EPAM Systems Inc (EPAM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,450,440 | 1,316,530 | 1,538,020 | 1,274,450 | 926,956 |
| Revenue | US$ in thousands | 4,727,940 | 4,690,540 | 4,824,700 | 3,758,140 | 2,659,480 |
| Gross profit margin | 30.68% | 28.07% | 31.88% | 33.91% | 34.85% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,450,440K ÷ $4,727,940K
= 30.68%
The gross profit margin of EPAM Systems Inc has experienced fluctuations over the past five years. It declined from 34.85% as of December 31, 2020, to 33.91% by December 31, 2021. This downward trend continued, with a notable drop to 31.88% as of December 31, 2022, indicating potential challenges in maintaining profitability.
Subsequently, there was a sharp decrease in the gross profit margin to 28.07% by December 31, 2023, highlighting a significant deterioration in profitability. However, a slight recovery was observed by December 31, 2024, with the gross profit margin increasing to 30.68%.
Overall, these fluctuations suggest that EPAM Systems Inc may have faced various operational challenges impacting its ability to generate profits from its core business activities. Further analysis of the company's cost structure and revenue streams may be necessary to identify the underlying causes of these margin changes and to implement strategies aimed at improving profitability in the future.
Peer comparison
Dec 31, 2024