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Side-by-side financial comparison of EPAM Systems (EPAM) and StoneX Group Inc. (SNEX). 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× StoneX Group Inc.). StoneX Group Inc. runs the higher net margin — 11.6% vs 7.8%, a 3.8% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 12.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% 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.
StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).
EPAM vs SNEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $109.4M | $139.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 15.4% |
| Net Margin | 7.8% | 11.6% |
| Revenue YoY | 12.8% | 81.0% |
| Net Profit YoY | 5.9% | 63.3% |
| EPS (diluted) | $1.97 | $2.50 |
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 | $32.7B | ||
| Q2 25 | $1.4B | $851.2M | ||
| Q1 25 | $1.3B | $820.4M | ||
| Q4 24 | $1.2B | $663.1M | ||
| Q3 24 | $1.2B | $31.1B | ||
| Q2 24 | $1.1B | $571.8M | ||
| Q1 24 | $1.2B | $509.2M |
| Q4 25 | $109.4M | $139.0M | ||
| Q3 25 | $106.8M | $85.7M | ||
| Q2 25 | $88.0M | $63.4M | ||
| Q1 25 | $73.5M | $71.7M | ||
| Q4 24 | $103.3M | $85.1M | ||
| Q3 24 | $136.3M | $76.7M | ||
| Q2 24 | $98.6M | $61.9M | ||
| Q1 24 | $116.2M | $53.1M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.5% | 3.7% | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 34.6% | 3.0% | ||
| Q2 24 | 29.3% | — | ||
| Q1 24 | 28.4% | — |
| Q4 25 | 10.6% | 15.4% | ||
| Q3 25 | 10.4% | 0.3% | ||
| Q2 25 | 9.3% | -1.3% | ||
| Q1 25 | 7.6% | -1.0% | ||
| Q4 24 | 10.9% | -3.2% | ||
| Q3 24 | 15.2% | -0.0% | ||
| Q2 24 | 10.5% | -4.7% | ||
| Q1 24 | 9.5% | -2.5% |
| Q4 25 | 7.8% | 11.6% | ||
| Q3 25 | 7.7% | 0.3% | ||
| Q2 25 | 6.5% | 7.4% | ||
| Q1 25 | 5.6% | 8.7% | ||
| Q4 24 | 8.3% | 12.8% | ||
| Q3 24 | 11.7% | 0.2% | ||
| Q2 24 | 8.6% | 10.8% | ||
| Q1 24 | 10.0% | 10.4% |
| Q4 25 | $1.97 | $2.50 | ||
| Q3 25 | $1.91 | $0.72 | ||
| Q2 25 | $1.56 | $1.22 | ||
| Q1 25 | $1.28 | $1.41 | ||
| Q4 24 | $1.80 | $1.69 | ||
| Q3 24 | $2.37 | $2.32 | ||
| Q2 24 | $1.70 | $1.25 | ||
| Q1 24 | $1.97 | $1.09 |
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 | $2.5B |
| Total Assets | $4.9B | $47.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $2.0B | $1.3B |
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $3.7B | $2.4B | ||
| Q2 25 | $3.7B | $2.0B | ||
| Q1 25 | $3.6B | $1.9B | ||
| Q4 24 | $3.6B | $1.8B | ||
| Q3 24 | $3.6B | $1.7B | ||
| Q2 24 | $3.4B | $1.6B | ||
| Q1 24 | $3.5B | $1.5B |
| Q4 25 | $4.9B | $47.8B | ||
| Q3 25 | $4.8B | $45.3B | ||
| Q2 25 | $4.7B | $34.3B | ||
| Q1 25 | $4.7B | $31.3B | ||
| Q4 24 | $4.8B | $29.6B | ||
| Q3 24 | $4.5B | $27.5B | ||
| Q2 24 | $4.2B | $25.9B | ||
| Q1 24 | $4.4B | $25.7B |
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 | $-1.3B |
| Free Cash FlowOCF − Capex | $268.1M | $-1.3B |
| FCF MarginFCF / Revenue | 19.0% | -106.4% |
| Capex IntensityCapex / Revenue | 1.1% | 1.3% |
| Cash ConversionOCF / Net Profit | 2.59× | -9.08× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $-1.3B | ||
| Q3 25 | $294.7M | $3.5B | ||
| Q2 25 | $53.2M | $1.5B | ||
| Q1 25 | $24.2M | $-154.5M | ||
| Q4 24 | $130.3M | $-477.8M | ||
| Q3 24 | $242.0M | $192.6M | ||
| Q2 24 | $57.0M | $-622.1M | ||
| Q1 24 | $129.9M | $784.0M |
| Q4 25 | $268.1M | $-1.3B | ||
| Q3 25 | $286.4M | $3.5B | ||
| Q2 25 | $43.4M | $1.5B | ||
| Q1 25 | $14.8M | $-169.8M | ||
| Q4 24 | $114.5M | $-491.4M | ||
| Q3 24 | $237.0M | $175.9M | ||
| Q2 24 | $52.3M | $-640.5M | ||
| Q1 24 | $123.2M | $766.6M |
| Q4 25 | 19.0% | -106.4% | ||
| Q3 25 | 20.5% | 10.7% | ||
| Q2 25 | 3.2% | 173.3% | ||
| Q1 25 | 1.1% | -20.7% | ||
| Q4 24 | 9.2% | -74.1% | ||
| Q3 24 | 20.3% | 0.6% | ||
| Q2 24 | 4.6% | -112.0% | ||
| Q1 24 | 10.6% | 150.5% |
| Q4 25 | 1.1% | 1.3% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.7% | 1.9% | ||
| Q1 25 | 0.7% | 1.9% | ||
| Q4 24 | 1.3% | 2.1% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.4% | 3.2% | ||
| Q1 24 | 0.6% | 3.4% |
| Q4 25 | 2.59× | -9.08× | ||
| Q3 25 | 2.76× | 41.18× | ||
| Q2 25 | 0.60× | 23.52× | ||
| Q1 25 | 0.33× | -2.15× | ||
| Q4 24 | 1.26× | -5.61× | ||
| Q3 24 | 1.77× | 2.51× | ||
| Q2 24 | 0.58× | -10.05× | ||
| Q1 24 | 1.12× | 14.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
