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Cognizant Technology Solutions Corporation

CTSH Technology Information Technology Services

Cognizant Technology Solutions Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.1 billion, up 6.95% from fiscal 2024.

Revenue: +4.60%
EPS: +148.8%
Free cash flow: −20.3%
Total debt: +181.7%

Quarter to September 2026, against a year earlier

64.19 2.35 −3.53%

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Market cap: $29.8B
P/E: 12.1×
Fwd P/E: 11.5×
Dividend yield: 1.95%
F-score: 7/9
Altman Z: 7.11
Beneish M: −2.50
Dividend safety: 96/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	21.99	28.04	17.58	18.85	31.89	21.85	13.03	17.63	17.05	18.20
Piotroski F-Score Full definition →	6	6	7	6	5	9	8	6	3	7
Altman Z-Score Full definition →	8.80	8.53	8.08	6.84	6.88	7.54	6.09	7.16	6.85	7.11
P/S ratio Full definition →	2.54	2.84	2.29	2.07	2.66	2.53	1.54	1.94	1.93	1.92
P/FCF ratio Full definition →	25.51	19.82	16.68	16.45	15.25	21.10	13.34	18.66	20.88	15.20
Altman Z″-Score (non-manufacturers) Full definition →	9.50	8.52	8.71	7.34	6.05	6.79	7.19	7.45	7.38	7.58
Beneish M-Score Full definition →	(2.35)	(2.63)	(2.56)	(2.54)	(3.03)	(2.45)	(2.45)	(2.47)	(2.39)	(2.50)
P/Operating CF Full definition →	56.80	50.33	52.63	36.96	49.28	56.67	42.50	50.98	41.46	47.21
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	96
P/B ratio Full definition →	3.20	3.94	3.23	3.15	4.08	3.90	2.42	2.84	2.65	2.70
Price to Tangible BV Full definition →	4.75	6.02	5.44	5.78	9.30	9.07	5.49	6.27	6.51	6.24
EV/Sales Full definition →	2.22	2.55	2.06	1.90	2.53	2.41	1.44	1.84	1.86	1.85
EV/EBITDA Full definition →	11.22	12.90	10.05	10.72	15.78	13.14	7.91	10.96	10.71	9.93
EV/Operating CF Full definition →	18.20	15.67	12.80	12.78	12.79	17.90	10.89	15.25	17.31	13.57
EV/FCF Full definition →	22.26	17.77	14.98	15.16	14.54	20.15	12.51	17.66	20.13	14.68
Quick Ratio Full definition →	3.34	2.92	2.84	2.24	1.64	1.78	1.88	1.95	1.76	1.74
Current Ratio Full definition →	3.56	3.21	3.18	2.55	1.94	2.08	2.17	2.25	2.09	2.14
Net Debt/EBITDA Full definition →	(1.64)	(1.49)	(1.14)	(0.91)	(0.77)	(0.62)	(0.53)	(0.63)	(0.40)	(0.35)
Debt/Assets Full definition →	5.59%	4.59%	4.64%	4.32%	3.92%	3.51%	3.57%	3.28%	4.38%	2.62%
Debt/Equity Full definition →	0.07	0.07	0.06	0.06	0.06	0.05	0.05	0.05	0.06	0.04
Asset Turnover Full definition →	0.99	1.00	1.04	1.05	1.01	1.06	1.09	1.07	1.03	1.04
Operating CF/Net income Full definition →	1.06	1.60	1.23	1.36	2.37	1.17	1.12	1.10	0.95	1.29
Capex/Depreciation Full definition →	(0.79)	(0.64)	(0.76)	(0.75)	(0.71)	(0.49)	(0.58)	(0.57)	(0.55)	(0.40)
Interest Coverage Full definition →	120.47	107.87	103.74	94.35	88.08	314.00	156.21	65.59	53.56	91.59
ROE Full definition →	15.53%	14.06%	19.02%	16.41%	12.74%	18.72%	18.85%	16.65%	16.21%	15.16%
ROA Full definition →	11.37%	10.20%	13.53%	11.49%	8.40%	12.29%	12.83%	11.70%	11.65%	10.97%
ROIC Full definition →	22.51%	24.57%	22.89%	18.48%	15.06%	17.84%	17.76%	15.01%	13.86%	15.52%
Return on Tangible Assets Full definition →	20.73%	19.80%	28.80%	31.03%	30.51%	42.88%	45.62%	40.72%	45.59%	43.79%
Average Days of Receivables Full definition →	78.62	79.41	72.21	70.81	67.66	70.15	71.32	72.59	75.07	76.76
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	20.25%	18.21%	18.65%	17.71%	18.62%	18.93%	17.72%	16.80%	16.33%	15.35%
