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Hess Midstream LP（HESM）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Hess Midstream LP的2.0倍（$411.1M vs $204.1M），Hess Midstream LP净利率更高（77.3% vs 48.4%，领先28.9%），UiPath, Inc.同比增速更快（15.9% vs 2.1%），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -25.3%）
赫斯是美国全球化独立能源企业，主要从事原油与天然气的勘探、生产业务。公司于1968年由赫斯石油化工和阿美拉达石油合并成立，2023年10月同意被雪佛龙收购，相关交易已于2025年7月完成交割。
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。
HESM vs PATH — 直观对比
营收规模更大
PATH
是对方的2.0倍
$204.1M
营收增速更快
PATH
高出13.8%
2.1%
净利率更高
HESM
高出28.9%
48.4%
两年增速更快
PATH
近两年复合增速
-25.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $411.1M |
| 净利润 | $157.7M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 116.7% | 3.2% |
| 净利率 | 77.3% | 48.4% |
| 营收同比 | 2.1% | 15.9% |
| 净利润同比 | -2.3% | 1966.2% |
| 每股收益（稀释后） | $0.68 | $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HESMPATH
| Q1 26 | $204.1M | — | ||
| Q4 25 | $404.2M | $411.1M | ||
| Q3 25 | $420.9M | $361.7M | ||
| Q2 25 | $414.2M | $356.6M | ||
| Q1 25 | $382.0M | $423.6M | ||
| Q4 24 | $395.9M | $354.7M | ||
| Q3 24 | $378.5M | $316.3M | ||
| Q2 24 | $365.5M | $335.1M |
净利润HESMPATH
| Q1 26 | $157.7M | — | ||
| Q4 25 | $93.3M | $198.8M | ||
| Q3 25 | $97.7M | $1.6M | ||
| Q2 25 | $90.3M | $-22.6M | ||
| Q1 25 | $71.6M | $51.8M | ||
| Q4 24 | $70.4M | $-10.7M | ||
| Q3 24 | $58.6M | $-86.1M | ||
| Q2 24 | $49.5M | $-28.7M |
毛利率HESMPATH
| Q1 26 | — | — | ||
| 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% |
营业利润率HESMPATH
| Q1 26 | 116.7% | — | ||
| Q4 25 | 62.2% | 3.2% | ||
| Q3 25 | 61.5% | -5.6% | ||
| Q2 25 | 62.8% | -4.6% | ||
| Q1 25 | 62.1% | 7.9% | ||
| Q4 24 | 61.4% | -12.2% | ||
| Q3 24 | 61.2% | -32.7% | ||
| Q2 24 | 60.8% | -14.8% |
净利率HESMPATH
| Q1 26 | 77.3% | — | ||
| Q4 25 | 23.1% | 48.4% | ||
| Q3 25 | 23.2% | 0.4% | ||
| Q2 25 | 21.8% | -6.3% | ||
| Q1 25 | 18.7% | 12.2% | ||
| Q4 24 | 17.8% | -3.0% | ||
| Q3 24 | 15.5% | -27.2% | ||
| Q2 24 | 13.5% | -8.6% |
每股收益（稀释后）HESMPATH
| Q1 26 | $0.68 | — | ||
| Q4 25 | — | $0.37 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.05 |
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 | — | — |
| 股东权益账面价值 | — | $1.9B |
| 总资产 | — | $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HESMPATH
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | $1.4B | ||
| Q3 25 | $5.5M | $1.4B | ||
| Q2 25 | $4.5M | $1.6B | ||
| Q1 25 | $6.1M | $1.6B | ||
| Q4 24 | $4.3M | $1.6B | ||
| Q3 24 | $10.3M | $1.7B | ||
| Q2 24 | $99.6M | $1.9B |
总债务HESMPATH
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HESMPATH
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $2.0B |
总资产HESMPATH
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $2.9B | ||
| Q3 25 | $4.4B | $2.6B | ||
| Q2 25 | $4.4B | $2.6B | ||
| Q1 25 | $4.3B | $2.9B | ||
| Q4 24 | $4.2B | $2.7B | ||
| Q3 24 | $4.1B | $2.7B | ||
| Q2 24 | $4.1B | $2.8B |
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 | $253.3M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $25.1M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | 51.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.61× | 0.14× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流HESMPATH
| Q1 26 | $253.3M | — | ||
| Q4 25 | $245.6M | $28.3M | ||
| Q3 25 | $258.9M | $41.6M | ||
| Q2 25 | $276.9M | $119.0M | ||
| Q1 25 | $202.4M | $146.1M | ||
| Q4 24 | $258.5M | $28.1M | ||
| Q3 24 | $224.9M | $46.4M | ||
| Q2 24 | $271.6M | $100.0M |
自由现金流HESMPATH
| Q1 26 | — | — | ||
| Q4 25 | $178.9M | $25.1M | ||
| Q3 25 | $178.9M | — | ||
| Q2 25 | $213.5M | $106.2M | ||
| Q1 25 | $156.9M | $138.7M | ||
| Q4 24 | $163.4M | $23.2M | ||
| Q3 24 | $132.6M | $45.0M | ||
| Q2 24 | $207.7M | $98.8M |
自由现金流率HESMPATH
| Q1 26 | — | — | ||
| Q4 25 | 44.3% | 6.1% | ||
| Q3 25 | 42.5% | — | ||
| Q2 25 | 51.5% | 29.8% | ||
| Q1 25 | 41.1% | 32.7% | ||
| Q4 24 | 41.3% | 6.5% | ||
| Q3 24 | 35.0% | 14.2% | ||
| Q2 24 | 56.8% | 29.5% |
资本支出强度HESMPATH
| Q1 26 | 51.4% | — | ||
| Q4 25 | 16.5% | 0.8% | ||
| Q3 25 | 19.0% | 0.0% | ||
| Q2 25 | 15.3% | 3.6% | ||
| Q1 25 | 11.9% | 1.7% | ||
| Q4 24 | 24.0% | 1.4% | ||
| Q3 24 | 24.4% | 0.4% | ||
| Q2 24 | 17.5% | 0.4% |
现金转化率HESMPATH
| Q1 26 | 1.61× | — | ||
| Q4 25 | 2.63× | 0.14× | ||
| Q3 25 | 2.65× | 26.25× | ||
| Q2 25 | 3.07× | — | ||
| Q1 25 | 2.83× | 2.82× | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.84× | — | ||
| Q2 24 | 5.49× | — |
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
HESM
| Affiliate services | $197.9M | 97% |
| Third-party services | $6.2M | 3% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
