Cognizant
CTSH stock analysis · Information Technology · IT Consulting & Other Services
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-04-24. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-04-24 · 114.8% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
65 sector peers · median 44.6×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 8.2× · -53.6% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Requires two adjacent years of positive average capital, equity, cash, debt and operating income.
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Parent-earnings fallback versus consolidated cash flow · scope limitation
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $104.33 | $113.83 | $124.05 |
| 10.0% | $76.45 | $83.18 | $90.40 |
| 12.0% | $60.31 | $65.44 | $70.95 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 21.1B | 2.2B | 2.9B | 288M | 20.7B |
| 2024-12-31 | 19.7B | 2.2B | 2.1B | 297M | 20B |
| 2023-12-31 | 19.4B | 2.1B | 2.3B | 317M | 18.5B |
| 2022-12-31 | 19.4B | 2.3B | 2.6B | 332M | 17.9B |
| 2021-12-31 | 18.5B | 2.1B | 2.5B | 279M | 17.9B |
| 2020-12-31 | 16.7B | 1.4B | 3.3B | 398M | 16.9B |
| 2019-12-31 | 16.8B | 1.8B | 2.5B | 392M | 16.2B |
| 2018-12-31 | 16.1B | 2.1B | 2.6B | 377M | 15.8B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 21.1B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-02-12 |
| netIncome | 2.2B | NetIncomeLoss Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-02-12 |
| Parent/common earnings proxy | 2.2B | NetIncomeLoss | 2026-02-12 |
| cfo | 2.9B | NetCashProvidedByUsedInOperatingActivities | 2026-02-12 |
| capex | 288M | PaymentsToAcquirePropertyPlantAndEquipment | 2026-02-12 |
| operatingIncome | 3.4B | OperatingIncomeLoss | 2026-02-12 |
| assets | 20.7B | Assets | 2026-02-12 |
| equity | 15B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-02-12 |
| Parent book equity proxy | 15B | StockholdersEquity | 2026-02-12 |
| debt | — | Not reported under a supported tag | — |
| shortDebt | 33M | ShortTermBorrowings | 2026-02-12 |
| cash | 1.9B | CashAndCashEquivalentsAtCarryingValue | 2026-02-12 |
| shares | 489M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-12 |
| dividends | 610M | PaymentsOfDividendsCommonStock | 2026-02-12 |
| buybacks | 1.4B | PaymentsForRepurchaseOfCommonStock | 2026-02-12 |
| issuance | 58M | Reviewed manual correction Bounded FY2025-12-31 consolidated financing-statement extraction. Issuance of common stock under stock-based compensation plans: 58000000 USD [us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions]. All 6 financing lines reconcile exactly to reported financing cash flow -2272000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: issuance follows the separately reported common cash-inflow lines; it is not an independent verification of every gross equity transaction. | 2026-02-12 |