EPAM Systems

Information Technology IT Consulting & Other Services Newtown, Pennsylvania Last filing Feb 26, 2026 · FY2025

                    Revenue
                    FY2025
                
$5.5B
                    3y CAGR +4.2%
                    
                    P43
                    
                    +15.4%
                    
                    Net income
                    FY2025
                
$377.7M
                    Net margin +6.9%
                    
                    P20
                    
                    -16.9%
                    
                    Total assets
                    FY2025
                
$4.9B
                    ROA +7.7%
                    
                    P49
                    
                    +3.2%
                    
                    Operating cash flow
                    FY2025
                
$654.9M
                    FCF margin +11.2%
                    
                    P19
                    
                    +17.1%

16 yrs · FY2010–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 10 years

Total assets $4.9B

Total liabilities $1.2B

Shareholders equity $3.7B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+15.2%	+17.2%	+28.0%	+29.2%	+31.9%	+38.2%	+37.3%	+45.9%	+60.9%	—
Prepaid Expenses	+24.2%	+28.5%	+26.8%	+29.0%	+23.9%	+12.5%	+29.3%	+19.0%	+36.9%	—
Other Current Assets	+36.8%	+40.5%	+45.2%	+55.5%	+63.4%	+66.0%	+96.1%	+146.8%	+31.0%	—
Total Current Assets	+16.4%	+18.0%	+25.0%	+27.4%	+28.5%	+31.1%	+31.6%	+36.2%	+48.5%	—
Property,Plant and Equipment	+11.9%	+13.8%	+18.0%	+24.4%	+26.3%	+23.2%	+30.9%	+18.1%	+17.4%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+30.6%	+34.7%	+26.4%	+30.1%	+37.2%	+18.0%	+21.3%	+23.6%	+9.4%	—
Intangible Assets	+25.9%	+30.7%	+4.8%	+7.2%	+14.6%	+0.3%	+3.1%	+5.5%	-13.2%	—
Deferred Tax Assets	+28.4%	+31.1%	+30.3%	+33.2%	+35.9%	+31.4%	+34.2%	+50.2%	-19.5%	—
Other Noncurrent Assets	+28.9%	+27.8%	+22.9%	+22.6%	+32.2%	+39.9%	+40.9%	+7.3%	+5.0%	—
Total Assets	+20.3%	+22.7%	+24.7%	+27.7%	+30.6%	+30.9%	+34.3%	+31.9%	+35.0%	—
Liabilities
Accounts Payable	+37.2%	+39.0%	+38.9%	+45.8%	+50.5%	+33.4%	+34.6%	+52.2%	+73.5%	—
Accrued Liabilities	+29.2%	+30.6%	+32.5%	+42.2%	+53.1%	+49.5%	+55.9%	+80.3%	+35.6%	—
Operating Lease Liabilities	—	—	—	—	—	—	—	—	—	—
Other Current Liabilities	+19.6%	+19.1%	+14.0%	+20.7%	+23.3%	+12.4%	+18.2%	+0.4%	+80.0%	—
Total Current Liabilities	+26.7%	+27.7%	+27.7%	+36.4%	+45.7%	+41.5%	+49.3%	+50.4%	+55.7%	—
Long Term Debt	-0.0%	+0.1%	+0.6%	+1.7%	+3.8%	-0.0%	+0.0%	-0.0%	-0.1%	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—	—	—	—	—	—
Deferred Tax Liabilities	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Liabilities	+39.8%	+50.5%	+62.0%	+80.6%	+96.1%	+114.8%	+160.2%	+342.6%	+2112.9%	—
Total Liabilities	+26.8%	+29.2%	+29.5%	+38.2%	+48.1%	+50.4%	+64.9%	+55.5%	+90.7%	—
Equity
Common Stock	+0.9%	+1.7%	+2.1%	+2.5%	+2.7%	+2.9%	+3.2%	+3.9%	+6.0%	—
Additional Paid In Capital	+15.7%	+15.5%	+15.2%	+14.6%	+13.7%	+15.2%	+17.4%	+20.5%	+26.4%	—
Retained Earnings	+19.9%	+24.4%	+28.0%	+31.0%	+32.7%	+32.0%	+31.9%	+30.7%	+16.8%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+18.8%	+21.2%	+23.7%	+25.1%	+26.1%	+26.2%	+26.9%	+27.1%	+24.8%	—
Noncontrolling Interest	—	—	—	—	—	—	—	—	—	—
Total Liabilitiesand Equity	+20.3%	+22.7%	+24.7%	+27.7%	+30.6%	+30.9%	+34.3%	+31.9%	+35.0%	—

