Cognizant Technology Solutions (CTSH) Return on Invested Capital [ROIC] (2015 - 2026)
Cognizant Technology Solutions (CTSH) reported Return on Invested Capital [ROIC] of 13.74% for Q2 2026, down 1.50 percentage points from 15.24% a year earlier and down 0.09 percentage points from the prior quarter.
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Analysis
Cognizant Technology Solutions (CTSH) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, Cognizant Technology Solutions posted Return on Invested Capital [ROIC] of 14.00%, down 1.01 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined for four consecutive years, though with a five-year change of +1.97 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 15.01% in FY2024 (-0.24 pp), 15.25% in FY2023 (-2.32 pp), 17.57% in FY2022 (-0.07 pp) and 17.64% in FY2021 (+5.60 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of 13.30% in Q3 2025 and a high of 18.43% in Q3 2022.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last four quarters, with an average year-over-year change of -0.51 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q4 2021 (a gain of 5.98 percentage points); the low point was Q3 2023 (a drop of 3.58 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 13.84% (Q1 2026), 13.93% (Q4 2025) and 13.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.69 Bn | 44.75 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 26.45 Bn | 19.61 Bn | 1.83 Bn | 13.74% |
| 3 | Td Synnex | 22.21 Bn | 16.36 Bn | 1.43 Bn | 11.10% |
| 4 | Cdw | 16.70 Bn | 14.69 Bn | 1.32 Bn | 15.18% |
| 5 | Cgi | 15.63 Bn | 13.41 Bn | - | - |
| 6 | Arrow Electronics | 12.33 Bn | 11.35 Bn | 1.13 Bn | 10.19% |
| 7 | Avnet | 8.78 Bn | 7.96 Bn | 865.03 Mn | 6.41% |
| 8 | Ingram Micro Holding | 6.70 Bn | 2.31 Bn | 958.68 Mn | 8.18% |
| 9 | EPAM Systems | 5.58 Bn | 1.22 Bn | 429.57 Mn | 11.55% |
| 10 | ExlService Holdings | 5.42 Bn | 4.17 Bn | 225.96 Mn | 20.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.74% |
| Mar 31, 2026 | 13.84% |
| Dec 31, 2025 | 13.93% |
| Sep 30, 2025 | 13.30% |
| Jun 30, 2025 | 15.24% |
| Mar 31, 2025 | 15.01% |
| Dec 31, 2024 | 14.14% |
| Sep 30, 2024 | 14.41% |
| Jun 30, 2024 | 14.72% |
| Mar 31, 2024 | 14.40% |
| Dec 31, 2023 | 14.93% |
| Sep 30, 2023 | 14.84% |
| Jun 30, 2023 | 15.83% |
| Mar 31, 2023 | 17.11% |
| Dec 31, 2022 | 17.61% |
| Sep 30, 2022 | 18.43% |
| Jun 30, 2022 | 17.80% |
| Mar 31, 2022 | 17.25% |
| Dec 31, 2021 | 17.15% |
| Sep 30, 2021 | 15.56% |
API Access
Cognizant Technology Solutions Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=CTSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "CTSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=CTSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();