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COGNIZANT TECHNOLOGY SOLUTIONS CORP CTSH

Nasdaq · stock · Services-Computer Programming Services · website · IPO 1998-06-24 · LEI

COGNIZANT TECHNOLOGY SOLUTIONS CORP statistics & valuation

Market cap$19.0B
P / E8.5×
P / S0.9×
P / B1.3×
P / FCF7.3×
Dividend yield3.22%
Net margin10.6%
Return on equity14.9%
FCF margin12.3%
Net cash$1.4B
Net debt / EBITDA-0.3×
Enterprise value USD$17.6B
EV / EBITDA4.5×
Earnings yield EBIT/EV19.2%
Return on capital19.9%
Graham number -3.6%$56.13

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($56.13); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.50% 10.20% 13.00% 11.00% 8.40% 11.50% 11.80% 11.00% 11.30% 10.60% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
17.00% 16.80% 17.40% 14.60% 12.70% 15.30% 15.30% 13.90% 14.70% 16.10% 2016201720182019202020212022202320242025
Return on equity (%)
14.50% 14.10% 18.40% 16.70% 12.80% 17.80% 18.60% 16.10% 15.50% 14.90% 2016201720182019202020212022202320242025
Shares outstanding
610.0M 595.0M 584.0M 560.0M 541.0M 528.0M 519.0M 505.0M 497.0M 489.0M 2016201720182019202020212022202320242025
Net debt ($)
-$1.15B -$1.12B -$411.0M -$1.95B -$2.02B -$1.17B -$1.55B -$2.02B -$1.36B -$1.36B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
10.90% 9.90% 13.30% 11.40% 8.20% 12.00% 12.80% 11.50% 11.20% 10.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
10.00% 14.30% 13.70% 12.60% 17.40% 12.00% 11.50% 10.40% 9.30% 12.30% 2016201720182019202020212022202320242025
Debt / equity (×)
0.08× 0.07× 0.07× 0.06× 0.06× 0.05× 0.05× 0.05× 0.06× 0.04× 2016201720182019202020212022202320242025
EPS ($)
$2.55 $2.53 $3.60 $3.29 $2.57 $4.05 $4.41 $4.21 $4.51 $4.56 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

COGNIZANT TECHNOLOGY SOLUTIONS CORP trades at about 12.8× earnings — below its 10-year norm (10-year range 15.1×–30.8×, median 19.4×).

12.8× 30.8×

Shaded band = 10-year range (15.1×–30.8×); dot = today's 12.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin16.1%14.7%13.9%15.3%15.3%12.7%14.6%17.4%16.8%17.0%
Net margin10.6%11.3%11.0%11.8%11.5%8.4%11.0%13.0%10.2%11.5%
FCF margin12.3%9.3%10.4%11.5%12.0%17.4%12.6%13.7%14.3%10.0%
Return on assets10.8%11.2%11.5%12.8%12.0%8.2%11.4%13.3%9.9%10.9%
Return on equity14.9%15.5%16.1%18.6%17.8%12.8%16.7%18.4%14.1%14.5%
Debt / equity0.04×0.06×0.05×0.05×0.05×0.06×0.06×0.07×0.07×0.08×
Current ratio2.142.092.252.172.081.942.553.183.213.56

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.