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EPAM Systems（EPAM）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是EPAM Systems的1.9倍（$2.6B vs $1.4B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 7.8%，领先4.7%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 12.8%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $268.1M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 9.9%）
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。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
EPAM vs FIX — 直观对比
营收规模更大
FIX
是对方的1.9倍
$1.4B
营收增速更快
FIX
高出28.9%
12.8%
净利率更高
FIX
高出4.7%
7.8%
自由现金流更多
FIX
多$134.3M
$268.1M
两年增速更快
FIX
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.6B |
| 净利润 | $109.4M | $330.8M |
| 毛利率 | 30.1% | 25.5% |
| 营业利润率 | 10.6% | 16.1% |
| 净利率 | 7.8% | 12.5% |
| 营收同比 | 12.8% | 41.7% |
| 净利润同比 | 5.9% | 126.8% |
| 每股收益（稀释后） | $1.97 | $9.35 |
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EPAMFIX
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $1.2B | $1.5B |
净利润EPAMFIX
| Q4 25 | $109.4M | $330.8M | ||
| Q3 25 | $106.8M | $291.6M | ||
| Q2 25 | $88.0M | $230.8M | ||
| Q1 25 | $73.5M | $169.3M | ||
| Q4 24 | $103.3M | $145.9M | ||
| Q3 24 | $136.3M | $146.2M | ||
| Q2 24 | $98.6M | $134.0M | ||
| Q1 24 | $116.2M | $96.3M |
毛利率EPAMFIX
| Q4 25 | 30.1% | 25.5% | ||
| Q3 25 | 29.5% | 24.8% | ||
| Q2 25 | 28.8% | 23.5% | ||
| Q1 25 | 26.9% | 22.0% | ||
| Q4 24 | 30.4% | 23.2% | ||
| Q3 24 | 34.6% | 21.1% | ||
| Q2 24 | 29.3% | 20.1% | ||
| Q1 24 | 28.4% | 19.3% |
营业利润率EPAMFIX
| Q4 25 | 10.6% | 16.1% | ||
| Q3 25 | 10.4% | 15.5% | ||
| Q2 25 | 9.3% | 13.8% | ||
| Q1 25 | 7.6% | 11.4% | ||
| Q4 24 | 10.9% | 12.1% | ||
| Q3 24 | 15.2% | 11.2% | ||
| Q2 24 | 10.5% | 10.2% | ||
| Q1 24 | 9.5% | 8.8% |
净利率EPAMFIX
| Q4 25 | 7.8% | 12.5% | ||
| Q3 25 | 7.7% | 11.9% | ||
| Q2 25 | 6.5% | 10.6% | ||
| Q1 25 | 5.6% | 9.2% | ||
| Q4 24 | 8.3% | 7.8% | ||
| Q3 24 | 11.7% | 8.1% | ||
| Q2 24 | 8.6% | 7.4% | ||
| Q1 24 | 10.0% | 6.3% |
每股收益（稀释后）EPAMFIX
| Q4 25 | $1.97 | $9.35 | ||
| Q3 25 | $1.91 | $8.25 | ||
| Q2 25 | $1.56 | $6.53 | ||
| Q1 25 | $1.28 | $4.75 | ||
| Q4 24 | $1.80 | $4.08 | ||
| Q3 24 | $2.37 | $4.09 | ||
| Q2 24 | $1.70 | $3.74 | ||
| Q1 24 | $1.97 | $2.69 |
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 | $981.9M |
| 总债务越低越好 | — | $145.2M |
| 股东权益账面价值 | $3.7B | $2.4B |
| 总资产 | $4.9B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资EPAMFIX
| Q4 25 | $1.3B | $981.9M | ||
| Q3 25 | $1.2B | $860.5M | ||
| Q2 25 | $1.0B | $331.7M | ||
| Q1 25 | $1.2B | $204.8M | ||
