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EPAM Systems（EPAM）与LCI INDUSTRIES（LCII）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LCI INDUSTRIES的1.5倍（$1.4B vs $932.7M），EPAM Systems净利率更高（7.8% vs 2.0%，领先5.8%），LCI INDUSTRIES同比增速更快（16.1% vs 12.8%），EPAM Systems自由现金流更多（$268.1M vs $64.3M），过去两年EPAM Systems的营收复合增速更高（9.9% vs -1.8%）
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。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
EPAM vs LCII — 直观对比
营收规模更大
EPAM
是对方的1.5倍
$932.7M
营收增速更快
LCII
高出3.4%
12.8%
净利率更高
EPAM
高出5.8%
2.0%
自由现金流更多
EPAM
多$203.8M
$64.3M
两年增速更快
EPAM
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $932.7M |
| 净利润 | $109.4M | $18.7M |
| 毛利率 | 30.1% | 22.1% |
| 营业利润率 | 10.6% | 3.8% |
| 净利率 | 7.8% | 2.0% |
| 营收同比 | 12.8% | 16.1% |
| 净利润同比 | 5.9% | 95.7% |
| 每股收益（稀释后） | $1.97 | $0.79 |
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EPAMLCII
| Q4 25 | $1.4B | $932.7M | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.2B | $803.1M | ||
| Q3 24 | $1.2B | $915.5M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.2B | $968.0M |
净利润EPAMLCII
| Q4 25 | $109.4M | $18.7M | ||
| Q3 25 | $106.8M | $62.5M | ||
| Q2 25 | $88.0M | $57.6M | ||
| Q1 25 | $73.5M | $49.4M | ||
| Q4 24 | $103.3M | $9.5M | ||
| Q3 24 | $136.3M | $35.6M | ||
| Q2 24 | $98.6M | $61.2M | ||
| Q1 24 | $116.2M | $36.5M |
毛利率EPAMLCII
| Q4 25 | 30.1% | 22.1% | ||
| Q3 25 | 29.5% | 24.4% | ||
| Q2 25 | 28.8% | 24.4% | ||
| Q1 25 | 26.9% | 24.1% | ||
| Q4 24 | 30.4% | 21.1% | ||
| Q3 24 | 34.6% | 24.0% | ||
| Q2 24 | 29.3% | 25.3% | ||
| Q1 24 | 28.4% | 23.1% |
营业利润率EPAMLCII
| Q4 25 | 10.6% | 3.8% | ||
| Q3 25 | 10.4% | 7.3% | ||
| Q2 25 | 9.3% | 7.9% | ||
| Q1 25 | 7.6% | 7.8% | ||
| Q4 24 | 10.9% | 2.0% | ||
| Q3 24 | 15.2% | 5.9% | ||
| Q2 24 | 10.5% | 8.6% | ||
| Q1 24 | 9.5% | 6.0% |
净利率EPAMLCII
| Q4 25 | 7.8% | 2.0% | ||
| Q3 25 | 7.7% | 6.0% | ||
| Q2 25 | 6.5% | 5.2% | ||
| Q1 25 | 5.6% | 4.7% | ||
| Q4 24 | 8.3% | 1.2% | ||
| Q3 24 | 11.7% | 3.9% | ||
| Q2 24 | 8.6% | 5.8% | ||
| Q1 24 | 10.0% | 3.8% |
每股收益（稀释后）EPAMLCII
| Q4 25 | $1.97 | $0.79 | ||
| Q3 25 | $1.91 | $2.55 | ||
| Q2 25 | $1.56 | $2.29 | ||
| Q1 25 | $1.28 | $1.94 | ||
| Q4 24 | $1.80 | $0.37 | ||
| Q3 24 | $2.37 | $1.39 | ||
| Q2 24 | $1.70 | $2.40 | ||
| Q1 24 | $1.97 | $1.44 |
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 | $222.6M |
| 总债务越低越好 | — | $945.2M |
| 股东权益账面价值 | $3.7B | $1.4B |
