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Side-by-side financial comparison of CONDUENT Inc (CNDT) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
CONDUENT Inc is the larger business by last-quarter revenue ($770.0M vs $766.5M, roughly 1.0× SCANSOURCE, INC.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs -4.3%, a 6.4% gap on every dollar of revenue. On growth, SCANSOURCE, INC. posted the faster year-over-year revenue change (2.5% vs -3.8%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $24.0M). Over the past eight quarters, SCANSOURCE, INC.'s revenue compounded faster (0.9% 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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
CNDT vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $770.0M | $766.5M |
| Net Profit | $-33.0M | $16.5M |
| Gross Margin | 19.0% | 13.4% |
| Operating Margin | -3.6% | 2.3% |
| Net Margin | -4.3% | 2.2% |
| Revenue YoY | -3.8% | 2.5% |
| Net Profit YoY | -175.0% | -3.3% |
| EPS (diluted) | $-0.25 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $767.0M | $739.6M | ||
| Q2 25 | $754.0M | $812.9M | ||
| Q1 25 | $751.0M | $704.8M | ||
| Q4 24 | $800.0M | $747.5M | ||
| Q3 24 | $807.0M | $775.6M | ||
| Q2 24 | $828.0M | $746.1M | ||
| Q1 24 | $921.0M | $752.6M |
| Q4 25 | $-33.0M | $16.5M | ||
| Q3 25 | $-46.0M | $19.9M | ||
| Q2 25 | $-40.0M | $20.1M | ||
| Q1 25 | $-51.0M | $17.4M | ||
| Q4 24 | $-12.0M | $17.1M | ||
| Q3 24 | $123.0M | $17.0M | ||
| Q2 24 | $216.0M | $16.1M | ||
| Q1 24 | $99.0M | $12.8M |
| Q4 25 | 19.0% | 13.4% | ||
| Q3 25 | 17.7% | 14.5% | ||
| Q2 25 | 18.2% | 12.9% | ||
| Q1 25 | 17.7% | 14.2% | ||
| Q4 24 | 17.3% | 13.6% | ||
| Q3 24 | 18.7% | 13.1% | ||
| Q2 24 | 18.2% | 13.0% | ||
| Q1 24 | 20.2% | 12.6% |
| Q4 25 | -3.6% | 2.3% | ||
| Q3 25 | -5.0% | 3.5% | ||
| Q2 25 | -5.0% | 3.3% | ||
| Q1 25 | -7.5% | 3.2% | ||
| Q4 24 | -10.3% | 2.5% | ||
| Q3 24 | 19.7% | 2.3% | ||
| Q2 24 | 36.2% | 2.9% | ||
| Q1 24 | 13.8% | 2.3% |
| Q4 25 | -4.3% | 2.2% | ||
| Q3 25 | -6.0% | 2.7% | ||
| Q2 25 | -5.3% | 2.5% | ||
| Q1 25 | -6.8% | 2.5% | ||
| Q4 24 | -1.5% | 2.3% | ||
| Q3 24 | 15.2% | 2.2% | ||
| Q2 24 | 26.1% | 2.2% | ||
| Q1 24 | 10.7% | 1.7% |
| Q4 25 | $-0.25 | $0.75 | ||
| Q3 25 | $-0.30 | $0.89 | ||
| Q2 25 | $-0.26 | $0.87 | ||
| Q1 25 | $-0.33 | $0.74 | ||
| Q4 24 | $-0.02 | $0.70 | ||
| Q3 24 | $0.72 | $0.69 | ||
| Q2 24 | $1.07 | $0.66 | ||
| Q1 24 | $0.46 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $665.0M | — |
| Stockholders' EquityBook value | $685.0M | $910.9M |
| Total Assets | $2.4B | $1.7B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $233.0M | $83.5M | ||
| Q3 25 | $248.0M | $124.9M | ||
| Q2 25 | $275.0M | $126.2M | ||
| Q1 25 | $277.0M | $146.3M | ||
| Q4 24 | $366.0M | $110.5M | ||
| Q3 24 | $393.0M | $145.0M | ||
| Q2 24 | $300.0M | $185.5M | ||
| Q1 24 | $415.0M | $159.1M |
| Q4 25 | $665.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $615.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $685.0M | $910.9M | ||
| Q3 25 | $717.0M | $914.0M | ||
| Q2 25 | $777.0M | $906.4M | ||
| Q1 25 | $800.0M | $901.7M | ||
| Q4 24 | $839.0M | $900.7M | ||
| Q3 24 | $877.0M | $920.9M | ||
| Q2 24 | $751.0M | $924.3M | ||
| Q1 24 | $701.0M | $944.1M |
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.8B | $1.8B | ||
| Q1 24 | $3.1B | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $24.0M | $28.9M |
| FCF MarginFCF / Revenue | 3.1% | 3.8% |
| Capex IntensityCapex / Revenue | 1.9% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $-132.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.0M | $30.8M | ||
| Q3 25 | $-39.0M | $23.2M | ||
| Q2 25 | $-15.0M | — | ||
| Q1 25 | $-58.0M | $66.1M | ||
| Q4 24 | $41.0M | $-6.2M | ||
| Q3 24 | $-13.0M | $44.8M | ||
| Q2 24 | $-41.0M | — | ||
| Q1 24 | $-37.0M | $160.2M |
| Q4 25 | $24.0M | $28.9M | ||
| Q3 25 | $-54.0M | $20.8M | ||
| Q2 25 | $-30.0M | — | ||
| Q1 25 | $-72.0M | $64.6M | ||
| Q4 24 | $30.0M | $-8.2M | ||
| Q3 24 | $-21.0M | $42.5M | ||
| Q2 24 | $-59.0M | — | ||
| Q1 24 | $-50.0M | $157.7M |
| Q4 25 | 3.1% | 3.8% | ||
| Q3 25 | -7.0% | 2.8% | ||
| Q2 25 | -4.0% | — | ||
| Q1 25 | -9.6% | 9.2% | ||
| Q4 24 | 3.8% | -1.1% | ||
| Q3 24 | -2.6% | 5.5% | ||
| Q2 24 | -7.1% | — | ||
| Q1 24 | -5.4% | 21.0% |
| Q4 25 | 1.9% | 0.3% | ||
| Q3 25 | 2.0% | 0.3% | ||
| Q2 25 | 2.0% | 0.3% | ||
| Q1 25 | 1.9% | 0.2% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 1.0% | 0.3% | ||
| Q2 24 | 2.2% | 0.2% | ||
| Q1 24 | 1.4% | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | -0.11× | 2.64× | ||
| Q2 24 | -0.19× | — | ||
| Q1 24 | -0.37× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
