Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
EPAM 
EPAM Systems Inc (EPAM)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
01/07/2026: EPAM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
21 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $211.33
1 Year Target Price $211.33
| 7 | Strong Buy |
| 7 | Buy |
| 6 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -21.35% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/07/2026 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 12.16B USD | Price to earnings Ratio 33.34 | 1Y Target Price 211.33 |
Price to earnings Ratio 33.34 | 1Y Target Price 211.33 | ||
Volume (30-day avg) 21 | Beta 1.73 | 52 Weeks Range 138.15 - 269.00 | Updated Date 01/6/2026 |
52 Weeks Range 138.15 - 269.00 | Updated Date 01/6/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 6.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 7.01% | Operating Margin (TTM) 10.68% |
Management Effectiveness
Return on Assets (TTM) 7.74% | Return on Equity (TTM) 10.21% |
Valuation
Trailing PE 33.34 | Forward PE 17.79 | Enterprise Value 10329758304 | Price to Sales(TTM) 2.3 |
Enterprise Value 10329758304 | Price to Sales(TTM) 2.3 | ||
Enterprise Value to Revenue 1.95 | Enterprise Value to EBITDA 15.46 | Shares Outstanding 55242618 | Shares Floating 53343929 |
Shares Outstanding 55242618 | Shares Floating 53343929 | ||
Percent Insiders 3.6 | Percent Institutions 101.67 |
Upturn AI SWOT
EPAM Systems Inc
Company Overview
History and Background
EPAM Systems Inc. was founded in 1993 in Newtown, Pennsylvania, by Arkadiy Dobkin and Leo Lozanski. Initially a small software development shop, EPAM has grown into a global leader in digital platform engineering. Key milestones include its IPO in 2012, significant expansion through acquisitions, and its consistent recognition as a top IT service provider by industry analysts. The company has evolved to focus on comprehensive digital transformation services, encompassing strategy, product development, and modernizing core systems.
Core Business Areas
- Digital Platform Engineering: EPAM provides end-to-end digital transformation services, including strategy, design, development, and modernization of digital platforms. This involves creating and optimizing customer-facing applications, data analytics solutions, and complex enterprise systems.
- Product Development Services: EPAM assists clients in building and evolving their software products, from initial concept to ongoing support and enhancement. This includes custom software development, mobile app development, and cloud-native solutions.
- Digital and Product Strategy: EPAM collaborates with clients to define their digital strategy, identify new product opportunities, and develop roadmaps for innovation and business growth.
- Data & Analytics: EPAM helps organizations leverage their data through advanced analytics, data engineering, AI, and machine learning solutions to drive insights and business outcomes.
- Agile and DevOps Transformation: EPAM guides clients in adopting agile methodologies and DevOps practices to accelerate software delivery, improve quality, and enhance operational efficiency.
Leadership and Structure
EPAM Systems is led by a seasoned executive team, with Arkadiy Dobkin serving as President and CEO. The company operates with a global delivery model, employing thousands of professionals across its engineering, design, and consulting practices. Its structure is organized to serve various industries and geographies, with specialized teams focused on specific technology stacks and business challenges.
Top Products and Market Share
Key Offerings
- Digital Transformation Services: EPAM offers a comprehensive suite of services aimed at helping businesses reimagine their digital strategies, customer experiences, and operational efficiencies. This includes custom software development, cloud migration, data analytics, AI integration, and modernizing legacy systems. Competitors include Accenture, Cognizant, Tata Consultancy Services, Infosys, Wipro, and Capgemini. Market share data for specific service lines is not publicly disclosed but EPAM is a significant player in the digital engineering and IT consulting space.
- Product Engineering Solutions: EPAM provides end-to-end product engineering services, assisting clients in developing, scaling, and innovating their software products. This spans from ideation and design to full-stack development, testing, and ongoing maintenance. Competitors are similar to digital transformation services, with a strong emphasis on niche product development firms. EPAM is recognized for its engineering depth and ability to handle complex product development cycles.
- Data & Analytics and AI/ML Solutions: EPAM helps organizations build robust data architectures, implement advanced analytics platforms, and deploy AI/ML models to derive actionable insights and automate processes. Key competitors include specialized AI/ML consultancies and large IT service providers with strong data practices. EPAM differentiates itself through its ability to integrate data solutions with broader digital transformation initiatives.
Market Dynamics
Industry Overview
EPAM operates in the highly competitive IT services and digital transformation market. This industry is characterized by a strong demand for cloud computing, data analytics, artificial intelligence, cybersecurity, and custom software development. The trend towards digital-first business models and the need for agile IT infrastructure drives significant growth. The market is influenced by technological advancements, evolving customer expectations, and the global demand for skilled IT talent.
Positioning
EPAM Systems is positioned as a leading global provider of digital platform engineering and product development services. Its competitive advantages lie in its strong engineering talent, deep domain expertise across various industries, agile delivery capabilities, and a focus on creating innovative and business-critical software solutions. The company is known for its ability to handle complex projects and its commitment to client success.
