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奔特力系统（BSY）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.的季度营收约是奔特力系统的1.0倍（$411.1M vs $391.6M），UiPath, Inc.净利率更高（48.4% vs 15.0%，领先33.4%），UiPath, Inc.同比增速更快（15.9% vs 11.9%），奔特力系统自由现金流更多（$136.2M vs $25.1M），过去两年奔特力系统的营收复合增速更高（7.7% vs 0.7%）
奔特力系统是总部位于美国的软件开发企业，面向全球基础设施的设计、建造及运营全周期，提供软件产品授权、销售及相关技术支持服务。旗下产品覆盖建筑、工厂、土木、地理空间等领域，广泛应用于建筑工程施工及运营场景，支撑各类大型建成资产的全生命周期管理。
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。
BSY vs PATH — 直观对比
营收规模更大
PATH
是对方的1.0倍
$391.6M
营收增速更快
PATH
高出4.0%
11.9%
净利率更高
PATH
高出33.4%
15.0%
自由现金流更多
BSY
多$111.1M
$25.1M
两年增速更快
BSY
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $391.6M | $411.1M |
| 净利润 | $58.6M | $198.8M |
| 毛利率 | 81.9% | 83.3% |
| 营业利润率 | 20.0% | 3.2% |
| 净利率 | 15.0% | 48.4% |
| 营收同比 | 11.9% | 15.9% |
| 净利润同比 | 17.1% | 1966.2% |
| 每股收益（稀释后） | $0.17 | $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BSYPATH
| Q4 25 | $391.6M | $411.1M | ||
| Q3 25 | $375.5M | $361.7M | ||
| Q2 25 | $364.1M | $356.6M | ||
| Q1 25 | $370.5M | $423.6M | ||
| Q4 24 | $349.8M | $354.7M | ||
| Q3 24 | $335.2M | $316.3M | ||
| Q2 24 | $330.3M | $335.1M | ||
| Q1 24 | $337.8M | $405.3M |
净利润BSYPATH
| Q4 25 | $58.6M | $198.8M | ||
| Q3 25 | $57.4M | $1.6M | ||
| Q2 25 | $70.5M | $-22.6M | ||
| Q1 25 | $91.4M | $51.8M | ||
| Q4 24 | $50.1M | $-10.7M | ||
| Q3 24 | $42.3M | $-86.1M | ||
| Q2 24 | $72.0M | $-28.7M | ||
| Q1 24 | $70.3M | $33.9M |
毛利率BSYPATH
| Q4 25 | 81.9% | 83.3% | ||
| Q3 25 | 80.8% | 82.2% | ||
| Q2 25 | 81.1% | 82.1% | ||
| Q1 25 | 82.3% | 84.8% | ||
| Q4 24 | 80.6% | 82.0% | ||
| Q3 24 | 80.7% | 80.0% | ||
| Q2 24 | 80.9% | 83.5% | ||
| Q1 24 | 81.7% | 86.8% |
营业利润率BSYPATH
| Q4 25 | 20.0% | 3.2% | ||
| Q3 25 | 22.5% | -5.6% | ||
| Q2 25 | 23.2% | -4.6% | ||
| Q1 25 | 31.1% | 7.9% | ||
| Q4 24 | 17.6% | -12.2% | ||
| Q3 24 | 20.5% | -32.7% | ||
| Q2 24 | 24.3% | -14.8% | ||
| Q1 24 | 27.2% | 3.7% |
净利率BSYPATH
| Q4 25 | 15.0% | 48.4% | ||
| Q3 25 | 15.3% | 0.4% | ||
| Q2 25 | 19.4% | -6.3% | ||
| Q1 25 | 24.7% | 12.2% | ||
| Q4 24 | 14.3% | -3.0% | ||
| Q3 24 | 12.6% | -27.2% | ||
| Q2 24 | 21.8% | -8.6% | ||
| Q1 24 | 20.8% | 8.4% |
每股收益（稀释后）BSYPATH
| Q4 25 | $0.17 | $0.37 | ||
| Q3 25 | $0.18 | $0.00 | ||
| Q2 25 | $0.22 | $-0.04 | ||
| Q1 25 | $0.28 | $0.09 | ||
| Q4 24 | $0.15 | $-0.02 | ||
| Q3 24 | $0.13 | $-0.15 | ||
| Q2 24 | $0.22 | $-0.05 | ||
| Q1 24 | $0.22 | $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 | $123.3M | $1.4B |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $1.2B | $1.9B |
| 总资产 | $3.6B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.05× | — |
8季度趋势，按日历期对齐
现金及短期投资BSYPATH
| Q4 25 | $123.3M | $1.4B | ||
| Q3 25 | $165.4M | $1.4B | ||
