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Side-by-side financial comparison of EPAM Systems (EPAM) and Williams-Sonoma, Inc. (WSM). Click either name above to swap in a different company.

Williams-Sonoma, Inc. is the larger business by last-quarter revenue ($1.9B vs $1.4B, roughly 1.3× EPAM Systems). Williams-Sonoma, Inc. runs the higher net margin — 12.8% vs 7.8%, a 5.1% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 4.6%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $248.1M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -9.1%).

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.

Williams Sonoma is an American retailer of cookware, appliances, and home furnishings. It is owned by Williams-Sonoma, Inc., and was founded by Charles E. (Chuck) Williams in 1956.

EPAM vs WSM — Head-to-Head

Bigger by revenue
WSM
WSM
1.3× larger
WSM
$1.9B
$1.4B
EPAM
Growing faster (revenue YoY)
EPAM
EPAM
+8.2% gap
EPAM
12.8%
4.6%
WSM
Higher net margin
WSM
WSM
5.1% more per $
WSM
12.8%
7.8%
EPAM
More free cash flow
EPAM
EPAM
$20.0M more FCF
EPAM
$268.1M
$248.1M
WSM
Faster 2-yr revenue CAGR
EPAM
EPAM
Annualised
EPAM
9.9%
-9.1%
WSM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EPAM
EPAM
WSM
WSM
Revenue
$1.4B
$1.9B
Net Profit
$109.4M
$241.6M
Gross Margin
30.1%
46.1%
Operating Margin
10.6%
17.0%
Net Margin
7.8%
12.8%
Revenue YoY
12.8%
4.6%
Net Profit YoY
5.9%
-3.0%
EPS (diluted)
$1.97
$1.96

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
WSM
WSM
Q4 25
$1.4B
$1.9B
Q3 25
$1.4B
$1.8B
Q2 25
$1.4B
$1.7B
Q1 25
$1.3B
$2.5B
Q4 24
$1.2B
$1.8B
Q3 24
$1.2B
$1.8B
Q2 24
$1.1B
$1.7B
Q1 24
$1.2B
$2.3B
Net Profit
EPAM
EPAM
WSM
WSM
Q4 25
$109.4M
$241.6M
Q3 25
$106.8M
$247.6M
Q2 25
$88.0M
$231.3M
Q1 25
$73.5M
$384.9M
Q4 24
$103.3M
$249.0M
Q3 24
$136.3M
$225.7M
Q2 24
$98.6M
$265.7M
Q1 24
$116.2M
$354.4M
Gross Margin
EPAM
EPAM
WSM
WSM
Q4 25
30.1%
46.1%
Q3 25
29.5%
47.1%
Q2 25
28.8%
44.3%
Q1 25
26.9%
45.2%
Q4 24
30.4%
46.7%
Q3 24
34.6%
46.2%
Q2 24
29.3%
48.3%
Q1 24
28.4%
46.0%
Operating Margin
EPAM
EPAM
WSM
WSM
Q4 25
10.6%
17.0%
Q3 25
10.4%
17.9%
Q2 25
9.3%
16.8%
Q1 25
7.6%
20.1%
Q4 24
10.9%
17.8%
Q3 24
15.2%
16.2%
Q2 24
10.5%
19.5%
Q1 24
9.5%
20.1%
Net Margin
EPAM
EPAM
WSM
WSM
Q4 25
7.8%
12.8%
Q3 25
7.7%
13.5%
Q2 25
6.5%
13.4%
Q1 25
5.6%
15.6%
Q4 24
8.3%
13.8%
Q3 24
11.7%
12.6%
Q2 24
8.6%
16.0%
Q1 24
10.0%
15.6%
EPS (diluted)
EPAM
EPAM
WSM
WSM
Q4 25
$1.97
$1.96
Q3 25
$1.91
$2.00
Q2 25
$1.56
$1.85
Q1 25
$1.28
$1.02
Q4 24
$1.80
$1.96
Q3 24
$2.37
$1.74
Q2 24
$1.70
$4.07
Q1 24
$1.97
$5.42

