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Barnes & Noble Education, Inc.（BNED）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
Barnes & Noble Education, Inc.的季度营收约是UiPath, Inc.的1.5倍（$598.2M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 4.2%，领先44.2%），UiPath, Inc.同比增速更快（15.9% vs 6.9%），Barnes & Noble Education, Inc.自由现金流更多（$61.9M vs $25.1M），过去两年Barnes & Noble Education, Inc.的营收复合增速更高（20.0% vs 0.7%）
巴诺教育旗下的巴诺书店是美国门店数量最多的图书零售商，目前在美国各地经营着七百多家线下实体门店，是美国本土颇具影响力的线下图书零售企业，深耕图书零售领域多年。
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。
BNED vs PATH — 直观对比
营收规模更大
BNED
是对方的1.5倍
$411.1M
营收增速更快
PATH
高出9.0%
6.9%
净利率更高
PATH
高出44.2%
4.2%
自由现金流更多
BNED
多$36.8M
$25.1M
两年增速更快
BNED
近两年复合增速
0.7%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $411.1M |
| 净利润 | $25.0M | $198.8M |
| 毛利率 | 21.7% | 83.3% |
| 营业利润率 | 6.8% | 3.2% |
| 净利率 | 4.2% | 48.4% |
| 营收同比 | 6.9% | 15.9% |
| 净利润同比 | -49.7% | 1966.2% |
| 每股收益（稀释后） | $0.72 | $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BNEDPATH
| Q4 25 | $598.2M | $411.1M | ||
| Q3 25 | $274.2M | $361.7M | ||
| Q2 25 | $233.0M | $356.6M | ||
| Q1 25 | $419.7M | $423.6M | ||
| Q4 24 | $559.7M | $354.7M | ||
| Q3 24 | $250.9M | $316.3M | ||
| Q2 24 | $192.7M | $335.1M | ||
| Q1 24 | $415.4M | $405.3M |
净利润BNEDPATH
| Q4 25 | $25.0M | $198.8M | ||
| Q3 25 | $-18.3M | $1.6M | ||
| Q2 25 | $-23.0M | $-22.6M | ||
| Q1 25 | $17.9M | $51.8M | ||
| Q4 24 | $43.2M | $-10.7M | ||
| Q3 24 | $-103.9M | $-86.1M | ||
| Q2 24 | $-41.9M | $-28.7M | ||
| Q1 24 | $-9.3M | $33.9M |
毛利率BNEDPATH
| Q4 25 | 21.7% | 83.3% | ||
| Q3 25 | 20.2% | 82.2% | ||
| Q2 25 | 30.3% | 82.1% | ||
| Q1 25 | 22.3% | 84.8% | ||
| Q4 24 | 23.0% | 82.0% | ||
| Q3 24 | 17.9% | 80.0% | ||
| Q2 24 | 28.7% | 83.5% | ||
| Q1 24 | 24.2% | 86.8% |
营业利润率BNEDPATH
| Q4 25 | 6.8% | 3.2% | ||
| Q3 25 | -8.4% | -5.6% | ||
| Q2 25 | -4.9% | -4.6% | ||
| Q1 25 | 4.5% | 7.9% | ||
| Q4 24 | 8.4% | -12.2% | ||
| Q3 24 | -15.4% | -32.7% | ||
| Q2 24 | -16.3% | -14.8% | ||
| Q1 24 | 0.4% | 3.7% |
净利率BNEDPATH
| Q4 25 | 4.2% | 48.4% | ||
| Q3 25 | -6.7% | 0.4% | ||
| Q2 25 | -9.9% | -6.3% | ||
| Q1 25 | 4.3% | 12.2% | ||
| Q4 24 | 7.7% | -3.0% | ||
| Q3 24 | -41.4% | -27.2% | ||
| Q2 24 | -21.7% | -8.6% | ||
| Q1 24 | -2.2% | 8.4% |
每股收益（稀释后）BNEDPATH
| Q4 25 | $0.72 | $0.37 | ||
| Q3 25 | $-0.54 | $0.00 | ||
| Q2 25 | $2.97 | $-0.04 | ||
| Q1 25 | $0.59 | $0.09 | ||
| Q4 24 | $1.63 | $-0.02 | ||
| Q3 24 | $-7.69 | $-0.15 | ||
| Q2 24 | $-15.68 | $-0.05 | ||
| Q1 24 | $-3.49 | $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 | $11.7M | $1.4B |
