ADUR vs EPAM vs EXLS Stock Comparison

Aduro Clean Technologies, EPAM Systems and ExlService Holdings Prices as of Oct 28, 2026 Peers: Industry group
EPAM EPAM Systems, Inc.
$136.25 +26.6% 1M -15.8% 1Y
Market cap
$6.98B
P/E
17.4x
Revenue (TTM)
$5.62B
Div. yield
–
IT Services Technology
5 wins

Head to Head

11 decided of 12

ExlService Holdings leads on 6 of the 12 questions below (ExlService Holdings 6, EPAM Systems 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionADUREPAMEXLSLeader
Larger companyMarket capitalisation $334.25M $6.98B $6.22B EPAM
Cheaper on earningsLower P/E, profitable companies only -23.9x 17.4x 23.9x EPAM
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 9.9x 18.9x EPAM
Faster revenue growthRevenue growth, trailing twelve months — +10.8% +15.6% EXLS
More profitableNet margin, trailing twelve months — 7.2% 11.1% EXLS
Better return on capitalReturn on invested capital — 11.5% 19.9% EXLS
Less leveragedLower net debt / EBITDA — -1.1x 0.4x EPAM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -31.8% -15.8% -1.8% EXLS
Better 5-year returnAnnualised price return, 5 years — -27.4%/yr +10.7%/yr EXLS
Less volatileAnnualised volatility, 1 year 76.2% 53.6% 43.4% EXLS
Higher overall scoreMean of the five percentile scores vs peers 23/100 70/100 64/100 EPAM

Percentile Scorecard

ADUREPAMEXLS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisADUREPAMEXLS
Valuation 4 #47 of 49 56 #22 of 49 17 #41 of 49
Growth 11 #40 of 45 43 #26 of 45 75 #12 of 45
Profitability – 79 #9 of 39 95 #3 of 39
Financial Health 53 #29 of 60 88 #8 of 60 61 #24 of 60
Shareholder Returns – 86 #5 of 29 75 #8 of 29
Overall 23 70 64
  • ADUR ranked among 65 companies in Technology Services
  • EPAM ranked among 65 companies in Technology Services
  • EXLS ranked among 65 companies in Technology Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodADUREPAMEXLSSPY
1 month -19.2%+26.6%+17.7% +0.9%
3 months -21.5%+27.4%+13.1% +5.9%
6 months -15.5%+20.7%+30.6% +8.5%
Year to date -4.0%-33.5%-4.1% +13.3%
1 year -31.8%-15.8%-1.8% +12.4%
3 years —-35.3%+58.8% +88.1%
3 years, per year —-13.5%+16.7% +23.5%
5 years —-79.8%+66.0% +68.2%
5 years, per year —-27.4%+10.7% +11.0%
10 years —+110.0%+358.0% +263.4%
10 years, per year —+7.7%+16.4% +13.8%

Risk

MeasureADUREPAMEXLSSPY
Volatility, 1Y 76.2%53.6%43.4% 12.7%
Downside volatility, 1Y 69.0%61.1%45.3% 12.7%
Beta vs S&P 500, 1Y 2.640.42-0.07 1.00
Return / volatility, 1Y -0.42-0.30-0.04 0.98
Max drawdown, 5Y -47.2%-89.4%-51.3% -25.4%
From 52-week high -42.0%-38.5%-6.1% -0.9%
52-week high $17.16$221.40$43.38 $779.14
52-week low $9.19$76.04$25.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleADUREPAMEXLS
P/E now vs peer median -22.8xmedian 17.7x 17.7xmedian 17.7x 23.7xmedian 17.7x
P/S now vs peer median 3,986xmedian 0.7x 1.3xmedian 0.7x 2.6xmedian 0.7x
EV/EBITDA now vs peer median -9.0xmedian 10.7x 9.1xmedian 10.7x 15.5xmedian 10.7x
P/FCF now vs peer median -26.3xmedian 11.0x 14.6xmedian 11.0x 22.7xmedian 11.0x
P/B now vs peer median 7.6xmedian 1.5x 2.0xmedian 1.5x 6.6xmedian 1.5x
PEG now vs peer median —median 1.35 -3.42median 1.35 1.35median 1.35

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsADUREPAMEXLS
Revenue – $5.62B $2.34B
Gross profit – $1.65B $898.82M
Operating income – $563.19M $346.00M
Net income -$14.01M $401.67M $260.61M
Free cash flow -$12.80M $482.64M $271.19M
R&D $4.97M – –
EPS (diluted) – $7.68 $1.71
Cash & equivalents $47.31M $789.40M $154.07M
Total debt – $25.00M $511.05M
Shares (diluted) – 52.27M 152.57M
Enterprise value $221.05M $2.62B $5.02B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricADUREPAMEXLS
P/E -22.8x 17.7x 23.7x
P/FCF -26.3x 14.6x 22.7x
P/Operating cash flow -31.1x 13.0x 18.9x
P/S 3,986x 1.3x 2.6x
P/B 7.6x 2.0x 6.6x
P/Tangible book 7.6x 2.2x 7.4x
EV/EBITDA -9.0x 9.1x 15.5x
EV/EBIT -8.8x 11.1x 18.3x
EV/Revenue – 1.1x 2.7x
EV/FCF -22.6x 13.0x 23.3x
EV/Operating cash flow -26.8x 11.6x 19.4x
PEG (3Y EPS CAGR) – -3.42 1.35

