EXLS vs INFY vs DXC Stock Comparison

ExlService Holdings, Infosys and DXC Technology Prices as of Oct 23, 2026 Peers: Industry group
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INFY Infosys Ltd
$12.31 +14.5% 1M -29.8% 1Y
Market cap
$51.06B
P/E
0.2x
Revenue (TTM)
$952.02B
Div. yield
–
IT Services Technology
6 wins
DXC DXC Technology Co
$16.10 +47.7% 1M +20.4% 1Y
Market cap
$2.66B
P/E
21.4x
Revenue (TTM)
$12.48B
Div. yield
–
IT Services Technology
3 wins

Head to Head

11 decided of 12

Infosys leads on 6 of the 12 questions below (Infosys 6, DXC Technology 3, ExlService Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEXLSINFYDXCLeader
Larger companyMarket capitalisation $6.37B $51.06B $2.66B INFY
Cheaper on earningsLower P/E, profitable companies only 25.5x 0.2x 21.4x INFY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.6x 15.0x 5.9x DXC
Faster revenue growthRevenue growth, trailing twelve months +13.6% +4,736.0% -2.4% INFY
More profitableNet margin, trailing twelve months 11.2% 32.3% 1.0% INFY
Better return on capitalReturn on invested capital 21.0% — -37.1% EXLS
Less leveragedLower net debt / EBITDA 0.2x 0.2x -0.2x DXC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +2.4% -29.8% +20.4% DXC
Better 5-year returnAnnualised price return, 5 years +11.2%/yr -11.8%/yr -14.2%/yr EXLS
Less volatileAnnualised volatility, 1 year 43.3% 42.0% 59.3% INFY
Higher overall scoreMean of the five percentile scores vs peers 64/100 83/100 52/100 INFY

Percentile Scorecard

EXLSINFYDXC

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

AxisEXLSINFYDXC
Valuation 16 #42 of 50 100 #1 of 50 86 #8 of 50
Growth 75 #12 of 45 93 #4 of 45 23 #35 of 45
Profitability 95 #3 of 41 88 #6 of 41 35 #27 of 41
Financial Health 59 #26 of 62 66 #22 of 62 21 #49 of 62
Shareholder Returns 72 #9 of 30 69 #10 of 30 97 #2 of 30
Overall 64 83 52
  • EXLS ranked among 66 companies in Technology Services
  • INFY ranked among 66 companies in Technology Services
  • DXC ranked among 66 companies in Technology Services

Price Performance

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

Returns

PeriodEXLSINFYDXCSPY
1 month +21.4%+14.5%+47.7% -1.0%
3 months +52.9%+10.7%+60.2% +2.9%
6 months +39.1%-4.3%+35.5% +6.4%
Year to date -0.3%-30.9%+9.9% +11.4%
1 year +2.4%-29.8%+20.4% +13.1%
3 years +63.7%-26.6%-19.1% +79.4%
3 years, per year +17.9%-9.8%-6.8% +21.5%
5 years +70.2%-46.5%-53.4% +67.7%
5 years, per year +11.2%-11.8%-14.2% +10.9%
10 years +344.3%+55.1%-71.0% +255.2%
10 years, per year +16.1%+4.5%-11.6% +13.5%

Risk

MeasureEXLSINFYDXCSPY
Volatility, 1Y 43.3%42.0%59.3% 12.7%
Downside volatility, 1Y 45.6%43.4%66.5% 12.7%
Beta vs S&P 500, 1Y -0.050.360.48 1.00
Return / volatility, 1Y 0.05-0.710.34 1.03
Max drawdown, 5Y -51.3%-60.0%-78.8% -25.4%
From 52-week high -2.5%-39.1%0.0% -2.5%
52-week high $43.38$20.22$16.10 $779.14
52-week low $25.22$10.49$8.22 $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.

