INFY vs WIT vs EXLS Stock Comparison

Infosys, Wipro and ExlService Holdings Prices as of Oct 23, 2026 Peers: Industry group
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
8 wins
WIT Wipro Ltd
$2.12 +26.2% 1M -21.8% 1Y
Market cap
$21.84B
P/E
15.5x
Revenue (TTM)
$10.37B
Div. yield
–
IT Services Technology

Head to Head

11 decided of 12

Infosys leads on 8 of the 12 questions below (Infosys 8, ExlService Holdings 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionINFYWITEXLSLeader
Larger companyMarket capitalisation $51.06B $21.84B $6.37B INFY
Cheaper on earningsLower P/E, profitable companies only 0.2x 15.5x 25.5x INFY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.0x 15.1x 19.6x INFY
Faster revenue growthRevenue growth, trailing twelve months +4,736.0% -0.4% +13.6% INFY
More profitableNet margin, trailing twelve months 32.3% 13.6% 11.2% INFY
Better return on capitalReturn on invested capital — 16.6% 21.0% EXLS
Less leveragedLower net debt / EBITDA 0.2x 0.4x 0.2x INFY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -29.8% -21.8% +2.4% EXLS
Better 5-year returnAnnualised price return, 5 years -11.8%/yr -14.9%/yr +11.2%/yr EXLS
Less volatileAnnualised volatility, 1 year 42.0% 46.6% 43.3% INFY
Higher overall scoreMean of the five percentile scores vs peers 83/100 50/100 64/100 INFY

Percentile Scorecard

INFYWITEXLS

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

AxisINFYWITEXLS
Valuation 100 #1 of 50 37 #32 of 50 16 #42 of 50
Growth 93 #4 of 45 14 #39 of 45 75 #12 of 45
Profitability 88 #6 of 41 93 #4 of 41 95 #3 of 41
Financial Health 66 #22 of 62 56 #28 of 62 59 #26 of 62
Shareholder Returns 69 #10 of 30 52 #15 of 30 72 #9 of 30
Overall 83 50 64
  • INFY ranked among 66 companies in Technology Services
  • WIT ranked among 66 companies in Technology Services
  • EXLS ranked among 66 companies in Technology Services

Price Performance

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

Returns

PeriodINFYWITEXLSSPY
1 month +14.5%+26.2%+21.4% -1.0%
3 months +10.7%+14.0%+52.9% +2.9%
6 months -4.3%+3.9%+39.1% +6.4%
Year to date -30.9%-25.4%-0.3% +11.4%
1 year -29.8%-21.8%+2.4% +13.1%
3 years -26.6%-6.8%+63.7% +79.4%
3 years, per year -9.8%-2.3%+17.9% +21.5%
5 years -46.5%-55.5%+70.2% +67.7%
5 years, per year -11.8%-14.9%+11.2% +10.9%
10 years +55.1%+15.6%+344.3% +255.2%
10 years, per year +4.5%+1.5%+16.1% +13.5%

Risk

MeasureINFYWITEXLSSPY
Volatility, 1Y 42.0%46.6%43.3% 12.7%
Downside volatility, 1Y 43.4%47.0%45.6% 12.7%
Beta vs S&P 500, 1Y 0.360.44-0.05 1.00
Return / volatility, 1Y -0.71-0.470.05 1.03
Max drawdown, 5Y -60.0%-66.8%-51.3% -25.4%
From 52-week high -39.1%-30.7%-2.5% -2.5%
52-week high $20.22$3.06$43.38 $779.14
52-week low $10.49$1.62$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.

MultipleINFYWITEXLS
P/E now vs peer median 0.2xmedian 17.7x 15.8xmedian 17.7x 25.8xmedian 17.7x
P/S now vs peer median 0.1xmedian 0.6x 2.1xmedian 0.6x 2.9xmedian 0.6x
EV/EBITDA now vs peer median 0.5xmedian 11.0x 11.3xmedian 11.0x 16.6xmedian 11.0x
P/FCF now vs peer median 2.4xmedian 12.3x 14.1xmedian 12.3x 23.3xmedian 12.3x
P/B now vs peer median 0.1xmedian 1.4x 2.7xmedian 1.4x 7.4xmedian 1.4x
PEG now vs peer median 0.00median 1.54 11.83median 1.54 1.50median 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 monthsINFYWITEXLS
Revenue $952.02B $10.37B $2.24B
Gross profit $133.02B $3.00B $861.62M
Operating income $86.76B $1.68B $333.32M
Net income $16.45B $1.43B $250.00M
Free cash flow $21.15B $1.57B $275.04M
EPS (diluted) $74.63 $0.13 $1.64
Cash & equivalents $243.50B $992.00M $126.72M
Total debt $47.85B $7.07B $381.16M
Shares (diluted) 4.12B 10.50B 152.83M
Enterprise value $38.59B $16.99B $5.11B

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
MetricINFYWITEXLS
P/E 0.2x 15.8x 25.8x
P/FCF 2.4x 14.1x 23.3x
P/Operating cash flow 2.7x 12.9x 19.6x
P/S 0.1x 2.1x 2.9x
P/B 0.1x 2.7x 7.4x
P/Tangible book 0.1x 2.9x 7.7x
EV/EBITDA 0.5x 11.3x 16.6x
EV/EBIT 0.9x 13.7x 19.5x
EV/Revenue 0.1x 2.2x 2.9x
EV/FCF 3.5x 14.7x 23.7x
EV/Operating cash flow 4.0x 13.3x 19.9x
PEG (3Y EPS CAGR) 0.00 11.83 1.50

