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

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EPAM Systems, Inc. (EPAM) Price to free cash flow

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As of 6 November 2026, EPAM Systems, Inc. (EPAM) trades at a price to free cash flow of 17.4×. Over the past ten years it has ranged from 7.5× (June 2026) to 109× (November 2021); the current reading is higher than 7% of that period. That is above the Information Technology Services industry median of 13.8× and below the Technology sector median of 19.5×.

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<iframe src="https://stockrow.com/embed/EPAM/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="EPAM Systems, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/EPAM/metrics/price-to-free-cash-flow">EPAM Systems, Inc. (EPAM) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	18.7×	(26.46%)
FY2024	25.4×	(19.38%)
FY2023	31.5×	(36.50%)
FY2022	49.6×	(39.44%)
FY2021	82.0×	95.23%
FY2020	42.0×	(31.95%)
FY2019	61.7×	152.58%
FY2018	24.4×	(29.46%)
FY2017	34.6×	49.11%
FY2016	23.2×	(61.73%)

Period	Price to free cash flow	Change
Sep 2026	11.8×	38.04%
Jun 2026	8.6×	(35.95%)
Mar 2026	13.4×	(28.32%)
Dec 2025	18.7×	2.43%
43 more quarters	Free account

Against its own ten years

Low 7.5× High 109×

Ten-year median 36.4×

Current reading's percentile 7

Company	Price to free cash flow
IT Gartner, Inc. compare	9.4×
SAIC Science Applications International Corporation compare	10.0×
CACI CACI International, Inc. compare	17.3×
EPAM EPAM Systems, Inc.	17.4×
G Genpact Limited compare	21.5×
JKHY Jack Henry & Associates, Inc. compare	22.5×
EXLS ExlService Holdings, Inc. compare	24.1×
INGM Ingram Micro Holding Corporation compare	38.0×
WSE WISE GROUP PLC compare	—
Information Technology Services industry median	13.8×
Technology sector median	19.5×
Market median	14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

EPAM Systems, Inc. (EPAM) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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