Touchstone
Last syncNov 1, 2026, 6:55 PM ET

EPAM

Epam Systems, Inc. Information Technology Services-Computer Programming Services Russell 3000
$140.51Close $7.6BMarket cap $76.04 – $221.4052-week range Nov 5, 2026Next report · before the open

Highlights

Strengths

  • Earnings growing EPS +27% year on year, faster than the quarter before (+8 pts)

Cautions

  • Not in an uptrend 3 of 8 trend conditions
  • Far from its high 37% below its 52-week high
  • Extended 4.8 ATR above its 50-day average
  • Results soon Nov 5, 2026, in 4 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 6, 2026
Off 12-month high 37%
1wk up 3.1% price change
1mo up 29.7% price change
12-month return down 12% market up 11% · its own down 25%
F-score 6 / 9 Mixed
Altman Z — Unknown
P/E 20.2× price / earnings
PEG — P/E / EPS growth
P/B 2.1× price / book
Earnings yield up 8.2% EBIT / enterprise value
Cheaper than 80% of the market · cheap
Revenue growth up 15% year on year
EPS growth up 27% latest quarter · +8 pts
Sales growth up 5% latest quarter · -3 pts
ROE up 10% return on equity
Free cash margin up 11% $612.7M FCF
D/E 0.01 long-term debt / equity
Net debt / EBITDA -2.0× net cash
Interest cover —EBIT / interest
Piotroski tests
  • profitability slipped from last year
  • short-term liquidity weakened
  • gross margin narrowed
  • profitable on its assets
  • generating cash from operations
  • profits backed by cash
  • reduced long-term debt
  • no new shares issued
  • assets working harder

Trade setup

ATR% 3.9% $5.53 a day · 2×ATR $129.46
RS 59 / 99 vs the universe
Trend 3 / 8 trend template
Relative volume 1.2× vs 50-day average
Up/down volume 1.08 50 sessions
Implied move — no option chain · report Nov 5, 2026
Trend template · 3 of 8
  • Price above the 150 and 200-day averages: passes
  • 150-day average above the 200-day: fails
  • 200-day average rising for a month: fails
  • 50-day average above the 150 and 200-day: fails
  • Price above the 50-day average: passes
  • At least 30% above the 52-week low: passes
  • Within 25% of the 52-week high: fails
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Gross margin narrowing Gross margin fell from 30.7% to 28.8%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported Aug 6, 2026
Last shock Aug 6, 2026-15% in one session2.1× volumeon results+51% since

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $5.5B +15% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.7B FY2021 · $3.8B FY2022 · $4.8B FY2023 · $4.7B FY2024 · $4.7B FY2025 · $5.5B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $377.7M -17% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $327.2M FY2021 · $481.7M FY2022 · $419.4M FY2023 · $417.1M FY2024 · $454.5M FY2025 · $377.7M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $612.7M +16% on FY2024
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $475.6M FY2021 · $460.8M FY2022 · $382.5M FY2023 · $534.2M FY2024 · $527.0M FY2025 · $612.7M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 29%
  • Net 7%
  • Free cash 11%
0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 35% · Net 12% · Free cash 18% FY2021 · Gross 34% · Net 13% · Free cash 12% FY2022 · Gross 32% · Net 9% · Free cash 8% FY2023 · Gross 31% · Net 9% · Free cash 11% FY2024 · Gross 31% · Net 10% · Free cash 11% FY2025 · Gross 29% · Net 7% · Free cash 11%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $1.3B net cash
  • Cash
  • Long-term debt
$0 $2.5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $1.3B · Long-term debt $25.0M FY2021 · Cash $1.4B · Long-term debt $30.2M FY2022 · Cash $1.7B · Long-term debt $27.7M FY2023 · Cash $2.0B · Long-term debt $26.1M FY2024 · Cash $1.3B · Long-term debt $25.2M FY2025 · Cash $1.3B · Long-term debt $25.0M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 54.27m -3.3% since FY2020
57.79m 54.27m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 56.11m FY2021 · 56.85m FY2022 · 57.66m FY2023 · 57.79m FY2024 · 56.87m FY2025 · 54.27m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $2.7B $3.8B $4.8B $4.7B $4.7B $5.5B
Gross margin 35% 34% 32% 31% 31% 29%
Operating income $379.3M $542.3M $573.0M $501.2M $544.6M $520.0M
Net income $327.2M $481.7M $419.4M $417.1M $454.5M $377.7M
Net margin 12% 13% 9% 9% 10% 7%
Earnings per share $5.60 $8.15 $7.09 $7.06 $7.84 $6.72
Free cash flow $475.6M $460.8M $382.5M $534.2M $527.0M $612.7M
Free cash margin 18% 12% 8% 11% 11% 11%
Cash $1.3B $1.4B $1.7B $2.0B $1.3B $1.3B
Long-term debt $25.0M $30.2M $27.7M $26.1M $25.2M $25.0M
Shareholders' equity $2.0B $2.5B $3.0B $3.5B $3.6B $3.7B
Shares outstanding 56.11m 56.85m 57.66m 57.79m 56.87m 54.27m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 6, 2026 Quarterly ↗ Jun 30, 2026 37d
May 7, 2026 Quarterly ↗ Mar 31, 2026 37d
Feb 26, 2026 Annual ↗ Dec 31, 2025 57d
Nov 6, 2025 Quarterly ↗ Sep 30, 2025 37d
Aug 7, 2025 Quarterly ↗ Jun 30, 2025 38d
May 8, 2025 Quarterly ↗ Mar 31, 2025 38d
Feb 28, 2025 Annual ↗ Dec 31, 2024 59d
Nov 7, 2024 Quarterly ↗ Sep 30, 2024 38d
Aug 8, 2024 Quarterly ↗ Jun 30, 2024 39d
May 9, 2024 Quarterly ↗ Mar 31, 2024 39d
Feb 22, 2024 Annual ↗ Dec 31, 2023 53d
Nov 3, 2023 Quarterly ↗ Sep 30, 2023 34d

Current reports

FiledDisclosed
Aug 6, 2026 Results ↗
May 26, 2026 Director or officer change · Charter or bylaws · Shareholder vote ↗
May 7, 2026 Results ↗
Apr 1, 2026 Director or officer change ↗
Mar 12, 2026 Regulation FD ↗
Mar 5, 2026 Material agreement · Regulation FD ↗
Feb 19, 2026 Results ↗
Jan 13, 2026 Regulation FD ↗
Nov 6, 2025 Results ↗
Oct 21, 2025 Other events ↗
Oct 6, 2025 Material agreement · Agreement ended · New obligation ↗
Sep 2, 2025 Director or officer change · Charter or bylaws ↗