Xerox Holdings Corporation (XRX) Financial Ratios
30 years of historical data (1996–2025) · Technology · Information Technology Services
EV/EBITDA
↑
15.02
↑+37% vs avg
5yr avg: 10.96
30Y Low4.1·High14.7
P/FCF
↓
1.52
↓-80% vs avg
5yr avg: 7.47
30Y Low1.2·High22.3
P/B Ratio
↓
0.57
↓-25% vs avg
5yr avg: 0.76
30Y Low0.4·High4.5
ROE
↓
-104.1%
↑-180% vs avg
5yr avg: -37.2%
30Y Low-104%·High25%
Debt/EBITDA
↑
15.44
↑+73% vs avg
5yr avg: 8.93
30Y Low2.5·High15.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
XRX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Xerox Holdings Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 1.5x P/FCF, 80% below the 5-year average of 7.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $395M | $300M | $1.0B | $2.7B | $2.3B | $4.1B | $4.9B | $8.2B | $5.0B | $7.5B | $5.9B |
| Enterprise Value | $4.1B | $4.0B | $4.1B | $5.7B | $5.2B | $6.8B | $7.1B | $10.1B | $9.1B | $11.7B | $10.0B |
| P/E Ratio → | -0.37 | — | — | — | — | — | 27.61 | 12.71 | 13.82 | 41.06 | — |
| P/S Ratio | 0.06 | 0.04 | 0.17 | 0.40 | 0.32 | 0.59 | 0.70 | 0.90 | 0.51 | 0.73 | 0.55 |
| P/B Ratio | 0.57 | 0.45 | 0.80 | 0.99 | 0.64 | 0.93 | 0.84 | 1.41 | 0.95 | 1.36 | 1.16 |
| P/FCF | 1.52 | 1.16 | 2.24 | 4.21 | 22.33 | 7.39 | 10.34 | 6.45 | 4.74 | — | 6.69 |
| P/OCF | 1.13 | 0.86 | 2.05 | 3.98 | 14.33 | 6.59 | 8.95 | 6.14 | 4.36 | 219.97 | 5.78 |
P/E links to full P/E history page with 30-year chart
XRX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Xerox Holdings Corporation's enterprise value stands at 15.0x EBITDA, 37% above its 5-year average of 11.0x. The Technology sector median is 16.7x, placing the stock at a 10% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.57 | 0.65 | 0.82 | 0.73 | 0.97 | 1.01 | 1.11 | 0.93 | 1.14 | 0.93 |
| EV / EBITDA | 15.02 | 14.67 | 9.37 | 9.39 | 10.76 | 10.58 | 10.51 | 5.53 | 5.62 | 8.05 | 6.26 |
| EV / EBIT | — | — | — | 141.83 | — | — | 20.42 | 10.83 | 12.84 | 16.99 | 13.33 |
| EV / FCF | — | 15.58 | 8.69 | 8.74 | 50.86 | 12.20 | 14.90 | 7.95 | 8.68 | — | 11.34 |
XRX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Xerox Holdings Corporation earns an operating margin of -0.8%. Operating margins have compressed from 5.1% to -0.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -104.1% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.1% | 27.1% | 31.5% | 33.6% | 32.6% | 34.1% | 34.8% | 40.3% | 39.9% | 39.6% | 39.6% |
| Operating Margin | -0.8% | -0.8% | 2.6% | 5.1% | 3.0% | 4.5% | 4.3% | 15.3% | 11.1% | 9.1% | 9.6% |
| Net Profit Margin | -14.7% | -14.7% | -21.2% | 0.0% | -4.5% | -6.5% | 2.7% | 7.1% | 3.7% | 1.9% | 5.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -104.1% | -104.1% | -64.8% | 0.0% | -8.0% | -8.9% | 3.3% | 11.6% | 6.7% | 3.7% | 8.5% |
| ROA | -11.3% | -11.3% | -14.4% | 0.0% | -2.6% | -3.3% | 1.3% | 4.3% | 2.3% | 1.1% | 2.9% |
| ROIC | -1.0% | -1.0% | 2.4% | 4.3% | 2.3% | 3.2% | 2.9% | 12.2% | 8.6% | 7.4% | 6.3% |
| ROCE | -0.9% | -0.9% | 2.5% | 4.6% | 2.3% | 2.8% | 2.5% | 11.9% | 8.8% | 7.0% | 6.2% |
XRX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Xerox Holdings Corporation carries a Debt/EBITDA ratio of 15.4x, which is highly leveraged (425% above the sector average of 2.9x). Net debt stands at $3.7B ($4.2B total debt minus $512M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.31 | 6.31 | 2.75 | 1.25 | 1.11 | 1.02 | 0.82 | 0.80 | 1.00 | 1.00 | 1.25 |
| Debt / EBITDA | 15.44 | 15.44 | 8.29 | 5.73 | 8.21 | 7.01 | 7.12 | 2.54 | 3.22 | 3.79 | 3.96 |
| Net Debt / Equity | — | 5.55 | 2.31 | 1.06 | 0.81 | 0.61 | 0.37 | 0.33 | 0.79 | 0.77 | 0.81 |
| Net Debt / EBITDA | 13.58 | 13.58 | 6.96 | 4.87 | 6.04 | 4.17 | 3.22 | 1.04 | 2.55 | 2.91 | 2.57 |
| Debt / FCF | — | 14.42 | 6.45 | 4.53 | 28.53 | 4.81 | 4.56 | 1.50 | 3.95 | — | 4.65 |
