Company Analysis

Conduent Incorporated (CNDT)

Nasdaq: CNDT · Services-Business Services, NEC · Florham Park, NJ · filing with the SEC since 2016
Grade3.4
◀ Past 4.5● Present 3.8▶ Future 2.4
1 est.

The grade of Conduent Incorporated

Nine metrics read from its own filings, by tense
Headline grade
3.4/10
◀ Past4.525% of the headline
● Present3.835% of the headline
▶ Future2.440% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.5/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.7/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-04-14.

weight 22% of this tense · 27th percentile among 105 sector filers · read for itself

From the record

Conduent Incorporated's filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2019-12-10); a material cybersecurity incident (8-K item 1.05, the latest 2025-04-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.5/10

What has it actually done, year after year?

-7.5% a year over 10 filed years; profitable in 2 of 8.

weight 45% of this tense · 15th percentile among 99 sector filers · read for its customers

From the record

Conduent Incorporated's 10 filed years say what it did: revenue went from $6.7 billion in fiscal 2015 to $3.0 billion in fiscal 2025, down 7.5% a year; it rose in 0 of 9 years; the deepest fall was 54% from fiscal 2015 to fiscal 2025; net income was positive in 2 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-7.5%bottom 11% of its family
  • the share of years revenue rosebottom 2% of its family
  • the share of filed years with a profitbottom 32% of its family
  • the deepest fall from a revenue peak54.3%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
9.7/10

How has it treated the people who own it?

SI estimate 9.7/10, confidence 35 of 100 (one part).

weight 33% of this tense · 97th percentile among 98 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 3% of 98 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 98 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Conduent Incorporated's shareholder treatment is put at 9.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 3% of 98 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.8/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.2/10

Is it financially healthy right now?

ROE -25%: lost 25¢ per shareholder dollar. Leverage 71%: owes 71¢ per asset dollar.

weight 33% of this tense · 52nd percentile among 98 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Conduent Incorporated lost about 25 cents for every dollar of shareholders' money, and gross profitability: its products earned about 23 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 71 cents per dollar of assets, and net share issuance: its share count shrank 13.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 37% of its family
  • return on equitybottom 21% of its family
  • gross profit against assetstop 50% of its family
  • the share count against the year beforetop 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.1/10

How strong is its position in its industry?

bottom 41% of 101 in its family; net margin -5.6%.

weight 45% of this tense · 41st percentile among 101 sector filers · read for its customers

From the record

Conduent Incorporated's standing among 101 graded names in its industry family: revenue of $3.0 billion in fiscal 2025 ranks in the top 30% by size; a net margin of -5.6% ranks in the bottom 36%; revenue growth of -7.6% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$3.04Btop 30% of its family
  • net margin-5.6%bottom 36% of its family
  • three-year revenue growth-7.6%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.0/10

What are the people in charge doing?

bottom 10% of 65 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 10th percentile among 65 sector filers · read for its shareholders

From the record

Conduent Incorporated's leadership, from its insiders' filings and its current reports: the chief executive on the record is Agadi, Harshavardhan V (Chief Executive Officer, as filed), filing under that title since 2026-01-21, 10 months (bottom 15% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 1.8 years (bottom 4%); 15 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (bottom 12%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge15 in three years among 16 peoplebottom 12% of its family
  • the median years the people in charge have filed1.8 yearsbottom 4% of its family
  • the chief executive's years on the record10 monthsbottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

2.4/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.7/10

How much room does it have to grow?

bottom 17% of 99 in its family for room to expand.

weight 33% of this tense · 17th percentile among 99 sector filers · read for itself

From the record

Conduent Incorporated's room to grow, from the newest filed statements (fiscal 2025): cash of $233 million against debt of $665 million leaves -18% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is -4.3% of revenue (bottom 22%); a gross margin of 18.1% (bottom 18%); research spending of 0.1% of revenue (bottom 3%) (its annual report).

What it rests on

  • cash less debt against assets-18.0%bottom 25% of its family
  • cash from operations less capital spending against revenue-4.3%bottom 22% of its family
  • gross margin18.1%bottom 18% of its family
  • research spending against revenue0.1%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.0/10

What could actually drive growth from here?

bottom 30% of 99 in its family for growth drivers.

weight 45% of this tense · 30th percentile among 99 sector filers · read for its customers

From the record

Conduent Incorporated's growth drivers, from the filed years to fiscal 2025: revenue grew -7.6% a year over the last three filed years against -7.5% over all 10, slowing (top 37% of its family); the newest year grew -9.4% (bottom 15%); research spending grew -17% a year (bottom 17%); capital spending grew -13.8% a year (bottom 24%) (its annual reports). Conduent Incorporated tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-0.1 points a yeartop 37% of its family
  • the newest year's revenue growth-9.4%bottom 15% of its family
  • three-year growth of research spending-17.0%bottom 17% of its family
  • three-year growth of capital spending-13.8%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.2/10

Did its newest year beat what its own record pointed to?

bottom 22% of 93 in its family for expectations against reality.

weight 22% of this tense · 22nd percentile among 93 sector filers · read for its shareholders

From the record

Conduent Incorporated's newest year against its own record: revenue of $3.0 billion in fiscal 2025 came in 2.8% below the $3.1 billion its prior three years' pace pointed to (bottom 46% of its family); net income of $170 million against a prior three-year average of $17 million (bottom 4%); a net margin of -5.6% against 0% before (bottom 16%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-2.8%bottom 46% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 4% of its family
  • net margin against its prior average-5.6 pointsbottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CNDT · research, not advice