Symbols / EPAM Stock $120.06 -7.02% EPAM Systems, Inc.

Technology • Information Technology Services • United States • NYQ
EPAM (Stock) Chart
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About

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; cloud services for creating a roadmap to set and refine IT and business goals while identifying new and emerging opportunities leveraging cloud technologies; data, analytics and artificial intelligence; customer experience; marketing; and cybersecurity. It also offers operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers software product and platform development services, which comprise product research, customer experience design and prototyping, program management, component design and integration, full lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, managed services, as well as cross-platform migration and modernizing legacy platforms. The company serves the financial services; consumer goods, retail and travel; software and Hi-tech; business information and media, life sciences and healthcare; and emerging verticals industries EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania.

Stock Fundamentals
Scroll to Statements
Market Cap 6.33B Enterprise Value 5.84B Income 377.68M Sales 5.46B Book/sh 67.75 Cash/sh 23.94
Dividend Yield — Payout 0.00% Employees 62850 IPO — P/E 17.89 Forward P/E 8.62
PEG 0.78 P/S 1.16 P/B 1.77 P/C — EV/EBITDA 8.26 EV/Sales 1.07
Quick Ratio 2.48 Current Ratio 2.59 Debt/Eq 3.91 LT Debt/Eq — EPS (ttm) 6.71 EPS next Y 13.93
EPS Growth 9.90% Revenue Growth 12.80% Earnings 2026-05-07 ROA 7.55% ROE 10.33% ROIC —
Gross Margin 28.88% Oper. Margin 11.86% Profit Margin 6.92% Shs Outstand 52.76M Shs Float 52.13M Short Float 18.10%
Short Ratio 5.44 Short Interest — 52W High 222.53 52W Low 119.62 Beta 1.73 Avg Volume 1.34M
Volume 1.39M Target Price $187.24 Recom Buy Prev Close $129.12 Price $120.06 Change -7.02%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$187.24
Mean price target
2. Current target
$120.06
Latest analyst target
3. DCF / Fair value
$247.47
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$120.06
Low
$140.00
High
$246.00
Mean
$187.24

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-09 main Citigroup Neutral → Neutral $145
2026-04-06 main TD Cowen Buy → Buy $213
2026-03-16 main Mizuho Outperform → Outperform $200
2026-03-16 reit Needham Buy → Buy $175
2026-02-20 main Citigroup Neutral → Neutral $155
2026-02-20 main JP Morgan Overweight → Overweight $183
2026-02-20 main Wells Fargo Overweight → Overweight $195
2026-02-20 main Truist Securities Hold → Hold $146
2026-02-20 main Needham Buy → Buy $175
2026-02-20 main Goldman Sachs Buy → Buy $235
2026-01-29 main Citigroup Neutral → Neutral $225
2026-01-14 main Wells Fargo Overweight → Overweight $247
2026-01-09 main TD Cowen Buy → Buy $243
2026-01-06 init Truist Securities — → Hold $220
2025-11-11 main Mizuho Outperform → Outperform $228
2025-11-07 main JP Morgan Overweight → Overweight $215
