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ORMAT TECHNOLOGIES, INC.（ORA）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ORMAT TECHNOLOGIES, INC.的1.5倍（$411.1M vs $276.0M），UiPath, Inc.净利率更高（48.4% vs 11.4%，领先37.0%），ORMAT TECHNOLOGIES, INC.同比增速更快（19.6% vs 15.9%），UiPath, Inc.自由现金流更多（$25.1M vs $-40.0M），过去两年ORMAT TECHNOLOGIES, INC.的营收复合增速更高（11.0% vs 0.7%）
Ormat Technologies是总部位于美国内华达州里诺的跨国企业，主打可再生地热能源技术，累计建成超190座电站，总装机容量超3200兆瓦；截至2021年1月自主运营933兆瓦地热及余热回收电站，还向全球多国供应超千台涡轮增压器。
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。
ORA vs PATH — 直观对比
营收规模更大
PATH
是对方的1.5倍
$276.0M
营收增速更快
ORA
高出3.7%
15.9%
净利率更高
PATH
高出37.0%
11.4%
自由现金流更多
PATH
多$65.2M
$-40.0M
两年增速更快
ORA
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.0M | $411.1M |
| 净利润 | $31.4M | $198.8M |
| 毛利率 | 28.6% | 83.3% |
| 营业利润率 | 15.4% | 3.2% |
| 净利率 | 11.4% | 48.4% |
| 营收同比 | 19.6% | 15.9% |
| 净利润同比 | -23.2% | 1966.2% |
| 每股收益（稀释后） | $0.51 | $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ORAPATH
| Q4 25 | $276.0M | $411.1M | ||
| Q3 25 | $249.7M | $361.7M | ||
| Q2 25 | $234.0M | $356.6M | ||
| Q1 25 | $229.8M | $423.6M | ||
| Q4 24 | $230.7M | $354.7M | ||
| Q3 24 | $211.8M | $316.3M | ||
| Q2 24 | $213.0M | $335.1M | ||
| Q1 24 | $224.2M | $405.3M |
净利润ORAPATH
| Q4 25 | $31.4M | $198.8M | ||
| Q3 25 | $24.1M | $1.6M | ||
| Q2 25 | $28.0M | $-22.6M | ||
| Q1 25 | $40.4M | $51.8M | ||
| Q4 24 | $40.8M | $-10.7M | ||
| Q3 24 | $22.1M | $-86.1M | ||
| Q2 24 | $22.2M | $-28.7M | ||
| Q1 24 | $38.6M | $33.9M |
毛利率ORAPATH
| Q4 25 | 28.6% | 83.3% | ||
| Q3 25 | 25.6% | 82.2% | ||
| Q2 25 | 24.3% | 82.1% | ||
| Q1 25 | 31.7% | 84.8% | ||
| Q4 24 | 31.9% | 82.0% | ||
| Q3 24 | 27.8% | 80.0% | ||
| Q2 24 | 28.8% | 83.5% | ||
| Q1 24 | 35.2% | 86.8% |
营业利润率ORAPATH
| Q4 25 | 15.4% | 3.2% | ||
| Q3 25 | 16.2% | -5.6% | ||
| Q2 25 | 15.1% | -4.6% | ||
| Q1 25 | 22.2% | 7.9% | ||
| Q4 24 | 21.3% | -12.2% | ||
| Q3 24 | 16.8% | -32.7% | ||
| Q2 24 | 16.5% | -14.8% | ||
| Q1 24 | 23.5% | 3.7% |
净利率ORAPATH
| Q4 25 | 11.4% | 48.4% | ||
| Q3 25 | 9.7% | 0.4% | ||
| Q2 25 | 12.0% | -6.3% | ||
| Q1 25 | 17.6% | 12.2% | ||
| Q4 24 | 17.7% | -3.0% | ||
| Q3 24 | 10.4% | -27.2% | ||
| Q2 24 | 10.4% | -8.6% | ||
| Q1 24 | 17.2% | 8.4% |
每股收益（稀释后）ORAPATH
| Q4 25 | $0.51 | $0.37 | ||
| Q3 25 | $0.39 | $0.00 | ||
| Q2 25 | $0.46 | $-0.04 | ||
| Q1 25 | $0.66 | $0.09 | ||
| Q4 24 | $0.67 | $-0.02 | ||
| Q3 24 | $0.36 | $-0.15 | ||
| Q2 24 | $0.37 | $-0.05 | ||
| Q1 24 | $0.64 | $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 | $147.4M | $1.4B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.5B | $1.9B |
