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EPAM Systems（EPAM）与IES Holdings, Inc.（IESC）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IES Holdings, Inc.的1.6倍（$1.4B vs $871.0M），IES Holdings, Inc.净利率更高（10.5% vs 7.8%，领先2.8%），IES Holdings, Inc.同比增速更快（16.2% vs 12.8%），EPAM Systems自由现金流更多（$268.1M vs $-18.9M），过去两年IES Holdings, Inc.的营收复合增速更高（11.1% 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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
EPAM vs IESC — 直观对比
营收规模更大
EPAM
是对方的1.6倍
$871.0M
营收增速更快
IESC
高出3.4%
12.8%
净利率更高
IESC
高出2.8%
7.8%
自由现金流更多
EPAM
多$287.0M
$-18.9M
两年增速更快
IESC
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $871.0M |
| 净利润 | $109.4M | $91.8M |
| 毛利率 | 30.1% | 25.3% |
| 营业利润率 | 10.6% | 11.2% |
| 净利率 | 7.8% | 10.5% |
| 营收同比 | 12.8% | 16.2% |
| 净利润同比 | 5.9% | 59.1% |
| 每股收益（稀释后） | $1.97 | $4.51 |
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EPAMIESC
| Q4 25 | $1.4B | $871.0M | ||
| Q3 25 | $1.4B | $897.8M | ||
| Q2 25 | $1.4B | $890.2M | ||
| Q1 25 | $1.3B | $834.0M | ||
| Q4 24 | $1.2B | $749.5M | ||
| Q3 24 | $1.2B | $775.8M | ||
| Q2 24 | $1.1B | $768.4M | ||
| Q1 24 | $1.2B | $705.7M |
净利润EPAMIESC
| Q4 25 | $109.4M | $91.8M | ||
| Q3 25 | $106.8M | $102.3M | ||
| Q2 25 | $88.0M | $79.3M | ||
| Q1 25 | $73.5M | $72.6M | ||
| Q4 24 | $103.3M | $57.7M | ||
| Q3 24 | $136.3M | $65.5M | ||
| Q2 24 | $98.6M | $66.6M | ||
| Q1 24 | $116.2M | $56.8M |
毛利率EPAMIESC
| Q4 25 | 30.1% | 25.3% | ||
| Q3 25 | 29.5% | 26.0% | ||
| Q2 25 | 28.8% | 26.9% | ||
| Q1 25 | 26.9% | 25.0% | ||
| Q4 24 | 30.4% | 23.8% | ||
| Q3 24 | 34.6% | 24.0% | ||
| Q2 24 | 29.3% | 25.3% | ||
| Q1 24 | 28.4% | 24.3% |
营业利润率EPAMIESC
| Q4 25 | 10.6% | 11.2% | ||
| Q3 25 | 10.4% | 11.6% | ||
| Q2 25 | 9.3% | 12.6% | ||
| Q1 25 | 7.6% | 11.1% | ||
| Q4 24 | 10.9% | 10.0% | ||
| Q3 24 | 15.2% | 9.7% | ||
| Q2 24 | 10.5% | 11.7% | ||
| Q1 24 | 9.5% | 11.0% |
净利率EPAMIESC
| Q4 25 | 7.8% | 10.5% | ||
| Q3 25 | 7.7% | 11.4% | ||
| Q2 25 | 6.5% | 8.9% | ||
| Q1 25 | 5.6% | 8.7% | ||
| Q4 24 | 8.3% | 7.7% | ||
| Q3 24 | 11.7% | 8.4% | ||
| Q2 24 | 8.6% | 8.7% | ||
| Q1 24 | 10.0% | 8.0% |
每股收益（稀释后）EPAMIESC
| Q4 25 | $1.97 | $4.51 | ||
| Q3 25 | $1.91 | $4.99 | ||
| Q2 25 | $1.56 | $3.81 | ||
| Q1 25 | $1.28 | $3.50 | ||
| Q4 24 | $1.80 | $2.72 | ||
| Q3 24 | $2.37 | $3.06 | ||
| Q2 24 | $1.70 | $2.67 | ||
| Q1 24 | $1.97 | $2.29 |
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 | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $961.1M |
