DXC Technology Co
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
The business carries itself: DXC generated $1,248 million of operating cash flow in fiscal 2026, cut debt from $3,876 million to $3,552 million, met every financial covenant, holds $4.7 billion of liquidity and carries an investment-grade rating from all three agencies. There is no going-concern flag, no negative equity, and after the write-offs of the past only $527 million of goodwill remains on the balance sheet — this is not a solvency risk. What remains open is the decisive operating question: revenue has fallen for a ninth consecutive year, most recently down 4.8 percent organically, and with book-to-bill at 0.98x there is no evidence that fiscal 2027 breaks the pattern. Add an effective tax rate of 91.2 percent, a cash flow that owes $294 million to a decline in receivables, and $367 million of derecognized receivables under a facility whose term ended on July 24, 2026. As long as the turn shows up in neither revenue nor order intake, this is yellow, not green. That the stock also looks cheap does not change the color: price is not a quality attribute.
What the thesis turns on
Assessment: Opportunities & Risks
DXC runs data centers, mainframes and applications for other corporations and still moves large sums: $1,248 million of operating cash flow in fiscal 2026 against roughly $1.64 billion of market value. That is exactly what puts the stock 23rd in our in-house P/FCF ranking. Anyone who counts, though, finds three deductions that change the picture: $535 million rather than $212 million of capital expenditures on the company own definition, $188 million of lease payments, and $294 million that arrived only because receivables shrink with revenue. What remains is $231 million. Behind it sits a business with nine years of falling revenue, a 91.2 percent tax rate, and a shareholder base that has just refused the board its equity plan increase. Not investment advice.
Cash generation
DXC produces cash reliably: $1,361 million of operating cash flow in fiscal 2024, $1,398 million in fiscal 2025 and $1,248 million in fiscal 2026. Free cash flow on the company definition rose from $687 million to $713 million. At a business that has shrunk for nine years, that is notable.
Quality of that cash flow
Of the $1,248 million in fiscal 2026, $294 million came from a decline in receivables — a consequence of falling revenue, not earnings. Deduct the $188 million of finance lease and asset financing payments hidden in the financing section and $231 million remains, or 1.8 percent of revenue. Over three years, $790 million came from the receivables decline alone.
Revenue trend
Nine consecutive fiscal years of falling revenue: from $21,733 million in fiscal 2018 to $12,644 million in fiscal 2026, a decline of 41.8 percent. Most recently down 4.8 percent organically and down 9.9 percent in the United States. Book-to-bill was 0.98x in fiscal 2026 after 1.03x, so the decline mathematically continues.
Earnings quality and taxes
An effective tax rate of 91.2 percent in fiscal 2026 (prior year 37.1 percent) left only $18 million of $318 million of pre-tax income for common stockholders — $0.10 per diluted share after $2.10. Behind it sits a valuation allowance of roughly $2.4 billion against deferred tax assets whose use is uncertain. On an adjusted basis DXC reports $3.23 per share.
Balance sheet and funding
Debt fell during fiscal 2026 from $3,876 million to $3,552 million, liquidity stands at $4.7 billion ($1.7 billion cash plus a $3.0 billion revolver to November 1, 2030), and all covenants were met. Against that: an equity ratio of 22.8 percent, a negative Moody's outlook on Baa2, and $367 million of receivables derecognized through a facility that ran to July 24, 2026.
Valuation and shareholder relations
Roughly $1.64 billion of market value (163,479,858 shares, closing price $10.05 on July 24, 2026) equals 0.13 times annual revenue and 0.56 times equity — and 1.6 to 7.1 times free cash flow depending on the definition. At the same time, stockholders rejected a 20 million share increase to the equity plan on July 21, 2026 (12.1 percent of shares) and approved executive pay with only 50.03 percent.
