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Side-by-side financial comparison of EPAM Systems (EPAM) and Take-Two Interactive (TTWO). Click either name above to swap in a different company.
Take-Two Interactive is the larger business by last-quarter revenue ($1.7B vs $1.4B, roughly 1.2× EPAM Systems). EPAM Systems runs the higher net margin — 7.8% vs -5.5%, a 13.2% gap on every dollar of revenue. On growth, Take-Two Interactive posted the faster year-over-year revenue change (24.9% vs 12.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $236.2M). Over the past eight quarters, Take-Two Interactive's revenue compounded faster (10.2% 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.
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City founded by Ryan Brant in September 1993.
EPAM vs TTWO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.7B |
| Net Profit | $109.4M | $-92.9M |
| Gross Margin | 30.1% | 55.7% |
| Operating Margin | 10.6% | -2.3% |
| Net Margin | 7.8% | -5.5% |
| Revenue YoY | 12.8% | 24.9% |
| Net Profit YoY | 5.9% | 25.8% |
| EPS (diluted) | $1.97 | $-0.50 |
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 | $1.7B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.2B | $1.4B |
| Q4 25 | $109.4M | $-92.9M | ||
| Q3 25 | $106.8M | $-133.9M | ||
| Q2 25 | $88.0M | $-11.9M | ||
| Q1 25 | $73.5M | $-3.7B | ||
| Q4 24 | $103.3M | $-125.2M | ||
| Q3 24 | $136.3M | $-365.5M | ||
| Q2 24 | $98.6M | $-262.0M | ||
| Q1 24 | $116.2M | $-2.9B |
| Q4 25 | 30.1% | 55.7% | ||
| Q3 25 | 29.5% | 55.3% | ||
| Q2 25 | 28.8% | 62.8% | ||
| Q1 25 | 26.9% | 50.8% | ||
| Q4 24 | 30.4% | 55.9% | ||
| Q3 24 | 34.6% | 53.8% | ||
| Q2 24 | 29.3% | 57.6% | ||
| Q1 24 | 28.4% | 33.5% |
| Q4 25 | 10.6% | -2.3% | ||
| Q3 25 | 10.4% | -5.5% | ||
| Q2 25 | 9.3% | 1.4% | ||
| Q1 25 | 7.6% | -238.7% | ||
| Q4 24 | 10.9% | -9.7% | ||
| Q3 24 | 15.2% | -22.0% | ||
| Q2 24 | 10.5% | -13.8% | ||
| Q1 24 | 9.5% | -193.9% |
| Q4 25 | 7.8% | -5.5% | ||
| Q3 25 | 7.7% | -7.5% | ||
| Q2 25 | 6.5% | -0.8% | ||
| Q1 25 | 5.6% | -235.5% | ||
| Q4 24 | 8.3% | -9.2% | ||
| Q3 24 | 11.7% | -27.0% | ||
| Q2 24 | 8.6% | -19.6% | ||
| Q1 24 | 10.0% | -207.4% |
| Q4 25 | $1.97 | $-0.50 | ||
| Q3 25 | $1.91 | $-0.73 | ||
| Q2 25 | $1.56 | $-0.07 | ||
| Q1 25 | $1.28 | $-21.27 | ||
| Q4 24 | $1.80 | $-0.71 | ||
| Q3 24 | $2.37 | $-2.08 | ||
| Q2 24 | $1.70 | $-1.52 | ||
| Q1 24 | $1.97 | $-17.05 |
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 | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $3.5B |
| Total Assets | $4.9B | $10.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.0B | $2.0B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $2.1B | $879.6M | ||
| Q2 24 | $1.8B | $1.1B | ||
| Q1 24 | $2.0B | $776.0M |
| Q4 25 | $3.7B | $3.5B | ||
| Q3 25 | $3.7B | $3.4B | ||
| Q2 25 | $3.7B | $3.5B | ||
| Q1 25 | $3.6B | $2.1B | ||
| Q4 24 | $3.6B | $5.7B | ||
| Q3 24 | $3.6B | $5.8B | ||
| Q2 24 | $3.4B | $6.0B | ||
| Q1 24 | $3.5B | $5.7B |
| Q4 25 | $4.9B | $10.0B | ||
| Q3 25 | $4.8B | $10.1B | ||
| Q2 25 | $4.7B | $9.7B | ||
| Q1 25 | $4.7B | $9.2B | ||
| Q4 24 | $4.8B | $12.7B | ||
| Q3 24 | $4.5B | $13.1B | ||
| Q2 24 | $4.2B | $12.9B | ||
| Q1 24 | $4.4B | $12.2B |
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 | $305.2M |
| Free Cash FlowOCF − Capex | $268.1M | $236.2M |
| FCF MarginFCF / Revenue | 19.0% | 13.9% |
| Capex IntensityCapex / Revenue | 1.1% | 4.1% |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $487.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $305.2M | ||
| Q3 25 | $294.7M | $128.4M | ||
| Q2 25 | $53.2M | $-44.7M | ||
| Q1 25 | $24.2M | $279.0M | ||
| Q4 24 | $130.3M | $-4.8M | ||
| Q3 24 | $242.0M | $-128.4M | ||
| Q2 24 | $57.0M | $-191.0M | ||
| Q1 24 | $129.9M | $-8.9M |
| Q4 25 | $268.1M | $236.2M | ||
| Q3 25 | $286.4M | $96.5M | ||
| Q2 25 | $43.4M | $-69.8M | ||
| Q1 25 | $14.8M | $224.9M | ||
| Q4 24 | $114.5M | $-48.2M | ||
| Q3 24 | $237.0M | $-165.2M | ||
| Q2 24 | $52.3M | $-226.1M | ||
| Q1 24 | $123.2M | $-55.1M |
| Q4 25 | 19.0% | 13.9% | ||
| Q3 25 | 20.5% | 5.4% | ||
| Q2 25 | 3.2% | -4.6% | ||
| Q1 25 | 1.1% | 14.2% | ||
| Q4 24 | 9.2% | -3.5% | ||
| Q3 24 | 20.3% | -12.2% | ||
| Q2 24 | 4.6% | -16.9% | ||
| Q1 24 | 10.6% | -3.9% |
| Q4 25 | 1.1% | 4.1% | ||
| Q3 25 | 0.6% | 1.8% | ||
| Q2 25 | 0.7% | 1.7% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | 1.3% | 3.2% | ||
| Q3 24 | 0.4% | 2.7% | ||
| Q2 24 | 0.4% | 2.6% | ||
| Q1 24 | 0.6% | 3.3% |
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.77× | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 1.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
