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UiPath, Inc.（PATH）与USA Compression Partners, LP（USAC）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USA Compression Partners, LP的1.6倍（$411.1M vs $252.5M），UiPath, Inc.净利率更高（48.4% vs 11.0%，领先37.4%），UiPath, Inc.同比增速更快（15.9% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $25.1M），过去两年USA Compression Partners, LP的营收复合增速更高（4.9% 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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
PATH vs USAC — 直观对比
营收规模更大
PATH
是对方的1.6倍
$252.5M
营收增速更快
PATH
高出13.2%
2.7%
净利率更高
PATH
高出37.4%
11.0%
自由现金流更多
USAC
多$62.6M
$25.1M
两年增速更快
USAC
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $252.5M |
| 净利润 | $198.8M | $27.8M |
| 毛利率 | 83.3% | — |
| 营业利润率 | 3.2% | 30.3% |
| 净利率 | 48.4% | 11.0% |
| 营收同比 | 15.9% | 2.7% |
| 净利润同比 | 1966.2% | 9.1% |
| 每股收益（稀释后） | $0.37 | — |
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PATHUSAC
| Q4 25 | $411.1M | $252.5M | ||
| Q3 25 | $361.7M | $250.3M | ||
| Q2 25 | $356.6M | $250.1M | ||
| Q1 25 | $423.6M | $245.2M | ||
| Q4 24 | $354.7M | $245.9M | ||
| Q3 24 | $316.3M | $240.0M | ||
| Q2 24 | $335.1M | $235.3M | ||
| Q1 24 | $405.3M | $229.3M |
净利润PATHUSAC
| Q4 25 | $198.8M | $27.8M | ||
| Q3 25 | $1.6M | $34.5M | ||
| Q2 25 | $-22.6M | $28.6M | ||
| Q1 25 | $51.8M | $20.5M | ||
| Q4 24 | $-10.7M | $25.4M | ||
| Q3 24 | $-86.1M | $19.3M | ||
| Q2 24 | $-28.7M | $31.2M | ||
| Q1 24 | $33.9M | $23.6M |
毛利率PATHUSAC
| 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PATHUSAC
| Q4 25 | 3.2% | 30.3% | ||
| Q3 25 | -5.6% | 33.5% | ||
| Q2 25 | -4.6% | 30.6% | ||
| Q1 25 | 7.9% | 28.3% | ||
| Q4 24 | -12.2% | 30.3% | ||
| Q3 24 | -32.7% | 31.5% | ||
| Q2 24 | -14.8% | 32.9% | ||
| Q1 24 | 3.7% | 29.2% |
净利率PATHUSAC
| Q4 25 | 48.4% | 11.0% | ||
| Q3 25 | 0.4% | 13.8% | ||
| Q2 25 | -6.3% | 11.4% | ||
| Q1 25 | 12.2% | 8.4% | ||
| Q4 24 | -3.0% | 10.3% | ||
| Q3 24 | -27.2% | 8.1% | ||
| Q2 24 | -8.6% | 13.3% | ||
| Q1 24 | 8.4% | 10.3% |
每股收益（稀释后）PATHUSAC
| Q4 25 | $0.37 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.15 | — | ||
| Q2 24 | $-0.05 | — | ||
| Q1 24 | $0.07 | — |
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 | $8.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $1.9B | — |
| 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PATHUSAC
| Q4 25 | $1.4B | $8.6M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.6B | $2.0K | ||
| Q1 25 | $1.6B | $2.0K | ||
| Q4 24 | $1.6B | $14.0K | ||
| Q3 24 | $1.7B | $79.0K | ||
| Q2 24 | $1.9B | $9.0K | ||
| Q1 24 | $1.9B | $8.0K |
总债务PATHUSAC
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
股东权益PATHUSAC
| 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PATHUSAC
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $2.6B | $2.7B | ||
| Q2 25 | $2.6B | $2.7B | ||
| Q1 25 | $2.9B | $2.7B | ||
| Q4 24 | $2.7B | $2.7B | ||
| Q3 24 | $2.7B | $2.8B | ||
| Q2 24 | $2.8B | $2.8B | ||
| Q1 24 | $3.0B | $2.8B |
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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $87.7M |
| 自由现金流率自由现金流/营收 | 6.1% | 34.8% |
| 资本支出强度资本支出/营收 | 0.8% | 20.5% |
| 现金转化率经营现金流/净利润 | 0.14× | 5.02× |
| 过去12个月自由现金流最近4个季度 | — | $277.0M |
8季度趋势，按日历期对齐
经营现金流PATHUSAC
| Q4 25 | $28.3M | $139.5M | ||
| Q3 25 | $41.6M | $75.9M | ||
| Q2 25 | $119.0M | $124.2M | ||
| Q1 25 | $146.1M | $54.7M | ||
| Q4 24 | $28.1M | $130.2M | ||
| Q3 24 | $46.4M | $48.5M | ||
| Q2 24 | $100.0M | $96.7M | ||
| Q1 24 | $145.6M | $65.9M |
自由现金流PATHUSAC
| Q4 25 | $25.1M | $87.7M | ||
| Q3 25 | — | $51.9M | ||
| Q2 25 | $106.2M | $101.1M | ||
| Q1 25 | $138.7M | $36.3M | ||
| Q4 24 | $23.2M | $101.2M | ||
| Q3 24 | $45.0M | $19.8M | ||
| Q2 24 | $98.8M | $48.2M | ||
| Q1 24 | $141.8M | $-32.7M |
自由现金流率PATHUSAC
| Q4 25 | 6.1% | 34.8% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | 29.8% | 40.4% | ||
| Q1 25 | 32.7% | 14.8% | ||
| Q4 24 | 6.5% | 41.1% | ||
| Q3 24 | 14.2% | 8.2% | ||
| Q2 24 | 29.5% | 20.5% | ||
| Q1 24 | 35.0% | -14.3% |
资本支出强度PATHUSAC
| Q4 25 | 0.8% | 20.5% | ||
| Q3 25 | 0.0% | 9.6% | ||
| Q2 25 | 3.6% | 9.3% | ||
| Q1 25 | 1.7% | 7.5% | ||
| Q4 24 | 1.4% | 11.8% | ||
| Q3 24 | 0.4% | 12.0% | ||
| Q2 24 | 0.4% | 20.6% | ||
| Q1 24 | 0.9% | 43.0% |
现金转化率PATHUSAC
| Q4 25 | 0.14× | 5.02× | ||
| Q3 25 | 26.25× | 2.20× | ||
| Q2 25 | — | 4.35× | ||
| Q1 25 | 2.82× | 2.66× | ||
| Q4 24 | — | 5.12× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | 4.29× | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
