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Freedom Holding Corp.（FRHC）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
Freedom Holding Corp.的季度营收约是UiPath, Inc.的1.5倍（$628.6M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 12.1%，领先36.2%），UiPath, Inc.同比增速更快（15.9% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $25.1M），过去两年Freedom Holding Corp.的营收复合增速更高（16.3% vs 0.7%）
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
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。
FRHC vs PATH — 直观对比
营收规模更大
FRHC
是对方的1.5倍
$411.1M
营收增速更快
PATH
高出20.0%
-4.1%
净利率更高
PATH
高出36.2%
12.1%
自由现金流更多
FRHC
多$626.6M
$25.1M
两年增速更快
FRHC
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $411.1M |
| 净利润 | $76.2M | $198.8M |
| 毛利率 | 96.0% | 83.3% |
| 营业利润率 | 14.9% | 3.2% |
| 净利率 | 12.1% | 48.4% |
| 营收同比 | -4.1% | 15.9% |
| 净利润同比 | -2.6% | 1966.2% |
| 每股收益（稀释后） | $1.25 | $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FRHCPATH
| Q4 25 | $628.6M | $411.1M | ||
| Q3 25 | $526.1M | $361.7M | ||
| Q2 25 | $533.4M | $356.6M | ||
| Q1 25 | $363.7M | $423.6M | ||
| Q4 24 | $655.2M | $354.7M | ||
| Q3 24 | $580.9M | $316.3M | ||
| Q2 24 | $450.7M | $335.1M | ||
| Q1 24 | $464.7M | $405.3M |
净利润FRHCPATH
| Q4 25 | $76.2M | $198.8M | ||
| Q3 25 | $38.7M | $1.6M | ||
| Q2 25 | $30.4M | $-22.6M | ||
| Q1 25 | $-142.7M | $51.8M | ||
| Q4 24 | $78.3M | $-10.7M | ||
| Q3 24 | $114.7M | $-86.1M | ||
| Q2 24 | $34.4M | $-28.7M | ||
| Q1 24 | $95.2M | $33.9M |
毛利率FRHCPATH
| Q4 25 | 96.0% | 83.3% | ||
| Q3 25 | 97.1% | 82.2% | ||
| Q2 25 | 97.4% | 82.1% | ||
| Q1 25 | 96.6% | 84.8% | ||
| Q4 24 | 98.6% | 82.0% | ||
| Q3 24 | 99.1% | 80.0% | ||
| Q2 24 | 99.0% | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率FRHCPATH
| Q4 25 | 14.9% | 3.2% | ||
| Q3 25 | 11.5% | -5.6% | ||
| Q2 25 | 7.6% | -4.6% | ||
| Q1 25 | -42.7% | 7.9% | ||
| Q4 24 | 15.0% | -12.2% | ||
| Q3 24 | 22.1% | -32.7% | ||
| Q2 24 | 9.2% | -14.8% | ||
| Q1 24 | 22.5% | 3.7% |
净利率FRHCPATH
| Q4 25 | 12.1% | 48.4% | ||
| Q3 25 | 7.4% | 0.4% | ||
| Q2 25 | 5.7% | -6.3% | ||
| Q1 25 | -39.2% | 12.2% | ||
| Q4 24 | 11.9% | -3.0% | ||
| Q3 24 | 19.7% | -27.2% | ||
| Q2 24 | 7.6% | -8.6% | ||
| Q1 24 | 20.5% | 8.4% |
每股收益（稀释后）FRHCPATH
| Q4 25 | $1.25 | $0.37 | ||
| Q3 25 | $0.63 | $0.00 | ||
| Q2 25 | $0.50 | $-0.04 | ||
| Q1 25 | $-2.35 | $0.09 | ||
| Q4 24 | $1.29 | $-0.02 | ||
| Q3 24 | $1.89 | $-0.15 | ||
| Q2 24 | $0.57 | $-0.05 | ||
| Q1 24 | $1.60 | $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 | $869.2M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $1.9B |
| 总资产 | $12.4B | $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FRHCPATH
| Q4 25 | $869.2M | $1.4B | ||
| Q3 25 | $636.0M | $1.4B | ||
| Q2 25 | $567.9M | $1.6B | ||
| Q1 25 | $837.3M | $1.6B | ||
| Q4 24 | $577.9M | $1.6B | ||
| Q3 24 | $569.2M | $1.7B | ||
| Q2 24 | $718.7M | $1.9B | ||
| Q1 24 | $545.1M | $1.9B |
股东权益FRHCPATH
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.2B | $2.0B |
总资产FRHCPATH
| Q4 25 | $12.4B | $2.9B | ||
| Q3 25 | $10.3B | $2.6B | ||
| Q2 25 | $9.7B | $2.6B | ||
| Q1 25 | $9.9B | $2.9B | ||
| Q4 24 | $9.1B | $2.7B | ||
| Q3 24 | $8.8B | $2.7B | ||
| Q2 24 | $8.5B | $2.8B | ||
| Q1 24 | $8.3B | $3.0B |
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 | $717.8M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $651.7M | $25.1M |
| 自由现金流率自由现金流/营收 | 103.7% | 6.1% |
| 资本支出强度资本支出/营收 | 10.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 9.42× | 0.14× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FRHCPATH
| Q4 25 | $717.8M | $28.3M | ||
| Q3 25 | $535.3M | $41.6M | ||
| Q2 25 | $480.8M | $119.0M | ||
| Q1 25 | $1.3B | $146.1M | ||
| Q4 24 | $-72.8M | $28.1M | ||
| Q3 24 | $-438.0M | $46.4M | ||
| Q2 24 | $854.1M | $100.0M | ||
| Q1 24 | $309.0M | $145.6M |
自由现金流FRHCPATH
| Q4 25 | $651.7M | $25.1M | ||
| Q3 25 | $456.4M | — | ||
| Q2 25 | $450.0M | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | $-92.7M | $23.2M | ||
| Q3 24 | $-447.5M | $45.0M | ||
| Q2 24 | $829.9M | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率FRHCPATH
| Q4 25 | 103.7% | 6.1% | ||
| Q3 25 | 86.7% | — | ||
| Q2 25 | 84.4% | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | -14.1% | 6.5% | ||
| Q3 24 | -77.0% | 14.2% | ||
| Q2 24 | 184.1% | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度FRHCPATH
| Q4 25 | 10.5% | 0.8% | ||
| Q3 25 | 15.0% | 0.0% | ||
| Q2 25 | 5.8% | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 3.0% | 1.4% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 5.4% | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率FRHCPATH
| Q4 25 | 9.42× | 0.14× | ||
| Q3 25 | 13.82× | 26.25× | ||
| Q2 25 | 15.82× | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -3.82× | — | ||
| Q2 24 | 24.83× | — | ||
| Q1 24 | 3.24× | 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
FRHC
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
