Conduent Inc (CNDT)

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government, and Transportation. The Commercial segment offers business process services and customized solutions, customer experience management, business process as a service, integrated digital solutions, healthcare claims and administration, and human capital solutions. Its Government segment provides government-centric business process services to the United States federal, state, local, and foreign governments for public assistance, healthcare program and administration, transaction processing, case management, and payment services; and digital payments, child support payments, government healthcare, and eligibility and enrollment solutions. The Transportation segment offers systems, support, and revenue-generating solutions that include road usage charging and management solutions; transit solutions; computer-aided dispatch/automatic vehicle location technology to help clients manage their fleet operations; and tolling, transit, and digital payment solutions that streamline operations. This segment also provides electronic tolling, urban congestion management, and mileage-based user solutions. Conduent Incorporated was founded in 2016 and is headquartered in Florham Park, New Jersey.

Ticker
CNDT
Exchange
Nasdaq
Sector
Technology
Industry
Information Technology Services
Market cap
$221.07M
52-week range
$1.15 - $2.32

Valuation

Share price
$1.42 (close of Nov 6, 2026)
P/E (TTM)
-0.90x
Price to book
0.47x
Price to free cash flow
-2.07x
Enterprise value
$294.07M
Book value per share
$3.03

Price performance

PeriodChange
1 day-13.41%
5 days-7.79%
1 month-12.35%
3 months-18.86%
6 months-18.86%
Year to date-26.04%
1 year-36.04%
3 years-42.51%
5 years-77.13%
All time-91.12%

Short interest

As of
Oct 15, 2026
Short % of float
2.86%
Shares short
3.82M
Days to cover
3.63
Change since prior report
-11.35%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-24.82%
Return on invested capital
-7.34%*
Return on assets
-7.09%
Return on capital employed
-6.53%*
Gross margin
18.15%
Net margin
-5.59%
EBITDA margin
2.70%
Revenue growth
-9.36%
Net income growth
-139.91%

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash flow and balance sheet

Free cash flow yield (TTM)
-48.40%
Current ratio
1.41x
Net debt to EBITDA
0.99x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$3.04B
Cost of revenue
$2.49B
Gross profit
$552.00M
EBITDA
$82.00M
Net income
-$170.00M
Earnings per share
$-1.14
Research and development
$4.00M
Interest expense
$48.00M
Shares outstanding
158.42M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$3.04B$552.00M-$170.00M-$1.14
2024-12-31$3.36B$626.00M$426.00M$2.28
2023-12-31$3.72B$834.00M-$296.00M-$1.41
2022-12-31$3.86B$840.00M-$182.00M-$0.89
2021-12-31$4.14B$1.00B-$28.00M-$0.18
2020-12-31$4.16B$954.00M-$118.00M-$0.61
2019-12-31$4.47B$973.00M-$1.93B-$9.29
2018-12-31$5.39B$1.21B-$416.00M-$2.06
2017-12-31$6.02B$1.04B$181.00M$0.84
2016-12-31$6.41B$910.00M-$983.00M-$4.85

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3118.15%-5.59%-24.82%-7.34%*
2024-12-3118.65%12.69%50.53%29.96%*
2023-12-3122.41%-7.95%-46.76%-8.70%*
2022-12-3121.77%-4.72%-19.85%-1.76%*
2021-12-3124.20%-0.68%-2.47%0.96%*
2020-12-3122.92%-2.83%-9.92%-1.94%*
2019-12-3121.78%-43.30%-148.77%-59.22%*
2018-12-3122.46%-7.71%-12.91%-5.91%*
2017-12-3117.35%3.01%5.13%2.16%*
2016-12-3114.20%-15.34%-29.90%-18.03%*

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash and debt by year

Period endCashDebt
2025-12-31$233.00M$665.00M
2024-12-31$366.00M$615.00M
2023-12-31$498.00M$1.25B
2022-12-31$582.00M$1.28B
2021-12-31$415.00M$1.38B
2020-12-31$450.00M$1.42B
2019-12-31$496.00M$1.46B
2018-12-31$756.00M$1.51B
2017-12-31$658.00M$1.98B
2016-12-31$390.00M$1.91B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$132.00M$19.00M
2024-12-31-$78.00M$19.00M
2023-12-31$38.00M$19.00M
2022-12-31$52.00M$21.00M
2021-12-31$163.00M$21.00M
2020-12-31$85.00M$20.00M
2019-12-31-$16.00M$24.00M
2018-12-31$104.00M$38.00M
2017-12-31$204.00M$40.00M
2016-12-31-$54.00M$23.00M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-05Sep 2026-$0.05
2026-08-10Jun 2026-$0.14
2026-05-11Mar 2026-$0.19
2025-11-07Sep 2025-$0.07
2025-08-06Jun 2025-$0.19
2025-05-07Mar 2025-$0.19
2025-02-12Dec 2024-$0.09
2024-11-06Sep 2024-$0.16

Filings and sources

Company website
conduent.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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