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

Encompass Health Corp is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× EPAM Systems). Encompass Health Corp runs the higher net margin — 9.5% vs 7.8%, a 1.7% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 9.9%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $116.7M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 8.3%).

Encompass Health Corporation, formerly Amcare and HealthSouth, based in Birmingham, Alabama, is the United States's largest provider of inpatient rehabilitative services, offering facility-based care through its network of 173 inpatient rehabilitation hospitals located in 39 states and Puerto Rico. Encompass Health's hospitals focus on providing rehabilitative treatment and care to patients who are recovering from stroke and other neurological disorders, cardiac and pulmonary conditions, brai...

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.

EHC vs EPAM — Head-to-Head

Bigger by revenue
EHC
EHC
1.1× larger
EHC
$1.5B
$1.4B
EPAM
Growing faster (revenue YoY)
EPAM
EPAM
+2.8% gap
EPAM
12.8%
9.9%
EHC
Higher net margin
EHC
EHC
1.7% more per $
EHC
9.5%
7.8%
EPAM
More free cash flow
EPAM
EPAM
$151.4M more FCF
EPAM
$268.1M
$116.7M
EHC
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
8.3%
EHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EHC
EHC
EPAM
EPAM
Revenue
$1.5B
$1.4B
Net Profit
$146.1M
$109.4M
Gross Margin
30.1%
Operating Margin
16.7%
10.6%
Net Margin
9.5%
7.8%
Revenue YoY
9.9%
12.8%
Net Profit YoY
20.8%
5.9%
EPS (diluted)
$1.43
$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
EHC
EHC
EPAM
EPAM
Q4 25
$1.5B
$1.4B
Q3 25
$1.5B
$1.4B
Q2 25
$1.5B
$1.4B
Q1 25
$1.5B
$1.3B
Q4 24
$1.4B
$1.2B
Q3 24
$1.4B
$1.2B
Q2 24
$1.3B
$1.1B
Q1 24
$1.3B
$1.2B
Net Profit
EHC
EHC
EPAM
EPAM
Q4 25
$146.1M
$109.4M
Q3 25
$126.5M
$106.8M
Q2 25
$142.1M
$88.0M
Q1 25
$151.5M
$73.5M
Q4 24
$120.9M
$103.3M
Q3 24
$108.2M
$136.3M
Q2 24
$114.1M
$98.6M
Q1 24
$112.5M
$116.2M
Gross Margin
EHC
EHC
EPAM
EPAM
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%
Operating Margin
EHC
EHC
EPAM
EPAM
Q4 25
16.7%
10.6%
Q3 25
14.9%
10.4%
Q2 25
16.2%
9.3%
Q1 25
16.4%
7.6%
Q4 24
14.3%
10.9%
Q3 24
13.6%
15.2%
Q2 24
14.3%
10.5%
Q1 24
13.6%
9.5%
Net Margin
EHC
EHC
EPAM
EPAM
Q4 25
9.5%
7.8%
Q3 25
8.6%
7.7%
Q2 25
9.7%
6.5%
Q1 25
10.4%
5.6%
Q4 24
8.6%
8.3%
Q3 24
8.0%
11.7%
Q2 24
8.8%
8.6%
Q1 24
8.5%
10.0%
EPS (diluted)
EHC
EHC
EPAM
EPAM
Q4 25
$1.43
$1.97
Q3 25
$1.24
$1.91
Q2 25
$1.39
$1.56
Q1 25
$1.48
$1.28
Q4 24
$1.18
$1.80
Q3 24
$1.06
$2.37
Q2 24
$1.12
$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
EHC
EHC
EPAM
EPAM
Cash + ST InvestmentsLiquidity on hand
$72.2M
$1.3B
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$2.4B
$3.7B
Total Assets
$7.1B
$4.9B
Debt / EquityLower = less leverage
1.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EHC
EHC
EPAM
EPAM
Q4 25
$72.2M
$1.3B
Q3 25
$48.7M
$1.2B
Q2 25
$99.1M
$1.0B
Q1 25
$95.8M
$1.2B
Q4 24
$85.4M
$1.3B
Q3 24
$147.8M
$2.1B
Q2 24
$154.4M
$1.8B
Q1 24
$134.4M
$2.0B
Total Debt
EHC
EHC
EPAM
EPAM
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.4B
Q3 24
$2.3B
Q2 24
$2.7B
Q1 24
$2.7B
Stockholders' Equity
EHC
EHC
EPAM
EPAM
Q4 25
$2.4B
$3.7B
Q3 25
$2.4B
$3.7B
Q2 25
$2.3B
$3.7B
Q1 25
$2.2B
$3.6B
Q4 24
$2.1B
$3.6B
Q3 24
$2.0B
$3.6B
Q2 24
$1.8B
$3.4B
Q1 24
$1.7B
$3.5B
Total Assets
EHC
EHC
EPAM
EPAM
Q4 25
$7.1B
$4.9B
Q3 25
$6.9B
$4.8B
Q2 25
$6.8B
$4.7B
Q1 25
$6.6B
$4.7B
Q4 24
$6.5B
$4.8B
Q3 24
$6.5B
$4.5B
Q2 24
$6.4B
$4.2B
Q1 24
$6.2B
$4.4B
Debt / Equity
EHC
EHC
EPAM
EPAM
Q4 25
1.00×
Q3 25
1.01×
Q2 25
1.02×
Q1 25
1.08×
Q4 24
1.14×
Q3 24
1.20×
Q2 24
1.46×
Q1 24
1.54×

