Cognizant Technology Solutions (CTSH) Financials

$80.64 +1.52 (+1.92%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$80.68 +0.04 (+0.05%)

As of 04:17 AM Eastern

Annual Income Statements for Cognizant Technology Solutions

This table shows Cognizant Technology Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,240	2,126	2,290	2,137	1,392	1,842	2,101	1,504	1,553	1,624
Consolidated Net Income / (Loss)	2,240	2,126	2,290	2,137	1,392	1,842	2,101	1,504	1,553	1,624
Net Income / (Loss) Continuing Operations	2,240	2,126	2,290	2,137	1,392	1,842	2,101	1,504	1,553	1,624
Total Pre-Tax Income	2,938	2,787	3,016	2,827	2,096	2,543	2,797	2,655	2,357	2,164
Total Operating Income	2,892	2,689	2,968	2,826	2,114	2,453	2,801	2,481	2,289	2,142
Total Gross Profit	6,778	6,689	6,980	6,903	5,981	6,149	6,287	5,658	5,379	4,976
Total Revenue	19,736	19,353	19,428	18,507	16,652	16,783	16,125	14,810	13,487	12,416
Operating Revenue	19,736	19,353	19,428	18,507	16,652	16,783	16,125	14,810	13,487	12,416
Total Cost of Revenue	12,958	12,664	12,448	11,604	10,671	10,634	9,838	9,152	8,108	7,440
Operating Cost of Revenue	12,958	12,664	12,448	11,604	10,671	10,634	9,838	9,152	8,108	7,440
Total Operating Expenses	3,886	4,000	4,012	4,077	3,867	3,696	3,486	3,177	3,090	2,834
Selling, General & Admin Expense	3,223	3,252	3,443	3,503	3,100	2,972	3,007	2,697	2,731	2,509
Depreciation Expense	529	519	569	574	552	507	460	408	359	325
Restructuring Charge	134	229	0.00	0.00	215	217	19	72	-	-
Total Other Income / (Expense), net	46	98	48	1.00	-18	90	-4.00	174	68	22
Interest Expense	54	41	19	9.00	24	26	27	23	19	18
Interest & Investment Income	119	126	59	30	119	176	177	133	115	84
Other Income / (Expense), net	-19	13	8.00	-20	-113	-60	-154	64	-28	-44
Income Tax Expense	713	668	730	693	704	643	698	1,153	805	540
Other Gains / (Losses), net	15	7.00	4.00	3.00	0.00	-58	2.00	2.00	1.00	0.00
Basic Earnings per Share	$4.52	$4.21	$4.42	$4.06	$2.58	$3.30	$3.61	$2.54	$2.56	$2.67
Weighted Average Basic Shares Outstanding	496M	505M	518M	527M	540M	559M	582M	593M	607M	609M
Diluted Earnings per Share	$4.51	$4.21	$4.41	$4.05	$2.57	$3.29	$3.60	$2.53	$2.55	$2.65
Weighted Average Diluted Shares Outstanding	497M	505M	519M	528M	541M	560M	584M	595M	610M	613M
Weighted Average Basic & Diluted Shares Outstanding	494.62M	497.84M	509.29M	524.53M	530.61M	548.64M	614.30M	592.10M	606.60M	608.20M
Cash Dividends to Common per Share	$1.20	$1.16	$1.08	$0.96	$0.88	$0.80	$0.00	-	$0.00	$0.00

This table shows Cognizant Technology Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	663	546	582	566	546	558	525	463	580	521	629
Consolidated Net Income / (Loss)	663	546	582	566	546	558	525	463	580	521	629
Net Income / (Loss) Continuing Operations	663	546	582	566	546	558	525	463	580	521	629
Total Pre-Tax Income	872	740	748	728	722	749	713	587	738	714	812
Total Operating Income	853	751	738	708	695	724	686	577	702	686	798
Total Gross Profit	1,718	1,785	1,733	1,646	1,614	1,677	1,688	1,655	1,669	1,687	1,777
Total Revenue	5,115	5,082	5,044	4,850	4,760	4,758	4,897	4,886	4,812	4,839	4,857
Operating Revenue	5,115	5,082	5,044	4,850	4,760	4,758	4,897	4,886	4,812	4,839	4,857
Total Cost of Revenue	3,397	3,297	3,311	3,204	3,146	3,081	3,209	3,231	3,143	3,152	3,080
Operating Cost of Revenue	3,397	3,297	3,311	3,204	3,146	3,081	3,209	3,231	3,143	3,152	3,080
Total Operating Expenses	865	1,034	995	938	919	953	1,002	1,078	967	1,001	979
Selling, General & Admin Expense	791	844	833	781	765	786	801	830	835	860	838
Depreciation Expense	136	141	129	128	131	127	129	131	132	141	141
Restructuring Charge	0.00	49	33	29	23	40	72	117	0.00	-	0.00
Other Special Charges / (Income)	-62	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	19	-11	10	20	27	25	27	10	36	28	14
Interest Expense	12	19	14	10	11	11	11	10	9.00	8.00	6.00
Interest & Investment Income	30	28	31	30	30	34	32	30	30	27	17
Other Income / (Expense), net	1.00	-20	-7.00	0.00	8.00	2.00	6.00	-10	15	9.00	3.00
Income Tax Expense	213	199	170	165	179	195	191	124	158	193	183
Other Gains / (Losses), net	4.00	5.00	4.00	3.00	3.00	4.00	3.00	0.00	0.00	-	0.00
Basic Earnings per Share	$1.34	$1.11	$1.17	$1.14	$1.10	$1.11	$1.04	$0.92	$1.14	$1.02	$1.22
Weighted Average Basic Shares Outstanding	494M	496M	496M	497M	497M	505M	504M	506M	509M	518M	516M
Diluted Earnings per Share	$1.34	$1.10	$1.17	$1.14	$1.10	$1.12	$1.04	$0.91	$1.14	$1.01	$1.22
Weighted Average Diluted Shares Outstanding	495M	497M	496M	498M	498M	505M	505M	507M	509M	519M	517M
Weighted Average Basic & Diluted Shares Outstanding	492.94M	494.62M	495.82M	495.66M	497.20M	497.84M	501.41M	505.04M	507.48M	509.29M	513.92M