Intangible Assets out of Total Assets Full definition →	0.25	0.24	0.29	0.31	0.36	0.38	0.39	0.39	0.43	0.41
Share Based Compensation of Revenue Full definition →	1.61%	1.49%	1.66%	1.29%	1.39%	1.33%	1.34%	0.91%	0.89%	0.86%
Graham Net Nets Full definition →	0.15	0.11	0.11	0.07	0.02	0.03	0.06	0.06	0.05	0.05
Graham Number Full definition →	31.97	32.00	39.93	38.20	34.06	45.59	48.61	49.87	54.29	56.19
Earnings Yield Full definition →	4.55%	3.57%	5.69%	5.30%	3.14%	4.58%	7.67%	5.67%	5.86%	5.49%
Free Cash Flow Yield Full definition →	3.92%	5.05%	6.00%	6.08%	6.56%	4.74%	7.50%	5.36%	4.79%	6.58%
Revenue per Share Full definition →	22.22	24.97	27.71	30.02	30.84	35.12	37.51	38.32	39.79	43.25
Operating CF per Share Full definition →	2.71	4.06	4.45	4.47	6.11	4.73	4.96	4.61	4.28	5.91
Capex per Share Full definition →	(0.49)	(0.48)	(0.65)	(0.70)	(0.74)	(0.53)	(0.64)	(0.63)	(0.60)	(0.45)
Free Cash Flow per Share Full definition →	2.22	3.58	3.81	3.77	5.37	4.20	4.32	3.99	3.68	5.46
Cash per Share Full definition →	8.52	8.53	7.75	6.13	5.04	5.16	4.83	5.22	4.52	3.92
Shareholders Equity per Share Full definition →	17.67	17.99	19.63	19.72	20.07	22.75	23.76	26.19	29.05	30.77
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	17.67	17.99	19.63	19.72	20.07	22.75	23.76	26.19	29.05	30.77
Free Cash Flow Full definition →	1,345.00	2,123.00	2,215.00	2,107.00	2,901.00	2,216.00	2,236.00	2,013.00	1,827.00	2,665.00
Working Capital Full definition →	6,182.00	6,272.00	5,900.00	4,628.00	3,311.00	3,813.00	3,919.00	4,173.00	3,919.00	4,159.00
Capital Expenditures Full definition →	(300.00)	(284.00)	(377.00)	(392.00)	(398.00)	(279.00)	(332.00)	(317.00)	(297.00)	(218.00)
Net Current Asset Value Full definition →	5,066.00	4,559.00	4,188.00	2,429.00	764.00	1,481.00	1,723.00	2,250.00	1,946.00	2,141.00
EV/EBIT Full definition →	13.08	15.20	11.84	13.02	19.96	15.80	9.42	13.22	12.72	11.55
Capex to Sales Full definition →	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01
Price to Operating Income Full definition →	14.99	16.96	13.19	14.13	20.93	16.54	10.05	13.97	13.19	11.95
Other line items
Depreciation/Fixed assets Full definition →	0.29	0.33	0.36	0.40	0.45	0.49	0.52	0.53	0.55	0.59
Cash ROIC Full definition →	8.06%	12.93%	13.29%	13.91%	20.40%	14.45%	14.47%	12.22%	10.42%	15.25%
Accounts Receivable Turnover Full definition →	4.88	4.83	5.03	5.21	5.25	5.57	5.28	5.06	4.99	4.97
Accounts Payable Turnover Full definition →	47.69	47.54	46.30	46.85	33.98	30.94	34.53	36.34	38.28	43.18
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	7.88	8.38	7.98	8.20	13.31	11.36	10.56	9.71	9.58	8.04
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	2,763.50	3,063.50	3,206.00	3,223.00	3,171.50	3,322.00	3,676.50	3,822.50	3,954.00	4,249.00
Average Payables Full definition →	170.00	192.50	212.50	227.00	314.00	375.00	360.50	348.50	338.50	324.00
Average Assets Full definition →	13,661.50	14,741.50	15,533.50	16,025.00	16,563.50	17,387.50	17,852.00	18,167.50	19,224.50	20,329.00
Average Common Equity Full definition →	10,003.00	10,698.50	11,046.50	11,223.00	10,929.00	11,413.50	12,150.00	12,768.00	13,817.50	14,711.50

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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