EXLS

ExlService Holdings, Inc.

71
Fundamentals67/ 100
Valuation70/ 100
Upside potential61/ 100
Risk potential15/ 100

EXLS has lower modeled downside risk, despite its lower overall score.

PLTR

Palantir Technologies Inc.

90
Fundamentals95/ 100
Valuation88/ 100
Upside potential84/ 100
Risk potential21/ 100

PLTR has the edge over EXLS overall, supported by stronger fundamentals and stronger modeled upside.

EXLS Fundamentals

MetricStatus
Healthy
Healthy
Healthy
Healthy

EXLS's revenue, profitability, cash flow and balance sheet are all currently healthy.

PLTR Fundamentals

MetricStatus
Strong
Strong
Strong
Strong

PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.

EXLS PE Valuation

CHEAPFAIREXPENSIVE14x28x42x56x
CHEAPFAIREXPENSIVE14x28x42x56x
LevelPEPriceVs current
Forward17x$43.10—
Current26x$43.10—
Cheap27x$45.36+5.2%
Fair34x$56.95+32%
Expensive41x$68.45+59%

Historical ranges are pointers, not guarantees.

EXLS's PE is in its cheap range at 26x. If earnings grow as analysts expect, today's price would be 17x next year's earnings.

PLTR PE Valuation

CHEAPFAIREXPENSIVE174x349x523x698x
CHEAPFAIREXPENSIVE174x349x523x698x
LevelPEPriceVs current
Forward75x$172—
Current120x$172—
Cheap165x$236+37%
Fair251x$359+109%
Expensive452x$646+277%

Historical ranges are pointers, not guarantees.

PLTR has the edge over EXLS in the historical PE scenario, which offers more potential upside but is not a forecast.

EXLS Forward outlook

MetricOutlook
Strongly improving
Strong growth
Growth
Stable
Limited
High

Analysts expect earnings and revenue growth for EXLS, with profitability holding steady.

PLTR Forward outlook

MetricOutlook
Strongly improving
Strong growth
Strong growth
Strongly improving
Moderate
Moderate

PLTR has the edge over EXLS on the outlook, with more favorable profitability expectations.

EXLS Risk to reward

ScenarioChangePrice
Upside+23%$53.06
Downside-15%$36.68

Calculated from the latest close: $43.10 on Nov 12.

EXLS trails PLTR on modeled risk to reward, with less potential upside relative to its potential downside.

PLTR Risk to reward

ScenarioChangePrice
Upside+112%$364.26
Downside-21%$136.16

Calculated from the latest close: $171.58 on Nov 12.

PLTR has a better modeled risk to reward balance than EXLS, with more potential upside relative to its potential downside.

EXLS Earnings Per Share

Q4 2023: $1.10Q1 2024: $1.09Q2 2024: $1.08Q3 2024: $1.15Q4 2024: $1.21Q1 2025: $1.32Q2 2025: $1.44Q3 2025: $1.47Q4 2025: $1.54Q1 2026: $1.57Q2 2026: $1.59Q3 2026: $1.68Forward: $2.54
Q4 2023: $1.10Q1 2024: $1.09Q2 2024: $1.08Q3 2024: $1.15Q4 2024: $1.21Q1 2025: $1.32Q2 2025: $1.44Q3 2025: $1.47Q4 2025: $1.54Q1 2026: $1.57Q2 2026: $1.59Q3 2026: $1.68Forward: $2.54
QuarterTTM EPSYoY
Forward$2.54+51%
Q3 2026$1.68+14%
Q2 2026$1.59+10%
Q1 2026$1.57+19%
Q4 2025$1.54+27%
Q3 2025$1.47+28%
Q2 2025$1.44+33%
Q1 2025$1.32+21%
Q4 2024$1.21+10%

EXLS's earnings per share have climbed steadily: $1.68 over the past year, up 14% from the year before, and higher year over year every quarter since late 2020.

