Cognizant vs Kyndryl Holdings
Cognizant is the larger business, with $21.11bn of revenue in fiscal 2025 against $15.09bn for Kyndryl Holdings (1.4 times as much). Cognizant grew faster (7.0% against 0.2%). Cognizant kept more of each dollar of sales as profit: a net margin of 10.6% against 1.3%. Cognizant carries less debt relative to equity (3.8% against 552.5%).
| Latest fiscal year | CognizantCTSH, 2025 | Kyndryl HoldingsKD, 2026 |
|---|---|---|
| Revenue | $21.11bn | $15.09bn |
| Revenue growth | 7.0% | 0.2% |
| Net income | $2.23bn | $198m |
| Operating margin | 16.1% | — |
| Net margin | 10.6% | 1.3% |
| Return on equity | 15.2% | 16.5% |
| Free cash flow | $2.60bn | $340m |
| Cash | $1.90bn | $2.62bn |
| Total debt | $576m | $6.49bn |
| Debt to equity | 3.8% | 552.5% |
| Dividend per share | $1.24 | — |
| Dividend yield | 2.1% | — |
| Share buybacks | $1.38bn | $304m |
| Employees | 351,600 | 72,000 |
| Market value | $28.54bn | $2.89bn |
| Price vs our value range | Below our value range | — |
| Moat score | 71 (Strong) | 10 (Weak) |
| Insider trades, 12 months | 1 buys, 33 sales | 0 buys, 1 sales |