EPAM Systems, Inc. (EPAM) 10-Year Financial Performance & Capital Metrics

EPAM • • Industrial / General

TechnologyIT ServicesIT Consulting & Professional ServicesSpecialized Digital Services

AboutEPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers' business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.Show more

Revenue $4.73B +0.8%
EBITDA $672M +6.0%
Net Income $455M +9.0%
EPS (Diluted) 7.84 +11.0%
Gross Margin 30.68% +0.3%
EBITDA Margin 14.21% +5.1%
Operating Margin 11.52% +7.8%
Net Margin 9.61% +8.1%
ROE 12.8% -0.7%
ROIC 19.85% -17.6%
Debt/Equity 0.04 -9.2%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.6%
✓Healthy 5Y average net margin of 10.5%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20.54%

5Y15.56%

3Y7.95%

TTM14.26%

Profit (Net Income) CAGR

10Y20.63%

5Y11.73%

3Y-1.91%

TTM-17.19%

EPS CAGR

10Y18.8%

5Y11.59%

3Y-1.28%

TTM-14.94%

ROCE

10Y Avg18.26%

5Y Avg17.55%

3Y Avg15.89%

Latest14.26%

Peer Comparison

Specialized Digital Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GDYNGrid Dynamics Holdings, Inc.	794.62M	9.37	185.54	12.04%	3.42%	2.58%	2.32%	0.02
EPAMEPAM Systems, Inc.	11.89B	215.24	27.45	0.8%	7.01%	9.97%	4.43%	0.04
KDKyndryl Holdings, Inc.	6.18B	27.05	25.76	-6.2%	3.78%	42.57%	5.45%	2.97
GLOBGlobant S.A.	2.97B	67.48	18.14	15.26%	4.01%	4.45%	7.43%	0.20
CDWCDW Corporation	17.22B	132.29	16.60	-1.77%	4.76%	41.39%	6.7%	2.55
ASGNASGN Incorporated	2.14B	50.02	13.06	-7.88%	3.28%	7.13%	17.08%	0.62
MASK3 E Network Technology Group Ltd Class A Ordinary Shares	7.31M	0.32	2.31	172.95%	40.98%	76.44%	12.72%	0.15
XRXXerox Holdings Corporation	344.43M	2.69	-0.25	-9.66%	-14.79%	-164.48%	100%	2.75

