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Side-by-side financial comparison of Coca-Cola Consolidated, Inc. (COKE) and EPAM Systems (EPAM). Click either name above to swap in a different company.

Coca-Cola Consolidated, Inc. is the larger business by last-quarter revenue ($1.9B vs $1.4B, roughly 1.4× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs 7.2%, a 0.6% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 9.0%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $106.7M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 9.4%).

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.

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.

COKE vs EPAM — Head-to-Head

Bigger by revenue
COKE
COKE
1.4× larger
COKE
$1.9B
$1.4B
EPAM
Growing faster (revenue YoY)
EPAM
EPAM
+3.7% gap
EPAM
12.8%
9.0%
COKE
Higher net margin
EPAM
EPAM
0.6% more per $
EPAM
7.8%
7.2%
COKE
More free cash flow
EPAM
EPAM
$161.4M more FCF
EPAM
$268.1M
$106.7M
COKE
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
9.4%
COKE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COKE
COKE
EPAM
EPAM
Revenue
$1.9B
$1.4B
Net Profit
$137.3M
$109.4M
Gross Margin
39.6%
30.1%
Operating Margin
12.7%
10.6%
Net Margin
7.2%
7.8%
Revenue YoY
9.0%
12.8%
Net Profit YoY
-23.3%
5.9%
EPS (diluted)
$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
COKE
COKE
EPAM
EPAM
Q4 25
$1.9B
$1.4B
Q3 25
$1.9B
$1.4B
Q2 25
$1.9B
$1.4B
Q1 25
$1.6B
$1.3B
Q4 24
$1.7B
$1.2B
Q3 24
$1.8B
$1.2B
Q2 24
$1.8B
$1.1B
Q1 24
$1.6B
$1.2B
Net Profit
COKE
COKE
EPAM
EPAM
Q4 25
$137.3M
$109.4M
Q3 25
$142.3M
$106.8M
Q2 25
$187.4M
$88.0M
Q1 25
$103.6M
$73.5M
Q4 24
$178.9M
$103.3M
Q3 24
$115.6M
$136.3M
Q2 24
$172.8M
$98.6M
Q1 24
$165.7M
$116.2M
Gross Margin
COKE
COKE
EPAM
EPAM
Q4 25
39.6%
30.1%
Q3 25
39.6%
29.5%
Q2 25
40.0%
28.8%
Q1 25
39.7%
26.9%
Q4 24
40.0%
30.4%
Q3 24
39.5%
34.6%
Q2 24
39.9%
29.3%
Q1 24
40.2%
28.4%
Operating Margin
COKE
COKE
EPAM
EPAM
Q4 25
12.7%
10.6%
Q3 25
13.1%
10.4%
Q2 25
14.7%
9.3%
Q1 25
12.0%
7.6%
Q4 24
12.5%
10.9%
Q3 24
12.9%
15.2%
Q2 24
14.4%
10.5%
Q1 24
13.5%
9.5%
Net Margin
COKE
COKE
EPAM
EPAM
Q4 25
7.2%
7.8%
Q3 25
7.5%
7.7%
Q2 25
10.1%
6.5%
Q1 25
6.6%
5.6%
Q4 24
10.2%
8.3%
Q3 24
6.5%
11.7%
Q2 24
9.6%
8.6%
Q1 24
10.4%
10.0%
EPS (diluted)
COKE
COKE
EPAM
EPAM
Q4 25
$1.97
Q3 25
$1.91
Q2 25
$1.56
Q1 25
$1.28
Q4 24
$1.80
Q3 24
$2.37
Q2 24
$1.70
Q1 24
$1.97

