vs
Acushnet Holdings Corp.（GOLF）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
Acushnet Holdings Corp.的季度营收约是UiPath, Inc.的1.2倍（$477.2M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs -7.3%，领先55.7%），UiPath, Inc.同比增速更快（15.9% vs 7.2%），UiPath, Inc.自由现金流更多（$25.1M vs $-23.3M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -17.9%）
Acushnet Holdings Corp.是一家专注于高尔夫赛道的美国企业，旗下运营多个知名品牌，产品品类覆盖高尔夫专业器材、运动服饰及相关配件，为全球高尔夫运动爱好者提供多元化的相关产品选择。
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。
GOLF vs PATH — 直观对比
营收规模更大
GOLF
是对方的1.2倍
$411.1M
营收增速更快
PATH
高出8.7%
7.2%
净利率更高
PATH
高出55.7%
-7.3%
自由现金流更多
PATH
多$48.4M
$-23.3M
两年增速更快
PATH
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $477.2M | $411.1M |
| 净利润 | $-34.9M | $198.8M |
| 毛利率 | 44.1% | 83.3% |
| 营业利润率 | -3.8% | 3.2% |
| 净利率 | -7.3% | 48.4% |
| 营收同比 | 7.2% | 15.9% |
| 净利润同比 | -3027.3% | 1966.2% |
| 每股收益（稀释后） | $-0.57 | $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GOLFPATH
| Q4 25 | $477.2M | $411.1M | ||
| Q3 25 | $657.7M | $361.7M | ||
| Q2 25 | $720.5M | $356.6M | ||
| Q1 25 | $703.4M | $423.6M | ||
| Q4 24 | $445.2M | $354.7M | ||
| Q3 24 | $620.5M | $316.3M | ||
| Q2 24 | $683.9M | $335.1M | ||
| Q1 24 | $707.6M | $405.3M |
净利润GOLFPATH
| Q4 25 | $-34.9M | $198.8M | ||
| Q3 25 | $48.5M | $1.6M | ||
| Q2 25 | $75.6M | $-22.6M | ||
| Q1 25 | $99.4M | $51.8M | ||
| Q4 24 | $-1.1M | $-10.7M | ||
| Q3 24 | $56.2M | $-86.1M | ||
| Q2 24 | $71.4M | $-28.7M | ||
| Q1 24 | $87.8M | $33.9M |
毛利率GOLFPATH
| Q4 25 | 44.1% | 83.3% | ||
| Q3 25 | 48.5% | 82.2% | ||
| Q2 25 | 49.2% | 82.1% | ||
| Q1 25 | 47.9% | 84.8% | ||
| Q4 24 | 22.6% | 82.0% | ||
| Q3 24 | 54.4% | 80.0% | ||
| Q2 24 | 54.4% | 83.5% | ||
| Q1 24 | 53.4% | 86.8% |
营业利润率GOLFPATH
| Q4 25 | -3.8% | 3.2% | ||
| Q3 25 | 14.1% | -5.6% | ||
| Q2 25 | 15.2% | -4.6% | ||
| Q1 25 | 16.3% | 7.9% | ||
| Q4 24 | -1.2% | -12.2% | ||
| Q3 24 | 13.2% | -32.7% | ||
| Q2 24 | 15.5% | -14.8% | ||
| Q1 24 | 17.2% | 3.7% |
净利率GOLFPATH
| Q4 25 | -7.3% | 48.4% | ||
| Q3 25 | 7.4% | 0.4% | ||
| Q2 25 | 10.5% | -6.3% | ||
| Q1 25 | 14.1% | 12.2% | ||
| Q4 24 | -0.3% | -3.0% | ||
| Q3 24 | 9.1% | -27.2% | ||
| Q2 24 | 10.4% | -8.6% | ||
| Q1 24 | 12.4% | 8.4% |
每股收益（稀释后）GOLFPATH
| Q4 25 | $-0.57 | $0.37 | ||
| Q3 25 | $0.81 | $0.00 | ||
| Q2 25 | $1.25 | $-0.04 | ||
| Q1 25 | $1.62 | $0.09 | ||
| Q4 24 | $0.02 | $-0.02 | ||
| Q3 24 | $0.89 | $-0.15 | ||
| Q2 24 | $1.11 | $-0.05 | ||
| Q1 24 | $1.35 | $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 | — | $1.4B |