MultipleEXLSINFYDXC
P/E now vs peer median 25.8xmedian 17.7x 0.2xmedian 17.7x 21.1xmedian 17.7x
P/S now vs peer median 2.9xmedian 0.6x 0.1xmedian 0.6x 0.2xmedian 0.6x
EV/EBITDA now vs peer median 16.6xmedian 11.0x 0.5xmedian 11.0x -0.5xmedian 11.0x
P/FCF now vs peer median 23.3xmedian 12.3x 2.4xmedian 12.3x 2.1xmedian 12.3x
P/B now vs peer median 7.4xmedian 1.4x 0.1xmedian 1.4x 0.8xmedian 1.4x
PEG now vs peer median 1.50median 1.54 0.00median 1.54 0.68median 1.54

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 monthsEXLSINFYDXC
Revenue $2.24B $952.02B $12.48B
Gross profit $861.62M $133.02B $2.87B
Operating income $333.32M $86.76B -$9.12B
Net income $250.00M $16.45B $136.00M
Free cash flow $275.04M $21.15B $1.25B
EPS (diluted) $1.64 $74.63 $0.75
Cash & equivalents $126.72M $243.50B $2.00B
Total debt $381.16M $47.85B $3.50B
Shares (diluted) 152.83M 4.12B 166.27M
Enterprise value $5.11B $38.59B -$4.70B

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
MetricEXLSINFYDXC
P/E 25.8x 0.2x 21.1x
P/FCF 23.3x 2.4x 2.1x
P/Operating cash flow 19.6x 2.7x 1.7x
P/S 2.9x 0.1x 0.2x
P/B 7.4x 0.1x 0.8x
P/Tangible book 7.7x 0.1x 1.4x
EV/EBITDA 16.6x 0.5x -0.5x
EV/EBIT 19.5x 0.9x -0.4x
EV/Revenue 2.9x 0.1x 0.3x
EV/FCF 23.7x 3.5x 3.3x
EV/Operating cash flow 19.9x 4.0x 2.8x
PEG (3Y EPS CAGR) 1.50 0.00 0.68

Growth

14 metrics
MetricEXLSINFYDXC
Revenue growth (1Y) 13.6% 4,736% -2.4%
Revenue CAGR (3Y) 13.2% 34.8% -4.1%
Gross profit growth (1Y) 15.0% 2,114% -9.2%
Gross profit CAGR (3Y) 14.8% 186.2% -2.9%
Operating income growth (1Y) 11.0% 1,997% -1.3%
Operating income CAGR (3Y) 13.9% 180.8% 8.6%
Net income growth (1Y) 5.8% -4.7% -65.0%
Net income CAGR (3Y) 13.4% 15.4% 30.4%
EPS growth (1Y) 13.7% 116.2% -63.6%
EPS CAGR (3Y) 17.2% 34.4% 31.1%
Operating cash flow growth (1Y) -0.1% 127.6% 10.0%
Operating cash flow CAGR (3Y) 22.9% 1.4% 2.4%
Free cash flow growth (1Y) -1.0% -3.0% 13.5%
Free cash flow CAGR (3Y) 28.1% 5.3% 3.6%

Profitability

14 metrics
MetricEXLSINFYDXC
Gross margin 38.5% 14.0% 23.0%
EBITDA margin 17.6% 14.6% -63.9%
Operating margin 14.9% 9.1% -73.1%
Pretax margin 14.5% 22.6% 3.9%
Net margin 11.2% 32.3% 1.0%
FCF margin 12.3% 2.2% 10.0%
Operating cash flow margin 14.6% 1.9% 11.9%
Return on equity 30.4% 31.0% 4.2%
Return on assets 14.6% 18.6% 1.1%
Return on invested capital 21.0% – -37.1%
Return on capital employed 33.1% 29.9% -101.4%
Asset turnover 1.3x 1.2x 1.0x
Cash conversion (OCF / net income) 1.3x 1.1x 10.9x
Stock comp / revenue 4.1% 0.0% 0.6%

