EPAM Systems Key Fundamental Indicators

EPAM Stock  USD 137.05  -0.09  -0.07%   
As of today, the relative strength indicator for EPAM Systems stands at 35, indicating moderately negative momentum. This range suggests moderated price movement without extreme directional pressure.
Momentum
Sell Extended
 
Oversold
 
Overbought
As of the 16th of March 2026, EPAM Systems trades at 137.05 per share. Key technical indicators include Market Risk Adjusted Performance of -0.28, variance of 14.12, and Standard Deviation of 3.76. The technical model evaluates historical price movement, trading volume, and volatility patterns to quantify trend strength. Current values are evaluated relative to sector peers and historical ranges.
Total Revenue is showing structural movement consistent with a increasing trend. A year ago, Total Revenue was sitting at 5.46 Billion. Pretax Profit Margin is evolving in line with broader financial reporting trends. Year-ago financials show EPAM Systems with Pretax Profit Margin of 0.09. As of now, The current year's Operating Profit Margin is projected to rise to 0.14, whereas Gross Profit is moving lower toward about 760.8 M.

EPAM Systems Total Revenue

5.73 Billion
EPAM Systems' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time.
 Gross Profit
1.6 B
 Profit Margin
0.0692
 Market Capitalization
7.6 B
 Enterprise Value Revenue
1.1494
 Revenue
5.5 B
We have found one hundred twenty available fundamental trend indicators for EPAM Systems, which can be analyzed and compared to other ratios and to its competition. All investors should make sure to check all of EPAM Systems' current market performance against the performance between 2010 and 2026 to make sure the company can sustain itself for the next two years. Continue to Equity Screeners for broader equity screening tools.
Recent disclosures position Interest Income within a increasing cycle. Year-ago financials show EPAM Systems with Interest Income of 11.55 Million. As of now, The current year's Net Interest Income is projected to rise to approximately 14.7 M, whereas Interest Expense is moving lower toward about 2.6 M.
  
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EPAM Systems Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding51.5 M56.2 M50.3 M
Slightly volatile
Total Assets5.1 B4.9 B2.2 B
Slightly volatile
Short and Long Term Debt Total183.7 M143.7 M164.7 M
Slightly volatile
Other Current Liabilities792.4 M754.7 M290.6 M
Slightly volatile
Total Current LiabilitiesB976.9 M402.5 M
Slightly volatile
Total Stockholder Equity3.9 B3.7 B1.7 B
Slightly volatile
Property Plant And Equipment Net209.5 M317.3 M201.3 M
Slightly volatile
Current Deferred Revenue109.4 M104.2 M26.1 M
Slightly volatile
Retained Earnings2.4 B2.3 B1.1 B
Slightly volatile
Accounts Payable58.1 M55.3 M17.8 M
Slightly volatile
Cash816.8 M1.3 B787.4 M
Slightly volatile
Non Current Assets Total2.5 B2.4 B836.2 M
Slightly volatile
Non Current Assets Other145.7 M138.7 M41.7 M
Slightly volatile
Other Assets232.2 M221.1 M115.4 M
Slightly volatile
Cash And Short Term Investments830.8 M1.3 B800.9 M
Slightly volatile
Net Receivables1.2 B1.1 B513.8 M
Slightly volatile
Good Will1.3 B1.2 B372 M
Slightly volatile
Common Stock Total Equity48.8 K66.7 K49.1 K
Slightly volatile
Liabilities And Stockholders Equity5.1 B4.9 B2.2 B
Slightly volatile
Non Current Liabilities Total151.5 M247.4 M142.6 M
Slightly volatile
Inventory0.860.93.2 M
Slightly volatile
Other Current Assets136.1 M129.6 M50 M
Slightly volatile
Total Liabilities1.3 B1.2 B551.5 M
Slightly volatile
Property Plant And Equipment Gross590.2 M562.1 M262.7 M
Slightly volatile
Total Current Assets1.4 B2.5 B1.3 B
Slightly volatile
Short Term Debt63.5 M37.2 M61.1 M
Very volatile
Intangible Assets426.9 M406.6 M112.4 M
Slightly volatile
Common Stock51.1 K54 K48.5 K
Slightly volatile
Property Plant Equipment330.1 M314.4 M162.6 M
Slightly volatile
Other Liabilities131.2 M124.9 M55.4 M
Slightly volatile
Net Tangible Assets2.9 B2.8 B1.3 B
Slightly volatile
Capital Surpluse544.5 M975.2 M514.8 M
Slightly volatile
Long Term Investments2.8 M1.9 M2.9 M
Slightly volatile
Non Current Liabilities Other102.2 M63.9 M66.7 M
Slightly volatile
Deferred Long Term Asset Charges90.6 M86.3 M47.1 M
Slightly volatile
Long Term Debt Total21.8 M24.9 M29.1 M
Slightly volatile
Short and Long Term Debt2.4 M2.6 M19.9 M
Slightly volatile
Net Invested Capital2.7 B3.7 B1.9 B
Slightly volatile
Net Working Capital1.6 B1.6 B1.2 B
Slightly volatile
Capital Stock61.7 K54 K55.5 K
Slightly volatile
Capital Lease Obligations141.5 M118.7 M207.3 M
Slightly volatile

