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EPAM Systems（EPAM）与Fastenal（FAST）财务数据对比。点击上方公司名可切换其他公司
Fastenal的季度营收约是EPAM Systems的1.4倍（$2.0B vs $1.4B），Fastenal净利率更高（14.5% vs 7.8%，领先6.7%），EPAM Systems同比增速更快（12.8% vs 3.5%），Fastenal自由现金流更多（$308.2M vs $268.1M），过去两年EPAM Systems的营收复合增速更高（9.9% vs 2.9%）
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。
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
EPAM vs FAST — 直观对比
营收规模更大
FAST
是对方的1.4倍
$1.4B
营收增速更快
EPAM
高出9.3%
3.5%
净利率更高
FAST
高出6.7%
7.8%
自由现金流更多
FAST
多$40.1M
$268.1M
两年增速更快
EPAM
近两年复合增速
2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.0B |
| 净利润 | $109.4M | $293.9M |
| 毛利率 | 30.1% | 44.3% |
| 营业利润率 | 10.6% | 18.9% |
| 净利率 | 7.8% | 14.5% |
| 营收同比 | 12.8% | 3.5% |
| 净利润同比 | 5.9% | -1.6% |
| 每股收益（稀释后） | $1.97 | $-0.01 |
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EPAMFAST
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.1B | $1.9B |
净利润EPAMFAST
| Q1 26 | — | $293.9M | ||
| Q4 25 | $109.4M | $293.9M | ||
| Q3 25 | $106.8M | $335.5M | ||
| Q2 25 | $88.0M | $330.3M | ||
| Q1 25 | $73.5M | $298.7M | ||
| Q4 24 | $103.3M | $262.1M | ||
| Q3 24 | $136.3M | $298.1M | ||
| Q2 24 | $98.6M | $292.7M |
毛利率EPAMFAST
| Q1 26 | — | 44.3% | ||
| Q4 25 | 30.1% | 44.3% | ||
| Q3 25 | 29.5% | 45.3% | ||
| Q2 25 | 28.8% | 45.3% | ||
| Q1 25 | 26.9% | 45.1% | ||
| Q4 24 | 30.4% | 44.8% | ||
| Q3 24 | 34.6% | 44.9% | ||
| Q2 24 | 29.3% | 45.1% |
营业利润率EPAMFAST
| Q1 26 | — | 18.9% | ||
| Q4 25 | 10.6% | 18.9% | ||
| Q3 25 | 10.4% | 20.7% | ||
| Q2 25 | 9.3% | 21.0% | ||
| Q1 25 | 7.6% | 20.1% | ||
| Q4 24 | 10.9% | 18.9% | ||
| Q3 24 | 15.2% | 20.3% | ||
| Q2 24 | 10.5% | 20.2% |
净利率EPAMFAST
| Q1 26 | — | 14.5% | ||
| Q4 25 | 7.8% | 14.5% | ||
| Q3 25 | 7.7% | 15.7% | ||
| Q2 25 | 6.5% | 15.9% | ||
| Q1 25 | 5.6% | 15.2% | ||
| Q4 24 | 8.3% | 14.4% | ||
| Q3 24 | 11.7% | 15.6% | ||
| Q2 24 | 8.6% | 15.3% |
每股收益（稀释后）EPAMFAST
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $1.97 | $-0.01 | ||
| Q3 25 | $1.91 | $0.29 | ||
| Q2 25 | $1.56 | $0.29 | ||
| Q1 25 | $1.28 | $0.52 | ||
| Q4 24 | $1.80 | $0.45 | ||
| Q3 24 | $2.37 | $0.52 | ||
| Q2 24 | $1.70 | $0.51 |
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 | $276.8M |
| 总债务越低越好 | — | $125.0M |
| 股东权益账面价值 | $3.7B | $3.9B |
| 总资产 | $4.9B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资EPAMFAST
| Q1 26 | — | $276.8M | ||
| Q4 25 | $1.3B | $276.8M | ||
| Q3 25 | $1.2B | $288.1M | ||
| Q2 25 | $1.0B | $237.8M | ||
| Q1 25 | $1.2B | $231.8M | ||
