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Coursera IncCOURCompetitor analysis, valuation and peers

United States · USD·Consumer Discretionary›Miscellaneous Commercial Services

Online learning platform offering courses, certificates and degrees from universities and companies to individual and enterprise learners.

Momentum laggard 10
Mkt cap
$989M
US dollars, full cap
Free float
87%
of shares outstanding
$/day
$36.0M
20-day average traded
Fwd P/E
6.4×
forward earnings
ROIC−WACC
-21.7 pp
WACC 11.1%
Hurdle
n/a
no reverse DCF
Next earnings
97 days
11 Feb 2027
Close · USD$3.74
1D-0.3%
1W+7.8%
1M-29.0%
3M-35.1%
6M-35.3%
YTD-49.2%
1Y-53.9%
ATR %7.5%
Beta0.66
52w lowhigh57.9% off high

What Coursera does

Online learning platform offering courses, certificates and degrees from universities and companies to individual and enterprise learners.

Earns from three payers: individuals who subscribe or buy certificates, the largest line; employers and governments that buy seats for staff; and universities whose degree programmes it hosts in return for a share of tuition. Partners who provide the content share in what learners pay.

Products and services

  • Consumer courses/certificates
  • Coursera for Business (enterprise learning)
  • Coursera for Campus (degree programs)

Customers

  • Individual learners
  • Enterprises (employee upskilling)
  • Universities (degree partners)

Where it sits in the supply chain

  • Education/consumer tech
  • Online education platform (MOOC)
  • Courses, professional certificates…

What could go right

  • Corporate reskilling/upskilling demand
  • AI-skills course demand growth

What could go wrong

  • Free/low-cost online learning competition
  • Profitability/path-to-scale risk

Moat: narrow (network effects, brand, scale). Large content library from top university/company partners and brand recognition create a two-sided platform effect.

Headquarters: Mountain View, California · Founded: 2012 · Employees: 1,307

Named competitors

Coursera at a glance

Size Coursera (COUR) is a United States Consumer Discretionary company (Miscellaneous Commercial Services) with a market value of $989M, the 2255th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.74 on 6 Nov 2026.

Performance Over six months the shares fell 35.3%, against -15.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 7 in its peer set.

Growth Revenue grew 44.4% over the last twelve months (peer median +8.1%); the operating margin is -3.5% (peer median 8.1%).

Valuation It trades at 6.4× forward earnings against a peer median of 14.9× (2nd cheapest of 7).

Capital Return on invested capital runs 21.7 points below its cost of capital (11.1% WACC).

Short interest Short interest is 9.0% of the free float (15 Oct 2026).

Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010012011 May 202611 Aug 20266 Nov 2026Peer median 87COUR 66
Six months, rebased to 100: Coursera against the median of its 6 peers (local-currency closes).

Coursera financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.07B$758M$695M$636M$524M
Revenue growth—+9%+9%+21%—
Gross profit$609M$415M$371M$330M$331M
EBITDA$33.9M-$33.8M-$68.8M-$129M-$149M
Net income-$153M-$51.0M-$79.5M-$117M-$175M
Free cash flow-$10.7M$89.1M$76.6M$13.2M-$51.9M
Capital expenditure$26.8M$30.2M$36.1M$21.7M$15.3M
Total debtn/a$5.70M$3.06M$6.60M$14.4M

Quarterly statements and history in the cockpit →

Coursera competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-30%-25%-20%-15%UTILINCGOTUMHBFAMLOPECOUR6-month return →1-month return →
Up and to the right = strong over both horizons. Coursera is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×200×400×UTILINCGOTUMHBFAMLOPECOURRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Coursera is the large dot.

Coursera competitors and peer comparison

Head to head with its named competitors (COUR vs MSFT)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Coursera COUR$989M-35%+44%-4%6.4×n/a
Microsoft MSFT$3.94T+28%+18%47%25.5×17.2%

How Coursera compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Coursera against its 6 peers (data as of 6 Nov 2026)
MeasureCOURPeer medianRank in peer set
1-month return-29.0%-20.5%lowest of 7
6-month return-35.3%-15.9%2nd lowest of 7
Distance from 52-week high-57.9%-37.5%2nd lowest of 7
Revenue growth (TTM)+44.4%+8.1%highest of 7
Operating margin-3.5%8.1%2nd lowest of 7
Forward P/E6.4×14.9×2nd cheapest of 7
ROIC minus cost of capital-21.7 pp+1.4 pplowest of 6
Net debt / EBITDA-23.2×3.0×least indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Coursera COURUnited States$989M-35%+44%-4%6.4×n/an/a
Universal Technical Institute UTIUnited States$1.10B+49%+9%5%30.1×n/an/a
Lincoln Educational Services LINCUnited States$560M-61%+22%6%18.7×13.1%+12.1%
Gaotu Techedu, Inc. Sponsored ADR GOTUUnited States$552M+18%+25%-7%386.9×-11.9%-3.7%
McGraw Hill MHUnited States$2.08B-8%0%16%5.6×-5.6%+2.6%
Bright Horizons Family Solutions BFAMUnited States$2.57B-24%+7%10%9.8×5.0%+14.1%
Grand Canyon Education LOPEUnited States$3.07B-29%+7%28%11.1×-7.3%+5.6%

Questions

Who are Coursera's main competitors?
Named competitors: Udemy (private or unlisted), LinkedIn Learning (Microsoft) (MSFT). The cockpit's measured peer set (industry) also includes Universal Technical Institute (UTI), Lincoln Educational Services (LINC), Gaotu Techedu, Inc. Sponsored ADR (GOTU), McGraw Hill (MH), Bright Horizons Family Solutions (BFAM), Grand Canyon Education (LOPE).
Is Coursera expensive compared with its peers?
On forward p/e it trades at 6.4× against a peer median of 14.9×, 2nd cheapest of 7 in its peer set.
How has Coursera stock performed?
Over six months to 6 Nov 2026 the shares returned -35.3% against -15.9% for the median peer; over one year -53.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.