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UiPath, Inc.（PATH）与Vontier Corp（VNT）财务数据对比。点击上方公司名可切换其他公司
Vontier Corp的季度营收约是UiPath, Inc.的2.0倍（$808.5M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 15.3%，领先33.1%），UiPath, Inc.同比增速更快（15.9% vs 4.1%），Vontier Corp自由现金流更多（$174.8M vs $25.1M），过去两年Vontier Corp的营收复合增速更高（3.4% 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。
Vontier Corp是一家总部位于美国北卡罗来纳州罗利市的工业制造企业，旗下拥有Gilbarco Veeder-Root、Matco Tools、Teletrac Navman等核心品牌，还控股Hennessy Industries、Gasboy、全球交通技术（GTT）等多家子公司，业务覆盖多个工业制造细分领域。
PATH vs VNT — 直观对比
营收规模更大
VNT
是对方的2.0倍
$411.1M
营收增速更快
PATH
高出11.8%
4.1%
净利率更高
PATH
高出33.1%
15.3%
自由现金流更多
VNT
多$149.7M
$25.1M
两年增速更快
VNT
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $808.5M |
| 净利润 | $198.8M | $123.5M |
| 毛利率 | 83.3% | — |
| 营业利润率 | 3.2% | 18.9% |
| 净利率 | 48.4% | 15.3% |
| 营收同比 | 15.9% | 4.1% |
| 净利润同比 | 1966.2% | 0.0% |
| 每股收益（稀释后） | $0.37 | $0.85 |
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PATHVNT
| Q4 25 | $411.1M | $808.5M | ||
| Q3 25 | $361.7M | $752.5M | ||
| Q2 25 | $356.6M | $773.5M | ||
| Q1 25 | $423.6M | $741.1M | ||
| Q4 24 | $354.7M | $776.8M | ||
| Q3 24 | $316.3M | $750.0M | ||
| Q2 24 | $335.1M | $696.4M | ||
| Q1 24 | $405.3M | $755.8M |
净利润PATHVNT
| Q4 25 | $198.8M | $123.5M | ||
| Q3 25 | $1.6M | $102.8M | ||
| Q2 25 | $-22.6M | $91.9M | ||
| Q1 25 | $51.8M | $87.9M | ||
| Q4 24 | $-10.7M | $123.5M | ||
| Q3 24 | $-86.1M | $91.8M | ||
| Q2 24 | $-28.7M | $70.1M | ||
| Q1 24 | $33.9M | $136.8M |
毛利率PATHVNT
| Q4 25 | 83.3% | — | ||
| Q3 25 | 82.2% | 47.3% | ||
| Q2 25 | 82.1% | 47.9% | ||
| Q1 25 | 84.8% | 47.3% | ||
| Q4 24 | 82.0% | — | ||
| Q3 24 | 80.0% | 47.2% | ||
| Q2 24 | 83.5% | 48.2% | ||
| Q1 24 | 86.8% | 49.2% |
营业利润率PATHVNT
| Q4 25 | 3.2% | 18.9% | ||
| Q3 25 | -5.6% | 18.9% | ||
| Q2 25 | -4.6% | 17.6% | ||
| Q1 25 | 7.9% | 17.6% | ||
| Q4 24 | -12.2% | 19.2% | ||
| Q3 24 | -32.7% | 17.5% | ||
| Q2 24 | -14.8% | 16.4% | ||
| Q1 24 | 3.7% | 18.8% |
净利率PATHVNT
| Q4 25 | 48.4% | 15.3% | ||
| Q3 25 | 0.4% | 13.7% | ||
| Q2 25 | -6.3% | 11.9% | ||
| Q1 25 | 12.2% | 11.9% | ||
| Q4 24 | -3.0% | 15.9% | ||
| Q3 24 | -27.2% | 12.2% | ||
| Q2 24 | -8.6% | 10.1% | ||
| Q1 24 | 8.4% | 18.1% |
每股收益（稀释后）PATHVNT
| Q4 25 | $0.37 | $0.85 | ||
| Q3 25 | $0.00 | $0.70 | ||
| Q2 25 | $-0.04 | $0.62 | ||
| Q1 25 | $0.09 | $0.59 | ||
| Q4 24 | $-0.02 | $0.82 | ||
| Q3 24 | $-0.15 | $0.60 | ||
| Q2 24 | $-0.05 | $0.45 | ||
| Q1 24 | $0.07 | $0.88 |
