---
title: Q4 2025 Public Operating & Valuation Metrics Update
description: As investors in the tech services private markets, we track public companies’ operational and valuation performance.
image: https://alten.capital/hubfs/Q4%202025%20Public%20Operating%20%26%20Valuation%20Metrics%20Update.png
---

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[Alten Capital](https://alten.capital/blog/author/alten)  March 26, 2026

# Q4 2025 Public Operating & Valuation Metrics Update

As investors in the tech services private markets, we track public companies’ operational and valuation performance.

---

Our current coverage includes the following companies in each category, ranked by enterprise value:

Digital Engineering: EPAM (EPAM), Globant (GLOB), CI&T (CINT), Endava (DAVA), and Grid Dynamics (GDYN)   
Global IT Consulting: Accenture (ACN), Cognizant (CTSH), and Capgemini (CAP)   
Offshore IT Services: Infosys (INFY), HCL Technologies (HCLT), Tata Consultancy Services (TCS), Wipro (WIT), and Persistent (PSYS)

Below are updated operational and valuation metrics for these companies:

![imagen (1)](https://alten.capital/hs-fs/hubfs/imagen%20(1).png?width=786&height=531&name=imagen%20(1).png)

We look at valuation, growth, and profitability metrics. The size of each bubble in the charts below represents each company's respective enterprise value.

Digital Engineering valuation relative to profitability:

![](https://alten.capital/hs-fs/hubfs/undefined-Mar-26-2026-07-44-32-6911-PM.png?width=741&height=349&name=undefined-Mar-26-2026-07-44-32-6911-PM.png)

Digital Engineering valuation relative to growth:

![](https://alten.capital/hs-fs/hubfs/undefined-Mar-26-2026-07-45-05-6468-PM.png?width=741&height=360&name=undefined-Mar-26-2026-07-45-05-6468-PM.png)

Global IT Consulting valuation relative to profitability:

![](https://alten.capital/hs-fs/hubfs/undefined-Mar-26-2026-07-52-12-3301-PM.png?width=741&height=317&name=undefined-Mar-26-2026-07-52-12-3301-PM.png)

Global IT Consulting valuation relative to growth:![](https://alten.capital/hs-fs/hubfs/undefined-Mar-26-2026-07-52-52-5221-PM.png?width=741&height=316&name=undefined-Mar-26-2026-07-52-52-5221-PM.png)

Offshore IT Services valuation relative to profitability:

![](https://alten.capital/hs-fs/hubfs/undefined-Mar-26-2026-07-46-36-7576-PM.png?width=741&height=319&name=undefined-Mar-26-2026-07-46-36-7576-PM.png)

Offshore IT Services valuation relative to growth:

![](https://alten.capital/hs-fs/hubfs/undefined-Mar-26-2026-07-47-05-9099-PM.png?width=741&height=318&name=undefined-Mar-26-2026-07-47-05-9099-PM.png)

Alten Capital invests in technology services businesses. Please contact us to explore potential partnerships.

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We invest in exceptional management teams to accelerate high-growth technology services businesses.

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