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Side-by-side financial comparison of EPAM Systems (EPAM) and Snap-on (SNA). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× Snap-on). Snap-on runs the higher net margin — 21.3% vs 7.8%, a 13.5% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 2.7%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $254.6M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 2.0%).
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.
Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry, including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, since 1930, Snap-on also distributes lower-end tools under the brand name Blue-Point. Their primary competitors include Matco, Mac Tools, and Cornwell Tools.
EPAM vs SNA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $109.4M | $260.7M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 27.8% |
| Net Margin | 7.8% | 21.3% |
| Revenue YoY | 12.8% | 2.7% |
| Net Profit YoY | 5.9% | 1.0% |
| EPS (diluted) | $1.97 | $4.94 |
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 | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | $109.4M | $260.7M | ||
| Q3 25 | $106.8M | $265.4M | ||
| Q2 25 | $88.0M | $250.3M | ||
| Q1 25 | $73.5M | $240.5M | ||
| Q4 24 | $103.3M | $258.1M | ||
| Q3 24 | $136.3M | $251.1M | ||
| Q2 24 | $98.6M | $271.2M | ||
| Q1 24 | $116.2M | $263.5M |
| 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 24 | 28.4% | — |
| Q4 25 | 10.6% | 27.8% | ||
| Q3 25 | 10.4% | 29.4% | ||
| Q2 25 | 9.3% | 28.0% | ||
| Q1 25 | 7.6% | 27.7% | ||
| Q4 24 | 10.9% | 27.9% | ||
| Q3 24 | 15.2% | 28.4% | ||
| Q2 24 | 10.5% | 29.9% | ||
| Q1 24 | 9.5% | 28.9% |
| Q4 25 | 7.8% | 21.3% | ||
| Q3 25 | 7.7% | 22.5% | ||
| Q2 25 | 6.5% | 21.4% | ||
| Q1 25 | 5.6% | 21.2% | ||
| Q4 24 | 8.3% | 21.7% | ||
| Q3 24 | 11.7% | 22.0% | ||
| Q2 24 | 8.6% | 23.1% | ||
| Q1 24 | 10.0% | 22.4% |
| Q4 25 | $1.97 | $4.94 | ||
| Q3 25 | $1.91 | $5.02 | ||
| Q2 25 | $1.56 | $4.72 | ||
| Q1 25 | $1.28 | $4.51 | ||
| Q4 24 | $1.80 | $4.83 | ||
| Q3 24 | $2.37 | $4.70 | ||
| Q2 24 | $1.70 | $5.07 | ||
| Q1 24 | $1.97 | $4.91 |
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 | — |
| 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.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $2.0B | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.7B | $5.8B | ||
| Q2 25 | $3.7B | $5.7B | ||
| Q1 25 | $3.6B | $5.5B | ||
| Q4 24 | $3.6B | $5.4B | ||
| Q3 24 | $3.6B | $5.5B | ||
| Q2 24 | $3.4B | $5.3B | ||
| Q1 24 | $3.5B | $5.1B |
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.8B | $8.4B | ||
| Q2 25 | $4.7B | $8.2B | ||
| Q1 25 | $4.7B | $8.1B | ||
| Q4 24 | $4.8B | $7.9B | ||
| Q3 24 | $4.5B | $8.0B | ||
| Q2 24 | $4.2B | $7.8B | ||
| Q1 24 | $4.4B | $7.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | — | ||
| 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 | $268.1M |
| Free Cash FlowOCF − Capex | $268.1M | $254.6M |
| FCF MarginFCF / Revenue | 19.0% | 20.8% |
| Capex IntensityCapex / Revenue | 1.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.59× | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $268.1M | ||
| Q3 25 | $294.7M | $277.9M | ||
| Q2 25 | $53.2M | $237.2M | ||
| Q1 25 | $24.2M | $298.5M | ||
| Q4 24 | $130.3M | $293.5M | ||
| Q3 24 | $242.0M | $274.2M | ||
| Q2 24 | $57.0M | $301.1M | ||
| Q1 24 | $129.9M | $348.7M |
| Q4 25 | $268.1M | $254.6M | ||
| Q3 25 | $286.4M | $258.0M | ||
| Q2 25 | $43.4M | $217.5M | ||
| Q1 25 | $14.8M | $275.6M | ||
| Q4 24 | $114.5M | $275.4M | ||
| Q3 24 | $237.0M | $253.8M | ||
| Q2 24 | $52.3M | $277.9M | ||
| Q1 24 | $123.2M | $326.9M |
| Q4 25 | 19.0% | 20.8% | ||
| Q3 25 | 20.5% | 21.8% | ||
| Q2 25 | 3.2% | 18.6% | ||
| Q1 25 | 1.1% | 24.3% | ||
| Q4 24 | 9.2% | 23.1% | ||
| Q3 24 | 20.3% | 22.3% | ||
| Q2 24 | 4.6% | 23.7% | ||
| Q1 24 | 10.6% | 27.8% |
| Q4 25 | 1.1% | 1.1% | ||
| Q3 25 | 0.6% | 1.7% | ||
| Q2 25 | 0.7% | 1.7% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 1.3% | 1.5% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.4% | 2.0% | ||
| Q1 24 | 0.6% | 1.9% |
| Q4 25 | 2.59× | 1.03× | ||
| Q3 25 | 2.76× | 1.05× | ||
| Q2 25 | 0.60× | 0.95× | ||
| Q1 25 | 0.33× | 1.24× | ||
| Q4 24 | 1.26× | 1.14× | ||
| Q3 24 | 1.77× | 1.09× | ||
| Q2 24 | 0.58× | 1.11× | ||
| Q1 24 | 1.12× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
