Xerox Holdings Corp. (XRX) intrinsic value & 10-year financials
Xerox Holdings Corp. (XRX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 4.3% a year to $7.0B, with an average return on invested capital of -3.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.47
- Market cap
- $303.5M
- Revenue (FY2025)
- $7.0B
- Revenue growth (10-yr CAGR)
- -4.3%
- ROIC (10-yr avg)
- -3.6%
- Free cash flow (FY2025)
- $187.0M
XRX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $7.0B | -$1.0B | -$8.25 | $187.0M | — | -24.1% |
| FY2024 | $6.2B | -$1.3B | -$10.75 | $484.0M | — | -27.7% |
| FY2023 | $6.9B | $1.0M | -$0.09 | $657.0M | — | 0.0% |
| FY2022 | $7.1B | -$322.0M | -$2.15 | $123.0M | — | -4.9% |
| FY2021 | $7.0B | -$455.0M | -$2.56 | $600.0M | — | -6.2% |
| FY2020 | $7.0B | $192.0M | $0.84 | $504.0M | — | 2.8% |
| FY2019 | $9.1B | $1.4B | $5.80 | $1.3B | — | 19.0% |
| FY2018 | $9.7B | $361.0M | $1.38 | $1.1B | — | 4.4% |
| FY2017 | $10.0B | $195.0M | $0.71 | -$336.0M | — | 3.9% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Xerox Holdings Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Xerox Holdings Corp has historically struggled to out-earn its cost of capital, averaging just -3.7% ROIC.
Xerox Holdings Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Xerox Holdings Corp is modeled at -4.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.09 per share.