EPAM Systems, Inc.
EPAM · Price history
Price at last available close
$136.23
+$29.09 (+27.15%) 1M
2026-10-28
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Company & revenue
About EPAM Systems, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
EPAM Systems, Inc. is a leading global provider of comprehensive digital platform engineering and software development solutions. The company's extensive service portfolio includes: Engineering Services: From initial requirements analysis and strategic platform selection to tailored customization, seamless cross-platform migration, and robust implementation and integration of new systems. Infrastructure Management: Covering the full lifecycle of software development, rigorous testing, and ongoing maintenance across private, public, and mobile infrastructures.
How they make money
EPAM generates revenue primarily through professional services contracts, including time-and-materials and fixed-price arrangements. The company provides digital engineering, cloud, and AI-enabled transformation services, leveraging a global delivery model to help clients modernize their technology stacks and integrate complex software systems.
Products & services
Digital engineering, software product development, cloud and AI-enabled transformation, business and experience consulting, and infrastructure management services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer concentration
The top five clients accounted for 13.7% of total revenues for the year ended December 31, 2025.
Suppliers, materials & equipment
- Cloud Service Providers — Third-party cloud infrastructure and platform providers used to host and deliver client solutions.Source
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
78
Strong
Financial Strength
75
Business Quality / Moat
83
Management
100
Growth Quality
34
Risk / Durability
98
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
51
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
55/100
Building Historical Record
Model Score 55/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Balance-sheet / debt profile scores strongly
- •Recent buyback activity is present
- •Repurchase headline · Aug 31, 2026
- •M&A headline · Aug 25, 2026
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for EPAM
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can EPAM maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is EPAM's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is EPAM likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
Essential Investment Snapshot
Wall Street Score
55
Opportunity Score
51
Market Cap
$7.03B
P/E Ratio
14.6
EPS
$7.41
52-Week High
$222.53
52-Week Low
$73.06
Beta
1.38
Intrinsic Value
$125.09
Analyst Target
$115.00
Shares Outstanding
56.2M
Total Revenue
$5.62B
Total Debt
$152.2M
Dividend
No current dividend
Liquidation Value / Share
$62.58
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong upward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for EPAM
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Repurchase headline · Aug 31, 2026
Engine Capital Sends Letter to EPAM Systems's Board of Directors Highlighting Company's Undervaluation and Urging the Initiation of a $750 Million Accelerated Share Repurchase Program — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Aug 25, 2026
6,637,475 Shares in EPAM Systems, Inc. $EPAM Acquired by BlackRock Inc. — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on EPAM.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Deep engineering expertise and AI-native transformation capabilities.
- +Global delivery model with scalable software solutions.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Information Technology Services industry.
- −Geopolitical instability and regional conflicts impacting operations.
- −Dependence on a limited number of large clients.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
7 historical score records availablePrevious Score
53
Sep 21, 2026
Change
+2.4
points
Current Score
55
Oct 1, 2026
Category Changes
EPAM increased 2.4 points because Capital improved by 2 points, Valuation improved by 12.3 points.
Positive Contributors
- + Capital improved by 2 points
- + Valuation improved by 12.3 points
Projected Score
Projected Score
55
Projected Change
-0.6 points
Preliminary comparable-period financial changes suggest decline of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Near Fair ValueCurrent Price
$136.23
Model Intrinsic Value
$125.09
Difference
+$11.14
+8.9% vs IV
Margin of Safety
-8.9%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.62B | $5.46B | $4.73B | $4.69B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $4.03B | $4.01B | $3.28B | $3.26B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $1.59B | $1.45B | $1.45B | $1.43B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $952.0M | $928.7M | $816.3M | $815.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $1.01B | $927.5M | $905.9M | $932.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $684.8M | $630.4M | $711.5M | $659.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $576.1M | $521.2M | $544.6M | $501.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $548.6M | $505.6M | $584.4M | $536.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $147.0M | $127.9M | $129.9M | $119.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $401.7M | $377.7M | $454.5M | $417.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $7.41 | $6.76 | $7.93 | $7.21 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 52.27M | 55.89M | 57.29M | 57.83M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 52.27M | 56.23M | 57.98M | 59.09M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.41B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.97
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-6.4%
Cash Change
-24.2%
Margin Change
+0.8 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels, net income margin. Pressure indicators included cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 4.5%. EPS increased 26.3%. Cash declined 24.2%. Total debt declined 6.4%. Net income margin improved by 0.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
7 historical recordsHistorical Score Chart
3 of 7 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Information Technology ServicesNews
EPAM Systems: Strong Buybacks And A Low Valuation Offer Upside
Here's Why Epam (EPAM) is a Strong Value Stock
EPAM Systems (NYSE:EPAM) Shares Gap Up – What’s Next?
EPAM Announces Date for Third Quarter Earnings Release and Conference Call
Rumor Mill · EPAM
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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