Which has the lower trailing P/E, EPAM or EXLS?

EPAM has the lower trailing P/E: EPAM trades at 14.63 and EXLS at 22.32. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, EPAM or EXLS?

Over the past five years, EXLS grew revenue faster — EPAM at a 13.08% CAGR versus EXLS at 16.87%.

Is EPAM or EXLS more profitable?

EXLS runs the higher net margin — EPAM at 7.15% versus EXLS at 11.17%.

How have EPAM and EXLS total returns compared?

Over the past 10 years, EPAM delivered 4.97% and EXLS delivered 13.72% annualized total return. Past performance doesn't predict future results.

EPAM Systems, Inc. (EPAM) vs ExlService Holdings, Inc. (EXLS)

A side-by-side comparison of EPAM Systems, Inc. and ExlService Holdings, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

EPAM

EPAM Systems, Inc.

$5.64B

$107.99TechnologyDelayed quote: Oct 6, 2026, 2:35 PM EDT

EXLS

ExlService Holdings, Inc.

$5.38B

$35.49TechnologyDelayed quote: Oct 6, 2026, 2:35 PM EDT

Total return — EPAM vs EXLS

growth of $100 · dividends reinvested · last 10y

EPAM +62.5% (+5.0%/yr)EXLS +260.4% (+13.7%/yr)EXLS compounded faster over this window

EPAM EXLS

EPAM vs EXLS: by the numbers

•EPAM is the larger company ($5.64B vs $5.38B market cap).
•EPAM trades at the lower trailing earnings multiple (14.63 vs 22.32 P/E), one valuation lens rather than an overall verdict.
•EXLS converts more revenue to profit (11.17% vs 7.15% net margin).
•EXLS grew revenue faster over the past five years (16.87% vs 13.08% CAGR).

Metrics side by side

Valuation

Metric	EPAM	EXLS
P/E ratio	14.63	22.32
Forward P/E	8.22	15.51
PEG ratio	3.94	0.92
P/S ratio	1.00	2.40
P/B ratio	1.60	6.21
EV / EBITDA	7.03	13.79
FCF yield	8.55%	5.11%

Profitability

Metric	EPAM	EXLS
Gross margin	28.33%	38.51%
Operating margin	10.26%	14.90%
Net margin	7.15%	11.17%
ROE	11.42%	28.86%
ROIC	11.07%	17.97%

Growth (annualized)

Metric	EPAM	EXLS
Revenue CAGR (5Y)	13.08%	16.87%
EPS CAGR (5Y)	2.86%	24.58%
FCF CAGR (5Y)	6.36%	11.74%
Total return CAGR (5Y)	-28.24%	7.47%

Frequently asked

Which has the lower trailing P/E, EPAM or EXLS?: EPAM has the lower trailing P/E: EPAM trades at 14.63 and EXLS at 22.32. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, EPAM or EXLS?: Over the past five years, EXLS grew revenue faster — EPAM at a 13.08% CAGR versus EXLS at 16.87%.
Is EPAM or EXLS more profitable?: EXLS runs the higher net margin — EPAM at 7.15% versus EXLS at 11.17%.
How have EPAM and EXLS total returns compared?: Over the past 10 years, EPAM delivered 4.97% and EXLS delivered 13.72% annualized total return. Past performance doesn't predict future results.

Go deeper

Full EPAM analysis Full EXLS analysis Interactive comparison tool

Dig into the metrics

EPAM Systems P/E ratio ExlService P/E ratio EPAM Systems ROE ExlService ROE EPAM Systems operating margin ExlService operating margin EPAM Systems revenue growth ExlService revenue growth EPAM Systems free cash flow ExlService free cash flow

EPAM Systems & ExlService appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.