$35.75

-0.73 (-2.00%)

Weekly Expected Move ±4.5%

$32 $34 $36 $37 $39

NASDAQ · Technology · Information Technology Services · Tech Score Neutral · Power 57 · $5.4B mcap · 137M float · 1.76% daily turnover · Short 58% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

60.2 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 23.9% · 5Y Avg: 21.6%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. EXLS has a Narrow competitive edge (60.2/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Cost Advantage. ROIC of 23.9% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$43

Low

$44

Avg Target

$45

High

Based on 2 analysts since Jul 28, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 15Hold: 3Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$44.00

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-07-30	Barrington	—	$40	$43	+3	+19.5%	$35.99
2026-07-30	Robert W. Baird	David Koning	$35	$45	+10	+25.0%	$35.99
2026-04-30	Barrington	Vincent Colicchio	Initiated	$40	—	+29.5%	$30.88
2026-02-26	Stifel Nicolaus	David Grossman	Initiated	$46	—	+50.1%	$30.64
2026-02-25	Needham	Mayank Tandon	$50	$40	-10	+39.5%	$28.67
2026-02-25	Robert W. Baird	David Koning	Initiated	$35	—	+24.2%	$28.18
2024-10-31	Needham	Mayank Tandon	Initiated	$50	—	+20.0%	$41.65
2024-09-09	Guggenheim	Vamil Divan	Initiated	$25	—	-30.9%	$36.17
2024-09-09	Jefferies	Surinder Thind	Initiated	$42	—	+18.3%	$35.49
2024-05-08	Wedbush	Moshe Katri	Initiated	$40	—	+29.8%	$30.81
2022-06-17	Cowen & Co.	—	Initiated	$155	—	+2795.0%	$5.35

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. EXLS receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5). Areas of concern: D/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-09-10	A	A-
2026-09-09	A-	A
2026-08-19	A	A-
2026-08-17	A-	A
2026-06-16	A	A-
2026-04-28	A-	A
2026-04-24	B+	A-
2026-03-19	A-	B+
2026-03-13	B+	A-
2026-03-12	A-	B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 66 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. EXLS scores highest in Safety (100/100) and lowest in Value (48/100). An overall grade of A+ places EXLS among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

6.09

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-2.62

Unlikely Manipulator

Ohlson O-Score

-8.05

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 87.5/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.31x

Accruals: -4.5%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. EXLS scores 6.09, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. EXLS scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. EXLS's score of -2.62 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. EXLS's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. EXLS receives an estimated rating of AA (score: 87.5/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). EXLS's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

22.48x

PEG

2.53x

P/S

2.42x

P/B

6.30x

P/FCF

14.37x

P/OCF

12.06x

EV/EBITDA

9.46x

EV/Revenue

1.86x

EV/EBIT

11.67x

EV/FCF

15.11x

Earnings Yield

6.33%

FCF Yield

6.96%

Shareholder Yield

11.52%

Graham Number

$14.44

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 22.5x earnings, EXLS commands a growth premium. An earnings yield of 6.3% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $14.44 per share, 148% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.768

NI / EBT

Interest Burden

0.914

EBT / EBIT

EBIT Margin

0.159

EBIT / Rev

Asset Turnover

1.295

Rev / Assets

Equity Multiplier

1.793

Assets / Equity

ROE

25.9%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. EXLS's ROE of 25.9% is driven by Asset Turnover (1.295), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$62.98

Price/Value

0.41x

Margin of Safety

58.94%

Premium

-58.94%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with EXLS's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. EXLS actually compounded EPS at 17.2% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. EXLS trades at a -59% premium to its adjusted intrinsic value of $62.98, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 22.5x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$35.75

