vs
Funko, Inc.（FNKO）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Funko, Inc.的1.5倍（$411.1M vs $273.1M），UiPath, Inc.净利率更高（48.4% vs -0.1%，领先48.4%），UiPath, Inc.同比增速更快（15.9% vs -7.0%），UiPath, Inc.自由现金流更多（$25.1M vs $19.2M），过去两年Funko, Inc.的营收复合增速更高（12.5% vs 0.7%）
Funko是一家美国知名流行文化周边收藏品牌，主打获得IP授权的限量收藏商品，以 vinyl 搪胶收藏人偶和摇头公仔闻名，同时也生产授权毛绒玩具、可动玩偶、服饰、配件及周边桌游。该品牌由迈克·贝克尔与克劳迪娅·贝克尔于1998年创立，最初只是主打复古怀旧风的小型手工玩具项目。
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。
FNKO vs PATH — 直观对比
营收规模更大
PATH
是对方的1.5倍
$273.1M
营收增速更快
PATH
高出22.9%
-7.0%
净利率更高
PATH
高出48.4%
-0.1%
自由现金流更多
PATH
多$5.9M
$19.2M
两年增速更快
FNKO
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.1M | $411.1M |
| 净利润 | $-183.0K | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 2.2% | 3.2% |
| 净利率 | -0.1% | 48.4% |
| 营收同比 | -7.0% | 15.9% |
| 净利润同比 | 87.8% | 1966.2% |
| 每股收益（稀释后） | $0.00 | $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FNKOPATH
| Q4 25 | $273.1M | $411.1M | ||
| Q3 25 | $250.9M | $361.7M | ||
| Q2 25 | $193.5M | $356.6M | ||
| Q1 25 | $190.7M | $423.6M | ||
| Q4 24 | $293.7M | $354.7M | ||
| Q3 24 | $292.8M | $316.3M | ||
| Q2 24 | $247.7M | $335.1M | ||
| Q1 24 | $215.7M | $405.3M |
净利润FNKOPATH
| Q4 25 | $-183.0K | $198.8M | ||
| Q3 25 | $901.0K | $1.6M | ||
| Q2 25 | $-40.5M | $-22.6M | ||
| Q1 25 | $-27.6M | $51.8M | ||
| Q4 24 | $-1.5M | $-10.7M | ||
| Q3 24 | $4.3M | $-86.1M | ||
| Q2 24 | $5.1M | $-28.7M | ||
| Q1 24 | $-22.7M | $33.9M |
毛利率FNKOPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | 40.9% | 80.0% | ||
| Q2 24 | 42.0% | 83.5% | ||
| Q1 24 | 40.0% | 86.8% |
营业利润率FNKOPATH
| Q4 25 | 2.2% | 3.2% | ||
| Q3 25 | 2.6% | -5.6% | ||
| Q2 25 | -18.0% | -4.6% | ||
| Q1 25 | -12.2% | 7.9% | ||
| Q4 24 | 1.8% | -12.2% | ||
| Q3 24 | 4.0% | -32.7% | ||
| Q2 24 | 4.3% | -14.8% | ||
| Q1 24 | -6.9% | 3.7% |
净利率FNKOPATH
| Q4 25 | -0.1% | 48.4% | ||
| Q3 25 | 0.4% | 0.4% | ||
| Q2 25 | -20.9% | -6.3% | ||
| Q1 25 | -14.5% | 12.2% | ||
| Q4 24 | -0.5% | -3.0% | ||
| Q3 24 | 1.5% | -27.2% | ||
| Q2 24 | 2.1% | -8.6% | ||
| Q1 24 | -10.5% | 8.4% |
每股收益（稀释后）FNKOPATH
| Q4 25 | $0.00 | $0.37 | ||
| Q3 25 | $0.02 | $0.00 | ||
| Q2 25 | $-0.74 | $-0.04 | ||
| Q1 25 | $-0.52 | $0.09 | ||
| Q4 24 | $-0.01 | $-0.02 | ||
| Q3 24 | $0.08 | $-0.15 | ||
| Q2 24 | $0.10 | $-0.05 | ||
| Q1 24 | $-0.45 | $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 | $42.1M | $1.4B |
| 总债务越低越好 | $100.3M | — |
| 股东权益账面价值 | $185.8M | $1.9B |
| 总资产 | $685.2M | $2.9B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资FNKOPATH
| Q4 25 | $42.1M | $1.4B | ||
| Q3 25 | $39.2M | $1.4B | ||
| Q2 25 | $49.2M | $1.6B | ||
| Q1 25 | $25.9M | $1.6B | ||
