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Side-by-side financial comparison of EPAM Systems (EPAM) and Nomad Foods Ltd (NOMD). Click either name above to swap in a different company.

EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $834.9M, roughly 1.7× Nomad Foods Ltd). On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -2.6%). Nomad Foods Ltd produced more free cash flow last quarter ($272.4M vs $268.1M).

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.

Nomad Foods is the largest frozen food company in Europe, whose popular brands include Birds Eye, Ledo, Iglo, Findus, and Frikom. The company manufactures, sells and distributes a range of frozen food products across 22 European markets, with its headquarters in the United Kingdom. The most popular products in Nomad Foods’ portfolio include fish fingers, creamed spinach, peas and chicken. Nomad Foods is listed on the New York Stock Exchange trading under the ticker “NOMD”.

EPAM vs NOMD — Head-to-Head

Bigger by revenue
EPAM
EPAM
1.7× larger
EPAM
$1.4B
$834.9M
NOMD
Growing faster (revenue YoY)
EPAM
EPAM
+15.3% gap
EPAM
12.8%
-2.6%
NOMD
More free cash flow
NOMD
NOMD
$4.3M more FCF
NOMD
$272.4M
$268.1M
EPAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPAM
EPAM
NOMD
NOMD
Revenue
$1.4B
$834.9M
Net Profit
$109.4M
Gross Margin
30.1%
25.6%
Operating Margin
10.6%
9.1%
Net Margin
7.8%
Revenue YoY
12.8%
-2.6%
Net Profit YoY
5.9%
EPS (diluted)
$1.97

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.

Revenue
EPAM
EPAM
NOMD
NOMD
Q4 25
$1.4B
$834.9M
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.2B
$856.9M
Q3 24
$1.2B
Q2 24
$1.1B
Q1 24
$1.2B
Net Profit
EPAM
EPAM
NOMD
NOMD
Q4 25
$109.4M
Q3 25
$106.8M
Q2 25
$88.0M
Q1 25
$73.5M
Q4 24
$103.3M
$55.5M
Q3 24
$136.3M
Q2 24
$98.6M
Q1 24
$116.2M
Gross Margin
EPAM
EPAM
NOMD
NOMD
Q4 25
30.1%
25.6%
Q3 25
29.5%
Q2 25
28.8%
Q1 25
26.9%
Q4 24
30.4%
28.5%
Q3 24
34.6%
Q2 24
29.3%
Q1 24
28.4%
Operating Margin
EPAM
EPAM
NOMD
NOMD
Q4 25
10.6%
9.1%
Q3 25
10.4%
Q2 25
9.3%
Q1 25
7.6%
Q4 24
10.9%
11.5%
Q3 24
15.2%
Q2 24
10.5%
Q1 24
9.5%
Net Margin
EPAM
EPAM
NOMD
NOMD
Q4 25
7.8%
Q3 25
7.7%
Q2 25
6.5%
Q1 25
5.6%
Q4 24
8.3%
6.5%
Q3 24
11.7%
Q2 24
8.6%
Q1 24
10.0%
EPS (diluted)
EPAM
EPAM
NOMD
NOMD
Q4 25
$1.97
Q3 25
$1.91
Q2 25
$1.56
Q1 25
$1.28
Q4 24
$1.80
Q3 24
$2.37
Q2 24
$1.70
Q1 24
$1.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EPAM
EPAM
NOMD
NOMD
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$3.7B
$2.7B
Total Assets
$4.9B
$6.8B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
NOMD
NOMD
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
Total Debt
EPAM
EPAM
NOMD
NOMD
Q4 25
$2.5B
Q3 25
Q2 25
Q1 25
Q4 24
$2.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EPAM
EPAM
NOMD
NOMD
Q4 25
$3.7B
$2.7B
Q3 25
$3.7B
Q2 25
$3.7B
Q1 25
$3.6B
Q4 24
$3.6B
$2.9B
Q3 24
$3.6B
Q2 24
$3.4B
Q1 24
$3.5B
Total Assets
EPAM
EPAM
NOMD
NOMD
Q4 25
$4.9B
$6.8B
Q3 25
$4.8B
Q2 25
$4.7B
Q1 25
$4.7B
Q4 24
$4.8B
$6.9B
Q3 24
$4.5B
Q2 24
$4.2B
Q1 24
$4.4B
Debt / Equity
EPAM
EPAM
NOMD
NOMD
Q4 25
0.92×
Q3 25
Q2 25
Q1 25
Q4 24
0.82×
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
EPAM
EPAM
NOMD
NOMD
Operating Cash FlowLast quarter
$282.9M
$357.2M
Free Cash FlowOCF − Capex
$268.1M
$272.4M
FCF MarginFCF / Revenue
19.0%
32.6%
Capex IntensityCapex / Revenue
1.1%
10.2%
Cash ConversionOCF / Net Profit
2.59×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
NOMD
NOMD
Q4 25
$282.9M
$357.2M
Q3 25
$294.7M
Q2 25
$53.2M
Q1 25
$24.2M
Q4 24
$130.3M
$470.2M
Q3 24
$242.0M
Q2 24
$57.0M
Q1 24
$129.9M
Free Cash Flow
EPAM
EPAM
NOMD
NOMD
Q4 25
$268.1M
$272.4M
Q3 25
$286.4M
Q2 25
$43.4M
Q1 25
$14.8M
Q4 24
$114.5M
$383.5M
Q3 24
$237.0M
Q2 24
$52.3M
Q1 24
$123.2M
FCF Margin
EPAM
EPAM
NOMD
NOMD
Q4 25
19.0%
32.6%
Q3 25
20.5%
Q2 25
3.2%
Q1 25
1.1%
Q4 24
9.2%
44.8%
Q3 24
20.3%
Q2 24
4.6%
Q1 24
10.6%
Capex Intensity
EPAM
EPAM
NOMD
NOMD
Q4 25
1.1%
10.2%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
0.7%
Q4 24
1.3%
10.1%
Q3 24
0.4%
Q2 24
0.4%
Q1 24
0.6%
Cash Conversion
EPAM
EPAM
NOMD
NOMD
Q4 25
2.59×
Q3 25
2.76×
Q2 25
0.60×
Q1 25
0.33×
Q4 24
1.26×
8.47×
Q3 24
1.77×
Q2 24
0.58×
Q1 24
1.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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