vs
光辉国际（KFY）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
光辉国际的季度营收约是UiPath, Inc.的1.8倍（$729.8M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 9.9%，领先38.4%），UiPath, Inc.同比增速更快（15.9% vs 7.0%），光辉国际自由现金流更多（$100.7M vs $25.1M），过去两年光辉国际的营收复合增速更高（3.8% vs 0.7%）
光辉国际是一家总部位于美国加利福尼亚州洛杉矶的管理咨询企业，成立于1969年。截至2019年，公司在全球53个国家设有111个办事处，员工总数达8198名，旗下设有咨询、数字化、高管寻访、招聘流程外包及专业人才寻访四大业务板块，为全球客户提供全方位的人力资源及管理解决方案。
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。
KFY vs PATH — 直观对比
营收规模更大
KFY
是对方的1.8倍
$411.1M
营收增速更快
PATH
高出8.9%
7.0%
净利率更高
PATH
高出38.4%
9.9%
自由现金流更多
KFY
多$75.6M
$25.1M
两年增速更快
KFY
近两年复合增速
0.7%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $729.8M | $411.1M |
| 净利润 | $72.4M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 13.5% | 3.2% |
| 净利率 | 9.9% | 48.4% |
| 营收同比 | 7.0% | 15.9% |
| 净利润同比 | 19.1% | 1966.2% |
| 每股收益（稀释后） | $1.36 | $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KFYPATH
| Q4 25 | $729.8M | $411.1M | ||
| Q3 25 | $715.5M | $361.7M | ||
| Q2 25 | $719.8M | $356.6M | ||
| Q1 25 | $676.5M | $423.6M | ||
| Q4 24 | $682.0M | $354.7M | ||
| Q3 24 | $682.8M | $316.3M | ||
| Q2 24 | $699.9M | $335.1M | ||
| Q1 24 | $676.9M | $405.3M |
净利润KFYPATH
| Q4 25 | $72.4M | $198.8M | ||
| Q3 25 | $66.6M | $1.6M | ||
| Q2 25 | $64.2M | $-22.6M | ||
| Q1 25 | $58.4M | $51.8M | ||
| Q4 24 | $60.8M | $-10.7M | ||
| Q3 24 | $62.6M | $-86.1M | ||
| Q2 24 | $65.2M | $-28.7M | ||
| Q1 24 | $59.1M | $33.9M |
毛利率KFYPATH
| 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KFYPATH
| Q4 25 | 13.5% | 3.2% | ||
| Q3 25 | 11.7% | -5.6% | ||
| Q2 25 | 14.5% | -4.6% | ||
| Q1 25 | 11.6% | 7.9% | ||
| Q4 24 | 12.8% | -12.2% | ||
| Q3 24 | 11.1% | -32.7% | ||
| Q2 24 | 11.9% | -14.8% | ||
| Q1 24 | 7.4% | 3.7% |
净利率KFYPATH
| Q4 25 | 9.9% | 48.4% | ||
| Q3 25 | 9.3% | 0.4% | ||
| Q2 25 | 8.9% | -6.3% | ||
| Q1 25 | 8.6% | 12.2% | ||
| Q4 24 | 8.9% | -3.0% | ||
| Q3 24 | 9.2% | -27.2% | ||
| Q2 24 | 9.3% | -8.6% | ||
| Q1 24 | 8.7% | 8.4% |
每股收益（稀释后）KFYPATH
| Q4 25 | $1.36 | $0.37 | ||
| Q3 25 | $1.26 | $0.00 | ||
| Q2 25 | $1.19 | $-0.04 | ||
| Q1 25 | $1.10 | $0.09 | ||
| Q4 24 | $1.14 | $-0.02 | ||
| Q3 24 | $1.17 | $-0.15 | ||
| Q2 24 | $1.25 | $-0.05 | ||
| Q1 24 | $1.13 | $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 | $801.1M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $1.9B |
| 总资产 | $3.7B | $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KFYPATH
| Q4 25 | $801.1M | $1.4B | ||
| Q3 25 | $721.1M | $1.4B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $820.0M | $1.6B | ||
| Q4 24 | $735.5M | $1.6B | ||
| Q3 24 | $674.0M | $1.7B | ||
| Q2 24 | $983.7M | $1.9B | ||
| Q1 24 | $782.5M | $1.9B |
股东权益KFYPATH
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.7B | $2.0B |
总资产KFYPATH
| Q4 25 | $3.7B | $2.9B | ||
| Q3 25 | $3.6B | $2.6B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $3.6B | $2.9B | ||
| Q4 24 | $3.5B | $2.7B | ||
| Q3 24 | $3.4B | $2.7B | ||
| Q2 24 | $3.7B | $2.8B | ||
| Q1 24 | $3.6B | $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 | $121.4M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $100.7M | $25.1M |
| 自由现金流率自由现金流/营收 | 13.8% | 6.1% |
| 资本支出强度资本支出/营收 | 2.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.68× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $272.6M | — |
8季度趋势，按日历期对齐
经营现金流KFYPATH
| Q4 25 | $121.4M | $28.3M | ||
| Q3 25 | $-237.4M | $41.6M | ||
| Q2 25 | $255.8M | $119.0M | ||
| Q1 25 | $213.7M | $146.1M | ||
| Q4 24 | $122.0M | $28.1M | ||
| Q3 24 | $-227.2M | $46.4M | ||
| Q2 24 | $261.9M | $100.0M | ||
| Q1 24 | $164.0M | $145.6M |
自由现金流KFYPATH
| Q4 25 | $100.7M | $25.1M | ||
| Q3 25 | $-260.0M | — | ||
| Q2 25 | $235.5M | $106.2M | ||
| Q1 25 | $196.4M | $138.7M | ||
| Q4 24 | $107.7M | $23.2M | ||
| Q3 24 | $-237.7M | $45.0M | ||
| Q2 24 | $250.0M | $98.8M | ||
| Q1 24 | $152.3M | $141.8M |
自由现金流率KFYPATH
| Q4 25 | 13.8% | 6.1% | ||
| Q3 25 | -36.3% | — | ||
| Q2 25 | 32.7% | 29.8% | ||
| Q1 25 | 29.0% | 32.7% | ||
| Q4 24 | 15.8% | 6.5% | ||
| Q3 24 | -34.8% | 14.2% | ||
| Q2 24 | 35.7% | 29.5% | ||
| Q1 24 | 22.5% | 35.0% |
资本支出强度KFYPATH
| Q4 25 | 2.8% | 0.8% | ||
| Q3 25 | 3.2% | 0.0% | ||
| Q2 25 | 2.8% | 3.6% | ||
| Q1 25 | 2.6% | 1.7% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.7% | 0.4% | ||
| Q1 24 | 1.7% | 0.9% |
现金转化率KFYPATH
| Q4 25 | 1.68× | 0.14× | ||
| Q3 25 | -3.56× | 26.25× | ||
| Q2 25 | 3.98× | — | ||
| Q1 25 | 3.66× | 2.82× | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | -3.63× | — | ||
| Q2 24 | 4.02× | — | ||
| Q1 24 | 2.78× | 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
KFY
| Industrial | $234.0M | 32% |
| Technology Service | $104.5M | 14% |
| RPO | $92.3M | 13% |
| Digital | $91.2M | 13% |
| Consumer Goods | $85.0M | 12% |
| Executive Search EMEA | $52.2M | 7% |
| Education Non Profit And General | $43.2M | 6% |
| Executive Search Asia Pacific | $24.3M | 3% |
| Reimbursed Out Of Pocket Engagement Expenses | $8.1M | 1% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