Growth

14 metrics
MetricINFYWITEXLS
Revenue growth (1Y) 4,736% -0.4% 13.6%
Revenue CAGR (3Y) 34.8% -2.4% 13.2%
Gross profit growth (1Y) 2,114% -4.6% 15.0%
Gross profit CAGR (3Y) 186.2% -3.1% 14.8%
Operating income growth (1Y) 1,997% -4.6% 11.0%
Operating income CAGR (3Y) 180.8% -36.3% 13.9%
Net income growth (1Y) -4.7% -9.5% 5.8%
Net income CAGR (3Y) 15.4% 0.1% 13.4%
EPS growth (1Y) 116.2% -10.4% 13.7%
EPS CAGR (3Y) 34.4% 1.3% 17.2%
Operating cash flow growth (1Y) 127.6% -8.4% -0.1%
Operating cash flow CAGR (3Y) 1.4% -3.2% 22.9%
Free cash flow growth (1Y) -3.0% -9.1% -1.0%
Free cash flow CAGR (3Y) 5.3% -8.2% 28.1%

Profitability

14 metrics
MetricINFYWITEXLS
Gross margin 14.0% 28.9% 38.5%
EBITDA margin 14.6% 19.6% 17.6%
Operating margin 9.1% 16.2% 14.9%
Pretax margin 22.6% 17.9% 14.5%
Net margin 32.3% 13.6% 11.2%
FCF margin 2.2% 15.2% 12.3%
Operating cash flow margin 1.9% 16.7% 14.6%
Return on equity 31.0% 17.1% 30.4%
Return on assets 18.6% 10.1% 14.6%
Return on invested capital – 16.6% 21.0%
Return on capital employed 29.9% 17.6% 33.1%
Asset turnover 1.2x 0.7x 1.3x
Cash conversion (OCF / net income) 1.1x 1.2x 1.3x
Stock comp / revenue 0.0% 0.5% 4.1%

Financial Health

11 metrics
MetricINFYWITEXLS
Debt / assets 1.7% 13.6% 21.8%
Debt / equity 0.0x 0.2x 0.4x
Net debt / EBITDA 0.2x 0.4x 0.2x
Debt / FCF 1.3x 1.2x 1.4x
Liabilities / assets 39.1% 41.4% 50.4%
Equity / assets 60.9% 58.6% 49.6%
Interest coverage 41.8x 8.4x 18.3x
Current ratio 2.0x 1.7x 1.2x
Quick ratio 0.7x 0.6x 1.3x
Cash ratio 0.0x 0.3x 0.4x
Altman Z-score – 4.31 7.73

Shareholder Returns

7 metrics
MetricINFYWITEXLS
Dividend yield 4.2% 4.2% –
Net buyback yield – 0.0% 7.0%
Shareholder yield 4.2% 4.2% 7.0%
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.

ConsensusINFYWITEXLS
Forward P/E 15.0xFY2026 15.1xFY2026 19.6xFY2026
EPS, next fiscal year $0.82FY2026 $0.14FY2026 $2.16FY2026
EPS growth, next FY +2.5%FY2026 0.0%FY2026 +10.8%FY2026
EPS growth, the year after +7.3% -7.1% +26.4%
Revenue, next fiscal year $21.12BFY2026 $10.81BFY2026 $2.53BFY2026
Revenue growth, next FY +4.8%FY2026 +8.4%FY2026 +21.3%FY2026
Revenue growth, the year after -3.0% +1.1% +3.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersINFYWITEXLS
Held by institutions 13.2% 3.1% 100.0%
Institutions holding 431 297 442
Change in shares held, QoQ +18.7% -3.4% +1.7%
Institutions buying 218 175 211
Institutions selling 163 93 188
Buyers to sellers 1.34 1.88 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.

INFYWITEXLS
INFY 1.00 0.49 0.58
WIT 0.49 1.00 0.29
EXLS 0.58 0.29 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, INFY, WIT and EXLS?

Infosys (INFY) is the largest by market capitalisation: Infosys (INFY) $51.06B, Wipro (WIT) $21.84B, ExlService Holdings (EXLS) $6.37B.

Which stock is cheaper, INFY, WIT and EXLS?

Infosys (INFY) trades on the lowest price-to-earnings ratio (Infosys (INFY) 0.2x, Wipro (WIT) 15.5x, ExlService Holdings (EXLS) 25.5x). On next year's consensus earnings, Infosys (INFY) is cheapest (Infosys (INFY) 15.0x, Wipro (WIT) 15.1x, ExlService Holdings (EXLS) 19.6x). 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: Infosys (INFY) +4,736.0%, Wipro (WIT) -0.4%, ExlService Holdings (EXLS) +13.6%.

Which company is more profitable?

Infosys (INFY) has the highest net margin (Infosys (INFY) 32.3%, Wipro (WIT) 13.6%, ExlService Holdings (EXLS) 11.2%). On return on invested capital, ExlService Holdings (EXLS) leads (Wipro (WIT) 16.6%, ExlService Holdings (EXLS) 21.0%).

Which stock has performed better?

Over the past year ExlService Holdings (EXLS) returned the most: Infosys (INFY) -29.8%, Wipro (WIT) -21.8%, ExlService Holdings (EXLS) +2.4%. Over five years, ExlService Holdings (EXLS) compounded fastest (Infosys (INFY) -11.8%/yr, Wipro (WIT) -14.9%/yr, ExlService Holdings (EXLS) +11.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Infosys (INFY) has been the steadiest (Infosys (INFY) 42.0%, Wipro (WIT) 46.6%, ExlService Holdings (EXLS) 43.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, INFY, WIT 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, Infosys (INFY) leads on 8. 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.