Cognizant Technology Solutions Corporation logo CTSH - Cognizant Technology Solutions Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 21
HOLD 25
SELL 5
STRONG
SELL 0
| PRICE TARGET: $81.75 DETAILS
HIGH: $107.00
LOW: $56.00
MEDIAN: $79.00
CONSENSUS: $81.75
UPSIDE: 54.98%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 21,108 19,736 19,353 19,428 18,507 16,652 16,783 16,125 14,810 13,487 12,416 10,263 8,843.2 7,346.5 6,121.2 4,592.4 3,278.7 2,816.3 2,135.6 1,424.3 885.8 586.7 368.2 229.1 177.8 137.0 88.9 58.6
Cost of Revenue 13,991 12,958 12,664 12,448 11,604 10,671 10,634 9,838 9,152 8,108 7,440 6,141 5,265.5 4,278.2 3,538.6 2,654.6 1,849.4 1,572.8 1,206.0 787.9 479.9 319.8 199.7 122.7 90.8 70.4 46.2 31.9
Gross Profit 7,117 6,778 6,689 6,980 6,903 5,981 6,149 6,287 5,658 5,379 4,976 4,122 3,577.7 3,068.2 2,582.5 1,937.8 1,429.2 1,243.5 929.5 636.3 405.9 266.9 168.5 106.4 86.9 66.6 42.7 26.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 3,240 3,223 3,252 3,443 3,503 3,100 2,972 3,007 2,697 2,731 2,509 2,037 1,727.6 1,557.6 1,328.7 972.1 721.4 652.0 494.1 343.2 206.9 132.8 84.3 53.3 44.9 36.0 23.1 15.5
Other Expenses 348 663 748 569 574 767 724 479 480 359 325 200 172.2 149.1 117.4 103.9 89.4 74.8 53.9 34.2 21.4 16.4 11.9 7.8 6.4 4.5 3 2.2
Operating Expenses 3,588 3,886 4,000 4,012 4,077 3,867 3,696 3,486 3,177 3,090 2,834 2,237 1,899.8 1,706.7 1,446.1 1,076.0 810.7 726.8 548.0 377.4 228.3 149.2 96.2 61.2 51.3 40.5 26.1 17.7
Operating Income
Operating Income 3,529 2,892 2,689 2,968 2,826 2,114 2,453 2,801 2,481 2,289 2,142 1,884.9 1,677.9 1,361.5 1,136.5 861.9 618.5 516.7 381.5 258.9 177.6 117.6 72.3 45.2 35.6 26.1 16.6 9
Interest Expense 37 54 41 19 9 24 26 27 23 19 18 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 105 119 126 59 30 119 176 177 133 115 84 62 48.9 44.5 39.2 25.8 15.9 22.2 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 4,173 3,534 3,383 3,604 3,410 2,679 3,095 3,322 3,121 2,755 2,512 2,135 1,857.8 1,544.2 1,260.6 972.0 707.9 591.5 435.4 293.1 199.0 134.1 86.3 54.7 42.0 30.6 19.6 11.2
EBIT 3,623 2,992 2,828 3,035 2,836 2,120 2,569 2,824 2,678 2,376 2,182 1,927 1,677.9 1,387.6 1,136.5 861.9 618.5 516.7 381.5 258.9 177.6 117.6 74.3 46.9 35.6 26.1 16.6 9
Income Before Tax 3,713 2,953 2,794 3,020 2,830 2,096 2,485 2,799 2,657 2,358 2,164 1,923.8 1,687.9 1,387.6 1,169.1 878.6 637.0 515.2 414.4 277.8 185.3 122.1 72.2 45.1 35.4 28.2 17.9 9.6
Income Tax Expense 1,483 713 668 730 693 704 643 698 1,153 805 540 484.8 459.3 336.3 285.5 145.0 102.0 84.4 64.2 45.0 19.0 21.9 14.9 10.5 13.2 10.6 6.7 3.6
Net Income 2,230 2,240 2,126 2,290 2,137 1,392 1,842 2,101 1,504 1,553 1,623.6 1,439.3 1,228.6 1,051.3 883.6 733.5 535.0 430.8 350.1 232.8 166.3 100.2 57.4 34.6 22.2 17.7 11.2 6
