INFY vs EXLS vs DXC Stock Comparison

Infosys, ExlService Holdings and DXC Technology Prices as of Nov 3, 2026 Peers: Industry group
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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
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

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.

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

Percentile Scorecard

INFYEXLSDXC

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

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

Price Performance

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

Returns

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

Risk

MeasureINFYEXLSDXCSPY
Volatility, 1Y 42.4%42.5%58.9% 12.8%
Downside volatility, 1Y 44.6%44.1%67.2% 12.8%
Beta vs S&P 500, 1Y 0.32-0.050.48 1.00
Return / volatility, 1Y -0.650.180.07 0.81
Max drawdown, 5Y -60.0%-51.3%-78.8% -25.4%
From 52-week high -41.0%-2.9%-15.5% -3.2%
52-week high $20.22$43.38$16.31 $779.14
52-week low $10.49$25.22$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.

MultipleINFYEXLSDXC
P/E now vs peer median 0.2xmedian 17.9x 24.5xmedian 17.9x 19.5xmedian 17.9x
P/S now vs peer median 2.4xmedian 0.7x 2.7xmedian 0.7x 0.2xmedian 0.7x
EV/EBITDA now vs peer median 0.9xmedian 9.5x 16.0xmedian 9.5x 2.0xmedian 9.5x
P/FCF now vs peer median 3.4xmedian 13.2x 23.5xmedian 13.2x 2.1xmedian 13.2x
P/B now vs peer median 0.0xmedian 1.5x 6.9xmedian 1.5x 0.6xmedian 1.5x
PEG now vs peer median 0.01median 1.16 1.39median 1.16 0.63median 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 monthsINFYEXLSDXC
Revenue $20.37B $2.34B $12.36B
Gross profit $6.19B $898.82M $2.75B
Operating income $4.14B $346.00M $636.00M
Net income $16.45B $260.61M $120.00M
Free cash flow $14.08B $271.19M $1.03B
EPS (diluted) $74.63 $1.71 $0.69
Cash & equivalents – $154.07M $1.60B
Total debt $27.97B $511.05M $3.06B
Shares (diluted) 4.12B 152.57M 161.99M
Enterprise value -$78.84B $5.36B -$4.72B

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

Growth

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

Profitability

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

Financial Health

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

Shareholder Returns

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

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

Institutional Ownership

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

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.

INFYEXLSDXC
INFY 1.00 0.59 0.53
EXLS 0.59 1.00 0.58
DXC 0.53 0.58 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, INFY, EXLS and DXC?

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

Which stock is cheaper, INFY, EXLS and DXC?

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

Which company is more profitable?

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

Which stock has performed better?

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

Which stock is riskier?

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

Which is the better stock, INFY, EXLS 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.