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UiPath, Inc.（PATH）与ZILLOW GROUP, INC.（ZG）财务数据对比。点击上方公司名可切换其他公司
ZILLOW GROUP, INC.的季度营收约是UiPath, Inc.的1.6倍（$654.0M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 0.5%，领先47.9%），ZILLOW GROUP, INC.同比增速更快（18.1% vs 15.9%），ZILLOW GROUP, INC.自由现金流更多（$44.0M vs $25.1M），过去两年ZILLOW GROUP, INC.的营收复合增速更高（11.2% 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。
Zillow集团是美国头部房地产科技线上平台企业，2006年由前微软高管里奇·巴顿、劳埃德·弗林克等联合创立，业务涵盖房产信息查询、交易配套服务等，是全球房产科技领域的知名代表企业。
PATH vs ZG — 直观对比
营收规模更大
ZG
是对方的1.6倍
$411.1M
营收增速更快
ZG
高出2.1%
15.9%
净利率更高
PATH
高出47.9%
0.5%
自由现金流更多
ZG
多$18.9M
$25.1M
两年增速更快
ZG
近两年复合增速
0.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.1M | $654.0M |
| 净利润 | $198.8M | $3.0M |
| 毛利率 | 83.3% | 72.8% |
| 营业利润率 | 3.2% | -1.7% |
| 净利率 | 48.4% | 0.5% |
| 营收同比 | 15.9% | 18.1% |
| 净利润同比 | 1966.2% | 105.8% |
| 每股收益（稀释后） | $0.37 | $0.01 |
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PATHZG
| Q4 25 | $411.1M | $654.0M | ||
| Q3 25 | $361.7M | $676.0M | ||
| Q2 25 | $356.6M | $655.0M | ||
| Q1 25 | $423.6M | $598.0M | ||
| Q4 24 | $354.7M | $554.0M | ||
| Q3 24 | $316.3M | $581.0M | ||
| Q2 24 | $335.1M | $572.0M | ||
| Q1 24 | $405.3M | $529.0M |
净利润PATHZG
| Q4 25 | $198.8M | $3.0M | ||
| Q3 25 | $1.6M | $10.0M | ||
| Q2 25 | $-22.6M | $2.0M | ||
| Q1 25 | $51.8M | $8.0M | ||
| Q4 24 | $-10.7M | $-52.0M | ||
| Q3 24 | $-86.1M | $-20.0M | ||
| Q2 24 | $-28.7M | $-17.0M | ||
| Q1 24 | $33.9M | $-23.0M |
毛利率PATHZG
| Q4 25 | 83.3% | 72.8% | ||
| Q3 25 | 82.2% | 72.6% | ||
| Q2 25 | 82.1% | 74.7% | ||
| Q1 25 | 84.8% | 76.8% | ||
| Q4 24 | 82.0% | 75.8% | ||
| Q3 24 | 80.0% | 75.9% | ||
| Q2 24 | 83.5% | 77.3% | ||
| Q1 24 | 86.8% | 76.7% |
营业利润率PATHZG
| Q4 25 | 3.2% | -1.7% | ||
| Q3 25 | -5.6% | -0.4% | ||
| Q2 25 | -4.6% | -1.7% | ||
| Q1 25 | 7.9% | -1.5% | ||
| Q4 24 | -12.2% | -12.5% | ||
| Q3 24 | -32.7% | -7.7% | ||
| Q2 24 | -14.8% | -6.6% | ||
| Q1 24 | 3.7% | -8.5% |
净利率PATHZG
| Q4 25 | 48.4% | 0.5% | ||
| Q3 25 | 0.4% | 1.5% | ||
| Q2 25 | -6.3% | 0.3% | ||
| Q1 25 | 12.2% | 1.3% | ||
| Q4 24 | -3.0% | -9.4% | ||
| Q3 24 | -27.2% | -3.4% | ||
| Q2 24 | -8.6% | -3.0% | ||
| Q1 24 | 8.4% | -4.3% |
每股收益（稀释后）PATHZG
| Q4 25 | $0.37 | $0.01 | ||
| Q3 25 | $0.00 | $0.04 | ||
| Q2 25 | $-0.04 | $0.01 | ||
| Q1 25 | $0.09 | $0.03 | ||
| Q4 24 | $-0.02 | $-0.23 | ||
| Q3 24 | $-0.15 | $-0.08 | ||
| Q2 24 | $-0.05 | $-0.07 | ||
| Q1 24 | $0.07 | $-0.10 |
