What are EPAM Systems's profit margins?

EPAM Systems (EPAM) runs a 29.0% gross margin and a 9.7% operating margin, with a 7.0% net margin.

Where do EPAM Systems's ratios come from?

Every ratio is computed from EPAM Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

EPAM Systems EPAM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	29%+0.2pp	28.8%-0.1pp	28.9%-1.1pp	30%-0.2pp	30.2%-0.5pp
Operating margin	9.7%+0.1pp	9.5%0.0pp	9.6%-1.1pp	10.6%-0.3pp	11%-0.6pp
Net margin	7%0.0pp	6.9%-0.1pp	7%-0.9pp	7.9%-0.6pp	8.5%-1.1pp
Returns
Return on equity	10.9%+0.6pp	10.3%+0.1pp	10.2%-1.1pp	11.4%-0.2pp	11.6%-1.2pp
Return on invested capital	14.7%-0.7pp	15.5%-2.0pp	17.5%+0.1pp	17.4%-1.1pp	18.5%-2.2pp
Efficiency
Asset turnover	1.2×0.0×	1.1×0.0×	1.1×0.0×	1.1×+0.1×	1.1×0.0×
Liquidity
Current ratio	2.7×+0.1×	2.6×-0.4×	3×-0.1×	3.2×+0.1×	3.1×+0.1×
Leverage
Debt-to-equity	0.1×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-1.1×+0.7×	-1.8×-0.1×	-1.7×-0.4×	-1.4×+0.3×	-1.6×+0.2×
Per Share
Book value per share	$63.32-3.2%	$65.39-2.0%	$66.76+2.9%	$64.88+2.0%	$63.61+1.6%
Valuation
Market capitalization	$7.33B-35.2%	$11.32B+34.8%	$8.4B-14.2%	$9.79B+1.9%	$9.6B-27.6%
Price / earnings	19×-11.0×	30×+7.4×	22.6×-1.8×	24.4×+1.1×	23.3×-5.9×
Price / sales	1.3×-0.8×	2.1×+0.5×	1.6×-0.3×	1.9×0.0×	2×-0.8×
Price / book	2.1×-0.9×	3.1×+0.8×	2.3×-0.4×	2.7×0.0×	2.6×-1.0×
EV / EBITDA	9.9×-5.8×	15.8×+4.1×	11.6×-2.1×	13.7×+0.2×	13.6×-5.6×

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Questions, answered.

What are EPAM Systems's profit margins?: EPAM Systems (EPAM) runs a 29.0% gross margin and a 9.7% operating margin, with a 7.0% net margin.
Where do EPAM Systems's ratios come from?: Every ratio is computed from EPAM Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.