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	914.13M	1.16B	1.45B	1.84B	2.29B	2.66B	3.76B	4.82B	4.69B	4.73B
Revenue Growth %	0.25%	0.27%	0.25%	0.27%	0.24%	0.16%	0.41%	0.28%	-0.03%	0.01%
Cost of Goods Sold+	566.91M	737.19M	921.35M	1.19B	1.49B	1.73B	2.48B	3.29B	3.26B	3.28B
COGS % of Revenue	0.62%	0.64%	0.64%	0.64%	0.65%	0.65%	0.66%	0.68%	0.69%	0.69%
Gross Profit+	347.21M	422.95M	529.1M	655.99M	805.6M	926.96M	1.27B	1.54B	1.43B	1.45B
Gross Margin %	0.38%	0.36%	0.36%	0.36%	0.35%	0.35%	0.34%	0.32%	0.31%	0.31%
Gross Profit Growth %	0.27%	0.22%	0.25%	0.24%	0.23%	0.15%	0.37%	0.21%	-0.07%	0.01%
Operating Expenses+	241.25M	289.25M	356.15M	410.23M	502.75M	547.63M	732.13M	965.05M	932.79M	905.86M
OpEx % of Revenue	0.26%	0.25%	0.25%	0.22%	0.22%	0.21%	0.19%	0.2%	0.2%	0.19%
Selling, General & Admin	222.76M	265.86M	327.59M	373.59M	457.43M	484.76M	648.74M	872.78M	815.07M	816.3M
SG&A % of Revenue	0.24%	0.23%	0.23%	0.2%	0.2%	0.18%	0.17%	0.18%	0.17%	0.17%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	18.49M	23.39M	28.56M	36.64M	45.32M	62.87M	83.39M	92.27M	117.72M	89.56M
Operating Income+	105.97M	133.7M	172.95M	245.76M	302.85M	379.32M	542.32M	572.97M	501.24M	544.58M
Operating Margin %	0.12%	0.12%	0.12%	0.13%	0.13%	0.14%	0.14%	0.12%	0.11%	0.12%
Operating Income Growth %	0.23%	0.26%	0.29%	0.42%	0.23%	0.25%	0.43%	0.06%	-0.13%	0.09%
EBITDA+	123.36M	157.08M	201.51M	282.4M	404.03M	508.57M	687.47M	713.01M	633.94M	671.69M
EBITDA Margin %	0.13%	0.14%	0.14%	0.15%	0.18%	0.19%	0.18%	0.15%	0.14%	0.14%
EBITDA Growth %	0.19%	0.27%	0.28%	0.4%	0.43%	0.26%	0.35%	0.04%	-0.11%	0.06%
D&A (Non-Cash Add-back)	17.39M	23.39M	28.56M	36.64M	101.18M	129.24M	145.15M	140.05M	132.7M	127.1M
EBIT	105.97M	133.7M	172.95M	245.76M	302.85M	379.32M	535.12M	572.97M	527.16M	544.58M
Net Interest Income+	4.73M	4.85M	4.6M	3.52M	8.72M	3.82M	-1.73M	10.03M	51.12M	46.88M
Interest Income	4.73M	4.85M	4.6M	3.52M	8.72M	3.82M	0	10.03M	51.12M	46.88M
Interest Expense	0	0	0	0	0	0	1.73M	0	0	0
Other Income/Expense	103K	-7.23M	1.36M	4.01M	-3.32M	-845K	-8.92M	-65.71M	35.35M	39.83M
Pretax Income+	106.07M	126.47M	174.31M	249.77M	299.53M	378.48M	533.39M	507.26M	536.59M	584.41M
Pretax Margin %	0.12%	0.11%	0.12%	0.14%	0.13%	0.14%	0.14%	0.11%	0.11%	0.12%
Income Tax+	21.61M	27.2M	101.55M	9.52M	38.47M	51.32M	51.74M	87.84M	119.5M	129.88M
Effective Tax Rate %	0.8%	0.78%	0.42%	0.96%	0.87%	0.86%	0.9%	0.83%	0.78%	0.78%
Net Income+	84.46M	99.27M	72.76M	240.26M	261.06M	327.16M	481.65M	419.42M	417.08M	454.53M
Net Margin %	0.09%	0.09%	0.05%	0.13%	0.11%	0.12%	0.13%	0.09%	0.09%	0.1%
Net Income Growth %	0.21%	0.18%	-0.27%	2.3%	0.09%	0.25%	0.47%	-0.13%	-0.01%	0.09%
Net Income (Continuing)	84.46M	99.27M	72.76M	240.26M	261.06M	327.16M	481.65M	419.42M	417.08M	454.53M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	8.72M	1.48M	579K	1.94M
EPS (Diluted)+	1.62	1.87	1.32	4.24	4.53	5.60	8.15	7.09	7.06	7.84