2025-10-22 init Citigroup — → Neutral $170
2025-10-22 init Wells Fargo — → Overweight $185
2025-09-09 main Morgan Stanley Equal-Weight → Equal-Weight $175
2025-08-20 main JP Morgan Overweight → Overweight $201
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 DVORKIN VIKTAR Officer — 21,695 $0.00 $0
2026-03-25 DOBKIN ARKADIY Officer and Director — 41,026 $70.52 $2,893,154
2026-03-13 DVORKIN VIKTAR Officer — 11,370 $0.00 $0
2026-03-13 ROCKWELL EDWARD FENWICK General Counsel — 5,947 $0.00 $0
2026-03-13 SHEKHTER ELAINA Officer — 8,221 $0.00 $0
2026-03-13 SOLOMON LAWRENCE F Officer — 11,370 $0.00 $0
2026-03-13 ABRAHAMS GARY C Officer — 1,154 $0.00 $0
2026-03-13 PETERSON JASON D Chief Financial Officer — 16,618 $0.00 $0
2026-03-13 DOBKIN ARKADIY Officer and Director — 15,743 $0.00 $0
2026-03-13 FEJES BALAZS Chief Executive Officer — 26,238 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
5,457.06
+15.42%
4,727.94
+0.80%
4,690.54
-2.78%
4,824.70
Operating Revenue
5,457.06
+15.42%
4,727.94
+0.80%
4,690.54
-2.78%
4,824.70
Cost Of Revenue
3,883.53
+18.49%
3,277.50
+0.64%
3,256.51
-0.92%
3,286.68
Reconciled Cost Of Revenue
3,842.26
+18.59%
3,239.95
+0.76%
3,215.61
-0.72%
3,238.91
Gross Profit
1,573.52
+8.49%
1,450.44
+1.14%
1,434.03
-6.76%
1,538.02
Operating Expense
1,053.52
+16.30%
905.86
-0.11%
906.87
-6.03%
965.05
Selling General And Administration
928.71
+13.77%
816.30
+0.15%
815.07
-6.61%
872.78
Total Expenses
4,937.05
+18.02%
4,183.36
+0.48%
4,163.38
-2.08%
4,251.73
Operating Income
520.00
-4.51%
544.58
+3.31%
527.16
-7.99%
572.97
Total Operating Income As Reported
520.00
-4.51%
544.58
+8.65%
501.24
-12.52%
572.97
EBITDA
686.08
+2.14%
671.69
+1.79%
659.86
-7.45%
713.01
Normalized EBITDA
712.01
+4.90%
678.74
-3.25%
701.56
-11.05%
788.75
Reconciled Depreciation
166.08
+30.67%
127.10
-4.22%
132.70
-5.25%
140.05
EBIT
520.00
-4.51%
544.58
+3.31%
527.16
-7.99%
572.97
Total Unusual Items
-25.93
-267.83%
-7.05
+83.10%
-41.70
+44.94%
-75.73
Total Unusual Items Excluding Goodwill
-25.93
-267.83%
-7.05
+83.10%
-41.70
+44.94%
-75.73
Special Income Charges
0.00
0.00
+100.00%
-25.92
0.00
Net Income
377.68
-16.91%
454.53
+8.98%
417.08
-0.56%
419.42
Pretax Income
505.62
-13.48%
584.41
+8.91%
536.59
+5.78%
507.26
Net Non Operating Interest Income Expense
11.55
-75.37%
46.88
-8.31%
51.12
+409.97%
10.03
Interest Expense Non Operating
—
—
—
—
Net Interest Income
11.55
-75.37%
46.88
-8.31%
51.12
+409.97%
10.03
Interest Expense
—
—
—
—
Interest Income Non Operating
11.55
-75.37%
46.88
-8.31%
51.12
+409.97%
10.03
Interest Income
11.55
-75.37%
46.88
-8.31%
51.12
+409.97%
10.03
Other Income Expense
-25.93
-267.83%
-7.05
+83.10%
-41.70
+44.94%
-75.73
Gain On Sale Of Security
-25.93
-267.83%
-7.05
+55.33%
-15.78
+79.17%
-75.73
Gain On Sale Of Business
0.00
0.00
+100.00%
-25.92
0.00
Tax Provision
127.95
-1.49%
129.88
+8.68%
119.50
+36.04%
87.84
Tax Rate For Calcs
0.00
+13.96%
0.00
-0.45%
0.00
+28.90%
0.00
Tax Effect Of Unusual Items
-6.56
-319.20%
-1.56
+83.17%
-9.30
+29.02%
-13.10
