Tearsheet

Cognizant Technology Solutions (CTSH)

Market Price (12/4/2025): $79.3 | Market Cap: $38.5 Bil
Sector: Information Technology | Industry: IT Consulting & Other Services

Cognizant Technology Solutions (CTSH)

Market Price (12/4/2025): $79.3
Market Cap: $38.5 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

Megatrend and thematic drivers
Megatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more.

0	Megatrend and thematic drivers Megatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more.

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$79.30	$75.68	$73.15	$54.43	$83.16
Market Cap CYE ($ Bil)	38.5	37.3	36.7	27.9	43.8
Total Debt ($ Bil)	1.2	1.5	1.3	1.5	1.6
Total Cash ($ Bil)	2.4	2.2	2.6	2.5	2.7
Enterprise Value ($ Bil)	37.4	38.8	38.0	29.4	45.4
Valuation Ratios
P/S TTM	1.6	1.9	2.0	1.5	2.5
P/EBIT TTM	9.6	12.8	13.5	9.8	16.5
P/E TTM	15.3	17.0	17.9	12.9	21.9
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$79.30	$75.68	$73.15
Market Cap CYE ($ Bil)	38.5	37.3	36.7
Total Debt ($ Bil)	1.2	1.5	1.3
Total Cash ($ Bil)	2.4	2.2	2.6
Enterprise Value ($ Bil)	37.4	38.8	38.0
Valuation Ratios
P/S TTM	1.6	1.9	2.0
P/EBIT TTM	9.6	12.8	13.5
P/E TTM	15.3	17.0	17.9
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	CTSH	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	20.9
Rev Chg Q	7.4%	0.8%
Rev Chg LTM	7.4%	0.8%
Rev Chg 3Y Avg	2.6%	3.1%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	3.3
CFO LTM ($ Bil)	2.9
Net Inc LTM ($ Bil)	2.1
Op Mgn LTM	15.7%	22.0%
CFO/Rev LTM	14.1%	20.7%
Net Inc Mgn	10.2%	10.1%
VALUATION	LOW
P/S	1.6	2.1
P/CFO	11.1	9.9
P/FCF	12.3	12.2
P/E	15.3	20.7
STABILITY	VERY GOOD
Debt/Equity	0.04	0.44
Cash/Assets	0.12	0.05

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Total Headcount	349800	9302025	Link
Voluntary Attrition - Tech Services (Trailing-Twelve Months)	14.5%	9302025	Link
Trailing-Twelve-Month Bookings	27.5 billion	9302025	Link
Book-to-Bill Ratio (Trailing-Twelve-Month)	1.3x	9302025	Link
Blended Utilization Rate (excluding trainees)	85%	7302025	Link

Recent
11/18/2025	Dividend	Amount: $0.31 Payment On: 11/26/2025
Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -

CTSH Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. Strong Q3 2025 Earnings Beat. Cognizant Technology Solutions reported robust third-quarter 2025 results on October 29, 2025, with an adjusted earnings per share (EPS) of $1.39, comfortably exceeding analyst expectations. The company also announced revenue of $5.42 billion, representing a 7.4% year-over-year increase.

2. Upward Revision of Full-Year 2025 Revenue Guidance. Following its strong performance, Cognizant raised its full-year 2025 revenue growth guidance to a range of 6.0%-6.3% in constant currency. This revision signaled management's confidence in sustained growth, partly attributed to strategic acquisitions.

Stock Movement Drivers

Fundamental Drivers

The 10.8% change in CTSH stock from 9/3/2025 to 12/3/2025 was primarily driven by a 25.3% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	71.51	79.24	10.81%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	20486.00	20857.00	1.81%
Net Income Margin (%)	11.89%	10.20%	-14.20%
P/E Multiple	14.44	18.10	25.31%
Shares Outstanding (Mil)	492.00	486.00	1.22%
Cumulative Contribution			10.80%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
CTSH	10.8%
Market (SPY)	6.2%	33.0%
Sector (XLK)	11.0%	15.3%

Fundamental Drivers

The 0.3% change in CTSH stock from 6/4/2025 to 12/3/2025 was primarily driven by a 9.2% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	79.04	79.24	0.25%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	20091.00	20857.00	3.81%
Net Income Margin (%)	11.73%	10.20%	-13.03%
P/E Multiple	16.57	18.10	9.24%
Shares Outstanding (Mil)	494.00	486.00	1.62%
Cumulative Contribution			0.23%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
CTSH	0.3%
Market (SPY)	15.1%	37.3%
Sector (XLK)	22.7%	19.8%

Fundamental Drivers

The 0.7% change in CTSH stock from 12/3/2024 to 12/3/2025 was primarily driven by a 7.4% change in the company's Total Revenues ($ Mil).