Median 1Y

$38.57

5th Pctile

$21.10

95th Pctile

$70.88

Ann. Volatility

35.7%

Analyst Target

$44.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Rohit Kapoor & hairman & CEO	$885,205	$13,811,888	$16,201,761
Vivek Jetley Head ident and Head of Insurance, Healthcare and Life Sciences	$568,836	$3,903,181	$5,024,340
Vikas Bhalla Head ident and Head of AI Services and Operations	$368,796	$3,903,181	$4,685,025
Maurizio Nicolelli Executive Vice President and CFO	$560,342	$2,402,095	$3,433,156
Narasimha Kini President, Vice President, Banking & Capital Markets and Diversified Industries	$496,301	$2,402,095	$3,330,248

CEO Pay Ratio

2459:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $16,201,761

Avg Employee Cost (SGA/emp): $6,588

Employees: 65,000

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

65,000

+9.2% YoY

Revenue / Employee

$32,118

Rev: $2,087,679,000

Profit / Employee

$3,862

NI: $251,019,000

SGA / Employee

$6,588

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	17.0%	16.3%	16.7%	17.9%	20.1%	19.7%	21.1%	22.5%	22.6%	22.4%	22.8%	21.2%	21.3%	21.8%	23.8%	24.7%	26.0%	27.2%	28.1%	25.9%	25.94%
ROA	9.9%	9.1%	9.5%	10.3%	11.2%	10.9%	12.2%	12.9%	12.9%	13.2%	13.2%	12.5%	12.5%	13.0%	13.9%	14.7%	14.4%	15.1%	15.0%	14.5%	14.47%
ROIC	18.9%	16.9%	15.3%	17.0%	17.3%	18.7%	19.2%	20.3%	21.5%	21.4%	18.7%	18.2%	18.8%	21.2%	20.6%	22.5%	24.3%	25.3%	24.2%	23.9%	23.92%
ROCE	16.6%	19.6%	15.1%	16.4%	18.3%	18.6%	20.7%	21.1%	21.9%	22.5%	21.6%	20.7%	19.5%	21.1%	20.9%	22.5%	23.0%	25.0%	25.9%	34.1%	34.11%
Gross Margin	38.8%	37.8%	37.0%	36.2%	36.2%	36.6%	37.2%	37.5%	37.7%	36.7%	37.4%	37.1%	37.8%	38.1%	38.6%	37.7%	38.5%	38.6%	38.9%	38.0%	37.99%
Operating Margin	14.6%	12.2%	13.4%	13.6%	13.9%	13.6%	14.8%	16.0%	14.7%	13.1%	14.1%	13.7%	14.7%	14.8%	15.7%	15.8%	14.4%	14.4%	16.1%	14.7%	14.68%
Net Margin	9.1%	9.6%	11.0%	10.3%	10.8%	8.5%	12.8%	12.1%	10.7%	9.7%	11.2%	10.2%	11.2%	10.5%	13.3%	12.8%	11.0%	11.1%	11.8%	10.8%	10.85%
EBITDA Margin	17.7%	19.5%	20.6%	19.7%	20.3%	17.8%	20.2%	18.8%	21.4%	18.5%	19.1%	17.4%	22.0%	20.3%	20.7%	20.0%	21.4%	20.8%	19.2%	17.4%	17.43%
FCF Margin	14.3%	13.1%	8.5%	11.2%	9.9%	8.6%	11.3%	8.5%	9.0%	9.7%	7.3%	8.8%	11.0%	12.1%	12.9%	14.1%	14.2%	14.3%	13.8%	12.3%	12.29%
OCF Margin	17.7%	16.4%	12.0%	14.5%	12.9%	11.8%	14.1%	11.5%	12.4%	13.0%	10.4%	11.7%	13.7%	14.6%	15.4%	16.7%	16.7%	16.8%	16.2%	14.6%	14.65%
ROE 3Y Avg	snapshot only																				24.03%
