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HORACE MANN EDUCATORS CORP（HMN）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
HORACE MANN EDUCATORS CORP的季度营收约是UiPath, Inc.的1.1倍（$434.8M vs $411.1M），UiPath, Inc.同比增速更快（15.9% vs 6.3%），过去两年HORACE MANN EDUCATORS CORP的营收复合增速更高（6.1% vs 0.7%）
贺拉斯曼是一家总部位于美国伊利诺伊州的金融服务企业，主营汽车保险、财产保险、补充保险与人寿保险业务，同时提供退休年金、共同基金等金融产品，核心服务群体为教育工作者及其家庭。
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。
HMN vs PATH — 直观对比
营收规模更大
HMN
是对方的1.1倍
$411.1M
营收增速更快
PATH
高出9.6%
6.3%
两年增速更快
HMN
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $434.8M | $411.1M |
| 净利润 | — | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 10.5% | 3.2% |
| 净利率 | — | 48.4% |
| 营收同比 | 6.3% | 15.9% |
| 净利润同比 | — | 1966.2% |
| 每股收益（稀释后） | $0.87 | $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HMNPATH
| Q4 25 | $434.8M | $411.1M | ||
| Q3 25 | $438.5M | $361.7M | ||
| Q2 25 | $411.7M | $356.6M | ||
| Q1 25 | $416.4M | $423.6M | ||
| Q4 24 | $409.0M | $354.7M | ||
| Q3 24 | $412.1M | $316.3M | ||
| Q2 24 | $388.1M | $335.1M | ||
| Q1 24 | $386.0M | $405.3M |
净利润HMNPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | $58.3M | $1.6M | ||
| Q2 25 | $29.4M | $-22.6M | ||
| Q1 25 | $38.2M | $51.8M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | $34.3M | $-86.1M | ||
| Q2 24 | $3.8M | $-28.7M | ||
| Q1 24 | $26.5M | $33.9M |
毛利率HMNPATH
| 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HMNPATH
| Q4 25 | 10.5% | 3.2% | ||
| Q3 25 | 16.3% | -5.6% | ||
| Q2 25 | 8.9% | -4.6% | ||
| Q1 25 | 11.4% | 7.9% | ||
| Q4 24 | 11.8% | -12.2% | ||
| Q3 24 | 10.4% | -32.7% | ||
| Q2 24 | 1.2% | -14.8% | ||
| Q1 24 | 8.5% | 3.7% |
净利率HMNPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | 13.3% | 0.4% | ||
| Q2 25 | 7.1% | -6.3% | ||
| Q1 25 | 9.2% | 12.2% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | 8.3% | -27.2% | ||
| Q2 24 | 1.0% | -8.6% | ||
| Q1 24 | 6.9% | 8.4% |
每股收益（稀释后）HMNPATH
| Q4 25 | $0.87 | $0.37 | ||
| Q3 25 | $1.40 | $0.00 | ||
| Q2 25 | $0.71 | $-0.04 | ||
| Q1 25 | $0.92 | $0.09 | ||
| Q4 24 | $0.92 | $-0.02 | ||
| Q3 24 | $0.83 | $-0.15 | ||
| Q2 24 | $0.09 | $-0.05 | ||
| Q1 24 | $0.64 | $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 | $27.5M | $1.4B |
| 总债务越低越好 | $593.4M | — |
| 股东权益账面价值 | $1.5B | $1.9B |
| 总资产 | $15.3B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.40× | — |
8季度趋势，按日历期对齐
现金及短期投资HMNPATH
| Q4 25 | $27.5M | $1.4B | ||
| Q3 25 | $46.7M | $1.4B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $38.1M | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
总债务HMNPATH
| Q4 25 | $593.4M | — | ||
| Q3 25 | $842.9M | — | ||
| Q2 25 | $547.5M | — | ||
| Q1 25 | $547.2M | — | ||
| Q4 24 | $547.0M | — | ||
| Q3 24 | $546.7M | — | ||
| Q2 24 | $546.5M | — | ||
| Q1 24 | $546.2M | — |
股东权益HMNPATH
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.2B | $2.0B | ||
| Q1 24 | $1.2B | $2.0B |
总资产HMNPATH
| Q4 25 | $15.3B | $2.9B | ||
| Q3 25 | $15.5B | $2.6B | ||
| Q2 25 | $14.7B | $2.6B | ||
| Q1 25 | $14.4B | $2.9B | ||
| Q4 24 | $14.5B | $2.7B | ||
| Q3 24 | $14.7B | $2.7B | ||
| Q2 24 | $14.3B | $2.8B | ||
| Q1 24 | $14.2B | $3.0B |
负债/权益比HMNPATH
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | — |
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 | $553.2M | $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 | — | 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 | — | — |
8季度趋势，按日历期对齐
经营现金流HMNPATH
| Q4 25 | $553.2M | $28.3M | ||
| Q3 25 | $151.2M | $41.6M | ||
| Q2 25 | $131.3M | $119.0M | ||
| Q1 25 | $140.8M | $146.1M | ||
| Q4 24 | $452.1M | $28.1M | ||
| Q3 24 | $143.9M | $46.4M | ||
| Q2 24 | $40.2M | $100.0M | ||
| Q1 24 | $74.5M | $145.6M |
自由现金流HMNPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率HMNPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度HMNPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率HMNPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 2.59× | 26.25× | ||
| Q2 25 | 4.47× | — | ||
| Q1 25 | 3.69× | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.20× | — | ||
| Q2 24 | 10.58× | — | ||
| Q1 24 | 2.81× | 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
HMN
| Property And Casualty | $224.3M | 52% |
| Life And Retirement | $139.6M | 32% |
| Supplemental And Group Benefits | $77.0M | 18% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
