Cognizant Technology Solutions Corporation (CTSH)财务
NASDAQ · Technology · Information Technology Services · 员工356,700人 · CEO Ravi Kumar Singisetti
- 股价
- $65.11 +4.14%
- 市值
- $291亿
- 企业价值
- $297亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-02-03 EPS预期 $1.51
营收(TTM)$219亿+5.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)15.6%-0.2 百分点 对比去年同期营业利润 $34.2亿
净利润(TTM)$25.7亿+20.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$23.6亿-10.9% 对比去年同期资本支出 $3.31亿
稀释EPS(TTM)$5.48+27.1% 对比去年同期最近4个季度之和
净现金-$5.8亿-149.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $291亿 EV $297亿
- 营收
- $219亿 过去12个月
- 营收增速
- +5% FY2026年一致预期
- 净利润率
- 11.8% 净利润 / 营收,TTM
- P/E
- 11.9× 预期 11.3×(FY2026)
- P/S
- 1.3× 股价 / 营收,TTM
- EV / EBITDA
- 7.2× TTM
- 自由现金流
- $23.6亿 过去12个月
- 净利润
- $25.7亿 过去12个月
- 营收预期
- $221亿 FY2026年一致预期
- 盈利
- 2027-02-03 营收预期 $55.6亿
- 股息
- $1.30 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收符合预期,EPS 超预期2.1%营收$56.6亿,预期$56.4亿(+0.3%);EPS $1.49,预期$1.46(+2.1%)。
- 营收增长放缓:同比4.6%Q3 '26营收$56.6亿,此前四个季度的平均值为5.7%。
- 营业利润率15.6%(TTM),较去年同期-0.2 百分点营收增长5.0%,营业利润增长3.9%。
- 资本支出占营收的1.5%(去年为1.4%)最近4个季度投入$3.31亿(同比+12.6%)。自由现金流$23.6亿,相当于净利润的91.8%。
- 股东回报$28.3亿 = 自由现金流的119.8%回购$22.2亿(去年为$11.9亿),股息$6.16亿,股权激励$1.23亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少7.6%Q3 '26稀释股数4.5亿,一年前为4.87亿。
- 净债务 $5.8亿现金 + 短期投资 $15.5亿,含租赁债务 $21.3亿;一年前净现金 $11.8亿。
- Financial Services:营收+12.0%,利润率16.0%(此前为16.8%)Q3 '26增长最快的披露分部:营收$17.7亿,营业利润$2.83亿(来自财报的分部附注)。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $56.6亿 | $54.2亿 | +4.6% |
| 毛利率 | 33.8% | 33.9% | -0.1 百分点 |
| 营业利润 | $8.72亿 | $8.66亿 | +0.7% |
| 营业利润率 | 15.4% | 16.0% | -0.6 百分点 |
| 净利润 | $6.27亿 | $2.74亿 | +128.8% |
| 稀释EPS | $1.39 | $0.56 | +148.2% |
| 经营现金流 | $10亿 | $12.3亿 | -18.2% |
| 资本支出 | $7900万 | $6700万 | +17.9% |
| 自由现金流 | $9.25亿 | $11.6亿 | -20.3% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $5000万 | $4700万 | +6.4% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $56.6亿 | $56.4亿 | +0.3% |
| EPS(一致预期口径) | $1.49 | $1.46 | +2.1% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Financial Services | $17.7亿 | +12.0% | 31.2% | $67.3亿 | +11.8% | |
| Healthcare Segment | $15.9亿 | -1.1% | 28.0% | $63.6亿 | +1.5% | |
| Products and Resources | $13.7亿 | -0.9% | 24.2% | $53.3亿 | +1.3% | |
| Communication, Media and Technology | $9.39亿 | +10.5% | 16.6% | $34.7亿 | +5.0% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $42.6亿 | +5.7% | 75.2% | $164亿 | +5.2% | |
| Europe | $10.6亿 | +1.4% | 18.7% | $41.4亿 | +5.3% | |
| Other Regions | $3.49亿 | +1.2% | 6.2% | $13.3亿 | +1.5% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Financial Services | $17.7亿 | +12.0% | $2.83亿 | +6.8% | 16.0% | 16.8% | $12.9亿 |
| Health Sciences | $15.9亿 | -1.1% | $3.21亿 | +3.2% | 20.2% | 19.4% | $10.9亿 |
| Productsand Resources | $13.7亿 | -0.9% | $1.87亿 | +5.1% | 13.6% | 12.9% | $7.93亿 |
| Communications Media And Technology | $9.39亿 | +10.5% | $1.32亿 | +17.9% | 14.1% | 13.2% | – |
| Communications Mediaand Technology | – | – | – | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $26.9亿
- 资本支出
- -$3.31亿
- 股票回购
- -$22.2亿
- 股息
- -$6.16亿
- 收购
- -$13.1亿
- 债务净发行
- $9.56亿
- 股权激励费用
- $1.23亿
- 自由现金流
- $23.6亿
- 股东回报 / FCF
- 119.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 11.9× | 17.6× | 12.9× – 21.9× |