| 总资产 | $4.9B | $1.7B |
| 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EPAMIESC
| Q4 25 | $1.3B | $258.7M | ||
| Q3 25 | $1.2B | $231.8M | ||
| Q2 25 | $1.0B | $168.3M | ||
| Q1 25 | $1.2B | $88.3M | ||
| Q4 24 | $1.3B | $112.0M | ||
| Q3 24 | $2.1B | $135.8M | ||
| Q2 24 | $1.8B | $44.9M | ||
| Q1 24 | $2.0B | $106.0M |
股东权益EPAMIESC
| Q4 25 | $3.7B | $961.1M | ||
| Q3 25 | $3.7B | $884.0M | ||
| Q2 25 | $3.7B | $781.4M | ||
| Q1 25 | $3.6B | $705.8M | ||
| Q4 24 | $3.6B | $652.4M | ||
| Q3 24 | $3.6B | $611.1M | ||
| Q2 24 | $3.4B | $567.5M | ||
| Q1 24 | $3.5B | $534.8M |
总资产EPAMIESC
| Q4 25 | $4.9B | $1.7B | ||
| Q3 25 | $4.8B | $1.6B | ||
| Q2 25 | $4.7B | $1.5B | ||
| Q1 25 | $4.7B | $1.4B | ||
| Q4 24 | $4.8B | $1.3B | ||
| Q3 24 | $4.5B | $1.2B | ||
| Q2 24 | $4.2B | $1.2B | ||
| 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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $-18.9M |
| 自由现金流率自由现金流/营收 | 19.0% | -2.2% |
| 资本支出强度资本支出/营收 | 1.1% | 5.3% |
| 现金转化率经营现金流/净利润 | 2.59× | 0.30× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $175.9M |
8季度趋势，按日历期对齐
经营现金流EPAMIESC
| Q4 25 | $282.9M | $27.7M | ||
| Q3 25 | $294.7M | $132.0M | ||
| Q2 25 | $53.2M | $92.0M | ||
| Q1 25 | $24.2M | $24.8M | ||
| Q4 24 | $130.3M | $37.3M | ||
| Q3 24 | $242.0M | $92.8M | ||
| Q2 24 | $57.0M | $82.9M | ||
| Q1 24 | $129.9M | $33.7M |
自由现金流EPAMIESC
| Q4 25 | $268.1M | $-18.9M | ||
| Q3 25 | $286.4M | $112.0M | ||
| Q2 25 | $43.4M | $74.8M | ||
| Q1 25 | $14.8M | $7.9M | ||
| Q4 24 | $114.5M | $24.1M | ||
| Q3 24 | $237.0M | $78.5M | ||
| Q2 24 | $52.3M | $65.4M | ||
| Q1 24 | $123.2M | $26.9M |
自由现金流率EPAMIESC
| Q4 25 | 19.0% | -2.2% | ||
| Q3 25 | 20.5% | 12.5% | ||
| Q2 25 | 3.2% | 8.4% | ||
| Q1 25 | 1.1% | 0.9% | ||
| Q4 24 | 9.2% | 3.2% | ||
| Q3 24 | 20.3% | 10.1% | ||
| Q2 24 | 4.6% | 8.5% | ||
| Q1 24 | 10.6% | 3.8% |
资本支出强度EPAMIESC
| Q4 25 | 1.1% | 5.3% | ||
| Q3 25 | 0.6% | 2.2% | ||
| Q2 25 | 0.7% | 1.9% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 1.3% | 1.8% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.4% | 2.3% | ||
| Q1 24 | 0.6% | 1.0% |
现金转化率EPAMIESC
| Q4 25 | 2.59× | 0.30× | ||
| Q3 25 | 2.76× | 1.29× | ||
| Q2 25 | 0.60× | 1.16× | ||
| Q1 25 | 0.33× | 0.34× | ||
| Q4 24 | 1.26× | 0.65× | ||
| Q3 24 | 1.77× | 1.42× | ||
| Q2 24 | 0.58× | 1.24× | ||
| Q1 24 | 1.12× | 0.59× |
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
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
