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Side-by-side financial comparison of ExlService Holdings, Inc. (EXLS) and GENMAB A/S (GMAB). Click either name above to swap in a different company.

GENMAB A/S is the larger business by last-quarter revenue ($925.0M vs $542.6M, roughly 1.7× ExlService Holdings, Inc.). GENMAB A/S runs the higher net margin — 36.3% vs 11.1%, a 25.2% gap on every dollar of revenue. On growth, GENMAB A/S posted the faster year-over-year revenue change (18.7% vs 12.7%). GENMAB A/S produced more free cash flow last quarter ($327.0M vs $106.5M).

Exlservice Holdings, Inc. is a global analytics and digital solutions company serving industries including insurance, healthcare, banking and financial services, media, retail, and others. The company is headquartered in New York and has more than 54,000 professionals in locations throughout the United States, Europe, Asia, Latin America, Australia and South Africa.

Genmab A/S is a Danish biotechnology company, founded in February 1999 by Florian Schönharting, at the time managing director of BankInvest Biomedical venture fund. The company is based in Copenhagen, Denmark – internationally, it operates through the subsidiaries Genmab B.V. in Utrecht, The Netherlands, Genmab U.S., Inc. in Princeton, New Jersey, US, Genmab K.K. in Tokyo, Japan, Genmab Germany GmbH in München, Germany and Genmab (Suzhou) Co., Ltd. in Suzhou, China. Genmab is listed on the Co...

EXLS vs GMAB — Head-to-Head

Bigger by revenue
GMAB
GMAB
1.7× larger
GMAB
$925.0M
$542.6M
EXLS
Growing faster (revenue YoY)
GMAB
GMAB
+6.0% gap
GMAB
18.7%
12.7%
EXLS
Higher net margin
GMAB
GMAB
25.2% more per $
GMAB
36.3%
11.1%
EXLS
More free cash flow
GMAB
GMAB
$220.5M more FCF
GMAB
$327.0M
$106.5M
EXLS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
EXLS
EXLS
GMAB
GMAB
Revenue
$542.6M
$925.0M
Net Profit
$60.2M
$336.0M
Gross Margin
38.6%
93.8%
Operating Margin
14.4%
38.9%
Net Margin
11.1%
36.3%
Revenue YoY
12.7%
18.7%
Net Profit YoY
18.9%
65.5%
EPS (diluted)
$0.38
$5.42

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
EXLS
EXLS
GMAB
GMAB
Q4 25
$542.6M
Q3 25
$529.6M
Q2 25
$514.5M
$925.0M
Q1 25
$501.0M
Q4 24
$481.4M
Q3 24
$472.1M
Q2 24
$448.4M
$779.0M
Q1 24
$436.5M
Net Profit
EXLS
EXLS
GMAB
GMAB
Q4 25
$60.2M
Q3 25
$58.2M
Q2 25
$66.1M
$336.0M
Q1 25
$66.6M
Q4 24
$50.7M
Q3 24
$53.0M
Q2 24
$45.8M
$203.0M
Q1 24
$48.8M
Gross Margin
EXLS
EXLS
GMAB
GMAB
Q4 25
38.6%
Q3 25
38.5%
Q2 25
37.7%
93.8%
Q1 25
38.6%
Q4 24
38.1%
Q3 24
37.8%
Q2 24
37.1%
96.4%
Q1 24
37.4%
Operating Margin
EXLS
EXLS
GMAB
GMAB
Q4 25
14.4%
Q3 25
14.4%
Q2 25
15.8%
38.9%
Q1 25
15.7%
Q4 24
14.8%
Q3 24
14.7%
Q2 24
13.7%
30.3%
Q1 24
14.1%
Net Margin
EXLS
EXLS
GMAB
GMAB
Q4 25
11.1%
Q3 25
11.0%
Q2 25
12.8%
36.3%
Q1 25
13.3%
Q4 24
10.5%
Q3 24
11.2%
Q2 24
10.2%
26.1%
Q1 24
11.2%
EPS (diluted)
EXLS
EXLS
GMAB
GMAB
Q4 25
$0.38
Q3 25
$0.36
Q2 25
$0.40
$5.42
Q1 25
$0.40
Q4 24
$0.31
Q3 24
$0.33
Q2 24
$0.28
$3.13
Q1 24
$0.29

