Cognizant vs DXC Technology
Cognizant is the larger business, with $21.11bn of revenue in fiscal 2025 against $12.64bn for DXC Technology (1.7 times as much). Cognizant grew faster (7.0% against -1.8%). Cognizant kept more of each dollar of sales as profit: a net margin of 10.6% against 0.1%. Cognizant carries less debt relative to equity (3.8% against 120.8%).
| Latest fiscal year | CognizantCTSH, 2025 | DXC TechnologyDXC, 2026 |
|---|---|---|
| Revenue | $21.11bn | $12.64bn |
| Revenue growth | 7.0% | -1.8% |
| Net income | $2.23bn | $18.0m |
| Operating margin | 16.1% | 7.7% |
| Net margin | 10.6% | 0.1% |
| Return on equity | 15.2% | 0.6% |
| Free cash flow | $2.60bn | $1.04bn |
| Cash | $1.90bn | $1.74bn |
| Total debt | $576m | $3.55bn |
| Debt to equity | 3.8% | 120.8% |
| Dividend per share | $1.24 | — |
| Dividend yield | 2.1% | — |
| Share buybacks | $1.38bn | $249m |
| Employees | 351,600 | 115,000 |
| Market value | $28.54bn | $2.25bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 71 (Strong) | 39 (Weak) |
| Insider trades, 12 months | 1 buys, 33 sales | 3 buys, 3 sales |