EPAM Systems Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization69.2 M124.8 M66.6 M
Slightly volatile
Selling General Administrative975.1 M928.7 M449.8 M
Slightly volatile
Total Revenue5.7 B5.5 B2.5 B
Slightly volatile
Gross Profit760.8 M1.4 B731.2 M
Slightly volatile
Other Operating Expenses5.2 B4.9 B2.2 B
Slightly volatile
Operating Income281.8 M521.2 M270.8 M
Slightly volatile
EBIT282.2 M505.6 M271.2 M
Slightly volatile
EBITDA351.4 M630.4 M337.8 M
Slightly volatile
Cost Of Revenue4.2 BB1.7 B
Slightly volatile
Total Operating Expenses479 M927.5 M460.3 M
Slightly volatile
Income Before Tax280.2 M505.6 M269.3 M
Slightly volatile
Net Income Applicable To Common Shares506.4 M482.3 M245.1 M
Slightly volatile
Net Income227 M377.7 M218 M
Slightly volatile
Income Tax Expense134.3 M127.9 M56.1 M
Slightly volatile
Net Income From Continuing Ops273.3 M377.7 M227.1 M
Slightly volatile
Minority Interest2.7 MM3.3 M
Slightly volatile
Non Recurring1.8 MM2.2 M
Slightly volatile
Tax Provision78.3 M127.9 M57 M
Slightly volatile
Interest Income15.3 M11.5 M9.7 M
Slightly volatile
Reconciled Depreciation109.7 M166.1 M71 M
Slightly volatile

