vs
Side-by-side financial comparison of EPAM Systems (EPAM) and Magnera Corp (MAGN). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $792.0M, roughly 1.8× Magnera Corp). EPAM Systems runs the higher net margin — 7.8% vs -4.3%, a 12.1% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 12.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% 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.
EPAM vs MAGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $792.0M |
| Net Profit | $109.4M | $-34.0M |
| Gross Margin | 30.1% | 12.2% |
| Operating Margin | 10.6% | 1.8% |
| Net Margin | 7.8% | -4.3% |
| Revenue YoY | 12.8% | 12.8% |
| Net Profit YoY | 5.9% | 43.3% |
| EPS (diluted) | $1.97 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | $839.0M | ||
| Q1 25 | $1.3B | $824.0M | ||
| Q4 24 | $1.2B | $702.0M | ||
| Q3 24 | $1.2B | $332.1M | ||
| Q2 24 | $1.1B | $556.0M | ||
| Q1 24 | $1.2B | $558.0M |
| Q4 25 | $109.4M | $-34.0M | ||
| Q3 25 | $106.8M | — | ||
| Q2 25 | $88.0M | $-18.0M | ||
| Q1 25 | $73.5M | $-41.0M | ||
| Q4 24 | $103.3M | $-60.0M | ||
| Q3 24 | $136.3M | $-15.2M | ||
| Q2 24 | $98.6M | $19.0M | ||
| Q1 24 | $116.2M | $14.0M |
| Q4 25 | 30.1% | 12.2% | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 28.8% | 10.7% | ||
| Q1 25 | 26.9% | 10.7% | ||
| Q4 24 | 30.4% | 10.1% | ||
| Q3 24 | 34.6% | 10.7% | ||
| Q2 24 | 29.3% | 6.6% | ||
| Q1 24 | 28.4% | 6.2% |
| Q4 25 | 10.6% | 1.8% | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 9.3% | 1.5% | ||
| Q1 25 | 7.6% | 0.5% | ||
| Q4 24 | 10.9% | -3.1% | ||
| Q3 24 | 15.2% | 0.9% | ||
| Q2 24 | 10.5% | 3.1% | ||
| Q1 24 | 9.5% | 3.8% |
| Q4 25 | 7.8% | -4.3% | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 6.5% | -2.1% | ||
| Q1 25 | 5.6% | -5.0% | ||
| Q4 24 | 8.3% | -8.5% | ||
| Q3 24 | 11.7% | -4.6% | ||
| Q2 24 | 8.6% | 3.4% | ||
| Q1 24 | 10.0% | 2.5% |
| Q4 25 | $1.97 | $-0.95 | ||
| Q3 25 | $1.91 | — | ||
| Q2 25 | $1.56 | $-0.51 | ||
| Q1 25 | $1.28 | $-1.15 | ||
| Q4 24 | $1.80 | $-1.69 | ||
| Q3 24 | $2.37 | $-0.33 | ||
| Q2 24 | $1.70 | $0.60 | ||
| Q1 24 | $1.97 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $3.7B | $1.0B |
| Total Assets | $4.9B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $264.0M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | $276.0M | ||
| Q1 25 | $1.2B | $282.0M | ||
| Q4 24 | $1.3B | $215.0M | ||
| Q3 24 | $2.1B | $230.0M | ||
| Q2 24 | $1.8B | $33.9M | ||
| Q1 24 | $2.0B | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M | ||
| Q1 24 | — | $884.7M |
| Q4 25 | $3.7B | $1.0B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | $1.1B | ||
| Q1 25 | $3.6B | $1.1B | ||
| Q4 24 | $3.6B | $1.1B | ||
| Q3 24 | $3.6B | $2.1B | ||
| Q2 24 | $3.4B | $2.4B | ||
| Q1 24 | $3.5B | $2.4B |
| Q4 25 | $4.9B | $3.9B | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.7B | $4.1B | ||
| Q1 25 | $4.7B | $4.1B | ||
| Q4 24 | $4.8B | $4.0B | ||
| Q3 24 | $4.5B | $2.8B | ||
| Q2 24 | $4.2B | $1.5B | ||
| Q1 24 | $4.4B | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $268.1M | $-13.0M |
| FCF MarginFCF / Revenue | 19.0% | -1.6% |
| Capex IntensityCapex / Revenue | 1.1% | 1.9% |
| 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 | $2.0M | ||
| Q3 25 | $294.7M | — | ||
| Q2 25 | $53.2M | $0 | ||
| Q1 25 | $24.2M | $65.0M | ||
| Q4 24 | $130.3M | $-58.0M | ||
| Q3 24 | $242.0M | $12.2M | ||
| Q2 24 | $57.0M | $38.0M | ||
| Q1 24 | $129.9M | $20.0M |
| Q4 25 | $268.1M | $-13.0M | ||
| Q3 25 | $286.4M | — | ||
| Q2 25 | $43.4M | — | ||
| Q1 25 | $14.8M | $42.0M | ||
| Q4 24 | $114.5M | $-74.0M | ||
| Q3 24 | $237.0M | $3.6M | ||
| Q2 24 | $52.3M | $23.0M | ||
| Q1 24 | $123.2M | $12.5M |
| Q4 25 | 19.0% | -1.6% | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 1.1% | 5.1% | ||
| Q4 24 | 9.2% | -10.5% | ||
| Q3 24 | 20.3% | 1.1% | ||
| Q2 24 | 4.6% | 4.1% | ||
| Q1 24 | 10.6% | 2.2% |
| Q4 25 | 1.1% | 1.9% | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | 1.5% | ||
| Q1 25 | 0.7% | 2.8% | ||
| Q4 24 | 1.3% | 2.3% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.4% | 2.7% | ||
| Q1 24 | 0.6% | 1.3% |
| 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× | 2.00× | ||
| 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.
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
