Stock

Xerox Holdings Corporation

XRX

Business Equipment & Supplies · Industrials

Also trades as: 0A6Y.L GBP 0.03 (-1.43%)

Price

$2.79

+0.05 (+1.82%)

Market Cap

$366.4M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Oct 23, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Weak

6/30

Growth

Mixed

8/20

Cash Flow

Weak

1/10

Stability

Weak

0/10

Valuation

Data not available

0/10

Ownership

Good

8/15

Dividends

Mixed

2/5

25 of 100 counted points = Winston Score 25.

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Share count falling — buybacks

−31.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 183.2M (2021) → 126.5M (2025)

§Winston Score History

The full picture

Xerox makes printers, copiers, and document management software for businesses, governments, and schools. The company invented the photocopier and built its name around office printing equipment, selling machines and supplies like toner and ink under the well-known Xerox brand. It also offers services to help organizations manage and digitize their paper documents.

Xerox earns money by selling hardware upfront and through ongoing service contracts, supplies, and software subscriptions — a model that creates recurring revenue but depends heavily on continued demand for printing. The company operates mainly in North America and Europe and generates roughly $6 billion in annual revenue. The biggest risk Xerox faces is the long-term decline in office printing as businesses go digital, which has steadily shrunk its core market and pushed operating margins into negative territory, making it critical for the company to find new revenue streams in IT services and digital solutions.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+22.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+108.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$230M/ year

↑ Rising (+20% vs prior year)

3.3% of revenue

In line with sector average (4%)

R&D investment increasing — building for the future

Insider Activity

8.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$1.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Xerox Holdings Corporation is a rare growth stock that's already generating positive cash flow while growing at 22%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

35.8%

Modest — 35.8% gross margin

Profit after running costs

Operating Margin

1.6%

Thin — 1.6% operating margin

Return on the money invested

ROCE

-0.8%

Weak — -0.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+25.6%

Fast-growing sales (+25.6% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

3.7%

Thin free cash flow (3.7%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

7.76

Heavy debt load (7.76)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

2.88%

Moderate income — 2.88% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

-76.5%

Dividend cut (-76.5% YoY) — warning sign

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