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普立万（AVNT）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
普立万的季度营收约是UiPath, Inc.的1.9倍（$760.6M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 2.2%，领先46.1%），UiPath, Inc.同比增速更快（15.9% vs 1.9%），普立万自由现金流更多（$125.4M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -4.2%）
普立万公司是一家全球性材料解决方案供应商，总部位于美国俄亥俄州埃文湖，全球员工约9000人。主营产品涵盖色母粒、先进复合材料、功能添加剂以及工程材料，为多行业客户提供定制化的材料相关技术支持与解决方案。
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。
AVNT vs PATH — 直观对比
营收规模更大
AVNT
是对方的1.9倍
$411.1M
营收增速更快
PATH
高出14.0%
1.9%
净利率更高
PATH
高出46.1%
2.2%
自由现金流更多
AVNT
多$100.3M
$25.1M
两年增速更快
PATH
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $760.6M | $411.1M |
| 净利润 | $16.9M | $198.8M |
| 毛利率 | 30.2% | 83.3% |
| 营业利润率 | 5.2% | 3.2% |
| 净利率 | 2.2% | 48.4% |
| 营收同比 | 1.9% | 15.9% |
| 净利润同比 | -65.0% | 1966.2% |
| 每股收益（稀释后） | $0.18 | $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AVNTPATH
| Q4 25 | $760.6M | $411.1M | ||
| Q3 25 | $806.5M | $361.7M | ||
| Q2 25 | $866.5M | $356.6M | ||
| Q1 25 | $826.6M | $423.6M | ||
| Q4 24 | $746.5M | $354.7M | ||
| Q3 24 | $815.2M | $316.3M | ||
| Q2 24 | $849.7M | $335.1M | ||
| Q1 24 | $829.0M | $405.3M |
净利润AVNTPATH
| Q4 25 | $16.9M | $198.8M | ||
| Q3 25 | $32.6M | $1.6M | ||
| Q2 25 | $52.6M | $-22.6M | ||
| Q1 25 | $-20.2M | $51.8M | ||
| Q4 24 | $48.3M | $-10.7M | ||
| Q3 24 | $38.2M | $-86.1M | ||
| Q2 24 | $33.6M | $-28.7M | ||
| Q1 24 | $49.4M | $33.9M |
毛利率AVNTPATH
| Q4 25 | 30.2% | 83.3% | ||
| Q3 25 | 30.4% | 82.2% | ||
| Q2 25 | 32.1% | 82.1% | ||
| Q1 25 | 31.8% | 84.8% | ||
| Q4 24 | 34.8% | 82.0% | ||
| Q3 24 | 32.1% | 80.0% | ||
| Q2 24 | 30.3% | 83.5% | ||
| Q1 24 | 33.6% | 86.8% |
营业利润率AVNTPATH
| Q4 25 | 5.2% | 3.2% | ||
| Q3 25 | 8.3% | -5.6% | ||
| Q2 25 | 11.1% | -4.6% | ||
| Q1 25 | 0.1% | 7.9% | ||
| Q4 24 | 11.5% | -12.2% | ||
| Q3 24 | 9.5% | -32.7% | ||
| Q2 24 | 8.5% | -14.8% | ||
| Q1 24 | 11.3% | 3.7% |
净利率AVNTPATH
| Q4 25 | 2.2% | 48.4% | ||
| Q3 25 | 4.0% | 0.4% | ||
| Q2 25 | 6.1% | -6.3% | ||
| Q1 25 | -2.4% | 12.2% | ||
| Q4 24 | 6.5% | -3.0% | ||
| Q3 24 | 4.7% | -27.2% | ||
| Q2 24 | 4.0% | -8.6% | ||
| Q1 24 | 6.0% | 8.4% |
每股收益（稀释后）AVNTPATH
| Q4 25 | $0.18 | $0.37 | ||
| Q3 25 | $0.36 | $0.00 | ||
| Q2 25 | $0.57 | $-0.04 | ||
| Q1 25 | $-0.22 | $0.09 | ||
| Q4 24 | $0.53 | $-0.02 | ||
| Q3 24 | $0.41 | $-0.15 | ||
| Q2 24 | $0.36 | $-0.05 | ||
| Q1 24 | $0.54 | $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 | $1.9B | — |
| 股东权益账面价值 | $2.4B | $1.9B |
| 总资产 | $6.0B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资AVNTPATH
| 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AVNTPATH
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益AVNTPATH
| Q4 25 | $2.4B | $1.9B | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | $2.4B | $1.7B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | $2.3B | $2.0B |
总资产AVNTPATH
| Q4 25 | $6.0B | $2.9B | ||
| Q3 25 | $6.1B | $2.6B | ||
| Q2 25 | $6.1B | $2.6B | ||
| Q1 25 | $5.8B | $2.9B | ||
| Q4 24 | $5.8B | $2.7B | ||
| Q3 24 | $6.0B | $2.7B | ||
| Q2 24 | $5.9B | $2.8B | ||
| Q1 24 | $5.9B | $3.0B |
负债/权益比AVNTPATH
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.90× | — |
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 | $167.8M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $125.4M | $25.1M |
| 自由现金流率自由现金流/营收 | 16.5% | 6.1% |
| 资本支出强度资本支出/营收 | 5.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 9.93× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $195.0M | — |
8季度趋势，按日历期对齐
经营现金流AVNTPATH
| Q4 25 | $167.8M | $28.3M | ||
| Q3 25 | $72.1M | $41.6M | ||
| Q2 25 | $112.8M | $119.0M | ||
| Q1 25 | $-51.1M | $146.1M | ||
| Q4 24 | $122.6M | $28.1M | ||
| Q3 24 | $71.1M | $46.4M | ||
| Q2 24 | $105.9M | $100.0M | ||
| Q1 24 | $-42.8M | $145.6M |
自由现金流AVNTPATH
| Q4 25 | $125.4M | $25.1M | ||
| Q3 25 | $47.4M | — | ||
| Q2 25 | $85.8M | $106.2M | ||
| Q1 25 | $-63.6M | $138.7M | ||
| Q4 24 | $81.5M | $23.2M | ||
| Q3 24 | $46.1M | $45.0M | ||
| Q2 24 | $74.5M | $98.8M | ||
| Q1 24 | $-67.2M | $141.8M |
自由现金流率AVNTPATH
| Q4 25 | 16.5% | 6.1% | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 9.9% | 29.8% | ||
| Q1 25 | -7.7% | 32.7% | ||
| Q4 24 | 10.9% | 6.5% | ||
| Q3 24 | 5.7% | 14.2% | ||
| Q2 24 | 8.8% | 29.5% | ||
| Q1 24 | -8.1% | 35.0% |
资本支出强度AVNTPATH
| Q4 25 | 5.6% | 0.8% | ||
| Q3 25 | 3.1% | 0.0% | ||
| Q2 25 | 3.1% | 3.6% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 5.5% | 1.4% | ||
| Q3 24 | 3.1% | 0.4% | ||
| Q2 24 | 3.7% | 0.4% | ||
| Q1 24 | 2.9% | 0.9% |
现金转化率AVNTPATH
| Q4 25 | 9.93× | 0.14× | ||
| Q3 25 | 2.21× | 26.25× | ||
| Q2 25 | 2.14× | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | 2.54× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 3.15× | — | ||
| Q1 24 | -0.87× | 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
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
