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EPAM Systems（EPAM）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
EPAM Systems的季度营收约是美森的1.7倍（$1.4B vs $851.9M），美森净利率更高（16.8% vs 7.8%，领先9.0%），EPAM Systems同比增速更快（12.8% vs -4.3%），EPAM Systems自由现金流更多（$268.1M vs $42.2M），过去两年EPAM Systems的营收复合增速更高（9.9% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
EPAM vs MATX — 直观对比
营收规模更大
EPAM
是对方的1.7倍
$851.9M
营收增速更快
EPAM
高出17.1%
-4.3%
净利率更高
MATX
高出9.0%
7.8%
自由现金流更多
EPAM
多$225.9M
$42.2M
两年增速更快
EPAM
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $851.9M |
| 净利润 | $109.4M | $143.1M |
| 毛利率 | 30.1% | — |
| 营业利润率 | 10.6% | 16.9% |
| 净利率 | 7.8% | 16.8% |
| 营收同比 | 12.8% | -4.3% |
| 净利润同比 | 5.9% | 11.8% |
| 每股收益（稀释后） | $1.97 | $4.47 |
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EPAMMATX
| Q4 25 | $1.4B | $851.9M | ||
| Q3 25 | $1.4B | $880.1M | ||
| Q2 25 | $1.4B | $830.5M | ||
| Q1 25 | $1.3B | $782.0M | ||
| Q4 24 | $1.2B | $890.3M | ||
| Q3 24 | $1.2B | $962.0M | ||
| Q2 24 | $1.1B | $847.4M | ||
| Q1 24 | $1.2B | $722.1M |
净利润EPAMMATX
| Q4 25 | $109.4M | $143.1M | ||
| Q3 25 | $106.8M | $134.7M | ||
| Q2 25 | $88.0M | $94.7M | ||
| Q1 25 | $73.5M | $72.3M | ||
| Q4 24 | $103.3M | $128.0M | ||
| Q3 24 | $136.3M | $199.1M | ||
| Q2 24 | $98.6M | $113.2M | ||
| Q1 24 | $116.2M | $36.1M |
毛利率EPAMMATX
| 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EPAMMATX
| Q4 25 | 10.6% | 16.9% | ||
| Q3 25 | 10.4% | 18.3% | ||
| Q2 25 | 9.3% | 13.6% | ||
| Q1 25 | 7.6% | 10.5% | ||
| Q4 24 | 10.9% | 16.6% | ||
| Q3 24 | 15.2% | 25.2% | ||
| Q2 24 | 10.5% | 14.7% | ||
| Q1 24 | 9.5% | 5.1% |
净利率EPAMMATX
| Q4 25 | 7.8% | 16.8% | ||
| Q3 25 | 7.7% | 15.3% | ||
| Q2 25 | 6.5% | 11.4% | ||
| Q1 25 | 5.6% | 9.2% | ||
| Q4 24 | 8.3% | 14.4% | ||
| Q3 24 | 11.7% | 20.7% | ||
| Q2 24 | 8.6% | 13.4% | ||
| Q1 24 | 10.0% | 5.0% |
每股收益（稀释后）EPAMMATX
| Q4 25 | $1.97 | $4.47 | ||
| Q3 25 | $1.91 | $4.24 | ||
| Q2 25 | $1.56 | $2.92 | ||
| Q1 25 | $1.28 | $2.18 | ||
| Q4 24 | $1.80 | $3.69 | ||
| Q3 24 | $2.37 | $5.89 | ||
| Q2 24 | $1.70 | $3.31 | ||
| Q1 24 | $1.97 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $3.7B | $2.8B |
| 总资产 | $4.9B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资EPAMMATX
| Q4 25 | $1.3B | $141.9M | ||
| Q3 25 | $1.2B | $92.7M | ||
| Q2 25 | $1.0B | $59.1M | ||
