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Side-by-side financial comparison of Celanese Corp (CE) and EPAM Systems (EPAM). Click either name above to swap in a different company.

Celanese Corp is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs 0.6%, a 7.1% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -7.0%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $168.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -8.1%).

Celanese Corporation, formerly known as Hoechst Celanese, is an American technology and specialty materials company headquartered in Irving, Texas. It is a Fortune 500 corporation. The company is the world's leading producer of acetic acid, producing about 1.95 million tonnes per year, representing approximately 20% of global production. Celanese is also the world's largest producer of vinyl acetate monomer (VAM).

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.

CE vs EPAM — Head-to-Head

Bigger by revenue
CE
CE
1.6× larger
CE
$2.2B
$1.4B
EPAM
Growing faster (revenue YoY)
EPAM
EPAM
+19.8% gap
EPAM
12.8%
-7.0%
CE
Higher net margin
EPAM
EPAM
7.1% more per $
EPAM
7.8%
0.6%
CE
More free cash flow
EPAM
EPAM
$100.1M more FCF
EPAM
$268.1M
$168.0M
CE
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
-8.1%
CE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CE
CE
EPAM
EPAM
Revenue
$2.2B
$1.4B
Net Profit
$14.0M
$109.4M
Gross Margin
19.1%
30.1%
Operating Margin
4.0%
10.6%
Net Margin
0.6%
7.8%
Revenue YoY
-7.0%
12.8%
Net Profit YoY
100.7%
5.9%
EPS (diluted)
$0.13
$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.

