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

EPAM Systems, Inc. (EPAM) Return on invested capital

Alert me on Return on invested capital

EPAM Systems, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 14.0%, up 0.5 percentage points from fiscal 2025 (13.5%). Over the past ten years it has ranged from 13.5% (fiscal 2025) to 37.9% (fiscal 2020) — the current reading is the lowest in ten years. That is above the Information Technology Services industry median of 0.00% and above the Technology sector median of 0.00%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 13.5% (0.86)
FY2024 14.4% (8.01)
FY2023 22.4% (5.41)
FY2022 27.8% (3.62)
FY2021 31.4% (6.48)
FY2020 37.9% 10.23
FY2019 27.7% (2.06)
FY2018 29.7% 3.81
FY2017 25.9% 7.10
FY2016 18.8% 2.98

Against its own ten years

Low 13.5% High 37.9%
Ten-year median 25.9%
Current reading's percentile 9

Return on invested capital against peers

Company Return on invested capital
IT Gartner, Inc. compare 62.4%
EXLS ExlService Holdings, Inc. compare 19.8%
JKHY Jack Henry & Associates, Inc. compare 19.1%
EPAM EPAM Systems, Inc. 14.0%
G Genpact Limited compare 12.8%
SAIC Science Applications International Corporation compare 9.75%
INGM Ingram Micro Holding Corporation compare 9.13%
CACI CACI International, Inc. compare 6.50%
WSE WISE GROUP PLC compare 0.00%
Information Technology Services industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on EPAM