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Side-by-side financial comparison of EPAM Systems (EPAM) and Public Storage (PSA). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× Public Storage). Public Storage runs the higher net margin — 41.7% vs 7.8%, a 33.9% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 3.3%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
EPAM vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $109.4M | $507.1M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 40.7% |
| Net Margin | 7.8% | 41.7% |
| Revenue YoY | 12.8% | 3.3% |
| Net Profit YoY | 5.9% | -17.5% |
| EPS (diluted) | $1.97 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $109.4M | $507.1M | ||
| Q3 25 | $106.8M | $511.1M | ||
| Q2 25 | $88.0M | $358.4M | ||
| Q1 25 | $73.5M | $407.8M | ||
| Q4 24 | $103.3M | $614.6M | ||
| Q3 24 | $136.3M | $430.3M | ||
| Q2 24 | $98.6M | $518.1M | ||
| Q1 24 | $116.2M | $508.9M |
| 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% | — | ||
| Q1 24 | 28.4% | — |
| Q4 25 | 10.6% | 40.7% | ||
| Q3 25 | 10.4% | 42.3% | ||
| Q2 25 | 9.3% | 30.4% | ||
| Q1 25 | 7.6% | 34.8% | ||
| Q4 24 | 10.9% | 52.4% | ||
| Q3 24 | 15.2% | 36.7% | ||
| Q2 24 | 10.5% | 44.6% | ||
| Q1 24 | 9.5% | 44.3% |
| Q4 25 | 7.8% | 41.7% | ||
| Q3 25 | 7.7% | 41.8% | ||
| Q2 25 | 6.5% | 29.8% | ||
| Q1 25 | 5.6% | 34.5% | ||
| Q4 24 | 8.3% | 52.2% | ||
| Q3 24 | 11.7% | 36.2% | ||
| Q2 24 | 8.6% | 44.2% | ||
| Q1 24 | 10.0% | 44.0% |
| Q4 25 | $1.97 | $2.59 | ||
| Q3 25 | $1.91 | $2.62 | ||
| Q2 25 | $1.56 | $1.76 | ||
| Q1 25 | $1.28 | $2.04 | ||
| Q4 24 | $1.80 | $3.22 | ||
| Q3 24 | $2.37 | $2.16 | ||
| Q2 24 | $1.70 | $2.66 | ||
| Q1 24 | $1.97 | $2.60 |
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 | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $3.7B | $9.2B |
| Total Assets | $4.9B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $318.1M | ||
| Q3 25 | $1.2B | $296.5M | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $1.2B | $287.2M | ||
| Q4 24 | $1.3B | $447.4M | ||
| Q3 24 | $2.1B | $599.0M | ||
| Q2 24 | $1.8B | $542.3M | ||
| Q1 24 | $2.0B | $271.6M |
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | $3.7B | $9.2B | ||
| Q3 25 | $3.7B | $9.3B | ||
| Q2 25 | $3.7B | $9.4B | ||
| Q1 25 | $3.6B | $9.6B | ||
| Q4 24 | $3.6B | $9.7B | ||
| Q3 24 | $3.6B | $9.6B | ||
| Q2 24 | $3.4B | $9.7B | ||
| Q1 24 | $3.5B | $9.9B |
| Q4 25 | $4.9B | $20.2B | ||
| Q3 25 | $4.8B | $20.1B | ||
| Q2 25 | $4.7B | $20.5B | ||
| Q1 25 | $4.7B | $19.6B | ||
| Q4 24 | $4.8B | $19.8B | ||
| Q3 24 | $4.5B | $19.8B | ||
| Q2 24 | $4.2B | $19.8B | ||
| Q1 24 | $4.4B | $19.6B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $733.6M | ||
| Q3 25 | $294.7M | $875.1M | ||
| Q2 25 | $53.2M | $872.7M | ||
| Q1 25 | $24.2M | $705.1M | ||
| Q4 24 | $130.3M | $768.6M | ||
| Q3 24 | $242.0M | $798.8M | ||
| Q2 24 | $57.0M | $895.3M | ||
| Q1 24 | $129.9M | $665.6M |
| 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× | 1.45× | ||
| Q3 25 | 2.76× | 1.71× | ||
| Q2 25 | 0.60× | 2.43× | ||
| Q1 25 | 0.33× | 1.73× | ||
| Q4 24 | 1.26× | 1.25× | ||
| Q3 24 | 1.77× | 1.86× | ||
| Q2 24 | 0.58× | 1.73× | ||
| Q1 24 | 1.12× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
