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Side-by-side financial comparison of EPAM Systems (EPAM) and NEWELL BRANDS INC. (NWL). Click either name above to swap in a different company.

NEWELL BRANDS INC. is the larger business by last-quarter revenue ($1.9B vs $1.4B, roughly 1.3× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs -16.6%, a 24.4% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -2.7%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $91.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 7.1%).

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.

Newell Brands Inc. is an American conglomerate of consumer and commercial products. The company's brands and products include Rubbermaid storage/or waste disposal containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.

EPAM vs NWL — Head-to-Head

Bigger by revenue
NWL
NWL
1.3× larger
NWL
$1.9B
$1.4B
EPAM
Growing faster (revenue YoY)
EPAM
EPAM
+15.4% gap
EPAM
12.8%
-2.7%
NWL
Higher net margin
EPAM
EPAM
24.4% more per $
EPAM
7.8%
-16.6%
NWL
More free cash flow
EPAM
EPAM
$177.1M more FCF
EPAM
$268.1M
$91.0M
NWL
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
7.1%
NWL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPAM
EPAM
NWL
NWL
Revenue
$1.4B
$1.9B
Net Profit
$109.4M
$-315.0M
Gross Margin
30.1%
33.1%
Operating Margin
10.6%
-14.3%
Net Margin
7.8%
-16.6%
Revenue YoY
12.8%
-2.7%
Net Profit YoY
5.9%
-483.3%
EPS (diluted)
$1.97
$-0.75

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
NWL
NWL
Q4 25
$1.4B
$1.9B
Q3 25
$1.4B
$1.8B
Q2 25
$1.4B
$1.9B
Q1 25
$1.3B
$1.6B
Q4 24
$1.2B
$1.9B
Q3 24
$1.2B
$1.9B
Q2 24
$1.1B
$2.0B
Q1 24
$1.2B
$1.7B
Net Profit
EPAM
EPAM
NWL
NWL
Q4 25
$109.4M
$-315.0M
Q3 25
$106.8M
$21.0M
Q2 25
$88.0M
$46.0M
Q1 25
$73.5M
$-37.0M
Q4 24
$103.3M
$-54.0M
Q3 24
$136.3M
$-198.0M
Q2 24
$98.6M
$45.0M
Q1 24
$116.2M
$-9.0M
Gross Margin
EPAM
EPAM
NWL
NWL
Q4 25
30.1%
33.1%
Q3 25
29.5%
34.1%
Q2 25
28.8%
35.4%
Q1 25
26.9%
32.1%
Q4 24
30.4%
34.2%
Q3 24
34.6%
34.9%
Q2 24
29.3%
34.4%
Q1 24
28.4%
30.5%
Operating Margin
EPAM
EPAM
NWL
NWL
Q4 25
10.6%
-14.3%
Q3 25
10.4%
6.6%
Q2 25
9.3%
8.8%
Q1 25
7.6%
1.3%
Q4 24
10.9%
0.5%
Q3 24
15.2%
-6.2%
Q2 24
10.5%
8.0%
Q1 24
9.5%
1.0%
Net Margin
EPAM
EPAM
NWL
NWL
Q4 25
7.8%
-16.6%
Q3 25
7.7%
1.2%
Q2 25
6.5%
2.4%
Q1 25
5.6%
-2.4%
Q4 24
8.3%
-2.8%
Q3 24
11.7%
-10.2%
Q2 24
8.6%
2.2%
Q1 24
10.0%
-0.5%
EPS (diluted)
EPAM
EPAM
NWL
NWL
Q4 25
$1.97
$-0.75
Q3 25
$1.91
$0.05
Q2 25
$1.56
$0.11
Q1 25
$1.28
$-0.09
Q4 24
$1.80
$-0.13
Q3 24
$2.37
$-0.48
Q2 24
$1.70
$0.11
Q1 24
$1.97
$-0.02

