EPAM vs. PANW
EPAM (EPAM Systems, Inc.) and PANW (Palo Alto Networks, Inc.) are both stocks. Both are in the Technology sector — EPAM in Information Technology Services, PANW in Software - Infrastructure. Over the past 10 years, EPAM returned 2.97%/yr vs 29.12%/yr for PANW. At a 0.38 correlation, their price movements are largely independent.
Performance
EPAM vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, EPAM achieves a -53.45% return, which is significantly lower than PANW's 51.80% return. Over the past 10 years, EPAM has underperformed PANW with an annualized return of 2.97%, while PANW has yielded a comparatively higher 29.12% annualized return.
EPAM
- 1D
- 2.82%
- 1M
- 2.54%
- YTD
- -53.45%
- 6M
- -54.50%
- 1Y
- -44.14%
- 3Y*
- -24.19%
- 5Y*
- -28.44%
- 10Y*
- 2.97%
PANW
- 1D
- 0.03%
- 1M
- 15.15%
- YTD
- 51.80%
- 6M
- 45.87%
- 1Y
- 42.47%
- 3Y*
- 33.77%
- 5Y*
- 35.61%
- 10Y*
- 29.12%
EPAM vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPAM EPAM Systems, Inc. | -53.45% | -12.38% | -21.36% | -9.28% | -50.97% | 86.54% | 68.91% | 82.88% | 7.99% | 67.05% |
PANW Palo Alto Networks, Inc. | 51.80% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 15.91% |
Correlation
The correlation between EPAM and PANW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012 | 0.38 |
The correlation between EPAM and PANW shifts across timeframes, from 0.26 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
EPAM:
$5.17B
PANW:
$208.04B
EPAM:
$6.96
PANW:
$1.17
EPAM:
13.70
PANW:
238.46
EPAM:
0.95
PANW:
18.95
EPAM:
1.51
PANW:
7.52
EPAM:
$5.56B
PANW:
$10.61B
EPAM:
$1.58B
PANW:
$7.63B
EPAM:
$670.13M
PANW:
$1.33B
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Return for Risk
EPAM vs. PANW — Risk / Return Rank
EPAM
PANW
EPAM vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EPAM Systems, Inc. (EPAM) and Palo Alto Networks, Inc. (PANW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EPAM | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.21 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.16 | -1.93 |
| Martin ratioReturn relative to average drawdown | -1.66 | 2.62 | -4.28 |
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Drawdowns
EPAM vs. PANW - Drawdown Comparison
The maximum EPAM drawdown since its inception was -87.50%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for EPAM and PANW.
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Drawdown Indicators
| EPAM | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -47.98% | -39.52% |
Max Drawdown (1Y)Largest decline over 1 year | -59.49% | -36.01% | -23.48% |
Max Drawdown (3Y)Largest decline over 3 years | -71.49% | -36.01% | -35.48% |
Max Drawdown (5Y)Largest decline over 5 years | -87.50% | -36.01% | -51.49% |
Max Drawdown (10Y)Largest decline over 10 years | -87.50% | -47.98% | -39.52% |
Current DrawdownCurrent decline from peak | -86.71% | -6.94% | -79.77% |
Average DrawdownAverage peak-to-trough decline | -25.77% | -14.68% | -11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.61% | 15.87% | +11.74% |
Volatility
EPAM vs. PANW - Volatility Comparison
The current volatility for EPAM Systems, Inc. (EPAM) is 15.10%, while Palo Alto Networks, Inc. (PANW) has a volatility of 16.97%. This indicates that EPAM experiences smaller price fluctuations and is considered to be less risky than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPAM | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.10% | 16.97% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 37.74% | 32.33% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.61% | 38.96% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.30% | 41.72% | +12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.80% | 38.62% | +7.18% |
Dividends
EPAM vs. PANW - Dividend Comparison
Neither EPAM nor PANW has paid dividends to shareholders.
Financials
EPAM vs. PANW - Financials Comparison
This section allows you to compare key financial metrics between EPAM Systems, Inc. and Palo Alto Networks, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EPAM vs. PANW - Profitability Comparison
EPAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EPAM Systems, Inc. reported a gross profit of 388.01M and revenue of 1.40B. Therefore, the gross margin over that period was 27.7%.
PANW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported a gross profit of 2.03B and revenue of 3.00B. Therefore, the gross margin over that period was 67.6%.
EPAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EPAM Systems, Inc. reported an operating income of 116.77M and revenue of 1.40B, resulting in an operating margin of 8.3%.
PANW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported an operating income of -186.00M and revenue of 3.00B, resulting in an operating margin of -6.2%.
EPAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EPAM Systems, Inc. reported a net income of 82.52M and revenue of 1.40B, resulting in a net margin of 5.9%.
PANW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported a net income of -177.00M and revenue of 3.00B, resulting in a net margin of -5.9%.
Frequently Asked Questions
EPAM and PANW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANW has higher volatility (16.97%) compared to EPAM (15.10%). In terms of maximum drawdown, EPAM dropped -87.50% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (1.07 vs -1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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