ROE 5Y Avg	snapshot only																				22.23%
ROA 3Y Avg	snapshot only																				13.34%
ROIC 3Y Avg	snapshot only																				18.98%
ROIC Economic	snapshot only																				19.56%
Cash ROA	snapshot only																				18.75%
Cash ROIC	snapshot only																				30.61%
CROIC	snapshot only																				25.69%
NOPAT Margin	snapshot only																				11.45%
Pretax Margin	snapshot only																				14.55%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				20.93%
SBC / Revenue	snapshot only																				3.02%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	35.71	43.01	40.80	39.30	35.70	40.10	34.73	29.70	26.70	27.90	29.13	28.77	33.13	36.78	35.95	30.42	29.49	27.47	18.99	15.81	22.484
P/S Ratio	3.94	4.40	4.08	3.95	3.73	4.06	3.70	3.30	2.95	3.16	3.18	3.01	3.52	3.97	4.08	3.65	3.51	3.30	2.21	1.77	2.423
P/B Ratio	6.19	7.12	6.93	7.27	7.06	7.56	6.91	6.10	5.49	5.79	6.60	6.03	6.86	7.84	7.68	6.78	7.48	7.56	6.13	4.56	6.296
P/FCF	27.56	33.55	47.77	35.34	37.88	47.26	32.72	38.90	32.80	32.50	43.56	34.13	32.04	32.81	31.62	25.88	24.82	23.13	16.11	14.37	14.370
P/OCF	22.25	26.77	34.12	27.17	28.99	34.51	26.27	28.80	23.84	24.38	30.59	25.62	25.70	27.16	26.46	21.91	21.02	19.66	13.68	12.06	12.060
EV/EBITDA	18.02	21.57	21.06	20.71	18.89	20.80	19.15	17.24	15.07	15.93	16.89	16.19	18.49	20.16	20.38	17.54	17.12	16.09	11.49	9.46	9.462
EV/Revenue	3.93	4.42	4.17	4.02	3.79	4.07	3.74	3.32	2.95	3.14	3.28	3.09	3.57	3.98	4.11	3.64	3.53	3.34	2.34	1.86	1.858
EV/EBIT	26.85	32.20	31.23	30.25	26.69	28.96	26.03	22.03	19.58	20.41	21.52	20.98	23.92	26.05	26.13	22.18	21.77	20.20	14.16	11.67	11.668
EV/FCF	27.47	33.73	48.81	35.99	38.43	47.36	33.03	39.14	32.77	32.36	44.95	35.02	32.51	32.88	31.80	25.79	24.93	23.38	17.00	15.11	15.112
Earnings Yield	2.8%	2.3%	2.5%	2.5%	2.8%	2.5%	2.9%	3.4%	3.7%	3.6%	3.4%	3.5%	3.0%	2.7%	2.8%	3.3%	3.4%	3.6%	5.3%	6.3%	6.33%
FCF Yield	3.6%	3.0%	2.1%	2.8%	2.6%	2.1%	3.1%	2.6%	3.0%	3.1%	2.3%	2.9%	3.1%	3.0%	3.2%	3.9%	4.0%	4.3%	6.2%	7.0%	6.96%
PEG Ratio	snapshot only																				2.525
Price/Tangible Book	snapshot only																				9.459
EV/OCF	snapshot only																				12.683
EV/Gross Profit	snapshot only																				4.824
Acquirers Multiple	snapshot only																				12.470
Shareholder Yield	snapshot only																				11.52%
Graham Number	snapshot only																				$14.44

