vs
null（SWIM）与Udemy, Inc.（UDMY）财务数据对比。点击上方公司名可切换其他公司
Udemy, Inc.的季度营收约是null的1.9倍（$194.0M vs $100.0M），Udemy, Inc.净利率更高（-1.2% vs -7.0%，领先5.8%），null同比增速更快（14.5% vs -3.0%），Udemy, Inc.自由现金流更多（$15.0M vs $14.1M），过去两年Udemy, Inc.的营收复合增速更高（-0.7% vs -4.9%）
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。
Udemy是一家总部位于美国的教育科技企业，2010年成立，最初定位为大规模开放在线课程提供商，目前核心办公地点位于加州旧金山，在美、澳、印、爱、墨、土多国均设有分支机构。它主打在线教育平台，支持用户自主创建并分享课程，平台课程以按需点播的视频内容为主，截至2025年初已拥有数百万个人用户。
SWIM vs UDMY — 直观对比
营收规模更大
UDMY
是对方的1.9倍
$100.0M
营收增速更快
SWIM
高出17.5%
-3.0%
净利率更高
UDMY
高出5.8%
-7.0%
自由现金流更多
UDMY
多$909.0K
$14.1M
两年增速更快
UDMY
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $194.0M |
| 净利润 | $-7.0M | $-2.3M |
| 毛利率 | 28.0% | 66.0% |
| 营业利润率 | -10.7% | -1.8% |
| 净利率 | -7.0% | -1.2% |
| 营收同比 | 14.5% | -3.0% |
| 净利润同比 | 76.0% | 76.4% |
| 每股收益（稀释后） | $-0.06 | $-0.01 |
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SWIMUDMY
| Q4 25 | $100.0M | $194.0M | ||
| Q3 25 | $161.9M | $195.7M | ||
| Q2 25 | $172.6M | $199.9M | ||
| Q1 25 | $111.4M | $200.3M | ||
| Q4 24 | $87.3M | $199.9M | ||
| Q3 24 | $150.5M | $195.4M | ||
| Q2 24 | $160.1M | $194.4M | ||
| Q1 24 | $110.6M | $196.8M |
净利润SWIMUDMY
| Q4 25 | $-7.0M | $-2.3M | ||
| Q3 25 | $8.1M | $1.6M | ||
| Q2 25 | $16.0M | $6.3M | ||
| Q1 25 | $-6.0M | $-1.8M | ||
| Q4 24 | $-29.2M | $-9.9M | ||
| Q3 24 | $5.9M | $-25.3M | ||
| Q2 24 | $13.3M | $-31.8M | ||
| Q1 24 | $-7.9M | $-18.3M |
毛利率SWIMUDMY
| Q4 25 | 28.0% | 66.0% | ||
| Q3 25 | 35.4% | 65.9% | ||
| Q2 25 | 37.1% | 66.1% | ||
| Q1 25 | 29.5% | 64.6% | ||
| Q4 24 | 24.6% | 63.6% | ||
| Q3 24 | 32.4% | 63.0% | ||
| Q2 24 | 33.1% | 62.3% | ||
| Q1 24 | 27.7% | 61.2% |
营业利润率SWIMUDMY
| Q4 25 | -10.7% | -1.8% | ||
| Q3 25 | 13.3% | -0.1% | ||
| Q2 25 | 14.3% | 2.0% | ||
| Q1 25 | -4.4% | -2.2% | ||
| Q4 24 | -14.9% | -5.8% | ||
| Q3 24 | 8.9% | -15.1% | ||
| Q2 24 | 12.5% | -13.1% | ||
| Q1 24 | -1.9% | -11.5% |
净利率SWIMUDMY
| Q4 25 | -7.0% | -1.2% | ||
| Q3 25 | 5.0% | 0.8% | ||
| Q2 25 | 9.3% | 3.1% | ||
| Q1 25 | -5.4% | -0.9% | ||
| Q4 24 | -33.4% | -4.9% | ||
| Q3 24 | 3.9% | -12.9% | ||
| Q2 24 | 8.3% | -16.4% | ||
| Q1 24 | -7.1% | -9.3% |
每股收益（稀释后）SWIMUDMY
| Q4 25 | $-0.06 | $-0.01 | ||
| Q3 25 | $0.07 | $0.01 | ||
| Q2 25 | $0.13 | $0.04 | ||
| Q1 25 | $-0.05 | $-0.01 | ||
| Q4 24 | $-0.24 | $-0.06 | ||
| Q3 24 | $0.05 | $-0.17 | ||
| Q2 24 | $0.11 | $-0.21 | ||
| Q1 24 | $-0.07 | $-0.12 |
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 | — | $358.7M |
