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Side-by-side financial comparison of EPAM Systems (EPAM) and Fidelity National Information Services (FIS). Click either name above to swap in a different company.
Fidelity National Information Services is the larger business by last-quarter revenue ($2.8B vs $1.4B, roughly 2.0× EPAM Systems). Fidelity National Information Services runs the higher net margin — 18.2% vs 7.8%, a 10.4% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 8.1%). Fidelity National Information Services produced more free cash flow last quarter ($739.0M vs $268.1M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 6.8%).
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.
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
EPAM vs FIS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.8B |
| Net Profit | $109.4M | $511.0M |
| Gross Margin | 30.1% | 38.3% |
| Operating Margin | 10.6% | 18.8% |
| Net Margin | 7.8% | 18.2% |
| Revenue YoY | 12.8% | 8.1% |
| Net Profit YoY | 5.9% | 97.3% |
| EPS (diluted) | $1.97 | $0.98 |
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 | $2.8B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $1.2B | $2.6B | ||
| Q2 24 | $1.1B | $2.5B | ||
| Q1 24 | $1.2B | $2.5B |
| Q4 25 | $109.4M | $511.0M | ||
| Q3 25 | $106.8M | $264.0M | ||
| Q2 25 | $88.0M | $-470.0M | ||
| Q1 25 | $73.5M | $77.0M | ||
| Q4 24 | $103.3M | $259.0M | ||
| Q3 24 | $136.3M | $224.0M | ||
| Q2 24 | $98.6M | $243.0M | ||
| Q1 24 | $116.2M | $724.0M |
| Q4 25 | 30.1% | 38.3% | ||
| Q3 25 | 29.5% | 37.8% | ||
| Q2 25 | 28.8% | 36.4% | ||
| Q1 25 | 26.9% | 34.7% | ||
| Q4 24 | 30.4% | 36.9% | ||
| Q3 24 | 34.6% | 38.0% | ||
| Q2 24 | 29.3% | 38.2% | ||
| Q1 24 | 28.4% | 37.1% |
| Q4 25 | 10.6% | 18.8% | ||
| Q3 25 | 10.4% | 16.8% | ||
| Q2 25 | 9.3% | 15.6% | ||
| Q1 25 | 7.6% | 13.7% | ||
| Q4 24 | 10.9% | 18.5% | ||
| Q3 24 | 15.2% | 19.1% | ||
| Q2 24 | 10.5% | 15.2% | ||
| Q1 24 | 9.5% | 14.6% |
| Q4 25 | 7.8% | 18.2% | ||
| Q3 25 | 7.7% | 9.7% | ||
| Q2 25 | 6.5% | -18.0% | ||
| Q1 25 | 5.6% | 3.0% | ||
| Q4 24 | 8.3% | 10.0% | ||
| Q3 24 | 11.7% | 8.7% | ||
| Q2 24 | 8.6% | 9.8% | ||
| Q1 24 | 10.0% | 29.3% |
| Q4 25 | $1.97 | $0.98 | ||
| Q3 25 | $1.91 | $0.50 | ||
| Q2 25 | $1.56 | $-0.90 | ||
| Q1 25 | $1.28 | $0.15 | ||
| Q4 24 | $1.80 | $0.51 | ||
| Q3 24 | $2.37 | $0.41 | ||
| Q2 24 | $1.70 | $0.44 | ||
| Q1 24 | $1.97 | $1.25 |
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 | $599.0M |
| Total DebtLower is stronger | — | $9.1B |
| Stockholders' EquityBook value | $3.7B | $13.9B |
| Total Assets | $4.9B | $33.5B |
| Debt / EquityLower = less leverage | — | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $599.0M | ||
| Q3 25 | $1.2B | $571.0M | ||
| Q2 25 | $1.0B | $581.0M | ||
| Q1 25 | $1.2B | $805.0M | ||
| Q4 24 | $1.3B | $834.0M | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $1.8B | $2.1B | ||
| Q1 24 | $2.0B | $3.3B |
| Q4 25 | — | $9.1B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $9.7B | ||
| Q3 24 | — | $10.5B | ||
| Q2 24 | — | $10.6B | ||
| Q1 24 | — | $10.6B |
| Q4 25 | $3.7B | $13.9B | ||
| Q3 25 | $3.7B | $13.9B | ||
| Q2 25 | $3.7B | $14.2B | ||
| Q1 25 | $3.6B | $15.1B | ||
| Q4 24 | $3.6B | $15.7B | ||
| Q3 24 | $3.6B | $16.6B | ||
| Q2 24 | $3.4B | $17.0B | ||
| Q1 24 | $3.5B | $18.0B |
| Q4 25 | $4.9B | $33.5B | ||
| Q3 25 | $4.8B | $33.0B | ||
| Q2 25 | $4.7B | $33.4B | ||
| Q1 25 | $4.7B | $32.8B | ||
| Q4 24 | $4.8B | $33.8B | ||
| Q3 24 | $4.5B | $34.3B | ||
| Q2 24 | $4.2B | $34.6B | ||
| Q1 24 | $4.4B | $35.9B |
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.59× |
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 | $758.0M |
| Free Cash FlowOCF − Capex | $268.1M | $739.0M |
| FCF MarginFCF / Revenue | 19.0% | 26.3% |
| Capex IntensityCapex / Revenue | 1.1% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.59× | 1.48× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $758.0M | ||
| Q3 25 | $294.7M | $1.0B | ||
| Q2 25 | $53.2M | $382.0M | ||
| Q1 25 | $24.2M | $457.0M | ||
| Q4 24 | $130.3M | $782.0M | ||
| Q3 24 | $242.0M | $641.0M | ||
| Q2 24 | $57.0M | $546.0M | ||
| Q1 24 | $129.9M | $206.0M |
| Q4 25 | $268.1M | $739.0M | ||
| Q3 25 | $286.4M | $952.0M | ||
| Q2 25 | $43.4M | $343.0M | ||
| Q1 25 | $14.8M | $420.0M | ||
| Q4 24 | $114.5M | $764.0M | ||
| Q3 24 | $237.0M | $605.0M | ||
| Q2 24 | $52.3M | $530.0M | ||
| Q1 24 | $123.2M | $179.0M |
| Q4 25 | 19.0% | 26.3% | ||
| Q3 25 | 20.5% | 35.0% | ||
| Q2 25 | 3.2% | 13.1% | ||
| Q1 25 | 1.1% | 16.6% | ||
| Q4 24 | 9.2% | 29.4% | ||
| Q3 24 | 20.3% | 23.5% | ||
| Q2 24 | 4.6% | 21.3% | ||
| Q1 24 | 10.6% | 7.3% |
| Q4 25 | 1.1% | 0.7% | ||
| Q3 25 | 0.6% | 2.2% | ||
| Q2 25 | 0.7% | 1.5% | ||
| Q1 25 | 0.7% | 1.5% | ||
| Q4 24 | 1.3% | 0.7% | ||
| Q3 24 | 0.4% | 1.4% | ||
| Q2 24 | 0.4% | 0.6% | ||
| Q1 24 | 0.6% | 1.1% |
| Q4 25 | 2.59× | 1.48× | ||
| Q3 25 | 2.76× | 3.83× | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | 5.94× | ||
| Q4 24 | 1.26× | 3.02× | ||
| Q3 24 | 1.77× | 2.86× | ||
| Q2 24 | 0.58× | 2.25× | ||
| Q1 24 | 1.12× | 0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
FIS
| Banking Solutions | $1.6B | 57% |
| Other | $701.0M | 25% |
| Capital Market Solutions | $508.0M | 18% |