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 | $492.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $1.2B |
| 总资产 | $2.9B | $4.4B |
| 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PATHVNT
| Q4 25 | $1.4B | $492.2M | ||
| Q3 25 | $1.4B | $433.8M | ||
| Q2 25 | $1.6B | $364.2M | ||
| Q1 25 | $1.6B | $333.6M | ||
| Q4 24 | $1.6B | $356.4M | ||
| Q3 24 | $1.7B | $330.9M | ||
| Q2 24 | $1.9B | $331.3M | ||
| Q1 24 | $1.9B | $406.0M |
股东权益PATHVNT
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $2.0B | $1.0B | ||
| Q1 24 | $2.0B | $984.9M |
总资产PATHVNT
| Q4 25 | $2.9B | $4.4B | ||
| Q3 25 | $2.6B | $4.4B | ||
| Q2 25 | $2.6B | $4.4B | ||
| Q1 25 | $2.9B | $4.3B | ||
| Q4 24 | $2.7B | $4.3B | ||
| Q3 24 | $2.7B | $4.3B | ||
| Q2 24 | $2.8B | $4.2B | ||
| Q1 24 | $3.0B | $4.3B |
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 | $190.1M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $174.8M |
| 自由现金流率自由现金流/营收 | 6.1% | 21.6% |
| 资本支出强度资本支出/营收 | 0.8% | 1.9% |
| 现金转化率经营现金流/净利润 | 0.14× | 1.54× |
| 过去12个月自由现金流最近4个季度 | — | $441.1M |
8季度趋势，按日历期对齐
经营现金流PATHVNT
| Q4 25 | $28.3M | $190.1M | ||
| Q3 25 | $41.6M | $110.5M | ||
| Q2 25 | $119.0M | $100.0M | ||
| Q1 25 | $146.1M | $110.4M | ||
| Q4 24 | $28.1M | $168.1M | ||
| Q3 24 | $46.4M | $121.8M | ||
| Q2 24 | $100.0M | $46.1M | ||
| Q1 24 | $145.6M | $91.5M |
自由现金流PATHVNT
| Q4 25 | $25.1M | $174.8M | ||
| Q3 25 | — | $90.3M | ||
| Q2 25 | $106.2M | $83.3M | ||
| Q1 25 | $138.7M | $92.7M | ||
| Q4 24 | $23.2M | $148.0M | ||
| Q3 24 | $45.0M | $103.2M | ||
| Q2 24 | $98.8M | $22.3M | ||
| Q1 24 | $141.8M | $71.3M |
自由现金流率PATHVNT
| Q4 25 | 6.1% | 21.6% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | 29.8% | 10.8% | ||
| Q1 25 | 32.7% | 12.5% | ||
| Q4 24 | 6.5% | 19.1% | ||
| Q3 24 | 14.2% | 13.8% | ||
| Q2 24 | 29.5% | 3.2% | ||
| Q1 24 | 35.0% | 9.4% |
资本支出强度PATHVNT
| Q4 25 | 0.8% | 1.9% | ||
| Q3 25 | 0.0% | 2.7% | ||
| Q2 25 | 3.6% | 2.2% | ||
| Q1 25 | 1.7% | 2.4% | ||
| Q4 24 | 1.4% | 2.6% | ||
| Q3 24 | 0.4% | 2.5% | ||
| Q2 24 | 0.4% | 3.4% | ||
| Q1 24 | 0.9% | 2.7% |
现金转化率PATHVNT
| Q4 25 | 0.14× | 1.54× | ||
| Q3 25 | 26.25× | 1.07× | ||
| Q2 25 | — | 1.09× | ||
| Q1 25 | 2.82× | 1.26× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | 4.29× | 0.67× |
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% |
VNT
| Environmental Fueling Solutions Segment | $387.5M | 48% |
| Services | $191.0M | 24% |
| Repair Solutions Segment | $144.5M | 18% |
| Other | $85.5M | 11% |
