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EPAM Systems（EPAM）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.6倍（$1.4B vs $871.9M），EPAM Systems净利率更高（7.8% vs 2.2%，领先5.6%），Worthington Steel, Inc.同比增速更快（18.0% vs 12.8%），EPAM Systems自由现金流更多（$268.1M vs $74.6M），过去两年EPAM Systems的营收复合增速更高（9.9% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
EPAM vs WS — 直观对比
营收规模更大
EPAM
是对方的1.6倍
$871.9M
营收增速更快
WS
高出5.2%
12.8%
净利率更高
EPAM
高出5.6%
2.2%
自由现金流更多
EPAM
多$193.5M
$74.6M
两年增速更快
EPAM
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $871.9M |
| 净利润 | $109.4M | $18.8M |
| 毛利率 | 30.1% | 10.7% |
| 营业利润率 | 10.6% | 2.5% |
| 净利率 | 7.8% | 2.2% |
| 营收同比 | 12.8% | 18.0% |
| 净利润同比 | 5.9% | 46.9% |
| 每股收益（稀释后） | $1.97 | $0.37 |
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EPAMWS
| Q4 25 | $1.4B | $871.9M | ||
| Q3 25 | $1.4B | $872.9M | ||
| Q2 25 | $1.4B | $832.9M | ||
| Q1 25 | $1.3B | $687.4M | ||
| Q4 24 | $1.2B | $739.0M | ||
| Q3 24 | $1.2B | $834.0M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | $805.8M |
净利润EPAMWS
| Q4 25 | $109.4M | $18.8M | ||
| Q3 25 | $106.8M | $36.8M | ||
| Q2 25 | $88.0M | $55.7M | ||
| Q1 25 | $73.5M | $13.8M | ||
| Q4 24 | $103.3M | $12.8M | ||
| Q3 24 | $136.3M | $28.4M | ||
| Q2 24 | $98.6M | — | ||
| Q1 24 | $116.2M | $49.0M |
毛利率EPAMWS
| Q4 25 | 30.1% | 10.7% | ||
| Q3 25 | 29.5% | 13.2% | ||
| Q2 25 | 28.8% | 15.2% | ||
| Q1 25 | 26.9% | 11.8% | ||
| Q4 24 | 30.4% | 10.8% | ||
| Q3 24 | 34.6% | 12.0% | ||
| Q2 24 | 29.3% | — | ||
| Q1 24 | 28.4% | 14.9% |
营业利润率EPAMWS
| Q4 25 | 10.6% | 2.5% | ||
| Q3 25 | 10.4% | 5.5% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | 7.6% | 2.7% | ||
| Q4 24 | 10.9% | 2.6% | ||
| Q3 24 | 15.2% | 5.2% | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 9.5% | 8.2% |
净利率EPAMWS
| Q4 25 | 7.8% | 2.2% | ||
| Q3 25 | 7.7% | 4.2% | ||
| Q2 25 | 6.5% | 6.7% | ||
| Q1 25 | 5.6% | 2.0% | ||
| Q4 24 | 8.3% | 1.7% | ||
| Q3 24 | 11.7% | 3.4% | ||
| Q2 24 | 8.6% | — | ||
| Q1 24 | 10.0% | 6.1% |
每股收益（稀释后）EPAMWS
| Q4 25 | $1.97 | $0.37 | ||
| Q3 25 | $1.91 | $0.72 | ||
| Q2 25 | $1.56 | $1.11 | ||
| Q1 25 | $1.28 | $0.27 | ||
| Q4 24 | $1.80 | $0.25 | ||
| Q3 24 | $2.37 | $0.56 | ||
| Q2 24 | $1.70 | — | ||
| Q1 24 | $1.97 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $3.7B | $1.1B |
| 总资产 | $4.9B | $2.1B |
| 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EPAMWS
| Q4 25 | $1.3B | $89.8M | ||
| Q3 25 | $1.2B | $78.3M | ||
| Q2 25 | $1.0B | $38.0M | ||
| Q1 25 | $1.2B | $63.3M | ||
| Q4 24 | $1.3B | $52.0M | ||
| Q3 24 | $2.1B | $36.0M | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.0B | $60.8M |
总债务EPAMWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益EPAMWS
| Q4 25 | $3.7B | $1.1B | ||
| Q3 25 | $3.7B | $1.1B | ||
| Q2 25 | $3.7B | $1.1B | ||
| Q1 25 | $3.6B | $1.0B | ||
| Q4 24 | $3.6B | $1.0B | ||
| Q3 24 | $3.6B | $1.0B | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.5B | $937.6M |
总资产EPAMWS
| Q4 25 | $4.9B | $2.1B | ||
| Q3 25 | $4.8B | $2.2B | ||
| Q2 25 | $4.7B | $2.0B | ||
| Q1 25 | $4.7B | $1.8B | ||
| Q4 24 | $4.8B | $1.7B | ||
| Q3 24 | $4.5B | $1.8B | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.4B | $1.8B |
负债/权益比EPAMWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $268.1M | $74.6M |
| 自由现金流率自由现金流/营收 | 19.0% | 8.6% |
| 资本支出强度资本支出/营收 | 1.1% | 2.8% |
| 现金转化率经营现金流/净利润 | 2.59× | 5.28× |
| 过去12个月自由现金流最近4个季度 | $612.7M | $72.5M |
8季度趋势，按日历期对齐
经营现金流EPAMWS
| Q4 25 | $282.9M | $99.3M | ||
| Q3 25 | $294.7M | $-6.3M | ||
| Q2 25 | $53.2M | $53.9M | ||
| Q1 25 | $24.2M | $53.8M | ||
| Q4 24 | $130.3M | $68.0M | ||
| Q3 24 | $242.0M | $54.6M | ||
| Q2 24 | $57.0M | — | ||
| Q1 24 | $129.9M | $44.7M |
自由现金流EPAMWS
| Q4 25 | $268.1M | $74.6M | ||
| Q3 25 | $286.4M | $-35.7M | ||
| Q2 25 | $43.4M | $8.4M | ||
| Q1 25 | $14.8M | $25.2M | ||
| Q4 24 | $114.5M | $33.2M | ||
| Q3 24 | $237.0M | $33.1M | ||
| Q2 24 | $52.3M | — | ||
| Q1 24 | $123.2M | $22.3M |
自由现金流率EPAMWS
| Q4 25 | 19.0% | 8.6% | ||
| Q3 25 | 20.5% | -4.1% | ||
| Q2 25 | 3.2% | 1.0% | ||
| Q1 25 | 1.1% | 3.7% | ||
| Q4 24 | 9.2% | 4.5% | ||
| Q3 24 | 20.3% | 4.0% | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 10.6% | 2.8% |
资本支出强度EPAMWS
| Q4 25 | 1.1% | 2.8% | ||
| Q3 25 | 0.6% | 3.4% | ||
| Q2 25 | 0.7% | 5.5% | ||
| Q1 25 | 0.7% | 4.2% | ||
| Q4 24 | 1.3% | 4.7% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.6% | 2.8% |
现金转化率EPAMWS
| Q4 25 | 2.59× | 5.28× | ||
| Q3 25 | 2.76× | -0.17× | ||
| Q2 25 | 0.60× | 0.97× | ||
| Q1 25 | 0.33× | 3.90× | ||
| Q4 24 | 1.26× | 5.31× | ||
| Q3 24 | 1.77× | 1.92× | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 1.12× | 0.91× |
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
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