Total Addressable Market (TAM)
The global IT services market, encompassing digital transformation, cloud, data, and software development, is estimated to be in the hundreds of billions of dollars and is projected to continue growing at a significant CAGR. EPAM Systems is well-positioned to capture a substantial portion of this TAM by offering specialized and end-to-end digital engineering solutions across its target industries.
Upturn SWOT Analysis
Strengths
- Strong engineering and technical expertise.
- Global delivery model with a large talent pool.
- Proven track record in digital transformation and product development.
- Deep industry vertical knowledge.
- Agile and flexible approach to client engagements.
Weaknesses
- Reliance on key client relationships can be a vulnerability.
- Competition from both large IT conglomerates and niche specialists.
- Potential challenges in rapid scaling of specialized skill sets.
- Geopolitical risks associated with its significant presence in Eastern Europe.
- Maintaining consistent quality across a large, distributed workforce.
Opportunities
- Growing demand for AI, machine learning, and data analytics solutions.
- Continued digital transformation initiatives across all industries.
- Expansion into new geographical markets.
- Strategic acquisitions to enhance capabilities or market reach.
- Increased focus on cloud-native development and microservices architecture.
Threats
- Intensifying competition and pricing pressures.
- Economic downturns affecting client IT spending.
- Talent acquisition and retention challenges.
- Cybersecurity threats and data privacy regulations.
- Rapid technological obsolescence requiring continuous adaptation.
Competitors and Market Share
Key Competitors
- Accenture plc (ACN)
- Cognizant Technology Solutions Corp (CTSH)
- Tata Consultancy Services Limited (TCS.NS)
- Infosys Limited (INFY)
- Wipro Limited (WIT)
- Capgemini SE (CAPP.PA)
Competitive Landscape
EPAM competes in a highly fragmented and competitive IT services market. Its advantages lie in its deep engineering capabilities, agile delivery, and focus on digital platform engineering. However, it faces intense competition from larger, more diversified IT service giants that offer a broader range of consulting and implementation services, as well as from niche players specializing in specific technologies. Maintaining its innovation edge and attracting top talent are crucial for continued success.
Major Acquisitions
Qualibrate
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to enhance EPAM's digital quality engineering and testing capabilities, particularly in areas like test automation and AI-driven quality assurance.
Devbridge Group
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: Strengthened EPAM's presence in the product development and digital innovation space, particularly in North America.
Engageware
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: Expanded EPAM's capabilities in customer engagement and digital experience solutions, focusing on the retail and financial services sectors.
Growth Trajectory and Initiatives
Historical Growth: EPAM has a history of strong and consistent growth, driven by organic expansion and strategic acquisitions. The company has successfully scaled its operations globally, building a broad client base and diversifying its service offerings. Its growth has been fueled by the increasing need for digital transformation and advanced software engineering across industries.
Future Projections: Analyst projections for EPAM's future growth remain positive, with expectations of continued revenue expansion driven by the ongoing digital imperative across businesses. Growth is anticipated to be supported by increased demand for AI, cloud, and data-centric solutions, as well as EPAM's ability to secure large-scale transformation projects. Acquisitions are also likely to play a role in augmenting growth.
Recent Initiatives: Recent initiatives have focused on strengthening EPAM's capabilities in emerging technologies such as AI and cloud-native development. The company has also been actively engaged in expanding its presence in key markets and enhancing its service delivery models to meet evolving client needs. Strategic acquisitions have been a recurring theme, aimed at bolstering specific expertise or market access.
Summary
EPAM Systems Inc. is a strong global leader in digital platform engineering and product development, benefiting from robust demand for digital transformation. Its key strengths lie in its deep technical expertise and agile delivery model, allowing it to excel in complex projects. The company needs to vigilantly manage competitive pressures and potential geopolitical risks. Continued investment in emerging technologies and strategic acquisitions will be crucial for maintaining its growth trajectory in the dynamic IT services market.
Similar Stocks
Sources and Disclaimers
Data Sources:
- EPAM Systems Inc. Investor Relations
- Financial news outlets (e.g., Bloomberg, Reuters)
- Industry analysis reports (e.g., Gartner, IDC)
- Company filings (SEC)
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute investment advice. Financial data and market share estimates are subject to change and may not be fully comprehensive.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About EPAM Systems Inc
Exchange NYSE | Headquaters Newtown, PA, United States | ||
IPO Launch date 2012-02-08 | President, CEO & Director Mr. Balazs Fejes | ||
Sector Technology | Industry Information Technology Services | Full time employees 62350 | Website https://www.epam.com |
Full time employees 62350 | Website https://www.epam.com | ||
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; cloud services for creating a roadmap to set and refine IT and business goals while identifying new and emerging cloud opportunities; data, analytics and artificial intelligence; customer experience design; and cybersecurity. It also offers operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers software product and platform development services, which comprise product research, customer experience design and prototyping, program management, component design and integration, full lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, managed services, as well as cross-platform migration and modernizing legacy platforms. The company serves the financial services; consumer goods, retail and travel; software and Hi-tech; business information and media, life sciences and healthcare; and emerging verticals industries EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.