| EV / EBITDA | 7.2× | 10.5× | 8.0× – 13.7× |
| EV / 营收 | 1.4× | 1.9× | 1.5× – 2.5× |
| 股价 / FCF | 12.3× | 17.9× | 13.2× – 21.1× |
| 股价 / 净资产 | 2.0× | 2.9× | 2.4× – 3.9× |
| FCF收益率 | 8.1% | 5.8% | 4.7% – 7.5% |
| 投入资本回报率 | 14.1% | 13.8% | 12.3% – 15.3% |
| 净资产收益率 | 17.4% | 16.6% | 14.9% – 18.6% |
分析师
一致目标价 $65.75 (+1.0%)
区间 $51.00 – $82.00 · 评级 Buy
强烈买入0
买入23
持有23
卖出5
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $221亿 | +4.8% | $5.77 | +26.8% | 11.3× | 19 |
| FY2027 | $230亿 | +3.9% | $6.27 | +8.7% | 10.4× | 19 |
| FY2028 | $240亿 | +4.4% | $6.78 | +8.0% | 9.6× | 15 |
| FY2029 | $247亿 | +3.2% | $6.26 | -7.6% | 10.4× | 9 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Cognizant Technology Solutions Corporation在近期10-Q / 10-K文件中标记的全部239项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $3.66亿 | $2.84亿 | +28.9% | $3.08亿 | $3.4亿 | -9.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $48.5亿 | $43.9亿 | +10.5% | $44.4亿 | $40.6亿 | +9.4% |
| Accounts Receivable, Allowance for Credit Loss | $2200万 | $2600万 | -15.4% | $2300万 | $2600万 | -11.5% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $400万 | $700万 | -42.9% | $1400万 | $1800万 | -22.2% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $500万 | $700万 | -28.6% | $1100万 | $1200万 | -8.3% |
| Accrued Income Taxes, Current | $1600万 | $3600万 | -55.6% | $1800万 | $1亿 | -82.0% |
| Accrued Liabilities and Other Liabilities | $27亿 | $25.8亿 | +4.8% | $26.6亿 | $26.1亿 | +2.1% |
| Accrued Professional Fees, Current | $2.34亿 | $1.89亿 | +23.8% | $1.93亿 | $1.71亿 | +12.9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $30亿2025-12-31 | $27.9亿 | +7.5% | $30亿 | $27.9亿 | +7.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.04亿 | -$6400万 | -218.8% | -$1.6亿 | -$2.96亿 | +45.9% |
| Additional Paid in Capital | $1100万 | $1400万 | -21.4% | $1200万 | $1300万 | -7.7% |
| Amortization of Intangible Assets | – | – | – | $2.18亿 | $1.88亿 | +16.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $5000万 | $4700万 | +6.4% | $1.81亿 | $1.75亿 | +3.4% |
| Assets | $213亿 | $201亿 | +5.9% | $207亿 | $200亿 | +3.6% |
| Assets, Current | $80.9亿 | $80.9亿 | 0.0% | $78.2亿 | $75亿 | +4.2% |
| Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | – | – | – | $3.84亿2024-12-31 | $1.3亿 | +195.4% |
| Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation | – | – | – | $4800万2024-12-31 | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | $5500万 | – | – | $6300万2024-12-31 | $2000万 | +215.0% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other | $1200万 | – | – | $3300万2024-12-31 | $1200万 | +175.0% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | $8200万 | – | – | $1.94亿2024-12-31 | $1000万 | +1,840.0% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities | – | – | – | $1.01亿2024-12-31 | $2700万 | +274.1% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other | $7300万 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | $7400万 | – | – | $3700万2024-12-31 | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets | – | – | – | $4500万2024-12-31 | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $14亿 | – | – | $17.9亿2024-12-31 | $4.28亿 | +318.5% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities | – | – | – | $3300万2023-12-31 | $400万 | +725.0% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | $1300万 | – | – | – | – | – |