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
NWL
NWL
Cash + ST InvestmentsLiquidity on hand
$1.3B
$203.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$2.4B
Total Assets
$4.9B
$10.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
NWL
NWL
Q4 25
$1.3B
$203.0M
Q3 25
$1.2B
$229.0M
Q2 25
$1.0B
$219.0M
Q1 25
$1.2B
$233.0M
Q4 24
$1.3B
$198.0M
Q3 24
$2.1B
$494.0M
Q2 24
$1.8B
$382.0M
Q1 24
$2.0B
$372.0M
Stockholders' Equity
EPAM
EPAM
NWL
NWL
Q4 25
$3.7B
$2.4B
Q3 25
$3.7B
$2.7B
Q2 25
$3.7B
$2.7B
Q1 25
$3.6B
$2.7B
Q4 24
$3.6B
$2.8B
Q3 24
$3.6B
$2.9B
Q2 24
$3.4B
$3.1B
Q1 24
$3.5B
$3.1B
Total Assets
EPAM
EPAM
NWL
NWL
Q4 25
$4.9B
$10.7B
Q3 25
$4.8B
$11.3B
Q2 25
$4.7B
$11.5B
Q1 25
$4.7B
$11.3B
Q4 24
$4.8B
$11.0B
Q3 24
$4.5B
$11.8B
Q2 24
$4.2B
$12.0B
Q1 24
$4.4B
$12.1B

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
NWL
NWL
Operating Cash FlowLast quarter
$282.9M
$161.0M
Free Cash FlowOCF − Capex
$268.1M
$91.0M
FCF MarginFCF / Revenue
19.0%
4.8%
Capex IntensityCapex / Revenue
1.1%
3.7%
Cash ConversionOCF / Net Profit
2.59×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$17.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
NWL
NWL
Q4 25
$282.9M
$161.0M
Q3 25
$294.7M
$374.0M
Q2 25
$53.2M
$-58.0M
Q1 25
$24.2M
$-213.0M
Q4 24
$130.3M
$150.0M
Q3 24
$242.0M
$282.0M
Q2 24
$57.0M
$32.0M
Q1 24
$129.9M
$32.0M
Free Cash Flow
EPAM
EPAM
NWL
NWL
Q4 25
$268.1M
$91.0M
Q3 25
$286.4M
$315.0M
Q2 25
$43.4M
$-117.0M
Q1 25
$14.8M
$-272.0M
Q4 24
$114.5M
$54.0M
Q3 24
$237.0M
$231.0M
Q2 24
$52.3M
$-21.0M
Q1 24
$123.2M
$-27.0M
FCF Margin
EPAM
EPAM
NWL
NWL
Q4 25
19.0%
4.8%
Q3 25
20.5%
17.4%
Q2 25
3.2%
-6.0%
Q1 25
1.1%
-17.4%
Q4 24
9.2%
2.8%
Q3 24
20.3%
11.9%
Q2 24
4.6%
-1.0%
Q1 24
10.6%
-1.6%
Capex Intensity
EPAM
EPAM
NWL
NWL
Q4 25
1.1%
3.7%
Q3 25
0.6%
3.3%
Q2 25
0.7%
3.0%
Q1 25
0.7%
3.8%
Q4 24
1.3%
4.9%
Q3 24
0.4%
2.6%
Q2 24
0.4%
2.6%
Q1 24
0.6%
3.6%
Cash Conversion
EPAM
EPAM
NWL
NWL
Q4 25
2.59×
Q3 25
2.76×
17.81×
Q2 25
0.60×
-1.26×
Q1 25
0.33×
Q4 24
1.26×
Q3 24
1.77×
Q2 24
0.58×
0.71×
Q1 24
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPAM
EPAM

Segment breakdown not available.

NWL
NWL

Kitchen$538.0M28%
Writing$370.0M20%
Commercial$320.0M17%
Financial Institution Two$286.0M15%
Baby$259.0M14%
Outdoor And Recreation$142.0M7%

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