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Conduent Inc.

CNDT Technology Information Technology Services

Conduent Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, down 9.36% from fiscal 2024.

Revenue
−29.6%
EPS
−192.3%
Free cash flow
+77.1%
Total debt
+9.45%

Quarter to June 2026, against a year earlier

1.66 0.17 +11.41%
Market cap
$231.7M
P/E
0.0×
Fwd P/E
−1.2×
Dividend yield
—
F-score
3/9
Altman Z
−0.07
Beneish M
−2.62
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.66
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 4 — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 10.56%

Capital & Financial Ratios $m

Size
Market Cap 231.72
Revenue ttm 2,791.00
Net income ttm (228.00)
Free cash flow ttm (73.00)
Net debt Q 490.00
Valuation
P/E 0.00
Forward P/E (1.18) (negative: loss-making)
Price / sales 0.08
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.44
Financial health
Current ratio Q 1.55 (at or above 1.5: strong)
Debt / equity Q 1.07
Interest coverage Q (3.15)
Growth
Revenue growth Q −29.58% (below 0%: shrinking)
Operating income growth Q −57.69% (below 0%: shrinking)
EPS, this year −35.66% (below 0%: weak)
EPS, next year A +97.71% (at or above 15%: strong)
Revenue, next year A −23.21% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 0.4×; over the ten years it ranged from 0.2× in 2026 to 1.0× in 2018.
P/S against its own 10 years 3.90%
10-year low 10-year high
P/B against its own 10 years 11.10%
10-year low 10-year high
EV/Sales against its own 10 years 10.86%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 498 366 233 228
Receivables 559 493 500 337
Inventory — — — —
Other 420 261 213 136
1,655 1,252 1,069 1,097
2023 2024 2025 Q'26
Payables 174 157 142 95
ST’ Debt 34 24 22 21
Other 477 393 344 258
868 744 681 707

Compound Annual Growth %

10y 5y 3y
Sales (7.54%) (6.08%) (7.62%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (16.73%) (9.09%) (7.91%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.14 Actual −0.18