| Q4 24 | $34.7M | $1.6B | ||
| Q3 24 | $28.5M | $1.7B | ||
| Q2 24 | $41.6M | $1.9B | ||
| Q1 24 | $26.1M | $1.9B |
总债务FNKOPATH
| Q4 25 | $100.3M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $117.2M | — | ||
| Q4 24 | $122.8M | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $133.9M | — | ||
| Q1 24 | $139.4M | — |
股东权益FNKOPATH
| Q4 25 | $185.8M | $1.9B | ||
| Q3 25 | $182.7M | $1.7B | ||
| Q2 25 | $181.2M | $1.7B | ||
| Q1 25 | $212.8M | $1.8B | ||
| Q4 24 | $233.0M | $1.7B | ||
| Q3 24 | $236.5M | $1.8B | ||
| Q2 24 | $223.5M | $2.0B | ||
| Q1 24 | $212.5M | $2.0B |
总资产FNKOPATH
| Q4 25 | $685.2M | $2.9B | ||
| Q3 25 | $699.3M | $2.6B | ||
| Q2 25 | $694.9M | $2.6B | ||
| Q1 25 | $648.4M | $2.9B | ||
| Q4 24 | $707.3M | $2.7B | ||
| Q3 24 | $783.6M | $2.7B | ||
| Q2 24 | $737.8M | $2.8B | ||
| Q1 24 | $725.5M | $3.0B |
负债/权益比FNKOPATH
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.66× | — |
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 | $28.1M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $19.2M | $25.1M |
| 自由现金流率自由现金流/营收 | 7.0% | 6.1% |
| 资本支出强度资本支出/营收 | 3.3% | 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 | $-38.1M | — |
8季度趋势，按日历期对齐
经营现金流FNKOPATH
| Q4 25 | $28.1M | $28.3M | ||
| Q3 25 | $11.2M | $41.6M | ||
| Q2 25 | $-22.2M | $119.0M | ||
| Q1 25 | $-22.3M | $146.1M | ||
| Q4 24 | $59.8M | $28.1M | ||
| Q3 24 | $3.3M | $46.4M | ||
| Q2 24 | $45.9M | $100.0M | ||
| Q1 24 | $14.5M | $145.6M |
自由现金流FNKOPATH
| Q4 25 | $19.2M | $25.1M | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $-31.8M | $106.2M | ||
| Q1 25 | $-28.8M | $138.7M | ||
| Q4 24 | $47.8M | $23.2M | ||
| Q3 24 | $-4.2M | $45.0M | ||
| Q2 24 | $36.8M | $98.8M | ||
| Q1 24 | $10.3M | $141.8M |
自由现金流率FNKOPATH
| Q4 25 | 7.0% | 6.1% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | -16.5% | 29.8% | ||
| Q1 25 | -15.1% | 32.7% | ||
| Q4 24 | 16.3% | 6.5% | ||
| Q3 24 | -1.4% | 14.2% | ||
| Q2 24 | 14.9% | 29.5% | ||
| Q1 24 | 4.8% | 35.0% |
资本支出强度FNKOPATH
| Q4 25 | 3.3% | 0.8% | ||
| Q3 25 | 3.1% | 0.0% | ||
| Q2 25 | 5.0% | 3.6% | ||
| Q1 25 | 3.4% | 1.7% | ||
| Q4 24 | 4.1% | 1.4% | ||
| Q3 24 | 2.6% | 0.4% | ||
| Q2 24 | 3.7% | 0.4% | ||
| Q1 24 | 1.9% | 0.9% |
现金转化率FNKOPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 12.47× | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 8.97× | — | ||
| Q1 24 | — | 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
FNKO
| Core Collectibles | $221.0M | 81% |
| Loungefly LLC | $43.1M | 16% |
| Other Products Excluding Core Collectibles And Loungefly Brands | $9.0M | 3% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
