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EPAM Systems（EPAM）与ROKU, INC（ROKU）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ROKU, INC的1.0倍（$1.4B vs $1.4B），EPAM Systems净利率更高（7.8% vs 5.8%，领先2.0%），ROKU, INC同比增速更快（16.1% vs 12.8%），EPAM Systems自由现金流更多（$268.1M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 9.9%）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
EPAM vs ROKU — 直观对比
营收规模更大
EPAM
是对方的1.0倍
$1.4B
营收增速更快
ROKU
高出3.4%
12.8%
净利率更高
EPAM
高出2.0%
5.8%
自由现金流更多
EPAM
多$161.6M
$106.6M
两年增速更快
ROKU
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $109.4M | $80.5M |
| 毛利率 | 30.1% | 43.5% |
| 营业利润率 | 10.6% | 4.7% |
| 净利率 | 7.8% | 5.8% |
| 营收同比 | 12.8% | 16.1% |
| 净利润同比 | 5.9% | 326.4% |
| 每股收益（稀释后） | $1.97 | $0.55 |
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EPAMROKU
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $968.2M | ||
| Q1 24 | $1.2B | $881.5M |
净利润EPAMROKU
| Q4 25 | $109.4M | $80.5M | ||
| Q3 25 | $106.8M | $24.8M | ||
| Q2 25 | $88.0M | $10.5M | ||
| Q1 25 | $73.5M | $-27.4M | ||
| Q4 24 | $103.3M | $-35.5M | ||
| Q3 24 | $136.3M | $-9.0M | ||
| Q2 24 | $98.6M | $-34.0M | ||
| Q1 24 | $116.2M | $-50.9M |
毛利率EPAMROKU
| Q4 25 | 30.1% | 43.5% | ||
| Q3 25 | 29.5% | 43.4% | ||
| Q2 25 | 28.8% | 44.8% | ||
| Q1 25 | 26.9% | 43.6% | ||
| Q4 24 | 30.4% | 42.7% | ||
| Q3 24 | 34.6% | 45.2% | ||
| Q2 24 | 29.3% | 43.9% | ||
| Q1 24 | 28.4% | 44.1% |
营业利润率EPAMROKU
| Q4 25 | 10.6% | 4.7% | ||
| Q3 25 | 10.4% | 0.8% | ||
| Q2 25 | 9.3% | -2.1% | ||
| Q1 25 | 7.6% | -5.7% | ||
| Q4 24 | 10.9% | -3.3% | ||
| Q3 24 | 15.2% | -3.4% | ||
| Q2 24 | 10.5% | -7.4% | ||
| Q1 24 | 9.5% | -8.2% |
净利率EPAMROKU
| Q4 25 | 7.8% | 5.8% | ||
| Q3 25 | 7.7% | 2.0% | ||
| Q2 25 | 6.5% | 0.9% | ||
| Q1 25 | 5.6% | -2.7% | ||
| Q4 24 | 8.3% | -3.0% | ||
| Q3 24 | 11.7% | -0.9% | ||
| Q2 24 | 8.6% | -3.5% | ||
| Q1 24 | 10.0% | -5.8% |
每股收益（稀释后）EPAMROKU
| Q4 25 | $1.97 | $0.55 | ||
| Q3 25 | $1.91 | $0.16 | ||
| Q2 25 | $1.56 | $0.07 | ||
| Q1 25 | $1.28 | $-0.19 | ||
| Q4 24 | $1.80 | $-0.24 | ||
| Q3 24 | $2.37 | $-0.06 | ||
| Q2 24 | $1.70 | $-0.24 | ||
| Q1 24 | $1.97 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $2.7B |
| 总资产 | $4.9B | $4.4B |
| 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EPAMROKU
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.0B | $2.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $1.8B | $2.1B | ||
| Q1 24 | $2.0B | $2.1B |
股东权益EPAMROKU
| Q4 25 | $3.7B | $2.7B | ||
| Q3 25 | $3.7B | $2.6B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.6B | $2.5B | ||
| Q4 24 | $3.6B | $2.5B | ||
| Q3 24 | $3.6B | $2.5B | ||
| Q2 24 | $3.4B | $2.4B | ||
| Q1 24 | $3.5B | $2.4B |
总资产EPAMROKU
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $4.8B | $4.4B | ||
| Q2 25 | $4.7B | $4.3B | ||
| Q1 25 | $4.7B | $4.2B | ||
| Q4 24 | $4.8B | $4.3B | ||
| Q3 24 | $4.5B | $4.3B | ||
| Q2 24 | $4.2B | $4.1B | ||
| Q1 24 | $4.4B | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $106.6M |
| 自由现金流率自由现金流/营收 | 19.0% | 7.6% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.59× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $478.4M |
8季度趋势，按日历期对齐
经营现金流EPAMROKU
| Q4 25 | $282.9M | $107.7M | ||
| Q3 25 | $294.7M | $127.6M | ||
| Q2 25 | $53.2M | $109.7M | ||
| Q1 25 | $24.2M | $138.7M | ||
| Q4 24 | $130.3M | $79.3M | ||
| Q3 24 | $242.0M | $68.7M | ||
| Q2 24 | $57.0M | $23.4M | ||
| Q1 24 | $129.9M | $46.7M |
自由现金流EPAMROKU
| Q4 25 | $268.1M | $106.6M | ||
| Q3 25 | $286.4M | $126.5M | ||
| Q2 25 | $43.4M | $108.6M | ||
| Q1 25 | $14.8M | $136.8M | ||
| Q4 24 | $114.5M | $76.8M | ||
| Q3 24 | $237.0M | $67.6M | ||
| Q2 24 | $52.3M | $22.5M | ||
| Q1 24 | $123.2M | $46.0M |
自由现金流率EPAMROKU
| Q4 25 | 19.0% | 7.6% | ||
| Q3 25 | 20.5% | 10.4% | ||
| Q2 25 | 3.2% | 9.8% | ||
| Q1 25 | 1.1% | 13.4% | ||
| Q4 24 | 9.2% | 6.4% | ||
| Q3 24 | 20.3% | 6.4% | ||
| Q2 24 | 4.6% | 2.3% | ||
| Q1 24 | 10.6% | 5.2% |
资本支出强度EPAMROKU
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.6% | 0.1% |
现金转化率EPAMROKU
| Q4 25 | 2.59× | 1.34× | ||
| Q3 25 | 2.76× | 5.14× | ||
| Q2 25 | 0.60× | 10.45× | ||
| 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
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
