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乐至宝（LZB）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
乐至宝的季度营收约是UiPath, Inc.的1.3倍（$541.6M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 4.0%，领先44.4%），UiPath, Inc.同比增速更快（15.9% vs 3.8%），乐至宝自由现金流更多（$71.6M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -1.1%）
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
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。
LZB vs PATH — 直观对比
营收规模更大
LZB
是对方的1.3倍
$411.1M
营收增速更快
PATH
高出12.1%
3.8%
净利率更高
PATH
高出44.4%
4.0%
自由现金流更多
LZB
多$46.4M
$25.1M
两年增速更快
PATH
近两年复合增速
-1.1%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $541.6M | $411.1M |
| 净利润 | $21.6M | $198.8M |
| 毛利率 | 43.1% | 83.3% |
| 营业利润率 | 5.5% | 3.2% |
| 净利率 | 4.0% | 48.4% |
| 营收同比 | 3.8% | 15.9% |
| 净利润同比 | -23.8% | 1966.2% |
| 每股收益（稀释后） | $0.52 | $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LZBPATH
| Q1 26 | $541.6M | — | ||
| Q4 25 | $522.5M | $411.1M | ||
| Q3 25 | $492.2M | $361.7M | ||
| Q2 25 | $570.9M | $356.6M | ||
| Q1 25 | $521.8M | $423.6M | ||
| Q4 24 | $521.0M | $354.7M | ||
| Q3 24 | $495.5M | $316.3M | ||
| Q2 24 | $553.5M | $335.1M |
净利润LZBPATH
| Q1 26 | $21.6M | — | ||
| Q4 25 | $28.9M | $198.8M | ||
| Q3 25 | $18.2M | $1.6M | ||
| Q2 25 | $14.9M | $-22.6M | ||
| Q1 25 | $28.4M | $51.8M | ||
| Q4 24 | $30.0M | $-10.7M | ||
| Q3 24 | $26.2M | $-86.1M | ||
| Q2 24 | $39.3M | $-28.7M |
毛利率LZBPATH
| Q1 26 | 43.1% | — | ||
| Q4 25 | 44.2% | 83.3% | ||
| Q3 25 | 42.5% | 82.2% | ||
| Q2 25 | 44.0% | 82.1% | ||
| Q1 25 | 44.3% | 84.8% | ||
| Q4 24 | 44.3% | 82.0% | ||
| Q3 24 | 43.1% | 80.0% | ||
| Q2 24 | 43.4% | 83.5% |
营业利润率LZBPATH
| Q1 26 | 5.5% | — | ||
| Q4 25 | 6.9% | 3.2% | ||
| Q3 25 | 4.5% | -5.6% | ||
| Q2 25 | 5.2% | -4.6% | ||
| Q1 25 | 6.7% | 7.9% | ||
| Q4 24 | 7.4% | -12.2% | ||
| Q3 24 | 6.5% | -32.7% | ||
| Q2 24 | 9.1% | -14.8% |
净利率LZBPATH
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.5% | 48.4% | ||
| Q3 25 | 3.7% | 0.4% | ||
| Q2 25 | 2.6% | -6.3% | ||
| Q1 25 | 5.4% | 12.2% | ||
| Q4 24 | 5.8% | -3.0% | ||
| Q3 24 | 5.3% | -27.2% | ||
| Q2 24 | 7.1% | -8.6% |
每股收益（稀释后）LZBPATH
| Q1 26 | $0.52 | — | ||
| Q4 25 | $0.70 | $0.37 | ||
| Q3 25 | $0.44 | $0.00 | ||
| Q2 25 | $0.35 | $-0.04 | ||
| Q1 25 | $0.68 | $0.09 | ||
| Q4 24 | $0.71 | $-0.02 | ||
| Q3 24 | $0.61 | $-0.15 | ||
| Q2 24 | $0.91 | $-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 | $306.1M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $1.9B |
| 总资产 | $2.1B | $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LZBPATH
| Q1 26 | $306.1M | — | ||
| Q4 25 | $338.5M | $1.4B | ||
| Q3 25 | $318.5M | $1.4B | ||
| Q2 25 | $328.4M | $1.6B | ||
| Q1 25 | $314.6M | $1.6B | ||
| Q4 24 | $303.1M | $1.6B | ||
| Q3 24 | $342.3M | $1.7B | ||
| Q2 24 | $341.1M | $1.9B |
股东权益LZBPATH
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $999.2M | $1.8B | ||
| Q2 24 | $1.0B | $2.0B |
总资产LZBPATH
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $2.9B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $2.0B | $2.9B | ||
| Q4 24 | $1.9B | $2.7B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $1.9B | $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 | $89.4M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $71.6M | $25.1M |
| 自由现金流率自由现金流/营收 | 13.2% | 6.1% |
| 资本支出强度资本支出/营收 | 3.3% | 0.8% |
| 现金转化率经营现金流/净利润 | 4.13× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $158.2M | — |
8季度趋势，按日历期对齐
经营现金流LZBPATH
| Q1 26 | $89.4M | — | ||
| Q4 25 | $50.0M | $28.3M | ||
| Q3 25 | $36.3M | $41.6M | ||
| Q2 25 | $62.0M | $119.0M | ||
| Q1 25 | $57.0M | $146.1M | ||
| Q4 24 | $15.9M | $28.1M | ||
| Q3 24 | $52.3M | $46.4M | ||
| Q2 24 | $52.8M | $100.0M |
自由现金流LZBPATH
| Q1 26 | $71.6M | — | ||
| Q4 25 | $29.6M | $25.1M | ||
| Q3 25 | $17.8M | — | ||
| Q2 25 | $39.3M | $106.2M | ||
| Q1 25 | $38.2M | $138.7M | ||
| Q4 24 | $-1.2M | $23.2M | ||
| Q3 24 | $36.7M | $45.0M | ||
| Q2 24 | $37.3M | $98.8M |
自由现金流率LZBPATH
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | 6.1% | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 6.9% | 29.8% | ||
| Q1 25 | 7.3% | 32.7% | ||
| Q4 24 | -0.2% | 6.5% | ||
| Q3 24 | 7.4% | 14.2% | ||
| Q2 24 | 6.7% | 29.5% |
资本支出强度LZBPATH
| Q1 26 | 3.3% | — | ||
| Q4 25 | 3.9% | 0.8% | ||
| Q3 25 | 3.8% | 0.0% | ||
| Q2 25 | 4.0% | 3.6% | ||
| Q1 25 | 3.6% | 1.7% | ||
| Q4 24 | 3.3% | 1.4% | ||
| Q3 24 | 3.2% | 0.4% | ||
| Q2 24 | 2.8% | 0.4% |
现金转化率LZBPATH
| Q1 26 | 4.13× | — | ||
| Q4 25 | 1.73× | 0.14× | ||
| Q3 25 | 1.99× | 26.25× | ||
| Q2 25 | 4.15× | — | ||
| Q1 25 | 2.01× | 2.82× | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 1.34× | — |
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
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
