Free Trial

Cognizant Technology Solutions (CTSH) Financials

Cognizant Technology Solutions logo
$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
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Cognizant Technology Solutions

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

Quarterly Income Statements for Cognizant Technology Solutions

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

Annual Cash Flow Statements for Cognizant Technology Solutions

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

Quarterly Cash Flow Statements for Cognizant Technology Solutions

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

Annual Balance Sheets for Cognizant Technology Solutions

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

Quarterly Balance Sheets for Cognizant Technology Solutions

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

Annual Metrics And Ratios for Cognizant Technology Solutions

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%

Quarterly Metrics And Ratios for Cognizant Technology Solutions

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%.



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