In today’s fast-evolving tech landscape, Rubrik, Inc. and UiPath Inc. stand out as leaders in software infrastructure with distinct but overlapping innovation strategies. Rubrik focuses on advanced data security and cloud protection, while UiPath pioneers robotic process automation powered by AI. Both companies drive digital transformation across multiple industries. This article will explore their strengths and risks to help you identify the most compelling investment opportunity in 2026.
Table of contents
Companies Overview
I will begin the comparison between Rubrik and UiPath by providing an overview of these two companies and their main differences.
Rubrik Overview
Rubrik, Inc. focuses on providing data security solutions globally, including enterprise data protection, cloud data protection, and cyber recovery services. The company targets diverse sectors such as financial, retail, healthcare, and public sectors. Founded in 2013 and headquartered in Palo Alto, California, Rubrik positions itself as a key player in the software infrastructure industry with a market cap of approximately 13.4B USD.
UiPath Overview
UiPath Inc. offers an end-to-end robotic process automation platform that integrates AI and low-code environments to help businesses automate workflows. Serving banking, healthcare, financial services, and government sectors, UiPath was founded in 2005 and is based in New York City. The company’s market cap stands near 7.7B USD, reflecting its significant presence in the software infrastructure sector, particularly in the US, Romania, and Japan.
Key similarities and differences
Both companies operate within the software infrastructure industry, focusing on automation and data management solutions aimed at enterprise clients across multiple sectors. While Rubrik specializes in data security and protection, UiPath concentrates on robotic process automation combining AI and user-friendly tools. Additionally, Rubrik has a lower beta indicating less stock volatility compared to UiPath, suggesting differing risk profiles for investors.
Income Statement Comparison
The table below provides a side-by-side comparison of the latest fiscal year income statement metrics for Rubrik, Inc. and UiPath Inc., highlighting key financial figures.
| Metric | Rubrik, Inc. (RBRK) | UiPath Inc. (PATH) |
|---|---|---|
| Market Cap | 13.4B | 7.7B |
| Revenue | 887M | 1.43B |
| EBITDA | -1.08B | -145M |
| EBIT | -1.11B | -163M |
| Net Income | -1.15B | -74M |
| EPS | -7.48 | -0.13 |
| Fiscal Year | 2025 | 2025 |
Income Statement Interpretations
Rubrik, Inc.
Rubrik, Inc. showed strong revenue growth of 41.2% in the latest fiscal year, continuing an overall 128.6% increase since 2021. However, net income remained deeply negative, with a net margin of -130.3%, reflecting significant losses. Gross margin improved to 70.0%, but operating expenses grew proportionally, worsening EBIT and net income margins in 2025.
UiPath Inc.
UiPath experienced steady revenue growth of 9.3% in 2025 and a total 135.3% increase since 2021. Gross margin was high at 82.7%, with net margin losses narrowing to -5.15%, signaling improved profitability. Operating expenses grew moderately, supporting neutral EBIT growth and favorable net margin and EPS improvements in the latest year.
Which one has the stronger fundamentals?
UiPath maintains stronger fundamentals with higher gross margins, smaller net losses, and positive trends in net income and EPS growth. Rubrik’s rapid revenue growth is offset by heavy losses and worsening profitability metrics. Overall, UiPath’s income statement reflects more favorable and sustainable financial performance compared to Rubrik’s predominantly unfavorable results.
Financial Ratios Comparison
Below is a comparison of key financial ratios for Rubrik, Inc. and UiPath Inc. based on their most recent full fiscal year data.
| Ratios | Rubrik, Inc. (RBRK) | UiPath Inc. (PATH) |
|---|---|---|
| ROE | 2.09% | -3.99% |
| ROIC | -2.35% | -7.41% |
| P/E | -9.79 | -108.04 |
| P/B | -20.42 | 4.31 |
| Current Ratio | 1.13 | 2.93 |
| Quick Ratio | 1.13 | 2.93 |
| D/E | -0.63 | 0.04 |
| Debt-to-Assets | 24.65% | 2.72% |
| Interest Coverage | -27.49 | 0 (not available) |
| Asset Turnover | 0.62 | 0.50 |
| Fixed Asset Turnover | 16.67 | 14.41 |
| Payout ratio | 0 | 0 |
| Dividend yield | 0% | 0% |
Interpretation of the Ratios
Rubrik, Inc.
