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UiPath, Inc.（PATH）与边疆航空（SNCY）财务数据对比。点击上方公司名可切换其他公司
UiPath, Inc.的季度营收约是边疆航空的1.5倍（$411.1M vs $281.0M），UiPath, Inc.净利率更高（48.4% vs 2.9%，领先45.5%），UiPath, Inc.同比增速更快（15.9% vs 7.9%），边疆航空自由现金流更多（$34.9M vs $25.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -5.0%）
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。
边疆航空是美国主流超低成本航空公司，总部位于科罗拉多州丹佛市。该航司运营飞往美国本土、加勒比地区、墨西哥及中美洲共120余个目的地的航线，员工规模超过5000人，目前为公开上市企业，枢纽基地覆盖丹佛国际机场、奥兰多国际机场，以及美国本土和波多黎各的另外11座城市。
PATH vs SNCY — 直观对比
营收规模更大
PATH
是对方的1.5倍
$281.0M
营收增速更快
PATH
高出8.0%
7.9%
净利率更高
PATH
高出45.5%
2.9%
自由现金流更多
SNCY
多$9.8M
$25.1M
两年增速更快
PATH
近两年复合增速
-5.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $281.0M |
| 净利润 | $198.8M | $8.1M |
| 毛利率 | 83.3% | — |
| 营业利润率 | 3.2% | 6.5% |
| 净利率 | 48.4% | 2.9% |
| 营收同比 | 15.9% | 7.9% |
| 净利润同比 | 1966.2% | -39.4% |
| 每股收益（稀释后） | $0.37 | $0.15 |
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PATHSNCY
| Q4 25 | $411.1M | $281.0M | ||
| Q3 25 | $361.7M | $255.5M | ||
| Q2 25 | $356.6M | $263.6M | ||
| Q1 25 | $423.6M | $326.6M | ||
| Q4 24 | $354.7M | $260.4M | ||
| Q3 24 | $316.3M | $249.5M | ||
| Q2 24 | $335.1M | $254.4M | ||
| Q1 24 | $405.3M | $311.5M |
净利润PATHSNCY
| Q4 25 | $198.8M | $8.1M | ||
| Q3 25 | $1.6M | $1.6M | ||
| Q2 25 | $-22.6M | $6.6M | ||
| Q1 25 | $51.8M | $36.5M | ||
| Q4 24 | $-10.7M | $13.4M | ||
| Q3 24 | $-86.1M | $2.3M | ||
| Q2 24 | $-28.7M | $1.8M | ||
| Q1 24 | $33.9M | $35.3M |
毛利率PATHSNCY
| 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PATHSNCY
| Q4 25 | 3.2% | 6.5% | ||
| Q3 25 | -5.6% | 3.9% | ||
| Q2 25 | -4.6% | 6.2% | ||
| Q1 25 | 7.9% | 17.2% | ||
| Q4 24 | -12.2% | 10.0% | ||
| Q3 24 | -32.7% | 5.0% | ||
| Q2 24 | -14.8% | 4.9% | ||
| Q1 24 | 3.7% | 17.7% |
净利率PATHSNCY
| Q4 25 | 48.4% | 2.9% | ||
| Q3 25 | 0.4% | 0.6% | ||
| Q2 25 | -6.3% | 2.5% | ||
| Q1 25 | 12.2% | 11.2% | ||
| Q4 24 | -3.0% | 5.2% | ||
| Q3 24 | -27.2% | 0.9% | ||
| Q2 24 | -8.6% | 0.7% | ||
| Q1 24 | 8.4% | 11.3% |
每股收益（稀释后）PATHSNCY
| Q4 25 | $0.37 | $0.15 | ||
| Q3 25 | $0.00 | $0.03 | ||
| Q2 25 | $-0.04 | $0.12 | ||
| Q1 25 | $0.09 | $0.66 | ||
| Q4 24 | $-0.02 | $0.25 | ||
| Q3 24 | $-0.15 | $0.04 | ||
| Q2 24 | $-0.05 | $0.03 | ||
| Q1 24 | $0.07 | $0.64 |
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 | $234.3M |
| 总债务越低越好 | — | $323.3M |
| 股东权益账面价值 | $1.9B | $625.2M |
| 总资产 | $2.9B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资PATHSNCY
| Q4 25 | $1.4B | $234.3M | ||
| Q3 25 | $1.4B | $176.2M | ||
| Q2 25 | $1.6B | $138.3M | ||
| Q1 25 | $1.6B | $158.8M | ||
| Q4 24 | $1.6B | $187.3M | ||