This table details how cash moves in and out of Cognizant Technology Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-486	423	502	-888	35	1,484	-764	-109	-91	115
Net Cash From Operating Activities	2,124	2,330	2,568	2,495	3,299	2,499	2,592	2,407	1,645	2,187
Net Cash From Continuing Operating Activities	2,124	2,330	2,568	2,495	3,299	2,499	2,592	2,407	1,645	2,187
Net Income / (Loss) Continuing Operations	2,240	2,126	2,290	2,137	1,392	1,842	2,101	1,504	1,553	1,624
Consolidated Net Income / (Loss)	2,240	2,126	2,290	2,137	1,392	1,842	2,101	1,504	1,553	1,624
Depreciation Expense	542	555	569	574	559	526	498	443	379	330
Non-Cash Adjustments To Reconcile Net Income	207	-162	306	245	351	336	392	150	275	251
Changes in Operating Assets and Liabilities, net	-865	-189	-597	-461	997	-205	-399	310	-562	-18
Net Cash From Investing Activities	-1,646	-331	-106	-2,164	-1,238	1,588	-1,627	-582	-963	-1,371
Net Cash From Continuing Investing Activities	-1,646	-331	-106	-2,164	-1,238	1,588	-1,627	-582	-963	-1,371
Purchase of Property, Plant & Equipment	-297	-317	-332	-279	-398	-392	-377	-284	-300	-273
Acquisitions	-1,615	-409	-367	-970	-1,123	-617	-1,111	-216	-334	-2.00
Purchase of Investments	-2.00	-441	-1,817	-2,293	-733	-1,509	-3,506	-4,726	-5,169	-3,004
Divestitures	0.00	0.00	28	0.00	0.00	-	-	-	-	-
Sale and/or Maturity of Investments	268	836	2,382	1,378	1,016	4,106	3,367	4,644	4,840	1,908
Net Cash From Financing Activities	-915	-1,609	-1,939	-1,203	-2,009	-2,569	-1,693	-1,985	-743	-682
Net Cash From Continuing Financing Activities	-915	-1,609	-1,939	-1,203	-2,009	-2,569	-1,693	-1,985	-743	-682
Repayment of Debt	-373	-25	-689	-53	-1,790	-28	-170	-95	-407	-53
Repurchase of Common Equity	-605	-1,064	-1,422	-771	-1,621	-2,247	-1,261	-1,889	-512	-460
Payment of Dividends	-600	-591	-564	-509	-480	-453	-468	-265	0.00	0.00
Issuance of Debt	600	0.00	650	0.00	1,740	0.00	0.00	75	0.00	-300
Issuance of Common Equity	63	71	86	130	142	159	181	189	176	131
Other Net Changes in Cash	-49	-	-	-	-	-	-	-	-	-
Cash Interest Paid	53	40	15	7.00	25	25	21	21	16	14
Cash Income Taxes Paid	1,120	1,245	813	625	745	870	597	587	845	579

This table details how cash moves in and out of Cognizant Technology Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-251	218	-180	-38	-486	513	149	-403	164	252	274
Net Cash From Operating Activities	400	920	847	262	95	737	828	36	729	702	1,032
Net Cash From Continuing Operating Activities	400	920	847	262	95	737	828	36	729	702	1,032
Net Income / (Loss) Continuing Operations	663	546	582	566	546	558	525	463	580	521	629
Consolidated Net Income / (Loss)	663	546	582	566	546	558	525	463	580	521	629
Depreciation Expense	136	143	133	133	133	136	146	141	132	141	141
Non-Cash Adjustments To Reconcile Net Income	-26	50	36	47	74	-352	75	44	71	22	88
Changes in Operating Assets and Liabilities, net	-373	181	96	-484	-658	395	82	-612	-54	18	174
Net Cash From Investing Activities	-7.00	-79	-1,250	-79	-238	168	-199	-85	-215	-78	-257
Net Cash From Continuing Investing Activities	-7.00	-79	-1,250	-79	-238	168	-199	-85	-215	-78	-257
Purchase of Property, Plant & Equipment	-77	-83	-56	-79	-79	-78	-73	-68	-98	-90	-79
Acquisitions	0.00	-	-1,194	-	-421	-	-	-	-409	-367	-
Sale of Property, Plant & Equipment	70	-	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	0.00	5.00	-	1.00	262	226	133	156	321	666	542
Net Cash From Financing Activities	-657	-602	212	-221	-304	-455	-450	-354	-350	-431	-458
Net Cash From Continuing Financing Activities	-657	-602	212	-221	-304	-455	-450	-354	-350	-431	-458
Repayment of Debt	-312	-312	-11	-10	-40	-10	-4.00	-10	-1.00	-642	-21
Repurchase of Common Equity	-209	-154	-242	-76	-133	-313	-315	-214	-222	-315	-315
Payment of Dividends	-155	-150	-149	-150	-151	-146	-147	-148	-150	-139	-141
Issuance of Common Equity	19	14	14	15	20	14	16	18	23	15	19
Effect of Exchange Rate Changes	13	-	11	-	-39	63	-30	-	0.00	59	-43

This table presents Cognizant Technology Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	19,966	18,483	17,852	17,852	16,923	16,204	15,846	15,221	14,262	13,061
Total Current Assets	7,504	7,506	7,266	7,342	6,851	7,611	8,610	9,111	8,600	7,909
Cash & Equivalents	2,231	2,621	2,191	1,792	2,680	2,645	1,161	1,925	2,034	2,125
Short-Term Investments	12	14	310	927	44	779	3,350	3,131	3,135	2,824
Accounts Receivable	4,059	3,849	3,796	3,557	3,087	3,256	3,190	3,222	2,905	2,622
Other Current Assets	1,202	1,022	969	1,066	1,040	931	909	833	526	338
Plant, Property, & Equipment, net	994	1,048	1,101	1,171	1,251	1,309	1,394	1,324	1,311	1,271
Total Noncurrent Assets	11,468	9,929	9,485	9,339	8,821	7,284	5,842	4,786	4,351	3,881
Long-Term Investments	90	435	427	463	440	17	80	235	62	0.00
Goodwill	6,953	6,085	5,710	5,620	5,031	3,979	3,481	2,704	2,554	2,405
Intangible Assets	1,599	1,149	1,168	1,218	1,046	1,041	1,150	981	951	864
Noncurrent Deferred & Refundable Income Taxes	1,248	993	642	404	445	585	442	418	425	348
Other Noncurrent Operating Assets	1,578	1,267	1,538	1,634	1,859	1,662	689	448	359	264
Total Liabilities & Shareholders' Equity	19,966	18,483	17,852	17,852	16,923	16,204	15,846	15,221	14,262	13,061
Total Liabilities	5,558	5,256	5,543	5,861	6,087	5,182	4,422	4,552	3,534	3,783
Total Current Liabilities	3,585	3,333	3,347	3,529	3,540	2,983	2,710	2,839	2,418	2,714
Short-Term Debt	33	33	8.00	38	38	38	9.00	175	81	406
Accounts Payable	340	337	360	361	389	239	215	210	175	165
Accrued Expenses	2,610	2,425	2,407	2,532	2,519	2,191	2,200	2,071	1,856	1,819
Current Deferred Revenue	450	385	398	403	383	313	286	383	306	324
Other Current Liabilities	152	153	174	195	211	202	-	-	-	-
Total Noncurrent Liabilities	1,973	1,923	2,196	2,332	2,547	2,199	1,712	1,713	1,116	1,069
Long-Term Debt	875	606	638	626	663	700	736	698	797	877
Capital Lease Obligations	420	523	714	783	846	745	-	-	-	-
Noncurrent Deferred Revenue	30	199	302	418	464	501	540	688	151	49
Noncurrent Deferred & Payable Income Tax Liabilities	154	226	180	218	206	35	183	146	6.00	3.00
Other Noncurrent Operating Liabilities	494	369	362	287	368	218	253	181	162	140
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,408	13,227	12,309	11,991	10,836	11,022	11,424	10,669	10,728	9,278
Total Preferred & Common Equity	14,408	13,227	12,309	11,991	10,836	11,022	11,424	10,669	10,728	9,278
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	14,408	13,227	12,309	11,991	10,836	11,022	11,424	10,669	10,728	9,278
Common Stock	18	20	20	32	37	38	53	55	364	459
Retained Earnings	14,686	13,301	12,588	11,922	10,689	11,022	11,485	10,544	10,478	8,925
Accumulated Other Comprehensive Income / (Loss)	-296	-94	-299	37	110	-38	-114	70	-114	-106

