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Global IT services company providing application modernization, cloud migration and outsourcing to large enterprises.
Global IT services company providing application modernization, cloud migration and outsourcing to large enterprises.
Paid under multi-year contracts to run customers' computer systems, so revenue is steady but shrinks when contracts end or are re-priced. It was created in 2017 by merging Computer Sciences Corporation with Hewlett Packard Enterprise's services arm, and much of the base is older infrastructure work it is trying to add cloud projects to.
Moat: narrow (switching costs, installed base). Multi-year outsourcing contracts running customers' core systems are costly and risky to switch away from.
Headquarters: Ashburn, Virginia, US · Founded: 2017 · Employees: 115,000
Size DXC Technology (DXC) is a United States Information Technology company (Data Processing Services) with a market value of $2.31B, the 1708th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.86 on 6 Nov 2026.
Performance Over six months the shares gained 57.6%, against -33.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 19 in its peer set.
Growth Revenue fell 2.8% over the last twelve months (peer median +9.3%); the operating margin is 1.1% (peer median -1.2%).
Valuation It trades at 5.8× forward earnings against a peer median of 31.2× (cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.7 points below its cost of capital (6.7% WACC).
Backlog Backlog (remaining performance obligations) was $15.8B at 30 Sep 2026, down 3% on a year earlier — 1.3 years of trailing revenue. Backlog detail →
Credit DXC Technology has 1 bond outstanding ($650M), rated BBB- by the agencies and trading like BBB- at a weighted spread of 116 bp.
Short interest Short interest is 16.5% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $12.4B | $12.6B | $12.9B | $13.7B | $14.4B |
| Revenue growth | — | -2% | -6% | -5% | — |
| Gross profit | $1.64B | $1.87B | $1.81B | $1.69B | $1.59B |
| EBITDA | $1.25B | $1.42B | $1.78B | $1.87B | $1.93B |
| Net income | $112M | $18.0M | $389M | $91.0M | -$568M |
| Free cash flow | $1.03B | $1.04B | $1.15B | $1.18B | $1.15B |
| Capital expenditure | $458M | $535M | $711M | $605M | $678M |
| Total debt | $3.69B | $4.25B | $4.55B | $4.87B | $5.37B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DXC Technology DXC | $2.31B | +58% | -3% | 1% | 5.8× | 3.2% |
| Accenture ACN | $154B | +44% | +6% | 15% | 17.8× | 3.7% |
| Cognizant CTSH | $28.9B | +26% | +5% | -1% | 10.5× | 0.8% |
| Infosys Limited Sponsored ADR INFY | $48.5B | -3% | -1% | 21% | 15.4× | -2.0% |
| Kyndryl Holdings Incorporation KD | $3.55B | +33% | -1% | 4% | 5.9× | 1.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DXC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.1% | -10.9% | 2nd highest of 21 |
| 6-month return | +57.6% | -33.9% | 2nd highest of 19 |
| Distance from 52-week high | -9.3% | -44.6% | 3rd highest of 21 |
| Revenue growth (TTM) | -2.8% | +9.3% | 5th lowest of 21 |
| Operating margin | 1.1% | -1.2% | 10th highest of 21 |
| Forward P/E | 5.8× | 31.2× | cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 3.2% | 13.4% | 3rd least demanding of 9 |
| Growth delivered (Del g) | -6.5% | +9.7% | lowest of 9 |
| Hurdle (Req g minus delivered) | +9.8 pp | -2.4 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | -4.7 pp | -7.2 pp | 6th highest of 20 |
| EV / EBITDA | 3.7× | 17.0× | 2nd cheapest of 14 |
| Net debt / EBITDA | 1.7× | 0.7× | 5th most indebted of 16 |
| Bond spread | 116 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DXC Technology DXC | United States | $2.31B | +58% | -3% | 1% | 5.8× | 3.2% | -6.5% |
| Csquare CSQR | United States | $2.39B | n/a | +9% | 10% | n/a | n/a | n/a |
| Sunevision 1686.HK | Hong Kong | $2.46B | -29% | +6% | 52% | 14.3× | 10.9% | +10.7% |
| Kingsoft Cloud 3896.HK | Hong Kong | $2.54B | -47% | +35% | -3% | n/a | n/a | n/a |
| Ionic Digital IOND | United States | $2.68B | n/a | -8% | -44% | 28.0× | n/a | n/a |
| Beijing Sinnet Technology 300383.SZ | China | $2.70B | -37% | -2% | -11% | 149.7× | 46.5% | -0.7% |
| Tgs TGS.OL | Norway | $2.73B | -13% | -30% | 12% | 16.3× | 5.5% | +36.2% |
| Shenzhen Xunce Technology 3317.HK | Hong Kong | $1.93B | -79% | +287% | -3% | 200.1× | n/a | n/a |
| Megaport MP1.AX | Australia | $2.80B | +86% | +37% | -10% | 99.5× | n/a | n/a |
| Cipher Digital CIFR | United States | $2.99B | -68% | -29% | -172% | n/a | n/a | n/a |
| Bitdeer Technologies BTDR | United States | $1.63B | -55% | +128% | -30% | n/a | n/a | n/a |
| ChronoScale CHRN | United States | $1.57B | -31% | +190% | -68% | n/a | n/a | n/a |
| JMDC 4483.T | Japan | $1.52B | +10% | +19% | 20% | 31.9× | 19.7% | +24.6% |
| Kyndryl Holdings Incorporation KD | United States | $3.55B | +33% | -1% | 4% | 5.9× | 1.6% | -4.9% |
| Dentsu Soken 4812.T | Japan | $3.56B | +31% | +10% | 14% | 30.4× | 0.3% | +8.7% |
| Suncorporation 6736.T | Japan | $1.49B | +22% | -11% | 1% | n/a | n/a | n/a |
| HawkEye 360 HAWK | United States | $1.45B | -55% | +88% | -8% | n/a | n/a | n/a |
| JOYY, Inc. Sponsored ADR JOYY | United States | $3.98B | +37% | +8% | 2% | 12.9× | 19.8% | +2.1% |
| Capitalonline Data Service 300846.SZ | China | $1.28B | -37% | 0% | -7% | n/a | n/a | n/a |
| Innodata INOD | United States | $1.27B | -56% | +39% | 17% | 37.3× | 15.9% | +34.0% |
| GDS 9698.HK | Hong Kong | $4.22B | -52% | +13% | 17% | 36.8× | n/a | n/a |
DXC Technology has 1 bond outstanding with $650M face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.61%, a spread of 116 bp over government bonds.
DXC Technology reported $15.8B of remaining performance obligations at 30 Sep 2026, down 3% from a year earlier and down 3% from the previous quarter. That is 1.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.83.