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Friday 6 November 2026
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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
66.50
0.72
+1.09%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
18.20 | 17.05 | 17.63 | 13.03 | 21.85 | 31.89 | 18.85 | 17.58 | 28.04 | 21.99 |
Piotroski F-Score |
7 | 3 | 6 | 8 | 9 | 5 | 6 | 7 | 6 | 6 |
Altman Z-Score |
7.11 | 6.85 | 7.16 | 6.09 | 7.54 | 6.88 | 6.84 | 8.08 | 8.53 | 8.80 |
P/S ratio |
1.92 | 1.93 | 1.94 | 1.54 | 2.53 | 2.66 | 2.07 | 2.29 | 2.84 | 2.54 |
P/FCF ratio |
15.20 | 20.88 | 18.66 | 13.34 | 21.10 | 15.25 | 16.45 | 16.68 | 19.82 | 25.51 |
Altman Z″-Score (non-manufacturers) |
7.58 | 7.38 | 7.45 | 7.19 | 6.79 | 6.05 | 7.34 | 8.71 | 8.52 | 9.50 |
Beneish M-Score |
(2.50) | (2.39) | (2.47) | (2.45) | (2.45) | (3.03) | (2.54) | (2.56) | (2.63) | (2.35) |
P/Operating CF |
47.21 | 41.46 | 50.98 | 42.50 | 56.67 | 49.28 | 36.96 | 52.63 | 50.33 | 56.80 |
Dividend Safety Score |
96 | — | — | — | — | — | — | — | — | — |
P/B ratio |
2.70 | 2.65 | 2.84 | 2.42 | 3.90 | 4.08 | 3.15 | 3.23 | 3.94 | 3.20 |
Price to Tangible BV |
6.24 | 6.51 | 6.27 | 5.49 | 9.07 | 9.30 | 5.78 | 5.44 | 6.02 | 4.75 |
EV/Sales |
1.85 | 1.86 | 1.84 | 1.44 | 2.41 | 2.53 | 1.90 | 2.06 | 2.55 | 2.22 |
EV/EBITDA |
9.93 | 10.71 | 10.96 | 7.91 | 13.14 | 15.78 | 10.72 | 10.05 | 12.90 | 11.22 |
EV/Operating CF |
13.57 | 17.31 | 15.25 | 10.89 | 17.90 | 12.79 | 12.78 | 12.80 | 15.67 | 18.20 |
EV/FCF |
14.68 | 20.13 | 17.66 | 12.51 | 20.15 | 14.54 | 15.16 | 14.98 | 17.77 | 22.26 |
Quick Ratio |
1.74 | 1.76 | 1.95 | 1.88 | 1.78 | 1.64 | 2.24 | 2.84 | 2.92 | 3.34 |
Current Ratio |
2.14 | 2.09 | 2.25 | 2.17 | 2.08 | 1.94 | 2.55 | 3.18 | 3.21 | 3.56 |
Net Debt/EBITDA |
(0.35) | (0.40) | (0.63) | (0.53) | (0.62) | (0.77) | (0.91) | (1.14) | (1.49) | (1.64) |
Debt/Assets |
2.62% | 4.38% | 3.28% | 3.57% | 3.51% | 3.92% | 4.32% | 4.64% | 4.59% | 5.59% |
Debt/Equity |
0.04 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
Asset Turnover |
1.04 | 1.03 | 1.07 | 1.09 | 1.06 | 1.01 | 1.05 | 1.04 | 1.00 | 0.99 |
Operating CF/Net income |
1.29 | 0.95 | 1.10 | 1.12 | 1.17 | 2.37 | 1.36 | 1.23 | 1.60 | 1.06 |
Capex/Depreciation |
(0.40) | (0.55) | (0.57) | (0.58) | (0.49) | (0.71) | (0.75) | (0.76) | (0.64) | (0.79) |
Interest Coverage |
91.59 | 53.56 | 65.59 | 156.21 | 314.00 | 88.08 | 94.35 | 103.74 | 107.87 | 120.47 |
| 15.16% | 16.21% | 16.65% | 18.85% | 18.72% | 12.74% | 16.41% | 19.02% | 14.06% | 15.53% | |
| 10.97% | 11.65% | 11.70% | 12.83% | 12.29% | 8.40% | 11.49% | 13.53% | 10.20% | 11.37% | |
ROIC |
15.52% | 13.86% | 15.01% | 17.76% | 17.84% | 15.06% | 18.48% | 22.89% | 24.57% | 22.51% |
Return on Tangible Assets |
43.79% | 45.59% | 40.72% | 45.62% | 42.88% | 30.51% | 31.03% | 28.80% | 19.80% | 20.73% |
Average Days of Receivables |
76.76 | 75.07 | 72.59 | 71.32 | 70.15 | 67.66 | 70.81 | 72.21 | 79.41 | 78.62 |
Research and Development Expense of Revenue |
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 |
15.35% | 16.33% | 16.80% | 17.72% | 18.93% | 18.62% | 17.71% | 18.65% | 18.21% | 20.25% |
Intangible Assets out of Total Assets |
0.41 | 0.43 | 0.39 | 0.39 | 0.38 | 0.36 | 0.31 | 0.29 | 0.24 | 0.25 |
