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Side-by-side financial comparison of Oatly Group AB (OTLY) and UiPath, Inc. (PATH). Click either name above to swap in a different company.

Oatly Group AB is the larger business by last-quarter revenue ($456.6M vs $411.1M, roughly 1.1× UiPath, Inc.). UiPath, Inc. runs the higher net margin — 48.4% vs -18.5%, a 66.9% gap on every dollar of revenue. On growth, UiPath, Inc. posted the faster year-over-year revenue change (15.9% vs 8.1%). UiPath, Inc. produced more free cash flow last quarter ($25.1M vs $-11.3M).

Oatly Group AB is a Swedish food company, publicly traded on the American stock market, that produces alternatives to dairy products from oats, including oat milk. Oatly was formed in the 1990s using research from Lund University. Oatly has headquarters in Malmö and a production and development centre in Landskrona.

UiPath Inc. is a global software company that develops artificial intelligence (AI) and agentic automation and orchestration software. The company's software enables the building and orchestration of AI agents to automate complex processes and workflows.

OTLY vs PATH — Head-to-Head

Bigger by revenue
OTLY
OTLY
1.1× larger
OTLY
$456.6M
$411.1M
PATH
Growing faster (revenue YoY)
PATH
PATH
+7.8% gap
PATH
15.9%
8.1%
OTLY
Higher net margin
PATH
PATH
66.9% more per $
PATH
48.4%
-18.5%
OTLY
More free cash flow
PATH
PATH
$36.4M more FCF
PATH
$25.1M
$-11.3M
OTLY

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
OTLY
OTLY
PATH
PATH
Revenue
$456.6M
$411.1M
Net Profit
$-84.6M
$198.8M
Gross Margin
32.2%
83.3%
Operating Margin
-5.9%
3.2%
Net Margin
-18.5%
48.4%
Revenue YoY
8.1%
15.9%
Net Profit YoY
32.8%
1966.2%
EPS (diluted)
$-0.14
$0.37

