vs
Artisan Partners Asset Management Inc.（APAM）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
UiPath, Inc.的季度营收约是Artisan Partners Asset Management Inc.的1.2倍（$411.1M vs $335.5M），UiPath, Inc.净利率更高（48.4% vs 35.2%，领先13.2%），UiPath, Inc.同比增速更快（15.9% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $25.1M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 0.7%）
阿蒂森伙伴资产管理公司（Artisan Partners）是总部位于美国威斯康星州密尔沃基的资产管理机构，除美国本土外，还在都柏林、香港、伦敦、新加坡、悉尼设有办公室，为全球客户提供专业的资产管理服务。
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。
APAM vs PATH — 直观对比
营收规模更大
PATH
是对方的1.2倍
$335.5M
营收增速更快
PATH
高出3.0%
12.9%
净利率更高
PATH
高出13.2%
35.2%
自由现金流更多
APAM
多$146.5M
$25.1M
两年增速更快
APAM
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $411.1M |
| 净利润 | $118.1M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 39.2% | 3.2% |
| 净利率 | 35.2% | 48.4% |
| 营收同比 | 12.9% | 15.9% |
| 净利润同比 | 34.9% | 1966.2% |
| 每股收益（稀释后） | $1.36 | $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APAMPATH
| Q4 25 | $335.5M | $411.1M | ||
| Q3 25 | $301.3M | $361.7M | ||
| Q2 25 | $282.7M | $356.6M | ||
| Q1 25 | $277.1M | $423.6M | ||
| Q4 24 | $297.1M | $354.7M | ||
| Q3 24 | $279.6M | $316.3M | ||
| Q2 24 | $270.8M | $335.1M | ||
| Q1 24 | $264.4M | $405.3M |
净利润APAMPATH
| Q4 25 | $118.1M | $198.8M | ||
| Q3 25 | $66.8M | $1.6M | ||
| Q2 25 | $67.6M | $-22.6M | ||
| Q1 25 | $61.1M | $51.8M | ||
| Q4 24 | $87.5M | $-10.7M | ||
| Q3 24 | $73.0M | $-86.1M | ||
| Q2 24 | $57.6M | $-28.7M | ||
| Q1 24 | $59.5M | $33.9M |
毛利率APAMPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率APAMPATH
| Q4 25 | 39.2% | 3.2% | ||
| Q3 25 | 33.8% | -5.6% | ||
| Q2 25 | 28.2% | -4.6% | ||
| Q1 25 | 31.2% | 7.9% | ||
| Q4 24 | 36.7% | -12.2% | ||
| Q3 24 | 33.3% | -32.7% | ||
| Q2 24 | 32.0% | -14.8% | ||
| Q1 24 | 29.4% | 3.7% |
净利率APAMPATH
| Q4 25 | 35.2% | 48.4% | ||
| Q3 25 | 22.2% | 0.4% | ||
| Q2 25 | 23.9% | -6.3% | ||
| Q1 25 | 22.1% | 12.2% | ||
| Q4 24 | 29.5% | -3.0% | ||
| Q3 24 | 26.1% | -27.2% | ||
| Q2 24 | 21.3% | -8.6% | ||
| Q1 24 | 22.5% | 8.4% |
每股收益（稀释后）APAMPATH
| Q4 25 | $1.36 | $0.37 | ||
| Q3 25 | $0.93 | $0.00 | ||
| Q2 25 | $0.94 | $-0.04 | ||
| Q1 25 | $0.82 | $0.09 | ||
| Q4 24 | $0.99 | $-0.02 | ||
| Q3 24 | $1.03 | $-0.15 | ||
| Q2 24 | $0.80 | $-0.05 | ||
| Q1 24 | $0.84 | $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 | — | $1.4B |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $1.9B |
| 总资产 | $1.6B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资APAMPATH
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
总债务APAMPATH
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
股东权益APAMPATH
| Q4 25 | $438.8M | $1.9B | ||
| Q3 25 | $402.1M | $1.7B | ||
| Q2 25 | $381.8M | $1.7B | ||
| Q1 25 | $356.5M | $1.8B | ||
| Q4 24 | $388.9M | $1.7B | ||
| Q3 24 | $372.1M | $1.8B | ||
| Q2 24 | $341.2M | $2.0B | ||
| Q1 24 | $320.3M | $2.0B |
总资产APAMPATH
| Q4 25 | $1.6B | $2.9B | ||
| Q3 25 | $1.6B | $2.6B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.4B | $2.9B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $2.8B | ||
| Q1 24 | $1.5B | $3.0B |
负债/权益比APAMPATH
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.62× | — |
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 | $172.0M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $25.1M |
| 自由现金流率自由现金流/营收 | 51.2% | 6.1% |
| 资本支出强度资本支出/营收 | 0.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.46× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $420.6M | — |
8季度趋势，按日历期对齐
经营现金流APAMPATH
| Q4 25 | $172.0M | $28.3M | ||
| Q3 25 | $40.4M | $41.6M | ||
| Q2 25 | $50.9M | $119.0M | ||
| Q1 25 | $157.9M | $146.1M | ||
| Q4 24 | $372.8M | $28.1M | ||
| Q3 24 | $112.8M | $46.4M | ||
| Q2 24 | $75.9M | $100.0M | ||
| Q1 24 | $147.0M | $145.6M |
自由现金流APAMPATH
| Q4 25 | $171.6M | $25.1M | ||
| Q3 25 | $40.4M | — | ||
| Q2 25 | $50.9M | $106.2M | ||
| Q1 25 | $157.7M | $138.7M | ||
| Q4 24 | $371.3M | $23.2M | ||
| Q3 24 | $112.4M | $45.0M | ||
| Q2 24 | $75.2M | $98.8M | ||
| Q1 24 | $146.9M | $141.8M |
自由现金流率APAMPATH
| Q4 25 | 51.2% | 6.1% | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 18.0% | 29.8% | ||
| Q1 25 | 56.9% | 32.7% | ||
| Q4 24 | 125.0% | 6.5% | ||
| Q3 24 | 40.2% | 14.2% | ||
| Q2 24 | 27.8% | 29.5% | ||
| Q1 24 | 55.6% | 35.0% |
资本支出强度APAMPATH
| Q4 25 | 0.1% | 0.8% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.0% | 3.6% | ||
| Q1 25 | 0.1% | 1.7% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.2% | 0.4% | ||
| Q1 24 | 0.0% | 0.9% |
现金转化率APAMPATH
| Q4 25 | 1.46× | 0.14× | ||
| Q3 25 | 0.60× | 26.25× | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 2.58× | 2.82× | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 2.47× | 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
APAM
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
