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FCF Margin % is calculated as Free Cash Flow divided by its Revenue. EPAM Systems's Free Cash Flow for the
three
months ended in Mar. 2026 was €-47 Mil. EPAM Systems's Revenue for the
three
months ended in Mar. 2026 was €1,211 Mil. Therefore, EPAM Systems's FCF Margin % for the quarter that ended in Mar. 2026 was -3.87%.
The historical rank and industry rank for EPAM Systems's FCF Margin % or its related term are showing as below:
FRA:E3M'
s FCF Margin % Range Over the Past 10 Years
Min: 7.93 Med: 11.32 Max: 17.88
Current: 9.71
During the past 13 years, the highest FCF Margin % of EPAM Systems was 17.88%. The lowest was 7.93%. And the median was 11.32%.
FRA:E3M's FCF Margin % is ranked better than 69.99% of 2822
companies
in the Software industry
Industry Median: 2.315
vs FRA:E3M: 9.71
EPAM Systems FCF Margin % Related Terms
EPAM Systems FCF Margin % Historical Data
* Premium members only.
The historical data trend for EPAM Systems's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Information Technology Services subindustry, EPAM Systems's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
EPAM Systems FCF Margin % vs Software Industry
For the Software industry and Technology sector, EPAM Systems's FCF Margin % distribution charts can be found below:
* The bar in red indicates where EPAM Systems's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
EPAM Systems (FRA:E3M) has a FCF Margin % of -3.87% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on EPAM Systems and its competitors. Over the past decade, EPAM Systems' FCF Margin % has ranged from 7.93 to 17.88. According to the industry distribution chart, EPAM Systems ranks #847 out of 2822 companies in the Software industry, placing it in the top 30%.
Is EPAM Systems' FCF Margin % too high?
EPAM Systems' current FCF Margin % is -3.87%. Over the past 10 years, this metric has ranged from a low of 7.93 to a high of 17.88. Based on the distribution chart, EPAM Systems ranks #847 out of 2822 companies in the Software industry, which is above the industry midpoint. Overall, EPAM Systems has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EPAM Systems' FCF Margin % compare to EXLS and SAIC?
According to the Software industry distribution chart, EPAM Systems ranks #847 out of 2822 companies for FCF Margin %. This puts EPAM Systems in the upper half of its industry. The industry median FCF Margin % is 2.32. Historically, EPAM Systems' own FCF Margin % has ranged from 7.93 to 17.88 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Software company?
The median FCF Margin % among Software companies is 2.32, based on 2,822 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on EPAM Systems and its competitors. For the Software industry, the median FCF Margin % is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPAM Systems's current FCF Margin % is -3.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EPAM Systems stock overvalued right now?
Based on GuruFocus' analysis, EPAM Systems (FRA:E3M) is currently considered Significantly Undervalued. The stock's GF Value™ is €227.50, compared to a current price of €78.76 — trading 65.4% below its estimated fair value. The current FCF Margin % is -3.87%. EPAM Systems' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For EPAM Systems (FRA:E3M), the current FCF Margin % is -3.87% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is EPAM Systems (FRA:E3M) Overvalued in 2026?
Based on GuruFocus' analysis, EPAM Systems stock appears to be undervalued.
The current stock price of €78.76 is trading 65.4% below its estimated GF Value™ of €227.50.
GuruFocus considers EPAM Systems to be Significantly Undervalued.
Key valuation signals for FRA:E3M:
FCF Margin %: -3.87%
GF Value™: €227.50 vs. price of €78.76 (65.4% below fair value)
No single metric tells the full story. See the FRA:E3M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EPAM Systems is a global IT services firm with a focus on platform engineering, software development, and consulting services. The company used to host large engineer bases in Ukraine, Belarus, and Russia, but it now delivers from various locations across different continents. EPAM's largest market is North America, which represents approximately 60% of revenue.
73GF Score
Get the complete analysis for FRA:E3M
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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