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Side-by-side financial comparison of EPAM Systems (EPAM) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× EPAM Systems). UGI CORP runs the higher net margin — 14.4% vs 7.8%, a 6.6% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 3.9%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $-155.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -7.5%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
EPAM vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $109.4M | $297.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 22.0% |
| Net Margin | 7.8% | 14.4% |
| Revenue YoY | 12.8% | 3.9% |
| Net Profit YoY | 5.9% | -20.8% |
| EPS (diluted) | $1.97 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.2B | $2.4B |
| Q4 25 | $109.4M | $297.0M | ||
| Q3 25 | $106.8M | $-13.0M | ||
| Q2 25 | $88.0M | $-163.0M | ||
| Q1 25 | $73.5M | $479.0M | ||
| Q4 24 | $103.3M | $375.0M | ||
| Q3 24 | $136.3M | $-273.0M | ||
| Q2 24 | $98.6M | $-48.0M | ||
| Q1 24 | $116.2M | $496.0M |
| 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% | 22.0% | ||
| Q3 25 | 10.4% | 1.1% | ||
| Q2 25 | 9.3% | -6.8% | ||
| Q1 25 | 7.6% | 26.6% | ||
| Q4 24 | 10.9% | 24.5% | ||
| Q3 24 | 15.2% | -20.4% | ||
| Q2 24 | 10.5% | 5.0% | ||
| Q1 24 | 9.5% | 29.7% |
| Q4 25 | 7.8% | 14.4% | ||
| Q3 25 | 7.7% | -1.1% | ||
| Q2 25 | 6.5% | -12.0% | ||
| Q1 25 | 5.6% | 18.2% | ||
| Q4 24 | 8.3% | 18.9% | ||
| Q3 24 | 11.7% | -22.6% | ||
| Q2 24 | 8.6% | -3.6% | ||
| Q1 24 | 10.0% | 20.6% |
| Q4 25 | $1.97 | $1.34 | ||
| Q3 25 | $1.91 | $-0.08 | ||
| Q2 25 | $1.56 | $-0.76 | ||
| Q1 25 | $1.28 | $2.19 | ||
| Q4 24 | $1.80 | $1.74 | ||
| Q3 24 | $2.37 | $-1.26 | ||
| Q2 24 | $1.70 | $-0.23 | ||
| Q1 24 | $1.97 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | — | $6.0B |
| Stockholders' EquityBook value | $3.7B | $5.0B |
| Total Assets | $4.9B | $15.8B |
| Debt / EquityLower = less leverage | — | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $251.0M | ||
| Q3 25 | $1.2B | $335.0M | ||
| Q2 25 | $1.0B | $350.0M | ||
| Q1 25 | $1.2B | $426.0M | ||
| Q4 24 | $1.3B | $240.0M | ||
| Q3 24 | $2.1B | $213.0M | ||
| Q2 24 | $1.8B | $183.0M | ||
| Q1 24 | $2.0B | $263.0M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | $3.7B | $5.0B | ||
| Q3 25 | $3.7B | $4.8B | ||
| Q2 25 | $3.7B | $4.9B | ||
| Q1 25 | $3.6B | $5.0B | ||
| Q4 24 | $3.6B | $4.6B | ||
| Q3 24 | $3.6B | $4.3B | ||
| Q2 24 | $3.4B | $4.7B | ||
| Q1 24 | $3.5B | $4.8B |
| Q4 25 | $4.9B | $15.8B | ||
| Q3 25 | $4.8B | $15.5B | ||
| Q2 25 | $4.7B | $15.4B | ||
| Q1 25 | $4.7B | $15.7B | ||
| Q4 24 | $4.8B | $15.4B | ||
| Q3 24 | $4.5B | $15.1B | ||
| Q2 24 | $4.2B | $15.1B | ||
| Q1 24 | $4.4B | $15.6B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $268.1M | $-155.0M |
| FCF MarginFCF / Revenue | 19.0% | -7.5% |
| Capex IntensityCapex / Revenue | 1.1% | 10.7% |
| Cash ConversionOCF / Net Profit | 2.59× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $66.0M | ||
| Q3 25 | $294.7M | $90.0M | ||
| Q2 25 | $53.2M | $289.0M | ||
| Q1 25 | $24.2M | $684.0M | ||
| Q4 24 | $130.3M | $164.0M | ||
| Q3 24 | $242.0M | $151.0M | ||
| Q2 24 | $57.0M | $390.0M | ||
| Q1 24 | $129.9M | $522.0M |
| Q4 25 | $268.1M | $-155.0M | ||
| Q3 25 | $286.4M | $-168.0M | ||
| Q2 25 | $43.4M | $67.0M | ||
| Q1 25 | $14.8M | $538.0M | ||
| Q4 24 | $114.5M | $-47.0M | ||
| Q3 24 | $237.0M | $-115.0M | ||
| Q2 24 | $52.3M | $185.0M | ||
| Q1 24 | $123.2M | $353.0M |
| Q4 25 | 19.0% | -7.5% | ||
| Q3 25 | 20.5% | -14.4% | ||
| Q2 25 | 3.2% | 4.9% | ||
| Q1 25 | 1.1% | 20.4% | ||
| Q4 24 | 9.2% | -2.4% | ||
| Q3 24 | 20.3% | -9.5% | ||
| Q2 24 | 4.6% | 13.7% | ||
| Q1 24 | 10.6% | 14.6% |
| Q4 25 | 1.1% | 10.7% | ||
| Q3 25 | 0.6% | 22.1% | ||
| Q2 25 | 0.7% | 16.3% | ||
| Q1 25 | 0.7% | 5.5% | ||
| Q4 24 | 1.3% | 10.6% | ||
| Q3 24 | 0.4% | 22.0% | ||
| Q2 24 | 0.4% | 15.2% | ||
| Q1 24 | 0.6% | 7.0% |
| Q4 25 | 2.59× | 0.22× | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.33× | 1.43× | ||
| Q4 24 | 1.26× | 0.44× | ||
| Q3 24 | 1.77× | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 1.12× | 1.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
