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Side-by-side financial comparison of EPAM Systems (EPAM) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $932.7M, roughly 1.5× LCI INDUSTRIES). EPAM Systems runs the higher net margin — 7.8% vs 2.0%, a 5.8% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 12.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $64.3M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
EPAM vs LCII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $932.7M |
| Net Profit | $109.4M | $18.7M |
| Gross Margin | 30.1% | 22.1% |
| Operating Margin | 10.6% | 3.8% |
| Net Margin | 7.8% | 2.0% |
| Revenue YoY | 12.8% | 16.1% |
| Net Profit YoY | 5.9% | 95.7% |
| EPS (diluted) | $1.97 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.2B | $803.1M | ||
| Q3 24 | $1.2B | $915.5M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.2B | $968.0M |
| Q4 25 | $109.4M | $18.7M | ||
| Q3 25 | $106.8M | $62.5M | ||
| Q2 25 | $88.0M | $57.6M | ||
| Q1 25 | $73.5M | $49.4M | ||
| Q4 24 | $103.3M | $9.5M | ||
| Q3 24 | $136.3M | $35.6M | ||
| Q2 24 | $98.6M | $61.2M | ||
| Q1 24 | $116.2M | $36.5M |
| Q4 25 | 30.1% | 22.1% | ||
| Q3 25 | 29.5% | 24.4% | ||
| Q2 25 | 28.8% | 24.4% | ||
| Q1 25 | 26.9% | 24.1% | ||
| Q4 24 | 30.4% | 21.1% | ||
| Q3 24 | 34.6% | 24.0% | ||
| Q2 24 | 29.3% | 25.3% | ||
| Q1 24 | 28.4% | 23.1% |
| Q4 25 | 10.6% | 3.8% | ||
| Q3 25 | 10.4% | 7.3% | ||
| Q2 25 | 9.3% | 7.9% | ||
| Q1 25 | 7.6% | 7.8% | ||
| Q4 24 | 10.9% | 2.0% | ||
| Q3 24 | 15.2% | 5.9% | ||
| Q2 24 | 10.5% | 8.6% | ||
| Q1 24 | 9.5% | 6.0% |
| Q4 25 | 7.8% | 2.0% | ||
| Q3 25 | 7.7% | 6.0% | ||
| Q2 25 | 6.5% | 5.2% | ||
| Q1 25 | 5.6% | 4.7% | ||
| Q4 24 | 8.3% | 1.2% | ||
| Q3 24 | 11.7% | 3.9% | ||
| Q2 24 | 8.6% | 5.8% | ||
| Q1 24 | 10.0% | 3.8% |
| Q4 25 | $1.97 | $0.79 | ||
| Q3 25 | $1.91 | $2.55 | ||
| Q2 25 | $1.56 | $2.29 | ||
| Q1 25 | $1.28 | $1.94 | ||
| Q4 24 | $1.80 | $0.37 | ||
| Q3 24 | $2.37 | $1.39 | ||
| Q2 24 | $1.70 | $2.40 | ||
| Q1 24 | $1.97 | $1.44 |
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 | $222.6M |
| Total DebtLower is stronger | — | $945.2M |
| Stockholders' EquityBook value | $3.7B | $1.4B |
| Total Assets | $4.9B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $222.6M | ||
| Q3 25 | $1.2B | $199.7M | ||
| Q2 25 | $1.0B | $191.9M | ||
| Q1 25 | $1.2B | $231.2M | ||
| Q4 24 | $1.3B | $165.8M | ||
| Q3 24 | $2.1B | $161.2M | ||
| Q2 24 | $1.8B | $130.4M | ||
| Q1 24 | $2.0B | $22.6M |
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
| Q4 25 | $3.7B | $1.4B | ||
| Q3 25 | $3.7B | $1.4B | ||
| Q2 25 | $3.7B | $1.4B | ||
| Q1 25 | $3.6B | $1.4B | ||
| Q4 24 | $3.6B | $1.4B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.4B | $1.4B | ||
| Q1 24 | $3.5B | $1.4B |
| Q4 25 | $4.9B | $3.2B | ||
| Q3 25 | $4.8B | $3.2B | ||
| Q2 25 | $4.7B | $3.2B | ||
| Q1 25 | $4.7B | $3.1B | ||
| Q4 24 | $4.8B | $2.9B | ||
| Q3 24 | $4.5B | $3.0B | ||
| Q2 24 | $4.2B | $3.0B | ||
| Q1 24 | $4.4B | $3.0B |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| Free Cash FlowOCF − Capex | $268.1M | $64.3M |
| FCF MarginFCF / Revenue | 19.0% | 6.9% |
| Capex IntensityCapex / Revenue | 1.1% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.59× | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $78.9M | ||
| Q3 25 | $294.7M | $97.2M | ||
| Q2 25 | $53.2M | $112.2M | ||
| Q1 25 | $24.2M | $42.7M | ||
| Q4 24 | $130.3M | $106.6M | ||
| Q3 24 | $242.0M | $78.4M | ||
| Q2 24 | $57.0M | $192.9M | ||
| Q1 24 | $129.9M | $-7.7M |
| Q4 25 | $268.1M | $64.3M | ||
| Q3 25 | $286.4M | $80.9M | ||
| Q2 25 | $43.4M | $99.5M | ||
| Q1 25 | $14.8M | $33.7M | ||
| Q4 24 | $114.5M | $95.7M | ||
| Q3 24 | $237.0M | $68.3M | ||
| Q2 24 | $52.3M | $180.2M | ||
| Q1 24 | $123.2M | $-16.3M |
| Q4 25 | 19.0% | 6.9% | ||
| Q3 25 | 20.5% | 7.8% | ||
| Q2 25 | 3.2% | 9.0% | ||
| Q1 25 | 1.1% | 3.2% | ||
| Q4 24 | 9.2% | 11.9% | ||
| Q3 24 | 20.3% | 7.5% | ||
| Q2 24 | 4.6% | 17.1% | ||
| Q1 24 | 10.6% | -1.7% |
| Q4 25 | 1.1% | 1.6% | ||
| Q3 25 | 0.6% | 1.6% | ||
| Q2 25 | 0.7% | 1.2% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.4% | 1.2% | ||
| Q1 24 | 0.6% | 0.9% |
| Q4 25 | 2.59× | 4.22× | ||
| Q3 25 | 2.76× | 1.55× | ||
| Q2 25 | 0.60× | 1.95× | ||
| Q1 25 | 0.33× | 0.86× | ||
| Q4 24 | 1.26× | 11.17× | ||
| Q3 24 | 1.77× | 2.20× | ||
| Q2 24 | 0.58× | 3.15× | ||
| Q1 24 | 1.12× | -0.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
