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Side-by-side financial comparison of EPAM Systems (EPAM) and Organon & Co. (OGN). Click either name above to swap in a different company.
Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs -13.6%, a 21.4% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -5.3%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $96.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -3.6%).
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.
Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.
EPAM vs OGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $109.4M | $-205.0M |
| Gross Margin | 30.1% | 49.2% |
| Operating Margin | 10.6% | -9.8% |
| Net Margin | 7.8% | -13.6% |
| Revenue YoY | 12.8% | -5.3% |
| Net Profit YoY | 5.9% | -288.1% |
| EPS (diluted) | $1.97 | $-0.78 |
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 | $1.6B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.2B | $1.6B |
| Q4 25 | $109.4M | $-205.0M | ||
| Q3 25 | $106.8M | $160.0M | ||
| Q2 25 | $88.0M | $145.0M | ||
| Q1 25 | $73.5M | $87.0M | ||
| Q4 24 | $103.3M | $109.0M | ||
| Q3 24 | $136.3M | $359.0M | ||
| Q2 24 | $98.6M | $195.0M | ||
| Q1 24 | $116.2M | $201.0M |
| Q4 25 | 30.1% | 49.2% | ||
| Q3 25 | 29.5% | 53.5% | ||
| Q2 25 | 28.8% | 54.8% | ||
| Q1 25 | 26.9% | 55.6% | ||
| Q4 24 | 30.4% | 56.3% | ||
| Q3 24 | 34.6% | 58.3% | ||
| Q2 24 | 29.3% | 58.4% | ||
| Q1 24 | 28.4% | 59.0% |
| Q4 25 | 10.6% | -9.8% | ||
| Q3 25 | 10.4% | 15.2% | ||
| Q2 25 | 9.3% | 14.4% | ||
| Q1 25 | 7.6% | 6.7% | ||
| Q4 24 | 10.9% | 8.1% | ||
| Q3 24 | 15.2% | 13.1% | ||
| Q2 24 | 10.5% | 14.6% | ||
| Q1 24 | 9.5% | 14.5% |
| Q4 25 | 7.8% | -13.6% | ||
| Q3 25 | 7.7% | 10.0% | ||
| Q2 25 | 6.5% | 9.1% | ||
| Q1 25 | 5.6% | 5.8% | ||
| Q4 24 | 8.3% | 6.8% | ||
| Q3 24 | 11.7% | 22.7% | ||
| Q2 24 | 8.6% | 12.1% | ||
| Q1 24 | 10.0% | 12.4% |
| Q4 25 | $1.97 | $-0.78 | ||
| Q3 25 | $1.91 | $0.61 | ||
| Q2 25 | $1.56 | $0.56 | ||
| Q1 25 | $1.28 | $0.33 | ||
| Q4 24 | $1.80 | $0.42 | ||
| Q3 24 | $2.37 | $1.38 | ||
| Q2 24 | $1.70 | $0.75 | ||
| Q1 24 | $1.97 | $0.78 |
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 | $574.0M |
| Total DebtLower is stronger | — | $8.6B |
| Stockholders' EquityBook value | $3.7B | $752.0M |
| Total Assets | $4.9B | $12.9B |
| Debt / EquityLower = less leverage | — | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $574.0M | ||
| Q3 25 | $1.2B | $672.0M | ||
| Q2 25 | $1.0B | $599.0M | ||
| Q1 25 | $1.2B | $547.0M | ||
| Q4 24 | $1.3B | $675.0M | ||
| Q3 24 | $2.1B | $763.0M | ||
| Q2 24 | $1.8B | $704.0M | ||
| Q1 24 | $2.0B | $575.0M |
| Q4 25 | — | $8.6B | ||
| Q3 25 | — | $8.8B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.7B | ||
| Q2 24 | — | $8.7B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | $3.7B | $752.0M | ||
| Q3 25 | $3.7B | $906.0M | ||
| Q2 25 | $3.7B | $733.0M | ||
| Q1 25 | $3.6B | $542.0M | ||
| Q4 24 | $3.6B | $472.0M | ||
| Q3 24 | $3.6B | $493.0M | ||
| Q2 24 | $3.4B | $144.0M | ||
| Q1 24 | $3.5B | $48.0M |
| Q4 25 | $4.9B | $12.9B | ||
| Q3 25 | $4.8B | $13.6B | ||
| Q2 25 | $4.7B | $13.5B | ||
| Q1 25 | $4.7B | $13.2B | ||
| Q4 24 | $4.8B | $13.1B | ||
| Q3 24 | $4.5B | $12.8B | ||
| Q2 24 | $4.2B | $12.2B | ||
| Q1 24 | $4.4B | $11.9B |
| Q4 25 | — | 11.49× | ||
| Q3 25 | — | 9.74× | ||
| Q2 25 | — | 12.14× | ||
| Q1 25 | — | 16.52× | ||
| Q4 24 | — | 18.81× | ||
| Q3 24 | — | 17.75× | ||
| Q2 24 | — | 60.11× | ||
| Q1 24 | — | 181.54× |
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 | $141.0M |
| Free Cash FlowOCF − Capex | $268.1M | $96.0M |
| FCF MarginFCF / Revenue | 19.0% | 6.4% |
| Capex IntensityCapex / Revenue | 1.1% | 3.0% |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $141.0M | ||
| Q3 25 | $294.7M | $264.0M | ||
| Q2 25 | $53.2M | $220.0M | ||
| Q1 25 | $24.2M | $75.0M | ||
| Q4 24 | $130.3M | $390.0M | ||
| Q3 24 | $242.0M | $141.0M | ||
| Q2 24 | $57.0M | $332.0M | ||
| Q1 24 | $129.9M | $76.0M |
| Q4 25 | $268.1M | $96.0M | ||
| Q3 25 | $286.4M | $218.0M | ||
| Q2 25 | $43.4M | $181.0M | ||
| Q1 25 | $14.8M | $43.0M | ||
| Q4 24 | $114.5M | $335.0M | ||
| Q3 24 | $237.0M | $99.0M | ||
| Q2 24 | $52.3M | $300.0M | ||
| Q1 24 | $123.2M | $30.0M |
| Q4 25 | 19.0% | 6.4% | ||
| Q3 25 | 20.5% | 13.6% | ||
| Q2 25 | 3.2% | 11.4% | ||
| Q1 25 | 1.1% | 2.8% | ||
| Q4 24 | 9.2% | 21.0% | ||
| Q3 24 | 20.3% | 6.3% | ||
| Q2 24 | 4.6% | 18.7% | ||
| Q1 24 | 10.6% | 1.8% |
| Q4 25 | 1.1% | 3.0% | ||
| Q3 25 | 0.6% | 2.9% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 0.7% | 2.1% | ||
| Q4 24 | 1.3% | 3.5% | ||
| Q3 24 | 0.4% | 2.7% | ||
| Q2 24 | 0.4% | 2.0% | ||
| Q1 24 | 0.6% | 2.8% |
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | 1.65× | ||
| Q2 25 | 0.60× | 1.52× | ||
| Q1 25 | 0.33× | 0.86× | ||
| Q4 24 | 1.26× | 3.58× | ||
| Q3 24 | 1.77× | 0.39× | ||
| Q2 24 | 0.58× | 1.70× | ||
| Q1 24 | 1.12× | 0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