Per Share Data
EPS (Basic) 4.56 4.52 4.21 4.42 4.06 2.58 3.30 3.61 2.54 2.56 2.67 2.37 2.03 1.74 1.46 1.22 0.91 0.74 0.61 0.41 0.30 0.19 0.11 0.07 0.05 0.04 0.03 0.01
EPS (Diluted) 4.55 4.51 4.21 4.41 4.05 2.57 3.29 3.60 2.53 2.55 2.65 2.35 2.02 1.72 1.42 1.19 0.89 0.72 0.58 0.39 0.28 0.18 0.11 0.07 0.05 0.04 0.02 0.01
Shares Outstanding 481 496 505 518 527 540 559 582 593 607 609.1 608.1 604.0 602.6 606.6 601.6 586.6 580.2 576.3 563.4 546.0 524.0 500.0 473.9 456.4 445.6 440.2 439.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 1,901 2,231 2,621 2,191 1,792 2,680 2,645 1,161 1,925 2,034 1,100.9 735.1 293.4 194.2 126.2 85.0 62.0 42.6 28.4
Short-Term Investments 13 12 14 310 927 44 779 3,350 3,131 3,135 298.4 27.5 21.3 0 0 0 0 0 0
Net Receivables 4,439 4,059 3,849 3,796 3,557 3,087 3,256 3,190 3,222 2,905 709.2 517.5 110.5 61.8 41.0 28.0 22.5 11.1 12.2
Inventory 0 0 0 0 0 0 0 0 0 0 73.8 48.3 16.8 0 0 0 0 0 0
Other Current Assets 2,198 1,202 1,022 969 1,066 1,040 931 909 833 526 199.0 188.1 28.7 22.5 8.6 4.4 3.8 3 1.8
Total Current Assets 8,551 7,504 7,506 7,266 7,342 6,851 7,611 8,677 9,111 8,600 2,307.6 1,468.1 454.0 278.5 175.8 117.3 88.2 56.7 42.4
Non-Current Assets
Property, Plant & Equipment 1,506 1,546 1,659 1,977 2,104 2,264 2,235 1,394 1,324 1,311 481.5 455.3 90.7 58.4 39.1 24.3 15.9 9.5 6.3
Goodwill 7,106 6,953 6,085 5,710 5,620 5,031 3,979 3,481 2,704 2,554 192.4 154.0 9.7 0 0.9 0 0 0 0
Intangible Assets 1,417 1,599 1,149 1,168 1,218 1,046 1,041 1,150 981 951 75.8 47.8 12.1 20.9 12.9 0.9 1.2 1.5 1.8
Long-Term Investments 111 90 80 427 463 440 17 80 235 62 151.1 162 (16.8) 0 0 0 0 0 0
Other Non-Current Assets 1,034 1,026 1,011 662 701 846 736 689 448 359 49.3 249.4 6.2 2.7 2.8 2.4 4.2 1.3 1.2
Total Non-Current Assets 12,141 12,462 10,977 10,586 10,510 10,072 8,593 7,236 6,110 5,662 1,030.7 906.4 118.7 82.1 55.6 27.6 21.3 12.3 9.3
Total Assets 20,692 19,966 18,483 17,852 17,852 16,923 16,204 15,913 15,221 14,262 3,338.2 2,374.6 572.7 360.6 231.5 145.0 109.5 69 51.7
Current Liabilities
Account Payables 308 340 337 360 361 389 239 215 210 175 54.6 40.0 11.2 9.4 6.9 3.7 2.9 1.4 1.7
Short-Term Debt 186 33 33 8 38 38 38 9 175 81 0 0 0 0 0 0 0 0 0
Deferred Revenue 501 450 385 398 403 383 313 286 383 306 51.6 38.1 15.0 0 0 0 0 0 0
Other Current Liabilities 2,664 2,502 2,011 744 857 878 800 822 751 712 184.2 0 43.1 0 0 0 23.9 11.8 11.3
Total Current Liabilities 3,659 3,585 3,333 3,347 3,529 3,540 2,983 2,777 2,839 2,418 646.6 387.6 115.1 62.6 41.5 21.7 26.7 13.2 13
Non-Current Liabilities
Long-Term Debt 966 875 606 638 626 663 700 736 698 797 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 168 154 226 180 218 206 35 183 146 6 0 7.3 4.2 23.9 24.5 24.5 16.7 10.4 0
