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Side-by-side financial comparison of EPAM Systems (EPAM) and Uniti Group Inc. (UNIT). Click either name above to swap in a different company.

EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $722.6M, roughly 1.9× Uniti Group Inc.). Uniti Group Inc. runs the higher net margin — 222.7% vs 7.8%, a 214.9% gap on every dollar of revenue.

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.

Uniti was an electric vehicle prototype by Uniti Sweden, a Swedish automotive startup. The company was founded in January 2016 by a team of students and engineers under CEO Lewis Horne which aimed at developing an electric microcar in Lund, Sweden. It filed for bankruptcy in April 2022. No products were ever delivered to customers.

EPAM vs UNIT — Head-to-Head

Bigger by revenue
EPAM
EPAM
1.9× larger
EPAM
$1.4B
$722.6M
UNIT
Higher net margin
UNIT
UNIT
214.9% more per $
UNIT
222.7%
7.8%
EPAM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EPAM
EPAM
UNIT
UNIT
Revenue
$1.4B
$722.6M
Net Profit
$109.4M
$1.6B
Gross Margin
30.1%
Operating Margin
10.6%
-5.9%
Net Margin
7.8%
222.7%
Revenue YoY
12.8%
Net Profit YoY
5.9%
EPS (diluted)
$1.97
$4.92

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
UNIT
UNIT
Q4 25
$1.4B
Q3 25
$1.4B
$722.6M
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.1B
Q1 24
$1.2B
Net Profit
EPAM
EPAM
UNIT
UNIT
Q4 25
$109.4M
Q3 25
$106.8M
$1.6B
Q2 25
$88.0M
Q1 25
$73.5M
Q4 24
$103.3M
Q3 24
$136.3M
Q2 24
$98.6M
Q1 24
$116.2M
Gross Margin
EPAM
EPAM
UNIT
UNIT
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%
Operating Margin
EPAM
EPAM
UNIT
UNIT
Q4 25
10.6%
Q3 25
10.4%
-5.9%
Q2 25
9.3%
Q1 25
7.6%
Q4 24
10.9%
Q3 24
15.2%
Q2 24
10.5%
Q1 24
9.5%
Net Margin
EPAM
EPAM
UNIT
UNIT
Q4 25
7.8%
Q3 25
7.7%
222.7%
Q2 25
6.5%
Q1 25
5.6%
Q4 24
8.3%
Q3 24
11.7%
Q2 24
8.6%
Q1 24
10.0%
EPS (diluted)
EPAM
EPAM
UNIT
UNIT
Q4 25
$1.97
Q3 25
$1.91
$4.92
Q2 25
$1.56
Q1 25
$1.28
Q4 24
$1.80
Q3 24
$2.37
Q2 24
$1.70
Q1 24
$1.97

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
UNIT
UNIT
Cash + ST InvestmentsLiquidity on hand
$1.3B
$158.0M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$3.7B
$680.7M
Total Assets
$4.9B
$12.1B
Debt / EquityLower = less leverage
13.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
UNIT
UNIT
Q4 25
$1.3B
Q3 25
$1.2B
$158.0M
Q2 25
$1.0B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$2.1B
Q2 24
$1.8B
Q1 24
$2.0B
Total Debt
EPAM
EPAM
UNIT
UNIT
Q4 25
Q3 25
$9.3B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EPAM
EPAM
UNIT
UNIT
Q4 25
$3.7B
Q3 25
$3.7B
$680.7M
Q2 25
$3.7B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$3.6B
Q2 24
$3.4B
Q1 24
$3.5B
Total Assets
EPAM
EPAM
UNIT
UNIT
Q4 25
$4.9B
Q3 25
$4.8B
$12.1B
Q2 25
$4.7B
Q1 25
$4.7B
Q4 24
$4.8B
Q3 24
$4.5B
Q2 24
$4.2B
Q1 24
$4.4B
Debt / Equity
EPAM
EPAM
UNIT
UNIT
Q4 25
Q3 25
13.64×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
UNIT
UNIT
Operating Cash FlowLast quarter
$282.9M
$229.8M
Free Cash FlowOCF − Capex
$268.1M
FCF MarginFCF / Revenue
19.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
2.59×
0.14×
TTM Free Cash FlowTrailing 4 quarters
$612.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
UNIT
UNIT
Q4 25
$282.9M
Q3 25
$294.7M
$229.8M
Q2 25
$53.2M
Q1 25
$24.2M
Q4 24
$130.3M
Q3 24
$242.0M
Q2 24
$57.0M
Q1 24
$129.9M
Free Cash Flow
EPAM
EPAM
UNIT
UNIT
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
FCF Margin
EPAM
EPAM
UNIT
UNIT
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%
Capex Intensity
EPAM
EPAM
UNIT
UNIT
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%
Cash Conversion
EPAM
EPAM
UNIT
UNIT
Q4 25
2.59×
Q3 25
2.76×
0.14×
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.

Revenue Breakdown by Segment

EPAM
EPAM

Segment breakdown not available.

UNIT
UNIT

Revenue And Sales$315.5M44%
DSL Subscriber And Other$102.7M14%
Fiber Subscriber$77.7M11%
Business Services$66.4M9%
Uniti Fiber$55.7M8%
Wholesale$54.8M8%
Sales Revenue$27.3M4%
Time Division Multiplexing$8.7M1%
Switched Access$2.2M0%

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