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Side-by-side financial comparison of EPAM Systems (EPAM) and OLD REPUBLIC INTERNATIONAL CORP (ORI). Click either name above to swap in a different company.
OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.7× EPAM Systems). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 7.8%, a 6.0% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 6.7%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% 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.
Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.
EPAM vs ORI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.4B |
| Net Profit | $109.4M | $330.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | — |
| Net Margin | 7.8% | 13.8% |
| Revenue YoY | 12.8% | 6.7% |
| Net Profit YoY | 5.9% | -145.5% |
| EPS (diluted) | $1.97 | — |
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 | — | $2.4B | ||
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.1B | $1.9B |
| Q1 26 | — | $330.0M | ||
| Q4 25 | $109.4M | $206.5M | ||
| Q3 25 | $106.8M | $279.5M | ||
| Q2 25 | $88.0M | $204.4M | ||
| Q1 25 | $73.5M | $245.0M | ||
| Q4 24 | $103.3M | $105.3M | ||
| Q3 24 | $136.3M | $338.9M | ||
| Q2 24 | $98.6M | $91.8M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | 10.4% | 14.6% | ||
| Q2 25 | 9.3% | 11.8% | ||
| Q1 25 | 7.6% | 14.6% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 15.2% | 18.2% | ||
| Q2 24 | 10.5% | 6.1% |
| Q1 26 | — | 13.8% | ||
| Q4 25 | 7.8% | 8.6% | ||
| Q3 25 | 7.7% | 11.5% | ||
| Q2 25 | 6.5% | 9.3% | ||
| Q1 25 | 5.6% | 11.6% | ||
| Q4 24 | 8.3% | 5.3% | ||
| Q3 24 | 11.7% | 14.5% | ||
| Q2 24 | 8.6% | 4.9% |
| Q1 26 | — | — | ||
| Q4 25 | $1.97 | $0.82 | ||
| Q3 25 | $1.91 | $1.11 | ||
| Q2 25 | $1.56 | $0.81 | ||
| Q1 25 | $1.28 | $0.98 | ||
| Q4 24 | $1.80 | $0.42 | ||
| Q3 24 | $2.37 | $1.32 | ||
| Q2 24 | $1.70 | $0.35 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $5.9M |
| Total Assets | $4.9B | $29.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.8B | — |
| Q1 26 | — | $5.9M | ||
| Q4 25 | $3.7B | $5.9B | ||
| Q3 25 | $3.7B | $6.4B | ||
| Q2 25 | $3.7B | $6.2B | ||
| Q1 25 | $3.6B | $5.9B | ||
| Q4 24 | $3.6B | $5.6B | ||
| Q3 24 | $3.6B | $6.4B | ||
| Q2 24 | $3.4B | $6.0B |
| Q1 26 | — | $29.6M | ||
| Q4 25 | $4.9B | $29.9B | ||
| Q3 25 | $4.8B | $30.3B | ||
| Q2 25 | $4.7B | $29.3B | ||
| Q1 25 | $4.7B | $28.0B | ||
| Q4 24 | $4.8B | $27.8B | ||
| Q3 24 | $4.5B | $28.8B | ||
| Q2 24 | $4.2B | $27.5B |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $234.9M | ||
| Q3 25 | $294.7M | $563.9M | ||
| Q2 25 | $53.2M | $133.8M | ||
| Q1 25 | $24.2M | $231.7M | ||
| Q4 24 | $130.3M | $361.7M | ||
| Q3 24 | $242.0M | $474.8M | ||
| Q2 24 | $57.0M | $236.5M |
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | — | ||
| Q3 25 | $286.4M | — | ||
| Q2 25 | $43.4M | — | ||
| Q1 25 | $14.8M | — | ||
| Q4 24 | $114.5M | — | ||
| Q3 24 | $237.0M | — | ||
| Q2 24 | $52.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 4.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 1.14× | ||
| Q3 25 | 2.76× | 2.02× | ||
| Q2 25 | 0.60× | 0.65× | ||
| Q1 25 | 0.33× | 0.95× | ||
| Q4 24 | 1.26× | 3.43× | ||
| Q3 24 | 1.77× | 1.40× | ||
| Q2 24 | 0.58× | 2.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
ORI
| operating | $2.2B | 92% |
| net investment gains | $201.8M | 8% |
