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Dynatrace, Inc.（DT）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
Dynatrace, Inc.的季度营收约是UiPath, Inc.的1.3倍（$515.5M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 7.8%，领先40.6%），Dynatrace, Inc.同比增速更快（18.2% vs 15.9%），Dynatrace, Inc.自由现金流更多（$27.2M vs $25.1M），过去两年Dynatrace, Inc.的营收复合增速更高（16.3% vs 0.7%）
Dynatrace是总部位于美国的跨国科技企业，主打AI驱动的可观测性平台，旗下软件可用于应用性能监控分析、软件开发流程优化、网络安全防护、IT基础设施运维及用户体验提升等场景，为各行业客户的数字化运营提供有力技术支撑。
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。
DT vs PATH — 直观对比
营收规模更大
DT
是对方的1.3倍
$411.1M
营收增速更快
DT
高出2.3%
15.9%
净利率更高
PATH
高出40.6%
7.8%
自由现金流更多
DT
多$2.1M
$25.1M
两年增速更快
DT
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $515.5M | $411.1M |
| 净利润 | $40.1M | $198.8M |
| 毛利率 | 81.4% | 83.3% |
| 营业利润率 | 14.1% | 3.2% |
| 净利率 | 7.8% | 48.4% |
| 营收同比 | 18.2% | 15.9% |
| 净利润同比 | -88.9% | 1966.2% |
| 每股收益（稀释后） | $0.13 | $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DTPATH
| Q4 25 | $515.5M | $411.1M | ||
| Q3 25 | $493.8M | $361.7M | ||
| Q2 25 | $477.3M | $356.6M | ||
| Q1 25 | $445.2M | $423.6M | ||
| Q4 24 | $436.2M | $354.7M | ||
| Q3 24 | $418.1M | $316.3M | ||
| Q2 24 | $399.2M | $335.1M | ||
| Q1 24 | $380.8M | $405.3M |
净利润DTPATH
| Q4 25 | $40.1M | $198.8M | ||
| Q3 25 | $57.2M | $1.6M | ||
| Q2 25 | $48.0M | $-22.6M | ||
| Q1 25 | $39.3M | $51.8M | ||
| Q4 24 | $361.8M | $-10.7M | ||
| Q3 24 | $44.0M | $-86.1M | ||
| Q2 24 | $38.6M | $-28.7M | ||
| Q1 24 | $37.9M | $33.9M |
毛利率DTPATH
| Q4 25 | 81.4% | 83.3% | ||
| Q3 25 | 81.8% | 82.2% | ||
| Q2 25 | 82.1% | 82.1% | ||
| Q1 25 | 80.9% | 84.8% | ||
| Q4 24 | 81.1% | 82.0% | ||
| Q3 24 | 81.4% | 80.0% | ||
| Q2 24 | 81.3% | 83.5% | ||
| Q1 24 | 81.1% | 86.8% |
营业利润率DTPATH
| Q4 25 | 14.1% | 3.2% | ||
| Q3 25 | 14.8% | -5.6% | ||
| Q2 25 | 13.1% | -4.6% | ||
| Q1 25 | 9.6% | 7.9% | ||
| Q4 24 | 10.9% | -12.2% | ||
| Q3 24 | 11.2% | -32.7% | ||
| Q2 24 | 10.5% | -14.8% | ||
| Q1 24 | 6.1% | 3.7% |
净利率DTPATH
| Q4 25 | 7.8% | 48.4% | ||
| Q3 25 | 11.6% | 0.4% | ||
| Q2 25 | 10.0% | -6.3% | ||
| Q1 25 | 8.8% | 12.2% | ||
| Q4 24 | 82.9% | -3.0% | ||
| Q3 24 | 10.5% | -27.2% | ||
| Q2 24 | 9.7% | -8.6% | ||
| Q1 24 | 10.0% | 8.4% |
每股收益（稀释后）DTPATH
| Q4 25 | $0.13 | $0.37 | ||
| Q3 25 | $0.19 | $0.00 | ||
| Q2 25 | $0.16 | $-0.04 | ||
| Q1 25 | $0.12 | $0.09 | ||
| Q4 24 | $1.19 | $-0.02 | ||
| Q3 24 | $0.15 | $-0.15 | ||
| Q2 24 | $0.13 | $-0.05 | ||
| Q1 24 | $0.13 | $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 | $1.2B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $1.9B |
| 总资产 | $4.1B | $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DTPATH
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.0B | $1.9B | ||
| Q1 24 | $836.9M | $1.9B |
股东权益DTPATH
| Q4 25 | $2.7B | $1.9B | ||
| Q3 25 | $2.8B | $1.7B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.1B | $2.0B | ||
| Q1 24 | $2.0B | $2.0B |
总资产DTPATH
| Q4 25 | $4.1B | $2.9B | ||
| Q3 25 | $4.1B | $2.6B | ||
| Q2 25 | $4.1B | $2.6B | ||
| Q1 25 | $4.1B | $2.9B | ||
| Q4 24 | $3.7B | $2.7B | ||
| Q3 24 | $3.3B | $2.7B | ||
| Q2 24 | $3.3B | $2.8B | ||
| Q1 24 | $3.4B | $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 | $33.8M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $27.2M | $25.1M |
| 自由现金流率自由现金流/营收 | 5.3% | 6.1% |
| 资本支出强度资本支出/营收 | 1.3% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.84× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $465.5M | — |
8季度趋势，按日历期对齐
经营现金流DTPATH
| Q4 25 | $33.8M | $28.3M | ||
| Q3 25 | $32.0M | $41.6M | ||
| Q2 25 | $269.7M | $119.0M | ||
| Q1 25 | $162.8M | $146.1M | ||
| Q4 24 | $42.2M | $28.1M | ||
| Q3 24 | $23.6M | $46.4M | ||
| Q2 24 | $230.7M | $100.0M | ||
| Q1 24 | $131.7M | $145.6M |
自由现金流DTPATH
| Q4 25 | $27.2M | $25.1M | ||
| Q3 25 | $27.8M | — | ||
| Q2 25 | $262.2M | $106.2M | ||
| Q1 25 | $148.2M | $138.7M | ||
| Q4 24 | $37.6M | $23.2M | ||
| Q3 24 | $20.1M | $45.0M | ||
| Q2 24 | $227.4M | $98.8M | ||
| Q1 24 | $121.9M | $141.8M |
自由现金流率DTPATH
| Q4 25 | 5.3% | 6.1% | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 54.9% | 29.8% | ||
| Q1 25 | 33.3% | 32.7% | ||
| Q4 24 | 8.6% | 6.5% | ||
| Q3 24 | 4.8% | 14.2% | ||
| Q2 24 | 57.0% | 29.5% | ||
| Q1 24 | 32.0% | 35.0% |
资本支出强度DTPATH
| Q4 25 | 1.3% | 0.8% | ||
| Q3 25 | 0.8% | 0.0% | ||
| Q2 25 | 1.6% | 3.6% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 1.1% | 1.4% | ||
| Q3 24 | 0.8% | 0.4% | ||
| Q2 24 | 0.8% | 0.4% | ||
| Q1 24 | 2.6% | 0.9% |
现金转化率DTPATH
| Q4 25 | 0.84× | 0.14× | ||
| Q3 25 | 0.56× | 26.25× | ||
| Q2 25 | 5.62× | — | ||
| Q1 25 | 4.14× | 2.82× | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 5.97× | — | ||
| Q1 24 | 3.47× | 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
DT
| Subscription And Circulation | $493.4M | 96% |
| Services | $22.1M | 4% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
