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游戏驿站（GME）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
游戏驿站的季度营收约是UiPath, Inc.的2.0倍（$821.0M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 9.4%，领先39.0%），UiPath, Inc.同比增速更快（15.9% vs -4.6%），游戏驿站自由现金流更多（$107.0M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -32.3%）
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
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。
GME vs PATH — 直观对比
营收规模更大
GME
是对方的2.0倍
$411.1M
营收增速更快
PATH
高出20.5%
-4.6%
净利率更高
PATH
高出39.0%
9.4%
自由现金流更多
GME
多$81.9M
$25.1M
两年增速更快
PATH
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $411.1M |
| 净利润 | $77.1M | $198.8M |
| 毛利率 | 33.3% | 83.3% |
| 营业利润率 | 5.0% | 3.2% |
| 净利率 | 9.4% | 48.4% |
| 营收同比 | -4.6% | 15.9% |
| 净利润同比 | 343.1% | 1966.2% |
| 每股收益（稀释后） | $0.13 | $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GMEPATH
| Q4 25 | $821.0M | $411.1M | ||
| Q3 25 | $972.2M | $361.7M | ||
| Q2 25 | $732.4M | $356.6M | ||
| Q1 25 | $1.3B | $423.6M | ||
| Q4 24 | $860.3M | $354.7M | ||
| Q3 24 | $798.3M | $316.3M | ||
| Q2 24 | $881.8M | $335.1M | ||
| Q1 24 | $1.8B | $405.3M |
净利润GMEPATH
| Q4 25 | $77.1M | $198.8M | ||
| Q3 25 | $168.6M | $1.6M | ||
| Q2 25 | $44.8M | $-22.6M | ||
| Q1 25 | $131.4M | $51.8M | ||
| Q4 24 | $17.4M | $-10.7M | ||
| Q3 24 | $14.8M | $-86.1M | ||
| Q2 24 | $-32.3M | $-28.7M | ||
| Q1 24 | $63.1M | $33.9M |
毛利率GMEPATH
| Q4 25 | 33.3% | 83.3% | ||
| Q3 25 | 29.1% | 82.2% | ||
| Q2 25 | 34.5% | 82.1% | ||
| Q1 25 | 28.3% | 84.8% | ||
| Q4 24 | 29.9% | 82.0% | ||
| Q3 24 | 31.2% | 80.0% | ||
| Q2 24 | 27.7% | 83.5% | ||
| Q1 24 | 23.4% | 86.8% |
营业利润率GMEPATH
| Q4 25 | 5.0% | 3.2% | ||
| Q3 25 | 6.8% | -5.6% | ||
| Q2 25 | -1.5% | -4.6% | ||
| Q1 25 | 6.2% | 7.9% | ||
| Q4 24 | -3.9% | -12.2% | ||
| Q3 24 | -2.8% | -32.7% | ||
| Q2 24 | -5.7% | -14.8% | ||
| Q1 24 | 3.1% | 3.7% |
净利率GMEPATH
| Q4 25 | 9.4% | 48.4% | ||
| Q3 25 | 17.3% | 0.4% | ||
| Q2 25 | 6.1% | -6.3% | ||
| Q1 25 | 10.2% | 12.2% | ||
| Q4 24 | 2.0% | -3.0% | ||
| Q3 24 | 1.9% | -27.2% | ||
| Q2 24 | -3.7% | -8.6% | ||
| Q1 24 | 3.5% | 8.4% |
每股收益（稀释后）GMEPATH
| Q4 25 | $0.13 | $0.37 | ||
| Q3 25 | $0.31 | $0.00 | ||
| Q2 25 | $0.09 | $-0.04 | ||
| Q1 25 | $0.36 | $0.09 | ||
| Q4 24 | $0.04 | $-0.02 | ||
| Q3 24 | $0.04 | $-0.15 | ||
| Q2 24 | $-0.11 | $-0.05 | ||
| Q1 24 | $0.21 | $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 | $8.8B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $1.9B |
| 总资产 | $10.6B | $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GMEPATH
| Q4 25 | $8.8B | $1.4B | ||
| Q3 25 | $8.7B | $1.4B | ||
| Q2 25 | $6.4B | $1.6B | ||
| Q1 25 | $4.8B | $1.6B | ||
| Q4 24 | $4.6B | $1.6B | ||
| Q3 24 | $4.2B | $1.7B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.2B | $1.9B |
总债务GMEPATH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $28.5M | — |
股东权益GMEPATH
| Q4 25 | $5.3B | $1.9B | ||
| Q3 25 | $5.2B | $1.7B | ||
| Q2 25 | $5.0B | $1.7B | ||
| Q1 25 | $4.9B | $1.8B | ||
| Q4 24 | $4.8B | $1.7B | ||
| Q3 24 | $4.4B | $1.8B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.3B | $2.0B |
总资产GMEPATH
| Q4 25 | $10.6B | $2.9B | ||
| Q3 25 | $10.3B | $2.6B | ||
| Q2 25 | $7.5B | $2.6B | ||
| Q1 25 | $5.9B | $2.9B | ||
| Q4 24 | $6.2B | $2.7B | ||
| Q3 24 | $5.5B | $2.7B | ||
| Q2 24 | $2.6B | $2.8B | ||
| Q1 24 | $2.7B | $3.0B |
负债/权益比GMEPATH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.02× | — |
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 | $111.3M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $25.1M |
| 自由现金流率自由现金流/营收 | 13.0% | 6.1% |
| 资本支出强度资本支出/营收 | 0.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.44× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $568.7M | — |
8季度趋势，按日历期对齐
经营现金流GMEPATH
| Q4 25 | $111.3M | $28.3M | ||
| Q3 25 | $117.4M | $41.6M | ||
| Q2 25 | $192.5M | $119.0M | ||
| Q1 25 | $162.3M | $146.1M | ||
| Q4 24 | $24.6M | $28.1M | ||
| Q3 24 | $68.6M | $46.4M | ||
| Q2 24 | $-109.8M | $100.0M | ||
| Q1 24 | $-11.0M | $145.6M |
自由现金流GMEPATH
| Q4 25 | $107.0M | $25.1M | ||
| Q3 25 | $113.3M | — | ||
| Q2 25 | $189.6M | $106.2M | ||
| Q1 25 | $158.8M | $138.7M | ||
| Q4 24 | $20.0M | $23.2M | ||
| Q3 24 | $65.5M | $45.0M | ||
| Q2 24 | $-114.7M | $98.8M | ||
| Q1 24 | $-18.7M | $141.8M |
自由现金流率GMEPATH
| Q4 25 | 13.0% | 6.1% | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 25.9% | 29.8% | ||
| Q1 25 | 12.4% | 32.7% | ||
| Q4 24 | 2.3% | 6.5% | ||
| Q3 24 | 8.2% | 14.2% | ||
| Q2 24 | -13.0% | 29.5% | ||
| Q1 24 | -1.0% | 35.0% |
资本支出强度GMEPATH
| Q4 25 | 0.5% | 0.8% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.4% | 3.6% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.6% | 0.4% | ||
| Q1 24 | 0.4% | 0.9% |
现金转化率GMEPATH
| Q4 25 | 1.44× | 0.14× | ||
| Q3 25 | 0.70× | 26.25× | ||
| Q2 25 | 4.30× | — | ||
| Q1 25 | 1.24× | 2.82× | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.17× | 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
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