| 总债务越低越好 | $926.2M | — |
| 股东权益账面价值 | $783.6M | $1.9B |
| 总资产 | $2.3B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资GOLFPATH
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
总债务GOLFPATH
| Q4 25 | $926.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $753.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GOLFPATH
| Q4 25 | $783.6M | $1.9B | ||
| Q3 25 | $852.3M | $1.7B | ||
| Q2 25 | $808.5M | $1.7B | ||
| Q1 25 | $780.3M | $1.8B | ||
| Q4 24 | $765.2M | $1.7B | ||
| Q3 24 | $863.9M | $1.8B | ||
| Q2 24 | $863.7M | $2.0B | ||
| Q1 24 | $883.7M | $2.0B |
总资产GOLFPATH
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.4B | $2.6B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $2.4B | $2.9B | ||
| Q4 24 | $2.2B | $2.7B | ||
| Q3 24 | $2.3B | $2.7B | ||
| Q2 24 | $2.3B | $2.8B | ||
| Q1 24 | $2.4B | $3.0B |
负债/权益比GOLFPATH
| Q4 25 | 1.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-338.0K | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-23.3M | $25.1M |
| 自由现金流率自由现金流/营收 | -4.9% | 6.1% |
| 资本支出强度资本支出/营收 | 4.8% | 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 | $120.0M | — |
8季度趋势，按日历期对齐
经营现金流GOLFPATH
| Q4 25 | $-338.0K | $28.3M | ||
| Q3 25 | $163.1M | $41.6M | ||
| Q2 25 | $151.9M | $119.0M | ||
| Q1 25 | $-120.3M | $146.1M | ||
| Q4 24 | $-1.1M | $28.1M | ||
| Q3 24 | $144.1M | $46.4M | ||
| Q2 24 | $211.6M | $100.0M | ||
| Q1 24 | $-109.5M | $145.6M |
自由现金流GOLFPATH
| Q4 25 | $-23.3M | $25.1M | ||
| Q3 25 | $136.9M | — | ||
| Q2 25 | $138.0M | $106.2M | ||
| Q1 25 | $-131.5M | $138.7M | ||
| Q4 24 | $-33.2M | $23.2M | ||
| Q3 24 | $123.7M | $45.0M | ||
| Q2 24 | $196.8M | $98.8M | ||
| Q1 24 | $-116.8M | $141.8M |
自由现金流率GOLFPATH
| Q4 25 | -4.9% | 6.1% | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | 19.2% | 29.8% | ||
| Q1 25 | -18.7% | 32.7% | ||
| Q4 24 | -7.5% | 6.5% | ||
| Q3 24 | 19.9% | 14.2% | ||
| Q2 24 | 28.8% | 29.5% | ||
| Q1 24 | -16.5% | 35.0% |
资本支出强度GOLFPATH
| Q4 25 | 4.8% | 0.8% | ||
| Q3 25 | 4.0% | 0.0% | ||
| Q2 25 | 1.9% | 3.6% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 7.2% | 1.4% | ||
| Q3 24 | 3.3% | 0.4% | ||
| Q2 24 | 2.2% | 0.4% | ||
| Q1 24 | 1.0% | 0.9% |
现金转化率GOLFPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 3.36× | 26.25× | ||
| Q2 25 | 2.01× | — | ||
| Q1 25 | -1.21× | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | 2.96× | — | ||
| Q1 24 | -1.25× | 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
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
