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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

159.06 6.64 −4.01%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

EPAM Systems, Inc. (EPAM) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, EPAM Systems, Inc. (EPAM) trades at a EV/EBITDA of 10.0×. Over the past ten years it has ranged from 4.9× (June 2026) to 69.7× (November 2021); the current reading is higher than 6% of that period. That is in line with the Information Technology Services industry median of 9.9× and below the Technology sector median of 14.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 15.8× (17.49%)
FY2024 19.1× (23.17%)
FY2023 24.9× (4.08%)
FY2022 26.0× (55.31%)
FY2021 58.1× 38.05%
FY2020 42.1× 36.99%
FY2019 30.7× 58.48%
FY2018 19.4× (23.21%)
FY2017 25.2× 38.39%
FY2016 18.2× (38.10%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 6.4× 31.02%
Jun 2026 4.9× (49.35%)
Mar 2026 9.7× (38.69%)
Dec 2025 15.8× 38.38%
43 more quarters

Against its own ten years

Low 4.9× High 69.7×
Ten-year median 25.2×
Current reading's percentile 6

EV/EBITDA against peers

Company EV/EBITDA
WSE WISE GROUP PLC compare n/m
INGM Ingram Micro Holding Corporation compare 6.9×
G Genpact Limited compare 8.9×
IT Gartner, Inc. compare 9.0×
EPAM EPAM Systems, Inc. 10.0×
SAIC Science Applications International Corporation compare 11.4×
CACI CACI International, Inc. compare 14.6×
JKHY Jack Henry & Associates, Inc. compare 14.9×
EXLS ExlService Holdings, Inc. compare 15.4×
Information Technology Services industry median 9.9×
Technology sector median 14.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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