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Side-by-side financial comparison of EPAM Systems (EPAM) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $807.0M, roughly 1.7× Sinclair, Inc.). EPAM Systems runs the higher net margin — 7.8% vs 2.5%, a 5.3% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 4.0%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -1.3%).
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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
EPAM vs SBGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $807.0M |
| Net Profit | $109.4M | $20.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 0.0% |
| Net Margin | 7.8% | 2.5% |
| Revenue YoY | 12.8% | 4.0% |
| Net Profit YoY | 5.9% | — |
| EPS (diluted) | $1.97 | $0.28 |
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 | — | $807.0M | ||
| Q4 25 | $1.4B | $836.0M | ||
| Q3 25 | $1.4B | $773.0M | ||
| Q2 25 | $1.4B | $784.0M | ||
| Q1 25 | $1.3B | $776.0M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $917.0M | ||
| Q2 24 | $1.1B | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $109.4M | $109.0M | ||
| Q3 25 | $106.8M | $-1.0M | ||
| Q2 25 | $88.0M | $-64.0M | ||
| Q1 25 | $73.5M | $-156.0M | ||
| Q4 24 | $103.3M | $176.0M | ||
| Q3 24 | $136.3M | $94.0M | ||
| Q2 24 | $98.6M | $17.0M |
| 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 | — | 0.0% | ||
| Q4 25 | 10.6% | 9.6% | ||
| Q3 25 | 10.4% | 7.5% | ||
| Q2 25 | 9.3% | 2.7% | ||
| Q1 25 | 7.6% | 1.8% | ||
| Q4 24 | 10.9% | 26.5% | ||
| Q3 24 | 15.2% | 19.5% | ||
| Q2 24 | 10.5% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 7.8% | 13.0% | ||
| Q3 25 | 7.7% | -0.1% | ||
| Q2 25 | 6.5% | -8.2% | ||
| Q1 25 | 5.6% | -20.1% | ||
| Q4 24 | 8.3% | 17.5% | ||
| Q3 24 | 11.7% | 10.3% | ||
| Q2 24 | 8.6% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $1.97 | $1.62 | ||
| Q3 25 | $1.91 | $-0.02 | ||
| Q2 25 | $1.56 | $-0.91 | ||
| Q1 25 | $1.28 | $-2.30 | ||
| Q4 24 | $1.80 | $2.64 | ||
| Q3 24 | $2.37 | $1.43 | ||
| Q2 24 | $1.70 | $0.27 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | — |
| Total Assets | $4.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $866.0M | ||
| Q3 25 | $1.2B | $526.0M | ||
| Q2 25 | $1.0B | $616.0M | ||
| Q1 25 | $1.2B | $631.0M | ||
| Q4 24 | $1.3B | $697.0M | ||
| Q3 24 | $2.1B | $536.0M | ||
| Q2 24 | $1.8B | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $443.0M | ||
| Q3 25 | $3.7B | $347.0M | ||
| Q2 25 | $3.7B | $361.0M | ||
| Q1 25 | $3.6B | $436.0M | ||
| Q4 24 | $3.6B | $583.0M | ||
| Q3 24 | $3.6B | $415.0M | ||
| Q2 24 | $3.4B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $5.9B | ||
| Q3 25 | $4.8B | $5.6B | ||
| Q2 25 | $4.7B | $5.7B | ||
| Q1 25 | $4.7B | $5.8B | ||
| Q4 24 | $4.8B | $5.9B | ||
| Q3 24 | $4.5B | $5.8B | ||
| Q2 24 | $4.2B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.84× | ||
| Q3 25 | — | 11.75× | ||
| Q2 25 | — | 11.30× | ||
| Q1 25 | — | 9.56× | ||
| Q4 24 | — | 7.02× | ||
| Q3 24 | — | 9.86× | ||
| Q2 24 | — | 12.08× |
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% | 1.7% |
| 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 | $98.0M | ||
| Q3 25 | $294.7M | $-36.0M | ||
| Q2 25 | $53.2M | $122.0M | ||
| Q1 25 | $24.2M | $5.0M | ||
| Q4 24 | $130.3M | $198.0M | ||
| Q3 24 | $242.0M | $210.0M | ||
| Q2 24 | $57.0M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $79.0M | ||
| Q3 25 | $286.4M | $-58.0M | ||
| Q2 25 | $43.4M | $105.0M | ||
| Q1 25 | $14.8M | $-11.0M | ||
| Q4 24 | $114.5M | $175.0M | ||
| Q3 24 | $237.0M | $193.0M | ||
| Q2 24 | $52.3M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 9.4% | ||
| Q3 25 | 20.5% | -7.5% | ||
| Q2 25 | 3.2% | 13.4% | ||
| Q1 25 | 1.1% | -1.4% | ||
| Q4 24 | 9.2% | 17.4% | ||
| Q3 24 | 20.3% | 21.0% | ||
| Q2 24 | 4.6% | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 1.1% | 2.3% | ||
| Q3 25 | 0.6% | 2.8% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.7% | 2.1% | ||
| Q4 24 | 1.3% | 2.3% | ||
| Q3 24 | 0.4% | 1.9% | ||
| Q2 24 | 0.4% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 0.90× | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.26× | 1.13× | ||
| Q3 24 | 1.77× | 2.23× | ||
| Q2 24 | 0.58× | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