Cash Flow & Capital Efficiency

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

Metric
EHC
EHC
EPAM
EPAM
Operating Cash FlowLast quarter
$346.0M
$282.9M
Free Cash FlowOCF − Capex
$116.7M
$268.1M
FCF MarginFCF / Revenue
7.6%
19.0%
Capex IntensityCapex / Revenue
14.8%
1.1%
Cash ConversionOCF / Net Profit
2.37×
2.59×
TTM Free Cash FlowTrailing 4 quarters
$439.2M
$612.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EHC
EHC
EPAM
EPAM
Q4 25
$346.0M
$282.9M
Q3 25
$270.8M
$294.7M
Q2 25
$270.2M
$53.2M
Q1 25
$288.6M
$24.2M
Q4 24
$278.8M
$130.3M
Q3 24
$267.8M
$242.0M
Q2 24
$217.4M
$57.0M
Q1 24
$238.8M
$129.9M
Free Cash Flow
EHC
EHC
EPAM
EPAM
Q4 25
$116.7M
$268.1M
Q3 25
$83.7M
$286.4M
Q2 25
$113.3M
$43.4M
Q1 25
$125.5M
$14.8M
Q4 24
$80.1M
$114.5M
Q3 24
$120.3M
$237.0M
Q2 24
$60.5M
$52.3M
Q1 24
$99.4M
$123.2M
FCF Margin
EHC
EHC
EPAM
EPAM
Q4 25
7.6%
19.0%
Q3 25
5.7%
20.5%
Q2 25
7.8%
3.2%
Q1 25
8.6%
1.1%
Q4 24
5.7%
9.2%
Q3 24
8.9%
20.3%
Q2 24
4.6%
4.6%
Q1 24
7.6%
10.6%
Capex Intensity
EHC
EHC
EPAM
EPAM
Q4 25
14.8%
1.1%
Q3 25
12.7%
0.6%
Q2 25
10.8%
0.7%
Q1 25
11.2%
0.7%
Q4 24
14.1%
1.3%
Q3 24
10.9%
0.4%
Q2 24
12.1%
0.4%
Q1 24
10.6%
0.6%
Cash Conversion
EHC
EHC
EPAM
EPAM
Q4 25
2.37×
2.59×
Q3 25
2.14×
2.76×
Q2 25
1.90×
0.60×
Q1 25
1.90×
0.33×
Q4 24
2.31×
1.26×
Q3 24
2.48×
1.77×
Q2 24
1.91×
0.58×
Q1 24
2.12×
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EHC
EHC

Medicare$1.0B66%
Medicare Advantage$243.1M16%
Managed Care$160.7M10%
Medicaid$47.0M3%
Other Income Source$44.8M3%
Other Thirdparty Payors$11.2M1%
Workers Compensation$7.6M0%
Patients$4.6M0%

EPAM
EPAM

Segment breakdown not available.

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