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Side-by-side financial comparison of EPAM Systems (EPAM) and TUTOR PERINI CORP (TPC). Click either name above to swap in a different company.

TUTOR PERINI CORP is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs 1.9%, a 5.9% gap on every dollar of revenue. On growth, TUTOR PERINI CORP posted the faster year-over-year revenue change (41.2% vs 12.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $98.7M). Over the past eight quarters, TUTOR PERINI CORP's revenue compounded faster (19.9% 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.

Tutor Perini Corporation is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2024, it reported annual revenue of approximately $4.33 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infra...

EPAM vs TPC — Head-to-Head

Bigger by revenue
TPC
TPC
1.1× larger
TPC
$1.5B
$1.4B
EPAM
Growing faster (revenue YoY)
TPC
TPC
+28.4% gap
TPC
41.2%
12.8%
EPAM
Higher net margin
EPAM
EPAM
5.9% more per $
EPAM
7.8%
1.9%
TPC
More free cash flow
EPAM
EPAM
$169.4M more FCF
EPAM
$268.1M
$98.7M
TPC
Faster 2-yr revenue CAGR
TPC
TPC
Annualised
TPC
19.9%
9.9%
EPAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPAM
EPAM
TPC
TPC
Revenue
$1.4B
$1.5B
Net Profit
$109.4M
$28.8M
Gross Margin
30.1%
9.8%
Operating Margin
10.6%
3.3%
Net Margin
7.8%
1.9%
Revenue YoY
12.8%
41.2%
Net Profit YoY
5.9%
136.3%
EPS (diluted)
$1.97
$0.53

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.

