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UiPath, Inc.（PATH）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）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VIRTUS INVESTMENT PARTNERS, INC.的2.0倍（$411.1M vs $208.0M），UiPath, Inc.净利率更高（48.4% vs 16.3%，领先32.1%），UiPath, Inc.同比增速更快（15.9% vs -10.9%），UiPath, Inc.自由现金流更多（$25.1M vs $-74.1M），过去两年UiPath, Inc.的营收复合增速更高（0.7% vs -3.2%）
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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
PATH vs VRTS — 直观对比
营收规模更大
PATH
是对方的2.0倍
$208.0M
营收增速更快
PATH
高出26.8%
-10.9%
净利率更高
PATH
高出32.1%
16.3%
自由现金流更多
PATH
多$99.2M
$-74.1M
两年增速更快
PATH
近两年复合增速
-3.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $208.0M |
| 净利润 | $198.8M | $33.9M |
| 毛利率 | 83.3% | — |
| 营业利润率 | 3.2% | 19.1% |
| 净利率 | 48.4% | 16.3% |
| 营收同比 | 15.9% | -10.9% |
| 净利润同比 | 1966.2% | -14.2% |
| 每股收益（稀释后） | $0.37 | $5.15 |
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PATHVRTS
| Q4 25 | $411.1M | $208.0M | ||
| Q3 25 | $361.7M | $216.4M | ||
| Q2 25 | $356.6M | $210.5M | ||
| Q1 25 | $423.6M | $217.9M | ||
| Q4 24 | $354.7M | $233.5M | ||
| Q3 24 | $316.3M | $227.0M | ||
| Q2 24 | $335.1M | $224.4M | ||
| Q1 24 | $405.3M | $222.0M |
净利润PATHVRTS
| Q4 25 | $198.8M | $33.9M | ||
| Q3 25 | $1.6M | $31.3M | ||
| Q2 25 | $-22.6M | $42.7M | ||
| Q1 25 | $51.8M | $28.1M | ||
| Q4 24 | $-10.7M | $39.5M | ||
| Q3 24 | $-86.1M | $49.1M | ||
| Q2 24 | $-28.7M | $26.0M | ||
| Q1 24 | $33.9M | $37.9M |
毛利率PATHVRTS
| 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PATHVRTS
| Q4 25 | 3.2% | 19.1% | ||
| Q3 25 | -5.6% | 21.7% | ||
| Q2 25 | -4.6% | 21.5% | ||
| Q1 25 | 7.9% | 16.8% | ||
| Q4 24 | -12.2% | 21.7% | ||
| Q3 24 | -32.7% | 24.3% | ||
| Q2 24 | -14.8% | 19.7% | ||
| Q1 24 | 3.7% | 14.5% |
净利率PATHVRTS
| Q4 25 | 48.4% | 16.3% | ||
| Q3 25 | 0.4% | 14.5% | ||
| Q2 25 | -6.3% | 20.3% | ||
| Q1 25 | 12.2% | 12.9% | ||
| Q4 24 | -3.0% | 16.9% | ||
| Q3 24 | -27.2% | 21.6% | ||
| Q2 24 | -8.6% | 11.6% | ||
| Q1 24 | 8.4% | 17.1% |
每股收益（稀释后）PATHVRTS
| Q4 25 | $0.37 | $5.15 | ||
| Q3 25 | $0.00 | $4.65 | ||
| Q2 25 | $-0.04 | $6.12 | ||
| Q1 25 | $0.09 | $4.05 | ||
| Q4 24 | $-0.02 | $4.65 | ||
| Q3 24 | $-0.15 | $5.71 | ||
| Q2 24 | $-0.05 | $2.43 | ||
| Q1 24 | $0.07 | $4.10 |
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 | — |
| 总债务越低越好 | — | $390.0M |
| 股东权益账面价值 | $1.9B | $934.0M |
| 总资产 | $2.9B | $4.3B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资PATHVRTS
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
总债务PATHVRTS
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
股东权益PATHVRTS
| Q4 25 | $1.9B | $934.0M | ||
| Q3 25 | $1.7B | $918.7M | ||
| Q2 25 | $1.7B | $896.4M | ||
| Q1 25 | $1.8B | $893.7M | ||
| Q4 24 | $1.7B | $897.5M | ||
| Q3 24 | $1.8B | $889.0M | ||
| Q2 24 | $2.0B | $868.7M | ||
| Q1 24 | $2.0B | $871.7M |
总资产PATHVRTS
| Q4 25 | $2.9B | $4.3B | ||
| Q3 25 | $2.6B | $3.9B | ||
| Q2 25 | $2.6B | $3.7B | ||
| Q1 25 | $2.9B | $3.7B | ||
| Q4 24 | $2.7B | $4.0B | ||
| Q3 24 | $2.7B | $3.6B | ||
| Q2 24 | $2.8B | $3.6B | ||
| Q1 24 | $3.0B | $3.5B |
负债/权益比PATHVRTS
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $-74.1M |
| 自由现金流率自由现金流/营收 | 6.1% | -35.6% |
| 资本支出强度资本支出/营收 | 0.8% | 3.3% |
| 现金转化率经营现金流/净利润 | 0.14× | -1.99× |
| 过去12个月自由现金流最近4个季度 | — | $100.2M |
8季度趋势，按日历期对齐
经营现金流PATHVRTS
| Q4 25 | $28.3M | $-67.2M | ||
| Q3 25 | $41.6M | $108.3M | ||
| Q2 25 | $119.0M | $75.8M | ||
| Q1 25 | $146.1M | $-3.8M | ||
| Q4 24 | $28.1M | $1.8M | ||
| Q3 24 | $46.4M | $69.1M | ||
| Q2 24 | $100.0M | $70.0M | ||
| Q1 24 | $145.6M | $-34.5M |
自由现金流PATHVRTS
| Q4 25 | $25.1M | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | $106.2M | $74.2M | ||
| Q1 25 | $138.7M | $-6.8M | ||
| Q4 24 | $23.2M | $-3.8M | ||
| Q3 24 | $45.0M | $68.7M | ||
| Q2 24 | $98.8M | $68.6M | ||
| Q1 24 | $141.8M | $-36.5M |
自由现金流率PATHVRTS
| Q4 25 | 6.1% | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | 29.8% | 35.2% | ||
| Q1 25 | 32.7% | -3.1% | ||
| Q4 24 | 6.5% | -1.6% | ||
| Q3 24 | 14.2% | 30.3% | ||
| Q2 24 | 29.5% | 30.6% | ||
| Q1 24 | 35.0% | -16.4% |
资本支出强度PATHVRTS
| Q4 25 | 0.8% | 3.3% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 3.6% | 0.7% | ||
| Q1 25 | 1.7% | 1.4% | ||
| Q4 24 | 1.4% | 2.4% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 0.4% | 0.6% | ||
| Q1 24 | 0.9% | 0.9% |
现金转化率PATHVRTS
| Q4 25 | 0.14× | -1.99× | ||
| Q3 25 | 26.25× | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | 2.82× | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | 4.29× | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
