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Designer Brands Inc.（DBI）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
Designer Brands Inc.的季度营收约是UiPath, Inc.的1.8倍（$752.4M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 2.4%，领先45.9%），UiPath, Inc.同比增速更快（15.9% vs -3.2%），Designer Brands Inc.自由现金流更多（$57.5M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -0.1%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
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。
DBI vs PATH — 直观对比
营收规模更大
DBI
是对方的1.8倍
$411.1M
营收增速更快
PATH
高出19.1%
-3.2%
净利率更高
PATH
高出45.9%
2.4%
自由现金流更多
DBI
多$32.4M
$25.1M
两年增速更快
PATH
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $411.1M |
| 净利润 | $18.2M | $198.8M |
| 毛利率 | 45.1% | 83.3% |
| 营业利润率 | 5.7% | 3.2% |
| 净利率 | 2.4% | 48.4% |
| 营收同比 | -3.2% | 15.9% |
| 净利润同比 | 40.0% | 1966.2% |
| 每股收益（稀释后） | $0.35 | $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DBIPATH
| Q4 25 | $752.4M | $411.1M | ||
| Q3 25 | $739.8M | $361.7M | ||
| Q2 25 | $686.9M | $356.6M | ||
| Q1 25 | $713.6M | $423.6M | ||
| Q4 24 | $777.2M | $354.7M | ||
| Q3 24 | $771.9M | $316.3M | ||
| Q2 24 | $746.6M | $335.1M | ||
| Q1 24 | $754.3M | $405.3M |
净利润DBIPATH
| Q4 25 | $18.2M | $198.8M | ||
| Q3 25 | $10.8M | $1.6M | ||
| Q2 25 | $-17.4M | $-22.6M | ||
| Q1 25 | $-38.2M | $51.8M | ||
| Q4 24 | $13.0M | $-10.7M | ||
| Q3 24 | $13.8M | $-86.1M | ||
| Q2 24 | $783.0K | $-28.7M | ||
| Q1 24 | $-29.6M | $33.9M |
毛利率DBIPATH
| Q4 25 | 45.1% | 83.3% | ||
| Q3 25 | 43.7% | 82.2% | ||
| Q2 25 | 43.0% | 82.1% | ||
| Q1 25 | 75.7% | 84.8% | ||
| Q4 24 | 43.0% | 82.0% | ||
| Q3 24 | 44.0% | 80.0% | ||
| Q2 24 | 44.2% | 83.5% | ||
| Q1 24 | 38.8% | 86.8% |
营业利润率DBIPATH
| Q4 25 | 5.7% | 3.2% | ||
| Q3 25 | 3.6% | -5.6% | ||
| Q2 25 | -1.1% | -4.6% | ||
| Q1 25 | -3.6% | 7.9% | ||
| Q4 24 | 2.9% | -12.2% | ||
| Q3 24 | 3.7% | -32.7% | ||
| Q2 24 | 1.3% | -14.8% | ||
| Q1 24 | -4.8% | 3.7% |
净利率DBIPATH
| Q4 25 | 2.4% | 48.4% | ||
| Q3 25 | 1.5% | 0.4% | ||
| Q2 25 | -2.5% | -6.3% | ||
| Q1 25 | -5.3% | 12.2% | ||
| Q4 24 | 1.7% | -3.0% | ||
| Q3 24 | 1.8% | -27.2% | ||
| Q2 24 | 0.1% | -8.6% | ||
| Q1 24 | -3.9% | 8.4% |
每股收益（稀释后）DBIPATH
| Q4 25 | $0.35 | $0.37 | ||
| Q3 25 | $0.22 | $0.00 | ||
| Q2 25 | $-0.36 | $-0.04 | ||
| Q1 25 | $-0.69 | $0.09 | ||
| Q4 24 | $0.24 | $-0.02 | ||
| Q3 24 | $0.24 | $-0.15 | ||
| Q2 24 | $0.01 | $-0.05 | ||
| Q1 24 | $-899.54 | $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 | $51.4M | $1.4B |
| 总债务越低越好 | $463.1M | — |
| 股东权益账面价值 | $298.6M | $1.9B |
| 总资产 | $2.1B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DBIPATH
