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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and EPAM Systems (EPAM). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $732.4M, roughly 1.9× Allegiant Travel CO). EPAM Systems runs the higher net margin — 7.8% vs 5.8%, a 2.0% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 4.8%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 9.9%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. EPAM is a founding member of the MACH Alliance.
ALGT vs EPAM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $1.4B |
| Net Profit | $42.5M | $109.4M |
| Gross Margin | — | 30.1% |
| Operating Margin | 11.1% | 10.6% |
| Net Margin | 5.8% | 7.8% |
| Revenue YoY | 4.8% | 12.8% |
| Net Profit YoY | 32.4% | 5.9% |
| EPS (diluted) | $2.30 | $1.97 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $732.4M | — | ||
| Q4 25 | $595.5M | $1.4B | ||
| Q3 25 | $494.1M | $1.4B | ||
| Q2 25 | $617.9M | $1.4B | ||
| Q1 25 | $616.8M | $1.3B | ||
| Q4 24 | $553.6M | $1.2B | ||
| Q3 24 | $489.0M | $1.2B | ||
| Q2 24 | $594.5M | $1.1B |
| Q1 26 | $42.5M | — | ||
| Q4 25 | $31.9M | $109.4M | ||
| Q3 25 | $-43.6M | $106.8M | ||
| Q2 25 | $-65.2M | $88.0M | ||
| Q1 25 | $32.1M | $73.5M | ||
| Q4 24 | $-216.2M | $103.3M | ||
| Q3 24 | $-36.8M | $136.3M | ||
| Q2 24 | $13.7M | $98.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 34.6% | ||
| Q2 24 | — | 29.3% |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 11.2% | 10.6% | ||
| Q3 25 | -5.5% | 10.4% | ||
| Q2 25 | -10.9% | 9.3% | ||
| Q1 25 | 10.5% | 7.6% | ||
| Q4 24 | -47.7% | 10.9% | ||
| Q3 24 | -5.4% | 15.2% | ||
| Q2 24 | 5.9% | 10.5% |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.4% | 7.8% | ||
| Q3 25 | -8.8% | 7.7% | ||
| Q2 25 | -10.5% | 6.5% | ||
| Q1 25 | 5.2% | 5.6% | ||
| Q4 24 | -39.1% | 8.3% | ||
| Q3 24 | -7.5% | 11.7% | ||
| Q2 24 | 2.3% | 8.6% |
| Q1 26 | $2.30 | — | ||
| Q4 25 | $1.82 | $1.97 | ||
| Q3 25 | $-2.41 | $1.91 | ||
| Q2 25 | $-3.62 | $1.56 | ||
| Q1 25 | $1.73 | $1.28 | ||
| Q4 24 | $-12.12 | $1.80 | ||
| Q3 24 | $-2.05 | $2.37 | ||
| Q2 24 | $0.75 | $1.70 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.1M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $3.7B |
| Total Assets | — | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $902.1M | — | ||
| Q4 25 | $805.7M | $1.3B | ||
| Q3 25 | $956.7M | $1.2B | ||
| Q2 25 | $842.8M | $1.0B | ||
| Q1 25 | $878.6M | $1.2B | ||
| Q4 24 | $781.1M | $1.3B | ||
| Q3 24 | $759.3M | $2.1B | ||
| Q2 24 | $791.9M | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $3.7B | ||
| Q3 25 | $1.0B | $3.7B | ||
| Q2 25 | $1.1B | $3.7B | ||
| Q1 25 | $1.1B | $3.6B | ||
| Q4 24 | $1.1B | $3.6B | ||
| Q3 24 | $1.3B | $3.6B | ||
| Q2 24 | $1.3B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | $4.9B | ||
| Q3 25 | $4.4B | $4.8B | ||
| Q2 25 | $4.4B | $4.7B | ||
| Q1 25 | $4.5B | $4.7B | ||
| Q4 24 | $4.4B | $4.8B | ||
| Q3 24 | $4.8B | $4.5B | ||
| Q2 24 | $4.9B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.30× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $282.9M |
| Free Cash FlowOCF − Capex | — | $268.1M |
| FCF MarginFCF / Revenue | — | 19.0% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | 2.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $612.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | $282.9M | ||
| Q3 25 | $-6.1M | $294.7M | ||
| Q2 25 | $92.2M | $53.2M | ||
| Q1 25 | $191.4M | $24.2M | ||
| Q4 24 | $84.4M | $130.3M | ||
| Q3 24 | $17.3M | $242.0M | ||
| Q2 24 | $68.9M | $57.0M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | $268.1M | ||
| Q3 25 | $-121.7M | $286.4M | ||
| Q2 25 | $-10.5M | $43.4M | ||
| Q1 25 | $116.9M | $14.8M | ||
| Q4 24 | $24.0M | $114.5M | ||
| Q3 24 | $-28.7M | $237.0M | ||
| Q2 24 | $7.0M | $52.3M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 19.0% | ||
| Q3 25 | -24.6% | 20.5% | ||
| Q2 25 | -1.7% | 3.2% | ||
| Q1 25 | 19.0% | 1.1% | ||
| Q4 24 | 4.3% | 9.2% | ||
| Q3 24 | -5.9% | 20.3% | ||
| Q2 24 | 1.2% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 1.1% | ||
| Q3 25 | 23.4% | 0.6% | ||
| Q2 25 | 16.6% | 0.7% | ||
| Q1 25 | 12.1% | 0.7% | ||
| Q4 24 | 10.9% | 1.3% | ||
| Q3 24 | 9.4% | 0.4% | ||
| Q2 24 | 10.4% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | 2.59× | ||
| Q3 25 | — | 2.76× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | 5.96× | 0.33× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | 1.77× | ||
| Q2 24 | 5.03× | 0.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Passenger | $671.8M | 92% |
| Third party products | $42.3M | 6% |
| Fixed fee contracts | $18.1M | 2% |
| Resort and other | $175.0K | 0% |
EPAM
Segment breakdown not available.
