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Arhaus, Inc.（ARHS）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Arhaus, Inc.的1.1倍（$411.1M vs $364.8M），UiPath, Inc.净利率更高（48.4% vs 4.1%，领先44.2%），UiPath, Inc.同比增速更快（15.9% vs 5.1%），UiPath, Inc.自由现金流更多（$25.1M vs $-8.8M），过去两年Arhaus, Inc.的营收复合增速更高（11.2% vs 0.7%）
Arhaus, Inc.是源自美国的高端家居零售企业，总部位于俄亥俄州波士顿高地，1986年正式创立。品牌主打可持续理念与工匠级品质，产品品类丰富，采用全渠道模式面向个人消费者及企业客户，覆盖民用与商用家居场景，提供相关产品与配套服务。
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。
ARHS vs PATH — 直观对比
营收规模更大
PATH
是对方的1.1倍
$364.8M
营收增速更快
PATH
高出10.8%
5.1%
净利率更高
PATH
高出44.2%
4.1%
自由现金流更多
PATH
多$33.9M
$-8.8M
两年增速更快
ARHS
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $411.1M |
| 净利润 | $15.1M | $198.8M |
| 毛利率 | 38.1% | 83.3% |
| 营业利润率 | 5.6% | 3.2% |
| 净利率 | 4.1% | 48.4% |
| 营收同比 | 5.1% | 15.9% |
| 净利润同比 | -29.1% | 1966.2% |
| 每股收益（稀释后） | $0.11 | $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ARHSPATH
| Q4 25 | $364.8M | $411.1M | ||
| Q3 25 | $344.6M | $361.7M | ||
| Q2 25 | $358.4M | $356.6M | ||
| Q1 25 | $311.4M | $423.6M | ||
| Q4 24 | $347.0M | $354.7M | ||
| Q3 24 | $319.1M | $316.3M | ||
| Q2 24 | $309.8M | $335.1M | ||
| Q1 24 | $295.2M | $405.3M |
净利润ARHSPATH
| Q4 25 | $15.1M | $198.8M | ||
| Q3 25 | $12.2M | $1.6M | ||
| Q2 25 | $35.1M | $-22.6M | ||
| Q1 25 | $4.9M | $51.8M | ||
| Q4 24 | $21.3M | $-10.7M | ||
| Q3 24 | $9.9M | $-86.1M | ||
| Q2 24 | $22.2M | $-28.7M | ||
| Q1 24 | $15.1M | $33.9M |
毛利率ARHSPATH
| Q4 25 | 38.1% | 83.3% | ||
| Q3 25 | 38.7% | 82.2% | ||
| Q2 25 | 41.4% | 82.1% | ||
| Q1 25 | 37.1% | 84.8% | ||
| Q4 24 | 40.0% | 82.0% | ||
| Q3 24 | 38.6% | 80.0% | ||
| Q2 24 | 40.1% | 83.5% | ||
| Q1 24 | 39.0% | 86.8% |
营业利润率ARHSPATH
| Q4 25 | 5.6% | 3.2% | ||
| Q3 25 | 4.8% | -5.6% | ||
| Q2 25 | 13.0% | -4.6% | ||
| Q1 25 | 1.7% | 7.9% | ||
| Q4 24 | 8.2% | -12.2% | ||
| Q3 24 | 3.3% | -32.7% | ||
| Q2 24 | 9.5% | -14.8% | ||
| Q1 24 | 6.2% | 3.7% |
净利率ARHSPATH
| Q4 25 | 4.1% | 48.4% | ||
| Q3 25 | 3.5% | 0.4% | ||
| Q2 25 | 9.8% | -6.3% | ||
| Q1 25 | 1.6% | 12.2% | ||
| Q4 24 | 6.1% | -3.0% | ||
| Q3 24 | 3.1% | -27.2% | ||
| Q2 24 | 7.2% | -8.6% | ||
| Q1 24 | 5.1% | 8.4% |
每股收益（稀释后）ARHSPATH
| Q4 25 | $0.11 | $0.37 | ||
| Q3 25 | $0.09 | $0.00 | ||
| Q2 25 | $0.25 | $-0.04 | ||
| Q1 25 | $0.03 | $0.09 | ||
| Q4 24 | $0.15 | $-0.02 | ||
| Q3 24 | $0.07 | $-0.15 | ||
| Q2 24 | $0.16 | $-0.05 | ||
