Cognizant Technology Solutions (CTSH) EV to FCF (2009 - 2026)
Cognizant Technology Solutions' (CTSH) quarterly EV to FCF came in at 35.85 in Q2 2026, down 67.35% year-over-year from 109.81 in Q2 2025, and down 74.25% quarter-over-quarter from 139.21 in Q1 2026.
Analysis
Cognizant Technology Solutions (CTSH) EV to FCF (2009 - 2026) Analysis & Trends
Cognizant Technology Solutions (CTSH) has reported EV to FCF for 18 consecutive years, with 35.85 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF fell 67.35% year-over-year to 35.85 in Q2 2026; TTM through Jun 2026 was 6.33, a 60.24% decrease from a year earlier, with the FY2025 full-year figure at 14.58, down 25.62% from the prior year.
- EV to FCF was 35.85 for Q2 2026 at Cognizant Technology Solutions, down from 139.21 in the prior quarter.
- Over five years, EV to FCF peaked at 2136.38 in Q1 2024 and troughed at 964.73 in Q2 2023.
- A 5-year average of 134.46 and a median of 47.15 in 2025 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF plunged 1533.51% in 2023 and surged 4644.93% in 2024, its largest moves.
- Over 5 years, EV to FCF stood at 43.48 in 2022, then increased by 22.08% to 53.08 in 2023, then slipped by 19.37% to 42.8 in 2024, then rose by 13.22% to 48.45 in 2025, then decreased by 26.01% to 35.85 in 2026.
- The last three EV to FCF figures came in at 35.85 (Q2 2026), 139.21 (Q1 2026), and 48.45 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 47.37 Bn | 47.42 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 28.16 Bn | 27.11 Bn | 1.83 Bn |
| 3 | Cgi | 14.44 Bn | 13.86 Bn | - |
| 4 | EPAM Systems | 6.04 Bn | 5.25 Bn | 429.57 Mn |
| 5 | ExlService Holdings | 5.56 Bn | 5.27 Bn | 225.96 Mn |
| 6 | Science Applications International | 5.32 Bn | 5.20 Bn | 239.00 Mn |
| 7 | Kyndryl Holdings | 2.86 Bn | 850.31 Mn | 776.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn |
| 9 | Innodata | 1.91 Bn | 1.66 Bn | 42.46 Mn |
| 10 | DXC Technology | 1.86 Bn | 135.62 Mn | 611.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.85 |
| Mar 31, 2026 | 139.21 |
| Dec 31, 2025 | 48.45 |
| Sep 30, 2025 | 25.90 |
| Jun 30, 2025 | 109.81 |
| Mar 31, 2025 | 110.60 |
| Dec 31, 2024 | 42.80 |
| Sep 30, 2024 | 45.84 |
| Jun 30, 2024 | 172.63 |
| Mar 31, 2024 | 2,136.38 |
| Dec 31, 2023 | 53.08 |
| Sep 30, 2023 | 41.81 |
| Jun 30, 2023 | -964.73 |
| Mar 31, 2023 | 45.02 |
| Dec 31, 2022 | 43.48 |
| Sep 30, 2022 | 28.11 |
| Jun 30, 2022 | 67.30 |
| Mar 31, 2022 | 238.70 |
| Dec 31, 2021 | 57.71 |
| Sep 30, 2021 | 40.74 |