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Stock Comparison

PATH vs APPN

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
PATH
UiPath Inc.

Software - Infrastructure

TechnologyNYSE • US
Market Cap$5.88B
5Y Perf.-85.4%
APPN
Appian Corporation

Software - Infrastructure

TechnologyNASDAQ • US
Market Cap$1.72B
5Y Perf.-80.9%

PATH vs APPN — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
PATH logoPATH
APPN logoAPPN
IndustrySoftware - InfrastructureSoftware - Infrastructure
Market Cap$5.88B$1.72B
Revenue (TTM)$1.61B$691M
Net Income (TTM)$282M$-7M
Gross Margin83.2%76.3%
Operating Margin3.5%0.9%
Forward P/E15.6x26.1x
Total Debt$71M$290M
Cash & Equiv.$871M$136M

PATH vs APPNLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

PATH
APPN
StockApr 21May 26Return
UiPath Inc. (PATH)10014.6-85.4%
Appian Corporation (APPN)10019.1-80.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: PATH vs APPN

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: PATH leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Appian Corporation is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
PATH
UiPath Inc.
The Value Play

PATH carries the broadest edge in this set and is the clearest fit for value and quality.

  • Lower P/E (15.6x vs 26.1x)
  • 17.5% margin vs APPN's -1.1%
  • -11.2% vs APPN's -24.4%
Best for: value and quality
APPN
Appian Corporation
The Income Pick

APPN is the clearest fit if your priority is income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.81
  • Rev growth 17.8%, EPS growth 101.6%, 3Y rev CAGR 15.8%
  • 54.4% 10Y total return vs PATH's -84.8%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthAPPN logoAPPN17.8% revenue growth vs PATH's 12.7%
ValuePATH logoPATHLower P/E (15.6x vs 26.1x)
Quality / MarginsPATH logoPATH17.5% margin vs APPN's -1.1%
Stability / SafetyAPPN logoAPPNBeta 0.81 vs PATH's 1.34
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)PATH logoPATH-11.2% vs APPN's -24.4%
Efficiency (ROA)PATH logoPATH10.0% ROA vs APPN's -1.2%, ROIC 3.9% vs 0.3%

PATH vs APPN — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

PATHUiPath Inc.
FY 2025
Subscription Services
54.9%$802M
License
40.2%$587M
Professional Services and Other
4.8%$71M
APPNAppian Corporation
FY 2025
Subscriptions, Software, and Support
48.1%$576M
Cloud Subscriptions
36.5%$437M
Professional Services Member
12.6%$150M
Maintenance And Support
2.8%$33M

PATH vs APPN — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLPATHLAGGINGAPPN

Income & Cash Flow (Last 12 Months)

PATH leads this category, winning 4 of 6 comparable metrics.

PATH is the larger business by revenue, generating $1.6B annually — 2.3x APPN's $691M. PATH is the more profitable business, keeping 17.5% of every revenue dollar as net income compared to APPN's -1.1%. On growth, APPN holds the edge at +21.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricPATH logoPATHUiPath Inc.APPN logoAPPNAppian Corporation
RevenueTrailing 12 months$1.6B$691M
EBITDAEarnings before interest/tax$74M$16M
Net IncomeAfter-tax profit$282M-$7M
Free Cash FlowCash after capex$352M$73M
Gross MarginGross profit ÷ Revenue+83.2%+76.3%
Operating MarginEBIT ÷ Revenue+3.5%+0.9%
Net MarginNet income ÷ Revenue+17.5%-1.1%
FCF MarginFCF ÷ Revenue+21.9%+10.5%
Rev. Growth (YoY)Latest quarter vs prior year+13.6%+21.4%
EPS Growth (YoY)Latest quarter vs prior year+111.1%+4.4%
PATH leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

PATH leads this category, winning 4 of 5 comparable metrics.

At 20.2x trailing earnings, PATH trades at a 98% valuation discount to APPN's 1159.0x P/E. On an enterprise value basis, PATH's 65.2x EV/EBITDA is more attractive than APPN's 3070.0x.

MetricPATH logoPATHUiPath Inc.APPN logoAPPNAppian Corporation
Market CapShares × price$5.9B$1.7B
Enterprise ValueMkt cap + debt − cash$5.1B$1.9B
Trailing P/EPrice ÷ TTM EPS20.19x1159.00x
Forward P/EPrice ÷ next-FY EPS est.15.59x26.09x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple65.18x3069.97x
Price / SalesMarket cap ÷ Revenue3.65x2.36x
Price / BookPrice ÷ Book value/share2.75x
Price / FCFMarket cap ÷ FCF16.70x28.80x
PATH leads this category, winning 4 of 5 comparable metrics.

Profitability & Efficiency

PATH leads this category, winning 6 of 6 comparable metrics.

On the Piotroski fundamental quality scale (0–9), PATH scores 8/9 vs APPN's 6/9, reflecting strong financial health.

MetricPATH logoPATHUiPath Inc.APPN logoAPPNAppian Corporation
ROE (TTM)Return on equity+15.3%
ROA (TTM)Return on assets+10.0%-1.2%
ROICReturn on invested capital+3.9%+0.3%
ROCEReturn on capital employed+2.8%+0.2%
Piotroski ScoreFundamental quality 0–986
Debt / EquityFinancial leverage0.03x
Net DebtTotal debt minus cash-$800M$154M
Cash & Equiv.Liquid assets$871M$136M
Total DebtShort + long-term debt$71M$290M
Interest CoverageEBIT ÷ Interest expense0.85x
PATH leads this category, winning 6 of 6 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — PATH and APPN each lead in 3 of 6 comparable metrics.

