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EPAM Systems（EPAM）与M/I HOMES, INC.（MHO）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M/I HOMES, INC.的1.2倍（$1.4B vs $1.1B），EPAM Systems净利率更高（5.9% vs 5.6%，领先0.3%），EPAM Systems同比增速更快（7.6% vs -4.8%），过去两年EPAM Systems的营收复合增速更高（10.5% vs 4.7%）
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。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
EPAM vs MHO — 直观对比
营收规模更大
EPAM
是对方的1.2倍
$1.1B
营收增速更快
EPAM
高出12.4%
-4.8%
净利率更高
EPAM
高出0.3%
5.6%
两年增速更快
EPAM
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $82.5M | $64.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 8.3% | 6.5% |
| 净利率 | 5.9% | 5.6% |
| 营收同比 | 7.6% | -4.8% |
| 净利润同比 | 12.3% | -52.1% |
| 每股收益（稀释后） | $1.52 | $2.42 |
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EPAMMHO
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $976.1M | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
净利润EPAMMHO
| Q1 26 | $82.5M | — | ||
| Q4 25 | $109.4M | $64.0M | ||
| Q3 25 | $106.8M | $106.5M | ||
| Q2 25 | $88.0M | $121.2M | ||
| Q1 25 | $73.5M | $111.2M | ||
| Q4 24 | $103.3M | $133.5M | ||
| Q3 24 | $136.3M | $145.4M | ||
| Q2 24 | $98.6M | $146.7M |
毛利率EPAMMHO
| Q1 26 | — | — | ||
| Q4 25 | 30.1% | 17.4% | ||
| Q3 25 | 29.5% | 24.5% | ||
| Q2 25 | 28.8% | 24.7% | ||
| Q1 25 | 26.9% | 25.9% | ||
| Q4 24 | 30.4% | 24.6% | ||
| Q3 24 | 34.6% | 27.1% | ||
| Q2 24 | 29.3% | 27.9% |
营业利润率EPAMMHO
| Q1 26 | 8.3% | — | ||
| Q4 25 | 10.6% | 6.5% | ||
| Q3 25 | 10.4% | 12.0% | ||
| Q2 25 | 9.3% | 13.4% | ||
| Q1 25 | 7.6% | 14.4% | ||
| Q4 24 | 10.9% | 13.6% | ||
| Q3 24 | 15.2% | 15.9% | ||
| Q2 24 | 10.5% | 16.8% |
净利率EPAMMHO
| Q1 26 | 5.9% | — | ||
| Q4 25 | 7.8% | 5.6% | ||
| Q3 25 | 7.7% | 9.4% | ||
| Q2 25 | 6.5% | 10.4% | ||
| Q1 25 | 5.6% | 11.4% | ||
| Q4 24 | 8.3% | 11.1% | ||
| Q3 24 | 11.7% | 12.7% | ||
| Q2 24 | 8.6% | 13.2% |
每股收益（稀释后）EPAMMHO
| Q1 26 | $1.52 | — | ||
| Q4 25 | $1.97 | $2.42 | ||
| Q3 25 | $1.91 | $3.92 | ||
| Q2 25 | $1.56 | $4.42 | ||
| Q1 25 | $1.28 | $3.98 | ||
| Q4 24 | $1.80 | $4.71 | ||
| Q3 24 | $2.37 | $5.10 | ||
| Q2 24 | $1.70 | $5.12 |
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 | $3.2B |
| 总资产 | $4.7B | $4.8B |
| 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EPAMMHO
| 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EPAMMHO
| Q1 26 | $165.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EPAMMHO
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.7B | $3.2B | ||
| Q3 25 | $3.7B | $3.1B | ||
| Q2 25 | $3.7B | $3.1B | ||
| Q1 25 | $3.6B | $3.0B | ||
| Q4 24 | $3.6B | $2.9B | ||
| Q3 24 | $3.6B | $2.8B | ||
| Q2 24 | $3.4B | $2.7B |
总资产EPAMMHO
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.9B | $4.8B | ||
| Q3 25 | $4.8B | $4.8B | ||
| Q2 25 | $4.7B | $4.7B | ||
| Q1 25 | $4.7B | $4.6B | ||
| Q4 24 | $4.8B | $4.5B | ||
| Q3 24 | $4.5B | $4.5B | ||
| Q2 24 | $4.2B | $4.3B |
负债/权益比EPAMMHO
| 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 | — | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-13.0M |
| 自由现金流率自由现金流/营收 | — | -1.1% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | -0.14× |
| 过去12个月自由现金流最近4个季度 | — | $127.7M |
8季度趋势，按日历期对齐
经营现金流EPAMMHO
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $-8.7M | ||
| Q3 25 | $294.7M | $43.4M | ||
| Q2 25 | $53.2M | $37.8M | ||
| Q1 25 | $24.2M | $64.9M | ||
| Q4 24 | $130.3M | $104.4M | ||
| Q3 24 | $242.0M | $-67.9M | ||
| Q2 24 | $57.0M | $27.5M |
自由现金流EPAMMHO
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $-13.0M | ||
| Q3 25 | $286.4M | $42.0M | ||
| Q2 25 | $43.4M | $35.1M | ||
| Q1 25 | $14.8M | $63.5M | ||
| Q4 24 | $114.5M | $102.3M | ||
| Q3 24 | $237.0M | $-68.5M | ||
| Q2 24 | $52.3M | $22.0M |
自由现金流率EPAMMHO
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | -1.1% | ||
| Q3 25 | 20.5% | 3.7% | ||
| Q2 25 | 3.2% | 3.0% | ||
| Q1 25 | 1.1% | 6.5% | ||
| Q4 24 | 9.2% | 8.5% | ||
| Q3 24 | 20.3% | -6.0% | ||
| Q2 24 | 4.6% | 2.0% |
资本支出强度EPAMMHO
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.4% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.4% | 0.5% |
现金转化率EPAMMHO
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | -0.14× | ||
| Q3 25 | 2.76× | 0.41× | ||
| Q2 25 | 0.60× | 0.31× | ||
| Q1 25 | 0.33× | 0.58× | ||
| Q4 24 | 1.26× | 0.78× | ||
| Q3 24 | 1.77× | -0.47× | ||
| Q2 24 | 0.58× | 0.19× |
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
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
