CTSH Technology

Cognizant Technology Solutions Corporation

$63.83-1.94%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Technology
Industry: Information Technology Services
Country: United States
Market cap: 28.8B USD
Enterprise value: 30.3B USD
Full-time employees: 356,700

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: growing more slowly than most peersgrowing more slowly than peers
About average: risk (debt, liquidity and share-price swings)risk

Ranks #201 of 1,612 technology companies (top 13%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 12% from December 2022 to July 2026.
Cognizant Technology Solutions had 12% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 117% of reported profit.
Cognizant Technology Solutions's free cash flow is 117% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

70/ 100

Oct 5 71 → Nov 4 70 (-1)

Valuation

Is the price right?

92/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Share count down 4.9%

Valuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield
▲ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield7.7%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 2.43Sector median: 0.0225 · MAD: 0.0225

EBITDA yield13.6%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 2.61Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield9.0%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 2.29Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield50.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

39/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-1.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.40Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth3.7%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.14Sector median: 0.0483 · MAD: 0.0793

Revenue growth5.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.28Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

81/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ Operating margin
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin15.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.35Sector median: 0.0631 · MAD: 0.0710

Return on assets10.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.13Sector median: 0.0293 · MAD: 0.0362

Return on invested capital18.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.32Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin33.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity15.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ Debt / equity
▲ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.85

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.05Sector median: 0.8710 · MAD: 0.3700

Current ratio2.18×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.51Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.11×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.62Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Cognizant Technology Solutions

Is Cognizant Technology Solutions getting weaker?: Its latest SEC filing (Jul 29, 2026) got stronger: share count down 4.9%. Its overall score is unchanged at 70/100 since Oct 28, 2026.
How is Cognizant Technology Solutions valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 92/100 against 1,711 technology peers. Earnings yield 7.7% vs a peer median of 2.2% (stronger than 91% of peers).Earnings yield 7.7% vs peers 2.2% (stronger than 91% of peers).
Is Cognizant Technology Solutions growing?: More slowly than most of its peers. Growth scores 39/100 against 1,711 technology peers. Earnings per share growth -1.2% vs a peer median of 11.1% (weaker than 65% of peers).Earnings per share growth -1.2% vs peers 11.1% (weaker than 65% of peers).
How profitable is Cognizant Technology Solutions?: More profitable than most of its peers. Profitability scores 81/100 against 1,711 technology peers. Return on assets 10.7% vs a peer median of 2.9% (stronger than 87% of peers).Return on assets 10.7% vs peers 2.9% (stronger than 87% of peers).
How risky is Cognizant Technology Solutions?: Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.11× vs a peer median of 0.25× (stronger than 66% of peers).Debt / equity 0.11× vs peers 0.25× (stronger than 66% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 29, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Share count down 4.9%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	21.4B USD	21.6B USD	+1.1%
Net income (12 months)	2.2B USD	2.2B USD	−0.4%
Operating margin	15.8%	15.9%	+0.1 pts
Free cash flow (12 months)	2.5B USD	2.6B USD	+5.2%
Debt	568.0M USD	1.6B USD	+174.6%
Cash	1.5B USD	1.0B USD	−31.0%
Shares outstanding	473.9M	450.4M	−4.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Information Technology Services · 33 companies

Valuations in Information Technology Services are near the bottom of their range since 2016.

5% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −21% and earnings +27% (medians): earnings grew faster than prices.
Median price-to-sales is −47% vs the whole market, against a usual −18%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	15.3%	15.3%	13.9%	14.7%	16.1%	▲ 1.4 pts
Net margin	11.5%	11.8%	11.0%	11.3%	10.6%	▼ 0.8 pts
Return on assets (ROA)	12.0%	12.8%	11.5%	11.2%	10.8%	▼ 0.4 pts
Return on equity (ROE)	17.8%	18.6%	16.1%	15.5%	14.9%	▼ 0.7 pts
Free cash flow margin	12.0%	11.5%	10.4%	9.3%	12.3%	▲ 3.0 pts
Current ratio	2.08×	2.17×	2.25×	2.09×	2.14×	▲ 2.1%
Debt to equity	0.06×	0.05×	0.05×	0.06×	0.04×	▼ 39%
Interest coverage	314.00×	156.21×	65.59×	53.56×	91.59×	▲ 71%

CTSH price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

LEENO Industrial Inc.058470.KQ97/ 100

Transcend Information, Inc.2451.TW94/ 100

Joint Stock Company Kaspi.kzKSPI93/ 100

Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: growing more slowly than most peersgrowing more slowly than peers

About average: risk (debt, liquidity and share-price swings)risk

Ranks #201 of 1,612 technology companies (top 13%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 12% from December 2022 to July 2026.

Cognizant Technology Solutions had 12% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Profit is backed by cash. Free cash flow is 117% of reported profit.

Cognizant Technology Solutions's free cash flow is 117% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Cognizant Technology Solutions

Is Cognizant Technology Solutions getting weaker?

Its latest SEC filing (Jul 29, 2026) got stronger: share count down 4.9%. Its overall score is unchanged at 70/100 since Oct 28, 2026.

How is Cognizant Technology Solutions valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 92/100 against 1,711 technology peers. Earnings yield 7.7% vs a peer median of 2.2% (stronger than 91% of peers).Earnings yield 7.7% vs peers 2.2% (stronger than 91% of peers).

Is Cognizant Technology Solutions growing?

More slowly than most of its peers. Growth scores 39/100 against 1,711 technology peers. Earnings per share growth -1.2% vs a peer median of 11.1% (weaker than 65% of peers).Earnings per share growth -1.2% vs peers 11.1% (weaker than 65% of peers).

How profitable is Cognizant Technology Solutions?

More profitable than most of its peers. Profitability scores 81/100 against 1,711 technology peers. Return on assets 10.7% vs a peer median of 2.9% (stronger than 87% of peers).Return on assets 10.7% vs peers 2.9% (stronger than 87% of peers).

How risky is Cognizant Technology Solutions?

Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.11× vs a peer median of 0.25× (stronger than 66% of peers).Debt / equity 0.11× vs peers 0.25× (stronger than 66% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

21.4B USD

21.6B USD

+1.1%

Net income (12 months)

2.2B USD

2.2B USD

−0.4%

Operating margin

15.8%

15.9%

+0.1 pts

Free cash flow (12 months)

2.5B USD

2.6B USD

+5.2%

Debt

568.0M USD

1.6B USD

+174.6%

Cash

1.5B USD

1.0B USD

−31.0%

Shares outstanding

473.9M

450.4M

−4.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

15.3%

13.9%

14.7%

16.1%

▲ 1.4 pts

Net margin

11.5%

11.8%

11.0%

11.3%

10.6%

▼ 0.8 pts

Return on assets (ROA)

12.0%

12.8%

11.5%

11.2%

10.8%

▼ 0.4 pts

Return on equity (ROE)

17.8%

18.6%

16.1%

15.5%

14.9%

▼ 0.7 pts

Free cash flow margin

12.0%

11.5%

10.4%

9.3%

12.3%

▲ 3.0 pts

Current ratio

2.08×

2.17×

2.25×

2.09×

2.14×

▲ 2.1%

Debt to equity

0.06×

0.05×

0.06×

0.04×

▼ 39%

Interest coverage

314.00×

156.21×

65.59×

53.56×

91.59×

▲ 71%