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EPAM Systems（EPAM）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
EPAM Systems的季度营收约是罗致恒富的1.1倍（$1.4B vs $1.3B），EPAM Systems同比增速更快（12.8% vs -5.8%），EPAM Systems自由现金流更多（$268.1M vs $170.8M），过去两年EPAM Systems的营收复合增速更高（9.9% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
EPAM vs RHI — 直观对比
营收规模更大
EPAM
是对方的1.1倍
$1.3B
营收增速更快
EPAM
高出18.5%
-5.8%
自由现金流更多
EPAM
多$97.3M
$170.8M
两年增速更快
EPAM
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $109.4M | — |
| 毛利率 | 30.1% | 37.6% |
| 营业利润率 | 10.6% | 1.7% |
| 净利率 | 7.8% | — |
| 营收同比 | 12.8% | -5.8% |
| 净利润同比 | 5.9% | — |
| 每股收益（稀释后） | $1.97 | $0.32 |
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EPAMRHI
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
净利润EPAMRHI
| Q4 25 | $109.4M | — | ||
| Q3 25 | $106.8M | $42.9M | ||
| Q2 25 | $88.0M | $41.0M | ||
| Q1 25 | $73.5M | $17.4M | ||
| Q4 24 | $103.3M | — | ||
| Q3 24 | $136.3M | $65.5M | ||
| Q2 24 | $98.6M | $68.2M | ||
| Q1 24 | $116.2M | $63.7M |
毛利率EPAMRHI
| Q4 25 | 30.1% | 37.6% | ||
| Q3 25 | 29.5% | 37.2% | ||
| Q2 25 | 28.8% | 37.2% | ||
| Q1 25 | 26.9% | 36.9% | ||
| Q4 24 | 30.4% | 38.8% | ||
| Q3 24 | 34.6% | 39.0% | ||
| Q2 24 | 29.3% | 39.2% | ||
| Q1 24 | 28.4% | 38.1% |
营业利润率EPAMRHI
| Q4 25 | 10.6% | 1.7% | ||
| Q3 25 | 10.4% | 1.0% | ||
| Q2 25 | 9.3% | 0.1% | ||
| Q1 25 | 7.6% | 2.9% | ||
| Q4 24 | 10.9% | 4.7% | ||
| Q3 24 | 15.2% | 4.1% | ||
| Q2 24 | 10.5% | 5.1% | ||
| Q1 24 | 9.5% | 2.8% |
净利率EPAMRHI
| Q4 25 | 7.8% | — | ||
| Q3 25 | 7.7% | 3.2% | ||
| Q2 25 | 6.5% | 3.0% | ||
| Q1 25 | 5.6% | 1.3% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 11.7% | 4.5% | ||
| Q2 24 | 8.6% | 4.6% | ||
| Q1 24 | 10.0% | 4.3% |
每股收益（稀释后）EPAMRHI
| Q4 25 | $1.97 | $0.32 | ||
| Q3 25 | $1.91 | $0.43 | ||
| Q2 25 | $1.56 | $0.41 | ||
| Q1 25 | $1.28 | $0.17 | ||
| Q4 24 | $1.80 | $0.53 | ||
| Q3 24 | $2.37 | $0.64 | ||
| Q2 24 | $1.70 | $0.66 | ||
| Q1 24 | $1.97 | $0.61 |
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 | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $1.3B |
| 总资产 | $4.9B | $2.9B |
| 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EPAMRHI
| Q4 25 | $1.3B | $464.4M | ||
| Q3 25 | $1.2B | $365.3M | ||
| Q2 25 | $1.0B | $380.5M | ||
| Q1 25 | $1.2B | $342.5M | ||
| Q4 24 | $1.3B | $537.6M | ||
| Q3 24 | $2.1B | $570.5M | ||
| Q2 24 | $1.8B | $547.4M | ||
| Q1 24 | $2.0B | $540.9M |
股东权益EPAMRHI
| Q4 25 | $3.7B | $1.3B | ||
| Q3 25 | $3.7B | $1.3B | ||
| Q2 25 | $3.7B | $1.3B | ||
| Q1 25 | $3.6B | $1.3B | ||
| Q4 24 | $3.6B | $1.4B | ||
| Q3 24 | $3.6B | $1.5B | ||
| Q2 24 | $3.4B | $1.5B | ||
| Q1 24 | $3.5B | $1.5B |
总资产EPAMRHI
| Q4 25 | $4.9B | $2.9B | ||
| Q3 25 | $4.8B | $2.8B | ||
| Q2 25 | $4.7B | $2.8B | ||
| Q1 25 | $4.7B | $2.7B | ||
| Q4 24 | $4.8B | $2.9B | ||
| Q3 24 | $4.5B | $3.0B | ||
| Q2 24 | $4.2B | $2.9B | ||
| Q1 24 | $4.4B | $2.9B |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $170.8M |
| 自由现金流率自由现金流/营收 | 19.0% | 13.1% |
| 资本支出强度资本支出/营收 | 1.1% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流EPAMRHI
| Q4 25 | $282.9M | $182.5M | ||
| Q3 25 | $294.7M | $77.4M | ||
| Q2 25 | $53.2M | $119.4M | ||
| Q1 25 | $24.2M | $-59.3M | ||
| Q4 24 | $130.3M | $154.8M | ||
| Q3 24 | $242.0M | $129.6M | ||
| Q2 24 | $57.0M | $142.0M | ||
| Q1 24 | $129.9M | $-15.9M |
自由现金流EPAMRHI
| Q4 25 | $268.1M | $170.8M | ||
| Q3 25 | $286.4M | $63.6M | ||
| Q2 25 | $43.4M | $104.2M | ||
| Q1 25 | $14.8M | $-71.7M | ||
| Q4 24 | $114.5M | $140.5M | ||
| Q3 24 | $237.0M | $111.8M | ||
| Q2 24 | $52.3M | $129.6M | ||
| Q1 24 | $123.2M | $-27.7M |
自由现金流率EPAMRHI
| Q4 25 | 19.0% | 13.1% | ||
| Q3 25 | 20.5% | 4.7% | ||
| Q2 25 | 3.2% | 7.6% | ||
| Q1 25 | 1.1% | -5.3% | ||
| Q4 24 | 9.2% | 10.2% | ||
| Q3 24 | 20.3% | 7.6% | ||
| Q2 24 | 4.6% | 8.8% | ||
| Q1 24 | 10.6% | -1.9% |
资本支出强度EPAMRHI
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 0.6% | 1.0% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 1.3% | 1.0% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 0.4% | 0.8% | ||
| Q1 24 | 0.6% | 0.8% |
现金转化率EPAMRHI
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | 1.80× | ||
| Q2 25 | 0.60× | 2.91× | ||
| Q1 25 | 0.33× | -3.42× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | 1.98× | ||
| Q2 24 | 0.58× | 2.08× | ||
| Q1 24 | 1.12× | -0.25× |
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
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
