vs
EPAM Systems（EPAM）与FuboTV Inc.（FUBO）财务数据对比。点击上方公司名可切换其他公司
FuboTV Inc.的季度营收约是EPAM Systems的1.1倍（$1.5B vs $1.4B），EPAM Systems净利率更高（7.8% vs -0.4%，领先8.2%），FuboTV Inc.同比增速更快（249.4% vs 12.8%），EPAM Systems自由现金流更多（$268.1M vs $-200.8M），过去两年FuboTV Inc.的营收复合增速更高（94.3% 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。
FuboTV Inc.（简称Fubo）是源自美国的互联网体育流媒体服务商，业务覆盖美国、加拿大与西班牙地区。该平台主打各类直播体育内容，可提供英超、NFL、MLB、NBA、NHL、MLS等各大主流顶级体育赛事转播，同时也涵盖新闻、剧集等综合影视娱乐内容。
EPAM vs FUBO — 直观对比
营收规模更大
FUBO
是对方的1.1倍
$1.4B
营收增速更快
FUBO
高出236.6%
12.8%
净利率更高
EPAM
高出8.2%
-0.4%
自由现金流更多
EPAM
多$468.9M
$-200.8M
两年增速更快
FUBO
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | $109.4M | $-6.0M |
| 毛利率 | 30.1% | — |
| 营业利润率 | 10.6% | -1.3% |
| 净利率 | 7.8% | -0.4% |
| 营收同比 | 12.8% | 249.4% |
| 净利润同比 | 5.9% | 84.5% |
| 每股收益（稀释后） | $1.97 | $-0.02 |
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EPAMFUBO
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $377.2M | ||
| Q2 25 | $1.4B | $380.0M | ||
| Q1 25 | $1.3B | $416.3M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $386.2M | ||
| Q2 24 | $1.1B | $391.0M | ||
| Q1 24 | $1.2B | $402.3M |
净利润EPAMFUBO
| Q4 25 | $109.4M | $-6.0M | ||
| Q3 25 | $106.8M | $-18.9M | ||
| Q2 25 | $88.0M | $-8.0M | ||
| Q1 25 | $73.5M | $188.5M | ||
| Q4 24 | $103.3M | — | ||
| Q3 24 | $136.3M | $-52.4M | ||
| Q2 24 | $98.6M | $-25.3M | ||
| Q1 24 | $116.2M | $-56.0M |
毛利率EPAMFUBO
| 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 | 28.4% | — |
营业利润率EPAMFUBO
| Q4 25 | 10.6% | -1.3% | ||
| Q3 25 | 10.4% | -5.3% | ||
| Q2 25 | 9.3% | -1.6% | ||
| Q1 25 | 7.6% | -6.1% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 15.2% | -15.2% | ||
| Q2 24 | 10.5% | -9.1% | ||
| Q1 24 | 9.5% | -15.7% |
净利率EPAMFUBO
| Q4 25 | 7.8% | -0.4% | ||
| Q3 25 | 7.7% | -5.0% | ||
| Q2 25 | 6.5% | -2.1% | ||
| Q1 25 | 5.6% | 45.3% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 11.7% | -13.6% | ||
| Q2 24 | 8.6% | -6.5% | ||
| Q1 24 | 10.0% | -13.9% |
每股收益（稀释后）EPAMFUBO
| Q4 25 | $1.97 | $-0.02 | ||
| Q3 25 | $1.91 | $-0.06 | ||
| Q2 25 | $1.56 | $-0.02 | ||
| Q1 25 | $1.28 | $0.55 | ||
| Q4 24 | $1.80 | — | ||
| Q3 24 | $2.37 | $-0.16 | ||
| Q2 24 | $1.70 | $-0.08 | ||
| Q1 24 | $1.97 | $-0.19 |
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 | $452.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $275.5M |
| 总资产 | $4.9B | $4.1B |
| 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EPAMFUBO
| Q4 25 | $1.3B | $452.4M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | $283.6M | ||
| Q1 25 | $1.2B | $321.6M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $2.1B | $146.2M | ||
| Q2 24 | $1.8B | $155.2M | ||
| Q1 24 | $2.0B | $168.9M |
股东权益EPAMFUBO
| Q4 25 | $3.7B | $275.5M | ||
| Q3 25 | $3.7B | $915.3M | ||
| Q2 25 | $3.7B | $400.4M | ||
| Q1 25 | $3.6B | $389.0M | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.6B | $905.3M | ||
| Q2 24 | $3.4B | $254.2M | ||
| Q1 24 | $3.5B | $236.1M |
总资产EPAMFUBO
| Q4 25 | $4.9B | $4.1B | ||
| Q3 25 | $4.8B | $1.3B | ||
| Q2 25 | $4.7B | $1.2B | ||
| Q1 25 | $4.7B | $1.2B | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $4.5B | $1.1B | ||
| Q2 24 | $4.2B | $1.1B | ||
| Q1 24 | $4.4B | $1.1B |
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 | $-200.3M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $-200.8M |
| 自由现金流率自由现金流/营收 | 19.0% | -13.0% |
| 资本支出强度资本支出/营收 | 1.1% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.59× | — |
| 过去12个月自由现金流最近4个季度 | $612.7M | $-81.3M |
8季度趋势，按日历期对齐
经营现金流EPAMFUBO
| Q4 25 | $282.9M | $-200.3M | ||
| Q3 25 | $294.7M | $-6.5M | ||
| Q2 25 | $53.2M | $-34.6M | ||
| Q1 25 | $24.2M | $161.4M | ||
| Q4 24 | $130.3M | — | ||
| Q3 24 | $242.0M | $235.0K | ||
| Q2 24 | $57.0M | $-32.3M | ||
| Q1 24 | $129.9M | $-67.3M |
自由现金流EPAMFUBO
| Q4 25 | $268.1M | $-200.8M | ||
| Q3 25 | $286.4M | $-6.5M | ||
| Q2 25 | $43.4M | $-35.0M | ||
| Q1 25 | $14.8M | $161.1M | ||
| Q4 24 | $114.5M | — | ||
| Q3 24 | $237.0M | $-1.3M | ||
| Q2 24 | $52.3M | $-32.5M | ||
| Q1 24 | $123.2M | $-67.4M |
自由现金流率EPAMFUBO
| Q4 25 | 19.0% | -13.0% | ||
| Q3 25 | 20.5% | -1.7% | ||
| Q2 25 | 3.2% | -9.2% | ||
| Q1 25 | 1.1% | 38.7% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 20.3% | -0.3% | ||
| Q2 24 | 4.6% | -8.3% | ||
| Q1 24 | 10.6% | -16.7% |
资本支出强度EPAMFUBO
| Q4 25 | 1.1% | 0.0% | ||
| Q3 25 | 0.6% | 0.0% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.6% | 0.0% |
现金转化率EPAMFUBO
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | 0.86× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 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
EPAM
暂无分部数据
FUBO
| Related Party | $1.2B | 75% |
| Subscription And Advertising | $377.9M | 24% |
