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EPAM Systems, Inc.(EPAM)Earnings, Financials & Key Ratios
EPAM•NYSE
11.4× P/E·Price updated Jun 19, 2026
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$5.46B+15.4%
- EBITDA$646M-3.8%
- Net Income$378M-16.9%
- EPS (Diluted)6.72-14.3%
- Gross Margin26.55%-13.5%
- EBITDA Margin11.84%-16.7%
- Operating Margin9.55%-17.1%
- Net Margin6.92%-28.0%
- ROE10.33%-19.3%
EPAM Key Insights
EPAM Systems, Inc. (EPAM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 15.5%
- ✓Share count reduced 3.0% through buybacks
- ✓Trading at only 1.2x book value
- ✓Efficient asset utilization: 1.1x turnover
✗Weaknesses
- ✗Weak momentum: RS Rating 6 (bottom 6%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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EPAM Price & Volume
EPAM Systems, Inc. (EPAM) stock price & volume — 10-year historical chart
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EPAM Growth Metrics
EPAM Systems, Inc. (EPAM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years19.56%
5 Years15.46%
3 Years4.19%
TTM14.21%
Profit CAGR
10 Years16.16%
5 Years2.91%
3 Years-3.43%
TTM-6.08%
EPS CAGR
10 Years15.29%
5 Years3.71%
3 Years-1.77%
TTM-2.52%
Return on Capital
10 Years17.7%
5 Years16.51%
3 Years13.97%
Last Year13.27%
EPAM Recent Earnings
EPAM Systems, Inc. (EPAM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$2.86+4.0%
$2.75
Rev
$1.4B+0.4%
$1.4B
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$3.26+3.2%
$3.16
Rev
$1.4B+1.2%
$1.4B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$3.08+1.7%
$3.03
Rev
$1.4B+1.4%
$1.4B
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$2.77+6.1%
$2.61
Rev
$1.4B-1.6%
$1.4B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $2.86vs $2.75+4.0% | $1.4Bvs $1.4B+0.4% |
| Q1 2026 | Feb 19, 2026 | $3.26vs $3.16+3.2% | $1.4Bvs $1.4B+1.2% |
| Q4 2025 | Nov 6, 2025 | $3.08vs $3.03+1.7% | $1.4Bvs $1.4B+1.4% |
| Q3 2025 | Aug 7, 2025 | $2.77vs $2.61+6.1% | $1.4Bvs $1.4B-1.6% |
Based on last 12 quarters of dataView full earnings history →
EPAM Peer Comparison
EPAM Systems, Inc. (EPAM) competitors in Digital Engineering and Product Development — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GLOB | 1.33B | 30.74 | 13.42 | 1.62% | 4.46% | 4.97% | 0.22 | |
 CTSH | 20.71B | 43.70 | 9.60 | 6.95% | 10.41% | 14.79% | 0.10 | |
 INFY | 42.87B | 10.57 | 13.91 | 3.85% | 16.16% | 29.59% | 0.09 | |
 WIT | 25.04B | 2.39 | 17.97 | -0.24% | 15.05% | 15.7% | 0.23 | |
 KFRC | 829.64M | 45.39 | 23.16 | -5.43% | 2.6% | 27.22% | 0.56 | |
 EXLS | 4.06B | 25.93 | 16.84 | 13.56% | 11.66% | 27.16% | 0.44 | |
 ACN | 80.34B | 130.55 | 10.74 | 7.36% | 10.7% | 24.08% | 0.25 | |
 IBM | 233.66B | 249.10 | 22.30 | 7.62% | 15.61% | 35.44% | 2.05 |
Compare EPAM vs Peers
EPAM Systems, Inc. (EPAM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EPAM Income Statement
