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EPAM Systems（EPAM）与Fabrinet（FN）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Fabrinet的1.2倍（$1.4B vs $1.1B），Fabrinet净利率更高（9.9% vs 7.8%，领先2.2%），Fabrinet同比增速更快（35.9% vs 12.8%），EPAM Systems自由现金流更多（$268.1M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% 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。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
EPAM vs FN — 直观对比
营收规模更大
EPAM
是对方的1.2倍
$1.1B
营收增速更快
FN
高出23.1%
12.8%
净利率更高
FN
高出2.2%
7.8%
自由现金流更多
EPAM
多$273.5M
$-5.3M
两年增速更快
FN
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $109.4M | $112.6M |
| 毛利率 | 30.1% | 12.2% |
| 营业利润率 | 10.6% | 10.1% |
| 净利率 | 7.8% | 9.9% |
| 营收同比 | 12.8% | 35.9% |
| 净利润同比 | 5.9% | 30.0% |
| 每股收益（稀释后） | $1.97 | $3.11 |
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EPAMFN
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.4B | $978.1M | ||
| Q2 25 | $1.4B | $909.7M | ||
| Q1 25 | $1.3B | $871.8M | ||
| Q4 24 | $1.2B | $833.6M | ||
| Q3 24 | $1.2B | $804.2M | ||
| Q2 24 | $1.1B | $753.3M | ||
| Q1 24 | $1.2B | $731.5M |
净利润EPAMFN
| Q4 25 | $109.4M | $112.6M | ||
| Q3 25 | $106.8M | $95.9M | ||
| Q2 25 | $88.0M | $87.2M | ||
| Q1 25 | $73.5M | $81.3M | ||
| Q4 24 | $103.3M | $86.6M | ||
| Q3 24 | $136.3M | $77.4M | ||
| Q2 24 | $98.6M | $81.1M | ||
| Q1 24 | $116.2M | $80.9M |
毛利率EPAMFN
| Q4 25 | 30.1% | 12.2% | ||
| Q3 25 | 29.5% | 11.9% | ||
| Q2 25 | 28.8% | 12.2% | ||
| Q1 25 | 26.9% | 11.7% | ||
| Q4 24 | 30.4% | 12.1% | ||
| Q3 24 | 34.6% | 12.3% | ||
| Q2 24 | 29.3% | 12.3% | ||
| Q1 24 | 28.4% | 12.4% |
营业利润率EPAMFN
| Q4 25 | 10.6% | 10.1% | ||
| Q3 25 | 10.4% | 9.6% | ||
| Q2 25 | 9.3% | 9.8% | ||
| Q1 25 | 7.6% | 9.0% | ||
| Q4 24 | 10.9% | 9.5% | ||
| Q3 24 | 15.2% | 9.6% | ||
| Q2 24 | 10.5% | 9.7% | ||
| Q1 24 | 9.5% | 9.7% |
净利率EPAMFN
| Q4 25 | 7.8% | 9.9% | ||
| Q3 25 | 7.7% | 9.8% | ||
| Q2 25 | 6.5% | 9.6% | ||
| Q1 25 | 5.6% | 9.3% | ||
| Q4 24 | 8.3% | 10.4% | ||
| Q3 24 | 11.7% | 9.6% | ||
| Q2 24 | 8.6% | 10.8% | ||
| Q1 24 | 10.0% | 11.1% |
每股收益（稀释后）EPAMFN
| Q4 25 | $1.97 | $3.11 | ||
| Q3 25 | $1.91 | $2.66 | ||
| Q2 25 | $1.56 | $2.41 | ||
| Q1 25 | $1.28 | $2.25 | ||
| Q4 24 | $1.80 | $2.38 | ||
| Q3 24 | $2.37 | $2.13 | ||
| Q2 24 | $1.70 | $2.22 | ||
| Q1 24 | $1.97 | $2.21 |
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 | $960.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $2.2B |
| 总资产 | $4.9B | $3.3B |
