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UiPath, Inc.（PATH）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Ubiquiti Inc.的季度营收约是UiPath, Inc.的2.0倍（$814.9M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 28.7%，领先19.7%），Ubiquiti Inc.同比增速更快（35.8% vs 15.9%），Ubiquiti Inc.自由现金流更多（$260.3M vs $25.1M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
PATH vs UI — 直观对比
营收规模更大
UI
是对方的2.0倍
$411.1M
营收增速更快
UI
高出19.9%
15.9%
净利率更高
PATH
高出19.7%
28.7%
自由现金流更多
UI
多$235.2M
$25.1M
两年增速更快
UI
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $814.9M |
| 净利润 | $198.8M | $233.6M |
| 毛利率 | 83.3% | 45.9% |
| 营业利润率 | 3.2% | 35.9% |
| 净利率 | 48.4% | 28.7% |
| 营收同比 | 15.9% | 35.8% |
| 净利润同比 | 1966.2% | 70.8% |
| 每股收益（稀释后） | $0.37 | $3.86 |
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PATHUI
| Q4 25 | $411.1M | $814.9M | ||
| Q3 25 | $361.7M | $733.8M | ||
| Q2 25 | $356.6M | $759.2M | ||
| Q1 25 | $423.6M | $664.2M | ||
| Q4 24 | $354.7M | $599.9M | ||
| Q3 24 | $316.3M | $550.3M | ||
| Q2 24 | $335.1M | $507.5M | ||
| Q1 24 | $405.3M | $493.0M |
净利润PATHUI
| Q4 25 | $198.8M | $233.6M | ||
| Q3 25 | $1.6M | $207.9M | ||
| Q2 25 | $-22.6M | $266.7M | ||
| Q1 25 | $51.8M | $180.4M | ||
| Q4 24 | $-10.7M | $136.8M | ||
| Q3 24 | $-86.1M | $128.0M | ||
| Q2 24 | $-28.7M | $103.8M | ||
| Q1 24 | $33.9M | $76.3M |
毛利率PATHUI
| Q4 25 | 83.3% | 45.9% | ||
| Q3 25 | 82.2% | 46.0% | ||
| Q2 25 | 82.1% | 45.1% | ||
| Q1 25 | 84.8% | 44.5% | ||
| Q4 24 | 82.0% | 41.2% | ||
| Q3 24 | 80.0% | 42.1% | ||
| Q2 24 | 83.5% | 40.2% | ||
| Q1 24 | 86.8% | 35.3% |
营业利润率PATHUI
| Q4 25 | 3.2% | 35.9% | ||
| Q3 25 | -5.6% | 35.7% | ||
| Q2 25 | -4.6% | 34.4% | ||
| Q1 25 | 7.9% | 34.2% | ||
| Q4 24 | -12.2% | 29.8% | ||
| Q3 24 | -32.7% | 30.7% | ||
| Q2 24 | -14.8% | 27.3% | ||
| Q1 24 | 3.7% | 22.6% |
净利率PATHUI
| Q4 25 | 48.4% | 28.7% | ||
| Q3 25 | 0.4% | 28.3% | ||
| Q2 25 | -6.3% | 35.1% | ||
| Q1 25 | 12.2% | 27.2% | ||
| Q4 24 | -3.0% | 22.8% | ||
| Q3 24 | -27.2% | 23.3% | ||
| Q2 24 | -8.6% | 20.5% | ||
| Q1 24 | 8.4% | 15.5% |
每股收益（稀释后）PATHUI
| Q4 25 | $0.37 | $3.86 | ||
| Q3 25 | $0.00 | $3.43 | ||
| Q2 25 | $-0.04 | $4.40 | ||
| Q1 25 | $0.09 | $2.98 | ||
| Q4 24 | $-0.02 | $2.26 | ||
| Q3 24 | $-0.15 | $2.12 | ||
| Q2 24 | $-0.05 | $1.72 | ||
| Q1 24 | $0.07 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $1.9B | $1.0B |
| 总资产 | $2.9B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资PATHUI
| Q4 25 | $1.4B | $302.8M | ||
| Q3 25 | $1.4B | $177.2M | ||
| Q2 25 | $1.6B | $149.7M | ||
| Q1 25 | $1.6B | $151.0M | ||
| Q4 24 | $1.6B | $133.1M | ||
| Q3 24 | $1.7B | $165.2M | ||
| Q2 24 | $1.9B | $126.3M | ||
| Q1 24 | $1.9B | $102.5M |
总债务PATHUI
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益PATHUI
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.7B | $828.4M | ||
| Q2 25 | $1.7B | $668.3M | ||
| Q1 25 | $1.8B | $436.1M | ||
| Q4 24 | $1.7B | $290.4M | ||
| Q3 24 | $1.8B | $188.1M | ||
| Q2 24 | $2.0B | $95.1M | ||
| Q1 24 | $2.0B | $25.9M |
总资产PATHUI
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.9B | $1.3B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.8B | $1.2B | ||
| Q1 24 | $3.0B | $1.2B |
负债/权益比PATHUI
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× | ||
| Q1 24 | — | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $260.3M |
| 自由现金流率自由现金流/营收 | 6.1% | 31.9% |
| 资本支出强度资本支出/营收 | 0.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 0.14× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流PATHUI
| Q4 25 | $28.3M | $263.9M | ||
| Q3 25 | $41.6M | $198.5M | ||
| Q2 25 | $119.0M | $130.4M | ||
| Q1 25 | $146.1M | $123.6M | ||
| Q4 24 | $28.1M | $152.4M | ||
| Q3 24 | $46.4M | $233.7M | ||
| Q2 24 | $100.0M | $231.4M | ||
| Q1 24 | $145.6M | $163.9M |
自由现金流PATHUI
| Q4 25 | $25.1M | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | $106.2M | $125.2M | ||
| Q1 25 | $138.7M | $120.7M | ||
| Q4 24 | $23.2M | $150.4M | ||
| Q3 24 | $45.0M | $231.1M | ||
| Q2 24 | $98.8M | $229.5M | ||
| Q1 24 | $141.8M | $160.6M |
自由现金流率PATHUI
| Q4 25 | 6.1% | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | 29.8% | 16.5% | ||
| Q1 25 | 32.7% | 18.2% | ||
| Q4 24 | 6.5% | 25.1% | ||
| Q3 24 | 14.2% | 42.0% | ||
| Q2 24 | 29.5% | 45.2% | ||
| Q1 24 | 35.0% | 32.6% |
资本支出强度PATHUI
| Q4 25 | 0.8% | 0.4% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 3.6% | 0.7% | ||
| Q1 25 | 1.7% | 0.4% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.4% | 0.4% | ||
| Q1 24 | 0.9% | 0.7% |
现金转化率PATHUI
| Q4 25 | 0.14× | 1.13× | ||
| Q3 25 | 26.25× | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | 2.82× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | 4.29× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
