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Side-by-side financial comparison of EPAM Systems (EPAM) and Fortive (FTV). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× Fortive). Fortive runs the higher net margin — 16.5% vs 7.8%, a 8.8% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 4.6%). Fortive produced more free cash flow last quarter ($313.8M vs $268.1M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -14.2%).
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.
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...
EPAM vs FTV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.1B |
| Net Profit | $109.4M | $185.7M |
| Gross Margin | 30.1% | 63.2% |
| Operating Margin | 10.6% | 20.1% |
| Net Margin | 7.8% | 16.5% |
| Revenue YoY | 12.8% | 4.6% |
| Net Profit YoY | 5.9% | 10.4% |
| EPS (diluted) | $1.97 | $0.60 |
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 | $1.1B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.2B | $1.5B |
| Q4 25 | $109.4M | $185.7M | ||
| Q3 25 | $106.8M | $55.0M | ||
| Q2 25 | $88.0M | $166.6M | ||
| Q1 25 | $73.5M | $171.9M | ||
| Q4 24 | $103.3M | $208.8M | ||
| Q3 24 | $136.3M | $221.6M | ||
| Q2 24 | $98.6M | $195.1M | ||
| Q1 24 | $116.2M | $207.4M |
| Q4 25 | 30.1% | 63.2% | ||
| Q3 25 | 29.5% | 63.2% | ||
| Q2 25 | 28.8% | 59.0% | ||
| Q1 25 | 26.9% | 59.8% | ||
| Q4 24 | 30.4% | 60.3% | ||
| Q3 24 | 34.6% | 60.0% | ||
| Q2 24 | 29.3% | 59.8% | ||
| Q1 24 | 28.4% | 59.3% |
| Q4 25 | 10.6% | 20.1% | ||
| Q3 25 | 10.4% | 15.5% | ||
| Q2 25 | 9.3% | 14.6% | ||
| Q1 25 | 7.6% | 15.8% | ||
| Q4 24 | 10.9% | 19.0% | ||
| Q3 24 | 15.2% | 19.3% | ||
| Q2 24 | 10.5% | 19.4% | ||
| Q1 24 | 9.5% | 19.8% |
| Q4 25 | 7.8% | 16.5% | ||
| Q3 25 | 7.7% | 5.4% | ||
| Q2 25 | 6.5% | 11.0% | ||
| Q1 25 | 5.6% | 11.7% | ||
| Q4 24 | 8.3% | 12.9% | ||
| Q3 24 | 11.7% | 14.4% | ||
| Q2 24 | 8.6% | 12.6% | ||
| Q1 24 | 10.0% | 13.6% |
| Q4 25 | $1.97 | $0.60 | ||
| Q3 25 | $1.91 | $0.16 | ||
| Q2 25 | $1.56 | $0.49 | ||
| Q1 25 | $1.28 | $0.50 | ||
| Q4 24 | $1.80 | $0.60 | ||
| Q3 24 | $2.37 | $0.63 | ||
| Q2 24 | $1.70 | $0.55 | ||
| Q1 24 | $1.97 | $0.58 |
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 | $375.5M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | $3.7B | $6.5B |
| Total Assets | $4.9B | $11.7B |
| Debt / EquityLower = less leverage | — | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $375.5M | ||
| Q3 25 | $1.2B | $430.8M | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $1.2B | $892.1M | ||
| Q4 24 | $1.3B | $813.3M | ||
| Q3 24 | $2.1B | $811.3M | ||
| Q2 24 | $1.8B | $644.1M | ||
| Q1 24 | $2.0B | $704.6M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $3.7B | $6.5B | ||
| Q3 25 | $3.7B | $6.5B | ||
| Q2 25 | $3.7B | $10.4B | ||
| Q1 25 | $3.6B | $10.2B | ||
| Q4 24 | $3.6B | $10.2B | ||
| Q3 24 | $3.6B | $10.6B | ||
| Q2 24 | $3.4B | $10.5B | ||
| Q1 24 | $3.5B | $10.5B |
| Q4 25 | $4.9B | $11.7B | ||
| Q3 25 | $4.8B | $11.9B | ||
| Q2 25 | $4.7B | $18.2B | ||
| Q1 25 | $4.7B | $17.1B | ||
| Q4 24 | $4.8B | $17.0B | ||
| Q3 24 | $4.5B | $17.5B | ||
| Q2 24 | $4.2B | $17.3B | ||
| Q1 24 | $4.4B | $17.5B |
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.38× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $268.1M | $313.8M |
| FCF MarginFCF / Revenue | 19.0% | 28.0% |
| Capex IntensityCapex / Revenue | 1.1% | 2.7% |
| Cash ConversionOCF / Net Profit | 2.59× | 5.83× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $956.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $1.1B | ||
| Q3 25 | $294.7M | $164.4M | ||
| Q2 25 | $53.2M | $311.2M | ||
| Q1 25 | $24.2M | $241.7M | ||
| Q4 24 | $130.3M | $502.2M | ||
| Q3 24 | $242.0M | $459.0M | ||
| Q2 24 | $57.0M | $308.9M | ||
| Q1 24 | $129.9M | $256.7M |
| Q4 25 | $268.1M | $313.8M | ||
| Q3 25 | $286.4M | $153.1M | ||
| Q2 25 | $43.4M | $274.5M | ||
| Q1 25 | $14.8M | $215.0M | ||
| Q4 24 | $114.5M | $465.2M | ||
| Q3 24 | $237.0M | $431.2M | ||
| Q2 24 | $52.3M | $279.7M | ||
| Q1 24 | $123.2M | $230.3M |
| Q4 25 | 19.0% | 28.0% | ||
| Q3 25 | 20.5% | 14.9% | ||
| Q2 25 | 3.2% | 18.1% | ||
| Q1 25 | 1.1% | 14.6% | ||
| Q4 24 | 9.2% | 28.7% | ||
| Q3 24 | 20.3% | 28.1% | ||
| Q2 24 | 4.6% | 18.0% | ||
| Q1 24 | 10.6% | 15.1% |
| Q4 25 | 1.1% | 2.7% | ||
| Q3 25 | 0.6% | 1.1% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 0.7% | 1.8% | ||
| Q4 24 | 1.3% | 2.3% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.4% | 1.9% | ||
| Q1 24 | 0.6% | 1.7% |
| Q4 25 | 2.59× | 5.83× | ||
| Q3 25 | 2.76× | 2.99× | ||
| Q2 25 | 0.60× | 1.87× | ||
| Q1 25 | 0.33× | 1.41× | ||
| Q4 24 | 1.26× | 2.41× | ||
| Q3 24 | 1.77× | 2.07× | ||
| Q2 24 | 0.58× | 1.58× | ||
| Q1 24 | 1.12× | 1.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
