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Side-by-side financial comparison of EPAM Systems (EPAM) and FIVE BELOW, INC (FIVE). Click either name above to swap in a different company.

EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× FIVE BELOW, INC). EPAM Systems runs the higher net margin — 7.8% vs 3.5%, a 4.3% gap on every dollar of revenue. On growth, FIVE BELOW, INC posted the faster year-over-year revenue change (23.1% vs 12.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $-133.2M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -11.9%).

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.

Five Below, Inc. is an American chain of specialty discount gift shops that prices most of its products at up to $5, plus a smaller assortment of products priced up to $40. Founded in 2002 by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. By 2014, there were more than 1,850 stores located across the United States.

EPAM vs FIVE — Head-to-Head

Bigger by revenue
EPAM
EPAM
1.4× larger
EPAM
$1.4B
$1.0B
FIVE
Growing faster (revenue YoY)
FIVE
FIVE
+10.3% gap
FIVE
23.1%
12.8%
EPAM
Higher net margin
EPAM
EPAM
4.3% more per $
EPAM
7.8%
3.5%
FIVE
More free cash flow
EPAM
EPAM
$401.3M more FCF
EPAM
$268.1M
$-133.2M
FIVE
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
-11.9%
FIVE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EPAM
EPAM
FIVE
FIVE
Revenue
$1.4B
$1.0B
Net Profit
$109.4M
$36.5M
Gross Margin
30.1%
33.8%
Operating Margin
10.6%
4.2%
Net Margin
7.8%
3.5%
Revenue YoY
12.8%
23.1%
Net Profit YoY
5.9%
2063.9%
EPS (diluted)
$1.97
$0.66

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
EPAM
EPAM
FIVE
FIVE
Q4 25
$1.4B
$1.0B
Q3 25
$1.4B
$1.0B
Q2 25
$1.4B
$970.5M
Q1 25
$1.3B
$1.4B
Q4 24
$1.2B
$843.7M
Q3 24
$1.2B
$830.1M
Q2 24
$1.1B
$811.9M
Q1 24
$1.2B
$1.3B
Net Profit
EPAM
EPAM
FIVE
FIVE
Q4 25
$109.4M
$36.5M
Q3 25
$106.8M
$42.8M
Q2 25
$88.0M
$41.1M
Q1 25
$73.5M
$187.5M
Q4 24
$103.3M
$1.7M
Q3 24
$136.3M
$33.0M
Q2 24
$98.6M
$31.5M
Q1 24
$116.2M
$202.2M
Gross Margin
EPAM
EPAM
FIVE
FIVE
Q4 25
30.1%
33.8%
Q3 25
29.5%
33.3%
Q2 25
28.8%
33.4%
Q1 25
26.9%
40.2%
Q4 24
30.4%
30.6%
Q3 24
34.6%
32.7%
Q2 24
29.3%
32.5%
Q1 24
28.4%
41.2%
Operating Margin
EPAM
EPAM
FIVE
FIVE
Q4 25
10.6%
4.2%
Q3 25
10.4%
5.1%
Q2 25
9.3%
5.2%
Q1 25
7.6%
17.7%
Q4 24
10.9%
-0.1%
Q3 24
15.2%
5.0%
Q2 24
10.5%
4.5%
Q1 24
9.5%
20.1%
Net Margin
EPAM
EPAM
FIVE
FIVE
Q4 25
7.8%
3.5%
Q3 25
7.7%
4.2%
Q2 25
6.5%
4.2%
Q1 25
5.6%
13.5%
Q4 24
8.3%
0.2%
Q3 24
11.7%
4.0%
Q2 24
8.6%
3.9%
Q1 24
10.0%
15.1%
EPS (diluted)
EPAM
EPAM
FIVE
FIVE
Q4 25
$1.97
$0.66
Q3 25
$1.91
$0.77
Q2 25
$1.56
$0.75
Q1 25
$1.28
$3.40
Q4 24
$1.80
$0.03
Q3 24
$2.37
$0.60
Q2 24
$1.70
$0.57
Q1 24
$1.97
$3.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EPAM
EPAM
FIVE
FIVE
Cash + ST InvestmentsLiquidity on hand
$1.3B
$524.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$2.0B
Total Assets
$4.9B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
FIVE
FIVE
Q4 25
$1.3B
$524.5M
Q3 25
$1.2B
$670.2M
Q2 25
$1.0B
$624.0M
Q1 25
$1.2B
$528.8M
Q4 24
$1.3B
$216.6M
Q3 24
$2.1B
$327.7M
Q2 24
$1.8B
$369.6M
Q1 24
$2.0B
$460.1M
Stockholders' Equity
EPAM
EPAM
FIVE
FIVE
Q4 25
$3.7B
$2.0B
Q3 25
$3.7B
$1.9B
Q2 25
$3.7B
$1.9B
Q1 25
$3.6B
$1.8B
Q4 24
$3.6B
$1.6B
Q3 24
$3.6B
$1.6B
Q2 24
$3.4B
$1.6B
Q1 24
$3.5B
$1.6B
Total Assets
EPAM
EPAM
FIVE
FIVE
Q4 25
$4.9B
$4.8B
Q3 25
$4.8B
$4.6B
Q2 25
$4.7B
$4.5B
Q1 25
$4.7B
$4.3B
Q4 24
$4.8B
$4.2B
Q3 24
$4.5B
$4.0B
Q2 24
$4.2B
$3.9B
Q1 24
$4.4B
$3.9B

