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UiPath, Inc.（PATH）与SUBURBAN PROPANE PARTNERS LP（SPH）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SUBURBAN PROPANE PARTNERS LP的1.1倍（$411.1M vs $370.4M），UiPath, Inc.净利率更高（48.4% vs 12.4%，领先36.0%），UiPath, Inc.同比增速更快（15.9% vs -0.8%），UiPath, Inc.自由现金流更多（$25.1M vs $-67.5M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
PATH vs SPH — 直观对比
营收规模更大
PATH
是对方的1.1倍
$370.4M
营收增速更快
PATH
高出16.7%
-0.8%
净利率更高
PATH
高出36.0%
12.4%
自由现金流更多
PATH
多$92.6M
$-67.5M
两年增速更快
PATH
近两年复合增速
-13.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $370.4M |
| 净利润 | $198.8M | $45.8M |
| 毛利率 | 83.3% | 64.7% |
| 营业利润率 | 3.2% | 18.3% |
| 净利率 | 48.4% | 12.4% |
| 营收同比 | 15.9% | -0.8% |
| 净利润同比 | 1966.2% | 135.7% |
| 每股收益（稀释后） | $0.37 | $0.69 |
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PATHSPH
| Q4 25 | $411.1M | $370.4M | ||
| Q3 25 | $361.7M | $211.4M | ||
| Q2 25 | $356.6M | $260.1M | ||
| Q1 25 | $423.6M | $587.7M | ||
| Q4 24 | $354.7M | $373.3M | ||
| Q3 24 | $316.3M | $208.6M | ||
| Q2 24 | $335.1M | $254.6M | ||
| Q1 24 | $405.3M | $498.1M |
净利润PATHSPH
| Q4 25 | $198.8M | $45.8M | ||
| Q3 25 | $1.6M | $-35.1M | ||
| Q2 25 | $-22.6M | $-14.8M | ||
| Q1 25 | $51.8M | $137.1M | ||
| Q4 24 | $-10.7M | $19.4M | ||
| Q3 24 | $-86.1M | $-44.6M | ||
| Q2 24 | $-28.7M | $-17.2M | ||
| Q1 24 | $33.9M | $111.5M |
毛利率PATHSPH
| Q4 25 | 83.3% | 64.7% | ||
| Q3 25 | 82.2% | 64.7% | ||
| Q2 25 | 82.1% | 61.7% | ||
| Q1 25 | 84.8% | 58.8% | ||
| Q4 24 | 82.0% | 60.6% | ||
| Q3 24 | 80.0% | 59.4% | ||
| Q2 24 | 83.5% | 62.9% | ||
| Q1 24 | 86.8% | 61.8% |
营业利润率PATHSPH
| Q4 25 | 3.2% | 18.3% | ||
| Q3 25 | -5.6% | -7.9% | ||
| Q2 25 | -4.6% | 2.1% | ||
| Q1 25 | 7.9% | 27.0% | ||
| Q4 24 | -12.2% | 15.8% | ||
| Q3 24 | -32.7% | -10.8% | ||
| Q2 24 | -14.8% | 3.2% | ||
| Q1 24 | 3.7% | 27.5% |
净利率PATHSPH
| Q4 25 | 48.4% | 12.4% | ||
| Q3 25 | 0.4% | -16.6% | ||
| Q2 25 | -6.3% | -5.7% | ||
| Q1 25 | 12.2% | 23.3% | ||
| Q4 24 | -3.0% | 5.2% | ||
| Q3 24 | -27.2% | -21.4% | ||
| Q2 24 | -8.6% | -6.8% | ||
| Q1 24 | 8.4% | 22.4% |
每股收益（稀释后）PATHSPH
| Q4 25 | $0.37 | $0.69 | ||
| Q3 25 | $0.00 | $-0.55 | ||
| Q2 25 | $-0.04 | $-0.23 | ||
| Q1 25 | $0.09 | $2.10 | ||
| Q4 24 | $-0.02 | $0.30 | ||
| Q3 24 | $-0.15 | $-0.69 | ||
| Q2 24 | $-0.05 | $-0.27 | ||
| Q1 24 | $0.07 | $1.72 |
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 | $1.3M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $1.9B | — |
| 总资产 | $2.9B | $2.4B |
| 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PATHSPH
| Q4 25 | $1.4B | $1.3M | ||
| Q3 25 | $1.4B | $405.0K | ||
| Q2 25 | $1.6B | $1.3M | ||
| Q1 25 | $1.6B | $3.9M | ||
| Q4 24 | $1.6B | $4.4M | ||
| Q3 24 | $1.7B | $3.2M | ||
| Q2 24 | $1.9B | $4.9M | ||
| Q1 24 | $1.9B | $4.4M |
总债务PATHSPH
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益PATHSPH
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
总资产PATHSPH
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.6B | $2.3B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $2.9B | $2.4B | ||
| Q4 24 | $2.7B | $2.4B | ||
| Q3 24 | $2.7B | $2.3B | ||
| Q2 24 | $2.8B | $2.3B | ||
| Q1 24 | $3.0B | $2.3B |
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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $-67.5M |
| 自由现金流率自由现金流/营收 | 6.1% | -18.2% |
| 资本支出强度资本支出/营收 | 0.8% | 5.3% |
| 现金转化率经营现金流/净利润 | 0.14× | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
经营现金流PATHSPH
| Q4 25 | $28.3M | $-47.7M | ||
| Q3 25 | $41.6M | $41.8M | ||
| Q2 25 | $119.0M | $95.5M | ||
| Q1 25 | $146.1M | $40.1M | ||
| Q4 24 | $28.1M | $8.8M | ||
| Q3 24 | $46.4M | $36.8M | ||
| Q2 24 | $100.0M | $61.4M | ||
| Q1 24 | $145.6M | $75.1M |
自由现金流PATHSPH
| Q4 25 | $25.1M | $-67.5M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | $106.2M | $80.9M | ||
| Q1 25 | $138.7M | $20.8M | ||
| Q4 24 | $23.2M | $-15.1M | ||
| Q3 24 | $45.0M | $17.7M | ||
| Q2 24 | $98.8M | $46.8M | ||
| Q1 24 | $141.8M | $60.6M |
自由现金流率PATHSPH
| Q4 25 | 6.1% | -18.2% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | 29.8% | 31.1% | ||
| Q1 25 | 32.7% | 3.5% | ||
| Q4 24 | 6.5% | -4.0% | ||
| Q3 24 | 14.2% | 8.5% | ||
| Q2 24 | 29.5% | 18.4% | ||
| Q1 24 | 35.0% | 12.2% |
资本支出强度PATHSPH
| Q4 25 | 0.8% | 5.3% | ||
| Q3 25 | 0.0% | 6.7% | ||
| Q2 25 | 3.6% | 5.6% | ||
| Q1 25 | 1.7% | 3.3% | ||
| Q4 24 | 1.4% | 6.4% | ||
| Q3 24 | 0.4% | 9.1% | ||
| Q2 24 | 0.4% | 5.8% | ||
| Q1 24 | 0.9% | 2.9% |
现金转化率PATHSPH
| Q4 25 | 0.14× | -1.04× | ||
| Q3 25 | 26.25× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.82× | 0.29× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.29× | 0.67× |
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% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