EPAM Systems, Inc. (EPAM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.45B | 1.84B | 2.29B | 2.66B | 3.76B | 4.82B | 4.69B | 4.73B | 5.46B | 5.56B |
Revenue Growth % | 25.02% | 27.06% | 24.47% | 15.94% | 41.31% | 28.38% | -2.78% | 0.8% | 15.42% | 14.21% |
Cost of Goods Sold | 921.35M | 1.19B | 1.49B | 1.73B | 2.48B | 3.29B | 3.26B | 3.28B | 4.01B | 4.01B |
COGS % of Revenue | 63.52% | 64.4% | 64.88% | 65.15% | 66.09% | 68.12% | 69.43% | 69.32% | 73.45% | - |
Gross Profit | 529.1M▲ 0% | 655.99M▲ 24.0% | 805.6M▲ 22.8% | 926.96M▲ 15.1% | 1.27B▲ 37.5% | 1.54B▲ 20.7% | 1.43B▼ 6.8% | 1.45B▲ 1.1% | 1.45B▼ 0.1% | 1.55B▲ 0% |
Gross Margin % | 36.48% | 35.6% | 35.12% | 34.85% | 33.91% | 31.88% | 30.57% | 30.68% | 26.55% | 27.92% |
Gross Profit Growth % | 25.1% | 23.98% | 22.81% | 15.06% | 37.49% | 20.68% | -6.76% | 1.14% | -0.12% | - |
Operating Expenses | 356.15M | 410.23M | 502.75M | 547.63M | 732.13M | 965.05M | 932.79M | 905.86M | 927.55M | 1B |
OpEx % of Revenue | 24.55% | 22.26% | 21.92% | 20.59% | 19.48% | 20% | 19.89% | 19.16% | 17% | - |
Selling, General & Admin | 327.59M | 373.59M | 457.43M | 484.76M | 648.74M | 872.78M | 815.07M | 816.3M | 928.71M | 938.4M |
SG&A % of Revenue | 22.59% | 20.27% | 19.94% | 18.23% | 17.26% | 18.09% | 17.38% | 17.27% | 17.02% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 28.56M | 36.64M | 45.32M | 62.87M | 83.39M | 92.27M | 117.72M | 89.56M | 0 | 2M |
Operating Income | 172.95M▲ 0% | 245.76M▲ 42.1% | 302.85M▲ 23.2% | 379.32M▲ 25.3% | 542.32M▲ 43.0% | 572.97M▲ 5.7% | 501.24M▼ 12.5% | 544.58M▲ 8.6% | 521.16M▼ 4.3% | 550.4M▲ 0% |
Operating Margin % | 11.92% | 13.34% | 13.2% | 14.26% | 14.43% | 11.88% | 10.69% | 11.52% | 9.55% | 9.91% |
Operating Income Growth % | 29.36% | 42.1% | 23.23% | 25.25% | 42.97% | 5.65% | -12.52% | 8.65% | -4.3% | - |
EBITDA | 201.51M | 282.4M | 404.03M | 508.57M | 687.47M | 713.01M | 633.94M | 671.69M | 645.97M | 696.4M |
EBITDA Margin % | 13.89% | 15.32% | 17.61% | 19.12% | 18.29% | 14.78% | 13.52% | 14.21% | 11.84% | 12.54% |
EBITDA Growth % | 28.28% | 40.15% | 43.07% | 25.87% | 35.18% | 3.72% | -11.09% | 5.95% | -3.83% | 3.9% |
D&A (Non-Cash Add-back) | 28.56M | 36.64M | 101.18M | 129.24M | 145.15M | 140.05M | 132.7M | 127.1M | 124.81M | 146M |
EBIT | 172.95M | 245.76M | 302.85M | 379.32M | 535.12M | 572.97M | 527.16M | 544.58M | 505.62M | 532.55M |
Net Interest Income | 4.6M | 3.52M | 8.72M | 3.82M | -1.73M | 10.03M | 51.12M | 46.88M | 15.01M | 8.06M |
Interest Income | 4.6M | 3.52M | 8.72M | 3.82M | 0 | 10.03M | 51.12M | 46.88M | 15.01M | 8.06M |
Interest Expense | 0 | 0 | 0 | 0 | 1.73M | 0 | 0 | 0 | 0 | 0 |
Other Income/Expense | 1.36M | 4.01M | -3.32M | -845K | -8.92M | -65.71M | 35.35M | 39.83M | -15.54M | -18.55M |
Pretax Income | 174.31M▲ 0% | 249.77M▲ 43.3% | 299.53M▲ 19.9% | 378.48M▲ 26.4% | 533.39M▲ 40.9% | 507.26M▼ 4.9% | 536.59M▲ 5.8% | 584.41M▲ 8.9% | 505.62M▼ 13.5% | 531.86M▲ 0% |
Pretax Margin % | 12.02% | 13.55% | 13.06% | 14.23% | 14.19% | 10.51% | 11.44% | 12.36% | 9.27% | 9.57% |