Net Income Including Noncontrolling Interests
377.68
-16.91%
454.53
+8.98%
417.08
-0.56%
419.42
Net Income From Continuing Operation Net Minority Interest
377.68
-16.91%
454.53
+8.98%
417.08
-0.56%
419.42
Net Income From Continuing And Discontinued Operation
377.68
-16.91%
454.53
+8.98%
417.08
-0.56%
419.42
Net Income Continuous Operations
377.68
-16.91%
454.53
+8.98%
417.08
-0.56%
419.42
Normalized Income
397.04
-13.69%
460.02
+2.34%
449.48
-6.76%
482.05
Net Income Common Stockholders
377.68
-16.91%
454.53
+8.98%
417.08
-0.56%
419.42
Diluted EPS
6.72
-14.29%
7.84
+11.05%
7.06
-0.42%
7.09
Basic EPS
6.76
-14.75%
7.93
+9.99%
7.21
-1.50%
7.32
Basic Average Shares
55.89
-2.44%
57.29
-0.94%
57.83
+0.94%
57.29
Diluted Average Shares
56.23
-3.02%
57.98
-1.87%
59.09
-0.14%
59.17
Diluted NI Availto Com Stockholders
377.68
-16.91%
454.53
+8.98%
417.08
-0.56%
419.42
Depreciation Amortization Depletion Income Statement
124.81
+39.36%
89.56
-2.44%
91.80
-0.51%
92.27
Depreciation And Amortization In Income Statement
124.81
+39.36%
89.56
-2.44%
91.80
-0.51%
92.27
Total Other Finance Cost
—
—
—
-10.03
Line Item Trend 2023-12-31 2022-12-31 2021-12-31
Total Assets
4,352.36
+8.56%
4,009.15
—
Current Assets
3,091.36
+12.02%
2,759.62
—
Cash Cash Equivalents And Short Term Investments
2,096.97
+20.40%
1,741.68
—
Cash And Cash Equivalents
2,036.23
+21.11%
1,681.34
—
Cash Equivalents
312.32
+0.00%
312.32
+298.87%
78.30
Cash Financial
1,723.91
+25.92%
1,369.02
+0.05%
1,368.32
Other Short Term Investments
60.74
+0.67%
60.34
0.00
Receivables
897.03
-3.82%
932.63
—
Accounts Receivable
897.03
-3.82%
932.63
—
Gross Accounts Receivable
908.90
-4.12%
947.94
—
Allowance For Doubtful Accounts Receivable
-11.86
+22.51%
-15.31
—
Prepaid Assets
—
—
53.93
Other Current Assets
97.36
+14.11%
85.32
—
Total Non Current Assets
1,261.00
+0.92%
1,249.53
—
Net PPE
369.95
-12.36%
422.13
—
Gross PPE
567.48
-3.69%
589.22
—
Accumulated Depreciation
-197.53
-18.21%
-167.09
—
Properties
0.00
0.00
—
Land And Improvements
3.48
+0.14%
3.48
—
Buildings And Improvements
54.90
+0.50%
54.63
—
Machinery Furniture Equipment
285.53
-4.15%
297.89
—
Construction In Progress
51.48
-0.05%
51.50
—
Other Properties
134.90
-9.33%
148.78
—
Leases
37.19
+12.87%
32.95
—
Goodwill And Other Intangible Assets
633.58
+4.43%
606.72
—
Goodwill
562.46
+6.31%
529.07
—
Other Intangible Assets
71.12
-8.41%
77.65
—
Non Current Deferred Assets
197.90
+14.53%
172.80
—
Non Current Deferred Taxes Assets
197.90
+14.53%
172.80
—
Other Non Current Assets
59.58
+24.43%
47.88
—
Total Liabilities Net Minority Interest
880.89
-12.45%
1,006.14
—
Current Liabilities
644.93
-13.72%
747.48
—
Payables And Accrued Expenses
120.31
-15.49%
142.36
—
Payables
110.66
-11.02%
124.35
—
Accounts Payable
31.99
+3.70%
30.85
—
Current Accrued Expenses
9.65
-46.41%
18.01
—
Pensionand Other Post Retirement Benefit Plans Current
412.75
-13.26%
475.87
—
Total Tax Payable
78.66
-15.87%
93.50
—
Income Tax Payable
38.81
-15.75%
46.07
—
Current Debt And Capital Lease Obligation
36.56