	12032024	12032025	Change
Stock Price ($)	78.71	79.24	0.68%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	19412.00	20857.00	7.44%
Net Income Margin (%)	11.60%	10.20%	-12.05%
P/E Multiple	17.34	18.10	4.40%
Shares Outstanding (Mil)	496.00	486.00	2.02%
Cumulative Contribution			0.64%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
CTSH	0.7%
Market (SPY)	14.3%	64.2%
Sector (XLK)	23.1%	52.9%

Fundamental Drivers

The 33.4% change in CTSH stock from 12/4/2022 to 12/3/2025 was primarily driven by a 38.5% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	59.38	79.24	33.44%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	19366.00	20857.00	7.70%
Net Income Margin (%)	12.11%	10.20%	-15.74%
P/E Multiple	13.07	18.10	38.49%
Shares Outstanding (Mil)	516.00	486.00	5.81%
Cumulative Contribution			32.99%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
CTSH	15.0%
Market (SPY)	53.2%	57.8%
Sector (XLK)	60.2%	45.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CTSH Return	34%	10%	-35%	34%	3%	3%	37%
Peers Return	20%	40%	-25%	13%	2%	-6%	35%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
CTSH Win Rate	58%	58%	42%	58%	58%	50%
Peers Win Rate	60%	63%	42%	57%	55%	44%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
CTSH Max Drawdown	-33%	-18%	-41%	0%	-14%	-14%
Peers Max Drawdown	-39%	-9%	-38%	-17%	-23%	-25%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: IBM, ACN, CTSH, EPAM, DXC. See CTSH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	CTSH	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-44.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	79.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-41.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	71.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	198 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-32.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	49.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	953 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-69.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	223.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	419 days	1480 days

Compare to IBM, ACN, CTSH, EPAM, DXC

In The Past

Cognizant Technology Solutions's stock fell -44.2% during the 2022 Inflation Shock from a high on 3/22/2022. A -44.2% loss requires a 79.2% gain to breakeven.

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About Cognizant Technology Solutions (CTSH)

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. The company offers customer experience enhancement, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generation payments; the shift towards consumerism, outcome-based contracting, digital health, delivering integrated seamless, omni-channel, and patient-centered experience; and services that drive operational improvements in areas, such as clinical development, pharmacovigilance, and manufacturing, as well as claims processing, enrollment, membership, and billing to healthcare providers and payers, and life sciences companies, including pharmaceutical, biotech, and medical device companies. It also provides solution to manufacturers, retailers and travel and hospitality companies, as well as companies providing logistics, energy and utility services; and digital content, the creation of personalized user experience, and acceleration of digital engineering services to information, media and entertainment, and communications and technology companies. The company was founded in 1994 and is headquartered in Teaneck, New Jersey.

AI Generated Analysis | Feedback

Like Accenture, providing global IT services and digital transformation consulting.
Similar to the technology consulting and managed services divisions of companies like IBM or Deloitte.

AI Generated Analysis | Feedback

Digital Transformation Consulting: Providing strategic guidance and solutions to help businesses modernize their operations and adapt to digital changes.
Cloud Services: Assisting clients with cloud migration, infrastructure management, and optimizing applications across various cloud platforms.
Data, Analytics & AI: Developing solutions to extract insights from data, build AI models, and implement machine learning applications for informed decision-making.
Enterprise Application Services: Implementing, integrating, and managing core business applications such as ERP, CRM, and supply chain management systems.
Application Modernization & Development: Modernizing legacy applications and developing new, scalable software solutions leveraging agile and cloud-native approaches.
Cyber Security Services: Protecting clients' digital assets, data, and IT infrastructure from cyber threats through comprehensive security strategies and implementations.
Intelligent Automation: Implementing robotic process automation (RPA) and AI-driven automation solutions to streamline business operations and improve efficiency.

