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ONTO INNOVATION INC.（ONTO）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ONTO INNOVATION INC.的1.9倍（$411.1M vs $218.2M），UiPath, Inc.净利率更高（48.4% vs 12.9%，领先35.4%），UiPath, Inc.同比增速更快（15.9% vs -13.5%），ONTO INNOVATION INC.自由现金流更多（$82.0M vs $25.1M），过去两年ONTO INNOVATION INC.的营收复合增速更高（2.6% vs 0.7%）
Onto Innovation是一家美国半导体企业，2019年由Rudolph Technologies与Nanometrics合并组建，为微电子制造行业提供生产工艺、工艺控制相关设备及配套软件解决方案，是全球半导体制造支撑领域的重要供应商。
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。
ONTO vs PATH — 直观对比
营收规模更大
PATH
是对方的1.9倍
$218.2M
营收增速更快
PATH
高出29.4%
-13.5%
净利率更高
PATH
高出35.4%
12.9%
自由现金流更多
ONTO
多$56.9M
$25.1M
两年增速更快
ONTO
近两年复合增速
0.7%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $218.2M | $411.1M |
| 净利润 | $28.2M | $198.8M |
| 毛利率 | 50.7% | 83.3% |
| 营业利润率 | 10.9% | 3.2% |
| 净利率 | 12.9% | 48.4% |
| 营收同比 | -13.5% | 15.9% |
| 净利润同比 | -46.8% | 1966.2% |
| 每股收益（稀释后） | $0.57 | $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ONTOPATH
| Q4 25 | — | $411.1M | ||
| Q3 25 | $218.2M | $361.7M | ||
| Q2 25 | $253.6M | $356.6M | ||
| Q1 25 | $266.6M | $423.6M | ||
| Q4 24 | $263.9M | $354.7M | ||
| Q3 24 | $252.2M | $316.3M | ||
| Q2 24 | $242.3M | $335.1M | ||
| Q1 24 | $228.8M | $405.3M |
净利润ONTOPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | $28.2M | $1.6M | ||
| Q2 25 | $33.9M | $-22.6M | ||
| Q1 25 | $64.1M | $51.8M | ||
| Q4 24 | $48.8M | $-10.7M | ||
| Q3 24 | $53.1M | $-86.1M | ||
| Q2 24 | $52.9M | $-28.7M | ||
| Q1 24 | $46.9M | $33.9M |
毛利率ONTOPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | 50.7% | 82.2% | ||
| Q2 25 | 48.2% | 82.1% | ||
| Q1 25 | 53.7% | 84.8% | ||
| Q4 24 | 50.2% | 82.0% | ||
| Q3 24 | 54.1% | 80.0% | ||
| Q2 24 | 52.9% | 83.5% | ||
| Q1 24 | 51.7% | 86.8% |
营业利润率ONTOPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | 10.9% | -5.6% | ||
| Q2 25 | 12.7% | -4.6% | ||
| Q1 25 | 23.7% | 7.9% | ||
| Q4 24 | 16.1% | -12.2% | ||
| Q3 24 | 21.0% | -32.7% | ||
| Q2 24 | 20.2% | -14.8% | ||
| Q1 24 | 18.7% | 3.7% |
净利率ONTOPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | 12.9% | 0.4% | ||
| Q2 25 | 13.4% | -6.3% | ||
| Q1 25 | 24.0% | 12.2% | ||
| Q4 24 | 18.5% | -3.0% | ||
| Q3 24 | 21.0% | -27.2% | ||
| Q2 24 | 21.9% | -8.6% | ||
| Q1 24 | 20.5% | 8.4% |
每股收益（稀释后）ONTOPATH
| Q4 25 | — | $0.37 | ||
| Q3 25 | $0.57 | $0.00 | ||
| Q2 25 | $0.69 | $-0.04 | ||
| Q1 25 | $1.30 | $0.09 | ||
| Q4 24 | $0.98 | $-0.02 | ||
| Q3 24 | $1.07 | $-0.15 | ||
| Q2 24 | $1.07 | $-0.05 | ||
| Q1 24 | $0.94 | $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 | $603.1M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.9B |
| 总资产 | $2.2B | $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ONTOPATH
| Q4 25 | — | $1.4B | ||
| Q3 25 | $603.1M | $1.4B | ||
| Q2 25 | $217.5M | $1.6B | ||
| Q1 25 | $203.7M | $1.6B | ||
| Q4 24 | $212.9M | $1.6B | ||
| Q3 24 | $188.7M | $1.7B | ||
| Q2 24 | $172.6M | $1.9B | ||
| Q1 24 | $190.9M | $1.9B |
股东权益ONTOPATH
| Q4 25 | — | $1.9B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.8B | $2.0B | ||
| Q1 24 | $1.8B | $2.0B |
总资产ONTOPATH
| Q4 25 | — | $2.9B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $2.9B | ||
| Q4 24 | $2.1B | $2.7B | ||
| Q3 24 | $2.1B | $2.7B | ||
| Q2 24 | $2.0B | $2.8B | ||
| Q1 24 | $2.0B | $3.0B |
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 | $83.4M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $82.0M | $25.1M |
| 自由现金流率自由现金流/营收 | 37.6% | 6.1% |
| 资本支出强度资本支出/营收 | 0.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.95× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $261.3M | — |
8季度趋势，按日历期对齐
经营现金流ONTOPATH
| Q4 25 | — | $28.3M | ||
| Q3 25 | $83.4M | $41.6M | ||
| Q2 25 | $57.9M | $119.0M | ||
| Q1 25 | $92.0M | $146.1M | ||
| Q4 24 | $56.0M | $28.1M | ||
| Q3 24 | $67.2M | $46.4M | ||
| Q2 24 | $65.3M | $100.0M | ||
| Q1 24 | $57.1M | $145.6M |
自由现金流ONTOPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | $82.0M | — | ||
| Q2 25 | $44.2M | $106.2M | ||
| Q1 25 | $83.7M | $138.7M | ||
| Q4 24 | $51.4M | $23.2M | ||
| Q3 24 | $59.2M | $45.0M | ||
| Q2 24 | $53.0M | $98.8M | ||
| Q1 24 | $50.2M | $141.8M |
自由现金流率ONTOPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 17.4% | 29.8% | ||
| Q1 25 | 31.4% | 32.7% | ||
| Q4 24 | 19.5% | 6.5% | ||
| Q3 24 | 23.5% | 14.2% | ||
| Q2 24 | 21.9% | 29.5% | ||
| Q1 24 | 21.9% | 35.0% |
资本支出强度ONTOPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | 0.6% | 0.0% | ||
| Q2 25 | 5.4% | 3.6% | ||
| Q1 25 | 3.1% | 1.7% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 3.2% | 0.4% | ||
| Q2 24 | 5.1% | 0.4% | ||
| Q1 24 | 3.0% | 0.9% |
现金转化率ONTOPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 2.95× | 26.25× | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.44× | 2.82× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | 1.22× | 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
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