| Q4 25 | $51.4M | $1.4B | ||
| Q3 25 | $44.9M | $1.4B | ||
| Q2 25 | $46.0M | $1.6B | ||
| Q1 25 | $44.8M | $1.6B | ||
| Q4 24 | $36.2M | $1.6B | ||
| Q3 24 | $38.8M | $1.7B | ||
| Q2 24 | $43.4M | $1.9B | ||
| Q1 24 | $49.2M | $1.9B |
总债务DBIPATH
| Q4 25 | $463.1M | — | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | — | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | — | ||
| Q1 24 | $420.3M | — |
股东权益DBIPATH
| Q4 25 | $298.6M | $1.9B | ||
| Q3 25 | $280.8M | $1.7B | ||
| Q2 25 | $266.9M | $1.7B | ||
| Q1 25 | $278.5M | $1.8B | ||
| Q4 24 | $318.5M | $1.7B | ||
| Q3 24 | $355.5M | $1.8B | ||
| Q2 24 | $358.5M | $2.0B | ||
| Q1 24 | $359.2M | $2.0B |
总资产DBIPATH
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.1B | $2.6B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.0B | $2.9B | ||
| Q4 24 | $2.1B | $2.7B | ||
| Q3 24 | $2.1B | $2.7B | ||
| Q2 24 | $2.2B | $2.8B | ||
| Q1 24 | $2.1B | $3.0B |
负债/权益比DBIPATH
| Q4 25 | 1.55× | — | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | — |
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 | $66.5M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $25.1M |
| 自由现金流率自由现金流/营收 | 7.6% | 6.1% |
| 资本支出强度资本支出/营收 | 1.2% | 0.8% |
| 现金转化率经营现金流/净利润 | 3.65× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $99.9M | — |
8季度趋势，按日历期对齐
经营现金流DBIPATH
| Q4 25 | $66.5M | $28.3M | ||
| Q3 25 | $21.4M | $41.6M | ||
| Q2 25 | $-20.4M | $119.0M | ||
| Q1 25 | $70.1M | $146.1M | ||
| Q4 24 | $-9.8M | $28.1M | ||
| Q3 24 | $41.6M | $46.4M | ||
| Q2 24 | $-19.7M | $100.0M | ||
| Q1 24 | $-40.1M | $145.6M |
自由现金流DBIPATH
| Q4 25 | $57.5M | $25.1M | ||
| Q3 25 | $11.9M | — | ||
| Q2 25 | $-27.6M | $106.2M | ||
| Q1 25 | $58.1M | $138.7M | ||
| Q4 24 | $-19.2M | $23.2M | ||
| Q3 24 | $28.0M | $45.0M | ||
| Q2 24 | $-35.6M | $98.8M | ||
| Q1 24 | $-52.8M | $141.8M |
自由现金流率DBIPATH
| Q4 25 | 7.6% | 6.1% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | -4.0% | 29.8% | ||
| Q1 25 | 8.1% | 32.7% | ||
| Q4 24 | -2.5% | 6.5% | ||
| Q3 24 | 3.6% | 14.2% | ||
| Q2 24 | -4.8% | 29.5% | ||
| Q1 24 | -7.0% | 35.0% |
资本支出强度DBIPATH
| Q4 25 | 1.2% | 0.8% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 1.1% | 3.6% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 1.2% | 1.4% | ||
| Q3 24 | 1.8% | 0.4% | ||
| Q2 24 | 2.1% | 0.4% | ||
| Q1 24 | 1.7% | 0.9% |
现金转化率DBIPATH
| Q4 25 | 3.65× | 0.14× | ||
| Q3 25 | 1.98× | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | -0.75× | — | ||
| Q3 24 | 3.01× | — | ||
| Q2 24 | -25.13× | — | ||
| 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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