AI Generated Analysis | Feedback

Cognizant Technology Solutions (CTSH) primarily sells its services to other companies (Business-to-Business or B2B), rather than directly to individual consumers. Due to the nature of their business and client confidentiality agreements, Cognizant does not typically disclose the specific names of its individual major customer companies. However, their customer base is comprised of large enterprises across various key industries globally. Their financial reports generally segment their revenue by these industries, which provides insight into where their customers are concentrated. No single customer usually accounts for a material portion (e.g., more than 10%) of their total revenue, indicating a diversified customer base within these sectors. Cognizant's major customer segments by industry include:

Financial Services: This segment serves banks, capital markets firms, and insurance companies. These customers leverage Cognizant for digital transformation, regulatory compliance, risk management, and operational efficiency.
Healthcare: This segment includes life sciences companies (pharmaceutical, biotech, medical device), healthcare providers (hospitals, clinics), and payers (health insurance companies). Services focus on patient engagement, R&D, compliance, and claims processing.
Products and Resources: This broad segment encompasses customers in retail, consumer goods, travel and hospitality, manufacturing, logistics, automotive, energy, and utilities. These companies utilize Cognizant for supply chain optimization, customer experience enhancement, product innovation, and operational technology modernization.
Communications, Media and Technology: This segment serves telecommunications companies, media and entertainment firms, and other technology companies. Services include network modernization, content monetization, platform development, and digital product engineering.

AI Generated Analysis | Feedback

Amazon.com, Inc. (AMZN) - Parent company of Amazon Web Services
Microsoft Corporation (MSFT)
Alphabet Inc. (GOOGL) - Parent company of Google Cloud Platform
SAP SE (SAP)
Oracle Corporation (ORCL)
Salesforce, Inc. (CRM)
Cisco Systems, Inc. (CSCO)
Hewlett Packard Enterprise Company (HPE)
Dell Technologies Inc. (DELL)

AI Generated Analysis | Feedback



Ravi Kumar S, Chief Executive Officer
Prior to joining Cognizant in January 2023, Ravi Kumar S served as the President of Infosys from 2016 to 2022, where he led the global services organization across all industry segments. He also held senior positions at PricewaterhouseCoopers, Cambridge Technology Partners, Oracle, and Sapient. He began his career as a nuclear scientist at the Bhabha Atomic Research Center of India.

Jan Siegmund, Chief Financial Officer
Jan Siegmund was appointed Chief Financial Officer of Cognizant in September 2020. Before joining Cognizant, he served for seven years as Corporate Vice President and Chief Financial Officer of Automatic Data Processing (ADP). Earlier in his two-decade tenure with ADP, he held roles such as President of the Added Value Services Division and Chief Strategy Officer. He began his career at McKinsey & Company as a Senior Engagement Manager.

Surya Gummadi, President – Americas
Surya Gummadi is the President of Americas for Cognizant.

Rajesh Varrier, President – Operations, Chairman and Managing Director of Cognizant India
Rajesh Varrier serves as the President of Operations and is the Chairman and Managing Director of Cognizant India.

Kathryn (Kathy) Diaz, Chief People Officer
Kathryn (Kathy) Diaz holds the position of Chief People Officer at Cognizant.

AI Generated Analysis | Feedback

Generative AI (GenAI) is an emerging threat to Cognizant Technology Solutions.

This threat stems from the rapid advancement and adoption of GenAI tools that can automate significant portions of traditional IT services, including software development, testing, maintenance, code generation, and even some aspects of consulting and strategy. As clients increasingly leverage these capabilities internally or through more specialized providers, it could lead to reduced demand for Cognizant's labor-intensive services, margin compression due to increased efficiency, and potential disintermediation for standard project work. While Cognizant is actively investing in and integrating GenAI into its own offerings, the speed and breadth of this technological shift pose a fundamental challenge to its traditional business model and necessitate a profound transformation of its service delivery and workforce.

AI Generated Analysis | Feedback

Cognizant Technology Solutions (CTSH) operates within several large and growing addressable markets for its main products and services. These include IT services, consulting services, digital transformation services, cloud services, and application management services, all primarily addressed on a global scale.

