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Cognizant Valuation Multiples
Discover Cognizant's revenue and EBITDA valuation multiples, acquisitions, and investment history, alongside public comparables like Verisk Analytics, DCI Indonesia, TD Synnex, SGS and more.
Cognizant Overview
About Cognizant
Cognizant Technology Solutions is a multinational IT services provider that offers a range of consulting and business process outsourcing services. Originally founded in India, the company is headquartered in the US and serves enterprise customers spanning the financial services, healthcare, and resources industries. With most of its workforce located in India, Cognizant leverages a global delivery model that helps clients outsource their IT needs to offshore labor.
Founded
1988
HQ

Employees
351.6K
Website
Financials (LTM)
EV
$24B
Valuation Multiples
Start free trialCognizant Financials
Cognizant reported last 12-month revenue of $22B and EBITDA of $4B.
In the same LTM period, Cognizant generated $7B in gross profit, $4B in EBITDA, and $2B in net income.
Revenue (LTM)
Cognizant P&L
In the most recent fiscal year, Cognizant reported revenue of $21B and EBITDA of $4B.
Cognizant is profitable as of last fiscal year, with gross margin of 34%, EBITDA margin of 19%, and net margin of 11%.
Financial data powered by Morningstar, Inc.
Cognizant Stock Performance
Cognizant has current market cap of $25B, and enterprise value of $24B.
Market Cap Evolution
Cognizant's stock price is $52.17.
Cognizant share price decreased by 6.4% in the last 30 days, and by 33.1% in the last year.
Cognizant has an EPS (earnings per share) of $4.71.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $24B | $25B | 0.0% | -6.4% | -15.0% | -33.1% | $4.71 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialCognizant Valuation Multiples
Cognizant trades at 1.1x EV/Revenue multiple, and 6.1x EV/EBITDA.
EV / Revenue (LTM)
Cognizant Financial Valuation Multiples
As of June 14, 2026, Cognizant has market cap of $25B and EV of $24B.
Cognizant has a P/E ratio of 10.2x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cognizant Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Cognizant Margins & Growth Rates
Cognizant grew revenue by 6% and EBITDA by 1% in the last fiscal year.
In the most recent fiscal year, Cognizant reported gross margin of 34%, EBITDA margin of 19%, and net margin of 11%.
Cognizant Margins
Cognizant Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Cognizant Operational KPIs
Cognizant's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Cognizant's Rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cognizant's Rule of X is 33% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Data powered by FactSet, Inc. and Morningstar, Inc.
Cognizant Competitors
Cognizant competitors include Verisk Analytics, DCI Indonesia, TD Synnex, SGS, Fidelity Information Services, Wipro, Equifax, Capgemini, Experian and HCLTech.
Most Cognizant public comparables operate across IT Consulting, BPO Services and Business Consulting.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 9.2x | 9.0x | 16.3x | 16.0x | |||
| 177.9x | - | 354.7x | - | |||
| 0.4x | 0.4x | 13.5x | 12.2x | |||
| 2.8x | 2.8x | 12.5x | 12.2x | |||
| 3.8x | 3.4x | 9.4x | 8.1x | |||
| 1.6x | 1.6x | 7.4x | 8.2x | |||
| 4.1x | 3.9x | 12.7x | 12.1x | |||
| 1.0x | 1.0x | 6.2x | 6.1x | |||
This data is available for Pro users. Sign up to see all Cognizant competitors and their valuation data. Start Free Trial | ||||||
Acquisitions by Cognizant
Cognizant has acquired 50 companies to date.
Last acquisition by Cognizant was on April 28th 2026. Cognizant acquired Astreya for $600M (EV/Revenue multiple available to Pro users).
Latest Acquisitions by Cognizant
| Description | Astreya is a global IT services company delivering talent outsourcing and infrastructure solutions. Headquartered in Santa Clara, California, it employs professionals across more than 30 countries to serve clients like Apple, Google, and Meta in digital transformation projects including data centers and managed services. | 3Cloud is a Chicago-based Microsoft Gold Partner specializing in Azure cloud services for strategy, migration, implementation, and managed operations. The firm assists enterprises with data analytics, AI integration, security, and infrastructure modernization on the Azure platform. It holds multiple Azure advanced specializations in compute, data, and security. 3Cloud supports clients across industries like manufacturing, finance, and healthcare in optimizing cloud workloads for performance and cost efficiency. | Belcan is a Cincinnati-headquartered engineering services provider supporting aerospace, defense, automotive, and industrial sectors worldwide. Founded in 1981, the company delivers design, software engineering, manufacturing support, supply chain management, and IT solutions. It staffs over 10,000 engineers for clients including Boeing, Lockheed Martin, and Ford. | Thirdera is a digital services firm that implements ServiceNow platforms for enterprise workflow automation. Cary, North Carolina-headquartered Thirdera delivers consulting, implementation, and managed services for IT service management, customer service, and HR operations. The company serves over 250 clients worldwide, including Coca-Cola and Panasonic, through its APAC CX practice in Sydney and EMEA operations in London. Founded in 2021 from Accenture's ServiceNow business, Thirdera employs more than 1,000 specialists globally. | |
| HQ Country | |||||
| HQ City | San Jose, CA | - | Cincinnati, OH | Denver, CO | |
| Deal Date | 28 Apr 2026 | 13 Nov 2025 | 10 Jun 2024 | 13 Dec 2023 | |
| Valuation | $600M | undisclosed | $1B | $430M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Cognizant acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Cognizant
Cognizant has invested in 4 companies to date.
