EPAM Systems, Inc. (EPAM)
EPAM 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; cloud services for creating a roadmap to set and refine IT and business goals while identifying new and emerging opportunities leveraging cloud technologies; data, analytics, and artificial intelligence; customer experience; marketing; and cybersecurity. It also offers operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers software product and platform development services, which comprise product research, customer experience design and prototyping, program management, component design and integration, full lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, managed services, as well as cross-platform migration and modernizing legacy platforms. The company has a collaboration with Wiz to help organizations turn cloud risk intelligence into continuous, AI-powered, and engineering-led remediation across complex multi-cloud environments. The company serves the financial services; consumer goods, retail, and travel; software and hi-tech; business information and media; life sciences and healthcare; and emerging vertical industries. EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania.
- Symbol
- EPAM
- Exchange
- NYSE
- Sector
- Technology
- Industry
- Information Technology Services
- Market cap
- $5.59B
- 52 week range
- 73.06 - 222.53
Valuation
- Share price
- $108.29 (close of 2026-10-02)
- P/E (TTM)
- 14.61x
- Price to book
- 1.59x
- Price to free cash flow
- 11.57x
- Enterprise value
- $4.95B
- Book value per share
- $68.22
Price performance
| Period | Change |
|---|---|
| 1 day | -5.30% |
| 5 days | +0.06% |
| 1 month | -7.60% |
| 3 months | +22.68% |
| 6 months | -21.52% |
| Year to date | -47.14% |
| 1 year | -29.12% |
| 3 years | -57.00% |
| 5 years | -81.18% |
| 10 years | +56.24% |
| All time | +673.50% |
Members of Congress who disclosed EPAM trades
Jefferson Shreve · Gilbert Ray Cisneros · Lisa McClain
Super investors holding EPAM
Ken Griffin (Citadel) · Greenhaven Associates (Greenhaven Associates Inc)
Profitability and growth
- Return on equity
- 10.27%
- Return on invested capital
- 15.52%
- Return on assets
- 7.70%
- Return on capital employed
- 13.25%
- Gross margin
- 28.83%
- Net margin
- 6.92%
- EBITDA margin
- 11.82%
- Revenue growth
- 15.42%
- Net income growth
- -16.91%
- Free cash flow growth
- 16.26%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 8.64%
- Current ratio
- 2.75x
- Net debt to EBITDA
- -0.88x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $5.46B
- Cost of revenue
- $3.88B
- Gross profit
- $1.57B
- EBITDA
- $644.81M
- Net income
- $377.68M
- Earnings per share
- $6.76
- Shares outstanding
- 55.89M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $5.46B | $1.57B | $377.68M | $6.76 |
| 2024-12-31 | $4.73B | $1.45B | $454.53M | $7.93 |
| 2023-12-31 | $4.69B | $1.43B | $417.08M | $7.21 |
| 2022-12-31 | $4.82B | $1.54B | $419.42M | $7.32 |
| 2021-12-31 | $3.76B | $1.27B | $481.65M | $8.52 |
| 2020-12-31 | $2.66B | $926.96M | $327.16M | $5.87 |
| 2019-12-31 | $2.29B | $805.60M | $261.06M | $4.77 |
| 2018-12-31 | $1.84B | $655.99M | $240.26M | $4.48 |
| 2017-12-31 | $1.45B | $529.10M | $72.76M | $1.40 |
| 2016-12-31 | $1.16B | $422.95M | $99.27M | $1.97 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 28.83% | 6.92% | 10.27% | 15.52% |
| 2024-12-31 | 30.68% | 9.61% | 12.52% | 16.55% |
| 2023-12-31 | 30.57% | 8.89% | 12.01% | 24.68% |
| 2022-12-31 | 31.88% | 8.69% | 13.97% | 33.42% |
| 2021-12-31 | 33.91% | 12.82% | 19.30% | 38.08% |
| 2020-12-31 | 34.85% | 12.30% | 16.50% | 35.37% |
| 2019-12-31 | 35.12% | 11.38% | 16.36% | 29.44% |
| 2018-12-31 | 35.60% | 13.04% | 19.03% | 48.01% |
| 2017-12-31 | 36.48% | 5.02% | 7.46% | 22.04% |
| 2016-12-31 | 36.46% | 8.56% | 12.70% | 25.39% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $1.30B | $25.03M |
| 2024-12-31 | $1.29B | $25.19M |
| 2023-12-31 | $2.10B | $26.13M |
| 2022-12-31 | $1.74B | $27.69M |
| 2021-12-31 | $1.45B | $30.23M |
| 2020-12-31 | $1.32B | $25.04M |
| 2019-12-31 | $936.55M | - |
| 2018-12-31 | $770.56M | - |
| 2017-12-31 | $582.59M | - |
| 2016-12-31 | $362.02M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $612.69M | $176.76M |
| 2024-12-31 | $527.02M | $167.30M |
| 2023-12-31 | $534.22M | $147.73M |
| 2022-12-31 | $382.48M | $99.91M |
| 2021-12-31 | $460.83M | $111.66M |
| 2020-12-31 | $475.61M | $75.24M |
| 2019-12-31 | $188.15M | $72.04M |
| 2018-12-31 | $254.64M | $59.19M |
| 2017-12-31 | $163.01M | $52.41M |
| 2016-12-31 | $137.90M | $49.24M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $2.76
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-06 | Jun/2026 | $2.44 |
| 2026-05-07 | Mar/2026 | $2.04 |
| 2026-02-19 | Dec/2025 | $2.55 |
| 2025-11-06 | Sep/2025 | $2.42 |
| 2025-08-07 | Jun/2025 | $2.07 |
| 2025-05-08 | Mar/2025 | $1.62 |
| 2025-02-20 | Dec/2024 | $2.17 |
| 2024-11-07 | Sep/2024 | $2.09 |
Filings and sources
- Company website
- epam.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
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