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Side-by-side financial comparison of EPAM Systems (EPAM) and XPO, Inc. (XPO). Click either name above to swap in a different company.
XPO, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× EPAM Systems). EPAM Systems runs the higher net margin — 5.9% vs 4.8%, a 1.1% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (7.6% vs 7.3%). Over the past eight quarters, EPAM Systems's revenue compounded faster (10.5% CAGR vs 0.4%).
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.
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
EPAM vs XPO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $82.5M | $101.0M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | 8.3% |
| Net Margin | 5.9% | 4.8% |
| Revenue YoY | 7.6% | 7.3% |
| Net Profit YoY | 12.3% | 46.4% |
| EPS (diluted) | $1.52 | $0.85 |
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 | $1.4B | $2.1B | ||
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.1B | $2.1B |
| Q1 26 | $82.5M | $101.0M | ||
| Q4 25 | $109.4M | $59.0M | ||
| Q3 25 | $106.8M | $82.0M | ||
| Q2 25 | $88.0M | $106.0M | ||
| Q1 25 | $73.5M | $69.0M | ||
| Q4 24 | $103.3M | $75.0M | ||
| Q3 24 | $136.3M | $95.0M | ||
| Q2 24 | $98.6M | $150.0M |
| Q1 26 | — | — | ||
| 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 26 | 8.3% | 8.3% | ||
| Q4 25 | 10.6% | 7.1% | ||
| Q3 25 | 10.4% | 7.8% | ||
| Q2 25 | 9.3% | 9.5% | ||
| Q1 25 | 7.6% | 7.7% | ||
| Q4 24 | 10.9% | 7.8% | ||
| Q3 24 | 15.2% | 8.6% | ||
| Q2 24 | 10.5% | 9.5% |
| Q1 26 | 5.9% | 4.8% | ||
| Q4 25 | 7.8% | 2.9% | ||
| Q3 25 | 7.7% | 3.9% | ||
| Q2 25 | 6.5% | 5.1% | ||
| Q1 25 | 5.6% | 3.5% | ||
| Q4 24 | 8.3% | 3.9% | ||
| Q3 24 | 11.7% | 4.6% | ||
| Q2 24 | 8.6% | 7.2% |
| Q1 26 | $1.52 | $0.85 | ||
| Q4 25 | $1.97 | $0.49 | ||
| Q3 25 | $1.91 | $0.68 | ||
| Q2 25 | $1.56 | $0.89 | ||
| Q1 25 | $1.28 | $0.58 | ||
| Q4 24 | $1.80 | $0.63 | ||
| Q3 24 | $2.37 | $0.79 | ||
| Q2 24 | $1.70 | $1.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $237.0M |
| Total DebtLower is stronger | $165.0M | $3.3B |
| Stockholders' EquityBook value | $3.4B | $1.9B |
| Total Assets | $4.7B | $8.2B |
| Debt / EquityLower = less leverage | 0.05× | 1.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | $237.0M | ||
| Q4 25 | $1.3B | $310.0M | ||
| Q3 25 | $1.2B | $335.0M | ||
| Q2 25 | $1.0B | $225.0M | ||
| Q1 25 | $1.2B | $212.0M | ||
| Q4 24 | $1.3B | $246.0M | ||
| Q3 24 | $2.1B | $378.0M | ||
| Q2 24 | $1.8B | $250.0M |
| Q1 26 | $165.0M | $3.3B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.4B | $1.9B | ||
| Q4 25 | $3.7B | $1.9B | ||
| Q3 25 | $3.7B | $1.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.6B | $1.6B | ||
| Q4 24 | $3.6B | $1.6B | ||
| Q3 24 | $3.6B | $1.6B | ||
| Q2 24 | $3.4B | $1.5B |
| Q1 26 | $4.7B | $8.2B | ||
| Q4 25 | $4.9B | $8.2B | ||
| Q3 25 | $4.8B | $8.2B | ||
| Q2 25 | $4.7B | $8.1B | ||
| Q1 25 | $4.7B | $7.9B | ||
| Q4 24 | $4.8B | $7.7B | ||
| Q3 24 | $4.5B | $7.9B | ||
| Q2 24 | $4.2B | $7.7B |
| Q1 26 | 0.05× | 1.77× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $183.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $183.0M | ||
| Q4 25 | $282.9M | — | ||
| Q3 25 | $294.7M | $371.0M | ||
| Q2 25 | $53.2M | $247.0M | ||
| Q1 25 | $24.2M | $142.0M | ||
| Q4 24 | $130.3M | $189.0M | ||
| Q3 24 | $242.0M | $264.0M | ||
| Q2 24 | $57.0M | $210.0M |
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | — | ||
| Q3 25 | $286.4M | $215.0M | ||
| Q2 25 | $43.4M | $51.0M | ||
| Q1 25 | $14.8M | $-57.0M | ||
| Q4 24 | $114.5M | $23.0M | ||
| Q3 24 | $237.0M | $137.0M | ||
| Q2 24 | $52.3M | $20.0M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 20.5% | 10.2% | ||
| Q2 25 | 3.2% | 2.5% | ||
| Q1 25 | 1.1% | -2.9% | ||
| Q4 24 | 9.2% | 1.2% | ||
| Q3 24 | 20.3% | 6.7% | ||
| Q2 24 | 4.6% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 5.3% | ||
| Q3 25 | 0.6% | 7.4% | ||
| Q2 25 | 0.7% | 9.4% | ||
| Q1 25 | 0.7% | 10.2% | ||
| Q4 24 | 1.3% | 8.6% | ||
| Q3 24 | 0.4% | 6.2% | ||
| Q2 24 | 0.4% | 9.1% |
| Q1 26 | — | 1.81× | ||
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.76× | 4.52× | ||
| Q2 25 | 0.60× | 2.33× | ||
| Q1 25 | 0.33× | 2.06× | ||
| Q4 24 | 1.26× | 2.52× | ||
| Q3 24 | 1.77× | 2.78× | ||
| Q2 24 | 0.58× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