| Q4 24 | $1.3B | $549.9M | ||
| Q3 24 | $2.1B | $415.6M | ||
| Q2 24 | $1.8B | $199.4M | ||
| Q1 24 | $2.0B | $100.8M |
总债务EPAMFIX
| Q4 25 | — | $145.2M | ||
| Q3 25 | — | $136.0M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $67.8M | ||
| Q4 24 | — | $68.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $73.4M | ||
| Q1 24 | — | $77.0M |
股东权益EPAMFIX
| Q4 25 | $3.7B | $2.4B | ||
| Q3 25 | $3.7B | $2.2B | ||
| Q2 25 | $3.7B | $2.0B | ||
| Q1 25 | $3.6B | $1.8B | ||
| Q4 24 | $3.6B | $1.7B | ||
| Q3 24 | $3.6B | $1.6B | ||
| Q2 24 | $3.4B | $1.5B | ||
| Q1 24 | $3.5B | $1.4B |
总资产EPAMFIX
| Q4 25 | $4.9B | $6.4B | ||
| Q3 25 | $4.8B | $5.8B | ||
| Q2 25 | $4.7B | $5.1B | ||
| Q1 25 | $4.7B | $4.6B | ||
| Q4 24 | $4.8B | $4.7B | ||
| Q3 24 | $4.5B | $4.4B | ||
| Q2 24 | $4.2B | $4.2B | ||
| Q1 24 | $4.4B | $3.9B |
负债/权益比EPAMFIX
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.06× |
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 | $468.5M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $402.4M |
| 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% | 2.5% |
| 现金转化率经营现金流/净利润 | 2.59× | 1.42× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $1.0B |
8季度趋势，按日历期对齐
经营现金流EPAMFIX
| Q4 25 | $282.9M | $468.5M | ||
| Q3 25 | $294.7M | $553.3M | ||
| Q2 25 | $53.2M | $252.5M | ||
| Q1 25 | $24.2M | $-88.0M | ||
| Q4 24 | $130.3M | $210.5M | ||
| Q3 24 | $242.0M | $302.2M | ||
| Q2 24 | $57.0M | $189.9M | ||
| Q1 24 | $129.9M | $146.6M |
自由现金流EPAMFIX
| Q4 25 | $268.1M | $402.4M | ||
| Q3 25 | $286.4M | $517.9M | ||
| Q2 25 | $43.4M | $221.2M | ||
| Q1 25 | $14.8M | $-110.2M | ||
| Q4 24 | $114.5M | $169.8M | ||
| Q3 24 | $237.0M | $280.1M | ||
| Q2 24 | $52.3M | $166.5M | ||
| Q1 24 | $123.2M | $121.6M |
自由现金流率EPAMFIX
| Q4 25 | 19.0% | 15.2% | ||
| Q3 25 | 20.5% | 21.1% | ||
| Q2 25 | 3.2% | 10.2% | ||
| Q1 25 | 1.1% | -6.0% | ||
| Q4 24 | 9.2% | 9.1% | ||
| Q3 24 | 20.3% | 15.5% | ||
| Q2 24 | 4.6% | 9.2% | ||
| Q1 24 | 10.6% | 7.9% |
资本支出强度EPAMFIX
| Q4 25 | 1.1% | 2.5% | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 0.7% | 1.4% | ||
| Q1 25 | 0.7% | 1.2% | ||
| Q4 24 | 1.3% | 2.2% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 0.4% | 1.3% | ||
| Q1 24 | 0.6% | 1.6% |
现金转化率EPAMFIX
| Q4 25 | 2.59× | 1.42× | ||
| Q3 25 | 2.76× | 1.90× | ||
| Q2 25 | 0.60× | 1.09× | ||
| Q1 25 | 0.33× | -0.52× | ||
| Q4 24 | 1.26× | 1.44× | ||
| Q3 24 | 1.77× | 2.07× | ||
| Q2 24 | 0.58× | 1.42× | ||
| Q1 24 | 1.12× | 1.52× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
