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Side-by-side financial comparison of EPAM Systems (EPAM) and Rockwell Automation (ROK). Click either name above to swap in a different company.
Rockwell Automation is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× EPAM Systems). Rockwell Automation runs the higher net margin — 14.5% vs 7.8%, a 6.7% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 11.9%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $170.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -0.5%).
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.
Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies headquartered in Milwaukee, Wisconsin. Its brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Rockwell Automation employs approximately 27,000 people and has customers in more than 100 countries worldwide.
EPAM vs ROK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $109.4M | $305.0M |
| Gross Margin | 30.1% | 48.3% |
| Operating Margin | 10.6% | 20.7% |
| Net Margin | 7.8% | 14.5% |
| Revenue YoY | 12.8% | 11.9% |
| Net Profit YoY | 5.9% | 65.8% |
| EPS (diluted) | $1.97 | $2.69 |
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 | $2.1B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.2B | $2.1B |
| Q4 25 | $109.4M | $305.0M | ||
| Q3 25 | $106.8M | $138.0M | ||
| Q2 25 | $88.0M | $295.0M | ||
| Q1 25 | $73.5M | $252.0M | ||
| Q4 24 | $103.3M | $184.0M | ||
| Q3 24 | $136.3M | $239.1M | ||
| Q2 24 | $98.6M | $232.0M | ||
| Q1 24 | $116.2M | $266.2M |
| Q4 25 | 30.1% | 48.3% | ||
| Q3 25 | 29.5% | 69.4% | ||
| Q2 25 | 28.8% | 40.9% | ||
| Q1 25 | 26.9% | 40.5% | ||
| Q4 24 | 30.4% | 38.4% | ||
| Q3 24 | 34.6% | 37.9% | ||
| Q2 24 | 29.3% | 38.8% | ||
| Q1 24 | 28.4% | 39.2% |
| Q4 25 | 10.6% | 20.7% | ||
| Q3 25 | 10.4% | 2.7% | ||
| Q2 25 | 9.3% | 16.0% | ||
| Q1 25 | 7.6% | 14.9% | ||
| Q4 24 | 10.9% | 17.1% | ||
| Q3 24 | 15.2% | 13.5% | ||
| Q2 24 | 10.5% | 12.4% | ||
| Q1 24 | 9.5% | 14.6% |
| Q4 25 | 7.8% | 14.5% | ||
| Q3 25 | 7.7% | 6.0% | ||
| Q2 25 | 6.5% | 13.8% | ||
| Q1 25 | 5.6% | 12.6% | ||
| Q4 24 | 8.3% | 9.8% | ||
| Q3 24 | 11.7% | 11.7% | ||
| Q2 24 | 8.6% | 11.3% | ||
| Q1 24 | 10.0% | 12.5% |
| Q4 25 | $1.97 | $2.69 | ||
| Q3 25 | $1.91 | $1.24 | ||
| Q2 25 | $1.56 | $2.60 | ||
| Q1 25 | $1.28 | $2.22 | ||
| Q4 24 | $1.80 | $1.61 | ||
| Q3 24 | $2.37 | $2.09 | ||
| Q2 24 | $1.70 | $2.02 | ||
| Q1 24 | $1.97 | $2.31 |
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 | $444.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $3.7B |
| Total Assets | $4.9B | $11.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $444.0M | ||
| Q3 25 | $1.2B | $468.0M | ||
| Q2 25 | $1.0B | $495.0M | ||
| Q1 25 | $1.2B | $456.0M | ||
| Q4 24 | $1.3B | $477.0M | ||
| Q3 24 | $2.1B | $471.3M | ||
| Q2 24 | $1.8B | $407.0M | ||
| Q1 24 | $2.0B | $470.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.7B | $3.7B | ||
| Q3 25 | $3.7B | $3.7B | ||
| Q2 25 | $3.7B | $3.5B | ||
| Q1 25 | $3.6B | $3.4B | ||
| Q4 24 | $3.6B | $3.4B | ||
| Q3 24 | $3.6B | $3.5B | ||
| Q2 24 | $3.4B | $3.3B | ||
| Q1 24 | $3.5B | $3.5B |
| Q4 25 | $4.9B | $11.2B | ||
| Q3 25 | $4.8B | $11.2B | ||
| Q2 25 | $4.7B | $11.2B | ||
| Q1 25 | $4.7B | $11.0B | ||
| Q4 24 | $4.8B | $10.9B | ||
| Q3 24 | $4.5B | $11.2B | ||
| Q2 24 | $4.2B | $11.2B | ||
| Q1 24 | $4.4B | $11.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $234.0M |
| Free Cash FlowOCF − Capex | $268.1M | $170.0M |
| FCF MarginFCF / Revenue | 19.0% | 8.1% |
| Capex IntensityCapex / Revenue | 1.1% | 3.0% |
| Cash ConversionOCF / Net Profit | 2.59× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $234.0M | ||
| Q3 25 | $294.7M | $454.0M | ||
| Q2 25 | $53.2M | $527.0M | ||
| Q1 25 | $24.2M | $199.0M | ||
| Q4 24 | $130.3M | $364.0M | ||
| Q3 24 | $242.0M | $432.3M | ||
| Q2 24 | $57.0M | $279.1M | ||
| Q1 24 | $129.9M | $119.8M |
| Q4 25 | $268.1M | $170.0M | ||
| Q3 25 | $286.4M | — | ||
| Q2 25 | $43.4M | $489.0M | ||
| Q1 25 | $14.8M | $171.0M | ||
| Q4 24 | $114.5M | $293.0M | ||
| Q3 24 | $237.0M | — | ||
| Q2 24 | $52.3M | $238.4M | ||
| Q1 24 | $123.2M | $68.6M |
| Q4 25 | 19.0% | 8.1% | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 3.2% | 22.8% | ||
| Q1 25 | 1.1% | 8.5% | ||
| Q4 24 | 9.2% | 15.6% | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 4.6% | 11.6% | ||
| Q1 24 | 10.6% | 3.2% |
| Q4 25 | 1.1% | 3.0% | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | 1.8% | ||
| Q1 25 | 0.7% | 1.4% | ||
| Q4 24 | 1.3% | 3.8% | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.4% | 2.0% | ||
| Q1 24 | 0.6% | 2.4% |
| Q4 25 | 2.59× | 0.77× | ||
| Q3 25 | 2.76× | 3.29× | ||
| Q2 25 | 0.60× | 1.79× | ||
| Q1 25 | 0.33× | 0.79× | ||
| Q4 24 | 1.26× | 1.98× | ||
| Q3 24 | 1.77× | 1.81× | ||
| Q2 24 | 0.58× | 1.20× | ||
| Q1 24 | 1.12× | 0.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