This table presents Cognizant Technology Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	19,967	19,966	20,164	18,580	18,408	18,483	18,079	17,967	18,147	17,852	17,347
Total Current Assets	7,545	7,504	7,548	7,245	7,086	7,506	7,127	6,951	7,228	7,266	7,317
Cash & Equivalents	1,980	2,231	2,013	2,193	2,231	2,621	2,204	2,055	2,458	2,191	2,042
Short-Term Investments	12	12	12	12	12	14	164	40	23	310	689
Accounts Receivable	4,239	4,059	4,206	3,973	3,822	3,849	3,807	3,755	3,718	3,796	3,686
Other Current Assets	1,314	1,202	1,317	1,067	1,021	1,022	952	1,101	1,029	969	900
Plant, Property, & Equipment, net	988	994	1,001	1,009	1,036	1,048	1,048	1,087	1,102	1,101	1,105
Total Noncurrent Assets	11,434	11,468	11,615	10,326	10,286	9,929	9,904	9,929	9,817	9,485	8,925
Long-Term Investments	94	90	90	86	83	435	432	425	424	427	431
Goodwill	7,006	6,953	7,132	6,395	6,393	6,085	6,013	6,065	6,040	5,710	5,425
Intangible Assets	1,555	1,599	1,681	1,129	1,171	1,149	1,174	1,228	1,262	1,168	1,038
Noncurrent Deferred & Refundable Income Taxes	1,216	1,248	1,091	1,095	993	993	935	762	666	642	520
Other Noncurrent Operating Assets	1,563	1,578	1,621	1,621	1,646	1,267	1,350	1,449	1,425	1,538	1,511
Total Liabilities & Shareholders' Equity	19,967	19,966	20,164	18,580	18,408	18,483	18,079	17,967	18,147	17,852	17,347
Total Liabilities	5,068	5,558	5,712	4,682	4,918	5,256	5,197	5,064	5,486	5,543	5,389
Total Current Liabilities	3,406	3,585	3,388	2,946	3,012	3,333	3,191	3,056	3,321	3,347	3,223
Short-Term Debt	33	33	33	33	33	33	33	24	16	8.00	0.00
Accounts Payable	326	340	304	298	291	337	325	318	332	360	367
Accrued Expenses	2,373	2,610	2,504	2,076	2,096	2,425	2,367	2,163	2,331	2,407	2,338
Current Deferred Revenue	519	450	355	391	449	385	302	380	469	398	345
Other Current Liabilities	155	152	192	148	143	153	164	171	173	174	173
Total Noncurrent Liabilities	1,662	1,973	2,324	1,736	1,906	1,923	2,006	2,008	2,165	2,196	2,166
Long-Term Debt	567	875	1,183	590	598	606	614	622	630	638	636
Capital Lease Obligations	424	420	455	466	503	523	634	664	688	714	711
Noncurrent Deferred Revenue	33	30	28	29	193	199	191	187	315	302	300
Noncurrent Deferred & Payable Income Tax Liabilities	171	154	218	203	201	226	220	220	215	180	190
Other Noncurrent Operating Liabilities	467	494	440	448	411	369	347	315	317	362	329
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,899	14,408	14,452	13,898	13,490	13,227	12,882	12,903	12,661	12,309	11,958
Total Preferred & Common Equity	14,899	14,408	14,452	13,898	13,490	13,227	12,882	12,903	12,661	12,309	11,958
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	14,899	14,408	14,452	13,898	13,490	13,227	12,882	12,903	12,661	12,309	11,958
Common Stock	24	18	63	20	25	20	21	22	27	20	22
Retained Earnings	15,040	14,686	14,347	14,028	13,621	13,301	13,146	13,022	12,856	12,588	12,447
Accumulated Other Comprehensive Income / (Loss)	-165	-296	42	-150	-156	-94	-285	-141	-222	-299	-511

