EPAM Systems EBITDA 2011-2026 | EPAM

Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA), is an often used measure of a company's profitability. Financial analysts use EBITDA for a number of purposes including calculating simple valuations of a firm, estimating cash flows, and assessing debt servicing capability. The uses for EBITDA in financial analysis are numerous, but in practice should be more restrained. While EBITDA has some useful applications, it should be used with caution, as the problems with EBITDA are abundant and can lead to a number of misguided conclusions.^[1]

EBITDA is an important indicator for investors and analysts because it allows them to evaluate a company's operating profit without considering the impact of financial expenses, taxes, or non-cash depreciation and amortization. It provides better comparability between companies in different industries or with different tax conditions.

EBITDA is often used to assess a company's ability to generate cash flow and repay debts. It can also serve as a measure of a company's operational efficiency, as it shows how profitable the core business is, regardless of external factors such as interest or taxes.

However, it is important to note that EBITDA is not an official financial statement measure and can be defined and calculated differently by companies. Therefore, investors and analysts should exercise caution when using EBITDA as an evaluation tool and combine it with other financial metrics and information to get a more complete picture of a company's financial condition.

Annual EBITDA EPAM Systems

2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
593 M	665 M	626 M	442 M	348 M	282 M	202 M	157 M	123 M	106 M	91.6 M	76.9 M	64.2 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
665 M	64.2 M	291 M

Quarterly EBITDA EPAM Systems

2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
176 M	158 M	131 M	-	197 M	142 M	133 M	-	137 M	167 M	143 M	-	202 M	116 M	154 M	-	166 M	146 M	125 M	129 M	112 M	98.7 M	102 M	97.7 M	91.7 M	83.9 M	74.9 M	88.5 M	91 M	71.4 M	56.9 M	59.7 M	70.1 M	54.4 M	37.6 M	43.6 M	51.1 M	43.3 M	35.4 M	36.7 M	40.3 M	31.7 M	27 M	26.8 M	36.5 M	27.6 M	25.5 M	26.9 M	31.6 M	25 M	19.2 M	21.9 M	19.8 M	19.3 M	16 M	17.2 M	19 M	12.8 M	13.5 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
202 M	12.8 M	77.8 M

References

Brockman, C. M., & Russell, J. W. (2012). EBITDA: use it... or lose it?. International Journal of Business, Accounting and Finance, 6(2), 84-93.

EBITDA of other stocks in the Information technology industry

Issuer	EBITDA	Price	% 24h	Market Cap	Country
Alithya Group ALYA	-17 M	-	3.2 %	$ 105 M	Canada
Accenture PLC ACN	2.67 B	$ 192.6	-1.94 %	$ 120 B	Irlanda
American Virtual Cloud Technologies AVCT	-55.1 M	-	-11.01 %	$ 19.5 M	USA
Xerox Holdings Corporation XRX	274 M	$ 1.4	-2.78 %	$ 174 M	USA
FLEETCOR Technologies FLT	2.14 B	-	-0.83 %	$ 22.2 B	USA
CynergisTek CTEK	-5.92 M	-	-0.4 %	$ 16.4 M	USA
Computer Task Group, Incorporated CTG	14.1 M	-	-	$ 152 M	USA
Sykes Enterprises, Incorporated SYKE	133 M	-	-	$ 2.15 B	USA
CoreLogic, Inc. CLGX	508 M	-	0.59 %	$ 5.89 B	USA
China Customer Relations Centers, Inc. CCRC	30.9 M	-	0.31 %	$ 119 M	China
CSP CSPI	-1.58 M	$ 7.96	0.25 %	$ 72 M	USA
Perspecta Inc. PRSP	741 M	-	-	$ 4.73 B	USA
Fiserv FISV	6.49 B	$ 53.9	-2.95 %	$ 29.5 B	USA
Sigma Labs, Inc. SGLB	-5.44 M	-	1.94 %	$ 11 M	USA
Digimarc Corporation DMRC	-30.9 M	$ 4.47	-4.08 %	$ 96.8 M	USA
International Money Express IMXI	72.8 M	$ 15.79	-0.19 %	$ 473 M	USA
Broadridge Financial Solutions BR	1.32 B	$ 157.42	-1.51 %	$ 18.4 B	USA
C3.ai AI	-312 M	$ 7.76	-6.62 %	$ 1 B	USA
Genpact Limited G	821 M	$ 36.58	-2.22 %	$ 6.36 B	Bermuda
Innodata INOD	46.8 M	$ 37.12	-9.46 %	$ 1.18 B	USA
NCR Corporation NCR	257 M	-	3.24 %	$ 3.7 B	USA
Gartner IT	1.23 B	$ 155.42	-0.75 %	$ 11.7 B	USA
Perficient PRFT	41.4 M	-	-	$ 2.58 B	USA
Affirm Holdings AFRM	138 M	$ 42.53	-3.01 %	$ 13.7 B	USA
Unisys Corporation UIS	102 M	$ 2.02	-3.81 %	$ 143 M	USA
Issuer Direct Corporation ISDR	1.12 M	-	1.9 %	$ 36.6 M	USA
GDS Holdings Limited GDS	3.19 B	$ 40.4	-3.79 %	$ 59.6 B	China
Chindata Group Holdings Limited CD	2.05 B	$ 4.13	5.09 %	$ 3.01 B	China
CACI International Inc CACI	959 M	$ 563.67	-2.79 %	$ 12.5 B	USA
Sabre Corporation Conv. Pref. Shrs Series A SABRP	401 M	-	-0.78 %	$ 23.3 B	USA
Switch SWCH	229 M	-	-	$ 8.39 B	USA
CLPS Incorporation CLPS	8.32 M	$ 0.91	-4.61 %	$ 19 M	China
CDW Corporation CDW	1.95 B	$ 118.17	-2.48 %	$ 15.5 B	USA
Conduent Incorporated CNDT	194 M	$ 1.27	-0.78 %	$ 201 M	USA
Concentrix Corporation CNXC	-692 M	$ 26.42	-4.69 %	$ 1.66 B	USA
Cognizant Technology Solutions Corporation CTSH	3.94 B	$ 59.73	-1.7 %	$ 29.1 B	USA
Crexendo CXDO	1.35 M	$ 6.16	-3.14 %	$ 183 M	USA
DXC Technology Company DXC	2.33 B	$ 11.81	-3.12 %	$ 2.13 B	USA
ExlService Holdings EXLS	373 M	$ 29.84	-1.75 %	$ 4.81 B	USA
Fidelity National Information Services FIS	2.41 B	$ 46.89	-1.1 %	$ 24.2 B	USA
CGI GIB	511 M	$ 71.05	-2.38 %	$ 24.8 B	Canada
The Hackett Group HCKT	14.3 M	$ 12.38	-2.83 %	$ 338 M	USA
Infosys Limited INFY	3.32 B	$ 12.83	-2.51 %	$ 70.9 M	India
Jack Henry & Associates JKHY	612 M	$ 153.31	-2.47 %	$ 11.2 B	USA
Leidos Holdings LDOS	2.4 B	$ 155.53	-1.3 %	$ 19.9 B	USA
Insight Enterprises NSIT	441 M	$ 65.82	-6.03 %	$ 2.07 B	USA
Priority Technology Holdings PRTH	204 M	$ 4.64	-3.53 %	$ 370 M	USA
LiveRamp Holdings RAMP	22.6 M	$ 25.72	-0.73 %	$ 1.7 B	USA
Research Solutions RSSS	3.75 M	$ 2.35	-	$ 72.1 M	USA