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Side-by-side financial comparison of EPAM Systems (EPAM) and Western Union CO (WU). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $982.7M, roughly 1.4× Western Union CO). EPAM Systems runs the higher net margin — 7.8% vs 6.6%, a 1.2% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 0.0%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -1.9%).
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.
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
EPAM vs WU — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $982.7M |
| Net Profit | $109.4M | $64.7M |
| Gross Margin | 30.1% | — |
| Operating Margin | 10.6% | 12.5% |
| Net Margin | 7.8% | 6.6% |
| Revenue YoY | 12.8% | 0.0% |
| Net Profit YoY | 5.9% | -47.6% |
| EPS (diluted) | $1.97 | $0.41 |
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.
| Q1 26 | — | $982.7M | ||
| Q4 25 | $1.4B | $972.0M | ||
| Q3 25 | $1.4B | $985.3M | ||
| Q2 25 | $1.4B | $983.6M | ||
| Q1 25 | $1.3B | $938.7M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $993.4M | ||
| Q2 24 | $1.1B | $1.0B |
| Q1 26 | — | $64.7M | ||
| Q4 25 | $109.4M | $114.4M | ||
| Q3 25 | $106.8M | $139.6M | ||
| Q2 25 | $88.0M | $122.1M | ||
| Q1 25 | $73.5M | $123.5M | ||
| Q4 24 | $103.3M | $385.7M | ||
| Q3 24 | $136.3M | $264.8M | ||
| Q2 24 | $98.6M | $141.0M |
| Q1 26 | — | — | ||
| Q4 25 | 30.1% | 33.6% | ||
| Q3 25 | 29.5% | 34.7% | ||
| Q2 25 | 28.8% | 34.6% | ||
| Q1 25 | 26.9% | 34.0% | ||
| Q4 24 | 30.4% | 35.0% | ||
| Q3 24 | 34.6% | 34.2% | ||
| Q2 24 | 29.3% | 35.0% |
| Q1 26 | — | 12.5% | ||
| Q4 25 | 10.6% | 19.1% | ||
| Q3 25 | 10.4% | 20.5% | ||
| Q2 25 | 9.3% | 19.6% | ||
| Q1 25 | 7.6% | 18.9% | ||
| Q4 24 | 10.9% | 17.5% | ||
| Q3 24 | 15.2% | 16.6% | ||
| Q2 24 | 10.5% | 18.7% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 7.8% | 11.8% | ||
| Q3 25 | 7.7% | 14.2% | ||
| Q2 25 | 6.5% | 12.4% | ||
| Q1 25 | 5.6% | 13.2% | ||
| Q4 24 | 8.3% | 37.9% | ||
| Q3 24 | 11.7% | 26.7% | ||
| Q2 24 | 8.6% | 13.8% |
| Q1 26 | — | $0.41 | ||
| Q4 25 | $1.97 | $0.36 | ||
| Q3 25 | $1.91 | $0.43 | ||
| Q2 25 | $1.56 | $0.37 | ||
| Q1 25 | $1.28 | $0.36 | ||
| Q4 24 | $1.80 | $1.14 | ||
| Q3 24 | $2.37 | $0.78 | ||
| Q2 24 | $1.70 | $0.41 |
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 | $909.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $910.5M |
| Total Assets | $4.9B | $8.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $909.2M | ||
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.2B | $947.8M | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $1.8B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B |
| Q1 26 | — | $910.5M | ||
| Q4 25 | $3.7B | $957.8M | ||
| Q3 25 | $3.7B | $925.4M | ||
| Q2 25 | $3.7B | $883.6M | ||
| Q1 25 | $3.6B | $939.4M | ||
| Q4 24 | $3.6B | $968.9M | ||
| Q3 24 | $3.6B | $652.7M | ||
| Q2 24 | $3.4B | $440.8M |
| Q1 26 | — | $8.1B | ||
| Q4 25 | $4.9B | $8.3B | ||
| Q3 25 | $4.8B | $7.8B | ||
| Q2 25 | $4.7B | $8.0B | ||
| Q1 25 | $4.7B | $8.3B | ||
| Q4 24 | $4.8B | $8.4B | ||
| Q3 24 | $4.5B | $7.7B | ||
| Q2 24 | $4.2B | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 3.04× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 4.88× |
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 | $109.0M |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | 4.8% |
| Cash ConversionOCF / Net Profit | 2.59× | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $109.0M | ||
| Q4 25 | $282.9M | $135.4M | ||
| Q3 25 | $294.7M | $260.4M | ||
| Q2 25 | $53.2M | $-300.0K | ||
| Q1 25 | $24.2M | $148.2M | ||
| Q4 24 | $130.3M | $134.0M | ||
| Q3 24 | $242.0M | $212.1M | ||
| Q2 24 | $57.0M | $-33.8M |
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $115.5M | ||
| Q3 25 | $286.4M | $252.7M | ||
| Q2 25 | $43.4M | $-7.8M | ||
| Q1 25 | $14.8M | $144.8M | ||
| Q4 24 | $114.5M | $119.7M | ||
| Q3 24 | $237.0M | $205.1M | ||
| Q2 24 | $52.3M | $-38.9M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 11.9% | ||
| Q3 25 | 20.5% | 25.6% | ||
| Q2 25 | 3.2% | -0.8% | ||
| Q1 25 | 1.1% | 15.4% | ||
| Q4 24 | 9.2% | 11.8% | ||
| Q3 24 | 20.3% | 20.6% | ||
| Q2 24 | 4.6% | -3.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 0.6% | 0.8% | ||
| Q2 25 | 0.7% | 0.8% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 0.4% | 0.7% | ||
| Q2 24 | 0.4% | 0.5% |
| Q1 26 | — | 1.68× | ||
| Q4 25 | 2.59× | 1.18× | ||
| Q3 25 | 2.76× | 1.87× | ||
| Q2 25 | 0.60× | -0.00× | ||
| Q1 25 | 0.33× | 1.20× | ||
| Q4 24 | 1.26× | 0.35× | ||
| Q3 24 | 1.77× | 0.80× | ||
| Q2 24 | 0.58× | -0.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
