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EPAM Systems, Inc. EPAM SPXAI

Technology · Information Technology Services · United States
https://www.epam.com
Company Profile ↓
$84.50
-49.73% 1Y
Mkt Cap$4.41B
P/E12.14
P/B1.47
52W High$221.40
52W Low$76.04
Book Value$65.04
EPS (TTM)$6.96

Company Overview

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; cloud services for creating a roadmap to set and refine IT and business goals while identifying new and emerging opportunities leveraging cloud technologies; data, analytics and artificial intelligence; customer experience; marketing; and cybersecurity. It also offers operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers software product and platform development services, which comprise product research, customer experience design and prototyping, program management, component design and integration, full lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, managed services, as well as cross-platform migration and modernizing legacy platforms. The company serves the financial services; consumer goods, retail and travel; software and Hi-tech; business information and media, life sciences and healthcare; and emerging verticals industries EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania.

Why Investors Should Care

Reasonable Valuation

Trades at a P/E of 12.1, below the sector median of 36.0.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.08.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $5.46B (+15.4% YoY); net profit $377.68M.
  • Trailing 12 Months Year-on-year growth — revenue +7.6%, earnings +18.8%.
  • 5-Year Trend Long-term compounding — revenue CAGR 4.2%, profit CAGR -3.4%.

Growth & Price Performance

Compounded Sales Growth

5 Years:4.19%
1 Year:7.60%

Compounded Profit Growth

5 Years:-3.43%
1 Year:18.80%

Stock Price Performance

1 Year:-49.73%
6 Months:-60.13%
3 Months:-32.39%
1 Month:-8.90%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

AI Exposure AI IT Services / AI Engineering

EPAM is a digital-engineering and software-development firm helping enterprises build AI and GenAI solutions and modernise data platforms.

Core Focus

Platform engineering, data modernisation and AI/GenAI delivery — readying clients' data and software for AI.

Key Initiatives
  • AI/GenAI engineering EPAM builds GenAI applications and AI-ready data platforms, with internal accelerators (EPAM AI/RUN).
  • AI-augmented delivery GenAI copilots improve EPAM's own engineering productivity and quality.
  • Data modernisation Cloud and data-platform work prepares enterprise data for AI use cases.
Why Investors Should Care
  • Premium engineering brand well placed to deliver enterprise AI work.
  • Profitable (net ~7%) with strong technical talent.
  • Growth slowed (~8%) and the model is exposed to AI-driven automation of coding.
  • Talent costs, geographic concentration and demand cyclicality are risks.
AI InvestmentEPAM invests in GenAI accelerators, training and data-modernisation capability.
AI RevenueAI-specific revenue is not separately disclosed; GenAI is increasingly embedded across engagements.
ROI (Now)AI-led delivery and data work are contributing to demand and productivity today.
ROI (Expected)Scaling GenAI engineering is the path to reaccelerating growth as IT budgets recover.

Curated from public filings and analyst commentary; figures are illustrative.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Generates positive free cash flow.

CONS

  • Earnings shrank at -3.4% CAGR over 5 years.
  • Trading 61.8% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
12.14
Industry PE
36.02
Forward P/E
5.99
PEG Ratio
0.49
Book Value
$65.04
Price to Book
1.47
P/S
0.90
EV/EBITDA
5.79
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
4.19%
Profit 5Y
-3.43%
Revenue (YoY)
7.60%
Earnings (YoY)
18.80%

Profitability & Returns

ROCE
13.25%
ROE
10.93%
ROA
8.05%
Profit Margin
6.96%
Op Margin
9.51%
Gross Margin
29.05%
EPS (Latest Qtr)
$1.52
EPS (TTM)
$6.96

Balance Sheet & Liquidity

Debt/Equity
0.08
Quick Ratio
2.52
Current Ratio
2.67
Debt
$287.94M
Total Assets
$4.70B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
3.24%
Chg in Prom Hold
-
FII / Inst Holding
118.95%
Chg in FII Hold
0.14%