EPS Growth %	0.16%	0.15%	-0.29%	2.21%	0.07%	0.24%	0.46%	-0.13%	-0%	0.11%
EPS (Basic)	1.73	1.97	1.40	4.24	4.77	5.87	8.52	7.32	7.21	7.93
Diluted Shares Outstanding	51.99M	53.22M	54.98M	56.67M	57.67M	58.45M	59.06M	59.17M	59.09M	57.98M
Basic Shares Outstanding	48.72M	50.31M	52.08M	56.66M	57.63M	55.73M	56.51M	57.29M	57.83M	57.29M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	528.93M	646.55M	960.03M	1.2B	1.47B	1.91B	2.27B	2.76B	3.09B	2.43B
Cash & Short-Term Investments	229.63M	362.43M	582.59M	770.56M	936.56M	1.38B	1.45B	1.74B	2.1B	1.29B
Cash Only	199.45M	362.02M	582.59M	770.56M	936.55M	1.32B	1.45B	1.68B	2.04B	1.29B
Short-Term Investments	30.18M	403K	0	0	9K	60.01M	0	60.34M	60.74M	1.69M
Accounts Receivable	281.07M	263.31M	352.14M	402.34M	497.72M	501.06M	768.93M	932.63M	897.03M	1B
Days Sales Outstanding	112.23	82.84	88.61	79.69	79.2	68.77	74.68	70.56	69.8	77.37
Inventory	11.85M	2.4M	0	0	0	0	0	0	0	0
Days Inventory Outstanding	7.63	1.19	-	-	-	-	-	-	-	-
Other Current Assets	12.97M	6.98M	0	0	0	0	0	85.32M	97.36M	136.12M
Total Non-Current Assets+	249.6M	279.26M	290.22M	412.73M	770M	808.55M	1.25B	1.25B	1.26B	2.32B
Property, Plant & Equipment	60.5M	73.62M	86.42M	102.65M	404.25M	398.2M	421.06M	422.13M	369.95M	335.91M
Fixed Asset Turnover	15.11x	15.76x	16.78x	17.95x	5.67x	6.68x	8.93x	11.43x	12.68x	14.07x
Goodwill	115.93M	109.29M	119.53M	166.83M	195.04M	211.96M	530.72M	529.07M	562.46M	1.18B
Intangible Assets	46.86M	51.26M	44.51M	57.06M	56.26M	51.98M	101.14M	77.65M	71.12M	436.42M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	8M	14.09M	14.79M	16.21M	39.43M	53.96M	56.9M	47.88M	59.58M	100.52M
Total Assets+	778.54M	925.81M	1.25B	1.61B	2.24B	2.72B	3.52B	4.01B	4.35B	4.75B
Asset Turnover	1.17x	1.25x	1.16x	1.14x	1.02x	0.98x	1.07x	1.20x	1.08x	1.00x
Asset Growth %	0.31%	0.19%	0.35%	0.29%	0.39%	0.21%	0.29%	0.14%	0.09%	0.09%
Total Current Liabilities+	127.91M	116.22M	180.97M	262.83M	386.95M	465.95M	763.42M	747.48M	644.93M	821.04M
Accounts Payable	2.58M	3.21M	5.57M	7.44M	7.83M	10.19M	24.85M	30.85M	31.99M	44.7M
Days Payables Outstanding	1.66	1.59	2.21	2.29	1.92	2.15	3.65	3.43	3.59	4.98
Short-Term Debt	0	0	0	0	0	0	16.02M	2.86M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	56.22M	41.86M	91.28M	201.8M	269.31M	321.37M	545.87M	525.87M	460.08M	568.59M
Current Ratio	4.14x	5.56x	5.31x	4.56x	3.81x	4.11x	2.97x	3.69x	4.79x	2.96x
Quick Ratio	4.04x	5.54x	5.31x	4.56x	3.81x	4.11x	2.97x	3.69x	4.79x	2.96x
Cash Conversion Cycle	118.2	82.44	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	37.4M	28.18M	94.34M	86.38M	261.12M	272.36M	263.97M	258.66M	235.96M	298.28M
Long-Term Debt	35M	25.05M	25.03M	25.03M	25.07M	25.04M	30.23M	27.69M	26.13M	25.19M
Capital Lease Obligations	0	0	0	0	180.85M	180.6M	142.8M	122.32M	109.26M	98.43M
Deferred Tax Liabilities	2.4M	0	0	0	0	0	0	0	8.74M	92.36M
Other Non-Current Liabilities	0	3.13M	69.31M	61.35M	55.19M	66.72M	90.93M	108.65M	91.83M	82.3M