Financial Health

11 metrics
MetricEXLSINFYDXC
Debt / assets 21.8% 1.7% 27.1%
Debt / equity 0.4x 0.0x 1.1x
Net debt / EBITDA 0.2x 0.2x -0.2x
Debt / FCF 1.4x 1.3x 2.8x
Liabilities / assets 50.4% 39.1% 74.3%
Equity / assets 49.6% 60.9% 25.7%
Interest coverage 18.3x 41.8x -42.0x
Current ratio 1.2x 2.0x 1.4x
Quick ratio 1.3x 0.7x 1.2x
Cash ratio 0.4x 0.0x 0.5x
Altman Z-score 7.73 – -1.34

Shareholder Returns

7 metrics
MetricEXLSINFYDXC
Dividend yield – 4.2% –
Net buyback yield 7.0% – 10.6%
Shareholder yield 7.0% 4.2% 10.6%
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.

ConsensusEXLSINFYDXC
Forward P/E 19.6xFY2026 15.0xFY2026 5.9xFY2026
EPS, next fiscal year $2.16FY2026 $0.82FY2026 $2.75FY2026
EPS growth, next FY +10.8%FY2026 +2.5%FY2026 -14.9%FY2026
EPS growth, the year after +26.4% +7.3% +1.5%
Revenue, next fiscal year $2.53BFY2026 $21.12BFY2026 $12.87BFY2026
Revenue growth, next FY +21.3%FY2026 +4.8%FY2026 +1.8%FY2026
Revenue growth, the year after +3.5% -3.0% -9.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEXLSINFYDXC
Held by institutions 100.0% 13.2% 100.0%
Institutions holding 442 431 435
Change in shares held, QoQ +1.7% +18.7% +8.7%
Institutions buying 211 218 213
Institutions selling 188 163 113
Buyers to sellers 1.12 1.34 1.88

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.

EXLSINFYDXC
EXLS 1.00 0.58 0.55
INFY 0.58 1.00 0.52
DXC 0.55 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EXLS, INFY and DXC?

Infosys (INFY) is the largest by market capitalisation: ExlService Holdings (EXLS) $6.37B, Infosys (INFY) $51.06B, DXC Technology (DXC) $2.66B.

Which stock is cheaper, EXLS, INFY and DXC?

Infosys (INFY) trades on the lowest price-to-earnings ratio (ExlService Holdings (EXLS) 25.5x, Infosys (INFY) 0.2x, DXC Technology (DXC) 21.4x). On next year's consensus earnings, DXC Technology (DXC) is cheapest (ExlService Holdings (EXLS) 19.6x, Infosys (INFY) 15.0x, DXC Technology (DXC) 5.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Infosys (INFY) grew revenue fastest over the trailing twelve months: ExlService Holdings (EXLS) +13.6%, Infosys (INFY) +4,736.0%, DXC Technology (DXC) -2.4%.

Which company is more profitable?

Infosys (INFY) has the highest net margin (ExlService Holdings (EXLS) 11.2%, Infosys (INFY) 32.3%, DXC Technology (DXC) 1.0%). On return on invested capital, ExlService Holdings (EXLS) leads (ExlService Holdings (EXLS) 21.0%, DXC Technology (DXC) -37.1%).

Which stock has performed better?

Over the past year DXC Technology (DXC) returned the most: ExlService Holdings (EXLS) +2.4%, Infosys (INFY) -29.8%, DXC Technology (DXC) +20.4%. Over five years, ExlService Holdings (EXLS) compounded fastest (ExlService Holdings (EXLS) +11.2%/yr, Infosys (INFY) -11.8%/yr, DXC Technology (DXC) -14.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Infosys (INFY) has been the steadiest (ExlService Holdings (EXLS) 43.3%, Infosys (INFY) 42.0%, DXC Technology (DXC) 59.3%). Volatility measures how widely the price swings, not the risk of the business.

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

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.