This table displays calculated financial ratios and metrics derived from Cognizant Technology Solutions' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.98%	-0.39%	4.98%	11.14%	-0.78%	4.08%	8.88%	9.81%	8.63%	20.98%
EBITDA Growth	4.85%	-8.12%	4.88%	32.03%	-12.30%	-7.19%	5.25%	13.18%	8.73%	17.12%
EBIT Growth	6.33%	-9.21%	6.06%	40.23%	-16.38%	-9.60%	4.01%	12.56%	7.77%	12.49%
NOPAT Growth	7.13%	-9.12%	5.46%	51.95%	-23.40%	-12.81%	49.76%	-6.88%	-6.24%	14.02%
Net Income Growth	5.36%	-7.16%	7.16%	53.52%	-24.43%	-12.33%	39.69%	-3.16%	-4.37%	12.86%
EPS Growth	7.13%	-4.54%	8.89%	57.59%	-21.88%	-8.61%	42.29%	-0.78%	-3.77%	12.77%
Operating Cash Flow Growth	-8.84%	-9.27%	2.93%	-24.37%	32.01%	-3.59%	7.69%	46.32%	-24.78%	48.47%
Free Cash Flow Firm Growth	-92.76%	-16.89%	60.97%	-12.23%	260.18%	-55.26%	-49.27%	105.26%	-53.44%	188.57%
Invested Capital Growth	18.41%	5.38%	4.73%	11.25%	1.71%	19.61%	21.23%	-1.95%	13.60%	0.16%
Revenue Q/Q Growth	1.67%	-0.42%	0.32%	3.31%	-0.60%	0.93%	1.90%	2.53%	1.73%	4.11%
EBITDA Q/Q Growth	0.35%	0.80%	-1.12%	8.75%	-4.51%	-5.81%	3.32%	5.96%	0.36%	3.98%
EBIT Q/Q Growth	0.17%	1.16%	-1.23%	10.91%	-6.36%	-7.07%	3.60%	6.13%	-0.15%	3.33%
NOPAT Q/Q Growth	0.66%	1.74%	-3.07%	13.74%	-8.99%	-5.16%	42.97%	-23.98%	-0.10%	3.83%
Net Income Q/Q Growth	-0.53%	1.77%	-2.35%	13.85%	-5.37%	-12.08%	46.41%	-22.39%	-0.50%	3.92%
EPS Q/Q Growth	-0.44%	2.68%	-2.00%	14.41%	-4.81%	-10.84%	46.94%	-22.15%	-1.16%	3.11%
Operating Cash Flow Q/Q Growth	9.43%	1.53%	-4.57%	-2.84%	-1.20%	10.43%	-4.92%	10.67%	-6.78%	22.35%
Free Cash Flow Firm Q/Q Growth	122.62%	85.76%	16.19%	-1.10%	-37.41%	239.50%	-46.60%	18.50%	-22.91%	212.97%
Invested Capital Q/Q Growth	-4.32%	-0.39%	5.90%	9.80%	7.52%	0.41%	10.69%	-8.44%	1.68%	-2.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.34%	34.56%	35.93%	37.30%	35.92%	36.64%	38.99%	38.20%	39.88%	40.08%
EBITDA Margin	17.30%	16.83%	18.25%	18.26%	15.37%	17.39%	19.50%	20.18%	19.57%	19.56%
Operating Margin	14.65%	13.89%	15.28%	15.27%	12.70%	14.62%	17.37%	16.75%	16.97%	17.25%
EBIT Margin	14.56%	13.96%	15.32%	15.16%	12.02%	14.26%	16.42%	17.18%	16.76%	16.90%
Profit (Net Income) Margin	11.35%	10.99%	11.79%	11.55%	8.36%	10.98%	13.03%	10.16%	11.51%	13.08%
Tax Burden Percent	76.24%	76.28%	75.93%	75.59%	66.41%	72.43%	75.12%	56.65%	65.89%	75.05%
Interest Burden Percent	102.26%	103.15%	101.34%	100.75%	104.75%	106.27%	105.67%	104.32%	104.25%	103.15%
Effective Tax Rate	24.27%	23.97%	24.20%	24.51%	33.59%	25.29%	24.96%	43.43%	34.15%	24.95%
Return on Invested Capital (ROIC)	17.72%	18.54%	21.43%	21.91%	15.36%	22.03%	30.40%	22.23%	25.15%	28.67%
ROIC Less NNEP Spread (ROIC-NNEP)	14.30%	13.85%	18.98%	21.68%	16.03%	21.71%	30.42%	19.94%	24.01%	28.10%
Return on Net Nonoperating Assets (RNNOA)	-1.51%	-1.88%	-2.58%	-3.18%	-2.62%	-5.61%	-11.38%	-8.17%	-9.62%	-9.58%
Return on Equity (ROE)	16.21%	16.65%	18.85%	18.72%	12.74%	16.41%	19.02%	14.06%	15.53%	19.09%
Cash Return on Invested Capital (CROIC)	0.86%	13.30%	16.81%	11.26%	13.66%	4.17%	11.21%	24.20%	12.42%	28.51%
Operating Return on Assets (OROA)	14.94%	14.87%	16.67%	16.14%	12.08%	14.93%	17.04%	17.26%	16.55%	17.10%
Return on Assets (ROA)	11.65%	11.70%	12.83%	12.29%	8.40%	11.49%	13.53%	10.20%	11.37%	13.24%
Return on Common Equity (ROCE)	16.21%	16.65%	18.85%	18.72%	12.74%	16.41%	19.02%	14.06%	15.53%	19.09%
Return on Equity Simple (ROE_SIMPLE)	15.55%	16.07%	18.60%	17.82%	12.85%	16.71%	18.39%	14.10%	14.48%	17.50%
Net Operating Profit after Tax (NOPAT)	2,190	2,044	2,250	2,133	1,404	1,833	2,102	1,404	1,507	1,607
NOPAT Margin	11.10%	10.56%	11.58%	11.53%	8.43%	10.92%	13.04%	9.48%	11.18%	12.95%
Net Nonoperating Expense Percent (NNEP)	3.42%	4.69%	2.45%	0.22%	-0.67%	0.32%	-0.02%	2.29%	1.14%	0.57%
Return On Investment Capital (ROIC_SIMPLE)	13.92%	14.21%	16.46%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	65.66%	65.44%	64.07%	62.70%	64.08%	63.36%	61.01%	61.80%	60.12%	59.92%
SG&A Expenses to Revenue	16.33%	16.80%	17.72%	18.93%	18.62%	17.71%	18.65%	18.21%	20.25%	20.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.69%	20.67%	20.65%	22.03%	23.22%	22.02%	21.62%	21.45%	22.91%	22.83%
Earnings before Interest and Taxes (EBIT)	2,873	2,702	2,976	2,806	2,001	2,393	2,647	2,545	2,261	2,098
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,415	3,257	3,545	3,380	2,560	2,919	3,145	2,988	2,640	2,428
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.65	2.82	2.31	3.72	3.82	2.87	2.96	3.57	2.87	3.56
Price to Tangible Book Value (P/TBV)	6.51	6.22	5.23	8.65	8.69	5.27	4.98	5.46	4.26	5.49
Price to Revenue (P/Rev)	1.93	1.93	1.46	2.41	2.48	1.89	2.10	2.57	2.28	2.66
Price to Earnings (P/E)	17.02	17.53	12.41	20.85	29.72	17.17	16.10	25.35	19.80	20.33
Dividend Yield	1.56%	1.56%	1.95%	1.13%	1.14%	1.38%	1.37%	0.70%	0.00%	0.00%
Earnings Yield	5.87%	5.70%	8.06%	4.80%	3.36%	5.82%	6.21%	3.95%	5.05%	4.92%
Enterprise Value to Invested Capital (EV/IC)	2.77	3.12	2.50	4.18	4.31	3.27	3.95	5.39	4.14	5.23
Enterprise Value to Revenue (EV/Rev)	1.88	1.83	1.38	2.31	2.39	1.77	1.86	2.28	1.96	2.36
Enterprise Value to EBITDA (EV/EBITDA)	10.87	10.86	7.58	12.67	15.53	10.17	9.53	11.28	10.00	12.08
Enterprise Value to EBIT (EV/EBIT)	12.92	13.09	9.03	15.26	19.87	12.40	11.32	13.24	11.67	13.99
Enterprise Value to NOPAT (EV/NOPAT)	16.95	17.30	11.94	20.07	28.31	16.19	14.26	24.01	17.51	18.25
Enterprise Value to Operating Cash Flow (EV/OCF)	17.48	15.18	10.46	17.16	12.05	11.88	11.56	14.00	16.04	13.42
Enterprise Value to Free Cash Flow (EV/FCFF)	349.69	24.11	15.22	39.06	31.83	85.59	38.67	22.06	35.46	18.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.09	0.11	0.12	0.14	0.13	0.07	0.08	0.08	0.14
Long-Term Debt to Equity	0.09	0.09	0.11	0.12	0.14	0.13	0.06	0.07	0.07	0.09