Financial Snapshot

Enterprise Value
$4.41B
Total Revenue (TTM)
$5.56B
EBITDA
$731.45M
Free Cash Flow
$692.90M
Operating Cash Flow
$594.41M
Shares Outstanding
52.24M
Gross Margin
29.05%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 EPAM EPAM Systems, Inc. SPXAI 84.50 12.14 $4.41B 0.00% 13.25% 10.93% 4.19% -3.43%
2 NVDA NVIDIA Corporation NDXSPXAI 211.80 32.43 $5.13T 0.49% 74.66% 114.29% 24.64% 32.12%
3 AAPL Apple Inc. NDXSPX 314.86 38.07 $4.62T 0.37% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 384.93 22.91 $2.86T 0.93% 26.90% 34.01% 9.48% 10.85%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 420.39 36.18 $2.18T 0.90% 30.20% 36.21% 18.94% 19.57%
6 AVGO Broadcom Inc. NDXSPXAI 389.11 64.85 $1.85T 0.68% 16.70% 37.28% 24.38% 26.24%
7 MU Micron Technology, Inc. NDXSPXAI 983.12 46.37 $1.11T 0.06% 13.69% 39.82% 13.68% 26.02%
8 AMD Advanced Micro Devices, Inc. NDXSPXAI 548.13 181.50 $893.78B 0.00% 6.33% 8.06% 13.64% 48.64%
9 ASML ASML Holding N.V. NDXAI 1,775.64 59.55 $684.36B 0.47% 42.97% 52.24% 15.55% 19.55%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Mar 2026
Revenue --------324.65M348.98M377.52M399.30M424.15M445.65M468.19M504.93M521.33M551.59M588.10M632.77M651.36M632.38M652.24M723.49M780.77M881.37M988.54M1.17B1.19B1.23B1.21B1.17B1.15B1.17B1.15B1.17B1.30B1.35B1.39B1.40B
Operating Income 22.82M23.61M27.78M31.77M30.33M32.08M33.90M37.38M30.97M40.68M49.25M52.05M48.70M54.24M64.56M78.27M64.66M72.88M80.56M84.75M87.51M83.43M96.40M111.99M107.25M125.27M144.12M129.24M93.02M180.23M120.37M144.35M114.03M110.53M120.56M176.98M99.33M126.48M144.94M116.77M
Net Income 14.71M19.23M22.87M27.64M23.90M24.43M26.17M24.76M23.64M37.36M42.63M-30.87M64.42M50.26M65.62M59.97M60.75M58.78M67.00M74.52M85.56M66.62M89.43M85.54M109.05M114.67M115.66M89.72M18.60M156.05M102.29M120.03M97.20M116.24M98.64M136.35M73.48M88.03M106.82M82.52M
Diluted EPS 0.290.370.440.520.450.460.490.460.440.680.77-0.581.150.891.151.051.061.021.161.291.471.141.531.461.861.941.951.520.322.631.732.031.651.971.702.371.281.561.911.52

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 221.82M334.53M433.80M555.12M730.03M914.13M1.16B1.45B1.84B2.29B2.66B-4.82B4.69B4.73B5.46B
Cost of Revenue ------------3.29B3.26B3.28B3.88B
Gross Profit ------------1.54B1.43B1.45B1.57B
Operating Expenses ------------965.05M906.87M905.86M1.05B
Operating Income 32.79M55.01M66.01M76.49M86.18M105.97M133.70M172.95M245.76M302.85M379.32M-572.97M527.16M544.58M520.00M
EBITDA ------------713.01M659.86M671.69M686.08M
Interest Expense -----------1.73M----
Pretax Income ------------507.26M536.59M584.41M505.62M
Tax Provision ------------87.84M119.50M129.88M127.95M
Net Income 28.31M44.35M54.48M61.99M69.64M84.46M99.27M72.76M240.26M261.06M327.16M-419.42M417.08M454.53M377.68M
Diluted EPS --1.171.281.401.621.871.324.244.535.60-7.097.067.846.72

