EPAM Systems vs Formula Systems (1985): revenue, profit, margins and growth compared
EPAM Systems brought in $5.5B of revenue in fiscal 2025, Formula Systems (1985) $2.8B in fiscal 2024. Revenue changed by +15.4% at EPAM Systems and +5.2% at Formula Systems (1985) on the year before, so EPAM Systems grew faster. EPAM Systems kept 6.9% of its revenue as net profit, Formula Systems (1985) 2.9%. Free cash flow was $612.7M at EPAM Systems and $308M at Formula Systems (1985).
Fiscal years as each company reports them; the two may end in different months.
Questions about EPAM Systems and Formula Systems (1985)
Which is bigger by revenue, EPAM Systems or Formula Systems (1985)?
EPAM Systems is bigger by revenue: $5.5B in fiscal 2025, against $2.8B for Formula Systems (1985) in fiscal 2024.
Which keeps more of its revenue as profit, EPAM Systems or Formula Systems (1985)?
EPAM Systems had a net margin of 6.9% in fiscal 2025; Formula Systems (1985) had 2.9% in fiscal 2024.
Which grew revenue faster, EPAM Systems or Formula Systems (1985)?
In their latest fiscal years revenue changed by +15.4% at EPAM Systems and +5.2% at Formula Systems (1985).
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.