IT Services: The global IT services market was estimated at approximately USD 1.50 trillion in 2024 and is projected to reach USD 2.59 trillion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.4% from 2025 to 2030. Another estimate places the global IT services market size at USD 1.218.6 billion in 2024, with a forecast to reach USD 2,289.3 billion by 2033, growing at a CAGR of 7.26% during 2025-2033. North America is a dominant region within this market.
Consulting Services: The global consulting services market was valued at approximately USD 250 billion in 2023 and is expected to grow to around USD 470 billion by 2032, with an impressive CAGR of 7% from 2024 to 2032. Another report indicates the global consulting services market size was worth around USD 319.83 billion in 2024 and is anticipated to reach approximately USD 450.02 billion by 2033, with a CAGR of 3.87% from 2024 to 2033. North America holds the largest share of this market.
Digital Transformation Services: The global digital transformation market size was estimated at USD 1,070.43 billion in 2024 and is projected to reach USD 4,617.78 billion by 2030, demonstrating a significant CAGR of 28.5% from 2025 to 2030. Another source estimates the digital transformation market size at USD 911.2 billion in 2024, with a projection to reach USD 3,289.4 billion by 2030, growing at a CAGR of 23.9% from 2024 to 2030. North America dominates the digital transformation market.
Cloud Services: The global cloud services market size was valued at USD 618.04 billion in 2024 and is expected to exceed USD 2,726.94 billion by 2034, with a CAGR of 16.00% from 2025 to 2034. Another valuation places the global cloud computing market size at approximately $912.77 billion in 2025, projected to reach $5.15 trillion by 2034, at a CAGR of 21.2% over the next decade. North America held the largest market share in the cloud computing industry in 2024.
Application Management Services: The global application management services market size was estimated at USD 41.98 billion in 2024 and is predicted to reach around USD 264.74 billion by 2034, expanding at a CAGR of 20.22% from 2024 to 2034. North America was the largest revenue-generating market in 2023.

AI Generated Analysis | Feedback

Cognizant Technology Solutions (CTSH) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

AI-Driven Transformation and Services: Cognizant is positioning itself as an "AI builder," with a significant focus on scaling "agentic AI" across enterprises and increasing generative AI engagements. The company has made substantial investments in AI-led platforms and intellectual property, viewing artificial intelligence as a net tailwind for its business. This focus is expected to power growth in the coming years.
Strategic Acquisitions: Recent acquisitions, such as Belcan (engineering services) and Thirdera (a ServiceNow partner), have already contributed significantly to Cognizant's revenue growth and are anticipated to continue to do so. The company has also reiterated its long-term capital allocation framework, which includes the flexibility to pursue additional strategic acquisitions to strengthen and diversify its portfolio.
Large Deal Wins and Client Centricity: Cognizant has demonstrated strong execution in securing major contracts, evidenced by its record number of large deal wins and sustained large deal momentum. The company's emphasis on client centricity and closing substantial deals translates into robust bookings, which are a key indicator of future revenue potential. Cognizant aims to return to the "Winner's Circle" by 2027, partly by sustaining this momentum in large deal acquisitions.
Expansion in Digital Services and Cloud Solutions: Cognizant continues to support its clients in modernizing their technology, reimagining business processes, and transforming experiences through the adoption of cutting-edge digital technologies. The expansion of its digital services, including digital engineering, and cloud solutions, is a consistent and significant driver of anticipated revenue growth.
Strong Performance in Key Industry Verticals: Cognizant has reported robust organic growth in specific industry segments, notably Health Sciences and Financial Services. The company's sustained focus and strong performance in these key verticals are expected to continue contributing significantly to its overall revenue expansion.

AI Generated Analysis | Feedback

Share Repurchases

In March 2025, Cognizant's Board of Directors approved a $2 billion increase to its existing share repurchase authorization, bringing the total remaining authorization to approximately $3.1 billion as of March 24, 2025.
The company expects to repurchase $1.1 billion of shares in 2025, an increase of $500 million over its prior expectation.
Cognizant repurchased $605 million in shares in 2024 and $1.064 billion in 2023.

Share Issuance

Issuance of common stock under stock-based compensation plans resulted in $49 million in 2024 and $57 million in 2023.
The 2023 Incentive Plan authorized the issuance of a total of 25.0 million shares of Class A common stock to eligible employees.

Outbound Investments

Cognizant completed the acquisition of Belcan in August 2024 for approximately $1.3 billion in cash and stock, aiming to strengthen its engineering research and development (ER&D) sector. The capital deployed on acquisitions for the full year 2024 was $1.6 billion.
In January 2023, the company acquired Thirdera for $430 million to enhance its artificial intelligence offerings and ServiceNow consulting capabilities.
Cognizant's capital allocation framework anticipates deploying approximately 50% of its free cash flow for acquisitions.