Cash Flow & Capital Efficiency

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

Metric
EPAM
EPAM
FIVE
FIVE
Operating Cash FlowLast quarter
$282.9M
$-80.1M
Free Cash FlowOCF − Capex
$268.1M
$-133.2M
FCF MarginFCF / Revenue
19.0%
-12.8%
Capex IntensityCapex / Revenue
1.1%
5.1%
Cash ConversionOCF / Net Profit
2.59×
-2.19×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$323.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
FIVE
FIVE
Q4 25
$282.9M
$-80.1M
Q3 25
$294.7M
$93.0M
Q2 25
$53.2M
$132.7M
Q1 25
$24.2M
$363.5M
Q4 24
$130.3M
$-30.6M
Q3 24
$242.0M
$71.3M
Q2 24
$57.0M
$26.4M
Q1 24
$129.9M
$407.7M
Free Cash Flow
EPAM
EPAM
FIVE
FIVE
Q4 25
$268.1M
$-133.2M
Q3 25
$286.4M
$48.3M
Q2 25
$43.4M
$96.5M
Q1 25
$14.8M
$311.4M
Q4 24
$114.5M
$-111.0M
Q3 24
$237.0M
$-32.4M
Q2 24
$52.3M
$-61.4M
Q1 24
$123.2M
$304.6M
FCF Margin
EPAM
EPAM
FIVE
FIVE
Q4 25
19.0%
-12.8%
Q3 25
20.5%
4.7%
Q2 25
3.2%
9.9%
Q1 25
1.1%
22.4%
Q4 24
9.2%
-13.2%
Q3 24
20.3%
-3.9%
Q2 24
4.6%
-7.6%
Q1 24
10.6%
22.8%
Capex Intensity
EPAM
EPAM
FIVE
FIVE
Q4 25
1.1%
5.1%
Q3 25
0.6%
4.4%
Q2 25
0.7%
3.7%
Q1 25
0.7%
3.7%
Q4 24
1.3%
9.5%
Q3 24
0.4%
12.5%
Q2 24
0.4%
10.8%
Q1 24
0.6%
7.7%
Cash Conversion
EPAM
EPAM
FIVE
FIVE
Q4 25
2.59×
-2.19×
Q3 25
2.76×
2.17×
Q2 25
0.60×
3.22×
Q1 25
0.33×
1.94×
Q4 24
1.26×
-18.13×
Q3 24
1.77×
2.16×
Q2 24
0.58×
0.84×
Q1 24
1.12×
2.02×

Financial Flow Comparison

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

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