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Side-by-side financial comparison of Everus Construction Group, Inc. (ECG) 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 $1.0B, roughly 1.4× Everus Construction Group, Inc.). EPAM Systems runs the higher net margin — 7.8% vs 5.5%, a 2.3% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 12.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $23.5M). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% CAGR vs 9.9%).

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.

ECG vs EPAM — Head-to-Head

Bigger by revenue
EPAM
EPAM
1.4× larger
EPAM
$1.4B
$1.0B
ECG
Growing faster (revenue YoY)
ECG
ECG
+20.4% gap
ECG
33.2%
12.8%
EPAM
Higher net margin
EPAM
EPAM
2.3% more per $
EPAM
7.8%
5.5%
ECG
More free cash flow
EPAM
EPAM
$244.6M more FCF
EPAM
$268.1M
$23.5M
ECG
Faster 2-yr revenue CAGR
ECG
ECG
Annualised
ECG
27.1%
9.9%
EPAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECG
ECG
EPAM
EPAM
Revenue
$1.0B
$1.4B
Net Profit
$55.3M
$109.4M
Gross Margin
11.6%
30.1%
Operating Margin
6.8%
10.6%
Net Margin
5.5%
7.8%
Revenue YoY
33.2%
12.8%
Net Profit YoY
60.4%
5.9%
EPS (diluted)
$1.09
$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
ECG
ECG
EPAM
EPAM
Q4 25
$1.0B
$1.4B
Q3 25
$986.8M
$1.4B
Q2 25
$921.5M
$1.4B
Q1 25
$826.6M
$1.3B
Q4 24
$759.6M
$1.2B
Q3 24
$761.0M
$1.2B
Q2 24
$703.4M
$1.1B
Q1 24
$625.7M
$1.2B
Net Profit
ECG
ECG
EPAM
EPAM
Q4 25
$55.3M
$109.4M
Q3 25
$57.0M
$106.8M
Q2 25
$52.8M
$88.0M
Q1 25
$36.7M
$73.5M
Q4 24
$34.5M
$103.3M
Q3 24
$41.8M
$136.3M
Q2 24
$39.0M
$98.6M
Q1 24
$28.2M
$116.2M
Gross Margin
ECG
ECG
EPAM
EPAM
Q4 25
11.6%
30.1%
Q3 25
12.6%
29.5%
Q2 25
13.0%
28.8%
Q1 25
11.2%
26.9%
Q4 24
11.4%
30.4%
Q3 24
11.8%
34.6%
Q2 24
12.6%
29.3%
Q1 24
11.9%
28.4%
Operating Margin
ECG
ECG
EPAM
EPAM
Q4 25
6.8%
10.6%
Q3 25
7.3%
10.4%
Q2 25
7.9%
9.3%
Q1 25
6.2%
7.6%
Q4 24
6.1%
10.9%
Q3 24
7.1%
15.2%
Q2 24
7.3%
10.5%
Q1 24
6.2%
9.5%
Net Margin
ECG
ECG
EPAM
EPAM
Q4 25
5.5%
7.8%
Q3 25
5.8%
7.7%
Q2 25
5.7%
6.5%
Q1 25
4.4%
5.6%
Q4 24
4.5%
8.3%
Q3 24
5.5%
11.7%
Q2 24
5.5%
8.6%
Q1 24
4.5%
10.0%
EPS (diluted)
ECG
ECG
EPAM
EPAM
Q4 25
$1.09
$1.97
Q3 25
$1.11
$1.91
Q2 25
$1.03
$1.56
Q1 25
$0.72
$1.28
Q4 24
$0.68
$1.80
Q3 24
$0.82
$2.37
Q2 24
$0.76
$1.70
Q1 24
$0.55
$1.97

