APPN vs SKKY vs PATH Stock Comparison

Appian, Skkynet Cloud Systems and UiPath Prices as of Oct 27, 2026 Peers: Industry group
APPN Appian Corp
$49.94 +38.7% 1M +60.7% 1Y
Market cap
$3.76B
P/E
–
Revenue (TTM)
$795.31M
Div. yield
–
Business Process Automation Technology
3 wins
PATH UiPath, Inc.
$14.07 +12.8% 1M -19.1% 1Y
Market cap
$7.32B
P/E
20.2x
Revenue (TTM)
$1.72B
Div. yield
–
Business Process Automation Technology
5 wins

Head to Head

10 decided of 12

UiPath leads on 5 of the 12 questions below (UiPath 5, Appian 3, Skkynet Cloud Systems 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPPNSKKYPATHLeader
Larger companyMarket capitalisation $3.76B $32.95M $7.32B PATH
Cheaper on earningsLower P/E, profitable companies only -354.4x -108.6x 20.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 44.6x — 18.5x PATH
Faster revenue growthRevenue growth, trailing twelve months +20.9% -7.4% +15.0% APPN
More profitableNet margin, trailing twelve months -1.3% -12.8% 21.0% PATH
Better return on capitalReturn on invested capital 6.5% -30.7% — APPN
Less leveragedLower net debt / EBITDA 3.4x 1.8x — SKKY
Higher dividend yieldTrailing dividend yield 0.00% — 0.00% –
Better 1-year returnPrice return, last 12 months +60.7% 0.0% -19.1% APPN
Better 5-year returnAnnualised price return, 5 years -12.5%/yr 0.0%/yr -22.8%/yr SKKY
Less volatileAnnualised volatility, 1 year 68.3% 179.2% 64.4% PATH
Higher overall scoreMean of the five percentile scores vs peers 52/100 32/100 77/100 PATH

Percentile Scorecard

APPNSKKYPATH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAPPNSKKYPATH
Valuation 38 #63 of 101 12 #89 of 101 78 #23 of 101
Growth 91 #10 of 97 2 #95 of 97 87 #14 of 97
Profitability 56 #42 of 94 28 #68 of 94 75 #24 of 94
Financial Health 32 #74 of 108 84 #18 of 108 89 #13 of 108
Shareholder Returns 43 #37 of 64 – 56 #29 of 64
Overall 52 32 77
  • APPN ranked among 114 companies in Business Applications
  • SKKY ranked among 114 companies in Business Applications
  • PATH ranked among 114 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAPPNSKKYPATHSPY
1 month +38.7%+37.8%+12.8% -0.2%
3 months +82.6%+24.0%+15.5% +3.9%
6 months +129.2%+113.8%+33.2% +8.2%
Year to date +41.0%+93.8%-14.2% +12.9%
1 year +60.7%0.0%-19.1% +12.3%
3 years +24.9%+77.1%-5.8% +87.4%
3 years, per year +7.7%+21.0%-2.0% +23.3%
5 years -48.7%0.0%-72.5% +67.9%
5 years, per year -12.5%0.0%-22.8% +10.9%

Risk

MeasureAPPNSKKYPATHSPY
Volatility, 1Y 68.3%179.2%64.4% 12.7%
Downside volatility, 1Y 59.7%275.1%65.8% 12.7%
Beta vs S&P 500, 1Y 0.50-0.271.05 1.00
Return / volatility, 1Y 0.890.00-0.30 0.97
Max drawdown, 5Y -81.9%-85.9%-83.7% -25.4%
From 52-week high -4.6%-17.3%-27.1% -1.2%
52-week high $52.35$0.75$19.29 $779.14
52-week low $18.72$0.21$9.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAPPNSKKYPATH
P/E now vs peer median -342.8xmedian 28.3x -108.6xmedian 28.3x 20.2xmedian 28.3x
P/S now vs peer median 4.5xmedian 2.8x 13.9xmedian 2.8x 3.7xmedian 2.8x
EV/EBITDA now vs peer median 180.4xmedian 17.3x -41.2xmedian 17.3x 17.3xmedian 17.3x
P/FCF now vs peer median 46.7xmedian 15.8x -2,757xmedian 15.8x 17.7xmedian 15.8x
P/B now vs peer median -34.1xmedian 3.2x 37.5xmedian 3.2x 3.3xmedian 3.2x
PEG now vs peer median -5.78median 0.85 1.57median 0.85 0.33median 0.85

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAPPNSKKYPATH
Revenue $795.31M $2.37M $1.72B
Gross profit $565.62M – $1.42B
Operating income $10.14M -$671.70K $152.95M
Net income -$10.62M -$303.29K $361.92M
Free cash flow $76.75M -$11.95K $362.96M
R&D $185.95M – $368.32M
EPS (diluted) $-0.15 $-0.01 $0.69
Cash & equivalents $121.11M $1.59M $607.41M
Total debt $236.03M $387.48K –
Shares (diluted) 72.90M 53.14M 523.01M
Enterprise value $3.01B $27.21M $1.86B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAPPNSKKYPATH
P/E -342.8x -108.6x 20.2x
P/FCF 46.7x -2,757x 17.7x
P/Operating cash flow 44.4x -2,757x 17.2x
P/S 4.5x 13.9x 3.7x
P/B -34.1x 37.5x 3.3x
P/Tangible book -33.9x 37.5x 3.5x
EV/EBITDA 180.4x -41.2x 17.3x
EV/EBIT 360.2x -47.0x 33.6x
EV/Revenue 4.6x 13.3x 3.0x
EV/FCF 47.6x -2,643x 14.2x
EV/Operating cash flow 45.2x -2,643x 13.8x
PEG (3Y EPS CAGR) -5.78 1.57 0.33

