Cognizant Technology Solutions Corp Class A (CTSH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,126,000 | 2,290,000 | 2,137,000 | 1,392,000 | 1,842,000 |
| Revenue | US$ in thousands | 19,353,000 | 19,428,000 | 18,507,000 | 16,652,000 | 16,783,000 |
| Net profit margin | 10.99% | 11.79% | 11.55% | 8.36% | 10.98% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,126,000K ÷ $19,353,000K
= 10.99%
The net profit margin of Cognizant Technology Solutions Corp. has exhibited fluctuations over the past five years. In 2023, the net profit margin was 10.99%, which decreased from the previous year's margin of 11.79% in 2022. Despite this decrease, the company's net profit margin remained relatively stable compared to 2021 when it was 11.55%.
Looking further back, in 2020, the net profit margin was lower at 8.36%, indicating a decrease in profitability compared to the subsequent years. However, the net profit margin rebounded in 2019 to 10.98%, aligning closely with the 2023 figures.
Overall, the trend in Cognizant's net profit margin indicates some variability, with fluctuations occurring between the range of 8.36% to 11.79% over the past five years. It is essential for stakeholders to continue monitoring the company's profitability performance to understand the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023