Worth Noting
DXC reached our research list through the in-house stock scanner "P/FCF Ranking": 23rd among U.S. names with a displayed value of 1.3, out of 544 hits with 25 rows shown, retrieved on July 27, 2026 (list computed July 26, 2026). The German edition of the list covers every market and counted 835 hits on the same day, with European names carrying lower ratios ahead of DXC. These lists are recalculated daily — the rank and the ratio are a dated snapshot, not a permanent state.
The scanner filters every stock with positive free cash flow and a price-to-free-cash-flow ratio of at most 10 and sorts ascending. Such a metric ranking is a sort of the universe, not a quality judgment; the displayed value of 1.3 rests on a cash flow definition that deducts only the $212 million spent on property and equipment. On DXC own definition ($535 million of capital expenditures) the ratio works out at 2.3, after lease payments 3.1, and without the receivables decline 7.1 — each against roughly $1.64 billion of market value.
M&A check: there is no tender offer, no take-private and no merger agreement on DXC. Between the annual report of May 8, 2026 and the data cut-off of July 27, 2026, the SEC record contains the investor day (8-K of June 11, 2026, Item 7.01), the DEF 14A of June 4, 2026, the voting results (8-K of July 22, 2026, Item 5.07), two ownership filings (SCHEDULE 13G of June 24, 2026 and 13G/A of July 14, 2026) and insider reports. The risk factor about possible negotiations over acquisitions, divestitures or spin-offs is boilerplate and names no transaction.
Do not confuse DXC Technology Company (DXC, CIK 1688568) with DexCom, Inc. (DXCM), a maker of glucose monitoring systems. Former name of the same CIK per SEC records: Everett SpinCo, Inc. (until March 31, 2017) — the spin-off shell Hewlett Packard Enterprise used before the merger with CSC.
Price figures are dated valuation anchors, not buy arguments: closing price $10.05 on July 24, 2026, 52-week high $15.43 (December 19, 2025), 52-week low $8.22 (May 13, 2026). Market value cross-check: 163,479,858 shares (10-K cover page, as of May 1, 2026) times $10.05 equals $1.643 billion — consistent with the fundamental data. The most recent periodic report is the annual report 10-K for March 31, 2026; no newer 10-Q existed on July 27, 2026.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at DXC since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 8.20 $ to 15.40 $ · Last price: 11.40 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Information Technology Services
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| DXC Technology Co DXC | 1.8 | 112.2 | 2.2 | 23.0 | -2.2 | -1.8 | -18.2 |
| International Business Machines IBM | 212.8 | 21.3 | 16.3 | 58.1 | 13.8 | 7.6 | -5.9 |
| Accenture plc ACN | 117.9 | 15.3 | 9.0 | 32.0 | 17.0 | 7.4 | -18.5 |
| Infosys Ltd INFY | 45.0 | 13.7 | 9.0 | 29.7 | 21.2 | 4.6 | -32.7 |
| Cognizant Technology Solutions Corporation CTSH | 29.3 | 13.1 | 7.3 | 33.4 | 15.6 | 7.0 | -9.6 |
| CDW Corp CDW | 19.1 | 17.3 | 12.4 | 21.4 | 6.6 | 6.8 | -9.0 |
| Broadridge Financial Solutions Inc BR | 19.0 | 17.6 | 12.1 | 31.8 | 18.4 | 5.9 | -31.4 |
| Fidelity National Information Services, Inc. FIS | 18.8 | 7.2 | 9.6 | 35.8 | 16.4 | 5.4 | -43.7 |
| Wipro Limited WIT | 16.6 | 12.9 | 7.4 | 29.0 | 15.7 | 4.0 | -37.3 |
