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Side-by-side financial comparison of EPAM Systems (EPAM) and Ralph Lauren Corporation (RL). Click either name above to swap in a different company.

Ralph Lauren Corporation is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.7× EPAM Systems). Ralph Lauren Corporation runs the higher net margin — 15.0% vs 7.8%, a 7.3% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 12.2%). Ralph Lauren Corporation produced more free cash flow last quarter ($704.0M vs $268.1M). Over the past eight quarters, Ralph Lauren Corporation's revenue compounded faster (23.9% CAGR vs 9.9%).

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.

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren, a global multibillion-dollar enterprise. He stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of May 2025, his net worth is estimated at US$11.9 billion.

EPAM vs RL — Head-to-Head

Bigger by revenue
RL
RL
1.7× larger
RL
$2.4B
$1.4B
EPAM
Growing faster (revenue YoY)
EPAM
EPAM
+0.5% gap
EPAM
12.8%
12.2%
RL
Higher net margin
RL
RL
7.3% more per $
RL
15.0%
7.8%
EPAM
More free cash flow
RL
RL
$435.9M more FCF
RL
$704.0M
$268.1M
EPAM
Faster 2-yr revenue CAGR
RL
RL
Annualised
RL
23.9%
9.9%
EPAM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EPAM
EPAM
RL
RL
Revenue
$1.4B
$2.4B
Net Profit
$109.4M
$361.6M
Gross Margin
30.1%
69.9%
Operating Margin
10.6%
19.6%
Net Margin
7.8%
15.0%
Revenue YoY
12.8%
12.2%
Net Profit YoY
5.9%
21.6%
EPS (diluted)
$1.97
$5.82

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
RL
RL
Q4 25
$1.4B
$2.4B
Q3 25
$1.4B
$2.0B
Q2 25
$1.4B
$1.7B
Q1 25
$1.3B
$1.7B
Q4 24
$1.2B
$2.1B
Q3 24
$1.2B
$1.7B
Q2 24
$1.1B
$1.5B
Q1 24
$1.2B
$1.6B
Net Profit
EPAM
EPAM
RL
RL
Q4 25
$109.4M
$361.6M
Q3 25
$106.8M
$207.5M
Q2 25
$88.0M
$220.4M
Q1 25
$73.5M
$129.0M
Q4 24
$103.3M
$297.4M
Q3 24
$136.3M
$147.9M
Q2 24
$98.6M
$168.6M
Q1 24
$116.2M
$90.7M
Gross Margin
EPAM
EPAM
RL
RL
Q4 25
30.1%
69.9%
Q3 25
29.5%
68.0%
Q2 25
28.8%
72.3%
Q1 25
26.9%
68.7%
Q4 24
30.4%
68.4%
Q3 24
34.6%
67.0%
Q2 24
29.3%
70.5%
Q1 24
28.4%
66.6%
Operating Margin
EPAM
EPAM
RL
RL
Q4 25
10.6%
19.6%
Q3 25
10.4%
12.2%
Q2 25
9.3%
15.9%
Q1 25
7.6%
9.1%
Q4 24
10.9%
18.2%
Q3 24
15.2%
10.4%
Q2 24
10.5%
13.8%
Q1 24
9.5%
6.9%
Net Margin
EPAM
EPAM
RL
RL
Q4 25
7.8%
15.0%
Q3 25
7.7%
10.3%
Q2 25
6.5%
12.8%
Q1 25
5.6%
7.6%
Q4 24
8.3%
13.9%
Q3 24
11.7%
8.6%
Q2 24
8.6%
11.1%
Q1 24
10.0%
5.8%
EPS (diluted)
EPAM
EPAM
RL
RL
Q4 25
$1.97
$5.82
Q3 25
$1.91
$3.32
Q2 25
$1.56
$3.52
Q1 25
$1.28
$2.03
Q4 24
$1.80
$4.66
Q3 24
$2.37
$2.31
Q2 24
$1.70
$2.61
Q1 24
$1.97
$1.37

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
RL
RL
Cash + ST InvestmentsLiquidity on hand
$1.3B
$2.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$2.9B
Total Assets
$4.9B
$7.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
RL
RL
Q4 25
$1.3B
$2.3B
Q3 25
$1.2B
$1.6B
Q2 25
$1.0B
$2.3B
Q1 25
$1.2B
$2.1B
Q4 24
$1.3B
$2.1B
Q3 24
$2.1B
$1.7B
Q2 24
$1.8B
$1.8B
Q1 24
$2.0B
$1.8B
Stockholders' Equity
EPAM
EPAM
RL
RL
Q4 25
$3.7B
$2.9B
Q3 25
$3.7B
$2.6B
Q2 25
$3.7B
$2.5B
Q1 25
$3.6B
$2.6B
Q4 24
$3.6B
$2.5B
Q3 24
$3.6B
$2.4B
Q2 24
$3.4B
$2.4B
Q1 24
$3.5B
$2.5B
Total Assets
EPAM
EPAM
RL
RL
Q4 25
$4.9B
$7.8B
Q3 25
$4.8B
$7.3B
Q2 25
$4.7B
$7.8B
Q1 25
$4.7B
$7.0B
Q4 24
$4.8B
$7.1B
Q3 24
$4.5B
$6.8B
Q2 24
$4.2B
$6.6B
Q1 24
$4.4B
$6.6B

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
RL
RL
Operating Cash FlowLast quarter
$282.9M
$779.6M
Free Cash FlowOCF − Capex
$268.1M
$704.0M
FCF MarginFCF / Revenue
19.0%
29.3%
Capex IntensityCapex / Revenue
1.1%
3.1%
Cash ConversionOCF / Net Profit
2.59×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$694.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
RL
RL
Q4 25
$282.9M
$779.6M
Q3 25
$294.7M
$53.2M
Q2 25
$53.2M
$176.1M
Q1 25
$24.2M
$122.2M
Q4 24
$130.3M
$738.4M
Q3 24
$242.0M
$97.2M
Q2 24
$57.0M
$277.3M
Q1 24
$129.9M
Free Cash Flow
EPAM
EPAM
RL
RL
Q4 25
$268.1M
$704.0M
Q3 25
$286.4M
$-40.6M
Q2 25
$43.4M
$-11.2M
Q1 25
$14.8M
$42.3M
Q4 24
$114.5M
$677.2M
Q3 24
$237.0M
$55.5M
Q2 24
$52.3M
$243.9M
Q1 24
$123.2M
FCF Margin
EPAM
EPAM
RL
RL
Q4 25
19.0%
29.3%
Q3 25
20.5%
-2.0%
Q2 25
3.2%
-0.7%
Q1 25
1.1%
2.5%
Q4 24
9.2%
31.6%
Q3 24
20.3%
3.2%
Q2 24
4.6%
16.1%
Q1 24
10.6%
Capex Intensity
EPAM
EPAM
RL
RL
Q4 25
1.1%
3.1%
Q3 25
0.6%
4.7%
Q2 25
0.7%
10.9%
Q1 25
0.7%
4.7%
Q4 24
1.3%
2.9%
Q3 24
0.4%
2.4%
Q2 24
0.4%
2.2%
Q1 24
0.6%
Cash Conversion
EPAM
EPAM
RL
RL
Q4 25
2.59×
2.16×
Q3 25
2.76×
0.26×
Q2 25
0.60×
0.80×
Q1 25
0.33×
0.95×
Q4 24
1.26×
2.48×
Q3 24
1.77×
0.66×
Q2 24
0.58×
1.64×
Q1 24
1.12×

Financial Flow Comparison

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

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