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Side-by-side financial comparison of EPAM Systems (EPAM) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $889.0M, roughly 1.6× PHINIA INC.). On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 6.7%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $67.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 1.5%).
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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
EPAM vs PHIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $889.0M |
| Net Profit | $109.4M | — |
| Gross Margin | 30.1% | 21.7% |
| Operating Margin | 10.6% | 7.8% |
| Net Margin | 7.8% | — |
| Revenue YoY | 12.8% | 6.7% |
| Net Profit YoY | 5.9% | — |
| EPS (diluted) | $1.97 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $1.4B | $908.0M | ||
| Q2 25 | $1.4B | $890.0M | ||
| Q1 25 | $1.3B | $796.0M | ||
| Q4 24 | $1.2B | $833.0M | ||
| Q3 24 | $1.2B | $839.0M | ||
| Q2 24 | $1.1B | $868.0M | ||
| Q1 24 | $1.2B | $863.0M |
| Q4 25 | $109.4M | — | ||
| Q3 25 | $106.8M | $13.0M | ||
| Q2 25 | $88.0M | $46.0M | ||
| Q1 25 | $73.5M | $26.0M | ||
| Q4 24 | $103.3M | — | ||
| Q3 24 | $136.3M | $31.0M | ||
| Q2 24 | $98.6M | $14.0M | ||
| Q1 24 | $116.2M | $29.0M |
| Q4 25 | 30.1% | 21.7% | ||
| Q3 25 | 29.5% | 22.0% | ||
| Q2 25 | 28.8% | 22.1% | ||
| Q1 25 | 26.9% | 21.6% | ||
| Q4 24 | 30.4% | 22.7% | ||
| Q3 24 | 34.6% | 22.3% | ||
| Q2 24 | 29.3% | 21.7% | ||
| Q1 24 | 28.4% | 22.2% |
| Q4 25 | 10.6% | 7.8% | ||
| Q3 25 | 10.4% | 3.7% | ||
| Q2 25 | 9.3% | 10.0% | ||
| Q1 25 | 7.6% | 7.8% | ||
| Q4 24 | 10.9% | 6.1% | ||
| Q3 24 | 15.2% | 7.9% | ||
| Q2 24 | 10.5% | 8.2% | ||
| Q1 24 | 9.5% | 8.2% |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 7.7% | 1.4% | ||
| Q2 25 | 6.5% | 5.2% | ||
| Q1 25 | 5.6% | 3.3% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 11.7% | 3.7% | ||
| Q2 24 | 8.6% | 1.6% | ||
| Q1 24 | 10.0% | 3.4% |
| Q4 25 | $1.97 | $1.14 | ||
| Q3 25 | $1.91 | $0.33 | ||
| Q2 25 | $1.56 | $1.14 | ||
| Q1 25 | $1.28 | $0.63 | ||
| Q4 24 | $1.80 | $0.13 | ||
| Q3 24 | $2.37 | $0.70 | ||
| Q2 24 | $1.70 | $0.31 | ||
| Q1 24 | $1.97 | $0.62 |
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 | $359.0M |
| Total DebtLower is stronger | — | $970.0M |
| Stockholders' EquityBook value | $3.7B | $1.6B |
| Total Assets | $4.9B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $359.0M | ||
| Q3 25 | $1.2B | $349.0M | ||
| Q2 25 | $1.0B | $347.0M | ||
| Q1 25 | $1.2B | $373.0M | ||
| Q4 24 | $1.3B | $484.0M | ||
| Q3 24 | $2.1B | $477.0M | ||
| Q2 24 | $1.8B | $339.0M | ||
| Q1 24 | $2.0B | $325.0M |
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M | ||
| Q1 24 | — | $706.0M |
| Q4 25 | $3.7B | $1.6B | ||
| Q3 25 | $3.7B | $1.6B | ||
| Q2 25 | $3.7B | $1.6B | ||
| Q1 25 | $3.6B | $1.5B | ||
| Q4 24 | $3.6B | $1.6B | ||
| Q3 24 | $3.6B | $1.7B | ||
| Q2 24 | $3.4B | $1.7B | ||
| Q1 24 | $3.5B | $1.9B |
| Q4 25 | $4.9B | $3.8B | ||
| Q3 25 | $4.8B | $4.0B | ||
| Q2 25 | $4.7B | $3.9B | ||
| Q1 25 | $4.7B | $3.7B | ||
| Q4 24 | $4.8B | $3.8B | ||
| Q3 24 | $4.5B | $4.0B | ||
| Q2 24 | $4.2B | $3.9B | ||
| Q1 24 | $4.4B | $4.0B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.38× |
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 | $96.0M |
| Free Cash FlowOCF − Capex | $268.1M | $67.0M |
| FCF MarginFCF / Revenue | 19.0% | 7.5% |
| Capex IntensityCapex / Revenue | 1.1% | 3.3% |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $96.0M | ||
| Q3 25 | $294.7M | $119.0M | ||
| Q2 25 | $53.2M | $57.0M | ||
| Q1 25 | $24.2M | $40.0M | ||
| Q4 24 | $130.3M | $73.0M | ||
| Q3 24 | $242.0M | $95.0M | ||
| Q2 24 | $57.0M | $109.0M | ||
| Q1 24 | $129.9M | $31.0M |
| Q4 25 | $268.1M | $67.0M | ||
| Q3 25 | $286.4M | $93.0M | ||
| Q2 25 | $43.4M | $23.0M | ||
| Q1 25 | $14.8M | $5.0M | ||
| Q4 24 | $114.5M | $53.0M | ||
| Q3 24 | $237.0M | $70.0M | ||
| Q2 24 | $52.3M | $92.0M | ||
| Q1 24 | $123.2M | $-12.0M |
| Q4 25 | 19.0% | 7.5% | ||
| Q3 25 | 20.5% | 10.2% | ||
| Q2 25 | 3.2% | 2.6% | ||
| Q1 25 | 1.1% | 0.6% | ||
| Q4 24 | 9.2% | 6.4% | ||
| Q3 24 | 20.3% | 8.3% | ||
| Q2 24 | 4.6% | 10.6% | ||
| Q1 24 | 10.6% | -1.4% |
| Q4 25 | 1.1% | 3.3% | ||
| Q3 25 | 0.6% | 2.9% | ||
| Q2 25 | 0.7% | 3.8% | ||
| Q1 25 | 0.7% | 4.4% | ||
| Q4 24 | 1.3% | 2.4% | ||
| Q3 24 | 0.4% | 3.0% | ||
| Q2 24 | 0.4% | 2.0% | ||
| Q1 24 | 0.6% | 5.0% |
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | 9.15× | ||
| Q2 25 | 0.60× | 1.24× | ||
| Q1 25 | 0.33× | 1.54× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | 3.06× | ||
| Q2 24 | 0.58× | 7.79× | ||
| Q1 24 | 1.12× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