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OTLY
OTLY
PATH
PATH
Q4 25
$456.6M
$411.1M
Q3 25
$361.7M
Q2 25
$208.4M
$356.6M
Q1 25
$423.6M
Q4 24
$422.3M
$354.7M
Q3 24
$316.3M
Q2 24
$202.2M
$335.1M
Q1 24
$405.3M
Net Profit
OTLY
OTLY
PATH
PATH
Q4 25
$-84.6M
$198.8M
Q3 25
$1.6M
Q2 25
$-55.9M
$-22.6M
Q1 25
$51.8M
Q4 24
$-126.0M
$-10.7M
Q3 24
$-86.1M
Q2 24
$-30.4M
$-28.7M
Q1 24
$33.9M
Gross Margin
OTLY
OTLY
PATH
PATH
Q4 25
32.2%
83.3%
Q3 25
82.2%
Q2 25
32.5%
82.1%
Q1 25
84.8%
Q4 24
29.3%
82.0%
Q3 24
80.0%
Q2 24
29.2%
83.5%
Q1 24
86.8%
Operating Margin
OTLY
OTLY
PATH
PATH
Q4 25
-5.9%
3.2%
Q3 25
-5.6%
Q2 25
-10.6%
-4.6%
Q1 25
7.9%
Q4 24
-28.1%
-12.2%
Q3 24
-32.7%
Q2 24
-19.3%
-14.8%
Q1 24
3.7%
Net Margin
OTLY
OTLY
PATH
PATH
Q4 25
-18.5%
48.4%
Q3 25
0.4%
Q2 25
-26.9%
-6.3%
Q1 25
12.2%
Q4 24
-29.8%
-3.0%
Q3 24
-27.2%
Q2 24
-15.1%
-8.6%
Q1 24
8.4%
EPS (diluted)
OTLY
OTLY
PATH
PATH
Q4 25
$-0.14
$0.37
Q3 25
$0.00
Q2 25
$-0.09
$-0.04
Q1 25
$0.09
Q4 24
$-0.21
$-0.02
Q3 24
$-0.15
Q2 24
$-0.05
$-0.05
Q1 24
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OTLY
OTLY
PATH
PATH
Cash + ST InvestmentsLiquidity on hand
$64.3M
$1.4B
Total DebtLower is stronger
$523.0M
Stockholders' EquityBook value
$19.7M
$1.9B
Total Assets
$787.2M
$2.9B
Debt / EquityLower = less leverage
26.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OTLY
OTLY
PATH
PATH
Q4 25
$64.3M
$1.4B
Q3 25
$1.4B
Q2 25
$67.9M
$1.6B
Q1 25
$1.6B
Q4 24
$98.9M
$1.6B
Q3 24
$1.7B
Q2 24
$142.7M
$1.9B
Q1 24
$1.9B
Total Debt
OTLY
OTLY
PATH
PATH
Q4 25
$523.0M
Q3 25
Q2 25
$120.6M
Q1 25
Q4 24
$446.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
OTLY
OTLY
PATH
PATH
Q4 25
$19.7M
$1.9B
Q3 25
$1.7B
Q2 25
$96.7M
$1.7B
Q1 25
$1.8B
Q4 24
$106.1M
$1.7B
Q3 24
$1.8B
Q2 24
$245.8M
$2.0B
Q1 24
$2.0B
Total Assets
OTLY
OTLY
PATH
PATH
Q4 25
$787.2M
$2.9B
Q3 25
$2.6B
Q2 25
$803.1M
$2.6B
Q1 25
$2.9B
Q4 24
$804.0M
$2.7B
Q3 24
$2.7B
Q2 24
$2.8B
Q1 24
$3.0B
Debt / Equity
OTLY
OTLY
PATH
PATH
Q4 25
26.59×
Q3 25
Q2 25
1.25×
Q1 25
Q4 24
4.21×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OTLY
OTLY
PATH
PATH
Operating Cash FlowLast quarter
$-8.7M
$28.3M
Free Cash FlowOCF − Capex
$-11.3M
$25.1M
FCF MarginFCF / Revenue
-2.5%
6.1%
Capex IntensityCapex / Revenue
0.6%
0.8%
Cash ConversionOCF / Net Profit
0.14×
TTM Free Cash FlowTrailing 4 quarters
$-189.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OTLY
OTLY
PATH
PATH
Q4 25
$-8.7M
$28.3M
Q3 25
$41.6M
Q2 25
$-15.0M
$119.0M
Q1 25
$146.1M
Q4 24
$-28.4M
$28.1M
Q3 24
$46.4M
Q2 24
$-86.0M
$100.0M
Q1 24
$145.6M
Free Cash Flow
OTLY
OTLY
PATH
PATH
Q4 25
$-11.3M
$25.1M
Q3 25
Q2 25
$-24.8M
$106.2M
Q1 25
$138.7M
Q4 24
$-47.9M
$23.2M
Q3 24
$45.0M
Q2 24
$-105.7M
$98.8M
Q1 24
$141.8M
FCF Margin
OTLY
OTLY
PATH
PATH
Q4 25
-2.5%
6.1%
Q3 25
Q2 25
-11.9%
29.8%
Q1 25
32.7%
Q4 24
-11.3%
6.5%
Q3 24
14.2%
Q2 24
-52.3%
29.5%
Q1 24
35.0%
Capex Intensity
OTLY
OTLY
PATH
PATH
Q4 25
0.6%
0.8%
Q3 25
0.0%
Q2 25
4.7%
3.6%
Q1 25
1.7%
Q4 24
4.6%
1.4%
Q3 24
0.4%
Q2 24
9.7%
0.4%
Q1 24
0.9%
Cash Conversion
OTLY
OTLY
PATH
PATH
Q4 25
0.14×
Q3 25
26.25×
Q2 25
Q1 25
2.82×
Q4 24
Q3 24
Q2 24
Q1 24
4.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OTLY
OTLY

Segment breakdown not available.

PATH
PATH

Subscription Services$247.6M60%
License$150.0M36%
Professional Services And Other$13.5M3%

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