vs
Side-by-side financial comparison of EPAM Systems (EPAM) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $1.4B, roughly 1.8× EPAM Systems). Tapestry, Inc. runs the higher net margin — 22.4% vs 7.8%, a 14.7% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 12.8%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $268.1M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
EPAM vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.5B |
| Net Profit | $109.4M | $561.3M |
| Gross Margin | 30.1% | 75.5% |
| Operating Margin | 10.6% | 28.6% |
| Net Margin | 7.8% | 22.4% |
| Revenue YoY | 12.8% | 14.0% |
| Net Profit YoY | 5.9% | 80.8% |
| EPS (diluted) | $1.97 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.2B | $1.5B |
| Q4 25 | $109.4M | $561.3M | ||
| Q3 25 | $106.8M | $274.8M | ||
| Q2 25 | $88.0M | $-517.1M | ||
| Q1 25 | $73.5M | $203.3M | ||
| Q4 24 | $103.3M | $310.4M | ||
| Q3 24 | $136.3M | $186.6M | ||
| Q2 24 | $98.6M | $159.3M | ||
| Q1 24 | $116.2M | $139.4M |
| Q4 25 | 30.1% | 75.5% | ||
| Q3 25 | 29.5% | 76.3% | ||
| Q2 25 | 28.8% | 76.3% | ||
| Q1 25 | 26.9% | 76.1% | ||
| Q4 24 | 30.4% | 74.4% | ||
| Q3 24 | 34.6% | 75.3% | ||
| Q2 24 | 29.3% | 74.9% | ||
| Q1 24 | 28.4% | 74.7% |
| Q4 25 | 10.6% | 28.6% | ||
| Q3 25 | 10.4% | 19.3% | ||
| Q2 25 | 9.3% | -33.9% | ||
| Q1 25 | 7.6% | 16.0% | ||
| Q4 24 | 10.9% | 22.4% | ||
| Q3 24 | 15.2% | 16.7% | ||
| Q2 24 | 10.5% | 14.8% | ||
| Q1 24 | 9.5% | 13.8% |
| Q4 25 | 7.8% | 22.4% | ||
| Q3 25 | 7.7% | 16.1% | ||
| Q2 25 | 6.5% | -30.0% | ||
| Q1 25 | 5.6% | 12.8% | ||
| Q4 24 | 8.3% | 14.1% | ||
| Q3 24 | 11.7% | 12.4% | ||
| Q2 24 | 8.6% | 10.0% | ||
| Q1 24 | 10.0% | 9.4% |
| Q4 25 | $1.97 | $2.68 | ||
| Q3 25 | $1.91 | $1.28 | ||
| Q2 25 | $1.56 | $-2.30 | ||
| Q1 25 | $1.28 | $0.95 | ||
| Q4 24 | $1.80 | $1.38 | ||
| Q3 24 | $2.37 | $0.79 | ||
| Q2 24 | $1.70 | $0.67 | ||
| Q1 24 | $1.97 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | $3.7B | $551.2M |
| Total Assets | $4.9B | $6.5B |
| Debt / EquityLower = less leverage | — | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.2B | $743.2M | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $2.1B | $7.3B | ||
| Q2 24 | $1.8B | $7.2B | ||
| Q1 24 | $2.0B | $7.4B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
| Q4 25 | $3.7B | $551.2M | ||
| Q3 25 | $3.7B | $399.5M | ||
| Q2 25 | $3.7B | $857.8M | ||
| Q1 25 | $3.6B | $1.5B | ||
| Q4 24 | $3.6B | $1.3B | ||
| Q3 24 | $3.6B | $3.0B | ||
| Q2 24 | $3.4B | $2.9B | ||
| Q1 24 | $3.5B | $2.8B |
| Q4 25 | $4.9B | $6.5B | ||
| Q3 25 | $4.8B | $6.4B | ||
| Q2 25 | $4.7B | $6.6B | ||
| Q1 25 | $4.7B | $7.3B | ||
| Q4 24 | $4.8B | $7.3B | ||
| Q3 24 | $4.5B | $13.7B | ||
| Q2 24 | $4.2B | $13.4B | ||
| Q1 24 | $4.4B | $13.7B |
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $268.1M | $1.0B |
| FCF MarginFCF / Revenue | 19.0% | 41.5% |
| Capex IntensityCapex / Revenue | 1.1% | 1.7% |
| Cash ConversionOCF / Net Profit | 2.59× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $1.1B | ||
| Q3 25 | $294.7M | $112.6M | ||
| Q2 25 | $53.2M | $446.8M | ||
| Q1 25 | $24.2M | $144.3M | ||
| Q4 24 | $130.3M | $506.0M | ||
| Q3 24 | $242.0M | $119.5M | ||
| Q2 24 | $57.0M | $256.0M | ||
| Q1 24 | $129.9M | $97.8M |
| Q4 25 | $268.1M | $1.0B | ||
| Q3 25 | $286.4M | $80.2M | ||
| Q2 25 | $43.4M | $411.5M | ||
| Q1 25 | $14.8M | $113.4M | ||
| Q4 24 | $114.5M | $475.1M | ||
| Q3 24 | $237.0M | $93.9M | ||
| Q2 24 | $52.3M | $209.8M | ||
| Q1 24 | $123.2M | $78.8M |
| Q4 25 | 19.0% | 41.5% | ||
| Q3 25 | 20.5% | 4.7% | ||
| Q2 25 | 3.2% | 23.9% | ||
| Q1 25 | 1.1% | 7.2% | ||
| Q4 24 | 9.2% | 21.6% | ||
| Q3 24 | 20.3% | 6.2% | ||
| Q2 24 | 4.6% | 13.2% | ||
| Q1 24 | 10.6% | 5.3% |
| Q4 25 | 1.1% | 1.7% | ||
| Q3 25 | 0.6% | 1.9% | ||
| Q2 25 | 0.7% | 2.0% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.4% | 2.9% | ||
| Q1 24 | 0.6% | 1.3% |
| Q4 25 | 2.59× | 1.93× | ||
| Q3 25 | 2.76× | 0.41× | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | 0.71× | ||
| Q4 24 | 1.26× | 1.63× | ||
| Q3 24 | 1.77× | 0.64× | ||
| Q2 24 | 0.58× | 1.61× | ||
| Q1 24 | 1.12× | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
