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Coursera, Inc.（COUR）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）财务数据对比。点击上方公司名可切换其他公司
VIRTUS INVESTMENT PARTNERS, INC.的季度营收约是Coursera, Inc.的1.0倍（$199.5M vs $196.9M），VIRTUS INVESTMENT PARTNERS, INC.净利率更高（3.6% vs -13.6%，领先17.2%），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 -5.7%）
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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
COUR vs VRTS — 直观对比
营收规模更大
VRTS
是对方的1.0倍
$196.9M
营收增速更快
COUR
高出14.0%
-4.1%
净利率更高
VRTS
高出17.2%
-13.6%
两年增速更快
COUR
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $199.5M |
| 净利润 | $-26.8M | $7.1M |
| 毛利率 | 54.2% | — |
| 营业利润率 | -16.4% | 7.7% |
| 净利率 | -13.6% | 3.6% |
| 营收同比 | 9.9% | -4.1% |
| 净利润同比 | -24.1% | -78.1% |
| 每股收益（稀释后） | $-0.16 | $1.05 |
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COURVRTS
| Q1 26 | — | $199.5M | ||
| Q4 25 | $196.9M | $208.0M | ||
| Q3 25 | $194.2M | $216.4M | ||
| Q2 25 | $187.1M | $210.5M | ||
| Q1 25 | $179.3M | $217.9M | ||
| Q4 24 | $179.2M | $233.5M | ||
| Q3 24 | $176.1M | $227.0M | ||
| Q2 24 | $170.3M | $224.4M |
净利润COURVRTS
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-26.8M | $33.9M | ||
| Q3 25 | $-8.6M | $31.3M | ||
| Q2 25 | $-7.8M | $42.7M | ||
| Q1 25 | $-7.8M | $28.1M | ||
| Q4 24 | $-21.6M | $39.5M | ||
| Q3 24 | $-13.7M | $49.1M | ||
| Q2 24 | $-22.9M | $26.0M |
毛利率COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | 54.2% | — | ||
| Q3 25 | 54.6% | — | ||
| Q2 25 | 54.9% | — | ||
| Q1 25 | 54.6% | — | ||
| Q4 24 | 53.3% | — | ||
| Q3 24 | 54.6% | — | ||
| Q2 24 | 53.0% | — |
营业利润率COURVRTS
| Q1 26 | — | 7.7% | ||
| Q4 25 | -16.4% | 19.1% | ||
| Q3 25 | -8.0% | 21.7% | ||
| Q2 25 | -8.1% | 21.5% | ||
| Q1 25 | -8.0% | 16.8% | ||
| Q4 24 | -17.0% | 21.7% | ||
| Q3 24 | -12.3% | 24.3% | ||
| Q2 24 | -18.3% | 19.7% |
净利率COURVRTS
| Q1 26 | — | 3.6% | ||
| Q4 25 | -13.6% | 16.3% | ||
| Q3 25 | -4.4% | 14.5% | ||
| Q2 25 | -4.2% | 20.3% | ||
| Q1 25 | -4.4% | 12.9% | ||
| Q4 24 | -12.1% | 16.9% | ||
| Q3 24 | -7.8% | 21.6% | ||
| Q2 24 | -13.4% | 11.6% |
每股收益（稀释后）COURVRTS
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.16 | $5.15 | ||
| Q3 25 | $-0.05 | $4.65 | ||
| Q2 25 | $-0.05 | $6.12 | ||
| Q1 25 | $-0.05 | $4.05 | ||
| Q4 24 | $-0.13 | $4.65 | ||
| Q3 24 | $-0.09 | $5.71 | ||
| Q2 24 | $-0.15 | $2.43 |
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 | $136.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $635.7M | $93.6B |
| 总资产 | $1.0B | — |
| 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COURVRTS
| Q1 26 | — | $136.6M | ||
| 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 | — |
总债务COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
股东权益COURVRTS
| Q1 26 | — | $93.6B | ||
| Q4 25 | $635.7M | $934.0M | ||
| Q3 25 | $639.5M | $918.7M | ||
| Q2 25 | $627.0M | $896.4M | ||
| Q1 25 | $610.5M | $893.7M | ||
| Q4 24 | $597.4M | $897.5M | ||
| Q3 24 | $593.3M | $889.0M | ||
| Q2 24 | $585.2M | $868.7M |
总资产COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $4.3B | ||
| Q3 25 | $995.3M | $3.9B | ||
| Q2 25 | $979.9M | $3.7B | ||
| Q1 25 | $951.2M | $3.7B | ||
| Q4 24 | $930.3M | $4.0B | ||
| Q3 24 | $914.1M | $3.6B | ||
| Q2 24 | $904.4M | $3.6B |
负债/权益比COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | $-67.2M | ||
| Q3 25 | $33.9M | $108.3M | ||
| Q2 25 | $35.5M | $75.8M | ||
| Q1 25 | $33.5M | $-3.8M | ||
| Q4 24 | $19.2M | $1.8M | ||
| Q3 24 | $27.9M | $69.1M | ||
| Q2 24 | $23.8M | $70.0M |
自由现金流COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | $5.4M | $-74.1M | ||
| Q3 25 | $33.7M | $106.9M | ||
| Q2 25 | $35.1M | $74.2M | ||
| Q1 25 | $33.0M | $-6.8M | ||
| Q4 24 | $18.1M | $-3.8M | ||
| Q3 24 | $27.7M | $68.7M | ||
| Q2 24 | $23.6M | $68.6M |
自由现金流率COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | -35.6% | ||
| Q3 25 | 17.4% | 49.4% | ||
| Q2 25 | 18.8% | 35.2% | ||
| Q1 25 | 18.4% | -3.1% | ||
| Q4 24 | 10.1% | -1.6% | ||
| Q3 24 | 15.7% | 30.3% | ||
| Q2 24 | 13.9% | 30.6% |
资本支出强度COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.3% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 0.2% | 0.7% | ||
| Q1 25 | 0.3% | 1.4% | ||
| Q4 24 | 0.6% | 2.4% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.1% | 0.6% |
现金转化率COURVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
