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UiPath, Inc.（PATH）与Gentherm Inc（THRM）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Gentherm Inc的1.1倍（$411.1M vs $382.8M），UiPath, Inc.净利率更高（48.4% vs 0.8%，领先47.6%），UiPath, Inc.同比增速更快（15.9% vs 8.5%），UiPath, Inc.自由现金流更多（$25.1M vs $6.7M），过去两年Gentherm Inc的营收复合增速更高（3.7% 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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
PATH vs THRM — 直观对比
营收规模更大
PATH
是对方的1.1倍
$382.8M
营收增速更快
PATH
高出7.5%
8.5%
净利率更高
PATH
高出47.6%
0.8%
自由现金流更多
PATH
多$18.4M
$6.7M
两年增速更快
THRM
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $382.8M |
| 净利润 | $198.8M | $3.0M |
| 毛利率 | 83.3% | 23.7% |
| 营业利润率 | 3.2% | 4.6% |
| 净利率 | 48.4% | 0.8% |
| 营收同比 | 15.9% | 8.5% |
| 净利润同比 | 1966.2% | -80.5% |
| 每股收益（稀释后） | $0.37 | $0.08 |
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PATHTHRM
| Q4 25 | $411.1M | $382.8M | ||
| Q3 25 | $361.7M | $386.9M | ||
| Q2 25 | $356.6M | $375.1M | ||
| Q1 25 | $423.6M | $353.9M | ||
| Q4 24 | $354.7M | $352.9M | ||
| Q3 24 | $316.3M | $371.5M | ||
| Q2 24 | $335.1M | $375.7M | ||
| Q1 24 | $405.3M | $356.0M |
净利润PATHTHRM
| Q4 25 | $198.8M | $3.0M | ||
| Q3 25 | $1.6M | $14.9M | ||
| Q2 25 | $-22.6M | $477.0K | ||
| Q1 25 | $51.8M | $-128.0K | ||
| Q4 24 | $-10.7M | $15.3M | ||
| Q3 24 | $-86.1M | $16.0M | ||
| Q2 24 | $-28.7M | $18.9M | ||
| Q1 24 | $33.9M | $14.8M |
毛利率PATHTHRM
| Q4 25 | 83.3% | 23.7% | ||
| Q3 25 | 82.2% | 24.6% | ||
| Q2 25 | 82.1% | 23.9% | ||
| Q1 25 | 84.8% | 24.4% | ||
| Q4 24 | 82.0% | 24.4% | ||
| Q3 24 | 80.0% | 25.5% | ||
| Q2 24 | 83.5% | 25.7% | ||
| Q1 24 | 86.8% | 24.9% |
营业利润率PATHTHRM
| Q4 25 | 3.2% | 4.6% | ||
| Q3 25 | -5.6% | 6.2% | ||
| Q2 25 | -4.6% | 6.4% | ||
| Q1 25 | 7.9% | 4.8% | ||
| Q4 24 | -12.2% | 6.7% | ||
| Q3 24 | -32.7% | 8.7% | ||
| Q2 24 | -14.8% | 8.8% | ||
| Q1 24 | 3.7% | 5.1% |
净利率PATHTHRM
| Q4 25 | 48.4% | 0.8% | ||
| Q3 25 | 0.4% | 3.9% | ||
| Q2 25 | -6.3% | 0.1% | ||
| Q1 25 | 12.2% | -0.0% | ||
| Q4 24 | -3.0% | 4.3% | ||
| Q3 24 | -27.2% | 4.3% | ||
| Q2 24 | -8.6% | 5.0% | ||
| Q1 24 | 8.4% | 4.2% |
每股收益（稀释后）PATHTHRM
| Q4 25 | $0.37 | $0.08 | ||
| Q3 25 | $0.00 | $0.49 | ||
| Q2 25 | $-0.04 | $0.02 | ||
| Q1 25 | $0.09 | $0.00 | ||
| Q4 24 | $-0.02 | $0.48 | ||
| Q3 24 | $-0.15 | $0.51 | ||
| Q2 24 | $-0.05 | $0.60 | ||
| Q1 24 | $0.07 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | $1.9B | $720.3M |