| Q1 24 | $0.11 | $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 | $253.4M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $418.2M | $1.9B |
| 总资产 | $1.4B | $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ARHSPATH
| Q4 25 | $253.4M | $1.4B | ||
| Q3 25 | $262.2M | $1.4B | ||
| Q2 25 | $234.8M | $1.6B | ||
| Q1 25 | $214.4M | $1.6B | ||
| Q4 24 | $197.5M | $1.6B | ||
| Q3 24 | $177.7M | $1.7B | ||
| Q2 24 | $174.2M | $1.9B | ||
| Q1 24 | $233.2M | $1.9B |
股东权益ARHSPATH
| Q4 25 | $418.2M | $1.9B | ||
| Q3 25 | $400.4M | $1.7B | ||
| Q2 25 | $385.6M | $1.7B | ||
| Q1 25 | $348.8M | $1.8B | ||
| Q4 24 | $343.7M | $1.7B | ||
| Q3 24 | $320.6M | $1.8B | ||
| Q2 24 | $309.3M | $2.0B | ||
| Q1 24 | $285.6M | $2.0B |
总资产ARHSPATH
| Q4 25 | $1.4B | $2.9B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.3B | $2.9B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $1.2B | $2.8B | ||
| Q1 24 | $1.2B | $3.0B |
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 | $9.3M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | $25.1M |
| 自由现金流率自由现金流/营收 | -2.4% | 6.1% |
| 资本支出强度资本支出/营收 | 5.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.62× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $59.0M | — |
8季度趋势，按日历期对齐
经营现金流ARHSPATH
| Q4 25 | $9.3M | $28.3M | ||
| Q3 25 | $46.1M | $41.6M | ||
| Q2 25 | $34.9M | $119.0M | ||
| Q1 25 | $46.5M | $146.1M | ||
| Q4 24 | $31.7M | $28.1M | ||
| Q3 24 | $31.1M | $46.4M | ||
| Q2 24 | $47.5M | $100.0M | ||
| Q1 24 | $36.8M | $145.6M |
自由现金流ARHSPATH
| Q4 25 | $-8.8M | $25.1M | ||
| Q3 25 | $28.0M | — | ||
| Q2 25 | $20.9M | $106.2M | ||
| Q1 25 | $18.9M | $138.7M | ||
| Q4 24 | $13.0M | $23.2M | ||
| Q3 24 | $4.6M | $45.0M | ||
| Q2 24 | $11.3M | $98.8M | ||
| Q1 24 | $10.9M | $141.8M |
自由现金流率ARHSPATH
| Q4 25 | -2.4% | 6.1% | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 5.8% | 29.8% | ||
| Q1 25 | 6.1% | 32.7% | ||
| Q4 24 | 3.7% | 6.5% | ||
| Q3 24 | 1.4% | 14.2% | ||
| Q2 24 | 3.6% | 29.5% | ||
| Q1 24 | 3.7% | 35.0% |
资本支出强度ARHSPATH
| Q4 25 | 5.0% | 0.8% | ||
| Q3 25 | 5.3% | 0.0% | ||
| Q2 25 | 3.9% | 3.6% | ||
| Q1 25 | 8.9% | 1.7% | ||
| Q4 24 | 5.4% | 1.4% | ||
| Q3 24 | 8.3% | 0.4% | ||
| Q2 24 | 11.7% | 0.4% | ||
| Q1 24 | 8.8% | 0.9% |
现金转化率ARHSPATH
| Q4 25 | 0.62× | 0.14× | ||
| Q3 25 | 3.77× | 26.25× | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | 2.82× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | 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
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