| Q1 25 | $1.2B | $122.0M | ||
| Q4 24 | $1.3B | $266.8M | ||
| Q3 24 | $2.1B | $270.3M | ||
| Q2 24 | $1.8B | $168.2M | ||
| Q1 24 | $2.0B | $25.9M |
总债务EPAMMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益EPAMMATX
| Q4 25 | $3.7B | $2.8B | ||
| Q3 25 | $3.7B | $2.7B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.6B | $2.6B | ||
| Q4 24 | $3.6B | $2.7B | ||
| Q3 24 | $3.6B | $2.6B | ||
| Q2 24 | $3.4B | $2.4B | ||
| Q1 24 | $3.5B | $2.4B |
总资产EPAMMATX
| Q4 25 | $4.9B | $4.6B | ||
| Q3 25 | $4.8B | $4.6B | ||
| Q2 25 | $4.7B | $4.5B | ||
| Q1 25 | $4.7B | $4.5B | ||
| Q4 24 | $4.8B | $4.6B | ||
| Q3 24 | $4.5B | $4.4B | ||
| Q2 24 | $4.2B | $4.3B | ||
| Q1 24 | $4.4B | $4.2B |
负债/权益比EPAMMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $42.2M |
| 自由现金流率自由现金流/营收 | 19.0% | 5.0% |
| 资本支出强度资本支出/营收 | 1.1% | 15.8% |
| 现金转化率经营现金流/净利润 | 2.59× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $153.7M |
8季度趋势，按日历期对齐
经营现金流EPAMMATX
| Q4 25 | $282.9M | $176.9M | ||
| Q3 25 | $294.7M | $175.6M | ||
| Q2 25 | $53.2M | $105.6M | ||
| Q1 25 | $24.2M | $89.0M | ||
| Q4 24 | $130.3M | $174.7M | ||
| Q3 24 | $242.0M | $248.6M | ||
| Q2 24 | $57.0M | $307.9M | ||
| Q1 24 | $129.9M | $36.6M |
自由现金流EPAMMATX
| Q4 25 | $268.1M | $42.2M | ||
| Q3 25 | $286.4M | $92.4M | ||
| Q2 25 | $43.4M | $19.3M | ||
| Q1 25 | $14.8M | $-200.0K | ||
| Q4 24 | $114.5M | $49.3M | ||
| Q3 24 | $237.0M | $189.0M | ||
| Q2 24 | $52.3M | $238.1M | ||
| Q1 24 | $123.2M | $-18.7M |
自由现金流率EPAMMATX
| Q4 25 | 19.0% | 5.0% | ||
| Q3 25 | 20.5% | 10.5% | ||
| Q2 25 | 3.2% | 2.3% | ||
| Q1 25 | 1.1% | -0.0% | ||
| Q4 24 | 9.2% | 5.5% | ||
| Q3 24 | 20.3% | 19.6% | ||
| Q2 24 | 4.6% | 28.1% | ||
| Q1 24 | 10.6% | -2.6% |
资本支出强度EPAMMATX
| Q4 25 | 1.1% | 15.8% | ||
| Q3 25 | 0.6% | 9.5% | ||
| Q2 25 | 0.7% | 10.4% | ||
| Q1 25 | 0.7% | 11.4% | ||
| Q4 24 | 1.3% | 14.1% | ||
| Q3 24 | 0.4% | 6.2% | ||
| Q2 24 | 0.4% | 8.2% | ||
| Q1 24 | 0.6% | 7.7% |
现金转化率EPAMMATX
| Q4 25 | 2.59× | 1.24× | ||
| Q3 25 | 2.76× | 1.30× | ||
| Q2 25 | 0.60× | 1.12× | ||
| Q1 25 | 0.33× | 1.23× | ||
| Q4 24 | 1.26× | 1.36× | ||
| Q3 24 | 1.77× | 1.25× | ||
| Q2 24 | 0.58× | 2.72× | ||
| Q1 24 | 1.12× | 1.01× |
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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
