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

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159.06 6.64 −4.01%

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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
ROE Full definition →	+8 more TTM periods Free account	10.33%	10.93%	11.18%	11.61%
Piotroski F-Score Full definition →		6	5	6	8
ROA Full definition →		7.83%	8.20%	8.65%	8.93%
ROIC Full definition →		13.50%	13.12%	12.78%	13.99%
Return on Tangible Assets Full definition →		21.47%	23.07%	24.85%	25.12%
Average Days of Receivables Full definition →		74.12	77.18	82.40	78.41
Free Cash Flow per Share Full definition →		10.96	10.11	9.25	9.15
Free Cash Flow Full definition →		612.69	543.64	482.64	470.41
Capital Expenditures Full definition →		(42.24)	(50.77)	(56.15)	(62.53)
Other line items
Cash ROIC Full definition →		12.26%	11.73%	11.14%	10.26%
Accounts Receivable Turnover Full definition →		5.17	4.91	4.63	4.82
Accounts Payable Turnover Full definition →		77.65	93.26	91.32	99.27
Inventory Turnover Full definition →		0.00	0.00	0.00	0.00
Average Days of Payables Full definition →		5.20	3.71	3.83	3.39
Days of Inventory on Hand Full definition →		0.00	0.00	0.00	0.00
Tax Rate Full definition →		(0.25)	(0.27)	(0.27)	(0.27)
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 →		17.02%	17.09%	17.15%	17.09%
Share Based Compensation of Revenue Full definition →		3.24%	3.21%	3.31%	3.26%
Operating CF/Net income Full definition →		1.73	1.54	1.34	1.25
Depreciation/Fixed assets Full definition →		0.62	0.62	0.61	0.63
Capex/Depreciation Full definition →		(0.34)	(0.41)	(0.45)	(0.49)
Revenue per Share Full definition →		97.63	103.27	107.61	109.84
Operating CF per Share Full definition →		11.72	11.05	10.32	10.36
Capex per Share Full definition →		(0.76)	(0.94)	(1.08)	(1.22)
Capex to Sales Full definition →		0.01	0.01	0.01	0.01

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Columns are period end dates · fundamentals updated 6 Nov 2026

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