EPAM Systems Inc (EPAM)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,402,321	1,358,750	1,313,086	1,362,402	1,410,868	1,472,977	1,515,230	1,502,277	1,538,015	1,519,637	1,454,678	1,403,778	1,274,447	1,151,951	1,045,641	960,846	926,956	891,961	873,684	856,513
Revenue (ttm)	US$ in thousands	4,727,940	4,636,850	4,621,460	4,645,070	4,690,550	4,764,590	4,839,370	4,864,020	4,824,690	4,700,850	4,462,469	4,148,975	3,758,140	3,374,173	3,037,877	2,788,894	2,659,478	2,568,760	2,504,620	2,423,824
Gross profit margin		29.66%	29.30%	28.41%	29.33%	30.08%	30.92%	31.31%	30.89%	31.88%	32.33%	32.60%	33.83%	33.91%	34.14%	34.42%	34.45%	34.85%	34.72%	34.88%	35.34%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,402,321K ÷ $4,727,940K
= 29.66%

EPAM Systems Inc's gross profit margin has been showing a decreasing trend over the analyzed period, declining from 35.34% as of March 31, 2020, to 29.66% as of December 31, 2024. The company's gross profit margin fluctuated throughout the period but generally experienced a gradual decrease.

This decline in gross profit margin could indicate various factors such as increasing costs of goods sold, pricing pressures, or inefficiencies in production processes. It is essential for the company to closely monitor and manage its cost structure to improve profitability in the future. A deteriorating gross profit margin may affect the company's overall financial performance and requires strategic adjustments to maintain a healthy level of profitability.