A $10,000 investment in APPN five years ago would be worth $2,343 today (with dividends reinvested), compared to $1,515 for PATH. Over the past 12 months, PATH leads with a -11.2% total return vs APPN's -24.4%. The 3-year compound annual growth rate (CAGR) favors PATH at -7.8% vs APPN's -13.2% — a key indicator of consistent wealth creation.

MetricPATH logoPATHUiPath Inc.APPN logoAPPNAppian Corporation
YTD ReturnYear-to-date-33.9%-31.9%
1-Year ReturnPast 12 months-11.2%-24.4%
3-Year ReturnCumulative with dividends-21.7%-34.7%
5-Year ReturnCumulative with dividends-84.8%-76.6%
10-Year ReturnCumulative with dividends-84.8%+54.4%
CAGR (3Y)Annualised 3-year return-7.8%-13.2%
Evenly matched — PATH and APPN each lead in 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — PATH and APPN each lead in 1 of 2 comparable metrics.

APPN is the less volatile stock with a 0.81 beta — it tends to amplify market swings less than PATH's 1.34 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.

MetricPATH logoPATHUiPath Inc.APPN logoAPPNAppian Corporation
Beta (5Y)Sensitivity to S&P 5001.34x0.81x
52-Week HighHighest price in past year$19.84$46.06
52-Week LowLowest price in past year$9.28$19.79
% of 52W HighCurrent price vs 52-week peak+52.9%+50.3%
RSI (14)Momentum oscillator 0–10050.051.3
Avg Volume (50D)Average daily shares traded30.9M779K
Evenly matched — PATH and APPN each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates PATH as "Hold" and APPN as "Hold". Consensus price targets imply 50.7% upside for PATH (target: $16) vs 34.8% for APPN (target: $31).

MetricPATH logoPATHUiPath Inc.APPN logoAPPNAppian Corporation
Analyst RatingConsensus buy/hold/sellHoldHold
Price TargetConsensus 12-month target$15.82$31.25
# AnalystsCovering analysts2419
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises1
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+5.6%+1.2%
Insufficient data to determine a leader in this category.
Key Takeaway

PATH leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.

Best OverallUiPath Inc. (PATH)Leads 3 of 6 categories
Loading custom metrics...

PATH vs APPN: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is PATH or APPN a better buy right now?

For growth investors, Appian Corporation (APPN) is the stronger pick with 17.

8% revenue growth year-over-year, versus 12. 7% for UiPath Inc. (PATH). UiPath Inc. (PATH) offers the better valuation at 20. 2x trailing P/E (15. 6x forward), making it the more compelling value choice. Analysts rate UiPath Inc. (PATH) a "Hold" — based on 24 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — PATH or APPN?

On trailing P/E, UiPath Inc.

(PATH) is the cheapest at 20. 2x versus Appian Corporation at 1159. 0x. On forward P/E, UiPath Inc. is actually cheaper at 15. 6x.

03

Which is the better long-term investment — PATH or APPN?

Over the past 5 years, Appian Corporation (APPN) delivered a total return of -76.

6%, compared to -84. 8% for UiPath Inc. (PATH). Over 10 years, the gap is even starker: APPN returned +54. 4% versus PATH's -84. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — PATH or APPN?

By beta (market sensitivity over 5 years), Appian Corporation (APPN) is the lower-risk stock at 0.

81β versus UiPath Inc. 's 1. 34β — meaning PATH is approximately 65% more volatile than APPN relative to the S&P 500.

05

Which is growing faster — PATH or APPN?

By revenue growth (latest reported year), Appian Corporation (APPN) is pulling ahead at 17.

8% versus 12. 7% for UiPath Inc. (PATH). On earnings-per-share growth, the picture is similar: UiPath Inc. grew EPS 500. 0% year-over-year, compared to 101. 6% for Appian Corporation. Over a 3-year CAGR, APPN leads at 15. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — PATH or APPN?

UiPath Inc.

(PATH) is the more profitable company, earning 17. 5% net margin versus 0. 2% for Appian Corporation — meaning it keeps 17. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PATH leads at 3. 8% versus 0. 1% for APPN. At the gross margin level — before operating expenses — PATH leads at 83. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is PATH or APPN more undervalued right now?

On forward earnings alone, UiPath Inc.

(PATH) trades at 15. 6x forward P/E versus 26. 1x for Appian Corporation — 10. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PATH: 50. 7% to $15. 82.

08

Which pays a better dividend — PATH or APPN?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

09

Is PATH or APPN better for a retirement portfolio?

For long-horizon retirement investors, Appian Corporation (APPN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

81)). Both have compounded well over 10 years (APPN: +54. 4%, PATH: -84. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between PATH and APPN?

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: PATH is a small-cap quality compounder stock; APPN is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

PATH

Steady Growth Compounder

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Net Margin > 10%
Run This Screen
Stocks Like

APPN

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 10%
  • Gross Margin > 45%
Run This Screen
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Beat Both

Find stocks that outperform PATH and APPN on the metrics below

Revenue Growth>
%
(PATH: 13.6% · APPN: 21.4%)
P/E Ratio<
x
(PATH: 20.2x · APPN: 1159.0x)

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