Latest investment by Cognizant was on July 24th 2020. Cognizant invested in Welltok in their $10M Series E round (EV/Revenue multiple available to Pro users).
Latest Investments by Cognizant
| Description | Welltok is an enterprise SaaS company headquartered in Denver, Colorado, offering a consumer activation platform for the healthcare sector. Founded in 2009, it equips health plans, employers, providers, and public entities with tools to deliver personalized health resources. The platform simplifies consumer actions toward better health and wellbeing through targeted engagement strategies. Welltok serves organizations nationwide, emphasizing data-driven connections between consumers and improvement opportunities. | Rx.Health is a New York-based digital medicine platform spun off from Mount Sinai Health System in 2016. The RxUniverse system allows providers to prescribe mobile apps, wearables, educational videos, and therapeutics at the point of care. Deployed across clinical departments like cardiology and oncology, it integrates with electronic health records for over 20 evidence-based digital tools used by thousands of patients annually. | Cybrary is an online learning platform offering cybersecurity and IT training courses from industry experts. It features hands-on labs, capture-the-flag challenges, skill assessments, and a Teams product for corporate training and talent recruitment. Cyber companies contribute content to the catalog accessible anytime via web and mobile. | AgEagle Aerial Systems Inc is actively engaged in designing and delivering drones, sensors and software that solve important problems for its customers. It designs, produces, distributes, and supports technologically advanced small unmanned aerial systems (UAVs) that it offers for sale commercially to the precision agriculture industry. Its segments include Drones, Sensors and Software-as-a-Service (SaaS). The company's majority revenue is derived primarily through sensors. | |
| HQ Country | |||||
| HQ City | Denver, CO | New York City, NY | Riverdale, NJ | Washington, DC | |
| Deal Date | 24 Jul 2020 | 5 Sep 2018 | 12 Sep 2017 | 17 Jan 2017 | |
| Round | Series E | Seed | Series A | Series B | |
| Raised | $10M | $2M | $4M | $22M | |
| Investors | Grupo SURA; Silicon Valley Bank; Cognizant | Cognizant; GSR Ventures; Gyan Kapur; Mount Sinai Innovation Partners | Arthur Ventures; Cognizant; Ron Gula | Cognizant; PSP Capital Partners; The Flying Object | |
| Valuation | $860M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Cognizant investments and their VC round multiples. Start Free Trial | |||||
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Start Free TrialAbout Cognizant
| When was Cognizant founded? | Cognizant was founded in 1988. |
| Where is Cognizant headquartered? | Cognizant is headquartered in United States. |
| How many employees does Cognizant have? | As of today, Cognizant has over 351K employees. |
| Who is the CEO of Cognizant? | Cognizant's CEO is Ravi Kumar Singisetti. |
| Is Cognizant publicly listed? | Yes, Cognizant is a public company listed on Nasdaq. |
| What is the stock symbol of Cognizant? | Cognizant trades under CTSH ticker. |
| When did Cognizant go public? | Cognizant went public in 1998. |
| Who are competitors of Cognizant? | Cognizant main competitors include Verisk Analytics, DCI Indonesia, TD Synnex, SGS, Fidelity Information Services, Wipro, Equifax, Capgemini, Experian, HCLTech. |
| What is the current market cap of Cognizant? | Cognizant's current market cap is $25B. |
| What is the current revenue of Cognizant? | Cognizant's last 12 months revenue is $22B. |
| What is the current revenue growth of Cognizant? | Cognizant revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Cognizant? | Current revenue multiple of Cognizant is 1.1x. |
| What is the current EBITDA of Cognizant? | Cognizant's last 12 months EBITDA is $4B. |
| What is Cognizant's EBITDA margin? | Cognizant's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Cognizant? | Current EBITDA multiple of Cognizant is 6.1x. |
| What is the current FCF of Cognizant? | Cognizant's last 12 months FCF is $3B. |
| What is Cognizant's FCF margin? | Cognizant's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Cognizant? | Current FCF multiple of Cognizant is 9.7x. |
| How many companies Cognizant has acquired to date? | As of June 2026, Cognizant has acquired 50 companies. |
| What was the largest acquisition by Cognizant? | $3B acquisition of Cognizant on 15th September 2014 was the largest M&A Cognizant has done to date. |
| What companies Cognizant acquired? | Cognizant acquired Cognizant, Belcan, Astreya, Softvision, Bolder Healthcare Solutions, Thirdera, Collaborative Solutions, Servian, Mobica, New Signature, and 40 other companies. |
| In how many companies Cognizant has invested to date? | As of June 2026, Cognizant has invested in 4 companies. |
| What was the last Cognizant investment? | On 24th July 2020 Cognizant invested in Welltok, participating in a $10M Series E round at $860M valuation, alongside Grupo SURA and Silicon Valley Bank. |
| In what companies Cognizant invested in? | Cognizant invested in AgEagle Aerial Sys, Welltok, Cybrary, and Rx.Health. |
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