Last 48 quarters of trend data · Technology · IT Consulting & Outsourcing
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.32 | 10.33 | 7.12 | 11.03 | 15.49 | 29.94 | 14.89 | 14.27 | 17.48 | 16.49 | 14.91 | 16.66 | 17.01 | 16.28 | 17.93 | 13.36 | 14.02 | 11.77 | 15.20 | 20.95 | 20.16 |
| — | -65.5% | -52.2% | -22.7% | -11.4% | +81.6% | -0.1% | -14.3% | +2.7% | +1.3% | -16.8% | +24.7% | +21.4% | +38.3% | +18.0% | -36.2% | -30.5% | -34.7% | -14.8% | +1.9% | -41.9% | |
| P/S Ratio | 1.33 | 1.14 | 0.82 | 1.35 | 1.88 | 1.51 | 1.83 | 1.85 | 1.88 | 1.90 | 1.75 | 1.92 | 1.99 | 1.75 | 1.69 | 1.61 | 1.52 | 1.53 | 1.79 | 2.44 | 2.44 |
| — | -24.3% | -55.0% | -27.0% | -0.3% | -20.5% | +4.8% | -3.4% | -5.4% | +8.6% | +3.1% | +19.0% | +31.2% | +14.3% | -5.5% | -33.9% | -37.9% | -25.7% | -10.1% | +3.5% | -6.6% | |
| P/B Ratio | 2.08 | 1.76 | 1.25 | 1.94 | 2.66 | 2.19 | 2.51 | 2.54 | 2.65 | 2.65 | 2.44 | 2.71 | 2.86 | 2.66 | 2.57 | 2.45 | 2.38 | 2.48 | 2.94 | 3.93 | 3.89 |
| — | -19.9% | -50.3% | -23.6% | +0.4% | -17.2% | +3.1% | -6.1% | -7.3% | -0.3% | -5.0% | +10.5% | +20.0% | +6.9% | -12.8% | -37.7% | -38.8% | -26.5% | -9.8% | +4.6% | -3.6% | |
| P/FCF | 12.34 | 6.99 | 9.83 | 36.95 | 12.81 | 7.04 | 29.00 | 29.31 | 11.42 | 12.10 | 46.26 | 570.29 | 14.36 | 11.33 | — | 12.29 | 11.98 | 7.79 | 18.12 | 63.28 | 15.35 |
| — | -0.8% | -66.1% | +26.1% | +12.2% | -41.8% | -37.3% | -94.9% | -20.5% | +6.8% | — | +4541.2% | +19.8% | +45.4% | — | -80.6% | -21.9% | -28.4% | -7.6% | -43.3% | +13.5% | |
| EV / EBITDA | 7.23 | 6.48 | 4.70 | 7.53 | 9.99 | 7.87 | 9.88 | 9.37 | 10.48 | 10.94 | 9.78 | 10.73 | 10.86 | 10.05 | 11.32 | 9.01 | 8.67 | 7.77 | 9.67 | 13.41 | 13.28 |
| — | -17.6% | -52.5% | -19.6% | -4.7% | -28.1% | +1.0% | -12.7% | -3.5% | +8.9% | -13.6% | +19.1% | +25.3% | +29.4% | +17.1% | -32.8% | -34.7% | -30.5% | -11.9% | +5.4% | -24.0% | |
| EV / EBIT | 8.17 | 7.50 | 5.38 | 8.22 | 11.20 | 8.80 | 11.10 | 10.48 | 12.35 | 12.51 | 11.15 | 12.12 | 12.29 | 11.55 | 13.62 | 10.06 | 9.93 | 8.92 | 11.44 | 15.90 | 15.74 |
| — | -14.7% | -51.5% | -21.5% | -9.3% | -29.7% | -0.5% | -13.5% | +0.5% | +8.3% | -18.1% | +20.5% | +23.8% | +29.5% | +19.0% | -36.7% | -36.9% | -33.0% | -13.7% | +2.9% | -30.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.7% | 33.8% | 33.4% | 29.6% | 31.1% | 33.9% | 33.7% | 33.6% | 35.1% | 34.4% | 33.9% | 33.9% | 35.2% | 34.5% | 33.9% | 34.7% | 34.9% | 36.6% | 36.4% | 35.8% | 36.6% |
| — | -0.3% | -0.9% | -11.8% | -11.4% | -1.4% | -0.8% | -0.9% | -0.3% | -0.3% | +0.2% | -2.2% | +1.1% | -5.8% | -7.0% | -3.2% | -4.7% | -3.4% | -3.0% | -3.7% | +0.5% | |
| Operating Margin | 16.7% | 15.4% | 15.9% | 15.1% | 16.0% | 16.0% | 15.6% | 16.7% | 14.8% | 14.6% | 14.6% | 14.6% | 15.2% | 14.0% | 11.8% | 14.6% | 14.2% | 16.4% | 15.5% | 15.0% | 15.3% |
| — | -3.7% | +2.4% | -9.5% | +8.2% | +9.3% | +6.7% | +14.2% | -2.9% | +4.4% | +23.6% | +0.1% | +7.3% | -14.7% | -23.8% | -2.8% | -7.5% | +6.9% | +2.1% | -1.3% | +37.9% | |
| Net Margin | 10.6% | 11.1% | 11.6% | 12.2% | 12.2% | 5.1% | 12.3% | 13.0% | 10.7% | 11.5% | 11.7% | 11.5% | 11.7% | 10.7% | 9.5% | 12.1% | 10.8% | 13.0% | 11.8% | 11.7% | 12.1% |
