EPAM Systems Inc (EPAM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,400,230 | 1,454,380 | 1,267,250 | 922,289 | 793,551 |
| Revenue | US$ in thousands | 4,656,740 | 4,741,060 | 3,750,950 | 2,654,810 | 2,281,750 |
| Gross profit margin | 30.07% | 30.68% | 33.78% | 34.74% | 34.78% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,400,230K ÷ $4,656,740K
= 30.07%
EPAM Systems Inc's gross profit margin has exhibited a declining trend over the past five years, from 35.12% in 2019 to 30.57% in 2023. This indicates that the company's ability to generate profit from its core business operations has weakened over time. Factors such as increasing costs of goods sold relative to sales revenue or pricing pressures in the industry could be contributing to this downward trajectory. It would be important for EPAM Systems Inc to closely monitor and address any underlying issues affecting its gross profit margin to ensure long-term profitability and sustainability.
Peer comparison
Dec 31, 2023