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EPAM Systems（EPAM）与孩之宝（HAS）财务数据对比。点击上方公司名可切换其他公司
孩之宝的季度营收约是EPAM Systems的1.0倍（$1.4B vs $1.4B），孩之宝净利率更高（13.9% vs 5.9%，领先8.0%），孩之宝同比增速更快（31.3% vs 7.6%），过去两年孩之宝的营收复合增速更高（38.2% vs 10.5%）
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。
孩之宝是1923年12月6日成立的美国跨国玩具制造与娱乐控股企业，总部位于罗德岛州波塔基特。旗下拥有Kenner、米尔顿·布拉德利、派克兄弟、威世智等知名品牌，持有大量热门IP商标权，业务覆盖玩具生产、游戏开发、娱乐内容出品等多个领域。
EPAM vs HAS — 直观对比
营收规模更大
HAS
是对方的1.0倍
$1.4B
营收增速更快
HAS
高出23.7%
7.6%
净利率更高
HAS
高出8.0%
5.9%
两年增速更快
HAS
近两年复合增速
10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $82.5M | $201.6M |
| 毛利率 | — | 68.7% |
| 营业利润率 | 8.3% | 20.6% |
| 净利率 | 5.9% | 13.9% |
| 营收同比 | 7.6% | 31.3% |
| 净利润同比 | 12.3% | 687.8% |
| 每股收益（稀释后） | $1.52 | $1.46 |
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EPAMHAS
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $980.8M | ||
| Q1 25 | $1.3B | $887.1M | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $995.3M |
净利润EPAMHAS
| Q1 26 | $82.5M | — | ||
| Q4 25 | $109.4M | $201.6M | ||
| Q3 25 | $106.8M | $233.2M | ||
| Q2 25 | $88.0M | $-855.8M | ||
| Q1 25 | $73.5M | $98.6M | ||
| Q4 24 | $103.3M | $-34.3M | ||
| Q3 24 | $136.3M | $223.2M | ||
| Q2 24 | $98.6M | $138.5M |
毛利率EPAMHAS
| Q1 26 | — | — | ||
| Q4 25 | 30.1% | 68.7% | ||
| Q3 25 | 29.5% | 70.1% | ||
| Q2 25 | 28.8% | 77.0% | ||
| Q1 25 | 26.9% | 76.9% | ||
| Q4 24 | 30.4% | 67.4% | ||
| Q3 24 | 34.6% | 70.4% | ||
| Q2 24 | 29.3% | 76.1% |
营业利润率EPAMHAS
| Q1 26 | 8.3% | — | ||
| Q4 25 | 10.6% | 20.6% | ||
| Q3 25 | 10.4% | 24.6% | ||
| Q2 25 | 9.3% | -81.4% | ||
| Q1 25 | 7.6% | 19.2% | ||
| Q4 24 | 10.9% | 5.4% | ||
| Q3 24 | 15.2% | 23.6% | ||
| Q2 24 | 10.5% | 21.3% |
净利率EPAMHAS
| Q1 26 | 5.9% | — | ||
| Q4 25 | 7.8% | 13.9% | ||
| Q3 25 | 7.7% | 16.8% | ||
| Q2 25 | 6.5% | -87.3% | ||
| Q1 25 | 5.6% | 11.1% | ||
| Q4 24 | 8.3% | -3.1% | ||
| Q3 24 | 11.7% | 17.4% | ||
| Q2 24 | 8.6% | 13.9% |
每股收益（稀释后）EPAMHAS
| Q1 26 | $1.52 | — | ||
| Q4 25 | $1.97 | $1.46 | ||
| Q3 25 | $1.91 | $1.64 | ||
| Q2 25 | $1.56 | $-6.10 | ||
| Q1 25 | $1.28 | $0.70 | ||
| Q4 24 | $1.80 | $-0.25 | ||
| Q3 24 | $2.37 | $1.59 | ||
| Q2 24 | $1.70 | $0.99 |
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 | $1.0B | — |
| 总债务越低越好 | $165.0M | — |
| 股东权益账面价值 | $3.4B | $565.5M |
| 总资产 | $4.7B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.05× | — |
8季度趋势，按日历期对齐
现金及短期投资EPAMHAS
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.8B | — |
总债务EPAMHAS
| Q1 26 | $165.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EPAMHAS
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.7B | $565.5M | ||
| Q3 25 | $3.7B | $433.8M | ||
| Q2 25 | $3.7B | $269.7M | ||
| Q1 25 | $3.6B | $1.2B | ||
| Q4 24 | $3.6B | $1.2B | ||
| Q3 24 | $3.6B | $1.3B | ||
| Q2 24 | $3.4B | $1.2B |
总资产EPAMHAS
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.9B | $5.6B | ||
| Q3 25 | $4.8B | $5.5B | ||
| Q2 25 | $4.7B | $5.2B | ||
| Q1 25 | $4.7B | $6.0B | ||
| Q4 24 | $4.8B | $6.3B | ||
| Q3 24 | $4.5B | $7.2B | ||
| Q2 24 | $4.2B | $6.9B |
负债/权益比EPAMHAS
| Q1 26 | 0.05× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $403.2M |
| 自由现金流经营现金流 - 资本支出 | — | $389.5M |
| 自由现金流率自由现金流/营收 | — | 26.9% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $829.9M |
8季度趋势，按日历期对齐
经营现金流EPAMHAS
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $403.2M | ||
| Q3 25 | $294.7M | $280.6M | ||
| Q2 25 | $53.2M | $71.3M | ||
| Q1 25 | $24.2M | $138.1M | ||
| Q4 24 | $130.3M | $259.8M | ||
| Q3 24 | $242.0M | $222.5M | ||
| Q2 24 | $57.0M | $187.3M |
自由现金流EPAMHAS
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $389.5M | ||
| Q3 25 | $286.4M | $260.9M | ||
| Q2 25 | $43.4M | $55.2M | ||
| Q1 25 | $14.8M | $124.3M | ||
| Q4 24 | $114.5M | $200.8M | ||
| Q3 24 | $237.0M | $174.0M | ||
| Q2 24 | $52.3M | $135.4M |
自由现金流率EPAMHAS
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 26.9% | ||
| Q3 25 | 20.5% | 18.8% | ||
| Q2 25 | 3.2% | 5.6% | ||
| Q1 25 | 1.1% | 14.0% | ||
| Q4 24 | 9.2% | 18.2% | ||
| Q3 24 | 20.3% | 13.6% | ||
| Q2 24 | 4.6% | 13.6% |
资本支出强度EPAMHAS
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 0.7% | 1.6% | ||
| Q1 25 | 0.7% | 1.6% | ||
| Q4 24 | 1.3% | 5.4% | ||
| Q3 24 | 0.4% | 3.8% | ||
| Q2 24 | 0.4% | 5.2% |
现金转化率EPAMHAS
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 2.00× | ||
| Q3 25 | 2.76× | 1.20× | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | 1.40× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | 1.00× | ||
| Q2 24 | 0.58× | 1.35× |
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
HAS
| Grow Brands | $1.1B | 75% |
| Optimize Brands | $188.7M | 13% |
| Digital And Licensing Gaming | $135.7M | 9% |
| Class Of Principal Product Family Brands | $13.1M | 1% |
| Filmand TV | $2.4M | 0% |
