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艾里逊变速箱控股公司（ALSN）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
艾里逊变速箱控股公司的季度营收约是UiPath, Inc.的1.8倍（$737.0M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 13.4%，领先34.9%），UiPath, Inc.同比增速更快（15.9% vs -7.4%），艾里逊变速箱控股公司自由现金流更多（$169.0M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -3.4%）
艾里逊变速箱控股公司是美国商用自动变速箱及混合动力推进系统生产商，产品获全球250余家整车厂商指定采用，广泛应用于公交、环卫、消防、工程建设、物流配送、军工等多个领域及特种作业场景。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
ALSN vs PATH — 直观对比
营收规模更大
ALSN
是对方的1.8倍
$411.1M
营收增速更快
PATH
高出23.3%
-7.4%
净利率更高
PATH
高出34.9%
13.4%
自由现金流更多
ALSN
多$143.9M
$25.1M
两年增速更快
PATH
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $737.0M | $411.1M |
| 净利润 | $99.0M | $198.8M |
| 毛利率 | 48.0% | 83.3% |
| 营业利润率 | 23.2% | 3.2% |
| 净利率 | 13.4% | 48.4% |
| 营收同比 | -7.4% | 15.9% |
| 净利润同比 | -43.4% | 1966.2% |
| 每股收益（稀释后） | $1.18 | $0.37 |
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ALSNPATH
| Q4 25 | $737.0M | $411.1M | ||
| Q3 25 | $693.0M | $361.7M | ||
| Q2 25 | $814.0M | $356.6M | ||
| Q1 25 | $766.0M | $423.6M | ||
| Q4 24 | $796.0M | $354.7M | ||
| Q3 24 | $824.0M | $316.3M | ||
| Q2 24 | $816.0M | $335.1M | ||
| Q1 24 | $789.0M | $405.3M |
净利润ALSNPATH
| Q4 25 | $99.0M | $198.8M | ||
| Q3 25 | $137.0M | $1.6M | ||
| Q2 25 | $195.0M | $-22.6M | ||
| Q1 25 | $192.0M | $51.8M | ||
| Q4 24 | $175.0M | $-10.7M | ||
| Q3 24 | $200.0M | $-86.1M | ||
| Q2 24 | $187.0M | $-28.7M | ||
| Q1 24 | $169.0M | $33.9M |
毛利率ALSNPATH
| Q4 25 | 48.0% | 83.3% | ||
| Q3 25 | 47.5% | 82.2% | ||
| Q2 25 | 49.4% | 82.1% | ||
| Q1 25 | 49.3% | 84.8% | ||
| Q4 24 | 46.9% | 82.0% | ||
| Q3 24 | 48.1% | 80.0% | ||
| Q2 24 | 48.3% | 83.5% | ||
| Q1 24 | 46.4% | 86.8% |
营业利润率ALSNPATH
| Q4 25 | 23.2% | 3.2% | ||
| Q3 25 | 29.4% | -5.6% | ||
| Q2 25 | 31.4% | -4.6% | ||
| Q1 25 | 32.5% | 7.9% | ||
| Q4 24 | 29.5% | -12.2% | ||
| Q3 24 | 31.6% | -32.7% | ||
| Q2 24 | 32.2% | -14.8% | ||
| Q1 24 | 29.7% | 3.7% |
净利率ALSNPATH
| Q4 25 | 13.4% | 48.4% | ||
| Q3 25 | 19.8% | 0.4% | ||
| Q2 25 | 24.0% | -6.3% | ||
| Q1 25 | 25.1% | 12.2% | ||
| Q4 24 | 22.0% | -3.0% | ||
| Q3 24 | 24.3% | -27.2% | ||
| Q2 24 | 22.9% | -8.6% | ||
| Q1 24 | 21.4% | 8.4% |
每股收益（稀释后）ALSNPATH
| Q4 25 | $1.18 | $0.37 | ||
| Q3 25 | $1.63 | $0.00 | ||
| Q2 25 | $2.29 | $-0.04 | ||
| Q1 25 | $2.23 | $0.09 | ||
| Q4 24 | $2.01 | $-0.02 | ||
| Q3 24 | $2.27 | $-0.15 | ||
| Q2 24 | $2.13 | $-0.05 | ||
| Q1 24 | $1.90 | $0.07 |
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 | $1.5B | $1.4B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $1.9B | $1.9B |
| 总资产 | $6.1B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.56× | — |
