COMPARE · Reviewed July 29, 2026
EPAM vs INOD
Verdict: Side-by-side breakdown using the Bull Rankings model. EPAM scored 82.6, INOD scored 77.9 — EPAM leads.
Compare another set
EPAM
EPAM Systems, Inc.
82.6
$106.89 · $5.6B
fundamentals as of
Score gap
4.7
EPAM leads
INOD
Innodata Inc.
77.9
$55.40 · $1.8B
fundamentals as of
The model, pillar by pillar (0–100 each)
EPAM
stronger →← stronger
INOD
72
Qualityreturns · margins · balance sheet
86
85
Growthrevenue & earnings expansion
100
93
Valuevaluation vs sector peers
55
INOD is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
EPAM
INOD
$544mC+
FCF
$62mC-
+14.2%B+
Rev
+40.1%A
0.08B+
D/E
0.03A-
15.4xA-
P/E
49.5xC+
0.49A
PEG
0.87B+
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
EPAM
INOD
17% below
Price vs fair valuelower is cheaper
24% above
~1%/yr
Growth the price implies10-yr FCF · lower = less priced in
~20%/yr
+13%
1-yr DCF upside
-39%
+20%
5-yr DCF upside
-19%
+32%
10-yr DCF upside
+20%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
EPAM
Why this score
- Buying back stock
INOD
Why this score
- Durable high returns
- Diluting shareholders
The companies
EPAMEPAM Systems, Inc.
Why now
Information Technology Services · market cap $5.6b. Down 52% from 52-week high of $222.53 — deep drawdown territory. Revenue growing +14%, comfortably above the S&P median. PEG 0.49 — paying under fair value for the growth rate. 17 sell-side analysts rate this a Buy with a mean 1-yr target of $135.24 (implying +27% upside).
Moat
ROE 11% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. FCF converts 141% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 52% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.43 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
INODInnodata Inc.
Why now
Information Technology Services · market cap $1.8b. Down 56% from 52-week high of $125.14 — deep drawdown territory. Revenue growing +40% — in hypergrowth territory. PEG 0.87 — paying under fair value for the growth rate. 4 sell-side analysts publish a mean 1-yr target of $122.75 (implying +122% upside).
Moat
Net margin 14% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 31% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 158% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 56% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.89 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Trailing P/E 49x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.