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IHS Holding Ltd（IHS）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IHS Holding Ltd的1.6倍（$411.1M vs $254.0M），UiPath, Inc.同比增速更快（15.9% vs 0.1%），IHS Holding Ltd自由现金流更多（$178.6M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -22.0%）
IHS Holding是全球规模领先的共享通信基础设施独立持有、运营及开发企业之一，也是全球第五大独立跨国通信铁塔企业，业务覆盖非洲与拉美地区，为当地通信网络部署提供关键的铁塔基础设施支持。
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。
IHS vs PATH — 直观对比
营收规模更大
PATH
是对方的1.6倍
$254.0M
营收增速更快
PATH
高出15.8%
0.1%
自由现金流更多
IHS
多$153.5M
$25.1M
两年增速更快
PATH
近两年复合增速
-22.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $254.0M | $411.1M |
| 净利润 | — | $198.8M |
| 毛利率 | 83.6% | 83.3% |
| 营业利润率 | — | 3.2% |
| 净利率 | — | 48.4% |
| 营收同比 | 0.1% | 15.9% |
| 净利润同比 | — | 1966.2% |
| 每股收益（稀释后） | — | $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IHSPATH
| Q4 25 | $254.0M | $411.1M | ||
| Q3 25 | $455.1M | $361.7M | ||
| Q2 25 | $433.3M | $356.6M | ||
| Q1 25 | $439.6M | $423.6M | ||
| Q4 24 | $253.8M | $354.7M | ||
| Q3 24 | $420.3M | $316.3M | ||
| Q2 24 | $435.4M | $335.1M | ||
| Q1 24 | $417.7M | $405.3M |
净利润IHSPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | $147.4M | $1.6M | ||
| Q2 25 | $32.3M | $-22.6M | ||
| Q1 25 | $30.7M | $51.8M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | $-205.7M | $-86.1M | ||
| Q2 24 | $-124.3M | $-28.7M | ||
| Q1 24 | $-1.6B | $33.9M |
毛利率IHSPATH
| Q4 25 | 83.6% | 83.3% | ||
| Q3 25 | 47.5% | 82.2% | ||
| Q2 25 | 51.3% | 82.1% | ||
| Q1 25 | 51.4% | 84.8% | ||
| Q4 24 | 72.1% | 82.0% | ||
| Q3 24 | 52.0% | 80.0% | ||
| Q2 24 | 52.5% | 83.5% | ||
| Q1 24 | 39.1% | 86.8% |
营业利润率IHSPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | 35.1% | -5.6% | ||
| Q2 25 | 33.8% | -4.6% | ||
| Q1 25 | 37.1% | 7.9% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | 29.9% | -32.7% | ||
| Q2 24 | 34.0% | -14.8% | ||
| Q1 24 | -1.7% | 3.7% |
净利率IHSPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | 32.4% | 0.4% | ||
| Q2 25 | 7.5% | -6.3% | ||
| Q1 25 | 7.0% | 12.2% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | -48.9% | -27.2% | ||
| Q2 24 | -28.5% | -8.6% | ||
| Q1 24 | -372.8% | 8.4% |
每股收益（稀释后）IHSPATH
| Q4 25 | — | $0.37 | ||
| Q3 25 | $0.44 | $0.00 | ||
| Q2 25 | $0.10 | $-0.04 | ||
| Q1 25 | $0.10 | $0.09 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | $-0.61 | $-0.15 | ||
| Q2 24 | $-0.36 | $-0.05 | ||
| Q1 24 | $-4.67 | $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 | $825.7M | $1.4B |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $-89.8M | $1.9B |
| 总资产 | $4.5B | $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IHSPATH
| Q4 25 | $825.7M | $1.4B | ||
| Q3 25 | $647.6M | $1.4B | ||
| Q2 25 | $531.8M | $1.6B | ||
| Q1 25 | $629.0M | $1.6B | ||
| Q4 24 | $578.0M | $1.6B | ||
| Q3 24 | $397.5M | $1.7B | ||
| Q2 24 | $445.7M | $1.9B | ||
| Q1 24 | $333.2M | $1.9B |
总债务IHSPATH
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.5B | — |
股东权益IHSPATH
| Q4 25 | $-89.8M | $1.9B | ||
| Q3 25 | $38.1M | $1.7B | ||
| Q2 25 | $-98.4M | $1.7B | ||
| Q1 25 | $-184.4M | $1.8B | ||
| Q4 24 | $-314.4M | $1.7B | ||
| Q3 24 | $-284.7M | $1.8B | ||
| Q2 24 | $-308.3M | $2.0B | ||
| Q1 24 | $-163.2M | $2.0B |
总资产IHSPATH
| Q4 25 | $4.5B | $2.9B | ||
| Q3 25 | $4.7B | $2.6B | ||
| Q2 25 | $4.5B | $2.6B | ||
| Q1 25 | $4.4B | $2.9B | ||
| Q4 24 | $4.2B | $2.7B | ||
| Q3 24 | $4.6B | $2.7B | ||
| Q2 24 | $4.5B | $2.8B | ||
| Q1 24 | $4.6B | $3.0B |
负债/权益比IHSPATH
| Q4 25 | — | — | ||
| Q3 25 | 85.85× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $246.9M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $178.6M | $25.1M |
| 自由现金流率自由现金流/营收 | 70.3% | 6.1% |
| 资本支出强度资本支出/营收 | 26.9% | 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 | $718.7M | — |
8季度趋势，按日历期对齐
经营现金流IHSPATH
| Q4 25 | $246.9M | $28.3M | ||
| Q3 25 | $251.3M | $41.6M | ||
| Q2 25 | $237.7M | $119.0M | ||
| Q1 25 | $200.3M | $146.1M | ||
| Q4 24 | $344.4M | $28.1M | ||
| Q3 24 | $174.5M | $46.4M | ||
| Q2 24 | $134.7M | $100.0M | ||
| Q1 24 | $75.8M | $145.6M |
自由现金流IHSPATH
| Q4 25 | $178.6M | $25.1M | ||
| Q3 25 | $189.2M | — | ||
| Q2 25 | $197.7M | $106.2M | ||
| Q1 25 | $153.2M | $138.7M | ||
| Q4 24 | $282.9M | $23.2M | ||
| Q3 24 | $122.3M | $45.0M | ||
| Q2 24 | $74.2M | $98.8M | ||
| Q1 24 | $14.8M | $141.8M |
自由现金流率IHSPATH
| Q4 25 | 70.3% | 6.1% | ||
| Q3 25 | 41.6% | — | ||
| Q2 25 | 45.6% | 29.8% | ||
| Q1 25 | 34.8% | 32.7% | ||
| Q4 24 | 111.5% | 6.5% | ||
| Q3 24 | 29.1% | 14.2% | ||
| Q2 24 | 17.0% | 29.5% | ||
| Q1 24 | 3.5% | 35.0% |
资本支出强度IHSPATH
| Q4 25 | 26.9% | 0.8% | ||
| Q3 25 | 13.6% | 0.0% | ||
| Q2 25 | 9.2% | 3.6% | ||
| Q1 25 | 10.7% | 1.7% | ||
| Q4 24 | 24.2% | 1.4% | ||
| Q3 24 | 12.4% | 0.4% | ||
| Q2 24 | 13.9% | 0.4% | ||
| Q1 24 | 14.6% | 0.9% |
现金转化率IHSPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 1.70× | 26.25× | ||
| Q2 25 | 7.36× | — | ||
| Q1 25 | 6.52× | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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
IHS
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