Balance Sheet & Financial Strength

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

Metric
EXLS
EXLS
GMAB
GMAB
Cash + ST InvestmentsLiquidity on hand
$328.4M
$1.3B
Total DebtLower is stronger
$298.6M
Stockholders' EquityBook value
$912.7M
$5.3B
Total Assets
$1.7B
$6.5B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXLS
EXLS
GMAB
GMAB
Q4 25
$328.4M
Q3 25
$390.1M
Q2 25
$353.3M
$1.3B
Q1 25
$331.4M
Q4 24
$340.6M
Q3 24
$325.8M
Q2 24
$276.1M
$622.0M
Q1 24
$246.2M
Total Debt
EXLS
EXLS
GMAB
GMAB
Q4 25
$298.6M
Q3 25
$354.8M
Q2 25
$260.0M
Q1 25
$307.3M
Q4 24
$288.5M
Q3 24
$344.7M
Q2 24
Q1 24
Stockholders' Equity
EXLS
EXLS
GMAB
GMAB
Q4 25
$912.7M
Q3 25
$952.4M
Q2 25
$1.1B
$5.3B
Q1 25
$1.0B
Q4 24
$929.9M
Q3 24
$907.6M
Q2 24
$852.6M
$4.4B
Q1 24
$803.3M
Total Assets
EXLS
EXLS
GMAB
GMAB
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
$6.5B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
$5.6B
Q1 24
$1.4B
Debt / Equity
EXLS
EXLS
GMAB
GMAB
Q4 25
0.33×
Q3 25
0.37×
Q2 25
0.25×
Q1 25
0.30×
Q4 24
0.31×
Q3 24
0.38×
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
EXLS
EXLS
GMAB
GMAB
Operating Cash FlowLast quarter
$117.4M
$349.0M
Free Cash FlowOCF − Capex
$106.5M
$327.0M
FCF MarginFCF / Revenue
19.6%
35.4%
Capex IntensityCapex / Revenue
2.0%
2.4%
Cash ConversionOCF / Net Profit
1.95×
1.04×
TTM Free Cash FlowTrailing 4 quarters
$298.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXLS
EXLS
GMAB
GMAB
Q4 25
$117.4M
Q3 25
$120.7M
Q2 25
$109.4M
$349.0M
Q1 25
$3.2M
Q4 24
$105.3M
Q3 24
$110.1M
Q2 24
$74.9M
$438.0M
Q1 24
$-21.9M
Free Cash Flow
EXLS
EXLS
GMAB
GMAB
Q4 25
$106.5M
Q3 25
$106.4M
Q2 25
$95.0M
$327.0M
Q1 25
$-9.7M
Q4 24
$95.3M
Q3 24
$97.3M
Q2 24
$62.8M
$430.0M
Q1 24
$-33.1M
FCF Margin
EXLS
EXLS
GMAB
GMAB
Q4 25
19.6%
Q3 25
20.1%
Q2 25
18.5%
35.4%
Q1 25
-1.9%
Q4 24
19.8%
Q3 24
20.6%
Q2 24
14.0%
55.2%
Q1 24
-7.6%
Capex Intensity
EXLS
EXLS
GMAB
GMAB
Q4 25
2.0%
Q3 25
2.7%
Q2 25
2.8%
2.4%
Q1 25
2.6%
Q4 24
2.1%
Q3 24
2.7%
Q2 24
2.7%
1.0%
Q1 24
2.6%
Cash Conversion
EXLS
EXLS
GMAB
GMAB
Q4 25
1.95×
Q3 25
2.08×
Q2 25
1.66×
1.04×
Q1 25
0.05×
Q4 24
2.08×
Q3 24
2.08×
Q2 24
1.63×
2.16×
Q1 24
-0.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXLS
EXLS

Insurance$185.8M34%
Healthcare And Life Sciences$142.2M26%
Banking Capital Markets And Diversified Industries$122.6M23%
International Growth Markets$92.0M17%

GMAB
GMAB

Darzalex$638.0M69%
Kesimpta$108.0M12%
Net Product Sales$101.0M11%
Other$28.0M3%
Tepezza$20.0M2%
Reimbursement Revenue$13.0M1%
Bio N Tech$11.0M1%
Abb Vie$5.0M1%
Milestone Revenue$1.0M0%

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