Last 48 quarters of trend data · Technology · Information Technology Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Cognizant Technology Solutions Corporation's quarterly P/E stands at 11.0x, down 22.7% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 19.6% YoY to 7.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.42 | 11.03 | 15.49 | 29.94 | 14.89 | 14.27 | 17.48 | 16.49 | 14.91 | 16.66 | 17.01 | 16.28 | 17.93 |
| — | -22.7% | -11.4% | +81.6% | -0.1% | -14.3% | +2.7% | +1.3% | -16.8% | +24.7% | +21.4% | +38.3% | +18.0% | |
| P/S Ratio | 1.17 | 1.35 | 1.88 | 1.51 | 1.83 | 1.85 | 1.88 | 1.90 | 1.75 | 1.92 | 1.99 | 1.75 | 1.69 |
| — | -27.0% | -0.3% | -20.5% | +4.8% | -3.4% | -5.4% | +8.6% | +3.1% | +19.0% | +31.2% | +14.3% | -5.5% | |
| P/B Ratio | 1.67 | 1.94 | 2.66 | 2.19 | 2.51 | 2.54 | 2.65 | 2.65 | 2.44 | 2.71 | 2.86 | 2.66 | 2.57 |
| — | -23.6% | +0.4% | -17.2% | +3.1% | -6.1% | -7.3% | -0.3% | -5.0% | +10.5% | +20.0% | +6.9% | -12.8% | |
| P/FCF | 9.48 | 36.95 | 12.81 | 7.04 | 29.00 | 29.31 | 11.42 | 12.10 | 46.26 | 570.29 | 14.36 | 11.33 | — |
| — | +26.1% | +12.2% | -41.8% | -37.3% | -94.9% | -20.5% | +6.8% | — | +4541.2% | +19.8% | +45.4% | — | |
| EV / EBITDA | 5.95 | 7.53 | 9.99 | 7.87 | 9.88 | 9.37 | 10.48 | 10.94 | 9.78 | 10.73 | 10.86 | 10.05 | 11.32 |
| — | -19.6% | -4.7% | -28.1% | +1.0% | -12.7% | -3.5% | +8.9% | -13.6% | +19.1% | +25.3% | +29.4% | +17.1% | |
| EV / EBIT | 6.88 | 8.83 | 11.20 | 8.80 | 11.10 | 10.48 | 12.35 | 12.51 | 11.15 | 12.12 | 12.29 | 11.55 | 13.62 |
| — | -15.8% | -9.3% | -29.7% | -0.5% | -13.5% | +0.5% | +8.3% | -18.1% | +20.5% | +23.8% | +29.5% | +19.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Cognizant Technology Solutions Corporation's operating margin was 15.1% in Q1 2026, down 0.9 pp QoQ and down 1.6 pp YoY. Gross margin contracted 11.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.7% | 29.6% | 31.1% | 33.9% | 33.7% | 33.6% | 35.1% | 34.4% | 33.9% | 33.9% | 35.2% | 34.5% | 33.9% |
| — | -11.8% | -11.4% | -1.4% | -0.8% | -0.9% | -0.3% | -0.3% | +0.2% | -2.2% | +1.1% | -5.8% | -7.0% | |
| Operating Margin | 16.7% | 15.1% | 16.0% | 16.0% | 15.6% | 16.7% | 14.8% | 14.6% | 14.6% | 14.6% | 15.2% | 14.0% | 11.8% |
| — | -9.5% | +8.2% | +9.3% | +6.7% | +14.2% | -2.9% | +4.4% | +23.6% | +0.1% | +7.3% | -14.7% | -23.8% | |
| Net Margin | 10.6% | 12.2% | 12.2% | 5.1% | 12.3% | 13.0% | 10.7% | 11.5% | 11.7% | 11.5% | 11.7% | 10.7% | 9.5% |
| — | -5.6% | +13.1% | -56.1% | +5.4% | +13.0% | -8.4% | +7.6% | +23.2% | -4.8% | +8.9% | -17.2% | -19.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.2% | 4.4% | 4.3% | 1.8% | 4.3% | 4.5% | 3.8% | 4.1% | 4.1% | 4.1% | 4.3% | 4.1% | 3.6% |
| — | -2.7% | +14.5% | -55.8% | +3.4% | +10.7% | -11.5% | +0.8% | +14.1% | -12.0% | -0.5% | -22.6% | -24.9% | |
| ROA | 11.0% | 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% | +16.7% | -54.7% | +5.0% | +12.2% | -10.8% | +3.1% | +19.4% | -8.1% | +3.1% | -19.9% | -22.9% | |
| ROIC | 18.7% | 4.2% | 4.5% | 4.6% | 4.3% | 4.6% | 4.0% | 4.1% | 4.2% | 4.1% | 4.4% | 4.2% | 3.6% |
| — | -9.3% | +11.9% | +12.6% | +2.2% | +11.7% | -7.8% | -3.4% | +15.8% | -8.5% | -2.1% | -18.5% | -26.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Cognizant Technology Solutions Corporation's Debt/EBITDA ratio is 1.1x, down from 1.6x last quarter — comfortably within a safe range.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.07 | 0.10 | 0.08 | 0.08 | 0.08 | 0.10 | 0.13 | 0.09 | 0.09 | 0.10 | 0.11 | 0.11 |
| — | -8.4% | +0.6% | -39.1% | -13.5% | -16.4% | +4.9% | +14.9% | -22.5% | -20.5% | -20.2% | -11.8% | -12.7% | |
| Debt / EBITDA | 0.39 | 1.14 | 1.59 | 1.17 | 1.23 | 1.19 | 1.68 | 2.14 | 1.47 | 1.54 | 1.53 | 1.74 | 2.06 |
| — | -4.4% | -5.7% | -45.4% | -16.3% | -22.7% | +9.9% | +23.2% | -28.7% | -14.6% | -17.6% | +7.3% | +18.7% | |
| Current Ratio | 2.34 | 2.23 | 2.34 | 2.36 | 2.41 | 2.22 | 2.09 | 2.23 | 2.46 | 2.35 | 2.25 | 2.23 | 2.27 |
| — | +0.5% | +11.6% | +5.8% | -2.0% | -5.8% | -7.1% | -0.3% | +8.1% | +8.1% | +3.7% | -1.6% | +2.1% | |
| Quick Ratio | 2.34 | 2.23 | 2.34 | 2.36 | 2.41 | 2.22 | 2.09 | 2.23 | 2.46 | 2.35 | 2.25 | 2.23 | 2.27 |
| — | +0.5% | +11.6% | +5.8% | -2.0% | -5.8% | -7.1% | -0.3% | +8.1% | +8.1% | +3.7% | -1.6% | +2.1% | |
| Interest Coverage | 97.92 | 116.71 | 110.75 | 111.88 | 94.56 | 73.67 | 39.95 | 54.43 | 73.80 | 66.64 | 69.09 | 65.82 | 59.70 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Cognizant Technology Solutions Corporation's current P/E is 11.4x. The average P/E over the last 4 quarters is 17.8x. 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.