Udemy, Inc. UDMY

Competitive advantage analysis · consumer-defensive

Corporate Default
Overall moat score
54/100
Moderate

Ranked against 41 peers in Education & Training Services

About Udemy, Inc.

Udemy, Inc., a learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through Enterprise and Consumer segments. The company offers courses related to technology, business and soft skills, and personal development topics through its platform. It also provides professional services; learning architecture development … Full UDMY analysis →

Key strengths

  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.85), with robust interest coverage.
  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.79), suggesting sticky customer base.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
46
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where UDMY ranks in Education & Training Services

Udemy, Inc. ranks #19 of 42 scored companies in Education & Training Services by moat score — the top 45%. The widest moat in the group is Grand Canyon Education, Inc. (LOPE) at 83/100.

# Company Moat score Rating
15 Lincoln Educational Services Co LINC 60/100 Moderate
16 American Public Education, Inc. APEI 58/100 Moderate
17 Graham Holdings Company GHC 57/100 Moderate
18 Franklin Covey Company FC 54/100 Moderate
19 Udemy, Inc. UDMY 54/100 Moderate
20 Four Seasons Education (Cayman) FEDU 47/100 Developing
21 Coursera, Inc. COUR 46/100 Developing
22 51Talk Online Education Group COE 44/100 Developing
23 Ambow Education Holding Ltd. Am AMBO 41/100 Developing

See every General Corporate company ranked by moat score →

How UDMY scores on the Corporate Default defenses

Pricing Power

Score 46 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 41 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 71 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 30 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 73 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 66 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding UDMY's moat

What is Udemy, Inc.'s moat score?

Udemy, Inc. (UDMY) scores 54 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #19 of 42 scored companies in Education & Training Services, the top 45%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 41 companies in Education & Training Services. Its strongest defense is Resilience (73/100) and its weakest is Capital Efficiency (30/100).

How does Udemy, Inc. compare with other Education & Training Services companies?

Udemy, Inc. ranks #19 of 42 scored companies in Education & Training Services by moat score. The widest moat in Education & Training Services is Grand Canyon Education, Inc. (LOPE) at 82/100. The companies ranked closest are Franklin Covey Company (FC) at 54 just above it and Four Seasons Education (Cayman) (FEDU) at 47 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 41 companies in Education & Training Services. The defenses are then weighted to produce the overall score out of 100.

Why is Udemy, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Udemy, Inc.?

The Corporate Default template measures 6 defenses, and UDMY scores: Pricing Power (46), Cost Advantage (41), Customer Stickiness (71), Capital Efficiency (30), Resilience (73), Scale & Market Position (66). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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