Xerox Holdings's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Xerox Holdings (XRX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Xerox Holdings vs Its Competitors
- TTM: Trailing 12-month revenue of 7,794M vs 286,013M combined for its competitors (2.7% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-5.3% annualized vs trailing 12 months), vs accelerating (+5.9%) for its tracked peer group.
- Growth: Xerox Holdings generated 26.7% revenue growth year over year in Q1 2026, vs 44.0% for its competitors combined.
- Profitability: Its -2.2% net margin compares with 7.0% for the peer group.
- Scale: Xerox Holdings ranks #15 of 22 companies by market capitalization in the Computer Peripherals & Office Equipment industry, holding 0.0% of industry market cap.
- Peer revenue share: Xerox Holdings accounted for 2.4% of combined revenue among its tracked peer group, down from 2.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.34M compares with $0.48M for the peer group (0.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
XRX Sales vs. its Competitors, Q1 2026
Xerox Holdings reported revenue growth of 26.70 % year on year in Q1 2026, below its competitors' combined revenue growth of 43.96 %.
With a net margin of -2.17 %, Xerox Holdings reported lower profitability than its competitors (6.97 %).
Xerox Holdings generated 2.38 % of the combined sales of its peer group, down from 2.70 % a year earlier.
API endpoints for this dataset
Xerox Holdings vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Xerox Holdings reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Xerox Holdings and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Xerox Holdings Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Xerox Holdings's competitor groups requires a Commercial License.
For context: the Computer Peripherals & Office Equipment industry grew revenue 11.5% year over year, combined, vs 26.7% for Xerox Holdings. Xerox Holdings's share of combined industry revenue moved from 11.24% to 12.76%, a gain of 1.53 percentage points.
Xerox Holdings's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Xerox Holdings Corporation | No | Yes | Yes | No |
| Competitors combined (5) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
XRX Stock Performance relative to its Competitors
XRX Stock Performance relative to High-Confidence Competitors
XRX Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Dell Technologies Inc | 282.9% | Outperformed |
| 2 | Hp inc | 282.9% | Outperformed |
| 3 | Genpact Limited | 282.9% | Outperformed |
| 4 | International Business Machines Corporation | 282.9% | Outperformed |
| 5 | Verra Mobility Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Xerox Holdings's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Xerox Holdings Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Xerox Holdings Corporation |
145.57 | 7,794.00 |
 International Business Machines Corporation |
233,613.25 | 69,868.00 |
 Dell Technologies Inc |
214,201.56 | 151,197.00 |
 Hp inc |
26,382.42 | 59,162.00 |
 Genpact Limited |
7,203.90 | 5,250.06 |
 Verra Mobility Corporation |
333.14 | 535.58 |
| SUBTOTAL | 481,879.85 | 293,806.63 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Xerox Holdings Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Xerox Holdings's Competitors Named by the Company
Competitive relationships identified from Xerox Holdings reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Dss Inc | Company report | 85% |
| Canon Inc | Company report | 85% |
| FUJIFILM Business Innovations Corp | Company report | 85% |
| Hp inc | Company report | 85% |
| Exela Technologies Inc | Company report | 85% |
| Genpact Limited | Company report | 85% |
| International Business Machines Corporation | Company report | 85% |
| Verra Mobility Corporation | Company report | 85% |
Company report basis, confidence, active dates and source counts for Xerox Holdings's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Xerox Holdings's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| International Business Machines Corporation | Software 45.63 % |
| Dell Technologies Inc | Infrastructure Solutions Group 53.57 % |
| Hp inc | Commercial PS 53.74 % |
| Genpact Limited | High Tech and Manufacturing 39.09 % |
| Verra Mobility Corporation | Parking Solutions 76.63 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Xerox Holdings's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Xerox Holdings Corporation | 146 | 340,349 | -22,402 |
| International Business Machines Corporation | 233,613 | 228,850 | 36,590 |
| Dell Technologies Inc | 214,202 | 1,558,732 | 117,299 |
| Hp inc | 26,382 | 1,075,673 | 44,564 |
| Genpact Limited | 7,204 | 37,500 | 4,162 |
| Verra Mobility Corporation | 333 | 281,733 | 19,902 |
| PEERS TOTAL | 481,734 | 477,323 | 42,758 |
Xerox Holdings's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| International Business Machines Corporation | Americas 50.14 % |
| Dell Technologies Inc | United States 55.61 % |
| Hp inc | Americas 40.65 % |
| Verra Mobility Corporation | Australia 50.49 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Xerox Holdings's Position in Industry Market Structure
Market-capitalization share and concentration across all 21 companies in Xerox Holdings's industry classification, broader than the peer set above. Market cap in millions of $.Xerox Holdings ranks #15 of 21 companies by market capitalization in its industry, holding 0.04 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 5,164, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Palo Alto Networks Inc | 239,774 | 67.35 % |
| 2 | Fortinet Inc | 87,930 | 24.70 % |
| 3 | Logitech International s a | 13,960 | 3.92 % |
| 4 | Ncr Atleos Corporation | 3,576 | 1.00 % |
