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Side-by-side financial comparison of EPAM Systems (EPAM) and Grocery Outlet Holding Corp. (GO). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× Grocery Outlet Holding Corp.). EPAM Systems runs the higher net margin — 7.8% vs -18.5%, a 26.3% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 10.7%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 8.3%).
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.
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
EPAM vs GO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $109.4M | $-224.9M |
| Gross Margin | 30.1% | 29.7% |
| Operating Margin | 10.6% | — |
| Net Margin | 7.8% | -18.5% |
| Revenue YoY | 12.8% | 10.7% |
| Net Profit YoY | 5.9% | -669.9% |
| EPS (diluted) | $1.97 | $-2.22 |
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.
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
| Q1 26 | — | $-224.9M | ||
| Q4 25 | $109.4M | — | ||
| Q3 25 | $106.8M | $11.6M | ||
| Q2 25 | $88.0M | $5.0M | ||
| Q1 25 | $73.5M | $-23.3M | ||
| Q4 24 | $103.3M | $2.3M | ||
| Q3 24 | $136.3M | $24.2M | ||
| Q2 24 | $98.6M | $14.0M |
| Q1 26 | — | 29.7% | ||
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.5% | 30.4% | ||
| Q2 25 | 28.8% | 30.6% | ||
| Q1 25 | 26.9% | 30.4% | ||
| Q4 24 | 30.4% | 29.5% | ||
| Q3 24 | 34.6% | 31.1% | ||
| Q2 24 | 29.3% | 30.9% |
| Q1 26 | — | — | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | 10.4% | 2.0% | ||
| Q2 25 | 9.3% | 1.1% | ||
| Q1 25 | 7.6% | -2.0% | ||
| Q4 24 | 10.9% | 1.0% | ||
| Q3 24 | 15.2% | 3.6% | ||
| Q2 24 | 10.5% | 2.3% |
| Q1 26 | — | -18.5% | ||
| Q4 25 | 7.8% | — | ||
| Q3 25 | 7.7% | 1.0% | ||
| Q2 25 | 6.5% | 0.4% | ||
| Q1 25 | 5.6% | -2.1% | ||
| Q4 24 | 8.3% | 0.2% | ||
| Q3 24 | 11.7% | 2.2% | ||
| Q2 24 | 8.6% | 1.2% |
| Q1 26 | — | $-2.22 | ||
| Q4 25 | $1.97 | — | ||
| Q3 25 | $1.91 | $0.12 | ||
| Q2 25 | $1.56 | $0.05 | ||
| Q1 25 | $1.28 | $-0.24 | ||
| Q4 24 | $1.80 | $0.03 | ||
| Q3 24 | $2.37 | $0.24 | ||
| Q2 24 | $1.70 | $0.14 |
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 | $69.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $3.7B | $983.7M |
| Total Assets | $4.9B | $3.1B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $69.6M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $52.1M | ||
| Q2 25 | $1.0B | $55.2M | ||
| Q1 25 | $1.2B | $50.9M | ||
| Q4 24 | $1.3B | $62.8M | ||
| Q3 24 | $2.1B | $68.7M | ||
| Q2 24 | $1.8B | $67.1M |
| Q1 26 | — | $15.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $500.3M | ||
| Q2 25 | — | $473.9M | ||
| Q1 25 | — | $475.7M | ||
| Q4 24 | — | $477.5M | ||
| Q3 24 | — | $429.3M | ||
| Q2 24 | — | $379.2M |
| Q1 26 | — | $983.7M | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.7B | $1.2B | ||
| Q2 25 | $3.7B | $1.2B | ||
| Q1 25 | $3.6B | $1.2B | ||
| Q4 24 | $3.6B | $1.2B | ||
| Q3 24 | $3.6B | $1.2B | ||
| Q2 24 | $3.4B | $1.2B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.8B | $3.4B | ||
| Q2 25 | $4.7B | $3.3B | ||
| Q1 25 | $4.7B | $3.3B | ||
| Q4 24 | $4.8B | $3.2B | ||
| Q3 24 | $4.5B | $3.1B | ||
| Q2 24 | $4.2B | $3.1B |
| Q1 26 | — | 0.02× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.31× |
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 | $222.1M |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $222.1M | ||
| Q4 25 | $282.9M | — | ||
| Q3 25 | $294.7M | $17.3M | ||
| Q2 25 | $53.2M | $73.6M | ||
| Q1 25 | $24.2M | $58.9M | ||
| Q4 24 | $130.3M | $39.5M | ||
| Q3 24 | $242.0M | $23.0M | ||
| Q2 24 | $57.0M | $41.6M |
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | — | ||
| Q3 25 | $286.4M | $-21.6M | ||
| Q2 25 | $43.4M | $14.4M | ||
| Q1 25 | $14.8M | $-1.5M | ||
| Q4 24 | $114.5M | $-19.6M | ||
| Q3 24 | $237.0M | $-19.3M | ||
| Q2 24 | $52.3M | $2.7M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 20.5% | -1.8% | ||
| Q2 25 | 3.2% | 1.2% | ||
| Q1 25 | 1.1% | -0.1% | ||
| Q4 24 | 9.2% | -1.8% | ||
| Q3 24 | 20.3% | -1.7% | ||
| Q2 24 | 4.6% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.6% | 3.3% | ||
| Q2 25 | 0.7% | 5.0% | ||
| Q1 25 | 0.7% | 5.4% | ||
| Q4 24 | 1.3% | 5.4% | ||
| Q3 24 | 0.4% | 3.8% | ||
| Q2 24 | 0.4% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | 1.49× | ||
| Q2 25 | 0.60× | 14.84× | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.26× | 17.09× | ||
| Q3 24 | 1.77× | 0.95× | ||
| Q2 24 | 0.58× | 2.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
