
| Q2 24 | $904.4M | $1.4B |
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 | — |
| 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 | — | — |
| 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COURSAM
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | $39.9M | ||
| Q3 25 | $33.9M | $101.8M | ||
| Q2 25 | $35.5M | $126.5M | ||
| Q1 25 | $33.5M | $1.9M | ||
| Q4 24 | $19.2M | $41.9M | ||
| Q3 24 | $27.9M | $115.9M | ||
| Q2 24 | $23.8M | $96.0M |
自由现金流COURSAM
| Q1 26 | — | — | ||
| Q4 25 | $5.4M | $22.1M | ||
| Q3 25 | $33.7M | $89.2M | ||
| Q2 25 | $35.1M | $112.2M | ||
| Q1 25 | $33.0M | $-8.0M | ||
| Q4 24 | $18.1M | $18.4M | ||
| Q3 24 | $27.7M | $99.2M | ||
| Q2 24 | $23.6M | $75.6M |
自由现金流率COURSAM
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 5.7% | ||
| Q3 25 | 17.4% | 16.6% | ||
| Q2 25 | 18.8% | 19.1% | ||
| Q1 25 | 18.4% | -1.8% | ||
| Q4 24 | 10.1% | 4.6% | ||
| Q3 24 | 15.7% | 16.4% | ||
| Q2 24 | 13.9% | 13.1% |
资本支出强度COURSAM
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 4.6% | ||
| Q3 25 | 0.1% | 2.3% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.6% | 5.8% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.1% | 3.5% |
现金转化率COURSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 1.83× |
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% |
SAM
暂无分部数据