| 5 | Pitney Bowes Inc | 1,234 | 5.2% |
| 6 | Diebold Nixdorf Incorporated | 1,234 | 5.2% |
| 7 | Ncr Voyix Corporation | 1,234 | 5.2% |
| 8 | Corsair Gaming Inc | 1,234 | 5.2% |
| 9 | Par Technology Corporation | 1,234 | 5.2% |
| 10 | Mitek Systems Inc | 1,234 | 5.2% |
| 15 | Xerox Holdings Corporation | 139 | 0.04 % |
Market cap and industry share for the rest of Xerox Holdings's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Xerox Holdings's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 10 | Mitek Systems Inc | 840 | 88.39 % |
| 11 | Evolv Technologies Holdings Inc | 821 | -36.97 % |
| 12 | Stratasys Ltd | 524 | -36.24 % |
| 13 | Immersion Corporation | 226 | -2.03 % |
| 14 | Radcom Ltd | 1,234 | 12.3% |
| 15 | Xerox Holdings Corporation | 139 | -62.87 % |
| 16 | Mynd ai Inc | 1,234 | 12.3% |
| 17 | Identiv Inc | 1,234 | 12.3% |
| 18 | Planet Image International Limited | 1,234 | 12.3% |
| 19 | Transact Technologies Inc | 1,234 | 12.3% |
| 20 | Interlink Electronics inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Xerox Holdings's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Xerox Holdings's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Computer Peripherals & Office Equipment industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (32 companies). See the full Computer Peripherals & Office Equipment industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 50.46 % | 40.88 % (avg) | +9.6 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 9.33 % | 1.22 % (avg) | +8.1 pp |
| Capital Intensity (Capex / Revenue) | 0.60 % | 2.39 % (avg) | -1.8 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Xerox Holdings's Valuation vs Competitive Position
Valuation multiples vs the Computer Peripherals & Office Equipment industry average (32 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Computer Peripherals & Office Equipment industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 20.4x | - |
| EV / EBITDA | 5.7x | 19.1x | -13.4x |
| P/B | 0.9x | 4.0x | -3.0x |
| Return on Equity | -141.13 % | industry aggregate | -154.02 % |
| Return on Invested Capital | - | -4.65 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Xerox Holdings's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -4.56 % | -7.77 % | -22.55 % | 0.23 % | 0.98 % | -3.11 % | -9.66 % | 12.88 % |
| Operating Margin | 42.98 % | 45.16 % | 40.30 % | 30.73 % | 67.05 % | 66.02 % | 48.00 % | 32.21 % |
| Return on Invested Capital | 23.65 % | 24.68 % | 16.65 % | 12.54 % | 39.48 % | 43.50 % | 36.33 % | 25.28 % |
| P/E | 17.7x | 6.2x | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Xerox Holdings's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Xerox Holdings falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 4.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Palo Alto Networks Inc alone holds 67% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Xerox Holdings's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 5,164 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.60 % vs industry average 2.39 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Xerox Holdings's dedicated Suppliers and Customers pages, not here.
Xerox Holdings's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Xerox Holdings falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Xerox Holdings's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 154.0 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-5.3% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
- Industry dominated by Palo Alto Networks Inc, holding 67.35 % of industry market cap.
Methodology: see Methodology: SWOT Analysis.
Xerox Holdings's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Xerox Holdings Corporation | 0.16 | 1.14 | 11.91 |
| International Business Machines Corporation | 0.27 | 0.85 | 3.27 |
| Dell Technologies Inc | 0.16 | 0.93 | - |
| Hp inc | 0.03 | 0.78 | - |
| Genpact Limited | 0.48 | 1.69 | 0.54 |
| Verra Mobility Corporation | 0.32 | 2.02 | 3.96 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Xerox Holdings's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Xerox Holdings Corporation | Q1 2026 | +24.3 % | - |
| International Business Machines Corporation | Q3 2026 | +4.7 % | +25.6 % |
| Dell Technologies Inc | Q2 2026 | +57.7 % | +255.1 % |
| Hp inc | Q2 2026 | +12.5 % | -13.4 % |
| Genpact Limited | Q2 2026 | +7.1 % | +9.8 % |
| Verra Mobility Corporation | Q3 2026 | -89.2 % | -13.8 % |
| PEERS TOTAL | +31.6 % | +89.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Xerox Holdings's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Xerox Holdings Corporation | Q1 2026 | -95.5 % | - |
| International Business Machines Corporation | Q3 2026 | +6.0 % | +30.2 % |
| Dell Technologies Inc | Q2 2026 | +52.7 % | +83.6 % |
| Hp inc | Q2 2026 | +14.9 % | -13.0 % |
| Genpact Limited | Q2 2026 | +6.1 % | -8.6 % |
| Verra Mobility Corporation | Q3 2026 | +955.4 % | -12.6 % |
Xerox Holdings's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Xerox Holdings Corporation | - | - | - |
| International Business Machines Corporation | 7.26% | 7.21% | 32.73% |
| Dell Technologies Inc | 10.56% | 18.14% | - |
| Hp inc | 5.69% | 22.60% | - |
| Genpact Limited | 10.48% | 13.86% | 22.91% |
| Verra Mobility Corporation | 2.30% | 2.60% | 14.37% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Xerox Holdings's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Xerox Holdings Corporation | - | 0.02 |
| International Business Machines Corporation | 20.85 | 3.34 |
| Dell Technologies Inc | 19.15 | 1.42 |
| Hp inc | 10.90 | 0.45 |
| Genpact Limited | 12.58 | 1.37 |
| Verra Mobility Corporation | 9.13 | 0.62 |
| PEERS AVERAGE | 19.19 | 1.64 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.