Revenue
CE
CE
EPAM
EPAM
Q4 25
$2.2B
$1.4B
Q3 25
$2.4B
$1.4B
Q2 25
$2.5B
$1.4B
Q1 25
$2.4B
$1.3B
Q4 24
$2.4B
$1.2B
Q3 24
$2.6B
$1.2B
Q2 24
$2.7B
$1.1B
Q1 24
$2.6B
$1.2B
Net Profit
CE
CE
EPAM
EPAM
Q4 25
$14.0M
$109.4M
Q3 25
$-1.4B
$106.8M
Q2 25
$199.0M
$88.0M
Q1 25
$-21.0M
$73.5M
Q4 24
$-1.9B
$103.3M
Q3 24
$116.0M
$136.3M
Q2 24
$155.0M
$98.6M
Q1 24
$121.0M
$116.2M
Gross Margin
CE
CE
EPAM
EPAM
Q4 25
19.1%
30.1%
Q3 25
21.5%
29.5%
Q2 25
21.1%
28.8%
Q1 25
19.9%
26.9%
Q4 24
22.7%
30.4%
Q3 24
23.5%
34.6%
Q2 24
24.2%
29.3%
Q1 24
21.2%
28.4%
Operating Margin
CE
CE
EPAM
EPAM
Q4 25
4.0%
10.6%
Q3 25
-52.7%
10.4%
Q2 25
9.2%
9.3%
Q1 25
7.0%
7.6%
Q4 24
-59.3%
10.9%
Q3 24
9.4%
15.2%
Q2 24
9.4%
10.5%
Q1 24
8.0%
9.5%
Net Margin
CE
CE
EPAM
EPAM
Q4 25
0.6%
7.8%
Q3 25
-56.1%
7.7%
Q2 25
7.9%
6.5%
Q1 25
-0.9%
5.6%
Q4 24
-80.8%
8.3%
Q3 24
4.4%
11.7%
Q2 24
5.8%
8.6%
Q1 24
4.6%
10.0%
EPS (diluted)
CE
CE
EPAM
EPAM
Q4 25
$0.13
$1.97
Q3 25
$-12.39
$1.91
Q2 25
$1.81
$1.56
Q1 25
$-0.19
$1.28
Q4 24
$-17.50
$1.80
Q3 24
$1.06
$2.37
Q2 24
$1.41
$1.70
Q1 24
$1.10
$1.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CE
CE
EPAM
EPAM
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$11.4B
Stockholders' EquityBook value
$4.0B
$3.7B
Total Assets
$21.7B
$4.9B
Debt / EquityLower = less leverage
2.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CE
CE
EPAM
EPAM
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$2.1B
Q2 24
$1.8B
Q1 24
$2.0B
Total Debt
CE
CE
EPAM
EPAM
Q4 25
$11.4B
Q3 25
$11.7B
Q2 25
$12.7B
Q1 25
$12.4B
Q4 24
$11.1B
Q3 24
$11.3B
Q2 24
$11.1B
Q1 24
$11.0B
Stockholders' Equity
CE
CE
EPAM
EPAM
Q4 25
$4.0B
$3.7B
Q3 25
$4.0B
$3.7B
Q2 25
$5.3B
$3.7B
Q1 25
$5.2B
$3.6B
Q4 24
$5.2B
$3.6B
Q3 24
$7.3B
$3.6B
Q2 24
$7.2B
$3.4B
Q1 24
$7.1B
$3.5B
Total Assets
CE
CE
EPAM
EPAM
Q4 25
$21.7B
$4.9B
Q3 25
$22.2B
$4.8B
Q2 25
$23.7B
$4.7B
Q1 25
$23.2B
$4.7B
Q4 24
$22.9B
$4.8B
Q3 24
$25.9B
$4.5B
Q2 24
$25.8B
$4.2B
Q1 24
$26.0B
$4.4B
Debt / Equity
CE
CE
EPAM
EPAM
Q4 25
2.81×
Q3 25
2.95×
Q2 25
2.41×
Q1 25
2.39×
Q4 24
2.14×
Q3 24
1.56×
Q2 24
1.54×
Q1 24
1.56×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CE
CE
EPAM
EPAM
Operating Cash FlowLast quarter
$252.0M
$282.9M
Free Cash FlowOCF − Capex
$168.0M
$268.1M
FCF MarginFCF / Revenue
7.6%
19.0%
Capex IntensityCapex / Revenue
3.8%
1.1%
Cash ConversionOCF / Net Profit
18.00×
2.59×
TTM Free Cash FlowTrailing 4 quarters
$803.0M
$612.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CE
CE
EPAM
EPAM
Q4 25
$252.0M
$282.9M
Q3 25
$447.0M
$294.7M
Q2 25
$410.0M
$53.2M
Q1 25
$37.0M
$24.2M
Q4 24
$494.0M
$130.3M
Q3 24
$79.0M
$242.0M
Q2 24
$292.0M
$57.0M
Q1 24
$101.0M
$129.9M
Free Cash Flow
CE
CE
EPAM
EPAM
Q4 25
$168.0M
$268.1M
Q3 25
$383.0M
$286.4M
Q2 25
$317.0M
$43.4M
Q1 25
$-65.0M
$14.8M
Q4 24
$389.0M
$114.5M
Q3 24
$-9.0M
$237.0M
Q2 24
$187.0M
$52.3M
Q1 24
$-36.0M
$123.2M
FCF Margin
CE
CE
EPAM
EPAM
Q4 25
7.6%
19.0%
Q3 25
15.8%
20.5%
Q2 25
12.5%
3.2%
Q1 25
-2.7%
1.1%
Q4 24
16.4%
9.2%
Q3 24
-0.3%
20.3%
Q2 24
7.1%
4.6%
Q1 24
-1.4%
10.6%
Capex Intensity
CE
CE
EPAM
EPAM
Q4 25
3.8%
1.1%
Q3 25
2.6%
0.6%
Q2 25
3.7%
0.7%
Q1 25
4.3%
0.7%
Q4 24
4.4%
1.3%
Q3 24
3.3%
0.4%
Q2 24
4.0%
0.4%
Q1 24
5.2%
0.6%
Cash Conversion
CE
CE
EPAM
EPAM
Q4 25
18.00×
2.59×
Q3 25
2.76×
Q2 25
2.06×
0.60×
Q1 25
0.33×
Q4 24
1.26×
Q3 24
0.68×
1.77×
Q2 24
1.88×
0.58×
Q1 24
0.83×
1.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CE
CE

Engineered Materials$1.3B58%
Acetyl Chain$940.0M43%

EPAM
EPAM

Segment breakdown not available.

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