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Side-by-side financial comparison of CONDUENT Inc (CNDT) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $770.0M, roughly 1.5× CONDUENT Inc). Fabrinet runs the higher net margin — 9.9% vs -4.3%, a 14.2% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -3.8%). CONDUENT Inc produced more free cash flow last quarter ($24.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -8.6%).
Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. As of 2026, it has over 54,000 employees working across 24 countries.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
CNDT vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $770.0M | $1.1B |
| Net Profit | $-33.0M | $112.6M |
| Gross Margin | 19.0% | 12.2% |
| Operating Margin | -3.6% | 10.1% |
| Net Margin | -4.3% | 9.9% |
| Revenue YoY | -3.8% | 35.9% |
| Net Profit YoY | -175.0% | 30.0% |
| EPS (diluted) | $-0.25 | $3.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $770.0M | $1.1B | ||
| Q3 25 | $767.0M | $978.1M | ||
| Q2 25 | $754.0M | $909.7M | ||
| Q1 25 | $751.0M | $871.8M | ||
| Q4 24 | $800.0M | $833.6M | ||
| Q3 24 | $807.0M | $804.2M | ||
| Q2 24 | $828.0M | $753.3M | ||
| Q1 24 | $921.0M | $731.5M |
| Q4 25 | $-33.0M | $112.6M | ||
| Q3 25 | $-46.0M | $95.9M | ||
| Q2 25 | $-40.0M | $87.2M | ||
| Q1 25 | $-51.0M | $81.3M | ||
| Q4 24 | $-12.0M | $86.6M | ||
| Q3 24 | $123.0M | $77.4M | ||
| Q2 24 | $216.0M | $81.1M | ||
| Q1 24 | $99.0M | $80.9M |
| Q4 25 | 19.0% | 12.2% | ||
| Q3 25 | 17.7% | 11.9% | ||
| Q2 25 | 18.2% | 12.2% | ||
| Q1 25 | 17.7% | 11.7% | ||
| Q4 24 | 17.3% | 12.1% | ||
| Q3 24 | 18.7% | 12.3% | ||
| Q2 24 | 18.2% | 12.3% | ||
| Q1 24 | 20.2% | 12.4% |
| Q4 25 | -3.6% | 10.1% | ||
| Q3 25 | -5.0% | 9.6% | ||
| Q2 25 | -5.0% | 9.8% | ||
| Q1 25 | -7.5% | 9.0% | ||
| Q4 24 | -10.3% | 9.5% | ||
| Q3 24 | 19.7% | 9.6% | ||
| Q2 24 | 36.2% | 9.7% | ||
| Q1 24 | 13.8% | 9.7% |
| Q4 25 | -4.3% | 9.9% | ||
| Q3 25 | -6.0% | 9.8% | ||
| Q2 25 | -5.3% | 9.6% | ||
| Q1 25 | -6.8% | 9.3% | ||
| Q4 24 | -1.5% | 10.4% | ||
| Q3 24 | 15.2% | 9.6% | ||
| Q2 24 | 26.1% | 10.8% | ||
| Q1 24 | 10.7% | 11.1% |
| Q4 25 | $-0.25 | $3.11 | ||
| Q3 25 | $-0.30 | $2.66 | ||
| Q2 25 | $-0.26 | $2.41 | ||
| Q1 25 | $-0.33 | $2.25 | ||
| Q4 24 | $-0.02 | $2.38 | ||
| Q3 24 | $0.72 | $2.13 | ||
| Q2 24 | $1.07 | $2.22 | ||
| Q1 24 | $0.46 | $2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $233.0M | $960.8M |
| Total DebtLower is stronger | $665.0M | — |
| Stockholders' EquityBook value | $685.0M | $2.2B |
| Total Assets | $2.4B | $3.3B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $233.0M | $960.8M | ||
| Q3 25 | $248.0M | $968.8M | ||
| Q2 25 | $275.0M | $934.2M | ||
| Q1 25 | $277.0M | $950.7M | ||
| Q4 24 | $366.0M | $934.6M | ||
| Q3 24 | $393.0M | $908.9M | ||
| Q2 24 | $300.0M | $858.6M | ||
| Q1 24 | $415.0M | $794.0M |
| Q4 25 | $665.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $615.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $685.0M | $2.2B | ||
| Q3 25 | $717.0M | $2.1B | ||
| Q2 25 | $777.0M | $2.0B | ||
| Q1 25 | $800.0M | $1.9B | ||
| Q4 24 | $839.0M | $1.8B | ||
| Q3 24 | $877.0M | $1.8B | ||
| Q2 24 | $751.0M | $1.7B | ||
| Q1 24 | $701.0M | $1.7B |
| Q4 25 | $2.4B | $3.3B | ||
| Q3 25 | $2.5B | $3.0B | ||
| Q2 25 | $2.5B | $2.8B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.6B | $2.5B | ||
| Q3 24 | $2.8B | $2.4B | ||
| Q2 24 | $2.8B | $2.3B | ||
| Q1 24 | $3.1B | $2.2B |
| Q4 25 | 0.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $39.0M | $46.3M |
| Free Cash FlowOCF − Capex | $24.0M | $-5.3M |
| FCF MarginFCF / Revenue | 3.1% | -0.5% |
| Capex IntensityCapex / Revenue | 1.9% | 4.6% |
| Cash ConversionOCF / Net Profit | — | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $-132.0M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.0M | $46.3M | ||
| Q3 25 | $-39.0M | $102.6M | ||
| Q2 25 | $-15.0M | $55.1M | ||
| Q1 25 | $-58.0M | $74.2M | ||
| Q4 24 | $41.0M | $115.9M | ||
| Q3 24 | $-13.0M | $83.2M | ||
| Q2 24 | $-41.0M | $83.1M | ||
| Q1 24 | $-37.0M | $100.9M |
| Q4 25 | $24.0M | $-5.3M | ||
| Q3 25 | $-54.0M | $57.3M | ||
| Q2 25 | $-30.0M | $4.7M | ||
| Q1 25 | $-72.0M | $45.7M | ||
| Q4 24 | $30.0M | $94.0M | ||
| Q3 24 | $-21.0M | $62.9M | ||
| Q2 24 | $-59.0M | $70.4M | ||
| Q1 24 | $-50.0M | $87.3M |
| Q4 25 | 3.1% | -0.5% | ||
| Q3 25 | -7.0% | 5.9% | ||
| Q2 25 | -4.0% | 0.5% | ||
| Q1 25 | -9.6% | 5.2% | ||
| Q4 24 | 3.8% | 11.3% | ||
| Q3 24 | -2.6% | 7.8% | ||
| Q2 24 | -7.1% | 9.3% | ||
| Q1 24 | -5.4% | 11.9% |
| Q4 25 | 1.9% | 4.6% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 2.0% | 5.5% | ||
| Q1 25 | 1.9% | 3.3% | ||
| Q4 24 | 1.4% | 2.6% | ||
| Q3 24 | 1.0% | 2.5% | ||
| Q2 24 | 2.2% | 1.7% | ||
| Q1 24 | 1.4% | 1.9% |
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | -0.11× | 1.07× | ||
| Q2 24 | -0.19× | 1.02× | ||
| Q1 24 | -0.37× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNDT
| Government Segment | $230.0M | 30% |
| Integrated Digital Solutions | $134.0M | 17% |
| Customer Experience Management | $127.0M | 16% |
| B Paa S | $116.0M | 15% |
| Government Services Solutions | $93.0M | 12% |
| Transferred At Point In Time | $36.0M | 5% |
| Other | $34.0M | 4% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
