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EPAM Systems（EPAM）与Rivian Automotive, Inc.（RIVN）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Rivian Automotive, Inc.的1.1倍（$1.4B vs $1.3B），EPAM Systems净利率更高（7.8% vs -63.1%，领先70.8%），EPAM Systems同比增速更快（12.8% vs -25.8%），EPAM Systems自由现金流更多（$268.1M vs $-1.1B），过去两年EPAM Systems的营收复合增速更高（9.9% vs 3.3%）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
EPAM vs RIVN — 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38.6%
-25.8%
净利率更高
EPAM
高出70.8%
-63.1%
自由现金流更多
EPAM
多$1.4B
$-1.1B
两年增速更快
EPAM
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $109.4M | $-811.0M |
| 毛利率 | 30.1% | 9.3% |
| 营业利润率 | 10.6% | -64.8% |
| 净利率 | 7.8% | -63.1% |
| 营收同比 | 12.8% | -25.8% |
| 净利润同比 | 5.9% | -9.0% |
| 每股收益（稀释后） | $1.97 | $-0.66 |
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EPAMRIVN
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $874.0M | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
净利润EPAMRIVN
| Q4 25 | $109.4M | $-811.0M | ||
| Q3 25 | $106.8M | $-1.2B | ||
| Q2 25 | $88.0M | $-1.1B | ||
| Q1 25 | $73.5M | $-545.0M | ||
| Q4 24 | $103.3M | $-744.0M | ||
| Q3 24 | $136.3M | $-1.1B | ||
| Q2 24 | $98.6M | $-1.5B | ||
| Q1 24 | $116.2M | $-1.4B |
毛利率EPAMRIVN
| Q4 25 | 30.1% | 9.3% | ||
| Q3 25 | 29.5% | 1.5% | ||
| Q2 25 | 28.8% | -15.8% | ||
| Q1 25 | 26.9% | 16.6% | ||
| Q4 24 | 30.4% | 9.8% | ||
| Q3 24 | 34.6% | -44.9% | ||
| Q2 24 | 29.3% | -38.9% | ||
| Q1 24 | 28.4% | -43.8% |
营业利润率EPAMRIVN
| Q4 25 | 10.6% | -64.8% | ||
| Q3 25 | 10.4% | -63.1% | ||
| Q2 25 | 9.3% | -85.5% | ||
| Q1 25 | 7.6% | -52.8% | ||
| Q4 24 | 10.9% | -38.1% | ||
| Q3 24 | 15.2% | -133.8% | ||
| Q2 24 | 10.5% | -118.7% | ||
| Q1 24 | 9.5% | -123.3% |
净利率EPAMRIVN
| Q4 25 | 7.8% | -63.1% | ||
| Q3 25 | 7.7% | -75.3% | ||
| Q2 25 | 6.5% | -85.7% | ||
| Q1 25 | 5.6% | -44.0% | ||
| Q4 24 | 8.3% | -42.9% | ||
| Q3 24 | 11.7% | -125.9% | ||
| Q2 24 | 8.6% | -125.8% | ||
| Q1 24 | 10.0% | -120.1% |
每股收益（稀释后）EPAMRIVN
| Q4 25 | $1.97 | $-0.66 | ||
| Q3 25 | $1.91 | $-0.96 | ||
| Q2 25 | $1.56 | $-0.97 | ||
| Q1 25 | $1.28 | $-0.48 | ||
| Q4 24 | $1.80 | $-0.67 | ||
| Q3 24 | $2.37 | $-1.08 | ||
| Q2 24 | $1.70 | $-1.46 | ||
| Q1 24 | $1.97 | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $4.6B |
| 总资产 | $4.9B | $14.9B |
| 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EPAMRIVN
| Q4 25 | $1.3B | $6.1B | ||
| Q3 25 | $1.2B | $7.1B | ||
| Q2 25 | $1.0B | $7.5B | ||
| Q1 25 | $1.2B | $7.2B | ||
| Q4 24 | $1.3B | $7.7B | ||
| Q3 24 | $2.1B | $6.7B | ||
| Q2 24 | $1.8B | $7.9B | ||
| Q1 24 | $2.0B | $7.9B |
总债务EPAMRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益EPAMRIVN
| Q4 25 | $3.7B | $4.6B | ||
| Q3 25 | $3.7B | $5.1B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $3.6B | $6.2B | ||
| Q4 24 | $3.6B | $6.6B | ||
| Q3 24 | $3.6B | $5.9B | ||
| Q2 24 | $3.4B | $6.8B | ||
| Q1 24 | $3.5B | $8.1B |
总资产EPAMRIVN
| Q4 25 | $4.9B | $14.9B | ||
| Q3 25 | $4.8B | $15.2B | ||
| Q2 25 | $4.7B | $15.6B | ||
| Q1 25 | $4.7B | $15.5B | ||
| Q4 24 | $4.8B | $15.4B | ||
| Q3 24 | $4.5B | $14.3B | ||
| Q2 24 | $4.2B | $15.4B | ||
| Q1 24 | $4.4B | $15.7B |
负债/权益比EPAMRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $-1.1B |
| 自由现金流率自由现金流/营收 | 19.0% | -89.0% |
| 资本支出强度资本支出/营收 | 1.1% | 36.0% |
| 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 | $-2.5B |
8季度趋势，按日历期对齐
经营现金流EPAMRIVN
| Q4 25 | $282.9M | $-681.0M | ||
| Q3 25 | $294.7M | $26.0M | ||
| Q2 25 | $53.2M | $64.0M | ||
| Q1 25 | $24.2M | $-188.0M | ||
| Q4 24 | $130.3M | $1.2B | ||
| Q3 24 | $242.0M | $-876.0M | ||
| Q2 24 | $57.0M | $-754.0M | ||
| Q1 24 | $129.9M | $-1.3B |
自由现金流EPAMRIVN
| Q4 25 | $268.1M | $-1.1B | ||
| Q3 25 | $286.4M | $-421.0M | ||
| Q2 25 | $43.4M | $-398.0M | ||
| Q1 25 | $14.8M | $-526.0M | ||
| Q4 24 | $114.5M | $856.0M | ||
| Q3 24 | $237.0M | $-1.2B | ||
| Q2 24 | $52.3M | $-1.0B | ||
| Q1 24 | $123.2M | $-1.5B |
自由现金流率EPAMRIVN
| Q4 25 | 19.0% | -89.0% | ||
| Q3 25 | 20.5% | -27.0% | ||
| Q2 25 | 3.2% | -30.5% | ||
| Q1 25 | 1.1% | -42.4% | ||
| Q4 24 | 9.2% | 49.4% | ||
| Q3 24 | 20.3% | -131.9% | ||
| Q2 24 | 4.6% | -89.6% | ||
| Q1 24 | 10.6% | -126.5% |
资本支出强度EPAMRIVN
| Q4 25 | 1.1% | 36.0% | ||
| Q3 25 | 0.6% | 28.7% | ||
| Q2 25 | 0.7% | 35.5% | ||
| Q1 25 | 0.7% | 27.3% | ||
| Q4 24 | 1.3% | 18.9% | ||
| Q3 24 | 0.4% | 31.7% | ||
| Q2 24 | 0.4% | 24.4% | ||
| Q1 24 | 0.6% | 21.1% |
现金转化率EPAMRIVN
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 1.12× | — |
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
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
