MetaCap

Cipher Digital (CIFR) vs ExlService (EXLS)

Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.

Summary

ExlService (EXLS) has outperformed Cipher Digital (CIFR) over the past year, losing 13.2% versus a loss of 23.3%. Over five years, CIFR leads with a +93.1% price change compared with +48.5% for EXLS. ExlService is the larger company by market cap ($5.62 billion vs $5.52 billion), about 1.0 times the size, while Cipher Digital is growing revenue faster (+48.0% vs +13.6%).

On valuation, ExlService trades at a lower forward P/E (14.3x vs 78.9x for Cipher Digital). ExlService converts more of its revenue into profit, with a net margin of 12.0% versus -367.2%.

Summary generated from market data by MetaCap's automated system. Methodology

Relative performance

CIFR-23.30%EXLS-13.17%
+71%+13%-46%
Oct 8, 20251 yearOct 8, 2026
CIFR+71.10%EXLS+46.41%
+288%+88%-111%
Oct 4, 20215 yearsOct 5, 2026

Percent change in share price from the first common trading day shown; excludes dividends.

Head-to-head

CIFR versus EXLS key metrics
MetricCIFREXLS
Share price$13.30$37.07
Market cap$5.52B$5.62B
1-day change-1.52%+0.54%
YTD return-8.54%-13.12%
1-year return-23.30%-13.17%
5-year return+93.13%+48.49%
P/E ratio (TTM)—23.46
Forward P/E78.9114.27
EPS (TTM)$-2.87$1.58
Dividend yield0.00%0.00%
Annual dividend$0.00$0.00
Revenue (latest FY)$223.94M$2.09B
Revenue growth (YoY)+48.04%+13.56%
Net income (latest FY)$-822.24M$251.02M
Gross margin63.73%38.37%
Operating margin-188.25%15.03%
Net margin-367.17%12.02%
52-week high$30.14$43.88
52-week low$11.72$24.85
Distance from 52-week high-55.89%-15.52%
Analyst consensusstrong_buystrong_buy
Avg. price target upside+129.26%+20.39%
Average volume33.39M2.22M
Shares outstanding415.03M151.61M
Employees6665,000
SectorFinanceConsumer Discretionary
IndustryFinance: Consumer ServicesBusiness Services

Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.

Key differences

  • EXLS has outperformed CIFR by 10.1 percentage points over the past year.
  • ExlService is more profitable, keeping 12.0 cents of every revenue dollar as net income versus -367.2 cents for Cipher Digital.
  • Cipher Digital grew revenue faster in its latest fiscal year (+48.04% vs +13.56%).
  • The two companies sit in different sectors: Cipher Digital in Finance and ExlService in Consumer Discretionary.

About Cipher Digital

CIFR stock →

Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. It develops HPC data center facilities across various sites for hyperscaler tenants; operates power at one bitcoin mining data center; and maintains a pipeline across various sites.

Finance · Finance: Consumer Services · 66 employees

About ExlService

EXLS stock →

ExlService Holdings, Inc., operates as a data and artificial intelligence (“AI”) company in the North America, the United Kingdom, Europe, and internationally. The company operates through Insurance; Healthcare and Life Sciences; Banking, Capital Markets, and Diversified Industries; and International Growth Markets.

Consumer Discretionary · Business Services · 65,000 employees

CIFR vs EXLS FAQ

Which is bigger, Cipher Digital or ExlService?

ExlService (EXLS) is larger, with a market capitalization of $5.62B compared with $5.52B for Cipher Digital (CIFR).

Which stock has performed better over the past year, CIFR or EXLS?

EXLS returned -13.17% over the past 12 months, compared with -23.30% for CIFR (price return, excluding dividends). Past performance does not predict future results.

Are Cipher Digital and ExlService in the same industry?

No. Cipher Digital is in the Finance sector, while ExlService is in Consumer Discretionary.

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