EPAM Systems (EPAM) Return on Invested Capital [ROIC] (2016 - 2026)
EPAM Systems (EPAM) reported Return on Invested Capital [ROIC] of 11.55% for Q2 2026, up 0.77 percentage points from 10.78% a year earlier and up 0.84 percentage points from the prior quarter.
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Analysis
EPAM Systems (EPAM) Return on Invested Capital [ROIC] (2016 - 2026) Analysis & Trends
For FY2025, EPAM Systems posted Return on Invested Capital [ROIC] of 10.56%, down 1.29 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined for four consecutive years, with a five-year change of -7.51 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 11.84% in FY2024 (-0.09 pp), 11.93% in FY2023 (-5.06 pp), 16.99% in FY2022 (-4.53 pp) and 21.53% in FY2021 (+3.46 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q4 2024.
- Year over year, Return on Invested Capital [ROIC] gained in three of the last eight quarters, with an average year-over-year change of -0.45 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q4 2021 (a gain of 3.12 percentage points); the low point was Q3 2023 (a drop of 5.27 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 10.71% (Q1 2026), 10.42% (Q4 2025) and 10.15% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.69 Bn | 44.75 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 26.45 Bn | 19.61 Bn | 1.83 Bn | 13.74% |
| 3 | Td Synnex | 22.21 Bn | 16.36 Bn | 1.43 Bn | 11.10% |
| 4 | Cdw | 16.70 Bn | 14.69 Bn | 1.32 Bn | 15.18% |
| 5 | Cgi | 15.63 Bn | 13.41 Bn | - | - |
| 6 | Arrow Electronics | 12.33 Bn | 11.35 Bn | 1.13 Bn | 10.19% |
| 7 | Avnet | 8.78 Bn | 7.96 Bn | 865.03 Mn | 6.41% |
| 8 | Ingram Micro Holding | 6.70 Bn | 2.31 Bn | 958.68 Mn | 8.18% |
| 9 | EPAM Systems | 5.58 Bn | 1.22 Bn | 429.57 Mn | 11.55% |
| 10 | ExlService Holdings | 5.42 Bn | 4.17 Bn | 225.96 Mn | 20.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.55% |
| Mar 31, 2026 | 10.71% |
| Dec 31, 2025 | 10.42% |
| Sep 30, 2025 | 10.15% |
| Jun 30, 2025 | 10.78% |
| Mar 31, 2025 | 10.80% |
| Dec 31, 2024 | 11.71% |
| Sep 30, 2024 | 11.84% |
| Jun 30, 2024 | 10.71% |
| Mar 31, 2024 | 11.36% |
| Dec 31, 2023 | 11.42% |
| Sep 30, 2023 | 12.91% |
| Jun 30, 2023 | 15.21% |
| Mar 31, 2023 | 14.90% |
| Dec 31, 2022 | 16.26% |
| Sep 30, 2022 | 18.17% |
| Jun 30, 2022 | 18.08% |
| Mar 31, 2022 | 19.36% |
| Dec 31, 2021 | 19.96% |
| Sep 30, 2021 | 18.98% |
API Access
EPAM Systems Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=EPAM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "EPAM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=EPAM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();