EPAM Systems, Inc.
EPAM NYSE· Services-Computer Programming Services
Last close · Oct 23, 2026
$136.25
KIRA · Stoqly’s AI analyst, in plain words
- EPAM Systems, Inc. had $5.5B of revenue in fiscal 2025, up 15.4% on the year before. Over five years, revenue changed +15.5% a year on average.
- Its operating margin was 9.5%, down 2.0 pts: of every 100 in sales, about 10 is left after running the business.
- EPAM Systems, Inc. made $378M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 15.3% a year.
- Free cash flow was $613M in fiscal 2025, 11.2% of revenue.
- EPAM Systems, Inc. returned $662M to shareholders in fiscal 2025, 108% of free cash flow. The diluted share count fell 3.0%.
- EPAM Systems, Inc. has $1.3B more cash than debt.
Market cap
$7.1B
P/E
18.5x
Revenue
$5.5B
Net income
$378M
Free cash flow
$613M
Operating margin
9.5%
EPAM Systems, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+15.4%
Yes. Sales grew 15.4% last year.
Does it make a profit?
6.9%
A little. It keeps 6.9% of every sale as profit.
Does profit turn into cash?
11.2%
Yes. 11.2% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
18.5x
One share costs 18.5 times its yearly profit per share.
What EPAM Systems, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- EPAM Systems, Inc.
- CIK
- 0001352010
EPAM Systems, Inc. · EPAM
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.8B | $4.8B | $4.7B | $4.7B | $5.5B |
| Revenue growth | 41.3% | 28.4% | −2.8% | 0.8% | 15.4% |
| Gross margin | 33.9% | 31.9% | 30.6% | 30.7% | 28.8% |
| Operating margin | 14.4% | 11.9% | 10.7% | 11.5% | 9.5% |
| Net income | $482M | $419M | $417M | $455M | $378M |
| Net margin | 12.8% | 8.7% | 8.9% | 9.6% | 6.9% |
| Diluted EPS | $8.15 | $7.09 | $7.06 | $7.84 | $6.72 |
| Cash | |||||
| Cash from operations | $572M | $464M | $563M | $559M | $655M |
| Capital expenditure | $112M | $81.6M | $28.4M | $32.1M | $42.2M |
| Free cash flow | $461M | $382M | $534M | $527M | $613M |
| FCF margin | 12.3% | 7.9% | 11.4% | 11.1% | 11.2% |
| Share buybacks | $0.0M | $0.0M | $165M | $398M | $662M |
| Share count change | 1.1% | 0.2% | −0.1% | −1.9% | −3.0% |
| Debt and strength | |||||
| Cash and short-term investments | $1.4B | $1.7B | $2.1B | $1.3B | $1.3B |
| Debt incl. finance leases | $46.3M | $30.6M | $26.1M | $25.2M | $25.0M |
| Shareholders' equity | $2.5B | $3.0B | $3.5B | $3.6B | $3.7B |
| Net debt / EBITDA | −2.2x | −2.6x | −3.5x | −2.0x | −2.0x |
| Current ratio | 3.0x | 3.7x | 4.8x | 3.0x | 2.6x |
| Returns and quality | |||||
| Return on capital | 45.1% | 36.7% | 27.8% | 17.9% | 16.1% |
| Return on equity | 21.5% | 15.3% | 12.9% | 12.8% | 10.3% |
| Return on tangible equity | 26.0% | 17.5% | 14.7% | 22.6% | 18.3% |
| Piotroski F-score | 5 | 6 | 6 | 6 | 6 |
Insiders bought, 12 months
$0.1M
7 insiders
Insiders sold, 12 months
$1.6M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
EPAM Systems, Inc. · EPAM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $136.25 a share, the company is worth $7.1B: 18.5 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001352010). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.