EPAM Systems, Inc. (EPAM) Free Cash Flow CAGR:29.85%(TTM)
Free cash flow CAGR uses precomputed cash-flow statement history.
Over longer horizons, EPAM Systems, Inc.'s Free Cash Flow CAGR averages 0.41% over 3 years and 4.18% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Free cash flow CAGR measures how EPAM Systems, Inc.'s cash generation has grown. FCF represents the cash available for dividends, buybacks, debt reduction, or reinvestment.
EPAM Free Cash Flow CAGR Chart
EPAM Systems, Inc. (EPAM)
EPAM Quarterly Free Cash Flow Growth (YoY)
Free Cash Flow growth vs the same quarter one year earlier, last 20 quarters.
EPAM Free Cash Flow CAGR History
| Year | Start FCF | End FCF | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $527.02M | $612.69M | +$85.67M | +16.26% | +16.26% |
| 2024 | $534.22M | $527.02M | $-7.20M | -1.35% | -1.35% |
| 2023 | $382.48M | $534.22M | +$151.74M | +39.67% | +39.67% |
| 2022 | $460.83M | $382.48M | $-78.35M | -17.00% | -17.00% |
| 2021 | $475.61M | $460.83M | $-14.79M | -3.11% | -3.11% |
| 2020 | $188.15M | $475.61M | +$287.47M | +152.79% | +152.79% |
| 2019 | $254.64M | $188.15M | $-66.50M | -26.11% | -26.11% |
| 2018 | $165.56M | $254.64M | +$89.09M | +53.81% | +53.81% |
| 2017 | $135.50M | $165.56M | +$30.06M | +22.18% | +22.18% |
| 2016 | $58.43M | $135.50M | +$77.07M | +131.91% | +131.91% |
| 2015 | $89.03M | $58.43M | $-30.61M | -34.37% | -34.37% |
| 2014 | $42.30M | $89.03M | +$46.73M | +110.46% | +110.46% |
| 2013 | $21.42M | $42.30M | +$20.88M | +97.48% | +97.48% |
| 2012 | $37.43M | $21.42M | $-16.00M | -42.76% | -42.76% |
| 2011 | $12.11M | $37.43M | +$25.32M | +209.11% | +209.11% |
| 2010 | $25.06M | $12.11M | $-12.96M | -51.69% | -51.69% |
Quarterly Free Cash Flow: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | -$54.22M | — | — |
| Q4 2025 | $268.11M | -6.4% | +134.1% |
| Q3 2025 | $286.38M | +560.4% | +20.8% |
| Q2 2025 | $43.37M | +192.4% | -17.1% |
| Q1 2025 | $14.83M | -87.0% | -88.0% |
| Q4 2024 | $114.53M | -51.7% | -29.0% |
| Q3 2024 | $237.00M | +352.9% | +12.2% |
| Q2 2024 | $52.32M | -57.5% | -36.3% |
| Q1 2024 | $123.17M | -23.7% | +55.1% |
| Q4 2023 | $161.37M | -23.6% | -1.9% |
| Q3 2023 | $211.25M | +157.1% | -9.6% |
| Q2 2023 | $82.17M | +3.5% | +38.4% |
| Q1 2023 | $79.42M | -51.7% | — |
| Q4 2022 | $164.57M | -29.6% | -27.8% |
| Q3 2022 | $233.66M | +293.6% | +26.3% |
| Q2 2022 | $59.36M | — | +28.4% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
About EPAM Systems, Inc.
EPAM Systems, Inc. is a leading global provider of comprehensive digital platform engineering and software development solutions. The company's extensive service portfolio includes: Engineering Services: From initial requirements analysis and strategic platform selection to tailored customization, seamless cross-platform migration, and robust implementation and integration of new systems. Infrastructure Management: Covering the full lifecycle of software development, rigorous testing, and ongoing maintenance across private, public, and mobile infrastructures. This includes overseeing operations for applications, databases, networks, servers, storage, and broader systems management, alongside proactive monitoring, incident notification, and rapid resolution. Maintenance and Support: Ensuring the sustained performance and reliability of client systems. Operational Enhancement: Delivering solutions that streamline processes through integrated engineering practices and intelligent automation. Optimization Services: Focused on quality assurance, these include advanced software application testing, meticulous test management, automated testing, and consulting to elevate clients' existing QA practices. They also provide specialized testing to uncover potential threats and fortify business systems against information loss and cyber vulnerabilities. Consulting and Advisory: Offering expert guidance across various domains such as business strategy, user experience, technology roadmaps, data analytics, and technical advisory. Design and Innovation: Crafting digital and service design solutions, encompassing strategic planning, creative execution, and program management. Additionally, EPAM drives physical product development, leveraging cutting-edge technologies like artificial intelligence (AI), robotics, and virtual reality (VR). EPAM caters to a diverse global clientele across numerous sectors, including financial services, travel and consumer goods, software and high-tech, business information and media, and the life sciences and healthcare industries. Established in 1993, the company maintains its headquarters in Newtown, Pennsylvania.
- Sector
- Technology
- Industry
- Information Technology Services
- CEO
- Balazs Fejes