WIT vs INFY vs FORTY Stock Comparison

Wipro, Infosys and Formula Systems (1985) Prices as of Oct 26, 2026 Peers: Industry group
WIT Wipro Ltd
$2.08 +26.1% 1M -22.7% 1Y
Market cap
$21.32B
P/E
15.1x
Revenue (TTM)
$10.37B
Div. yield
–
IT Services Technology
2 wins
INFY Infosys Ltd
$12.43 +18.2% 1M -28.9% 1Y
Market cap
$49.91B
P/E
0.2x
Revenue (TTM)
$952.02B
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, Formula Systems (1985) 3, Wipro 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWITINFYFORTYLeader
Larger companyMarket capitalisation $21.32B $49.91B $1.96B INFY
Cheaper on earningsLower P/E, profitable companies only 15.1x 0.2x 3.1x INFY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.9x 15.2x — WIT
Faster revenue growthRevenue growth, trailing twelve months -0.4% +4,736.0% +24.8% INFY
More profitableNet margin, trailing twelve months 13.6% 32.3% 21.6% INFY
Better return on capitalReturn on invested capital 16.6% — 10.1% WIT
Less leveragedLower net debt / EBITDA 0.4x 0.2x — INFY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 11.85% –
Better 1-year returnPrice return, last 12 months -22.7% -28.9% -9.7% FORTY
Better 5-year returnAnnualised price return, 5 years -14.6%/yr -11.2%/yr +3.8%/yr FORTY
Less volatileAnnualised volatility, 1 year 46.7% 42.0% 55.4% INFY
Higher overall scoreMean of the five percentile scores vs peers 50/100 83/100 87/100 FORTY

Percentile Scorecard

WITINFYFORTY

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

AxisWITINFYFORTY
Valuation 39 #31 of 50 100 #1 of 50 98 #2 of 50
Growth 14 #39 of 45 93 #4 of 45 91 #5 of 45
Profitability 93 #4 of 41 88 #6 of 41 83 #8 of 41
Financial Health 56 #28 of 62 66 #22 of 62 62 #24 of 62
Shareholder Returns 52 #15 of 30 69 #10 of 30 100 #1 of 30
Overall 50 83 87
  • WIT ranked among 66 companies in Technology Services
  • INFY ranked among 66 companies in Technology Services
  • FORTY ranked among 66 companies in Technology Services

Price Performance

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

Returns

PeriodWITINFYFORTYSPY
1 month +26.1%+18.2%+11.3% -0.8%
3 months +8.3%+5.9%+12.3% +3.5%
6 months +1.5%+1.2%-6.1% +7.0%
Year to date -26.8%-30.2%-23.4% +12.2%
1 year -22.7%-28.9%-9.7% +13.0%
3 years -7.8%-24.4%+128.7% +86.3%
3 years, per year -2.7%-8.9%+31.8% +23.1%
5 years -54.6%-44.9%+20.7% +68.6%
5 years, per year -14.6%-11.2%+3.8% +11.0%
10 years +15.8%+59.2%+236.2% +258.0%
10 years, per year +1.5%+4.8%+12.9% +13.6%

Risk

MeasureWITINFYFORTYSPY
Volatility, 1Y 46.7%42.0%55.4% 12.7%
Downside volatility, 1Y 47.2%43.6%85.0% 12.7%
Beta vs S&P 500, 1Y 0.440.390.64 1.00
Return / volatility, 1Y -0.49-0.69-0.18 1.02
Max drawdown, 5Y -66.8%-60.0%-55.5% -25.4%
From 52-week high -32.0%-38.5%-32.8% -1.8%
52-week high $3.06$20.22$190.56 $779.14
52-week low $1.62$10.49$102.01 $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.

MultipleWITINFYFORTY
P/E now vs peer median 15.5xmedian 17.9x 0.2xmedian 17.9x 3.1xmedian 17.9x
P/S now vs peer median 2.1xmedian 0.7x 0.1xmedian 0.7x 0.7xmedian 0.7x
EV/EBITDA now vs peer median 11.1xmedian 11.0x 0.5xmedian 11.0x —median 11.0x
P/FCF now vs peer median 13.9xmedian 12.1x 2.4xmedian 12.1x —median 12.1x
P/B now vs peer median 2.6xmedian 1.4x 0.1xmedian 1.4x 1.2xmedian 1.4x
PEG now vs peer median 11.60median 1.49 0.00median 1.49 0.03median 1.49

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 monthsWITINFYFORTY
Revenue $10.37B $952.02B $2.93B
Gross profit $3.00B $133.02B $580.29M
Operating income $1.68B $86.76B $249.80M
Net income $1.43B $16.45B $697.91M
Free cash flow $1.57B $21.15B –
R&D – – $21.15M
EPS (diluted) $0.13 $74.63 $39.97
Cash & equivalents $992.00M $243.50B $863.79M
Total debt $7.07B $47.85B $642.43M
Shares (diluted) 10.50B 4.12B 15.79M
Enterprise value $16.46B $37.44B -$936.49M

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
MetricWITINFYFORTY
P/E 15.5x 0.2x 3.1x
P/FCF 13.9x 2.4x –
P/Operating cash flow 12.6x 2.7x –
P/S 2.1x 0.1x 0.7x
P/B 2.6x 0.1x 1.2x
P/Tangible book 2.8x 0.1x 1.2x
EV/EBITDA 11.1x 0.5x –
EV/EBIT 13.4x 0.9x 5.1x
EV/Revenue 2.2x 0.1x 0.4x
EV/FCF 14.4x 3.5x –
EV/Operating cash flow 13.1x 4.0x –
PEG (3Y EPS CAGR) 11.60 0.00 0.03

