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APi Group Corp（APG）与EPAM Systems（EPAM）财务数据对比。点击上方公司名可切换其他公司
APi Group Corp的季度营收约是EPAM Systems的1.5倍（$2.1B vs $1.4B），EPAM Systems净利率更高（7.8% vs 4.6%，领先3.2%），APi Group Corp同比增速更快（13.8% vs 12.8%），APi Group Corp自由现金流更多（$356.0M vs $268.1M），过去两年APi Group Corp的营收复合增速更高（15.0% vs 9.9%）
xAI是埃隆·马斯克2023年创立的美国科技企业，为航天企业SpaceX的全资子公司，业务覆盖人工智能、社交媒体领域，核心产品包括生成式AI聊天机器人Grok，以及2025年3月收购的社交媒体平台X。
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。
APG vs EPAM — 直观对比
营收规模更大
APG
是对方的1.5倍
$1.4B
营收增速更快
APG
高出1.0%
12.8%
净利率更高
EPAM
高出3.2%
4.6%
自由现金流更多
APG
多$87.9M
$268.1M
两年增速更快
APG
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $97.0M | $109.4M |
| 毛利率 | 32.0% | 30.1% |
| 营业利润率 | 7.7% | 10.6% |
| 净利率 | 4.6% | 7.8% |
| 营收同比 | 13.8% | 12.8% |
| 净利润同比 | 44.8% | 5.9% |
| 每股收益（稀释后） | $-1.16 | $1.97 |
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APGEPAM
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.6B | $1.2B |
净利润APGEPAM
| Q4 25 | $97.0M | $109.4M | ||
| Q3 25 | $93.0M | $106.8M | ||
| Q2 25 | $77.0M | $88.0M | ||
| Q1 25 | $35.0M | $73.5M | ||
| Q4 24 | $67.0M | $103.3M | ||
| Q3 24 | $69.0M | $136.3M | ||
| Q2 24 | $69.0M | $98.6M | ||
| Q1 24 | $45.0M | $116.2M |
毛利率APGEPAM
| Q4 25 | 32.0% | 30.1% | ||
| Q3 25 | 31.3% | 29.5% | ||
| Q2 25 | 30.9% | 28.8% | ||
| Q1 25 | 31.5% | 26.9% | ||
| Q4 24 | 30.9% | 30.4% | ||
| Q3 24 | 31.1% | 34.6% | ||
| Q2 24 | 31.4% | 29.3% | ||
| Q1 24 | 30.7% | 28.4% |
营业利润率APGEPAM
| Q4 25 | 7.7% | 10.6% | ||
| Q3 25 | 7.8% | 10.4% | ||
| Q2 25 | 7.2% | 9.3% | ||
| Q1 25 | 4.9% | 7.6% | ||
| Q4 24 | 6.2% | 10.9% | ||
| Q3 24 | 7.8% | 15.2% | ||
| Q2 24 | 7.3% | 10.5% | ||
| Q1 24 | 6.2% | 9.5% |
净利率APGEPAM
| Q4 25 | 4.6% | 7.8% | ||
| Q3 25 | 4.5% | 7.7% | ||
| Q2 25 | 3.9% | 6.5% | ||
| Q1 25 | 2.0% | 5.6% | ||
| Q4 24 | 3.6% | 8.3% | ||
| Q3 24 | 3.8% | 11.7% | ||
| Q2 24 | 4.0% | 8.6% | ||
| Q1 24 | 2.8% | 10.0% |
每股收益（稀释后）APGEPAM
| Q4 25 | $-1.16 | $1.97 | ||
| Q3 25 | $0.20 | $1.91 | ||
| Q2 25 | $0.16 | $1.56 | ||
| Q1 25 | $0.11 | $1.28 | ||
| Q4 24 | $0.05 | $1.80 | ||
| Q3 24 | $0.23 | $2.37 | ||
| Q2 24 | $0.22 | $1.70 | ||
| Q1 24 | $-1.34 | $1.97 |
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 | $912.0M | $1.3B |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $3.4B | $3.7B |
| 总资产 | $8.9B | $4.9B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资APGEPAM
| Q4 25 | $912.0M | $1.3B | ||
| Q3 25 | $555.0M | $1.2B | ||
