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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/FCF

Alert me on EV/FCF

As of 6 November 2026, EPAM Systems, Inc. (EPAM) trades at a EV/FCF of 15.4×. Over the past ten years it has ranged from 5.9× (June 2026) to 105× (November 2021); the current reading is higher than 8% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 16.6× (27.83%)
FY2024 23.0× (16.73%)
FY2023 27.6× (38.78%)
FY2022 45.2× (42.76%)
FY2021 78.9× 101.61%
FY2020 39.1× (31.17%)
FY2019 56.9× 164.44%
FY2018 21.5× (31.11%)
FY2017 31.2× 50.18%
FY2016 20.8× (63.92%)

Quarterly newest first

Period EV/FCF Change
Sep 2026 9.8× 40.73%
Jun 2026 7.0× (40.66%)
Mar 2026 11.8× (29.02%)
Dec 2025 16.6× 6.49%
43 more quarters

Against its own ten years

Low 5.9× High 105×
Ten-year median 33.5×
Current reading's percentile 8

EV/FCF against peers

Company EV/FCF
WSE WISE GROUP PLC compare 0.0×
IT Gartner, Inc. compare 10.4×
SAIC Science Applications International Corporation compare 13.8×
EPAM EPAM Systems, Inc. 15.4×
JKHY Jack Henry & Associates, Inc. compare 22.8×
CACI CACI International, Inc. compare 23.2×
G Genpact Limited compare 23.5×
EXLS ExlService Holdings, Inc. compare 24.8×
INGM Ingram Micro Holding Corporation compare 56.7×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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