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Side-by-side financial comparison of EPAM Systems (EPAM) and Hubbell Incorporated (HUBB). Click either name above to swap in a different company.
Hubbell Incorporated is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× EPAM Systems). Hubbell Incorporated runs the higher net margin — 14.6% vs 7.8%, a 6.8% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 11.9%). Hubbell Incorporated produced more free cash flow last quarter ($388.8M vs $268.1M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 3.3%).
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.
Hubbell Incorporated, headquartered in Shelton, Connecticut, is an American company that designs, manufactures, and sells electrical and electronic products for non-residential and residential construction, industrial, and utility applications. Hubbell was founded by Harvey Hubbell as a proprietorship in 1888, and was incorporated in Connecticut in 1905.
EPAM vs HUBB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $109.4M | $217.7M |
| Gross Margin | 30.1% | 34.6% |
| Operating Margin | 10.6% | 20.3% |
| Net Margin | 7.8% | 14.6% |
| Revenue YoY | 12.8% | 11.9% |
| Net Profit YoY | 5.9% | 10.5% |
| EPS (diluted) | $1.97 | $4.06 |
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 | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.2B | $1.4B |
| Q4 25 | $109.4M | $217.7M | ||
| Q3 25 | $106.8M | $255.5M | ||
| Q2 25 | $88.0M | $244.2M | ||
| Q1 25 | $73.5M | $169.7M | ||
| Q4 24 | $103.3M | $197.0M | ||
| Q3 24 | $136.3M | $219.4M | ||
| Q2 24 | $98.6M | $213.6M | ||
| Q1 24 | $116.2M | $147.8M |
| Q4 25 | 30.1% | 34.6% | ||
| Q3 25 | 29.5% | 36.2% | ||
| Q2 25 | 28.8% | 37.2% | ||
| Q1 25 | 26.9% | 33.1% | ||
| Q4 24 | 30.4% | 33.8% | ||
| Q3 24 | 34.6% | 34.5% | ||
| Q2 24 | 29.3% | 35.0% | ||
| Q1 24 | 28.4% | 32.0% |
| Q4 25 | 10.6% | 20.3% | ||
| Q3 25 | 10.4% | 22.0% | ||
| Q2 25 | 9.3% | 22.7% | ||
| Q1 25 | 7.6% | 17.5% | ||
| Q4 24 | 10.9% | 19.3% | ||
| Q3 24 | 15.2% | 21.1% | ||
| Q2 24 | 10.5% | 20.7% | ||
| Q1 24 | 9.5% | 16.3% |
| Q4 25 | 7.8% | 14.6% | ||
| Q3 25 | 7.7% | 17.0% | ||
| Q2 25 | 6.5% | 16.5% | ||
| Q1 25 | 5.6% | 12.4% | ||
| Q4 24 | 8.3% | 14.8% | ||
| Q3 24 | 11.7% | 15.2% | ||
| Q2 24 | 8.6% | 14.7% | ||
| Q1 24 | 10.0% | 10.6% |
| Q4 25 | $1.97 | $4.06 | ||
| Q3 25 | $1.91 | $4.77 | ||
| Q2 25 | $1.56 | $4.56 | ||
| Q1 25 | $1.28 | $3.15 | ||
| Q4 24 | $1.80 | $3.65 | ||
| Q3 24 | $2.37 | $4.05 | ||
| Q2 24 | $1.70 | $3.94 | ||
| Q1 24 | $1.97 | $2.73 |
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 | $497.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $3.8B |
| Total Assets | $4.9B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $497.9M | ||
| Q3 25 | $1.2B | $680.9M | ||
| Q2 25 | $1.0B | $399.6M | ||
| Q1 25 | $1.2B | $360.3M | ||
| Q4 24 | $1.3B | $345.0M | ||
| Q3 24 | $2.1B | $445.6M | ||
| Q2 24 | $1.8B | $406.5M | ||
| Q1 24 | $2.0B | $400.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | $3.7B | $3.8B | ||
| Q3 25 | $3.7B | $3.7B | ||
| Q2 25 | $3.7B | $3.5B | ||
| Q1 25 | $3.6B | $3.3B | ||
| Q4 24 | $3.6B | $3.3B | ||
| Q3 24 | $3.6B | $3.2B | ||
| Q2 24 | $3.4B | $3.1B | ||
| Q1 24 | $3.5B | $2.9B |
| Q4 25 | $4.9B | $8.2B | ||
| Q3 25 | $4.8B | $7.5B | ||
| Q2 25 | $4.7B | $7.1B | ||
| Q1 25 | $4.7B | $6.9B | ||
| Q4 24 | $4.8B | $6.7B | ||
| Q3 24 | $4.5B | $6.9B | ||
| Q2 24 | $4.2B | $6.9B | ||
| Q1 24 | $4.4B | $6.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $447.5M |
| Free Cash FlowOCF − Capex | $268.1M | $388.8M |
| FCF MarginFCF / Revenue | 19.0% | 26.0% |
| Capex IntensityCapex / Revenue | 1.1% | 3.9% |
| Cash ConversionOCF / Net Profit | 2.59× | 2.06× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $874.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $447.5M | ||
| Q3 25 | $294.7M | $284.3M | ||
| Q2 25 | $53.2M | $260.6M | ||
| Q1 25 | $24.2M | $37.4M | ||
| Q4 24 | $130.3M | $432.4M | ||
| Q3 24 | $242.0M | $227.0M | ||
| Q2 24 | $57.0M | $239.6M | ||
| Q1 24 | $129.9M | $92.2M |
| Q4 25 | $268.1M | $388.8M | ||
| Q3 25 | $286.4M | $253.8M | ||
| Q2 25 | $43.4M | $220.7M | ||
| Q1 25 | $14.8M | $11.4M | ||
| Q4 24 | $114.5M | $364.4M | ||
| Q3 24 | $237.0M | $188.8M | ||
| Q2 24 | $52.3M | $205.7M | ||
| Q1 24 | $123.2M | $51.9M |
| Q4 25 | 19.0% | 26.0% | ||
| Q3 25 | 20.5% | 16.9% | ||
| Q2 25 | 3.2% | 14.9% | ||
| Q1 25 | 1.1% | 0.8% | ||
| Q4 24 | 9.2% | 27.3% | ||
| Q3 24 | 20.3% | 13.1% | ||
| Q2 24 | 4.6% | 14.2% | ||
| Q1 24 | 10.6% | 3.7% |
| Q4 25 | 1.1% | 3.9% | ||
| Q3 25 | 0.6% | 2.0% | ||
| Q2 25 | 0.7% | 2.7% | ||
| Q1 25 | 0.7% | 1.9% | ||
| Q4 24 | 1.3% | 5.1% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.4% | 2.3% | ||
| Q1 24 | 0.6% | 2.9% |
| Q4 25 | 2.59× | 2.06× | ||
| Q3 25 | 2.76× | 1.11× | ||
| Q2 25 | 0.60× | 1.07× | ||
| Q1 25 | 0.33× | 0.22× | ||
| Q4 24 | 1.26× | 2.19× | ||
| Q3 24 | 1.77× | 1.03× | ||
| Q2 24 | 0.58× | 1.12× | ||
| Q1 24 | 1.12× | 0.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
