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合众银行（CUBI）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.的季度营收约是合众银行的1.7倍（$411.1M vs $236.9M），合众银行同比增速更快（21.8% vs 15.9%），合众银行自由现金流更多（$481.0M vs $25.1M），过去两年合众银行的营收复合增速更高（14.2% vs 0.7%）
合众银行是总部位于美国明尼苏达州明尼阿波利斯、在特拉华州注册的跨国银行机构，2025年位列美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性。旗下核心运营主体为美国合众银行全国协会，提供银行、投资、按揭等多元金融服务。
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。
CUBI vs PATH — 直观对比
营收规模更大
PATH
是对方的1.7倍
$236.9M
营收增速更快
CUBI
高出5.9%
15.9%
自由现金流更多
CUBI
多$455.9M
$25.1M
两年增速更快
CUBI
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $236.9M | $411.1M |
| 净利润 | — | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 41.1% | 3.2% |
| 净利率 | — | 48.4% |
| 营收同比 | 21.8% | 15.9% |
| 净利润同比 | — | 1966.2% |
| 每股收益（稀释后） | $2.04 | $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CUBIPATH
| Q4 25 | $236.9M | $411.1M | ||
| Q3 25 | $232.1M | $361.7M | ||
| Q2 25 | $206.3M | $356.6M | ||
| Q1 25 | $143.0M | $423.6M | ||
| Q4 24 | $167.8M | $354.7M | ||
| Q3 24 | $167.1M | $316.3M | ||
| Q2 24 | $198.7M | $335.1M | ||
| Q1 24 | $181.6M | $405.3M |
净利润CUBIPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | $75.7M | $1.6M | ||
| Q2 25 | $60.9M | $-22.6M | ||
| Q1 25 | $12.9M | $51.8M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | $46.7M | $-86.1M | ||
| Q2 24 | $58.1M | $-28.7M | ||
| Q1 24 | $49.7M | $33.9M |
毛利率CUBIPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率CUBIPATH
| Q4 25 | 41.1% | 3.2% | ||
| Q3 25 | 43.2% | -5.6% | ||
| Q2 25 | 38.2% | -4.6% | ||
| Q1 25 | 8.3% | 7.9% | ||
| Q4 24 | 21.4% | -12.2% | ||
| Q3 24 | 27.5% | -32.7% | ||
| Q2 24 | 38.8% | -14.8% | ||
| Q1 24 | 36.0% | 3.7% |
净利率CUBIPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | 32.6% | 0.4% | ||
| Q2 25 | 29.5% | -6.3% | ||
| Q1 25 | 9.0% | 12.2% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | 28.0% | -27.2% | ||
| Q2 24 | 29.2% | -8.6% | ||
| Q1 24 | 27.4% | 8.4% |
每股收益（稀释后）CUBIPATH
| Q4 25 | $2.04 | $0.37 | ||
| Q3 25 | $2.20 | $0.00 | ||
| Q2 25 | $1.73 | $-0.04 | ||
| Q1 25 | $0.29 | $0.09 | ||
| Q4 24 | $0.72 | $-0.02 | ||
| Q3 24 | $1.31 | $-0.15 | ||
| Q2 24 | $1.66 | $-0.05 | ||
| Q1 24 | $1.40 | $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 | $4.4B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $1.9B |
| 总资产 | $24.9B | $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CUBIPATH
| Q4 25 | $4.4B | $1.4B | ||
| Q3 25 | $4.2B | $1.4B | ||
| Q2 25 | $3.5B | $1.6B | ||
| Q1 25 | $3.4B | $1.6B | ||
| Q4 24 | $3.8B | $1.6B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.0B | $1.9B | ||
| Q1 24 | $3.7B | $1.9B |
股东权益CUBIPATH
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.7B | $2.0B |
总资产CUBIPATH
| Q4 25 | $24.9B | $2.9B | ||
| Q3 25 | $24.3B | $2.6B | ||
| Q2 25 | $22.6B | $2.6B | ||
| Q1 25 | $22.4B | $2.9B | ||
| Q4 24 | $22.3B | $2.7B | ||
| Q3 24 | $21.5B | $2.7B | ||
| Q2 24 | $20.9B | $2.8B | ||
| Q1 24 | $21.3B | $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 | $494.8M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $481.0M | $25.1M |
| 自由现金流率自由现金流/营收 | 203.0% | 6.1% |
| 资本支出强度资本支出/营收 | 5.8% | 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 | $843.0M | — |
8季度趋势，按日历期对齐
经营现金流CUBIPATH
| Q4 25 | $494.8M | $28.3M | ||
| Q3 25 | $116.9M | $41.6M | ||
| Q2 25 | $162.2M | $119.0M | ||
| Q1 25 | $94.1M | $146.1M | ||
| Q4 24 | $145.1M | $28.1M | ||
| Q3 24 | $24.4M | $46.4M | ||
| Q2 24 | $6.1M | $100.0M | ||
| Q1 24 | $-18.8M | $145.6M |
自由现金流CUBIPATH
| Q4 25 | $481.0M | $25.1M | ||
| Q3 25 | $106.4M | — | ||
| Q2 25 | $162.1M | $106.2M | ||
| Q1 25 | $93.4M | $138.7M | ||
| Q4 24 | $143.6M | $23.2M | ||
| Q3 24 | $24.1M | $45.0M | ||
| Q2 24 | $5.8M | $98.8M | ||
| Q1 24 | $-19.2M | $141.8M |
自由现金流率CUBIPATH
| Q4 25 | 203.0% | 6.1% | ||
| Q3 25 | 45.9% | — | ||
| Q2 25 | 78.6% | 29.8% | ||
| Q1 25 | 65.4% | 32.7% | ||
| Q4 24 | 85.5% | 6.5% | ||
| Q3 24 | 14.4% | 14.2% | ||
| Q2 24 | 2.9% | 29.5% | ||
| Q1 24 | -10.6% | 35.0% |
资本支出强度CUBIPATH
| Q4 25 | 5.8% | 0.8% | ||
| Q3 25 | 4.5% | 0.0% | ||
| Q2 25 | 0.0% | 3.6% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 0.2% | 0.4% | ||
| Q2 24 | 0.2% | 0.4% | ||
| Q1 24 | 0.2% | 0.9% |
现金转化率CUBIPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 1.54× | 26.25× | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 7.29× | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.10× | — | ||
| Q1 24 | -0.38× | 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
CUBI
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
