EPAM Systems (EPAM) EV to FCF (2012 - 2026)
EPAM Systems' (EPAM) quarterly EV to FCF came in at 187.35 in Q2 2026, down 192.25% year-over-year from 203.09 in Q2 2025, and down 66.33% quarter-over-quarter from 112.64 in Q1 2026.
Analysis
EPAM Systems (EPAM) EV to FCF (2012 - 2026) Analysis & Trends
EPAM Systems (EPAM) has reported EV to FCF for 15 consecutive years, with 187.35 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF fell 192.25% year-over-year to 187.35 in Q2 2026; TTM through Jun 2026 was 6.85, a 68.15% decrease from a year earlier, with the FY2025 full-year figure at 16.03, down 29.64% from the prior year.
- EV to FCF was 187.35 for Q2 2026 at EPAM Systems, down from 112.64 in the prior quarter.
- Over five years, EV to FCF peaked at 565.47 in Q1 2025 and troughed at 208.61 in Q1 2022.
- A 5-year average of 93.43 and a median of 98.86 in 2022 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF soared 399.14% in 2025 and slumped 192.25% in 2026, its largest moves.
- Over 5 years, EV to FCF stood at 104.24 in 2022, then dropped by 10.32% to 93.48 in 2023, then increased by 12.18% to 104.87 in 2024, then slumped by 65.06% to 36.64 in 2025, then sank by 611.29% to 187.35 in 2026.
- The last three EV to FCF figures came in at 187.35 (Q2 2026), 112.64 (Q1 2026), and 36.64 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 47.37 Bn | 47.42 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 28.16 Bn | 27.11 Bn | 1.83 Bn |
| 3 | Cgi | 14.44 Bn | 13.86 Bn | - |
| 4 | EPAM Systems | 6.04 Bn | 5.25 Bn | 429.57 Mn |
| 5 | ExlService Holdings | 5.56 Bn | 5.27 Bn | 225.96 Mn |
| 6 | Science Applications International | 5.32 Bn | 5.20 Bn | 239.00 Mn |
| 7 | Kyndryl Holdings | 2.86 Bn | 850.31 Mn | 776.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn |
| 9 | Innodata | 1.91 Bn | 1.66 Bn | 42.46 Mn |
| 10 | DXC Technology | 1.86 Bn | 135.62 Mn | 611.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -187.35 |
| Mar 31, 2026 | -112.64 |
| Dec 31, 2025 | 36.64 |
| Sep 30, 2025 | 24.75 |
| Jun 30, 2025 | 203.09 |
| Mar 31, 2025 | 565.47 |
| Dec 31, 2024 | 104.87 |
| Sep 30, 2024 | 38.94 |
| Jun 30, 2024 | 169.36 |
| Mar 31, 2024 | 113.29 |
| Dec 31, 2023 | 93.48 |
| Sep 30, 2023 | 60.68 |
| Jun 30, 2023 | 136.03 |
| Mar 31, 2023 | 195.01 |
| Dec 31, 2022 | 104.24 |
| Sep 30, 2022 | 82.51 |
| Jun 30, 2022 | 262.02 |
| Mar 31, 2022 | -208.61 |
| Dec 31, 2021 | 160.37 |
| Sep 30, 2021 | 168.08 |