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Side-by-side financial comparison of EPAM Systems (EPAM) and PORTLAND GENERAL ELECTRIC CO (POR). 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× PORTLAND GENERAL ELECTRIC CO). EPAM Systems runs the higher net margin — 7.8% vs 4.6%, a 3.2% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 7.9%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $-142.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -2.2%).

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.

Portland General Electric (PGE) is a Fortune 1000, publicly traded energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon's commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 199...

EPAM vs POR — Head-to-Head

Bigger by revenue
EPAM
EPAM
1.6× larger
EPAM
$1.4B
$889.0M
POR
Growing faster (revenue YoY)
EPAM
EPAM
+4.9% gap
EPAM
12.8%
7.9%
POR
Higher net margin
EPAM
EPAM
3.2% more per $
EPAM
7.8%
4.6%
POR
More free cash flow
EPAM
EPAM
$410.1M more FCF
EPAM
$268.1M
$-142.0M
POR
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
-2.2%
POR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPAM
EPAM
POR
POR
Revenue
$1.4B
$889.0M
Net Profit
$109.4M
$41.0M
Gross Margin
30.1%
Operating Margin
10.6%
10.7%
Net Margin
7.8%
4.6%
Revenue YoY
12.8%
7.9%
Net Profit YoY
5.9%
7.9%
EPS (diluted)
$1.97
$0.36

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.

Revenue
EPAM
EPAM
POR
POR
Q4 25
$1.4B
$889.0M
Q3 25
$1.4B
$952.0M
Q2 25
$1.4B
$807.0M
Q1 25
$1.3B
$928.0M
Q4 24
$1.2B
$824.0M
Q3 24
$1.2B
$929.0M
Q2 24
$1.1B
$758.0M
Q1 24
$1.2B
$929.0M
Net Profit
EPAM
EPAM
POR
POR
Q4 25
$109.4M
$41.0M
Q3 25
$106.8M
$103.0M
Q2 25
$88.0M
$62.0M
Q1 25
$73.5M
$100.0M
Q4 24
$103.3M
$38.0M
Q3 24
$136.3M
$94.0M
Q2 24
$98.6M
$72.0M
Q1 24
$116.2M
$109.0M
Gross Margin
EPAM
EPAM
POR
POR
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 24
28.4%
Operating Margin
EPAM
EPAM
POR
POR
Q4 25
10.6%
10.7%
Q3 25
10.4%
18.3%
Q2 25
9.3%
14.6%
Q1 25
7.6%
18.1%
Q4 24
10.9%
10.7%
Q3 24
15.2%
15.7%
Q2 24
10.5%
15.3%
Q1 24
9.5%
17.4%
Net Margin
EPAM
EPAM
POR
POR
Q4 25
7.8%
4.6%
Q3 25
7.7%
10.8%
Q2 25
6.5%
7.7%
Q1 25
5.6%
10.8%
Q4 24
8.3%
4.6%
Q3 24
11.7%
10.1%
Q2 24
8.6%
9.5%
Q1 24
10.0%
11.7%
EPS (diluted)
EPAM
EPAM
POR
POR
Q4 25
$1.97
$0.36
Q3 25
$1.91
$0.94
Q2 25
$1.56
$0.56
Q1 25
$1.28
$0.91
Q4 24
$1.80
$0.34
Q3 24
$2.37
$0.90
Q2 24
$1.70
$0.69
Q1 24
$1.97
$1.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EPAM
EPAM
POR
POR
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$3.7B
$4.1B
Total Assets
$4.9B
$13.2B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
POR
POR
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 24
$2.0B
Total Debt
EPAM
EPAM
POR
POR
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$4.7B
Q1 25
$4.7B
Q4 24
$4.5B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$4.4B
Stockholders' Equity
EPAM
EPAM
POR
POR
Q4 25
$3.7B
$4.1B
Q3 25
$3.7B
$4.0B
Q2 25
$3.7B
$3.9B
Q1 25
$3.6B
$3.8B
Q4 24
$3.6B
$3.8B
Q3 24
$3.6B
$3.6B
Q2 24
$3.4B
$3.5B
Q1 24
$3.5B
$3.5B
Total Assets
EPAM
EPAM
POR
POR
Q4 25
$4.9B
$13.2B
Q3 25
$4.8B
$13.0B
Q2 25
$4.7B
$12.7B
Q1 25
$4.7B
$12.7B
Q4 24
$4.8B
$12.5B
Q3 24
$4.5B
$11.9B
Q2 24
$4.2B
$11.6B
Q1 24
$4.4B
$11.6B
Debt / Equity
EPAM
EPAM
POR
POR
Q4 25
1.13×
Q3 25
1.20×
Q2 25
1.23×
Q1 25
1.23×
Q4 24
1.20×
Q3 24
1.22×
Q2 24
1.27×
Q1 24
1.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EPAM
EPAM
POR
POR
Operating Cash FlowLast quarter
$282.9M
$148.0M
Free Cash FlowOCF − Capex
$268.1M
$-142.0M
FCF MarginFCF / Revenue
19.0%
-16.0%
Capex IntensityCapex / Revenue
1.1%
32.6%
Cash ConversionOCF / Net Profit
2.59×
3.61×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$-71.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
POR
POR
Q4 25
$282.9M
$148.0M
Q3 25
$294.7M
$403.0M
Q2 25
$53.2M
$336.0M
Q1 25
$24.2M
$231.0M
Q4 24
$130.3M
$170.0M
Q3 24
$242.0M
$244.0M
Q2 24
$57.0M
$189.0M
Q1 24
$129.9M
$175.0M
Free Cash Flow
EPAM
EPAM
POR
POR
Q4 25
$268.1M
$-142.0M
Q3 25
$286.4M
$100.0M
Q2 25
$43.4M
$99.0M
Q1 25
$14.8M
$-128.0M
Q4 24
$114.5M
$-222.0M
Q3 24
$237.0M
$-9.0M
Q2 24
$52.3M
$-109.0M
Q1 24
$123.2M
$-150.0M
FCF Margin
EPAM
EPAM
POR
POR
Q4 25
19.0%
-16.0%
Q3 25
20.5%
10.5%
Q2 25
3.2%
12.3%
Q1 25
1.1%
-13.8%
Q4 24
9.2%
-26.9%
Q3 24
20.3%
-1.0%
Q2 24
4.6%
-14.4%
Q1 24
10.6%
-16.1%
Capex Intensity
EPAM
EPAM
POR
POR
Q4 25
1.1%
32.6%
Q3 25
0.6%
31.8%
Q2 25
0.7%
29.4%
Q1 25
0.7%
38.7%
Q4 24
1.3%
47.6%
Q3 24
0.4%
27.2%
Q2 24
0.4%
39.3%
Q1 24
0.6%
35.0%
Cash Conversion
EPAM
EPAM
POR
POR
Q4 25
2.59×
3.61×
Q3 25
2.76×
3.91×
Q2 25
0.60×
5.42×
Q1 25
0.33×
2.31×
Q4 24
1.26×
4.47×
Q3 24
1.77×
2.60×
Q2 24
0.58×
2.63×
Q1 24
1.12×
1.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EPAM
EPAM

Segment breakdown not available.

POR
POR

Other$507.0M57%
Commercial$231.0M26%
Industrial$140.0M16%
Direct Accesscustomers$11.0M1%

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