Cognizant
CTSH Nasdaq· IT Consulting & Other Services
Last close · Oct 26, 2026
$69.34
KIRA · Stoqly’s AI analyst, in plain words
- Cognizant had $21.1B of revenue in fiscal 2025, up 7.0% on the year before. Over five years, revenue changed +4.9% a year on average.
- Its operating margin was 16.1%, up 1.4 pts: of every 100 in sales, about 16 is left after running the business.
- Cognizant made $2.2B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 6.7% a year.
- Free cash flow was $2.6B in fiscal 2025, 12.3% of revenue.
- Cognizant returned $2.0B to shareholders in fiscal 2025, 77% of free cash flow. The diluted share count fell 1.6%.
- Cognizant has $1.3B more cash than debt.
Market cap
$33.1B
P/E
15.1x
Revenue
$21.1B
Net income
$2.2B
Free cash flow
$2.6B
Operating margin
16.1%
Cognizant in 30 seconds · fiscal 2025
Are sales growing?
+7.0%
Yes. Sales grew 7.0% last year.
Does it make a profit?
10.6%
Yes. It keeps 10.6% of every sale as profit.
Does profit turn into cash?
12.3%
Yes. 12.3% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
15.1x
One share costs 15.1 times its yearly profit per share. Typical for its sector: 33.5x.
What Cognizant does
Cognizant is an information technology services company. It builds and maintains software for large businesses, moves their systems to the cloud, tests software, runs computer infrastructure and security, handles back-office work such as claims processing, and helps clients use AI. Its staff work both at client sites and in its own delivery centers around the world. It reports four segments by the industry of its clients: Health Sciences, which serves hospitals, health insurers and drug and device makers; Financial Services, for banks, payment firms and insurers; Products and Resources, for manufacturers, carmakers, retailers, travel, energy and logistics companies; and Communications, Media and Technology. Revenues grew by $1,372 million, or 7.0%, in 2025, helped by its purchase of Belcan. Fixed-price contracts made up $10.0 billion of revenue, and the rest came from contracts billed by time and materials, by transaction or by volume.
Biggest risks, in its own words
- Weak economies or political tensions that lead clients to cut spending on technology services.
- Intense competition, and the need to keep up with fast changes in technology, including AI.
- Failing to attract, train and keep enough skilled employees.
- Many of its client contracts are short-term, and clients may end or cut back their work with it.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
- CIK
- 0001058290
Cognizant · CTSH
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $18.5B | $19.4B | $19.4B | $19.7B | $21.1B |
| Revenue growth | 11.1% | 5.0% | −0.4% | 2.0% | 7.0% |
| Operating margin | 15.3% | 15.3% | 13.9% | 14.7% | 16.1% |
| Net income | $2.1B | $2.3B | $2.1B | $2.2B | $2.2B |
| Net margin | 11.6% | 11.8% | 11.0% | 11.4% | 10.6% |
| Diluted EPS | $4.05 | $4.41 | $4.21 | $4.51 | $4.56 |
| Cash | |||||
| Cash from operations | $2.5B | $2.6B | $2.3B | $2.1B | $2.9B |
| Capital expenditure | $279M | $332M | $317M | $297M | $288M |
| Free cash flow | $2.2B | $2.2B | $2.0B | $1.8B | $2.6B |
| FCF margin | 12.0% | 11.5% | 10.4% | 9.3% | 12.3% |
| Dividends paid | $509M | $564M | $591M | $600M | $610M |
| Share buybacks | $771M | $1.4B | $1.1B | $605M | $1.4B |
| Share count change | −2.4% | −1.7% | −2.7% | −1.6% | −1.6% |
| Debt and strength | |||||
| Cash and short-term investments | $2.7B | $2.5B | $2.6B | $2.2B | $1.9B |
| Debt incl. finance leases | $677M | $659M | $663M | $931M | $598M |
| Shareholders' equity | $12.0B | $12.3B | $13.2B | $14.4B | $15.0B |
| Net debt / EBITDA | −0.6x | −0.5x | −0.6x | −0.4x | −0.3x |
| Current ratio | 2.1x | 2.2x | 2.3x | 2.1x | 2.1x |
| Interest coverage | 314.0x | 156.2x | 65.6x | 53.6x | 91.6x |
| Returns and quality | |||||
| Return on capital | 22.7% | 22.0% | 18.8% | 18.0% | 16.2% |
| Return on equity | 18.7% | 18.9% | 16.7% | 16.2% | 15.2% |
| Piotroski F-score | 8 | 7 | 6 | 4 | 6 |
| Altman Z'' | 6.8 | 7.2 | 7.5 | 7.4 | 7.6 |
Insiders bought, 12 months
$0.2M
1 insider
Insiders sold, 12 months
$6.3M
6 insiders
Of sales under plans
100%
$6.3M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cognizant · CTSH
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Cognizant CTSH | $33.1B | 7.0% | 16.1% | 12.3% | 16.2% | 15.1x | 6 |
| Kyndryl KD | $3.2B | 0.2% | — | 2.3% | 7.8% | 39.7x | 6 |
| DXC Technology DXC | $2.7B | −1.8% | 7.7% | 8.2% | 9.2% | 21.4x | 7 |
| IBM IBM | $241.7B | 7.6% | — | 17.9% | 15.4% | 21.6x | 6 |
| Gartner IT | $15.4B | 3.7% | 15.8% | 18.1% | 44.6% | 20.8x | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $69.34 a share, the company is worth $33.1B: 15.1 times its earnings of the last four quarters.
Cognizant grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 0 of 4.
Source: SEC EDGAR XBRL filings (CIK 0001058290). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.