Financial Leverage	-0.11	-0.14	-0.14	-0.15	-0.16	-0.26	-0.37	-0.41	-0.40	-0.34
Leverage Ratio	1.39	1.42	1.47	1.52	1.52	1.43	1.41	1.38	1.37	1.44
Compound Leverage Factor	1.42	1.47	1.49	1.53	1.59	1.52	1.49	1.44	1.42	1.49
Debt to Total Capital	8.44%	8.08%	9.95%	10.77%	12.49%	11.86%	6.12%	7.56%	7.57%	12.15%
Short-Term Debt to Total Capital	0.21%	0.23%	0.06%	0.28%	0.31%	0.30%	0.07%	1.52%	0.70%	3.84%
Long-Term Debt to Total Capital	8.23%	7.85%	9.89%	10.49%	12.19%	11.56%	6.05%	6.05%	6.87%	8.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	91.56%	91.92%	90.05%	89.23%	87.51%	88.14%	93.88%	92.44%	92.43%	87.85%
Debt to EBITDA	0.39	0.36	0.38	0.43	0.60	0.51	0.24	0.29	0.33	0.53
Net Debt to EBITDA	-0.29	-0.59	-0.44	-0.51	-0.63	-0.67	-1.22	-1.48	-1.65	-1.51
Long-Term Debt to EBITDA	0.38	0.35	0.38	0.42	0.59	0.50	0.23	0.23	0.30	0.36
Debt to NOPAT	0.61	0.57	0.60	0.68	1.10	0.81	0.35	0.62	0.58	0.80
Net Debt to NOPAT	-0.46	-0.93	-0.70	-0.81	-1.15	-1.07	-1.83	-3.15	-2.89	-2.28
Long-Term Debt to NOPAT	0.59	0.55	0.60	0.66	1.07	0.79	0.35	0.50	0.53	0.55
Altman Z-Score	6.84	7.06	5.97	7.31	6.57	6.48	7.62	8.01	8.24	8.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.09	2.25	2.17	2.08	1.94	2.55	3.18	3.21	3.56	2.91
Quick Ratio	1.76	1.95	1.88	1.78	1.64	2.24	2.84	2.92	3.34	2.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	106	1,466	1,765	1,096	1,249	347	775	1,528	744	1,598
Operating Cash Flow to CapEx	715.15%	735.02%	773.49%	894.27%	828.89%	637.50%	687.53%	847.54%	548.33%	801.10%
Free Cash Flow to Firm to Interest Expense	1.97	35.77	92.87	121.81	52.04	13.34	28.70	66.42	39.17	88.81
Operating Cash Flow to Interest Expense	39.33	56.83	135.16	277.22	137.46	96.12	96.00	104.65	86.58	121.50
Operating Cash Flow Less CapEx to Interest Expense	33.83	49.10	117.68	246.22	120.88	81.04	82.04	92.30	70.79	106.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.03	1.07	1.09	1.06	1.01	1.05	1.04	1.00	0.99	1.01
Accounts Receivable Turnover	4.99	5.06	5.28	5.57	5.25	5.21	5.03	4.83	4.88	5.05
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.33	18.01	17.10	15.28	13.01	12.42	11.87	11.24	10.45	9.86
Accounts Payable Turnover	38.28	36.34	34.53	30.94	33.98	46.85	46.30	47.54	47.69	47.89
Days Sales Outstanding (DSO)	73.13	72.09	69.07	65.52	69.52	70.09	72.57	75.50	74.79	72.25
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	9.53	10.04	10.57	11.80	10.74	7.79	7.88	7.68	7.65	7.62
Cash Conversion Cycle (CCC)	63.59	62.05	58.50	53.72	58.78	62.30	64.69	67.82	67.14	64.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,403	11,319	10,741	10,256	9,219	9,064	7,578	6,251	6,375	5,612
Invested Capital Turnover	1.60	1.75	1.85	1.90	1.82	2.02	2.33	2.35	2.25	2.21
Increase / (Decrease) in Invested Capital	2,084	578	485	1,037	155	1,486	1,327	-124	763	9.00
Enterprise Value (EV)	37,124	35,363	26,859	42,824	39,751	29,677	29,970	33,701	26,392	29,342
Market Capitalization	38,129	37,271	28,427	44,559	41,368	31,635	33,816	38,119	30,745	33,008
Book Value per Share	$29.06	$26.38	$23.95	$22.83	$20.27	$20.13	$19.73	$18.09	$17.68	$15.26
Tangible Book Value per Share	$11.81	$11.95	$10.57	$9.81	$8.90	$10.96	$11.73	$11.84	$11.91	$9.88
Total Capital	15,736	14,389	13,669	13,438	12,383	12,505	12,169	11,542	11,606	10,561
Total Debt	1,328	1,162	1,360	1,447	1,547	1,483	745	873	878	1,283
Total Long-Term Debt	1,295	1,129	1,352	1,409	1,509	1,445	736	698	797	877
Net Debt	-1,005	-1,908	-1,568	-1,735	-1,617	-1,958	-3,846	-4,418	-4,353	-3,666
Capital Expenditures (CapEx)	297	317	332	279	398	392	377	284	300	273
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,709	1,571	1,426	1,132	625	1,242	1,398	1,391	1,094	652
Debt-free Net Working Capital (DFNWC)	3,952	4,206	3,927	3,851	3,349	4,666	5,909	6,447	6,263	5,601
Net Working Capital (NWC)	3,919	4,173	3,919	3,813	3,311	4,628	5,900	6,272	6,182	5,195
Net Nonoperating Expense (NNE)	-50	-82	-40	-3.75	12	-9.24	1.00	-100	-46	-17
Net Nonoperating Obligations (NNO)	-1,005	-1,908	-1,568	-1,735	-1,617	-1,958	-3,846	-4,418	-4,353	-3,666
Total Depreciation and Amortization (D&A)	542	555	569	574	559	526	498	443	379	330
Debt-free, Cash-free Net Working Capital to Revenue	8.66%	8.12%	7.34%	6.12%	3.75%	7.40%	8.67%	9.39%	8.11%	5.25%
Debt-free Net Working Capital to Revenue	20.02%	21.73%	20.21%	20.81%	20.11%	27.80%	36.65%	43.53%	46.44%	45.11%
Net Working Capital to Revenue	19.86%	21.56%	20.17%	20.60%	19.88%	27.58%	36.59%	42.35%	45.84%	41.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.52	$4.21	$4.42	$4.06	$2.58	$3.30	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	496M	505M	518M	527M	540M	559M	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$4.51	$4.21	$4.41	$4.05	$2.57	$3.29	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	497M	505M	519M	528M	541M	560M	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	494.62M	497.84M	509.29M	524.53M	530.61M	548.64M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	2,292	2,219	2,250	2,133	1,547	1,995	2,116	1,444	1,507	1,607
Normalized NOPAT Margin	11.61%	11.46%	11.58%	11.53%	9.29%	11.89%	13.12%	9.75%	11.18%	12.95%
Pre Tax Income Margin	14.89%	14.40%	15.52%	15.28%	12.59%	15.15%	17.35%	17.93%	17.48%	17.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	53.20	65.90	156.63	311.78	83.38	92.04	98.04	110.65	119.00	116.56
NOPAT to Interest Expense	40.56	49.87	118.40	237.03	58.50	70.49	77.85	61.02	79.33	89.31
EBIT Less CapEx to Interest Expense	47.70	58.17	139.16	280.78	66.79	76.96	84.07	98.30	103.21	101.39
NOPAT Less CapEx to Interest Expense	35.06	42.13	100.93	206.03	41.91	55.41	63.89	48.68	63.54	74.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.79%	27.80%	24.63%	23.82%	34.48%	24.59%	22.28%	17.62%	0.00%	0.00%
Augmented Payout Ratio	53.79%	77.85%	86.72%	59.90%	150.93%	146.58%	82.29%	143.22%	32.97%	28.33%

