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EPAM Systems（EPAM）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是EPAM Systems的1.8倍（$2.5B vs $1.4B），泰佩思琦净利率更高（22.4% vs 7.8%，领先14.7%），泰佩思琦同比增速更快（14.0% vs 12.8%），泰佩思琦自由现金流更多（$1.0B vs $268.1M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
EPAM vs TPR — 直观对比
营收规模更大
TPR
是对方的1.8倍
$1.4B
营收增速更快
TPR
高出1.2%
12.8%
净利率更高
TPR
高出14.7%
7.8%
自由现金流更多
TPR
多$769.4M
$268.1M
两年增速更快
TPR
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.5B |
| 净利润 | $109.4M | $561.3M |
| 毛利率 | 30.1% | 75.5% |
| 营业利润率 | 10.6% | 28.6% |
| 净利率 | 7.8% | 22.4% |
| 营收同比 | 12.8% | 14.0% |
| 净利润同比 | 5.9% | 80.8% |
| 每股收益（稀释后） | $1.97 | $2.68 |
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EPAMTPR
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.2B | $1.5B |
净利润EPAMTPR
| Q4 25 | $109.4M | $561.3M | ||
| Q3 25 | $106.8M | $274.8M | ||
| Q2 25 | $88.0M | $-517.1M | ||
| Q1 25 | $73.5M | $203.3M | ||
| Q4 24 | $103.3M | $310.4M | ||
| Q3 24 | $136.3M | $186.6M | ||
| Q2 24 | $98.6M | $159.3M | ||
| Q1 24 | $116.2M | $139.4M |
毛利率EPAMTPR
| Q4 25 | 30.1% | 75.5% | ||
| Q3 25 | 29.5% | 76.3% | ||
| Q2 25 | 28.8% | 76.3% | ||
| Q1 25 | 26.9% | 76.1% | ||
| Q4 24 | 30.4% | 74.4% | ||
| Q3 24 | 34.6% | 75.3% | ||
| Q2 24 | 29.3% | 74.9% | ||
| Q1 24 | 28.4% | 74.7% |
营业利润率EPAMTPR
| Q4 25 | 10.6% | 28.6% | ||
| Q3 25 | 10.4% | 19.3% | ||
| Q2 25 | 9.3% | -33.9% | ||
| Q1 25 | 7.6% | 16.0% | ||
| Q4 24 | 10.9% | 22.4% | ||
| Q3 24 | 15.2% | 16.7% | ||
| Q2 24 | 10.5% | 14.8% | ||
| Q1 24 | 9.5% | 13.8% |
净利率EPAMTPR
| Q4 25 | 7.8% | 22.4% | ||
| Q3 25 | 7.7% | 16.1% | ||
| Q2 25 | 6.5% | -30.0% | ||
| Q1 25 | 5.6% | 12.8% | ||
| Q4 24 | 8.3% | 14.1% | ||
| Q3 24 | 11.7% | 12.4% | ||
| Q2 24 | 8.6% | 10.0% | ||
| Q1 24 | 10.0% | 9.4% |
每股收益（稀释后）EPAMTPR
| Q4 25 | $1.97 | $2.68 | ||
| Q3 25 | $1.91 | $1.28 | ||
| Q2 25 | $1.56 | $-2.30 | ||
| Q1 25 | $1.28 | $0.95 | ||
| Q4 24 | $1.80 | $1.38 | ||
| Q3 24 | $2.37 | $0.79 | ||
| Q2 24 | $1.70 | $0.67 | ||
| Q1 24 | $1.97 | $0.60 |
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 | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $3.7B | $551.2M |
| 总资产 | $4.9B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资EPAMTPR
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.2B | $743.2M | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $2.1B | $7.3B | ||
| Q2 24 | $1.8B | $7.2B | ||
| Q1 24 | $2.0B | $7.4B |
总债务EPAMTPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益EPAMTPR
| Q4 25 | $3.7B | $551.2M | ||
| Q3 25 | $3.7B | $399.5M | ||
| Q2 25 | $3.7B | $857.8M | ||
| Q1 25 | $3.6B | $1.5B | ||
| Q4 24 | $3.6B | $1.3B | ||
| Q3 24 | $3.6B | $3.0B | ||
| Q2 24 | $3.4B | $2.9B | ||
| Q1 24 | $3.5B | $2.8B |
总资产EPAMTPR
| Q4 25 | $4.9B | $6.5B | ||
| Q3 25 | $4.8B | $6.4B | ||
| Q2 25 | $4.7B | $6.6B | ||
| Q1 25 | $4.7B | $7.3B | ||
| Q4 24 | $4.8B | $7.3B | ||
| Q3 24 | $4.5B | $13.7B | ||
| Q2 24 | $4.2B | $13.4B | ||
| Q1 24 | $4.4B | $13.7B |
负债/权益比EPAMTPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $1.0B |
| 自由现金流率自由现金流/营收 | 19.0% | 41.5% |
| 资本支出强度资本支出/营收 | 1.1% | 1.7% |
| 现金转化率经营现金流/净利润 | 2.59× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $1.6B |
8季度趋势，按日历期对齐
经营现金流EPAMTPR
| Q4 25 | $282.9M | $1.1B | ||
| Q3 25 | $294.7M | $112.6M | ||
| Q2 25 | $53.2M | $446.8M | ||
| Q1 25 | $24.2M | $144.3M | ||
| Q4 24 | $130.3M | $506.0M | ||
| Q3 24 | $242.0M | $119.5M | ||
| Q2 24 | $57.0M | $256.0M | ||
| Q1 24 | $129.9M | $97.8M |
自由现金流EPAMTPR
| Q4 25 | $268.1M | $1.0B | ||
| Q3 25 | $286.4M | $80.2M | ||
| Q2 25 | $43.4M | $411.5M | ||
| Q1 25 | $14.8M | $113.4M | ||
| Q4 24 | $114.5M | $475.1M | ||
| Q3 24 | $237.0M | $93.9M | ||
| Q2 24 | $52.3M | $209.8M | ||
| Q1 24 | $123.2M | $78.8M |
自由现金流率EPAMTPR
| Q4 25 | 19.0% | 41.5% | ||
| Q3 25 | 20.5% | 4.7% | ||
| Q2 25 | 3.2% | 23.9% | ||
| Q1 25 | 1.1% | 7.2% | ||
| Q4 24 | 9.2% | 21.6% | ||
| Q3 24 | 20.3% | 6.2% | ||
| Q2 24 | 4.6% | 13.2% | ||
| Q1 24 | 10.6% | 5.3% |
资本支出强度EPAMTPR
| Q4 25 | 1.1% | 1.7% | ||
| Q3 25 | 0.6% | 1.9% | ||
| Q2 25 | 0.7% | 2.0% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.4% | 2.9% | ||
| Q1 24 | 0.6% | 1.3% |
现金转化率EPAMTPR
| Q4 25 | 2.59× | 1.93× | ||
| Q3 25 | 2.76× | 0.41× | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | 0.71× | ||
| Q4 24 | 1.26× | 1.63× | ||
| Q3 24 | 1.77× | 0.64× | ||
| Q2 24 | 0.58× | 1.61× | ||
| Q1 24 | 1.12× | 0.70× |
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
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