| Capitalized Computer Software, Accumulated Amortization | $2.52亿2025-12-31 | $2.1亿 | +20.0% | $2.52亿 | $2.1亿 | +20.0% |
| Capitalized Computer Software, Amortization | – | – | – | $4300万 | $3600万 | +19.4% |
| Capitalized Computer Software, Gross | $3.77亿2025-12-31 | $3.38亿 | +11.5% | $3.77亿 | $3.38亿 | +11.5% |
| Capitalized Contract Cost, Amortization | $1300万 | $1900万 | -31.6% | -$7800万 | -$8900万 | +12.4% |
| Capitalized Contract Cost, Impairment Loss | $200万 | $0 | – | -$1200万 | -$200万 | -500.0% |
| Capitalized Contract Cost, Net | $2.09亿 | $1.74亿 | +20.1% | $1.61亿 | $2.09亿 | -23.0% |
| Cash and Cash Equivalents, at Carrying Value | $15.2亿 | $23.4亿 | -35.3% | $19亿 | $22.3亿 | -14.8% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $200万 | -$4700万 | +104.3% | -$4700万 | -$1600万 | -193.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $15.2亿 | $23.4亿 | -35.3% | $26.3亿 | $22.3亿 | +18.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $4.77亿 | $5.45亿 | -12.5% | $4.03亿 | -$4.86亿 | +182.9% |
| Common Stock, Dividends, Per Share, Declared | $0.33 | $0.31 | +6.5% | $1.24 | $1.20 | +3.3% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 10亿 | 10亿 | 0.0% | 10亿 | 10亿 | 0.0% |
| Common Stock, Shares, Issued | 4.48亿 | 4.83亿 | -7.2% | 4.79亿 | 4.95亿 | -3.2% |
| Common Stock, Shares, Outstanding | 4.48亿 | 4.83亿 | -7.2% | 4.79亿 | 4.95亿 | -3.2% |
| Common Stock, Value, Issued | $400万 | $500万 | -20.0% | $500万 | $500万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $6.24亿 | $1.67亿 | +273.7% | $23.7亿 | $20.4亿 | +16.1% |
| Contract with Customer, Asset, before Allowance for Credit Loss | $6.9亿 | $5.17亿 | +33.5% | $4.66亿 | $3.86亿 | +20.7% |
| Contract with Customer, Asset, Increase (Decrease) for Contract Acquired in Business Combination | – | – | – | $02024-12-31 | $900万 | -100.0% |
| Contract with Customer, Asset, Reclassified to Receivable | $3200万 | $2800万 | +14.3% | -$3.71亿 | -$2.88亿 | -28.8% |
| Contract with Customer, Liability | $4.44亿 | $4.19亿 | +6.0% | $5.38亿 | $4.8亿 | +12.1% |
| Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination | $02025-12-31 | $0 | – | $0 | $1200万 | -100.0% |
| Contract with Customer, Liability, Revenue Recognized | $2000万 | $2200万 | -9.1% | -$4.16亿 | -$3.8亿 | -9.5% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $37.5亿 | $35.8亿 | +4.7% | $140亿 | $130亿 | +8.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $2.16亿 | – | – |
| Current Federal, State and Local, Tax Expense (Benefit) | – | – | – | $4.26亿2024-12-31 | $5.22亿 | -18.4% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $5.76亿 | $6.42亿 | -10.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $9.31亿 | $10.7亿 | -12.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.39亿 | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3.02亿 | – | – |
| Deferred Federal, State and Local, Tax Expense (Benefit) | – | – | – | -$2.29亿2024-12-31 | -$3.54亿 | +35.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $2100万 | -$1.26亿 | +116.7% |
| Deferred Income Tax Assets, Net | $7.35亿 | $8.44亿 | -12.9% | $9.67亿 | $12.5亿 | -22.5% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-02