Cognizant Technology Solutions Corp Class A (CTSH)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,794,000 | 3,020,000 | 2,830,000 | 2,096,000 | 2,485,000 |
| Revenue | US$ in thousands | 19,353,000 | 19,428,000 | 18,507,000 | 16,652,000 | 16,783,000 |
| Pretax margin | 14.44% | 15.54% | 15.29% | 12.59% | 14.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,794,000K ÷ $19,353,000K
= 14.44%
The pretax margin of Cognizant Technology Solutions Corp. has shown some variability over the past five years, ranging from a high of 15.54% in 2022 to a low of 12.59% in 2020. The 2023 pretax margin of 14.44% is slightly lower than the previous year, indicating a slight decrease in profitability before accounting for taxes. Despite the fluctuations, the company has maintained relatively healthy pretax margins, suggesting efficient cost management and revenue generation strategies. Further analysis and comparison with industry benchmarks could provide additional insights into the company's financial performance.
Peer comparison
Dec 31, 2023