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EPAM Systems（EPAM）与STIFEL FINANCIAL CORP（SF）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STIFEL FINANCIAL CORP的1.2倍（$1.4B vs $1.1B），STIFEL FINANCIAL CORP净利率更高（23.5% vs 7.8%，领先15.7%），STIFEL FINANCIAL CORP同比增速更快（23.0% vs 12.8%），STIFEL FINANCIAL CORP自由现金流更多（$369.0M vs $268.1M），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（21.1% 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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
EPAM vs SF — 直观对比
营收规模更大
EPAM
是对方的1.2倍
$1.1B
营收增速更快
SF
高出10.3%
12.8%
净利率更高
SF
高出15.7%
7.8%
自由现金流更多
SF
多$100.9M
$268.1M
两年增速更快
SF
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $109.4M | $264.4M |
| 毛利率 | 30.1% | — |
| 营业利润率 | 10.6% | 27.3% |
| 净利率 | 7.8% | 23.5% |
| 营收同比 | 12.8% | 23.0% |
| 净利润同比 | 5.9% | 8.3% |
| 每股收益（稀释后） | $1.97 | $2.30 |
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EPAMSF
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.4B | $962.6M | ||
| Q2 25 | $1.4B | $838.9M | ||
| Q1 25 | $1.3B | $842.5M | ||
| Q4 24 | $1.2B | $916.0M | ||
| Q3 24 | $1.2B | $810.9M | ||
| Q2 24 | $1.1B | $798.9M | ||
| Q1 24 | $1.2B | $768.1M |
净利润EPAMSF
| Q4 25 | $109.4M | $264.4M | ||
| Q3 25 | $106.8M | $211.4M | ||
| Q2 25 | $88.0M | $155.1M | ||
| Q1 25 | $73.5M | $53.0M | ||
| Q4 24 | $103.3M | $244.0M | ||
| Q3 24 | $136.3M | $158.5M | ||
| Q2 24 | $98.6M | $165.3M | ||
| Q1 24 | $116.2M | $163.6M |
毛利率EPAMSF
| 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EPAMSF
| Q4 25 | 10.6% | 27.3% | ||
| Q3 25 | 10.4% | 29.7% | ||
| Q2 25 | 9.3% | 25.5% | ||
| Q1 25 | 7.6% | 7.5% | ||
| Q4 24 | 10.9% | 29.1% | ||
| Q3 24 | 15.2% | 26.7% | ||
| Q2 24 | 10.5% | 28.4% | ||
| Q1 24 | 9.5% | 28.5% |
净利率EPAMSF
| Q4 25 | 7.8% | 23.5% | ||
| Q3 25 | 7.7% | 22.0% | ||
| Q2 25 | 6.5% | 18.5% | ||
| Q1 25 | 5.6% | 6.3% | ||
| Q4 24 | 8.3% | 26.6% | ||
| Q3 24 | 11.7% | 19.5% | ||
| Q2 24 | 8.6% | 20.7% | ||
| Q1 24 | 10.0% | 21.3% |
每股收益（稀释后）EPAMSF
| Q4 25 | $1.97 | $2.30 | ||
| Q3 25 | $1.91 | $1.84 | ||
| Q2 25 | $1.56 | $1.34 | ||
| Q1 25 | $1.28 | $0.39 | ||
| Q4 24 | $1.80 | $2.10 | ||
| Q3 24 | $2.37 | $1.34 | ||
| Q2 24 | $1.70 | $1.41 | ||
| Q1 24 | $1.97 | $1.40 |
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 | — | $617.4M |
| 股东权益账面价值 | $3.7B | $6.0B |
| 总资产 | $4.9B | $41.3B |
| 负债/权益比越低杠杆越低 | — | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资EPAMSF
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $1.8B | $2.6B | ||
| Q1 24 | $2.0B | $3.4B |
总债务EPAMSF
| Q4 25 | — | $617.4M | ||
| Q3 25 | — | $617.2M | ||
| Q2 25 | — | $617.0M | ||
| Q1 25 | — | $616.8M | ||
| Q4 24 | — | $616.6M | ||
| Q3 24 | — | $616.4M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益EPAMSF
| Q4 25 | $3.7B | $6.0B | ||
| Q3 25 | $3.7B | $5.8B | ||
| Q2 25 | $3.7B | $5.6B | ||
| Q1 25 | $3.6B | $5.5B | ||
| Q4 24 | $3.6B | $5.7B | ||
| Q3 24 | $3.6B | $5.6B | ||
| Q2 24 | $3.4B | $5.4B | ||
| Q1 24 | $3.5B | $5.3B |
总资产EPAMSF
| Q4 25 | $4.9B | $41.3B | ||
| Q3 25 | $4.8B | $41.7B | ||
| Q2 25 | $4.7B | $39.9B | ||
| Q1 25 | $4.7B | $40.4B | ||
| Q4 24 | $4.8B | $39.9B | ||
| Q3 24 | $4.5B | $38.9B | ||
| Q2 24 | $4.2B | $37.8B | ||
| Q1 24 | $4.4B | $38.3B |
负债/权益比EPAMSF
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $382.4M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $369.0M |
| 自由现金流率自由现金流/营收 | 19.0% | 32.7% |
| 资本支出强度资本支出/营收 | 1.1% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.59× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $1.1B |
8季度趋势，按日历期对齐
经营现金流EPAMSF
| Q4 25 | $282.9M | $382.4M | ||
| Q3 25 | $294.7M | $338.3M | ||
| Q2 25 | $53.2M | $607.5M | ||
| Q1 25 | $24.2M | $-211.2M | ||
| Q4 24 | $130.3M | $694.6M | ||
| Q3 24 | $242.0M | $198.3M | ||
| Q2 24 | $57.0M | $207.2M | ||
| Q1 24 | $129.9M | $-609.7M |
自由现金流EPAMSF
| Q4 25 | $268.1M | $369.0M | ||
| Q3 25 | $286.4M | $321.1M | ||
| Q2 25 | $43.4M | $592.7M | ||
| Q1 25 | $14.8M | $-227.8M | ||
| Q4 24 | $114.5M | $677.2M | ||
| Q3 24 | $237.0M | $185.6M | ||
| Q2 24 | $52.3M | $173.3M | ||
| Q1 24 | $123.2M | $-619.4M |
自由现金流率EPAMSF
| Q4 25 | 19.0% | 32.7% | ||
| Q3 25 | 20.5% | 33.4% | ||
| Q2 25 | 3.2% | 70.6% | ||
| Q1 25 | 1.1% | -27.0% | ||
| Q4 24 | 9.2% | 73.9% | ||
| Q3 24 | 20.3% | 22.9% | ||
| Q2 24 | 4.6% | 21.7% | ||
| Q1 24 | 10.6% | -80.6% |
资本支出强度EPAMSF
| Q4 25 | 1.1% | 1.2% | ||
| Q3 25 | 0.6% | 1.8% | ||
| Q2 25 | 0.7% | 1.8% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 1.3% | 1.9% | ||
| Q3 24 | 0.4% | 1.6% | ||
| Q2 24 | 0.4% | 4.2% | ||
| Q1 24 | 0.6% | 1.3% |
现金转化率EPAMSF
| Q4 25 | 2.59× | 1.45× | ||
| Q3 25 | 2.76× | 1.60× | ||
| Q2 25 | 0.60× | 3.92× | ||
| Q1 25 | 0.33× | -3.99× | ||
| Q4 24 | 1.26× | 2.85× | ||
| Q3 24 | 1.77× | 1.25× | ||
| Q2 24 | 0.58× | 1.25× | ||
| Q1 24 | 1.12× | -3.73× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
