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HCI Group, Inc.（HCI）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HCI Group, Inc.的1.7倍（$411.1M vs $246.2M），UiPath, Inc.净利率更高（48.4% vs 39.7%，领先8.7%），HCI Group, Inc.同比增速更快（52.1% vs 15.9%），HCI Group, Inc.自由现金流更多（$440.8M vs $25.1M），过去两年HCI Group, Inc.的营收复合增速更高（9.2% vs 0.7%）
HCI集团是一家总部位于美国华盛顿特区的私募股权投资公司，在伊利诺伊州芝加哥设有分支机构，专注于股权投资相关业务，为合作企业提供资本支持与运营赋能，助力企业实现长期发展目标。
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。
HCI vs PATH — 直观对比
营收规模更大
PATH
是对方的1.7倍
$246.2M
营收增速更快
HCI
高出36.2%
15.9%
净利率更高
PATH
高出8.7%
39.7%
自由现金流更多
HCI
多$415.7M
$25.1M
两年增速更快
HCI
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $246.2M | $411.1M |
| 净利润 | $97.7M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 58.5% | 3.2% |
| 净利率 | 39.7% | 48.4% |
| 营收同比 | 52.1% | 15.9% |
| 净利润同比 | 3679.2% | 1966.2% |
| 每股收益（稀释后） | $7.29 | $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HCIPATH
| Q4 25 | $246.2M | $411.1M | ||
| Q3 25 | $216.3M | $361.7M | ||
| Q2 25 | $221.9M | $356.6M | ||
| Q1 25 | $216.4M | $423.6M | ||
| Q4 24 | $161.9M | $354.7M | ||
| Q3 24 | $175.3M | $316.3M | ||
| Q2 24 | $206.2M | $335.1M | ||
| Q1 24 | $206.6M | $405.3M |
净利润HCIPATH
| Q4 25 | $97.7M | $198.8M | ||
| Q3 25 | $65.5M | $1.6M | ||
| Q2 25 | $66.2M | $-22.6M | ||
| Q1 25 | $69.7M | $51.8M | ||
| Q4 24 | $2.6M | $-10.7M | ||
| Q3 24 | $5.7M | $-86.1M | ||
| Q2 24 | $54.1M | $-28.7M | ||
| Q1 24 | $47.6M | $33.9M |
毛利率HCIPATH
| 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HCIPATH
| Q4 25 | 58.5% | 3.2% | ||
| Q3 25 | 41.9% | -5.6% | ||
| Q2 25 | 42.5% | -4.6% | ||
| Q1 25 | 46.4% | 7.9% | ||
| Q4 24 | 3.6% | -12.2% | ||
| Q3 24 | 8.0% | -32.7% | ||
| Q2 24 | 36.9% | -14.8% | ||
| Q1 24 | 37.5% | 3.7% |
净利率HCIPATH
| Q4 25 | 39.7% | 48.4% | ||
| Q3 25 | 30.3% | 0.4% | ||
| Q2 25 | 29.8% | -6.3% | ||
| Q1 25 | 32.2% | 12.2% | ||
| Q4 24 | 1.6% | -3.0% | ||
| Q3 24 | 3.2% | -27.2% | ||
| Q2 24 | 26.2% | -8.6% | ||
| Q1 24 | 23.0% | 8.4% |
每股收益（稀释后）HCIPATH
| Q4 25 | $7.29 | $0.37 | ||
| Q3 25 | $4.90 | $0.00 | ||
| Q2 25 | $5.18 | $-0.04 | ||
| Q1 25 | $5.35 | $0.09 | ||
| Q4 24 | $0.32 | $-0.02 | ||
| Q3 24 | $0.52 | $-0.15 | ||
| Q2 24 | $4.24 | $-0.05 | ||
| Q1 24 | $3.81 | $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 | $1.2B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $1.9B |
| 总资产 | $2.5B | $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HCIPATH
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $987.9M | $1.4B | ||
| Q2 25 | $947.2M | $1.6B | ||
| Q1 25 | $754.5M | $1.6B | ||
| Q4 24 | $532.5M | $1.6B | ||
| Q3 24 | $518.8M | $1.7B | ||
| Q2 24 | $445.8M | $1.9B | ||
| Q1 24 | $655.4M | $1.9B |
股东权益HCIPATH
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $821.8M | $1.7B | ||
| Q2 25 | $758.6M | $1.7B | ||
| Q1 25 | $522.7M | $1.8B | ||
| Q4 24 | $453.3M | $1.7B | ||
| Q3 24 | $455.3M | $1.8B | ||
| Q2 24 | $447.3M | $2.0B | ||
| Q1 24 | $395.7M | $2.0B |
总资产HCIPATH
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $2.3B | $2.9B | ||
| Q4 24 | $2.2B | $2.7B | ||
| Q3 24 | $2.0B | $2.7B | ||
| Q2 24 | $1.9B | $2.8B | ||
| Q1 24 | $1.8B | $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 | $444.4M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $440.8M | $25.1M |
| 自由现金流率自由现金流/营收 | 179.0% | 6.1% |
| 资本支出强度资本支出/营收 | 1.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 4.55× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $771.4M | — |
8季度趋势，按日历期对齐
经营现金流HCIPATH
| Q4 25 | $444.4M | $28.3M | ||
| Q3 25 | $26.7M | $41.6M | ||
| Q2 25 | $145.0M | $119.0M | ||
| Q1 25 | $162.0M | $146.1M | ||
| Q4 24 | $331.8M | $28.1M | ||
| Q3 24 | $104.1M | $46.4M | ||
| Q2 24 | $-29.0M | $100.0M | ||
| Q1 24 | $182.0M | $145.6M |
自由现金流HCIPATH
| Q4 25 | $440.8M | $25.1M | ||
| Q3 25 | $25.9M | — | ||
| Q2 25 | $144.5M | $106.2M | ||
| Q1 25 | $160.3M | $138.7M | ||
| Q4 24 | $327.8M | $23.2M | ||
| Q3 24 | $103.2M | $45.0M | ||
| Q2 24 | $-30.1M | $98.8M | ||
| Q1 24 | $181.0M | $141.8M |
自由现金流率HCIPATH
| Q4 25 | 179.0% | 6.1% | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 65.1% | 29.8% | ||
| Q1 25 | 74.1% | 32.7% | ||
| Q4 24 | 202.5% | 6.5% | ||
| Q3 24 | 58.9% | 14.2% | ||
| Q2 24 | -14.6% | 29.5% | ||
| Q1 24 | 87.6% | 35.0% |
资本支出强度HCIPATH
| Q4 25 | 1.5% | 0.8% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.2% | 3.6% | ||
| Q1 25 | 0.8% | 1.7% | ||
| Q4 24 | 2.5% | 1.4% | ||
| Q3 24 | 0.5% | 0.4% | ||
| Q2 24 | 0.5% | 0.4% | ||
| Q1 24 | 0.5% | 0.9% |
现金转化率HCIPATH
| Q4 25 | 4.55× | 0.14× | ||
| Q3 25 | 0.41× | 26.25× | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 2.32× | 2.82× | ||
| Q4 24 | 128.41× | — | ||
| Q3 24 | 18.33× | — | ||
| Q2 24 | -0.54× | — | ||
| Q1 24 | 3.82× | 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
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