Growth

14 metrics
MetricAPPNSKKYPATH
Revenue growth (1Y) 20.9% -7.4% 15.0%
Revenue CAGR (3Y) 16.2% 0.2% 14.4%
Gross profit growth (1Y) 19.3% – 14.6%
Gross profit CAGR (3Y) 15.8% – 13.8%
Operating income growth (1Y) 172.8% -1,158% 430.0%
Operating income CAGR (3Y) 27.4% -78.5% 38.3%
Net income growth (1Y) 38.4% -379.8% 1,695%
Net income CAGR (3Y) 59.3% -72.7% 59.2%
EPS growth (1Y) 37.3% -413.4% 1,763%
EPS CAGR (3Y) 59.3% -69.4% 61.2%
Operating cash flow growth (1Y) 66.0% -105.0% 11.5%
Operating cash flow CAGR (3Y) 42.0% -27.3% 27.9%
Free cash flow growth (1Y) 66.9% -105.0% 17.2%
Free cash flow CAGR (3Y) 39.7% -27.3% 29.3%

Profitability

14 metrics
MetricAPPNSKKYPATH
Gross margin 71.1% – 82.6%
EBITDA margin 2.5% -32.3% 17.2%
Operating margin 1.3% -28.3% 8.9%
Pretax margin -0.7% -26.6% 12.3%
Net margin -1.3% -12.8% 21.0%
FCF margin 9.6% -0.5% 21.1%
Operating cash flow margin 10.2% -0.5% 21.7%
Return on equity – -35.4% 18.8%
Return on assets -1.8% -15.8% 12.5%
Return on invested capital 6.5% -30.7% –
Return on capital employed 5.3% -60.0% 7.3%
Asset turnover 1.3x 1.2x 0.6x
Cash conversion (OCF / net income) -7.6x 0.0x 1.0x
Stock comp / revenue 5.4% 9.4% 13.6%

Financial Health

11 metrics
MetricAPPNSKKYPATH
Debt / assets 40.3% 11.6% –
Debt / equity -2.2x 0.3x –
Net debt / EBITDA 3.4x 1.8x –
Debt / FCF 3.1x -18.5x –
Liabilities / assets 118.0% 53.7% 33.0%
Equity / assets -18.0% 46.3% 67.0%
Interest coverage 0.6x – –
Current ratio 1.0x 2.4x 2.4x
Quick ratio 0.8x 2.4x 2.1x
Cash ratio 0.4x 2.0x 1.6x
Altman Z-score 3.03 15.16 4.45

Shareholder Returns

7 metrics
MetricAPPNSKKYPATH
Dividend yield – – –
Net buyback yield 2.1% – 3.9%
Shareholder yield 2.1% – 3.9%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAPPNSKKYPATH
Forward P/E 44.6xFY2026 – 18.5xFY2026
EPS, next fiscal year $1.12FY2026 – $0.76FY2026
EPS growth, next FY +83.6%FY2026 – +5.6%FY2026
EPS growth, the year after +20.5% – +14.5%
Revenue, next fiscal year $897.68MFY2026 – $1.87BFY2026
Revenue growth, next FY +23.5%FY2026 – +16.3%FY2026
Revenue growth, the year after +12.0% – -3.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPPNSKKYPATH
Held by institutions 52.8% – 79.0%
Institutions holding 212 – 525
Change in shares held, QoQ -1.3% – +14.3%
Institutions buying 120 – 276
Institutions selling 52 – 169
Buyers to sellers 2.31 – 1.63

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

APPNSKKYPATH
APPN 1.00 0.06 0.56
SKKY 0.06 1.00 -0.02
PATH 0.56 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, APPN, SKKY and PATH?

UiPath (PATH) is the largest by market capitalisation: Appian (APPN) $3.76B, Skkynet Cloud Systems (SKKY) $32.95M, UiPath (PATH) $7.32B.

Which company is growing faster?

Appian (APPN) grew revenue fastest over the trailing twelve months: Appian (APPN) +20.9%, Skkynet Cloud Systems (SKKY) -7.4%, UiPath (PATH) +15.0%.

Which company is more profitable?

UiPath (PATH) has the highest net margin (Appian (APPN) -1.3%, Skkynet Cloud Systems (SKKY) -12.8%, UiPath (PATH) 21.0%). On return on invested capital, Appian (APPN) leads (Appian (APPN) 6.5%, Skkynet Cloud Systems (SKKY) -30.7%).

Which stock has performed better?

Over the past year Appian (APPN) returned the most: Appian (APPN) +60.7%, Skkynet Cloud Systems (SKKY) 0.0%, UiPath (PATH) -19.1%. Over five years, Skkynet Cloud Systems (SKKY) compounded fastest (Appian (APPN) -12.5%/yr, Skkynet Cloud Systems (SKKY) 0.0%/yr, UiPath (PATH) -22.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, UiPath (PATH) has been the steadiest (Appian (APPN) 68.3%, Skkynet Cloud Systems (SKKY) 179.2%, UiPath (PATH) 64.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, APPN, SKKY and PATH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, UiPath (PATH) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.