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迈心诺（MASI）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.的季度营收约是迈心诺的1.1倍（$411.1M vs $371.5M），UiPath, Inc.净利率更高（48.4% vs -27.0%，领先75.4%），UiPath, Inc.同比增速更快（15.9% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -17.7%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
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。
MASI vs PATH — 直观对比
营收规模更大
PATH
是对方的1.1倍
$371.5M
营收增速更快
PATH
高出42.3%
-26.4%
净利率更高
PATH
高出75.4%
-27.0%
自由现金流更多
MASI
多$25.8M
$25.1M
两年增速更快
PATH
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $411.1M |
| 净利润 | $-100.4M | $198.8M |
| 毛利率 | 62.1% | 83.3% |
| 营业利润率 | 22.5% | 3.2% |
| 净利率 | -27.0% | 48.4% |
| 营收同比 | -26.4% | 15.9% |
| 净利润同比 | -1124.5% | 1966.2% |
| 每股收益（稀释后） | $-1.84 | $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MASIPATH
| Q4 25 | — | $411.1M | ||
| Q3 25 | $371.5M | $361.7M | ||
| Q2 25 | $370.9M | $356.6M | ||
| Q1 25 | $372.0M | $423.6M | ||
| Q4 24 | $600.7M | $354.7M | ||
| Q3 24 | $504.6M | $316.3M | ||
| Q2 24 | $496.3M | $335.1M | ||
| Q1 24 | $492.8M | $405.3M |
净利润MASIPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | $-100.4M | $1.6M | ||
| Q2 25 | $51.3M | $-22.6M | ||
| Q1 25 | $-170.7M | $51.8M | ||
| Q4 24 | $-349.6M | $-10.7M | ||
| Q3 24 | $9.8M | $-86.1M | ||
| Q2 24 | $16.0M | $-28.7M | ||
| Q1 24 | $18.9M | $33.9M |
毛利率MASIPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | 62.1% | 82.2% | ||
| Q2 25 | 62.9% | 82.1% | ||
| Q1 25 | 62.9% | 84.8% | ||
| Q4 24 | 40.7% | 82.0% | ||
| Q3 24 | 52.2% | 80.0% | ||
| Q2 24 | 51.3% | 83.5% | ||
| Q1 24 | 49.0% | 86.8% |
营业利润率MASIPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | 22.5% | -5.6% | ||
| Q2 25 | 17.4% | -4.6% | ||
| Q1 25 | 21.0% | 7.9% | ||
| Q4 24 | -59.8% | -12.2% | ||
| Q3 24 | 6.0% | -32.7% | ||
| Q2 24 | 5.7% | -14.8% | ||
| Q1 24 | 6.9% | 3.7% |
净利率MASIPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | -27.0% | 0.4% | ||
| Q2 25 | 13.8% | -6.3% | ||
| Q1 25 | -45.9% | 12.2% | ||
| Q4 24 | -58.2% | -3.0% | ||
| Q3 24 | 1.9% | -27.2% | ||
| Q2 24 | 3.2% | -8.6% | ||
| Q1 24 | 3.8% | 8.4% |
每股收益（稀释后）MASIPATH
| Q4 25 | — | $0.37 | ||
| Q3 25 | $-1.84 | $0.00 | ||
| Q2 25 | $0.94 | $-0.04 | ||
| Q1 25 | $-3.12 | $0.09 | ||
| Q4 24 | $-6.54 | $-0.02 | ||
| Q3 24 | $0.18 | $-0.15 | ||
| Q2 24 | $0.29 | $-0.05 | ||
| Q1 24 | $0.35 | $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 | $312.3M | $1.4B |
| 总债务越低越好 | $559.1M | — |
| 股东权益账面价值 | $810.0M | $1.9B |
| 总资产 | $1.8B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资MASIPATH
| Q4 25 | — | $1.4B | ||
| Q3 25 | $312.3M | $1.4B | ||
| Q2 25 | $149.6M | $1.6B | ||
| Q1 25 | $130.8M | $1.6B | ||
| Q4 24 | $177.6M | $1.6B | ||
| Q3 24 | $158.5M | $1.7B | ||
| Q2 24 | $129.6M | $1.9B | ||
| Q1 24 | $157.6M | $1.9B |
总债务MASIPATH
| Q4 25 | — | — | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | — | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — |
股东权益MASIPATH
| Q4 25 | — | $1.9B | ||
| Q3 25 | $810.0M | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $946.4M | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $2.0B |
总资产MASIPATH
| Q4 25 | — | $2.9B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $2.3B | $2.9B | ||
| Q4 24 | $2.6B | $2.7B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.9B | $2.8B | ||
| Q1 24 | $3.0B | $3.0B |
负债/权益比MASIPATH
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
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 | $56.8M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $25.1M |
| 自由现金流率自由现金流/营收 | 13.7% | 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 | — | 0.14× |
| 过去12个月自由现金流最近4个季度 | $191.0M | — |
8季度趋势，按日历期对齐
经营现金流MASIPATH
| Q4 25 | — | $28.3M | ||
| Q3 25 | $56.8M | $41.6M | ||
| Q2 25 | $69.4M | $119.0M | ||
| Q1 25 | $31.1M | $146.1M | ||
| Q4 24 | $50.5M | $28.1M | ||
| Q3 24 | $25.6M | $46.4M | ||
| Q2 24 | $74.5M | $100.0M | ||
| Q1 24 | $45.8M | $145.6M |
自由现金流MASIPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | $50.9M | — | ||
| Q2 25 | $65.6M | $106.2M | ||
| Q1 25 | $28.5M | $138.7M | ||
| Q4 24 | $46.0M | $23.2M | ||
| Q3 24 | $16.9M | $45.0M | ||
| Q2 24 | $66.9M | $98.8M | ||
| Q1 24 | $37.6M | $141.8M |
自由现金流率MASIPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 17.7% | 29.8% | ||
| Q1 25 | 7.7% | 32.7% | ||
| Q4 24 | 7.7% | 6.5% | ||
| Q3 24 | 3.3% | 14.2% | ||
| Q2 24 | 13.5% | 29.5% | ||
| Q1 24 | 7.6% | 35.0% |
资本支出强度MASIPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.0% | 3.6% | ||
| Q1 25 | 0.7% | 1.7% | ||
| Q4 24 | 0.7% | 1.4% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 1.7% | 0.9% |
现金转化率MASIPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | 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
MASI
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