PLTR Earnings Per Share

Q4 2023: $0.09Q1 2024: $0.12Q2 2024: $0.17Q3 2024: $0.20Q4 2024: $0.19Q1 2025: $0.23Q2 2025: $0.30Q3 2025: $0.42Q4 2025: $0.63Q1 2026: $0.89Q2 2026: $1.17Q3 2026: $1.43Forward: $2.30
Q4 2023: $0.09Q1 2024: $0.12Q2 2024: $0.17Q3 2024: $0.20Q4 2024: $0.19Q1 2025: $0.23Q2 2025: $0.30Q3 2025: $0.42Q4 2025: $0.63Q1 2026: $0.89Q2 2026: $1.17Q3 2026: $1.43Forward: $2.30
QuarterTTM EPSYoY
Forward$2.30+61%
Q3 2026$1.43+240%
Q2 2026$1.17+290%
Q1 2026$0.89+287%
Q4 2025$0.63+232%
Q3 2025$0.42+110%
Q2 2025$0.30+76%
Q1 2025$0.23+92%
Q4 2024$0.19+111%

PLTR has the edge over EXLS on earnings, with stronger typical year-over-year growth.

EXLS Quarterly Revenue

Q4 2023: $414MQ1 2024: $437MQ2 2024: $448MQ3 2024: $472MQ4 2024: $481MQ1 2025: $501MQ2 2025: $514MQ3 2025: $530MQ4 2025: $543MQ1 2026: $570MQ2 2026: $595MQ3 2026: $634M
Q4 2023: $414MQ1 2024: $437MQ2 2024: $448MQ3 2024: $472MQ4 2024: $481MQ1 2025: $501MQ2 2025: $514MQ3 2025: $530MQ4 2025: $543MQ1 2026: $570MQ2 2026: $595MQ3 2026: $634M
QuarterRevenueYoY
Q3 2026$634M+20%
Q2 2026$594.8M+16%
Q1 2026$570.4M+14%
Q4 2025$542.6M+13%
Q3 2025$529.6M+12%
Q2 2025$514.5M+15%
Q1 2025$501M+15%
Q4 2024$481.4M+16%

EXLS's revenue has grown year over year for 23 quarters in a row: $634M last quarter, up 20% from the same quarter a year ago.

PLTR Quarterly Revenue

Q4 2023: $608MQ1 2024: $634MQ2 2024: $678MQ3 2024: $726MQ4 2024: $828MQ1 2025: $884MQ2 2025: $1BQ3 2025: $1.2BQ4 2025: $1.4BQ1 2026: $1.6BQ2 2026: $1.9BQ3 2026: $2.3B
Q4 2023: $608MQ1 2024: $634MQ2 2024: $678MQ3 2024: $726MQ4 2024: $828MQ1 2025: $884MQ2 2025: $1BQ3 2025: $1.2BQ4 2025: $1.4BQ1 2026: $1.6BQ2 2026: $1.9BQ3 2026: $2.3B
QuarterRevenueYoY
Q3 2026$2.3B+96%
Q2 2026$1.9B+93%
Q1 2026$1.6B+85%
Q4 2025$1.4B+70%
Q3 2025$1.2B+63%
Q2 2025$1B+48%
Q1 2025$883.9M+39%
Q4 2024$827.5M+36%

PLTR has the edge over EXLS on sales, with stronger typical year-over-year growth.

EXLS Free Cash Flow

Q4 2023: $67MQ1 2024: −$33MQ2 2024: $63MQ3 2024: $97MQ4 2024: $95MQ1 2025: −$10MQ2 2025: $95MQ3 2025: $106MQ4 2025: $107MQ1 2026: −$11MQ2 2026: $73MQ3 2026: $103M
Q4 2023: $67MQ1 2024: −$33MQ2 2024: $63MQ3 2024: $97MQ4 2024: $95MQ1 2025: −$10MQ2 2025: $95MQ3 2025: $106MQ4 2025: $107MQ1 2026: −$11MQ2 2026: $73MQ3 2026: $103M
QuarterFree cash flowYoY
Q3 2026$102.5M-3.6%
Q2 2026$73.4M-23%
Q1 2026-$11.2M-$1.5M
Q4 2025$106.5M+12%
Q3 2025$106.4M+9.3%
Q2 2025$95M+51%
Q1 2025-$9.7M+$23.4M
Q4 2024$95.3M+41%

EXLS generated $271M in free cash flow over the past year, down 5.5% from the year before.

