INFY vs WIT: Infosys Ltd ADR and Wipro Limited ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Infosys Ltd ADR is the larger company, worth $46.6B, about 2.5 times Wipro Limited ADR.
- Infosys Ltd ADR grew revenue faster over the last year (+3.9% vs -0.8%).
- Infosys Ltd ADR keeps more of each dollar of revenue as operating profit (21.1% vs 17.0%).
- On earnings, Wipro Limited ADR is the cheaper stock (13.9x vs 14.1x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | INFY | WIT |
|---|---|---|
| Market cap | $46.6B | $18.9B |
| Share price | $10.73 | $1.70 |
| Revenue (last fiscal year) | $19.3B | $890.9B |
| Free cash flow (last fiscal year) | — | $154.7B |
| Revenue growth, last year | +3.9% | -0.8% |
| Revenue growth per year, last 5 fiscal years | +9.2% | +9.5% |
| Operating margin | 21.1% | 17.0% |
| Net margin | 16.4% | 14.7% |
| Return on equity | 28.2% | 15.9% |
| P/E (trailing) | 14.1x | 13.9x |
| Price / free cash flow | 12.5x | 0.14x |
| EV / EBITDA | 11.7x | 8.10x |
| FCF growth the price implies | — | — |
| Dividend yield | 4.5% | 10.6% |
| Debt / equity | 0.55x | 0.55x |
| Fundamental grade | C | B |
| Superinvestors holding it | 1 | 1 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Infosys Ltd ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $13.6B | — | 24.5% |
| 2022 | $16.3B | — | 23.0% |
| 2023 | $18.2B | — | 21.0% |
| 2024 | $18.6B | — | 20.7% |
| 2025 | $19.3B | — | 21.1% |
Wipro Limited ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $619.4B | $128.0B | 19.9% |
| 2022 | $790.9B | $90.6B | 17.7% |
| 2023 | $904.9B | $115.8B | 15.4% |
| 2024 | $897.6B | $165.7B | 15.2% |
| 2025 | $890.9B | $154.7B | 17.0% |
Where the revenue comes from
Infosys Ltd ADR · by segments, 2026
Financial Services$5.6B28%
Manufacturing$3.3B16%
Energy, Utilities, Resources and Services$2.7B13%
Retail$2.6B13%
Communication$2.5B12%
Hi Tech$1.6B8%
Wipro Limited ADR · by products, 2025
Information Technology Services$888.2B100%
Information Technology Products$2.7B0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open INFY in InvestinglyQuestions
Which is bigger, Infosys Ltd ADR or Wipro Limited ADR?
Infosys Ltd ADR (INFY), at $46.6B against $18.9B.
Is INFY or WIT cheaper?
By trailing P/E, Wipro Limited ADR (13.9x) is cheaper than Infosys Ltd ADR (14.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, INFY or WIT?
Infosys Ltd ADR: revenue grew +3.9% over the last year, against -0.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.