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Side-by-side financial comparison of EPAM Systems (EPAM) and PRICESMART INC (PSMT). Click either name above to swap in a different company.

EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× PRICESMART INC). EPAM Systems runs the higher net margin — 7.8% vs 2.9%, a 4.9% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 9.9%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $32.6M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 3.5%).

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.

PriceSmart, Inc. is a United States based operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of Price Club; Robert Price is chairman of the board.

EPAM vs PSMT — Head-to-Head

Bigger by revenue
EPAM
EPAM
1.0× larger
EPAM
$1.4B
$1.4B
PSMT
Growing faster (revenue YoY)
EPAM
EPAM
+2.8% gap
EPAM
12.8%
9.9%
PSMT
Higher net margin
EPAM
EPAM
4.9% more per $
EPAM
7.8%
2.9%
PSMT
More free cash flow
EPAM
EPAM
$235.5M more FCF
EPAM
$268.1M
$32.6M
PSMT
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
3.5%
PSMT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EPAM
EPAM
PSMT
PSMT
Revenue
$1.4B
$1.4B
Net Profit
$109.4M
$40.2M
Gross Margin
30.1%
17.7%
Operating Margin
10.6%
4.6%
Net Margin
7.8%
2.9%
Revenue YoY
12.8%
9.9%
Net Profit YoY
5.9%
7.3%
EPS (diluted)
$1.97
$1.29

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
PSMT
PSMT
Q4 25
$1.4B
$1.4B
Q3 25
$1.4B
$1.3B
Q2 25
$1.4B
$1.3B
Q1 25
$1.3B
$1.4B
Q4 24
$1.2B
$1.3B
Q3 24
$1.2B
$1.2B
Q2 24
$1.1B
$1.2B
Q1 24
$1.2B
$1.3B
Net Profit
EPAM
EPAM
PSMT
PSMT
Q4 25
$109.4M
$40.2M
Q3 25
$106.8M
$31.5M
Q2 25
$88.0M
$35.2M
Q1 25
$73.5M
$43.8M
Q4 24
$103.3M
$37.4M
Q3 24
$136.3M
$29.1M
Q2 24
$98.6M
$32.5M
Q1 24
$116.2M
$39.3M
Gross Margin
EPAM
EPAM
PSMT
PSMT
Q4 25
30.1%
17.7%
Q3 25
29.5%
Q2 25
28.8%
Q1 25
26.9%
17.1%
Q4 24
30.4%
17.4%
Q3 24
34.6%
Q2 24
29.3%
Q1 24
28.4%
Operating Margin
EPAM
EPAM
PSMT
PSMT
Q4 25
10.6%
4.6%
Q3 25
10.4%
4.0%
Q2 25
9.3%
4.3%
Q1 25
7.6%
4.8%
Q4 24
10.9%
4.6%
Q3 24
15.2%
4.0%
Q2 24
10.5%
4.1%
Q1 24
9.5%
4.9%
Net Margin
EPAM
EPAM
PSMT
PSMT
Q4 25
7.8%
2.9%
Q3 25
7.7%
2.4%
Q2 25
6.5%
2.7%
Q1 25
5.6%
3.2%
Q4 24
8.3%
3.0%
Q3 24
11.7%
2.4%
Q2 24
8.6%
2.6%
Q1 24
10.0%
3.0%
EPS (diluted)
EPAM
EPAM
PSMT
PSMT
Q4 25
$1.97
$1.29
Q3 25
$1.91
$1.02
Q2 25
$1.56
$1.14
Q1 25
$1.28
$1.45
Q4 24
$1.80
$1.21
Q3 24
$2.37
$0.94
Q2 24
$1.70
$1.08
Q1 24
$1.97
$1.31

