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化石集团（FOSL）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.的季度营收约是化石集团的1.5倍（$411.1M vs $270.2M），UiPath, Inc.净利率更高（48.4% vs -14.8%，领先63.2%），UiPath, Inc.同比增速更快（15.9% vs -21.1%），UiPath, Inc.自由现金流更多（$25.1M vs $-22.5M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -11.4%）
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
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。
FOSL vs PATH — 直观对比
营收规模更大
PATH
是对方的1.5倍
$270.2M
营收增速更快
PATH
高出37.0%
-21.1%
净利率更高
PATH
高出63.2%
-14.8%
自由现金流更多
PATH
多$47.6M
$-22.5M
两年增速更快
PATH
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $411.1M |
| 净利润 | $-40.0M | $198.8M |
| 毛利率 | 49.0% | 83.3% |
| 营业利润率 | -8.0% | 3.2% |
| 净利率 | -14.8% | 48.4% |
| 营收同比 | -21.1% | 15.9% |
| 净利润同比 | -257.8% | 1966.2% |
| 每股收益（稀释后） | $-0.76 | $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FOSLPATH
| Q4 25 | $270.2M | $411.1M | ||
| Q3 25 | $220.4M | $361.7M | ||
| Q2 25 | $233.3M | $356.6M | ||
| Q1 25 | — | $423.6M | ||
| Q4 24 | $342.3M | $354.7M | ||
| Q3 24 | $287.8M | $316.3M | ||
| Q2 24 | $260.0M | $335.1M | ||
| Q1 24 | $254.9M | $405.3M |
净利润FOSLPATH
| Q4 25 | $-40.0M | $198.8M | ||
| Q3 25 | $-2.1M | $1.6M | ||
| Q2 25 | $-17.9M | $-22.6M | ||
| Q1 25 | — | $51.8M | ||
| Q4 24 | $-11.2M | $-10.7M | ||
| Q3 24 | $-31.9M | $-86.1M | ||
| Q2 24 | $-38.8M | $-28.7M | ||
| Q1 24 | $-24.3M | $33.9M |
毛利率FOSLPATH
| Q4 25 | 49.0% | 83.3% | ||
| Q3 25 | 57.5% | 82.2% | ||
| Q2 25 | 61.3% | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | 53.9% | 82.0% | ||
| Q3 24 | 49.4% | 80.0% | ||
| Q2 24 | 52.6% | 83.5% | ||
| Q1 24 | 52.4% | 86.8% |
营业利润率FOSLPATH
| Q4 25 | -8.0% | 3.2% | ||
| Q3 25 | 3.9% | -5.6% | ||
| Q2 25 | -2.9% | -4.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | -4.8% | -12.2% | ||
| Q3 24 | -8.5% | -32.7% | ||
| Q2 24 | -13.1% | -14.8% | ||
| Q1 24 | -11.5% | 3.7% |
净利率FOSLPATH
| Q4 25 | -14.8% | 48.4% | ||
| Q3 25 | -1.0% | 0.4% | ||
| Q2 25 | -7.7% | -6.3% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | -3.3% | -3.0% | ||
| Q3 24 | -11.1% | -27.2% | ||
| Q2 24 | -14.9% | -8.6% | ||
| Q1 24 | -9.5% | 8.4% |
每股收益（稀释后）FOSLPATH
| Q4 25 | $-0.76 | $0.37 | ||
| Q3 25 | $-0.04 | $0.00 | ||
| Q2 25 | $-0.33 | $-0.04 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | $-0.15 | $-0.02 | ||
| Q3 24 | $-0.60 | $-0.15 | ||
| Q2 24 | $-0.73 | $-0.05 | ||
| Q1 24 | $-0.46 | $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 | $79.2M | $1.4B |
| 总债务越低越好 | $169.1M | — |
| 股东权益账面价值 | $112.6M | $1.9B |
| 总资产 | $701.0M | $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FOSLPATH
| Q4 25 | $79.2M | $1.4B | ||
| Q3 25 | $109.9M | $1.4B | ||
| Q2 25 | $78.3M | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $123.6M | $1.6B | ||
| Q3 24 | $106.3M | $1.7B | ||
| Q2 24 | $104.9M | $1.9B | ||
| Q1 24 | $112.9M | $1.9B |
总债务FOSLPATH
| Q4 25 | $169.1M | — | ||
| Q3 25 | $165.6M | — | ||
| Q2 25 | $167.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $162.7M | — | ||
| Q3 24 | $173.4M | — | ||
| Q2 24 | $156.5M | — | ||
| Q1 24 | $202.9M | — |
股东权益FOSLPATH
| Q4 25 | $112.6M | $1.9B | ||
| Q3 25 | $150.3M | $1.7B | ||
| Q2 25 | $140.6M | $1.7B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $148.7M | $1.7B | ||
| Q3 24 | $164.4M | $1.8B | ||
| Q2 24 | $189.6M | $2.0B | ||
| Q1 24 | $229.1M | $2.0B |
总资产FOSLPATH
| Q4 25 | $701.0M | $2.9B | ||
| Q3 25 | $704.5M | $2.6B | ||
| Q2 25 | $686.0M | $2.6B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $763.6M | $2.7B | ||
| Q3 24 | $812.4M | $2.7B | ||
| Q2 24 | $785.7M | $2.8B | ||
| Q1 24 | $891.0M | $3.0B |
负债/权益比FOSLPATH
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 0.83× | — | ||
| Q1 24 | 0.89× | — |
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 | $-22.2M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $25.1M |
| 自由现金流率自由现金流/营收 | -8.3% | 6.1% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $-46.0M | — |
8季度趋势，按日历期对齐
经营现金流FOSLPATH
| Q4 25 | $-22.2M | $28.3M | ||
| Q3 25 | $9.4M | $41.6M | ||
| Q2 25 | $-60.4M | $119.0M | ||
| Q1 25 | — | $146.1M | ||
| Q4 24 | $30.5M | $28.1M | ||
| Q3 24 | $-22.8M | $46.4M | ||
| Q2 24 | $38.4M | $100.0M | ||
| Q1 24 | $622.0K | $145.6M |
自由现金流FOSLPATH
| Q4 25 | $-22.5M | $25.1M | ||
| Q3 25 | $8.6M | — | ||
| Q2 25 | $-60.6M | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | $28.5M | $23.2M | ||
| Q3 24 | $-24.1M | $45.0M | ||
| Q2 24 | $36.6M | $98.8M | ||
| Q1 24 | $-1.1M | $141.8M |
自由现金流率FOSLPATH
| Q4 25 | -8.3% | 6.1% | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -26.0% | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | 8.3% | 6.5% | ||
| Q3 24 | -8.4% | 14.2% | ||
| Q2 24 | 14.1% | 29.5% | ||
| Q1 24 | -0.4% | 35.0% |
资本支出强度FOSLPATH
| Q4 25 | 0.1% | 0.8% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.1% | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.7% | 0.4% | ||
| Q1 24 | 0.7% | 0.9% |
现金转化率FOSLPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
