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UiPath, Inc.（PATH）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是UiPath, Inc.的1.2倍（$492.9M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 19.7%，领先28.7%），UiPath, Inc.同比增速更快（15.9% vs 8.5%），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
PATH vs STWD — 直观对比
营收规模更大
STWD
是对方的1.2倍
$411.1M
营收增速更快
PATH
高出7.4%
8.5%
净利率更高
PATH
高出28.7%
19.7%
两年增速更快
PATH
近两年复合增速
-2.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $492.9M |
| 净利润 | $198.8M | $96.9M |
| 毛利率 | 83.3% | — |
| 营业利润率 | 3.2% | 26.6% |
| 净利率 | 48.4% | 19.7% |
| 营收同比 | 15.9% | 8.5% |
| 净利润同比 | 1966.2% | 87.7% |
| 每股收益（稀释后） | $0.37 | $0.25 |
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PATHSTWD
| Q4 25 | $411.1M | $492.9M | ||
| Q3 25 | $361.7M | $488.9M | ||
| Q2 25 | $356.6M | $444.3M | ||
| Q1 25 | $423.6M | $418.2M | ||
| Q4 24 | $354.7M | $454.4M | ||
| Q3 24 | $316.3M | $479.5M | ||
| Q2 24 | $335.1M | $489.8M | ||
| Q1 24 | $405.3M | $523.1M |
净利润PATHSTWD
| Q4 25 | $198.8M | $96.9M | ||
| Q3 25 | $1.6M | $72.6M | ||
| Q2 25 | $-22.6M | $129.8M | ||
| Q1 25 | $51.8M | $112.3M | ||
| Q4 24 | $-10.7M | $51.6M | ||
| Q3 24 | $-86.1M | $76.1M | ||
| Q2 24 | $-28.7M | $77.9M | ||
| Q1 24 | $33.9M | $154.3M |
毛利率PATHSTWD
| 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PATHSTWD
| Q4 25 | 3.2% | 26.6% | ||
| Q3 25 | -5.6% | 19.1% | ||
| Q2 25 | -4.6% | 30.5% | ||
| Q1 25 | 7.9% | 28.7% | ||
| Q4 24 | -12.2% | 15.1% | ||
| Q3 24 | -32.7% | 17.2% | ||
| Q2 24 | -14.8% | 19.1% | ||
| Q1 24 | 3.7% | 30.8% |
净利率PATHSTWD
| Q4 25 | 48.4% | 19.7% | ||
| Q3 25 | 0.4% | 14.8% | ||
| Q2 25 | -6.3% | 29.2% | ||
| Q1 25 | 12.2% | 26.8% | ||
| Q4 24 | -3.0% | 11.4% | ||
| Q3 24 | -27.2% | 15.9% | ||
| Q2 24 | -8.6% | 15.9% | ||
| Q1 24 | 8.4% | 29.5% |
每股收益（稀释后）PATHSTWD
| Q4 25 | $0.37 | $0.25 | ||
| Q3 25 | $0.00 | $0.19 | ||
| Q2 25 | $-0.04 | $0.38 | ||
| Q1 25 | $0.09 | $0.33 | ||
| Q4 24 | $-0.02 | $0.15 | ||
| Q3 24 | $-0.15 | $0.23 | ||
| Q2 24 | $-0.05 | $0.24 | ||
| Q1 24 | $0.07 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $6.8B |
| 总资产 | $2.9B | $63.2B |
| 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PATHSTWD
| Q4 25 | $1.4B | $499.5M | ||
| Q3 25 | $1.4B | $301.1M | ||
| Q2 25 | $1.6B | $259.9M | ||
| Q1 25 | $1.6B | $440.6M | ||
| Q4 24 | $1.6B | $377.8M | ||
| Q3 24 | $1.7B | $357.9M | ||
| Q2 24 | $1.9B | $259.3M | ||
| Q1 24 | $1.9B | $327.4M |
股东权益PATHSTWD
| Q4 25 | $1.9B | $6.8B | ||
| Q3 25 | $1.7B | $6.9B | ||
| Q2 25 | $1.7B | $6.4B | ||
| Q1 25 | $1.8B | $6.4B | ||
| Q4 24 | $1.7B | $6.4B | ||
| Q3 24 | $1.8B | $6.5B | ||
| Q2 24 | $2.0B | $6.2B | ||
| Q1 24 | $2.0B | $6.3B |
总资产PATHSTWD
| Q4 25 | $2.9B | $63.2B | ||
| Q3 25 | $2.6B | $62.4B | ||
| Q2 25 | $2.6B | $62.4B | ||
| Q1 25 | $2.9B | $62.2B | ||
| Q4 24 | $2.7B | $62.6B | ||
| Q3 24 | $2.7B | $64.2B | ||
| Q2 24 | $2.8B | $64.1B | ||
| Q1 24 | $3.0B | $66.2B |
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 | $488.8M |
| 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× | 5.04× |
| 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PATHSTWD
| Q4 25 | $28.3M | $488.8M | ||
| Q3 25 | $41.6M | $337.6M | ||
| Q2 25 | $119.0M | $-87.4M | ||
| Q1 25 | $146.1M | $238.9M | ||
| Q4 24 | $28.1M | $295.6M | ||
| Q3 24 | $46.4M | $241.8M | ||
| Q2 24 | $100.0M | $53.3M | ||
| Q1 24 | $145.6M | $55.9M |
自由现金流PATHSTWD
| 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PATHSTWD
| 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PATHSTWD
| 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PATHSTWD
| Q4 25 | 0.14× | 5.04× | ||
| Q3 25 | 26.25× | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | 2.82× | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | 4.29× | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
