EPAM Systems, Inc. (EPAM)
EPAM Systems provides software engineering and digital product development services to global enterprises.
EPAM vs VRSN: how the two businesses compare
- Bigger business: EPAM, with $5.5B of yearly revenue, about 3.3× VRSN's $1.7B.
- More profitable: VRSN keeps 50 cents of each sales dollar as profit, against 7 cents at EPAM.
- More cash from each sale: VRSN turns 66 cents of each sales dollar into operating cash flow, against 12 cents at EPAM.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
EPAM Systems (EPAM) is the larger business by reported revenue: $5.5B in its fiscal year ended Dec 2025, about 3.3× VRSN's $1.7B (fiscal year ended Dec 2025). EPAM's net margin was 6.9% and VRSN's 49.8%. Both file with the SEC under the same industry code, SIC 7371 (Services-Computer Programming Services).
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Information Technology
- Computer Programming Services
- Same classification
- December 31
- Same calendar
- Feb 26, 2026
EPAM vs VRSN: quick comparison
| Company fact | EPAM | VRSN |
|---|---|---|
| Company | EPAM Systems, Inc. | VeriSign, Inc. |
| Exchange | NYSE | NASDAQ |
| SEC industry | Services-Computer Programming Services | Services-Computer Programming Services |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-26 | 10-K · 2026-02-05 |
EPAM vs VRSN: audited financials
- Scale: EPAM's $5.5B of revenue is about 3.3× VRSN's $1.7B.
- Net margin: VRSN kept 49.8% of revenue as net income versus 6.9% at EPAM.
- Cash conversion: operating cash flow equalled EPAM 12.0% of revenue, or 1.73× net income; VRSN 65.9% of revenue, or 1.32× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: both fiscal years end on 2025-12-31, so these annual figures cover the same months.
| Metric | EPAM | VRSN |
|---|---|---|
| Revenue | $5.5B2025-01-01 to 2025-12-31 · SEC filing | $1.7B2025-01-01 to 2025-12-31 · SEC filing |
| Net income | $378M2025-01-01 to 2025-12-31 · SEC filing | $826M2025-01-01 to 2025-12-31 · SEC filing |
| Operating cash flow | $655M2025-01-01 to 2025-12-31 · SEC filing | $1.1B2025-01-01 to 2025-12-31 · SEC filing |
| Diluted EPS | $6.722025-01-01 to 2025-12-31 · SEC filing | — |
| Net margin | 6.9%2025-01-01 to 2025-12-31 · SEC filing | 49.8%2025-01-01 to 2025-12-31 · SEC filing |
EPAM: FY ending 2025-12-31 · VRSN: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where EPAM and VRSN overlap, and where they don't
Overlap
- Same SEC industry: both report under SIC 7371, Services-Computer Programming Services.
- Same fiscal calendar: both fiscal years end December 31.
Differences
- Only EPAM maps to International markets.
- Scale: EPAM reported about 3.3× the annual revenue of VRSN.
- Profitability: net margin of 6.9% for EPAM versus 49.8% for VRSN.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
VeriSign, Inc. (VRSN)
VeriSign operates the authoritative registries for .com and .net internet domains and related infrastructure.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves EPAM
We have not yet published a company-specific driver list for EPAM. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-26.
What moves VRSN
We have not yet published a company-specific driver list for VRSN. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-05.
The investment question
You now know EPAM reports about 3.3× VRSN's revenue, and VRSN keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about the services-computer programming services cycle, and which evidence in the next filings would prove that assumption wrong.
Members-only research
What members are reading this month
- Issue 07: The Vote That Knocked Almost a Quarter off Data Center Stocks
Texas has frozen new data center approvals since the summer. The vote extends that freeze, but it cannot unplug campuses that already have power. We map who is exposed, test whether the sell-off overshot and say where the real risk sits.
- Citadel bought the AI fire sale. The seller had run out of time.
Up 439% in the first half, down about 67% in July: how an AI hedge fund ended up selling a roughly $16 billion stock book to Citadel at a discount.
The thesis, the numbers behind it, and what would break it. Full access is $39 a month.
Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end December 31, so annual reports line up, but check segment definitions before comparing growth or margins.
The current verified House and Senate snapshot contains 7 matched transaction rows for EPAM and 10 matched transaction rows for VRSN. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
EPAM primary filings
VRSN primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving EPAM or VRSN
EPAM vs VRSN FAQs
Are EPAM and VRSN direct competitors?
EPAM Systems and VeriSign share the SEC industry classification “Services-Computer Programming Services.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Is EPAM or VRSN the bigger company by revenue?
EPAM Systems (EPAM) is the larger business by reported revenue: $5.5B in its fiscal year ended Dec 2025, about 3.3× VRSN's $1.7B (fiscal year ended Dec 2025). EPAM's net margin was 6.9% and VRSN's 49.8%. Both file with the SEC under the same industry code, SIC 7371 (Services-Computer Programming Services). Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, EPAM or VRSN?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this EPAM vs VRSN comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers EPAM Systems, Inc. and VeriSign, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
EPAM vs VRSN compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
Members-only research
$39/mo or $249/yr · cancel future renewals anytime · sources included