Is EPAM or VECO cheaper?

On trailing earnings, EPAM is cheaper: EPAM trades at a 11.00 P/E and VECO at 208.13.

Which has grown faster, EPAM or VECO?

Over the past five years, EPAM grew revenue faster — EPAM at a 14.78% CAGR versus VECO at 6.28%.

Is EPAM or VECO more profitable?

EPAM runs the higher net margin — EPAM at 6.96% versus VECO at 3.53%.

Which has been the better investment, EPAM or VECO?

Over the past 10-year, VECO delivered the higher annualized total return — EPAM at 1.14% versus VECO at 16.99%. Past performance doesn't predict future results.

EPAM Systems, Inc. (EPAM) vs Veeco Instruments Inc. (VECO)

EPAM leads on 12 of 14 compared metrics.

A side-by-side comparison of EPAM Systems, Inc. and Veeco Instruments Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 19, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Veeco Instruments Inc.

$4.86B

$79.65Technology

Total return — EPAM vs VECO

growth of $100 · last 14y

EPAM +447.4%VECO +191.1%EPAM compounded faster

EPAM VECO

EPAM vs VECO: by the numbers

•VECO is the larger company ($4.86B vs $4.00B market cap).
•EPAM trades at the lower earnings multiple (11.00 vs 208.13 P/E).
•EPAM converts more revenue to profit (6.96% vs 3.53% net margin).
•EPAM grew revenue faster over the past five years (14.78% vs 6.28% CAGR).

Which is better, EPAM or VECO?

Metric tally: EPAM 12 · VECO 2

It depends on what you're optimizing for:

ValueEPAM(lower P/E)

GrowthEPAM(faster 5Y revenue CAGR)

QualityEPAM(higher ROIC)

Metrics side by side

Valuation

Metric	EPAM	VECO
P/E ratio	11.00●	208.13
Forward P/E	5.87	—
P/S ratio	0.75●	7.34
P/B ratio	1.21●	5.45
PEG ratio	3.84	—
EV / EBITDA	5.02●	86.21
FCF yield	13.09%●	0.89%

Profitability

Metric	EPAM	VECO
Gross margin	27.92%	38.46%●
Operating margin	9.91%●	3.48%
Net margin	6.96%●	3.53%
ROE	11.27%●	2.62%
ROIC	9.82%●	2.79%

Growth (annualized)

Metric	EPAM	VECO
Revenue CAGR (5Y)	14.78%●	6.28%
EPS CAGR (5Y)	2.86%●	-2.19%
FCF CAGR (5Y)	4.18%●	-2.32%
Total return CAGR (5Y)	-31.57%	28.01%●

Frequently asked

Which is better, EPAM or VECO?: It depends on your goal. value: EPAM (lower P/E); growth: EPAM (faster 5Y revenue CAGR); quality: EPAM (higher ROIC). Across all compared metrics, EPAM leads 12 to 2.
Is EPAM or VECO cheaper?: On trailing earnings, EPAM is cheaper: EPAM trades at a 11.00 P/E and VECO at 208.13.
Which has grown faster, EPAM or VECO?: Over the past five years, EPAM grew revenue faster — EPAM at a 14.78% CAGR versus VECO at 6.28%.
Is EPAM or VECO more profitable?: EPAM runs the higher net margin — EPAM at 6.96% versus VECO at 3.53%.
Which has been the better investment, EPAM or VECO?: Over the past 10-year, VECO delivered the higher annualized total return — EPAM at 1.14% versus VECO at 16.99%. Past performance doesn't predict future results.

Go deeper

Full EPAM analysis Full VECO analysis Interactive comparison tool

Dig into the metrics

EPAM Systems P/E ratio Veeco Instruments P/E ratio EPAM Systems dividend yield Veeco Instruments dividend yield EPAM Systems ROE Veeco Instruments ROE EPAM Systems operating margin Veeco Instruments operating margin EPAM Systems revenue growth Veeco Instruments revenue growth EPAM Systems free cash flow Veeco Instruments free cash flow

EPAM Systems & Veeco Instruments appear in these rankings

Highest FCF Yield Stocks Best 10-Year Total Return Stocks Lowest P/E Ratio 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 June 19, 2026.