Friday 6 November 2026 Export EPAM’s income statement to Excel — free account

EPAM Systems, Inc.

EPAM Technology Information Technology Services

EPAM Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 15.4% from fiscal 2024.

Revenue: +2.30%
EPS: +32.0%
Free cash flow: −4.27%
Total debt: −0.14%

Quarter to September 2026, against a year earlier

Insider buying

159.06 6.64 −4.01%

Follow EPAM

Alert me

Market cap: $8.6B
P/E: 19.8×
Fwd P/E: 16.8×
Dividend yield: —
F-score: 6/9
Altman Z: 8.10
Beneish M: −2.69
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	30.31	19.34	10.71	13.50
P/S ratio Full definition →		2.10	1.31	0.74	0.99
P/FCF ratio Full definition →		18.69	13.40	8.58	11.85
P/Operating CF Full definition →		40.48	(200.32)	(1,708.68)	(2,298.98)
P/B ratio Full definition →		3.11	2.12	1.18	1.55
Price to Tangible BV Full definition →		5.56	3.96	2.13	2.73
EV/Sales Full definition →		1.87	1.15	0.60	0.82
EV/EBITDA Full definition →		15.79	9.68	4.90	6.42
EV/Operating CF Full definition →		15.54	10.79	6.27	8.69
EV/FCF Full definition →		16.62	11.79	7.00	9.85
Quick Ratio Full definition →		2.46	2.50	2.56	2.58
Current Ratio Full definition →		2.59	2.67	2.75	2.76
Net Debt/EBITDA Full definition →		(7.06)	(5.88)	(4.15)	0.00
Debt/Assets Full definition →		0.51%	3.51%	0.55%	0.53%
Debt/Equity Full definition →		0.01	0.05	0.01	0.01
Asset Turnover Full definition →		1.13	1.18	1.21	1.19
Operating CF/Net income Full definition →		2.59	(0.44)	(0.02)	0.00
Capex/Depreciation Full definition →		(0.48)	(0.57)	(0.47)	(0.45)
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		17.28%	17.12%	17.33%	16.64%
Intangible Assets out of Total Assets Full definition →		0.33	0.34	0.34	0.33
Share Based Compensation of Revenue Full definition →		3.21%	3.57%	3.28%	0.00%
Graham Net Nets Full definition →		0.11	0.15	0.28	0.22
Graham Number Full definition →		100.04	100.24	106.02	112.34
Earnings Yield Full definition →		3.30%	5.17%	9.34%	7.40%
Free Cash Flow Yield Full definition →		5.35%	7.46%	11.65%	8.44%
Revenue per Share Full definition →		25.18	26.03	27.10	27.74
Operating CF per Share Full definition →		5.06	(0.68)	(0.05)	0.00
Capex per Share Full definition →		(0.26)	(0.33)	(0.29)	0.00
Free Cash Flow per Share Full definition →		4.80	(1.01)	(0.34)	0.00
Cash per Share Full definition →		23.19	19.28	15.12	18.77
Shareholders Equity per Share Full definition →		65.80	63.79	67.42	69.90
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		65.80	63.79	67.42	69.90
Free Cash Flow Full definition →		268.11	(54.22)	(17.64)	274.16
Working Capital Full definition →		1,556.95	1,473.10	1,411.55	1,489.21
Capital Expenditures Full definition →		(14.78)	(17.86)	(15.21)	(14.68)
Net Current Asset Value Full definition →		1,309.56	1,085.69	1,161.20	1,245.40
EV/EBIT Full definition →		19.58	11.93	6.00	7.80
Capex to Sales Full definition →		0.01	0.01	0.01	0.00
Price to Operating Income Full definition →		22.02	13.55	7.35	9.38
Other line items
Average Receivables Full definition →		1,055.19	1,132.37	1,213.50	1,171.96
Average Payables Full definition →		50.02	42.28	43.41	39.91
Average Assets Full definition →		4,826.30	4,713.53	4,642.39	4,762.96
Average Common Equity Full definition →		3,654.48	3,537.46	3,593.83	3,660.81

Show all line items

Columns are period end dates · fundamentals updated 6 Nov 2026

Stockrow Weekly