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Side-by-side financial comparison of EPAM Systems (EPAM) and TKO Group Holdings (TKO). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× TKO Group Holdings). EPAM Systems runs the higher net margin — 7.8% vs -0.2%, a 8.0% gap on every dollar of revenue. On growth, TKO Group Holdings posted the faster year-over-year revenue change (61.6% vs 12.8%). Over the past eight quarters, TKO Group Holdings's revenue compounded faster (28.4% 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.
TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).
EPAM vs TKO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.0B |
| Net Profit | $109.4M | $-2.4M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 5.5% |
| Net Margin | 7.8% | -0.2% |
| Revenue YoY | 12.8% | 61.6% |
| Net Profit YoY | 5.9% | -107.7% |
| EPS (diluted) | $1.97 | $-0.07 |
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 | $1.0B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $642.2M | ||
| Q3 24 | $1.2B | $681.3M | ||
| Q2 24 | $1.1B | $851.2M | ||
| Q1 24 | $1.2B | $629.7M |
| Q4 25 | $109.4M | $-2.4M | ||
| Q3 25 | $106.8M | $41.0M | ||
| Q2 25 | $88.0M | $98.4M | ||
| Q1 25 | $73.5M | $58.4M | ||
| Q4 24 | $103.3M | $31.0M | ||
| Q3 24 | $136.3M | $23.1M | ||
| Q2 24 | $98.6M | $59.1M | ||
| Q1 24 | $116.2M | $-103.8M |
| 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% | 5.5% | ||
| Q3 25 | 10.4% | 15.4% | ||
| Q2 25 | 9.3% | 28.1% | ||
| Q1 25 | 7.6% | 18.7% | ||
| Q4 24 | 10.9% | 15.9% | ||
| Q3 24 | 15.2% | 20.0% | ||
| Q2 24 | 10.5% | 30.0% | ||
| Q1 24 | 9.5% | -33.4% |
| Q4 25 | 7.8% | -0.2% | ||
| Q3 25 | 7.7% | 3.7% | ||
| Q2 25 | 6.5% | 7.5% | ||
| Q1 25 | 5.6% | 4.6% | ||
| Q4 24 | 8.3% | 4.8% | ||
| Q3 24 | 11.7% | 3.4% | ||
| Q2 24 | 8.6% | 6.9% | ||
| Q1 24 | 10.0% | -16.5% |
| Q4 25 | $1.97 | $-0.07 | ||
| Q3 25 | $1.91 | $0.47 | ||
| Q2 25 | $1.56 | $1.17 | ||
| Q1 25 | $1.28 | $0.69 | ||
| Q4 24 | $1.80 | $0.28 | ||
| Q3 24 | $2.37 | $0.28 | ||
| Q2 24 | $1.70 | $0.72 | ||
| Q1 24 | $1.97 | $-1.26 |
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 | $831.1M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $3.7B | $3.7B |
| Total Assets | $4.9B | $15.5B |
| Debt / EquityLower = less leverage | — | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $831.1M | ||
| Q3 25 | $1.2B | $861.4M | ||
| Q2 25 | $1.0B | $535.1M | ||
| Q1 25 | $1.2B | $470.9M | ||
| Q4 24 | $1.3B | $525.6M | ||
| Q3 24 | $2.1B | $457.4M | ||
| Q2 24 | $1.8B | $277.5M | ||
| Q1 24 | $2.0B | $245.8M |
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | $3.7B | $3.7B | ||
| Q3 25 | $3.7B | $3.8B | ||
| Q2 25 | $3.7B | $4.3B | ||
| Q1 25 | $3.6B | $4.2B | ||
| Q4 24 | $3.6B | $4.1B | ||
| Q3 24 | $3.6B | $4.0B | ||
| Q2 24 | $3.4B | $4.0B | ||
| Q1 24 | $3.5B | $4.0B |
| Q4 25 | $4.9B | $15.5B | ||
| Q3 25 | $4.8B | $15.5B | ||
| Q2 25 | $4.7B | $15.3B | ||
| Q1 25 | $4.7B | $15.0B | ||
| Q4 24 | $4.8B | $12.7B | ||
| Q3 24 | $4.5B | $12.8B | ||
| Q2 24 | $4.2B | $12.7B | ||
| Q1 24 | $4.4B | $12.7B |
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.68× |
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 | $309.9M |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $309.9M | ||
| Q3 25 | $294.7M | $416.8M | ||
| Q2 25 | $53.2M | $396.2M | ||
| Q1 25 | $24.2M | $162.8M | ||
| Q4 24 | $130.3M | $56.8M | ||
| Q3 24 | $242.0M | $236.5M | ||
| Q2 24 | $57.0M | $230.7M | ||
| Q1 24 | $129.9M | $59.3M |
| Q4 25 | $268.1M | — | ||
| Q3 25 | $286.4M | — | ||
| Q2 25 | $43.4M | — | ||
| Q1 25 | $14.8M | — | ||
| Q4 24 | $114.5M | — | ||
| Q3 24 | $237.0M | — | ||
| Q2 24 | $52.3M | — | ||
| Q1 24 | $123.2M | — |
| Q4 25 | 19.0% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 10.6% | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | 10.16× | ||
| Q2 25 | 0.60× | 4.03× | ||
| Q1 25 | 0.33× | 2.79× | ||
| Q4 24 | 1.26× | 1.83× | ||
| Q3 24 | 1.77× | 10.22× | ||
| Q2 24 | 0.58× | 3.90× | ||
| Q1 24 | 1.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