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 | $768.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $4.9B |
| 总资产 | $2.9B | $5.7B |
| 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PATHZG
| Q4 25 | $1.4B | $768.0M | ||
| Q3 25 | $1.4B | $874.0M | ||
| Q2 25 | $1.6B | $587.0M | ||
| Q1 25 | $1.6B | $914.0M | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.4B |
股东权益PATHZG
| Q4 25 | $1.9B | $4.9B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | $1.7B | $4.7B | ||
| Q1 25 | $1.8B | $4.8B | ||
| Q4 24 | $1.7B | $4.8B | ||
| Q3 24 | $1.8B | $4.7B | ||
| Q2 24 | $2.0B | $4.5B | ||
| Q1 24 | $2.0B | $4.7B |
总资产PATHZG
| Q4 25 | $2.9B | $5.7B | ||
| Q3 25 | $2.6B | $5.7B | ||
| Q2 25 | $2.6B | $5.4B | ||
| Q1 25 | $2.9B | $5.7B | ||
| Q4 24 | $2.7B | $5.8B | ||
| Q3 24 | $2.7B | $6.2B | ||
| Q2 24 | $2.8B | $6.6B | ||
| Q1 24 | $3.0B | $6.8B |
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 | $72.0M |
| 自由现金流经营现金流 - 资本支出 | $25.1M | $44.0M |
| 自由现金流率自由现金流/营收 | 6.1% | 6.7% |
| 资本支出强度资本支出/营收 | 0.8% | 4.3% |
| 现金转化率经营现金流/净利润 | 0.14× | 24.00× |
| 过去12个月自由现金流最近4个季度 | — | $235.0M |
8季度趋势，按日历期对齐
经营现金流PATHZG
| Q4 25 | $28.3M | $72.0M | ||
| Q3 25 | $41.6M | $105.0M | ||
| Q2 25 | $119.0M | $87.0M | ||
| Q1 25 | $146.1M | $104.0M | ||
| Q4 24 | $28.1M | $122.0M | ||
| Q3 24 | $46.4M | $171.0M | ||
| Q2 24 | $100.0M | $55.0M | ||
| Q1 24 | $145.6M | $80.0M |
自由现金流PATHZG
| Q4 25 | $25.1M | $44.0M | ||
| Q3 25 | — | $73.0M | ||
| Q2 25 | $106.2M | $50.0M | ||
| Q1 25 | $138.7M | $68.0M | ||
| Q4 24 | $23.2M | $88.0M | ||
| Q3 24 | $45.0M | $138.0M | ||
| Q2 24 | $98.8M | $18.0M | ||
| Q1 24 | $141.8M | $41.0M |
自由现金流率PATHZG
| Q4 25 | 6.1% | 6.7% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | 29.8% | 7.6% | ||
| Q1 25 | 32.7% | 11.4% | ||
| Q4 24 | 6.5% | 15.9% | ||
| Q3 24 | 14.2% | 23.8% | ||
| Q2 24 | 29.5% | 3.1% | ||
| Q1 24 | 35.0% | 7.8% |
资本支出强度PATHZG
| Q4 25 | 0.8% | 4.3% | ||
| Q3 25 | 0.0% | 4.7% | ||
| Q2 25 | 3.6% | 5.6% | ||
| Q1 25 | 1.7% | 6.0% | ||
| Q4 24 | 1.4% | 6.1% | ||
| Q3 24 | 0.4% | 5.7% | ||
| Q2 24 | 0.4% | 6.5% | ||
| Q1 24 | 0.9% | 7.4% |
现金转化率PATHZG
| Q4 25 | 0.14× | 24.00× | ||
| Q3 25 | 26.25× | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | 2.82× | 13.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.29× | — |
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% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