Capital Expenditures

Capital expenditures for Cognizant averaged $6.337 billion from fiscal years ending December 2020 to 2024.
In 2024, capital expenditures were $6.193 billion.
Capital expenditures reached a 5-year low of $5.383 billion in December 2023, compared to $6.47 billion in 2022.

	Best Bets In Information Technology Sector
What You Pay
P/E	15.3
P/EBIT	9.6
What You Get
Rev Chg Q	7.4%
Rev Chg LTM	7.4%
Rev Chg 3Y Avg	2.6%
FCF/Rev 3Y Avg	10.4%

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Cognizant Technology Solutions Stock Jump Looks Great, But How Secure Is That Gain?	Return
2	Cognizant Technology Solutions vs Merck: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	Cognizant Technology Solutions vs Adeia: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	How Does Cognizant Technology Solutions Stock Stack Up Against Its Peers?	Peer Comparison
5	Better Bet Than CTSH Stock: Pay Less Than Cognizant Technology Solutions To Get More From MRK, HCA
6	CTSH Dip Buy Analysis
7	Cognizant Technology Solutions Total Shareholder Return (TSR): 5.0% in 2024 and -1.5% 3-yr compounded annual returns (above peer average)
8	Cognizant Technology Solutions (CTSH) Operating Cash Flow Comparison	Financials
9	Cognizant Technology Solutions (CTSH) Net Income Comparison	Financials
10	Cognizant Technology Solutions (CTSH) Operating Income Comparison	Financials
11	ARTICLES
12	How Does CTSH Stack Up Against Its Peers?		September 22nd, 2025
13	CTSH Lost 5.0% In A Month. Do You Buy Or Wait?		September 22nd, 2025
14	S&P 500 Movers \| Winners: PSKY, ES, NEM \| Losers: DXCM, CTSH, HUM		September 22nd, 2025

	Title
0	DASHBOARDS
1	Cognizant Technology Solutions Stock Jump Looks Great, But How Secure Is That Gain?
2	Cognizant Technology Solutions vs Merck: Which Is A Better Investment?
3	Cognizant Technology Solutions vs Adeia: Which Is A Better Investment?
4	How Does Cognizant Technology Solutions Stock Stack Up Against Its Peers?
5	Better Bet Than CTSH Stock: Pay Less Than Cognizant Technology Solutions To Get More From MRK, HCA
6	CTSH Dip Buy Analysis
7	Cognizant Technology Solutions Total Shareholder Return (TSR): 5.0% in 2024 and -1.5% 3-yr compounded annual returns (above peer average)
8	Cognizant Technology Solutions (CTSH) Operating Cash Flow Comparison
9	Cognizant Technology Solutions (CTSH) Net Income Comparison
10	Cognizant Technology Solutions (CTSH) Operating Income Comparison
11	ARTICLES
12	How Does CTSH Stack Up Against Its Peers?
13	CTSH Lost 5.0% In A Month. Do You Buy Or Wait?
14	S&P 500 Movers \| Winners: PSKY, ES, NEM \| Losers: DXCM, CTSH, HUM

Trade Ideas

Select past ideas related to CTSH. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%
CTSH_3312023_Dip_Buyer_ValueBuy	03312023	CTSH	Cognizant Technology Solutions	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.2%	22.3%	-4.2%
CTSH_9302022_Dip_Buyer_FCFYield	09302022	CTSH	Cognizant Technology Solutions	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.0%	20.0%	-9.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%
CTSH_3312023_Dip_Buyer_ValueBuy	03312023	CTSH	Cognizant Technology Solutions	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.2%	22.3%	-4.2%
CTSH_9302022_Dip_Buyer_FCFYield	09302022	CTSH	Cognizant Technology Solutions	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.0%	20.0%	-9.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Cognizant Technology Solutions

Peers to compare with:

Financials

	CTSH	IBM	ACN	EPAM	DXC	Median
Name	Cognizan.	Internat.	Accenture	EPAM Sys.	DXC Tech.
Mkt Price	-	-	-	-	-	-
Mkt Cap	-	-	-	-	-	-
Rev LTM	-	-	-	-	-	-
Op Inc LTM	-	-	-	-	-	-
FCF LTM	-	-	-	-	-	-
FCF 3Y Avg	-	-	-	-	-	-
CFO LTM	-	-	-	-	-	-
CFO 3Y Avg	-	-	-	-	-	-

