$EPAM Market Cap: $13.72 Billion
Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue
$3.480B
TTM
Gross Margin
30.75%
TTM
Net Earnings
$351.2M
TTM
Current Assets
$2.426B
Q4 2024
Current Liabilities
$821.0M
Q4 2024
Current Ratio
295.51%
Q4 2024
Total Assets
$4.750B
Q4 2024
Total Liabilities
$1.119B
Q4 2024
Book Value
$3.631B
Q4 2024
Cash
$1.286B
Q4 2024
P/E
39.07
Nov 29, 2024 EST
Free Cash Flow
$412.5M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $4.728B $4.691B $4.825B $3.758B $2.659B $2.294B $1.843B $1.450B $1.160B $914.1M $730.0M $555.1M $433.8M $334.5M $221.8M
YoY Change 0.8% -2.78% 28.38% 41.31% 15.94% 24.47% 27.06% 25.02% 26.91% 25.22% 31.51% 27.97% 29.67% 50.81%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $4.728B $4.691B $4.825B $3.758B $2.659B $2.294B $1.843B $1.450B $1.160B $914.1M $730.0M $555.1M $433.8M $334.5M $221.8M
Cost Of Revenue $3.277B $3.257B $3.287B $2.484B $1.733B $1.488B $1.187B $921.4M $737.2M $566.9M $456.5M $347.7M $270.4M $205.3M $132.5M
Gross Profit $1.450B $1.434B $1.538B $1.274B $927.0M $805.6M $656.0M $529.1M $422.9M $347.2M $273.5M $207.5M $163.4M $129.2M $89.30M
Gross Profit Margin 30.68% 30.57% 31.88% 33.91% 34.85% 35.12% 35.6% 36.48% 36.46% 37.98% 37.46% 37.37% 37.68% 38.62% 40.26%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $816.3M $815.1M $872.8M $648.7M $484.8M $457.4M $373.6M $327.6M $265.9M $222.8M $163.7M $116.5M $85.87M $64.93M $47.64M
YoY Change 0.15% -6.61% 34.54% 33.83% 5.97% 22.44% 14.04% 23.22% 19.35% 36.11% 40.49% 35.67% 32.25% 36.31%
% of Gross Profit 56.28% 56.84% 56.75% 50.9% 52.3% 56.78% 56.95% 61.91% 62.86% 64.16% 59.84% 56.15% 52.54% 50.26% 53.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.40M $68.20M $69.00M $65.50M $50.50M $45.32M $36.64M $28.56M $23.39M $17.40M $17.48M $15.12M $10.88M $6.759M $5.243M
YoY Change -12.9% -1.16% 5.34% 29.7% 11.44% 23.68% 28.28% 22.13% 34.45% -0.5% 15.63% 38.95% 61.0% 28.91%
% of Gross Profit 4.1% 4.76% 4.49% 5.14% 5.45% 5.63% 5.59% 5.4% 5.53% 5.01% 6.39% 7.29% 6.66% 5.23% 5.87%
Operating Expenses $816.3M $815.1M $872.8M $648.7M $484.8M $457.4M $373.6M $327.6M $265.9M $222.8M $163.7M $116.5M $85.87M $64.93M $47.64M
YoY Change 0.15% -6.61% 34.54% 33.83% 5.97% 22.44% 14.04% 23.22% 19.35% 36.11% 40.49% 35.67% 32.25% 36.31%
Operating Profit $544.6M $501.2M $573.0M $542.3M $379.3M $302.9M $245.8M $172.9M $133.7M $106.0M $86.18M $76.49M $66.01M $55.01M $32.79M
YoY Change 8.65% -12.52% 5.65% 42.97% 25.25% 23.23% 42.1% 29.36% 26.17% 22.96% 12.67% 15.89% 19.99% 67.76%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense $35.35M -$65.71M -$8.924M -$800.0K -$3.300M $4.000M $1.400M -$7.200M $100.0K $2.700M $300.0K -$100.0K -$2.200M
YoY Change -153.79% 636.31% 1015.5% -75.76% -182.5% 185.71% -119.44% -7300.0% -96.3% 800.0% -400.0% -95.45%
% of Operating Profit 7.05% -11.47% -1.65% -0.21% -1.09% 1.63% 0.81% -5.39% 0.09% 3.13% 0.39% -0.15% -4.0%
Other Income/Expense, Net $0.00 $0.00 -$1.900M
YoY Change -100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income $584.4M $536.6M $507.3M $533.4M $378.5M $299.5M $44.53M -$6.595M -$9.300M -$7.687M -$7.229M $7.001M $9.291M $2.872M $809.0K
YoY Change 8.91% 5.78% -4.9% 40.93% 26.36% 572.68% -775.16% -29.09% 20.98% 6.34% -203.26% -24.65% 223.5% 255.01%
