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CALIFORNIA WATER SERVICE GROUP（CWT）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CALIFORNIA WATER SERVICE GROUP的2.0倍（$411.1M vs $210.7M），UiPath, Inc.净利率更高（48.4% vs 5.4%，领先42.9%），UiPath, Inc.同比增速更快（15.9% vs -3.3%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 0.7%）
加利福尼亚水务集团是美国公共事业企业，主营饮用水及污水处理服务，是美国第三大上市投资者所有水务公司，通过加利福尼亚、夏威夷、新墨西哥、华盛顿等州的子公司，为约200万民众提供服务。集团成立于1997年，作为加州水务的控股主体，推动业务向美国其他各州拓展。
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。
CWT vs PATH — 直观对比
营收规模更大
PATH
是对方的2.0倍
$210.7M
营收增速更快
PATH
高出19.2%
-3.3%
净利率更高
PATH
高出42.9%
5.4%
两年增速更快
CWT
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $411.1M |
| 净利润 | $11.5M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 12.2% | 3.2% |
| 净利率 | 5.4% | 48.4% |
| 营收同比 | -3.3% | 15.9% |
| 净利润同比 | -41.0% | 1966.2% |
| 每股收益（稀释后） | $0.19 | $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CWTPATH
| Q4 25 | $210.7M | $411.1M | ||
| Q3 25 | $314.1M | $361.7M | ||
| Q2 25 | $256.2M | $356.6M | ||
| Q1 25 | $182.7M | $423.6M | ||
| Q4 24 | $217.8M | $354.7M | ||
| Q3 24 | $306.2M | $316.3M | ||
| Q2 24 | $226.7M | $335.1M | ||
| Q1 24 | $154.9M | $405.3M |
净利润CWTPATH
| Q4 25 | $11.5M | $198.8M | ||
| Q3 25 | $61.2M | $1.6M | ||
| Q2 25 | $42.2M | $-22.6M | ||
| Q1 25 | $13.3M | $51.8M | ||
| Q4 24 | $19.5M | $-10.7M | ||
| Q3 24 | $60.7M | $-86.1M | ||
| Q2 24 | $40.6M | $-28.7M | ||
| Q1 24 | $69.9M | $33.9M |
毛利率CWTPATH
| 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CWTPATH
| Q4 25 | 12.2% | 3.2% | ||
| Q3 25 | 22.5% | -5.6% | ||
| Q2 25 | 20.2% | -4.6% | ||
| Q1 25 | 12.2% | 7.9% | ||
| Q4 24 | 14.8% | -12.2% | ||
| Q3 24 | 21.8% | -32.7% | ||
| Q2 24 | 21.2% | -14.8% | ||
| Q1 24 | 50.3% | 3.7% |
净利率CWTPATH
| Q4 25 | 5.4% | 48.4% | ||
| Q3 25 | 19.5% | 0.4% | ||
| Q2 25 | 16.5% | -6.3% | ||
| Q1 25 | 7.3% | 12.2% | ||
| Q4 24 | 8.9% | -3.0% | ||
| Q3 24 | 19.8% | -27.2% | ||
| Q2 24 | 17.9% | -8.6% | ||
| Q1 24 | 45.1% | 8.4% |
每股收益（稀释后）CWTPATH
| Q4 25 | $0.19 | $0.37 | ||
| Q3 25 | $1.03 | $0.00 | ||
| Q2 25 | $0.71 | $-0.04 | ||
| Q1 25 | $0.22 | $0.09 | ||
| Q4 24 | $0.31 | $-0.02 | ||
| Q3 24 | $1.03 | $-0.15 | ||
| Q2 24 | $0.70 | $-0.05 | ||
| Q1 24 | $1.21 | $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 | $51.8M | $1.4B |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.7B | $1.9B |
| 总资产 | $5.7B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.87× | — |
8季度趋势，按日历期对齐
现金及短期投资CWTPATH
| Q4 25 | $51.8M | $1.4B | ||
| Q3 25 | $76.0M | $1.4B | ||
| Q2 25 | $50.5M | $1.6B | ||
| Q1 25 | $44.5M | $1.6B | ||
| Q4 24 | $50.1M | $1.6B | ||
| Q3 24 | $59.6M | $1.7B | ||
| Q2 24 | $37.3M | $1.9B | ||
| Q1 24 | $42.8M | $1.9B |
总债务CWTPATH
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CWTPATH
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $2.0B |
总资产CWTPATH
| Q4 25 | $5.7B | $2.9B | ||
| Q3 25 | $5.5B | $2.6B | ||
| Q2 25 | $5.4B | $2.6B | ||
| Q1 25 | $5.3B | $2.9B | ||
| Q4 24 | $5.2B | $2.7B | ||
| Q3 24 | $5.0B | $2.7B | ||
| Q2 24 | $4.9B | $2.8B | ||
| Q1 24 | $4.8B | $3.0B |
负债/权益比CWTPATH
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $47.9M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $25.1M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 4.17× | 0.14× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CWTPATH
| Q4 25 | $47.9M | $28.3M | ||
| Q3 25 | $167.3M | $41.6M | ||
| Q2 25 | $48.9M | $119.0M | ||
| Q1 25 | $38.4M | $146.1M | ||
| Q4 24 | $68.1M | $28.1M | ||
| Q3 24 | $101.8M | $46.4M | ||
| Q2 24 | $94.4M | $100.0M | ||
| Q1 24 | $26.5M | $145.6M |
自由现金流CWTPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率CWTPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度CWTPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率CWTPATH
| Q4 25 | 4.17× | 0.14× | ||
| Q3 25 | 2.73× | 26.25× | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 2.88× | 2.82× | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 2.33× | — | ||
| 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
CWT
| Residential | $133.2M | 63% |
| Business | $47.7M | 23% |
| Public Authorities | $13.4M | 6% |
| Industrial | $6.9M | 3% |
| Non Regulated Services | $4.8M | 2% |
| Other Non Regulated Service | $1.2M | 1% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
