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AeroVironment Inc（AVAV）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是UiPath, Inc.的1.1倍（$472.5M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs -3.6%，领先52.0%），AeroVironment Inc同比增速更快（181.9% vs 15.9%），UiPath, Inc.自由现金流更多（$25.1M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 0.7%）
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
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。
AVAV vs PATH — 直观对比
营收规模更大
AVAV
是对方的1.1倍
$411.1M
营收增速更快
AVAV
高出165.9%
15.9%
净利率更高
PATH
高出52.0%
-3.6%
自由现金流更多
PATH
多$81.0M
$-55.9M
两年增速更快
AVAV
近两年复合增速
0.7%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $411.1M |
| 净利润 | $-17.1M | $198.8M |
| 毛利率 | 22.0% | 83.3% |
| 营业利润率 | -6.4% | 3.2% |
| 净利率 | -3.6% | 48.4% |
| 营收同比 | 181.9% | 15.9% |
| 净利润同比 | -875.1% | 1966.2% |
| 每股收益（稀释后） | $-0.34 | $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AVAVPATH
| Q4 25 | $472.5M | $411.1M | ||
| Q3 25 | $454.7M | $361.7M | ||
| Q2 25 | $275.1M | $356.6M | ||
| Q1 25 | $167.6M | $423.6M | ||
| Q4 24 | $188.5M | $354.7M | ||
| Q3 24 | $189.5M | $316.3M | ||
| Q2 24 | $197.0M | $335.1M | ||
| Q1 24 | $186.6M | $405.3M |
净利润AVAVPATH
| Q4 25 | $-17.1M | $198.8M | ||
| Q3 25 | $-67.4M | $1.6M | ||
| Q2 25 | $16.7M | $-22.6M | ||
| Q1 25 | $-1.8M | $51.8M | ||
| Q4 24 | $7.5M | $-10.7M | ||
| Q3 24 | $21.2M | $-86.1M | ||
| Q2 24 | $6.0M | $-28.7M | ||
| Q1 24 | $13.9M | $33.9M |
毛利率AVAVPATH
| Q4 25 | 22.0% | 83.3% | ||
| Q3 25 | 20.9% | 82.2% | ||
| Q2 25 | 36.5% | 82.1% | ||
| Q1 25 | 37.7% | 84.8% | ||
| Q4 24 | 39.1% | 82.0% | ||
| Q3 24 | 43.0% | 80.0% | ||
| Q2 24 | 38.4% | 83.5% | ||
| Q1 24 | 36.1% | 86.8% |
营业利润率AVAVPATH
| Q4 25 | -6.4% | 3.2% | ||
| Q3 25 | -15.2% | -5.6% | ||
| Q2 25 | 5.0% | -4.6% | ||
| Q1 25 | -1.8% | 7.9% | ||
| Q4 24 | 3.7% | -12.2% | ||
| Q3 24 | 12.2% | -32.7% | ||
| Q2 24 | 3.0% | -14.8% | ||
| Q1 24 | 7.7% | 3.7% |
净利率AVAVPATH
| Q4 25 | -3.6% | 48.4% | ||
| Q3 25 | -14.8% | 0.4% | ||
| Q2 25 | 6.1% | -6.3% | ||
| Q1 25 | -1.0% | 12.2% | ||
| Q4 24 | 4.0% | -3.0% | ||
| Q3 24 | 11.2% | -27.2% | ||
| Q2 24 | 3.1% | -8.6% | ||
| Q1 24 | 7.4% | 8.4% |
每股收益（稀释后）AVAVPATH
| Q4 25 | $-0.34 | $0.37 | ||
| Q3 25 | $-1.44 | $0.00 | ||
| Q2 25 | $0.59 | $-0.04 | ||
| Q1 25 | $-0.06 | $0.09 | ||
| Q4 24 | $0.27 | $-0.02 | ||
| Q3 24 | $0.75 | $-0.15 | ||
| Q2 24 | $0.18 | $-0.05 | ||
| Q1 24 | $0.50 | $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 | $588.5M | $1.4B |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $1.9B |