This table displays calculated financial ratios and metrics derived from Cognizant Technology Solutions' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.46%	6.81%	3.00%	-0.74%	-1.08%	-1.67%	0.82%	-0.41%	-0.29%	1.30%	2.38%
EBITDA Growth	18.42%	1.39%	3.10%	18.79%	-1.53%	3.11%	-11.04%	-21.25%	-2.19%	-4.57%	8.15%
EBIT Growth	21.48%	0.69%	5.64%	24.87%	-1.95%	4.46%	-13.61%	-24.90%	-1.10%	-5.05%	10.18%
NOPAT Growth	23.33%	2.53%	13.55%	20.31%	-5.26%	6.98%	-18.75%	-21.02%	-0.62%	-12.35%	13.94%
Net Income Growth	21.43%	-2.15%	10.86%	22.25%	-5.86%	7.10%	-16.53%	-19.76%	3.02%	-9.55%	15.63%
EPS Growth	21.82%	-1.79%	12.50%	25.27%	-3.51%	10.89%	-14.75%	-18.02%	6.54%	-8.18%	18.45%
Operating Cash Flow Growth	321.05%	24.83%	2.29%	627.78%	-86.97%	4.99%	-19.77%	-93.18%	138.24%	-14.91%	8.86%
Free Cash Flow Firm Growth	-30.51%	-3,512.40%	-189.05%	30.77%	-1,069.22%	-372.93%	-290.42%	-64.98%	107.67%	103.34%	18.11%
Invested Capital Growth	12.51%	18.41%	23.28%	8.58%	10.89%	5.38%	12.03%	10.52%	4.53%	4.73%	8.59%
Revenue Q/Q Growth	0.65%	0.75%	4.00%	1.89%	0.04%	-2.84%	0.23%	1.54%	-0.56%	-0.37%	-1.00%
EBITDA Q/Q Growth	13.27%	1.16%	2.73%	0.60%	-3.02%	2.86%	18.36%	-16.61%	1.56%	-11.25%	4.78%
EBIT Q/Q Growth	16.83%	0.00%	3.25%	0.71%	-3.17%	4.91%	22.05%	-20.92%	3.17%	-13.23%	6.09%
NOPAT Q/Q Growth	17.41%	-3.72%	4.15%	4.75%	-2.39%	6.63%	10.35%	-17.51%	10.22%	-19.02%	7.27%
Net Income Q/Q Growth	21.43%	-6.19%	2.83%	3.66%	-2.15%	6.29%	13.39%	-20.17%	11.32%	-17.17%	9.01%
EPS Q/Q Growth	21.82%	-5.98%	2.63%	3.64%	-1.79%	7.69%	14.29%	-20.18%	12.87%	-17.21%	9.91%
Operating Cash Flow Q/Q Growth	-56.52%	8.62%	223.28%	175.79%	-87.11%	-10.99%	2,200.00%	-95.06%	3.85%	-31.98%	95.45%
Free Cash Flow Firm Q/Q Growth	41.73%	26.02%	-355.52%	33.54%	-1,512.81%	94.08%	-9.10%	-1,030.44%	354.17%	108.47%	53.90%
Invested Capital Q/Q Growth	3.24%	-4.32%	10.33%	3.24%	8.65%	-0.39%	-2.82%	5.44%	3.25%	5.90%	-4.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.59%	35.12%	34.36%	33.94%	33.91%	35.25%	34.47%	33.87%	34.68%	34.86%	36.59%
EBITDA Margin	19.35%	17.20%	17.13%	17.34%	17.56%	18.12%	17.11%	14.49%	17.64%	17.28%	19.39%
Operating Margin	16.68%	14.78%	14.63%	14.60%	14.60%	15.22%	14.01%	11.81%	14.59%	14.18%	16.43%
EBIT Margin	16.70%	14.38%	14.49%	14.60%	14.77%	15.26%	14.13%	11.60%	14.90%	14.36%	16.49%
Profit (Net Income) Margin	12.96%	10.74%	11.54%	11.67%	11.47%	11.73%	10.72%	9.48%	12.05%	10.77%	12.95%
Tax Burden Percent	76.03%	73.78%	77.81%	77.75%	75.62%	74.50%	73.63%	78.88%	78.59%	72.97%	77.46%
Interest Burden Percent	102.11%	101.23%	102.33%	102.82%	102.70%	103.17%	103.03%	103.53%	102.93%	102.73%	101.37%
Effective Tax Rate	24.43%	26.89%	22.73%	22.66%	24.79%	26.03%	26.79%	21.12%	21.41%	27.03%	22.54%
Return on Invested Capital (ROIC)	19.38%	17.25%	17.30%	17.84%	18.12%	19.75%	18.54%	16.22%	20.52%	19.14%	25.30%
ROIC Less NNEP Spread (ROIC-NNEP)	17.75%	17.46%	16.11%	16.30%	16.44%	18.45%	17.17%	15.61%	18.59%	17.91%	24.76%
Return on Net Nonoperating Assets (RNNOA)	-1.41%	-1.84%	-1.16%	-1.47%	-1.74%	-2.51%	-2.30%	-1.62%	-2.21%	-2.43%	-4.23%
Return on Equity (ROE)	17.97%	15.41%	16.14%	16.37%	16.39%	17.24%	16.23%	14.60%	18.30%	16.71%	21.07%
Cash Return on Invested Capital (CROIC)	5.92%	0.86%	-3.70%	9.06%	6.90%	13.30%	7.34%	9.09%	16.28%	16.81%	15.59%
Operating Return on Assets (OROA)	17.48%	14.77%	14.71%	15.39%	15.60%	16.25%	15.50%	12.78%	16.26%	15.63%	18.47%
Return on Assets (ROA)	13.57%	11.03%	11.71%	12.30%	12.11%	12.49%	11.76%	10.43%	13.15%	11.72%	14.51%
Return on Common Equity (ROCE)	17.97%	15.41%	16.14%	16.37%	16.39%	17.24%	16.23%	14.60%	18.30%	16.71%	21.07%
Return on Equity Simple (ROE_SIMPLE)	15.82%	0.00%	15.58%	15.79%	15.51%	0.00%	16.22%	17.00%	18.22%	0.00%	19.61%
Net Operating Profit after Tax (NOPAT)	645	549	570	548	523	536	502	455	552	501	618
NOPAT Margin	12.60%	10.80%	11.31%	11.29%	10.98%	11.25%	10.26%	9.31%	11.47%	10.34%	12.73%
Net Nonoperating Expense Percent (NNEP)	1.63%	-0.21%	1.19%	1.53%	1.69%	1.29%	1.37%	0.61%	1.93%	1.24%	0.54%
Return On Investment Capital (ROIC_SIMPLE)	4.05%	3.49%	-	-	-	3.72%	-	-	-	3.66%	-
Cost of Revenue to Revenue	66.41%	64.88%	65.64%	66.06%	66.09%	64.75%	65.53%	66.13%	65.32%	65.14%	63.41%
SG&A Expenses to Revenue	15.46%	16.61%	16.51%	16.10%	16.07%	16.52%	16.36%	16.99%	17.35%	17.77%	17.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.91%	20.35%	19.73%	19.34%	19.31%	20.03%	20.46%	22.06%	20.10%	20.69%	20.16%
Earnings before Interest and Taxes (EBIT)	854	731	731	708	703	726	692	567	717	695	801
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	990	874	864	841	836	862	838	708	849	836	942
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.54	2.65	2.65	2.42	2.70	2.82	2.61	2.52	2.39	2.31	2.40
Price to Tangible Book Value (P/TBV)	5.97	6.51	6.78	5.28	6.15	6.22	5.91	5.79	5.65	5.23	5.23
Price to Revenue (P/Rev)	1.88	1.93	1.97	1.75	1.89	1.93	1.73	1.67	1.56	1.46	1.48
Price to Earnings (P/E)	16.05	17.02	16.99	15.34	17.42	17.53	16.11	14.80	13.12	12.41	12.26
Dividend Yield	1.58%	1.56%	1.54%	1.74%	1.61%	1.56%	1.71%	1.75%	1.85%	1.95%	1.89%
Earnings Yield	6.23%	5.87%	5.89%	6.52%	5.74%	5.70%	6.21%	6.76%	7.62%	8.06%	8.16%
Enterprise Value to Invested Capital (EV/IC)	2.66	2.77	2.70	2.56	2.87	3.12	2.83	2.67	2.59	2.50	2.66
Enterprise Value to Revenue (EV/Rev)	1.83	1.88	1.95	1.69	1.83	1.83	1.65	1.61	1.48	1.38	1.39
Enterprise Value to EBITDA (EV/EBITDA)	10.30	10.87	11.11	9.62	10.87	10.86	9.95	9.37	8.14	7.58	7.51
Enterprise Value to EBIT (EV/EBIT)	12.16	12.92	13.18	11.48	13.12	13.09	12.03	11.24	9.67	9.03	8.94
Enterprise Value to NOPAT (EV/NOPAT)	15.91	16.95	17.38	15.41	17.50	17.30	15.99	14.70	12.77	11.94	11.61
Enterprise Value to Operating Cash Flow (EV/OCF)	15.14	17.48	19.48	16.90	20.79	15.18	14.00	12.50	9.59	10.46	10.01
Enterprise Value to Free Cash Flow (EV/FCFF)	47.56	349.69	0.00	29.39	43.68	24.11	40.71	30.87	16.25	15.22	17.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.09	0.12	0.08	0.08	0.09	0.10	0.10	0.11	0.11	0.11
Long-Term Debt to Equity	0.07	0.09	0.11	0.08	0.08	0.09	0.10	0.10	0.10	0.11	0.11
Financial Leverage	-0.08	-0.11	-0.07	-0.09	-0.11	-0.14	-0.13	-0.10	-0.12	-0.14	-0.17
