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Cognizant CTSH Free cash flow

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Other financials

Income statement

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Revenue$5.4B+5.8%
Gross profit$1.8B+3.3%
Operating income$843.0M-1.2%
Net income$662.0M-0.2%
EPS (diluted)$1.39+3.7%

Balance sheet

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Cash & equivalents$1.5B-24.0%
Total debt$1.1B-7.4%
Total equity$15.1B+1.1%
Total assets$20.5B+2.7%

Cash flow

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Operating cash flow$274.0M-31.5%
CapEx$76.0M-1.3%

Valuation

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Market cap$18.32B-48.1%
Enterprise value$17.91B-48.3%
P/E8.2×-6.3×
P/S0.9×-0.9×

Profitability

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Gross margin33.5%-0.7pp
Operating margin15.8%+0.6pp
Net margin10.4%-1.3pp
FCF margin11.5%+0.9pp

Returns & leverage

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Return on equity14.9%-1.7pp
Debt / equity0.1×0.0×
Current ratio2.2×0.0×

Where this comes from

Calculated from Cognizant’s reported figures.

The official record: Cognizant’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cognizant's free cash flow?
Cognizant (CTSH) reported free cash flow of $198M in Q1 2026.
How has Cognizant's free cash flow changed year-over-year?
Cognizant's free cash flow decreased by 38.7% year-over-year, from $323M to $198M.
What is the long-term trend for Cognizant's free cash flow?
Over 4 years (2021 to 2025), Cognizant's free cash flow has grown at a 4.0% compound annual growth rate (CAGR), from $2.22B to $2.6B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.