| 总资产 | $6.2B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.05× | — |
8季度趋势，按日历期对齐
现金及短期投资ORAPATH
| Q4 25 | $147.4M | $1.4B | ||
| Q3 25 | $79.6M | $1.4B | ||
| Q2 25 | $88.5M | $1.6B | ||
| Q1 25 | $112.7M | $1.6B | ||
| Q4 24 | $94.4M | $1.6B | ||
| Q3 24 | $88.1M | $1.7B | ||
| Q2 24 | $66.3M | $1.9B | ||
| Q1 24 | $201.5M | $1.9B |
总债务ORAPATH
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ORAPATH
| Q4 25 | $2.5B | $1.9B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.4B | $2.0B |
总资产ORAPATH
| Q4 25 | $6.2B | $2.9B | ||
| Q3 25 | $6.1B | $2.6B | ||
| Q2 25 | $6.0B | $2.6B | ||
| Q1 25 | $5.8B | $2.9B | ||
| Q4 24 | $5.7B | $2.7B | ||
| Q3 24 | $5.6B | $2.7B | ||
| Q2 24 | $5.5B | $2.8B | ||
| Q1 24 | $5.5B | $3.0B |
负债/权益比ORAPATH
| Q4 25 | 1.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.97× | — | ||
| 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 | $105.0M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-40.0M | $25.1M |
| 自由现金流率自由现金流/营收 | -14.5% | 6.1% |
| 资本支出强度资本支出/营收 | 52.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 3.35× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $-284.7M | — |
8季度趋势，按日历期对齐
经营现金流ORAPATH
| Q4 25 | $105.0M | $28.3M | ||
| Q3 25 | $45.2M | $41.6M | ||
| Q2 25 | $96.9M | $119.0M | ||
| Q1 25 | $88.0M | $146.1M | ||
| Q4 24 | $158.6M | $28.1M | ||
| Q3 24 | $106.4M | $46.4M | ||
| Q2 24 | $30.7M | $100.0M | ||
| Q1 24 | $115.2M | $145.6M |
自由现金流ORAPATH
| Q4 25 | $-40.0M | $25.1M | ||
| Q3 25 | $-102.1M | — | ||
| Q2 25 | $-37.9M | $106.2M | ||
| Q1 25 | $-104.6M | $138.7M | ||
| Q4 24 | $30.9M | $23.2M | ||
| Q3 24 | $-3.3M | $45.0M | ||
| Q2 24 | $-116.1M | $98.8M | ||
| Q1 24 | $11.8M | $141.8M |
自由现金流率ORAPATH
| Q4 25 | -14.5% | 6.1% | ||
| Q3 25 | -40.9% | — | ||
| Q2 25 | -16.2% | 29.8% | ||
| Q1 25 | -45.5% | 32.7% | ||
| Q4 24 | 13.4% | 6.5% | ||
| Q3 24 | -1.6% | 14.2% | ||
| Q2 24 | -54.5% | 29.5% | ||
| Q1 24 | 5.3% | 35.0% |
资本支出强度ORAPATH
| Q4 25 | 52.6% | 0.8% | ||
| Q3 25 | 59.0% | 0.0% | ||
| Q2 25 | 57.6% | 3.6% | ||
| Q1 25 | 83.8% | 1.7% | ||
| Q4 24 | 55.4% | 1.4% | ||
| Q3 24 | 51.8% | 0.4% | ||
| Q2 24 | 69.0% | 0.4% | ||
| Q1 24 | 46.1% | 0.9% |
现金转化率ORAPATH
| Q4 25 | 3.35× | 0.14× | ||
| Q3 25 | 1.87× | 26.25× | ||
| Q2 25 | 3.45× | — | ||
| Q1 25 | 2.18× | 2.82× | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 4.82× | — | ||
| Q2 24 | 1.38× | — | ||
| Q1 24 | 2.99× | 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
ORA
| Electricity | $186.6M | 68% |
| Products | $63.1M | 23% |
| Energy Storage Segment | $26.3M | 10% |
| Product Segment | $1.2M | 0% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
