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GigaCloud Technology Inc（GCT）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GigaCloud Technology Inc的1.2倍（$411.1M vs $332.6M），UiPath, Inc.净利率更高（48.4% vs 11.2%，领先37.2%），UiPath, Inc.同比增速更快（15.9% vs 9.7%），GigaCloud Technology Inc自由现金流更多（$77.1M vs $25.1M），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% vs 0.7%）
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
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。
GCT vs PATH — 直观对比
营收规模更大
PATH
是对方的1.2倍
$332.6M
营收增速更快
PATH
高出6.3%
9.7%
净利率更高
PATH
高出37.2%
11.2%
自由现金流更多
GCT
多$52.0M
$25.1M
两年增速更快
GCT
近两年复合增速
0.7%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $411.1M |
| 净利润 | $37.2M | $198.8M |
| 毛利率 | 23.2% | 83.3% |
| 营业利润率 | 12.2% | 3.2% |
| 净利率 | 11.2% | 48.4% |
| 营收同比 | 9.7% | 15.9% |
| 净利润同比 | -8.6% | 1966.2% |
| 每股收益（稀释后） | $0.99 | $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GCTPATH
| Q4 25 | — | $411.1M | ||
| Q3 25 | $332.6M | $361.7M | ||
| Q2 25 | $322.6M | $356.6M | ||
| Q1 25 | $271.9M | $423.6M | ||
| Q4 24 | $295.8M | $354.7M | ||
| Q3 24 | $303.3M | $316.3M | ||
| Q2 24 | $310.9M | $335.1M | ||
| Q1 24 | $251.1M | $405.3M |
净利润GCTPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | $37.2M | $1.6M | ||
| Q2 25 | $34.6M | $-22.6M | ||
| Q1 25 | $27.1M | $51.8M | ||
| Q4 24 | $31.0M | $-10.7M | ||
| Q3 24 | $40.7M | $-86.1M | ||
| Q2 24 | $27.0M | $-28.7M | ||
| Q1 24 | $27.2M | $33.9M |
毛利率GCTPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | 23.2% | 82.2% | ||
| Q2 25 | 23.9% | 82.1% | ||
| Q1 25 | 23.4% | 84.8% | ||
| Q4 24 | 22.0% | 82.0% | ||
| Q3 24 | 25.5% | 80.0% | ||
| Q2 24 | 24.6% | 83.5% | ||
| Q1 24 | 26.5% | 86.8% |
营业利润率GCTPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | 12.2% | -5.6% | ||
| Q2 25 | 11.1% | -4.6% | ||
| Q1 25 | 10.4% | 7.9% | ||
| Q4 24 | 9.3% | -12.2% | ||
| Q3 24 | 13.4% | -32.7% | ||
| Q2 24 | 8.8% | -14.8% | ||
| Q1 24 | 13.9% | 3.7% |
净利率GCTPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | 11.2% | 0.4% | ||
| Q2 25 | 10.7% | -6.3% | ||
| Q1 25 | 10.0% | 12.2% | ||
| Q4 24 | 10.5% | -3.0% | ||
| Q3 24 | 13.4% | -27.2% | ||
| Q2 24 | 8.7% | -8.6% | ||
| Q1 24 | 10.8% | 8.4% |
每股收益（稀释后）GCTPATH
| Q4 25 | — | $0.37 | ||
| Q3 25 | $0.99 | $0.00 | ||
| Q2 25 | $0.91 | $-0.04 | ||
| Q1 25 | $0.68 | $0.09 | ||
| Q4 24 | $0.76 | $-0.02 | ||
| Q3 24 | $0.98 | $-0.15 | ||
| Q2 24 | $0.65 | $-0.05 | ||
| Q1 24 | $0.66 | $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 | $365.9M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $457.3M | $1.9B |
| 总资产 | $1.1B | $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GCTPATH
| Q4 25 | — | $1.4B | ||
| Q3 25 | $365.9M | $1.4B | ||
| Q2 25 | $303.0M | $1.6B | ||
| Q1 25 | $286.8M | $1.6B | ||
| Q4 24 | $302.4M | $1.6B | ||
| Q3 24 | $259.8M | $1.7B | ||
| Q2 24 | $207.8M | $1.9B | ||
| Q1 24 | $195.3M | $1.9B |
股东权益GCTPATH
| Q4 25 | — | $1.9B | ||
| Q3 25 | $457.3M | $1.7B | ||
| Q2 25 | $431.4M | $1.7B | ||
| Q1 25 | $412.9M | $1.8B | ||
| Q4 24 | $405.2M | $1.7B | ||
| Q3 24 | $400.4M | $1.8B | ||
| Q2 24 | $358.4M | $2.0B | ||
| Q1 24 | $317.8M | $2.0B |
总资产GCTPATH
| Q4 25 | — | $2.9B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.1B | $2.9B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $1.1B | $2.7B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $977.6M | $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 | $78.3M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $77.1M | $25.1M |
| 自由现金流率自由现金流/营收 | 23.2% | 6.1% |
| 资本支出强度资本支出/营收 | 0.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.10× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $188.1M | — |
8季度趋势，按日历期对齐
经营现金流GCTPATH
| Q4 25 | — | $28.3M | ||
| Q3 25 | $78.3M | $41.6M | ||
| Q2 25 | $38.6M | $119.0M | ||
| Q1 25 | $9.4M | $146.1M | ||
| Q4 24 | $68.4M | $28.1M | ||
| Q3 24 | $55.2M | $46.4M | ||
| Q2 24 | $19.1M | $100.0M | ||
| Q1 24 | $15.3M | $145.6M |
自由现金流GCTPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | $77.1M | — | ||
| Q2 25 | $37.0M | $106.2M | ||
| Q1 25 | $7.0M | $138.7M | ||
| Q4 24 | $66.9M | $23.2M | ||
| Q3 24 | $51.4M | $45.0M | ||
| Q2 24 | $12.9M | $98.8M | ||
| Q1 24 | $11.3M | $141.8M |
自由现金流率GCTPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | 23.2% | — | ||
| Q2 25 | 11.5% | 29.8% | ||
| Q1 25 | 2.6% | 32.7% | ||
| Q4 24 | 22.6% | 6.5% | ||
| Q3 24 | 16.9% | 14.2% | ||
| Q2 24 | 4.2% | 29.5% | ||
| Q1 24 | 4.5% | 35.0% |
资本支出强度GCTPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.5% | 3.6% | ||
| Q1 25 | 0.9% | 1.7% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 1.3% | 0.4% | ||
| Q2 24 | 2.0% | 0.4% | ||
| Q1 24 | 1.6% | 0.9% |
现金转化率GCTPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 2.10× | 26.25× | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 0.35× | 2.82× | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.56× | 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
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
