IT services
36 companies · $322B combined revenue · $42.1B operating profit
The typical US-listed it services company grew revenue 8.3% and earnings 2.6% in its latest year, at a 9.6% operating margin, and 10 of 36 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 4% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more40%
- Operating leverage · Operating income growing faster than a growing revenue52%
- Margin expansion · Operating margin up 1 point or more51%
- Debt reduction · Debt down 5% or more, or net cash23%
Combined revenue · 33 companies reporting in US dollars
Combined operating margin
All 36 companies
| Median | – | 8.3% | 2.6% | 9.6% | 10.1% | 0.89x |
| IBMInternational Business Machines | $67.5B | 7.6%▼ | 75.9%▲ | 18.2%▲ | 10.8%▲ | 1.88x▼ |
| ACNAccenture | $74.2B | 6.5%▼ | 9%▲ | 15.4%▲ | 22.2%▲ | 0.32x▲ |
| INFYInfosys | $20.2B | 4.6%▼ | 4.9%▲ | 20.3%▲ | 37.4%▲ | – |
| CTSHCognizant Technology Solutions | $21.1B | 7%▼ | -0.4%▼ | 16.1%▲ | 19.9%▲ | 0.04x▲ |
| IOTSamsara | $1.6B | 29.6%▲ | – | -3.2%▼ | -3.2%▼ | – |
| BRBroadridge Financial Solutions | $7.5B | 8.5%▲ | 33.9%▲ | 17.4%▲ | 17.3%▲ | 1.15x▼ |
| CDWCDW | $22.4B | 6.8%▼ | -1%▼ | 7.4%▼ | 18.8%▲ | 2.16x▼ |
| WITWIPRO | INR 926B | 4%▼ | 0.4%▼ | 16.3%▲ | 14.9%▲ | 0.19x▲ |
| LDOSLeidos | $17.1B | 3.2%▼ | 15.5%▲ | 12.3%▲ | 19.8%▲ | 0.95x▼ |
| GIBCGI | CAD 15.9B | 8.4%▲ | -2%▼ | 14.9%▲ | 16.4%▲ | 0.35x▲ |
| CACICACI International | $9.6B | 10.9%▲ | 7.2%▲ | 9.6%▲ | 8.9%▼ | 1.10x▼ |
| GDDYGoDaddy | $5.0B | 8.3% | -6.6%▼ | 22.8%▲ | 22.4%▲ | 18x▼ |
| IONQIonQ | $130M | 202%▲ | – | -487%▼ | -9.9%▼ | – |
| JKHYJack Henry & Associates | $2.5B | 7.1%▼ | 10.3%▲ | 25%▲ | 24.5%▲ | 0.02x▲ |
| AURAurora Innovation | $3M | – | – | -30033%▼ | -40.4%▼ | – |
| HNGEHinge Health | $588M | 50.6%▲ | – | -92.9%▼ | -143%▼ | – |
| DOXAmdocs | $4.5B | -9.4%▼ | 14.5%▲ | 16.1%▲ | 15%▲ | 0.19x▲ |
| EPAMEPAM Systems | $5.5B | 15.4%▲ | -16.9%▼ | 9.5%▼ | 13.2%▲ | 0.01x▲ |
| OTEXOpen Text | $5.2B | 1.5%▼ | 47.5%▲ | 20.6%▲ | 10.3%▲ | 1.44x▼ |
| APLDApplied Digital | $611M | 324%▲ | – | -38.7%▼ | -2.7%▼ | 2.89x▼ |
| EXLSExlService | $2.1B | 13.6%▲ | 26.6%▲ | 15%▲ | 22.8%▲ | 0.33x▲ |
| SAICScience Applications International | $7.3B | -2.9%▼ | -1.1%▼ | 7.2%▼ | 11.9%▲ | 1.66x▼ |
| WAYWaystar | $1.1B | 16.5%▲ | – | 22.7%▲ | 4.5%▼ | 0.38x▲ |
| GDSGDS | CNY 11.4B | 10.8%▲ | -72.3%▼ | -0.5%▼ | -0.1%▼ | 1.00x▼ |
| NSITInsight Enterprises | $8.2B | -5.2%▼ | -37%▼ | 4.1%▼ | 8.4%▼ | 0.83x▲ |
| PSNParsons | $6.4B | -5.7%▼ | 2.6% | 6.6%▼ | 9.9%▼ | 0.47x▲ |
| QBTSD-Wave Quantum | $25M | 179%▲ | – | -408%▼ | -11.2%▼ | 0.04x▲ |
| RGTIRigetti Computing | $7M | -34.3%▼ | – | -1194%▼ | -12.9%▼ | – |
| LIFLife360 | $489M | 31.8%▲ | – | 3.8%▼ | 2.2%▼ | – |
| FAFirst Advantage | $1.6B | 83%▲ | – | 8.4%▼ | 3.7%▼ | 1.58x▼ |
| AGYSAgilysys | $319M | 15.9%▲ | 67%▲ | 13.5%▲ | 12.1%▲ | 0.00x▲ |
| NTCTNetscout Systems | $859M | 4.5%▼ | – | 12.8%▲ | 5.8%▼ | – |
| KDKyndryl | $15.1B | 0.2%▼ | -21.4%▼ | 3.3%▼ | 8.1%▼ | 4.85x▼ |
| RAMPLiveRamp | $813M | 9%▲ | – | 10.3%▲ | 8.1%▼ | – |
| PONYPony AI | $90M | 20%▲ | – | -290%▼ | -15.2%▼ | – |
| DXCDXC Technology | $12.6B | -1.8%▼ | -95.4%▼ | 7.7%▼ | 10.8%▲ | 1.03x▼ |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).