Growth & Margins

	CTSH	IBM	ACN	EPAM	DXC	Median
Name	Cognizan.	Internat.	Accenture	EPAM Sys.	DXC Tech.
Rev Chg LTM	-	-	-	-	-	-
Rev Chg 3Y Avg	-	-	-	-	-	-
Rev Chg Q	-	-	-	-	-	-
QoQ Delta Rev Chg LTM	-	-	-	-	-	-
Op Mgn LTM	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-
CFO/Rev LTM	-	-	-	-	-	-
CFO/Rev 3Y Avg	-	-	-	-	-	-
FCF/Rev LTM	-	-	-	-	-	-
FCF/Rev 3Y Avg	-	-	-	-	-	-

Valuation

	CTSH	IBM	ACN	EPAM	DXC	Median
Name	Cognizan.	Internat.	Accenture	EPAM Sys.	DXC Tech.
Mkt Cap	-	-	-	-	-	-
P/S	-	-	-	-	-	-
P/EBIT	-	-	-	-	-	-
P/E	-	-	-	-	-	-
P/CFO	-	-	-	-	-	-
Total Yield	-	-	-	-	-	-
Dividend Yield	-	-	-	-	-	-
FCF Yield 3Y Avg	-	-	-	-	-	-
D/E	-	-	-	-	-	-
Net D/E	-	-	-	-	-	-

Returns

	CTSH	IBM	ACN	EPAM	DXC	Median
Name	Cognizan.	Internat.	Accenture	EPAM Sys.	DXC Tech.
1M Rtn	-	-	-	-	-	-
3M Rtn	-	-	-	-	-	-
6M Rtn	-	-	-	-	-	-
12M Rtn	-	-	-	-	-	-
3Y Rtn	-	-	-	-	-	-
1M Excs Rtn	-	-	-	-	-	-
3M Excs Rtn	-	-	-	-	-	-
6M Excs Rtn	-	-	-	-	-	-
12M Excs Rtn	-	-	-	-	-	-
3Y Excs Rtn	-	-	-	-	-	-

Comparison Analyses

	Title
0	How Does Cognizant Technology Solutions Stock Stack Up Against Its Peers?
1	Cognizant Technology Solutions vs. Accenture: With Return Forecast Of 14%, Cognizant Technology Solutions Is A Better Bet
2	With 14% Gains On The Table, CTSH May Outshine IBM
3	CTSH Could Deliver 14% Returns And Outperform DXC
4	EPAM Could Deliver 23% Returns And Outperform CTSH
5	Cognizant Technology Solutions vs. Zoetis: Similar Income, But Zoetis Is A Better Bet
6	Cognizant Technology Solutions vs. Intuit: Similar Income, But Intuit Is A Better Bet
7	Cognizant Technology Solutions vs. NVIDIA: Similar Income, But Cognizant Technology Solutions Is A Better Bet
8	Cognizant Technology Solutions vs. Mastercard: Similar Revenue, But Mastercard Is A Better Bet
9	Cognizant Technology Solutions vs. Texas Instruments: Similar Revenue, Similar Bets

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/29/2025	2/12/2025	2/14/2024	2/15/2023	2/16/2022	2/12/2021	2/14/2020
Key Financials
Total Revenue	20,857	19,736	19,353	19,428	18,507	16,652	16,783
EBITDA	3,942	3,534	3,383	3,604	3,410	2,679	3,095
Operating Income	3,274	3,026	2,918	2,968	2,826	2,329	2,670
Net Income	2,128	2,240	2,126	2,290	2,137	1,392	1,842
EPS	4.31	4.52	4.21	4.42	4.06	2.58	3.30
Growth Rates
Total Revenue Growth	7.4%	2.0%	-0.4%	5.0%	11.1%	-0.8%	4.1%
EBITDA Growth	11.7%	4.5%	-6.1%	5.7%	27.3%	-13.4%	-6.8%
Operating Income Growth	9.5%	3.7%	-1.7%	5.0%	21.3%	-12.8%	-5.3%
Net Income Growth	-5.5%	5.4%	-7.2%	7.2%	53.5%	-24.4%	-12.3%
Margins
EBITDA Margin	18.9%	17.9%	17.5%	18.6%	18.4%	16.1%	18.4%
Operating Income Margin	15.7%	15.3%	15.1%	15.3%	15.3%	14.0%	15.9%
Net Income Margin	10.2%	11.3%	11.0%	11.8%	11.5%	8.4%	11.0%
Cash & Debt
Total Cash	2,354	2,243	2,635	2,501	2,719	2,724	3,424
Total Debt	1,170	1,480	1,315	1,534	1,642	1,758	1,685
Net Debt / (Cash)	-1,184	-763	-1,320	-967	-1,077	-966	-1,739
Cash Flows
Net Cash from Operations	2,945	2,124	2,330	2,568	2,495	3,299	2,499
Free Cash from Operations	2,651	1,827	2,013	2,236	2,216	2,901	2,107
Returns to Shareholders
Dividends	609	600	591	564	509	480	453
Share Repurchases	1,194	605	1,064	1,422	771	1,621	2,247