Income Tax | 101.55M | 9.52M | 38.47M | 51.32M | 51.74M | 87.84M | 119.5M | 129.88M | 127.95M | 145.14M |
Effective Tax Rate % | 58.26% | 3.81% | 12.84% | 13.56% | 9.7% | 17.32% | 22.27% | 22.22% | 25.3% | 27.29% |
Net Income | 72.76M▲ 0% | 240.26M▲ 230.2% | 261.06M▲ 8.7% | 327.16M▲ 25.3% | 481.65M▲ 47.2% | 419.42M▼ 12.9% | 417.08M▼ 0.6% | 454.53M▲ 9.0% | 377.68M▼ 16.9% | 386.72M▲ 0% |
Net Margin % | 5.02% | 13.04% | 11.38% | 12.3% | 12.82% | 8.69% | 8.89% | 9.61% | 6.92% | 6.96% |
Net Income Growth % | -26.7% | 230.2% | 8.66% | 25.32% | 47.22% | -12.92% | -0.56% | 8.98% | -16.91% | -6.08% |
Net Income (Continuing) | 72.76M | 240.26M | 261.06M | 327.16M | 481.65M | 419.42M | 417.08M | 454.53M | 377.68M | 386.72M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 8.72M | 1.48M | 579K | 1.94M | 582K | 582K |
EPS (Diluted) | 1.32▲ 0% | 4.24▲ 221.2% | 4.53▲ 6.8% | 5.60▲ 23.6% | 8.15▲ 45.5% | 7.09▼ 13.0% | 7.06▼ 0.4% | 7.84▲ 11.0% | 6.72▼ 14.3% | 7.14▲ 0% |
EPS Growth % | -29.41% | 221.21% | 6.84% | 23.62% | 45.54% | -13.01% | -0.42% | 11.05% | -14.29% | -2.52% |
EPS (Basic) | 1.40 | 4.24 | 4.77 | 5.87 | 8.52 | 7.32 | 7.21 | 7.93 | 6.76 | - |
Diluted Shares Outstanding | 54.98M | 56.67M | 57.67M | 58.45M | 59.06M | 59.17M | 59.09M | 57.98M | 56.23M | 54.18M |
Basic Shares Outstanding | 52.08M | 56.66M | 57.63M | 55.73M | 56.51M | 57.29M | 57.83M | 57.29M | 55.89M | 53.79M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
EPAM Balance Sheet
EPAM Systems, Inc. (EPAM) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 960.03M | 1.2B | 1.47B | 1.91B | 2.27B | 2.76B | 3.09B | 2.43B | 2.53B | 2.36B |
Cash & Short-Term Investments | 582.59M | 770.56M | 936.56M | 1.38B | 1.45B | 1.74B | 2.1B | 1.29B | 1.3B | 1.04B |
Cash Only | 582.59M | 770.56M | 936.55M | 1.32B | 1.45B | 1.68B | 2.04B | 1.29B | 1.3B | 1.04B |
Short-Term Investments | 0 | 0 | 9K | 60.01M | 0 | 60.34M | 60.74M | 1.69M | 0 | 0 |
Accounts Receivable | 352.14M | 402.34M | 497.72M | 501.06M | 768.93M | 932.63M | 897.03M | 1B | 1.11B | 1.17B |
Days Sales Outstanding | 88.61 | 79.69 | 79.2 | 68.77 | 74.68 | 70.56 | 69.8 | 77.37 | 74.12 | 75.1 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
Other Current Assets | 0 | 0 | 0 | 0 | 0 | 85.32M | 97.36M | 136.12M | 129.61M | 145.81M |
Total Non-Current Assets | 290.22M | 412.73M | 770M | 808.55M | 1.25B | 1.25B | 1.26B | 2.32B | 2.37B | 2.35B |
Property, Plant & Equipment | 86.42M | 102.65M | 404.25M | 398.2M | 421.06M | 422.13M | 369.95M | 335.91M | 317.26M | 321.26M |
Fixed Asset Turnover | 16.78x | 17.95x | 5.67x | 6.68x | 8.93x | 11.43x | 12.68x | 14.07x | 17.20x | 17.20x |
Goodwill | 119.53M | 166.83M | 195.04M | 211.96M | 530.72M | 529.07M | 562.46M | 1.18B | 1.21B | 1.2B |
Intangible Assets | 44.51M | 57.06M | 56.26M | 51.98M | 101.14M | 77.65M | 71.12M | 436.42M | 406.59M | 385.73M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 14.79M | 16.21M | 39.43M | 53.96M | 56.9M | 47.88M | 59.58M | 100.52M | 138.72M | 151.44M |