Rubrik shows a mixed ratio profile with 57.14% favorable metrics, including a strong return on equity (208.55%) and low debt-to-equity (-0.63) indicating financial strength. However, concerns arise from a negative net margin (-130.26%) and poor interest coverage (-26.84). The company does not pay dividends, likely reflecting reinvestment in growth and innovation phases.
UiPath Inc.
UiPath presents a more cautious ratio picture with 50% unfavorable ratios and a slightly unfavorable overall opinion. The company’s current and quick ratios (2.93) suggest solid liquidity, but negative returns on equity (-3.99%) and low asset turnover (0.5) highlight operational weaknesses. UiPath also pays no dividends, focusing on reinvestment and scaling its automation platform.
Which one has the best ratios?
Rubrik holds an edge with a predominantly favorable ratio evaluation and exceptional return on equity, despite profitability challenges. UiPath, while maintaining good liquidity, exhibits more unfavorable ratios and weaker returns. Overall, Rubrik’s financial ratios appear stronger, though both companies face notable risks and no dividend payouts.
Strategic Positioning
This section compares the strategic positioning of Rubrik, Inc. and UiPath Inc. regarding market position, key segments, and exposure to technological disruption:
Rubrik, Inc.
- Positioned in data security software with low beta, facing moderate competitive pressure in infrastructure software.
- Focuses on data protection, cloud security, and cyber recovery across diverse sectors including finance and healthcare.
- Exposure includes evolving cybersecurity threats, with emphasis on data threat analytics and cloud protection.
UiPath Inc.
- Positioned in robotic process automation with higher beta, competing intensively in software infrastructure.
- Concentrates on end-to-end automation and RPA, serving banking, healthcare, and government sectors primarily.
- Faces disruption from AI and automation technology advances integrated into its RPA platform.
Rubrik, Inc. vs UiPath Inc. Positioning
Rubrik adopts a diversified approach across multiple sectors with broad data protection services, while UiPath concentrates on automation software with a specialized platform. Rubrik’s diversification may reduce sector risk, whereas UiPath’s focus could enable deeper innovation in automation.
Which has the best competitive advantage?
Both companies are currently shedding value, but UiPath shows a slightly improving profitability trend, whereas Rubrik’s profitability is declining sharply, indicating UiPath holds a comparatively stronger competitive advantage based on MOAT evaluation.
Stock Comparison
The stock price dynamics over the past 12 months reveal significant divergence: Rubrik, Inc. (RBRK) shows a strong upward movement with decelerating momentum, while UiPath Inc. (PATH) experiences a sustained decline accompanied by accelerating bearish pressure.
Trend Analysis
Rubrik, Inc. (RBRK) registered a 76.58% price increase over the past year, signaling a bullish trend with deceleration in momentum. The stock ranged from a low of 28.65 to a high of 97.91, with significant volatility indicated by a 21.4 std deviation.
UiPath Inc. (PATH) recorded a -38.53% price change in the same period, confirming a bearish trend with acceleration. Price fluctuated between 10.04 and 23.66, demonstrating lower volatility with a 3.33 std deviation.
Comparing the two, Rubrik’s stock delivered the highest market performance, outperforming UiPath by over 115 percentage points in price appreciation over the last 12 months.
Target Prices
Here is the current consensus on target prices for Rubrik, Inc. and UiPath Inc. based on verified analyst data.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| Rubrik, Inc. | 113 | 105 | 109.33 |
| UiPath Inc. | 19 | 14 | 16.6 |
Analysts expect Rubrik shares to appreciate significantly from the current price of $67.1, while UiPath’s consensus target of $16.6 suggests moderate upside from its current price of $14.34. This indicates generally positive sentiment for both stocks.
