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Side-by-side financial comparison of EPAM Systems (EPAM) and OLIN Corp (OLN). Click either name above to swap in a different company.

OLIN Corp is the larger business by last-quarter revenue ($1.7B vs $1.4B, roughly 1.2× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs -8.6%, a 16.4% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -0.4%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 0.9%).

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.

Olin Corporation is an American manufacturer of ammunition, chlorine, and sodium hydroxide. The company traces its roots to two companies, both founded in 1892: Franklin W. Olin's Equitable Powder Company and the Mathieson Alkali Works. Accidents at Olin chemical plants have exposed employees and nearby residents to health hazards.

EPAM vs OLN — Head-to-Head

Bigger by revenue
OLN
OLN
1.2× larger
OLN
$1.7B
$1.4B
EPAM
Growing faster (revenue YoY)
EPAM
EPAM
+13.1% gap
EPAM
12.8%
-0.4%
OLN
Higher net margin
EPAM
EPAM
16.4% more per $
EPAM
7.8%
-8.6%
OLN
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
0.9%
OLN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPAM
EPAM
OLN
OLN
Revenue
$1.4B
$1.7B
Net Profit
$109.4M
$-143.2M
Gross Margin
30.1%
1.9%
Operating Margin
10.6%
-9.4%
Net Margin
7.8%
-8.6%
Revenue YoY
12.8%
-0.4%
Net Profit YoY
5.9%
-1517.8%
EPS (diluted)
$1.97
$-1.25

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
OLN
OLN
Q4 25
$1.4B
$1.7B
Q3 25
$1.4B
$1.7B
Q2 25
$1.4B
$1.8B
Q1 25
$1.3B
$1.6B
Q4 24
$1.2B
$1.7B
Q3 24
$1.2B
$1.6B
Q2 24
$1.1B
$1.6B
Q1 24
$1.2B
$1.6B
Net Profit
EPAM
EPAM
OLN
OLN
Q4 25
$109.4M
$-143.2M
Q3 25
$106.8M
$43.7M
Q2 25
$88.0M
$-2.8M
Q1 25
$73.5M
$1.2M
Q4 24
$103.3M
$10.1M
Q3 24
$136.3M
$-25.2M
Q2 24
$98.6M
$72.3M
Q1 24
$116.2M
$47.8M
Gross Margin
EPAM
EPAM
OLN
OLN
Q4 25
30.1%
1.9%
Q3 25
29.5%
10.7%
Q2 25
28.8%
7.9%
Q1 25
26.9%
9.0%
Q4 24
30.4%
9.4%
Q3 24
34.6%
8.5%
Q2 24
29.3%
14.5%
Q1 24
28.4%
12.7%
Operating Margin
EPAM
EPAM
OLN
OLN
Q4 25
10.6%
-9.4%
Q3 25
10.4%
4.8%
Q2 25
9.3%
2.0%
Q1 25
7.6%
2.7%
Q4 24
10.9%
2.8%
Q3 24
15.2%
1.0%
Q2 24
10.5%
8.3%
Q1 24
9.5%
5.9%
Net Margin
EPAM
EPAM
OLN
OLN
Q4 25
7.8%
-8.6%
Q3 25
7.7%
2.6%
Q2 25
6.5%
-0.2%
Q1 25
5.6%
0.1%
Q4 24
8.3%
0.6%
Q3 24
11.7%
-1.6%
Q2 24
8.6%
4.4%
Q1 24
10.0%
2.9%
EPS (diluted)
EPAM
EPAM
OLN
OLN
Q4 25
$1.97
$-1.25
Q3 25
$1.91
$0.37
Q2 25
$1.56
$-0.01
Q1 25
$1.28
$0.01
Q4 24
$1.80
$0.10
Q3 24
$2.37
$-0.21
Q2 24
$1.70
$0.62
Q1 24
$1.97
$0.40