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	2.44	1.16	2.57	2.10	2.02	2.20	2.01	2.36	2.12	2.07	2.53	2.44	3.00	2.73	3.39	3.13	2.89	2.56	2.66	1.24	1.244
Quick Ratio	2.44	1.16	2.57	2.10	2.02	2.20	2.01	2.36	2.12	2.07	2.53	2.44	3.00	2.73	3.39	3.13	2.89	2.56	2.66	1.24	1.244
Debt/Equity	0.41	0.50	0.54	0.53	0.48	0.41	0.33	0.34	0.32	0.31	0.52	0.49	0.47	0.39	0.38	0.32	0.46	0.44	0.67	0.56	0.563
Net Debt/Equity	-0.02	0.04	0.15	0.13	0.10	0.01	0.06	0.04	-0.01	-0.03	0.21	0.16	0.10	0.02	0.04	-0.02	0.03	0.08	0.34	0.24	0.236
Debt/Assets	0.24	0.27	0.30	0.28	0.26	0.23	0.20	0.21	0.19	0.19	0.29	0.28	0.26	0.23	0.23	0.20	0.25	0.24	0.31	0.28	0.279
Debt/EBITDA	1.18	1.51	1.62	1.48	1.28	1.14	0.90	0.96	0.88	0.84	1.29	1.28	1.25	1.01	1.01	0.83	1.04	0.93	1.18	1.11	1.111
Net Debt/EBITDA	-0.06	0.12	0.45	0.37	0.27	0.04	0.18	0.10	-0.01	-0.07	0.52	0.41	0.27	0.04	0.12	-0.06	0.08	0.17	0.60	0.46	0.465
Interest Coverage	16.72	20.38	26.64	33.93	33.92	24.04	19.79	18.59	17.82	19.05	19.43	16.57	15.27	14.57	14.87	16.95	17.80	11.47	11.92	11.61	11.612
Equity Multiplier	1.71	1.85	1.82	1.88	1.87	1.78	1.65	1.63	1.64	1.62	1.79	1.76	1.77	1.74	1.66	1.61	1.82	1.87	2.15	2.02	2.018
Cash Ratio	snapshot only																				0.403
Debt Service Coverage	snapshot only																				14.320
Cash to Debt	snapshot only																				0.582
FCF to Debt	snapshot only																				0.564
Defensive Interval	snapshot only																				496.2 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.90	0.89	0.95	1.03	1.07	1.07	1.15	1.16	1.17	1.17	1.21	1.19	1.18	1.20	1.22	1.23	1.21	1.26	1.29	1.29	1.295
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	6.14	6.51	5.93	5.98	5.91	6.20	5.58	5.84	5.65	5.71	5.29	5.51	5.46	5.64	5.29	5.57	5.61	6.11	5.61	5.52	5.517
Payables Turnover	144.72	99.67	112.92	191.46	264.72	122.30	229.96	263.00	300.36	159.28	322.64	357.02	307.01	209.77	270.37	272.07	230.74	241.91	156.99	216.58	216.577
DSO	59	56	62	61	62	59	65	63	65	64	69	66	67	65	69	66	65	60	65	66	66.2 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	3	4	3	2	1	3	2	1	1	2	1	1	1	2	1	1	2	2	2	2	1.7 days
Cash Conversion Cycle	57	52	58	59	60	56	64	61	63	62	68	65	66	63	68	64	63	58	63	64	64.5 days
Fixed Asset Turnover	snapshot only																				10.549
Cash Velocity	snapshot only																				7.883
Capital Intensity	snapshot only																				0.781

