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EPAM Systems（EPAM）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是EPAM Systems的1.4倍（$1.9B vs $1.4B），Masco净利率更高（11.9% vs 7.8%，领先4.1%），EPAM Systems同比增速更快（12.8% vs 6.5%），过去两年EPAM Systems的营收复合增速更高（9.9% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
EPAM vs MAS — 直观对比
营收规模更大
MAS
是对方的1.4倍
$1.4B
营收增速更快
EPAM
高出6.3%
6.5%
净利率更高
MAS
高出4.1%
7.8%
两年增速更快
EPAM
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.9B |
| 净利润 | $109.4M | $228.0M |
| 毛利率 | 30.1% | 35.8% |
| 营业利润率 | 10.6% | 16.5% |
| 净利率 | 7.8% | 11.9% |
| 营收同比 | 12.8% | 6.5% |
| 净利润同比 | 5.9% | 14.5% |
| 每股收益（稀释后） | $1.97 | — |
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EPAMMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.1B | $2.1B |
净利润EPAMMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $109.4M | $165.0M | ||
| Q3 25 | $106.8M | $189.0M | ||
| Q2 25 | $88.0M | $270.0M | ||
| Q1 25 | $73.5M | $186.0M | ||
| Q4 24 | $103.3M | $182.0M | ||
| Q3 24 | $136.3M | $167.0M | ||
| Q2 24 | $98.6M | $258.0M |
毛利率EPAMMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 30.1% | 33.9% | ||
| Q3 25 | 29.5% | 34.2% | ||
| Q2 25 | 28.8% | 37.6% | ||
| Q1 25 | 26.9% | 35.8% | ||
| Q4 24 | 30.4% | 34.8% | ||
| Q3 24 | 34.6% | 36.6% | ||
| Q2 24 | 29.3% | 37.5% |
营业利润率EPAMMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 10.6% | 13.8% | ||
| Q3 25 | 10.4% | 15.8% | ||
| Q2 25 | 9.3% | 20.1% | ||
| Q1 25 | 7.6% | 15.9% | ||
| Q4 24 | 10.9% | 15.9% | ||
| Q3 24 | 15.2% | 18.0% | ||
| Q2 24 | 10.5% | 19.0% |
净利率EPAMMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 7.8% | 9.2% | ||
| Q3 25 | 7.7% | 9.9% | ||
| Q2 25 | 6.5% | 13.2% | ||
| Q1 25 | 5.6% | 10.3% | ||
| Q4 24 | 8.3% | 10.0% | ||
| Q3 24 | 11.7% | 8.4% | ||
| Q2 24 | 8.6% | 12.3% |
每股收益（稀释后）EPAMMAS
| Q1 26 | — | — | ||
| Q4 25 | $1.97 | $0.81 | ||
| Q3 25 | $1.91 | $0.90 | ||
| Q2 25 | $1.56 | $1.28 | ||
| Q1 25 | $1.28 | $0.87 | ||
| Q4 24 | $1.80 | $0.85 | ||
| Q3 24 | $2.37 | $0.77 | ||
| Q2 24 | $1.70 | $1.17 |
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 | — |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $3.7B | $27.0M |
| 总资产 | $4.9B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资EPAMMAS
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $647.0M | ||
| Q3 25 | $1.2B | $559.0M | ||
| Q2 25 | $1.0B | $390.0M | ||
| Q1 25 | $1.2B | $377.0M | ||
| Q4 24 | $1.3B | $634.0M | ||
| Q3 24 | $2.1B | $646.0M | ||
| Q2 24 | $1.8B | $398.0M |
总债务EPAMMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EPAMMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $3.7B | $-185.0M | ||
| Q3 25 | $3.7B | $-78.0M | ||
| Q2 25 | $3.7B | $-84.0M | ||
| Q1 25 | $3.6B | $-254.0M | ||
| Q4 24 | $3.6B | $-279.0M | ||
| Q3 24 | $3.6B | $-88.0M | ||
| Q2 24 | $3.4B | $-26.0M |
总资产EPAMMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $4.9B | $5.2B | ||
| Q3 25 | $4.8B | $5.3B | ||
| Q2 25 | $4.7B | $5.3B | ||
| Q1 25 | $4.7B | $5.1B | ||
| Q4 24 | $4.8B | $5.0B | ||
| Q3 24 | $4.5B | $5.3B | ||
| Q2 24 | $4.2B | $5.4B |
负债/权益比EPAMMAS
| Q1 26 | — | 109.07× | ||
| 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 | $282.9M | — |
| 自由现金流经营现金流 - 资本支出 | $268.1M | — |
| 自由现金流率自由现金流/营收 | 19.0% | — |
| 资本支出强度资本支出/营收 | 1.1% | 1.8% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流EPAMMAS
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $418.0M | ||
| Q3 25 | $294.7M | $456.0M | ||
| Q2 25 | $53.2M | $306.0M | ||
| Q1 25 | $24.2M | $-158.0M | ||
| Q4 24 | $130.3M | $407.0M | ||
| Q3 24 | $242.0M | $416.0M | ||
| Q2 24 | $57.0M | $346.0M |
自由现金流EPAMMAS
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $371.0M | ||
| Q3 25 | $286.4M | $415.0M | ||
| Q2 25 | $43.4M | $270.0M | ||
| Q1 25 | $14.8M | $-190.0M | ||
| Q4 24 | $114.5M | $351.0M | ||
| Q3 24 | $237.0M | $378.0M | ||
| Q2 24 | $52.3M | $303.0M |
自由现金流率EPAMMAS
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 20.7% | ||
| Q3 25 | 20.5% | 21.6% | ||
| Q2 25 | 3.2% | 13.2% | ||
| Q1 25 | 1.1% | -10.5% | ||
| Q4 24 | 9.2% | 19.2% | ||
| Q3 24 | 20.3% | 19.1% | ||
| Q2 24 | 4.6% | 14.5% |
资本支出强度EPAMMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 1.1% | 2.6% | ||
| Q3 25 | 0.6% | 2.1% | ||
| Q2 25 | 0.7% | 1.8% | ||
| Q1 25 | 0.7% | 1.8% | ||
| Q4 24 | 1.3% | 3.1% | ||
| Q3 24 | 0.4% | 1.9% | ||
| Q2 24 | 0.4% | 2.1% |
现金转化率EPAMMAS
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 2.53× | ||
| Q3 25 | 2.76× | 2.41× | ||
| Q2 25 | 0.60× | 1.13× | ||
| Q1 25 | 0.33× | -0.85× | ||
| Q4 24 | 1.26× | 2.24× | ||
| Q3 24 | 1.77× | 2.49× | ||
| Q2 24 | 0.58× | 1.34× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
