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Side-by-side financial comparison of EPAM Systems (EPAM) and NEW YORK TIMES CO (NYT). Click either name above to swap in a different company.

EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $712.2M, roughly 2.0× NEW YORK TIMES CO). NEW YORK TIMES CO runs the higher net margin — 12.3% vs 5.9%, a 6.5% gap on every dollar of revenue. On growth, NEW YORK TIMES CO posted the faster year-over-year revenue change (12.0% vs 7.6%). Over the past eight quarters, EPAM Systems's revenue compounded faster (10.5% CAGR vs 6.7%).

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.

The New York Times Company is an American mass media corporation that publishes The New York Times and its associated publications such as The New York Times International Edition and other media properties. The New York Times Company's headquarters are in the New York Times Building, a skyscraper in Manhattan, New York City.

EPAM vs NYT — Head-to-Head

Bigger by revenue
EPAM
EPAM
2.0× larger
EPAM
$1.4B
$712.2M
NYT
Growing faster (revenue YoY)
NYT
NYT
+4.4% gap
NYT
12.0%
7.6%
EPAM
Higher net margin
NYT
NYT
6.5% more per $
NYT
12.3%
5.9%
EPAM
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
10.5%
6.7%
NYT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EPAM
EPAM
NYT
NYT
Revenue
$1.4B
$712.2M
Net Profit
$82.5M
$87.9M
Gross Margin
Operating Margin
8.3%
12.7%
Net Margin
5.9%
12.3%
Revenue YoY
7.6%
12.0%
Net Profit YoY
12.3%
EPS (diluted)
$1.52
$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.

Revenue
EPAM
EPAM
NYT
NYT
Q1 26
$1.4B
$712.2M
Q4 25
$1.4B
$802.3M
Q3 25
$1.4B
$700.8M
Q2 25
$1.4B
$685.9M
Q1 25
$1.3B
$635.9M
Q4 24
$1.2B
$726.6M
Q3 24
$1.2B
$640.2M
Q2 24
$1.1B
$625.1M
Net Profit
EPAM
EPAM
NYT
NYT
Q1 26
$82.5M
$87.9M
Q4 25
$109.4M
$129.8M
Q3 25
$106.8M
$81.6M
Q2 25
$88.0M
$82.9M
Q1 25
$73.5M
$49.6M
Q4 24
$103.3M
$123.7M
Q3 24
$136.3M
$64.1M
Q2 24
$98.6M
$65.5M
Gross Margin
EPAM
EPAM
NYT
NYT
Q1 26
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%
Operating Margin
EPAM
EPAM
NYT
NYT
Q1 26
8.3%
12.7%
Q4 25
10.6%
20.1%
Q3 25
10.4%
15.0%
Q2 25
9.3%
15.5%
Q1 25
7.6%
9.2%
Q4 24
10.9%
20.2%
Q3 24
15.2%
12.0%
Q2 24
10.5%
12.7%
Net Margin
EPAM
EPAM
NYT
NYT
Q1 26
5.9%
12.3%
Q4 25
7.8%
16.2%
Q3 25
7.7%
11.7%
Q2 25
6.5%
12.1%
Q1 25
5.6%
7.8%
Q4 24
8.3%
17.0%
Q3 24
11.7%
10.0%
Q2 24
8.6%
10.5%
EPS (diluted)
EPAM
EPAM
NYT
NYT
Q1 26
$1.52
$0.54
Q4 25
$1.97
$0.79
Q3 25
$1.91
$0.50
Q2 25
$1.56
$0.50
Q1 25
$1.28
$0.30
Q4 24
$1.80
$0.74
Q3 24
$2.37
$0.39
Q2 24
$1.70
$0.40

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
NYT
NYT
Cash + ST InvestmentsLiquidity on hand
$1.0B
Total DebtLower is stronger
$165.0M
Stockholders' EquityBook value
$3.4B
Total Assets
$4.7B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
NYT
NYT
Q1 26
$1.0B
Q4 25
$1.3B
$642.2M
Q3 25
$1.2B
$617.4M
Q2 25
$1.0B
$540.2M
Q1 25
$1.2B
$522.1M
Q4 24
$1.3B
$565.9M
Q3 24
$2.1B
$492.9M
Q2 24
$1.8B
$411.4M
Total Debt
EPAM
EPAM
NYT
NYT
Q1 26
$165.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
EPAM
EPAM
NYT
NYT
Q1 26
$3.4B
Q4 25
$3.7B
$2.0B
Q3 25
$3.7B
$2.0B
Q2 25
$3.7B
$1.9B
Q1 25
$3.6B
$1.9B
Q4 24
$3.6B
$1.9B
Q3 24
$3.6B
$1.9B
Q2 24
$3.4B
$1.8B
Total Assets
EPAM
EPAM
NYT
NYT
Q1 26
$4.7B
Q4 25
$4.9B
$3.0B
Q3 25
$4.8B
$2.9B
Q2 25
$4.7B
$2.8B
Q1 25
$4.7B
$2.7B
Q4 24
$4.8B
$2.8B
Q3 24
$4.5B
$2.8B
Q2 24
$4.2B
$2.7B
Debt / Equity
EPAM
EPAM
NYT
NYT
Q1 26
0.05×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
NYT
NYT
Operating Cash FlowLast quarter
$92.2M
Free Cash FlowOCF − Capex
$81.5M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$542.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
NYT
NYT
Q1 26
$92.2M
Q4 25
$282.9M
$164.2M
Q3 25
$294.7M
$207.6M
Q2 25
$53.2M
$113.6M
Q1 25
$24.2M
$99.1M
Q4 24
$130.3M
$151.7M
Q3 24
$242.0M
$125.5M
Q2 24
$57.0M
$80.2M
Free Cash Flow
EPAM
EPAM
NYT
NYT
Q1 26
$81.5M
Q4 25
$268.1M
$157.6M
Q3 25
$286.4M
$199.7M
Q2 25
$43.4M
$103.3M
Q1 25
$14.8M
$89.9M
Q4 24
$114.5M
$143.6M
Q3 24
$237.0M
$118.4M
Q2 24
$52.3M
$72.6M
FCF Margin
EPAM
EPAM
NYT
NYT
Q1 26
11.4%
Q4 25
19.0%
19.6%
Q3 25
20.5%
28.5%
Q2 25
3.2%
15.1%
Q1 25
1.1%
14.1%
Q4 24
9.2%
19.8%
Q3 24
20.3%
18.5%
Q2 24
4.6%
11.6%
Capex Intensity
EPAM
EPAM
NYT
NYT
Q1 26
1.5%
Q4 25
1.1%
0.8%
Q3 25
0.6%
1.1%
Q2 25
0.7%
1.5%
Q1 25
0.7%
1.5%
Q4 24
1.3%
1.1%
Q3 24
0.4%
1.1%
Q2 24
0.4%
1.2%
Cash Conversion
EPAM
EPAM
NYT
NYT
Q1 26
1.05×
Q4 25
2.59×
1.26×
Q3 25
2.76×
2.54×
Q2 25
0.60×
1.37×
Q1 25
0.33×
2.00×
Q4 24
1.26×
1.23×
Q3 24
1.77×
1.96×
Q2 24
0.58×
1.22×

Financial Flow Comparison

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

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