Is EPAM a good stock to buy right now?

Based on our 6-factor quantitative model, EPAM Systems, Inc. (EPAM) receives a "Reduce" rating with a composite score of 44.8/100. It is ranked #2,408 out of 4,446 stocks. Key factor scores: Quality 50/100, Value 67/100, Momentum 27/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for EPAM?

EPAM Systems, Inc. (EPAM) has a "Reduce" rating and 2-star score. The composite score of 44.8 ranks it #2,408 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is EPAM in?

EPAM Systems, Inc. operates in the Technology sector (Computer Software industry) with a market cap of $7.32 billion. It is classified as a mid-cap stock.

Does EPAM pay a dividend?

EPAM does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is EPAM's P/E ratio?

EPAM has a trailing P/E ratio of 17.50x. The Technology sector average is 45.3x. This P/E is in a moderate range relative to the broader market.

How profitable is EPAM?

EPAM's quality factor score is 50/100. Gross margin: 29.9%. ROE: 11.0% vs sector average -1.4%. Margins are moderate to low, reflecting competitive market dynamics.

How is EPAM valued compared to peers?

EPAM's value factor score is 67/100 (higher = cheaper). Key multiples: P/E 17.5x, EV/EBITDA 10.7x. The stock appears attractively valued versus peers.

What is EPAM's debt level?

EPAM's debt-to-equity ratio is 33%. Sector average: 43%. Low leverage suggests conservative financial management.

EPAM has a beta of 1.24, meaning it amplifies market moves. Stability score: 52/100.

Does EPAM have high short interest?

EPAM's short interest factor score is 53/100 (higher = less short selling). Moderate short interest.

EPAM Stock Analysis: Top Mid-Cap Reduce (Score 44.8/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
EPAM	-1.11%	-11.25%	-13.86%	-40.22%	-16.28%	-	-	-
Industry Proxy XLK	+0.39%	+4.88%	+2.05%	-0.94%	-26.62%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-1.05%	-14.85%	-14.20%	-39.86%	-45.81%	-	-	-
Alpha vs Sector	-1.50%	-16.12%	-15.91%	-39.29%	+10.34%	-	-	-

Metric	EPAM	Benchmark
P/E Ratio	17.5x	-61%
EV/EBITDA	10.7x	-16%
Price / Book	1.9x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
VRSN VERISIGN INC/CA	56	79	59	40	30.3x	-41.1%	88.0%	50.6%	8.3%	-87.0x	$23.0B	VS
IHS IHS Holding Ltd	55	42	63	63	-	-616.0%	48.0%	-96.1%	-	365.0x	$2.8B	VS
LHX L3HARRIS TECHNOLOGIES, INC. /DE/	55	50	52	66	38.3x	9.0%	25.5%	8.1%	10.3%	110.0x	$66.1B	VS
ESP ESPEY MFG & ELECTRONICS CORP	53	48	44	71	26.3x	12.8%	29.0%	17.1%	-11.7%	66.0x	$169M	VS
NYAX Nayax Ltd.	52	38	46	78	-	-13.6%	44.6%	-1.8%	-	30.0x	$2.2B	VS
ESE ESCO TECHNOLOGIES INC	52	49	40	69	69.6x	7.4%	40.8%	10.4%	16.3%	9.0x	$7.6B	VS
INTT INTEST CORP	52	50	32	72	-	-3.2%	43.1%	-3.1%	-22.8%	46.0x	$179M	VS
KARO Karooooo Ltd.	49	50	72	53	-	117.1%	69.5%	20.3%	-	10.0x	$1.6B	VS
MTC MMTec, Inc.	47	32	40	96	-	-1,370.8%	81.6%	-4,879.7%	-	120.0x	$136M	VS
CCLD CareCloud, Inc.	47	38	71	60	11.9x	18.5%	48.0%	9.6%	10.6%	47.0x	$154M	VS
EPAM EPAM Systems, Inc.	45	50	67	27	17.5x	11.0%	29.9%	7.9%	21.6%	33.0x	$7.3B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.4%	0.4%	0.4%	0.4%
Operating Margin %	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
EBITDA Margin %	0.1%	0.1%	0.2%	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.1%	0.1%
Net Margin %	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
FCF Margin %	-16.9%	-	11.1%	-	-	-	17.9%	8.2%	13.8%	11.2%	11.7%
ROE %	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.1%	0.1%
ROA %	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
ROIC %	17.6%	11.2%	18.2%	11.4%	15.1%	17.2%	43.7%	34.9%	37.5%	32.7%	23.8%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.3%

