EPAM Systems is a global IT services firm with a focus on platform engineering, software development, and consulting services. The company used to host large engineer bases in Ukraine, Belarus, and Russia, but it now delivers from various locations across different continents.
It is a $5.84B technology company. Revenue grew 10.8% over the last year, it keeps 7¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 14.5× earnings — near the lowest of its own history.
- Website
- epam.com
- Location
- Newtown, PA
- Employees
- 62 850
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, health, quality and moat; Growth lags behind.
Valuation100
- P/E vs own history7th pct · 25/25
- FCF yield8.3% · 25/25
- P/S1.0x · 25/25
- EV/EBITDA7.4x · 25/25
Growth43
- Revenue CAGR9.8% · 12/25
- Net income CAGR-5.9% · 0/25
- EPS CAGR ~5Y3.7% · 6/25
- Fwd implied growth68.8% · 25/25
Profitability57
- ROIC15.7% · 20/25
- ROE11.2% · 12/25
- Net margin7.2% · 13/25
- Operating margin10.0% · 12/25
Health75
- Altman Zn/a · 0/25
- Current ratio2.75 · 25/25
- Interest coverage29.3x · 25/25
- Net cash / debtNet cash · 25/25
Quality90
- Piotroski F6/9 · 15/25
- Beneish M-2.65 · 25/25
- FCF conversion120% · 25/25
- Margin stabilityσ 1.7% · 25/25
Moat81
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin34.4% · 13/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 5.0% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Q2 2026Insiders4 open-market insider purchases~312 shares bought by insiders
- FY2021FinancialBest year on record$482M net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$1.16B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 10.8% year over year
- Net cash position after subtracting debt from cash
- Interest covered 29.3× by operating earnings
- High returns on invested capital (ROIC 15.7%)
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+10.8% YoY
- Profitable — makes more than it spends$402M TTM
- Profit growing — earnings are higher than last year-1.8% YoY
- Generates cash — cash left after running and investing$483M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$5.84B market cap
- Not printing shares — share count not ballooning — you keep your slice-3.8% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 14.5
Peer comparisonEpam Systems, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| EPAM this company | $5.8B | 14.5 | +10.8% | 7.2% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: EPAM vs NVDA · EPAM vs AAPL · EPAM vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/EPAM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of EPAM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $113.24 · market cap $5.84B.