vs
Side-by-side financial comparison of EPAM Systems (EPAM) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× Lineage, Inc.). EPAM Systems runs the higher net margin — 7.8% vs -7.3%, a 15.0% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 3.1%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
EPAM vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $109.4M | $-100.0M |
| Gross Margin | 30.1% | 32.3% |
| Operating Margin | 10.6% | 2.5% |
| Net Margin | 7.8% | -7.3% |
| Revenue YoY | 12.8% | 3.1% |
| Net Profit YoY | 5.9% | 79.4% |
| EPS (diluted) | $1.97 | $-0.44 |
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 | — | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $109.4M | — | ||
| Q3 25 | $106.8M | $-100.0M | ||
| Q2 25 | $88.0M | $-6.0M | ||
| Q1 25 | $73.5M | $0 | ||
| Q4 24 | $103.3M | $-71.0M | ||
| Q3 24 | $136.3M | $-485.0M | ||
| Q2 24 | $98.6M | $-68.0M | ||
| Q1 24 | $116.2M | $-40.0M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.5% | 32.3% | ||
| Q2 25 | 28.8% | 31.9% | ||
| Q1 25 | 26.9% | 32.2% | ||
| Q4 24 | 30.4% | 32.3% | ||
| Q3 24 | 34.6% | 32.8% | ||
| Q2 24 | 29.3% | 33.4% | ||
| Q1 24 | 28.4% | 33.4% |
| Q4 25 | 10.6% | — | ||
| Q3 25 | 10.4% | 2.5% | ||
| Q2 25 | 9.3% | 1.7% | ||
| Q1 25 | 7.6% | 4.3% | ||
| Q4 24 | 10.9% | -1.6% | ||
| Q3 24 | 15.2% | -38.6% | ||
| Q2 24 | 10.5% | 5.5% | ||
| Q1 24 | 9.5% | 7.6% |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 7.7% | -7.3% | ||
| Q2 25 | 6.5% | -0.4% | ||
| Q1 25 | 5.6% | — | ||
| Q4 24 | 8.3% | -5.3% | ||
| Q3 24 | 11.7% | -36.3% | ||
| Q2 24 | 8.6% | -5.1% | ||
| Q1 24 | 10.0% | -3.0% |
| Q4 25 | $1.97 | — | ||
| Q3 25 | $1.91 | $-0.44 | ||
| Q2 25 | $1.56 | $-0.03 | ||
| Q1 25 | $1.28 | $0.01 | ||
| Q4 24 | $1.80 | $-0.52 | ||
| Q3 24 | $2.37 | $-2.44 | ||
| Q2 24 | $1.70 | $-0.46 | ||
| Q1 24 | $1.97 | $-0.28 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $8.4B |
| Total Assets | $4.9B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $173.0M | ||
| Q3 24 | $2.1B | $409.0M | ||
| Q2 24 | $1.8B | $73.0M | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.7B | $8.4B | ||
| Q2 25 | $3.7B | $8.6B | ||
| Q1 25 | $3.6B | $8.6B | ||
| Q4 24 | $3.6B | $8.6B | ||
| Q3 24 | $3.6B | $9.0B | ||
| Q2 24 | $3.4B | $4.9B | ||
| Q1 24 | $3.5B | $5.6B |
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.8B | $19.2B | ||
| Q2 25 | $4.7B | $19.4B | ||
| Q1 25 | $4.7B | $18.8B | ||
| Q4 24 | $4.8B | $18.7B | ||
| Q3 24 | $4.5B | $19.3B | ||
| Q2 24 | $4.2B | $18.8B | ||
| Q1 24 | $4.4B | — |
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 | $230.0M |
| Free Cash FlowOCF − Capex | $268.1M | $35.0M |
| FCF MarginFCF / Revenue | 19.0% | 2.5% |
| Capex IntensityCapex / Revenue | 1.1% | 14.2% |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | — | ||
| Q3 25 | $294.7M | $230.0M | ||
| Q2 25 | $53.2M | $258.0M | ||
| Q1 25 | $24.2M | $139.0M | ||
| Q4 24 | $130.3M | — | ||
| Q3 24 | $242.0M | $186.0M | ||
| Q2 24 | $57.0M | $155.0M | ||
| Q1 24 | $129.9M | $105.0M |
| Q4 25 | $268.1M | — | ||
| Q3 25 | $286.4M | $35.0M | ||
| Q2 25 | $43.4M | $95.0M | ||
| Q1 25 | $14.8M | $-12.0M | ||
| Q4 24 | $114.5M | — | ||
| Q3 24 | $237.0M | $33.0M | ||
| Q2 24 | $52.3M | $-31.0M | ||
| Q1 24 | $123.2M | $-42.0M |
| Q4 25 | 19.0% | — | ||
| Q3 25 | 20.5% | 2.5% | ||
| Q2 25 | 3.2% | 7.0% | ||
| Q1 25 | 1.1% | -0.9% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 20.3% | 2.5% | ||
| Q2 24 | 4.6% | -2.3% | ||
| Q1 24 | 10.6% | -3.2% |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.6% | 14.2% | ||
| Q2 25 | 0.7% | 12.1% | ||
| Q1 25 | 0.7% | 11.7% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.4% | 11.5% | ||
| Q2 24 | 0.4% | 13.9% | ||
| Q1 24 | 0.6% | 11.1% |
| 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× | — | ||
| Q1 24 | 1.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