-9.40%
40.35
—
Current Debt
—
2.86
-82.14%
16.02
Other Current Borrowings
—
—
16.02
Current Capital Lease Obligation
36.56
-9.40%
40.35
—
Current Deferred Liabilities
27.99
-22.33%
36.04
—
Current Deferred Revenue
27.99
-22.33%
36.04
—
Other Current Liabilities
47.33
-10.46%
52.86
—
Total Non Current Liabilities Net Minority Interest
235.96
-8.77%
258.66
—
Long Term Debt And Capital Lease Obligation
135.39
-9.75%
150.01
—
Long Term Debt
26.13
-5.66%
27.69
—
Long Term Capital Lease Obligation
109.26
-10.67%
122.32
—
Tradeand Other Payables Non Current
—
—
42.45
Non Current Deferred Liabilities
8.74
—
—
Non Current Deferred Taxes Liabilities
8.74
—
—
Other Non Current Liabilities
91.83
-15.48%
108.65
—
Stockholders Equity
3,470.89
+15.64%
3,001.53
—
Common Stock Equity
3,470.89
+15.64%
3,001.53
—
Capital Stock
0.06
+0.00%
0.06
—
Common Stock
0.06
+0.00%
0.06
—
Share Issued
57.79
+0.20%
57.67
—
Ordinary Shares Number
57.79
+0.23%
57.66
—
Treasury Shares Number
0.00
-100.00%
0.01
-26.32%
0.02
Additional Paid In Capital
1,008.77
+18.96%
847.97
—
Retained Earnings
2,501.11
+11.21%
2,248.95
—
Gains Losses Not Affecting Retained Earnings
-39.04
+59.04%
-95.32
—
Treasury Stock
0.00
-100.00%
0.12
—
Minority Interest
0.58
-60.83%
1.48
—
Other Equity Adjustments
-39.04
+59.04%
-95.32
—
Total Equity Gross Minority Interest
3,471.47
+15.60%
3,003.01
—
Total Capitalization
3,497.02
+15.44%
3,029.22
—
Working Capital
2,446.43
+21.58%
2,012.14
—
Invested Capital
3,497.02
+15.44%
3,029.22
—
Total Debt
171.94
-9.67%
190.36
—
Capital Lease Obligations
145.82
-10.36%
162.67
—
Net Tangible Assets
2,837.31
+18.48%
2,394.81
—
Tangible Book Value
2,837.31
+18.48%
2,394.81
—
Line Of Credit
—
2.86
-82.14%
16.02
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
654.93
+17.13%
559.17
-0.62%
562.63
+21.23%
464.10
Cash Flow From Continuing Operating Activities
654.93
+17.13%
559.17
-0.62%
562.63
+21.23%
464.10
Net Income From Continuing Operations
377.68
-16.91%
454.53
+8.98%
417.08
-0.56%
419.42
Depreciation Amortization Depletion
166.08
+30.67%
127.10
-4.22%
132.70
-5.25%
140.05
Depreciation
166.08
+30.67%
127.10
-4.22%
132.70
-5.25%
140.05
Depreciation And Amortization
166.08
+30.67%
127.10
-4.22%
132.70
-5.25%
140.05
Other Non Cash Items
10.86
+89.59%
5.73
+1056.09%
-0.60
-101.83%
32.81
Stock Based Compensation
176.76
+5.66%
167.30
+13.25%
147.73
+47.86%
99.91
Asset Impairment Charge
1.99
+149.91%
-3.98
-139.59%
10.07
-72.05%
36.01
Deferred Tax
-59.30
+7.63%
-64.19
-72.60%
-37.19
+11.79%
-42.16
Deferred Income Tax
-59.30
+7.63%
-64.19
-72.60%
-37.19
+11.79%
-42.16
Operating Gains Losses
—
—
18.02
+127.96%
7.90
Gain Loss On Investment Securities
—
—
-7.90
-200.00%
7.90
Change In Working Capital
-19.14
+84.97%
-127.31
-1.71%
-125.17
+45.54%
-229.83
Change In Receivables
-69.13
-543.48%
15.59
-51.82%
32.36
+116.79%
-192.71
Change In Prepaid Assets
-14.84
+80.71%
-76.96
-1015.20%
8.41
+169.27%
-12.14
Change In Payables And Accrued Expense
111.08
+517.96%
-26.58
+77.45%
-117.84
-541.51%
