EPAM Systems vs Gartner
Gartner is the larger business, with $6.50bn of revenue in fiscal 2025 against $5.46bn for EPAM Systems (1.2 times as much). EPAM Systems grew faster (15.4% against 3.7%). Gartner kept more of each dollar of sales as profit: a net margin of 11.2% against 6.9%. EPAM Systems carries less debt relative to equity (0.7% against 939.3%).
| Latest fiscal year | EPAM SystemsEPAM, 2025 | GartnerIT, 2025 |
|---|---|---|
| Revenue | $5.46bn | $6.50bn |
| Revenue growth | 15.4% | 3.7% |
| Net income | $378m | $729m |
| Operating margin | 9.5% | 15.8% |
| Net margin | 6.9% | 11.2% |
| Return on equity | 10.3% | 86.9% |
| Free cash flow | $613m | $1.18bn |
| Cash | $1.30bn | $1.72bn |
| Total debt | $25.0m | $3.00bn |
| Debt to equity | 0.7% | 939.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $662m | $1.99bn |
| Employees | 53,150 | 20,244 |
| Market value | $7.42bn | $15.66bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 63 (Moderate) | 67 (Moderate) |
| Insider trades, 12 months | 6 buys, 4 sales | 8 buys, 7 sales |