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Side-by-side financial comparison of EPAM Systems (EPAM) and LEGGETT & PLATT INC (LEG). Click either name above to swap in a different company.

EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $938.6M, roughly 1.5× LEGGETT & PLATT INC). EPAM Systems runs the higher net margin — 7.8% vs 2.7%, a 5.1% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -11.2%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $101.9M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -7.5%).

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.

Leggett & Platt (L&P), based in Carthage, Missouri, is an American diversified manufacturer that designs and produces various engineered components and products that can be found in homes and automobiles. The firm was founded in 1883, and consists of 15 business units, 20,000 employee-partners, and 135 manufacturing facilities located in 18 countries.

EPAM vs LEG — Head-to-Head

Bigger by revenue
EPAM
EPAM
1.5× larger
EPAM
$1.4B
$938.6M
LEG
Growing faster (revenue YoY)
EPAM
EPAM
+23.9% gap
EPAM
12.8%
-11.2%
LEG
Higher net margin
EPAM
EPAM
5.1% more per $
EPAM
7.8%
2.7%
LEG
More free cash flow
EPAM
EPAM
$166.2M more FCF
EPAM
$268.1M
$101.9M
LEG
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
-7.5%
LEG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPAM
EPAM
LEG
LEG
Revenue
$1.4B
$938.6M
Net Profit
$109.4M
$25.1M
Gross Margin
30.1%
17.9%
Operating Margin
10.6%
2.0%
Net Margin
7.8%
2.7%
Revenue YoY
12.8%
-11.2%
Net Profit YoY
5.9%
76.8%
EPS (diluted)
$1.97
$0.18

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
LEG
LEG
Q4 25
$1.4B
$938.6M
Q3 25
$1.4B
$1.0B
Q2 25
$1.4B
$1.1B
Q1 25
$1.3B
$1.0B
Q4 24
$1.2B
$1.1B
Q3 24
$1.2B
$1.1B
Q2 24
$1.1B
$1.1B
Q1 24
$1.2B
$1.1B
Net Profit
EPAM
EPAM
LEG
LEG
Q4 25
$109.4M
$25.1M
Q3 25
$106.8M
$127.1M
Q2 25
$88.0M
$52.5M
Q1 25
$73.5M
$30.6M
Q4 24
$103.3M
$14.2M
Q3 24
$136.3M
$44.9M
Q2 24
$98.6M
$-602.2M
Q1 24
$116.2M
$31.6M
Gross Margin
EPAM
EPAM
LEG
LEG
Q4 25
30.1%
17.9%
Q3 25
29.5%
18.7%
Q2 25
28.8%
18.2%
Q1 25
26.9%
18.6%
Q4 24
30.4%
16.6%
Q3 24
34.6%
18.2%
Q2 24
29.3%
16.5%
Q1 24
28.4%
17.0%
Operating Margin
EPAM
EPAM
LEG
LEG
Q4 25
10.6%
2.0%
Q3 25
10.4%
14.9%
Q2 25
9.3%
6.8%
Q1 25
7.6%
4.4%
Q4 24
10.9%
2.4%
Q3 24
15.2%
5.2%
Q2 24
10.5%
-56.2%
Q1 24
9.5%
3.9%
Net Margin
EPAM
EPAM
LEG
LEG
Q4 25
7.8%
2.7%
Q3 25
7.7%
12.3%
Q2 25
6.5%
5.0%
Q1 25
5.6%
3.0%
Q4 24
8.3%
1.3%
Q3 24
11.7%
4.1%
Q2 24
8.6%
-53.4%
Q1 24
10.0%
2.9%
EPS (diluted)
EPAM
EPAM
LEG
LEG
Q4 25
$1.97
$0.18
Q3 25
$1.91
$0.91
Q2 25
$1.56
$0.38
Q1 25
$1.28
$0.22
Q4 24
$1.80
$0.10
Q3 24
$2.37
$0.33
Q2 24
$1.70
$-4.39
Q1 24
$1.97
$0.23