Total Assets | 1.25B▲ 0% | 1.61B▲ 28.9% | 2.24B▲ 39.2% | 2.72B▲ 21.3% | 3.52B▲ 29.5% | 4.01B▲ 13.8% | 4.35B▲ 8.6% | 4.75B▲ 9.1% | 4.9B▲ 3.2% | 4.7B▲ 0% |
Asset Turnover | 1.16x | 1.14x | 1.02x | 0.98x | 1.07x | 1.20x | 1.08x | 1.00x | 1.11x | 1.16x |
Asset Growth % | 35.04% | 28.92% | 39.24% | 21.26% | 29.47% | 13.79% | 8.56% | 9.15% | 3.19% | 22.97% |
Total Current Liabilities | 180.97M | 262.83M | 386.95M | 465.95M | 763.42M | 747.48M | 644.93M | 821.04M | 976.94M | 884.33M |
Accounts Payable | 5.57M | 7.44M | 7.83M | 10.19M | 24.85M | 30.85M | 31.99M | 44.7M | 55.33M | 40.11M |
Days Payables Outstanding | 2.21 | 2.29 | 1.92 | 2.15 | 3.65 | 3.43 | 3.59 | 4.98 | 5.04 | 4.18 |
Short-Term Debt | 0 | 0 | 0 | 0 | 16.02M | 2.86M | 0 | 0 | 37.17M | 36.75M |
Deferred Revenue (Current) | 4.5M | 4.56M | 9.13M | 17.38M | 39.81M | 36.04M | 27.99M | 59.32M | 104.22M | 104.22M |
Other Current Liabilities | 91.28M | 201.8M | 269.31M | 321.37M | 545.87M | 525.87M | 460.08M | 568.59M | 146.47M | 807.47M |
Current Ratio | 5.31x | 4.56x | 3.81x | 4.11x | 2.97x | 3.69x | 4.79x | 2.96x | 2.59x | 2.67x |
Quick Ratio | 5.31x | 4.56x | 3.81x | 4.11x | 2.97x | 3.69x | 4.79x | 2.96x | 2.59x | 2.67x |
Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | 70.92 |
Total Non-Current Liabilities | 94.34M | 86.38M | 261.12M | 272.36M | 263.97M | 258.66M | 235.96M | 298.28M | 247.39M | 387.41M |
Long-Term Debt | 25.03M | 25.03M | 25.07M | 25.04M | 30.23M | 27.69M | 26.13M | 25.19M | 25.03M | 251.19M |
Capital Lease Obligations | 0 | 0 | 180.85M | 180.6M | 142.8M | 122.32M | 109.26M | 98.43M | 81.5M | 268.44M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 8.74M | 92.36M | 76.97M | 345.78M |
Other Non-Current Liabilities | 69.31M | 61.35M | 55.19M | 66.72M | 90.93M | 108.65M | 91.83M | 82.3M | 63.89M | 62.42M |
Total Liabilities | 275.31M | 349.21M | 648.06M | 738.31M | 1.03B | 1.01B | 880.89M | 1.12B | 1.22B | 1.27B |
Total Debt | 25.03M | 25.03M | 263.46M | 266.4M | 239.16M | 193.22M | 171.94M | 163.25M | 143.7M | 287.94M |
Net Debt | -557.55M | -745.53M | -673.09M | -1.06B | -1.21B | -1.49B | -1.86B | -1.12B | -1.15B | -749.02M |
Debt / Equity | 0.03x | 0.02x | 0.17x | 0.13x | 0.10x | 0.06x | 0.05x | 0.04x | 0.04x | 0.08x |
Debt / EBITDA | 0.12x | 0.09x | 0.65x | 0.52x | 0.35x | 0.27x | 0.27x | 0.24x | 0.22x | 0.41x |
Net Debt / EBITDA | -2.77x | -2.64x | -1.67x | -2.08x | -1.76x | -2.09x | -2.94x | -1.67x | -1.78x | -1.08x |
Interest Coverage | - | - | - | - | 309.85x | - | - | - | - | - |
Total Equity | 974.95M▲ 0% | 1.26B▲ 29.5% | 1.6B▲ 26.4% | 1.98B▲ 24.2% | 2.5B▲ 25.9% | 3B▲ 20.3% | 3.47B▲ 15.6% | 3.63B▲ 4.6% | 3.68B▲ 1.3% | 3.43B▲ 0% |
Equity Growth % | 24.77% | 29.5% | 26.42% | 24.24% | 25.86% | 20.32% | 15.6% | 4.6% | 1.28% | 8.28% |
Book Value per Share | 17.73 | 22.28 | 27.68 | 33.93 | 42.26 | 50.75 | 58.75 | 62.62 | 65.40 | 63.34 |
