EPAM Systems Inc (EPAM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 417,083 | 419,416 | 481,652 | 327,160 | 261,057 |
| Revenue | US$ in thousands | 4,656,740 | 4,741,060 | 3,750,950 | 2,654,810 | 2,281,750 |
| Net profit margin | 8.96% | 8.85% | 12.84% | 12.32% | 11.44% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $417,083K ÷ $4,656,740K
= 8.96%
The net profit margin for EPAM Systems Inc has shown some fluctuations over the past five years. In 2023, the net profit margin stood at 8.89%, slightly higher than the previous year's margin of 8.69%. However, both of these figures were lower compared to the margins in 2021 and 2020, which were 12.82% and 12.30%, respectively. The highest net profit margin was recorded in 2019 at 11.38%.
The downward trend in net profit margins from 2021 to 2023 could indicate potential challenges in maintaining profitability or controlling costs. It would be important for EPAM Systems Inc to closely monitor and address the factors contributing to the decline in net profit margins to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023