Cognizant
CTSH · IT Consulting & Other Services
$70.54
4.3%Gartner
IT · IT Consulting & Other Services
$230.28
1.8%The short version
- Cognizant is the larger business, with $21.1B of revenue in fiscal 2025 against $6.5B for Gartner, about 3.2 times as much.
- Cognizant grew revenue faster (7.0%, against 3.7%).
- Gartner turned more of its sales into free cash flow (18.1% FCF margin, against 12.3% FCF margin).
- Gartner earned a higher return on the capital invested in it (44.6%, against 16.2%).
- Investors pay more for each dollar of Gartner’s earnings: a P/E of 20.8x against 15.3x for Cognizant.
| Latest fiscal year | CTSH · FY25 | IT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $33.6B | $15.3B |
| Revenue | $21.1B | $6.5B |
| Free cash flow | $2.6B | $1.2B |
| Net income | $2.2B | $729M |
| Growth | ||
| Revenue growth | 7.0% | 3.7% |
| 5-year growth | 4.9% | 9.7% |
| Share count change | −1.6% | −3.5% |
| Profitability | ||
| Gross margin | — | 68.8% |
| Operating margin | 16.1% | 15.8% |
| Net margin | 10.6% | 11.2% |
| FCF margin | 12.3% | 18.1% |
| Return on capital | 16.2% | 44.6% |
| Return on equity | 15.2% | 86.9% |
| Balance sheet | ||
| Net debt | −$1.3B | $1.3B |
| Net debt / EBITDA | −0.3x | 1.0x |
| Dividends and buybacks | $2.0B | $2.0B |
| Valuation & quality | ||
| P/E | 15.3x | 20.8x |
| Piotroski F-score | 6 | 5 |
FY16
CTSH $13.5B
IT $2.4B
FY17
CTSH $14.8B
IT $3.3B
FY18
CTSH $16.1B
IT $4.0B
FY19
CTSH $16.8B
IT $4.2B
FY20
CTSH $16.7B
IT $4.1B
FY21
CTSH $18.5B
IT $4.7B
FY22
CTSH $19.4B
IT $5.5B
FY23
CTSH $19.4B
IT $5.9B
FY24
CTSH $19.7B
IT $6.3B
FY25
CTSH $21.1B
IT $6.5B
CTSH
IT
FY16
CTSH 17.0%
IT 12.5%
FY17
CTSH 16.8%
IT −0.2%
FY18
CTSH 17.4%
IT 6.5%
FY19
CTSH 14.6%
IT 8.7%
FY20
CTSH 12.7%
IT 12.0%
FY21
CTSH 15.3%
IT 19.3%
FY22
CTSH 15.3%
IT 20.1%
FY23
CTSH 13.9%
IT 20.9%
FY24
CTSH 14.7%
IT 18.5%
FY25
CTSH 16.1%
IT 15.8%
CTSH
IT
FY16
CTSH $1.3B
IT $316M
FY17
CTSH $2.1B
IT $144M
FY18
CTSH $2.2B
IT $344M
FY19
CTSH $2.1B
IT $416M
FY20
CTSH $2.9B
IT $819M
FY21
CTSH $2.2B
IT $1.3B
FY22
CTSH $2.2B
IT $993M
FY23
CTSH $2.0B
IT $1.1B
FY24
CTSH $1.8B
IT $1.4B
FY25
CTSH $2.6B
IT $1.2B
CTSH
IT
FY16
CTSH 25.8%
IT 68.9%
FY17
CTSH 21.8%
IT −0.3%
FY18
CTSH 29.9%
IT 5.2%
FY19
CTSH 22.9%
IT 10.8%
FY20
CTSH 16.3%
IT 15.4%
FY21
CTSH 22.7%
IT 33.8%
FY22
CTSH 22.0%
IT 42.5%
FY23
CTSH 18.8%
IT 49.9%
FY24
CTSH 18.0%
IT 56.4%
FY25
CTSH 16.2%
IT 44.6%
CTSH
IT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.