Quality Investor

Genpact Limited

Rank #176Capital Return

G · NYSE · Technology

Genpact Limited (G) — Rank #176 by gross profitability (GP/assets 0.34) · ROE 21.2% · Piotroski F-Score 6 / 9.

As-of 2026-09-28 · CIK 0001398659 · all metrics point-in-time as of the filing date.

About

Genpact Limited, an agentic and advanced technology solutions company, provides digital transformation, business process management, technology, data, analytics, and artificial intelligence (AI) services to enterprises in India, the rest of Asia, North and Latin America, and Europe.

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Its Financial Services segment offers customer onboarding, customer service, collections, retail and commercial loan operations, payment operations, mortgage origination and servicing, compliance, wealth management, capital market operations support, financial crime and risk management, proprietary insurance policy suite, underwriting support, new business processing, policy administration, customer, claims management, catastrophe and exposure/risk modeling, actuarial services, end-to-end third-party administration for property and casualty claims, and technology services. The company's Consumer and Healthcare segment provides demand generation, sensing and planning, supply chain planning and management, pricing and trade promotion management, deduction recovery management, order management, digital commerce, customer experience, lifecycle management, regulatory operations, chemistry manufacturing control compliance, regulatory information management, claims processing and adjudication, claims recovery and payment integrity, revenue cycle management, health equity analytics, and care services. Its High Tech and Manufacturing segment offers solutions for trust and safety, advertising sales support, customer and user experience, customer care support, supply chain management, direct and indirect procurement, logistics, field, aftermarket support, and engineering services. It offers digital operations, data-tech-AI, advisory, agent technology; and finance and accounting, human resources, sales and commercial operations, marketing, and global business solutions. The company has strategic alliance with Google Cloud.

The company was founded in 1997 and is based in Hamilton, Bermuda.

Industry
Information Technology Services
Sector
Technology
State
D0
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

141,000

Industry

Information Technology Services

Exchange

NYSE

Signal Flags

5 green
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
RPO outpacing revenueRemaining performance obligations growing faster than recognized revenue — forward demand building
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak

Quality Profile

Profitability

1/1 pass
GP / assets
0.34
Return on equity
21.2%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.08
Current ratio
2.00×
Net cash
-$662.87M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.8%

Growth

2/2 pass
Revenue growth
6.6%
Piotroski F-Score
6 / 9
Share dilution
-2.1%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.34

Primary signal (Novy-Marx).

7th of 7 SIC 87 peers

Return on equity

21.2%

Gross margin

36.0%

6th of 7 SIC 87 peers

Revenue growth (YoY)

6.6%

RPO growth (YoY)

64.4%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

5.1%

Revenue CAGR (5Y)

6.5%

Earnings CAGR (3Y)

16.1%

FCF CAGR (3Y)

23.2%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.08

4th of 7 SIC 87 peers (best = lowest)

Current ratio

2.00×

4th of 7 SIC 87 peers

Quick ratio

1.77×

Net cash

-$662.87M

Cash & equivalents minus total debt.

Recession resistance

Revenue through recessions

Worst single-year YoY revenue decline, 17 years of history

Strong
2008-2009 (GFC)
7.6%Grew through it
2020 (COVID)
5.4%Grew through it
Worst year on record(any fiscal year, not recession-limited)
2.4%Grew through it

Cash-flow health

Free cash flow

$734.65M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.33

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.8%

Stock-based comp intensity.

Dividend safety

Composite score

3.8 / 5

Good
Payout ratio
21.3%5/5 Strong
FCF coverage
6.24×5/5 Strong
Dividend growth streak
8 yr4/5 Strong
Balance-sheet health
D/E 1.08 · IC N/A1/5 Weak

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Capital Return
Value