DXC vs EXLS vs INFY Stock Comparison

DXC Technology, ExlService Holdings and Infosys Prices as of Nov 3, 2026 Peers: Industry group
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DXC DXC Technology Co
$13.79 +24.2% 1M +3.9% 1Y
Market cap
$2.35B
P/E
21.0x
Revenue (TTM)
$12.36B
Div. yield
–
IT Services Technology
1 win
INFY Infosys Ltd
$11.92 +8.2% 1M -27.4% 1Y
Market cap
$50.42B
P/E
0.2x
Revenue (TTM)
$20.37B
Div. yield
–
IT Services Technology
6 wins

Head to Head

11 decided of 12

Infosys leads on 6 of the 12 questions below (Infosys 6, ExlService Holdings 4, DXC Technology 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDXCEXLSINFYLeader
Larger companyMarket capitalisation $2.35B $6.56B $50.42B INFY
Cheaper on earningsLower P/E, profitable companies only 21.0x 25.2x 0.2x INFY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.0x 19.5x 14.5x DXC
Faster revenue growthRevenue growth, trailing twelve months -2.8% +15.6% +3.5% EXLS
More profitableNet margin, trailing twelve months 0.9% 11.1% 1,509.7% INFY
Better return on capitalReturn on invested capital 2.5% 19.9% — EXLS
Less leveragedLower net debt / EBITDA 0.8x 0.4x 0.0x INFY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +3.9% +7.6% -27.4% EXLS
Better 5-year returnAnnualised price return, 5 years -16.4%/yr +9.4%/yr -12.1%/yr EXLS
Less volatileAnnualised volatility, 1 year 58.9% 42.5% 42.4% INFY
Higher overall scoreMean of the five percentile scores vs peers 61/100 66/100 74/100 INFY

Percentile Scorecard

DXCEXLSINFY

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

AxisDXCEXLSINFY
Valuation 100 #1 of 52 24 #40 of 52 88 #7 of 52
Growth 20 #37 of 46 84 #8 of 46 29 #33 of 46
Profitability 59 #18 of 42 90 #5 of 42 95 #3 of 42
Financial Health 30 #43 of 61 62 #24 of 61 83 #11 of 61
Shareholder Returns 97 #2 of 30 69 #10 of 30 72 #9 of 30
Overall 61 66 74
  • DXC ranked among 65 companies in Technology Services
  • EXLS ranked among 65 companies in Technology Services
  • INFY ranked among 65 companies in Technology Services

Price Performance

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

Returns

PeriodDXCEXLSINFYSPY
1 month +24.2%+17.8%+8.2% -2.0%
3 months +25.4%+22.5%-5.4% -2.2%
6 months +16.3%+34.8%-4.3% +4.2%
Year to date -5.9%-0.7%-33.1% +10.6%
1 year +3.9%+7.6%-27.4% +10.4%
3 years -38.2%+58.0%-28.5% +73.6%
3 years, per year -14.8%+16.5%-10.6% +20.2%
5 years -59.2%+56.4%-47.5% +61.6%
5 years, per year -16.4%+9.4%-12.1% +10.1%
10 years -74.2%+377.7%+59.4% +261.3%
10 years, per year -12.7%+16.9%+4.8% +13.7%

Risk

MeasureDXCEXLSINFYSPY
Volatility, 1Y 58.9%42.5%42.4% 12.8%
Downside volatility, 1Y 67.2%44.1%44.6% 12.8%
Beta vs S&P 500, 1Y 0.48-0.050.32 1.00
Return / volatility, 1Y 0.070.18-0.65 0.81
Max drawdown, 5Y -78.8%-51.3%-60.0% -25.4%
From 52-week high -15.5%-2.9%-41.0% -3.2%
52-week high $16.31$43.38$20.22 $779.14
52-week low $8.22$25.22$10.49 $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.

MultipleDXCEXLSINFY
P/E now vs peer median 19.5xmedian 17.9x 24.5xmedian 17.9x 0.2xmedian 17.9x
P/S now vs peer median 0.2xmedian 0.7x 2.7xmedian 0.7x 2.4xmedian 0.7x
EV/EBITDA now vs peer median 2.0xmedian 9.5x 16.0xmedian 9.5x 0.9xmedian 9.5x
P/FCF now vs peer median 2.1xmedian 13.2x 23.5xmedian 13.2x 3.4xmedian 13.2x
P/B now vs peer median 0.6xmedian 1.5x 6.9xmedian 1.5x 0.0xmedian 1.5x
PEG now vs peer median 0.63median 1.16 1.39median 1.16 0.01median 1.16

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 monthsDXCEXLSINFY
Revenue $12.36B $2.34B $20.37B
Gross profit $2.75B $898.82M $6.19B
Operating income $636.00M $346.00M $4.14B
Net income $120.00M $260.61M $16.45B
Free cash flow $1.03B $271.19M $14.08B
EPS (diluted) $0.69 $1.71 $74.63
Cash & equivalents $1.60B $154.07M –
Total debt $3.06B $511.05M $27.97B
Shares (diluted) 161.99M 152.57M 4.12B
Enterprise value -$4.72B $5.36B -$78.84B

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
MetricDXCEXLSINFY
P/E 19.5x 24.5x 0.2x
P/FCF 2.1x 23.5x 3.4x
P/Operating cash flow 1.7x 19.5x 3.5x
P/S 0.2x 2.7x 2.4x
P/B 0.6x 6.9x 0.0x
P/Tangible book 1.1x 7.7x 0.0x
EV/EBITDA 2.0x 16.0x 0.9x
EV/EBIT 5.7x 18.9x 12.1x
EV/Revenue 0.3x 2.8x 2.5x
EV/FCF 3.5x 24.1x 3.6x
EV/Operating cash flow 2.8x 20.1x 3.6x
PEG (3Y EPS CAGR) 0.63 1.39 0.01

