EPAM Systems Inc (EPAM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 536,585 | 507,258 | 533,392 | 378,479 | 299,526 |
| Revenue | US$ in thousands | 4,656,740 | 4,741,060 | 3,750,950 | 2,654,810 | 2,281,750 |
| Pretax margin | 11.52% | 10.70% | 14.22% | 14.26% | 13.13% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $536,585K ÷ $4,656,740K
= 11.52%
EPAM Systems Inc's pretax margin has witnessed fluctuations over the past five years. In 2023, the pretax margin was 11.44%, showing a slight increase from the previous year's figure of 10.51%. However, it was lower compared to the margins reported in 2021 and 2020, which were 14.19% and 14.23%, respectively. The highest pretax margin in the last five years was recorded in 2021. Despite the fluctuations, EPAM Systems Inc has generally maintained pretax margins above 10% in recent years, indicating a consistent level of profitability before taxes. Further analysis of the company's financial performance and factors influencing these margins would provide a more in-depth understanding of the company's profitability trends.
Peer comparison
Dec 31, 2023