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	11.3%	17.1%	22.2%	22.9%	23.9%	25.8%	24.7%	22.2%	19.4%	15.5%	12.3%	10.9%	11.3%	12.7%	14.2%	15.2%	14.4%	13.6%	13.4%	13.6%	13.63%
Net Income	51.0%	28.3%	20.2%	7.0%	17.5%	24.6%	32.9%	35.1%	26.3%	29.1%	15.1%	4.3%	6.7%	7.4%	18.7%	32.2%	28.5%	26.6%	16.4%	5.8%	5.79%
EPS	52.4%	29.3%	21.8%	9.4%	19.7%	25.6%	32.7%	35.7%	27.2%	30.9%	17.1%	7.2%	9.6%	9.1%	20.3%	32.0%	29.7%	28.0%	22.1%	13.7%	13.65%
FCF	5.1%	-8.5%	-46.2%	-10.7%	-14.6%	-17.6%	65.1%	-7.3%	9.1%	30.6%	-27.5%	15.2%	35.5%	40.3%	1.0%	84.4%	47.6%	34.1%	20.7%	-1.0%	-1.00%
EBITDA	24.3%	12.7%	9.1%	2.2%	14.0%	20.0%	22.9%	21.1%	16.6%	16.5%	12.0%	9.7%	9.7%	12.7%	18.3%	25.3%	22.2%	19.5%	14.4%	7.5%	7.54%
Op. Income	66.3%	41.7%	27.6%	13.0%	12.1%	23.3%	31.2%	32.9%	32.9%	24.2%	16.0%	5.4%	4.7%	10.4%	16.5%	26.4%	24.5%	19.0%	16.6%	11.0%	11.03%
OCF Growth	snapshot only																				-0.12%
Asset Growth	snapshot only																				2.31%
Equity Growth	snapshot only																				-18.35%
Debt Growth	snapshot only																				43.19%
Shares Change	snapshot only																				-6.92%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	8.3%	8.3%	9.1%	10.0%	11.2%	12.5%	14.1%	16.4%	18.1%	19.4%	19.6%	18.5%	18.1%	17.9%	16.9%	16.0%	15.0%	13.9%	13.3%	13.2%	13.22%
Revenue 5Y	9.8%	10.3%	11.1%	11.9%	12.4%	13.1%	13.5%	13.8%	13.5%	13.0%	12.7%	12.5%	12.8%	13.1%	13.8%	15.1%	16.0%	16.8%	17.2%	16.9%	16.86%
EPS 3Y	41.1%	27.5%	36.5%	41.3%	41.9%	29.4%	29.0%	35.9%	32.4%	28.5%	23.7%	16.7%	18.6%	21.5%	23.2%	24.3%	21.8%	22.3%	19.8%	17.2%	17.16%
EPS 5Y	14.5%	13.6%	13.8%	13.9%	14.5%	24.1%	24.4%	29.5%	33.7%	27.8%	31.7%	32.6%	31.8%	25.3%	24.8%	28.8%	27.0%	24.3%	22.7%	19.0%	19.00%
Net Income 3Y	39.7%	26.5%	35.1%	39.9%	40.6%	28.3%	28.0%	34.0%	30.8%	27.3%	22.5%	14.7%	16.6%	20.0%	22.0%	23.1%	20.1%	20.6%	16.7%	13.4%	13.42%
Net Income 5Y	14.2%	13.2%	13.0%	13.0%	13.6%	23.9%	23.4%	28.3%	32.3%	26.6%	30.4%	31.0%	30.2%	24.0%	23.4%	27.1%	25.2%	22.9%	20.5%	16.1%	16.09%
EBITDA 3Y	22.0%	25.5%	22.0%	21.4%	22.0%	16.2%	16.4%	18.2%	18.2%	16.4%	14.5%	10.7%	13.4%	16.4%	17.6%	18.6%	16.0%	16.2%	14.9%	13.9%	13.94%
EBITDA 5Y	14.5%	13.9%	14.1%	15.2%	16.5%	17.0%	18.2%	18.8%	19.2%	22.6%	20.1%	18.9%	18.3%	15.5%	15.9%	17.9%	17.2%	16.2%	15.2%	12.9%	12.85%
Gross Profit 3Y	13.4%	13.1%	13.1%	13.5%	14.4%	15.3%	17.2%	21.2%	22.2%	22.0%	20.7%	17.3%	16.4%	17.0%	17.0%	16.7%	16.5%	15.8%	15.2%	14.8%	14.82%