Total Liabilities	165.31M	144.4M	275.31M	349.21M	648.06M	738.31M	1.03B	1.01B	880.89M	1.12B
Total Debt+	35M	25.05M	25.03M	25.03M	263.46M	266.4M	239.16M	193.22M	171.94M	163.25M
Net Debt	-164.45M	-336.98M	-557.55M	-745.53M	-673.09M	-1.06B	-1.21B	-1.49B	-1.86B	-1.12B
Debt / Equity	0.06x	0.03x	0.03x	0.02x	0.17x	0.13x	0.10x	0.06x	0.05x	0.04x
Debt / EBITDA	0.28x	0.16x	0.12x	0.09x	0.65x	0.52x	0.35x	0.27x	0.27x	0.24x
Net Debt / EBITDA	-1.33x	-2.15x	-2.77x	-2.64x	-1.67x	-2.08x	-1.76x	-2.09x	-2.94x	-1.67x
Interest Coverage	-	-	-	-	-	-	314.02x	-	-	-
Total Equity+	613.22M	781.41M	974.95M	1.26B	1.6B	1.98B	2.5B	3B	3.47B	3.63B
Equity Growth %	0.32%	0.27%	0.25%	0.3%	0.26%	0.24%	0.26%	0.2%	0.16%	0.05%
Book Value per Share	11.80	14.68	17.73	22.28	27.68	33.93	42.26	50.75	58.75	62.62
Total Shareholders' Equity	613.22M	781.41M	974.95M	1.26B	1.6B	1.98B	2.49B	3B	3.47B	3.63B
Common Stock	49K	50K	53K	54K	55K	56K	57K	58K	58K	57K
Retained Earnings	345.05M	444.32M	518.82M	759.53M	1.02B	1.35B	1.83B	2.25B	2.5B	2.56B
Treasury Stock	-93K	-177K	-177K	-177K	-177K	-177K	-177K	-118K	0	0
Accumulated OCI	-35.15M	-37.69M	-17.62M	-41.51M	-31.37M	-25.51M	-54.21M	-95.32M	-39.04M	-116.86M
Minority Interest	0	0	0	0	0	0	8.72M	1.48M	579K	1.94M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	76.39M	164.82M	195.36M	292.22M	287.45M	544.41M	572.33M	464.1M	562.63M	559.17M
Operating CF Margin %	0.08%	0.14%	0.13%	0.16%	0.13%	0.2%	0.15%	0.1%	0.12%	0.12%
Operating CF Growth %	-0.27%	1.16%	0.19%	0.5%	-0.02%	0.89%	0.05%	-0.19%	0.21%	-0.01%
Net Income	84.46M	99.27M	72.76M	240.26M	261.06M	327.16M	481.65M	419.42M	417.08M	454.53M
Depreciation & Amortization	17.39M	23.39M	28.56M	36.64M	101.18M	129.24M	145.15M	140.05M	132.7M	127.1M
Stock-Based Compensation	45.83M	49.24M	52.41M	59.19M	72.04M	75.24M	111.66M	99.91M	147.73M	167.3M
Deferred Taxes	-15.33M	-3.3M	12.56M	-48M	-7.76M	-19.99M	-46.9M	-42.16M	-37.19M	-64.19M
Other Non-Cash Items	-4.26M	2.5M	-3.96M	-864K	6.38M	9.05M	15.63M	76.72M	27.48M	1.74M
Working Capital Changes	-51.71M	-6.28M	33.03M	5M	-145.44M	23.71M	-134.86M	-229.83M	-125.17M	-127.31M
Change in Receivables	-47.69M	-30.61M	-58.74M	-31M	-87.17M	4.24M	-211.68M	-192.71M	32.36M	15.59M
Change in Inventory	-363K	-506.74M	-688.51M	-899.46M	87.17M	0	0	0	0	0
Change in Payables	-2.78M	741K	1.22M	-772K	-1.69M	2.43M	-2.4M	-2.93M	154K	-29.08M
Cash from Investing+	-125.49M	-9.32M	-36.17M	-112.12M	-145.37M	-167.15M	-368.92M	-182.93M	-66.77M	-884.98M
Capital Expenditures	-17.96M	-29.32M	-29.81M	-37.57M	-99.31M	-68.79M	-111.5M	-81.63M	-28.41M	-32.15M
CapEx % of Revenue	0.02%	0.03%	0.02%	0.02%	0.04%	0.03%	0.03%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-30.46M	25.5M	473K	-699K	-6.74M	1.02M	79K	-29.03M	-9.94M	2.31M
Cash from Financing+	33.76M	10.47M	49.75M	23M	20.36M	-765K	-59.56M	-2.02M	-165.77M	-390.41M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.24M	20.6M	49.85M	26.5M	20.37M	-27.16M	-85.9M	-38.9M	1.29M	9.48M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	58.43M	135.5M	165.56M	254.64M	188.15M	475.61M	460.83M	382.48M	534.22M	527.02M
