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奥飞娱乐（MAX）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.的季度营收约是奥飞娱乐的1.3倍（$411.1M vs $310.0M），UiPath, Inc.净利率更高（48.4% vs 4.5%，领先43.8%），奥飞娱乐同比增速更快（17.3% vs 15.9%），过去两年奥飞娱乐的营收复合增速更高（31.9% vs 0.7%）
奥飞娱乐股份有限公司由蔡东青于1993年创立，是一家中国跨国综合企业集团，主营动漫、玩具、传媒资产与娱乐业务，2016年由原奥飞动漫更名而来。集团拥有国漫平台有妖气，还在美国设有影视公司奥飞影业，并宣布将在美国设立动漫业务部门。
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。
MAX vs PATH — 直观对比
营收规模更大
PATH
是对方的1.3倍
$310.0M
营收增速更快
MAX
高出1.4%
15.9%
净利率更高
PATH
高出43.8%
4.5%
两年增速更快
MAX
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $310.0M | $411.1M |
| 净利润 | $14.0M | $198.8M |
| 毛利率 | 15.1% | 83.3% |
| 营业利润率 | 7.2% | 3.2% |
| 净利率 | 4.5% | 48.4% |
| 营收同比 | 17.3% | 15.9% |
| 净利润同比 | 701.8% | 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MAXPATH
| Q1 26 | $310.0M | — | ||
| Q4 25 | $291.2M | $411.1M | ||
| Q3 25 | $306.5M | $361.7M | ||
| Q2 25 | $251.6M | $356.6M | ||
| Q1 25 | $264.3M | $423.6M | ||
| Q4 24 | $300.6M | $354.7M | ||
| Q3 24 | $259.1M | $316.3M | ||
| Q2 24 | $178.3M | $335.1M |
净利润MAXPATH
| Q1 26 | $14.0M | — | ||
| Q4 25 | $31.4M | $198.8M | ||
| Q3 25 | $14.9M | $1.6M | ||
| Q2 25 | $-18.7M | $-22.6M | ||
| Q1 25 | $-1.9M | $51.8M | ||
| Q4 24 | $4.6M | $-10.7M | ||
| Q3 24 | $9.5M | $-86.1M | ||
| Q2 24 | $3.6M | $-28.7M |
毛利率MAXPATH
| Q1 26 | 15.1% | — | ||
| Q4 25 | 15.4% | 83.3% | ||
| Q3 25 | 14.2% | 82.2% | ||
| Q2 25 | 15.0% | 82.1% | ||
| Q1 25 | 15.8% | 84.8% | ||
| Q4 24 | 16.3% | 82.0% | ||
| Q3 24 | 15.1% | 80.0% | ||
| Q2 24 | 17.8% | 83.5% |
营业利润率MAXPATH
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.7% | 3.2% | ||
| Q3 25 | 6.4% | -5.6% | ||
| Q2 25 | -8.0% | -4.6% | ||
| Q1 25 | 0.0% | 7.9% | ||
| Q4 24 | 6.1% | -12.2% | ||
| Q3 24 | 6.0% | -32.7% | ||
| Q2 24 | 3.6% | -14.8% |
净利率MAXPATH
| Q1 26 | 4.5% | — | ||
| Q4 25 | 10.8% | 48.4% | ||
| Q3 25 | 4.9% | 0.4% | ||
| Q2 25 | -7.4% | -6.3% | ||
| Q1 25 | -0.7% | 12.2% | ||
| Q4 24 | 1.5% | -3.0% | ||
| Q3 24 | 3.7% | -27.2% | ||
| Q2 24 | 2.0% | -8.6% |
每股收益（稀释后）MAXPATH
| Q1 26 | — | — | ||
| Q4 25 | $0.50 | $0.37 | ||
| Q3 25 | $0.26 | $0.00 | ||
| Q2 25 | $-0.33 | $-0.04 | ||
| Q1 25 | $-0.04 | $0.09 | ||
| Q4 24 | $0.09 | $-0.02 | ||
| Q3 24 | $0.17 | $-0.15 | ||
| Q2 24 | $0.07 | $-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 | $26.1M | $1.4B |
| 总债务越低越好 | $163.5M | — |
| 股东权益账面价值 | — | $1.9B |
| 总资产 | $367.7M | $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MAXPATH
| Q1 26 | $26.1M | — | ||