0.4%

Operating Margin %

0.1%

EBITDA Margin %

0.1%

0.2%

0.1%

0.2%

0.1%

Net Margin %

0.1%

FCF Margin %

-16.9%

11.1%

17.9%

8.2%

13.8%

11.2%

11.7%

ROE %

0.1%

0.2%

0.1%

ROA %

0.1%

ROIC %

17.6%

11.2%

18.2%

11.4%

15.1%

17.2%

43.7%

34.9%

37.5%

32.7%

23.8%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$5.2B	$5.5B	$4.7B	$4.7B	$4.8B	$3.8B	$2.7B	$2.3B	$1.8B	$1.5B	$1.2B	$914M
	—	$3.9B	—	$3.3B	$3.3B	$2.5B	—	—	—	—	—	—
	$1.6B	$1.6B	$1.5B	$1.4B	$1.5B	$1.3B	$927M	$806M	$656M	$529M	$423M	$347M
Gross Margin	29.9%	28.8%	30.7%	30.6%	31.9%	33.9%	34.8%	35.1%	35.6%	36.5%	36.5%	38.0%
	—	$929M	—	$815M	$873M	$649M	—	—	—	—	—	—
Depreciation	—	$125M	$127M	$92M	$92M	$83M	$129M	$101M	$37M	$29M	$23M	$17M
Total Operating Expenses	—	$1.1B	—	$933M	$965M	$732M	—	—	—	—	—	—
	$548M	$520M	$545M	$501M	$573M	$542M	$379M	$303M	$246M	$173M	$134M	$106M
EBIT	$548M	$520M	$545M	$501M	$573M	$542M	$379M	$303M	$246M	$173M	$134M	$106M
EBITDA	$661M	$645M	$712M	$593M	$665M	$626M	$508M	$401M	$286M	$203M	$145M	$119M
Operating Margin	10.6%	9.5%	11.5%	10.7%	11.9%	14.4%	14.3%	13.2%	13.3%	11.9%	11.5%	11.6%
EBITDA Margin	12.7%	11.8%	15.0%	12.6%	13.8%	16.6%	19.1%	17.5%	15.5%	14.0%	12.5%	13.0%
	—	$506M	—	$537M	$507M	$533M	—	—	—	—	—	—
Income Tax Expense	—	$128M	$130M	$120M	$88M	$52M	$51M	$38M	$10M	$102M	$27M	$22M
	$405M	$378M	$455M	$417M	$419M	$482M	$327M	$261M	$240M	$73M	$99M	$84M
Net Margin	7.9%	6.9%	9.6%	8.9%	8.7%	12.8%	12.3%	11.4%	13.0%	5.0%	8.6%	9.2%
	$6.76	$6.76	$7.93	$7.21	$7.32	$8.52	$5.87	$4.77	$4.48	$1.40	$1.97	$1.73
Diluted EPS	$6.76	$6.72	$7.93	$7.06	$7.09	$8.15	$5.87	$4.77	$4.48	$1.40	$1.97	$1.73
Weighted Avg Basic	—	56M	—	58M	57M	57M	—	—	—	—	—	—
Weighted Avg Diluted	—	56M	—	59M	59M	59M	—	—	—	—	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$5.2B