Growth

14 metrics
MetricDXCEXLSINFY
Revenue growth (1Y) -2.8% 15.6% 3.5%
Revenue CAGR (3Y) -4.2% 13.7% -62.6%
Gross profit growth (1Y) -11.9% 16.0% 3.1%
Gross profit CAGR (3Y) -4.4% 14.9% 3.0%
Operating income growth (1Y) -29.2% 12.7% 0.1%
Operating income CAGR (3Y) 45.4% 13.7% 1.9%
Net income growth (1Y) -68.8% 7.9% -4.7%
Net income CAGR (3Y) 30.4% 14.0% 15.4%
EPS growth (1Y) -66.8% 14.4% 116.2%
EPS CAGR (3Y) 31.0% 17.6% 18.6%
Operating cash flow growth (1Y) -17.4% -3.7% -26.2%
Operating cash flow CAGR (3Y) -3.1% 18.3% -8.2%
Free cash flow growth (1Y) -21.6% -5.5% -25.7%
Free cash flow CAGR (3Y) -4.6% 23.7% -8.0%

Profitability

14 metrics
MetricDXCEXLSINFY
Gross margin 22.3% 38.4% 30.4%
EBITDA margin 14.3% 17.5% 276.3%
Operating margin 5.1% 14.8% 20.3%
Pretax margin 3.4% 14.4% 22.2%
Net margin 0.9% 11.1% 1,510%
FCF margin 8.3% 11.6% 69.1%
Operating cash flow margin 10.4% 13.9% 67.6%
Return on equity 3.3% 29.0% 0.7%
Return on assets 0.9% 13.6% –
Return on invested capital 2.5% 19.9% –
Return on capital employed 7.7% 23.6% –
Asset turnover 1.0x 1.2x –
Cash conversion (OCF / net income) 10.7x 1.3x 0.8x
Stock comp / revenue 0.6% 4.0% 0.0%

Financial Health

11 metrics
MetricDXCEXLSINFY
Debt / assets 25.1% 24.6% –
Debt / equity 0.9x 0.6x 0.0x
Net debt / EBITDA 0.8x 0.4x 0.0x
Debt / FCF 3.0x 1.9x 2.0x
Liabilities / assets 72.8% 55.2% –
Equity / assets 27.2% 44.8% –
Interest coverage 2.9x 17.6x 86.3x
Current ratio 1.1x 2.2x –
Quick ratio 1.0x 2.2x –
Cash ratio 0.4x 0.7x –
Altman Z-score 1.12 6.48 –

Shareholder Returns

7 metrics
MetricDXCEXLSINFY
Dividend yield – – 4.4%
Net buyback yield 12.0% 5.0% –
Shareholder yield 12.0% 5.0% 4.4%
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.

ConsensusDXCEXLSINFY
Forward P/E 5.0xFY2026 19.5xFY2026 14.5xFY2026
EPS, next fiscal year $2.76FY2026 $2.16FY2026 $0.82FY2026
EPS growth, next FY -14.6%FY2026 +10.8%FY2026 +2.5%FY2026
EPS growth, the year after +1.1% +26.4% +8.5%
Revenue, next fiscal year $12.88BFY2026 $2.53BFY2026 $21.28BFY2026
Revenue growth, next FY +1.9%FY2026 +21.3%FY2026 +5.6%FY2026
Revenue growth, the year after -9.8% +3.5% -3.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDXCEXLSINFY
Held by institutions 100.0% 100.0% 13.2%
Institutions holding 437 442 432
Change in shares held, QoQ +8.7% +1.7% +18.7%
Institutions buying 215 211 218
Institutions selling 113 188 164
Buyers to sellers 1.90 1.12 1.33

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.

DXCEXLSINFY
DXC 1.00 0.58 0.53
EXLS 0.58 1.00 0.59
INFY 0.53 0.59 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, DXC, EXLS and INFY?

Infosys (INFY) is the largest by market capitalisation: DXC Technology (DXC) $2.35B, ExlService Holdings (EXLS) $6.56B, Infosys (INFY) $50.42B.

Which stock is cheaper, DXC, EXLS and INFY?

Infosys (INFY) trades on the lowest price-to-earnings ratio (DXC Technology (DXC) 21.0x, ExlService Holdings (EXLS) 25.2x, Infosys (INFY) 0.2x). On next year's consensus earnings, DXC Technology (DXC) is cheapest (DXC Technology (DXC) 5.0x, ExlService Holdings (EXLS) 19.5x, Infosys (INFY) 14.5x). 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: DXC Technology (DXC) -2.8%, ExlService Holdings (EXLS) +15.6%, Infosys (INFY) +3.5%.

Which company is more profitable?

Infosys (INFY) has the highest net margin (DXC Technology (DXC) 0.9%, ExlService Holdings (EXLS) 11.1%, Infosys (INFY) 1,509.7%). On return on invested capital, ExlService Holdings (EXLS) leads (DXC Technology (DXC) 2.5%, ExlService Holdings (EXLS) 19.9%).

Which stock has performed better?

Over the past year ExlService Holdings (EXLS) returned the most: DXC Technology (DXC) +3.9%, ExlService Holdings (EXLS) +7.6%, Infosys (INFY) -27.4%. Over five years, ExlService Holdings (EXLS) compounded fastest (DXC Technology (DXC) -16.4%/yr, ExlService Holdings (EXLS) +9.4%/yr, Infosys (INFY) -12.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Infosys (INFY) has been the steadiest (DXC Technology (DXC) 58.9%, ExlService Holdings (EXLS) 42.5%, Infosys (INFY) 42.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DXC, EXLS and INFY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Infosys (INFY) 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.