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Side-by-side financial comparison of EPAM Systems (EPAM) and Hasbro (HAS). Click either name above to swap in a different company.

Hasbro is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× EPAM Systems). Hasbro runs the higher net margin — 13.9% vs 7.8%, a 6.2% gap on every dollar of revenue. On growth, Hasbro posted the faster year-over-year revenue change (31.3% vs 12.8%). Hasbro produced more free cash flow last quarter ($389.5M vs $268.1M). Over the past eight quarters, Hasbro's revenue compounded faster (38.2% 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.

Hasbro, Inc. is an American multinational toy manufacturing and entertainment holding company founded on December 6, 1923 by Henry, Hillel and Herman Hassenfeld and is incorporated and headquartered in Pawtucket, Rhode Island. Hasbro owns the trademarks and products of Kenner, Milton Bradley, Parker Brothers, and Wizards of the Coast, among others. As of August 2020, over 81.5% of its shares were held by large financial institutions.

EPAM vs HAS — Head-to-Head

Bigger by revenue
HAS
HAS
1.0× larger
HAS
$1.4B
$1.4B
EPAM
Growing faster (revenue YoY)
HAS
HAS
+18.5% gap
HAS
31.3%
12.8%
EPAM
Higher net margin
HAS
HAS
6.2% more per $
HAS
13.9%
7.8%
EPAM
More free cash flow
HAS
HAS
$121.4M more FCF
HAS
$389.5M
$268.1M
EPAM
Faster 2-yr revenue CAGR
HAS
HAS
Annualised
HAS
38.2%
9.9%
EPAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPAM
EPAM
HAS
HAS
Revenue
$1.4B
$1.4B
Net Profit
$109.4M
$201.6M
Gross Margin
30.1%
68.7%
Operating Margin
10.6%
20.6%
Net Margin
7.8%
13.9%
Revenue YoY
12.8%
31.3%
Net Profit YoY
5.9%
687.8%
EPS (diluted)
$1.97
$1.46

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
HAS
HAS
Q4 25
$1.4B
$1.4B
Q3 25
$1.4B
$1.4B
Q2 25
$1.4B
$980.8M
Q1 25
$1.3B
$887.1M
Q4 24
$1.2B
$1.1B
Q3 24
$1.2B
$1.3B
Q2 24
$1.1B
$995.3M
Q1 24
$1.2B
$757.3M
Net Profit
EPAM
EPAM
HAS
HAS
Q4 25
$109.4M
$201.6M
Q3 25
$106.8M
$233.2M
Q2 25
$88.0M
$-855.8M
Q1 25
$73.5M
$98.6M
Q4 24
$103.3M
$-34.3M
Q3 24
$136.3M
$223.2M
Q2 24
$98.6M
$138.5M
Q1 24
$116.2M
$58.2M
Gross Margin
EPAM
EPAM
HAS
HAS
Q4 25
30.1%
68.7%
Q3 25
29.5%
70.1%
Q2 25
28.8%
77.0%
Q1 25
26.9%
76.9%
Q4 24
30.4%
67.4%
Q3 24
34.6%
70.4%
Q2 24
29.3%
76.1%
Q1 24
28.4%
73.0%
Operating Margin
EPAM
EPAM
HAS
HAS
Q4 25
10.6%
20.6%
Q3 25
10.4%
24.6%
Q2 25
9.3%
-81.4%
Q1 25
7.6%
19.2%
Q4 24
10.9%
5.4%
Q3 24
15.2%
23.6%
Q2 24
10.5%
21.3%
Q1 24
9.5%
15.3%
Net Margin
EPAM
EPAM
HAS
HAS
Q4 25
7.8%
13.9%
Q3 25
7.7%
16.8%
Q2 25
6.5%
-87.3%
Q1 25
5.6%
11.1%
Q4 24
8.3%
-3.1%
Q3 24
11.7%
17.4%
Q2 24
8.6%
13.9%
Q1 24
10.0%
7.7%
EPS (diluted)
EPAM
EPAM
HAS
HAS
Q4 25
$1.97
$1.46
Q3 25
$1.91
$1.64
Q2 25
$1.56
$-6.10
Q1 25
$1.28
$0.70
Q4 24
$1.80
$-0.25
Q3 24
$2.37
$1.59
Q2 24
$1.70
$0.99
Q1 24
$1.97
$0.42

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
HAS
HAS
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$565.5M
Total Assets
$4.9B
$5.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
HAS
HAS
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
Stockholders' Equity
EPAM
EPAM
HAS
HAS
Q4 25
$3.7B
$565.5M
Q3 25
$3.7B
$433.8M
Q2 25
$3.7B
$269.7M
Q1 25
$3.6B
$1.2B
Q4 24
$3.6B
$1.2B
Q3 24
$3.6B
$1.3B
Q2 24
$3.4B
$1.2B
Q1 24
$3.5B
$1.0B
Total Assets
EPAM
EPAM
HAS
HAS
Q4 25
$4.9B
$5.6B
Q3 25
$4.8B
$5.5B
Q2 25
$4.7B
$5.2B
Q1 25
$4.7B
$6.0B
Q4 24
$4.8B
$6.3B
Q3 24
$4.5B
$7.2B
Q2 24
$4.2B
$6.9B
Q1 24
$4.4B
$6.2B

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
HAS
HAS
Operating Cash FlowLast quarter
$282.9M
$403.2M
Free Cash FlowOCF − Capex
$268.1M
$389.5M
FCF MarginFCF / Revenue
19.0%
26.9%
Capex IntensityCapex / Revenue
1.1%
0.9%
Cash ConversionOCF / Net Profit
2.59×
2.00×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$829.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
HAS
HAS
Q4 25
$282.9M
$403.2M
Q3 25
$294.7M
$280.6M
Q2 25
$53.2M
$71.3M
Q1 25
$24.2M
$138.1M
Q4 24
$130.3M
$259.8M
Q3 24
$242.0M
$222.5M
Q2 24
$57.0M
$187.3M
Q1 24
$129.9M
$177.8M
Free Cash Flow
EPAM
EPAM
HAS
HAS
Q4 25
$268.1M
$389.5M
Q3 25
$286.4M
$260.9M
Q2 25
$43.4M
$55.2M
Q1 25
$14.8M
$124.3M
Q4 24
$114.5M
$200.8M
Q3 24
$237.0M
$174.0M
Q2 24
$52.3M
$135.4M
Q1 24
$123.2M
$132.0M
FCF Margin
EPAM
EPAM
HAS
HAS
Q4 25
19.0%
26.9%
Q3 25
20.5%
18.8%
Q2 25
3.2%
5.6%
Q1 25
1.1%
14.0%
Q4 24
9.2%
18.2%
Q3 24
20.3%
13.6%
Q2 24
4.6%
13.6%
Q1 24
10.6%
17.4%
Capex Intensity
EPAM
EPAM
HAS
HAS
Q4 25
1.1%
0.9%
Q3 25
0.6%
1.4%
Q2 25
0.7%
1.6%
Q1 25
0.7%
1.6%
Q4 24
1.3%
5.4%
Q3 24
0.4%
3.8%
Q2 24
0.4%
5.2%
Q1 24
0.6%
6.0%
Cash Conversion
EPAM
EPAM
HAS
HAS
Q4 25
2.59×
2.00×
Q3 25
2.76×
1.20×
Q2 25
0.60×
Q1 25
0.33×
1.40×
Q4 24
1.26×
Q3 24
1.77×
1.00×
Q2 24
0.58×
1.35×
Q1 24
1.12×
3.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPAM
EPAM

Segment breakdown not available.

HAS
HAS

Grow Brands$1.1B75%
Optimize Brands$188.7M13%
Digital And Licensing Gaming$135.7M9%
Class Of Principal Product Family Brands$13.1M1%
Filmand TV$2.4M0%

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