| Interest Coverage | -0.97 | -0.97 | -9.22 | 0.59 | -2.57 | -3.92 | 3.68 | 8.87 | 6.23 | 5.79 | 4.14 |
XRX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.12x means Xerox Holdings Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.80x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.12 | 1.12 | 1.12 | 1.14 | 1.23 | 1.66 | 2.33 | 1.79 | 1.44 | 1.91 | 1.50 |
| Quick Ratio | 0.80 | 0.80 | 0.86 | 0.91 | 0.99 | 1.42 | 1.99 | 1.59 | 1.19 | 1.57 | 1.32 |
| Cash Ratio | 0.16 | 0.16 | 0.22 | 0.19 | 0.31 | 0.65 | 1.06 | 0.80 | 0.33 | 0.47 | 0.48 |
| Asset Turnover | — | 0.72 | 0.74 | 0.69 | 0.62 | 0.53 | 0.48 | 0.60 | 0.66 | 0.64 | 0.59 |
| Inventory Turnover | 5.04 | 5.04 | 6.13 | 6.92 | 6.01 | 6.66 | 5.43 | 7.80 | 7.22 | 6.78 | 7.74 |
| Days Sales Outstanding | — | 88.57 | 86.48 | 94.14 | 104.67 | 101.91 | 108.79 | 101.94 | 96.80 | 100.59 | 34.19 |
XRX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Xerox Holdings Corporation returns 18.6% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 18.6% | 23.7% | 13.5% | 6.0% | 7.6% | 5.0% | 4.7% | 3.0% | 5.4% | 3.7% | 5.2% |
| Payout Ratio | — | — | — | 16500.0% | — | — | 119.8% | 37.8% | 74.5% | 140.5% | 49.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 3.6% | 7.9% | 7.2% | 2.4% | — |
| FCF Yield | 65.6% | 86.4% | 44.6% | 23.7% | 4.5% | 13.5% | 9.7% | 15.5% | 21.1% | — | 14.9% |
| Buyback Yield | 0.0% | 0.0% | 0.8% | 19.9% | 5.0% | 21.4% | 6.1% | 7.3% | 14.1% | 0.2% | 0.0% |
| Total Shareholder Yield | 18.6% | 23.7% | 14.2% | 25.9% | 12.6% | 26.4% | 10.8% | 10.3% | 19.5% | 3.9% | 5.2% |
| Shares Outstanding | — | $126M | $124M | $149M | $156M | $183M | $211M | $222M | $252M | $257M | $256M |
Peer Comparison
Compare XRX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 XRXYou | $395M | -0.4 | 15.0 | 1.5 | 27.1% | -0.8% | -104.1% | -1.0% | 15.4 |
 HPQ | $21B | 8.9 | 6.3 | 7.7 | 20.0% | 6.6% | — | 41.2% | 2.4 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 ORCL | $530B | 31.6 | 22.8 | — | 65.2% | 30.8% | 53.4% | 11.0% | 5.4 |
 NTAP | $32B | 25.1 | 16.1 | 16.9 | 70.7% | 24.5% | 106.7% | 124.4% | 1.3 |
 NTNX | $13B | 72.2 | 54.6 | 16.9 | 86.8% | 6.8% | — | 688.9% | 6.0 |
 CSCO | $471B | 46.9 | 33.6 | 35.5 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
 PSTG | $28B | 183.4 | 106.1 | 46.3 | 70.4% | 3.1% | 13.0% | 10.7% | 0.8 |
 OPEN | $3B | -2.6 | — | 3.3 | 7.0% | -6.2% | -151.3% | -15.8% | — |
 DOCU | $8B | 29.4 | 15.0 | 7.8 | 79.4% | 9.3% | 15.8% | 15.0% | 0.4 |
 UPLD | $15M | -0.3 | 4.5 | 0.6 | 62.4% | 7.7% | -41.9% | 4.0% | 4.8 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
XRX — Frequently Asked Questions
Quick answers to the most common questions about buying XRX stock.
What is Xerox Holdings Corporation's P/E ratio?
Xerox Holdings Corporation's current P/E ratio is -0.4x. The historical average is 21.4x.
What is Xerox Holdings Corporation's EV/EBITDA?
Xerox Holdings Corporation's current EV/EBITDA is 15.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.6x.
What is Xerox Holdings Corporation's ROE?
Xerox Holdings Corporation's return on equity (ROE) is -104.1%. The historical average is 1.7%.
Is XRX stock overvalued?
Based on historical data, Xerox Holdings Corporation is trading at a P/E of -0.4x. Compare with industry peers and growth rates for a complete picture.
What is Xerox Holdings Corporation's dividend yield?
Xerox Holdings Corporation's current dividend yield is 18.59%.
What are Xerox Holdings Corporation's profit margins?
Xerox Holdings Corporation has 27.1% gross margin and -0.8% operating margin.
How much debt does Xerox Holdings Corporation have?
Xerox Holdings Corporation's Debt/EBITDA ratio is 15.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.