Balance Sheet & Financial Strength

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

Metric
COKE
COKE
EPAM
EPAM
Cash + ST InvestmentsLiquidity on hand
$281.9M
$1.3B
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$-739.7M
$3.7B
Total Assets
$4.3B
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COKE
COKE
EPAM
EPAM
Q4 25
$281.9M
$1.3B
Q3 25
$1.5B
$1.2B
Q2 25
$1.2B
$1.0B
Q1 25
$1.2B
$1.2B
Q4 24
$1.1B
$1.3B
Q3 24
$1.2B
$2.1B
Q2 24
$1.7B
$1.8B
Q1 24
$401.3M
$2.0B
Total Debt
COKE
COKE
EPAM
EPAM
Q4 25
$2.8B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Q1 24
$599.3M
Stockholders' Equity
COKE
COKE
EPAM
EPAM
Q4 25
$-739.7M
$3.7B
Q3 25
$1.6B
$3.7B
Q2 25
$1.6B
$3.7B
Q1 25
$1.5B
$3.6B
Q4 24
$1.4B
$3.6B
Q3 24
$1.3B
$3.6B
Q2 24
$1.2B
$3.4B
Q1 24
$1.6B
$3.5B
Total Assets
COKE
COKE
EPAM
EPAM
Q4 25
$4.3B
$4.9B
Q3 25
$5.7B
$4.8B
Q2 25
$5.5B
$4.7B
Q1 25
$5.4B
$4.7B
Q4 24
$5.3B
$4.8B
Q3 24
$5.3B
$4.5B
Q2 24
$5.7B
$4.2B
Q1 24
$4.3B
$4.4B
Debt / Equity
COKE
COKE
EPAM
EPAM
Q4 25
Q3 25
1.09×
Q2 25
1.10×
Q1 25
1.19×
Q4 24
1.26×
Q3 24
1.39×
Q2 24
1.49×
Q1 24
0.37×

Cash Flow & Capital Efficiency

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

Metric
COKE
COKE
EPAM
EPAM
Operating Cash FlowLast quarter
$209.0M
$282.9M
Free Cash FlowOCF − Capex
$106.7M
$268.1M
FCF MarginFCF / Revenue
5.6%
19.0%
Capex IntensityCapex / Revenue
5.4%
1.1%
Cash ConversionOCF / Net Profit
1.52×
2.59×
TTM Free Cash FlowTrailing 4 quarters
$619.6M
$612.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COKE
COKE
EPAM
EPAM
Q4 25
$209.0M
$282.9M
Q3 25
$316.7M
$294.7M
Q2 25
$208.1M
$53.2M
Q1 25
$198.2M
$24.2M
Q4 24
$168.5M
$130.3M
Q3 24
$270.8M
$242.0M
Q2 24
$242.9M
$57.0M
Q1 24
$194.3M
$129.9M
Free Cash Flow
COKE
COKE
EPAM
EPAM
Q4 25
$106.7M
$268.1M
Q3 25
$264.1M
$286.4M
Q2 25
$148.5M
$43.4M
Q1 25
$100.3M
$14.8M
Q4 24
$84.8M
$114.5M
Q3 24
$142.8M
$237.0M
Q2 24
$160.5M
$52.3M
Q1 24
$117.2M
$123.2M
FCF Margin
COKE
COKE
EPAM
EPAM
Q4 25
5.6%
19.0%
Q3 25
14.0%
20.5%
Q2 25
8.0%
3.2%
Q1 25
6.3%
1.1%
Q4 24
4.9%
9.2%
Q3 24
8.1%
20.3%
Q2 24
8.9%
4.6%
Q1 24
7.4%
10.6%
Capex Intensity
COKE
COKE
EPAM
EPAM
Q4 25
5.4%
1.1%
Q3 25
2.8%
0.6%
Q2 25
3.2%
0.7%
Q1 25
6.2%
0.7%
Q4 24
4.8%
1.3%
Q3 24
7.2%
0.4%
Q2 24
4.6%
0.4%
Q1 24
4.8%
0.6%
Cash Conversion
COKE
COKE
EPAM
EPAM
Q4 25
1.52×
2.59×
Q3 25
2.22×
2.76×
Q2 25
1.11×
0.60×
Q1 25
1.91×
0.33×
Q4 24
0.94×
1.26×
Q3 24
2.34×
1.77×
Q2 24
1.41×
0.58×
Q1 24
1.17×
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COKE
COKE

Transferred At Point In Time$1.9B99%
Transferred Over Time$15.1M1%

EPAM
EPAM

Segment breakdown not available.

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