8季度趋势，按日历期对齐
现金及短期投资ALSNPATH
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $902.0M | $1.4B | ||
| Q2 25 | $778.0M | $1.6B | ||
| Q1 25 | $753.0M | $1.6B | ||
| Q4 24 | $781.0M | $1.6B | ||
| Q3 24 | $788.0M | $1.7B | ||
| Q2 24 | $648.0M | $1.9B | ||
| Q1 24 | $551.0M | $1.9B |
总债务ALSNPATH
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
股东权益ALSNPATH
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.3B | $2.0B |
总资产ALSNPATH
| Q4 25 | $6.1B | $2.9B | ||
| Q3 25 | $5.5B | $2.6B | ||
| Q2 25 | $5.4B | $2.6B | ||
| Q1 25 | $5.4B | $2.9B | ||
| Q4 24 | $5.3B | $2.7B | ||
| Q3 24 | $5.4B | $2.7B | ||
| Q2 24 | $5.2B | $2.8B | ||
| Q1 24 | $5.1B | $3.0B |
负债/权益比ALSNPATH
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | 1.80× | — |
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 | $243.0M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $169.0M | $25.1M |
| 自由现金流率自由现金流/营收 | 22.9% | 6.1% |
| 资本支出强度资本支出/营收 | 10.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.45× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $661.0M | — |
8季度趋势，按日历期对齐
经营现金流ALSNPATH
| Q4 25 | $243.0M | $28.3M | ||
| Q3 25 | $228.0M | $41.6M | ||
| Q2 25 | $184.0M | $119.0M | ||
| Q1 25 | $181.0M | $146.1M | ||
| Q4 24 | $211.0M | $28.1M | ||
| Q3 24 | $246.0M | $46.4M | ||
| Q2 24 | $171.0M | $100.0M | ||
| Q1 24 | $173.0M | $145.6M |
自由现金流ALSNPATH
| Q4 25 | $169.0M | $25.1M | ||
| Q3 25 | $184.0M | — | ||
| Q2 25 | $153.0M | $106.2M | ||
| Q1 25 | $155.0M | $138.7M | ||
| Q4 24 | $136.0M | $23.2M | ||
| Q3 24 | $210.0M | $45.0M | ||
| Q2 24 | $150.0M | $98.8M | ||
| Q1 24 | $162.0M | $141.8M |
自由现金流率ALSNPATH
| Q4 25 | 22.9% | 6.1% | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 18.8% | 29.8% | ||
| Q1 25 | 20.2% | 32.7% | ||
| Q4 24 | 17.1% | 6.5% | ||
| Q3 24 | 25.5% | 14.2% | ||
| Q2 24 | 18.4% | 29.5% | ||
| Q1 24 | 20.5% | 35.0% |
资本支出强度ALSNPATH
| Q4 25 | 10.0% | 0.8% | ||
| Q3 25 | 6.3% | 0.0% | ||
| Q2 25 | 3.8% | 3.6% | ||
| Q1 25 | 3.4% | 1.7% | ||
| Q4 24 | 9.4% | 1.4% | ||
| Q3 24 | 4.4% | 0.4% | ||
| Q2 24 | 2.6% | 0.4% | ||
| Q1 24 | 1.4% | 0.9% |
现金转化率ALSNPATH
| Q4 25 | 2.45× | 0.14× | ||
| Q3 25 | 1.66× | 26.25× | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.94× | 2.82× | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 1.23× | — | ||
| Q2 24 | 0.91× | — | ||
| Q1 24 | 1.02× | 4.29× |
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
ALSN
| North America On Highway | $361.0M | 49% |
| Service Parts Support Equipment And Other | $160.0M | 22% |
| Outside North America On Highway | $131.0M | 18% |
| Defense | $73.0M | 10% |
| Global Off-Highway | $12.0M | 2% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
