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Side-by-side financial comparison of EPAM Systems (EPAM) and RH (RH). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $883.8M, roughly 1.6× RH). EPAM Systems runs the higher net margin — 7.8% vs 4.1%, a 3.7% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 8.9%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $83.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 9.4%).
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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
EPAM vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $883.8M |
| Net Profit | $109.4M | $36.3M |
| Gross Margin | 30.1% | 44.1% |
| Operating Margin | 10.6% | 12.0% |
| Net Margin | 7.8% | 4.1% |
| Revenue YoY | 12.8% | 8.9% |
| Net Profit YoY | 5.9% | 9.3% |
| EPS (diluted) | $1.97 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $1.4B | $899.2M | ||
| Q2 25 | $1.4B | $814.0M | ||
| Q1 25 | $1.3B | $812.4M | ||
| Q4 24 | $1.2B | $811.7M | ||
| Q3 24 | $1.2B | $829.7M | ||
| Q2 24 | $1.1B | $727.0M | ||
| Q1 24 | $1.2B | $738.3M |
| Q4 25 | $109.4M | $36.3M | ||
| Q3 25 | $106.8M | $51.7M | ||
| Q2 25 | $88.0M | $8.0M | ||
| Q1 25 | $73.5M | $13.9M | ||
| Q4 24 | $103.3M | $33.2M | ||
| Q3 24 | $136.3M | $29.0M | ||
| Q2 24 | $98.6M | $-3.6M | ||
| Q1 24 | $116.2M | $11.4M |
| Q4 25 | 30.1% | 44.1% | ||
| Q3 25 | 29.5% | 45.5% | ||
| Q2 25 | 28.8% | 43.7% | ||
| Q1 25 | 26.9% | 44.7% | ||
| Q4 24 | 30.4% | 44.5% | ||
| Q3 24 | 34.6% | 45.2% | ||
| Q2 24 | 29.3% | 43.5% | ||
| Q1 24 | 28.4% | 43.5% |
| Q4 25 | 10.6% | 12.0% | ||
| Q3 25 | 10.4% | 14.3% | ||
| Q2 25 | 9.3% | 6.9% | ||
| Q1 25 | 7.6% | 8.7% | ||
| Q4 24 | 10.9% | 12.5% | ||
| Q3 24 | 15.2% | 11.6% | ||
| Q2 24 | 10.5% | 7.5% | ||
| Q1 24 | 9.5% | 8.7% |
| Q4 25 | 7.8% | 4.1% | ||
| Q3 25 | 7.7% | 5.8% | ||
| Q2 25 | 6.5% | 1.0% | ||
| Q1 25 | 5.6% | 1.7% | ||
| Q4 24 | 8.3% | 4.1% | ||
| Q3 24 | 11.7% | 3.5% | ||
| Q2 24 | 8.6% | -0.5% | ||
| Q1 24 | 10.0% | 1.5% |
| Q4 25 | $1.97 | $1.83 | ||
| Q3 25 | $1.91 | $2.62 | ||
| Q2 25 | $1.56 | $0.40 | ||
| Q1 25 | $1.28 | $0.71 | ||
| Q4 24 | $1.80 | $1.66 | ||
| Q3 24 | $2.37 | $1.45 | ||
| Q2 24 | $1.70 | $-0.20 | ||
| Q1 24 | $1.97 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $3.3M |
| Total Assets | $4.9B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $43.1M | ||
| Q3 25 | $1.2B | $34.6M | ||
| Q2 25 | $1.0B | $46.1M | ||
| Q1 25 | $1.2B | $30.4M | ||
| Q4 24 | $1.3B | $87.0M | ||
| Q3 24 | $2.1B | $78.3M | ||
| Q2 24 | $1.8B | $101.8M | ||
| Q1 24 | $2.0B | $123.7M |
| Q4 25 | $3.7B | $3.3M | ||
| Q3 25 | $3.7B | $-40.9M | ||
| Q2 25 | $3.7B | $-110.8M | ||
| Q1 25 | $3.6B | $-163.6M | ||
| Q4 24 | $3.6B | $-183.0M | ||
| Q3 24 | $3.6B | $-234.7M | ||
| Q2 24 | $3.4B | $-289.9M | ||
| Q1 24 | $3.5B | $-297.4M |
| Q4 25 | $4.9B | $4.8B | ||
| Q3 25 | $4.8B | $4.7B | ||
| Q2 25 | $4.7B | $4.7B | ||
| Q1 25 | $4.7B | $4.6B | ||
| Q4 24 | $4.8B | $4.5B | ||
| Q3 24 | $4.5B | $4.4B | ||
| Q2 24 | $4.2B | $4.2B | ||
| Q1 24 | $4.4B | $4.1B |
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 | $131.9M |
| Free Cash FlowOCF − Capex | $268.1M | $83.0M |
| FCF MarginFCF / Revenue | 19.0% | 9.4% |
| Capex IntensityCapex / Revenue | 1.1% | 5.5% |
| Cash ConversionOCF / Net Profit | 2.59× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $131.9M | ||
| Q3 25 | $294.7M | $137.7M | ||
| Q2 25 | $53.2M | $86.6M | ||
| Q1 25 | $24.2M | $-18.8M | ||
| Q4 24 | $130.3M | $-31.4M | ||
| Q3 24 | $242.0M | $11.2M | ||
| Q2 24 | $57.0M | $56.1M | ||
| Q1 24 | $129.9M | $-114.0M |
| Q4 25 | $268.1M | $83.0M | ||
| Q3 25 | $286.4M | $80.7M | ||
| Q2 25 | $43.4M | $34.1M | ||
| Q1 25 | $14.8M | $-69.7M | ||
| Q4 24 | $114.5M | $-96.0M | ||
| Q3 24 | $237.0M | $-37.9M | ||
| Q2 24 | $52.3M | $-10.1M | ||
| Q1 24 | $123.2M | $-251.5M |
| Q4 25 | 19.0% | 9.4% | ||
| Q3 25 | 20.5% | 9.0% | ||
| Q2 25 | 3.2% | 4.2% | ||
| Q1 25 | 1.1% | -8.6% | ||
| Q4 24 | 9.2% | -11.8% | ||
| Q3 24 | 20.3% | -4.6% | ||
| Q2 24 | 4.6% | -1.4% | ||
| Q1 24 | 10.6% | -34.1% |
| Q4 25 | 1.1% | 5.5% | ||
| Q3 25 | 0.6% | 6.3% | ||
| Q2 25 | 0.7% | 6.5% | ||
| Q1 25 | 0.7% | 6.3% | ||
| Q4 24 | 1.3% | 8.0% | ||
| Q3 24 | 0.4% | 5.9% | ||
| Q2 24 | 0.4% | 9.1% | ||
| Q1 24 | 0.6% | 18.6% |
| Q4 25 | 2.59× | 3.64× | ||
| Q3 25 | 2.76× | 2.66× | ||
| Q2 25 | 0.60× | 10.78× | ||
| Q1 25 | 0.33× | -1.35× | ||
| Q4 24 | 1.26× | -0.95× | ||
| Q3 24 | 1.77× | 0.39× | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 1.12× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
