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Side-by-side financial comparison of EPAM Systems (EPAM) and ON Semiconductor (ON). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× EPAM Systems). ON Semiconductor runs the higher net margin — 12.0% vs 5.9%, a 6.1% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (7.6% vs 4.7%). Over the past eight quarters, EPAM Systems's revenue compounded faster (10.5% CAGR vs -9.9%).
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.
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
EPAM vs ON — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $82.5M | $181.8M |
| Gross Margin | — | 38.5% |
| Operating Margin | 8.3% | 57.9% |
| Net Margin | 5.9% | 12.0% |
| Revenue YoY | 7.6% | 4.7% |
| Net Profit YoY | 12.3% | — |
| EPS (diluted) | $1.52 | $0.45 |
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.
| Q1 26 | $1.4B | $1.5B | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B |
| Q1 26 | $82.5M | $181.8M | ||
| Q4 25 | $109.4M | $255.0M | ||
| Q3 25 | $106.8M | $170.3M | ||
| Q2 25 | $88.0M | $-486.1M | ||
| Q1 25 | $73.5M | — | ||
| Q4 24 | $103.3M | $379.9M | ||
| Q3 24 | $136.3M | $401.7M | ||
| Q2 24 | $98.6M | $338.2M |
| Q1 26 | — | 38.5% | ||
| Q4 25 | 30.1% | 37.9% | ||
| Q3 25 | 29.5% | 37.6% | ||
| Q2 25 | 28.8% | 20.3% | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 30.4% | 45.2% | ||
| Q3 24 | 34.6% | 45.4% | ||
| Q2 24 | 29.3% | 45.2% |
| Q1 26 | 8.3% | 57.9% | ||
| Q4 25 | 10.6% | 17.0% | ||
| Q3 25 | 10.4% | 13.2% | ||
| Q2 25 | 9.3% | -39.7% | ||
| Q1 25 | 7.6% | — | ||
| Q4 24 | 10.9% | 23.7% | ||
| Q3 24 | 15.2% | 25.3% | ||
| Q2 24 | 10.5% | 22.4% |
| Q1 26 | 5.9% | 12.0% | ||
| Q4 25 | 7.8% | 16.4% | ||
| Q3 25 | 7.7% | 11.6% | ||
| Q2 25 | 6.5% | -33.6% | ||
| Q1 25 | 5.6% | — | ||
| Q4 24 | 8.3% | 22.1% | ||
| Q3 24 | 11.7% | 22.8% | ||
| Q2 24 | 8.6% | 19.5% |
| Q1 26 | $1.52 | $0.45 | ||
| Q4 25 | $1.97 | $0.63 | ||
| Q3 25 | $1.91 | $0.41 | ||
| Q2 25 | $1.56 | $-1.15 | ||
| Q1 25 | $1.28 | — | ||
| Q4 24 | $1.80 | $0.88 | ||
| Q3 24 | $2.37 | $0.93 | ||
| Q2 24 | $1.70 | $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 | $1.0B | $2.4B |
| Total DebtLower is stronger | $165.0M | $3.0B |
| Stockholders' EquityBook value | $3.4B | $7.3B |
| Total Assets | $4.7B | $12.0B |
| Debt / EquityLower = less leverage | 0.05× | 0.41× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | $2.4B | ||
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $1.2B | $2.8B | ||
| Q2 25 | $1.0B | $3.0B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $3.0B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $1.8B | $2.7B |
| Q1 26 | $165.0M | $3.0B | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
| Q1 26 | $3.4B | $7.3B | ||
| Q4 25 | $3.7B | $7.9B | ||
| Q3 25 | $3.7B | $7.9B | ||
| Q2 25 | $3.7B | $8.0B | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.6B | $8.8B | ||
| Q3 24 | $3.6B | $8.6B | ||
| Q2 24 | $3.4B | $8.3B |
| Q1 26 | $4.7B | $12.0B | ||
| Q4 25 | $4.9B | $13.0B | ||
| Q3 25 | $4.8B | $13.1B | ||
| Q2 25 | $4.7B | $13.3B | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.8B | $14.1B | ||
| Q3 24 | $4.5B | $13.9B | ||
| Q2 24 | $4.2B | $13.7B |
| Q1 26 | 0.05× | 0.41× | ||
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.41× |
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 | — | $239.1M |
| Free Cash FlowOCF − Capex | — | $217.2M |
| FCF MarginFCF / Revenue | — | 14.4% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $239.1M | ||
| Q4 25 | $282.9M | $418.7M | ||
| Q3 25 | $294.7M | $184.3M | ||
| Q2 25 | $53.2M | $602.3M | ||
| Q1 25 | $24.2M | — | ||
| Q4 24 | $130.3M | $579.7M | ||
| Q3 24 | $242.0M | $465.8M | ||
| Q2 24 | $57.0M | $362.2M |
| Q1 26 | — | $217.2M | ||
| Q4 25 | $268.1M | $372.4M | ||
| Q3 25 | $286.4M | $106.1M | ||
| Q2 25 | $43.4M | $454.7M | ||
| Q1 25 | $14.8M | — | ||
| Q4 24 | $114.5M | $434.8M | ||
| Q3 24 | $237.0M | $293.6M | ||
| Q2 24 | $52.3M | $207.7M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | 19.0% | 24.0% | ||
| Q3 25 | 20.5% | 7.2% | ||
| Q2 25 | 3.2% | 31.5% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 9.2% | 25.2% | ||
| Q3 24 | 20.3% | 16.7% | ||
| Q2 24 | 4.6% | 12.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 3.0% | ||
| Q3 25 | 0.6% | 5.3% | ||
| Q2 25 | 0.7% | 10.2% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 1.3% | 8.4% | ||
| Q3 24 | 0.4% | 9.8% | ||
| Q2 24 | 0.4% | 8.9% |
| Q1 26 | — | 1.32× | ||
| Q4 25 | 2.59× | 1.64× | ||
| Q3 25 | 2.76× | 1.08× | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.26× | 1.53× | ||
| Q3 24 | 1.77× | 1.16× | ||
| Q2 24 | 0.58× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