FCF Margin %	0.06%	0.12%	0.11%	0.14%	0.08%	0.18%	0.12%	0.08%	0.11%	0.11%
FCF Growth %	-0.34%	1.32%	0.22%	0.54%	-0.26%	1.53%	-0.03%	-0.17%	0.4%	-0.01%
FCF per Share	1.12	2.55	3.01	4.49	3.26	8.14	7.80	6.46	9.04	9.09
FCF Conversion (FCF/Net Income)	0.90x	1.66x	2.69x	1.22x	1.10x	1.66x	1.19x	1.11x	1.35x	1.23x
Interest Paid	124K	566K	548K	777K	832K	425K	413K	1.66M	4.7M	3.74M
Taxes Paid	25.07M	37.49M	26.67M	40.44M	65.31M	54.52M	87.32M	113.19M	177.43M	196.39M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15.68%	14.24%	8.29%	21.48%	18.26%	18.28%	21.51%	15.25%	12.88%	12.8%
Return on Invested Capital (ROIC)	22.96%	22.45%	30.1%	39.45%	31.54%	30.75%	36.71%	30.66%	24.08%	19.85%
Gross Margin	37.98%	36.46%	36.48%	35.6%	35.12%	34.85%	33.91%	31.88%	30.57%	30.68%
Net Margin	9.24%	8.56%	5.02%	13.04%	11.38%	12.3%	12.82%	8.69%	8.89%	9.61%
Debt / Equity	0.06x	0.03x	0.03x	0.02x	0.17x	0.13x	0.10x	0.06x	0.05x	0.04x
Interest Coverage	-	-	-	-	-	-	314.02x	-	-	-
FCF Conversion	0.90x	1.66x	2.69x	1.22x	1.10x	1.66x	1.19x	1.11x	1.35x	1.23x
Revenue Growth	25.22%	26.91%	25.02%	27.06%	24.47%	15.94%	41.31%	28.38%	-2.78%	0.8%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Financial Services Sector	-	-	-	-	-	-	848.37M	1.03B	1.02B	1.02B
Financial Services Sector Growth	-	-	-	-	-	-	-	21.02%	-0.80%	0.41%
Consumer Goods, Retail & Travel	-	-	-	-	-	-	741.13M	1.09B	1.07B	1.01B
Consumer Goods, Retail & Travel Growth	-	-	-	-	-	-	-	47.37%	-1.76%	-5.57%
Emerging Vertical Sector	-	-	-	-	-	-	445.8M	595.21M	647.54M	740.62M
Emerging Vertical Sector Growth	-	-	-	-	-	-	-	33.51%	8.79%	14.37%
Software And Hi-Tech Sector	-	-	-	-	-	-	664.6M	793.26M	707.72M	702.37M
Software And Hi-Tech Sector Growth	-	-	-	-	-	-	-	19.36%	-10.78%	-0.76%
Business Information and Media Sectors	-	-	-	-	-	-	666.94M	809.95M	753.98M	674.6M
Business Information and Media Sectors Growth	-	-	-	-	-	-	-	21.44%	-6.91%	-10.53%
Healthcare Sector	-	-	-	-	-	-	391.31M	507.37M	489.91M	574.61M
Healthcare Sector Growth	-	-	-	-	-	-	-	29.66%	-3.44%	17.29%
All Other	9.51M	12.52M	17.14M	-	-	-	-	-	-	-
All Other Growth	-	31.65%	36.87%	-	-	-	-	-	-	-
Software Development Service	-	841.92M	-	-	-	-	-	-	-	-
Software Development Service Growth	-	-	-	-	-	-	-	-	-	-
Applications	174.26M	223.01M	-	-	-	-	-	-	-	-
Applications Growth	-	27.98%	-	-	-	-	-	-	-	-
Application Maintenance and Support	-	74.47M	-	-	-	-	-	-	-	-
Application Maintenance and Support Growth	-	-	-	-	-	-	-	-	-	-
Technology Infrastructure	11.31M	5.07M	-	-	-	-	-	-	-	-
Technology Infrastructure Growth	-	-55.19%	-	-	-	-	-	-	-	-
Licensing	-	3.14M	-	-	-	-	-	-	-	-
Licensing Growth	-	-	-	-	-	-	-	-	-	-
Software Development	644.73M	-	-	-	-	-	-	-	-	-
Software Development Growth	-	-	-	-	-	-	-	-	-	-
Software Service, Support and Maintenance Arrangement	70.55M	-	-	-	-	-	-	-	-	-
