Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Cognizant Technology Solutions Corporation functions as a global professional services firm, delivering a comprehensive suite of consulting, technology, and outsourcing solutions across North America, Europe, and other international markets. Its operations are structured into four primary divisions: Financial Services, Healthcare, Products and Resources, and Communications, Media and Technology. Within the Financial Services sector, Cognizant provides advanced services such as enhancing customer experiences, implementing robotic process automation (RPA), and leveraging analytics and artificial intelligence (AI) to address needs in areas like digital lending, fraud prevention, and modern payment systems.
How they make money
Cognizant generates revenue by providing professional services, including digital engineering, cloud transformation, and AI-driven solutions. The company operates on a global delivery model, charging clients primarily through time-and-materials or fixed-price contracts for consulting, technology, and business process services.
Products & services
Professional services including digital engineering, cloud infrastructure management, artificial intelligence solutions, data analytics, and business process outsourcing.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
The company states that the services it provides are distributed among a number of clients and that the volume of work performed for specific clients may vary significantly from year to year, as of the period ended December 31, 2025.
Suppliers, materials & equipment
Cloud and Software Service Providers — Various third-party technology and cloud platform providers used to deliver services to clients; specific supplier names are unnamed.Source
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 77.9% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
54
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
71
Strong
Financial Strength
69
Business Quality / Moat
62
Management
100
Growth Quality
33
Risk / Durability
99
Great Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
50
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
53/100
Building Historical Record
Model Score 53/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
What we like
•Recent buyback activity is present
What to watch
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for CTSH
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can CTSH maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is CTSH's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is CTSH's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What does the current fundamental change risk warning mean for the reliability or interpretation of CTSH's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CTSH
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on CTSH.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Global delivery model.
+Talented global workforce.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Information Technology Services industry.
−Risk of being disrupted by nimble, AI-native competitors.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Fair54/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Fair
69
Debt Cost2.3%
Debt Reduction YoY-4.8%
Debt / Equity0.10x
Tap for breakdown →
Revenue
Poor
27
Revenue YoY2.5%
Revenue CAGR4.4%
Net Margin10.3%
Tap for breakdown →
Asset
Weak
46
Asset Growth YoY3.6%
Liquidation/Share$30.00
Net Assets/MCap0.72x
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Capital
Strong
88
Earnings Yield8.6%
Buyback Yield4.3%
Debt Cost2.3%
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Management
Elite
100
ROIC15.9%
ROE15.4%
ROA10.7%
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Moat
Fair
62
EPS Growth4.6%
FCF/Share Growth13.0%
Rev/Share Growth7.6%
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Valuation
Weak
49
Intrinsic Value$65.74
Value Reference$39.44
MOS-1.4%
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Buffett
Fair
59
Revenue27
Moat62
Valuation49
Tap for breakdown →
MOS
Poor
32
MOS %-1.4%
Value Reference$39.44
Deep Discount Reference$26.29
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Financial
Weak
44
Interest Coverage95.4x
ROIC15.9%
FCF Yield10.0%
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Master
Weak
46
Financial44
Valuation49
Debt69
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Resilience
Strong
76
Survival Years0.9 yrs
Current Ratio2.34x
FCF Margin12.3%
Tap for breakdown →
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Score Changes
6 historical score records available
Previous Score
50
Sep 17, 2026
Change
+3.1
points
Current Score
54
Oct 1, 2026
Category Changes
Revenue+1.2
Debt0
Assets+1.6
Capital+5.0
Management0
Moat+0.1
Valuation+11.8
Buffett+1.7
CTSH increased 3.1 points because Capital improved by 5 points, Valuation improved by 11.8 points.
Positive Contributors
+ Capital improved by 5 points
+ Valuation improved by 11.8 points
Projected Score
Projected Score
54
Projected Change
+0.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$21.64B
$21.11B
$19.74B
$19.35B
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Cost of Revenue
$14.72B
$13.99B
$12.96B
$12.66B
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Gross Profit
$6.93B
$7.12B
$6.78B
$6.69B
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$3.15B
$3.24B
$3.22B
$3.25B
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Operating Expenses
$3.52B
$3.59B
$3.89B
$4.00B
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EBITDA
$3.96B
$4.17B
$3.53B
$3.38B
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Operating Income
$3.41B
$3.53B
$2.89B
$2.69B
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····
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Interest Expense
$36.0M
$37.0M
$54.0M
$41.0M
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····
····
····
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Income Before Tax
$3.52B
$3.71B
$2.95B
$2.79B
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····
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Income Tax Expense
$1.29B
$1.48B
$713.0M
$668.0M
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Net Income
$2.22B
$2.23B
$2.24B
$2.13B
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Basic EPS
$4.66
$4.56
$4.52
$4.21
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Basic Shares
466M
481M
496M
505M
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Diluted Shares
466M
482M
497M
505M
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
Margins contracted
Cash position declined
Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth. Pressure indicators included cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 4.5%. EPS increased 3.8%. Cash declined 42.2%. Total debt increased 77.9%. Net income margin declined by 0.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.