Growth

14 metrics
MetricADUREPAMEXLS
Revenue growth (1Y) – 10.8% 15.6%
Revenue CAGR (3Y) – 5.1% 13.7%
Gross profit growth (1Y) – 8.5% 16.0%
Gross profit CAGR (3Y) – 2.9% 14.9%
Operating income growth (1Y) – 4.4% 12.7%
Operating income CAGR (3Y) – -2.9% 13.7%
Net income growth (1Y) 6.4% 0.1% 7.9%
Net income CAGR (3Y) – -9.0% 14.0%
EPS growth (1Y) – 8.3% 14.4%
EPS CAGR (3Y) – -5.2% 17.6%
Operating cash flow growth (1Y) -85.9% 19.8% -3.7%
Operating cash flow CAGR (3Y) – -4.3% 18.3%
Free cash flow growth (1Y) -64.6% 17.8% -5.5%
Free cash flow CAGR (3Y) – -4.8% 23.7%

Profitability

14 metrics
MetricADUREPAMEXLS
Gross margin – 29.4% 38.4%
EBITDA margin – 12.3% 17.5%
Operating margin – 10.0% 14.8%
Pretax margin – 9.8% 14.4%
Net margin – 7.2% 11.1%
FCF margin – 8.6% 11.6%
Operating cash flow margin – 9.6% 13.9%
Return on equity -116.0% 11.6% 29.0%
Return on assets -85.7% 8.7% 13.6%
Return on invested capital – 11.5% 19.9%
Return on capital employed – 14.7% 23.6%
Asset turnover – 1.2x 1.2x
Cash conversion (OCF / net income) 0.8x 1.3x 1.3x
Stock comp / revenue – 3.3% 4.0%

Financial Health

11 metrics
MetricADUREPAMEXLS
Debt / assets – 0.5% 24.6%
Debt / equity – 0.0x 0.6x
Net debt / EBITDA – -1.1x 0.4x
Debt / FCF – 0.1x 1.9x
Liabilities / assets 18.5% 23.1% 55.2%
Equity / assets 81.5% 76.9% 44.8%
Interest coverage -2,207x – 17.6x
Current ratio – 2.8x 2.2x
Quick ratio – 2.6x 2.2x
Cash ratio – 1.0x 0.7x
Altman Z-score – 6.63 6.37

Shareholder Returns

7 metrics
MetricADUREPAMEXLS
Dividend yield – – –
Net buyback yield – 9.7% 5.1%
Shareholder yield – 9.7% 5.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusADUREPAMEXLS
Forward P/E – 9.9xFY2026 18.9xFY2026
EPS, next fiscal year – $13.81FY2026 $2.16FY2026
EPS growth, next FY – +20.1%FY2026 +10.8%FY2026
EPS growth, the year after – +8.5% +26.4%
Revenue, next fiscal year – $6.04BFY2026 $2.53BFY2026
Revenue growth, next FY – +10.6%FY2026 +21.3%FY2026
Revenue growth, the year after – +0.9% +3.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersADUREPAMEXLS
Held by institutions 2.7% 100.0% 100.0%
Institutions holding 41 438 442
Change in shares held, QoQ +27.3% +0.7% +1.7%
Institutions buying 30 232 211
Institutions selling 6 160 188
Buyers to sellers 5.00 1.45 1.12

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ADUREPAMEXLS
ADUR 1.00 0.06 0.05
EPAM 0.06 1.00 0.63
EXLS 0.05 0.63 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ADUR, EPAM and EXLS?

EPAM Systems (EPAM) is the largest by market capitalisation: Aduro Clean Technologies (ADUR) $334.25M, EPAM Systems (EPAM) $6.98B, ExlService Holdings (EXLS) $6.22B.

Which stock is cheaper, ADUR, EPAM and EXLS?

EPAM Systems (EPAM) trades on the lowest price-to-earnings ratio (Aduro Clean Technologies (ADUR) -23.9x, EPAM Systems (EPAM) 17.4x, ExlService Holdings (EXLS) 23.9x). On next year's consensus earnings, EPAM Systems (EPAM) is cheapest (EPAM Systems (EPAM) 9.9x, ExlService Holdings (EXLS) 18.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

ExlService Holdings (EXLS) grew revenue fastest over the trailing twelve months: EPAM Systems (EPAM) +10.8%, ExlService Holdings (EXLS) +15.6%.

Which company is more profitable?

ExlService Holdings (EXLS) has the highest net margin (EPAM Systems (EPAM) 7.2%, ExlService Holdings (EXLS) 11.1%). On return on invested capital, ExlService Holdings (EXLS) leads (EPAM Systems (EPAM) 11.5%, ExlService Holdings (EXLS) 19.9%).

Which stock has performed better?

Over the past year ExlService Holdings (EXLS) returned the most: Aduro Clean Technologies (ADUR) -31.8%, EPAM Systems (EPAM) -15.8%, ExlService Holdings (EXLS) -1.8%. Over five years, ExlService Holdings (EXLS) compounded fastest (EPAM Systems (EPAM) -27.4%/yr, ExlService Holdings (EXLS) +10.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, ExlService Holdings (EXLS) has been the steadiest (Aduro Clean Technologies (ADUR) 76.2%, EPAM Systems (EPAM) 53.6%, ExlService Holdings (EXLS) 43.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ADUR, EPAM and EXLS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, ExlService Holdings (EXLS) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.