| Median of companies shown | 19.1 | 15.3 | 9.0 | 31.8 | 15.7 | 5.9 | -18.5 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 7,607 | 136 | -123 | -0.88 | 978 | 1,888 | 8,663 |
| 2018 | 21,733 | 2,638 | 1,751 | 6.04 | 3,105 | 13,487 | 33,921 |
| 2019 | 20,753 | 1,880 | 1,257 | 4.47 | 1,783 | 11,384 | 29,500 |
| 2020 | 19,577 | 1,002 | -5,369 | -20.76 | 2,350 | 4,785 | 26,006 |
| 2021 | 16,265 | 1,141 | 718 | 2.83 | 124 | 5,052 | 20,139 |
| 2022 | 16,265 | 1,141 | 718 | 2.81 | 1,501 | 5,052 | 20,139 |
| 2023 | 14,430 | -1,141 | -568 | -2.48 | 1,415 | 3,497 | 15,845 |
| 2024 | 13,667 | -2 | 91 | 0.46 | 1,361 | 2,811 | 13,871 |
| 2025 | 12,871 | 698 | 389 | 2.10 | 1,398 | 3,229 | 13,205 |
| 2026 | 12,644 | 258 | 18 | 0.10 | 1,248 | 2,941 | 12,890 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.31 | 41.00 | 3,225 | -0.50 | 1.80 | 650 | 568 |
| 2025: Q1 | 1.43 | 353.70 | 3,169 | -1.70 | 8.30 | 315 | 238 |
| 2025: Q2 | 0.09 | -39.10 | 3,159 | -2.40 | 0.50 | 186 | 143 |
| 2025: Q3 | 0.20 | -12.00 | 3,161 | -2.50 | 1.10 | 409 | 365 |
| 2025: Q4 | 0.59 | 92.50 | 3,194 | -1.00 | 3.40 | 414 | 359 |
| 2026: Q1 | -0.79 | -155.30 | 3,130 | -1.20 | -4.50 | 239 | 169 |
| 2026: Q2 | 0.73 | 711.10 | 2,999 | -5.10 | 4.10 | 418 | 359 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 5 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 03/31/2027 | 2.59 | 2.47 – 2.74 | 12,161 | -19.8% | 8 |
| 03/31/2028 | 2.96 | 2.64 – 3.32 | 11,988 | 14.1% | 7 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
With these assumptions (discount rate 10.0%, terminal growth 2.5%), no growth rate between -20.0% and 60.0% per year explains today’s market value — the reverse calculation yields no meaningful figure here.
| Free cash flow (last twelve months) | $1.25B |
|---|---|
| Market cap | $1.82B |
| Free cash flow in year ten | – |
| Terminal value as a share of market value | – |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
DXC beschreibt KI-gestützte Lösungen im Geschäftsbericht ausdrücklich als Teil des verkauften Leistungsangebots aller drei Segmente, nicht nur als internes Werkzeug.
View the full file — quotes, sources, reviewed filings
„Fast Track develops AI-native and highly AI-infused solutions to address evolving client needs and expand opportunities across our segments."
Fast Track entwickelt KI-native und stark KI-durchdrungene Lösungen, um sich wandelnde Kundenbedürfnisse zu bedienen und Chancen über unsere Segmente hinweg zu erweitern.
10-K · 2026-05-08 · View SEC filing
„We help insurers modernize their technology landscape from heritage systems to advanced AI-powered solutions that enhances operational efficiency, improves customer experiences, and enables insurers to adopt a digital-first approach."
Wir helfen Versicherern, ihre Technologielandschaft von Altsystemen hin zu fortgeschrittenen KI-gestützten Lösungen zu modernisieren, die die betriebliche Effizienz erhöhen, das Kundenerlebnis verbessern und es Versicherern ermöglichen, einen Digital-First-Ansatz zu verfolgen.
10-Q · 2026-01-30 · View SEC filing
„Across these segments, we embed AI, automation and data-driven capabilities into our services and solutions to improve efficiency, enhance operations and support better business outcomes for clients."
In allen Segmenten betten wir KI, Automatisierung und datengetriebene Fähigkeiten in unsere Dienstleistungen und Lösungen ein, um die Effizienz zu steigern, den Betrieb zu verbessern und bessere Geschäftsergebnisse für Kunden zu unterstützen.
