EPAM Systems vs Globant
EPAM Systems reported revenue of $5.5 billion in fiscal 2025, 2.2 times Globant's $2.5 billion in fiscal 2025. EPAM Systems' revenue grew 15.4% in its latest year, and Globant's grew 1.6%. EPAM Systems had an operating margin of 9.5%, against 7.0% at Globant. Free cash flow was $613 million at EPAM Systems and $282 million at Globant.
Side by side
| EPAM Systems | Globant | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $5.5B | $2.5B |
| Revenue growth | 15.4% | 1.6% |
| Revenue growth a year, last 5 years | 15.5% | 24.7% |
| Gross margin | 28.8% | 35.0% |
| Operating margin | 9.5% | 7.0% |
| Net margin | 6.9% | 4.2% |
| Free cash flow | $613M | $282M |
| Free cash flow margin | 11.2% | 11.5% |
| Return on capital | 16.3% | 5.8% |
| Net debt to EBITDA | −2.0x | — |
| Dividends and buybacks | $662M | $56M |
| Change in diluted share count | −3.0% | 0.9% |
| Last close | $159.31 | $47.41 |
| P/E at the last close | 19.9× | — |
| Insider trades, last 12 months | bought $7,500, sold $1.6 million | bought $971,750, sold $342,700 |
| Piotroski F-score | 6 of 9 | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
EPAM SystemsGlobant
Operating margin
Percent of revenue
EPAM SystemsGlobant
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EPAM SystemsGlobant
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the EPAM Systems and Globant pages.