ExlService Holdings, Inc.

EXLS Technology Information Technology Services

ExlService Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 13.6% from fiscal 2024.

Revenue
+19.7%
EPS
+25.9%
Free cash flow
−3.65%
Total debt
+22.8%

Quarter to September 2026, against a year earlier

43.19 0.42 −0.96%
Market cap
$6.6B
P/E
25.7×
Fwd P/E
23.9×
Dividend yield
—
F-score
8/9
Altman Z
8.65
Beneish M
−2.66
Dividend safety
n/a

ExlService Holdings, Inc. (EXLS) Price to free cash flow

Alert me on Price to free cash flow

As of 6 November 2026, ExlService Holdings, Inc. (EXLS) trades at a price to free cash flow of 24.1×. Over the past ten years it has ranged from 11.5× (March 2020) to 49.9× (June 2022); the current reading is higher than 37% of that period. That is above the Information Technology Services industry median of 13.8× and above the Technology sector median of 19.5×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 22.9× (29.46%)
FY2024 32.5× 1.55%
FY2023 32.0× (32.39%)
FY2022 47.3× 44.52%
FY2021 32.7× 81.23%
FY2020 18.1× (2.93%)
FY2019 18.6× (46.64%)
FY2018 34.8× 33.10%
FY2017 26.2× 18.82%
FY2016 22.0× 4.68%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 19.2× 34.17%
Jun 2026 14.3× (10.46%)
Mar 2026 16.0× (30.12%)
Dec 2025 22.9× (6.93%)
43 more quarters

Against its own ten years

Low 11.5× High 49.9×
Ten-year median 27.6×
Current reading's percentile 37

Price to free cash flow against peers

Company Price to free cash flow
APLD Applied Digital Corporation compare n/m
MAAS Maase Inc. - Sponsored ADR compare n/m
GDS GDS Holdings compare n/m
SAIC Science Applications International Corporation compare 10.0×
PSN Parsons Corporation compare 12.6×
EPAM EPAM Systems, Inc. compare 17.4×
G Genpact Limited compare 21.5×
EXLS ExlService Holdings, Inc. 24.1×
INGM Ingram Micro Holding Corporation compare 38.0×
Information Technology Services industry median 13.8×
Technology sector median 19.5×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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