Share Based Compensation of Revenue |
0.86% | 0.89% | 0.91% | 1.34% | 1.33% | 1.39% | 1.29% | 1.66% | 1.49% | 1.61% |
Graham Net Nets |
0.05 | 0.05 | 0.06 | 0.06 | 0.03 | 0.02 | 0.07 | 0.11 | 0.11 | 0.15 |
Graham Number |
56.19 | 54.29 | 49.87 | 48.61 | 45.59 | 34.06 | 38.20 | 39.93 | 32.00 | 31.97 |
Earnings Yield |
5.49% | 5.86% | 5.67% | 7.67% | 4.58% | 3.14% | 5.30% | 5.69% | 3.57% | 4.55% |
Free Cash Flow Yield |
6.58% | 4.79% | 5.36% | 7.50% | 4.74% | 6.56% | 6.08% | 6.00% | 5.05% | 3.92% |
Revenue per Share |
43.25 | 39.79 | 38.32 | 37.51 | 35.12 | 30.84 | 30.02 | 27.71 | 24.97 | 22.22 |
Operating CF per Share |
5.91 | 4.28 | 4.61 | 4.96 | 4.73 | 6.11 | 4.47 | 4.45 | 4.06 | 2.71 |
Capex per Share |
(0.45) | (0.60) | (0.63) | (0.64) | (0.53) | (0.74) | (0.70) | (0.65) | (0.48) | (0.49) |
Free Cash Flow per Share |
5.46 | 3.68 | 3.99 | 4.32 | 4.20 | 5.37 | 3.77 | 3.81 | 3.58 | 2.22 |
Cash per Share |
3.92 | 4.52 | 5.22 | 4.83 | 5.16 | 5.04 | 6.13 | 7.75 | 8.53 | 8.52 |
Shareholders Equity per Share |
30.77 | 29.05 | 26.19 | 23.76 | 22.75 | 20.07 | 19.72 | 19.63 | 17.99 | 17.67 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
30.77 | 29.05 | 26.19 | 23.76 | 22.75 | 20.07 | 19.72 | 19.63 | 17.99 | 17.67 |
Free Cash Flow |
2,665.00 | 1,827.00 | 2,013.00 | 2,236.00 | 2,216.00 | 2,901.00 | 2,107.00 | 2,215.00 | 2,123.00 | 1,345.00 |
Working Capital |
4,159.00 | 3,919.00 | 4,173.00 | 3,919.00 | 3,813.00 | 3,311.00 | 4,628.00 | 5,900.00 | 6,272.00 | 6,182.00 |
Capital Expenditures |
(218.00) | (297.00) | (317.00) | (332.00) | (279.00) | (398.00) | (392.00) | (377.00) | (284.00) | (300.00) |
Net Current Asset Value |
2,141.00 | 1,946.00 | 2,250.00 | 1,723.00 | 1,481.00 | 764.00 | 2,429.00 | 4,188.00 | 4,559.00 | 5,066.00 |
EV/EBIT |
11.55 | 12.72 | 13.22 | 9.42 | 15.80 | 19.96 | 13.02 | 11.84 | 15.20 | 13.08 |
Capex to Sales |
0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Price to Operating Income |
11.95 | 13.19 | 13.97 | 10.05 | 16.54 | 20.93 | 14.13 | 13.19 | 16.96 | 14.99 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.59 | 0.55 | 0.53 | 0.52 | 0.49 | 0.45 | 0.40 | 0.36 | 0.33 | 0.29 |
Cash ROIC |
15.25% | 10.42% | 12.22% | 14.47% | 14.45% | 20.40% | 13.91% | 13.29% | 12.93% | 8.06% |
Accounts Receivable Turnover |
4.97 | 4.99 | 5.06 | 5.28 | 5.57 | 5.25 | 5.21 | 5.03 | 4.83 | 4.88 |
Accounts Payable Turnover |
43.18 | 38.28 | 36.34 | 34.53 | 30.94 | 33.98 | 46.85 | 46.30 | 47.54 | 47.69 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
8.04 | 9.58 | 9.71 | 10.56 | 11.36 | 13.31 | 8.20 | 7.98 | 8.38 | 7.88 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
4,249.00 | 3,954.00 | 3,822.50 | 3,676.50 | 3,322.00 | 3,171.50 | 3,223.00 | 3,206.00 | 3,063.50 | 2,763.50 |
Average Payables |
324.00 | 338.50 | 348.50 | 360.50 | 375.00 | 314.00 | 227.00 | 212.50 | 192.50 | 170.00 |
Average Assets |
20,329.00 | 19,224.50 | 18,167.50 | 17,852.00 | 17,387.50 | 16,563.50 | 16,025.00 | 15,533.50 | 14,741.50 | 13,661.50 |
Average Common Equity |
14,711.50 | 13,817.50 | 12,768.00 | 12,150.00 | 11,413.50 | 10,929.00 | 11,223.00 | 11,046.50 | 10,698.50 | 10,003.00 |
Columns are period end dates · fundamentals updated 2 Nov 2026