| 总债务越低越好 | $279.8M | — |
| 股东权益账面价值 | $405.9M | $210.5M |
| 总资产 | $823.2M | $617.7M |
| 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SWIMUDMY
| Q4 25 | — | $358.7M | ||
| Q3 25 | — | $371.2M | ||
| Q2 25 | — | $392.0M | ||
| Q1 25 | — | $357.0M | ||
| Q4 24 | — | $354.4M | ||
| Q3 24 | — | $357.1M | ||
| Q2 24 | — | $420.9M | ||
| Q1 24 | — | $430.7M |
总债务SWIMUDMY
| 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SWIMUDMY
| Q4 25 | $405.9M | $210.5M | ||
| Q3 25 | $408.4M | $221.8M | ||
| Q2 25 | $398.4M | $233.4M | ||
| Q1 25 | $381.1M | $209.4M | ||
| Q4 24 | $387.2M | $197.4M | ||
| Q3 24 | $416.6M | $196.3M | ||
| Q2 24 | $408.1M | $252.3M | ||
| Q1 24 | $391.8M | $296.5M |
总资产SWIMUDMY
| Q4 25 | $823.2M | $617.7M | ||
| Q3 25 | $844.4M | $618.9M | ||
| Q2 25 | $822.1M | $644.0M | ||
| Q1 25 | $824.6M | $639.0M | ||
| Q4 24 | $794.2M | $605.6M | ||
| Q3 24 | $853.4M | $608.9M | ||
| Q2 24 | $830.0M | $671.9M | ||
| Q1 24 | $808.6M | $708.5M |
负债/权益比SWIMUDMY
| 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 | $23.3M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $14.1M | $15.0M |
| 自由现金流率自由现金流/营收 | 14.1% | 7.7% |
| 资本支出强度资本支出/营收 | 9.2% | 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 | $38.0M | $81.9M |
8季度趋势，按日历期对齐
经营现金流SWIMUDMY
| Q4 25 | $23.3M | $15.5M | ||
| Q3 25 | $51.0M | $15.7M | ||
| Q2 25 | $36.0M | $44.2M | ||
| Q1 25 | $-46.9M | $12.2M | ||
| Q4 24 | $6.2M | $9.6M | ||
| Q3 24 | $37.2M | $-6.1M | ||
| Q2 24 | $52.4M | $28.6M | ||
| Q1 24 | $-34.5M | $21.0M |
自由现金流SWIMUDMY
| Q4 25 | $14.1M | $15.0M | ||
| Q3 25 | $45.2M | $15.1M | ||
| Q2 25 | $29.1M | $41.9M | ||
| Q1 25 | $-50.3M | $9.8M | ||
| Q4 24 | $-98.0K | $8.4M | ||
| Q3 24 | $33.2M | $-6.7M | ||
| Q2 24 | $47.9M | $28.2M | ||
| Q1 24 | $-39.9M | $20.8M |
自由现金流率SWIMUDMY
| Q4 25 | 14.1% | 7.7% | ||
| Q3 25 | 27.9% | 7.7% | ||
| Q2 25 | 16.8% | 21.0% | ||
| Q1 25 | -45.2% | 4.9% | ||
| Q4 24 | -0.1% | 4.2% | ||
| Q3 24 | 22.1% | -3.4% | ||
| Q2 24 | 29.9% | 14.5% | ||
| Q1 24 | -36.0% | 10.6% |
资本支出强度SWIMUDMY
| Q4 25 | 9.2% | 0.3% | ||
| Q3 25 | 3.6% | 0.3% | ||
| Q2 25 | 4.0% | 1.1% | ||
| Q1 25 | 3.1% | 1.2% | ||
| Q4 24 | 7.2% | 0.6% | ||
| Q3 24 | 2.7% | 0.3% | ||
| Q2 24 | 2.8% | 0.2% | ||
| Q1 24 | 4.8% | 0.1% |
现金转化率SWIMUDMY
| Q4 25 | — | — | ||
| Q3 25 | 6.29× | 9.58× | ||
| Q2 25 | 2.25× | 7.06× | ||
| 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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
UDMY
暂无分部数据
