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Coursera, Inc.（COUR）与null（SWIM）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null的2.0倍（$196.9M vs $100.0M），null净利率更高（-7.0% vs -13.6%，领先6.6%），null同比增速更快（14.5% vs 9.9%），null自由现金流更多（$14.1M vs $5.4M），过去两年Coursera, Inc.的营收复合增速更高（7.9% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
COUR vs SWIM — 直观对比
营收规模更大
COUR
是对方的2.0倍
$100.0M
营收增速更快
SWIM
高出4.6%
9.9%
净利率更高
SWIM
高出6.6%
-13.6%
自由现金流更多
SWIM
多$8.7M
$5.4M
两年增速更快
COUR
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $100.0M |
| 净利润 | $-26.8M | $-7.0M |
| 毛利率 | 54.2% | 28.0% |
| 营业利润率 | -16.4% | -10.7% |
| 净利率 | -13.6% | -7.0% |
| 营收同比 | 9.9% | 14.5% |
| 净利润同比 | -24.1% | 76.0% |
| 每股收益（稀释后） | $-0.16 | $-0.06 |
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COURSWIM
| Q4 25 | $196.9M | $100.0M | ||
| Q3 25 | $194.2M | $161.9M | ||
| Q2 25 | $187.1M | $172.6M | ||
| Q1 25 | $179.3M | $111.4M | ||
| Q4 24 | $179.2M | $87.3M | ||
| Q3 24 | $176.1M | $150.5M | ||
| Q2 24 | $170.3M | $160.1M | ||
| Q1 24 | $169.1M | $110.6M |
净利润COURSWIM
| Q4 25 | $-26.8M | $-7.0M | ||
| Q3 25 | $-8.6M | $8.1M | ||
| Q2 25 | $-7.8M | $16.0M | ||
| Q1 25 | $-7.8M | $-6.0M | ||
| Q4 24 | $-21.6M | $-29.2M | ||
| Q3 24 | $-13.7M | $5.9M | ||
| Q2 24 | $-22.9M | $13.3M | ||
| Q1 24 | $-21.3M | $-7.9M |
毛利率COURSWIM
| Q4 25 | 54.2% | 28.0% | ||
| Q3 25 | 54.6% | 35.4% | ||
| Q2 25 | 54.9% | 37.1% | ||
| Q1 25 | 54.6% | 29.5% | ||
| Q4 24 | 53.3% | 24.6% | ||
| Q3 24 | 54.6% | 32.4% | ||
| Q2 24 | 53.0% | 33.1% | ||
| Q1 24 | 52.9% | 27.7% |
营业利润率COURSWIM
| Q4 25 | -16.4% | -10.7% | ||
| Q3 25 | -8.0% | 13.3% | ||
| Q2 25 | -8.1% | 14.3% | ||
| Q1 25 | -8.0% | -4.4% | ||
| Q4 24 | -17.0% | -14.9% | ||
| Q3 24 | -12.3% | 8.9% | ||
| Q2 24 | -18.3% | 12.5% | ||
| Q1 24 | -17.6% | -1.9% |
净利率COURSWIM
| Q4 25 | -13.6% | -7.0% | ||
| Q3 25 | -4.4% | 5.0% | ||
| Q2 25 | -4.2% | 9.3% | ||
| Q1 25 | -4.4% | -5.4% | ||
| Q4 24 | -12.1% | -33.4% | ||
| Q3 24 | -7.8% | 3.9% | ||
| Q2 24 | -13.4% | 8.3% | ||
| Q1 24 | -12.6% | -7.1% |
每股收益（稀释后）COURSWIM
| Q4 25 | $-0.16 | $-0.06 | ||
| Q3 25 | $-0.05 | $0.07 | ||
| Q2 25 | $-0.05 | $0.13 | ||
| Q1 25 | $-0.05 | $-0.05 | ||
| Q4 24 | $-0.13 | $-0.24 | ||
| Q3 24 | $-0.09 | $0.05 | ||
| Q2 24 | $-0.15 | $0.11 | ||
| Q1 24 | $-0.14 | $-0.07 |
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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $635.7M | $405.9M |
| 总资产 | $1.0B | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资COURSWIM
| Q4 25 | $792.6M | — | ||
| Q3 25 | $797.7M | — | ||
| Q2 25 | $775.1M | — | ||
| Q1 25 | $748.0M | — | ||
| Q4 24 | $726.1M | — | ||
| Q3 24 | $719.4M | — | ||
| Q2 24 | $708.8M | — | ||
| Q1 24 | $725.4M | — |
总债务COURSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益COURSWIM
| Q4 25 | $635.7M | $405.9M | ||
| Q3 25 | $639.5M | $408.4M | ||
| Q2 25 | $627.0M | $398.4M | ||
| Q1 25 | $610.5M | $381.1M | ||
| Q4 24 | $597.4M | $387.2M | ||
| Q3 24 | $593.3M | $416.6M | ||
| Q2 24 | $585.2M | $408.1M | ||
| Q1 24 | $609.1M | $391.8M |
总资产COURSWIM
| Q4 25 | $1.0B | $823.2M | ||
| Q3 25 | $995.3M | $844.4M | ||
| Q2 25 | $979.9M | $822.1M | ||
| Q1 25 | $951.2M | $824.6M | ||
| Q4 24 | $930.3M | $794.2M | ||
| Q3 24 | $914.1M | $853.4M | ||
| Q2 24 | $904.4M | $830.0M | ||
| Q1 24 | $916.3M | $808.6M |
负债/权益比COURSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | $14.1M |
| 自由现金流率自由现金流/营收 | 2.7% | 14.1% |
| 资本支出强度资本支出/营收 | 0.2% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流COURSWIM
| Q4 25 | $5.8M | $23.3M | ||
| Q3 25 | $33.9M | $51.0M | ||
| Q2 25 | $35.5M | $36.0M | ||
| Q1 25 | $33.5M | $-46.9M | ||
| Q4 24 | $19.2M | $6.2M | ||
| Q3 24 | $27.9M | $37.2M | ||
| Q2 24 | $23.8M | $52.4M | ||
| Q1 24 | $24.5M | $-34.5M |
自由现金流COURSWIM
| Q4 25 | $5.4M | $14.1M | ||
| Q3 25 | $33.7M | $45.2M | ||
| Q2 25 | $35.1M | $29.1M | ||
| Q1 25 | $33.0M | $-50.3M | ||
| Q4 24 | $18.1M | $-98.0K | ||
| Q3 24 | $27.7M | $33.2M | ||
| Q2 24 | $23.6M | $47.9M | ||
| Q1 24 | $24.4M | $-39.9M |
自由现金流率COURSWIM
| Q4 25 | 2.7% | 14.1% | ||
| Q3 25 | 17.4% | 27.9% | ||
| Q2 25 | 18.8% | 16.8% | ||
| Q1 25 | 18.4% | -45.2% | ||
| Q4 24 | 10.1% | -0.1% | ||
| Q3 24 | 15.7% | 22.1% | ||
| Q2 24 | 13.9% | 29.9% | ||
| Q1 24 | 14.4% | -36.0% |
资本支出强度COURSWIM
| Q4 25 | 0.2% | 9.2% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | 0.2% | 4.0% | ||
| Q1 25 | 0.3% | 3.1% | ||
| Q4 24 | 0.6% | 7.2% | ||
| Q3 24 | 0.1% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.1% | 4.8% |
现金转化率COURSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
