DXC Technology vs NCR Voyix
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KIRA’s take AI analyst
I put DXC Technology and NCR Voyix side by side, using each one’s latest annual report. Here is what stands out:
- DXC Technology is the larger business, with $12.6B of revenue in fiscal 2026 against $2.7B for NCR Voyix, about 4.7 times as much.
- DXC Technology grew revenue faster (−1.8%, against −4.7%).
- DXC Technology kept more of each dollar of sales as operating profit (7.7% operating margin, against 1.0%).
- DXC Technology turned more of its sales into free cash flow (8.2% FCF margin, against −14.0%).
- DXC Technology earned a higher return on the capital invested in it (9.2%, against 1.3%).
- Investors pay more for each dollar of DXC Technology’s earnings: a P/E of 21.4x against 19.9x for NCR Voyix.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
DXC Technology
DXC
8/10
Revenue growth5-year growthOperating marginFCF marginReturn on capitalPiotroski F-scoreNet debt / EBITDAShare count change
NCR Voyix
VYX
2/10
Net marginReturn on equity
Side by side
Best in the row
| Latest fiscal year | DXC FY26 | VYX FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.7B | $1.1B |
| Revenue | $12.6B | $2.7B |
| Free cash flow | $1.0B | −$375M |
| Net income | $18.0M | $62.0M |
| Growth | ||
| Revenue growth | −1.8% | −4.7% |
| 5-year growth | −6.5% | −15.4% |
| Share count change | −3.4% | −2.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 7.7% | 1.0% |
| Net margin | 0.1% | 2.3% |
| FCF margin | 8.2% | −14.0% |
| Return on capital | 9.2% | 1.3% |
| Return on equity | 0.6% | 6.6% |
| Balance sheet | ||
| Net debt | $1.8B | $893M |
| Net debt / EBITDA | 0.8x | 3.5x |
| Dividends and buybacks | $249M | $74.0M |
| Valuation & quality | ||
| P/E | 21.4x | 19.9x |
| Piotroski F-score | 7 | 3 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.