26.69
Change In Accrued Expense
144.13
+1250.40%
10.67
+112.61%
-84.61
-425.11%
26.02
Change In Payable
-33.05
+11.29%
-37.25
-12.08%
-33.23
-5090.09%
0.67
Change In Account Payable
-12.68
+56.39%
-29.08
-18985.71%
0.15
+105.25%
-2.93
Change In Other Current Liabilities
-46.25
-17.49%
-39.37
+18.15%
-48.09
+6.92%
-51.67
Investing Cash Flow
-49.05
+94.46%
-884.98
-1225.46%
-66.77
+63.50%
-182.93
Cash Flow From Continuing Investing Activities
-49.05
+94.46%
-884.98
-1225.46%
-66.77
+63.50%
-182.93
Net PPE Purchase And Sale
-42.24
-31.41%
-32.15
-13.13%
-28.41
+65.19%
-81.63
Purchase Of PPE
-42.24
-31.41%
-32.15
-13.13%
-28.41
+65.19%
-81.63
Capital Expenditure
-42.24
-31.41%
-32.15
-13.13%
-28.41
+65.19%
-81.63
Net Investment Purchase And Sale
-0.03
-100.05%
57.01
+1683.67%
-3.60
+94.16%
-61.62
Purchase Of Investment
-3.08
+65.14%
-8.84
+38.88%
-14.46
+76.53%
-61.62
Sale Of Investment
3.05
-95.37%
65.85
+506.10%
10.87
0.00
Net Business Purchase And Sale
-3.43
+99.62%
-912.16
-3575.54%
-24.82
-133.15%
-10.64
Purchase Of Business
-3.43
+99.62%
-912.16
-3575.54%
-24.82
-133.15%
-10.64
Gain Loss On Sale Of Business
0.00
0.00
-100.00%
25.92
0.00
Net Other Investing Changes
-3.34
-244.51%
2.31
+123.27%
-9.94
+65.77%
-29.03
Financing Cash Flow
-651.20
-66.80%
-390.41
-135.51%
-165.77
-8102.52%
-2.02
Cash Flow From Continuing Financing Activities
-651.20
-66.80%
-390.41
-135.51%
-165.77
-8102.52%
-2.02
Net Issuance Payments Of Debt
-2.55
-37.10%
-1.86
+13.39%
-2.14
+84.44%
-13.78
Issuance Of Debt
5.71
+71325.00%
0.01
-99.03%
0.82
-53.20%
1.76
Repayment Of Debt
-8.26
-342.90%
-1.86
+37.18%
-2.97
+80.90%
-15.54
Long Term Debt Issuance
5.71
+71325.00%
0.01
-99.03%
0.82
-53.20%
1.76
Long Term Debt Payments
-8.26
-342.90%
-1.86
+37.18%
-2.97
+80.90%
-15.54
Net Long Term Debt Issuance
-2.55
-37.10%
-1.86
+13.39%
-2.14
+84.44%
-13.78
Net Common Stock Issuance
-662.16
-66.36%
-398.03
-141.34%
-164.92
0.00
Common Stock Payments
-662.16
-66.36%
-398.03
-141.34%
-164.92
0.00
Repurchase Of Capital Stock
-662.16
-66.36%
-398.03
-141.34%
-164.92
0.00
Proceeds From Stock Option Exercised
54.58
+1.58%
53.73
+4.06%
51.64
+1.93%
50.66
Net Other Financing Charges
-41.07
+7.19%
-44.25
+12.09%
-50.34
-29.40%
-38.90
Changes In Cash
-45.31
+93.67%
-716.22
-316.97%
330.09
+18.25%
279.16
Effect Of Exchange Rate Changes
56.30
+254.25%
-36.50
-224.23%
29.38
+165.48%
-44.87
Beginning Cash Position
1,290.39
-36.84%
2,043.11
+21.35%
1,683.64
+16.17%
1,449.35
End Cash Position
1,301.38
+0.85%
1,290.39
-36.84%
2,043.11
+21.35%
1,683.64
Free Cash Flow
612.69
+16.26%
527.02
-1.35%
534.22
+39.67%
382.48
Interest Paid Supplemental Data
1.40
-62.63%
3.74
-20.43%
4.70
+183.18%
1.66
Income Tax Paid Supplemental Data
—
196.39
+10.69%
177.43
+56.75%
113.19
Change In Income Tax Payable
-20.36
-149.36%
-8.17
+75.54%
-33.39
-1027.44%
3.60
Change In Tax Payable
-20.36
-149.36%
-8.17
+75.54%
-33.39
-1027.44%
3.60
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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