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
PSMT
PSMT
Cash + ST InvestmentsLiquidity on hand
$1.3B
$320.6M
Total DebtLower is stronger
$180.3M
Stockholders' EquityBook value
$3.7B
$1.3B
Total Assets
$4.9B
$2.4B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
PSMT
PSMT
Q4 25
$1.3B
$320.6M
Q3 25
$1.2B
$314.2M
Q2 25
$1.0B
$262.4M
Q1 25
$1.2B
$247.3M
Q4 24
$1.3B
$222.2M
Q3 24
$2.1B
$225.5M
Q2 24
$1.8B
$228.2M
Q1 24
$2.0B
$264.2M
Total Debt
EPAM
EPAM
PSMT
PSMT
Q4 25
$180.3M
Q3 25
$186.6M
Q2 25
$103.1M
Q1 25
$107.1M
Q4 24
$115.6M
Q3 24
$130.4M
Q2 24
$135.1M
Q1 24
$140.0M
Stockholders' Equity
EPAM
EPAM
PSMT
PSMT
Q4 25
$3.7B
$1.3B
Q3 25
$3.7B
$1.2B
Q2 25
$3.7B
$1.2B
Q1 25
$3.6B
$1.2B
Q4 24
$3.6B
$1.2B
Q3 24
$3.6B
$1.1B
Q2 24
$3.4B
$1.1B
Q1 24
$3.5B
$1.1B
Total Assets
EPAM
EPAM
PSMT
PSMT
Q4 25
$4.9B
$2.4B
Q3 25
$4.8B
$2.3B
Q2 25
$4.7B
$2.1B
Q1 25
$4.7B
$2.1B
Q4 24
$4.8B
$2.1B
Q3 24
$4.5B
$2.0B
Q2 24
$4.2B
$2.0B
Q1 24
$4.4B
$2.0B
Debt / Equity
EPAM
EPAM
PSMT
PSMT
Q4 25
0.14×
Q3 25
0.15×
Q2 25
0.08×
Q1 25
0.09×
Q4 24
0.10×
Q3 24
0.12×
Q2 24
0.12×
Q1 24
0.13×

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
PSMT
PSMT
Operating Cash FlowLast quarter
$282.9M
$71.2M
Free Cash FlowOCF − Capex
$268.1M
$32.6M
FCF MarginFCF / Revenue
19.0%
2.4%
Capex IntensityCapex / Revenue
1.1%
2.8%
Cash ConversionOCF / Net Profit
2.59×
1.77×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$125.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
PSMT
PSMT
Q4 25
$282.9M
$71.2M
Q3 25
$294.7M
$82.1M
Q2 25
$53.2M
$52.8M
Q1 25
$24.2M
$87.9M
Q4 24
$130.3M
$38.5M
Q3 24
$242.0M
$41.8M
Q2 24
$57.0M
$38.1M
Q1 24
$129.9M
$86.6M
Free Cash Flow
EPAM
EPAM
PSMT
PSMT
Q4 25
$268.1M
$32.6M
Q3 25
$286.4M
$25.6M
Q2 25
$43.4M
$14.0M
Q1 25
$14.8M
$53.2M
Q4 24
$114.5M
$10.3M
Q3 24
$237.0M
$15.2M
Q2 24
$52.3M
$-308.0K
Q1 24
$123.2M
$16.4M
FCF Margin
EPAM
EPAM
PSMT
PSMT
Q4 25
19.0%
2.4%
Q3 25
20.5%
1.9%
Q2 25
3.2%
1.1%
Q1 25
1.1%
3.9%
Q4 24
9.2%
0.8%
Q3 24
20.3%
1.2%
Q2 24
4.6%
-0.0%
Q1 24
10.6%
1.3%
Capex Intensity
EPAM
EPAM
PSMT
PSMT
Q4 25
1.1%
2.8%
Q3 25
0.6%
4.2%
Q2 25
0.7%
2.9%
Q1 25
0.7%
2.5%
Q4 24
1.3%
2.2%
Q3 24
0.4%
2.2%
Q2 24
0.4%
3.1%
Q1 24
0.6%
5.4%
Cash Conversion
EPAM
EPAM
PSMT
PSMT
Q4 25
2.59×
1.77×
Q3 25
2.76×
2.60×
Q2 25
0.60×
1.50×
Q1 25
0.33×
2.01×
Q4 24
1.26×
1.03×
Q3 24
1.77×
1.44×
Q2 24
0.58×
1.17×
Q1 24
1.12×
2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPAM
EPAM

Segment breakdown not available.

PSMT
PSMT

Fresh Foods$454.9M33%
Caribbean Operations Segment$396.5M29%
Colombia Operations Segment$204.1M15%
Hardlines$162.6M12%
Softlines$99.8M7%
ship Income Member$24.5M2%
Health Services$14.5M1%
Other Revenue And Income$4.2M0%
United States Operations Segment$510.0K0%
Export Sales$359.0K0%

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