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Side-by-side financial comparison of EPAM Systems (EPAM) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× EPAM Systems). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 7.8%, a 5.4% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 12.4%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $268.1M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 9.8%).
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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
EPAM vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $109.4M | $202.5M |
| Gross Margin | 30.1% | 99.7% |
| Operating Margin | 10.6% | 16.2% |
| Net Margin | 7.8% | 13.2% |
| Revenue YoY | 12.8% | 12.4% |
| Net Profit YoY | 5.9% | 100.4% |
| EPS (diluted) | $1.97 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $109.4M | $202.5M | ||
| Q3 25 | $106.8M | $280.4M | ||
| Q2 25 | $88.0M | $166.5M | ||
| Q1 25 | $73.5M | $-108.3M | ||
| Q4 24 | $103.3M | $101.1M | ||
| Q3 24 | $136.3M | $230.9M | ||
| Q2 24 | $98.6M | $62.6M | ||
| Q1 24 | $116.2M | $73.5M |
| Q4 25 | 30.1% | 99.7% | ||
| Q3 25 | 29.5% | 99.8% | ||
| Q2 25 | 28.8% | 99.8% | ||
| Q1 25 | 26.9% | 99.7% | ||
| Q4 24 | 30.4% | 99.7% | ||
| Q3 24 | 34.6% | 99.8% | ||
| Q2 24 | 29.3% | 99.8% | ||
| Q1 24 | 28.4% | 99.7% |
| Q4 25 | 10.6% | 16.2% | ||
| Q3 25 | 10.4% | 22.1% | ||
| Q2 25 | 9.3% | 14.0% | ||
| Q1 25 | 7.6% | -10.2% | ||
| Q4 24 | 10.9% | 9.0% | ||
| Q3 24 | 15.2% | 18.8% | ||
| Q2 24 | 10.5% | 5.8% | ||
| Q1 24 | 9.5% | 7.0% |
| Q4 25 | 7.8% | 13.2% | ||
| Q3 25 | 7.7% | 17.7% | ||
| Q2 25 | 6.5% | 11.3% | ||
| Q1 25 | 5.6% | -7.8% | ||
| Q4 24 | 8.3% | 7.4% | ||
| Q3 24 | 11.7% | 15.1% | ||
| Q2 24 | 8.6% | 4.8% | ||
| Q1 24 | 10.0% | 5.8% |
| Q4 25 | $1.97 | $3.66 | ||
| Q3 25 | $1.91 | $5.06 | ||
| Q2 25 | $1.56 | $3.01 | ||
| Q1 25 | $1.28 | $-1.96 | ||
| Q4 24 | $1.80 | $1.82 | ||
| Q3 24 | $2.37 | $4.17 | ||
| Q2 24 | $1.70 | $1.13 | ||
| Q1 24 | $1.97 | $1.33 |
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 | — | $575.0M |
| Stockholders' EquityBook value | $3.7B | $2.4B |
| Total Assets | $4.9B | $9.6B |
| Debt / EquityLower = less leverage | — | 0.24× |
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 | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | — | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.7B | $2.4B | ||
| Q3 25 | $3.7B | $2.2B | ||
| Q2 25 | $3.7B | $2.0B | ||
| Q1 25 | $3.6B | $1.8B | ||
| Q4 24 | $3.6B | $1.9B | ||
| Q3 24 | $3.6B | $1.9B | ||
| Q2 24 | $3.4B | $1.6B | ||
| Q1 24 | $3.5B | $1.6B |
| Q4 25 | $4.9B | $9.6B | ||
| Q3 25 | $4.8B | $9.4B | ||
| Q2 25 | $4.7B | $9.1B | ||
| Q1 25 | $4.7B | $9.0B | ||
| Q4 24 | $4.8B | $8.3B | ||
| Q3 24 | $4.5B | $8.2B | ||
| Q2 24 | $4.2B | $7.7B | ||
| Q1 24 | $4.4B | $7.4B |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $287.9M |
| Free Cash FlowOCF − Capex | $268.1M | $273.9M |
| FCF MarginFCF / Revenue | 19.0% | 17.8% |
| Capex IntensityCapex / Revenue | 1.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.59× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $287.9M | ||
| Q3 25 | $294.7M | $496.4M | ||
| Q2 25 | $53.2M | $371.6M | ||
| Q1 25 | $24.2M | $-68.7M | ||
| Q4 24 | $130.3M | $248.3M | ||
| Q3 24 | $242.0M | $318.1M | ||
| Q2 24 | $57.0M | $278.0M | ||
| Q1 24 | $129.9M | $192.6M |
| Q4 25 | $268.1M | $273.9M | ||
| Q3 25 | $286.4M | $479.5M | ||
| Q2 25 | $43.4M | $357.2M | ||
| Q1 25 | $14.8M | $-81.9M | ||
| Q4 24 | $114.5M | $236.0M | ||
| Q3 24 | $237.0M | $306.2M | ||
| Q2 24 | $52.3M | $266.5M | ||
| Q1 24 | $123.2M | $182.4M |
| Q4 25 | 19.0% | 17.8% | ||
| Q3 25 | 20.5% | 30.3% | ||
| Q2 25 | 3.2% | 24.2% | ||
| Q1 25 | 1.1% | -5.9% | ||
| Q4 24 | 9.2% | 17.3% | ||
| Q3 24 | 20.3% | 20.0% | ||
| Q2 24 | 4.6% | 20.4% | ||
| Q1 24 | 10.6% | 14.3% |
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 0.6% | 1.1% | ||
| Q2 25 | 0.7% | 1.0% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 1.3% | 0.9% | ||
| Q3 24 | 0.4% | 0.8% | ||
| Q2 24 | 0.4% | 0.9% | ||
| Q1 24 | 0.6% | 0.8% |
| Q4 25 | 2.59× | 1.42× | ||
| Q3 25 | 2.76× | 1.77× | ||
| Q2 25 | 0.60× | 2.23× | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.26× | 2.46× | ||
| Q3 24 | 1.77× | 1.38× | ||
| Q2 24 | 0.58× | 4.44× | ||
| Q1 24 | 1.12× | 2.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