Gross Profit 5Y	12.1%	12.6%	13.2%	13.8%	13.9%	14.5%	15.1%	15.6%	15.6%	15.3%	14.8%	14.6%	15.0%	15.5%	16.4%	18.6%	19.0%	19.1%	18.6%	16.9%	16.94%
Op. Income 3Y	29.1%	46.3%	45.4%	52.0%	51.4%	36.0%	33.6%	39.5%	35.3%	29.5%	24.7%	16.5%	16.0%	19.1%	21.0%	21.0%	20.1%	17.8%	16.4%	13.9%	13.94%
Op. Income 5Y	18.4%	19.4%	19.5%	20.4%	20.2%	19.8%	22.3%	24.7%	26.2%	36.8%	36.1%	37.5%	37.0%	28.1%	26.4%	29.3%	26.4%	23.3%	21.4%	17.3%	17.31%
FCF 3Y	46.1%	41.4%	13.2%	19.4%	6.5%	-1.8%	16.9%	-2.2%	-0.7%	-0.5%	-13.7%	-1.6%	8.1%	14.7%	34.2%	25.3%	29.7%	34.9%	20.9%	28.1%	28.11%
FCF 5Y	15.9%	14.6%	2.4%	9.7%	9.3%	9.2%	22.7%	23.2%	23.8%	25.0%	11.7%	12.7%	12.3%	11.6%	18.5%	14.7%	14.4%	13.1%	9.4%	11.7%	11.73%
OCF 3Y	29.4%	25.9%	9.4%	13.2%	4.3%	-0.5%	12.6%	-0.5%	1.5%	1.3%	-9.2%	0.4%	8.4%	13.3%	27.3%	21.4%	25.4%	28.3%	18.7%	22.9%	22.86%
OCF 5Y	14.2%	13.0%	3.9%	8.8%	8.1%	8.0%	16.3%	17.2%	17.6%	18.0%	9.8%	9.7%	9.8%	9.8%	14.9%	12.8%	12.4%	11.6%	8.5%	10.6%	10.60%
Assets 3Y	3.8%	6.5%	2.5%	4.3%	4.8%	4.4%	1.1%	4.5%	4.8%	4.9%	5.5%	8.7%	11.3%	8.1%	9.6%	9.8%	9.5%	8.1%	8.6%	8.7%	8.65%
Assets 5Y	11.8%	12.7%	11.9%	11.5%	11.4%	10.3%	10.4%	11.5%	6.1%	6.3%	4.0%	5.7%	7.0%	6.5%	5.8%	7.4%	7.3%	6.4%	6.5%	8.4%	8.37%
Equity 3Y	6.1%	3.9%	3.6%	2.3%	2.8%	4.2%	6.6%	7.0%	6.4%	7.3%	3.4%	5.4%	9.8%	10.3%	13.1%	15.7%	10.6%	6.4%	-0.7%	1.3%	1.26%
Book Value 3Y	7.1%	4.7%	4.7%	3.3%	3.8%	5.1%	7.5%	8.5%	7.7%	8.4%	4.4%	7.3%	11.8%	11.7%	14.2%	16.8%	12.2%	7.8%	1.9%	4.6%	4.60%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.96	0.93	0.91	0.92	0.90	0.86	0.86	0.89	0.89	0.88	0.88	0.90	0.92	0.94	0.96	0.99	1.00	1.00	1.00	1.00	0.997
Earnings Stability	0.38	0.75	0.71	0.66	0.67	0.95	0.93	0.93	0.97	0.97	0.99	0.97	0.98	0.99	0.99	0.96	0.98	0.98	0.99	0.96	0.955
Margin Stability	0.94	0.95	0.95	0.93	0.94	0.95	0.95	0.93	0.94	0.95	0.96	0.95	0.95	0.95	0.95	0.94	0.95	0.96	0.98	0.98	0.981
Rev. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.89	0.92	0.97	0.93	0.90	0.87	0.86	0.89	0.88	0.94	0.98	0.97	0.97	0.93	0.87	0.89	0.89	0.93	0.98	0.977
Earnings Smoothness	0.59	0.75	0.82	0.93	0.84	0.78	0.72	0.70	0.77	0.75	0.86	0.96	0.94	0.93	0.83	0.72	0.75	0.77	0.85	0.94	0.944
ROE Trend	0.08	0.05	0.04	0.05	0.06	0.04	0.05	0.03	0.02	0.03	0.04	0.01	0.01	0.02	0.00	0.02	0.05	0.06	0.10	0.07	0.072
Gross Margin Trend	0.05	0.04	0.03	0.02	0.01	-0.00	-0.00	-0.01	-0.01	-0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.009
FCF Margin Trend	0.01	-0.02	-0.06	-0.04	-0.05	-0.06	-0.03	-0.05	-0.03	-0.01	-0.03	-0.01	0.02	0.03	0.04	0.05	0.04	0.03	0.04	0.01	0.008
