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UiPath, Inc.（PATH）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是UiPath, Inc.的1.9倍（$766.5M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 2.2%，领先46.2%），UiPath, Inc.同比增速更快（15.9% vs 2.5%），SCANSOURCE, INC.自由现金流更多（$28.9M vs $25.1M），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% 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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
PATH vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.9倍
$411.1M
营收增速更快
PATH
高出13.4%
2.5%
净利率更高
PATH
高出46.2%
2.2%
自由现金流更多
SCSC
多$3.8M
$25.1M
两年增速更快
SCSC
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $766.5M |
| 净利润 | $198.8M | $16.5M |
| 毛利率 | 83.3% | 13.4% |
| 营业利润率 | 3.2% | 2.3% |
| 净利率 | 48.4% | 2.2% |
| 营收同比 | 15.9% | 2.5% |
| 净利润同比 | 1966.2% | -3.3% |
| 每股收益（稀释后） | $0.37 | $0.75 |
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PATHSCSC
| Q4 25 | $411.1M | $766.5M | ||
| Q3 25 | $361.7M | $739.6M | ||
| Q2 25 | $356.6M | $812.9M | ||
| Q1 25 | $423.6M | $704.8M | ||
| Q4 24 | $354.7M | $747.5M | ||
| Q3 24 | $316.3M | $775.6M | ||
| Q2 24 | $335.1M | $746.1M | ||
| Q1 24 | $405.3M | $752.6M |
净利润PATHSCSC
| Q4 25 | $198.8M | $16.5M | ||
| Q3 25 | $1.6M | $19.9M | ||
| Q2 25 | $-22.6M | $20.1M | ||
| Q1 25 | $51.8M | $17.4M | ||
| Q4 24 | $-10.7M | $17.1M | ||
| Q3 24 | $-86.1M | $17.0M | ||
| Q2 24 | $-28.7M | $16.1M | ||
| Q1 24 | $33.9M | $12.8M |
毛利率PATHSCSC
| Q4 25 | 83.3% | 13.4% | ||
| Q3 25 | 82.2% | 14.5% | ||
| Q2 25 | 82.1% | 12.9% | ||
| Q1 25 | 84.8% | 14.2% | ||
| Q4 24 | 82.0% | 13.6% | ||
| Q3 24 | 80.0% | 13.1% | ||
| Q2 24 | 83.5% | 13.0% | ||
| Q1 24 | 86.8% | 12.6% |
营业利润率PATHSCSC
| Q4 25 | 3.2% | 2.3% | ||
| Q3 25 | -5.6% | 3.5% | ||
| Q2 25 | -4.6% | 3.3% | ||
| Q1 25 | 7.9% | 3.2% | ||
| Q4 24 | -12.2% | 2.5% | ||
| Q3 24 | -32.7% | 2.3% | ||
| Q2 24 | -14.8% | 2.9% | ||
| Q1 24 | 3.7% | 2.3% |
净利率PATHSCSC
| Q4 25 | 48.4% | 2.2% | ||
| Q3 25 | 0.4% | 2.7% | ||
| Q2 25 | -6.3% | 2.5% | ||
| Q1 25 | 12.2% | 2.5% | ||
| Q4 24 | -3.0% | 2.3% | ||
| Q3 24 | -27.2% | 2.2% | ||
| Q2 24 | -8.6% | 2.2% | ||
| Q1 24 | 8.4% | 1.7% |
每股收益（稀释后）PATHSCSC
| Q4 25 | $0.37 | $0.75 | ||
| Q3 25 | $0.00 | $0.89 | ||
| Q2 25 | $-0.04 | $0.87 | ||
| Q1 25 | $0.09 | $0.74 | ||
| Q4 24 | $-0.02 | $0.70 | ||
| Q3 24 | $-0.15 | $0.69 | ||
| Q2 24 | $-0.05 | $0.66 | ||
| Q1 24 | $0.07 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $910.9M |
| 总资产 | $2.9B | $1.7B |
| 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PATHSCSC
| Q4 25 | $1.4B | $83.5M | ||
| Q3 25 | $1.4B | $124.9M | ||
| Q2 25 | $1.6B | $126.2M | ||
| Q1 25 | $1.6B | $146.3M | ||
| Q4 24 | $1.6B | $110.5M | ||
| Q3 24 | $1.7B | $145.0M | ||
| Q2 24 | $1.9B | $185.5M | ||
| Q1 24 | $1.9B | $159.1M |
股东权益PATHSCSC
| Q4 25 | $1.9B | $910.9M | ||
| Q3 25 | $1.7B | $914.0M | ||
| Q2 25 | $1.7B | $906.4M | ||
| Q1 25 | $1.8B | $901.7M | ||
| Q4 24 | $1.7B | $900.7M | ||
| Q3 24 | $1.8B | $920.9M | ||
| Q2 24 | $2.0B | $924.3M | ||
| Q1 24 | $2.0B | $944.1M |
总资产PATHSCSC
| Q4 25 | $2.9B | $1.7B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.9B | $1.7B | ||
| Q4 24 | $2.7B | $1.7B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.8B | ||
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $28.9M |
| 自由现金流率自由现金流/营收 | 6.1% | 3.8% |
| 资本支出强度资本支出/营收 | 0.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.14× | 1.87× |
| 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PATHSCSC
| Q4 25 | $28.3M | $30.8M | ||
| Q3 25 | $41.6M | $23.2M | ||
| Q2 25 | $119.0M | — | ||
| Q1 25 | $146.1M | $66.1M | ||
| Q4 24 | $28.1M | $-6.2M | ||
| Q3 24 | $46.4M | $44.8M | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $145.6M | $160.2M |
自由现金流PATHSCSC
| Q4 25 | $25.1M | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | $106.2M | — | ||
| Q1 25 | $138.7M | $64.6M | ||
| Q4 24 | $23.2M | $-8.2M | ||
| Q3 24 | $45.0M | $42.5M | ||
| Q2 24 | $98.8M | — | ||
| Q1 24 | $141.8M | $157.7M |
自由现金流率PATHSCSC
| Q4 25 | 6.1% | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 32.7% | 9.2% | ||
| Q4 24 | 6.5% | -1.1% | ||
| Q3 24 | 14.2% | 5.5% | ||
| Q2 24 | 29.5% | — | ||
| Q1 24 | 35.0% | 21.0% |
资本支出强度PATHSCSC
| Q4 25 | 0.8% | 0.3% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 3.6% | 0.3% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 0.4% | 0.3% | ||
| Q2 24 | 0.4% | 0.2% | ||
| Q1 24 | 0.9% | 0.3% |
现金转化率PATHSCSC
| Q4 25 | 0.14× | 1.87× | ||
| Q3 25 | 26.25× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.82× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.29× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