| Q2 25 | $432.0M | $1.0B | ||
| Q1 25 | $460.0M | $1.2B | ||
| Q4 24 | $499.0M | $1.3B | ||
| Q3 24 | $487.0M | $2.1B | ||
| Q2 24 | $324.0M | $1.8B | ||
| Q1 24 | $247.0M | $2.0B |
总债务APGEPAM
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.7B | — |
股东权益APGEPAM
| Q4 25 | $3.4B | $3.7B | ||
| Q3 25 | $3.3B | $3.7B | ||
| Q2 25 | $3.2B | $3.7B | ||
| Q1 25 | $3.0B | $3.6B | ||
| Q4 24 | $3.0B | $3.6B | ||
| Q3 24 | $3.0B | $3.6B | ||
| Q2 24 | $2.8B | $3.4B | ||
| Q1 24 | $2.3B | $3.5B |
总资产APGEPAM
| Q4 25 | $8.9B | $4.9B | ||
| Q3 25 | $8.7B | $4.8B | ||
| Q2 25 | $8.5B | $4.7B | ||
| Q1 25 | $8.1B | $4.7B | ||
| Q4 24 | $8.2B | $4.8B | ||
| Q3 24 | $8.2B | $4.5B | ||
| Q2 24 | $8.0B | $4.2B | ||
| Q1 24 | $7.2B | $4.4B |
负债/权益比APGEPAM
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 0.96× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.19× | — |
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 | $382.0M | $282.9M |
| 自由现金流经营现金流 - 资本支出 | $356.0M | $268.1M |
| 自由现金流率自由现金流/营收 | 16.8% | 19.0% |
| 资本支出强度资本支出/营收 | 1.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 3.94× | 2.59× |
| 过去12个月自由现金流最近4个季度 | $663.0M | $612.7M |
8季度趋势，按日历期对齐
经营现金流APGEPAM
| Q4 25 | $382.0M | $282.9M | ||
| Q3 25 | $232.0M | $294.7M | ||
| Q2 25 | $83.0M | $53.2M | ||
| Q1 25 | $62.0M | $24.2M | ||
| Q4 24 | $283.0M | $130.3M | ||
| Q3 24 | $220.0M | $242.0M | ||
| Q2 24 | $110.0M | $57.0M | ||
| Q1 24 | $7.0M | $129.9M |
自由现金流APGEPAM
| Q4 25 | $356.0M | $268.1M | ||
| Q3 25 | $201.0M | $286.4M | ||
| Q2 25 | $56.0M | $43.4M | ||
| Q1 25 | $50.0M | $14.8M | ||
| Q4 24 | $265.0M | $114.5M | ||
| Q3 24 | $198.0M | $237.0M | ||
| Q2 24 | $88.0M | $52.3M | ||
| Q1 24 | $-15.0M | $123.2M |
自由现金流率APGEPAM
| Q4 25 | 16.8% | 19.0% | ||
| Q3 25 | 9.6% | 20.5% | ||
| Q2 25 | 2.8% | 3.2% | ||
| Q1 25 | 2.9% | 1.1% | ||
| Q4 24 | 14.2% | 9.2% | ||
| Q3 24 | 10.8% | 20.3% | ||
| Q2 24 | 5.1% | 4.6% | ||
| Q1 24 | -0.9% | 10.6% |
资本支出强度APGEPAM
| Q4 25 | 1.2% | 1.1% | ||
| Q3 25 | 1.5% | 0.6% | ||
| Q2 25 | 1.4% | 0.7% | ||
| Q1 25 | 0.7% | 0.7% | ||
| Q4 24 | 1.0% | 1.3% | ||
| Q3 24 | 1.2% | 0.4% | ||
| Q2 24 | 1.3% | 0.4% | ||
| Q1 24 | 1.4% | 0.6% |
现金转化率APGEPAM
| Q4 25 | 3.94× | 2.59× | ||
| Q3 25 | 2.49× | 2.76× | ||
| Q2 25 | 1.08× | 0.60× | ||
| Q1 25 | 1.77× | 0.33× | ||
| Q4 24 | 4.22× | 1.26× | ||
| Q3 24 | 3.19× | 1.77× | ||
| Q2 24 | 1.59× | 0.58× | ||
| Q1 24 | 0.16× | 1.12× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