$5.5B

$4.7B

$4.8B

$3.8B

$2.7B

$2.3B

$1.8B

$1.5B

$1.2B

$914M

—

$3.9B

—

$3.3B

$2.5B

—

$1.6B

$1.5B

$1.4B

$1.5B

$1.3B

$927M

$806M

$656M

$529M

$423M

$347M

Gross Margin

29.9%

28.8%

30.7%

30.6%

31.9%

33.9%

34.8%

35.1%

35.6%

36.5%

38.0%

—

$929M

—

$815M

$873M

$649M

—

Depreciation

—

$125M

$127M

$92M

$83M

$129M

$101M

$37M

$29M

$23M

$17M

Total Operating Expenses

—

$1.1B

—

$933M

$965M

$732M

—

$548M

$520M

$545M

$501M

$573M

$542M

$379M

$303M

$246M

$173M

$134M

$106M

EBIT

$548M

$520M

$545M

$501M

$573M

$542M

$379M

$303M

$246M

$173M

$134M

$106M

EBITDA

$661M

$645M

$712M

$593M

$665M

$626M

$508M

$401M

$286M

$203M

$145M

$119M

Operating Margin

10.6%

9.5%

11.5%

10.7%

11.9%

14.4%

14.3%

13.2%

13.3%

11.9%

11.5%

11.6%

EBITDA Margin

12.7%

11.8%

15.0%

12.6%

13.8%

16.6%

19.1%

17.5%

15.5%

14.0%

12.5%

13.0%

—

$506M

—

$537M

$507M

$533M

—

Income Tax Expense

—

$128M

$130M

$120M

$88M

$52M

$51M

$38M

$10M

$102M

$27M

$22M

$405M

$378M

$455M

$417M

$419M

$482M

$327M

$261M

$240M

$73M

$99M

$84M

Net Margin

7.9%

6.9%

9.6%

8.9%

8.7%

12.8%

12.3%

11.4%

13.0%

5.0%

8.6%

9.2%

$6.76

$7.93

$7.21

$7.32

$8.52

$5.87

$4.77

$4.48

$1.40

$1.97

$1.73

Diluted EPS

$6.76

$6.72

$7.93

$7.06

$7.09

$8.15

$5.87

$4.77

$4.48

$1.40

$1.97

$1.73

Weighted Avg Basic

—

56M

—

58M

57M

—

Weighted Avg Diluted

—

56M

—

59M

—

EPAM Systems, Inc. (EPAM) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does EPAM Systems, Inc. Do?

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers' business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania. EPAM Systems, Inc. (EPAM) is classified as a mid-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Arkadiy Dobkin and employs approximately 59,300 people, headquartered in Newtown Township, Pennsylvania. With a market capitalization of $7.3B, EPAM is one of the notable companies in the Technology sector.

EPAM Systems, Inc. (EPAM) Stock Rating — Reduce (April 2026)

As of April 2026, EPAM Systems, Inc. receives a Reduce rating with a composite score of 44.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.EPAM ranks #2,408 out of 4,446 stocks in our coverage universe. Within the Technology sector, EPAM Systems, Inc. ranks #261 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

EPAM Stock Price and 52-Week Range

EPAM Systems, Inc. (EPAM) currently trades at $122.47. The stock lost $1.38 (1.1%) in the most recent trading session. The 52-week high for EPAM is $222.53, which means the stock is currently trading -45.0% from its annual peak. The 52-week low is $125.57, putting the stock -2.5% above its annual trough. Recent trading volume was 1.5M shares, reflecting moderate market activity.

Is EPAM Overvalued or Undervalued? — Valuation Analysis

EPAM Systems, Inc. (EPAM) carries a value factor score of 67/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 17.50x, compared to the Technology sector average of 45.27x — a discount of 61%. The price-to-book ratio stands at 1.93x, versus the sector average of 3.16x. The price-to-sales ratio is 1.36x, compared to 1.06x for the average Technology stock. On an enterprise value basis, EPAM trades at 10.70x EV/EBITDA, versus 12.79x for the sector.

Overall, EPAM's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

EPAM Systems, Inc. Profitability — ROE, Margins, and Quality Score

EPAM Systems, Inc. (EPAM) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 11.0%, compared to the Technology sector average of -1.4%, which is within a healthy range. Return on assets (ROA) comes in at 8.3% versus the sector average of -1.0%.

On a margin basis, EPAM Systems, Inc. reports gross margins of 29.9%, compared to 50.9% for the sector. The operating margin is 10.6% (sector: -0.5%). Net profit margin stands at 7.9%, versus -1.5% for the average Technology stock. Revenue growth is running at 21.6% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

EPAM Debt, Balance Sheet, and Financial Health

EPAM Systems, Inc. has a debt-to-equity ratio of 33.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.59x, indicating strong short-term liquidity. Total debt on the balance sheet is $25M. Cash and equivalents stand at $1.24B.