Income Tax $129.9M $119.5M $87.84M $51.74M $51.32M $38.47M $9.517M $101.5M $27.20M $21.61M $17.31M $14.78M $11.38M $8.439M $2.787M
% Of Pretax Income 22.22% 22.27% 17.32% 9.7% 13.56% 12.84% 21.37% 211.06% 122.47% 293.84% 344.5%
Net Earnings $454.5M $417.1M $419.4M $481.7M $327.2M $261.1M $240.3M $72.76M $99.27M $84.46M $69.64M $61.99M $54.48M $44.35M $28.31M
YoY Change 8.98% -0.56% -12.92% 47.22% 25.32% 8.66% 230.2% -26.7% 17.54% 21.27% 12.34% 13.78% 22.84% 56.68%
Net Earnings / Revenue 9.61% 8.89% 8.69% 12.82% 12.3% 11.38% 13.04% 5.02% 8.56% 9.24% 9.54% 11.17% 12.56% 13.26% 12.76%
Basic Earnings Per Share $7.93 $7.21 $7.32 $8.52 $5.87 $4.77 $4.48 $1.40 $1.97 $1.73 $1.48 $1.35 $1.27
Diluted Earnings Per Share $7.84 $7.06 $7.09 $8.15 $5.60 $4.53 $4.24 $1.32 $1.87 $1.62 $1.40 $1.28 $1.17 $1.091M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $2.097B $1.742B $1.447B $1.382B $936.6M $770.6M $582.6M $363.8M $229.6M $221.0M $171.4M $120.0M $88.80M $54.00M
YoY Change 20.4% 20.4% 4.66% 47.58% 21.54% 32.27% 60.14% 58.45% 3.89% 28.94% 42.83% 35.14% 64.44%
Cash & Equivalents $2.036B $1.681B $1.447B $1.322B $936.6M $770.6M $582.6M $362.0M $199.4M $220.5M $169.2M $118.1M $88.80M $54.00M
Short-Term Investments $60.74M $60.34M $0.00 $60.00M $1.700M $30.20M $500.0K $2.200M $1.800M
Other Short-Term Assets $97.36M $85.32M $53.93M $29.60M $39.90M $26.20M $11.00M $10.80M $18.20M $7.300M $11.50M $13.60M $9.300M $6.300M
YoY Change 14.11% 58.21% 82.19% -25.81% 52.29% 138.18% 1.85% -40.66% 149.32% -36.52% -15.44% 46.24% 47.62%
Inventory
Prepaid Expenses
Receivables $897.0M $932.6M $768.9M $501.1M $497.7M $402.3M $352.1M $263.3M $270.4M $180.3M $138.5M $112.3M $83.90M $65.40M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14.30M $8.800M $10.70M $6.500M $9.500M $5.100M $1.500M $2.500M
Total Short-Term Assets $3.091B $2.760B $2.269B $1.913B $1.474B $1.199B $960.0M $646.6M $528.9M $415.1M $331.0M $251.0M $183.6M $128.2M
YoY Change 12.02% 21.6% 18.65% 29.75% 22.94% 24.91% 48.47% 22.25% 27.42% 25.41% 31.87% 36.71% 43.21%
Property, Plant & Equipment $370.0M $422.1M $421.1M $398.2M $404.3M $102.6M $86.40M $73.60M $60.50M $55.10M $53.30M $53.10M $35.50M $25.30M
YoY Change -12.36% 0.25% 5.74% -1.51% 294.05% 18.75% 17.39% 21.65% 9.8% 3.38% 0.38% 49.58% 40.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $400.0K $500.0K
YoY Change -20.0%
Other Assets $257.5M $220.7M $200.8M $146.4M $114.4M $86.20M $37.70M $41.80M $22.70M $14.60M $8.200M $7.200M $6.800M $4.700M
YoY Change 16.68% 9.88% 37.18% 27.97% 32.71% 128.65% -9.81% 84.14% 55.48% 78.05% 13.89% 5.88% 44.68%
Total Long-Term Assets $1.261B $1.250B $1.254B $808.5M $770.0M $412.7M $290.3M $279.2M $249.6M $178.9M $101.9M $99.80M $52.00M $42.70M
YoY Change 0.92% -0.34% 55.07% 5.0% 86.58% 42.16% 3.98% 11.86% 39.52% 75.56% 2.1% 91.92% 21.78%
Total Assets $4.352B $4.009B $3.523B $2.721B $2.244B $1.612B $1.250B $925.8M $778.5M $594.0M $432.9M $350.8M $235.6M $170.9M
YoY Change
Accounts Payable $31.99M $30.85M $24.85M $10.20M $7.800M $7.400M $5.600M $3.200M $2.600M $4.600M $2.800M $6.100M $2.700M $2.000M
YoY Change 3.7% 24.17% 143.6% 30.77% 5.41% 32.14% 75.0% 23.08% -43.48% 64.29% -54.1% 125.93% 35.0%
