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Side-by-side financial comparison of EPAM Systems (EPAM) and Microchip Technology (MCHP). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Microchip Technology). Microchip Technology runs the higher net margin — 11.0% vs 5.9%, a 5.1% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (7.6% vs -72.2%). Over the past eight quarters, EPAM Systems's revenue compounded faster (10.5% CAGR vs 2.8%).
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.
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
EPAM vs MCHP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.3B |
| Net Profit | $82.5M | $144.2M |
| Gross Margin | — | 61.0% |
| Operating Margin | 8.3% | 16.6% |
| Net Margin | 5.9% | 11.0% |
| Revenue YoY | 7.6% | -72.2% |
| Net Profit YoY | 12.3% | 8.9% |
| EPS (diluted) | $1.52 | $0.21 |
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.
| Q1 26 | $1.4B | $1.3B | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $970.5M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | $82.5M | $144.2M | ||
| Q4 25 | $109.4M | $62.7M | ||
| Q3 25 | $106.8M | $41.7M | ||
| Q2 25 | $88.0M | $-18.6M | ||
| Q1 25 | $73.5M | $-154.6M | ||
| Q4 24 | $103.3M | $-53.6M | ||
| Q3 24 | $136.3M | $78.4M | ||
| Q2 24 | $98.6M | $129.3M |
| Q1 26 | — | 61.0% | ||
| Q4 25 | 30.1% | 59.6% | ||
| Q3 25 | 29.5% | 55.9% | ||
| Q2 25 | 28.8% | 53.6% | ||
| Q1 25 | 26.9% | 51.6% | ||
| Q4 24 | 30.4% | 54.7% | ||
| Q3 24 | 34.6% | 57.4% | ||
| Q2 24 | 29.3% | 59.4% |
| Q1 26 | 8.3% | 16.6% | ||
| Q4 25 | 10.6% | 12.8% | ||
| Q3 25 | 10.4% | 7.8% | ||
| Q2 25 | 9.3% | 3.0% | ||
| Q1 25 | 7.6% | -10.3% | ||
| Q4 24 | 10.9% | 3.0% | ||
| Q3 24 | 15.2% | 12.6% | ||
| Q2 24 | 10.5% | 17.7% |
| Q1 26 | 5.9% | 11.0% | ||
| Q4 25 | 7.8% | 5.3% | ||
| Q3 25 | 7.7% | 3.7% | ||
| Q2 25 | 6.5% | -1.7% | ||
| Q1 25 | 5.6% | -15.9% | ||
| Q4 24 | 8.3% | -5.2% | ||
| Q3 24 | 11.7% | 6.7% | ||
| Q2 24 | 8.6% | 10.4% |
| Q1 26 | $1.52 | $0.21 | ||
| Q4 25 | $1.97 | $0.06 | ||
| Q3 25 | $1.91 | $0.03 | ||
| Q2 25 | $1.56 | $-0.09 | ||
| Q1 25 | $1.28 | $-0.29 | ||
| Q4 24 | $1.80 | $-0.10 | ||
| Q3 24 | $2.37 | $0.14 | ||
| Q2 24 | $1.70 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $240.3M |
| Total DebtLower is stronger | $165.0M | $5.5B |
| Stockholders' EquityBook value | $3.4B | $6.4B |
| Total Assets | $4.7B | $14.4B |
| Debt / EquityLower = less leverage | 0.05× | 0.85× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | $240.3M | ||
| Q4 25 | $1.3B | $250.7M | ||
| Q3 25 | $1.2B | $236.8M | ||
| Q2 25 | $1.0B | $566.5M | ||
| Q1 25 | $1.2B | $771.7M | ||
| Q4 24 | $1.3B | $586.0M | ||
| Q3 24 | $2.1B | $286.1M | ||
| Q2 24 | $1.8B | $315.1M |
| Q1 26 | $165.0M | $5.5B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $5.4B | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
| Q1 26 | $3.4B | $6.4B | ||
| Q4 25 | $3.7B | $6.6B | ||
| Q3 25 | $3.7B | $6.7B | ||
| Q2 25 | $3.7B | $6.9B | ||
| Q1 25 | $3.6B | $7.1B | ||
| Q4 24 | $3.6B | $6.0B | ||
| Q3 24 | $3.6B | $6.3B | ||
| Q2 24 | $3.4B | $6.4B |
| Q1 26 | $4.7B | $14.4B | ||
| Q4 25 | $4.9B | $14.3B | ||
| Q3 25 | $4.8B | $14.5B | ||
| Q2 25 | $4.7B | $15.0B | ||
| Q1 25 | $4.7B | $15.4B | ||
| Q4 24 | $4.8B | $15.6B | ||
| Q3 24 | $4.5B | $15.6B | ||
| Q2 24 | $4.2B | $15.8B |
| Q1 26 | 0.05× | 0.85× | ||
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 0.96× |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $242.8M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $871.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $341.4M | ||
| Q3 25 | $294.7M | $88.1M | ||
| Q2 25 | $53.2M | $275.6M | ||
| Q1 25 | $24.2M | $205.9M | ||
| Q4 24 | $130.3M | $271.5M | ||
| Q3 24 | $242.0M | $43.6M | ||
| Q2 24 | $57.0M | $377.1M |
| Q1 26 | — | $242.8M | ||
| Q4 25 | $268.1M | $318.9M | ||
| Q3 25 | $286.4M | $51.6M | ||
| Q2 25 | $43.4M | $257.7M | ||
| Q1 25 | $14.8M | $191.7M | ||
| Q4 24 | $114.5M | $253.4M | ||
| Q3 24 | $237.0M | $22.8M | ||
| Q2 24 | $52.3M | $304.2M |
| Q1 26 | — | 18.5% | ||
| Q4 25 | 19.0% | 26.9% | ||
| Q3 25 | 20.5% | 4.5% | ||
| Q2 25 | 3.2% | 24.0% | ||
| Q1 25 | 1.1% | 19.8% | ||
| Q4 24 | 9.2% | 24.7% | ||
| Q3 24 | 20.3% | 2.0% | ||
| Q2 24 | 4.6% | 24.5% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 1.1% | 1.9% | ||
| Q3 25 | 0.6% | 3.2% | ||
| Q2 25 | 0.7% | 1.7% | ||
| Q1 25 | 0.7% | 1.5% | ||
| Q4 24 | 1.3% | 1.8% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.4% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 5.44× | ||
| Q3 25 | 2.76× | 2.11× | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | 0.56× | ||
| Q2 24 | 0.58× | 2.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
