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EPAM Systems（EPAM）与SAIA INC（SAIA）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SAIA INC的1.8倍（$1.4B vs $790.0M），EPAM Systems净利率更高（7.8% vs 6.0%，领先1.8%），EPAM Systems同比增速更快（12.8% vs 0.1%），EPAM Systems自由现金流更多（$268.1M vs $37.5M），过去两年EPAM Systems的营收复合增速更高（9.9% vs 2.3%）
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。
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
EPAM vs SAIA — 直观对比
营收规模更大
EPAM
是对方的1.8倍
$790.0M
营收增速更快
EPAM
高出12.6%
0.1%
净利率更高
EPAM
高出1.8%
6.0%
自由现金流更多
EPAM
多$230.6M
$37.5M
两年增速更快
EPAM
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $790.0M |
| 净利润 | $109.4M | $47.5M |
| 毛利率 | 30.1% | — |
| 营业利润率 | 10.6% | 8.1% |
| 净利率 | 7.8% | 6.0% |
| 营收同比 | 12.8% | 0.1% |
| 净利润同比 | 5.9% | -37.6% |
| 每股收益（稀释后） | $1.97 | $1.77 |
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EPAMSAIA
| Q4 25 | $1.4B | $790.0M | ||
| Q3 25 | $1.4B | $839.6M | ||
| Q2 25 | $1.4B | $817.1M | ||
| Q1 25 | $1.3B | $787.6M | ||
| Q4 24 | $1.2B | $789.0M | ||
| Q3 24 | $1.2B | $842.1M | ||
| Q2 24 | $1.1B | $823.2M | ||
| Q1 24 | $1.2B | $754.8M |
净利润EPAMSAIA
| Q4 25 | $109.4M | $47.5M | ||
| Q3 25 | $106.8M | $86.3M | ||
| Q2 25 | $88.0M | $71.4M | ||
| Q1 25 | $73.5M | $49.8M | ||
| Q4 24 | $103.3M | $76.1M | ||
| Q3 24 | $136.3M | $92.7M | ||
| Q2 24 | $98.6M | $102.5M | ||
| Q1 24 | $116.2M | $90.7M |
毛利率EPAMSAIA
| 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EPAMSAIA
| Q4 25 | 10.6% | 8.1% | ||
| Q3 25 | 10.4% | 14.1% | ||
| Q2 25 | 9.3% | 12.2% | ||
| Q1 25 | 7.6% | 8.9% | ||
| Q4 24 | 10.9% | 12.9% | ||
| Q3 24 | 15.2% | 14.9% | ||
| Q2 24 | 10.5% | 16.7% | ||
| Q1 24 | 9.5% | 15.6% |
净利率EPAMSAIA
| Q4 25 | 7.8% | 6.0% | ||
| Q3 25 | 7.7% | 10.3% | ||
| Q2 25 | 6.5% | 8.7% | ||
| Q1 25 | 5.6% | 6.3% | ||
| Q4 24 | 8.3% | 9.6% | ||
| Q3 24 | 11.7% | 11.0% | ||
| Q2 24 | 8.6% | 12.5% | ||
| Q1 24 | 10.0% | 12.0% |
每股收益（稀释后）EPAMSAIA
| Q4 25 | $1.97 | $1.77 | ||
| Q3 25 | $1.91 | $3.22 | ||
| Q2 25 | $1.56 | $2.67 | ||
| Q1 25 | $1.28 | $1.86 | ||
| Q4 24 | $1.80 | $2.84 | ||
| Q3 24 | $2.37 | $3.46 | ||
| Q2 24 | $1.70 | $3.83 | ||
| Q1 24 | $1.97 | $3.38 |
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 | $19.7M |
| 总债务越低越好 | — | $163.0M |
| 股东权益账面价值 | $3.7B | $2.6B |
| 总资产 | $4.9B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资EPAMSAIA
| Q4 25 | $1.3B | $19.7M | ||
| Q3 25 | $1.2B | $35.5M | ||
| Q2 25 | $1.0B | $18.8M | ||
| Q1 25 | $1.2B | $16.5M | ||
| Q4 24 | $1.3B | $19.5M | ||
| Q3 24 | $2.1B | $14.4M | ||
