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UiPath, Inc.（PATH）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, 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 11.6%，领先36.8%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 15.9%），STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $25.1M），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
PATH vs STRL — 直观对比
营收规模更大
STRL
是对方的1.8倍
$411.1M
营收增速更快
STRL
高出35.6%
15.9%
净利率更高
PATH
高出36.8%
11.6%
自由现金流更多
STRL
多$134.6M
$25.1M
两年增速更快
STRL
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $755.6M |
| 净利润 | $198.8M | $87.6M |
| 毛利率 | 83.3% | 21.7% |
| 营业利润率 | 3.2% | 15.9% |
| 净利率 | 48.4% | 11.6% |
| 营收同比 | 15.9% | 51.5% |
| 净利润同比 | 1966.2% | -22.6% |
| 每股收益（稀释后） | $0.37 | $2.82 |
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PATHSTRL
| Q4 25 | $411.1M | $755.6M | ||
| Q3 25 | $361.7M | $689.0M | ||
| Q2 25 | $356.6M | $614.5M | ||
| Q1 25 | $423.6M | $430.9M | ||
| Q4 24 | $354.7M | $498.8M | ||
| Q3 24 | $316.3M | $593.7M | ||
| Q2 24 | $335.1M | $582.8M | ||
| Q1 24 | $405.3M | $440.4M |
净利润PATHSTRL
| Q4 25 | $198.8M | $87.6M | ||
| Q3 25 | $1.6M | $92.1M | ||
| Q2 25 | $-22.6M | $71.0M | ||
| Q1 25 | $51.8M | $39.5M | ||
| Q4 24 | $-10.7M | $113.2M | ||
| Q3 24 | $-86.1M | $61.3M | ||
| Q2 24 | $-28.7M | $51.9M | ||
| Q1 24 | $33.9M | $31.0M |
毛利率PATHSTRL
| Q4 25 | 83.3% | 21.7% | ||
| Q3 25 | 82.2% | 24.7% | ||
| Q2 25 | 82.1% | 23.3% | ||
| Q1 25 | 84.8% | 22.0% | ||
| Q4 24 | 82.0% | 21.4% | ||
| Q3 24 | 80.0% | 21.9% | ||
| Q2 24 | 83.5% | 19.3% | ||
| Q1 24 | 86.8% | 17.5% |
营业利润率PATHSTRL
| Q4 25 | 3.2% | 15.9% | ||
| Q3 25 | -5.6% | 18.2% | ||
| Q2 25 | -4.6% | 17.0% | ||
| Q1 25 | 7.9% | 13.0% | ||
| Q4 24 | -12.2% | 12.5% | ||
| Q3 24 | -32.7% | 14.7% | ||
| Q2 24 | -14.8% | 12.5% | ||
| Q1 24 | 3.7% | 9.6% |
净利率PATHSTRL
| Q4 25 | 48.4% | 11.6% | ||
| Q3 25 | 0.4% | 13.4% | ||
| Q2 25 | -6.3% | 11.6% | ||
| Q1 25 | 12.2% | 9.2% | ||
| Q4 24 | -3.0% | 22.7% | ||
| Q3 24 | -27.2% | 10.3% | ||
| Q2 24 | -8.6% | 8.9% | ||
| Q1 24 | 8.4% | 7.1% |
每股收益（稀释后）PATHSTRL
| Q4 25 | $0.37 | $2.82 | ||
| Q3 25 | $0.00 | $2.97 | ||
| Q2 25 | $-0.04 | $2.31 | ||
| Q1 25 | $0.09 | $1.28 | ||
| Q4 24 | $-0.02 | $3.63 | ||
| Q3 24 | $-0.15 | $1.97 | ||
| Q2 24 | $-0.05 | $1.67 | ||
| Q1 24 | $0.07 | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $1.1B |
| 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PATHSTRL
| Q4 25 | $1.4B | $390.7M | ||
| Q3 25 | $1.4B | $306.4M | ||
| Q2 25 | $1.6B | $699.4M | ||
| Q1 25 | $1.6B | $638.6M | ||
| Q4 24 | $1.6B | $664.2M | ||
| Q3 24 | $1.7B | $648.1M | ||
| Q2 24 | $1.9B | $540.0M | ||
| Q1 24 | $1.9B | $480.4M |
股东权益PATHSTRL
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $881.7M | ||
| Q1 25 | $1.8B | $805.4M | ||
| Q4 24 | $1.7B | $808.1M | ||
| Q3 24 | $1.8B | $716.5M | ||
| Q2 24 | $2.0B | $670.7M | ||
| Q1 24 | $2.0B | $644.6M |
总资产PATHSTRL
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $2.6B | $2.6B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.9B | $2.0B | ||
| Q4 24 | $2.7B | $2.0B | ||
| Q3 24 | $2.7B | $2.0B | ||
| Q2 24 | $2.8B | $2.0B | ||
| 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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $159.7M |
| 自由现金流率自由现金流/营收 | 6.1% | 21.1% |
| 资本支出强度资本支出/营收 | 0.8% | 3.5% |
| 现金转化率经营现金流/净利润 | 0.14× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $362.7M |
8季度趋势，按日历期对齐
经营现金流PATHSTRL
| Q4 25 | $28.3M | $186.1M | ||
| Q3 25 | $41.6M | $83.6M | ||
| Q2 25 | $119.0M | $85.4M | ||
| Q1 25 | $146.1M | $84.9M | ||
| Q4 24 | $28.1M | $174.3M | ||
| Q3 24 | $46.4M | $152.3M | ||
| Q2 24 | $100.0M | $121.0M | ||
| Q1 24 | $145.6M | $49.6M |
自由现金流PATHSTRL
| Q4 25 | $25.1M | $159.7M | ||
| Q3 25 | — | $64.0M | ||
| Q2 25 | $106.2M | $72.1M | ||
| Q1 25 | $138.7M | $67.0M | ||
| Q4 24 | $23.2M | $158.6M | ||
| Q3 24 | $45.0M | $138.3M | ||
| Q2 24 | $98.8M | $92.1M | ||
| Q1 24 | $141.8M | $27.2M |
自由现金流率PATHSTRL
| Q4 25 | 6.1% | 21.1% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | 29.8% | 11.7% | ||
| Q1 25 | 32.7% | 15.5% | ||
| Q4 24 | 6.5% | 31.8% | ||
| Q3 24 | 14.2% | 23.3% | ||
| Q2 24 | 29.5% | 15.8% | ||
| Q1 24 | 35.0% | 6.2% |
资本支出强度PATHSTRL
| Q4 25 | 0.8% | 3.5% | ||
| Q3 25 | 0.0% | 2.9% | ||
| Q2 25 | 3.6% | 2.2% | ||
| Q1 25 | 1.7% | 4.2% | ||
| Q4 24 | 1.4% | 3.1% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 0.4% | 5.0% | ||
| Q1 24 | 0.9% | 5.1% |
现金转化率PATHSTRL
| Q4 25 | 0.14× | 2.12× | ||
| Q3 25 | 26.25× | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | 2.82× | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | 4.29× | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
