Nutanix
NTNX · Systems Software
$70.58
1.5%UiPath
PATH · Systems Software
$14.13
1.4%The short version
- Nutanix is the larger business, with $2.9B of revenue in fiscal 2026 against $1.6B for UiPath, about 1.8 times as much.
- Nutanix kept more of each dollar of sales as operating profit (9.6% operating margin, against 3.5% operating margin).
- Nutanix turned more of its sales into free cash flow (29.5% FCF margin, against 21.9% FCF margin).
- Investors pay more for each dollar of UiPath’s earnings: a P/E of 21.1x against 13.7x for Nutanix.
| Latest fiscal year | NTNX · FY26 | PATH · FY26 |
|---|---|---|
| Size | ||
| Market cap | — | $7.4B |
| Revenue | $2.9B | $1.6B |
| Free cash flow | $841M | $352M |
| Net income | $1.5B | $282M |
| Growth | ||
| Revenue growth | 12.4% | 12.7% |
| 5-year growth | 15.4% | 21.5% |
| Share count change | — | −2.7% |
| Profitability | ||
| Gross margin | 86.8% | 83.2% |
| Operating margin | 9.6% | 3.5% |
| Net margin | 52.8% | 17.5% |
| FCF margin | 29.5% | 21.9% |
| Return on capital | — | 13.7% |
| Return on equity | — | 14.4% |
| Balance sheet | ||
| Net debt | −$1.0B | −$1.5B |
| Net debt / EBITDA | −2.9x | −20.0x |
| Dividends and buybacks | $484M | $329M |
| Valuation & quality | ||
| P/E | 13.7x | 21.1x |
| Piotroski F-score | — | 7 |
FY17
NTNX $846M
PATH —
FY18
NTNX $1.2B
PATH —
FY19
NTNX $1.2B
PATH —
FY20
NTNX $1.3B
PATH $336M
FY21
NTNX $1.4B
PATH $608M
FY22
NTNX $1.6B
PATH $892M
FY23
NTNX $1.9B
PATH $1.1B
FY24
NTNX $2.1B
PATH $1.3B
FY25
NTNX $2.5B
PATH $1.4B
FY26
NTNX $2.9B
PATH $1.6B
NTNX
PATH
FY17
NTNX −41.2%
PATH —
FY18
NTNX −24.3%
PATH —
FY19
NTNX −48.4%
PATH —
FY20
NTNX −63.4%
PATH −153.9%
FY21
NTNX −47.5%
PATH −18.2%
FY22
NTNX −29.0%
PATH −56.1%
FY23
NTNX −11.1%
PATH −32.9%
FY24
NTNX 0.4%
PATH −12.6%
FY25
NTNX 6.8%
PATH −11.4%
FY26
NTNX 9.6%
PATH 3.5%
NTNX
PATH
FY17
NTNX −$35.4M
PATH —
FY18
NTNX $30.2M
PATH —
FY19
NTNX −$76.3M
PATH —
FY20
NTNX −$249M
PATH −$375M
FY21
NTNX −$158M
PATH $27.2M
FY22
NTNX $18.5M
PATH −$63.8M
FY23
NTNX $207M
PATH −$33.8M
FY24
NTNX $598M
PATH $292M
FY25
NTNX $750M
PATH $306M
FY26
NTNX $841M
PATH $352M
NTNX
PATH
FY17
NTNX —
PATH —
FY18
NTNX —
PATH —
FY19
NTNX —
PATH —
FY20
NTNX —
PATH —
FY21
NTNX —
PATH —
FY22
NTNX —
PATH —
FY23
NTNX —
PATH —
FY24
NTNX —
PATH —
FY25
NTNX —
PATH —
FY26
NTNX —
PATH 13.7%
NTNX
PATH
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.