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Fortrea Holdings Inc.（FTRE）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
Fortrea Holdings Inc.的季度营收约是UiPath, Inc.的1.6倍（$660.5M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs -4.9%，领先53.3%），UiPath, Inc.同比增速更快（15.9% vs -5.2%），Fortrea Holdings Inc.自由现金流更多（$121.6M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -0.1%）
Fortrea Holdings Inc.是一家总部位于美国北卡罗来纳州达勒姆、注册地为特拉华州的合同研究组织，业务覆盖90个国家，主要服务制药、生物技术和医疗器械行业客户，为相关领域的研发提供专业支持。
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。
FTRE vs PATH — 直观对比
营收规模更大
FTRE
是对方的1.6倍
$411.1M
营收增速更快
PATH
高出21.2%
-5.2%
净利率更高
PATH
高出53.3%
-4.9%
自由现金流更多
FTRE
多$96.5M
$25.1M
两年增速更快
PATH
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $660.5M | $411.1M |
| 净利润 | $-32.5M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | -2.1% | 3.2% |
| 净利率 | -4.9% | 48.4% |
| 营收同比 | -5.2% | 15.9% |
| 净利润同比 | 46.9% | 1966.2% |
| 每股收益（稀释后） | $-0.25 | $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FTREPATH
| Q4 25 | $660.5M | $411.1M | ||
| Q3 25 | $701.3M | $361.7M | ||
| Q2 25 | $710.3M | $356.6M | ||
| Q1 25 | $651.3M | $423.6M | ||
| Q4 24 | $697.0M | $354.7M | ||
| Q3 24 | $674.9M | $316.3M | ||
| Q2 24 | $662.4M | $335.1M | ||
| Q1 24 | $662.1M | $405.3M |
净利润FTREPATH
| Q4 25 | $-32.5M | $198.8M | ||
| Q3 25 | $-15.9M | $1.6M | ||
| Q2 25 | $-374.9M | $-22.6M | ||
| Q1 25 | $-562.9M | $51.8M | ||
| Q4 24 | $-61.2M | $-10.7M | ||
| Q3 24 | $-27.9M | $-86.1M | ||
| Q2 24 | $-138.4M | $-28.7M | ||
| Q1 24 | $-101.0M | $33.9M |
毛利率FTREPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率FTREPATH
| Q4 25 | -2.1% | 3.2% | ||
| Q3 25 | -1.2% | -5.6% | ||
| Q2 25 | -46.5% | -4.6% | ||
| Q1 25 | -79.9% | 7.9% | ||
| Q4 24 | -8.0% | -12.2% | ||
| Q3 24 | -2.7% | -32.7% | ||
| Q2 24 | -7.7% | -14.8% | ||
| Q1 24 | -5.6% | 3.7% |
净利率FTREPATH
| Q4 25 | -4.9% | 48.4% | ||
| Q3 25 | -2.3% | 0.4% | ||
| Q2 25 | -52.8% | -6.3% | ||
| Q1 25 | -86.4% | 12.2% | ||
| Q4 24 | -8.8% | -3.0% | ||
| Q3 24 | -4.1% | -27.2% | ||
| Q2 24 | -20.9% | -8.6% | ||
| Q1 24 | -15.3% | 8.4% |
每股收益（稀释后）FTREPATH
| Q4 25 | $-0.25 | $0.37 | ||
| Q3 25 | $-0.17 | $0.00 | ||
| Q2 25 | $-4.14 | $-0.04 | ||
| Q1 25 | $-6.25 | $0.09 | ||
| Q4 24 | $-0.68 | $-0.02 | ||
| Q3 24 | $-0.31 | $-0.15 | ||
| Q2 24 | $-1.55 | $-0.05 | ||
| Q1 24 | $-1.13 | $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 | $174.6M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $563.5M | $1.9B |
| 总资产 | $2.7B | $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FTREPATH
| Q4 25 | $174.6M | $1.4B | ||
| Q3 25 | $131.3M | $1.4B | ||
| Q2 25 | $81.2M | $1.6B | ||
| Q1 25 | $101.6M | $1.6B | ||
| Q4 24 | $118.5M | $1.6B | ||
| Q3 24 | $105.3M | $1.7B | ||
| Q2 24 | $126.2M | $1.9B | ||
| Q1 24 | $92.8M | $1.9B |
股东权益FTREPATH
| Q4 25 | $563.5M | $1.9B | ||
| Q3 25 | $580.8M | $1.7B | ||
| Q2 25 | $589.2M | $1.7B | ||
| Q1 25 | $858.8M | $1.8B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.6B | $2.0B |
总资产FTREPATH
| Q4 25 | $2.7B | $2.9B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $2.8B | $2.6B | ||
| Q1 25 | $3.1B | $2.9B | ||
| Q4 24 | $3.6B | $2.7B | ||
| Q3 24 | $3.7B | $2.7B | ||
| Q2 24 | $3.6B | $2.8B | ||
| Q1 24 | $4.2B | $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 | $129.1M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $121.6M | $25.1M |
| 自由现金流率自由现金流/营收 | 18.4% | 6.1% |
| 资本支出强度资本支出/营收 | 1.1% | 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 | $88.3M | — |
8季度趋势，按日历期对齐
经营现金流FTREPATH
| Q4 25 | $129.1M | $28.3M | ||
| Q3 25 | $86.8M | $41.6M | ||
| Q2 25 | $21.8M | $119.0M | ||
| Q1 25 | $-124.2M | $146.1M | ||
| Q4 24 | $17.1M | $28.1M | ||
| Q3 24 | $-2.4M | $46.4M | ||
| Q2 24 | $273.7M | $100.0M | ||
| Q1 24 | $-25.6M | $145.6M |
自由现金流FTREPATH
| Q4 25 | $121.6M | $25.1M | ||
| Q3 25 | $79.5M | — | ||
| Q2 25 | $14.3M | $106.2M | ||
| Q1 25 | $-127.1M | $138.7M | ||
| Q4 24 | $13.9M | $23.2M | ||
| Q3 24 | $-10.6M | $45.0M | ||
| Q2 24 | $262.5M | $98.8M | ||
| Q1 24 | $-34.9M | $141.8M |
自由现金流率FTREPATH
| Q4 25 | 18.4% | 6.1% | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 2.0% | 29.8% | ||
| Q1 25 | -19.5% | 32.7% | ||
| Q4 24 | 2.0% | 6.5% | ||
| Q3 24 | -1.6% | 14.2% | ||
| Q2 24 | 39.6% | 29.5% | ||
| Q1 24 | -5.3% | 35.0% |
资本支出强度FTREPATH
| Q4 25 | 1.1% | 0.8% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 1.1% | 3.6% | ||
| Q1 25 | 0.4% | 1.7% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 1.2% | 0.4% | ||
| Q2 24 | 1.7% | 0.4% | ||
| Q1 24 | 1.4% | 0.9% |
现金转化率FTREPATH
| 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
FTRE
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
