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Held by 425 of 6,047 reporting institutions (96th percentile) — extremely crowded.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Ranked against 19 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BILI | $5.9B | 37.0× | 24.3× | 1.4× | 18.1% | 36.6% | 3.9% | 7.7% | 4.7% | -1.6× | 157 |
| PEGA | $5.6B | 15.9× | 19.4× | 3.2× | 16.6% | 75.9% | 22.5% | 50.0% | 50.0% | -0.8× | 424 |
| JOYY | $3.9B | 40.2× | 41.4× | 1.8× | -5.1% | 35.9% | 98.8% | 32.1% | 32.0% | -4.3× | 185 |
| LIF | $3.5B | 24.4× | 93.8× | 7.2× | 31.8% | 77.8% | 30.8% | 27.5% | 27.5% | -15.4× | 203 |
| FA | $3.1B | — | 20.3× | 2.0× | 83.0% | — | -2.2% | -2.7% | -1.0% | 7.5× | 173 |
| CARG | $2.7B | 19.4× | 9.1× | 3.0× | 13.7% | 92.8% | 17.2% | 41.7% | 41.7% | -0.7× | 353 |
| FIVN | $2.6B | 76.4× | 25.8× | 2.2× | 10.3% | 55.1% | 3.4% | 5.0% | 5.0% | -2.6× | 285 |
| INOD | $2.4B | 76.2× | 49.8× | 9.6× | 47.6% | 39.5% | 12.8% | 30.0% | 30.0% | -1.8× | 283 |
| ATHM | $2.4B | 49.0× | 16.4× | 50.9× | 11.1% | — | — | 6.3% | 6.3% | -2.5× | 126 |
| RAMP | $2.3B | 16.8× | 19.7× | 2.8× | 9.0% | 70.7% | 18.0% | 15.0% | 15.0% | -3.9× | 297 |
| DXC | $1.8B | 111.0× | 1.7× | 0.1× | -1.8% | — | 0.1% | 0.6% | 0.3% | 0.8× | 425 |
| EVTC | $1.6B | 12.4× | 11.4× | 1.8× | 10.2% | — | 15.2% | 22.8% | 8.4% | 3.6× | 239 |
| GDRX | $1.1B | 36.4× | 14.7× | 1.4× | 0.6% | — | 3.8% | 4.9% | 2.8% | 2.5× | 159 |
| UPWK | $1.0B | 9.6× | 9.2× | 1.3× | 2.4% | 77.8% | 14.7% | 18.3% | 8.6% | 2.7× | 286 |
| LZ | $959M | 70.0× | 12.3× | 1.3× | 10.9% | 65.9% | 2.0% | 9.0% | 9.0% | -3.3× | 240 |
| CLVT | $947M | — | 6.1× | 0.4× | -4.0% | 66.0% | -8.2% | -4.2% | -2.2% | 4.9× | 237 |
| PLTK | $831M | — | 60.8× | 0.3× | 8.1% | 72.5% | -7.5% | 50.2% | -10.4% | — | 170 |
| TASK | $739M | 7.3× | 4.2× | 0.6× | 19.0% | — | 8.6% | 17.0% | 12.2% | 0.2× | 107 |
| YEXT | $644M | 93.0× | 10.7× | 1.4× | 6.1% | 74.5% | 8.5% | 23.8% | 14.7% | -1.0× | 173 |
| IBEX | $579M | 13.9× | 7.3× | 0.9× | 15.4% | — | 7.2% | 27.2% | 27.0% | -0.4× | 148 |
Peers = companies sharing DXC's sector (Services-Computer Processing & Data Preparation) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2024, FY2025, FY2026). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $11.66 today, the market must believe free cash flow compounds -22.6%/yr for a decade (off $1.12B on the 3-yr avg basis).
On the basis ($1.03B) the requirement is -21.3%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's -22.6% is more conservative than its 9-yr track record.
