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Side-by-side financial comparison of EPAM Systems (EPAM) and JETBLUE AIRWAYS CORP (JBLU). Click either name above to swap in a different company.
JETBLUE AIRWAYS CORP is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs -14.2%, a 22.0% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 4.7%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -3.9%).
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.
JetBlue Airways Corporation, stylized as jetBlue, is an American low-cost airline headquartered in Long Island City, in Queens, New York City. Primarily a point-to-point carrier, JetBlue's network features six focus cities including its main hub at New York City's John F. Kennedy International Airport, with destinations across the Americas and Europe. Although not a member of any global airline alliances, JetBlue has codeshare agreements with airlines from Oneworld, SkyTeam, and Star Alliance.
EPAM vs JBLU — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.2B |
| Net Profit | $109.4M | $-319.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | — |
| Net Margin | 7.8% | -14.2% |
| Revenue YoY | 12.8% | 4.7% |
| Net Profit YoY | 5.9% | -53.4% |
| EPS (diluted) | $1.97 | $-0.86 |
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 | — | $2.2B | ||
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.1B | $2.4B |
| Q1 26 | — | $-319.0M | ||
| Q4 25 | $109.4M | $-177.0M | ||
| Q3 25 | $106.8M | $-143.0M | ||
| Q2 25 | $88.0M | $-74.0M | ||
| Q1 25 | $73.5M | $-208.0M | ||
| Q4 24 | $103.3M | $-44.0M | ||
| Q3 24 | $136.3M | $-60.0M | ||
| Q2 24 | $98.6M | $25.0M |
| Q1 26 | — | — | ||
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 34.6% | — | ||
| Q2 24 | 29.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.6% | -4.5% | ||
| Q3 25 | 10.4% | -4.3% | ||
| Q2 25 | 9.3% | 0.3% | ||
| Q1 25 | 7.6% | -8.1% | ||
| Q4 24 | 10.9% | 0.7% | ||
| Q3 24 | 15.2% | -1.6% | ||
| Q2 24 | 10.5% | 2.3% |
| Q1 26 | — | -14.2% | ||
| Q4 25 | 7.8% | -7.9% | ||
| Q3 25 | 7.7% | -6.2% | ||
| Q2 25 | 6.5% | -3.1% | ||
| Q1 25 | 5.6% | -9.7% | ||
| Q4 24 | 8.3% | -1.9% | ||
| Q3 24 | 11.7% | -2.5% | ||
| Q2 24 | 8.6% | 1.0% |
| Q1 26 | — | $-0.86 | ||
| Q4 25 | $1.97 | $-0.47 | ||
| Q3 25 | $1.91 | $-0.39 | ||
| Q2 25 | $1.56 | $-0.21 | ||
| Q1 25 | $1.28 | $-0.59 | ||
| Q4 24 | $1.80 | $-0.09 | ||
| Q3 24 | $2.37 | $-0.17 | ||
| Q2 24 | $1.70 | $0.07 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $1.8B |
| Total Assets | $4.9B | $16.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.0B | $3.1B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.3B | $3.6B | ||
| Q3 24 | $2.1B | $4.0B | ||
| Q2 24 | $1.8B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.7B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.7B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $7.9B | ||
| Q2 24 | — | $5.0B |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $3.7B | $2.1B | ||
| Q3 25 | $3.7B | $2.3B | ||
| Q2 25 | $3.7B | $2.4B | ||
| Q1 25 | $3.6B | $2.4B | ||
| Q4 24 | $3.6B | $2.6B | ||
| Q3 24 | $3.6B | $2.6B | ||
| Q2 24 | $3.4B | $2.7B |
| Q1 26 | — | $16.6B | ||
| Q4 25 | $4.9B | $16.6B | ||
| Q3 25 | $4.8B | $16.6B | ||
| Q2 25 | $4.7B | $16.9B | ||
| Q1 25 | $4.7B | $17.1B | ||
| Q4 24 | $4.8B | $16.8B | ||
| Q3 24 | $4.5B | $16.6B | ||
| Q2 24 | $4.2B | $14.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 3.42× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 3.31× | ||
| Q4 24 | — | 3.08× | ||
| Q3 24 | — | 2.98× | ||
| Q2 24 | — | 1.86× |
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 | — |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | 6.3% |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $49.0M | ||
| Q3 25 | $294.7M | $-142.0M | ||
| Q2 25 | $53.2M | $-115.0M | ||
| Q1 25 | $24.2M | $114.0M | ||
| Q4 24 | $130.3M | $-17.0M | ||
| Q3 24 | $242.0M | $-29.0M | ||
| Q2 24 | $57.0M | $-14.0M |
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $-287.0M | ||
| Q3 25 | $286.4M | $-411.0M | ||
| Q2 25 | $43.4M | $-412.0M | ||
| Q1 25 | $14.8M | $-62.0M | ||
| Q4 24 | $114.5M | $-368.0M | ||
| Q3 24 | $237.0M | $-302.0M | ||
| Q2 24 | $52.3M | $-441.0M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | -12.8% | ||
| Q3 25 | 20.5% | -17.7% | ||
| Q2 25 | 3.2% | -17.5% | ||
| Q1 25 | 1.1% | -2.9% | ||
| Q4 24 | 9.2% | -16.2% | ||
| Q3 24 | 20.3% | -12.8% | ||
| Q2 24 | 4.6% | -18.2% |
| Q1 26 | — | 6.3% | ||
| Q4 25 | 1.1% | 15.0% | ||
| Q3 25 | 0.6% | 11.6% | ||
| Q2 25 | 0.7% | 12.6% | ||
| Q1 25 | 0.7% | 8.2% | ||
| Q4 24 | 1.3% | 15.4% | ||
| Q3 24 | 0.4% | 11.5% | ||
| Q2 24 | 0.4% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | — | ||
| Q2 24 | 0.58× | -0.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
