EPAM Systems Inc (EPAM)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	417,083	474,568	533,418	431,989	419,416	406,656	366,258	462,325	481,652	424,912	398,688	350,641	327,160	316,145	293,715	285,868	261,057	246,498	245,114	236,592
Revenue (ttm)	US$ in thousands	4,656,750	4,778,720	4,882,220	4,826,940	4,720,160	4,556,090	4,307,578	4,075,331	3,750,945	3,360,418	3,033,459	2,780,002	2,654,811	2,570,115	2,496,974	2,421,783	2,281,749	2,155,221	2,037,895	1,935,517
Net profit margin		8.96%	9.93%	10.93%	8.95%	8.89%	8.93%	8.50%	11.34%	12.84%	12.64%	13.14%	12.61%	12.32%	12.30%	11.76%	11.80%	11.44%	11.44%	12.03%	12.22%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $417,083K ÷ $4,656,750K
= 8.96%

EPAM Systems Inc's net profit margin fluctuated over the past eight quarters. The net profit margin ranged from a low of 8.21% in Q2 2022 to a high of 11.14% in Q1 2022. The company experienced a general increasing trend in net profit margin from Q2 2022 to Q2 2023, with a peak at 11.02% in Q2 2023. However, in Q3 and Q4 2023, the net profit margin slightly decreased to 9.96% and 8.89%, respectively. Overall, EPAM Systems Inc's net profit margin demonstrates variance over the quarters, indicating the company's varying ability to convert revenue into profit.