Leverage Ratio	1.35	1.39	1.40	1.36	1.40	1.42	1.43	1.42	1.44	1.47	1.47
Compound Leverage Factor	1.38	1.41	1.43	1.40	1.44	1.47	1.47	1.47	1.49	1.51	1.49
Debt to Total Capital	6.43%	8.44%	10.36%	7.27%	7.75%	8.08%	9.04%	9.22%	9.53%	9.95%	10.12%
Short-Term Debt to Total Capital	0.21%	0.21%	0.20%	0.22%	0.23%	0.23%	0.23%	0.17%	0.11%	0.06%	0.00%
Long-Term Debt to Total Capital	6.22%	8.23%	10.16%	7.05%	7.53%	7.85%	8.81%	9.05%	9.42%	9.89%	10.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.57%	91.56%	89.64%	92.73%	92.25%	91.92%	90.96%	90.78%	90.47%	90.05%	89.88%
Debt to EBITDA	0.29	0.39	0.49	0.32	0.35	0.36	0.40	0.39	0.38	0.38	0.38
Net Debt to EBITDA	-0.30	-0.29	-0.13	-0.36	-0.37	-0.59	-0.47	-0.36	-0.45	-0.44	-0.51
Long-Term Debt to EBITDA	0.28	0.38	0.48	0.31	0.34	0.35	0.39	0.39	0.37	0.38	0.38
Debt to NOPAT	0.44	0.61	0.77	0.52	0.56	0.57	0.64	0.62	0.59	0.60	0.58
Net Debt to NOPAT	-0.46	-0.46	-0.20	-0.57	-0.59	-0.93	-0.76	-0.57	-0.70	-0.70	-0.78
Long-Term Debt to NOPAT	0.43	0.59	0.75	0.50	0.55	0.55	0.62	0.61	0.59	0.60	0.58
Altman Z-Score	6.93	6.49	6.34	6.81	6.92	6.71	6.37	6.30	5.76	5.54	5.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.22	2.09	2.23	2.46	2.35	2.25	2.23	2.27	2.18	2.17	2.27
Quick Ratio	1.83	1.76	1.84	2.10	2.01	1.95	1.94	1.91	1.87	1.88	1.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-894	-1,535	-2,075	-455	-685	-42	-718	-658	71	16	-184
Operating Cash Flow to CapEx	5,714.29%	1,108.43%	1,512.50%	331.65%	120.25%	944.87%	1,134.25%	52.94%	743.88%	780.00%	1,306.33%
Free Cash Flow to Firm to Interest Expense	-74.53	-80.79	-148.19	-45.55	-62.30	-3.86	-65.25	-65.79	7.86	1.95	-30.64
Operating Cash Flow to Interest Expense	33.33	48.42	60.50	26.20	8.64	67.00	75.27	3.60	81.00	87.75	172.00
Operating Cash Flow Less CapEx to Interest Expense	32.75	44.05	56.50	18.30	1.45	59.91	68.64	-3.20	70.11	76.50	158.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.05	1.03	1.02	1.05	1.06	1.07	1.10	1.10	1.09	1.09	1.12
Accounts Receivable Turnover	4.98	4.99	4.85	4.99	5.12	5.06	5.19	5.14	5.26	5.28	5.38
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.85	19.33	18.95	18.38	18.06	18.01	18.05	17.57	17.08	17.10	16.96
Accounts Payable Turnover	42.82	38.28	40.52	41.04	40.66	36.34	36.81	37.35	34.42	34.53	34.33
Days Sales Outstanding (DSO)	73.22	73.13	75.33	73.21	71.29	72.09	70.37	70.95	69.38	69.07	67.81
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	8.52	9.53	9.01	8.89	8.98	10.04	9.92	9.77	10.60	10.57	10.63
Cash Conversion Cycle (CCC)	64.70	63.59	66.32	64.31	62.32	62.05	60.45	61.18	58.78	58.50	57.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,837	13,403	14,008	12,696	12,298	11,319	11,363	11,693	11,090	10,741	10,143
Invested Capital Turnover	1.54	1.60	1.53	1.58	1.65	1.75	1.81	1.74	1.79	1.85	1.99
Increase / (Decrease) in Invested Capital	1,539	2,084	2,645	1,003	1,208	578	1,220	1,113	481	485	802
Enterprise Value (EV)	36,776	37,124	37,811	32,474	35,255	35,363	32,141	31,247	28,691	26,859	26,933
Market Capitalization	37,838	38,129	38,255	33,676	36,447	37,271	33,660	32,457	30,262	28,427	28,748
Book Value per Share	$30.12	$29.06	$29.16	$27.95	$27.14	$26.38	$25.51	$25.43	$24.86	$23.95	$23.09
Tangible Book Value per Share	$12.81	$11.81	$11.38	$12.82	$11.92	$11.95	$11.28	$11.05	$10.52	$10.57	$10.61
Total Capital	15,923	15,736	16,123	14,987	14,624	14,389	14,163	14,213	13,995	13,669	13,305
Total Debt	1,024	1,328	1,671	1,089	1,134	1,162	1,281	1,310	1,334	1,360	1,347
Total Long-Term Debt	991	1,295	1,638	1,056	1,101	1,129	1,248	1,286	1,318	1,352	1,347
Net Debt	-1,062	-1,005	-444	-1,202	-1,192	-1,908	-1,519	-1,210	-1,571	-1,568	-1,815
Capital Expenditures (CapEx)	7.00	83	56	79	79	78	73	68	98	90	79
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,180	1,709	2,168	2,127	1,864	1,571	1,601	1,824	1,442	1,426	1,363
Debt-free Net Working Capital (DFNWC)	4,172	3,952	4,193	4,332	4,107	4,206	3,969	3,919	3,923	3,927	4,094
Net Working Capital (NWC)	4,139	3,919	4,160	4,299	4,074	4,173	3,936	3,895	3,907	3,919	4,094
Net Nonoperating Expense (NNE)	-18	3.04	-12	-18	-23	-22	-23	-7.89	-28	-20	-11
Net Nonoperating Obligations (NNO)	-1,062	-1,005	-444	-1,202	-1,192	-1,908	-1,519	-1,210	-1,571	-1,568	-1,815
Total Depreciation and Amortization (D&A)	136	143	133	133	133	136	146	141	132	141	141
Debt-free, Cash-free Net Working Capital to Revenue	10.85%	8.66%	11.17%	11.04%	9.66%	8.12%	8.24%	9.41%	7.43%	7.34%	7.04%
Debt-free Net Working Capital to Revenue	20.77%	20.02%	21.60%	22.49%	21.28%	21.73%	20.42%	20.21%	20.21%	20.21%	21.14%
Net Working Capital to Revenue	20.60%	19.86%	21.43%	22.32%	21.11%	21.56%	20.25%	20.08%	20.12%	20.17%	21.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.34	$1.11	$1.17	$1.14	$1.10	$1.11	$1.04	$0.92	$1.14	$1.02	$1.22
Adjusted Weighted Average Basic Shares Outstanding	494M	496M	496M	497M	497M	505M	504M	506M	509M	518M	516M
Adjusted Diluted Earnings per Share	$1.34	$1.10	$1.17	$1.14	$1.10	$1.12	$1.04	$0.91	$1.14	$1.01	$1.22
Adjusted Weighted Average Diluted Shares Outstanding	495M	497M	496M	498M	498M	505M	505M	507M	509M	519M	517M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	492.94M	494.62M	495.82M	495.66M	497.20M	497.84M	501.41M	505.04M	507.48M	509.29M	513.92M
Normalized Net Operating Profit after Tax (NOPAT)	598	585	596	570	540	565	555	547	552	501	618
Normalized NOPAT Margin	11.69%	11.51%	11.81%	11.75%	11.34%	11.88%	11.33%	11.20%	11.47%	10.34%	12.73%
Pre Tax Income Margin	17.05%	14.56%	14.83%	15.01%	15.17%	15.74%	14.56%	12.01%	15.34%	14.76%	16.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	71.17	38.47	52.21	70.80	63.91	66.00	62.91	56.70	79.67	86.88	133.50
NOPAT to Interest Expense	53.72	28.90	40.73	54.75	47.52	48.68	45.66	45.51	61.30	62.57	103.03
EBIT Less CapEx to Interest Expense	70.58	34.11	48.21	62.90	56.73	58.91	56.27	49.90	68.78	75.63	120.33
NOPAT Less CapEx to Interest Expense	53.14	24.53	36.73	46.85	40.34	41.59	39.02	38.71	50.41	51.32	89.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.63%	26.79%	26.47%	27.06%	28.30%	27.80%	27.96%	26.36%	24.75%	24.63%	23.54%
Augmented Payout Ratio	54.52%	53.79%	60.39%	65.19%	74.90%	77.85%	78.99%	74.97%	75.47%	86.72%	74.24%