Other Non-Current Liabilities 424 479 526 645 665 796 696 731 765 162 38.5 6.8 0 0 0 0 0 (0.1) 0
Total Non-Current Liabilities 2,018 1,973 1,923 2,196 2,332 2,547 2,199 1,712 1,713 1,116 38.5 21.4 4.2 23.9 24.5 24.5 16.7 10.3 6.1
Total Liabilities 5,677 5,558 5,256 5,543 5,861 6,087 5,182 4,489 4,552 3,534 685.1 409.0 119.2 86.5 66.0 46.2 43.4 23.5 19.1
Stockholders' Equity
Common Stock 5 5 5 5 5 5 5 6 6 6 3.0 2.9 1.3 0.6 0.2 0.2 0.2 0.1 0
Retained Earnings 15,158 14,686 13,301 12,588 11,922 10,689 11,022 11,485 10,544 10,478 1,965.4 1,430.4 251.2 151.0 93.6 59.0 36.9 19.2 8
Accumulated Other Comprehensive Income (160) (296) (94) (299) 37 110 (38) (114) 70 (114) 20 (9.5) 9.6 4 (0.2) (0.2) (0.1) (6.8) (4.1)
Total Stockholders' Equity 15,015 14,408 13,227 12,309 11,991 10,836 11,022 11,424 10,669 10,728 2,653.2 1,965.6 453.5 274.1 165.5 98.8 66.1 45.5 32.6
Total Liabilities & Equity 20,692 19,966 18,483 17,852 17,852 16,923 16,204 15,913 15,221 14,262 3,338.2 2,374.6 572.7 360.6 231.5 145.0 109.5 69 51.7
Debt Metrics
Total Debt 1,575 1,503 1,315 1,534 1,642 1,758 1,685 745 873 878 0 0 0 0 0 0 0 0 0
Net Debt (326) (728) (1,306) (657) (150) (922) (960) (416) (1,052) (1,156) (1,100.9) (735.1) (293.4) (194.2) (126.2) (85.0) (62.0) (42.6) (28.4)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998
Operating Activities
Net Income 2,230 2,240 2,126 2,290 2,137 1,392 1,842 2,101 1,504 1,553 166.3 100.2 57.4 34.6 22.2 17.7 11.2 6
Depreciation & Amortization 550 529 519 569 574 559 526 498 443 379 21.4 16.4 11.9 7.8 6.4 4.5 3 2.2
Stock-Based Compensation 181 0 0 261 246 232 217 267 221 0 0 0 0 0 0 0 0 0
Change in Working Capital (338) (510) (189) (324) (488) 813 101 (407) 186 (471) (31.9) (4.4) (13.2) 1.6 (12.7) (0.1) 0.2 1.5
Other Non-Cash Items (67) 220 213 45 (1) 119 119 125 (71) 251 51.3 37.3 24.4 12.6 8.4 1.8 (0.1) 0.2
Operating Cash Flow 2,883 2,124 2,330 2,568 2,495 3,299 2,499 2,592 2,407 1,621 159.8 127.3 79.9 56.7 32.1 30.2 18.6 13.4
Investing Activities
Capital Expenditure (288) (297) (317) (332) (279) (398) (392) (377) (284) (300) (71.8) (46.6) (30.0) (22.3) (15.0) (10.7) (5.9) (3.7)
Acquisitions 70 (1,615) (409) (339) (970) (1,123) (617) (1,111) (216) 0 (19.8) (1.5) (7.8) 0 0 0 0 0
Purchases of Investments (12) (2) (441) (1,817) (2,293) (733) (1,509) (3,506) (4,726) (5,169) (625.8) (175.3) 0 0 0 0 0 0
Sales/Maturities of Investments (12) 268 836 2,382 1,378 1,016 4,106 3,367 4,644 4,840 512.8 110.7 0 0 0 0 0 0
Other Investing Activities 12 0 0 0 0 0 0 0 0 (334) 0 0 0 (13.2) 0 (2.0) 0 0
Investing Cash Flow (230) (1,646) (331) (106) (2,164) (1,238) 1,588 (1,627) (582) (963) (204.5) (112.7) (37.8) (35.5) (15.0) (12.6) (5.9) (3.7)
Financing Activities
Net Debt Issuance (342) 227 (25) (39) (53) (50) (28) (145) (20) (407) 0 0 0 0 (0.0) 0 0 (6.6)
