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EPAM Systems（EPAM）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
豪士科的季度营收约是EPAM Systems的1.9倍（$2.7B vs $1.4B），EPAM Systems净利率更高（7.8% vs 5.0%，领先2.8%），EPAM Systems同比增速更快（12.8% vs 3.5%），豪士科自由现金流更多（$540.3M vs $268.1M），过去两年EPAM Systems的营收复合增速更高（9.9% vs 2.8%）
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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
EPAM vs OSK — 直观对比
营收规模更大
OSK
是对方的1.9倍
$1.4B
营收增速更快
EPAM
高出9.3%
3.5%
净利率更高
EPAM
高出2.8%
5.0%
自由现金流更多
OSK
多$272.2M
$268.1M
两年增速更快
EPAM
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.7B |
| 净利润 | $109.4M | $133.8M |
| 毛利率 | 30.1% | 15.8% |
| 营业利润率 | 10.6% | 7.9% |
| 净利率 | 7.8% | 5.0% |
| 营收同比 | 12.8% | 3.5% |
| 净利润同比 | 5.9% | -12.6% |
| 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EPAMOSK
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $1.2B | $2.5B |
净利润EPAMOSK
| Q4 25 | $109.4M | $133.8M | ||
| Q3 25 | $106.8M | $196.2M | ||
| Q2 25 | $88.0M | $204.8M | ||
| Q1 25 | $73.5M | $112.2M | ||
| Q4 24 | $103.3M | $153.1M | ||
| Q3 24 | $136.3M | $180.3M | ||
| Q2 24 | $98.6M | $168.6M | ||
| Q1 24 | $116.2M | $179.4M |
毛利率EPAMOSK
| Q4 25 | 30.1% | 15.8% | ||
| Q3 25 | 29.5% | 17.5% | ||
| Q2 25 | 28.8% | 19.2% | ||
| Q1 25 | 26.9% | 17.3% | ||
| Q4 24 | 30.4% | 17.2% | ||
| Q3 24 | 34.6% | 18.5% | ||
| Q2 24 | 29.3% | 19.2% | ||
| Q1 24 | 28.4% | 18.5% |
营业利润率EPAMOSK
| Q4 25 | 10.6% | 7.9% | ||
| Q3 25 | 10.4% | 9.7% | ||
| Q2 25 | 9.3% | 10.7% | ||
| Q1 25 | 7.6% | 7.6% | ||
| Q4 24 | 10.9% | 8.6% | ||
| Q3 24 | 15.2% | 9.7% | ||
| Q2 24 | 10.5% | 9.2% | ||
| Q1 24 | 9.5% | 10.2% |
净利率EPAMOSK
| Q4 25 | 7.8% | 5.0% | ||
| Q3 25 | 7.7% | 7.3% | ||
| Q2 25 | 6.5% | 7.5% | ||
| Q1 25 | 5.6% | 4.9% | ||
| Q4 24 | 8.3% | 5.9% | ||
| Q3 24 | 11.7% | 6.6% | ||
| Q2 24 | 8.6% | 5.9% | ||
| Q1 24 | 10.0% | 7.1% |
每股收益（稀释后）EPAMOSK
| Q4 25 | $1.97 | — | ||
| Q3 25 | $1.91 | — | ||
| Q2 25 | $1.56 | — | ||
| Q1 25 | $1.28 | — | ||
| Q4 24 | $1.80 | — | ||
| Q3 24 | $2.37 | — | ||
| Q2 24 | $1.70 | — | ||
| Q1 24 | $1.97 | — |
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 | $479.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $4.5B |
| 总资产 | $4.9B | $10.1B |
| 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EPAMOSK
| Q4 25 | $1.3B | $479.8M | ||
| Q3 25 | $1.2B | $211.8M | ||
| Q2 25 | $1.0B | $191.7M | ||
| Q1 25 | $1.2B | $210.3M | ||
| Q4 24 | $1.3B | $204.9M | ||