Revenue
EPAM
EPAM
TPC
TPC
Q4 25
$1.4B
$1.5B
Q3 25
$1.4B
$1.4B
Q2 25
$1.4B
$1.4B
Q1 25
$1.3B
$1.2B
Q4 24
$1.2B
$1.1B
Q3 24
$1.2B
$1.1B
Q2 24
$1.1B
$1.1B
Q1 24
$1.2B
$1.0B
Net Profit
EPAM
EPAM
TPC
TPC
Q4 25
$109.4M
$28.8M
Q3 25
$106.8M
$3.6M
Q2 25
$88.0M
$20.0M
Q1 25
$73.5M
$28.0M
Q4 24
$103.3M
$-79.4M
Q3 24
$136.3M
$-100.9M
Q2 24
$98.6M
$812.0K
Q1 24
$116.2M
$15.8M
Gross Margin
EPAM
EPAM
TPC
TPC
Q4 25
30.1%
9.8%
Q3 25
29.5%
12.0%
Q2 25
28.8%
14.3%
Q1 25
26.9%
10.8%
Q4 24
30.4%
-0.9%
Q3 24
34.6%
-2.4%
Q2 24
29.3%
10.4%
Q1 24
28.4%
11.0%
Operating Margin
EPAM
EPAM
TPC
TPC
Q4 25
10.6%
3.3%
Q3 25
10.4%
2.8%
Q2 25
9.3%
5.6%
Q1 25
7.6%
5.2%
Q4 24
10.9%
-8.1%
Q3 24
15.2%
-9.9%
Q2 24
10.5%
3.6%
Q1 24
9.5%
4.7%
Net Margin
EPAM
EPAM
TPC
TPC
Q4 25
7.8%
1.9%
Q3 25
7.7%
0.3%
Q2 25
6.5%
1.5%
Q1 25
5.6%
2.2%
Q4 24
8.3%
-7.4%
Q3 24
11.7%
-9.3%
Q2 24
8.6%
0.1%
Q1 24
10.0%
1.5%
EPS (diluted)
EPAM
EPAM
TPC
TPC
Q4 25
$1.97
$0.53
Q3 25
$1.91
$0.07
Q2 25
$1.56
$0.38
Q1 25
$1.28
$0.53
Q4 24
$1.80
$-1.53
Q3 24
$2.37
$-1.92
Q2 24
$1.70
$0.02
Q1 24
$1.97
$0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EPAM
EPAM
TPC
TPC
Cash + ST InvestmentsLiquidity on hand
$1.3B
$734.6M
Total DebtLower is stronger
$407.4M
Stockholders' EquityBook value
$3.7B
$1.2B
Total Assets
$4.9B
$5.2B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
TPC
TPC
Q4 25
$1.3B
$734.6M
Q3 25
$1.2B
$695.7M
Q2 25
$1.0B
$526.1M
Q1 25
$1.2B
$276.5M
Q4 24
$1.3B
$455.1M
Q3 24
$2.1B
$287.4M
Q2 24
$1.8B
$267.1M
Q1 24
$2.0B
$358.3M
Total Debt
EPAM
EPAM
TPC
TPC
Q4 25
$407.4M
Q3 25
$413.1M
Q2 25
$419.4M
Q1 25
$405.6M
Q4 24
$534.1M
Q3 24
$681.4M
Q2 24
$676.4M
Q1 24
$801.2M
Stockholders' Equity
EPAM
EPAM
TPC
TPC
Q4 25
$3.7B
$1.2B
Q3 25
$3.7B
$1.2B
Q2 25
$3.7B
$1.2B
Q1 25
$3.6B
$1.2B
Q4 24
$3.6B
$1.1B
Q3 24
$3.6B
$1.2B
Q2 24
$3.4B
$1.3B
Q1 24
$3.5B
$1.3B
Total Assets
EPAM
EPAM
TPC
TPC
Q4 25
$4.9B
$5.2B
Q3 25
$4.8B
$5.2B
Q2 25
$4.7B
$4.9B
Q1 25
$4.7B
$4.5B
Q4 24
$4.8B
$4.2B
Q3 24
$4.5B
$4.4B
Q2 24
$4.2B
$4.3B
Q1 24
$4.4B
$4.4B
Debt / Equity
EPAM
EPAM
TPC
TPC
Q4 25
0.33×
Q3 25
0.35×
Q2 25
0.35×
Q1 25
0.35×
Q4 24
0.47×
Q3 24
0.56×
Q2 24
0.52×
Q1 24
0.61×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EPAM
EPAM
TPC
TPC
Operating Cash FlowLast quarter
$282.9M
$173.7M
Free Cash FlowOCF − Capex
$268.1M
$98.7M
FCF MarginFCF / Revenue
19.0%
6.5%
Capex IntensityCapex / Revenue
1.1%
5.0%
Cash ConversionOCF / Net Profit
2.59×
6.02×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$567.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
TPC
TPC
Q4 25
$282.9M
$173.7M
Q3 25
$294.7M
$289.1M
Q2 25
$53.2M
$262.4M
Q1 25
$24.2M
$22.9M
Q4 24
$130.3M
$329.6M
Q3 24
$242.0M
$22.6M
Q2 24
$57.0M
$53.1M
Q1 24
$129.9M
$98.3M
Free Cash Flow
EPAM
EPAM
TPC
TPC
Q4 25
$268.1M
$98.7M
Q3 25
$286.4M
$240.2M
Q2 25
$43.4M
$235.6M
Q1 25
$14.8M
$-7.2M
Q4 24
$114.5M
$320.4M
Q3 24
$237.0M
$15.6M
Q2 24
$52.3M
$42.2M
Q1 24
$123.2M
$87.8M
FCF Margin
EPAM
EPAM
TPC
TPC
Q4 25
19.0%
6.5%
Q3 25
20.5%
17.0%
Q2 25
3.2%
17.1%
Q1 25
1.1%
-0.6%
Q4 24
9.2%
30.0%
Q3 24
20.3%
1.4%
Q2 24
4.6%
3.7%
Q1 24
10.6%
8.4%
Capex Intensity
EPAM
EPAM
TPC
TPC
Q4 25
1.1%
5.0%
Q3 25
0.6%
3.5%
Q2 25
0.7%
2.0%
Q1 25
0.7%
2.4%
Q4 24
1.3%
0.9%
Q3 24
0.4%
0.6%
Q2 24
0.4%
1.0%
Q1 24
0.6%
1.0%
Cash Conversion
EPAM
EPAM
TPC
TPC
Q4 25
2.59×
6.02×
Q3 25
2.76×
79.63×
Q2 25
0.60×
13.14×
Q1 25
0.33×
0.82×
Q4 24
1.26×
Q3 24
1.77×
Q2 24
0.58×
65.44×
Q1 24
1.12×
6.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EPAM
EPAM

Segment breakdown not available.

TPC
TPC

State And Local Agencies$591.1M39%
Mass Transit$449.9M30%
Federal Agencies$115.0M8%
Bridges$100.5M7%
Military Facilities$93.1M6%
Commercial And Industrial Facilities$46.7M3%
Detention Facilities$43.8M3%
Power And Energy$35.8M2%
Multi Unit Residential$25.9M2%
Education Facilities$12.0M1%
Water$3.6M0%

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