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	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
Filing Date	10/29/2025	7/31/2025	5/1/2025	2/12/2025	10/31/2024	8/1/2024	5/2/2024	2/14/2024	11/2/2023	8/3/2023	5/4/2023	2/15/2023
Key Financials Quarterly
Total Revenue	5,415	5,245	5,115	5,082	5,044	4,850	4,760	4,758	4,897	4,886	4,812	4,839
Ebitda	1,030	990	1,020	902	895	871	866	896	870	738	879	863
Operating Income	866	817	791	800	771	737	718	764	758	694	702	686
Net Income	274	645	663	546	582	566	546	558	525	463	580	521
EPS	0.56	1.31	1.34	1.10	1.17	1.14	1.10	1.12	1.04	0.92	1.14	1.02
Key Financials TTM
Total Revenue TTM	20,857	20,486	20,091	19,736	19,412	19,265	19,301	19,353	19,434	19,394	19,414	19,428
Ebitda TTM	3,942	3,807	3,688	3,534	3,528	3,503	3,370	3,383	3,350	3,439	3,609	3,604
Operating Income TTM	3,274	3,179	3,099	3,026	2,990	2,977	2,934	2,918	2,840	2,880	2,946	2,968
Net Income TTM	2,128	2,436	2,357	2,240	2,252	2,195	2,092	2,126	2,089	2,193	2,307	2,290
Growth Rates Quarterly
Total Revenue Growth	7.4%	8.1%	7.5%	6.8%	3.0%	-0.7%	-1.1%	-1.7%	0.8%	-0.4%	-0.3%	1.3%
EBITDA Growth	15.1%	13.7%	17.8%	0.7%	2.9%	18.0%	-1.5%	3.8%	-9.3%	-18.7%	0.6%	-2.3%
Operating Income Growth	12.3%	10.9%	10.2%	4.7%	1.7%	6.2%	2.3%	11.4%	-5.0%	-8.7%	-3.0%	-6.3%
Net Income Growth	-52.9%	14.0%	21.4%	-2.2%	10.9%	22.2%	-5.9%	7.1%	-16.5%	-19.8%	3.0%	-9.5%
Margins Quarterly
EBITDA Margin	19.0%	18.9%	19.9%	17.7%	17.7%	18.0%	18.2%	18.8%	17.8%	15.1%	18.3%	17.8%
Operating Income Margin	16.0%	15.6%	15.5%	15.7%	15.3%	15.2%	15.1%	16.1%	15.5%	14.2%	14.6%	14.2%
Net Income Margin	5.1%	12.3%	13.0%	10.7%	11.5%	11.7%	11.5%	11.7%	10.7%	9.5%	12.1%	10.8%
Cash & Debt
Total Cash	2,354	1,808	1,992	2,243	2,025	2,205	2,243	2,635	2,368	2,095	2,481	2,501
Total Debt	1,170	1,177	1,179	1,480	1,863	1,237	1,277	1,315	1,445	1,481	1,507	1,534
Net Debt / (Cash)	-1,184	-631	-813	-763	-162	-968	-966	-1,320	-923	-614	-974	-967
Cash Flows Quarterly
FCF from Operations	1,227	398	400	920	847	262	95	737	828	36	729	702
Cash Flows TTM
FCF from Operations TTM	2,945	2,565	2,429	2,124	1,941	1,922	1,696	2,330	2,295	2,499	2,991	2,568
Returns to Shareholders Quarterly
Dividends	151	153	155	150	149	150	151	146	147	148	150	139
Share Repurchases	463	368	209	154	242	76	133	313	315	214	222	315
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Financial Services (FS)	5,809	6,072	6,051	5,621	5,869
Health Sciences (HS)	5,674	5,631	5,337	4,852	4,695
Products and Resources (P&R)	4,628	4,566	4,276	3,696	3,770
Communications, Media and Technology (CMT)	3,242	3,159	2,843	2,483	2,449
Total	19,353	19,428	18,507	16,652	16,783

