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美国艺电（EA）与EPAM Systems（EPAM）财务数据对比。点击上方公司名可切换其他公司
美国艺电的季度营收约是EPAM Systems的1.4倍（$1.9B vs $1.4B），EPAM Systems净利率更高（7.8% vs 4.6%，领先3.1%），EPAM Systems同比增速更快（12.8% vs 1.0%），过去两年EPAM Systems的营收复合增速更高（9.9% vs 3.4%）
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
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。
EA vs EPAM — 直观对比
营收规模更大
EA
是对方的1.4倍
$1.4B
营收增速更快
EPAM
高出11.8%
1.0%
净利率更高
EPAM
高出3.1%
4.6%
两年增速更快
EPAM
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.4B |
| 净利润 | $88.0M | $109.4M |
| 毛利率 | 73.8% | 30.1% |
| 营业利润率 | 6.7% | 10.6% |
| 净利率 | 4.6% | 7.8% |
| 营收同比 | 1.0% | 12.8% |
| 净利润同比 | -70.0% | 5.9% |
| 每股收益（稀释后） | $0.35 | $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EAEPAM
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.8B | $1.2B |
净利润EAEPAM
| Q4 25 | $88.0M | $109.4M | ||
| Q3 25 | $137.0M | $106.8M | ||
| Q2 25 | $201.0M | $88.0M | ||
| Q1 25 | $254.0M | $73.5M | ||
| Q4 24 | $293.0M | $103.3M | ||
| Q3 24 | $294.0M | $136.3M | ||
| Q2 24 | $280.0M | $98.6M | ||
| Q1 24 | $182.0M | $116.2M |
毛利率EAEPAM
| Q4 25 | 73.8% | 30.1% | ||
| Q3 25 | 75.9% | 29.5% | ||
| Q2 25 | 83.3% | 28.8% | ||
| Q1 25 | 80.6% | 26.9% | ||
| Q4 24 | 75.8% | 30.4% | ||
| Q3 24 | 77.5% | 34.6% | ||
| Q2 24 | 84.2% | 29.3% | ||
| Q1 24 | 79.9% | 28.4% |
营业利润率EAEPAM
| Q4 25 | 6.7% | 10.6% | ||
| Q3 25 | 10.9% | 10.4% | ||
| Q2 25 | 16.2% | 9.3% | ||
| Q1 25 | 20.8% | 7.6% | ||
| Q4 24 | 20.0% | 10.9% | ||
| Q3 24 | 19.0% | 15.2% | ||
| Q2 24 | 21.9% | 10.5% | ||
| Q1 24 | 13.2% | 9.5% |
净利率EAEPAM
| Q4 25 | 4.6% | 7.8% | ||
| Q3 25 | 7.4% | 7.7% | ||
| Q2 25 | 12.0% | 6.5% | ||
| Q1 25 | 13.4% | 5.6% | ||
| Q4 24 | 15.6% | 8.3% | ||
| Q3 24 | 14.5% | 11.7% | ||
| Q2 24 | 16.9% | 8.6% | ||
| Q1 24 | 10.2% | 10.0% |
每股收益（稀释后）EAEPAM
| Q4 25 | $0.35 | $1.97 | ||
| Q3 25 | $0.54 | $1.91 | ||
| Q2 25 | $0.79 | $1.56 | ||
| Q1 25 | $0.99 | $1.28 | ||
| Q4 24 | $1.11 | $1.80 | ||
| Q3 24 | $1.11 | $2.37 | ||
| Q2 24 | $1.04 | $1.70 | ||
| Q1 24 | $0.67 | $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 | $2.8B | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $3.7B |
| 总资产 | $13.3B | $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EAEPAM
| Q4 25 | $2.8B | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.4B | $1.8B | ||
| Q1 24 | $2.9B | $2.0B |
股东权益EAEPAM
| Q4 25 | $6.2B | $3.7B | ||
| Q3 25 | $6.0B | $3.7B | ||
| Q2 25 | $6.1B | $3.7B | ||
| Q1 25 | $6.4B | $3.6B | ||
| Q4 24 | $7.4B | $3.6B | ||
| Q3 24 | $7.4B | $3.6B | ||
| Q2 24 | $7.4B | $3.4B | ||
| Q1 24 | $7.5B | $3.5B |
总资产EAEPAM
| Q4 25 | $13.3B | $4.9B | ||
| Q3 25 | $11.9B | $4.8B | ||
| Q2 25 | $11.7B | $4.7B | ||
| Q1 25 | $12.4B | $4.7B | ||
| Q4 24 | $13.5B | $4.8B | ||
| Q3 24 | $13.1B | $4.5B | ||
| Q2 24 | $12.7B | $4.2B | ||
| Q1 24 | $13.4B | $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 | $1.8B | $282.9M |
| 自由现金流经营现金流 - 资本支出 | — | $268.1M |
| 自由现金流率自由现金流/营收 | — | 19.0% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 20.75× | 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EAEPAM
| Q4 25 | $1.8B | $282.9M | ||
| Q3 25 | $130.0M | $294.7M | ||
| Q2 25 | $17.0M | $53.2M | ||
| Q1 25 | $549.0M | $24.2M | ||
| Q4 24 | $1.2B | $130.3M | ||
| Q3 24 | $234.0M | $242.0M | ||
| Q2 24 | $120.0M | $57.0M | ||
| Q1 24 | $580.0M | $129.9M |
自由现金流EAEPAM
| 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 | — | $123.2M |
自由现金流率EAEPAM
| 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 | — | 10.6% |
资本支出强度EAEPAM
| 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 | — | 0.6% |
现金转化率EAEPAM
| Q4 25 | 20.75× | 2.59× | ||
| Q3 25 | 0.95× | 2.76× | ||
| Q2 25 | 0.08× | 0.60× | ||
| Q1 25 | 2.16× | 0.33× | ||
| Q4 24 | 4.01× | 1.26× | ||
| Q3 24 | 0.80× | 1.77× | ||
| Q2 24 | 0.43× | 0.58× | ||
| Q1 24 | 3.19× | 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
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
EPAM
暂无分部数据
