EPAM Systems Inc (EPAM)

Net 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
Net income (ttm)	US$ in thousands	454,533	448,788	409,646	431,034	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
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
Net profit margin		9.61%	9.68%	8.86%	9.28%	8.89%	9.96%	11.02%	8.88%	8.69%	8.65%	8.21%	11.14%	12.82%	12.59%	13.12%	12.57%	12.30%	12.31%	11.73%	11.79%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $454,533K ÷ $4,727,940K
= 9.61%

EPAM Systems Inc's net profit margin has shown fluctuations over the reporting periods provided. The net profit margin represents the percentage of revenue that translates into profit after all expenses are deducted.

For the period spanning March 31, 2020, to June 30, 2021, the net profit margin remained relatively stable, ranging between 11.73% and 13.12%, indicating efficient cost management and profitability. However, there was a notable decline in the net profit margin in the subsequent quarters, particularly from June 30, 2022, to December 31, 2024, where figures ranged between 8.21% and 9.68%.

This decrease in net profit margin could be attributed to various factors such as increased operating expenses, lower revenue growth, or changes in the company's pricing strategy. It suggests potential challenges in maintaining profitability during these periods.

Overall, while EPAM Systems Inc's net profit margin has displayed resilience in certain quarters, the downward trend observed from mid-2022 to the end of 2024 underscores the importance of monitoring expenses and revenue generation to sustain profitability in a competitive business environment.