EPAM has a beta of 1.24, meaning it is more volatile than the broader market — a $10,000 investment in EPAM would be expected to move 23.6% more than the S&P 500 on any given day. The stability factor score for EPAM Systems, Inc. is 52/100, reflecting average volatility within the normal range for its sector.

EPAM Systems, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, EPAM Systems, Inc. reported revenue of $5.22B and earnings per share (EPS) of $6.76. Net income for the quarter was $405M. Gross margin was 29.9%. Operating income came in at $548M.

In FY 2025, EPAM Systems, Inc. reported revenue of $5.46B and earnings per share (EPS) of $6.76. Net income for the quarter was $378M. Gross margin was 28.8%. Revenue grew 15.4% year-over-year compared to FY 2024. Operating income came in at $520M.

In Q3 2025, EPAM Systems, Inc. reported revenue of $1.39B and earnings per share (EPS) of $1.92. Net income for the quarter was $107M. Gross margin was 29.5%. Revenue grew 19.4% year-over-year compared to Q3 2024. Operating income came in at $145M.

In Q2 2025, EPAM Systems, Inc. reported revenue of $1.35B and earnings per share (EPS) of $1.56. Net income for the quarter was $88M. Gross margin was 28.8%. Revenue grew 18.0% year-over-year compared to Q2 2024. Operating income came in at $126M.

Over the past 8 quarters, EPAM Systems, Inc. has demonstrated a growth trajectory, with revenue expanding from $1.15B to $5.22B. Investors analyzing EPAM stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

EPAM Dividend Yield and Income Analysis

EPAM Systems, Inc. (EPAM) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

EPAM Momentum and Technical Analysis Profile

EPAM Systems, Inc. (EPAM) has a momentum factor score of 27/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 26/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 53/100 reflects moderate short selling activity.

EPAM vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, EPAM Systems, Inc. (EPAM) ranks #261 out of 584 stocks based on the Blank Capital composite score. This places EPAM in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing EPAM against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full EPAM vs S&P 500 (SPY) comparison to assess how EPAM Systems, Inc. stacks up against the broader market across all factor dimensions.

EPAM Next Earnings Date

No upcoming earnings date has been announced for EPAM Systems, Inc. (EPAM) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy EPAM? — Investment Thesis Summary

The quantitative profile for EPAM Systems, Inc. suggests caution. The value score of 67/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 27/100, a headwind for near-term performance.

In summary, EPAM Systems, Inc. (EPAM) earns a Reduce rating with a composite score of 44.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on EPAM stock.

Related Resources for EPAM Investors

Explore more research and tools: EPAM vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare EPAM head-to-head with peers: EPAM vs IHS, EPAM vs VRSN, EPAM vs ESE.

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EPAM Systems, Inc. (EPAM) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does EPAM Systems, Inc. Do?

EPAM Systems, Inc. (EPAM) Stock Rating — Reduce (April 2026)

EPAM Stock Price and 52-Week Range

Is EPAM Overvalued or Undervalued? — Valuation Analysis

EPAM Systems, Inc. Profitability — ROE, Margins, and Quality Score

EPAM Debt, Balance Sheet, and Financial Health

EPAM Systems, Inc. Revenue and Earnings History — Quarterly Trend

EPAM Dividend Yield and Income Analysis

EPAM Momentum and Technical Analysis Profile

EPAM vs Competitors — Technology Sector Ranking and Peer Comparison

EPAM Next Earnings Date

Should You Buy EPAM? — Investment Thesis Summary

Related Resources for EPAM Investors

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Intelligence Feed

EPAM (EPAM): Buy, Sell, or Hold Post Q4 Earnings?

Epam (EPAM) is a Top-Ranked Growth Stock: Should You Buy?

Citigroup Maintains Neutral on EPAM Systems, Lowers Price Target to $145

EPAM Announces Date for First Quarter Earnings Release and Conference Call

EPAM Special Meeting Dispute Meets Valuation Gap For Long Term Holders