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Side-by-side financial comparison of EPAM Systems (EPAM) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $1.4B, roughly 1.9× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs 5.5%, a 2.2% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 2.0%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $-212.9M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -15.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
EPAM vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.7B |
| Net Profit | $109.4M | $150.1M |
| Gross Margin | 30.1% | 33.0% |
| Operating Margin | 10.6% | — |
| Net Margin | 7.8% | 5.5% |
| Revenue YoY | 12.8% | 2.0% |
| Net Profit YoY | 5.9% | 25.0% |
| EPS (diluted) | $1.97 | $0.80 |
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 | — | $2.7B | ||
| Q4 25 | $1.4B | $3.1B | ||
| Q3 25 | $1.4B | $3.5B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | $1.2B | $3.2B | ||
| Q3 24 | $1.2B | $3.6B | ||
| Q2 24 | $1.1B | $3.8B |
| Q1 26 | — | $150.1M | ||
| Q4 25 | $109.4M | $238.3M | ||
| Q3 25 | $106.8M | $-2.9B | ||
| Q2 25 | $88.0M | $428.7M | ||
| Q1 25 | $73.5M | $121.0M | ||
| Q4 24 | $103.3M | $287.8M | ||
| Q3 24 | $136.3M | $199.8M | ||
| Q2 24 | $98.6M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | 30.1% | 31.0% | ||
| Q3 25 | 29.5% | 33.7% | ||
| Q2 25 | 28.8% | 34.3% | ||
| Q1 25 | 26.9% | 31.6% | ||
| Q4 24 | 30.4% | 32.0% | ||
| Q3 24 | 34.6% | 33.4% | ||
| Q2 24 | 29.3% | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 10.6% | 10.4% | ||
| Q3 25 | 10.4% | -98.5% | ||
| Q2 25 | 9.3% | 15.6% | ||
| Q1 25 | 7.6% | 6.9% | ||
| Q4 24 | 10.9% | 12.0% | ||
| Q3 24 | 15.2% | 12.5% | ||
| Q2 24 | 10.5% | 15.6% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 7.8% | 7.6% | ||
| Q3 25 | 7.7% | -84.0% | ||
| Q2 25 | 6.5% | 11.5% | ||
| Q1 25 | 5.6% | 4.5% | ||
| Q4 24 | 8.3% | 8.9% | ||
| Q3 24 | 11.7% | 5.5% | ||
| Q2 24 | 8.6% | 11.1% |
| Q1 26 | — | $0.80 | ||
| Q4 25 | $1.97 | $1.32 | ||
| Q3 25 | $1.91 | $-14.79 | ||
| Q2 25 | $1.56 | $2.13 | ||
| Q1 25 | $1.28 | $0.59 | ||
| Q4 24 | $1.80 | $1.39 | ||
| Q3 24 | $2.37 | $0.96 | ||
| Q2 24 | $1.70 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $3.7B | $10.3B |
| Total Assets | $4.9B | $22.4B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.6M | ||
| Q4 25 | $1.3B | $896.5M | ||
| Q3 25 | $1.2B | $950.2M | ||
| Q2 25 | $1.0B | $613.8M | ||
| Q1 25 | $1.2B | $412.7M | ||
| Q4 24 | $1.3B | $969.3M | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $1.8B | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $3.7B | $10.2B | ||
| Q3 25 | $3.7B | $10.3B | ||
| Q2 25 | $3.7B | $13.4B | ||
| Q1 25 | $3.6B | $13.1B | ||
| Q4 24 | $3.6B | $13.1B | ||
| Q3 24 | $3.6B | $13.3B | ||
| Q2 24 | $3.4B | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | $4.9B | $22.7B | ||
| Q3 25 | $4.8B | $22.9B | ||
| Q2 25 | $4.7B | $26.8B | ||
| Q1 25 | $4.7B | $25.9B | ||
| Q4 24 | $4.8B | $26.1B | ||
| Q3 24 | $4.5B | $26.6B | ||
| Q2 24 | $4.2B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× |
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 | $-212.9M |
| FCF MarginFCF / Revenue | 19.0% | -7.8% |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $540.7M | ||
| Q3 25 | $294.7M | $616.1M | ||
| Q2 25 | $53.2M | $718.3M | ||
| Q1 25 | $24.2M | $-90.7M | ||
| Q4 24 | $130.3M | $494.5M | ||
| Q3 24 | $242.0M | $521.2M | ||
| Q2 24 | $57.0M | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | $268.1M | $357.8M | ||
| Q3 25 | $286.4M | $483.0M | ||
| Q2 25 | $43.4M | $555.0M | ||
| Q1 25 | $14.8M | $-328.0M | ||
| Q4 24 | $114.5M | $383.4M | ||
| Q3 24 | $237.0M | $350.4M | ||
| Q2 24 | $52.3M | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | 19.0% | 11.4% | ||
| Q3 25 | 20.5% | 13.9% | ||
| Q2 25 | 3.2% | 14.8% | ||
| Q1 25 | 1.1% | -12.2% | ||
| Q4 24 | 9.2% | 11.8% | ||
| Q3 24 | 20.3% | 9.7% | ||
| Q2 24 | 4.6% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 5.9% | ||
| Q3 25 | 0.6% | 3.8% | ||
| Q2 25 | 0.7% | 4.4% | ||
| Q1 25 | 0.7% | 8.8% | ||
| Q4 24 | 1.3% | 3.4% | ||
| Q3 24 | 0.4% | 4.7% | ||
| Q2 24 | 0.4% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 2.27× | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.60× | 1.68× | ||
| Q1 25 | 0.33× | -0.75× | ||
| Q4 24 | 1.26× | 1.72× | ||
| Q3 24 | 1.77× | 2.61× | ||
| Q2 24 | 0.58× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