Stock Repurchased (1,378) (605) (1,064) (1,422) (771) (1,621) (2,247) (1,261) (1,889) (512) 0 0 0 0 0 0 0 (0.8)
Dividends Paid (610) (600) (591) (564) (509) (480) (453) (468) (265) 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 0 0 0 0 24 0 0 (3.0) 0 0 0.0 0 0.2
Financing Cash Flow (2,272) (915) (1,609) (1,939) (1,203) (2,009) (2,569) (1,693) (1,985) (719) 47.5 36.8 21.8 20.0 6.0 1.8 1.6 16.1
Cash Position
Net Change in Cash 403 (547) (404) 399 (888) 35 1,484 (764) (109) (91) 196.9 0 68.0 41.2 23.0 19.3 14.2 25.8
Cash at Beginning 2,231 1,787 2,191 1,792 2,680 2,645 1,161 1,925 2,034 2,125 0 0 126.2 85.0 62.0 42.6 28.4 2.7
Cash at End 2,634 1,240 1,787 2,191 1,792 2,680 2,645 1,161 1,925 2,034 196.9 199.3 194.2 126.2 85.0 62.0 42.6 28.5
Free Cash Flow 2,595 1,827 2,013 2,236 2,216 2,901 2,107 2,215 2,123 1,321 88.0 80.8 49.9 34.4 17.1 19.6 12.7 9.7
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 21,108 19,736 19,353 19,428 18,507 16,652 16,783 16,125 14,810 13,487 12,416 10,263 8,843.2 7,346.5 6,121.2 4,592.4 3,278.7 2,816.3 2,135.6 1,424.3 885.8 586.7 368.2 229.1 177.8 137.0 88.9 58.6
Gross Profit 7,117 6,778 6,689 6,980 6,903 5,981 6,149 6,287 5,658 5,379 4,976 4,122 3,577.7 3,068.2 2,582.5 1,937.8 1,429.2 1,243.5 929.5 636.3 405.9 266.9 168.5 106.4 86.9 66.6 42.7 26.7
Operating Income 3,529 2,892 2,689 2,968 2,826 2,114 2,453 2,801 2,481 2,289 2,142 1,884.9 1,677.9 1,361.5 1,136.5 861.9 618.5 516.7 381.5 258.9 177.6 117.6 72.3 45.2 35.6 26.1 16.6 9
Net Income 2,230 2,240 2,126 2,290 2,137 1,392 1,842 2,101 1,504 1,553 1,623.6 1,439.3 1,228.6 1,051.3 883.6 733.5 535.0 430.8 350.1 232.8 166.3 100.2 57.4 34.6 22.2 17.7 11.2 6
EPS (Diluted) 4.55 4.51 4.21 4.41 4.05 2.57 3.29 3.60 2.53 2.55 2.65 2.35 2.02 1.72 1.42 1.19 0.89 0.72 0.58 0.39 0.28 0.18 0.11 0.07 0.05 0.04 0.02 0.01
Balance Sheet
Cash & Equivalents 1,901 2,231 2,621 2,191 1,792 2,680 2,645 1,161 1,925 2,034 1,100.9 735.1 293.4 194.2 126.2 85.0 62.0 42.6 28.4
Total Assets 20,692 19,966 18,483 17,852 17,852 16,923 16,204 15,913 15,221 14,262 3,338.2 2,374.6 572.7 360.6 231.5 145.0 109.5 69 51.7
Total Debt 1,575 1,503 1,315 1,534 1,642 1,758 1,685 745 873 878 0 0 0 0 0 0 0 0 0
Stockholders' Equity 15,015 14,408 13,227 12,309 11,991 10,836 11,022 11,424 10,669 10,728 2,653.2 1,965.6 453.5 274.1 165.5 98.8 66.1 45.5 32.6
Cash Flow
Operating Cash Flow 2,883 2,124 2,330 2,568 2,495 3,299 2,499 2,592 2,407 1,621 159.8 127.3 79.9 56.7 32.1 30.2 18.6 13.4
Capital Expenditure (288) (297) (317) (332) (279) (398) (392) (377) (284) (300) (71.8) (46.6) (30.0) (22.3) (15.0) (10.7) (5.9) (3.7)
Free Cash Flow 2,595 1,827 2,013 2,236 2,216 2,901 2,107 2,215 2,123 1,321 88.0 80.8 49.9 34.4 17.1 19.6 12.7 9.7