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INDEPENDENT BANK CORP（INDB）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INDEPENDENT BANK CORP的1.9倍（$411.1M vs $212.5M），UiPath, Inc.净利率更高（48.4% vs 35.5%，领先12.9%），INDEPENDENT BANK CORP同比增速更快（46.9% vs 15.9%），INDEPENDENT BANK CORP自由现金流更多（$75.5M vs $25.1M），过去两年INDEPENDENT BANK CORP的营收复合增速更高（24.3% vs 0.7%）
Independent Bank Corp是一家总部位于美国密歇根州大急流城的商业银行，业务全部布局于密歇根州内，目前在全州范围内共设有62家实体营业网点，为当地个人及企业客户提供各类银行金融服务。
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。
INDB vs PATH — 直观对比
营收规模更大
PATH
是对方的1.9倍
$212.5M
营收增速更快
INDB
高出31.0%
15.9%
净利率更高
PATH
高出12.9%
35.5%
自由现金流更多
INDB
多$50.4M
$25.1M
两年增速更快
INDB
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.5M | $411.1M |
| 净利润 | $75.3M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | — | 3.2% |
| 净利率 | 35.5% | 48.4% |
| 营收同比 | 46.9% | 15.9% |
| 净利润同比 | 50.6% | 1966.2% |
| 每股收益（稀释后） | $1.51 | $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INDBPATH
| Q4 25 | $212.5M | $411.1M | ||
| Q3 25 | $203.3M | $361.7M | ||
| Q2 25 | $147.5M | $356.6M | ||
| Q1 25 | $145.5M | $423.6M | ||
| Q4 24 | $144.7M | $354.7M | ||
| Q3 24 | $141.7M | $316.3M | ||
| Q2 24 | $137.9M | $335.1M | ||
| Q1 24 | $137.4M | $405.3M |
净利润INDBPATH
| Q4 25 | $75.3M | $198.8M | ||
| Q3 25 | $34.3M | $1.6M | ||
| Q2 25 | $51.1M | $-22.6M | ||
| Q1 25 | $44.4M | $51.8M | ||
| Q4 24 | $50.0M | $-10.7M | ||
| Q3 24 | $42.9M | $-86.1M | ||
| Q2 24 | $51.3M | $-28.7M | ||
| Q1 24 | $47.8M | $33.9M |
毛利率INDBPATH
| 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INDBPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | 21.8% | -5.6% | ||
| Q2 25 | 44.6% | -4.6% | ||
| Q1 25 | 39.3% | 7.9% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | 39.0% | -32.7% | ||
| Q2 24 | 48.1% | -14.8% | ||
| Q1 24 | 45.5% | 3.7% |
净利率INDBPATH
| Q4 25 | 35.5% | 48.4% | ||
| Q3 25 | 16.8% | 0.4% | ||
| Q2 25 | 34.6% | -6.3% | ||
| Q1 25 | 30.5% | 12.2% | ||
| Q4 24 | 34.6% | -3.0% | ||
| Q3 24 | 30.3% | -27.2% | ||
| Q2 24 | 37.2% | -8.6% | ||
| Q1 24 | 34.8% | 8.4% |
每股收益（稀释后）INDBPATH
| Q4 25 | $1.51 | $0.37 | ||
| Q3 25 | $0.69 | $0.00 | ||
| Q2 25 | $1.20 | $-0.04 | ||
| Q1 25 | $1.04 | $0.09 | ||
| Q4 24 | $1.18 | $-0.02 | ||
| Q3 24 | $1.01 | $-0.15 | ||
| Q2 24 | $1.21 | $-0.05 | ||
| Q1 24 | $1.12 | $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 | — | — |
| 股东权益账面价值 | $3.6B | $1.9B |
| 总资产 | $24.9B | $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INDBPATH
| 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 |
股东权益INDBPATH
| Q4 25 | $3.6B | $1.9B | ||
| Q3 25 | $3.5B | $1.7B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $2.9B | $2.0B |
总资产INDBPATH
| Q4 25 | $24.9B | $2.9B | ||
| Q3 25 | $25.0B | $2.6B | ||
| Q2 25 | $20.0B | $2.6B | ||
| Q1 25 | $19.9B | $2.9B | ||
| Q4 24 | $19.4B | $2.7B | ||
| Q3 24 | $19.4B | $2.7B | ||
| Q2 24 | $19.4B | $2.8B | ||
| Q1 24 | $19.3B | $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 | $78.9M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $75.5M | $25.1M |
| 自由现金流率自由现金流/营收 | 35.5% | 6.1% |
| 资本支出强度资本支出/营收 | 1.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.05× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $239.0M | — |
8季度趋势，按日历期对齐
经营现金流INDBPATH
| Q4 25 | $78.9M | $28.3M | ||
| Q3 25 | $52.2M | $41.6M | ||
| Q2 25 | $106.7M | $119.0M | ||
| Q1 25 | $13.3M | $146.1M | ||
| Q4 24 | $42.9M | $28.1M | ||
| Q3 24 | $70.2M | $46.4M | ||
| Q2 24 | $65.6M | $100.0M | ||
| Q1 24 | $51.1M | $145.6M |
自由现金流INDBPATH
| Q4 25 | $75.5M | $25.1M | ||
| Q3 25 | $49.7M | — | ||
| Q2 25 | $102.5M | $106.2M | ||
| Q1 25 | $11.3M | $138.7M | ||
| Q4 24 | $36.5M | $23.2M | ||
| Q3 24 | $64.4M | $45.0M | ||
| Q2 24 | $61.9M | $98.8M | ||
| Q1 24 | $46.7M | $141.8M |
自由现金流率INDBPATH
| Q4 25 | 35.5% | 6.1% | ||
| Q3 25 | 24.4% | — | ||
| Q2 25 | 69.5% | 29.8% | ||
| Q1 25 | 7.8% | 32.7% | ||
| Q4 24 | 25.2% | 6.5% | ||
| Q3 24 | 45.4% | 14.2% | ||
| Q2 24 | 44.9% | 29.5% | ||
| Q1 24 | 34.0% | 35.0% |
资本支出强度INDBPATH
| Q4 25 | 1.6% | 0.8% | ||
| Q3 25 | 1.2% | 0.0% | ||
| Q2 25 | 2.9% | 3.6% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | 4.4% | 1.4% | ||
| Q3 24 | 4.1% | 0.4% | ||
| Q2 24 | 2.7% | 0.4% | ||
| Q1 24 | 3.2% | 0.9% |
现金转化率INDBPATH
| Q4 25 | 1.05× | 0.14× | ||
| Q3 25 | 1.52× | 26.25× | ||
| Q2 25 | 2.09× | — | ||
| Q1 25 | 0.30× | 2.82× | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.07× | 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
INDB
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
