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Side-by-side financial comparison of EPAM Systems (EPAM) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $888.0M, roughly 1.6× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 7.8%, a 21.6% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 12.8%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $268.1M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% 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.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
EPAM vs FHN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $888.0M |
| Net Profit | $109.4M | $261.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 38.5% |
| Net Margin | 7.8% | 29.4% |
| Revenue YoY | 12.8% | 21.8% |
| Net Profit YoY | 5.9% | 57.2% |
| EPS (diluted) | $1.97 | $0.51 |
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 | $888.0M | ||
| Q3 25 | $1.4B | $889.0M | ||
| Q2 25 | $1.4B | $830.0M | ||
| Q1 25 | $1.3B | $812.0M | ||
| Q4 24 | $1.2B | $729.0M | ||
| Q3 24 | $1.2B | $827.0M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | $819.0M |
| Q4 25 | $109.4M | $261.0M | ||
| Q3 25 | $106.8M | $262.0M | ||
| Q2 25 | $88.0M | $241.0M | ||
| Q1 25 | $73.5M | $218.0M | ||
| Q4 24 | $103.3M | $166.0M | ||
| Q3 24 | $136.3M | $218.0M | ||
| Q2 24 | $98.6M | — | ||
| Q1 24 | $116.2M | $192.0M |
| 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% | 38.5% | ||
| Q3 25 | 10.4% | 38.7% | ||
| Q2 25 | 9.3% | 37.2% | ||
| Q1 25 | 7.6% | 35.1% | ||
| Q4 24 | 10.9% | 28.8% | ||
| Q3 24 | 15.2% | 34.0% | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 9.5% | 31.0% |
| Q4 25 | 7.8% | 29.4% | ||
| Q3 25 | 7.7% | 29.5% | ||
| Q2 25 | 6.5% | 29.0% | ||
| Q1 25 | 5.6% | 26.8% | ||
| Q4 24 | 8.3% | 22.8% | ||
| Q3 24 | 11.7% | 26.4% | ||
| Q2 24 | 8.6% | — | ||
| Q1 24 | 10.0% | 23.4% |
| Q4 25 | $1.97 | $0.51 | ||
| Q3 25 | $1.91 | $0.50 | ||
| Q2 25 | $1.56 | $0.45 | ||
| Q1 25 | $1.28 | $0.41 | ||
| Q4 24 | $1.80 | $0.29 | ||
| Q3 24 | $2.37 | $0.40 | ||
| Q2 24 | $1.70 | — | ||
| Q1 24 | $1.97 | $0.33 |
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 | $8.8B |
| Total Assets | $4.9B | $83.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $3.7B | $8.8B | ||
| Q3 25 | $3.7B | $8.9B | ||
| Q2 25 | $3.7B | $9.0B | ||
| Q1 25 | $3.6B | $8.7B | ||
| Q4 24 | $3.6B | $8.8B | ||
| Q3 24 | $3.6B | $9.0B | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.5B | $8.9B |
| Q4 25 | $4.9B | $83.9B | ||
| Q3 25 | $4.8B | $83.2B | ||
| Q2 25 | $4.7B | $82.1B | ||
| Q1 25 | $4.7B | $81.5B | ||
| Q4 24 | $4.8B | $82.2B | ||
| Q3 24 | $4.5B | $82.6B | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.4B | $81.8B |
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 | $396.0M |
| Free Cash FlowOCF − Capex | $268.1M | $389.0M |
| FCF MarginFCF / Revenue | 19.0% | 43.8% |
| Capex IntensityCapex / Revenue | 1.1% | 0.8% |
| Cash ConversionOCF / Net Profit | 2.59× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $396.0M | ||
| Q3 25 | $294.7M | $-200.0M | ||
| Q2 25 | $53.2M | $83.0M | ||
| Q1 25 | $24.2M | $349.0M | ||
| Q4 24 | $130.3M | $191.0M | ||
| Q3 24 | $242.0M | $389.0M | ||
| Q2 24 | $57.0M | — | ||
| Q1 24 | $129.9M | $838.0M |
| Q4 25 | $268.1M | $389.0M | ||
| Q3 25 | $286.4M | $-208.0M | ||
| Q2 25 | $43.4M | $74.0M | ||
| Q1 25 | $14.8M | $340.0M | ||
| Q4 24 | $114.5M | $174.0M | ||
| Q3 24 | $237.0M | $383.0M | ||
| Q2 24 | $52.3M | — | ||
| Q1 24 | $123.2M | $828.0M |
| Q4 25 | 19.0% | 43.8% | ||
| Q3 25 | 20.5% | -23.4% | ||
| Q2 25 | 3.2% | 8.9% | ||
| Q1 25 | 1.1% | 41.9% | ||
| Q4 24 | 9.2% | 23.9% | ||
| Q3 24 | 20.3% | 46.3% | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 10.6% | 101.1% |
| Q4 25 | 1.1% | 0.8% | ||
| Q3 25 | 0.6% | 0.9% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.7% | 1.1% | ||
| Q4 24 | 1.3% | 2.3% | ||
| Q3 24 | 0.4% | 0.7% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.6% | 1.2% |
| Q4 25 | 2.59× | 1.52× | ||
| Q3 25 | 2.76× | -0.76× | ||
| Q2 25 | 0.60× | 0.34× | ||
| Q1 25 | 0.33× | 1.60× | ||
| Q4 24 | 1.26× | 1.15× | ||
| Q3 24 | 1.77× | 1.78× | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 1.12× | 4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
