EPAM Systems, Inc. (EPAM) Stock

EPAM Systems, Inc. (EPAM) is a Technology stock trading at $110.37 (as of 2026-08-21), with a market capitalization of $5.69B and a trailing P/E of 15.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

EPAM Systems, Inc. delivers software and digital platform engineering and related services, including requirements analysis, customization and migration, implementation and integration, and infrastructure management covering development, testing, and maintenance across application and systems operations. It also provides optimization and advisory consulting services for organizations worldwide.

Understand EPAM Systems, Inc.: how it makes money

EPAM provides digital platform engineering and software development services, including requirements analysis, customization, migration, integration, infrastructure management, and maintenance and support, and it makes money by delivering these services to clients worldwide using its delivery workforce.

In a services business like EPAM, profitability is driven by how effectively it turns its delivery organization into billable work, which is reflected by the Utilization Rate together with the size and growth of Delivery Professionals Headcount.

Business quality (Mixed): The company reports clear operating staffing and delivery signals (utilization, delivery headcount, net adds) alongside measurable AI-related revenue and cash collection (Days Sales Outstanding), which helps investors connect execution to financial outcomes, with the main risk being any decline in delivery capacity or demand.

Valuation: Trades at 11× trailing earnings · $4B market cap.

Bull case

  • Utilization at 77%: Stronger utilization supports revenue generation from the delivery organization.
  • AI native revenues of USD_B 0.12: AI is already contributing a measurable portion of revenue, suggesting growing demand for AI-related work.
  • Net Delivery Professionals Added of 300: The delivery workforce is expanding, which can help sustain delivery capacity if demand holds.

Bear case

  • Demand and staffing are linked to execution: As a delivery services model, lower utilization would directly weaken the companys ability to convert its workforce into revenue.
  • Days Sales Outstanding of 76: Longer collection cycles can pressure cash flow timing and may reflect changes in client payment behavior.
Valuation — source: SEC EDGAR (first-party)
Price$110.37
Market Cap$5.69B
P/E Ratio15.2
EV / EBITDA7.5
Price / Book1.62
Price / Sales1.02
FCF Yield2.9%
DCF Value (model)$123.01
DCF Upside vs Price11.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.46B
Net Margin6.9%
Revenue Growth (YoY)15.4%
EPS Growth (YoY)-14.8%
FCF Growth (YoY)16.3%
Financial Health — source: SEC EDGAR
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E15.2
Sector P/E (Technology)33.9
Industry P/E (Business Services)29.9
vs Sector-55.1%
vs Industry-49.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.43B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOBalazs Fejes
Employees61,200
CountryUS
IPO Date2012-02-08

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EPAM earnings history · EPAM institutional & insider holders · EPAM KPIs & operating metrics · EPAM financials · EPAM investor presentations & press releases · EPAM SEC filings · EPAM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.