Balance Sheet & Financial Strength

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

Metric
EPAM
EPAM
WSM
WSM
Cash + ST InvestmentsLiquidity on hand
$1.3B
$884.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$2.1B
Total Assets
$4.9B
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPAM
EPAM
WSM
WSM
Q4 25
$1.3B
$884.7M
Q3 25
$1.2B
$985.8M
Q2 25
$1.0B
$1.0B
Q1 25
$1.2B
$1.2B
Q4 24
$1.3B
$826.8M
Q3 24
$2.1B
$1.3B
Q2 24
$1.8B
$1.3B
Q1 24
$2.0B
$1.3B
Stockholders' Equity
EPAM
EPAM
WSM
WSM
Q4 25
$3.7B
$2.1B
Q3 25
$3.7B
$2.1B
Q2 25
$3.7B
$2.2B
Q1 25
$3.6B
$2.1B
Q4 24
$3.6B
$1.9B
Q3 24
$3.6B
$2.3B
Q2 24
$3.4B
$2.2B
Q1 24
$3.5B
$2.1B
Total Assets
EPAM
EPAM
WSM
WSM
Q4 25
$4.9B
$5.3B
Q3 25
$4.8B
$5.2B
Q2 25
$4.7B
$5.2B
Q1 25
$4.7B
$5.3B
Q4 24
$4.8B
$5.0B
Q3 24
$4.5B
$5.2B
Q2 24
$4.2B
$5.2B
Q1 24
$4.4B
$5.3B

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
WSM
WSM
Operating Cash FlowLast quarter
$282.9M
$316.3M
Free Cash FlowOCF − Capex
$268.1M
$248.1M
FCF MarginFCF / Revenue
19.0%
13.2%
Capex IntensityCapex / Revenue
1.1%
3.6%
Cash ConversionOCF / Net Profit
2.59×
1.31×
TTM Free Cash FlowTrailing 4 quarters
$612.7M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPAM
EPAM
WSM
WSM
Q4 25
$282.9M
$316.3M
Q3 25
$294.7M
$282.7M
Q2 25
$53.2M
$118.9M
Q1 25
$24.2M
$633.5M
Q4 24
$130.3M
$253.5M
Q3 24
$242.0M
$246.5M
Q2 24
$57.0M
$226.8M
Q1 24
$129.9M
$674.9M
Free Cash Flow
EPAM
EPAM
WSM
WSM
Q4 25
$268.1M
$248.1M
Q3 25
$286.4M
$230.7M
Q2 25
$43.4M
$60.7M
Q1 25
$14.8M
$566.3M
Q4 24
$114.5M
$170.1M
Q3 24
$237.0M
$215.1M
Q2 24
$52.3M
$187.3M
Q1 24
$123.2M
$621.2M
FCF Margin
EPAM
EPAM
WSM
WSM
Q4 25
19.0%
13.2%
Q3 25
20.5%
12.6%
Q2 25
3.2%
3.5%
Q1 25
1.1%
23.0%
Q4 24
9.2%
9.4%
Q3 24
20.3%
12.0%
Q2 24
4.6%
11.3%
Q1 24
10.6%
27.3%
Capex Intensity
EPAM
EPAM
WSM
WSM
Q4 25
1.1%
3.6%
Q3 25
0.6%
2.8%
Q2 25
0.7%
3.4%
Q1 25
0.7%
2.7%
Q4 24
1.3%
4.6%
Q3 24
0.4%
1.8%
Q2 24
0.4%
2.4%
Q1 24
0.6%
2.4%
Cash Conversion
EPAM
EPAM
WSM
WSM
Q4 25
2.59×
1.31×
Q3 25
2.76×
1.14×
Q2 25
0.60×
0.51×
Q1 25
0.33×
1.65×
Q4 24
1.26×
1.02×
Q3 24
1.77×
1.09×
Q2 24
0.58×
0.85×
Q1 24
1.12×
1.90×

Financial Flow Comparison

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

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