Software Service, Support and Maintenance Arrangement Growth	-	-	-	-	-	-	-	-	-	-
Software License Arrangement	3.76M	-	-	-	-	-	-	-	-	-
Software License Arrangement Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	427.43M	605.86M	783.56M	-	-	-	2.13B	2.76B	2.63B	2.68B
UNITED STATES Growth	-	41.74%	29.33%	-	-	-	-	29.91%	-4.61%	1.76%
Other Countries	-	-	-	-	-	-	366.32M	564.06M	578.46M	633.6M
Other Countries Growth	-	-	-	-	-	-	-	53.98%	2.55%	9.53%
UNITED KINGDOM	164.3M	174.72M	189M	-	-	-	474.94M	619.3M	585.17M	523.37M
UNITED KINGDOM Growth	-	6.34%	8.17%	-	-	-	-	30.40%	-5.51%	-10.56%
SWITZERLAND	111.35M	122.4M	123.28M	-	-	-	271.21M	323.42M	367.12M	407.85M
SWITZERLAND Growth	-	9.92%	0.72%	-	-	-	-	19.25%	13.51%	11.09%
GERMANY	36.09M	43.22M	60.16M	-	-	-	113.73M	161.76M	178.49M	206.13M
GERMANY Growth	-	19.75%	39.20%	-	-	-	-	42.23%	10.35%	15.48%
NETHERLANDS	9.99M	16.76M	51.56M	-	-	-	154.82M	215.44M	236.29M	188.58M
NETHERLANDS Growth	-	67.80%	207.58%	-	-	-	-	39.16%	9.68%	-20.19%
CANADA	57.64M	58.74M	57.13M	-	-	-	96.65M	114.91M	97.98M	88.35M
CANADA Growth	-	1.91%	-2.75%	-	-	-	-	18.90%	-14.73%	-9.83%
Russia	36.51M	40.87M	61.22M	73.15M	92.14M	110.35M	155.19M	64.75M	13.29M	-
Russia Growth	-	11.94%	49.81%	19.48%	25.96%	19.77%	40.63%	-58.28%	-79.47%	-
North America	-	-	-	1.08B	1.38B	1.6B	-	-	-	-
North America Growth	-	-	-	-	28.21%	15.99%	-	-	-	-
Europe	-	-	-	693.87M	820.72M	947.3M	-	-	-	-
Europe Growth	-	-	-	-	18.28%	15.42%	-	-	-	-
SWEDEN	10.59M	22.95M	32.16M	-	-	-	-	-	-	-
SWEDEN Growth	-	116.69%	40.17%	-	-	-	-	-	-	-
HONG KONG	23.12M	20.33M	19.8M	-	-	-	-	-	-	-
HONG KONG Growth	-	-12.04%	-2.65%	-	-	-	-	-	-	-
UNITED ARAB EMIRATES	-	-	12.4M	-	-	-	-	-	-	-
UNITED ARAB EMIRATES Growth	-	-	-	-	-	-	-	-	-	-
BELGIUM	7.92M	8.51M	8.72M	-	-	-	-	-	-	-
BELGIUM Growth	-	7.44%	2.59%	-	-	-	-	-	-	-
IRELAND	5.44M	5.15M	8.67M	-	-	-	-	-	-	-
IRELAND Growth	-	-5.24%	68.36%	-	-	-	-	-	-	-
CHINA	-	4.45M	7.38M	-	-	-	-	-	-	-
CHINA Growth	-	-	66.01%	-	-	-	-	-	-	-
ITALY	-	3.97M	6.5M	-	-	-	-	-	-	-
ITALY Growth	-	-	63.85%	-	-	-	-	-	-	-
SPAIN	-	3.41M	-	-	-	-	-	-	-	-
SPAIN Growth	-	-	-	-	-	-	-	-	-	-
KAZAKHSTAN	4.91M	-	-	-	-	-	-	-	-	-
KAZAKHSTAN Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

EPAM Systems, Inc. (EPAM) has a price-to-earnings (P/E) ratio of 27.5x. This suggests investors expect higher future growth.

Growth & Financials

EPAM Systems, Inc. (EPAM) reported $5.30B in revenue for fiscal year 2024. This represents a 1484% increase from $334.5M in 2011.

EPAM Systems, Inc. (EPAM) grew revenue by 0.8% over the past year. Growth has been modest.

Yes, EPAM Systems, Inc. (EPAM) is profitable, generating $371.6M in net income for fiscal year 2024 (9.6% net margin).

Dividend & Returns

EPAM Systems, Inc. (EPAM) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.

EPAM Systems, Inc. (EPAM) generated $459.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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