What is EPAM Systems's cash ratio?

EPAM Systems (EPAM) reported cash ratio of 1.2× in Q1 2026.

How has EPAM Systems's cash ratio changed year-over-year?

EPAM Systems's cash ratio decreased by 21.1% year-over-year, from 1.5× to 1.2×.

What is the long-term trend for EPAM Systems's cash ratio?

Over 5 years (2020 to 2025), EPAM Systems's cash ratio has grown at a -14.1% compound annual growth rate (CAGR), from 2.8× to 1.3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

EPAM Systems EPAM Cash ratio

Cash ratio at other companies

CognizantCTSH

0.4×-0.2×

AccentureACN

0.5×0.0×

Insight EnterprisesNSIT

0.1×0.0×

PegasystemsPEGA

0.4×0.0×

AdobeADBE

0.4×-0.1×

International Business MachinesIBM

0.3×0.0×

Other financials

Income statement

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Revenue$1.4B+7.6%

Gross profit$388.0M+11.0%

Operating income$116.8M+17.6%

Net income$82.5M+12.3%

EPS (diluted)$1.52+18.8%

Balance sheet

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Cash & equivalents$1.0B-11.5%

Total debt$287.9M+82.1%

Total equity$3.4B-5.8%

Total assets$4.7B-0.4%

Cash flow

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Operating cash flow-$36.4M-250%

CapEx$17.9M+91.4%

Free cash flow-$54.2M-466%

Valuation

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Market cap$4.02B-23.7%

Profitability

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Gross margin29%-1.2pp

Operating margin9.7%-1.3pp

Net margin7%-1.5pp

FCF margin9.8%+1.2pp

Returns & leverage

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Return on equity10.9%-0.6pp

Debt / equity0.1×0.0×

Current ratio2.7×-0.4×

Where this comes from

Calculated from EPAM Systems’s reported figures.

cash and equivalents/total current liabilities=1.2×

Based on the most recent quarter.

The official record: EPAM Systems’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is EPAM Systems's cash ratio?: EPAM Systems (EPAM) reported cash ratio of 1.2× in Q1 2026.
How has EPAM Systems's cash ratio changed year-over-year?: EPAM Systems's cash ratio decreased by 21.1% year-over-year, from 1.5× to 1.2×.
What is the long-term trend for EPAM Systems's cash ratio?: Over 5 years (2020 to 2025), EPAM Systems's cash ratio has grown at a -14.1% compound annual growth rate (CAGR), from 2.8× to 1.3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.