10-K · 2026-05-08 · View SEC filing
Filings Reviewed: 10-K 2026-05-08 · 10-K 2025-05-15 · 10-Q 2026-01-30 · 10-Q 2025-10-31 · 10-Q 2025-08-01 · 10-Q 2025-02-05
Rated on July 27, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -4.3%
- More than 10% revenue growth is expected for the coming year -1.3%
- Share count grows by less than 3% a year -7.9%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 6.4%
- Gross margin at 40% or higher and without meaningful erosion 14.8%
- Goodwill from acquisitions does not grow faster than revenue 4.1%
- Net debt below twice EBITDA 1.5 x EBITDA
- Operating cash flow covers the profits of the last three years 3,509 m
- Return on capital at 15% or higher, or up versus two years ago 2.9%
- Insiders hold at least 10% or are net buyers 1.5%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
4/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 5.8%
- Exp. sales growth 3Y > 5% -2.6%
- EBIT growth 10Y > 5% 7.4%
- Exp. EBIT growth 3Y > 5% 441.7%
- Net debt < 4x EBIT 9.7x
- EBIT positive, 10Y straight 8
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% 2.2%
- ROCE > 15% 2.9%
- Expected return > 10% 750.2%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Gray Daniel J | President, GIS | Other | 100,310 | 0.00 | – |
| Aug 14, 2026 | Venkataraman Ramanathan | EVP, CES | Other | 14,247 | 10.79 | 153,725 |
| Aug 4, 2026 | Herzog David L | Director | Other | 30,900 | 0.00 | – |
| Aug 4, 2026 | Washington Akihiko | Director | Other | 21,800 | 0.00 | – |
| Aug 4, 2026 | Gonzalez Anthony | Director | Other | 21,800 | 0.00 | – |
| Aug 4, 2026 | Barnes David A | Director | Other | 21,800 | 0.00 | – |
| Aug 4, 2026 | Rogers Dawn | Director | Other | 21,800 | 0.00 | – |
| Aug 4, 2026 | Mayfield Pinkie Dent | Director | Other | 21,800 | 0.00 | – |
| Aug 4, 2026 | Teffner Carrie W. | Director | Other | 21,800 | 0.00 | – |
| Aug 4, 2026 | Woods Robert F | Director | Other | 21,800 | 0.00 | – |
The company
About the Company
DXC Technology Company bietet zusammen mit seinen Tochtergesellschaften IT-Dienstleistungen und -Lösungen in den USA, Großbritannien, im übrigen Europa, in Australien und international an. Es ist in drei Segmenten tätig: Consulting & Engineering Services, Global Infrastructur…
- CEO Insider Trades (12 Mo.)
- buying own stock
- Employees
- 115,000
- Headquarters
- Ashburn, VA
- Address
- 20408 Bashan Drive, 20147 Ashburn, United States
- Phone
- 703-972-9700
- Website
- dxc.com
- IPO Date
- 02/01/2017
- ISIN
- US23355L1061
- Stock Split
- 1156:1000 on 06/01/2018
- Stock Split
- 17412:10000 on 11/30/2015
- Stock Split
- 2:1 on 03/24/1998
Management
| Name | Title | Birth Year |
|---|---|---|
| Raul J. Fernandez | CEO & Director | 1967 |
| Robert F. Del Bene | Chief Financial Officer | 1959 |
| Matthew K. Fawcett J.D. | Chief Legal Officer | 1968 |
| Raymond Alexander August CPA | President of Insurance Software & Business Process Services | 1962 |
| Paul Taylor | President | – |
| Christopher Anthony Voci | Controller & Principal Accounting Officer | 1973 |
| James Walker | Chief Administrative Officer | – |
| Anthony Pappas | Chief Marketing Officer | – |
| Jennifer Ragone | Executive VP & Chief People Officer | 1972 |
| Marian Kelley | Head of Industry Marketing | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 07/30/2026 DXC Technology Co (DXC): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 07/30/2026 DXC Technology Co (DXC): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/22/2026 DXC Technology Co (DXC): Submission of Matters to a Vote of Security Holders SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.