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Side-by-side financial comparison of EPAM Systems (EPAM) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× PACS Group, Inc.). EPAM Systems runs the higher net margin — 7.8% vs 4.4%, a 3.4% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 12.8%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
EPAM vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $109.4M | $59.7M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 7.0% |
| Net Margin | 7.8% | 4.4% |
| Revenue YoY | 12.8% | 18.4% |
| Net Profit YoY | 5.9% | 3022.5% |
| EPS (diluted) | $1.97 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.1B | $981.4M | ||
| Q1 24 | $1.2B | $934.3M |
| Q4 25 | $109.4M | $59.7M | ||
| Q3 25 | $106.8M | $52.4M | ||
| Q2 25 | $88.0M | $51.0M | ||
| Q1 25 | $73.5M | $28.5M | ||
| Q4 24 | $103.3M | $1.9M | ||
| Q3 24 | $136.3M | $15.6M | ||
| Q2 24 | $98.6M | $-10.9M | ||
| Q1 24 | $116.2M | $49.1M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 34.6% | 17.1% | ||
| Q2 24 | 29.3% | 22.3% | ||
| Q1 24 | 28.4% | 21.2% |
| Q4 25 | 10.6% | 7.0% | ||
| Q3 25 | 10.4% | 6.4% | ||
| Q2 25 | 9.3% | 6.2% | ||
| Q1 25 | 7.6% | 3.8% | ||
| Q4 24 | 10.9% | 1.7% | ||
| Q3 24 | 15.2% | 2.2% | ||
| Q2 24 | 10.5% | 0.1% | ||
| Q1 24 | 9.5% | 8.6% |
| Q4 25 | 7.8% | 4.4% | ||
| Q3 25 | 7.7% | 3.9% | ||
| Q2 25 | 6.5% | 3.9% | ||
| Q1 25 | 5.6% | 2.2% | ||
| Q4 24 | 8.3% | 0.2% | ||
| Q3 24 | 11.7% | 1.5% | ||
| Q2 24 | 8.6% | -1.1% | ||
| Q1 24 | 10.0% | 5.3% |
| Q4 25 | $1.97 | $0.42 | ||
| Q3 25 | $1.91 | $0.32 | ||
| Q2 25 | $1.56 | $0.31 | ||
| Q1 25 | $1.28 | $0.17 | ||
| Q4 24 | $1.80 | $-0.03 | ||
| Q3 24 | $2.37 | $0.10 | ||
| Q2 24 | $1.70 | $-0.07 | ||
| Q1 24 | $1.97 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | — | $353.2M |
| Stockholders' EquityBook value | $3.7B | $946.8M |
| Total Assets | $4.9B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $197.0M | ||
| Q3 25 | $1.2B | $355.7M | ||
| Q2 25 | $1.0B | $294.2M | ||
| Q1 25 | $1.2B | $287.5M | ||
| Q4 24 | $1.3B | $157.7M | ||
| Q3 24 | $2.1B | $49.5M | ||
| Q2 24 | $1.8B | $73.4M | ||
| Q1 24 | $2.0B | $81.2M |
| Q4 25 | — | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.7B | $946.8M | ||
| Q3 25 | $3.7B | $871.3M | ||
| Q2 25 | $3.7B | $806.8M | ||
| Q1 25 | $3.6B | $750.2M | ||
| Q4 24 | $3.6B | $709.6M | ||
| Q3 24 | $3.6B | $660.0M | ||
| Q2 24 | $3.4B | $572.1M | ||
| Q1 24 | $3.5B | $128.0M |
| Q4 25 | $4.9B | $5.6B | ||
| Q3 25 | $4.8B | $5.6B | ||
| Q2 25 | $4.7B | $5.5B | ||
| Q1 25 | $4.7B | $5.5B | ||
| Q4 24 | $4.8B | $5.2B | ||
| Q3 24 | $4.5B | $4.5B | ||
| Q2 24 | $4.2B | $3.9B | ||
| Q1 24 | $4.4B | $3.9B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-3.4M |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $-3.4M | ||
| Q3 25 | $294.7M | $204.8M | ||
| Q2 25 | $53.2M | $52.6M | ||
| Q1 25 | $24.2M | $150.2M | ||
| Q4 24 | $130.3M | $64.6M | ||
| Q3 24 | $242.0M | $209.2M | ||
| Q2 24 | $57.0M | $34.8M | ||
| Q1 24 | $129.9M | $58.8M |
| 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 24 | $123.2M | — |
| 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 24 | 10.6% | — |
| 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 24 | 0.6% | — |
| Q4 25 | 2.59× | -0.06× | ||
| Q3 25 | 2.76× | 3.91× | ||
| Q2 25 | 0.60× | 1.03× | ||
| Q1 25 | 0.33× | 5.28× | ||
| Q4 24 | 1.26× | 33.78× | ||
| Q3 24 | 1.77× | 13.39× | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 1.12× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