| — | +118.8% | -5.6% | -5.6% | +13.1% | -56.1% | +5.4% | +13.0% | -8.4% | +7.6% | +23.2% | -4.8% | +8.9% | -17.2% | -19.4% | +3.3% | -10.7% | +12.9% | +5.3% | +1.7% | +59.7% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.2% | 4.3% | 4.3% | 4.4% | 4.3% | 1.8% | 4.3% | 4.5% | 3.8% | 4.1% | 4.1% | 4.1% | 4.3% | 4.1% | 3.6% | 4.6% | 4.3% | 5.3% | 4.8% | 4.7% | 4.9% |
| — | +136.6% | +0.8% | -2.7% | +14.5% | -55.8% | +3.4% | +10.7% | -11.5% | +0.8% | +14.1% | -12.0% | -0.5% | -22.6% | -24.9% | -1.1% | -12.3% | +10.0% | +4.8% | +1.8% | +70.2% | |
| ROA | 11.0% | 3.0% | 3.1% | 3.2% | 3.2% | 1.4% | 3.2% | 3.3% | 2.7% | 3.0% | 3.1% | 3.0% | 3.1% | 2.9% | 2.6% | 3.2% | 3.0% | 3.6% | 3.3% | 3.2% | 3.3% |
| — | +118.8% | -4.2% | -3.2% | +16.7% | -54.7% | +5.0% | +12.2% | -10.8% | +3.1% | +19.4% | -8.1% | +3.1% | -19.9% | -22.9% | +1.0% | -9.8% | +13.8% | +8.8% | +6.1% | +85.5% | |
| ROIC | 18.7% | 4.2% | 4.3% | 4.2% | 4.5% | 4.6% | 4.3% | 4.6% | 4.0% | 4.1% | 4.2% | 4.1% | 4.4% | 4.2% | 3.6% | 4.5% | 4.5% | 5.2% | 4.9% | 4.7% | 4.7% |
| — | -7.4% | +2.0% | -9.3% | +11.9% | +12.6% | +2.2% | +11.7% | -7.8% | -3.4% | +15.8% | -8.5% | -2.1% | -18.5% | -26.9% | -3.6% | -5.0% | +9.2% | +5.4% | -3.6% | +35.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.14 | 0.14 | 0.07 | 0.10 | 0.08 | 0.08 | 0.08 | 0.10 | 0.13 | 0.09 | 0.09 | 0.10 | 0.11 | 0.11 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 |
| — | +84.3% | +88.1% | -8.4% | +0.6% | -39.1% | -13.5% | -16.4% | +4.9% | +14.9% | -22.5% | -20.5% | -20.2% | -11.8% | -12.7% | -11.3% | -9.0% | -12.5% | -14.8% | -13.6% | -15.6% | |
| Debt / EBITDA | 0.39 | 2.09 | 2.06 | 1.14 | 1.59 | 1.17 | 1.23 | 1.19 | 1.68 | 2.14 | 1.47 | 1.54 | 1.53 | 1.74 | 2.06 | 1.81 | 1.85 | 1.62 | 1.74 | 1.85 | 1.87 |
| — | +78.7% | +67.2% | -4.4% | -5.7% | -45.4% | -16.3% | -22.7% | +9.9% | +23.2% | -28.7% | -14.6% | -17.6% | +7.3% | +18.7% | -2.5% | -1.0% | -15.8% | -15.5% | -12.5% | -34.6% | |
| Current Ratio | 2.34 | 2.22 | 2.18 | 2.23 | 2.34 | 2.36 | 2.41 | 2.22 | 2.09 | 2.23 | 2.46 | 2.35 | 2.25 | 2.23 | 2.27 | 2.18 | 2.17 | 2.27 | 2.23 | 2.22 | 2.08 |
| — | -5.7% | -9.5% | +0.5% | +11.6% | +5.8% | -2.0% | -5.8% | -7.1% | -0.3% | +8.1% | +8.1% | +3.7% | -1.6% | +2.1% | -2.0% | +4.3% | +7.7% | +9.9% | +6.1% | +7.5% | |
| Quick Ratio | 2.34 | 2.22 | 2.18 | 2.23 | 2.34 | 2.36 | 2.41 | 2.22 | 2.09 | 2.23 | 2.46 | 2.35 | 2.25 | 2.23 | 2.27 | 2.18 | 2.17 | 2.27 | 2.23 | 2.22 | 2.08 |
| — | -5.7% | -9.5% | +0.5% | +11.6% | +5.8% | -2.0% | -5.8% | -7.1% | -0.3% | +8.1% | +8.1% | +3.7% | -1.6% | +2.1% | -2.0% | +4.3% | +7.7% | +9.9% | +6.1% | +7.5% | |
| Interest Coverage | 97.92 | 46.42 | 68.31 | 125.29 | 110.75 | 111.88 | 94.56 | 73.67 | 39.95 | 54.43 | 73.80 | 66.64 | 69.09 | 65.82 | 59.70 | 83.00 | 90.25 | 136.33 | 254.67 | 365.50 | 369.50 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying CTSH stock.
Cognizant Technology Solutions Corporation's current P/E is 11.3x. The average P/E over the last 4 quarters is 11.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Cognizant Technology Solutions Corporation's current operating margin is 16.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Cognizant Technology Solutions Corporation's business trajectory between earnings reports.