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西联汇款（AFG）与EPAM Systems（EPAM）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是EPAM Systems的1.5倍（$2.1B vs $1.4B），西联汇款净利率更高（14.5% vs 5.9%，领先8.6%），EPAM Systems同比增速更快（7.6% vs -4.0%），过去两年EPAM Systems的营收复合增速更高（10.5% vs 4.0%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
EPAM Systems是总部位于美国宾夕法尼亚州纽敦的企业，核心业务涵盖软件工程服务、数字平台研发、数字产品设计三大板块，同时是MACH联盟的创始成员，在全球数字化服务赛道拥有深厚的技术积累与行业认可度。
AFG vs EPAM — 直观对比
营收规模更大
AFG
是对方的1.5倍
$1.4B
营收增速更快
EPAM
高出11.6%
-4.0%
净利率更高
AFG
高出8.6%
5.9%
两年增速更快
EPAM
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $299.0M | $82.5M |
| 毛利率 | — | — |
| 营业利润率 | 18.4% | 8.3% |
| 净利率 | 14.5% | 5.9% |
| 营收同比 | -4.0% | 7.6% |
| 净利润同比 | 17.3% | 12.3% |
| 每股收益（稀释后） | $3.59 | $1.52 |
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AFGEPAM
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $1.9B | $1.1B |
净利润AFGEPAM
| Q1 26 | — | $82.5M | ||
| Q4 25 | $299.0M | $109.4M | ||
| Q3 25 | $215.0M | $106.8M | ||
| Q2 25 | $174.0M | $88.0M | ||
| Q1 25 | $154.0M | $73.5M | ||
| Q4 24 | $255.0M | $103.3M | ||
| Q3 24 | $181.0M | $136.3M | ||
| Q2 24 | $209.0M | $98.6M |
毛利率AFGEPAM
| Q1 26 | — | — | ||
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 34.6% | ||
| Q2 24 | — | 29.3% |
营业利润率AFGEPAM
| Q1 26 | — | 8.3% | ||
| Q4 25 | 18.4% | 10.6% | ||
| Q3 25 | 11.5% | 10.4% | ||
| Q2 25 | 11.9% | 9.3% | ||
| Q1 25 | 10.6% | 7.6% | ||
| Q4 24 | 14.9% | 10.9% | ||
| Q3 24 | 9.7% | 15.2% | ||
| Q2 24 | 14.3% | 10.5% |
净利率AFGEPAM
| Q1 26 | — | 5.9% | ||
| Q4 25 | 14.5% | 7.8% | ||
| Q3 25 | 9.2% | 7.7% | ||
| Q2 25 | 9.0% | 6.5% | ||
| Q1 25 | 8.3% | 5.6% | ||
| Q4 24 | 11.9% | 8.3% | ||
| Q3 24 | 7.6% | 11.7% | ||
| Q2 24 | 11.0% | 8.6% |
每股收益（稀释后）AFGEPAM
| Q1 26 | — | $1.52 | ||
| Q4 25 | $3.59 | $1.97 | ||
| Q3 25 | $2.58 | $1.91 | ||
| Q2 25 | $2.07 | $1.56 | ||
| Q1 25 | $1.84 | $1.28 | ||
| Q4 24 | $3.03 | $1.80 | ||
| Q3 24 | $2.16 | $2.37 | ||
| Q2 24 | $2.49 | $1.70 |
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 | $1.7B | $1.0B |
| 总债务越低越好 | $1.8B | $165.0M |
| 股东权益账面价值 | $4.8B | $3.4B |
| 总资产 | $32.6B | $4.7B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AFGEPAM
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.1B | $1.8B |
总债务AFGEPAM
| Q1 26 | — | $165.0M | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
股东权益AFGEPAM
| Q1 26 | — | $3.4B | ||
| Q4 25 | $4.8B | $3.7B | ||
| Q3 25 | $4.7B | $3.7B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $4.4B | $3.6B | ||
| Q4 24 | $4.5B | $3.6B | ||
| Q3 24 | $4.7B | $3.6B | ||
| Q2 24 | $4.4B | $3.4B |
总资产AFGEPAM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $32.6B | $4.9B | ||
| Q3 25 | $33.8B | $4.8B | ||
| Q2 25 | $30.7B | $4.7B | ||
| Q1 25 | $30.3B | $4.7B | ||
| Q4 24 | $30.8B | $4.8B | ||
| Q3 24 | $32.6B | $4.5B | ||
| Q2 24 | $29.9B | $4.2B |
负债/权益比AFGEPAM
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — |
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 | $784.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.62× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AFGEPAM
| Q1 26 | — | — | ||
| Q4 25 | $784.0M | $282.9M | ||
| Q3 25 | $216.0M | $294.7M | ||
| Q2 25 | $191.0M | $53.2M | ||
| Q1 25 | $342.0M | $24.2M | ||
| Q4 24 | $674.0M | $130.3M | ||
| Q3 24 | $459.0M | $242.0M | ||
| Q2 24 | $-88.0M | $57.0M |
自由现金流AFGEPAM
| Q1 26 | — | — | ||
| Q4 25 | — | $268.1M | ||
| Q3 25 | — | $286.4M | ||
| Q2 25 | — | $43.4M | ||
| Q1 25 | — | $14.8M | ||
| Q4 24 | — | $114.5M | ||
| Q3 24 | — | $237.0M | ||
| Q2 24 | — | $52.3M |
自由现金流率AFGEPAM
| Q1 26 | — | — | ||
| Q4 25 | — | 19.0% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 4.6% |
资本支出强度AFGEPAM
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% |
现金转化率AFGEPAM
| Q1 26 | — | — | ||
| Q4 25 | 2.62× | 2.59× | ||
| Q3 25 | 1.00× | 2.76× | ||
| Q2 25 | 1.10× | 0.60× | ||
| Q1 25 | 2.22× | 0.33× | ||
| Q4 24 | 2.64× | 1.26× | ||
| Q3 24 | 2.54× | 1.77× | ||
| Q2 24 | -0.42× | 0.58× |
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
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
EPAM
暂无分部数据