| Q4 25 | $46.9M | $1.4B | ||
| Q3 25 | $38.8M | $1.4B | ||
| Q2 25 | $85.4M | $1.6B | ||
| Q1 25 | $63.6M | $1.6B | ||
| Q4 24 | $43.3M | $1.6B | ||
| Q3 24 | $32.3M | $1.7B | ||
| Q2 24 | $28.7M | $1.9B |
总债务MAXPATH
| Q1 26 | $163.5M | — | ||
| Q4 25 | $153.4M | — | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $158.0M | — | ||
| Q1 25 | $160.2M | — | ||
| Q4 24 | $162.4M | — | ||
| Q3 24 | $164.7M | — | ||
| Q2 24 | $166.9M | — |
股东权益MAXPATH
| Q1 26 | — | — | ||
| Q4 25 | $4.2M | $1.9B | ||
| Q3 25 | $-29.8M | $1.7B | ||
| Q2 25 | $-3.8M | $1.7B | ||
| Q1 25 | $7.9M | $1.8B | ||
| Q4 24 | $2.4M | $1.7B | ||
| Q3 24 | $-8.4M | $1.8B | ||
| Q2 24 | $-24.4M | $2.0B |
总资产MAXPATH
| Q1 26 | $367.7M | — | ||
| Q4 25 | $383.8M | $2.9B | ||
| Q3 25 | $266.2M | $2.6B | ||
| Q2 25 | $249.4M | $2.6B | ||
| Q1 25 | $240.0M | $2.9B | ||
| Q4 24 | $262.4M | $2.7B | ||
| Q3 24 | $236.1M | $2.7B | ||
| Q2 24 | $198.2M | $2.8B |
负债/权益比MAXPATH
| Q1 26 | — | — | ||
| Q4 25 | 36.88× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 20.23× | — | ||
| Q4 24 | 68.31× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $25.1M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MAXPATH
| Q1 26 | — | — | ||
| Q4 25 | $-7.4M | $28.3M | ||
| Q3 25 | $23.6M | $41.6M | ||
| Q2 25 | $25.7M | $119.0M | ||
| Q1 25 | $23.7M | $146.1M | ||
| Q4 24 | $14.5M | $28.1M | ||
| Q3 24 | $8.1M | $46.4M | ||
| Q2 24 | $21.6M | $100.0M |
自由现金流MAXPATH
| Q1 26 | — | — | ||
| Q4 25 | $-7.5M | $25.1M | ||
| Q3 25 | $23.6M | — | ||
| Q2 25 | $25.5M | $106.2M | ||
| Q1 25 | $23.6M | $138.7M | ||
| Q4 24 | $14.5M | $23.2M | ||
| Q3 24 | $8.0M | $45.0M | ||
| Q2 24 | $21.5M | $98.8M |
自由现金流率MAXPATH
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 6.1% | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 10.2% | 29.8% | ||
| Q1 25 | 8.9% | 32.7% | ||
| Q4 24 | 4.8% | 6.5% | ||
| Q3 24 | 3.1% | 14.2% | ||
| Q2 24 | 12.0% | 29.5% |
资本支出强度MAXPATH
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.8% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.1% | 3.6% | ||
| Q1 25 | 0.0% | 1.7% | ||
| Q4 24 | 0.0% | 1.4% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.1% | 0.4% |
现金转化率MAXPATH
| Q1 26 | — | — | ||
| Q4 25 | -0.24× | 0.14× | ||
| Q3 25 | 1.58× | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | 3.13× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 5.97× | — |
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
MAX
暂无分部数据
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
