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Side-by-side financial comparison of EPAM Systems (EPAM) and Evercore Inc. (EVR). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× Evercore Inc.). Evercore Inc. runs the higher net margin — 23.0% vs 7.8%, a 15.3% gap on every dollar of revenue. On growth, Evercore Inc. posted the faster year-over-year revenue change (100.3% vs 12.8%). Over the past eight quarters, Evercore Inc.'s revenue compounded faster (42.2% 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.
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.
EPAM vs EVR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $109.4M | $322.7M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | — |
| Net Margin | 7.8% | 23.0% |
| Revenue YoY | 12.8% | 100.3% |
| Net Profit YoY | 5.9% | 106.1% |
| EPS (diluted) | $1.97 | $7.20 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $838.0M | ||
| Q1 25 | $1.3B | $699.0M | ||
| Q4 24 | $1.2B | $979.5M | ||
| Q3 24 | $1.2B | $738.4M | ||
| Q2 24 | $1.1B | $693.4M |
| Q1 26 | — | $322.7M | ||
| Q4 25 | $109.4M | $204.0M | ||
| Q3 25 | $106.8M | $144.6M | ||
| Q2 25 | $88.0M | $97.2M | ||
| Q1 25 | $73.5M | $146.2M | ||
| Q4 24 | $103.3M | $140.4M | ||
| Q3 24 | $136.3M | $78.4M | ||
| Q2 24 | $98.6M | $73.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 10.6% | 24.2% | ||
| Q3 25 | 10.4% | 20.8% | ||
| Q2 25 | 9.3% | 18.0% | ||
| Q1 25 | 7.6% | 16.0% | ||
| Q4 24 | 10.9% | 21.8% | ||
| Q3 24 | 15.2% | 16.7% | ||
| Q2 24 | 10.5% | 15.9% |
| Q1 26 | — | 23.0% | ||
| Q4 25 | 7.8% | 15.7% | ||
| Q3 25 | 7.7% | 13.8% | ||
| Q2 25 | 6.5% | 11.6% | ||
| Q1 25 | 5.6% | 20.9% | ||
| Q4 24 | 8.3% | 14.3% | ||
| Q3 24 | 11.7% | 10.6% | ||
| Q2 24 | 8.6% | 10.6% |
| Q1 26 | — | $7.20 | ||
| Q4 25 | $1.97 | $4.80 | ||
| Q3 25 | $1.91 | $3.41 | ||
| Q2 25 | $1.56 | $2.36 | ||
| Q1 25 | $1.28 | $3.48 | ||
| Q4 24 | $1.80 | $3.32 | ||
| Q3 24 | $2.37 | $1.86 | ||
| Q2 24 | $1.70 | $1.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | — |
| Total Assets | $4.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $3.0B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $1.8B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $2.0B | ||
| Q3 25 | $3.7B | $1.8B | ||
| Q2 25 | $3.7B | $1.7B | ||
| Q1 25 | $3.6B | $1.5B | ||
| Q4 24 | $3.6B | $1.7B | ||
| Q3 24 | $3.6B | $1.6B | ||
| Q2 24 | $3.4B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $5.4B | ||
| Q3 25 | $4.8B | $4.4B | ||
| Q2 25 | $4.7B | $3.7B | ||
| Q1 25 | $4.7B | $3.3B | ||
| Q4 24 | $4.8B | $4.2B | ||
| Q3 24 | $4.5B | $3.6B | ||
| Q2 24 | $4.2B | $3.3B |
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 | $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.
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $807.5M | ||
| Q3 25 | $294.7M | $560.9M | ||
| Q2 25 | $53.2M | $437.7M | ||
| Q1 25 | $24.2M | $-549.7M | ||
| Q4 24 | $130.3M | $686.4M | ||
| Q3 24 | $242.0M | $234.5M | ||
| Q2 24 | $57.0M | $348.5M |
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $798.6M | ||
| Q3 25 | $286.4M | $541.5M | ||
| Q2 25 | $43.4M | $411.7M | ||
| Q1 25 | $14.8M | $-569.3M | ||
| Q4 24 | $114.5M | $673.1M | ||
| Q3 24 | $237.0M | $226.6M | ||
| Q2 24 | $52.3M | $340.7M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 61.6% | ||
| Q3 25 | 20.5% | 51.8% | ||
| Q2 25 | 3.2% | 49.1% | ||
| Q1 25 | 1.1% | -81.4% | ||
| Q4 24 | 9.2% | 68.7% | ||
| Q3 24 | 20.3% | 30.7% | ||
| Q2 24 | 4.6% | 49.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.7% | ||
| Q3 25 | 0.6% | 1.9% | ||
| Q2 25 | 0.7% | 3.1% | ||
| Q1 25 | 0.7% | 2.8% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.4% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 3.96× | ||
| Q3 25 | 2.76× | 3.88× | ||
| Q2 25 | 0.60× | 4.50× | ||
| Q1 25 | 0.33× | -3.76× | ||
| Q4 24 | 1.26× | 4.89× | ||
| Q3 24 | 1.77× | 2.99× | ||
| Q2 24 | 0.58× | 4.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
EVR
| Advisory Fees (1) | $1.2B | 89% |
| Commissions and Related Revenue | $62.7M | 4% |
| Underwriting Fees | $55.1M | 4% |
| Asset Management and Administration Fees (2) | $23.7M | 2% |
| Other Revenue, net | $15.4M | 1% |
