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FMC CORP（FMC）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
FMC CORP的季度营收约是UiPath, Inc.的1.8倍（$759.0M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs -37.0%，领先85.4%），UiPath, Inc.同比增速更快（15.9% vs -4.0%），UiPath, Inc.自由现金流更多（$25.1M vs $-628.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -14.5%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs PATH — 直观对比
营收规模更大
FMC
是对方的1.8倍
$411.1M
营收增速更快
PATH
高出20.0%
-4.0%
净利率更高
PATH
高出85.4%
-37.0%
自由现金流更多
PATH
多$653.2M
$-628.1M
两年增速更快
PATH
近两年复合增速
-14.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $759.0M | $411.1M |
| 净利润 | $-281.2M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | -10.6% | 3.2% |
| 净利率 | -37.0% | 48.4% |
| 营收同比 | -4.0% | 15.9% |
| 净利润同比 | — | 1966.2% |
| 每股收益（稀释后） | $-2.25 | $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FMCPATH
| Q1 26 | $759.0M | — | ||
| Q4 25 | $1.1B | $411.1M | ||
| Q3 25 | $542.2M | $361.7M | ||
| Q2 25 | $1.1B | $356.6M | ||
| Q1 25 | $791.4M | $423.6M | ||
| Q4 24 | $1.2B | $354.7M | ||
| Q3 24 | $1.1B | $316.3M | ||
| Q2 24 | $1.0B | $335.1M |
净利润FMCPATH
| Q1 26 | $-281.2M | — | ||
| Q4 25 | $-1.7B | $198.8M | ||
| Q3 25 | $-569.3M | $1.6M | ||
| Q2 25 | $66.7M | $-22.6M | ||
| Q1 25 | $-15.5M | $51.8M | ||
| Q4 24 | $-16.3M | $-10.7M | ||
| Q3 24 | $65.0M | $-86.1M | ||
| Q2 24 | $295.1M | $-28.7M |
毛利率FMCPATH
| Q1 26 | — | — | ||
| Q4 25 | 39.8% | 83.3% | ||
| Q3 25 | 23.8% | 82.2% | ||
| Q2 25 | 38.7% | 82.1% | ||
| Q1 25 | 40.0% | 84.8% | ||
| Q4 24 | 42.9% | 82.0% | ||
| Q3 24 | 36.3% | 80.0% | ||
| Q2 24 | 38.3% | 83.5% |
营业利润率FMCPATH
| Q1 26 | -10.6% | — | ||
| Q4 25 | -130.8% | 3.2% | ||
| Q3 25 | -73.1% | -5.6% | ||
| Q2 25 | 12.0% | -4.6% | ||
| Q1 25 | 7.4% | 7.9% | ||
| Q4 24 | 19.2% | -12.2% | ||
| Q3 24 | 12.7% | -32.7% | ||
| Q2 24 | 6.0% | -14.8% |
净利率FMCPATH
| Q1 26 | -37.0% | — | ||
| Q4 25 | -158.8% | 48.4% | ||
| Q3 25 | -105.0% | 0.4% | ||
| Q2 25 | 6.3% | -6.3% | ||
| Q1 25 | -2.0% | 12.2% | ||
| Q4 24 | -1.3% | -3.0% | ||
| Q3 24 | 6.1% | -27.2% | ||
| Q2 24 | 28.4% | -8.6% |
每股收益（稀释后）FMCPATH
| Q1 26 | $-2.25 | — | ||
| Q4 25 | $-13.77 | $0.37 | ||
| Q3 25 | $-4.52 | $0.00 | ||
| Q2 25 | $0.53 | $-0.04 | ||
| Q1 25 | $-0.12 | $0.09 | ||
| Q4 24 | $-0.13 | $-0.02 | ||
| Q3 24 | $0.52 | $-0.15 | ||
| Q2 24 | $2.35 | $-0.05 |
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 | $390.9M | $1.4B |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $1.8B | $1.9B |
| 总资产 | $9.4B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FMCPATH
| Q1 26 | $390.9M | — | ||
| Q4 25 | $584.5M | $1.4B | ||
| Q3 25 | $497.7M | $1.4B | ||
| Q2 25 | $438.2M | $1.6B | ||
| Q1 25 | $315.3M | $1.6B | ||
| Q4 24 | $357.3M | $1.6B | ||
| Q3 24 | $416.7M | $1.7B | ||
| Q2 24 | $471.5M | $1.9B |
总债务FMCPATH
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — |
股东权益FMCPATH
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $4.4B | $1.7B | ||
| Q1 25 | $4.4B | $1.8B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.6B | $2.0B |
总资产FMCPATH
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.7B | $2.9B | ||
| Q3 25 | $12.1B | $2.6B | ||
| Q2 25 | $12.3B | $2.6B | ||
| Q1 25 | $11.8B | $2.9B | ||
| Q4 24 | $11.7B | $2.7B | ||
| Q3 24 | $12.2B | $2.7B | ||
| Q2 24 | $12.1B | $2.8B |
负债/权益比FMCPATH
| Q1 26 | 1.50× | — | ||
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.68× | — |
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 | — | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-628.1M | $25.1M |
| 自由现金流率自由现金流/营收 | -82.8% | 6.1% |
| 资本支出强度资本支出/营收 | 2.2% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.14× |
| 过去12个月自由现金流最近4个季度 | $-154.0M | — |
8季度趋势，按日历期对齐
经营现金流FMCPATH
| Q1 26 | — | — | ||
| Q4 25 | $657.1M | $28.3M | ||
| Q3 25 | $-184.2M | $41.6M | ||
| Q2 25 | $65.9M | $119.0M | ||
| Q1 25 | $-545.0M | $146.1M | ||
| Q4 24 | $427.9M | $28.1M | ||
| Q3 24 | $159.5M | $46.4M | ||
| Q2 24 | $292.2M | $100.0M |
自由现金流FMCPATH
| Q1 26 | $-628.1M | — | ||
| Q4 25 | $631.1M | $25.1M | ||
| Q3 25 | $-207.9M | — | ||
| Q2 25 | $50.9M | $106.2M | ||
| Q1 25 | $-576.6M | $138.7M | ||
| Q4 24 | $406.3M | $23.2M | ||
| Q3 24 | $143.8M | $45.0M | ||
| Q2 24 | $282.3M | $98.8M |
自由现金流率FMCPATH
| Q1 26 | -82.8% | — | ||
| Q4 25 | 58.3% | 6.1% | ||
| Q3 25 | -38.3% | — | ||
| Q2 25 | 4.8% | 29.8% | ||
| Q1 25 | -72.9% | 32.7% | ||
| Q4 24 | 33.2% | 6.5% | ||
| Q3 24 | 13.5% | 14.2% | ||
| Q2 24 | 27.2% | 29.5% |
资本支出强度FMCPATH
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.4% | 0.8% | ||
| Q3 25 | 4.4% | 0.0% | ||
| Q2 25 | 1.4% | 3.6% | ||
| Q1 25 | 4.0% | 1.7% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.0% | 0.4% |
现金转化率FMCPATH
| Q1 26 | — | — | ||
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.45× | — | ||
| Q2 24 | 0.99× | — |
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
FMC
| EMEA | $307.0M | 40% |
| North America | $198.0M | 26% |
| Latin America | $177.0M | 23% |
| Asia (excluding 2026 India) 1 | $81.0M | 11% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