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Health Sciences (HS)	1,352	1,190	1,527	1,383	1,261
Financial Services (FS)	1,156	1,323	1,707	1,449	1,605
Products and Resources (P&R)	984	1,071	1,301	1,078	1,028
Communications, Media and Technology (CMT)	625	769	925	794	732
Unallocated costs	-1,428	-1,385	-2,634	-2,590	-2,173
Total	2,689	2,968	2,826	2,114	2,453

Price Behavior

Price Behavior

Market Price	$79.24
Market Cap ($ Bil)	38.5
First Trading Date	06/19/1998
Distance from 52W High	-11.2%
	50 Days	200 Days
DMA Price	$70.53	$74.10
DMA Trend	down	up
Distance from DMA	12.3%	6.9%
	3M	1YR
Volatility	27.0%	26.3%
Downside Capture	49.72	85.68
Upside Capture	83.34	74.98
Correlation (SPY)	32.8%	64.3%

CTSH Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.69	0.76	0.71	0.82	0.85	0.87
Up Beta	-0.43	-0.61	0.13	0.66	0.88	0.85
Down Beta	-0.44	1.50	1.33	0.96	0.89	0.86
Up Capture	178%	136%	68%	54%	61%	60%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	12	26	36	66	133	396
Down Capture	78%	45%	53%	106%	90%	98%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	7	15	26	59	115	354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of CTSH With Other Asset Classes (Last 1Y)
	CTSH	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-0.3%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	26.2%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.04	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		52.7%	64.1%	-4.7%	17.4%	52.1%	23.7%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of CTSH With Other Asset Classes (Last 5Y)
	CTSH	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	1.7%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	25.8%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.07	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		54.9%	63.0%	6.9%	15.2%	50.6%	23.2%

Based On 10-Year Data

		Comparison of CTSH With Other Asset Classes (Last 10Y)
	CTSH	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	3.3%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	28.2%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.16	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		60.9%	67.1%	1.8%	21.4%	55.0%	14.9%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	32,383,630
Short Interest: % Change Since 10312025	8.4%
Average Daily Volume	4,803,527
Days-to-Cover Short Interest	6.74
Basic Shares Quantity	486,000,000
Short % of Basic Shares	6.7%

Returns Analyses

	Title
0	Cognizant Technology Solutions Stock Jump Looks Great, But How Secure Is That Gain?
1	CTSH YTD Stock Return Of 6.2% Outperforms EPAM by 23% and Underperforms IBM by -35%
2	Cognizant Technology Solutions Stock Return Comparison
3	Cognizant Technology Solutions Total Shareholder Return (TSR): -34.3% in 2022 and -1.4% 3-yr returns (below peer average)

SEC Filings

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Report Date	Filing Date	Filing
9302025	10292025	10-Q 9/30/2025
6302025	7312025	10-Q 6/30/2025
3312025	5012025	10-Q 3/31/2025
12312024	2122025	10-K 12/31/2024
9302024	10312024	10-Q 9/30/2024
6302024	8012024	10-Q 6/30/2024
3312024	5022024	10-Q 3/31/2024
12312023	2142024	10-K 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8032023	10-Q 6/30/2023
3312023	5042023	10-Q 3/31/2023
12312022	2152023	10-K 12/31/2022
9302022	11032022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	5052022	10-Q 3/31/2022
12312021	2162022	10-K 12/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Kerdman Alina	SVP, Controller & CAO	11202025	Sell	70.94	160	11,350	45,756	Form
1	Kim John Sunshin	CLO, CAO & Corporate Secretary	10312025	Sell	75.18	2,500	187,950	2,753,843	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Cognizant Technology Solutions (CTSH)

Market Price (12/4/2025): $79.3 | Market Cap: $38.5 BilSector: Information Technology | Industry: IT Consulting & Other Services

Cognizant Technology Solutions (CTSH)

Market Price (12/4/2025): $79.3Market Cap: $38.5 BilSector: Information TechnologyIndustry: IT Consulting & Other Services

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Market Price (12/4/2025): $79.3 | Market Cap: $38.5 Bil
Sector: Information Technology | Industry: IT Consulting & Other Services

Market Price (12/4/2025): $79.3
Market Cap: $38.5 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services