| 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EPAMFN
| Q4 25 | $1.3B | $960.8M | ||
| Q3 25 | $1.2B | $968.8M | ||
| Q2 25 | $1.0B | $934.2M | ||
| Q1 25 | $1.2B | $950.7M | ||
| Q4 24 | $1.3B | $934.6M | ||
| Q3 24 | $2.1B | $908.9M | ||
| Q2 24 | $1.8B | $858.6M | ||
| Q1 24 | $2.0B | $794.0M |
股东权益EPAMFN
| Q4 25 | $3.7B | $2.2B | ||
| Q3 25 | $3.7B | $2.1B | ||
| Q2 25 | $3.7B | $2.0B | ||
| Q1 25 | $3.6B | $1.9B | ||
| Q4 24 | $3.6B | $1.8B | ||
| Q3 24 | $3.6B | $1.8B | ||
| Q2 24 | $3.4B | $1.7B | ||
| Q1 24 | $3.5B | $1.7B |
总资产EPAMFN
| Q4 25 | $4.9B | $3.3B | ||
| Q3 25 | $4.8B | $3.0B | ||
| Q2 25 | $4.7B | $2.8B | ||
| Q1 25 | $4.7B | $2.6B | ||
| Q4 24 | $4.8B | $2.5B | ||
| Q3 24 | $4.5B | $2.4B | ||
| Q2 24 | $4.2B | $2.3B | ||
| Q1 24 | $4.4B | $2.2B |
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 | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $-5.3M |
| 自由现金流率自由现金流/营收 | 19.0% | -0.5% |
| 资本支出强度资本支出/营收 | 1.1% | 4.6% |
| 现金转化率经营现金流/净利润 | 2.59× | 0.41× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $102.3M |
8季度趋势，按日历期对齐
经营现金流EPAMFN
| Q4 25 | $282.9M | $46.3M | ||
| Q3 25 | $294.7M | $102.6M | ||
| Q2 25 | $53.2M | $55.1M | ||
| Q1 25 | $24.2M | $74.2M | ||
| Q4 24 | $130.3M | $115.9M | ||
| Q3 24 | $242.0M | $83.2M | ||
| Q2 24 | $57.0M | $83.1M | ||
| Q1 24 | $129.9M | $100.9M |
自由现金流EPAMFN
| Q4 25 | $268.1M | $-5.3M | ||
| Q3 25 | $286.4M | $57.3M | ||
| Q2 25 | $43.4M | $4.7M | ||
| Q1 25 | $14.8M | $45.7M | ||
| Q4 24 | $114.5M | $94.0M | ||
| Q3 24 | $237.0M | $62.9M | ||
| Q2 24 | $52.3M | $70.4M | ||
| Q1 24 | $123.2M | $87.3M |
自由现金流率EPAMFN
| Q4 25 | 19.0% | -0.5% | ||
| Q3 25 | 20.5% | 5.9% | ||
| Q2 25 | 3.2% | 0.5% | ||
| Q1 25 | 1.1% | 5.2% | ||
| Q4 24 | 9.2% | 11.3% | ||
| Q3 24 | 20.3% | 7.8% | ||
| Q2 24 | 4.6% | 9.3% | ||
| Q1 24 | 10.6% | 11.9% |
资本支出强度EPAMFN
| Q4 25 | 1.1% | 4.6% | ||
| Q3 25 | 0.6% | 4.6% | ||
| Q2 25 | 0.7% | 5.5% | ||
| Q1 25 | 0.7% | 3.3% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 0.4% | 2.5% | ||
| Q2 24 | 0.4% | 1.7% | ||
| Q1 24 | 0.6% | 1.9% |
现金转化率EPAMFN
| Q4 25 | 2.59× | 0.41× | ||
| Q3 25 | 2.76× | 1.07× | ||
| Q2 25 | 0.60× | 0.63× | ||
| Q1 25 | 0.33× | 0.91× | ||
| Q4 24 | 1.26× | 1.34× | ||
| Q3 24 | 1.77× | 1.07× | ||
| Q2 24 | 0.58× | 1.02× | ||
| Q1 24 | 1.12× | 1.25× |
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
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