Balance Sheet & Financial Strength

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

Metric
ECG
ECG
EPAM
EPAM
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$281.5M
Stockholders' EquityBook value
$629.8M
$3.7B
Total Assets
$1.7B
$4.9B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECG
ECG
EPAM
EPAM
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$553.0K
$2.1B
Q2 24
$1.8B
Q1 24
$2.0B
Total Debt
ECG
ECG
EPAM
EPAM
Q4 25
$281.5M
Q3 25
$285.1M
Q2 25
$288.6M
Q1 25
$292.1M
Q4 24
$295.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ECG
ECG
EPAM
EPAM
Q4 25
$629.8M
$3.7B
Q3 25
$573.0M
$3.7B
Q2 25
$514.4M
$3.7B
Q1 25
$460.2M
$3.6B
Q4 24
$422.6M
$3.6B
Q3 24
$453.3M
$3.6B
Q2 24
$490.0M
$3.4B
Q1 24
$464.3M
$3.5B
Total Assets
ECG
ECG
EPAM
EPAM
Q4 25
$1.7B
$4.9B
Q3 25
$1.6B
$4.8B
Q2 25
$1.5B
$4.7B
Q1 25
$1.4B
$4.7B
Q4 24
$1.3B
$4.8B
Q3 24
$1.3B
$4.5B
Q2 24
$4.2B
Q1 24
$4.4B
Debt / Equity
ECG
ECG
EPAM
EPAM
Q4 25
0.45×
Q3 25
0.50×
Q2 25
0.56×
Q1 25
0.63×
Q4 24
0.70×
Q3 24
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
ECG
ECG
EPAM
EPAM
Operating Cash FlowLast quarter
$48.2M
$282.9M
Free Cash FlowOCF − Capex
$23.5M
$268.1M
FCF MarginFCF / Revenue
2.3%
19.0%
Capex IntensityCapex / Revenue
2.4%
1.1%
Cash ConversionOCF / Net Profit
0.87×
2.59×
TTM Free Cash FlowTrailing 4 quarters
$90.0M
$612.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECG
ECG
EPAM
EPAM
Q4 25
$48.2M
$282.9M
Q3 25
$76.2M
$294.7M
Q2 25
$25.3M
$53.2M
Q1 25
$7.1M
$24.2M
Q4 24
$130.3M
Q3 24
$78.9M
$242.0M
Q2 24
$57.0M
Q1 24
$21.9M
$129.9M
Free Cash Flow
ECG
ECG
EPAM
EPAM
Q4 25
$23.5M
$268.1M
Q3 25
$65.7M
$286.4M
Q2 25
$12.3M
$43.4M
Q1 25
$-11.4M
$14.8M
Q4 24
$114.5M
Q3 24
$60.9M
$237.0M
Q2 24
$52.3M
Q1 24
$12.6M
$123.2M
FCF Margin
ECG
ECG
EPAM
EPAM
Q4 25
2.3%
19.0%
Q3 25
6.7%
20.5%
Q2 25
1.3%
3.2%
Q1 25
-1.4%
1.1%
Q4 24
9.2%
Q3 24
8.0%
20.3%
Q2 24
4.6%
Q1 24
2.0%
10.6%
Capex Intensity
ECG
ECG
EPAM
EPAM
Q4 25
2.4%
1.1%
Q3 25
1.1%
0.6%
Q2 25
1.4%
0.7%
Q1 25
2.2%
0.7%
Q4 24
1.3%
Q3 24
2.4%
0.4%
Q2 24
0.4%
Q1 24
1.5%
0.6%
Cash Conversion
ECG
ECG
EPAM
EPAM
Q4 25
0.87×
2.59×
Q3 25
1.34×
2.76×
Q2 25
0.48×
0.60×
Q1 25
0.19×
0.33×
Q4 24
1.26×
Q3 24
1.89×
1.77×
Q2 24
0.58×
Q1 24
0.77×
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECG
ECG

Commercial$594.5M59%
Utility$203.5M20%
Industrial$82.8M8%
Institutional$66.1M7%
Service And Other$28.4M3%
Transportation$24.2M2%
Renewables$19.8M2%

EPAM
EPAM

Segment breakdown not available.

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