| 总资产 | $5.6B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.17× | — |
8季度趋势，按日历期对齐
现金及短期投资AVAVPATH
| Q4 25 | $588.5M | $1.4B | ||
| Q3 25 | $685.8M | $1.4B | ||
| Q2 25 | $40.9M | $1.6B | ||
| Q1 25 | $47.0M | $1.6B | ||
| Q4 24 | $69.0M | $1.6B | ||
| Q3 24 | $81.2M | $1.7B | ||
| Q2 24 | $73.3M | $1.9B | ||
| Q1 24 | $107.7M | $1.9B |
总债务AVAVPATH
| Q4 25 | $747.5M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $17.5M | — | ||
| Q2 24 | $28.0M | — | ||
| Q1 24 | $40.0M | — |
股东权益AVAVPATH
| Q4 25 | $4.4B | $1.9B | ||
| Q3 25 | $4.4B | $1.7B | ||
| Q2 25 | $886.5M | $1.7B | ||
| Q1 25 | $861.1M | $1.8B | ||
| Q4 24 | $858.4M | $1.7B | ||
| Q3 24 | $845.5M | $1.8B | ||
| Q2 24 | $822.7M | $2.0B | ||
| Q1 24 | $813.0M | $2.0B |
总资产AVAVPATH
| Q4 25 | $5.6B | $2.9B | ||
| Q3 25 | $5.6B | $2.6B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.0B | $2.9B | ||
| Q4 24 | $1.0B | $2.7B | ||
| Q3 24 | $999.2M | $2.7B | ||
| Q2 24 | $1.0B | $2.8B | ||
| Q1 24 | $980.3M | $3.0B |
负债/权益比AVAVPATH
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.05× | — |
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 | $-45.1M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $25.1M |
| 自由现金流率自由现金流/营收 | -11.8% | 6.1% |
| 资本支出强度资本支出/营收 | 2.3% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.14× |
| 过去12个月自由现金流最近4个季度 | $-240.7M | — |
8季度趋势，按日历期对齐
经营现金流AVAVPATH
| Q4 25 | $-45.1M | $28.3M | ||
| Q3 25 | $-123.7M | $41.6M | ||
| Q2 25 | $-264.0K | $119.0M | ||
| Q1 25 | $-25.8M | $146.1M | ||
| Q4 24 | $-3.6M | $28.1M | ||
| Q3 24 | $28.4M | $46.4M | ||
| Q2 24 | $-11.7M | $100.0M | ||
| Q1 24 | $52.6M | $145.6M |
自由现金流AVAVPATH
| Q4 25 | $-55.9M | $25.1M | ||
| Q3 25 | $-146.5M | — | ||
| Q2 25 | $-8.8M | $106.2M | ||
| Q1 25 | $-29.6M | $138.7M | ||
| Q4 24 | $-8.7M | $23.2M | ||
| Q3 24 | $22.9M | $45.0M | ||
| Q2 24 | $-20.8M | $98.8M | ||
| Q1 24 | $48.8M | $141.8M |
自由现金流率AVAVPATH
| Q4 25 | -11.8% | 6.1% | ||
| Q3 25 | -32.2% | — | ||
| Q2 25 | -3.2% | 29.8% | ||
| Q1 25 | -17.7% | 32.7% | ||
| Q4 24 | -4.6% | 6.5% | ||
| Q3 24 | 12.1% | 14.2% | ||
| Q2 24 | -10.5% | 29.5% | ||
| Q1 24 | 26.1% | 35.0% |
资本支出强度AVAVPATH
| Q4 25 | 2.3% | 0.8% | ||
| Q3 25 | 5.0% | 0.0% | ||
| Q2 25 | 3.1% | 3.6% | ||
| Q1 25 | 2.3% | 1.7% | ||
| Q4 24 | 2.7% | 1.4% | ||
| Q3 24 | 2.9% | 0.4% | ||
| Q2 24 | 4.6% | 0.4% | ||
| Q1 24 | 2.0% | 0.9% |
现金转化率AVAVPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -1.93× | — | ||
| Q1 24 | 3.79× | 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
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
