EPAM Systems, Inc.
NYSE: EPAM
Stock price
122.47 USD
(-71.05%) 5 years
Financial Performance
5Y price score: (109)
against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index,
while a score above 100 means it outperformed the S&P 500.
10Y return: 66.2%
US$ Per
Share
Earnings per share
Free cash flow per share
Stock price
By default your notes are visible only to you.
121.8
52-week range
222.5
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Valuation
Free Cash Flow Yield
9 %
Dividend Yield TTM
-
Market cap $
$ 6,630.5
Price / Earnings TTM
18.2
Price / Book TTM
1.8
PEG TTM
(1.3)
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
(16.3) %
(71.1) %
66.2 %
Free cash flow per share growth
19.9 %
33.9 %
869.4 %
Earnings per share growth
(14.3) %
20 %
314.8 %
Founded: 1,993
Employees: 53,150
Business Summary:
all figures in USD Millions except per share data
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Latest Earnings Call Takeaways
2025 Q4 (Feb 19, 2026)
1) Strategic Focus on AI Native Services
- EPAM is positioning itself to capitalize on the growing demand for AI-native services, expecting to scale these revenues to over $600 million in 2026.
- The company is transitioning to develop more verticalized AI-native business offerings and consultancies, enhancing its ability to deliver comprehensive solutions to clients.
- EPAM's internal AI-native engineering transformation is nearing completion, allowing for a shift towards building AI-native businesses for clients.
2) Strong Financial Performance
- Q4 2025 revenues reached over $1.4 billion, a 12.8% YoY increase, with organic constant currency growth of 5.6%.
- Five out of six industry verticals experienced YoY growth; financial services grew 19.8%, and emerging verticals grew 19.1%.
- Non-GAAP diluted EPS increased by 14.8% YoY to $3.26, while GAAP diluted EPS was $1.98.
3) Operational Challenges and Headwinds
- The largest client of NEORIS is expected to negatively impact EPAM's growth in 2026, contributing a 1% decline to organic constant currency growth.
- Decision-making processes are elongating as clients embark on larger AI transformation programs, which may slow initial revenue growth but could lead to larger contracts.
- Utilization rates decreased slightly to 75.4%, impacted by higher vacation levels and the introduction of junior staff.
4) Guidance and Outlook for 2026
- EPAM expects revenue growth for 2026 to be between 4.5% to 7.5%, with organic constant currency growth projected at 3% to 6%.
- GAAP diluted EPS is forecasted to be between $7.95 to $8.25, while non-GAAP diluted EPS is expected to range from $12.60 to $12.90.
- The company anticipates continued strong demand for AI-native services, with client budgets expected to remain stable compared to 2025.
5) Investor Considerations
- The earnings call highlighted a robust pipeline and client sentiment, but also acknowledged the impact of macroeconomic factors on decision-making.
- There is a focus on share repurchases, with approximately 3.5 million shares bought back in 2025, and plans for continued buybacks in 2026.
- The call lacked specific details on the impact of fixed-price contracts on free cash flow and the overall implications for future profitability.
Bottom line: EPAM is well-positioned for growth in the AI-native services sector, with strong financial performance in 2025. However, headwinds from specific client dynamics and elongated decision-making processes may temper growth expectations for 2026. Investors should monitor the company's ability to navigate these challenges while capitalizing on its strategic focus on AI.
EPAM Systems, Inc. — Financial Overview, Stock Price, Market Cap
EPAM Systems, Inc. is a company. Founded in 1993. As of April 13, 2026, the company's market capitalization is $6630525800 with a current stock price of $122.47.