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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) 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 $975.0M, roughly 1.4× BREAD FINANCIAL HOLDINGS, INC.). On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 5.4%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
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.
BFH vs EPAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.4B |
| Net Profit | — | $109.4M |
| Gross Margin | — | 30.1% |
| Operating Margin | 4.9% | 10.6% |
| Net Margin | — | 7.8% |
| Revenue YoY | 5.4% | 12.8% |
| Net Profit YoY | — | 5.9% |
| EPS (diluted) | $1.21 | $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.
| Q4 25 | $975.0M | $1.4B | ||
| Q3 25 | $971.0M | $1.4B | ||
| Q2 25 | $929.0M | $1.4B | ||
| Q1 25 | $970.0M | $1.3B | ||
| Q4 24 | $925.0M | $1.2B | ||
| Q3 24 | $983.0M | $1.2B | ||
| Q2 24 | $939.0M | $1.1B | ||
| Q1 24 | $991.0M | $1.2B |
| Q4 25 | — | $109.4M | ||
| Q3 25 | $188.0M | $106.8M | ||
| Q2 25 | $139.0M | $88.0M | ||
| Q1 25 | $138.0M | $73.5M | ||
| Q4 24 | — | $103.3M | ||
| Q3 24 | $2.0M | $136.3M | ||
| Q2 24 | $133.0M | $98.6M | ||
| Q1 24 | $134.0M | $116.2M |
| 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 24 | — | 28.4% |
| Q4 25 | 4.9% | 10.6% | ||
| Q3 25 | 20.2% | 10.4% | ||
| Q2 25 | 18.7% | 9.3% | ||
| Q1 25 | 20.3% | 7.6% | ||
| Q4 24 | -2.9% | 10.9% | ||
| Q3 24 | 4.1% | 15.2% | ||
| Q2 24 | 19.2% | 10.5% | ||
| Q1 24 | 19.0% | 9.5% |
| Q4 25 | — | 7.8% | ||
| Q3 25 | 19.4% | 7.7% | ||
| Q2 25 | 15.0% | 6.5% | ||
| Q1 25 | 14.2% | 5.6% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | 0.2% | 11.7% | ||
| Q2 24 | 14.2% | 8.6% | ||
| Q1 24 | 13.5% | 10.0% |
| Q4 25 | $1.21 | $1.97 | ||
| Q3 25 | $3.96 | $1.91 | ||
| Q2 25 | $2.94 | $1.56 | ||
| Q1 25 | $2.78 | $1.28 | ||
| Q4 24 | $0.08 | $1.80 | ||
| Q3 24 | $0.05 | $2.37 | ||
| Q2 24 | $2.66 | $1.70 | ||
| Q1 24 | $2.70 | $1.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | $1.3B |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $3.3B | $3.7B |
| Total Assets | $22.7B | $4.9B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $1.3B | ||
| Q3 25 | $3.8B | $1.2B | ||
| Q2 25 | $3.8B | $1.0B | ||
| Q1 25 | $4.2B | $1.2B | ||
| Q4 24 | $4.0B | $1.3B | ||
| Q3 24 | $3.5B | $2.1B | ||
| Q2 24 | $4.1B | $1.8B | ||
| Q1 24 | $3.8B | $2.0B |
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $3.7B | ||
| Q3 25 | $3.3B | $3.7B | ||
| Q2 25 | $3.2B | $3.7B | ||
| Q1 25 | $3.1B | $3.6B | ||
| Q4 24 | $3.1B | $3.6B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $3.2B | $3.4B | ||
| Q1 24 | $3.0B | $3.5B |
| Q4 25 | $22.7B | $4.9B | ||
| Q3 25 | $21.7B | $4.8B | ||
| Q2 25 | $21.8B | $4.7B | ||
| Q1 25 | $22.4B | $4.7B | ||
| Q4 24 | $22.9B | $4.8B | ||
| Q3 24 | $21.7B | $4.5B | ||
| Q2 24 | $22.1B | $4.2B | ||
| Q1 24 | $22.3B | $4.4B |
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 1.47× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $568.0M | $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.
| Q4 25 | $568.0M | $282.9M | ||
| Q3 25 | $605.0M | $294.7M | ||
| Q2 25 | $526.0M | $53.2M | ||
| Q1 25 | $393.0M | $24.2M | ||
| Q4 24 | $479.0M | $130.3M | ||
| Q3 24 | $456.0M | $242.0M | ||
| Q2 24 | $477.0M | $57.0M | ||
| Q1 24 | $447.0M | $129.9M |
| Q4 25 | — | $268.1M | ||
| Q3 25 | — | $286.4M | ||
| Q2 25 | — | $43.4M | ||
| Q1 25 | — | $14.8M | ||
| Q4 24 | — | $114.5M | ||
| Q3 24 | — | $237.0M | ||
| Q2 24 | — | $52.3M | ||
| Q1 24 | — | $123.2M |
| Q4 25 | — | 19.0% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | — | 10.6% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 2.59× | ||
| Q3 25 | 3.22× | 2.76× | ||
| Q2 25 | 3.78× | 0.60× | ||
| Q1 25 | 2.85× | 0.33× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | 228.00× | 1.77× | ||
| Q2 24 | 3.59× | 0.58× | ||
| Q1 24 | 3.34× | 1.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
