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亚玛芬体育（AS）与EPAM Systems（EPAM）财务数据对比。点击上方公司名可切换其他公司
EPAM Systems的季度营收约是亚玛芬体育的1.3倍（$1.4B vs $1.1B），EPAM Systems净利率更高（7.8% vs 1.8%，领先6.0%），EPAM Systems自由现金流更多（$268.1M vs $92.2M）
亚玛芬体育是芬兰跨国运动装备企业，总部位于赫尔辛基，成立于1950年。早年为涉足烟草贸易、航运、出版等领域的多元化工业集团，后逐步转型专注于体育用品的生产与营销，现有员工超9700人，2018年起成为中国安踏体育旗下子公司。
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。
AS vs EPAM — 直观对比
营收规模更大
EPAM
是对方的1.3倍
$1.1B
净利率更高
EPAM
高出6.0%
1.8%
自由现金流更多
EPAM
多$175.9M
$92.2M
损益表 — Q1 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $19.0M | $109.4M |
| 毛利率 | 52.8% | 30.1% |
| 营业利润率 | 12.4% | 10.6% |
| 净利率 | 1.8% | 7.8% |
| 营收同比 | — | 12.8% |
| 净利润同比 | — | 5.9% |
| 每股收益（稀释后） | $0.05 | $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ASEPAM
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $1.1B | $1.2B |
净利润ASEPAM
| Q4 25 | — | $109.4M | ||
| Q3 25 | — | $106.8M | ||
| Q2 25 | — | $88.0M | ||
| Q1 25 | — | $73.5M | ||
| Q4 24 | — | $103.3M | ||
| Q3 24 | — | $136.3M | ||
| Q2 24 | — | $98.6M | ||
| Q1 24 | $19.0M | $116.2M |
毛利率ASEPAM
| 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% | ||
| Q1 24 | 52.8% | 28.4% |
营业利润率ASEPAM
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | 12.4% | 9.5% |
净利率ASEPAM
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 8.6% | ||
| Q1 24 | 1.8% | 10.0% |
每股收益（稀释后）ASEPAM
| Q4 25 | — | $1.97 | ||
| Q3 25 | — | $1.91 | ||
| Q2 25 | — | $1.56 | ||
| Q1 25 | — | $1.28 | ||
| Q4 24 | — | $1.80 | ||
| Q3 24 | — | $2.37 | ||
| Q2 24 | — | $1.70 | ||
| Q1 24 | $0.05 | $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 | — | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.7B |
| 总资产 | — | $4.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASEPAM
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $2.0B |
股东权益ASEPAM
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.5B |
总资产ASEPAM
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.4B |
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 | $114.3M | $282.9M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | $268.1M |
| 自由现金流率自由现金流/营收 | 8.8% | 19.0% |
| 资本支出强度资本支出/营收 | 2.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 6.02× | 2.59× |
| 过去12个月自由现金流最近4个季度 | — | $612.7M |
8季度趋势，按日历期对齐
经营现金流ASEPAM
| Q4 25 | — | $282.9M | ||
| Q3 25 | — | $294.7M | ||
| Q2 25 | — | $53.2M | ||
| Q1 25 | — | $24.2M | ||
| Q4 24 | — | $130.3M | ||
| Q3 24 | — | $242.0M | ||
| Q2 24 | — | $57.0M | ||
| Q1 24 | $114.3M | $129.9M |
自由现金流ASEPAM
| 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 | ||
| Q1 24 | $92.2M | $123.2M |
自由现金流率ASEPAM
| 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% | ||
| Q1 24 | 8.8% | 10.6% |
资本支出强度ASEPAM
| 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% | ||
| Q1 24 | 2.1% | 0.6% |
现金转化率ASEPAM
| Q4 25 | — | 2.59× | ||
| Q3 25 | — | 2.76× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | 1.77× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | 6.02× | 1.12× |
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
AS
| Americas2 | $409.6M | 39% |
| EMEA1 | $356.9M | 34% |
| Greater China3 | $205.6M | 20% |
| Asia Pacific4 | $78.2M | 7% |
EPAM
暂无分部数据