EPAM Systems Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation185.6 M176.8 M76 M
Slightly volatile
Free Cash Flow643.3 M612.7 M273.7 M
Slightly volatile
Begin Period Cash Flow736.2 M1.3 B709.5 M
Slightly volatile
Depreciation174.4 M166.1 M75.2 M
Slightly volatile
Capital Expenditures43 M42.2 M41.1 M
Slightly volatile
Total Cash From Operating Activities687.7 M654.9 M314.9 M
Slightly volatile
Net Income227 M377.7 M218 M
Slightly volatile
End Period Cash Flow818.4 M1.3 B789 M
Slightly volatile
Change To Netincome162.4 M154.6 M66.2 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.862.09843.6802
Slightly volatile
PTB Ratio4.93.11416.2053
Very volatile
Days Sales Outstanding94.9974.12385.3659
Slightly volatile
Book Value Per Share69.0965.800930.5299
Slightly volatile
Free Cash Flow Yield0.04730.05350.0428
Slightly volatile
Operating Cash Flow Per Share12.311.71765.8643
Slightly volatile
Stock Based Compensation To Revenue0.02260.03240.0289
Slightly volatile
Capex To Depreciation0.240.25440.8872
Slightly volatile
PB Ratio4.93.11416.2053
Very volatile
EV To Sales2.621.88733.3793
Slightly volatile
Free Cash Flow Per Share11.5110.96195.0667
Slightly volatile
ROIC0.170.09820.1451
Slightly volatile
Inventory Turnover290276221
Slightly volatile
Net Income Per Share7.16.75724.2458
Slightly volatile
Days Of Inventory On Hand1.31.376.5293
Slightly volatile
Payables Turnover94.9172.4457120
Very volatile
Sales General And Administrative To Revenue0.180.20270.206
Slightly volatile
Capex To Revenue0.00740.00770.0236
Slightly volatile
Cash Per Share24.3523.188515.2795
Slightly volatile
POCF Ratio22.017.484828.1107
Slightly volatile
Interest Coverage464283377
Pretty Stable
Capex To Operating Cash Flow0.06130.06450.1828
Slightly volatile
PFCF Ratio28.0518.690335.5424
Pretty Stable
Days Payables Outstanding4.845.03834.3639
Slightly volatile
Income Quality1.091.73411.3779
Very volatile
ROE0.09760.10270.2016
Slightly volatile
EV To Operating Cash Flow20.1415.725225.8182
Slightly volatile
PE Ratio29.0330.320437.5011
Slightly volatile
Return On Tangible Assets0.150.1150.139
Pretty Stable
EV To Free Cash Flow25.5916.809432.5976
Pretty Stable
Earnings Yield0.04990.0330.0414
Slightly volatile
Intangibles To Total Assets0.350.32990.1682
Slightly volatile
Current Ratio4.422.59374.0729
Pretty Stable
Tangible Book Value Per Share38.7136.867921.8077
Slightly volatile
Receivables Turnover3.464.92424.3401
Slightly volatile
Graham Number10510053.304
Slightly volatile
Shareholders Equity Per Share69.0865.790530.5155
Slightly volatile
Debt To Equity0.03710.03910.0833
Slightly volatile
Capex Per Share0.620.75580.7876
Slightly volatile
Revenue Per Share10397.63445.3609
Slightly volatile
Interest-Bearing Debt Per Share1.62.57111.8651
Slightly volatile
Debt To Assets0.03960.02930.0478
Very volatile
Enterprise Value Over EBITDA16.6916.336321.5589
Slightly volatile
Short Term Coverage Ratios15.0615.8636.7728
Very volatile
Price Earnings Ratio29.0330.320437.5011
Slightly volatile
Operating Cycle10674.12391.1173
Slightly volatile
Price Book Value Ratio4.93.11416.2053
Very volatile
Days Of Payables Outstanding4.845.03834.3639
Slightly volatile
Price To Operating Cash Flows Ratio22.017.484828.1107
Slightly volatile
Price To Free Cash Flows Ratio28.0518.690335.5424
Pretty Stable
Pretax Profit Margin0.140.09270.1256
Pretty Stable
Ebt Per Ebit0.790.97020.9766
Very volatile
Operating Profit Margin0.140.09550.1269
Slightly volatile
Effective Tax Rate0.150.2530.1886
Very volatile
Company Equity Multiplier2.021.33311.8109
Slightly volatile
Long Term Debt To Capitalization0.00640.00680.028
Slightly volatile
Total Debt To Capitalization0.03570.03760.0715
Slightly volatile
Return On Capital Employed0.20.13280.1793
Slightly volatile
Debt-to-Equity Ratio0.03710.03910.0833
Slightly volatile
Ebit Per Revenue0.140.09550.1269
Slightly volatile
Quick Ratio4.322.59374.02
Pretty Stable
Dividend Paid And Capex Coverage Ratio16.2815.5049.1155
Slightly volatile
Net Income Per E B T0.890.7470.8137
Very volatile
Cash Ratio1.791.32672.2555
Very volatile
Cash Conversion Cycle10169.084786.7534
Slightly volatile
Operating Cash Flow Sales Ratio0.140.120.1349
Pretty Stable
Days Of Inventory Outstanding1.31.376.5293
Slightly volatile
Days Of Sales Outstanding94.9974.12385.3659
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.640.93550.7997
Slightly volatile
Cash Flow Coverage Ratios4.694.55753.7986
Pretty Stable
Price To Book Ratio4.93.11416.2053
Very volatile
Fixed Asset Turnover9.3517.200511.7276
Pretty Stable
Capital Expenditure Coverage Ratio16.2815.5049.1155
Slightly volatile
Price Cash Flow Ratio22.017.484828.1107
Slightly volatile
Enterprise Value Multiple16.6916.336321.5589
Slightly volatile
Debt Ratio0.03960.02930.0478
Very volatile
Cash Flow To Debt Ratio4.694.55753.7986
Pretty Stable
Price Sales Ratio2.862.09843.6802
Slightly volatile
Return On Assets0.130.0770.1178
Slightly volatile
Asset Turnover1.281.11321.1613
Slightly volatile
Net Profit Margin0.110.06920.1018
Pretty Stable
Gross Profit Margin0.390.26550.3538
Slightly volatile
Price Fair Value4.93.11416.2053
Very volatile
Return On Equity0.09760.10270.2016
Slightly volatile