PLTR Free Cash Flow

Q4 2023: $296MQ1 2024: $127MQ2 2024: $141MQ3 2024: $416MQ4 2024: $457MQ1 2025: $304MQ2 2025: $532MQ3 2025: $501MQ4 2025: $764MQ1 2026: $892MQ2 2026: $1.2BQ3 2026: $1.2B
Q4 2023: $296MQ1 2024: $127MQ2 2024: $141MQ3 2024: $416MQ4 2024: $457MQ1 2025: $304MQ2 2025: $532MQ3 2025: $501MQ4 2025: $764MQ1 2026: $892MQ2 2026: $1.2BQ3 2026: $1.2B
QuarterFree cash flowYoY
Q3 2026$1.2B+139%
Q2 2026$1.2B+126%
Q1 2026$891.8M+193%
Q4 2025$764M+67%
Q3 2025$500.9M+20%
Q2 2025$531.6M+276%
Q1 2025$304.1M+140%
Q4 2024$457.2M+54%

PLTR has the edge over EXLS on cash flow, with more consistent year-over-year improvement.

EXLS Total Shares

Q4 2023: 168MQ1 2024: 167MQ2 2024: 164MQ3 2024: 163MQ4 2024: 164MQ1 2025: 165MQ2 2025: 164MQ3 2025: 162MQ4 2025: 162MQ1 2026: 157MQ2 2026: 153MQ3 2026: 153M
Q4 2023: 168MQ1 2024: 167MQ2 2024: 164MQ3 2024: 163MQ4 2024: 164MQ1 2025: 165MQ2 2025: 164MQ3 2025: 162MQ4 2025: 162MQ1 2026: 157MQ2 2026: 153MQ3 2026: 153M
PeriodChange %Net change
Quarterly-0.2%-262K shares
1 year-5.7%-9.1M shares
3 years-9%-15.1M shares
5 years-11%-19M shares
Available history-12%-20.9M shares

EXLS has the edge over PLTR on shareholder dilution, with a more favorable share count trend.

PLTR Total Shares

Q4 2023: 2.3BQ1 2024: 2.4BQ2 2024: 2.4BQ3 2024: 2.5BQ4 2024: 2.5BQ1 2025: 2.6BQ2 2025: 2.6BQ3 2025: 2.6BQ4 2025: 2.6BQ1 2026: 2.6BQ2 2026: 2.6BQ3 2026: 2.6B
Q4 2023: 2.3BQ1 2024: 2.4BQ2 2024: 2.4BQ3 2024: 2.5BQ4 2024: 2.5BQ1 2025: 2.6BQ2 2025: 2.6BQ3 2025: 2.6BQ4 2025: 2.6BQ1 2026: 2.6BQ2 2026: 2.6BQ3 2026: 2.6B
PeriodChange %Net change
Quarterly+0.2%+5.2M shares
1 year+0.1%+2.9M shares
3 years+11%+248M shares
5 years+31%+610M shares
Available history+184%+1.7B shares

PLTR has 2.6B diluted shares, about the same as a year ago.

EXLS Net Leverage

Q4 2023: 0.2xQ1 2024: 0.8xQ2 2024: 0.8xQ3 2024: 0.7xQ4 2024: 0.4xQ1 2025: 0.5xQ2 2025: 0.3xQ3 2025: 0.5xQ4 2025: 0.4xQ1 2026: 0.7xQ2 2026: 0.7xQ3 2026: 0.9x
Q4 2023: 0.2xQ1 2024: 0.8xQ2 2024: 0.8xQ3 2024: 0.7xQ4 2024: 0.4xQ1 2025: 0.5xQ2 2025: 0.3xQ3 2025: 0.5xQ4 2025: 0.4xQ1 2026: 0.7xQ2 2026: 0.7xQ3 2026: 0.9x
QuarterNet LeverageStatus
Q3 20260.9xVery low
Q2 20260.7xVery low
Q1 20260.7xVery low
Q4 20250.4xVery low
Q3 20250.5xVery low
Q2 20250.3xVery low
Q1 20250.5xVery low
Q4 20240.4xVery low

EXLS's net debt is less than a year of its operating earnings (EBITDA).