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
LEG
LEG
Cash + ST InvestmentsLiquidity on hand
$1.3B
$587.4M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$3.7B
$1.0B
Total Assets
$4.9B
$3.5B
Debt / EquityLower = less leverage
1.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
LEG
LEG
Q4 25
$1.3B
$587.4M
Q3 25
$1.2B
$460.7M
Q2 25
$1.0B
$368.8M
Q1 25
$1.2B
$412.6M
Q4 24
$1.3B
$350.2M
Q3 24
$2.1B
$277.2M
Q2 24
$1.8B
$307.0M
Q1 24
$2.0B
$361.3M
Total Debt
EPAM
EPAM
LEG
LEG
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.6B
Q2 24
$1.7B
Q1 24
$1.8B
Stockholders' Equity
EPAM
EPAM
LEG
LEG
Q4 25
$3.7B
$1.0B
Q3 25
$3.7B
$971.8M
Q2 25
$3.7B
$855.0M
Q1 25
$3.6B
$746.8M
Q4 24
$3.6B
$689.4M
Q3 24
$3.6B
$741.0M
Q2 24
$3.4B
$667.6M
Q1 24
$3.5B
$1.3B
Total Assets
EPAM
EPAM
LEG
LEG
Q4 25
$4.9B
$3.5B
Q3 25
$4.8B
$3.5B
Q2 25
$4.7B
$3.7B
Q1 25
$4.7B
$3.7B
Q4 24
$4.8B
$3.7B
Q3 24
$4.5B
$3.8B
Q2 24
$4.2B
$3.8B
Q1 24
$4.4B
$4.6B
Debt / Equity
EPAM
EPAM
LEG
LEG
Q4 25
1.46×
Q3 25
1.54×
Q2 25
2.10×
Q1 25
2.59×
Q4 24
2.70×
Q3 24
2.13×
Q2 24
2.55×
Q1 24
1.38×

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
LEG
LEG
Operating Cash FlowLast quarter
$282.9M
$121.5M
Free Cash FlowOCF − Capex
$268.1M
$101.9M
FCF MarginFCF / Revenue
19.0%
10.9%
Capex IntensityCapex / Revenue
1.1%
2.1%
Cash ConversionOCF / Net Profit
2.59×
4.84×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$281.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
LEG
LEG
Q4 25
$282.9M
$121.5M
Q3 25
$294.7M
$125.9M
Q2 25
$53.2M
$84.0M
Q1 25
$24.2M
$6.8M
Q4 24
$130.3M
$122.3M
Q3 24
$242.0M
$95.5M
Q2 24
$57.0M
$94.0M
Q1 24
$129.9M
$-6.1M
Free Cash Flow
EPAM
EPAM
LEG
LEG
Q4 25
$268.1M
$101.9M
Q3 25
$286.4M
$110.1M
Q2 25
$43.4M
$75.5M
Q1 25
$14.8M
$-6.5M
Q4 24
$114.5M
$100.5M
Q3 24
$237.0M
$77.1M
Q2 24
$52.3M
$78.5M
Q1 24
$123.2M
$-32.0M
FCF Margin
EPAM
EPAM
LEG
LEG
Q4 25
19.0%
10.9%
Q3 25
20.5%
10.6%
Q2 25
3.2%
7.1%
Q1 25
1.1%
-0.6%
Q4 24
9.2%
9.5%
Q3 24
20.3%
7.0%
Q2 24
4.6%
7.0%
Q1 24
10.6%
-2.9%
Capex Intensity
EPAM
EPAM
LEG
LEG
Q4 25
1.1%
2.1%
Q3 25
0.6%
1.5%
Q2 25
0.7%
0.8%
Q1 25
0.7%
1.3%
Q4 24
1.3%
2.1%
Q3 24
0.4%
1.7%
Q2 24
0.4%
1.4%
Q1 24
0.6%
2.4%
Cash Conversion
EPAM
EPAM
LEG
LEG
Q4 25
2.59×
4.84×
Q3 25
2.76×
0.99×
Q2 25
0.60×
1.60×
Q1 25
0.33×
0.22×
Q4 24
1.26×
8.61×
Q3 24
1.77×
2.13×
Q2 24
0.58×
Q1 24
1.12×
-0.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPAM
EPAM

Segment breakdown not available.

LEG
LEG

Bedding Products$373.8M40%
Flooring And Textile Products Group$196.9M21%
Automotive Group$194.9M21%
Work Furniture Group$66.2M7%
Home Furniture Group$61.0M6%
Hydraulic Cylinders$45.8M5%

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