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Cognizant Technology Solutions vs Epam Systems: CTSH and EPAM compared
Cognizant Technology Solutions is the larger company: $5.7B of revenue in its latest quarter (Q3 2026) against $1.4B for Epam Systems (Q3 2026). Cognizant Technology Solutions is growing faster (+5% against +2% a year earlier). Cognizant Technology Solutions is more profitable, with an operating margin of 15.4% against 12.3%.
Where the money goes: CTSH and EPAM
Cognizant Technology Solutions (CTSH) · Q3 2026
Cognizant Technology Solutions, Q3 2026: revenue $5.7B (+5% year over year), operating margin 15.4%, net earnings $627M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
Epam Systems (EPAM) · Q3 2026
Epam Systems, Q3 2026: revenue $1.4B (+2% year over year), operating margin 12.3%, net earnings $130M, operating cash flow $289M. The chart follows the revenue to costs, profit and cash.
| Cognizant Technology Solutions (CTSH) | Epam Systems (EPAM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.7B | $1.4B |
| Revenue growth, Y/Y | +5% | +2% |
| Operating margin | 15.4% | 12.3% |
| Net earnings | $627M | $130M |
| Net margin | 11.1% | 9.1% |
| Operating cash flow | $1.0B | $289M |
| Free cash flow | $925M | $274M |
| Market value | $29.1B | $8.1B |
| P/E | 11.8× | 19.0× |
| Analysts’ mean target | $69.78 | $153.29 |
Where the revenue comes from
Cognizant Technology Solutions
- Financial Services: $1.8B (31%)
- Healthcare Segment: $1.6B (28%)
- Products and Resources: $1.4B (24%)
- Communications, Media and Technology: $939M (17%)
Epam Systems
- Americas: $797M (56%)
- Europe: $630M (44%)
Questions
Which is bigger, Cognizant Technology Solutions or Epam Systems?
Cognizant Technology Solutions is the larger company: $5.7B of revenue in its latest quarter (Q3 2026) against $1.4B for Epam Systems (Q3 2026).
Is Cognizant Technology Solutions or Epam Systems growing faster?
Cognizant Technology Solutions is growing faster (+5% against +2% a year earlier).
Which is more profitable, Cognizant Technology Solutions or Epam Systems?
Cognizant Technology Solutions is more profitable, with an operating margin of 15.4% against 12.3%.
More: Cognizant Technology Solutions earnings · how Cognizant Technology Solutions makes money · Epam Systems earnings · how Epam Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.