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Side-by-side financial comparison of EPAM Systems (EPAM) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $853.7M, roughly 1.6× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 7.8%, a 15.3% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 11.0%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 7.2%).
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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
EPAM vs PRI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $853.7M |
| Net Profit | $109.4M | $197.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 28.9% |
| Net Margin | 7.8% | 23.1% |
| Revenue YoY | 12.8% | 11.0% |
| Net Profit YoY | 5.9% | 17.9% |
| EPS (diluted) | $1.97 | $6.11 |
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 | $853.7M | ||
| Q3 25 | $1.4B | $839.9M | ||
| Q2 25 | $1.4B | $793.3M | ||
| Q1 25 | $1.3B | $804.8M | ||
| Q4 24 | $1.2B | $768.8M | ||
| Q3 24 | $1.2B | $774.1M | ||
| Q2 24 | $1.1B | $803.4M | ||
| Q1 24 | $1.2B | $742.8M |
| Q4 25 | $109.4M | $197.0M | ||
| Q3 25 | $106.8M | $206.8M | ||
| Q2 25 | $88.0M | $178.3M | ||
| Q1 25 | $73.5M | $169.1M | ||
| Q4 24 | $103.3M | $167.1M | ||
| Q3 24 | $136.3M | $164.4M | ||
| Q2 24 | $98.6M | $1.2M | ||
| Q1 24 | $116.2M | $137.9M |
| 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% | 98.0% | ||
| Q1 24 | 28.4% | 98.2% |
| Q4 25 | 10.6% | 28.9% | ||
| Q3 25 | 10.4% | 32.3% | ||
| Q2 25 | 9.3% | 29.6% | ||
| Q1 25 | 7.6% | 27.5% | ||
| Q4 24 | 10.9% | 64.7% | ||
| Q3 24 | 15.2% | 32.9% | ||
| Q2 24 | 10.5% | 1.0% | ||
| Q1 24 | 9.5% | 24.1% |
| Q4 25 | 7.8% | 23.1% | ||
| Q3 25 | 7.7% | 24.6% | ||
| Q2 25 | 6.5% | 22.5% | ||
| Q1 25 | 5.6% | 21.0% | ||
| Q4 24 | 8.3% | 21.7% | ||
| Q3 24 | 11.7% | 21.2% | ||
| Q2 24 | 8.6% | 0.1% | ||
| Q1 24 | 10.0% | 18.6% |
| Q4 25 | $1.97 | $6.11 | ||
| Q3 25 | $1.91 | $6.35 | ||
| Q2 25 | $1.56 | $5.40 | ||
| Q1 25 | $1.28 | $5.05 | ||
| Q4 24 | $1.80 | $4.92 | ||
| Q3 24 | $2.37 | $4.83 | ||
| Q2 24 | $1.70 | $0.03 | ||
| Q1 24 | $1.97 | $3.93 |
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 | $756.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $2.4B |
| Total Assets | $4.9B | $15.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $756.2M | ||
| Q3 25 | $1.2B | $644.9M | ||
| Q2 25 | $1.0B | $621.2M | ||
| Q1 25 | $1.2B | $625.1M | ||
| Q4 24 | $1.3B | $687.8M | ||
| Q3 24 | $2.1B | $550.1M | ||
| Q2 24 | $1.8B | $627.3M | ||
| Q1 24 | $2.0B | $593.4M |
| Q4 25 | $3.7B | $2.4B | ||
| Q3 25 | $3.7B | $2.3B | ||
| Q2 25 | $3.7B | $2.3B | ||
| Q1 25 | $3.6B | $2.3B | ||
| Q4 24 | $3.6B | $2.3B | ||
| Q3 24 | $3.6B | $1.9B | ||
| Q2 24 | $3.4B | $2.1B | ||
| Q1 24 | $3.5B | $2.2B |
| Q4 25 | $4.9B | $15.0B | ||
| Q3 25 | $4.8B | $14.8B | ||
| Q2 25 | $4.7B | $14.8B | ||
| Q1 25 | $4.7B | $14.6B | ||
| Q4 24 | $4.8B | $14.6B | ||
| Q3 24 | $4.5B | $14.8B | ||
| Q2 24 | $4.2B | $14.6B | ||
| Q1 24 | $4.4B | $14.9B |
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 | $338.2M |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $338.2M | ||
| Q3 25 | $294.7M | $202.9M | ||
| Q2 25 | $53.2M | $162.6M | ||
| Q1 25 | $24.2M | $197.5M | ||
| Q4 24 | $130.3M | $270.6M | ||
| Q3 24 | $242.0M | $207.3M | ||
| Q2 24 | $57.0M | $173.3M | ||
| Q1 24 | $129.9M | $210.9M |
| 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× | 1.72× | ||
| Q3 25 | 2.76× | 0.98× | ||
| Q2 25 | 0.60× | 0.91× | ||
| Q1 25 | 0.33× | 1.17× | ||
| Q4 24 | 1.26× | 1.62× | ||
| Q3 24 | 1.77× | 1.26× | ||
| Q2 24 | 0.58× | 147.98× | ||
| Q1 24 | 1.12× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