| 总资产 | $2.9B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资PATHTHRM
| Q4 25 | $1.4B | $160.8M | ||
| Q3 25 | $1.4B | $154.3M | ||
| Q2 25 | $1.6B | $128.3M | ||
| Q1 25 | $1.6B | $163.1M | ||
| Q4 24 | $1.6B | $134.1M | ||
| Q3 24 | $1.7B | $150.6M | ||
| Q2 24 | $1.9B | $123.5M | ||
| Q1 24 | $1.9B | $125.1M |
总债务PATHTHRM
| Q4 25 | — | $189.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M | ||
| Q1 24 | — | $222.2M |
股东权益PATHTHRM
| Q4 25 | $1.9B | $720.3M | ||
| Q3 25 | $1.7B | $717.9M | ||
| Q2 25 | $1.7B | $699.7M | ||
| Q1 25 | $1.8B | $646.5M | ||
| Q4 24 | $1.7B | $616.9M | ||
| Q3 24 | $1.8B | $660.7M | ||
| Q2 24 | $2.0B | $640.3M | ||
| Q1 24 | $2.0B | $647.1M |
总资产PATHTHRM
| Q4 25 | $2.9B | $1.4B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.9B | $1.3B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.8B | $1.2B | ||
| Q1 24 | $3.0B | $1.3B |
负债/权益比PATHTHRM
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $6.7M |
| 自由现金流率自由现金流/营收 | 6.1% | 1.7% |
| 资本支出强度资本支出/营收 | 0.8% | 5.8% |
| 现金转化率经营现金流/净利润 | 0.14× | 9.70× |
| 过去12个月自由现金流最近4个季度 | — | $61.1M |
8季度趋势，按日历期对齐
经营现金流PATHTHRM
| Q4 25 | $28.3M | $29.0M | ||
| Q3 25 | $41.6M | $56.1M | ||
| Q2 25 | $119.0M | $45.0M | ||
| Q1 25 | $146.1M | $-13.3M | ||
| Q4 24 | $28.1M | $36.6M | ||
| Q3 24 | $46.4M | $46.3M | ||
| Q2 24 | $100.0M | $37.1M | ||
| Q1 24 | $145.6M | $-10.3M |
自由现金流PATHTHRM
| Q4 25 | $25.1M | $6.7M | ||
| Q3 25 | — | $46.5M | ||
| Q2 25 | $106.2M | $36.2M | ||
| Q1 25 | $138.7M | $-28.2M | ||
| Q4 24 | $23.2M | $13.6M | ||
| Q3 24 | $45.0M | $26.6M | ||
| Q2 24 | $98.8M | $17.8M | ||
| Q1 24 | $141.8M | $-21.6M |
自由现金流率PATHTHRM
| Q4 25 | 6.1% | 1.7% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | 29.8% | 9.6% | ||
| Q1 25 | 32.7% | -8.0% | ||
| Q4 24 | 6.5% | 3.9% | ||
| Q3 24 | 14.2% | 7.2% | ||
| Q2 24 | 29.5% | 4.7% | ||
| Q1 24 | 35.0% | -6.1% |
资本支出强度PATHTHRM
| Q4 25 | 0.8% | 5.8% | ||
| Q3 25 | 0.0% | 2.5% | ||
| Q2 25 | 3.6% | 2.4% | ||
| Q1 25 | 1.7% | 4.2% | ||
| Q4 24 | 1.4% | 6.5% | ||
| Q3 24 | 0.4% | 5.3% | ||
| Q2 24 | 0.4% | 5.2% | ||
| Q1 24 | 0.9% | 3.2% |
现金转化率PATHTHRM
| Q4 25 | 0.14× | 9.70× | ||
| Q3 25 | 26.25× | 3.75× | ||
| Q2 25 | — | 94.43× | ||
| Q1 25 | 2.82× | — | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | 4.29× | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
