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%
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

Cognizant Technology Solutions Corporation (CTSH) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Cognizant Technology Solutions Corporation (CTSH) trades at a price to free cash flow of 12.7×. Over the past ten years it has ranged from 6.9× (June 2026) to 32.4× (August 2015); the current reading is higher than 12% of that period. That is below the Information Technology Services industry median of 13.5× and below the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 15.2× (27.20%)
FY2024 20.9× 11.85%
FY2023 18.7× 39.90%
FY2022 13.3× (36.77%)
FY2021 21.1× 38.31%
FY2020 15.3× (7.29%)
FY2019 16.5× (1.35%)
FY2018 16.7× (15.84%)
FY2017 19.8× (22.31%)
FY2016 25.5× 33.57%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 10.9× 57.46%
Jun 2026 6.9× (41.36%)
Mar 2026 11.8× (22.05%)
Dec 2025 15.2× 26.87%
43 more quarters

Against its own ten years

Low 6.9× High 32.4×
Ten-year median 18.4×
Current reading's percentile 12

Price to free cash flow against peers

Company Price to free cash flow
FIS Fidelity National Information Services, Inc. compare 8.3×
LDOS Leidos Holdings, Inc. compare 8.5×
FISV Fiserv, Inc. compare 10.6×
CTSH Cognizant Technology Solutions Corporation 12.7×
INFY American Noble Gas Inc. compare 14.3×
WIT Wipro Limited compare 14.6×
CACI CACI International, Inc. compare 17.2×
BR Broadridge Financial Solutions, Inc. compare 17.6×
CDW CDW Corporation compare 21.4×
Information Technology Services industry median 13.5×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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