Default is 7.3% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.16B shares (market data) · net debt $1.81B
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean 50.2% · volatility σ 197% · implied rate exceeded in 6/8 yrs
Central path = implied -22.6%/yr growth; shaded band = ±1σ (197%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $249.0M buybacks = $249.0M returned on $1.04B FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 0%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $1.74B covers the $428.0M due within a year 4.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-03-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~6.1% on $3.55B of debt.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-05
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.64B 100.0% | $12.87B 100.0% | $13.67B 100.0% | $14.43B 100.0% | $16.27B 100.0% | $17.73B 100.0% | $19.58B 100.0% | $20.75B 100.0% | $21.73B 100.0% | $7.61B 100.0% |
| Cost of Products | — | — | — | — | — | — | — | $14.95B 72.0% | $16.32B 75.1% | $5.55B 72.9% |
| Cost of Services | — | — | — | — | — | — | — | — | $16.32B 75.1% | $5.55B 72.9% |
| Selling, General & Admin | $1.40B 11.1% | $1.35B 10.5% | $1.24B 9.1% | $1.38B 9.5% | $1.41B 8.7% | $2.07B 11.7% | $2.05B 10.5% | $1.96B 9.4% | $1.89B 8.7% | $1.28B 16.9% |
| Total Operating Expenses | $12.33B 97.5% | $12.24B 95.1% | $13.56B 99.2% | $15.31B 106.1% | $15.12B 93.0% | $17.07B 96.3% | $24.80B 126.7% | $19.24B 92.7% | $20.43B 94.0% | $7.78B 102.3% |
| Operating Income | $970.0M 7.7% | $1.02B 7.9% | $1.01B 7.4% | $1.14B 7.9% | $1.38B 8.5% | $1.10B 6.2% | $2.06B 10.5% | $3.27B 15.8% | $2.99B 13.8% | $618.0M 8.1% |
| Interest Expense | $216.0M 1.7% | $265.0M 2.1% | $298.0M 2.2% | $200.0M 1.4% | $204.0M 1.3% | $361.0M 2.0% | $383.0M 2.0% | $334.0M 1.6% | $320.0M 1.5% | $117.0M 1.5% |
| Pretax Income | $318.0M 2.5% | $630.0M 4.9% | $109.0M 0.8% | -$885.0M -6.1% | $1.14B 7.0% | $654.0M 3.7% | -$5.23B -26.7% | $1.51B 7.3% | $1.30B 6.0% | -$174.0M -2.3% |
| Income Tax Expense | $290.0M 2.3% | $234.0M 1.8% | $23.0M 0.2% | -$319.0M -2.2% | $405.0M 2.5% | $800.0M 4.5% | $130.0M 0.7% | $288.0M 1.4% | -$242.0M -1.1% | -$74.0M -1.0% |
| Net Income | $18.0M 0.1% | $389.0M 3.0% | $91.0M 0.7% | -$568.0M -3.9% | $718.0M 4.4% | -$149.0M -0.8% | -$5.37B -27.4% | $1.26B 6.1% | $1.75B 8.1% | -$123.0M -1.6% |
| Per Share | ||||||||||
| EPS (Basic) | $0.10 | $2.15 | $0.46 | -$2.48 | $2.87 | -$0.59 | -$20.76 | $4.53 | $6.15 | -$0.88 |
| EPS (Diluted) | $0.10 | $2.10 | $0.46 | -$2.48 | $2.81 | -$0.59 | -$20.76 | $4.47 | $6.04 | -$0.88 |
| Weighted Avg Shares (Basic) | 175.0M | 180.7M | 195.8M | 229.0M | 250.0M | 254.1M | 258.6M | 277.5M | 284.9M | 140.4M |
| Weighted Avg Shares (Diluted) | 178.7M | 184.9M | 198.8M | 229.0M | 255.2M | 254.1M | 258.6M | 281.4M | 289.8M | 140.4M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-05
Where each multiple sits in its own 10-yr range · 83th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 10-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 1% against ROIC 0% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 2.7× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 9.4 | 10.5 | 11.7 | 8.7 | 9.5 | 9.1 | 10.5 | 11.1 |
| Operating Income | 15.8 | 10.5 | 6.2 | 8.5 | 7.9 | 7.4 | 7.9 | 7.7 |
| Income Tax | 1.4 | 0.7 | 4.5 | 2.5 | -2.2 | 0.2 | 1.8 | 2.3 |
| Net Income | 6.1 | -27.4 | -0.8 | 4.4 | -3.9 | 0.7 | 3.0 | 0.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DXC: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns 4.05pts above its cost of capital, without much margin of safety.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2020 | 10.8% | 7.3% (today's — no rate published for this year) | 3.5pts |
