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杜比实验室（DLB）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.的季度营收约是杜比实验室的1.0倍（$411.1M vs $395.6M），UiPath, Inc.净利率更高（48.4% vs 24.0%，领先24.4%），UiPath, Inc.同比增速更快（15.9% vs 7.1%），过去两年杜比实验室的营收复合增速更高（13.9% vs 0.7%）
杜比实验室是一家美国科技企业，专注于音频降噪、音频编码压缩、空间音频及高动态范围（HDR）影像等技术的研发，旗下技术广泛授权给全球各地的消费电子制造商使用，助力终端产品为用户带来更出色的视听体验。
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。
DLB vs PATH — 直观对比
营收规模更大
PATH
是对方的1.0倍
$395.6M
营收增速更快
PATH
高出8.9%
7.1%
净利率更高
PATH
高出24.4%
24.0%
两年增速更快
DLB
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $395.6M | $411.1M |
| 净利润 | $94.9M | $198.8M |
| 毛利率 | 88.7% | 83.3% |
| 营业利润率 | 28.5% | 3.2% |
| 净利率 | 24.0% | 48.4% |
| 营收同比 | 7.1% | 15.9% |
| 净利润同比 | 3.4% | 1966.2% |
| 每股收益（稀释后） | $0.99 | $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DLBPATH
| Q2 26 | $395.6M | — | ||
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $411.1M | ||
| Q3 25 | $307.0M | $361.7M | ||
| Q2 25 | $315.5M | $356.6M | ||
| Q1 25 | $369.6M | $423.6M | ||
| Q4 24 | $357.0M | $354.7M | ||
| Q3 24 | $304.8M | $316.3M |
净利润DLBPATH
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $198.8M | ||
| Q3 25 | $49.3M | $1.6M | ||
| Q2 25 | $46.1M | $-22.6M | ||
| Q1 25 | $91.8M | $51.8M | ||
| Q4 24 | $67.8M | $-10.7M | ||
| Q3 24 | $58.6M | $-86.1M |
毛利率DLBPATH
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 83.3% | ||
| Q3 25 | 87.1% | 82.2% | ||
| Q2 25 | 86.1% | 82.1% | ||
| Q1 25 | 90.3% | 84.8% | ||
| Q4 24 | 88.6% | 82.0% | ||
| Q3 24 | 88.8% | 80.0% |
营业利润率DLBPATH
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 3.2% | ||
| Q3 25 | 9.7% | -5.6% | ||
| Q2 25 | 15.1% | -4.6% | ||
| Q1 25 | 29.2% | 7.9% | ||
| Q4 24 | 22.4% | -12.2% | ||
| Q3 24 | 15.2% | -32.7% |
净利率DLBPATH
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 48.4% | ||
| Q3 25 | 16.1% | 0.4% | ||
| Q2 25 | 14.6% | -6.3% | ||
| Q1 25 | 24.8% | 12.2% | ||
| Q4 24 | 19.0% | -3.0% | ||
| Q3 24 | 19.2% | -27.2% |
每股收益（稀释后）DLBPATH
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.37 | ||
| Q3 25 | $0.50 | $0.00 | ||
| Q2 25 | $0.48 | $-0.04 | ||
| Q1 25 | $0.94 | $0.09 | ||
| Q4 24 | $0.70 | $-0.02 | ||
| Q3 24 | $0.59 | $-0.15 |
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 | $594.7M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $1.9B |
| 总资产 | $3.2B | $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DLBPATH
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $1.4B | ||
| Q3 25 | $702.6M | $1.4B | ||
| Q2 25 | $699.3M | $1.6B | ||
| Q1 25 | $626.6M | $1.6B | ||
| Q4 24 | $520.8M | $1.6B | ||
| Q3 24 | $482.0M | $1.7B |
股东权益DLBPATH
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.5B | $1.8B |
总资产DLBPATH
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.2B | $2.6B | ||
| Q2 25 | $3.2B | $2.6B | ||
| Q1 25 | $3.2B | $2.9B | ||
| Q4 24 | $3.2B | $2.7B | ||
| Q3 24 | $3.1B | $2.7B |
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 | $147.3M | $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 | 1.55× | 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DLBPATH
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $28.3M | ||
| Q3 25 | $472.2M | $41.6M | ||
| Q2 25 | $67.7M | $119.0M | ||
| Q1 25 | $174.9M | $146.1M | ||
| Q4 24 | $106.8M | $28.1M | ||
| Q3 24 | $327.3M | $46.4M |
自由现金流DLBPATH
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $25.1M | ||
| Q3 25 | $435.9M | — | ||
| Q2 25 | $61.3M | $106.2M | ||
| Q1 25 | $168.0M | $138.7M | ||
| Q4 24 | $100.0M | $23.2M | ||
| Q3 24 | $297.2M | $45.0M |
自由现金流率DLBPATH
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 6.1% | ||
| Q3 25 | 142.0% | — | ||
| Q2 25 | 19.4% | 29.8% | ||
| Q1 25 | 45.5% | 32.7% | ||
| Q4 24 | 28.0% | 6.5% | ||
| Q3 24 | 97.5% | 14.2% |
资本支出强度DLBPATH
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.8% | ||
| Q3 25 | 11.8% | 0.0% | ||
| Q2 25 | 2.0% | 3.6% | ||
| Q1 25 | 1.9% | 1.7% | ||
| Q4 24 | 1.9% | 1.4% | ||
| Q3 24 | 9.8% | 0.4% |
现金转化率DLBPATH
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 0.14× | ||
| Q3 25 | 9.57× | 26.25× | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.91× | 2.82× | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 5.59× | — |
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
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
