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EPAM Systems（EPAM）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
EPAM Systems的季度营收约是利氏兄弟拍卖行的1.2倍（$1.4B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 7.8%，领先1.3%），EPAM Systems同比增速更快（12.8% vs 5.4%），EPAM Systems自由现金流更多（$268.1M vs $186.5M），过去两年EPAM Systems的营收复合增速更高（9.9% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
EPAM vs RBA — 直观对比
营收规模更大
EPAM
是对方的1.2倍
$1.2B
营收增速更快
EPAM
高出7.3%
5.4%
净利率更高
RBA
高出1.3%
7.8%
自由现金流更多
EPAM
多$81.6M
$186.5M
两年增速更快
EPAM
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $109.4M | $109.7M |
| 毛利率 | 30.1% | — |
| 营业利润率 | 10.6% | 14.7% |
| 净利率 | 7.8% | 9.1% |
| 营收同比 | 12.8% | 5.4% |
| 净利润同比 | 5.9% | -7.4% |
| 每股收益（稀释后） | $1.97 | $0.53 |
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EPAMRBA
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $981.8M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
净利润EPAMRBA
| Q4 25 | $109.4M | $109.7M | ||
| Q3 25 | $106.8M | $95.5M | ||
| Q2 25 | $88.0M | $109.8M | ||
| Q1 25 | $73.5M | $113.4M | ||
| Q4 24 | $103.3M | $118.5M | ||
| Q3 24 | $136.3M | $76.1M | ||
| Q2 24 | $98.6M | $111.1M | ||
| Q1 24 | $116.2M | $107.4M |
毛利率EPAMRBA
| 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EPAMRBA
| Q4 25 | 10.6% | 14.7% | ||
| Q3 25 | 10.4% | 14.5% | ||
| Q2 25 | 9.3% | 15.9% | ||
| Q1 25 | 7.6% | 17.1% | ||
| Q4 24 | 10.9% | 18.1% | ||
| Q3 24 | 15.2% | 15.6% | ||
| Q2 24 | 10.5% | 18.4% | ||
| Q1 24 | 9.5% | 18.7% |
净利率EPAMRBA
| Q4 25 | 7.8% | 9.1% | ||
| Q3 25 | 7.7% | 8.7% | ||
| Q2 25 | 6.5% | 9.3% | ||
| Q1 25 | 5.6% | 10.2% | ||
| Q4 24 | 8.3% | 10.4% | ||
| Q3 24 | 11.7% | 7.8% | ||
| Q2 24 | 8.6% | 10.1% | ||
| Q1 24 | 10.0% | 10.1% |
每股收益（稀释后）EPAMRBA
| Q4 25 | $1.97 | $0.53 | ||
| Q3 25 | $1.91 | $0.43 | ||
| Q2 25 | $1.56 | $0.53 | ||
| Q1 25 | $1.28 | $0.55 | ||
| Q4 24 | $1.80 | $0.58 | ||
| Q3 24 | $2.37 | $0.36 | ||
| Q2 24 | $1.70 | $0.54 | ||
| Q1 24 | $1.97 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $3.7B | $5.6B |
| 总资产 | $4.9B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资EPAMRBA
| Q4 25 | $1.3B | $531.5M | ||
| Q3 25 | $1.2B | $674.7M | ||
| Q2 25 | $1.0B | $710.2M | ||
| Q1 25 | $1.2B | $578.1M | ||
| Q4 24 | $1.3B | $533.9M | ||
| Q3 24 | $2.1B | $650.7M | ||
| Q2 24 | $1.8B | $599.5M | ||
| Q1 24 | $2.0B | $462.8M |
总债务EPAMRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益EPAMRBA
| Q4 25 | $3.7B | $5.6B | ||
| Q3 25 | $3.7B | $5.5B | ||
| Q2 25 | $3.7B | $5.5B | ||
| Q1 25 | $3.6B | $5.3B | ||
| Q4 24 | $3.6B | $5.2B | ||
| Q3 24 | $3.6B | $5.2B | ||
| Q2 24 | $3.4B | $5.2B | ||
| Q1 24 | $3.5B | $5.1B |
总资产EPAMRBA
| Q4 25 | $4.9B | $12.1B | ||
| Q3 25 | $4.8B | $12.2B | ||
| Q2 25 | $4.7B | $12.2B | ||
| Q1 25 | $4.7B | $11.9B | ||
| Q4 24 | $4.8B | $11.8B | ||
| Q3 24 | $4.5B | $11.9B | ||
| Q2 24 | $4.2B | $12.1B | ||
| Q1 24 | $4.4B | $12.0B |
负债/权益比EPAMRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $186.5M |
| 自由现金流率自由现金流/营收 | 19.0% | 15.5% |
| 资本支出强度资本支出/营收 | 1.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.59× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $719.2M |
8季度趋势，按日历期对齐
经营现金流EPAMRBA
| Q4 25 | $282.9M | $255.2M | ||
| Q3 25 | $294.7M | $239.7M | ||
| Q2 25 | $53.2M | $326.5M | ||
| Q1 25 | $24.2M | $156.8M | ||
| Q4 24 | $130.3M | $184.5M | ||
| Q3 24 | $242.0M | $285.4M | ||
| Q2 24 | $57.0M | $337.3M | ||
| Q1 24 | $129.9M | $124.8M |
自由现金流EPAMRBA
| Q4 25 | $268.1M | $186.5M | ||
| Q3 25 | $286.4M | $188.5M | ||
| Q2 25 | $43.4M | $241.7M | ||
| Q1 25 | $14.8M | $102.5M | ||
| Q4 24 | $114.5M | $127.9M | ||
| Q3 24 | $237.0M | $248.5M | ||
| Q2 24 | $52.3M | $308.6M | ||
| Q1 24 | $123.2M | $79.6M |
自由现金流率EPAMRBA
| Q4 25 | 19.0% | 15.5% | ||
| Q3 25 | 20.5% | 17.3% | ||
| Q2 25 | 3.2% | 20.4% | ||
| Q1 25 | 1.1% | 9.2% | ||
| Q4 24 | 9.2% | 11.2% | ||
| Q3 24 | 20.3% | 25.3% | ||
| Q2 24 | 4.6% | 28.2% | ||
| Q1 24 | 10.6% | 7.5% |
资本支出强度EPAMRBA
| Q4 25 | 1.1% | 5.7% | ||
| Q3 25 | 0.6% | 4.7% | ||
| Q2 25 | 0.7% | 7.2% | ||
| Q1 25 | 0.7% | 4.9% | ||
| Q4 24 | 1.3% | 5.0% | ||
| Q3 24 | 0.4% | 3.8% | ||
| Q2 24 | 0.4% | 2.6% | ||
| Q1 24 | 0.6% | 4.2% |
现金转化率EPAMRBA
| Q4 25 | 2.59× | 2.33× | ||
| Q3 25 | 2.76× | 2.51× | ||
| Q2 25 | 0.60× | 2.97× | ||
| Q1 25 | 0.33× | 1.38× | ||
| Q4 24 | 1.26× | 1.56× | ||
| Q3 24 | 1.77× | 3.75× | ||
| Q2 24 | 0.58× | 3.04× | ||
| Q1 24 | 1.12× | 1.16× |
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
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