Sustainable Growth Rate	17.0%	16.3%	16.7%	17.9%	20.1%	19.7%	21.1%	22.5%	22.6%	22.4%	22.8%	21.2%	21.3%	21.8%	23.8%	24.7%	26.0%	27.2%	28.1%	25.9%	25.94%
Internal Growth Rate	11.0%	10.0%	10.5%	11.5%	12.6%	12.2%	14.0%	14.8%	14.9%	15.3%	15.3%	14.2%	14.3%	14.9%	16.1%	17.3%	16.9%	17.8%	17.7%	16.9%	16.91%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.60	1.61	1.20	1.45	1.23	1.16	1.32	1.03	1.12	1.14	0.95	1.12	1.29	1.35	1.36	1.39	1.40	1.40	1.39	1.31	1.311
FCF/OCF	0.81	0.80	0.71	0.77	0.77	0.73	0.80	0.74	0.73	0.75	0.70	0.75	0.80	0.83	0.84	0.85	0.85	0.85	0.85	0.84	0.839
FCF/Net Income	snapshot only																				1.100
OCF/EBITDA	snapshot only																				0.746
CapEx/Revenue	3.4%	3.3%	3.4%	3.4%	3.0%	3.2%	2.8%	3.0%	3.4%	3.2%	3.1%	2.9%	2.7%	2.5%	2.5%	2.6%	2.6%	2.5%	2.4%	2.4%	2.35%
CapEx/Depreciation	snapshot only																				0.634
Accruals Ratio	-0.06	-0.06	-0.02	-0.05	-0.03	-0.02	-0.04	-0.00	-0.02	-0.02	0.01	-0.02	-0.04	-0.05	-0.05	-0.06	-0.06	-0.06	-0.06	-0.04	-0.045
Sloan Accruals	snapshot only																				-0.285
Cash Flow Adequacy	snapshot only																				6.222
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	1.1%	1.0%	1.0%	95.5%	74.9%	50.8%	52.9%	48.5%	57.6%	71.4%	1.3%	1.2%	1.2%	1.0%	34.1%	45.3%	95.7%	1.3%	1.9%	1.8%	1.82%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	3.0%	2.4%	2.5%	2.4%	2.1%	1.3%	1.5%	1.6%	2.2%	2.6%	4.6%	4.3%	3.6%	2.9%	0.9%	1.5%	3.2%	4.8%	10.0%	11.5%	11.52%
Net Buyback Yield	3.0%	2.4%	2.5%	2.4%	2.1%	1.2%	1.5%	1.5%	2.0%	2.5%	4.4%	4.2%	3.6%	2.8%	0.9%	1.4%	3.2%	4.7%	9.8%	11.4%	11.37%
Total Shareholder Return	3.0%	2.4%	2.5%	2.4%	2.1%	1.2%	1.5%	1.5%	2.0%	2.5%	4.4%	4.2%	3.6%	2.8%	0.9%	1.4%	3.2%	4.7%	9.8%	11.4%	11.37%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.80	0.78	0.78	0.78	0.76	0.75	0.78	0.78	0.78	0.78	0.75	0.76	0.76	0.76	0.78	0.78	0.78	0.80	0.77	0.77	0.768
Interest Burden (EBT/EBIT)	0.94	0.95	0.96	0.97	0.97	0.96	0.95	0.95	0.94	0.95	0.95	0.94	0.93	0.93	0.93	0.94	0.94	0.91	0.92	0.91	0.914
EBIT Margin	0.15	0.14	0.13	0.13	0.14	0.14	0.14	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.16	0.16	0.16	0.17	0.17	0.16	0.159
Asset Turnover	0.90	0.89	0.95	1.03	1.07	1.07	1.15	1.16	1.17	1.17	1.21	1.19	1.18	1.20	1.22	1.23	1.21	1.26	1.29	1.29	1.295
Equity Multiplier	1.71	1.79	1.75	1.74	1.79	1.81	1.73	1.75	1.74	1.69	1.72	1.70	1.71	1.68	1.72	1.68	1.80	1.80	1.87	1.79	1.793