| Q2 24 | $1.8B | $11.2M | ||
| Q1 24 | $2.0B | $12.3M |
总债务EPAMSAIA
| Q4 25 | — | $163.0M | ||
| Q3 25 | — | $218.0M | ||
| Q2 25 | — | $307.1M | ||
| Q1 25 | — | $291.8M | ||
| Q4 24 | — | $195.0M | ||
| Q3 24 | — | $184.2M | ||
| Q2 24 | — | $169.1M | ||
| Q1 24 | — | $76.6M |
股东权益EPAMSAIA
| Q4 25 | $3.7B | $2.6B | ||
| Q3 25 | $3.7B | $2.5B | ||
| Q2 25 | $3.7B | $2.4B | ||
| Q1 25 | $3.6B | $2.4B | ||
| Q4 24 | $3.6B | $2.3B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.4B | $2.1B | ||
| Q1 24 | $3.5B | $2.0B |
总资产EPAMSAIA
| Q4 25 | $4.9B | $3.5B | ||
| Q3 25 | $4.8B | $3.5B | ||
| Q2 25 | $4.7B | $3.5B | ||
| Q1 25 | $4.7B | $3.4B | ||
| Q4 24 | $4.8B | $3.2B | ||
| Q3 24 | $4.5B | $3.1B | ||
| Q2 24 | $4.2B | $3.0B | ||
| Q1 24 | $4.4B | $2.8B |
负债/权益比EPAMSAIA
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.09× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.04× |
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 | $137.3M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $37.5M |
| 自由现金流率自由现金流/营收 | 19.0% | 4.7% |
| 资本支出强度资本支出/营收 | 1.1% | 12.6% |
| 现金转化率经营现金流/净利润 | 2.59× | 2.89× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $27.3M |
8季度趋势，按日历期对齐
经营现金流EPAMSAIA
| Q4 25 | $282.9M | $137.3M | ||
| Q3 25 | $294.7M | $177.8M | ||
| Q2 25 | $53.2M | $170.7M | ||
| Q1 25 | $24.2M | $109.1M | ||
| Q4 24 | $130.3M | $164.7M | ||
| Q3 24 | $242.0M | $181.7M | ||
| Q2 24 | $57.0M | $130.8M | ||
| Q1 24 | $129.9M | $106.5M |
自由现金流EPAMSAIA
| Q4 25 | $268.1M | $37.5M | ||
| Q3 25 | $286.4M | $87.6M | ||
| Q2 25 | $43.4M | $-3.9M | ||
| Q1 25 | $14.8M | $-93.8M | ||
| Q4 24 | $114.5M | $-3.5M | ||
| Q3 24 | $237.0M | $-11.7M | ||
| Q2 24 | $52.3M | $-94.0M | ||
| Q1 24 | $123.2M | $-350.7M |
自由现金流率EPAMSAIA
| Q4 25 | 19.0% | 4.7% | ||
| Q3 25 | 20.5% | 10.4% | ||
| Q2 25 | 3.2% | -0.5% | ||
| Q1 25 | 1.1% | -11.9% | ||
| Q4 24 | 9.2% | -0.4% | ||
| Q3 24 | 20.3% | -1.4% | ||
| Q2 24 | 4.6% | -11.4% | ||
| Q1 24 | 10.6% | -46.5% |
资本支出强度EPAMSAIA
| Q4 25 | 1.1% | 12.6% | ||
| Q3 25 | 0.6% | 10.8% | ||
| Q2 25 | 0.7% | 21.4% | ||
| Q1 25 | 0.7% | 25.8% | ||
| Q4 24 | 1.3% | 21.3% | ||
| Q3 24 | 0.4% | 23.0% | ||
| Q2 24 | 0.4% | 27.3% | ||
| Q1 24 | 0.6% | 60.6% |
现金转化率EPAMSAIA
| Q4 25 | 2.59× | 2.89× | ||
| Q3 25 | 2.76× | 2.06× | ||
| Q2 25 | 0.60× | 2.39× | ||
| Q1 25 | 0.33× | 2.19× | ||
| Q4 24 | 1.26× | 2.16× | ||
| Q3 24 | 1.77× | 1.96× | ||
| Q2 24 | 0.58× | 1.28× | ||
| Q1 24 | 1.12× | 1.17× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
