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Side-by-side financial comparison of EPAM Systems (EPAM) and Evergy (EVRG). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Evergy). EPAM Systems runs the higher net margin — 7.8% vs 6.5%, a 1.2% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 5.3%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $-530.5M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 0.4%).
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.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
EPAM vs EVRG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.3B |
| Net Profit | $109.4M | $84.3M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 18.5% |
| Net Margin | 7.8% | 6.5% |
| Revenue YoY | 12.8% | 5.3% |
| Net Profit YoY | 5.9% | 7.8% |
| EPS (diluted) | $1.97 | $0.35 |
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.
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $109.4M | $84.3M | ||
| Q3 25 | $106.8M | $475.0M | ||
| Q2 25 | $88.0M | $171.3M | ||
| Q1 25 | $73.5M | $125.0M | ||
| Q4 24 | $103.3M | $78.2M | ||
| Q3 24 | $136.3M | $465.6M | ||
| Q2 24 | $98.6M | $207.0M | ||
| Q1 24 | $116.2M | $122.7M |
| 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% | — |
| Q4 25 | 10.6% | 18.5% | ||
| Q3 25 | 10.4% | 37.3% | ||
| Q2 25 | 9.3% | 25.4% | ||
| Q1 25 | 7.6% | 22.5% | ||
| Q4 24 | 10.9% | 18.1% | ||
| Q3 24 | 15.2% | 35.1% | ||
| Q2 24 | 10.5% | 25.4% | ||
| Q1 24 | 9.5% | 20.3% |
| Q4 25 | 7.8% | 6.5% | ||
| Q3 25 | 7.7% | 26.9% | ||
| Q2 25 | 6.5% | 12.6% | ||
| Q1 25 | 5.6% | 9.7% | ||
| Q4 24 | 8.3% | 6.4% | ||
| Q3 24 | 11.7% | 26.0% | ||
| Q2 24 | 8.6% | 14.7% | ||
| Q1 24 | 10.0% | 9.6% |
| Q4 25 | $1.97 | $0.35 | ||
| Q3 25 | $1.91 | $2.03 | ||
| Q2 25 | $1.56 | $0.74 | ||
| Q1 25 | $1.28 | $0.54 | ||
| Q4 24 | $1.80 | $0.34 | ||
| Q3 24 | $2.37 | $2.02 | ||
| Q2 24 | $1.70 | $0.90 | ||
| Q1 24 | $1.97 | $0.53 |
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 | $19.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $10.2B |
| Total Assets | $4.9B | $33.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $19.8M | ||
| Q3 25 | $1.2B | $27.5M | ||
| Q2 25 | $1.0B | $27.8M | ||
| Q1 25 | $1.2B | $35.3M | ||
| Q4 24 | $1.3B | $22.0M | ||
| Q3 24 | $2.1B | $34.6M | ||
| Q2 24 | $1.8B | $26.1M | ||
| Q1 24 | $2.0B | $63.7M |
| Q4 25 | $3.7B | $10.2B | ||
| Q3 25 | $3.7B | $10.3B | ||
| Q2 25 | $3.7B | $10.0B | ||
| Q1 25 | $3.6B | $9.9B | ||
| Q4 24 | $3.6B | $10.0B | ||
| Q3 24 | $3.6B | $10.0B | ||
| Q2 24 | $3.4B | $9.7B | ||
| Q1 24 | $3.5B | $9.6B |
| Q4 25 | $4.9B | $33.9B | ||
| Q3 25 | $4.8B | $33.4B | ||
| Q2 25 | $4.7B | $32.9B | ||
| Q1 25 | $4.7B | $32.5B | ||
| Q4 24 | $4.8B | $32.3B | ||
| Q3 24 | $4.5B | $32.1B | ||
| Q2 24 | $4.2B | $31.8B | ||
| Q1 24 | $4.4B | $31.3B |
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 | $334.0M |
| Free Cash FlowOCF − Capex | $268.1M | $-530.5M |
| FCF MarginFCF / Revenue | 19.0% | -41.1% |
| Capex IntensityCapex / Revenue | 1.1% | 66.9% |
| Cash ConversionOCF / Net Profit | 2.59× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $334.0M | ||
| Q3 25 | $294.7M | $937.7M | ||
| Q2 25 | $53.2M | $323.9M | ||
| Q1 25 | $24.2M | $449.6M | ||
| Q4 24 | $130.3M | $395.6M | ||
| Q3 24 | $242.0M | $953.3M | ||
| Q2 24 | $57.0M | $317.5M | ||
| Q1 24 | $129.9M | $317.3M |
| Q4 25 | $268.1M | $-530.5M | ||
| Q3 25 | $286.4M | $225.4M | ||
| Q2 25 | $43.4M | $-303.4M | ||
| Q1 25 | $14.8M | $-143.2M | ||
| Q4 24 | $114.5M | $-118.6M | ||
| Q3 24 | $237.0M | $427.0M | ||
| Q2 24 | $52.3M | $-360.0M | ||
| Q1 24 | $123.2M | $-301.3M |
| Q4 25 | 19.0% | -41.1% | ||
| Q3 25 | 20.5% | 12.8% | ||
| Q2 25 | 3.2% | -22.4% | ||
| Q1 25 | 1.1% | -11.1% | ||
| Q4 24 | 9.2% | -9.7% | ||
| Q3 24 | 20.3% | 23.9% | ||
| Q2 24 | 4.6% | -25.6% | ||
| Q1 24 | 10.6% | -23.5% |
| Q4 25 | 1.1% | 66.9% | ||
| Q3 25 | 0.6% | 40.4% | ||
| Q2 25 | 0.7% | 46.3% | ||
| Q1 25 | 0.7% | 45.8% | ||
| Q4 24 | 1.3% | 41.9% | ||
| Q3 24 | 0.4% | 29.4% | ||
| Q2 24 | 0.4% | 48.1% | ||
| Q1 24 | 0.6% | 48.3% |
| Q4 25 | 2.59× | 3.96× | ||
| Q3 25 | 2.76× | 1.97× | ||
| Q2 25 | 0.60× | 1.89× | ||
| Q1 25 | 0.33× | 3.60× | ||
| Q4 24 | 1.26× | 5.06× | ||
| Q3 24 | 1.77× | 2.05× | ||
| Q2 24 | 0.58× | 1.53× | ||
| Q1 24 | 1.12× | 2.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