EPAM Systems Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap7.5 B11 B8.9 B
Slightly volatile
Enterprise ValueB10.4 B8.2 B
Slightly volatile

EPAM Fundamental Market Drivers

Forward Price Earnings10.8342
Cash And Short Term Investments1.3 B

EPAM Notable Events

15th of February 2024
Upcoming Quarterly Report
View
3rd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
15th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

EPAM Operating Margin Driver Correlations

Understanding the fundamental principles of building solid financial models for EPAM Systems is extremely important. It helps to project a fair market value of EPAM Stock properly, considering its historical fundamentals such as Operating Margin.
 Quarterly Earnings Growth
0.099
 Earnings Share
6.72
 Revenue Per Share
97.634
 Quarterly Revenue Growth
0.128
 Return On Assets
0.0755
EPAM Systems's market price can diverge from book value, the accounting figure shown on EPAM's balance sheet. EPAM Systems' market capitalization is 7.58 B. A P/B ratio of 2.02 indicates the market values EPAM Systems above its accounting book value. Enterprise value stands at 6.27 B. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value. Valuation methods compare these perspectives to frame context.
The concept of value for EPAM Systems differs from its quoted price, since each reflects a different lens. For EPAM Systems, key inputs include a P/E ratio of 49.85, a P/B ratio of 2.02, a profit margin of 6.92%, and ROE of 10.34%. By contrast, EPAM Systems market price reflects the level where buyers and sellers transact.

What if' Analysis

Running a what-if backtest on EPAM Systems gives investors a practical way to test how changes in horizon, position size, or market timing might have affected the result. The stronger interpretation comes from comparing realized return, risk, and path dependency instead of focusing only on the best historical outcome.
205.85
12/16/2025
 
Loss -68.80  33.42 
In 3 months and 1 day
 
03/16/2026
137.05
If you invested 205.85 in EPAM Systems on December 16, 2025 and closed the position today, you would lose -68.8 in total losses. Overall, this is a 33.42% move in EPAM Systems value in aggregate over 90 days. EPAM Systems competes with or is related to Applied Digital, Aurora Innovation, Jack Henry, Kyndryl Holdings, AMDocs, Genpact, and Open Text. The list provides context for relative analysis. EPAM Systems, Inc. provides digital platform engineering and software development services worldwide More

Upside and Downside Indicators for EPAM Systems Overview

This section highlights upside and downside signals that contextualize EPAM Systems price behavior. The indicators are presented as neutral context for price dynamics.

EPAM Systems Market Risk Indicators Overview

These indicators track EPAM Systems' volatility and return range dynamics. The indicators highlight how volatility has behaved across recent periods.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EPAM Systems' price to converge to an average value over time is called mean reversion.
Hype
Prediction
LowEstimatedHigh
134.44138.28142.12
Details
Intrinsic
Valuation
LowRealHigh
124.25160.59164.43
Details
Naive
Forecast
LowNextHigh
139.49143.32147.16
Details
Analyst
Consensus
LowTargetHigh
173.97191.18212.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EPAM Systems. Your research has to be compared to or analyzed against EPAM Systems' peers to derive any actionable benefits.

Technical Indicators

EPAM Systems Backtested Returns

EPAM Systems appears to exhibit a very low volatility profile over the selected 3 months investment horizon. It shows a risk-adjusted return measure of -0.15, defining negative risk-normalized returns. We identified twenty-three technical indicators influencing the company's volatility profile. Please review metrics such as market risk-adjusted performance of -0.28, variance of 14.12, and standard deviation of 3.76 to confirm whether our risk estimates align with your expectations. The company has a beta of 1.87, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, EPAM Systems will likely underperform. At this point, EPAM Systems has a negative expected return of -0.58%. Please make sure to check EPAM Systems' treynor ratio, and the relationship between the standard deviation and kurtosis, to decide if EPAM Systems's performance from the past will be repeated at some future point.
Auto-correlation
    