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --235.61M350.81M432.88M594.03M778.54M925.81M1.25B1.61B2.24B2.72B3.52B4.01B4.35B4.75B4.90B
Total Equity 16.53M66.25M95.06M286.28M376.10M464.05M613.22M781.41M974.95M1.26B1.60B1.98B2.49B3.00B3.47B3.63B3.68B
Cash & Equivalents 52.93M54.00M88.80M118.11M169.21M220.53M199.45M362.02M582.59M770.56M936.55M1.32B1.45B1.68B2.04B1.29B1.30B
Long Term Debt -----035.00M----25.04M30.23M27.69M26.13M25.19M25.03M
Total Liabilities --54.61M64.53M56.78M129.98M165.31M144.40M275.31M349.21M648.06M738.31M1.03B1.01B880.89M1.12B1.22B
Current Liabilities --53.13M59.35M54.66M125.41M127.91M116.22M180.97M262.83M386.95M465.95M763.42M747.48M644.93M821.04M976.94M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 20.47M54.52M48.50M58.23M104.87M76.39M167.22M192.82M292.22M287.45M544.41M572.33M464.10M562.63M559.17M654.93M
Investing Cash Flow -10.83M-17.41M-59.63M-21.82M-52.93M-125.49M-9.32M-36.15M-112.12M-145.37M-167.15M-368.92M-182.93M-66.77M-884.98M-49.05M
Financing Cash Flow -8.04M-1.56M38.85M15.50M10.35M33.76M10.47M49.75M23.00M20.36M-765.00K-59.56M-2.02M-165.77M-390.41M-651.20M
Capital Expenditure -8.37M-15.55M-13.38M-13.36M-11.92M-13.27M-29.32M-29.81M-37.57M-99.31M-68.79M-111.50M-81.63M-28.41M-32.15M-42.24M
Free Cash Flow 12.11M38.97M35.12M44.87M92.96M63.12M137.90M163.01M254.64M188.15M475.61M460.83M382.48M534.22M527.02M612.69M
Share Buybacks -----------00164.92M398.03M662.16M

Ratios (Annual)

Figures in %.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ------------31.9%30.6%30.7%28.8%
Operating Margin % 14.8%16.4%15.2%13.8%11.8%11.6%11.5%11.9%13.3%13.2%14.3%-11.9%11.2%11.5%9.5%
Net Margin % 12.8%13.3%12.6%11.2%9.5%9.2%8.6%5.0%13.0%11.4%12.3%-8.7%8.9%9.6%6.9%
ROE % 42.7%46.7%19.0%16.5%15.0%13.8%12.7%7.5%19.0%16.4%16.5%-14.0%12.0%12.5%10.3%
ROCE % -30.1%22.6%20.2%18.4%16.3%16.5%16.2%18.2%16.3%16.8%-17.6%14.2%13.9%13.2%

Shareholding Pattern

Insiders
3.24%
Institutions
118.95%
Public Float
122.93%

Top Institutional Holders

#Holder% HeldSharesValue
1 Capital World Investors 13.09% 6.84M $604.67M
2 Invesco Ltd. 8.38% 4.38M $387.10M
3 Blackrock Inc. 7.83% 4.09M $361.43M
4 Ameriprise Financial, Inc. 7.24% 3.78M $334.44M
5 Vanguard Capital Management LLC 6.63% 3.46M $306.21M
6 Vanguard Portfolio Management LLC 5.66% 2.96M $261.46M
7 State Street Corporation 4.27% 2.23M $197.41M
8 Boston Partners 4.04% 2.11M $186.63M
9 Geode Capital Management, LLC 3.09% 1.62M $142.84M
10 Massachusetts Financial Services Co. 2.85% 1.49M $131.50M

Analyst View

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Latest News

Recent headlines for EPAM

Google News Fri, 10 Jul 2026

EPAM (EPAM) Stock Trades Down, Here Is Why - StockStory

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Google News ue, 30 Jun 2026

EPAM (EPAM) Stock Looks Cheap Even After A 85% Fall - Yahoo Finance

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Google News ue, 14 Jul 2026

EPAM Systems (NYSE:EPAM) Shares Gap Down - What's Next? - MarketBeat

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Google News Fri, 10 Jul 2026

EPAM (EPAM) Stock Trades Down, Here Is Why - Barchart.com

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Google News Sun, 12 Jul 2026

EPAM Systems (EPAM) Could Be 26% Undervalued After Deutsche Bank Cut Its Target - simplywall.st

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Google News Mon, 13 Jul 2026

EPAM Systems (EPAM) News Flow - Moomoo

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EPAM — Frequently Asked Questions

What is the current share price of EPAM Systems, Inc. (EPAM)?

As of 2026-07-14 21:23 PDT, EPAM Systems, Inc. (EPAM) trades at $84.50 on NYSE. Its 52-week range is $76.04 to $221.40.

What is the market capitalisation of EPAM?

EPAM Systems, Inc. (EPAM) has a market capitalisation of $4.41B on NYSE.

What is the P/E ratio of EPAM?

EPAM trades at a trailing price-to-earnings (P/E) ratio of 12.14. The industry average P/E is 36.02. Its price-to-book (P/B) ratio is 1.47.

What is the return on equity (ROE) of EPAM?

EPAM has a return on equity (ROE) of 10.93%. Its return on capital employed (ROCE) is 13.25%.

Is EPAM a good stock to buy?

This page provides a data-driven analysis of EPAM Systems, Inc. (EPAM), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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