| Q2 25 | $89.6M | $1.6B | ||
| Q1 25 | $83.6M | $1.6B | ||
| Q4 24 | $64.0M | $1.6B | ||
| Q3 24 | $72.2M | $1.7B | ||
| Q2 24 | $51.3M | $1.9B | ||
| Q1 24 | $141.6M | $1.9B |
总债务BSYPATH
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.4B | — |
股东权益BSYPATH
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $984.5M | $2.0B | ||
| Q1 24 | $932.6M | $2.0B |
总资产BSYPATH
| Q4 25 | $3.6B | $2.9B | ||
| Q3 25 | $3.5B | $2.6B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.4B | $2.9B | ||
| Q4 24 | $3.4B | $2.7B | ||
| Q3 24 | $3.4B | $2.7B | ||
| Q2 24 | $3.3B | $2.8B | ||
| Q1 24 | $3.4B | $3.0B |
负债/权益比BSYPATH
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | 1.07× | — | ||
| Q1 25 | 1.13× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.36× | — | ||
| Q1 24 | 1.54× | — |
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 | $141.6M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $136.2M | $25.1M |
| 自由现金流率自由现金流/营收 | 34.8% | 6.1% |
| 资本支出强度资本支出/营收 | 1.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.41× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $520.2M | — |
8季度趋势，按日历期对齐
经营现金流BSYPATH
| Q4 25 | $141.6M | $28.3M | ||
| Q3 25 | $116.4M | $41.6M | ||
| Q2 25 | $61.1M | $119.0M | ||
| Q1 25 | $219.4M | $146.1M | ||
| Q4 24 | $81.6M | $28.1M | ||
| Q3 24 | $86.1M | $46.4M | ||
| Q2 24 | $62.6M | $100.0M | ||
| Q1 24 | $205.0M | $145.6M |
自由现金流BSYPATH
| Q4 25 | $136.2M | $25.1M | ||
| Q3 25 | $110.7M | — | ||
| Q2 25 | $57.0M | $106.2M | ||
| Q1 25 | $216.4M | $138.7M | ||
| Q4 24 | $76.1M | $23.2M | ||
| Q3 24 | $84.3M | $45.0M | ||
| Q2 24 | $59.5M | $98.8M | ||
| Q1 24 | $201.4M | $141.8M |
自由现金流率BSYPATH
| Q4 25 | 34.8% | 6.1% | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 15.7% | 29.8% | ||
| Q1 25 | 58.4% | 32.7% | ||
| Q4 24 | 21.7% | 6.5% | ||
| Q3 24 | 25.1% | 14.2% | ||
| Q2 24 | 18.0% | 29.5% | ||
| Q1 24 | 59.6% | 35.0% |
资本支出强度BSYPATH
| Q4 25 | 1.4% | 0.8% | ||
| Q3 25 | 1.5% | 0.0% | ||
| Q2 25 | 1.1% | 3.6% | ||
| Q1 25 | 0.8% | 1.7% | ||
| Q4 24 | 1.6% | 1.4% | ||
| Q3 24 | 0.5% | 0.4% | ||
| Q2 24 | 0.9% | 0.4% | ||
| Q1 24 | 1.1% | 0.9% |
现金转化率BSYPATH
| Q4 25 | 2.41× | 0.14× | ||
| Q3 25 | 2.03× | 26.25× | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | 2.40× | 2.82× | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 2.92× | 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
BSY
| Enterprise License Subscriptions | $163.4M | 42% |
| Term License Subscriptions | $122.7M | 31% |
| SELECT Subscriptions | $70.6M | 18% |
| Professional Services Other | $17.2M | 4% |
| Perpetual Licenses | $14.3M | 4% |
| Professional Services Recurring | $3.5M | 1% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
