# EPAM SYSTEMS, INC. (EPAM) — Stock CV

Epam Systems, Inc. is a $5.84B technology company. Revenue grew 10.8% over the last year, it keeps 7¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 14.5× earnings — near the lowest of its own history.

> EPAM Systems is a global IT services firm with a focus on platform engineering, software development, and consulting services. The company used to host large engineer bases in Ukraine, Belarus, and Russia, but it now delivers from various locations across different continents.

## Identity

- **Ticker**: EPAM
- **Sector**: Technology
- **Industry**: Services-Computer Programming Services
- **Headquarters**: NEWTOWN, PA
- **Employees**: 62 850
- **Website**: https://www.epam.com
- **Market cap**: $5.84B
- **Last price**: $113.24
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $5.62B
- **Net income**: $402M
- **Free cash flow**: $483M
- **Net cash**: $1.27B
- **P/E**: 14.5
- **Revenue growth (YoY)**: 10.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 100 |
| Growth | 43 |
| Profitability | 57 |
| Health | 75 |
| Quality | 90 |
| Moat | 81 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +10.8% YoY
- [x] Profitable — $402M TTM
- [ ] Profit growing — -1.8% YoY
- [x] Generates cash — $483M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $5.84B market cap
- [x] Not printing shares — -3.8% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Valuation not extreme — P/E 14.5

## Experience (career milestones)

- **Q2 2026** — 4 open-market insider purchases: ~312 shares bought by insiders
- **FY2021** — Best year on record: $482M net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.16B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- Revenue growing 10.8% year over year
- Net cash position after subtracting debt from cash
- Interest covered 29.3× by operating earnings
- High returns on invested capital (ROIC 15.7%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.76B | $482M | $461M |
| FY2022 | $4.82B | $419M | $382M |
| FY2023 | $4.69B | $417M | $534M |
| FY2024 | $4.73B | $455M | $527M |
| FY2025 | $5.46B | $378M | $613M |

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Source: https://stockcv.com/EPAM — derived from company filings; may be delayed or incomplete. Information, not investment advice.