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Side-by-side financial comparison of EPAM Systems (EPAM) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× EPAM Systems). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 7.8%, a 15.7% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -36.8%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -11.9%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
EPAM vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.2B |
| Net Profit | $109.4M | $515.8M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | — |
| Net Margin | 7.8% | 23.5% |
| Revenue YoY | 12.8% | -36.8% |
| Net Profit YoY | 5.9% | 72.6% |
| EPS (diluted) | $1.97 | $6.57 |
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.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.4B | $3.2B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.1B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $109.4M | $760.5M | ||
| Q3 25 | $106.8M | $916.5M | ||
| Q2 25 | $88.0M | $835.4M | ||
| Q1 25 | $73.5M | $170.0M | ||
| Q4 24 | $103.3M | $-189.7M | ||
| Q3 24 | $136.3M | $1.2B | ||
| Q2 24 | $98.6M | $503.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 10.6% | 42.5% | ||
| Q3 25 | 10.4% | 46.3% | ||
| Q2 25 | 9.3% | 41.8% | ||
| Q1 25 | 7.6% | -2.0% | ||
| Q4 24 | 10.9% | -3.6% | ||
| Q3 24 | 15.2% | 43.7% | ||
| Q2 24 | 10.5% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 7.8% | 25.6% | ||
| Q3 25 | 7.7% | 28.7% | ||
| Q2 25 | 6.5% | 26.1% | ||
| Q1 25 | 5.6% | 4.9% | ||
| Q4 24 | 8.3% | -8.3% | ||
| Q3 24 | 11.7% | 29.8% | ||
| Q2 24 | 8.6% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $1.97 | $16.16 | ||
| Q3 25 | $1.91 | $19.40 | ||
| Q2 25 | $1.56 | $17.20 | ||
| Q1 25 | $1.28 | $3.27 | ||
| Q4 24 | $1.80 | $-3.76 | ||
| Q3 24 | $2.37 | $22.62 | ||
| Q2 24 | $1.70 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $4.3B |
| Total Assets | $4.9B | $53.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $1.8B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.7B | $11.6B | ||
| Q3 25 | $3.7B | $11.5B | ||
| Q2 25 | $3.7B | $10.8B | ||
| Q1 25 | $3.6B | $10.3B | ||
| Q4 24 | $3.6B | $10.6B | ||
| Q3 24 | $3.6B | $11.2B | ||
| Q2 24 | $3.4B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $4.9B | $53.8B | ||
| Q3 25 | $4.8B | $54.5B | ||
| Q2 25 | $4.7B | $54.7B | ||
| Q1 25 | $4.7B | $53.6B | ||
| Q4 24 | $4.8B | $50.7B | ||
| Q3 24 | $4.5B | $52.8B | ||
| Q2 24 | $4.2B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $483.0M | ||
| Q3 25 | $294.7M | $1.6B | ||
| Q2 25 | $53.2M | $1.5B | ||
| Q1 25 | $24.2M | $157.8M | ||
| Q4 24 | $130.3M | $778.9M | ||
| Q3 24 | $242.0M | $1.5B | ||
| Q2 24 | $57.0M | $1.2B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 2.59× | 0.64× | ||
| Q3 25 | 2.76× | 1.73× | ||
| Q2 25 | 0.60× | 1.76× | ||
| Q1 25 | 0.33× | 0.93× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | 1.26× | ||
| Q2 24 | 0.58× | 2.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
