TTM
9.8%
YoY change
+0.08pp
Trough year (2012)
4.9%
Peak year (2020)
17.9%
Latest annual
11.2%
FCF Margin history chart for EPAM Systems (EPAM) from 2009 to 2025
Latest: 11.2%
FCF Margin change chart for EPAM Systems (EPAM) from 2009 to 2025
Latest: +0.08pp
FCF Margin history table for EPAM Systems (EPAM) from 2009 to 2025
| 2025 | 11.2% | +0.08pp | ||
| 2024 | 11.1% | -0.24pp | ||
| 2023 | 11.4% | +3.46pp | ||
| 2022 | 7.9% | -4.33pp | ||
| 2021 | 12.3% | -5.62pp | ||
| 2020 | 17.9% | +9.68pp | ||
| 2019 | 8.2% | -5.62pp | ||
| 2018 | 13.8% | +2.40pp | ||
| 2017 | 11.4% | -0.27pp | ||
| 2016 | 11.7% | +5.29pp | ||
| 2015 | 6.4% | -5.80pp | ||
| 2014 | 12.2% | +4.58pp | ||
| 2013 | 7.6% | +2.68pp | ||
| 2012 | 4.9% | -6.25pp | ||
| 2011 | 11.2% | +5.73pp | ||
| 2010 | 5.5% | -11.26pp | ||
| 2009 | 16.7% | — |
- 202511.2%+0.08pp
- 202411.1%-0.24pp
- 202311.4%+3.46pp
- 20227.9%-4.33pp
- 202112.3%-5.62pp
- 202017.9%+9.68pp
- 20198.2%-5.62pp
- 201813.8%+2.40pp
- 201711.4%-0.27pp
- 201611.7%+5.29pp
- 20156.4%-5.80pp
- 201412.2%+4.58pp
- 20137.6%+2.68pp
- 20124.9%-6.25pp
- 201111.2%+5.73pp
- 20105.5%-11.26pp
- 200916.7%—
FCF Margin values are taken from EPAM Systems's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at EPAM Systems (EPAM)
According to EPAM Systems's latest reported financial statements, the company's latest reported free cash flow margin is 9.8%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
EPAM Systems (EPAM) most recent annual free cash flow margin stands at 11.23% (2025) – expanded 0.1 percentage points year-over-year.
17.88% stands as the all-time-high annual free cash flow margin, posted in 2020, against a low of 4.94% during 2012.
EPAM Systems FCF Margin by Year
EPAM Systems FCF Margin 2025: 11.2%
EPAM Systems posted free cash flow margin of 11.23% in 2025, expanded 0.1 percentage points from 2024.
EPAM Systems FCF Margin 2024: 11.1%
In 2024, EPAM Systems reported free cash flow margin of 11.15%, contracted 0.2 percentage points from 2023.
EPAM Systems FCF Margin 2023: 11.4%
EPAM Systems free cash flow margin in 2023 was 11.39%, expanded 3.5 percentage points from 2022.
EPAM Systems FCF Margin 2022: 7.9%
2022's free cash flow margin for EPAM Systems came in at 7.93%, contracted 4.3 percentage points from 2021.
EPAM Systems FCF Margin 2021: 12.3%
EPAM Systems free cash flow margin in 2021 was 12.26%.
See more financial history for EPAM Systems (EPAM).
Sector peers by FCF Margin
Technology peers of EPAM Systems (EPAM), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 28.6% | |
| 26.6% | |
| 25.5% | |
| 22.9% | |
| 22.9% | |
| 17.7% |
- 47.0%
- 43.4%
- 28.6%
- 26.6%
- 25.5%
- 22.9%
- 22.9%
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