| Q3 24 | $1.7B | $146.5M | ||
| Q2 24 | $1.9B | $135.2M | ||
| Q1 24 | $1.9B | $161.2M |
总债务PATHSNCY
| Q4 25 | — | $323.3M | ||
| Q3 25 | — | $301.3M | ||
| Q2 25 | — | $282.1M | ||
| Q1 25 | — | $312.6M | ||
| Q4 24 | — | $327.1M | ||
| Q3 24 | — | $351.8M | ||
| Q2 24 | — | $365.5M | ||
| Q1 24 | — | $388.1M |
股东权益PATHSNCY
| Q4 25 | $1.9B | $625.2M | ||
| Q3 25 | $1.7B | $610.2M | ||
| Q2 25 | $1.7B | $613.0M | ||
| Q1 25 | $1.8B | $603.0M | ||
| Q4 24 | $1.7B | $570.4M | ||
| Q3 24 | $1.8B | $552.5M | ||
| Q2 24 | $2.0B | $546.9M | ||
| Q1 24 | $2.0B | $541.0M |
总资产PATHSNCY
| Q4 25 | $2.9B | $1.7B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.6B | $1.6B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $2.7B | $1.6B | ||
| Q3 24 | $2.7B | $1.6B | ||
| Q2 24 | $2.8B | $1.6B | ||
| Q1 24 | $3.0B | $1.6B |
负债/权益比PATHSNCY
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.67× | ||
| Q1 24 | — | 0.72× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $34.9M |
| 自由现金流率自由现金流/营收 | 6.1% | 12.4% |
| 资本支出强度资本支出/营收 | 0.8% | 15.7% |
| 现金转化率经营现金流/净利润 | 0.14× | 9.69× |
| 过去12个月自由现金流最近4个季度 | — | $84.0M |
8季度趋势，按日历期对齐
经营现金流PATHSNCY
| Q4 25 | $28.3M | $78.9M | ||
| Q3 25 | $41.6M | $41.9M | ||
| Q2 25 | $119.0M | $19.8M | ||
| Q1 25 | $146.1M | $16.4M | ||
| Q4 24 | $28.1M | $90.6M | ||
| Q3 24 | $46.4M | $35.4M | ||
| Q2 24 | $100.0M | $8.2M | ||
| Q1 24 | $145.6M | $30.7M |
自由现金流PATHSNCY
| Q4 25 | $25.1M | $34.9M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | $106.2M | $14.0M | ||
| Q1 25 | $138.7M | $1.0M | ||
| Q4 24 | $23.2M | $85.8M | ||
| Q3 24 | $45.0M | $31.0M | ||
| Q2 24 | $98.8M | $-382.0K | ||
| Q1 24 | $141.8M | $1.0M |
自由现金流率PATHSNCY
| Q4 25 | 6.1% | 12.4% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | 29.8% | 5.3% | ||
| Q1 25 | 32.7% | 0.3% | ||
| Q4 24 | 6.5% | 33.0% | ||
| Q3 24 | 14.2% | 12.4% | ||
| Q2 24 | 29.5% | -0.2% | ||
| Q1 24 | 35.0% | 0.3% |
资本支出强度PATHSNCY
| Q4 25 | 0.8% | 15.7% | ||
| Q3 25 | 0.0% | 3.1% | ||
| Q2 25 | 3.6% | 2.2% | ||
| Q1 25 | 1.7% | 4.7% | ||
| Q4 24 | 1.4% | 1.8% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.4% | 3.4% | ||
| Q1 24 | 0.9% | 9.5% |
现金转化率PATHSNCY
| Q4 25 | 0.14× | 9.69× | ||
| Q3 25 | 26.25× | 27.03× | ||
| Q2 25 | — | 3.01× | ||
| Q1 25 | 2.82× | 0.45× | ||
| Q4 24 | — | 6.74× | ||
| Q3 24 | — | 15.13× | ||
| Q2 24 | — | 4.50× | ||
| Q1 24 | 4.29× | 0.87× |
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% |
SNCY
| Scheduled Service | $95.6M | 34% |
| Ancillary | $69.3M | 25% |
| Charter Service | $56.6M | 20% |
| Cargo And Freight | $48.0M | 17% |
| Service Other | $11.4M | 4% |