| FY2021 | 8.3% | 7.3% (today's — no rate published for this year) | 1.0pts |
| FY2022 | 10.7% | 5.2% | 5.6pts |
| FY2023 | 10.7% | 5.8% | 5.0pts |
| FY2024 | 9.9% | 6.9% | 3.0pts |
| FY2025 | 11.4% | 6.8% | 4.6pts |
| FY2026 | 11.9% | 6.6% | 5.3pts |
| Now | 0.3% | 7.3% | -7.1pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | not reported | 8.1% | -1.6% |
| FY2018 | not reported | 13.8% | 8.1% |
| FY2019 | not reported | 15.8% | 6.1% |
| FY2020 | not reported | 10.5% | -27.4% |
| FY2021 | not reported | 6.2% | -0.8% |
| FY2022 | not reported | 8.5% | 4.4% |
| FY2023 | not reported | 7.9% | -3.9% |
| FY2024 | not reported | 7.4% | 0.7% |
| FY2025 | not reported | 7.9% | 3.0% |
| FY2026 | not reported | 7.7% | 0.1% |
Return on equity (1%) and return on invested capital (0%) are within a couple of points in FY2026, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$527M of goodwill — 9% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Converts 18.80x of reported profit into free cash flow over 4 years, with accruals negative.
Only 4 profitable years available, so the average is shorter than the five the threshold assumes.
Covers interest 3.1x under stress — adequate, without much room.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 4.49x |
| 5% | 4.27x |
| 10% | 4.04x |
| 15% | 3.82x |
| 20% | 3.59x |
| 25% | 3.37x |
| 30% | 3.14x |
| 35% | 2.92x |
| 40% | 2.69x |
| 45% | 2.47x |
| 50% | 2.25x |
| 55% | 2.02x |
| 60% | 1.80x |
Ladder as of 2026-03-31 (10-K); cash from the 2026-03-31 balance sheet; FCF from FY2026.
Balance sheet at 2026-03-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Coverage is comfortable at 4.5x today but falls to 3.1x after a 30% EBITDA decline — the cushion is earnings, not liquidity.
At $11.10, free cash flow must compound -20.27%/yr for 10 years. It has done -10.38%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | −106.8% | −20.3% |
| FY2023 | −7.9% | −20.3% |
| FY2024 | 2.7% | −20.3% |
| FY2025 | −2.5% | −20.3% |
| FY2026 | −9.9% | −20.3% |
The implied rate has been matched or beaten in 4 of the last 5 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $18M | $18M |
| Share-based comp | $86M | $104M |
| Other non-cash & working capital | $1.14B | $1.25B |
| Operating cash flow | $1.25B | $1.25B |
| Capex | −$212M | $1.04B |
| Free cash flow | $1.04B | $1.04B |
| FCF after SBC | $950M | $950M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | -9.4% | -6.2% | 3.3 points |
| FY2022 | -8.3% | -6.2% | 2.1 points |
| FY2023 | -11.3% | -15.8% | -4.5 points |
| FY2024 | -5.3% | -3.3% | 2.0 points |
| FY2025 | -5.8% | -7.0% | -1.2 points |
| FY2026 | -1.8% | -5.0% | -3.2 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2020 | 57 days | not reported | not reported | not reported |
| FY2021 | 59.1 days | not reported | not reported | not reported |
| FY2022 | 60.5 days | not reported | not reported | not reported |
| FY2023 | 57.4 days | not reported | not reported | not reported |
| FY2024 | 58.6 days | not reported | not reported | not reported |
| FY2025 | 57.9 days | not reported | not reported | not reported |
| FY2026 | 56 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2020 | -29.7 percent |
| FY2021 | -1.2 percent |
| FY2022 | -3.9 percent |
| FY2023 | -12.5 percent |
| FY2024 | -9.2 percent |
| FY2025 | -7.6 percent |
| FY2026 | -9.5 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2026) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.