| 总债务越低越好 | $122.5M | — |
| 股东权益账面价值 | $283.2M | $1.9B |
| 总资产 | $1.1B | $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BNEDPATH
| Q4 25 | $11.7M | $1.4B | ||
| Q3 25 | $7.3M | $1.4B | ||
| Q2 25 | $9.1M | $1.6B | ||
| Q1 25 | $9.2M | $1.6B | ||
| Q4 24 | $11.6M | $1.6B | ||
| Q3 24 | $8.2M | $1.7B | ||
| Q2 24 | $10.5M | $1.9B | ||
| Q1 24 | $8.1M | $1.9B |
总债务BNEDPATH
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | — | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | — |
股东权益BNEDPATH
| Q4 25 | $283.2M | $1.9B | ||
| Q3 25 | $256.5M | $1.7B | ||
| Q2 25 | $272.2M | $1.7B | ||
| Q1 25 | $292.9M | $1.8B | ||
| Q4 24 | $211.4M | $1.7B | ||
| Q3 24 | $149.8M | $1.8B | ||
| Q2 24 | $80.4M | $2.0B | ||
| Q1 24 | $121.5M | $2.0B |
总资产BNEDPATH
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $950.8M | $2.6B | ||
| Q2 25 | $790.3M | $2.6B | ||
| Q1 25 | $1.1B | $2.9B | ||
| Q4 24 | $1.0B | $2.7B | ||
| Q3 24 | $973.2M | $2.7B | ||
| Q2 24 | $909.9M | $2.8B | ||
| Q1 24 | $1.2B | $3.0B |
负债/权益比BNEDPATH
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 2.44× | — | ||
| Q1 24 | 0.25× | — |
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 | $66.2M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $61.9M | $25.1M |
| 自由现金流率自由现金流/营收 | 10.4% | 6.1% |
| 资本支出强度资本支出/营收 | 0.7% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.65× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $-4.6M | — |
8季度趋势，按日历期对齐
经营现金流BNEDPATH
| Q4 25 | $66.2M | $28.3M | ||
| Q3 25 | $-67.6M | $41.6M | ||
| Q2 25 | $52.6M | $119.0M | ||
| Q1 25 | $-41.9M | $146.1M | ||
| Q4 24 | $47.4M | $28.1M | ||
| Q3 24 | $-143.5M | $46.4M | ||
| Q2 24 | $81.7M | $100.0M | ||
| Q1 24 | $-35.8M | $145.6M |
自由现金流BNEDPATH
| Q4 25 | $61.9M | $25.1M | ||
| Q3 25 | $-71.3M | — | ||
| Q2 25 | $49.5M | $106.2M | ||
| Q1 25 | $-44.7M | $138.7M | ||
| Q4 24 | $44.4M | $23.2M | ||
| Q3 24 | $-147.5M | $45.0M | ||
| Q2 24 | $79.1M | $98.8M | ||
| Q1 24 | $-39.0M | $141.8M |
自由现金流率BNEDPATH
| Q4 25 | 10.4% | 6.1% | ||
| Q3 25 | -26.0% | — | ||
| Q2 25 | 21.3% | 29.8% | ||
| Q1 25 | -10.7% | 32.7% | ||
| Q4 24 | 7.9% | 6.5% | ||
| Q3 24 | -58.8% | 14.2% | ||
| Q2 24 | 41.1% | 29.5% | ||
| Q1 24 | -9.4% | 35.0% |
资本支出强度BNEDPATH
| Q4 25 | 0.7% | 0.8% | ||
| Q3 25 | 1.4% | 0.0% | ||
| Q2 25 | 1.3% | 3.6% | ||
| Q1 25 | 0.7% | 1.7% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 1.4% | 0.4% | ||
| Q1 24 | 0.8% | 0.9% |
现金转化率BNEDPATH
| Q4 25 | 2.65× | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | -2.34× | 2.82× | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
