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UiPath, Inc.（PATH）与PIPER SANDLER COMPANIES（PIPR）财务数据对比。点击上方公司名可切换其他公司
PIPER SANDLER COMPANIES的季度营收约是UiPath, Inc.的1.6倍（$667.0M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 17.1%，领先31.3%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 15.9%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 0.7%）
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。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
PATH vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.6倍
$411.1M
营收增速更快
PIPR
高出21.5%
15.9%
净利率更高
PATH
高出31.3%
17.1%
两年增速更快
PIPR
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $667.0M |
| 净利润 | $198.8M | $114.0M |
| 毛利率 | 83.3% | — |
| 营业利润率 | 3.2% | 28.3% |
| 净利率 | 48.4% | 17.1% |
| 营收同比 | 15.9% | 37.4% |
| 净利润同比 | 1966.2% | 65.0% |
| 每股收益（稀释后） | $0.37 | $6.41 |
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PATHPIPR
| Q4 25 | $411.1M | $667.0M | ||
| Q3 25 | $361.7M | $480.1M | ||
| Q2 25 | $356.6M | $398.6M | ||
| Q1 25 | $423.6M | $358.6M | ||
| Q4 24 | $354.7M | $485.4M | ||
| Q3 24 | $316.3M | $360.9M | ||
| Q2 24 | $335.1M | $340.8M | ||
| Q1 24 | $405.3M | $344.4M |
净利润PATHPIPR
| Q4 25 | $198.8M | $114.0M | ||
| Q3 25 | $1.6M | $60.3M | ||
| Q2 25 | $-22.6M | $42.2M | ||
| Q1 25 | $51.8M | $64.9M | ||
| Q4 24 | $-10.7M | $69.1M | ||
| Q3 24 | $-86.1M | $34.8M | ||
| Q2 24 | $-28.7M | $34.8M | ||
| Q1 24 | $33.9M | $42.5M |
毛利率PATHPIPR
| 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PATHPIPR
| Q4 25 | 3.2% | 28.3% | ||
| Q3 25 | -5.6% | 22.4% | ||
| Q2 25 | -4.6% | 12.3% | ||
| Q1 25 | 7.9% | 8.2% | ||
| Q4 24 | -12.2% | 16.9% | ||
| Q3 24 | -32.7% | 15.4% | ||
| Q2 24 | -14.8% | 8.3% | ||
| Q1 24 | 3.7% | 15.2% |
净利率PATHPIPR
| Q4 25 | 48.4% | 17.1% | ||
| Q3 25 | 0.4% | 12.6% | ||
| Q2 25 | -6.3% | 10.6% | ||
| Q1 25 | 12.2% | 18.1% | ||
| Q4 24 | -3.0% | 14.2% | ||
| Q3 24 | -27.2% | 9.6% | ||
| Q2 24 | -8.6% | 10.2% | ||
| Q1 24 | 8.4% | 12.3% |
每股收益（稀释后）PATHPIPR
| Q4 25 | $0.37 | $6.41 | ||
| Q3 25 | $0.00 | $3.38 | ||
| Q2 25 | $-0.04 | $2.38 | ||
| Q1 25 | $0.09 | $3.65 | ||
| Q4 24 | $-0.02 | $3.88 | ||
| Q3 24 | $-0.15 | $1.96 | ||
| Q2 24 | $-0.05 | $1.97 | ||
| Q1 24 | $0.07 | $2.43 |
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 | $1.4B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $1.4B |
| 总资产 | $2.9B | $2.6B |
| 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PATHPIPR
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益PATHPIPR
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.0B | $1.1B | ||
| Q1 24 | $2.0B | $1.1B |
总资产PATHPIPR
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.6B | $2.0B | ||
| Q1 25 | $2.9B | $1.8B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $2.7B | $2.0B | ||
| Q2 24 | $2.8B | $1.9B | ||
| Q1 24 | $3.0B | $1.8B |
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 | $28.3M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | — |
| 自由现金流率自由现金流/营收 | 6.1% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 0.14× | 6.40× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PATHPIPR
| Q4 25 | $28.3M | $729.8M | ||
| Q3 25 | $41.6M | $31.9M | ||
| Q2 25 | $119.0M | $32.1M | ||
| Q1 25 | $146.1M | $-207.2M | ||
| Q4 24 | $28.1M | $163.8M | ||
| Q3 24 | $46.4M | $80.1M | ||
| Q2 24 | $100.0M | $266.5M | ||
| Q1 24 | $145.6M | $-197.2M |
自由现金流PATHPIPR
| Q4 25 | $25.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $106.2M | — | ||
| Q1 25 | $138.7M | — | ||
| Q4 24 | $23.2M | — | ||
| Q3 24 | $45.0M | — | ||
| Q2 24 | $98.8M | — | ||
| Q1 24 | $141.8M | — |
自由现金流率PATHPIPR
| Q4 25 | 6.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 32.7% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 14.2% | — | ||
| Q2 24 | 29.5% | — | ||
| Q1 24 | 35.0% | — |
资本支出强度PATHPIPR
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.9% | — |
现金转化率PATHPIPR
| Q4 25 | 0.14× | 6.40× | ||
| Q3 25 | 26.25× | 0.53× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | 2.82× | -3.19× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | — | 7.66× | ||
| Q1 24 | 4.29× | -4.64× |
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
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