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
OLN
OLN
Cash + ST InvestmentsLiquidity on hand
$1.3B
$167.6M
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$3.7B
$1.8B
Total Assets
$4.9B
$7.3B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
OLN
OLN
Q4 25
$1.3B
$167.6M
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.2B
Q4 24
$1.3B
$175.6M
Q3 24
$2.1B
Q2 24
$1.8B
Q1 24
$2.0B
Total Debt
EPAM
EPAM
OLN
OLN
Q4 25
$2.8B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$2.7B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$2.7B
Stockholders' Equity
EPAM
EPAM
OLN
OLN
Q4 25
$3.7B
$1.8B
Q3 25
$3.7B
$2.0B
Q2 25
$3.7B
$2.0B
Q1 25
$3.6B
$2.0B
Q4 24
$3.6B
$2.0B
Q3 24
$3.6B
$2.1B
Q2 24
$3.4B
$2.1B
Q1 24
$3.5B
$2.2B
Total Assets
EPAM
EPAM
OLN
OLN
Q4 25
$4.9B
$7.3B
Q3 25
$4.8B
$7.6B
Q2 25
$4.7B
$7.7B
Q1 25
$4.7B
$7.7B
Q4 24
$4.8B
$7.6B
Q3 24
$4.5B
$7.5B
Q2 24
$4.2B
$7.7B
Q1 24
$4.4B
$7.6B
Debt / Equity
EPAM
EPAM
OLN
OLN
Q4 25
1.55×
Q3 25
1.52×
Q2 25
1.52×
Q1 25
1.50×
Q4 24
1.34×
Q3 24
1.34×
Q2 24
1.31×
Q1 24
1.24×

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
OLN
OLN
Operating Cash FlowLast quarter
$282.9M
$321.2M
Free Cash FlowOCF − Capex
$268.1M
FCF MarginFCF / Revenue
19.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
2.59×
TTM Free Cash FlowTrailing 4 quarters
$612.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
OLN
OLN
Q4 25
$282.9M
$321.2M
Q3 25
$294.7M
$26.7M
Q2 25
$53.2M
$212.3M
Q1 25
$24.2M
$-86.0M
Q4 24
$130.3M
$141.7M
Q3 24
$242.0M
$189.9M
Q2 24
$57.0M
$90.6M
Q1 24
$129.9M
$81.0M
Free Cash Flow
EPAM
EPAM
OLN
OLN
Q4 25
$268.1M
Q3 25
$286.4M
$-44.4M
Q2 25
$43.4M
Q1 25
$14.8M
$-147.4M
Q4 24
$114.5M
$90.7M
Q3 24
$237.0M
$146.6M
Q2 24
$52.3M
$34.1M
Q1 24
$123.2M
$36.7M
FCF Margin
EPAM
EPAM
OLN
OLN
Q4 25
19.0%
Q3 25
20.5%
-2.6%
Q2 25
3.2%
Q1 25
1.1%
-9.0%
Q4 24
9.2%
5.4%
Q3 24
20.3%
9.2%
Q2 24
4.6%
2.1%
Q1 24
10.6%
2.2%
Capex Intensity
EPAM
EPAM
OLN
OLN
Q4 25
1.1%
Q3 25
0.6%
4.2%
Q2 25
0.7%
Q1 25
0.7%
3.7%
Q4 24
1.3%
3.1%
Q3 24
0.4%
2.7%
Q2 24
0.4%
3.4%
Q1 24
0.6%
2.7%
Cash Conversion
EPAM
EPAM
OLN
OLN
Q4 25
2.59×
Q3 25
2.76×
0.61×
Q2 25
0.60×
Q1 25
0.33×
-71.67×
Q4 24
1.26×
14.03×
Q3 24
1.77×
Q2 24
0.58×
1.25×
Q1 24
1.12×
1.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPAM
EPAM

Segment breakdown not available.

OLN
OLN

Chlorinechlorinederivativesandothercoproducts$456.2M27%
Causticsoda$400.2M24%
Militaryandlawenforcement$304.6M18%
Epoxyresins$194.9M12%
Aromaticsandallylics$164.4M10%
Commercial$144.8M9%

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