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Northwest Natural Holding Co（NWN）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Northwest Natural Holding Co的1.0倍（$411.1M vs $394.2M），UiPath, Inc.同比增速更快（15.9% vs 6.3%），UiPath, Inc.自由现金流更多（$25.1M vs $-131.0M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -4.6%）
西北天然气控股公司是美国上市公用事业企业，总部位于俄勒冈州波特兰，成立于1859年。核心业务为天然气配送，服务俄勒冈州西部、华盛顿州西南部的居民、商业及工业客户，同时运营水务业务，目前服务约80万用户，年营收超10亿美元。
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。
NWN vs PATH — 直观对比
营收规模更大
PATH
是对方的1.0倍
$394.2M
营收增速更快
PATH
高出9.6%
6.3%
自由现金流更多
PATH
多$156.1M
$-131.0M
两年增速更快
PATH
近两年复合增速
-4.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $394.2M | $411.1M |
| 净利润 | — | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 28.4% | 3.2% |
| 净利率 | — | 48.4% |
| 营收同比 | 6.3% | 15.9% |
| 净利润同比 | — | 1966.2% |
| 每股收益（稀释后） | $1.38 | $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NWNPATH
| Q4 25 | $394.2M | $411.1M | ||
| Q3 25 | $164.7M | $361.7M | ||
| Q2 25 | $236.2M | $356.6M | ||
| Q1 25 | $494.3M | $423.6M | ||
| Q4 24 | $370.9M | $354.7M | ||
| Q3 24 | $136.9M | $316.3M | ||
| Q2 24 | $211.7M | $335.1M | ||
| Q1 24 | $433.5M | $405.3M |
净利润NWNPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | $-29.9M | $1.6M | ||
| Q2 25 | $-2.5M | $-22.6M | ||
| Q1 25 | $87.9M | $51.8M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | $-27.2M | $-86.1M | ||
| Q2 24 | $-2.8M | $-28.7M | ||
| Q1 24 | $63.8M | $33.9M |
毛利率NWNPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 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NWNPATH
| Q4 25 | 28.4% | 3.2% | ||
| Q3 25 | -7.5% | -5.6% | ||
| Q2 25 | 11.5% | -4.6% | ||
| Q1 25 | 31.2% | 7.9% | ||
| Q4 24 | 22.9% | -12.2% | ||
| Q3 24 | -14.1% | -32.7% | ||
| Q2 24 | 7.4% | -14.8% | ||
| Q1 24 | 25.3% | 3.7% |
净利率NWNPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | -18.1% | 0.4% | ||
| Q2 25 | -1.1% | -6.3% | ||
| Q1 25 | 17.8% | 12.2% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | -19.8% | -27.2% | ||
| Q2 24 | -1.3% | -8.6% | ||
| Q1 24 | 14.7% | 8.4% |
每股收益（稀释后）NWNPATH
| Q4 25 | $1.38 | $0.37 | ||
| Q3 25 | $-0.73 | $0.00 | ||
| Q2 25 | $-0.06 | $-0.04 | ||
| Q1 25 | $2.18 | $0.09 | ||
| Q4 24 | $1.12 | $-0.02 | ||
| Q3 24 | $-0.71 | $-0.15 | ||
| Q2 24 | $-0.07 | $-0.05 | ||
| Q1 24 | $1.69 | $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 | $36.7M | $1.4B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $1.5B | $1.9B |
| 总资产 | $6.2B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资NWNPATH
| Q4 25 | $36.7M | $1.4B | ||
| Q3 25 | $32.2M | $1.4B | ||
| Q2 25 | $102.6M | $1.6B | ||
| Q1 25 | $100.0M | $1.6B | ||
| Q4 24 | $38.5M | $1.6B | ||
| Q3 24 | $35.0M | $1.7B | ||
| Q2 24 | $65.2M | $1.9B | ||
| Q1 24 | $72.4M | $1.9B |
总债务NWNPATH
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
股东权益NWNPATH
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.3B | $2.0B |
总资产NWNPATH
| Q4 25 | $6.2B | $2.9B | ||
| Q3 25 | $5.9B | $2.6B | ||
| Q2 25 | $5.8B | $2.6B | ||
| Q1 25 | $5.7B | $2.9B | ||
| Q4 24 | $5.2B | $2.7B | ||
| Q3 24 | $4.9B | $2.7B | ||
| Q2 24 | $4.8B | $2.8B | ||
| Q1 24 | $4.8B | $3.0B |
负债/权益比NWNPATH
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | 1.53× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | 1.17× | — |
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 | $3.3M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-131.0M | $25.1M |
| 自由现金流率自由现金流/营收 | -33.2% | 6.1% |
| 资本支出强度资本支出/营收 | 34.1% | 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 | $-197.8M | — |
8季度趋势，按日历期对齐
经营现金流NWNPATH
| Q4 25 | $3.3M | $28.3M | ||
| Q3 25 | $-15.9M | $41.6M | ||
| Q2 25 | $102.2M | $119.0M | ||
| Q1 25 | $179.6M | $146.1M | ||
| Q4 24 | $-19.4M | $28.1M | ||
| Q3 24 | $-26.4M | $46.4M | ||
| Q2 24 | $121.0M | $100.0M | ||
| Q1 24 | $125.0M | $145.6M |
自由现金流NWNPATH
| Q4 25 | $-131.0M | $25.1M | ||
| Q3 25 | $-125.9M | — | ||
| Q2 25 | $-18.3M | $106.2M | ||
| Q1 25 | $77.4M | $138.7M | ||
| Q4 24 | $-119.6M | $23.2M | ||
| Q3 24 | $-121.7M | $45.0M | ||
| Q2 24 | $4.3M | $98.8M | ||
| Q1 24 | $42.8M | $141.8M |
自由现金流率NWNPATH
| Q4 25 | -33.2% | 6.1% | ||
| Q3 25 | -76.4% | — | ||
| Q2 25 | -7.8% | 29.8% | ||
| Q1 25 | 15.7% | 32.7% | ||
| Q4 24 | -32.2% | 6.5% | ||
| Q3 24 | -88.9% | 14.2% | ||
| Q2 24 | 2.0% | 29.5% | ||
| Q1 24 | 9.9% | 35.0% |
资本支出强度NWNPATH
| Q4 25 | 34.1% | 0.8% | ||
| Q3 25 | 66.8% | 0.0% | ||
| Q2 25 | 51.0% | 3.6% | ||
| Q1 25 | 20.7% | 1.7% | ||
| Q4 24 | 27.0% | 1.4% | ||
| Q3 24 | 69.6% | 0.4% | ||
| Q2 24 | 55.1% | 0.4% | ||
| Q1 24 | 19.0% | 0.9% |
现金转化率NWNPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.04× | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.96× | 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
NWN
| NWN Gas Utility | $341.4M | 87% |
| Alternativerevenue | $27.2M | 7% |
| Si Energy Gas Utility | $20.0M | 5% |
| NW Natural Other | $6.9M | 2% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
