| Stage | EPAM | % of rev | IBM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.4B | 100.00% | $17.1B | 100.00% | IBM ×11.99 |
| Gross profit | $446M | 31.26% | $9.7B | 56.80% | IBM +25.5pp |
| Operating income | $176M | 12.33% | $3.0B | 17.48% | IBM +5.1pp |
| Pre-tax income | $176M | 12.36% | $2.5B | 14.60% | IBM +2.2pp |
| Net income | $130M | 9.14% | $2.2B | 12.80% | IBM +3.7pp |
| Stage | EPAM | IBM | Gap · A − B |
|---|---|---|---|
| Revenue | $1.4B100.00% | $17.1B100.00% | IBM ×11.99 |
| Gross profit | 31.26%$446M | 56.80%$9.7B | IBM +25.5pp |
| Operating income | 12.33%$176M | 17.48%$3.0B | IBM +5.1pp |
| Pre-tax income | 12.36%$176M | 14.60%$2.5B | IBM +2.2pp |
| Net income |
| 9.14%$130M |
| 12.80%$2.2B |
| IBM +3.7pp |
No shared counterparties.