What are Cognizant's profit margins?

Cognizant (CTSH) runs a 33.5% gross margin and a 15.8% operating margin, with a 10.4% net margin.

Where do Cognizant's ratios come from?

Every ratio is computed from Cognizant's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Cognizant CTSH Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	135.5%-0.7pp	136.2%-0.6pp	136.8%-0.3pp	137.1%-0.2pp	137.3%-0.1pp
Operating margin	63%+0.6pp	62.4%+1.4pp	61%+1.0pp	60%+0.8pp	59.2%+1.3pp
Net margin	43.1%-1.3pp	44.4%-0.8pp	45.2%-1.4pp	46.6%+0.5pp	46.1%+0.9pp
EBITDA margin	73.6%+0.5pp	73.1%+1.3pp	71.8%+0.9pp	70.9%+0.7pp	70.3%+1.1pp
Free cash flow margin	47.7%+0.9pp	46.8%+3.0pp	43.7%+4.2pp	39.5%+2.8pp	36.7%+3.2pp
Returns
Return on equity	61.2%-1.7pp	63%-1.1pp	64%-2.0pp	66%+0.3pp	65.7%+0.6pp
Return on assets	45.1%-1.3pp	46.4%-0.7pp	47.1%-1.2pp	48.3%+0.6pp	47.7%+0.8pp
Return on invested capital	62.7%-2.3pp	65%-1.6pp	66.6%-1.6pp	68.2%+0.6pp	67.6%+0.7pp
Efficiency
Asset turnover	4.2×0.0×	4.2×0.0×	4.2×0.0×	4.1×0.0×	4.1×0.0×
Liquidity
Current ratio	9.1×0.0×	9.1×0.0×	9.1×+0.1×	8.9×0.0×	9×-0.1×
Quick ratio	9.1×0.0×	9.1×0.0×	9.1×+0.1×	8.9×0.0×	9×-0.1×
Cash ratio	2.2×-0.2×	2.4×-0.1×	2.5×+0.1×	2.4×-0.2×	2.5×-0.2×
Leverage
Debt-to-equity	0.3×0.0×	0.3×0.0×	0.3×-0.1×	0.4×0.0×	0.4×0.0×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	-0.8×+0.1×	-0.9×0.0×	-0.9×-0.3×	-0.6×+0.1×	-0.8×+0.1×
Interest coverage	324.2×+50.1×	274×+38.0×	236×+6.2×	229.8×-6.9×	236.7×-6.9×
Per Share
Book value per share	$123.96+1.2%	$122.47+1.4%	$120.75+1.2%	$119.30+2.7%	$116.13+2.7%
Valuation
Market capitalization	$140.4B-5.7%	$148.9B+1.3%	$146.97B-3.6%	$152.47B+3.0%	$148.03B+0.9%
Enterprise value	$137.48B-5.6%	$145.58B+1.3%	$143.65B-4.3%	$150.17B+3.3%	$145.4B+1.0%
Price / earnings	62.2×-2.9×	65.1×+0.9×	64.2×-1.6×	65.8×+0.3×	65.5×-1.4×
Price / sales	6.7×-0.5×	7.2×0.0×	7.3×-0.4×	7.7×+0.1×	7.5×0.0×
Price / book	9.3×-0.6×	9.9×0.0×	9.9×-0.4×	10.3×+0.1×	10.3×-0.2×
EV / EBITDA	35.7×-2.9×	38.7×-0.9×	39.6×-3.0×	42.5×+0.4×	42.2×-0.7×
EV / sales	6.6×-0.5×	7.1×0.0×	7.1×-0.4×	7.5×+0.1×	7.4×0.0×
Free cash flow yield	29%+2.8pp	26.2%+1.7pp	24.5%+3.8pp	20.7%+1.2pp	19.5%+1.7pp
Earnings yield	26%+1.4pp	24.7%-0.3pp	25%+0.6pp	24.4%-0.1pp	24.5%+0.5pp
Dividend yield	7.1%+0.5pp	6.6%-0.1pp	6.6%+0.3pp	6.3%-0.2pp	6.5%0.0pp

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Questions, answered.

What are Cognizant's profit margins?: Cognizant (CTSH) runs a 33.5% gross margin and a 15.8% operating margin, with a 10.4% net margin.
Where do Cognizant's ratios come from?: Every ratio is computed from Cognizant's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.