Total Shareholders' Equity | 974.95M | 1.26B | 1.6B | 1.98B | 2.49B | 3B | 3.47B | 3.63B | 3.68B | 3.43B |
Common Stock | 53K | 54K | 55K | 56K | 57K | 58K | 58K | 57K | 54K | 53K |
Retained Earnings | 518.82M | 759.53M | 1.02B | 1.35B | 1.83B | 2.25B | 2.5B | 2.56B | 2.27B | 2.08B |
Treasury Stock | -177K | -177K | -177K | -177K | -177K | -118K | 0 | 0 | 0 | 0 |
Accumulated OCI | -17.62M | -41.51M | -31.37M | -25.51M | -54.21M | -95.32M | -39.04M | -116.86M | 18.55M | -13.77M |
Minority Interest | 0 | 0 | 0 | 0 | 8.72M | 1.48M | 579K | 1.94M | 582K | 582K |
EPAM Cash Flow Statement
EPAM Systems, Inc. (EPAM) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 195.36M | 292.22M | 287.45M | 544.41M | 572.33M | 464.1M | 562.63M | 559.17M | 654.93M | 594.41M |
Operating CF Margin % | 13.47% | 15.86% | 12.53% | 20.47% | 15.23% | 9.62% | 12% | 11.83% | 12% | - |
Operating CF Growth % | 18.53% | 49.58% | -1.63% | 89.39% | 5.13% | -18.91% | 21.23% | -0.62% | 17.13% | -118.23% |
Net Income | 72.76M | 240.26M | 261.06M | 327.16M | 481.65M | 419.42M | 417.08M | 454.53M | 377.68M | 386.72M |
Depreciation & Amortization | 28.56M | 36.64M | 101.18M | 129.24M | 145.15M | 140.05M | 132.7M | 127.1M | 166.08M | 156.33M |
Stock-Based Compensation | 52.41M | 59.19M | 72.04M | 75.24M | 111.66M | 99.91M | 147.73M | 167.3M | 176.76M | 178.23M |
Deferred Taxes | 12.56M | -48M | -7.76M | -19.99M | -46.9M | -42.16M | -37.19M | -64.19M | -59.3M | -42.61M |
Other Non-Cash Items | -3.96M | -864K | 6.38M | 9.05M | 15.63M | 76.72M | 27.48M | 1.74M | 184.9M | 191.54M |
Working Capital Changes | 33.03M | 5M | -145.44M | 23.71M | -134.86M | -229.83M | -125.17M | -127.31M | -191.19M | -275.79M |
Change in Receivables | -58.74M | -31M | -87.17M | 4.24M | -211.68M | -192.71M | 32.36M | 15.59M | -69.13M | -71.25M |
Change in Inventory | -688.51M | -899.46M | 87.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 1.22M | -772K | -1.69M | 2.43M | -2.4M | -2.93M | 154K | -29.08M | -12.68M | -25.99M |
Cash from Investing | -36.17M | -112.12M | -145.37M | -167.15M | -368.92M | -182.93M | -66.77M | -884.98M | -49.05M | -59.38M |
Capital Expenditures | -29.81M | -37.57M | -99.31M | -68.79M | -111.5M | -81.63M | -28.41M | -32.15M | -42.24M | -42.47M |
CapEx % of Revenue | 2.05% | 2.04% | 4.33% | 2.59% | 2.97% | 1.69% | 0.61% | 0.68% | 0.77% | 0.76% |
Acquisitions | -6.84M | -74.27M | -39.32M | -18.89M | -314.96M | -10.64M | -24.82M | -912.16M | -3.43M | -7.07M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 473K | -699K | -6.74M | 1.02M | 79K | -29.03M | -9.94M | 2.31M | -3.34M | -17.45M |
Cash from Financing | 49.75M | 23M | 20.36M | -765K | -59.56M | -2.02M | -165.77M | -390.41M | -651.2M | -693.88M |
Debt Issued (Net) | -103K | -3.49M | -9K | -18K | 55K | -13.78M | -2.14M | -1.86M | 0 | 139.44M |
Equity Issued (Net) | 0 | 0 | 0 | 26.41M | 26.29M | 50.66M | -164.92M | -398.03M | 0 | -566.87M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -164.92M | -398.03M | 0 | -602.62M |
