vs
麦格劳希尔（MH）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
麦格劳希尔的季度营收约是UiPath, Inc.的1.1倍（$434.2M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs -4.7%，领先53.0%），UiPath, Inc.同比增速更快（15.9% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $25.1M）
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
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。
MH vs PATH — 直观对比
营收规模更大
MH
是对方的1.1倍
$411.1M
营收增速更快
PATH
高出51.0%
-35.1%
净利率更高
PATH
高出53.0%
-4.7%
自由现金流更多
MH
多$260.3M
$25.1M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $434.2M | $411.1M |
| 净利润 | $-20.2M | $198.8M |
| 毛利率 | 85.3% | 83.3% |
| 营业利润率 | 7.0% | 3.2% |
| 净利率 | -4.7% | 48.4% |
| 营收同比 | -35.1% | 15.9% |
| 净利润同比 | -119.2% | 1966.2% |
| 每股收益（稀释后） | $-0.11 | $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MHPATH
| Q4 25 | $434.2M | $411.1M | ||
| Q3 25 | $669.2M | $361.7M | ||
| Q2 25 | $535.7M | $356.6M | ||
| Q1 25 | — | $423.6M | ||
| Q4 24 | — | $354.7M | ||
| Q3 24 | — | $316.3M | ||
| Q2 24 | — | $335.1M | ||
| Q1 24 | — | $405.3M |
净利润MHPATH
| Q4 25 | $-20.2M | $198.8M | ||
| Q3 25 | $105.3M | $1.6M | ||
| Q2 25 | $502.0K | $-22.6M | ||
| Q1 25 | — | $51.8M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-86.1M | ||
| Q2 24 | — | $-28.7M | ||
| Q1 24 | — | $33.9M |
毛利率MHPATH
| Q4 25 | 85.3% | 83.3% | ||
| Q3 25 | 79.2% | 82.2% | ||
| Q2 25 | 77.0% | 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MHPATH
| Q4 25 | 7.0% | 3.2% | ||
| Q3 25 | 23.4% | -5.6% | ||
| Q2 25 | 18.0% | -4.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | — | -32.7% | ||
| Q2 24 | — | -14.8% | ||
| Q1 24 | — | 3.7% |
净利率MHPATH
| Q4 25 | -4.7% | 48.4% | ||
| Q3 25 | 15.7% | 0.4% | ||
| Q2 25 | 0.1% | -6.3% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | — | -27.2% | ||
| Q2 24 | — | -8.6% | ||
| Q1 24 | — | 8.4% |
每股收益（稀释后）MHPATH
| Q4 25 | $-0.11 | $0.37 | ||
| Q3 25 | $0.57 | $0.00 | ||
| Q2 25 | $0.00 | $-0.04 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.05 | ||
| Q1 24 | — | $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 | $514.4M | $1.4B |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $775.3M | $1.9B |
| 总资产 | $5.6B | $2.9B |
| 负债/权益比越低杠杆越低 | 3.36× | — |
8季度趋势，按日历期对齐
现金及短期投资MHPATH
| Q4 25 | $514.4M | $1.4B | ||
| Q3 25 | $463.2M | $1.4B | ||
| Q2 25 | $247.3M | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
总债务MHPATH
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MHPATH
| Q4 25 | $775.3M | $1.9B | ||
| Q3 25 | $794.6M | $1.7B | ||
| Q2 25 | $283.3M | $1.7B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产MHPATH
| Q4 25 | $5.6B | $2.9B | ||
| Q3 25 | $6.0B | $2.6B | ||
| Q2 25 | $5.7B | $2.6B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $3.0B |
负债/权益比MHPATH
| Q4 25 | 3.36× | — | ||
| Q3 25 | 3.52× | — | ||
| Q2 25 | 11.17× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $309.0M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $285.4M | $25.1M |
| 自由现金流率自由现金流/营收 | 65.7% | 6.1% |
| 资本支出强度资本支出/营收 | 5.4% | 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MHPATH
| Q4 25 | $309.0M | $28.3M | ||
| Q3 25 | $265.0M | $41.6M | ||
| Q2 25 | $-96.7M | $119.0M | ||
| Q1 25 | — | $146.1M | ||
| Q4 24 | — | $28.1M | ||
| Q3 24 | — | $46.4M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $145.6M |
自由现金流MHPATH
| Q4 25 | $285.4M | $25.1M | ||
| Q3 25 | $243.8M | — | ||
| Q2 25 | $-112.9M | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率MHPATH
| Q4 25 | 65.7% | 6.1% | ||
| Q3 25 | 36.4% | — | ||
| Q2 25 | -21.1% | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度MHPATH
| Q4 25 | 5.4% | 0.8% | ||
| Q3 25 | 3.2% | 0.0% | ||
| Q2 25 | 3.0% | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率MHPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 2.52× | 26.25× | ||
| Q2 25 | -192.53× | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