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.69	$0.67	$0.70	$0.75	$0.83	$0.85	$0.93	$1.02	$1.05	$1.11	$1.09	$1.09	$1.15	$1.21	$1.31	$1.44	$1.49	$1.54	$1.60	$1.64	$1.64
Book Value/Share	$3.98	$4.07	$4.13	$4.05	$4.17	$4.48	$4.69	$4.95	$5.11	$5.33	$4.82	$5.20	$5.56	$5.66	$6.15	$6.46	$5.89	$5.62	$4.96	$5.67	$5.68
Tangible Book/Share	$1.66	$1.22	$1.29	$1.22	$1.36	$1.70	$1.94	$2.21	$2.37	$2.60	$2.10	$2.46	$2.63	$2.80	$3.31	$3.64	$3.05	$2.81	$2.09	$2.73	$2.73
Revenue/Share	$6.25	$6.58	$7.02	$7.46	$7.89	$8.35	$8.74	$9.15	$9.49	$9.77	$10.00	$10.43	$10.85	$11.19	$11.56	$11.99	$12.53	$12.85	$13.75	$14.64	$14.67
FCF/Share	$0.89	$0.86	$0.60	$0.83	$0.78	$0.72	$0.99	$0.78	$0.85	$0.95	$0.73	$0.92	$1.19	$1.35	$1.49	$1.69	$1.77	$1.83	$1.89	$1.80	$1.80
OCF/Share	$1.11	$1.08	$0.84	$1.08	$1.02	$0.98	$1.23	$1.05	$1.18	$1.27	$1.04	$1.22	$1.48	$1.63	$1.78	$2.00	$2.09	$2.16	$2.23	$2.14	$2.15
Cash/Share	$1.69	$1.88	$1.63	$1.61	$1.59	$1.79	$1.23	$1.51	$1.65	$1.77	$1.50	$1.72	$2.04	$2.13	$2.07	$2.22	$2.48	$2.02	$1.62	$1.86	$1.86
EBITDA/Share	$1.36	$1.35	$1.39	$1.45	$1.58	$1.63	$1.71	$1.76	$1.86	$1.93	$1.94	$1.99	$2.09	$2.21	$2.33	$2.49	$2.58	$2.67	$2.80	$2.87	$2.87
Debt/Share	$1.61	$2.04	$2.25	$2.15	$2.02	$1.85	$1.53	$1.70	$1.63	$1.63	$2.52	$2.54	$2.61	$2.23	$2.35	$2.08	$2.69	$2.48	$3.31	$3.19	$3.19
Net Debt/Share	$-0.08	$0.16	$0.62	$0.54	$0.43	$0.07	$0.30	$0.18	$-0.03	$-0.14	$1.01	$0.82	$0.57	$0.10	$0.27	$-0.15	$0.20	$0.46	$1.69	$1.34	$1.34

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6.093
Altman Z-Prime	snapshot only																				9.825
Piotroski F-Score	8	6	6	6	6	8	7	9	9	8	7	6	7	8	9	8	8	7	7	7	7
Beneish M-Score	-2.62	-2.41	-2.10	-2.32	-2.19	-2.24	-2.44	-2.32	-2.43	-2.41	-2.33	-2.43	-2.49	-2.58	-2.57	-2.60	-2.69	-2.80	-2.68	-2.62	-2.622
Ohlson O-Score	snapshot only																				-8.053
ROIC (Greenblatt)	snapshot only																				92.83%
Net-Net WC	snapshot only																				$-0.04
EVA	snapshot only																				$149042080.49

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA
Credit Score	87.54	84.68	88.13	89.62	88.99	89.46	92.06	92.19	91.79	92.70	87.00	87.54	88.90	86.48	86.38	92.56	88.31	88.73	87.37	87.51	87.507
Credit Grade	snapshot only																				3
Credit Trend	snapshot only																				-5.057
Implied Spread (bps)	snapshot only																				80.000
Industry Credit Rank	snapshot only																				74
Sector Credit Rank	snapshot only																				77

EXLS NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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