Other Financing | 49.85M | 26.5M | 20.37M | -27.16M | -85.9M | -38.9M | 1.29M | 9.48M | -651.2M | -266.45M |
Net Change in Cash | 220.56M▲ 0% | 188.86M▼ 14.4% | 165.98M▼ 12.1% | 385.85M▲ 132.5% | 125.81M▼ 67.4% | 234.29M▲ 86.2% | 359.47M▲ 53.4% | -752.72M▼ 309.4% | 10.98M▲ 101.5% | -135.88M▲ 0% |
Free Cash Flow | 165.56M▲ 0% | 254.64M▲ 53.8% | 188.15M▼ 26.1% | 475.61M▲ 152.8% | 460.83M▼ 3.1% | 382.48M▼ 17.0% | 534.22M▲ 39.7% | 527.02M▼ 1.3% | 612.69M▲ 16.3% | 543.64M▲ 0% |
FCF Margin % | 11.41% | 13.82% | 8.2% | 17.88% | 12.26% | 7.93% | 11.39% | 11.15% | 11.23% | 9.79% |
FCF Growth % | 22.18% | 53.81% | -26.11% | 152.79% | -3.11% | -17% | 39.67% | -1.35% | 16.26% | 29.85% |
FCF per Share | 3.01 | 4.49 | 3.26 | 8.14 | 7.80 | 6.46 | 9.04 | 9.09 | 10.90 | 10.03 |
FCF Conversion (FCF/Net Income) | 2.69x | 1.22x | 1.10x | 1.66x | 1.19x | 1.11x | 1.35x | 1.23x | 1.73x | 1.41x |
Interest Paid | 548K | 777K | 832K | 425K | 413K | 1.66M | 4.7M | 3.74M | 0 | 0 |
Taxes Paid | 26.67M | 40.44M | 65.31M | 54.52M | 87.32M | 113.19M | 177.43M | 196.39M | 0 | 0 |
EPAM Key Ratios
EPAM Systems, Inc. (EPAM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 8.29% | 21.48% | 18.26% | 18.28% | 21.51% | 15.25% | 12.88% | 12.8% | 10.33% | 10.66% |
Return on Invested Capital (ROIC) | 30.1% | 39.45% | 31.54% | 30.75% | 36.71% | 30.66% | 24.08% | 19.85% | 15.53% | 15.52% |
Gross Margin | 36.48% | 35.6% | 35.12% | 34.85% | 33.91% | 31.88% | 30.57% | 30.68% | 26.55% | 27.92% |
Net Margin | 5.02% | 13.04% | 11.38% | 12.3% | 12.82% | 8.69% | 8.89% | 9.61% | 6.92% | 6.96% |
Debt / Equity | 0.03x | 0.02x | 0.17x | 0.13x | 0.10x | 0.06x | 0.05x | 0.04x | 0.04x | 0.08x |
Interest Coverage | - | - | - | - | 309.85x | - | - | - | - | - |
FCF Conversion | 2.69x | 1.22x | 1.10x | 1.66x | 1.19x | 1.11x | 1.35x | 1.23x | 1.73x | 1.41x |
Revenue Growth | 25.02% | 27.06% | 24.47% | 15.94% | 41.31% | 28.38% | -2.78% | 0.8% | 15.42% | 14.21% |
Related:EPAM Dividend History·EPAM Revenue History·EPAM Price History·EPAM P/E History·EPAM Financial Ratios·EPAM Institutional Holders
EPAM SEC Filings & Documents
EPAM Systems, Inc. (EPAM) SEC filings — annual & quarterly reports (10-K, 10-Q)
EPAM Frequently Asked Questions
EPAM Systems, Inc. (EPAM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
EPAM Systems, Inc. (EPAM) reported $5.56B in revenue for fiscal year 2025. This represents a 3605% increase from $149.9M in 2009.
EPAM Systems, Inc. (EPAM) grew revenue by 15.4% over the past year. This is strong growth.
Yes, EPAM Systems, Inc. (EPAM) is profitable, generating $386.7M in net income for fiscal year 2025 (6.9% net margin).
Dividend & Returns
EPAM Systems, Inc. (EPAM) has a return on equity (ROE) of 10.3%. This is reasonable for most industries.
EPAM Systems, Inc. (EPAM) generated $543.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.