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Side-by-side financial comparison of CONDUENT Inc (CNDT) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $770.0M, roughly 1.8× CONDUENT Inc). SEALED AIR CORP runs the higher net margin — 3.1% vs -4.3%, a 7.4% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -3.8%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $24.0M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
CNDT vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $770.0M | $1.4B |
| Net Profit | $-33.0M | $43.8M |
| Gross Margin | 19.0% | 28.6% |
| Operating Margin | -3.6% | 11.4% |
| Net Margin | -4.3% | 3.1% |
| Revenue YoY | -3.8% | 2.6% |
| Net Profit YoY | -175.0% | 700.0% |
| EPS (diluted) | $-0.25 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $767.0M | $1.3B | ||
| Q2 25 | $754.0M | $1.3B | ||
| Q1 25 | $751.0M | $1.3B | ||
| Q4 24 | $800.0M | $1.4B | ||
| Q3 24 | $807.0M | $1.3B | ||
| Q2 24 | $828.0M | $1.3B | ||
| Q1 24 | $921.0M | $1.3B |
| Q4 25 | $-33.0M | $43.8M | ||
| Q3 25 | $-46.0M | $255.1M | ||
| Q2 25 | $-40.0M | $93.1M | ||
| Q1 25 | $-51.0M | $113.5M | ||
| Q4 24 | $-12.0M | $-7.3M | ||
| Q3 24 | $123.0M | $91.7M | ||
| Q2 24 | $216.0M | $98.3M | ||
| Q1 24 | $99.0M | $82.0M |
| Q4 25 | 19.0% | 28.6% | ||
| Q3 25 | 17.7% | 29.8% | ||
| Q2 25 | 18.2% | 30.7% | ||
| Q1 25 | 17.7% | 30.9% | ||
| Q4 24 | 17.3% | 30.0% | ||
| Q3 24 | 18.7% | 30.1% | ||
| Q2 24 | 18.2% | 31.2% | ||
| Q1 24 | 20.2% | 30.3% |
| Q4 25 | -3.6% | 11.4% | ||
| Q3 25 | -5.0% | 13.8% | ||
| Q2 25 | -5.0% | 15.0% | ||
| Q1 25 | -7.5% | 14.5% | ||
| Q4 24 | -10.3% | 11.7% | ||
| Q3 24 | 19.7% | 13.9% | ||
| Q2 24 | 36.2% | 15.4% | ||
| Q1 24 | 13.8% | 14.0% |
| Q4 25 | -4.3% | 3.1% | ||
| Q3 25 | -6.0% | 19.0% | ||
| Q2 25 | -5.3% | 7.0% | ||
| Q1 25 | -6.8% | 9.0% | ||
| Q4 24 | -1.5% | -0.5% | ||
| Q3 24 | 15.2% | 6.9% | ||
| Q2 24 | 26.1% | 7.4% | ||
| Q1 24 | 10.7% | 6.2% |
| Q4 25 | $-0.25 | $0.30 | ||
| Q3 25 | $-0.30 | $1.73 | ||
| Q2 25 | $-0.26 | $0.63 | ||
| Q1 25 | $-0.33 | $0.77 | ||
| Q4 24 | $-0.02 | $-0.05 | ||
| Q3 24 | $0.72 | $0.63 | ||
| Q2 24 | $1.07 | $0.67 | ||
| Q1 24 | $0.46 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $665.0M | $3.3B |
| Stockholders' EquityBook value | $685.0M | $1.2B |
| Total Assets | $2.4B | $7.0B |
| Debt / EquityLower = less leverage | 0.97× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $233.0M | $344.0M | ||
| Q3 25 | $248.0M | $282.5M | ||
| Q2 25 | $275.0M | $354.4M | ||
| Q1 25 | $277.0M | $335.2M | ||
| Q4 24 | $366.0M | $371.8M | ||
| Q3 24 | $393.0M | $386.0M | ||
| Q2 24 | $300.0M | $388.6M | ||
| Q1 24 | $415.0M | $352.8M |
| Q4 25 | $665.0M | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $615.0M | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $685.0M | $1.2B | ||
| Q3 25 | $717.0M | $1.2B | ||
| Q2 25 | $777.0M | $953.1M | ||
| Q1 25 | $800.0M | $797.9M | ||
| Q4 24 | $839.0M | $624.5M | ||
| Q3 24 | $877.0M | $771.2M | ||
| Q2 24 | $751.0M | $650.1M | ||
| Q1 24 | $701.0M | $598.3M |
| Q4 25 | $2.4B | $7.0B | ||
| Q3 25 | $2.5B | $7.1B | ||
| Q2 25 | $2.5B | $7.2B | ||
| Q1 25 | $2.5B | $7.0B | ||
| Q4 24 | $2.6B | $7.0B | ||
| Q3 24 | $2.8B | $7.3B | ||
| Q2 24 | $2.8B | $7.3B | ||
| Q1 24 | $3.1B | $7.2B |
| Q4 25 | 0.97× | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | 0.73× | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $24.0M | $257.7M |
| FCF MarginFCF / Revenue | 3.1% | 18.5% |
| Capex IntensityCapex / Revenue | 1.9% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $-132.0M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.0M | $293.6M | ||
| Q3 25 | $-39.0M | $165.9M | ||
| Q2 25 | $-15.0M | $136.6M | ||
| Q1 25 | $-58.0M | $31.9M | ||
| Q4 24 | $41.0M | $244.2M | ||
| Q3 24 | $-13.0M | $170.5M | ||
| Q2 24 | $-41.0M | $188.2M | ||
| Q1 24 | $-37.0M | $125.1M |
| Q4 25 | $24.0M | $257.7M | ||
| Q3 25 | $-54.0M | $119.6M | ||
| Q2 25 | $-30.0M | $93.2M | ||
| Q1 25 | $-72.0M | $-12.0M | ||
| Q4 24 | $30.0M | $185.1M | ||
| Q3 24 | $-21.0M | $115.2M | ||
| Q2 24 | $-59.0M | $129.5M | ||
| Q1 24 | $-50.0M | $78.0M |
| Q4 25 | 3.1% | 18.5% | ||
| Q3 25 | -7.0% | 8.9% | ||
| Q2 25 | -4.0% | 7.0% | ||
| Q1 25 | -9.6% | -0.9% | ||
| Q4 24 | 3.8% | 13.6% | ||
| Q3 24 | -2.6% | 8.6% | ||
| Q2 24 | -7.1% | 9.7% | ||
| Q1 24 | -5.4% | 5.9% |
| Q4 25 | 1.9% | 2.6% | ||
| Q3 25 | 2.0% | 3.4% | ||
| Q2 25 | 2.0% | 3.3% | ||
| Q1 25 | 1.9% | 3.5% | ||
| Q4 24 | 1.4% | 4.4% | ||
| Q3 24 | 1.0% | 4.1% | ||
| Q2 24 | 2.2% | 4.4% | ||
| Q1 24 | 1.4% | 3.6% |
| Q4 25 | — | 6.70× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.11× | 1.86× | ||
| Q2 24 | -0.19× | 1.91× | ||
| Q1 24 | -0.37× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