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue $5.5B

Operating income $520.0M

Net income $377.7M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	—	—	—	—	—	—	—	—	—	—
Expenses Cost of Revenue	—	—	—	—	—	—	—	—	—	—
Expenses Selling,General and Administrative	—	—	—	—	—	—	—	—	—	—
Expenses Depreciation and Amortization	—	—	—	—	—	—	—	—	—	—
Expenses Other Operating Expenses	—	—	—	—	—	—	—	—	—	—
Other Income Expense Operating Income	—	—	—	—	—	—	—	—	—	—
Other Income Expense Interest Income	—	—	—	—	—	—	—	—	—	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	—	—	—	—	—	—	—	—	—	—
Income Tax Income Tax Expense	—	—	—	—	—	—	—	—	—	—
net Income net Income	—	—	—	—	—	—	—	—	—	—
net Income Comprehensive Income	+20.4%	+18.5%	+25.5%	+25.5%	+36.2%	+36.2%	+41.0%	+49.6%	-4.0%	—
Earnings Per Share Basic Eps	+14.7%	+19.0%	+20.4%	+24.5%	+34.0%	+31.4%	+34.3%	+50.8%	-28.9%	—
Earnings Per Share Diluted Eps	+15.3%	+19.6%	+20.9%	+24.9%	+34.2%	+31.5%	+34.3%	+50.6%	-29.4%	—
Earnings Per Share Weighted Average Shares Diluted	+0.6%	+1.1%	+1.5%	+1.8%	+2.1%	+2.4%	+2.7%	+3.2%	+3.3%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 10 years

Operating cash flow $654.9M

Investing cash flow $-49.0M

Financing cash flow $-651.2M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	+16.0%	+20.9%	+22.8%	+27.1%	+37.1%	+34.7%	+38.0%	+55.6%	-26.7%	—
Operating Activities Depreciation and Amortization	+24.3%	+23.6%	+28.1%	+34.8%	+44.1%	+53.3%	+62.9%	+25.2%	+22.1%	—
Operating Activities Stock Based Compensation	+15.3%	+16.5%	+17.0%	+12.5%	+17.8%	+11.2%	+13.5%	+9.6%	+6.4%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	—	—	—	—	—
Operating Activities Other Non Cash Items	+5.8%	-17.0%	+19.8%	+46.5%	+15.0%	+3.9%	-6.3%	—	—	—
Operating Activities net Cash From Operating Activities	+16.4%	+16.3%	+18.9%	+18.5%	+27.9%	+34.3%	+19.8%	+32.2%	+15.3%	—
Investing Activities Capital Expenditures	—	—	—	—	—	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	-22.3%	+10.5%	-13.3%	—	+15.2%	+19.3%	—	-88.1%	—	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Debt	-13.0%	-62.4%	-36.6%	-33.3%	+9.2%	—	—	—	+25.0%	—
Financing Activities Repayment of Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+13.1%	+14.7%	+16.3%	+18.8%	+7.9%	+10.1%	+27.2%	+39.1%	+200.0%	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	+24.8%	+48.2%	+375.3%	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	-26.0%	—	+11.8%	+6.0%	-5.3%	+23.7%	+0.2%	+7.0%	+32.3%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+28.8%	+30.7%	+30.6%	+31.9%	+33.9%	+34.9%	+35.1%	+35.6%	—	—
Operating margin	+9.5%	+11.5%	+10.7%	+11.9%	+14.4%	+14.3%	+13.2%	+13.3%	—	—
Net margin	+6.9%	+9.6%	+8.9%	+8.7%	+12.8%	+12.3%	+11.4%	+13.0%	—	—
FCF margin	+11.2%	+11.1%	+11.4%	+7.9%	+12.3%	+17.9%	+8.2%	+13.8%	—	—
Growth
Revenue CAGR (3y)	+4.2%	+8.0%	+20.8%	+28.1%	+26.8%	—	—	—	—	—
Returns
ROE	+10.3%	+12.5%	+12.0%	+14.0%	+19.4%	+16.5%	+16.4%	+19.0%	—	—
ROA	+7.7%	+9.6%	+9.6%	+10.5%	+13.7%	+12.0%	+11.6%	+14.9%	—	—
ROIC	+16.1%	+17.9%	+26.7%	+35.1%	+45.1%	+47.8%	+38.6%	+45.7%	—	—
Liquidity
Current ratio	2.59x	2.96x	4.79x	3.69x	2.97x	4.11x	3.81x	4.56x	5.31x	5.56x
Quick ratio	—	—	—	—	—	—	—	—	4.69x	4.84x
Leverage
D/E	0.33x	0.31x	0.25x	0.34x	0.41x	0.37x	0.41x	0.28x	0.28x	0.18x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	1.11x	1.00x	1.08x	1.20x	1.07x	0.98x	1.02x	1.14x	—	—
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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EPAM Systems

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