Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.45B | $1.84B | $2.29B | $2.66B | $3.76B | $4.82B | $4.69B | $4.73B | $5.46B |
| Revenue growth | — | 25.0% | 27.1% | 24.5% | 15.9% | 41.3% | 28.4% | -2.8% | 0.8% | 15.4% |
| Operating income | $134M | $173M | $246M | $303M | $379M | $542M | $573M | $501M | $545M | $520M |
| Operating margin | 11.5% | 11.9% | 13.3% | 13.2% | 14.3% | 14.4% | 11.9% | 10.7% | 11.5% | 9.5% |
| Net income | $99.3M | $72.8M | $240M | $261M | $327M | $482M | $419M | $417M | $455M | $378M |
| Net margin | 8.6% | 5.0% | 13.0% | 11.4% | 12.3% | 12.8% | 8.7% | 8.9% | 9.6% | 6.9% |
| EPS (diluted) | $1.87 | $1.32 | $4.24 | $4.53 | $5.60 | $8.15 | $7.09 | $7.06 | $7.84 | $6.72 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $167M | $193M | $292M | $287M | $544M | $572M | $464M | $563M | $559M | $655M |
| Capital expenditures | $29.3M | $29.8M | $37.6M | $99.3M | $68.8M | $112M | $81.6M | $28.4M | $32.1M | $42.2M |
| Free cash flow | $138M | $163M | $255M | $188M | $476M | $461M | $382M | $534M | $527M | $613M |
| Share buybacks | — | — | — | — | — | $0.00 | $0.00 | $165M | $398M | $662M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $362M | $583M | $771M | $937M | $1.32B | $1.45B | $1.68B | $2.04B | $1.29B | $1.30B |
| Total assets | $926M | $1.25B | $1.61B | $2.24B | $2.72B | $3.52B | $4.01B | $4.35B | $4.75B | $4.90B |
| Total liabilities | $144M | $275M | $349M | $648M | $738M | $1.03B | $1.01B | $881M | $1.12B | $1.22B |
| Long-term debt | — | — | — | — | $25.0M | $30.2M | $27.7M | $26.1M | $25.2M | $25.0M |
| Shareholders' equity | $781M | $975M | $1.26B | $1.60B | $1.98B | $2.49B | $3.00B | $3.47B | $3.63B | $3.68B |
| Shares (wtd avg diluted) | 53.2M | 55.0M | 56.7M | 57.7M | 58.4M | 59.1M | 59.2M | 59.1M | 58.0M | 56.2M |
Every figure is extracted from EPAM Systems, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.