Analyst Opinions Comparison
This section compares analysts’ ratings and grades for Rubrik, Inc. and UiPath Inc.:
Rating Comparison
Rubrik, Inc. Rating
- Rating: C, classified as Very Favorable
- Discounted Cash Flow Score: 1, Very Unfavorable
- ROE Score: 5, Very Favorable
- ROA Score: 1, Very Unfavorable
- Debt To Equity Score: 1, Very Unfavorable
- Overall Score: 2, Moderate
UiPath Inc. Rating
- Rating: B+, classified as Very Favorable
- Discounted Cash Flow Score: 3, Moderate
- ROE Score: 4, Favorable
- ROA Score: 4, Favorable
- Debt To Equity Score: 4, Favorable
- Overall Score: 3, Moderate
Which one is the best rated?
UiPath Inc. holds a higher overall rating (B+) and scores more favorably across discounted cash flow, ROE, ROA, and debt to equity metrics compared to Rubrik, Inc., indicating it is better rated based on the available data.
Scores Comparison
Here is a comparison of the Altman Z-Score and Piotroski Score for Rubrik, Inc. and UiPath Inc.:
RBRK Scores
- Altman Z-Score: 1.41, indicating a distress zone risk
- Piotroski Score: 4, reflecting an average financial strength
PATH Scores
- Altman Z-Score: 5.27, indicating a safe zone risk
- Piotroski Score: 7, reflecting strong financial strength
Which company has the best scores?
Based on the provided data, PATH shows stronger financial health with a safe zone Altman Z-Score and a strong Piotroski Score. RBRK’s scores indicate financial distress and average strength, making PATH’s scores clearly better.
Grades Comparison
Here is a detailed comparison of the latest grades assigned to Rubrik, Inc. and UiPath Inc.:
Rubrik, Inc. Grades
The table below summarizes recent grades from reputable grading companies for Rubrik, Inc.:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Keybanc | Maintain | Overweight | 2026-01-12 |
| Piper Sandler | Maintain | Overweight | 2026-01-05 |
| Citigroup | Maintain | Buy | 2025-12-08 |
| Piper Sandler | Maintain | Overweight | 2025-12-05 |
| Baird | Maintain | Outperform | 2025-12-05 |
| William Blair | Upgrade | Outperform | 2025-12-05 |
| Keybanc | Maintain | Overweight | 2025-12-05 |
| Wedbush | Maintain | Outperform | 2025-12-05 |
| BMO Capital | Maintain | Outperform | 2025-12-05 |
| Rosenblatt | Maintain | Buy | 2025-12-05 |
The overall trend for Rubrik, Inc. shows consistent positive grades, predominantly “Overweight,” “Outperform,” and “Buy,” with a recent upgrade by William Blair.
UiPath Inc. Grades
The table below presents recent grades from reputable grading companies for UiPath Inc.:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Barclays | Maintain | Equal Weight | 2026-01-12 |
| RBC Capital | Maintain | Sector Perform | 2026-01-05 |
| RBC Capital | Maintain | Sector Perform | 2025-12-10 |
| Morgan Stanley | Maintain | Equal Weight | 2025-12-09 |
| DA Davidson | Maintain | Neutral | 2025-12-05 |
| Canaccord Genuity | Maintain | Buy | 2025-12-04 |
| Mizuho | Maintain | Neutral | 2025-12-04 |
| RBC Capital | Maintain | Sector Perform | 2025-12-04 |
| Wells Fargo | Maintain | Equal Weight | 2025-12-04 |
| Evercore ISI Group | Maintain | In Line | 2025-12-04 |
UiPath Inc. grades generally range from “Neutral” to “Sector Perform” and “Equal Weight,” with a single “Buy” rating from Canaccord Genuity.
Which company has the best grades?
Rubrik, Inc. has received stronger and more positive grades overall, with multiple “Buy,” “Overweight,” and “Outperform” ratings, indicating higher analyst confidence. UiPath Inc.’s grades are more moderate, clustered around “Hold” or “Neutral” levels. This divergence may influence investor perceptions of potential growth and risk profiles between the two companies.
