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EPAM Systems EPAM Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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GriffonGFF
5.9%-9.9pp
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Benchmark ElectronicsBHE
3.8%-1.7pp
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GRAIL, Inc.GRAL
-22.6%
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Power IntegrationsPOWI
1.5%-1.0pp
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SSR MiningSSRM
18.7%
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RepligenRGEN
0.3%-6.3pp

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.

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 invested capital?
EPAM Systems (EPAM) reported invested capital of $2.68B in Q1 2026.
How has EPAM Systems's invested capital changed year-over-year?
EPAM Systems's invested capital increased by 2.1% year-over-year, from $2.62B to $2.68B.
What is the long-term trend for EPAM Systems's invested capital?
Over 5 years (2020 to 2025), EPAM Systems's invested capital has grown at a 22.2% compound annual growth rate (CAGR), from $925.89M to $2.52B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).