vs
Side-by-side financial comparison of EPAM Systems (EPAM) and LOGITECH INTERNATIONAL S.A. (LOGI). Click either name above to swap in a different company.
LOGITECH INTERNATIONAL S.A. is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× EPAM Systems). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs 7.8%, a 9.9% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 6.1%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M vs $268.1M). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% 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.
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
EPAM vs LOGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $109.4M | $251.0M |
| Gross Margin | 30.1% | 43.2% |
| Operating Margin | 10.6% | 20.1% |
| Net Margin | 7.8% | 17.7% |
| Revenue YoY | 12.8% | 6.1% |
| Net Profit YoY | 5.9% | 25.4% |
| EPS (diluted) | $1.97 | $1.69 |
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 | $1.4B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.2B | $1.0B |
| Q4 25 | $109.4M | $251.0M | ||
| Q3 25 | $106.8M | $170.7M | ||
| Q2 25 | $88.0M | $146.0M | ||
| Q1 25 | $73.5M | $144.1M | ||
| Q4 24 | $103.3M | $200.1M | ||
| Q3 24 | $136.3M | $145.5M | ||
| Q2 24 | $98.6M | $141.8M | ||
| Q1 24 | $116.2M | $167.6M |
| Q4 25 | 30.1% | 43.2% | ||
| Q3 25 | 29.5% | 43.4% | ||
| Q2 25 | 28.8% | 41.7% | ||
| Q1 25 | 26.9% | 43.1% | ||
| Q4 24 | 30.4% | 42.9% | ||
| Q3 24 | 34.6% | 43.6% | ||
| Q2 24 | 29.3% | 42.8% | ||
| Q1 24 | 28.4% | 43.2% |
| Q4 25 | 10.6% | 20.1% | ||
| Q3 25 | 10.4% | 16.1% | ||
| Q2 25 | 9.3% | 14.1% | ||
| Q1 25 | 7.6% | 10.5% | ||
| Q4 24 | 10.9% | 17.5% | ||
| Q3 24 | 15.2% | 14.4% | ||
| Q2 24 | 10.5% | 14.1% | ||
| Q1 24 | 9.5% | 12.9% |
| Q4 25 | 7.8% | 17.7% | ||
| Q3 25 | 7.7% | 14.4% | ||
| Q2 25 | 6.5% | 12.7% | ||
| Q1 25 | 5.6% | 14.3% | ||
| Q4 24 | 8.3% | 14.9% | ||
| Q3 24 | 11.7% | 13.0% | ||
| Q2 24 | 8.6% | 13.0% | ||
| Q1 24 | 10.0% | 16.6% |
| Q4 25 | $1.97 | $1.69 | ||
| Q3 25 | $1.91 | $1.15 | ||
| Q2 25 | $1.56 | $0.98 | ||
| Q1 25 | $1.28 | $0.94 | ||
| Q4 24 | $1.80 | $1.32 | ||
| Q3 24 | $2.37 | $0.95 | ||
| Q2 24 | $1.70 | $0.92 | ||
| Q1 24 | $1.97 | $1.07 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $2.3B |
| Total Assets | $4.9B | $4.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $2.0B | $1.5B |
| Q4 25 | $3.7B | $2.3B | ||
| Q3 25 | $3.7B | $2.1B | ||
| Q2 25 | $3.7B | $2.2B | ||
| Q1 25 | $3.6B | $2.1B | ||
| Q4 24 | $3.6B | $2.1B | ||
| Q3 24 | $3.6B | $2.1B | ||
| Q2 24 | $3.4B | $2.2B | ||
| Q1 24 | $3.5B | $2.2B |
| Q4 25 | $4.9B | $4.1B | ||
| Q3 25 | $4.8B | $3.7B | ||
| Q2 25 | $4.7B | $3.7B | ||
| Q1 25 | $4.7B | $3.5B | ||
| Q4 24 | $4.8B | $3.7B | ||
| Q3 24 | $4.5B | $3.6B | ||
| Q2 24 | $4.2B | $3.7B | ||
| Q1 24 | $4.4B | $3.6B |
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 | $480.5M |
| Free Cash FlowOCF − Capex | $268.1M | $465.6M |
| FCF MarginFCF / Revenue | 19.0% | 32.8% |
| Capex IntensityCapex / Revenue | 1.1% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.59× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $903.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $480.5M | ||
| Q3 25 | $294.7M | $228.8M | ||
| Q2 25 | $53.2M | $125.0M | ||
| Q1 25 | $24.2M | $129.7M | ||
| Q4 24 | $130.3M | $370.9M | ||
| Q3 24 | $242.0M | $166.0M | ||
| Q2 24 | $57.0M | $176.0M | ||
| Q1 24 | $129.9M | $239.1M |
| Q4 25 | $268.1M | $465.6M | ||
| Q3 25 | $286.4M | $212.3M | ||
| Q2 25 | $43.4M | $108.8M | ||
| Q1 25 | $14.8M | $116.9M | ||
| Q4 24 | $114.5M | $356.6M | ||
| Q3 24 | $237.0M | $151.5M | ||
| Q2 24 | $52.3M | $161.4M | ||
| Q1 24 | $123.2M | $228.8M |
| Q4 25 | 19.0% | 32.8% | ||
| Q3 25 | 20.5% | 17.9% | ||
| Q2 25 | 3.2% | 9.5% | ||
| Q1 25 | 1.1% | 11.6% | ||
| Q4 24 | 9.2% | 26.6% | ||
| Q3 24 | 20.3% | 13.6% | ||
| Q2 24 | 4.6% | 14.8% | ||
| Q1 24 | 10.6% | 22.6% |
| Q4 25 | 1.1% | 1.0% | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 0.7% | 1.4% | ||
| Q1 25 | 0.7% | 1.3% | ||
| Q4 24 | 1.3% | 1.1% | ||
| Q3 24 | 0.4% | 1.3% | ||
| Q2 24 | 0.4% | 1.3% | ||
| Q1 24 | 0.6% | 1.0% |
| Q4 25 | 2.59× | 1.91× | ||
| Q3 25 | 2.76× | 1.34× | ||
| Q2 25 | 0.60× | 0.86× | ||
| Q1 25 | 0.33× | 0.90× | ||
| Q4 24 | 1.26× | 1.85× | ||
| Q3 24 | 1.77× | 1.14× | ||
| Q2 24 | 0.58× | 1.24× | ||
| Q1 24 | 1.12× | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