Accrued Expenses $574.1M $613.7M $645.9M $399.3M $341.5M $125.3M $91.30M $52.50M $60.40M $32.20M $20.20M $19.80M $24.80M $15.00M
YoY Change -6.44% -4.99% 61.76% 16.93% 172.55% 37.24% 73.9% -13.08% 87.58% 59.41% 2.02% -20.16% 65.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $2.861M $16.02M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -82.14%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $644.9M $747.5M $763.4M $466.0M $386.9M $262.8M $181.0M $116.2M $127.9M $125.4M $54.70M $59.40M $53.10M $35.70M
YoY Change -13.72% -2.09% 63.82% 20.44% 47.22% 45.19% 55.77% -9.15% 1.99% 129.25% -7.91% 11.86% 48.74%
Long-Term Debt $26.13M $27.69M $30.23M $25.00M $25.10M $25.00M $25.00M $25.00M $35.00M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -5.66% -8.4% 20.94% -0.4% 0.4% 0.0% 0.0% -28.57%
Other Long-Term Liabilities $209.8M $231.0M $233.7M $247.3M $236.0M $61.30M $69.30M $3.100M $0.00 $1.800M $2.500M $1.200M $0.00
YoY Change -9.15% -1.19% -5.48% 4.79% 284.99% -11.54% 2135.48% -100.0% -28.0% 108.33%
Total Long-Term Liabilities $236.0M $258.7M $264.0M $272.3M $261.1M $86.30M $94.30M $28.10M $35.00M $0.00 $1.800M $2.500M $1.200M $0.00
YoY Change -8.77% -2.01% -3.06% 4.29% 202.55% -8.48% 235.59% -19.71% -100.0% -28.0% 108.33%
Total Liabilities $881.5M $1.008B $1.036B $738.3M $648.1M $349.2M $275.3M $144.4M $165.3M $130.0M $56.80M $64.50M $54.60M $35.90M
YoY Change -12.52% -2.75% 40.34% 13.92% 85.6% 26.84% 90.65% -12.64% 27.15% 128.87% -11.94% 18.13% 52.09%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Basic Shares Outstanding 57.29M shares 57.83M shares 57.29M shares 56.51M shares 55.73M shares 54.72M shares 53.62M shares 52.08M shares 50.31M shares 48.72M shares 47.19M shares 45.75M shares 40.19M shares
Diluted Shares Outstanding 57.98M shares 59.09M shares 59.17M shares 59.06M shares 58.45M shares 57.67M shares 56.67M shares 54.98M shares 53.22M shares 51.99M shares 49.73M shares 48.36M shares 43.82M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $13.721 Billion

About EPAM Systems, Inc.

EPAM Systems, Inc. engages in the provision of digital engineering, cloud, and artificial intelligence-enabled transformation services. The company is headquartered in Newtown, Pennsylvania and currently employs 53,150 full-time employees. The company went IPO on 2012-02-08. The firm's software product and platform development services, including 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. Its segments include North America, Europe, and Russia. The company offers complex software product development services to address the constant need for innovation and agility among software and technology companies. The company partners with global pharmaceutical, medical and scientific technology, biotechnology companies and retail pharmacies to deliver sophisticated scientific informatics and enterprise technology solutions. The company also offers health data analytics.

Industry: Services-Computer Programming Services Peers: AMDOCS LTD GRID DYNAMICS HOLDINGS, INC. COGNIZANT TECHNOLOGY SOLUTIONS CORP DXC Technology Co GARTNER INC INTERNATIONAL BUSINESS MACHINES CORP Kyndryl Holdings, Inc. PERFICIENT INC Thoughtworks Holding, Inc.