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Side-by-side financial comparison of EPAM Systems (EPAM) and Noble Corp plc (NE). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $764.4M, roughly 1.8× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 7.8%, a 3.6% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -17.6%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $35.4M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 9.5%).
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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
EPAM vs NE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $764.4M |
| Net Profit | $109.4M | $86.6M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 5.6% |
| Net Margin | 7.8% | 11.3% |
| Revenue YoY | 12.8% | -17.6% |
| Net Profit YoY | 5.9% | -10.4% |
| EPS (diluted) | $1.97 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $1.4B | $798.0M | ||
| Q2 25 | $1.4B | $848.7M | ||
| Q1 25 | $1.3B | $874.5M | ||
| Q4 24 | $1.2B | $927.3M | ||
| Q3 24 | $1.2B | $800.5M | ||
| Q2 24 | $1.1B | $692.8M | ||
| Q1 24 | $1.2B | $637.1M |
| Q4 25 | $109.4M | $86.6M | ||
| Q3 25 | $106.8M | $-21.1M | ||
| Q2 25 | $88.0M | $42.9M | ||
| Q1 25 | $73.5M | $108.3M | ||
| Q4 24 | $103.3M | $96.6M | ||
| Q3 24 | $136.3M | $61.2M | ||
| Q2 24 | $98.6M | $195.0M | ||
| Q1 24 | $116.2M | $95.5M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 34.6% | — | ||
| Q2 24 | 29.3% | — | ||
| Q1 24 | 28.4% | — |
| Q4 25 | 10.6% | 5.6% | ||
| Q3 25 | 10.4% | 6.3% | ||
| Q2 25 | 9.3% | 15.9% | ||
| Q1 25 | 7.6% | 21.4% | ||
| Q4 24 | 10.9% | 18.4% | ||
| Q3 24 | 15.2% | 14.4% | ||
| Q2 24 | 10.5% | 30.3% | ||
| Q1 24 | 9.5% | 16.9% |
| Q4 25 | 7.8% | 11.3% | ||
| Q3 25 | 7.7% | -2.6% | ||
| Q2 25 | 6.5% | 5.1% | ||
| Q1 25 | 5.6% | 12.4% | ||
| Q4 24 | 8.3% | 10.4% | ||
| Q3 24 | 11.7% | 7.6% | ||
| Q2 24 | 8.6% | 28.1% | ||
| Q1 24 | 10.0% | 15.0% |
| Q4 25 | $1.97 | $0.54 | ||
| Q3 25 | $1.91 | $-0.13 | ||
| Q2 25 | $1.56 | $0.27 | ||
| Q1 25 | $1.28 | $0.67 | ||
| Q4 24 | $1.80 | $0.56 | ||
| Q3 24 | $2.37 | $0.40 | ||
| Q2 24 | $1.70 | $1.34 | ||
| Q1 24 | $1.97 | $0.66 |
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 | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $4.5B |
| Total Assets | $4.9B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $471.4M | ||
| Q3 25 | $1.2B | $477.9M | ||
| Q2 25 | $1.0B | $338.2M | ||
| Q1 25 | $1.2B | $303.8M | ||
| Q4 24 | $1.3B | $247.3M | ||
| Q3 24 | $2.1B | $391.9M | ||
| Q2 24 | $1.8B | $162.9M | ||
| Q1 24 | $2.0B | $212.5M |
| Q4 25 | $3.7B | $4.5B | ||
| Q3 25 | $3.7B | $4.5B | ||
| Q2 25 | $3.7B | $4.6B | ||
| Q1 25 | $3.6B | $4.7B | ||
| Q4 24 | $3.6B | $4.7B | ||
| Q3 24 | $3.6B | $4.7B | ||
| Q2 24 | $3.4B | $4.0B | ||
| Q1 24 | $3.5B | $3.9B |
| Q4 25 | $4.9B | $7.5B | ||
| Q3 25 | $4.8B | $7.6B | ||
| Q2 25 | $4.7B | $7.7B | ||
| Q1 25 | $4.7B | $7.9B | ||
| Q4 24 | $4.8B | $8.0B | ||
| Q3 24 | $4.5B | $8.0B | ||
| Q2 24 | $4.2B | $5.6B | ||
| Q1 24 | $4.4B | $5.4B |
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 | $187.1M |
| Free Cash FlowOCF − Capex | $268.1M | $35.4M |
| FCF MarginFCF / Revenue | 19.0% | 4.6% |
| Capex IntensityCapex / Revenue | 1.1% | 19.9% |
| Cash ConversionOCF / Net Profit | 2.59× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $187.1M | ||
| Q3 25 | $294.7M | $277.1M | ||
| Q2 25 | $53.2M | $216.4M | ||
| Q1 25 | $24.2M | $271.1M | ||
| Q4 24 | $130.3M | $136.2M | ||
| Q3 24 | $242.0M | $283.8M | ||
| Q2 24 | $57.0M | $106.8M | ||
| Q1 24 | $129.9M | $128.7M |
| Q4 25 | $268.1M | $35.4M | ||
| Q3 25 | $286.4M | $139.5M | ||
| Q2 25 | $43.4M | $99.8M | ||
| Q1 25 | $14.8M | $157.5M | ||
| Q4 24 | $114.5M | $-4.4M | ||
| Q3 24 | $237.0M | $156.8M | ||
| Q2 24 | $52.3M | $-34.3M | ||
| Q1 24 | $123.2M | $-37.9M |
| Q4 25 | 19.0% | 4.6% | ||
| Q3 25 | 20.5% | 17.5% | ||
| Q2 25 | 3.2% | 11.8% | ||
| Q1 25 | 1.1% | 18.0% | ||
| Q4 24 | 9.2% | -0.5% | ||
| Q3 24 | 20.3% | 19.6% | ||
| Q2 24 | 4.6% | -4.9% | ||
| Q1 24 | 10.6% | -6.0% |
| Q4 25 | 1.1% | 19.9% | ||
| Q3 25 | 0.6% | 17.3% | ||
| Q2 25 | 0.7% | 13.7% | ||
| Q1 25 | 0.7% | 13.0% | ||
| Q4 24 | 1.3% | 15.2% | ||
| Q3 24 | 0.4% | 15.9% | ||
| Q2 24 | 0.4% | 20.4% | ||
| Q1 24 | 0.6% | 26.2% |
| Q4 25 | 2.59× | 2.16× | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.60× | 5.05× | ||
| Q1 25 | 0.33× | 2.50× | ||
| Q4 24 | 1.26× | 1.41× | ||
| Q3 24 | 1.77× | 4.64× | ||
| Q2 24 | 0.58× | 0.55× | ||
| Q1 24 | 1.12× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
