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DXC’s multi-year history shows a contracting revenue base and thin, variable reported operating margins. Despite volatile net income, operating cash flow has generally exceeded capital spending, although recent earnings and cash generation have moderated.
The latest results reinforce the established pattern of revenue contraction and positive free cash flow, but lower operating income and weaker quarterly cash generation show that margin and cash conversion remain under pressure. The continued cash surplus supports debt repayment and repurchases, but does not offset the revenue decline.
Whether revenue declines in Consulting & Engineering Services and Global Infrastructure Services moderate enough to stabilize reported operating margins while free cash flow remains positive without litigation-related cash proceeds.
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 7.6B | 21.7B | 20.8B | 19.6B | 17.7B | 16.3B | 14.4B | 13.7B | 12.9B | 12.6B | |
| (5.5B) | (16.3B) | (14.9B) | (14.9B) | (14.1B) | (12.7B) | (11.2B) | (10.6B) | (9.8B) | (9.6B) | |
| 2.1B | 5.4B | 5.8B | 4.7B | 3.6B | 3.6B | 3.2B | 3.1B | 3.1B | 3B | |
| (2B) | (2.8B) | (3.2B) | (3B) | (3.8B) | (3.1B) | (2.9B) | (2.6B) | (2.6B) | (2.6B) | |
| (1.3B) | (1.5B) | (1.6B) | (1.7B) | (1.7B) | (1.4B) | (1.4B) | (1.2B) | (1.3B) | (1.4B) | |
| (647m) | (1.8B) | (2B) | (1.9B) | (2B) | (1.7B) | (1.5B) | (1.4B) | (1.3B) | (1.2B) | |
| (82m) | 522m | 353m | 658m | (88m) | 0 | 0 | 0 | — | — | |
| 71m | 2.6B | 2.6B | 1.7B | (123m) | 483m | 306m | 450m | 491m | 472m | |
| 10m | (160m) | (253m) | (156m) | (277m) | (152m) | (50m) | (77m) | (62m) | (33m) | |
| 117m | 320m | 334m | 383m | 361m | 204m | 200m | 298m | 265m | 216m | |
| (255m) | (1.1B) | (866m) | (6.7B) | 1.1B | (284m) | (42m) | (39m) | (171m) | (301m) | |
| — | — | — | — | — | — | 90m | 40m | (23m) | — | |
| — | — | — | — | — | 1.1B | (1.2B) | (265m) | 395m | 180m | |
| (174m) | 1.3B | 1.5B | (5.2B) | 654m | 1.1B | (885m) | 109m | 630m | 318m | |
| 74m | 265m | (332m) | (161m) | (804m) | (412m) | 258m | (44m) | (234m) | (290m) | |
| (100m) | 1.6B | 1.2B | (5.4B) | (150m) | 729m | (627m) | 65m | 396m | 28m | |
| (23m) | (31m) | (5m) | (11m) | (3m) | (18m) | (2m) | 5m | (7m) | (10m) | |
| (123m) | 1.8B | 1.3B | (5.4B) | (149m) | 718m | (568m) | 91m | 389m | 18m | |
| (0.88) | 6.03 | 4.47 | (20.72) | (0.60) | 2.81 | (2.48) | 0.45 | 2.10 | 0.10 |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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