Cognizant Technology Solutions Corp Class A (CTSH)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,892,000 | 2,689,000 | 2,968,000 | 2,826,000 | 2,114,000 |
| Revenue | US$ in thousands | 19,736,000 | 19,353,000 | 19,428,000 | 18,507,000 | 16,652,000 |
| Gross profit margin | 14.65% | 13.89% | 15.28% | 15.27% | 12.70% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,892,000K ÷ $19,736,000K
= 14.65%
The gross profit margin of Cognizant Technology Solutions Corp Class A has shown a generally upward trend over the five-year period from December 31, 2020, to December 31, 2024. The margin increased from 12.70% in 2020 to 15.27% in 2021, and further improved to 15.28% in 2022. However, there was a slight dip in 2023 to 13.89%, before recovering to 14.65% in 2024.
Overall, the company has been able to maintain a relatively healthy gross profit margin, indicating efficient cost management and potentially improving profitability in recent years. Although there was a small setback in 2023, the subsequent recovery suggests that Cognizant Technology Solutions Corp Class A has been successful in effectively managing its cost of goods sold and generating profits from its core business operations.
Peer comparison
Dec 31, 2024