Strengths and Weaknesses
Below is a comparison of key strengths and weaknesses between Rubrik, Inc. (RBRK) and UiPath Inc. (PATH) based on the most recent financial and operational data available.
| Criterion | Rubrik, Inc. (RBRK) | UiPath Inc. (PATH) |
|---|---|---|
| Diversification | Revenue mainly from Subscription (828M), limited product/service mix | Balanced revenue streams: Subscription (802M), License (587M), Services (71M) |
| Profitability | Negative net margin (-130%), ROIC very unfavorable (-235%) | Negative net margin (-5%), ROIC unfavorable (-7%), but improving ROIC trend |
| Innovation | Moderate, with solid ROE (209%) but declining profitability | Growing ROIC trend indicates improving innovation impact |
| Global presence | Solid, but financial strain impacts expansion potential | Strong global footprint supported by diversified revenue |
| Market Share | Challenged by value destruction and declining ROIC | Slightly unfavorable moat but growing profitability suggests market share gains |
Key takeaways: Rubrik shows strong ROE but struggles with profitability and value creation, indicating operational challenges. UiPath is shedding value but improving its profitability trend, supported by diversified revenue streams and a growing economic moat. Caution is advised for both, with UiPath showing more promising recovery potential.
Risk Analysis
Below is a comparative table of key risks for Rubrik, Inc. (RBRK) and UiPath Inc. (PATH) based on the most recent 2025 data:
| Metric | Rubrik, Inc. (RBRK) | UiPath Inc. (PATH) |
|---|---|---|
| Market Risk | Low beta (0.28) signals lower volatility but tech sector exposure remains | Moderate beta (1.08), higher sensitivity to market swings |
| Debt level | Moderate, debt-to-assets 24.65%, favorable leverage | Low, debt-to-assets 2.72%, strong balance sheet |
| Regulatory Risk | Moderate, operates in data security with evolving cyber laws | Moderate, automation software subject to compliance changes |
| Operational Risk | Moderate, negative net margin and interest coverage raise concerns | Moderate, negative profitability but strong liquidity and operational efficiency |
| Environmental Risk | Low, minimal direct environmental impact | Low, primarily software with limited environmental footprint |
| Geopolitical Risk | Moderate, global clientele but US-based with potential trade impacts | Moderate, operations in US, Romania, Japan with varying geopolitical climates |
Rubrik faces significant operational and financial risks, including negative profitability and distress-level Altman Z-score, signaling caution. UiPath shows better financial health and lower debt risk but remains vulnerable to market volatility and regulatory shifts in automation technology. Investors should weigh Rubrik’s growth potential against its financial distress and consider UiPath’s steadier profile with moderate market sensitivity.
Which Stock to Choose?
Rubrik, Inc. (RBRK) shows a favorable growth in revenue (+41.2% in one year, +128.6% over five years) but faces challenges with profitability, indicated by a negative net margin (-130.3%) and declining EBIT growth (-272.6%). Its financial ratios are overall favorable (57.1%), with strong ROE (208.6%) and low debt, yet the company is value-destructive with a very unfavorable MOAT and average financial health scores, including a distress-zone Altman Z-Score.
UiPath Inc. (PATH) demonstrates consistent revenue growth (+9.3% last year, +135.3% over five years) with better profitability trends, reflected by a smaller negative net margin (-5.2%) and positive net margin growth (+25%). Its financial ratios are slightly unfavorable (42.9% favorable), with moderate leverage and strong liquidity. PATH’s MOAT is slightly unfavorable but improving, and it scores well on financial health with a safe-zone Altman Z-Score and strong Piotroski score.
Considering ratings and overall financial evaluations, PATH could appear more stable with improving profitability and financial health, while RBRK shows high revenue growth yet struggles with profitability and value creation. Investors with a risk-tolerant profile seeking potential growth might find RBRK’s dynamic revenue appealing, whereas those favoring financial stability and gradual improvement might view PATH more favorably.
Disclaimer: Investment carries a risk of loss of initial capital. The past performance is not a reliable indicator of future results. Be sure to understand risks before making an investment decision.
Go Further
I encourage you to read the complete analyses of Rubrik, Inc. and UiPath Inc. to enhance your investment decisions:
