EPAM - EPAM Systems, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$158.00
DETAILS
HIGH:
$247.00
LOW:
$110.00
MEDIAN:
$139.50
CONSENSUS:
$158.00
UPSIDE:
53.86%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Revenue | 5,457.1 | 4,727.9 | 4,690.5 | 4,824.7 | 3,758.1 | 2,659.5 | 2,293.8 | 1,842.9 | 1,450.4 | 1,160.1 | 914.1 | 730.0 | 555.1 | 433.8 | 334.5 | 221.8 | 149.9 |
| Cost of Revenue | 4,008.3 | 3,277.5 | 3,256.5 | 3,286.7 | 2,483.7 | 1,732.5 | 1,488.2 | 1,186.9 | 921.4 | 737.2 | 566.9 | 456.5 | 347.6 | 270.4 | 205.3 | 132.5 | 88.0 |
| Gross Profit | 1,448.7 | 1,450.4 | 1,434.0 | 1,538.0 | 1,274.4 | 927.0 | 805.6 | 656.0 | 529.1 | 422.9 | 347.2 | 273.5 | 207.5 | 163.4 | 129.2 | 89.3 | 61.9 |
| Operating Expenses | |||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 928.7 | 816.3 | 815.1 | 872.8 | 648.7 | 484.8 | 457.4 | 373.6 | 327.6 | 265.9 | 222.8 | 163.7 | 116.5 | 85.9 | 64.9 | 47.6 | 39.2 |
| Other Expenses | 0 | 89.6 | 117.7 | 92.3 | 83.4 | 62.9 | 45.3 | 36.6 | 28.6 | 23.4 | 18.5 | 23.6 | 14.5 | 11.6 | 9.3 | 8.9 | 6.7 |
| Operating Expenses | 927.5 | 905.9 | 932.8 | 965.0 | 732.1 | 547.6 | 502.8 | 410.2 | 356.1 | 289.2 | 241.2 | 187.3 | 131.0 | 97.4 | 74.2 | 56.5 | 45.9 |
| Operating Income | |||||||||||||||||
| Operating Income | 521.2 | 544.6 | 501.2 | 573.0 | 542.3 | 379.3 | 302.9 | 245.8 | 172.9 | 133.7 | 106.0 | 86.2 | 76.5 | 66.0 | 55.0 | 32.8 | 16.0 |
| Interest Expense | 0 | 0 | 0 | 0 | 1.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.1 | 0.2 |
| Interest Income | 15.0 | 46.9 | 51.1 | 10.0 | 0 | 3.8 | 8.7 | 3.5 | 4.6 | 4.8 | 4.7 | 4.8 | 3.1 | 1.9 | 1.3 | 0.6 | 0.2 |
| Profitability | |||||||||||||||||
| EBITDA | 630.4 | 671.7 | 659.9 | 713.0 | 680.3 | 508.6 | 404.0 | 282.4 | 201.5 | 157.1 | 123.4 | 105.9 | 91.6 | 76.9 | 64.2 | 39.0 | 20.2 |
| EBIT | 505.6 | 544.6 | 527.2 | 573.0 | 535.1 | 379.3 | 302.9 | 245.8 | 172.9 | 133.7 | 106.0 | 88.4 | 76.5 | 66.0 | 56.7 | 32.8 | 14.6 |
| Income Before Tax | 505.6 | 584.4 | 536.6 | 507.3 | 533.4 | 378.5 | 299.5 | 249.8 | 174.3 | 126.5 | 106.1 | 87.0 | 76.8 | 65.9 | 52.8 | 31.1 | 14.4 |
| Income Tax Expense | 127.9 | 129.9 | 119.5 | 87.8 | 51.7 | 51.3 | 38.5 | 9.5 | 101.5 | 27.2 | 21.6 | 17.3 | 14.8 | 11.4 | 8.4 | 2.8 | 0.9 |
| Net Income | 377.7 | 454.5 | 417.1 | 419.4 | 481.7 | 327.2 | 261.1 | 240.3 | 72.8 | 99.3 | 84.5 | 69.6 | 62.0 | 54.5 | 44.4 | 28.3 | 13.5 |
| Per Share Data | |||||||||||||||||
| EPS (Basic) | 6.76 | 7.93 | 7.21 | 7.32 | 8.52 | 5.87 | 4.77 | 4.24 | 1.40 | 1.97 | 1.73 | 1.48 | 1.35 | 1.27 | 0.29 | 0.84 | 0.23 |
| EPS (Diluted) | 6.72 | 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 | 0.29 | 0.75 | 0.22 |
| Shares Outstanding | 55.9 | 57.3 | 57.8 | 57.3 | 56.5 | 55.7 | 57.6 | 56.7 | 52.1 | 50.3 | 48.7 | 47.2 | 45.8 | 40.2 | 17.1 | 17.1 | 16.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 1,296.1 | 1,286.3 | 2,036.2 | 1,681.3 | 1,446.6 | 1,322.1 | 936.6 | 770.6 | 582.6 | 362.0 | 52.9 |
| Short-Term Investments | 0 | 1.7 | 60.7 | 60.3 | 0 | 60.0 | 0.0 | 0 | 0 | 0.4 | 0 |
| Net Receivables | 1,108.2 | 1,002.2 | 897.0 | 932.6 | 768.9 | 501.1 | 497.7 | 402.3 | 352.1 | 263.3 | 42.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4 | 16.9 |
| Other Current Assets | 129.6 | 136.1 | 97.4 | 85.3 | 0 | 0 | 0 | 0 | 0 | 7.0 | 15.7 |
| Total Current Assets | 2,533.9 | 2,426.2 | 3,091.4 | 2,759.6 | 2,269.5 | 1,912.8 | 1,474.2 | 1,199.1 | 960.0 | 646.6 | 98.7 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 317.3 | 335.9 | 370.0 | 422.1 | 421.1 | 398.2 | 404.2 | 102.6 | 86.4 | 73.6 | 23.1 |
| Goodwill | 1,210.6 | 1,181.6 | 562.5 | 529.1 | 530.7 | 212.0 | 195.0 | 166.8 | 119.5 | 109.3 | 9.2 |
| Intangible Assets | 406.6 | 436.4 | 71.1 | 77.7 | 101.1 | 52.0 | 56.3 | 57.1 | 44.5 | 51.3 | 2.7 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 138.7 | 100.5 | 59.6 | 47.9 | 56.9 | 54.0 | 39.4 | 16.2 | 14.8 | 14.1 | 0.5 |
| Total Non-Current Assets | 2,368.2 | 2,324.2 | 1,261.0 | 1,249.5 | 1,253.7 | 808.5 | 770.0 | 412.7 | 290.2 | 279.3 | 36.7 |
| Total Assets | 4,902.1 | 4,750.5 | 4,352.4 | 4,009.2 | 3,523.2 | 2,721.3 | 2,244.2 | 1,611.8 | 1,250.3 | 925.8 | 135.4 |
| Current Liabilities | |||||||||||
| Account Payables | 55.3 | 44.7 | 32.0 | 30.9 | 24.8 | 10.2 | 7.8 | 7.4 | 5.6 | 3.2 | 4.1 |
| Short-Term Debt | 37.2 | 0 | 0 | 2.9 | 16.0 | 0 | 0 | 0 | 0 | 0 | 7 |
| Deferred Revenue | 104.2 | 59.3 | 28.0 | 36.0 | 39.8 | 17.4 | 9.1 | 4.6 | 4.5 | 3.3 | 4.4 |
| Other Current Liabilities | 146.5 | 568.6 | 460.1 | 525.9 | 545.9 | 321.4 | 269.3 | 201.8 | 91.3 | 41.9 | 2.0 |
| Total Current Liabilities | 976.9 | 821.0 | 644.9 | 747.5 | 763.4 | 465.9 | 386.9 | 262.8 | 181.0 | 116.2 | 30.1 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 25.0 | 25.2 | 26.1 | 27.7 | 30.2 | 25.0 | 25.1 | 25.0 | 25.0 | 25.0 | 0 |
| Deferred Tax Liabilities | 77.0 | 92.4 | 8.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Other Non-Current Liabilities | 63.9 | 82.3 | 91.8 | 108.6 | 90.9 | 66.7 | 55.2 | 61.3 | 69.3 | 3.1 | 88.7 |
| Total Non-Current Liabilities | 247.4 | 298.3 | 236.0 | 258.7 | 264.0 | 272.4 | 261.1 | 86.4 | 94.3 | 28.2 | 88.8 |
| Total Liabilities | 1,224.3 | 1,119.3 | 880.9 | 1,006.1 | 1,027.4 | 738.3 | 648.1 | 349.2 | 275.3 | 144.4 | 118.9 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 |
| Retained Earnings | 2,268.2 | 2,555.8 | 2,501.1 | 2,248.9 | 1,829.5 | 1,347.9 | 1,020.6 | 759.5 | 518.8 | 444.3 | 20.8 |
| Accumulated Other Comprehensive Income | 18.5 | (116.9) | (39.0) | (95.3) | (54.2) | (25.5) | (31.4) | (41.5) | (17.6) | (37.7) | (1.9) |
| Total Stockholders' Equity | 3,677.2 | 3,629.2 | 3,470.9 | 3,001.5 | 2,487.1 | 1,983.0 | 1,596.1 | 1,262.6 | 974.9 | 781.4 | 16.5 |
| Total Liabilities & Equity | 4,902.1 | 4,750.5 | 4,352.4 | 4,009.2 | 3,523.2 | 2,721.3 | 2,244.2 | 1,611.8 | 1,250.3 | 925.8 | 135.4 |
| Debt Metrics | |||||||||||
| Total Debt | 143.7 | 163.3 | 171.9 | 193.2 | 239.2 | 266.4 | 263.5 | 25.0 | 25.0 | 25.0 | 7 |
| Net Debt | (1,152.4) | (1,123.0) | (1,864.3) | (1,488.1) | (1,207.5) | (1,055.7) | (673.1) | (745.5) | (557.6) | (337.0) | (45.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 377.7 | 454.5 | 417.1 | 419.4 | 481.7 | 327.2 | 261.1 | 240.3 | 72.8 | 99.3 |
| Depreciation & Amortization | 166.1 | 127.1 | 132.7 | 140.0 | 145.2 | 129.2 | 101.2 | 36.6 | 28.6 | 23.4 |
| Stock-Based Compensation | 176.8 | 167.3 | 147.7 | 99.9 | 111.7 | 75.2 | 72.0 | 59.2 | 52.4 | 49.2 |
| Change in Working Capital | (191.2) | (127.3) | (125.2) | (229.8) | (134.9) | 23.7 | (145.4) | 5.0 | 33.0 | (6.3) |
| Other Non-Cash Items | 184.9 | 1.7 | 27.5 | 76.7 | 15.6 | 9.0 | 6.4 | (0.9) | (4.0) | 2.5 |
| Operating Cash Flow | 654.9 | 559.2 | 562.6 | 464.1 | 572.3 | 544.4 | 287.5 | 292.2 | 195.4 | 164.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (42.2) | (32.1) | (28.4) | (81.6) | (111.5) | (68.8) | (99.3) | (37.6) | (29.8) | (29.3) |
| Acquisitions | (3.4) | (912.2) | (24.8) | (10.6) | (315.0) | (18.9) | (39.3) | (74.3) | (6.8) | (5.5) |
| Purchases of Investments | (3.1) | (8.8) | (14.5) | (61.6) | (2.5) | (140.5) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 3.1 | 65.9 | 10.9 | 0 | 60 | 60.0 | 0 | 0.4 | 0 | 0 |
| Other Investing Activities | (3.3) | 2.3 | (9.9) | (29.0) | 0.1 | 1.0 | (6.7) | (0.7) | 0.5 | 25.5 |
| Investing Cash Flow | (49.0) | (885.0) | (66.8) | (182.9) | (368.9) | (167.2) | (145.4) | (112.1) | (36.2) | (9.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | (1.9) | (2.1) | (13.8) | 0.1 | (0.0) | (0.0) | (3.5) | (0.1) | (10.1) |
| Stock Repurchased | 0 | (398.0) | (164.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (651.2) | 9.5 | 1.3 | (38.9) | (85.9) | (27.2) | 20.4 | 26.5 | 49.8 | 20.6 |
| Financing Cash Flow | (651.2) | (390.4) | (165.8) | (2.0) | (59.6) | (0.8) | 20.4 | 23.0 | 49.7 | 10.5 |
| Cash Position | ||||||||||
| Net Change in Cash | 11.0 | (752.7) | 359.5 | 234.3 | 125.8 | 385.8 | 166.0 | 188.9 | 220.6 | 162.6 |
| Cash at Beginning | 1,290.4 | 2,043.1 | 1,683.6 | 1,449.3 | 1,323.5 | 937.7 | 771.7 | 582.9 | 362.0 | 199.4 |
| Cash at End | 1,301.4 | 1,290.4 | 2,043.1 | 1,683.6 | 1,449.3 | 1,323.5 | 937.7 | 771.7 | 582.6 | 362.0 |
| Free Cash Flow | 612.7 | 527.0 | 534.2 | 382.5 | 460.8 | 475.6 | 188.1 | 254.6 | 165.6 | 135.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||
| Revenue | 5,457.1 | 4,727.9 | 4,690.5 | 4,824.7 | 3,758.1 | 2,659.5 | 2,293.8 | 1,842.9 | 1,450.4 | 1,160.1 | 914.1 | 730.0 | 555.1 | 433.8 | 334.5 | 221.8 | 149.9 |
| Gross Profit | 1,448.7 | 1,450.4 | 1,434.0 | 1,538.0 | 1,274.4 | 927.0 | 805.6 | 656.0 | 529.1 | 422.9 | 347.2 | 273.5 | 207.5 | 163.4 | 129.2 | 89.3 | 61.9 |
| Operating Income | 521.2 | 544.6 | 501.2 | 573.0 | 542.3 | 379.3 | 302.9 | 245.8 | 172.9 | 133.7 | 106.0 | 86.2 | 76.5 | 66.0 | 55.0 | 32.8 | 16.0 |
| Net Income | 377.7 | 454.5 | 417.1 | 419.4 | 481.7 | 327.2 | 261.1 | 240.3 | 72.8 | 99.3 | 84.5 | 69.6 | 62.0 | 54.5 | 44.4 | 28.3 | 13.5 |
| EPS (Diluted) | 6.72 | 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 | 0.29 | 0.75 | 0.22 |
| Balance Sheet | |||||||||||||||||
| Cash & Equivalents | 1,296.1 | 1,286.3 | 2,036.2 | 1,681.3 | 1,446.6 | 1,322.1 | 936.6 | 770.6 | 582.6 | 362.0 | 52.9 | ||||||
| Total Assets | 4,902.1 | 4,750.5 | 4,352.4 | 4,009.2 | 3,523.2 | 2,721.3 | 2,244.2 | 1,611.8 | 1,250.3 | 925.8 | 135.4 | ||||||
| Total Debt | 143.7 | 163.3 | 171.9 | 193.2 | 239.2 | 266.4 | 263.5 | 25.0 | 25.0 | 25.0 | 7 | ||||||
| Stockholders' Equity | 3,677.2 | 3,629.2 | 3,470.9 | 3,001.5 | 2,487.1 | 1,983.0 | 1,596.1 | 1,262.6 | 974.9 | 781.4 | 16.5 | ||||||
| Cash Flow | |||||||||||||||||
| Operating Cash Flow | 654.9 | 559.2 | 562.6 | 464.1 | 572.3 | 544.4 | 287.5 | 292.2 | 195.4 | 164.8 | |||||||
| Capital Expenditure | (42.2) | (32.1) | (28.4) | (81.6) | (111.5) | (68.8) | (99.3) | (37.6) | (29.8) | (29.3) | |||||||
| Free Cash Flow | 612.7 | 527.0 | 534.2 | 382.5 | 460.8 | 475.6 | 188.1 | 254.6 | 165.6 | 135.5 | |||||||