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摩丁制造（MOD）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是UiPath, Inc.的2.0倍（$805.0M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs -5.9%，领先54.3%），摩丁制造同比增速更快（30.5% vs 15.9%），UiPath, Inc.自由现金流更多（$25.1M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 0.7%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
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。
MOD vs PATH — 直观对比
营收规模更大
MOD
是对方的2.0倍
$411.1M
营收增速更快
MOD
高出14.6%
15.9%
净利率更高
PATH
高出54.3%
-5.9%
自由现金流更多
PATH
多$42.2M
$-17.1M
两年增速更快
MOD
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $411.1M |
| 净利润 | $-47.4M | $198.8M |
| 毛利率 | 23.1% | 83.3% |
| 营业利润率 | 11.1% | 3.2% |
| 净利率 | -5.9% | 48.4% |
| 营收同比 | 30.5% | 15.9% |
| 净利润同比 | -215.6% | 1966.2% |
| 每股收益（稀释后） | $-0.90 | $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MODPATH
| Q4 25 | $805.0M | $411.1M | ||
| Q3 25 | $738.9M | $361.7M | ||
| Q2 25 | $682.8M | $356.6M | ||
| Q1 25 | $647.2M | $423.6M | ||
| Q4 24 | $616.8M | $354.7M | ||
| Q3 24 | $658.0M | $316.3M | ||
| Q2 24 | $661.5M | $335.1M | ||
| Q1 24 | $603.5M | $405.3M |
净利润MODPATH
| Q4 25 | $-47.4M | $198.8M | ||
| Q3 25 | $44.4M | $1.6M | ||
| Q2 25 | $51.2M | $-22.6M | ||
| Q1 25 | $49.6M | $51.8M | ||
| Q4 24 | $41.0M | $-10.7M | ||
| Q3 24 | $46.1M | $-86.1M | ||
| Q2 24 | $47.3M | $-28.7M | ||
| Q1 24 | $25.8M | $33.9M |
毛利率MODPATH
| Q4 25 | 23.1% | 83.3% | ||
| Q3 25 | 22.3% | 82.2% | ||
| Q2 25 | 24.2% | 82.1% | ||
| Q1 25 | 25.6% | 84.8% | ||
| Q4 24 | 24.3% | 82.0% | ||
| Q3 24 | 25.2% | 80.0% | ||
| Q2 24 | 24.6% | 83.5% | ||
| Q1 24 | 22.4% | 86.8% |
营业利润率MODPATH
| Q4 25 | 11.1% | 3.2% | ||
| Q3 25 | 9.9% | -5.6% | ||
| Q2 25 | 11.1% | -4.6% | ||
| Q1 25 | 11.5% | 7.9% | ||
| Q4 24 | 9.6% | -12.2% | ||
| Q3 24 | 11.4% | -32.7% | ||
| Q2 24 | 11.2% | -14.8% | ||
| Q1 24 | 7.8% | 3.7% |
净利率MODPATH
| Q4 25 | -5.9% | 48.4% | ||
| Q3 25 | 6.0% | 0.4% | ||
| Q2 25 | 7.5% | -6.3% | ||
| Q1 25 | 7.7% | 12.2% | ||
| Q4 24 | 6.6% | -3.0% | ||
| Q3 24 | 7.0% | -27.2% | ||
| Q2 24 | 7.2% | -8.6% | ||
| Q1 24 | 4.3% | 8.4% |
每股收益（稀释后）MODPATH
| Q4 25 | $-0.90 | $0.37 | ||
| Q3 25 | $0.83 | $0.00 | ||
| Q2 25 | $0.95 | $-0.04 | ||
| Q1 25 | $0.92 | $0.09 | ||
| Q4 24 | $0.76 | $-0.02 | ||
| Q3 24 | $0.86 | $-0.15 | ||
| Q2 24 | $0.88 | $-0.05 | ||
| Q1 24 | $0.48 | $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 | $98.7M | $1.4B |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $1.9B |
| 总资产 | $2.5B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODPATH
| Q4 25 | $98.7M | $1.4B | ||
| Q3 25 | $83.8M | $1.4B | ||
| Q2 25 | $124.5M | $1.6B | ||
| Q1 25 | $71.6M | $1.6B | ||
| Q4 24 | $83.8M | $1.6B | ||
| Q3 24 | $78.6M | $1.7B | ||
| Q2 24 | $72.9M | $1.9B | ||
| Q1 24 | $60.1M | $1.9B |
总债务MODPATH
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | — |
股东权益MODPATH
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $910.2M | $1.8B | ||
| Q4 24 | $855.1M | $1.7B | ||
| Q3 24 | $858.8M | $1.8B | ||
| Q2 24 | $788.4M | $2.0B | ||
| Q1 24 | $747.6M | $2.0B |
总资产MODPATH
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $2.4B | $2.6B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $1.9B | $2.9B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $1.9B | $2.8B | ||
| Q1 24 | $1.9B | $3.0B |
负债/权益比MODPATH
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | — |
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 | $24.7M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $25.1M |
| 自由现金流率自由现金流/营收 | -2.1% | 6.1% |
| 资本支出强度资本支出/营收 | 5.2% | 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 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODPATH
| Q4 25 | $24.7M | $28.3M | ||
| Q3 25 | $1.4M | $41.6M | ||
| Q2 25 | $27.7M | $119.0M | ||
| Q1 25 | $54.8M | $146.1M | ||
| Q4 24 | $60.7M | $28.1M | ||
| Q3 24 | $57.3M | $46.4M | ||
| Q2 24 | $40.5M | $100.0M | ||
| Q1 24 | $39.6M | $145.6M |
自由现金流MODPATH
| Q4 25 | $-17.1M | $25.1M | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | $106.2M | ||
| Q1 25 | $27.1M | $138.7M | ||
| Q4 24 | $44.7M | $23.2M | ||
| Q3 24 | $43.8M | $45.0M | ||
| Q2 24 | $13.7M | $98.8M | ||
| Q1 24 | $-4.3M | $141.8M |
自由现金流率MODPATH
| Q4 25 | -2.1% | 6.1% | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | 29.8% | ||
| Q1 25 | 4.2% | 32.7% | ||
| Q4 24 | 7.2% | 6.5% | ||
| Q3 24 | 6.7% | 14.2% | ||
| Q2 24 | 2.1% | 29.5% | ||
| Q1 24 | -0.7% | 35.0% |
资本支出强度MODPATH
| Q4 25 | 5.2% | 0.8% | ||
| Q3 25 | 4.3% | 0.0% | ||
| Q2 25 | 4.0% | 3.6% | ||
| Q1 25 | 4.3% | 1.7% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 2.1% | 0.4% | ||
| Q2 24 | 4.1% | 0.4% | ||
| Q1 24 | 7.3% | 0.9% |
现金转化率MODPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 0.03× | 26.25× | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | 2.82× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | 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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
