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Side-by-side financial comparison of EPAM Systems (EPAM) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $924.2M, roughly 1.5× PATRICK INDUSTRIES INC). EPAM Systems runs the higher net margin — 7.8% vs 3.1%, a 4.6% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 9.2%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $112.7M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -0.5%).
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.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
EPAM vs PATK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $924.2M |
| Net Profit | $109.4M | $29.1M |
| Gross Margin | 30.1% | 23.0% |
| Operating Margin | 10.6% | 6.2% |
| Net Margin | 7.8% | 3.1% |
| Revenue YoY | 12.8% | 9.2% |
| Net Profit YoY | 5.9% | 99.7% |
| EPS (diluted) | $1.97 | $0.82 |
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 | $924.2M | ||
| Q3 25 | $1.4B | $975.6M | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.2B | $846.1M | ||
| Q3 24 | $1.2B | $919.4M | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.2B | $933.5M |
| Q4 25 | $109.4M | $29.1M | ||
| Q3 25 | $106.8M | $35.3M | ||
| Q2 25 | $88.0M | $32.4M | ||
| Q1 25 | $73.5M | $38.2M | ||
| Q4 24 | $103.3M | $14.6M | ||
| Q3 24 | $136.3M | $40.9M | ||
| Q2 24 | $98.6M | $47.9M | ||
| Q1 24 | $116.2M | $35.1M |
| Q4 25 | 30.1% | 23.0% | ||
| Q3 25 | 29.5% | 22.6% | ||
| Q2 25 | 28.8% | 23.9% | ||
| Q1 25 | 26.9% | 22.8% | ||
| Q4 24 | 30.4% | 22.1% | ||
| Q3 24 | 34.6% | 23.1% | ||
| Q2 24 | 29.3% | 22.8% | ||
| Q1 24 | 28.4% | 21.9% |
| Q4 25 | 10.6% | 6.2% | ||
| Q3 25 | 10.4% | 6.8% | ||
| Q2 25 | 9.3% | 8.3% | ||
| Q1 25 | 7.6% | 6.5% | ||
| Q4 24 | 10.9% | 4.7% | ||
| Q3 24 | 15.2% | 8.1% | ||
| Q2 24 | 10.5% | 8.3% | ||
| Q1 24 | 9.5% | 6.4% |
| Q4 25 | 7.8% | 3.1% | ||
| Q3 25 | 7.7% | 3.6% | ||
| Q2 25 | 6.5% | 3.1% | ||
| Q1 25 | 5.6% | 3.8% | ||
| Q4 24 | 8.3% | 1.7% | ||
| Q3 24 | 11.7% | 4.4% | ||
| Q2 24 | 8.6% | 4.7% | ||
| Q1 24 | 10.0% | 3.8% |
| Q4 25 | $1.97 | $0.82 | ||
| Q3 25 | $1.91 | $1.01 | ||
| Q2 25 | $1.56 | $0.96 | ||
| Q1 25 | $1.28 | $1.11 | ||
| Q4 24 | $1.80 | $-1.44 | ||
| Q3 24 | $2.37 | $1.80 | ||
| Q2 24 | $1.70 | $2.16 | ||
| Q1 24 | $1.97 | $1.59 |
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 | $26.4M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $3.7B | $1.2B |
| Total Assets | $4.9B | $3.1B |
| Debt / EquityLower = less leverage | — | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $26.4M | ||
| Q3 25 | $1.2B | $20.7M | ||
| Q2 25 | $1.0B | $22.0M | ||
| Q1 25 | $1.2B | $86.6M | ||
| Q4 24 | $1.3B | $33.6M | ||
| Q3 24 | $2.1B | $52.6M | ||
| Q2 24 | $1.8B | $44.0M | ||
| Q1 24 | $2.0B | $17.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.7B | $1.2B | ||
| Q3 25 | $3.7B | $1.2B | ||
| Q2 25 | $3.7B | $1.1B | ||
| Q1 25 | $3.6B | $1.1B | ||
| Q4 24 | $3.6B | $1.1B | ||
| Q3 24 | $3.6B | $1.1B | ||
| Q2 24 | $3.4B | $1.1B | ||
| Q1 24 | $3.5B | $1.1B |
| Q4 25 | $4.9B | $3.1B | ||
| Q3 25 | $4.8B | $3.1B | ||
| Q2 25 | $4.7B | $3.1B | ||
| Q1 25 | $4.7B | $3.2B | ||
| Q4 24 | $4.8B | $3.0B | ||
| Q3 24 | $4.5B | $3.1B | ||
| Q2 24 | $4.2B | $3.0B | ||
| Q1 24 | $4.4B | $3.0B |
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| 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 | $130.8M |
| Free Cash FlowOCF − Capex | $268.1M | $112.7M |
| FCF MarginFCF / Revenue | 19.0% | 12.2% |
| Capex IntensityCapex / Revenue | 1.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.59× | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $130.8M | ||
| Q3 25 | $294.7M | $9.1M | ||
| Q2 25 | $53.2M | $149.4M | ||
| Q1 25 | $24.2M | $40.1M | ||
| Q4 24 | $130.3M | $102.7M | ||
| Q3 24 | $242.0M | $51.5M | ||
| Q2 24 | $57.0M | $137.5M | ||
| Q1 24 | $129.9M | $35.2M |
| Q4 25 | $268.1M | $112.7M | ||
| Q3 25 | $286.4M | $-17.2M | ||
| Q2 25 | $43.4M | $131.1M | ||
| Q1 25 | $14.8M | $19.9M | ||
| Q4 24 | $114.5M | $77.2M | ||
| Q3 24 | $237.0M | $33.7M | ||
| Q2 24 | $52.3M | $120.6M | ||
| Q1 24 | $123.2M | $19.7M |
| Q4 25 | 19.0% | 12.2% | ||
| Q3 25 | 20.5% | -1.8% | ||
| Q2 25 | 3.2% | 12.5% | ||
| Q1 25 | 1.1% | 2.0% | ||
| Q4 24 | 9.2% | 9.1% | ||
| Q3 24 | 20.3% | 3.7% | ||
| Q2 24 | 4.6% | 11.9% | ||
| Q1 24 | 10.6% | 2.1% |
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 0.6% | 2.7% | ||
| Q2 25 | 0.7% | 1.7% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 1.3% | 3.0% | ||
| Q3 24 | 0.4% | 1.9% | ||
| Q2 24 | 0.4% | 1.7% | ||
| Q1 24 | 0.6% | 1.7% |
| Q4 25 | 2.59× | 4.50× | ||
| Q3 25 | 2.76× | 0.26× | ||
| Q2 25 | 0.60× | 4.61× | ||
| Q1 25 | 0.33× | 1.05× | ||
| Q4 24 | 1.26× | 7.05× | ||
| Q3 24 | 1.77× | 1.26× | ||
| Q2 24 | 0.58× | 2.87× | ||
| Q1 24 | 1.12× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