| Q4 24 | $1.3B | $255.8M | ||
| Q3 24 | $2.1B | $292.2M | ||
| Q2 24 | $1.8B | $255.5M |
总债务EPAMFAST
| Q1 26 | — | $125.0M | ||
| Q4 25 | — | $125.0M | ||
| Q3 25 | — | $195.0M | ||
| Q2 25 | — | $230.0M | ||
| Q1 25 | — | $200.0M | ||
| Q4 24 | — | $200.0M | ||
| Q3 24 | — | $240.0M | ||
| Q2 24 | — | $235.0M |
股东权益EPAMFAST
| Q1 26 | — | $3.9B | ||
| Q4 25 | $3.7B | $3.9B | ||
| Q3 25 | $3.7B | $3.9B | ||
| Q2 25 | $3.7B | $3.8B | ||
| Q1 25 | $3.6B | $3.7B | ||
| Q4 24 | $3.6B | $3.6B | ||
| Q3 24 | $3.6B | $3.6B | ||
| Q2 24 | $3.4B | $3.5B |
总资产EPAMFAST
| Q1 26 | — | $5.1B | ||
| Q4 25 | $4.9B | $5.1B | ||
| Q3 25 | $4.8B | $5.1B | ||
| Q2 25 | $4.7B | $5.0B | ||
| Q1 25 | $4.7B | $4.9B | ||
| Q4 24 | $4.8B | $4.7B | ||
| Q3 24 | $4.5B | $4.7B | ||
| Q2 24 | $4.2B | $4.6B |
负债/权益比EPAMFAST
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | $282.9M | $368.2M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $308.2M |
| 自由现金流率自由现金流/营收 | 19.0% | 15.2% |
| 资本支出强度资本支出/营收 | 1.1% | 3.0% |
| 现金转化率经营现金流/净利润 | 2.59× | 1.25× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $1.2B |
8季度趋势，按日历期对齐
经营现金流EPAMFAST
| Q1 26 | — | $368.2M | ||
| Q4 25 | $282.9M | $368.2M | ||
| Q3 25 | $294.7M | $386.9M | ||
| Q2 25 | $53.2M | $278.6M | ||
| Q1 25 | $24.2M | $262.2M | ||
| Q4 24 | $130.3M | $282.8M | ||
| Q3 24 | $242.0M | $296.9M | ||
| Q2 24 | $57.0M | $258.0M |
自由现金流EPAMFAST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $268.1M | $308.2M | ||
| Q3 25 | $286.4M | $326.6M | ||
| Q2 25 | $43.4M | $209.3M | ||
| Q1 25 | $14.8M | $206.5M | ||
| Q4 24 | $114.5M | $222.6M | ||
| Q3 24 | $237.0M | $237.5M | ||
| Q2 24 | $52.3M | $201.9M |
自由现金流率EPAMFAST
| Q1 26 | — | 15.2% | ||
| Q4 25 | 19.0% | 15.2% | ||
| Q3 25 | 20.5% | 15.3% | ||
| Q2 25 | 3.2% | 10.1% | ||
| Q1 25 | 1.1% | 10.5% | ||
| Q4 24 | 9.2% | 12.2% | ||
| Q3 24 | 20.3% | 12.4% | ||
| Q2 24 | 4.6% | 10.5% |
资本支出强度EPAMFAST
| Q1 26 | — | 3.0% | ||
| Q4 25 | 1.1% | 3.0% | ||
| Q3 25 | 0.6% | 2.8% | ||
| Q2 25 | 0.7% | 3.3% | ||
| Q1 25 | 0.7% | 2.8% | ||
| Q4 24 | 1.3% | 3.3% | ||
| Q3 24 | 0.4% | 3.1% | ||
| Q2 24 | 0.4% | 2.9% |
现金转化率EPAMFAST
| Q1 26 | — | 1.25× | ||
| Q4 25 | 2.59× | 1.25× | ||
| Q3 25 | 2.76× | 1.15× | ||
| Q2 25 | 0.60× | 0.84× | ||
| Q1 25 | 0.33× | 0.88× | ||
| Q4 24 | 1.26× | 1.08× | ||
| Q3 24 | 1.77× | 1.00× | ||
| Q2 24 | 0.58× | 0.88× |
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
EPAM
暂无分部数据
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
