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Side-by-side financial comparison of CONDUENT Inc (CNDT) and Lineage, Inc. (LINE). Click either name above to swap in a different company.

Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $770.0M, roughly 1.8× CONDUENT Inc). CONDUENT Inc runs the higher net margin — -4.3% vs -7.3%, a 3.0% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs -3.8%). Lineage, Inc. produced more free cash flow last quarter ($35.0M vs $24.0M).

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.

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

CNDT vs LINE — Head-to-Head

Bigger by revenue
LINE
LINE
1.8× larger
LINE
$1.4B
$770.0M
CNDT
Growing faster (revenue YoY)
LINE
LINE
+6.9% gap
LINE
3.1%
-3.8%
CNDT
Higher net margin
CNDT
CNDT
3.0% more per $
CNDT
-4.3%
-7.3%
LINE
More free cash flow
LINE
LINE
$11.0M more FCF
LINE
$35.0M
$24.0M
CNDT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CNDT
CNDT
LINE
LINE
Revenue
$770.0M
$1.4B
Net Profit
$-33.0M
$-100.0M
Gross Margin
19.0%
32.3%
Operating Margin
-3.6%
2.5%
Net Margin
-4.3%
-7.3%
Revenue YoY
-3.8%
3.1%
Net Profit YoY
-175.0%
79.4%
EPS (diluted)
$-0.25
$-0.44

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.

