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DT Midstream, Inc.（DTM）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DT Midstream, Inc.的1.3倍（$411.1M vs $317.0M），UiPath, Inc.净利率更高（48.4% vs 35.0%，领先13.4%），DT Midstream, Inc.同比增速更快（27.3% vs 15.9%），DT Midstream, Inc.自由现金流更多（$30.0M vs $25.1M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs 0.7%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
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。
DTM vs PATH — 直观对比
营收规模更大
PATH
是对方的1.3倍
$317.0M
营收增速更快
DTM
高出11.4%
15.9%
净利率更高
PATH
高出13.4%
35.0%
自由现金流更多
DTM
多$4.9M
$25.1M
两年增速更快
DTM
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $411.1M |
| 净利润 | $111.0M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 49.2% | 3.2% |
| 净利率 | 35.0% | 48.4% |
| 营收同比 | 27.3% | 15.9% |
| 净利润同比 | 52.1% | 1966.2% |
| 每股收益（稀释后） | $1.07 | $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DTMPATH
| Q4 25 | $317.0M | $411.1M | ||
| Q3 25 | $314.0M | $361.7M | ||
| Q2 25 | $309.0M | $356.6M | ||
| Q1 25 | $303.0M | $423.6M | ||
| Q4 24 | $249.0M | $354.7M | ||
| Q3 24 | $248.0M | $316.3M | ||
| Q2 24 | $244.0M | $335.1M | ||
| Q1 24 | $240.0M | $405.3M |
净利润DTMPATH
| Q4 25 | $111.0M | $198.8M | ||
| Q3 25 | $115.0M | $1.6M | ||
| Q2 25 | $107.0M | $-22.6M | ||
| Q1 25 | $108.0M | $51.8M | ||
| Q4 24 | $73.0M | $-10.7M | ||
| Q3 24 | $88.0M | $-86.1M | ||
| Q2 24 | $96.0M | $-28.7M | ||
| Q1 24 | $97.0M | $33.9M |
毛利率DTMPATH
| 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DTMPATH
| Q4 25 | 49.2% | 3.2% | ||
| Q3 25 | 49.4% | -5.6% | ||
| Q2 25 | 50.2% | -4.6% | ||
| Q1 25 | 48.8% | 7.9% | ||
| Q4 24 | 45.4% | -12.2% | ||
| Q3 24 | 49.2% | -32.7% | ||
| Q2 24 | 53.3% | -14.8% | ||
| Q1 24 | 51.7% | 3.7% |
净利率DTMPATH
| Q4 25 | 35.0% | 48.4% | ||
| Q3 25 | 36.6% | 0.4% | ||
| Q2 25 | 34.6% | -6.3% | ||
| Q1 25 | 35.6% | 12.2% | ||
| Q4 24 | 29.3% | -3.0% | ||
| Q3 24 | 35.5% | -27.2% | ||
| Q2 24 | 39.3% | -8.6% | ||
| Q1 24 | 40.4% | 8.4% |
每股收益（稀释后）DTMPATH
| Q4 25 | $1.07 | $0.37 | ||
| Q3 25 | $1.13 | $0.00 | ||
| Q2 25 | $1.04 | $-0.04 | ||
| Q1 25 | $1.06 | $0.09 | ||
| Q4 24 | $0.73 | $-0.02 | ||
| Q3 24 | $0.90 | $-0.15 | ||
| Q2 24 | $0.98 | $-0.05 | ||
| Q1 24 | $0.99 | $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 | $54.0M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $1.9B |
| 总资产 | $10.1B | $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DTMPATH
| Q4 25 | $54.0M | $1.4B | ||
| Q3 25 | $98.0M | $1.4B | ||
| Q2 25 | $74.0M | $1.6B | ||
| Q1 25 | $83.0M | $1.6B | ||
| Q4 24 | $68.0M | $1.6B | ||
| Q3 24 | $77.0M | $1.7B | ||
| Q2 24 | $73.0M | $1.9B | ||
| Q1 24 | $41.0M | $1.9B |
总债务DTMPATH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DTMPATH
| Q4 25 | $4.7B | $1.9B | ||
| Q3 25 | $4.7B | $1.7B | ||
| Q2 25 | $4.7B | $1.7B | ||
| Q1 25 | $4.6B | $1.8B | ||
| Q4 24 | $4.6B | $1.7B | ||
| Q3 24 | $4.2B | $1.8B | ||
| Q2 24 | $4.2B | $2.0B | ||
| Q1 24 | $4.2B | $2.0B |
总资产DTMPATH
| Q4 25 | $10.1B | $2.9B | ||
| Q3 25 | $10.1B | $2.6B | ||
| Q2 25 | $10.0B | $2.6B | ||
| Q1 25 | $9.9B | $2.9B | ||
| Q4 24 | $9.9B | $2.7B | ||
| Q3 24 | $8.6B | $2.7B | ||
| Q2 24 | $9.0B | $2.8B | ||
| Q1 24 | $9.0B | $3.0B |
负债/权益比DTMPATH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.72× | — | ||
| 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 | $161.0M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $25.1M |
| 自由现金流率自由现金流/营收 | 9.5% | 6.1% |
| 资本支出强度资本支出/营收 | 41.3% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.45× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $441.0M | — |
8季度趋势，按日历期对齐
经营现金流DTMPATH
| Q4 25 | $161.0M | $28.3M | ||
| Q3 25 | $274.0M | $41.6M | ||
| Q2 25 | $185.0M | $119.0M | ||
| Q1 25 | $247.0M | $146.1M | ||
| Q4 24 | $152.0M | $28.1M | ||
| Q3 24 | $205.0M | $46.4M | ||
| Q2 24 | $165.0M | $100.0M | ||
| Q1 24 | $241.0M | $145.6M |
自由现金流DTMPATH
| Q4 25 | $30.0M | $25.1M | ||
| Q3 25 | $131.0M | — | ||
| Q2 25 | $104.0M | $106.2M | ||
| Q1 25 | $176.0M | $138.7M | ||
| Q4 24 | $62.0M | $23.2M | ||
| Q3 24 | $124.0M | $45.0M | ||
| Q2 24 | $84.0M | $98.8M | ||
| Q1 24 | $143.0M | $141.8M |
自由现金流率DTMPATH
| Q4 25 | 9.5% | 6.1% | ||
| Q3 25 | 41.7% | — | ||
| Q2 25 | 33.7% | 29.8% | ||
| Q1 25 | 58.1% | 32.7% | ||
| Q4 24 | 24.9% | 6.5% | ||
| Q3 24 | 50.0% | 14.2% | ||
| Q2 24 | 34.4% | 29.5% | ||
| Q1 24 | 59.6% | 35.0% |
资本支出强度DTMPATH
| Q4 25 | 41.3% | 0.8% | ||
| Q3 25 | 45.5% | 0.0% | ||
| Q2 25 | 26.2% | 3.6% | ||
| Q1 25 | 23.4% | 1.7% | ||
| Q4 24 | 36.1% | 1.4% | ||
| Q3 24 | 32.7% | 0.4% | ||
| Q2 24 | 33.2% | 0.4% | ||
| Q1 24 | 40.8% | 0.9% |
现金转化率DTMPATH
| Q4 25 | 1.45× | 0.14× | ||
| Q3 25 | 2.38× | 26.25× | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 2.29× | 2.82× | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 1.72× | — | ||
| Q1 24 | 2.48× | 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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