| Q3 24 | $2.1B | $160.9M | ||
| Q2 24 | $1.8B | $141.4M | ||
| Q1 24 | $2.0B | $69.9M |
总债务EPAMOSK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $602.3M | ||
| Q2 24 | — | $599.1M | ||
| Q1 24 | — | $598.9M |
股东权益EPAMOSK
| Q4 25 | $3.7B | $4.5B | ||
| Q3 25 | $3.7B | $4.5B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.6B | $4.2B | ||
| Q4 24 | $3.6B | $4.2B | ||
| Q3 24 | $3.6B | $4.1B | ||
| Q2 24 | $3.4B | $3.9B | ||
| Q1 24 | $3.5B | $3.8B |
总资产EPAMOSK
| Q4 25 | $4.9B | $10.1B | ||
| Q3 25 | $4.8B | $9.8B | ||
| Q2 25 | $4.7B | $10.0B | ||
| Q1 25 | $4.7B | $9.8B | ||
| Q4 24 | $4.8B | $9.4B | ||
| Q3 24 | $4.5B | $9.9B | ||
| Q2 24 | $4.2B | $9.7B | ||
| Q1 24 | $4.4B | $9.5B |
负债/权益比EPAMOSK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× | ||
| 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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $540.3M |
| 自由现金流率自由现金流/营收 | 19.0% | 20.1% |
| 资本支出强度资本支出/营收 | 1.1% | 2.2% |
| 现金转化率经营现金流/净利润 | 2.59× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $618.0M |
8季度趋势，按日历期对齐
经营现金流EPAMOSK
| Q4 25 | $282.9M | $600.1M | ||
| Q3 25 | $294.7M | $489.0M | ||
| Q2 25 | $53.2M | $89.2M | ||
| Q1 25 | $24.2M | $-394.9M | ||
| Q4 24 | $130.3M | $790.8M | ||
| Q3 24 | $242.0M | $326.1M | ||
| Q2 24 | $57.0M | $-211.0M | ||
| Q1 24 | $129.9M | $-355.8M |
自由现金流EPAMOSK
| Q4 25 | $268.1M | $540.3M | ||
| Q3 25 | $286.4M | $464.3M | ||
| Q2 25 | $43.4M | $48.6M | ||
| Q1 25 | $14.8M | $-435.2M | ||
| Q4 24 | $114.5M | $703.3M | ||
| Q3 24 | $237.0M | $272.2M | ||
| Q2 24 | $52.3M | $-250.5M | ||
| Q1 24 | $123.2M | $-455.9M |
自由现金流率EPAMOSK
| Q4 25 | 19.0% | 20.1% | ||
| Q3 25 | 20.5% | 17.3% | ||
| Q2 25 | 3.2% | 1.8% | ||
| Q1 25 | 1.1% | -18.8% | ||
| Q4 24 | 9.2% | 27.1% | ||
| Q3 24 | 20.3% | 9.9% | ||
| Q2 24 | 4.6% | -8.8% | ||
| Q1 24 | 10.6% | -17.9% |
资本支出强度EPAMOSK
| Q4 25 | 1.1% | 2.2% | ||
| Q3 25 | 0.6% | 0.9% | ||
| Q2 25 | 0.7% | 1.5% | ||
| Q1 25 | 0.7% | 1.7% | ||
| Q4 24 | 1.3% | 3.4% | ||
| Q3 24 | 0.4% | 2.0% | ||
| Q2 24 | 0.4% | 1.4% | ||
| Q1 24 | 0.6% | 3.9% |
现金转化率EPAMOSK
| Q4 25 | 2.59× | 4.49× | ||
| Q3 25 | 2.76× | 2.49× | ||
| Q2 25 | 0.60× | 0.44× | ||
| Q1 25 | 0.33× | -3.52× | ||
| Q4 24 | 1.26× | 5.17× | ||
| Q3 24 | 1.77× | 1.81× | ||
| Q2 24 | 0.58× | -1.25× | ||
| Q1 24 | 1.12× | -1.98× |
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
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