Revenue
CNDT
CNDT
LINE
LINE
Q4 25
$770.0M
Q3 25
$767.0M
$1.4B
Q2 25
$754.0M
$1.4B
Q1 25
$751.0M
$1.3B
Q4 24
$800.0M
$1.3B
Q3 24
$807.0M
$1.3B
Q2 24
$828.0M
$1.3B
Q1 24
$921.0M
$1.3B
Net Profit
CNDT
CNDT
LINE
LINE
Q4 25
$-33.0M
Q3 25
$-46.0M
$-100.0M
Q2 25
$-40.0M
$-6.0M
Q1 25
$-51.0M
$0
Q4 24
$-12.0M
$-71.0M
Q3 24
$123.0M
$-485.0M
Q2 24
$216.0M
$-68.0M
Q1 24
$99.0M
$-40.0M
Gross Margin
CNDT
CNDT
LINE
LINE
Q4 25
19.0%
Q3 25
17.7%
32.3%
Q2 25
18.2%
31.9%
Q1 25
17.7%
32.2%
Q4 24
17.3%
32.3%
Q3 24
18.7%
32.8%
Q2 24
18.2%
33.4%
Q1 24
20.2%
33.4%
Operating Margin
CNDT
CNDT
LINE
LINE
Q4 25
-3.6%
Q3 25
-5.0%
2.5%
Q2 25
-5.0%
1.7%
Q1 25
-7.5%
4.3%
Q4 24
-10.3%
-1.6%
Q3 24
19.7%
-38.6%
Q2 24
36.2%
5.5%
Q1 24
13.8%
7.6%
Net Margin
CNDT
CNDT
LINE
LINE
Q4 25
-4.3%
Q3 25
-6.0%
-7.3%
Q2 25
-5.3%
-0.4%
Q1 25
-6.8%
Q4 24
-1.5%
-5.3%
Q3 24
15.2%
-36.3%
Q2 24
26.1%
-5.1%
Q1 24
10.7%
-3.0%
EPS (diluted)
CNDT
CNDT
LINE
LINE
Q4 25
$-0.25
Q3 25
$-0.30
$-0.44
Q2 25
$-0.26
$-0.03
Q1 25
$-0.33
$0.01
Q4 24
$-0.02
$-0.52
Q3 24
$0.72
$-2.44
Q2 24
$1.07
$-0.46
Q1 24
$0.46
$-0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNDT
CNDT
LINE
LINE
Cash + ST InvestmentsLiquidity on hand
$233.0M
Total DebtLower is stronger
$665.0M
Stockholders' EquityBook value
$685.0M
$8.4B
Total Assets
$2.4B
$19.2B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNDT
CNDT
LINE
LINE
Q4 25
$233.0M
Q3 25
$248.0M
Q2 25
$275.0M
Q1 25
$277.0M
Q4 24
$366.0M
$173.0M
Q3 24
$393.0M
$409.0M
Q2 24
$300.0M
$73.0M
Q1 24
$415.0M
Total Debt
CNDT
CNDT
LINE
LINE
Q4 25
$665.0M
Q3 25
Q2 25
Q1 25
Q4 24
$615.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CNDT
CNDT
LINE
LINE
Q4 25
$685.0M
Q3 25
$717.0M
$8.4B
Q2 25
$777.0M
$8.6B
Q1 25
$800.0M
$8.6B
Q4 24
$839.0M
$8.6B
Q3 24
$877.0M
$9.0B
Q2 24
$751.0M
$4.9B
Q1 24
$701.0M
$5.6B
Total Assets
CNDT
CNDT
LINE
LINE
Q4 25
$2.4B
Q3 25
$2.5B
$19.2B
Q2 25
$2.5B
$19.4B
Q1 25
$2.5B
$18.8B
Q4 24
$2.6B
$18.7B
Q3 24
$2.8B
$19.3B
Q2 24
$2.8B
$18.8B
Q1 24
$3.1B
Debt / Equity
CNDT
CNDT
LINE
LINE
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
CNDT
CNDT
LINE
LINE
Operating Cash FlowLast quarter
$39.0M
$230.0M
Free Cash FlowOCF − Capex
$24.0M
$35.0M
FCF MarginFCF / Revenue
3.1%
2.5%
Capex IntensityCapex / Revenue
1.9%
14.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-132.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNDT
CNDT
LINE
LINE
Q4 25
$39.0M
Q3 25
$-39.0M
$230.0M
Q2 25
$-15.0M
$258.0M
Q1 25
$-58.0M
$139.0M
Q4 24
$41.0M
Q3 24
$-13.0M
$186.0M
Q2 24
$-41.0M
$155.0M
Q1 24
$-37.0M
$105.0M
Free Cash Flow
CNDT
CNDT
LINE
LINE
Q4 25
$24.0M
Q3 25
$-54.0M
$35.0M
Q2 25
$-30.0M
$95.0M
Q1 25
$-72.0M
$-12.0M
Q4 24
$30.0M
Q3 24
$-21.0M
$33.0M
Q2 24
$-59.0M
$-31.0M
Q1 24
$-50.0M
$-42.0M
FCF Margin
CNDT
CNDT
LINE
LINE
Q4 25
3.1%
Q3 25
-7.0%
2.5%
Q2 25
-4.0%
7.0%
Q1 25
-9.6%
-0.9%
Q4 24
3.8%
Q3 24
-2.6%
2.5%
Q2 24
-7.1%
-2.3%
Q1 24
-5.4%
-3.2%
Capex Intensity
CNDT
CNDT
LINE
LINE
Q4 25
1.9%
Q3 25
2.0%
14.2%
Q2 25
2.0%
12.1%
Q1 25
1.9%
11.7%
Q4 24
1.4%
Q3 24
1.0%
11.5%
Q2 24
2.2%
13.9%
Q1 24
1.4%
11.1%
Cash Conversion
CNDT
CNDT
LINE
LINE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.11×
Q2 24
-0.19×
Q1 24
-0.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNDT
CNDT

Government Segment$230.0M30%
Integrated Digital Solutions$134.0M17%
Customer Experience Management$127.0M16%
B Paa S$116.0M15%
Government Services Solutions$93.0M12%
Transferred At Point In Time$36.0M5%
Other$34.0M4%

LINE
LINE

Warehousing Operations$883.0M64%
Other$308.0M22%
Warehouse Lease$60.0M4%
Food Sales$52.0M4%
E Commerce And Other$46.0M3%
Railcar Lease$23.0M2%
Service Other$5.0M0%

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