PLTR Net Leverage

Q4 2023: -5.4xQ1 2024: -2.3xQ2 2024: -1.6xQ3 2024: -1.9xQ4 2024: -6.1xQ1 2025: -2.3xQ2 2025: -1.6xQ3 2025: -1.9xQ4 2025: -1.0xQ1 2026: -1.1xQ2 2026: -0.8xQ3 2026: -1.1x
Q4 2023: -5.4xQ1 2024: -2.3xQ2 2024: -1.6xQ3 2024: -1.9xQ4 2024: -6.1xQ1 2025: -2.3xQ2 2025: -1.6xQ3 2025: -1.9xQ4 2025: -1.0xQ1 2026: -1.1xQ2 2026: -0.8xQ3 2026: -1.1x
QuarterNet LeverageStatus
Q3 2026-1.1xNet Cash
Q2 2026-0.8xNet Cash
Q1 2026-1.1xNet Cash
Q4 2025-1.0xNet Cash
Q3 2025-1.9xNet Cash
Q2 2025-1.6xNet Cash
Q1 2025-2.3xNet Cash
Q4 2024-6.1xNet Cash

PLTR has the edge over EXLS on leverage, with a lower net debt burden relative to earnings.

EXLS Weekly Momentum

MetricValueStatus
RSI69.3Neutral
Stochastic89.5Overbought

EXLS's weekly RSI is 69 (neutral) and its Stochastic is 90 (overbought).

PLTR Weekly Momentum

MetricValueStatus
RSI51.4Neutral
Stochastic47.4Neutral

PLTR's weekly RSI is 51 (neutral) and its Stochastic is 47 (neutral).

EXLS PE vs Technology Sector

MetricEXLSSector medianRelative
PE26x28x7.9% below
PE %123523 pts below

EXLS has the edge over PLTR on valuation relative to its sector.

PLTR PE vs Technology Sector

MetricPLTRSector medianRelative
PE120x28x331% above
PE %13837 pts below

PLTR is trading at 120x earnings, a 331% premium to the Technology sector's median of 28x.

EXLS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$39.68.8% above
20 week MA$35.721% above
50 week MA$34.425% above
100 week MA$39.59.2% above
200 week MA$36.020% above

EXLS has the edge over PLTR on trend strength, trading above more of its moving averages.

PLTR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$185.87.6% below
20 week MA$167.62.4% above
50 week MA$157.19.2% above
100 week MA$143.819% above
200 week MA$83.3106% above

PLTR's trend is up, with a small recent dip: it's below only its 8-week average, and 106% above its 200-week average.

EXLS Yearly ROI

YearStart priceEnd priceROI
2020$14.0$17.2+24%
2021$17.2$28.0+62%
2022$28.0$34.5+23%
2023$34.5$30.9-11%
2024$30.9$44.5+44%
2025$44.5$43.3-2.8%
2026 YTD$43.3$43.1-0.5%

EXLS has the edge over PLTR on returns for 2026, with the stronger performance.

PLTR Yearly ROI

YearStart priceEnd priceROI
2020$9.20$27.8+202%
2021$27.8$18.9-32%
2022$18.9$6.29-67%
2023$6.29$17.2+173%
2024$17.2$79.1+361%
2025$79.1$188.7+139%
2026 YTD$188.7$171.6-9.1%

PLTR's yearly returns have swung widely, from +361% in 2024 to −67% in 2022. It's down 9.1% so far in 2026.

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