Frequently Asked Questions About Cognizant Technology Solutions' Financials

When does Cognizant Technology Solutions's financial year end?

According to the most recent income statement we have on file, Cognizant Technology Solutions' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cognizant Technology Solutions' net income changed over the last 9 years?

Cognizant Technology Solutions' net income appears to be on an upward trend, with a most recent value of $2.24 billion in 2024, rising from $1.62 billion in 2015. The previous period was $2.13 billion in 2023. Check out Cognizant Technology Solutions' forecast to explore projected trends and price targets.

What is Cognizant Technology Solutions's operating income?

Cognizant Technology Solutions's total operating income in 2024 was $2.89 billion, based on the following breakdown:

Total Gross Profit: $6.78 billion
Total Operating Expenses: $3.89 billion

How has Cognizant Technology Solutions revenue changed over the last 9 years?

Over the last 9 years, Cognizant Technology Solutions' total revenue changed from $12.42 billion in 2015 to $19.74 billion in 2024, a change of 59.0%.

How much debt does Cognizant Technology Solutions have?

Cognizant Technology Solutions' total liabilities were at $5.56 billion at the end of 2024, a 5.7% increase from 2023, and a 46.9% increase since 2015.

How much cash does Cognizant Technology Solutions have?

In the past 9 years, Cognizant Technology Solutions' cash and equivalents has ranged from $1.16 billion in 2018 to $2.68 billion in 2020, and is currently $2.23 billion as of their latest financial filing in 2024.

How has Cognizant Technology Solutions' book value per share changed over the last 9 years?

Over the last 9 years, Cognizant Technology Solutions' book value per share changed from 15.26 in 2015 to 29.06 in 2024, a change of 90.4%.

Related Companies

This page (NASDAQ:CTSH) was last updated on 5/28/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Cognizant Technology Solutions (CTSH) Financials

Frequently Asked Questions About Cognizant Technology Solutions' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Cognizant Technology Solutions (CTSH) Financials

Annual Income Statements for Cognizant Technology Solutions

Quarterly Income Statements for Cognizant Technology Solutions

Annual Cash Flow Statements for Cognizant Technology Solutions

Quarterly Cash Flow Statements for Cognizant Technology Solutions

Annual Balance Sheets for Cognizant Technology Solutions

Quarterly Balance Sheets for Cognizant Technology Solutions

Annual Metrics And Ratios for Cognizant Technology Solutions

Quarterly Metrics And Ratios for Cognizant Technology Solutions

Frequently Asked Questions About Cognizant Technology Solutions' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools