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Side-by-side financial comparison of EPAM Systems (EPAM) and JBT Marel Corp (JBTM). Click either name above to swap in a different company.

EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× JBT Marel Corp). EPAM Systems runs the higher net margin — 7.8% vs 5.3%, a 2.5% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs 12.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $83.5M). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% 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.

JBT Marel Corporation, formerly known as JBT Corporation, or John Bean Technologies Corporation, is a food processing machinery and automated vehicle company. The company was incorporated in 2008 when FMC Technologies divested its non-energy businesses. The company is based in Chicago, Illinois and traces its history back to a company founded in 1884 by John Bean, an orchardist in Los Gatos, California.

EPAM vs JBTM — Head-to-Head

Bigger by revenue
EPAM
EPAM
1.4× larger
EPAM
$1.4B
$1.0B
JBTM
Growing faster (revenue YoY)
JBTM
JBTM
+102.8% gap
JBTM
115.6%
12.8%
EPAM
Higher net margin
EPAM
EPAM
2.5% more per $
EPAM
7.8%
5.3%
JBTM
More free cash flow
EPAM
EPAM
$184.6M more FCF
EPAM
$268.1M
$83.5M
JBTM
Faster 2-yr revenue CAGR
JBTM
JBTM
Annualised
JBTM
60.3%
9.9%
EPAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPAM
EPAM
JBTM
JBTM
Revenue
$1.4B
$1.0B
Net Profit
$109.4M
$53.1M
Gross Margin
30.1%
34.5%
Operating Margin
10.6%
7.2%
Net Margin
7.8%
5.3%
Revenue YoY
12.8%
115.6%
Net Profit YoY
5.9%
858.6%
EPS (diluted)
$1.97
$1.04

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
JBTM
JBTM
Q4 25
$1.4B
$1.0B
Q3 25
$1.4B
$1.0B
Q2 25
$1.4B
$934.8M
Q1 25
$1.3B
$854.1M
Q4 24
$1.2B
$467.6M
Q3 24
$1.2B
$453.8M
Q2 24
$1.1B
$402.3M
Q1 24
$1.2B
$392.3M
Net Profit
EPAM
EPAM
JBTM
JBTM
Q4 25
$109.4M
$53.1M
Q3 25
$106.8M
$66.0M
Q2 25
$88.0M
$3.4M
Q1 25
$73.5M
$-173.0M
Q4 24
$103.3M
$-7.0M
Q3 24
$136.3M
$38.9M
Q2 24
$98.6M
$30.7M
Q1 24
$116.2M
$22.8M
Gross Margin
EPAM
EPAM
JBTM
JBTM
Q4 25
30.1%
34.5%
Q3 25
29.5%
35.9%
Q2 25
28.8%
35.8%
Q1 25
26.9%
34.2%
Q4 24
30.4%
38.4%
Q3 24
34.6%
36.1%
Q2 24
29.3%
35.6%
Q1 24
28.4%
35.8%
Operating Margin
EPAM
EPAM
JBTM
JBTM
Q4 25
10.6%
7.2%
Q3 25
10.4%
10.2%
Q2 25
9.3%
5.2%
Q1 25
7.6%
-3.9%
Q4 24
10.9%
3.4%
Q3 24
15.2%
10.3%
Q2 24
10.5%
6.7%
Q1 24
9.5%
7.4%
Net Margin
EPAM
EPAM
JBTM
JBTM
Q4 25
7.8%
5.3%
Q3 25
7.7%
6.6%
Q2 25
6.5%
0.4%
Q1 25
5.6%
-20.3%
Q4 24
8.3%
-1.5%
Q3 24
11.7%
8.6%
Q2 24
8.6%
7.6%
Q1 24
10.0%
5.8%
EPS (diluted)
EPAM
EPAM
JBTM
JBTM
Q4 25
$1.97
$1.04
Q3 25
$1.91
$1.26
Q2 25
$1.56
$0.07
Q1 25
$1.28
$-3.35
Q4 24
$1.80
$-0.22
Q3 24
$2.37
$1.21
Q2 24
$1.70
$0.95
Q1 24
$1.97
$0.71

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
JBTM
JBTM
Cash + ST InvestmentsLiquidity on hand
$1.3B
$167.9M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$3.7B
$4.5B
Total Assets
$4.9B
$8.2B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
JBTM
JBTM
Q4 25
$1.3B
$167.9M
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.2B
Q4 24
$1.3B
$1.2B
Q3 24
$2.1B
Q2 24
$1.8B
Q1 24
$2.0B
Total Debt
EPAM
EPAM
JBTM
JBTM
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$2.0B
Q4 24
$1.3B
Q3 24
$648.3M
Q2 24
$647.7M
Q1 24
$647.0M
Stockholders' Equity
EPAM
EPAM
JBTM
JBTM
Q4 25
$3.7B
$4.5B
Q3 25
$3.7B
$4.4B
Q2 25
$3.7B
$4.4B
Q1 25
$3.6B
$4.1B
Q4 24
$3.6B
$1.5B
Q3 24
$3.6B
$1.6B
Q2 24
$3.4B
$1.5B
Q1 24
$3.5B
$1.5B
Total Assets
EPAM
EPAM
JBTM
JBTM
Q4 25
$4.9B
$8.2B
Q3 25
$4.8B
$8.2B
Q2 25
$4.7B
$8.3B
Q1 25
$4.7B
$8.0B
Q4 24
$4.8B
$3.4B
Q3 24
$4.5B
$2.8B
Q2 24
$4.2B
$2.7B
Q1 24
$4.4B
$2.7B
Debt / Equity
EPAM
EPAM
JBTM
JBTM
Q4 25
0.33×
Q3 25
0.34×
Q2 25
0.35×
Q1 25
0.48×
Q4 24
0.81×
Q3 24
0.41×
Q2 24
0.43×
Q1 24
0.43×

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
JBTM
JBTM
Operating Cash FlowLast quarter
$282.9M
$117.4M
Free Cash FlowOCF − Capex
$268.1M
$83.5M
FCF MarginFCF / Revenue
19.0%
8.3%
Capex IntensityCapex / Revenue
1.1%
3.4%
Cash ConversionOCF / Net Profit
2.59×
2.21×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
JBTM
JBTM
Q4 25
$282.9M
$117.4M
Q3 25
$294.7M
$87.7M
Q2 25
$53.2M
$102.2M
Q1 25
$24.2M
$34.4M
Q4 24
$130.3M
$128.7M
Q3 24
$242.0M
$71.9M
Q2 24
$57.0M
$21.6M
Q1 24
$129.9M
$10.4M
Free Cash Flow
EPAM
EPAM
JBTM
JBTM
Q4 25
$268.1M
$83.5M
Q3 25
$286.4M
$56.5M
Q2 25
$43.4M
$83.7M
Q1 25
$14.8M
$14.4M
Q4 24
$114.5M
$118.7M
Q3 24
$237.0M
$65.0M
Q2 24
$52.3M
$11.1M
Q1 24
$123.2M
$-100.0K
FCF Margin
EPAM
EPAM
JBTM
JBTM
Q4 25
19.0%
8.3%
Q3 25
20.5%
5.6%
Q2 25
3.2%
9.0%
Q1 25
1.1%
1.7%
Q4 24
9.2%
25.4%
Q3 24
20.3%
14.3%
Q2 24
4.6%
2.8%
Q1 24
10.6%
-0.0%
Capex Intensity
EPAM
EPAM
JBTM
JBTM
Q4 25
1.1%
3.4%
Q3 25
0.6%
3.1%
Q2 25
0.7%
2.0%
Q1 25
0.7%
2.3%
Q4 24
1.3%
2.1%
Q3 24
0.4%
1.5%
Q2 24
0.4%
2.6%
Q1 24
0.6%
2.7%
Cash Conversion
EPAM
EPAM
JBTM
JBTM
Q4 25
2.59×
2.21×
Q3 25
2.76×
1.33×
Q2 25
0.60×
30.06×
Q1 25
0.33×
Q4 24
1.26×
Q3 24
1.77×
1.85×
Q2 24
0.58×
0.70×
Q1 24
1.12×
0.46×

Financial Flow Comparison

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

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