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Alexandria Real Estate Equities（ARE）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
Alexandria Real Estate Equities的季度营收约是UiPath, Inc.的1.6倍（$671.0M vs $411.1M），Alexandria Real Estate Equities净利率更高（59.4% vs 48.4%，领先11.0%），UiPath, Inc.同比增速更快（15.9% vs -11.5%），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -6.4%）
Alexandria Real Estate Equities（NYSE:ARE）是标普500成分股中的城市办公类房地产投资信托，作为业内首创、运营经验最丰富的先行企业，专注于在顶级创新集群区域开发、运营生命科学、科技及农业科技协作型产业园区。截至2020年12月末，公司总市值达319亿美元，北美地区资产总面积达4970万平方英尺。
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。
ARE vs PATH — 直观对比
营收规模更大
ARE
是对方的1.6倍
$411.1M
营收增速更快
PATH
高出27.4%
-11.5%
净利率更高
ARE
高出11.0%
48.4%
两年增速更快
PATH
近两年复合增速
-6.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $411.1M |
| 净利润 | $398.4M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | — | 3.2% |
| 净利率 | 59.4% | 48.4% |
| 营收同比 | -11.5% | 15.9% |
| 净利润同比 | 740.6% | 1966.2% |
| 每股收益（稀释后） | $2.10 | $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AREPATH
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $411.1M | ||
| Q3 25 | $751.9M | $361.7M | ||
| Q2 25 | $762.0M | $356.6M | ||
| Q1 25 | $758.2M | $423.6M | ||
| Q4 24 | $788.9M | $354.7M | ||
| Q3 24 | $791.6M | $316.3M | ||
| Q2 24 | $766.7M | $335.1M |
净利润AREPATH
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $198.8M | ||
| Q3 25 | $-232.8M | $1.6M | ||
| Q2 25 | $-107.0M | $-22.6M | ||
| Q1 25 | $-8.9M | $51.8M | ||
| Q4 24 | $-62.2M | $-10.7M | ||
| Q3 24 | $167.9M | $-86.1M | ||
| Q2 24 | $46.7M | $-28.7M |
毛利率AREPATH
| Q1 26 | — | — | ||
| 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% |
营业利润率AREPATH
| Q1 26 | — | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | -5.6% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | — | -32.7% | ||
| Q2 24 | — | -14.8% |
净利率AREPATH
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 48.4% | ||
| Q3 25 | -31.0% | 0.4% | ||
| Q2 25 | -14.0% | -6.3% | ||
| Q1 25 | -1.2% | 12.2% | ||
| Q4 24 | -7.9% | -3.0% | ||
| Q3 24 | 21.2% | -27.2% | ||
| Q2 24 | 6.1% | -8.6% |
每股收益（稀释后）AREPATH
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $0.37 | ||
| Q3 25 | $-1.38 | $0.00 | ||
| Q2 25 | $-0.64 | $-0.04 | ||
| Q1 25 | $-0.07 | $0.09 | ||
| Q4 24 | $-0.38 | $-0.02 | ||
| Q3 24 | $0.96 | $-0.15 | ||
| Q2 24 | $0.25 | $-0.05 |
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 | $418.7M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.4B | $1.9B |
| 总资产 | $34.2B | $2.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AREPATH
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $1.4B | ||
| Q3 25 | $579.5M | $1.4B | ||
| Q2 25 | $520.5M | $1.6B | ||
| Q1 25 | $476.4M | $1.6B | ||
| Q4 24 | $552.1M | $1.6B | ||
| Q3 24 | $562.6M | $1.7B | ||
| Q2 24 | $561.0M | $1.9B |
总债务AREPATH
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.3B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — |
股东权益AREPATH
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $1.9B | ||
| Q3 25 | $16.6B | $1.7B | ||
| Q2 25 | $17.2B | $1.7B | ||
| Q1 25 | $17.5B | $1.8B | ||
| Q4 24 | $17.9B | $1.7B | ||
| Q3 24 | $18.2B | $1.8B | ||
| Q2 24 | $18.3B | $2.0B |
总资产AREPATH
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $2.9B | ||
| Q3 25 | $37.4B | $2.6B | ||
| Q2 25 | $37.6B | $2.6B | ||
| Q1 25 | $37.6B | $2.9B | ||
| Q4 24 | $37.5B | $2.7B | ||
| Q3 24 | $38.5B | $2.7B | ||
| Q2 24 | $37.8B | $2.8B |
负债/权益比AREPATH
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.68× | — |
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 | $475.0M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $25.1M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | 76.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.19× | 0.14× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AREPATH
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $28.3M | ||
| Q3 25 | $433.5M | $41.6M | ||
| Q2 25 | $460.2M | $119.0M | ||
| Q1 25 | $207.9M | $146.1M | ||
| Q4 24 | $274.2M | $28.1M | ||
| Q3 24 | $477.4M | $46.4M | ||
| Q2 24 | $411.8M | $100.0M |
自由现金流AREPATH
| Q1 26 | — | — | ||
| Q4 25 | — | $25.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $98.8M |
自由现金流率AREPATH
| Q1 26 | — | — | ||
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 29.5% |
资本支出强度AREPATH
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% |
现金转化率AREPATH
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 8.82× | — |
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
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