Growth

14 metrics
MetricWITINFYFORTY
Revenue growth (1Y) -0.4% 4,736% 24.8%
Revenue CAGR (3Y) -2.4% 34.8% 3.9%
Gross profit growth (1Y) -4.6% 2,114% 22.3%
Gross profit CAGR (3Y) -3.1% 186.2% -3.2%
Operating income growth (1Y) -4.6% 1,997% 26.5%
Operating income CAGR (3Y) -36.3% 180.8% 1.6%
Net income growth (1Y) -9.5% -4.7% 255.1%
Net income CAGR (3Y) 0.1% 15.4% 61.1%
EPS growth (1Y) -10.4% 116.2% 700.9%
EPS CAGR (3Y) 1.3% 34.4% 112.1%
Operating cash flow growth (1Y) -8.4% 127.6% –
Operating cash flow CAGR (3Y) -3.2% 1.4% –
Free cash flow growth (1Y) -9.1% -3.0% –
Free cash flow CAGR (3Y) -8.2% 5.3% –

Profitability

14 metrics
MetricWITINFYFORTY
Gross margin 28.9% 14.0% 19.8%
EBITDA margin 19.6% 14.6% –
Operating margin 16.2% 9.1% 8.5%
Pretax margin 17.9% 22.6% 7.1%
Net margin 13.6% 32.3% 21.6%
FCF margin 15.2% 2.2% –
Operating cash flow margin 16.7% 1.9% –
Return on equity 17.1% 31.0% 40.1%
Return on assets 10.1% 18.6% 19.5%
Return on invested capital 16.6% – 10.1%
Return on capital employed 17.6% 29.9% 11.2%
Asset turnover 0.7x 1.2x 0.8x
Cash conversion (OCF / net income) 1.2x 1.1x –
Stock comp / revenue 0.5% 0.0% –

Financial Health

11 metrics
MetricWITINFYFORTY
Debt / assets 13.6% 1.7% 4.8%
Debt / equity 0.2x 0.0x 0.1x
Net debt / EBITDA 0.4x 0.2x –
Debt / FCF 1.2x 1.3x –
Liabilities / assets 41.4% 39.1% 52.8%
Equity / assets 58.6% 60.9% 47.2%
Interest coverage 8.4x 41.8x –
Current ratio 1.7x 2.0x 1.5x
Quick ratio 0.6x 0.7x 1.4x
Cash ratio 0.3x 0.0x 0.6x
Altman Z-score 4.27 – –

Shareholder Returns

7 metrics
MetricWITINFYFORTY
Dividend yield 4.3% 4.2% 11.9%
Net buyback yield 0.0% – –
Shareholder yield 4.3% 4.2% 11.9%
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.

ConsensusWITINFYFORTY
Forward P/E 14.9xFY2026 15.2xFY2026 –
EPS, next fiscal year $0.14FY2026 $0.82FY2026 –
EPS growth, next FY 0.0%FY2026 +2.5%FY2026 –
EPS growth, the year after -7.1% +8.5% –
Revenue, next fiscal year $10.90BFY2026 $21.28BFY2026 –
Revenue growth, next FY +9.3%FY2026 +5.6%FY2026 –
Revenue growth, the year after +1.3% -3.2% –

Institutional Ownership

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

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.

WITINFYFORTY
WIT 1.00 0.49 0.05
INFY 0.49 1.00 0.20
FORTY 0.05 0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WIT, INFY and FORTY?

Infosys (INFY) is the largest by market capitalisation: Wipro (WIT) $21.32B, Infosys (INFY) $49.91B, Formula Systems (1985) (FORTY) $1.96B.

Which stock is cheaper, WIT, INFY and FORTY?

Infosys (INFY) trades on the lowest price-to-earnings ratio (Wipro (WIT) 15.1x, Infosys (INFY) 0.2x, Formula Systems (1985) (FORTY) 3.1x). On next year's consensus earnings, Wipro (WIT) is cheapest (Wipro (WIT) 14.9x, Infosys (INFY) 15.2x). 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: Wipro (WIT) -0.4%, Infosys (INFY) +4,736.0%, Formula Systems (1985) (FORTY) +24.8%.

Which company is more profitable?

Infosys (INFY) has the highest net margin (Wipro (WIT) 13.6%, Infosys (INFY) 32.3%, Formula Systems (1985) (FORTY) 21.6%). On return on invested capital, Wipro (WIT) leads (Wipro (WIT) 16.6%, Formula Systems (1985) (FORTY) 10.1%).

Which stock has performed better?

Over the past year Formula Systems (1985) (FORTY) returned the most: Wipro (WIT) -22.7%, Infosys (INFY) -28.9%, Formula Systems (1985) (FORTY) -9.7%. Over five years, Formula Systems (1985) (FORTY) compounded fastest (Wipro (WIT) -14.6%/yr, Infosys (INFY) -11.2%/yr, Formula Systems (1985) (FORTY) +3.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Wipro (WIT) 0.00%, Infosys (INFY) 0.00%, Formula Systems (1985) (FORTY) 11.85%. Wipro (WIT) and Infosys (INFY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Infosys (INFY) has been the steadiest (Wipro (WIT) 46.7%, Infosys (INFY) 42.0%, Formula Systems (1985) (FORTY) 55.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, WIT, INFY and FORTY?

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.