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UiPath, Inc.（PATH）与沃茨水工业（WTS）财务数据对比。点击上方公司名可切换其他公司
沃茨水工业的季度营收约是UiPath, Inc.的1.5倍（$625.1M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 13.4%，领先35.0%），UiPath, Inc.同比增速更快（15.9% vs 15.7%），沃茨水工业自由现金流更多（$140.3M vs $25.1M），过去两年沃茨水工业的营收复合增速更高（4.6% 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。
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
PATH vs WTS — 直观对比
营收规模更大
WTS
是对方的1.5倍
$411.1M
营收增速更快
PATH
高出0.2%
15.7%
净利率更高
PATH
高出35.0%
13.4%
自由现金流更多
WTS
多$115.2M
$25.1M
两年增速更快
WTS
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $625.1M |
| 净利润 | $198.8M | $83.7M |
| 毛利率 | 83.3% | 49.5% |
| 营业利润率 | 3.2% | 18.2% |
| 净利率 | 48.4% | 13.4% |
| 营收同比 | 15.9% | 15.7% |
| 净利润同比 | 1966.2% | 24.0% |
| 每股收益（稀释后） | $0.37 | $2.50 |
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PATHWTS
| Q4 25 | $411.1M | $625.1M | ||
| Q3 25 | $361.7M | $611.7M | ||
| Q2 25 | $356.6M | $643.7M | ||
| Q1 25 | $423.6M | $558.0M | ||
| Q4 24 | $354.7M | $540.4M | ||
| Q3 24 | $316.3M | $543.6M | ||
| Q2 24 | $335.1M | $597.3M | ||
| Q1 24 | $405.3M | $570.9M |
净利润PATHWTS
| Q4 25 | $198.8M | $83.7M | ||
| Q3 25 | $1.6M | $82.2M | ||
| Q2 25 | $-22.6M | $100.9M | ||
| Q1 25 | $51.8M | $74.0M | ||
| Q4 24 | $-10.7M | $67.5M | ||
| Q3 24 | $-86.1M | $69.1M | ||
| Q2 24 | $-28.7M | $82.0M | ||
| Q1 24 | $33.9M | $72.6M |
毛利率PATHWTS
| Q4 25 | 83.3% | 49.5% | ||
| Q3 25 | 82.2% | 48.8% | ||
| Q2 25 | 82.1% | 50.6% | ||
| Q1 25 | 84.8% | 48.8% | ||
| Q4 24 | 82.0% | 46.7% | ||
| Q3 24 | 80.0% | 47.3% | ||
| Q2 24 | 83.5% | 47.7% | ||
| Q1 24 | 86.8% | 46.9% |
营业利润率PATHWTS
| Q4 25 | 3.2% | 18.2% | ||
| Q3 25 | -5.6% | 18.2% | ||
| Q2 25 | -4.6% | 21.0% | ||
| Q1 25 | 7.9% | 15.7% | ||
| Q4 24 | -12.2% | 16.5% | ||
| Q3 24 | -32.7% | 17.1% | ||
| Q2 24 | -14.8% | 18.7% | ||
| Q1 24 | 3.7% | 16.9% |
净利率PATHWTS
| Q4 25 | 48.4% | 13.4% | ||
| Q3 25 | 0.4% | 13.4% | ||
| Q2 25 | -6.3% | 15.7% | ||
| Q1 25 | 12.2% | 13.3% | ||
| Q4 24 | -3.0% | 12.5% | ||
| Q3 24 | -27.2% | 12.7% | ||
| Q2 24 | -8.6% | 13.7% | ||
| Q1 24 | 8.4% | 12.7% |
每股收益（稀释后）PATHWTS
| Q4 25 | $0.37 | $2.50 | ||
| Q3 25 | $0.00 | $2.45 | ||
| Q2 25 | $-0.04 | $3.01 | ||
| Q1 25 | $0.09 | $2.21 | ||
| Q4 24 | $-0.02 | $2.02 | ||
| Q3 24 | $-0.15 | $2.06 | ||
| Q2 24 | $-0.05 | $2.44 | ||
| Q1 24 | $0.07 | $2.17 |
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 | $405.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $2.0B |
| 总资产 | $2.9B | $2.9B |
| 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PATHWTS
| Q4 25 | $1.4B | $405.5M | ||
| Q3 25 | $1.4B | $457.7M | ||
| Q2 25 | $1.6B | $369.3M | ||
| Q1 25 | $1.6B | $336.8M | ||
| Q4 24 | $1.6B | $386.9M | ||
| Q3 24 | $1.7B | $303.9M | ||
| Q2 24 | $1.9B | $279.4M | ||
| Q1 24 | $1.9B | $237.1M |
股东权益PATHWTS
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $2.0B | $1.6B | ||
| Q1 24 | $2.0B | $1.6B |
总资产PATHWTS
| Q4 25 | $2.9B | $2.9B | ||
| Q3 25 | $2.6B | $2.7B | ||
| Q2 25 | $2.6B | $2.6B | ||
| Q1 25 | $2.9B | $2.5B | ||
| Q4 24 | $2.7B | $2.4B | ||
| Q3 24 | $2.7B | $2.4B | ||
| Q2 24 | $2.8B | $2.4B | ||
| Q1 24 | $3.0B | $2.3B |
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 | $154.7M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $140.3M |
| 自由现金流率自由现金流/营收 | 6.1% | 22.4% |
| 资本支出强度资本支出/营收 | 0.8% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.14× | 1.85× |
| 过去12个月自由现金流最近4个季度 | — | $356.3M |
8季度趋势，按日历期对齐
经营现金流PATHWTS
| Q4 25 | $28.3M | $154.7M | ||
| Q3 25 | $41.6M | $122.4M | ||
| Q2 25 | $119.0M | $69.7M | ||
| Q1 25 | $146.1M | $55.2M | ||
| Q4 24 | $28.1M | $139.5M | ||
| Q3 24 | $46.4M | $90.7M | ||
| Q2 24 | $100.0M | $85.3M | ||
| Q1 24 | $145.6M | $45.6M |
自由现金流PATHWTS
| Q4 25 | $25.1M | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | $106.2M | $59.5M | ||
| Q1 25 | $138.7M | $45.6M | ||
| Q4 24 | $23.2M | $127.5M | ||
| Q3 24 | $45.0M | $84.3M | ||
| Q2 24 | $98.8M | $78.5M | ||
| Q1 24 | $141.8M | $35.5M |
自由现金流率PATHWTS
| Q4 25 | 6.1% | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | 29.8% | 9.2% | ||
| Q1 25 | 32.7% | 8.2% | ||
| Q4 24 | 6.5% | 23.6% | ||
| Q3 24 | 14.2% | 15.5% | ||
| Q2 24 | 29.5% | 13.1% | ||
| Q1 24 | 35.0% | 6.2% |
资本支出强度PATHWTS
| Q4 25 | 0.8% | 2.3% | ||
| Q3 25 | 0.0% | 1.9% | ||
| Q2 25 | 3.6% | 1.6% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 0.4% | 1.1% | ||
| Q1 24 | 0.9% | 1.8% |
现金转化率PATHWTS
| Q4 25 | 0.14× | 1.85× | ||
| Q3 25 | 26.25× | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | 2.82× | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | 4.29× | 0.63× |
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% |
WTS
暂无分部数据