  -0.58  

Good reverse predictability

EPAM Systems shows good reverse predictability when comparing price series from 16th of December 2025 to 30th of January 2026 against from 30th of January 2026 to 16th of March 2026. A strong serial relationship would imply that EPAM Systems's recent trajectory contains information about its near-term direction. With a serial correlation of -0.58, roughly 58.0% of EPAM Systems's price variation is attributable to patterns in preceding intervals. Given that EPAM Systems has negative autocorrelation for the selected time horizon, market participants may evaluate potential contrarian price behavior over comparable future intervals.
Correlation Coefficient-0.58
Spearman Rank Test-0.47
Residual Average0.0
Price Variance569.99
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
Competition

EPAM Pretax Profit Margin

Pretax Profit Margin

0.0927
Pretax Profit Margin is evolving in line with broader financial reporting trends. Year-ago financials show EPAM Systems with Pretax Profit Margin of 0.09.
Based on the recorded statements, EPAM Systems has an Operating Margin of 0.1186%. This is 101.34% lower than that of the IT Services sector and 96.1% lower than that of the Information Technology industry. The operating margin for all United States stocks is 102.15% lower than that of the firm.

EPAM Systems Fundamental Drivers Relationships

Comparative pricing analysis measures EPAM Systems's value against industry norms. Exploring the interplay between EPAM Systems' financial ratios and those of its competitors can uncover valuation signals that standalone analysis misses. More Info.
EPAM Systems is rated below average in return on equity compared to key competitors. It lands at #4 in return on asset compared to key competitors producing 0.73 in Return On Asset for each unit of Return On Equity. The spread between Return On Equity and Return On Asset for EPAM Systems sits at 1.37 . Based on recent performance metrics, Return On Equity is expected to slightly decrease. Trailing twelve-month data shows Return On Equity at 0.10. Valuation multiples such as P/E, P/B, and P/S compare EPAM Systems to peer earnings performance.

EPAM Systems' Historical Earnings Breakdown by Geography

EPAM Operating Margin Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EPAM Systems' direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to.
EPAM Systems is currently under evaluation in operating margin compared to key competitors.

EPAM Systems ESG Sustainability

High ESG scores have been linked to premium valuations for companies like EPAM Systems. Its voluntary sustainability disclosures signal governance quality and offer investors important insight into long-term business responsibility and risk.
Environmental
Governance
Social

EPAM Fundamentals

Financial Metrics, Fundamentals & Methodology

EPAM Systems reports annual revenue of 5.46 B, a profit margin of 6.92%, ROE of 10.34%, debt-to-equity of 0.07. EPAM Systems can be evaluated by studying cash generation capacity and funding requirements. Profitability indicators are currently positive. Overall market capitalization tier is large-cap. EPAM Systems financial statements indicate revenue of 5.46 B, positive EPS of 6.72, operating margin of 11.86%, current ratio of 3.47.

Unless otherwise specified, data for EPAM Systems is compiled from periodic company reporting and market reference feeds and standardized for comparability. Analyst projections are included when active coverage applies. Updates may occur throughout the day. Income statement, balance sheet, and cash-flow values follow GAAP or IFRS conventions as reported.

This content is curated and reviewed by:

Ellen Johnson - Member of Macroaxis Editorial Board
Last reviewed on March 15th, 2026

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More Resources for EPAM Stock Analysis

Understanding EPAM Systems typically begins with financial statements and long-term trend review. Financial ratios provide a structured lens for assessing EPAM Systems' profitability and growth trends. Below are reports that help frame EPAM Systems Stock in context:
For information on how to trade EPAM Stock refer to our How to Trade EPAM Stock guide.
With EPAM Systems showing P/E 49.85 and ROE 10.34%, investors get more value when this analysis is combined with the diversification and construction tools below. Within the Technology space, these metrics give the peer comparison tools below a concrete starting point for relative analysis. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
 Quarterly Earnings Growth
0.099
 Earnings Share
6.72
 Revenue Per Share
97.634
 Quarterly Revenue Growth
0.128
 Return On Assets
0.0755
EPAM Systems's market price can diverge from book value, the accounting figure shown on EPAM's balance sheet. EPAM Systems' market capitalization is 7.58 B. A P/B ratio of 2.02 indicates the market values EPAM Systems above its accounting book value. Enterprise value stands at 6.27 B. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value. Valuation methods compare these perspectives to frame context.
The concept of value for EPAM Systems differs from its quoted price, since each reflects a different lens. For EPAM Systems, key inputs include a P/E ratio of 49.85, a P/B ratio of 2.02, a profit margin of 6.92%, and ROE of 10.34%. By contrast, EPAM Systems market price reflects the level where buyers and sellers transact.