EPAM Systems Inc (EPAM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 584,412 | 536,585 | 507,258 | 533,392 | 378,479 |
| Revenue | US$ in thousands | 4,727,940 | 4,690,540 | 4,824,700 | 3,758,140 | 2,659,480 |
| Pretax margin | 12.36% | 11.44% | 10.51% | 14.19% | 14.23% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $584,412K ÷ $4,727,940K
= 12.36%
EPAM Systems Inc's pretax margin has shown some fluctuations over the past five years. It stood at 14.23% as of December 31, 2020, slightly declining to 14.19% by December 31, 2021. However, there was a noticeable decrease to 10.51% by the end of 2022, indicating a dip in the company's ability to generate profit before taxes relative to its revenue.
The following years saw some improvement, with the pretax margin increasing to 11.44% by December 31, 2023, and further rising to 12.36% as of December 31, 2024. Despite the recovery in the latter years, EPAM Systems Inc may need to further evaluate its operational efficiency and cost management to sustain and potentially enhance its pretax margin in the future.
Peer comparison
Dec 31, 2024