vs
BLUE OWL CAPITAL INC.（OWL）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
BLUE OWL CAPITAL INC.的季度营收约是UiPath, Inc.的1.8倍（$755.6M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 6.3%，领先42.1%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 15.9%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $25.1M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs 0.7%）
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
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。
OWL vs PATH — 直观对比
营收规模更大
OWL
是对方的1.8倍
$411.1M
营收增速更快
OWL
高出3.8%
15.9%
净利率更高
PATH
高出42.1%
6.3%
自由现金流更多
OWL
多$334.0M
$25.1M
两年增速更快
OWL
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $411.1M |
| 净利润 | $47.7M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 22.2% | 3.2% |
| 净利率 | 6.3% | 48.4% |
| 营收同比 | 19.7% | 15.9% |
| 净利润同比 | 129.8% | 1966.2% |
| 每股收益（稀释后） | $0.07 | $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OWLPATH
| Q4 25 | $755.6M | $411.1M | ||
| Q3 25 | $728.0M | $361.7M | ||
| Q2 25 | $703.1M | $356.6M | ||
| Q1 25 | $683.5M | $423.6M | ||
| Q4 24 | $631.4M | $354.7M | ||
| Q3 24 | $600.9M | $316.3M | ||
| Q2 24 | $549.8M | $335.1M | ||
| Q1 24 | $513.3M | $405.3M |
净利润OWLPATH
| Q4 25 | $47.7M | $198.8M | ||
| Q3 25 | $6.3M | $1.6M | ||
| Q2 25 | $17.4M | $-22.6M | ||
| Q1 25 | $7.4M | $51.8M | ||
| Q4 24 | $20.7M | $-10.7M | ||
| Q3 24 | $29.8M | $-86.1M | ||
| Q2 24 | $33.9M | $-28.7M | ||
| Q1 24 | $25.1M | $33.9M |
毛利率OWLPATH
| 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OWLPATH
| Q4 25 | 22.2% | 3.2% | ||
| Q3 25 | 7.6% | -5.6% | ||
| Q2 25 | 12.0% | -4.6% | ||
| Q1 25 | 5.9% | 7.9% | ||
| Q4 24 | 11.7% | -12.2% | ||
| Q3 24 | 18.7% | -32.7% | ||
| Q2 24 | 28.4% | -14.8% | ||
| Q1 24 | 24.7% | 3.7% |
净利率OWLPATH
| Q4 25 | 6.3% | 48.4% | ||
| Q3 25 | 0.9% | 0.4% | ||
| Q2 25 | 2.5% | -6.3% | ||
| Q1 25 | 1.1% | 12.2% | ||
| Q4 24 | 3.3% | -3.0% | ||
| Q3 24 | 5.0% | -27.2% | ||
| Q2 24 | 6.2% | -8.6% | ||
| Q1 24 | 4.9% | 8.4% |
每股收益（稀释后）OWLPATH
| Q4 25 | $0.07 | $0.37 | ||
| Q3 25 | $0.01 | $0.00 | ||
| Q2 25 | $0.02 | $-0.04 | ||
| Q1 25 | $0.00 | $0.09 | ||
| Q4 24 | $0.06 | $-0.02 | ||
| Q3 24 | $0.04 | $-0.15 | ||
| Q2 24 | $0.06 | $-0.05 | ||
| Q1 24 | $0.04 | $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 | $194.5M | $1.4B |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $2.2B | $1.9B |
| 总资产 | $12.5B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.51× | — |
8季度趋势，按日历期对齐
现金及短期投资OWLPATH
| Q4 25 | $194.5M | $1.4B | ||
| Q3 25 | $137.3M | $1.4B | ||
| Q2 25 | $117.6M | $1.6B | ||
| Q1 25 | $97.6M | $1.6B | ||
| Q4 24 | $152.1M | $1.6B | ||
| Q3 24 | $115.9M | $1.7B | ||
| Q2 24 | $436.8M | $1.9B | ||
| Q1 24 | $155.8M | $1.9B |
总债务OWLPATH
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
股东权益OWLPATH
| Q4 25 | $2.2B | $1.9B | ||
| Q3 25 | $2.3B | $1.7B | ||
| Q2 25 | $2.4B | $1.7B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.6B | $2.0B |
总资产OWLPATH
| Q4 25 | $12.5B | $2.9B | ||
| Q3 25 | $12.5B | $2.6B | ||
| Q2 25 | $12.3B | $2.6B | ||
| Q1 25 | $12.3B | $2.9B | ||
| Q4 24 | $11.0B | $2.7B | ||
| Q3 24 | $10.8B | $2.7B | ||
| Q2 24 | $9.7B | $2.8B | ||
| Q1 24 | $9.0B | $3.0B |
负债/权益比OWLPATH
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
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 | $382.9M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $25.1M |
| 自由现金流率自由现金流/营收 | 47.5% | 6.1% |
| 资本支出强度资本支出/营收 | 3.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 8.03× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流OWLPATH
| Q4 25 | $382.9M | $28.3M | ||
| Q3 25 | $433.1M | $41.6M | ||
| Q2 25 | $422.5M | $119.0M | ||
| Q1 25 | $17.6M | $146.1M | ||
| Q4 24 | $324.0M | $28.1M | ||
| Q3 24 | $326.0M | $46.4M | ||
| Q2 24 | $302.3M | $100.0M | ||
| Q1 24 | $47.2M | $145.6M |
自由现金流OWLPATH
| Q4 25 | $359.1M | $25.1M | ||
| Q3 25 | $422.5M | — | ||
| Q2 25 | $412.5M | $106.2M | ||
| Q1 25 | $4.2M | $138.7M | ||
| Q4 24 | $310.1M | $23.2M | ||
| Q3 24 | $314.8M | $45.0M | ||
| Q2 24 | $269.4M | $98.8M | ||
| Q1 24 | $41.1M | $141.8M |
自由现金流率OWLPATH
| Q4 25 | 47.5% | 6.1% | ||
| Q3 25 | 58.0% | — | ||
| Q2 25 | 58.7% | 29.8% | ||
| Q1 25 | 0.6% | 32.7% | ||
| Q4 24 | 49.1% | 6.5% | ||
| Q3 24 | 52.4% | 14.2% | ||
| Q2 24 | 49.0% | 29.5% | ||
| Q1 24 | 8.0% | 35.0% |
资本支出强度OWLPATH
| Q4 25 | 3.1% | 0.8% | ||
| Q3 25 | 1.5% | 0.0% | ||
| Q2 25 | 1.4% | 3.6% | ||
| Q1 25 | 2.0% | 1.7% | ||
| Q4 24 | 2.2% | 1.4% | ||
| Q3 24 | 1.9% | 0.4% | ||
| Q2 24 | 6.0% | 0.4% | ||
| Q1 24 | 1.2% | 0.9% |
现金转化率OWLPATH
| Q4 25 | 8.03× | 0.14× | ||
| Q3 25 | 68.64× | 26.25× | ||
| Q2 25 | 24.25× | — | ||
| Q1 25 | 2.37× | 2.82× | ||
| Q4 24 | 15.62× | — | ||
| Q3 24 | 10.94× | — | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | 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
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