| 总资产 | $4.9B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资EPAMLCII
| Q4 25 | $1.3B | $222.6M | ||
| Q3 25 | $1.2B | $199.7M | ||
| Q2 25 | $1.0B | $191.9M | ||
| Q1 25 | $1.2B | $231.2M | ||
| Q4 24 | $1.3B | $165.8M | ||
| Q3 24 | $2.1B | $161.2M | ||
| Q2 24 | $1.8B | $130.4M | ||
| Q1 24 | $2.0B | $22.6M |
总债务EPAMLCII
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
股东权益EPAMLCII
| Q4 25 | $3.7B | $1.4B | ||
| Q3 25 | $3.7B | $1.4B | ||
| Q2 25 | $3.7B | $1.4B | ||
| Q1 25 | $3.6B | $1.4B | ||
| Q4 24 | $3.6B | $1.4B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.4B | $1.4B | ||
| Q1 24 | $3.5B | $1.4B |
总资产EPAMLCII
| Q4 25 | $4.9B | $3.2B | ||
| Q3 25 | $4.8B | $3.2B | ||
| Q2 25 | $4.7B | $3.2B | ||
| Q1 25 | $4.7B | $3.1B | ||
| Q4 24 | $4.8B | $2.9B | ||
| Q3 24 | $4.5B | $3.0B | ||
| Q2 24 | $4.2B | $3.0B | ||
| Q1 24 | $4.4B | $3.0B |
负债/权益比EPAMLCII
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $64.3M |
| 自由现金流率自由现金流/营收 | 19.0% | 6.9% |
| 资本支出强度资本支出/营收 | 1.1% | 1.6% |
| 现金转化率经营现金流/净利润 | 2.59× | 4.22× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $278.3M |
8季度趋势，按日历期对齐
经营现金流EPAMLCII
| Q4 25 | $282.9M | $78.9M | ||
| Q3 25 | $294.7M | $97.2M | ||
| Q2 25 | $53.2M | $112.2M | ||
| Q1 25 | $24.2M | $42.7M | ||
| Q4 24 | $130.3M | $106.6M | ||
| Q3 24 | $242.0M | $78.4M | ||
| Q2 24 | $57.0M | $192.9M | ||
| Q1 24 | $129.9M | $-7.7M |
自由现金流EPAMLCII
| Q4 25 | $268.1M | $64.3M | ||
| Q3 25 | $286.4M | $80.9M | ||
| Q2 25 | $43.4M | $99.5M | ||
| Q1 25 | $14.8M | $33.7M | ||
| Q4 24 | $114.5M | $95.7M | ||
| Q3 24 | $237.0M | $68.3M | ||
| Q2 24 | $52.3M | $180.2M | ||
| Q1 24 | $123.2M | $-16.3M |
自由现金流率EPAMLCII
| Q4 25 | 19.0% | 6.9% | ||
| Q3 25 | 20.5% | 7.8% | ||
| Q2 25 | 3.2% | 9.0% | ||
| Q1 25 | 1.1% | 3.2% | ||
| Q4 24 | 9.2% | 11.9% | ||
| Q3 24 | 20.3% | 7.5% | ||
| Q2 24 | 4.6% | 17.1% | ||
| Q1 24 | 10.6% | -1.7% |
资本支出强度EPAMLCII
| Q4 25 | 1.1% | 1.6% | ||
| Q3 25 | 0.6% | 1.6% | ||
| Q2 25 | 0.7% | 1.2% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.4% | 1.2% | ||
| Q1 24 | 0.6% | 0.9% |
现金转化率EPAMLCII
| Q4 25 | 2.59× | 4.22× | ||
| Q3 25 | 2.76× | 1.55× | ||
| Q2 25 | 0.60× | 1.95× | ||
| Q1 25 | 0.33× | 0.86× | ||
| Q4 24 | 1.26× | 11.17× | ||
| Q3 24 | 1.77× | 2.20× | ||
| Q2 24 | 0.58× | 3.15× | ||
| Q1 24 | 1.12× | -0.21× |
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
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