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.07 −0.09 Miss by 0.02
Q4 FY25 −0.06 −0.09 Miss by 0.03
Q1 FY26 −0.19 −0.07 Beat by 0.12
Q2 FY26 −0.14 −0.18 Miss by 0.04
Q3 FY26 −0.05 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.23) (0.76) — — —
’25 (0.33) (0.26) (0.30) (0.23) (1.14)
’24 0.46 1.07 0.72 (0.09) 2.23
’23 (0.03) (0.04) (1.34) 0.02 (1.41)
’22 0.61 (0.01) 0.06 (1.55) (0.89)
’21 (0.06) 0.05 0.04 (0.20) (0.13)
’20 (0.24) (0.25) (0.04) (0.07) (0.61)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 723 531 — — —
’25 751 754 767 770 3,042
’24 921 828 807 800 3,356
’23 922 915 932 953 3,722
’22 967 928 977 986 3,858
’21 1,028 1,026 1,038 1,048 4,140
’20 1,051 1,016 1,041 1,055 4,163
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (8) 7 — — —
’25 (58) (15) (39) 39 (73)
’24 (37) (41) (13) 41 (50)
’23 (12) (10) (11) 122 89
’22 11 (16) 98 51 144
’21 (2) 105 55 85 243
’20 (192) 74 107 172 161
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (22) (8) — — —
’25 (76) (35) (60) 17 (154)
’24 (58) (66) (29) 47 (106)
’23 (34) (30) (33) 93 (4)
’22 (39) (49) 71 8 (9)
’21 (32) 64 25 39 96
’20 (216) 38 72 128 22
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 6,408 6,022 5,393 4,467 4,163 4,140 3,858 3,722 3,356 3,042 2,791 (7.9%) 2,336 2,192 2,270 (9.3%)
Gross margin, % 19.26 21.45 22.46 21.78 22.92 24.20 21.77 22.41 18.65 18.15 19.24 (1.1) pt
EBT (1,227) (16) (395) (2,106) (139) (25) (127) (332) 504 (160) (145) (20.3%)
EBT margin, % (19.15) (0.27) (7.32) (47.15) (3.34) (0.60) (3.29) (8.92) 15.02 (5.26) (5.20) +13.9 pt
Net income (983) 181 (416) (1,934) (118) (28) (182) (296) 426 (170) (228) (17.7%)
Per share, $
Per share, $ Revenue 31.59 29.52 26.17 21.34 19.82 19.46 17.87 17.17 18.39 19.20 17.97 (5.4%)
Earnings (4.85) 0.84 (2.06) (9.29) (0.61) (0.13) (0.89) (1.41) 2.28 (1.14) (1.52) (14.9%)
Cash flow 0.47 1.47 1.37 0.63 0.77 1.14 0.67 0.41 (0.27) (0.46) (0.01) n/m
Capex (0.93) (0.49) (1.02) (1.02) (0.66) (0.69) (0.71) (0.43) (0.31) (0.51) (0.46) (6.4%)
Free cash flow (0.46) 0.99 0.35 (0.39) 0.10 0.45 (0.04) (0.02) (0.58) (0.97) (0.47) +8.7%
Book value 16.91 17.99 16.33 6.89 6.34 5.99 4.91 3.58 5.40 5.22 4.30 (12.2%)
Shares, m 203 204 206 209 210 213 216 217 183 158 156 (2.7%)
Valuation, ×
Valuation, × P/E 0.00 19.45 0.00 0.00 0.00 0.00 0.00 0.00 1.82 0.00 0.00 2.1
P/S 0.43 0.56 0.41 0.29 0.24 0.27 0.23 0.21 0.22 0.10 0.08 0.3
P/B 0.85 0.96 0.68 1.00 0.85 1.00 0.98 1.26 0.87 0.44 0.44 0.9
EV/Sales 0.68 0.79 0.56 0.52 0.50 0.52 0.42 0.43 0.30 0.25 0.26 0.5
EV/FCF (46.61) 23.77 41.69 (28.59) 94.00 22.23 (181.38) (395.98) (9.53) (4.92) (9.90) (48.5)
Cash, $m
Cash, $m Operating cash flow 95 300 283 132 161 243 144 89 (50) (73) (1) n/m
Capex (188) (99) (211) (213) (139) (147) (153) (93) (56) (81) (72) (8.9%)
Free cash flow (93) 201 72 (81) 22 96 (9) (4) (106) (154) (73) +5.8%
Balance, $m
Balance, $m Working capital 515 1,342 767 409 485 655 702 787 508 388 390 (3.1%)
Net debt 1,551 1,403 811 1,018 1,060 998 730 784 273 454 490 (12.8%)
Shareholders’ equity 3,430 3,671 3,364 1,442 1,332 1,274 1,059 775 985 827 668 (14.6%)
Returns, %
Returns, % ROA (11.73) 2.37 (5.99) (34.73) (2.92) (0.92) (5.05) (9.09) 14.44 (6.81) (9.63) +4.9 pt
ROIC (14.64) 0.75 1.48 (50.71) (1.07) 1.57 (8.17) (9.78) (5.61) (4.54) (4.26) +10.1 pt
ROE (23.27) 5.31 (12.62) (85.98) (10.28) (3.27) (18.74) (39.48) 56.37 (22.25) (35.00) +1.0 pt
People
People Employees 96,000 90,000 82,000 67,000 63,000 60,000 62,000 59,000 56,000 51,000 — (6.8%)
Revenue/emp, $m 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.06 0.06 0.06 — (1.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Conduent Inc. vs peers in Information Technology Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WYFI WhiteFiber, Inc. $475.0M — (loss-making) — (loss-making) +54.53% (above 0%: growing) n/m −5.87% (below 0%: shrinking) 59.40% (32.09%) Compare
VRRM VERRA MOBILITY CORP $404.4M 10.9× 14.2× −1.17% (below 0%: shrinking) −8.38% (below 0%: shrinking) +82.60% (above 0%: growing) 52.51% 25.32% Compare
HCKT The Hackett Group, Inc. $324.4M 20.2× 14.4× −12.13% (below 0%: shrinking) +200.00% (above 0%: growing) +236.56% (above 0%: growing) 39.97% 11.12% Compare
III Information Services Group, Inc. $291.0M 24.0× 25.4× +4.40% (above 0%: growing) +16.67% (above 0%: growing) +21.42% (above 0%: growing) 43.86% 9.91% Compare
TTGT TechTarget, Inc. $241.6M — (loss-making) 68.9× −3.16% (below 0%: shrinking) n/m −36.09% (below 0%: shrinking) 55.52% (19.01%) Compare
CNDT Conduent Inc. $231.7M — (loss-making) — (loss-making) −29.58% (below 0%: shrinking) n/m +77.14% (above 0%: growing) 18.08% (7.72%)
TSSI TSS Inc. $198.4M 13.5× 26.4× −20.08% (below 0%: shrinking) −16.67% (below 0%: shrinking) −34.48% (below 0%: shrinking) 22.79% 4.56% Compare
UIS Unisys Corporation $172.1M — (loss-making) — (loss-making) −2.03% (below 0%: shrinking) n/m +85.44% (above 0%: growing) 24.77% (6.95%) Compare
ALYAF Alithya Group Inc. $133.6M — (loss-making) — (loss-making) −15.47% (below 0%: shrinking) n/m −10.24% (below 0%: shrinking) 30.36% (0.05%) Compare
Median of peers $266.3M 16.8× 25.4× −2.59% +4.14% +7.78% 41.92% 2.26%

All 81 Information Technology Services stocks →

Pay and ownership Proxy statement filed 3 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.85m (1.40m) 40.00
2024 6.75m 7.58m 84.00
2023 6.47m 5.55m 76.00
2022 5.87m 2.01m 84.00
2021 6.08m 6.21m 111.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Conduent Inc. (CNDT) Latest News

27 Oct

Impact 3 · · Business Wire

23 Oct

Impact 4 · · Business Wire

20 Oct

Impact 4 · · Business Wire

1 Oct

Impact 4 · · MarketBeat
Impact 4 · · Business Wire

30 Sep

Impact 4 · · Business Wire

24 Sep

Impact 3 · · Business Wire

20 Aug

Impact 4 ·

17 Aug

Impact 3 · · The Motley Fool transcript

10 Aug

Impact 3 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

6 Aug

Impact 4 ·

30 Jul

Impact 3 ·

30 Jun

Impact 4 ·

24 Jun

Impact 3 · · Business Wire

21 May

Impact 4 · · GlobeNewswire
Impact 3 · · Business Wire

12 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · GuruFocus.com

11 May

Impact 4 · · GlobeNewswire
Impact 3 · · MarketBeat
Impact 3 · · Zacks

7 May

Impact 3 · · Business Wire

20 Apr

Impact 4 ·

13 Mar

Impact 4 · · Business Wire

4 Mar

Impact 3 · · Business Wire

13 Feb

Impact 4 · · Business Wire

12 Feb

Impact 4 · · GuruFocus.com transcript
stockrow.com/CNDT · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com