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伊萨（ESAB）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
伊萨的季度营收约是UiPath, Inc.的1.8倍（$727.8M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 7.5%，领先40.8%），UiPath, Inc.同比增速更快（15.9% vs 8.5%），伊萨自由现金流更多（$70.3M vs $25.1M），过去两年伊萨的营收复合增速更高（2.8% vs 0.7%）
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
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。
ESAB vs PATH — 直观对比
营收规模更大
ESAB
是对方的1.8倍
$411.1M
营收增速更快
PATH
高出7.4%
8.5%
净利率更高
PATH
高出40.8%
7.5%
自由现金流更多
ESAB
多$45.2M
$25.1M
两年增速更快
ESAB
近两年复合增速
0.7%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $727.8M | $411.1M |
| 净利润 | $54.8M | $198.8M |
| 毛利率 | 37.0% | 83.3% |
| 营业利润率 | 14.6% | 3.2% |
| 净利率 | 7.5% | 48.4% |
| 营收同比 | 8.5% | 15.9% |
| 净利润同比 | 2.1% | 1966.2% |
| 每股收益（稀释后） | $0.90 | $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ESABPATH
| Q4 25 | $727.8M | $411.1M | ||
| Q3 25 | $715.6M | $361.7M | ||
| Q2 25 | $678.1M | $356.6M | ||
| Q1 25 | — | $423.6M | ||
| Q4 24 | $670.8M | $354.7M | ||
| Q3 24 | $673.3M | $316.3M | ||
| Q2 24 | $707.1M | $335.1M | ||
| Q1 24 | $689.7M | $405.3M |
净利润ESABPATH
| Q4 25 | $54.8M | $198.8M | ||
| Q3 25 | $66.9M | $1.6M | ||
| Q2 25 | $67.4M | $-22.6M | ||
| Q1 25 | — | $51.8M | ||
| Q4 24 | $53.7M | $-10.7M | ||
| Q3 24 | $68.2M | $-86.1M | ||
| Q2 24 | $82.9M | $-28.7M | ||
| Q1 24 | $60.0M | $33.9M |
毛利率ESABPATH
| Q4 25 | 37.0% | 83.3% | ||
| Q3 25 | 37.2% | 82.2% | ||
| Q2 25 | 37.6% | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | 38.5% | 82.0% | ||
| Q3 24 | 37.7% | 80.0% | ||
| Q2 24 | 38.2% | 83.5% | ||
| Q1 24 | 37.0% | 86.8% |
营业利润率ESABPATH
| Q4 25 | 14.6% | 3.2% | ||
| Q3 25 | 15.2% | -5.6% | ||
| Q2 25 | 16.2% | -4.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | 16.6% | -12.2% | ||
| Q3 24 | 15.7% | -32.7% | ||
| Q2 24 | 16.9% | -14.8% | ||
| Q1 24 | 16.0% | 3.7% |
净利率ESABPATH
| Q4 25 | 7.5% | 48.4% | ||
| Q3 25 | 9.3% | 0.4% | ||
| Q2 25 | 9.9% | -6.3% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | 8.0% | -3.0% | ||
| Q3 24 | 10.1% | -27.2% | ||
| Q2 24 | 11.7% | -8.6% | ||
| Q1 24 | 8.7% | 8.4% |
每股收益（稀释后）ESABPATH
| Q4 25 | $0.90 | $0.37 | ||
| Q3 25 | $1.09 | $0.00 | ||
| Q2 25 | $1.10 | $-0.04 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | $0.87 | $-0.02 | ||
| Q3 24 | $1.11 | $-0.15 | ||
| Q2 24 | $1.35 | $-0.05 | ||
| Q1 24 | $0.98 | $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 | $218.2M | $1.4B |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $2.1B | $1.9B |
| 总资产 | $4.9B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资ESABPATH
| Q4 25 | $218.2M | $1.4B | ||
| Q3 25 | $258.2M | $1.4B | ||
| Q2 25 | $291.3M | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $249.4M | $1.6B | ||
| Q3 24 | $253.7M | $1.7B | ||
| Q2 24 | $228.5M | $1.9B | ||
| Q1 24 | $76.5M | $1.9B |
总债务ESABPATH
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
股东权益ESABPATH
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.6B | $2.0B |
总资产ESABPATH
| Q4 25 | $4.9B | $2.9B | ||
| Q3 25 | $4.4B | $2.6B | ||
| Q2 25 | $4.2B | $2.6B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $4.0B | $2.7B | ||
| Q3 24 | $4.1B | $2.7B | ||
| Q2 24 | $4.0B | $2.8B | ||
| Q1 24 | $3.8B | $3.0B |
负债/权益比ESABPATH
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.61× | — |
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 | $81.5M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $70.3M | $25.1M |
| 自由现金流率自由现金流/营收 | 9.7% | 6.1% |
| 资本支出强度资本支出/营收 | 1.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.49× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $238.0M | — |
8季度趋势，按日历期对齐
经营现金流ESABPATH
| Q4 25 | $81.5M | $28.3M | ||
| Q3 25 | $46.6M | $41.6M | ||
| Q2 25 | $35.4M | $119.0M | ||
| Q1 25 | — | $146.1M | ||
| Q4 24 | $126.9M | $28.1M | ||
| Q3 24 | $101.0M | $46.4M | ||
| Q2 24 | $83.0M | $100.0M | ||
| Q1 24 | $44.5M | $145.6M |
自由现金流ESABPATH
| Q4 25 | $70.3M | $25.1M | ||
| Q3 25 | $37.4M | — | ||
| Q2 25 | $28.1M | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | $102.2M | $23.2M | ||
| Q3 24 | $90.4M | $45.0M | ||
| Q2 24 | $74.0M | $98.8M | ||
| Q1 24 | $37.1M | $141.8M |
自由现金流率ESABPATH
| Q4 25 | 9.7% | 6.1% | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.1% | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | 15.2% | 6.5% | ||
| Q3 24 | 13.4% | 14.2% | ||
| Q2 24 | 10.5% | 29.5% | ||
| Q1 24 | 5.4% | 35.0% |
资本支出强度ESABPATH
| Q4 25 | 1.5% | 0.8% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 1.1% | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 3.7% | 1.4% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 1.3% | 0.4% | ||
| Q1 24 | 1.1% | 0.9% |
现金转化率ESABPATH
| Q4 25 | 1.49× | 0.14× | ||
| Q3 25 | 0.70× | 26.25× | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | 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
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
