Pricing Log in Create free account
Friday 6 November 2026 Export CRTO’s income statement to Excel — free account

Criteo S.A.

CRTO Communication Services Advertising Agencies

Criteo S.A.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 0.60% from fiscal 2024.

Revenue
−11.3%
EPS
−84.7%
Free cash flow
−68.7%
Total debt
−28.2%

Quarter to September 2026, against a year earlier

15.42 0.04 +0.26%
Market cap
$858.7M
P/E
10.9×
Fwd P/E
8.2×
Dividend yield
—
F-score
9/9
Altman Z
2.36
Beneish M
−2.99
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.09
Sold, $m 1.54
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — — — — — — — —
Sell 1 — 2 2 — 2 2 — 8 2 1 —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 858.67
Revenue ttm 1,810.26
Net income ttm 72.83
Free cash flow ttm 131.78
Net debt Q (270.64)
Valuation
P/E 10.90
Forward P/E 8.15
Price / sales 0.41
Forward P/S Powerpack
Price / FCF 5.59
Price / book 0.64
Financial health
Current ratio Q 1.29
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 10.89
Growth
Revenue growth Q −11.33% (below 0%: shrinking)
Operating income growth Q −59.42% (below 0%: shrinking)
EPS, this year −27.80% (below 0%: weak)
EPS, next year A +19.54% (at or above 15%: strong)
Revenue, next year A −39.57% (below 0%: weak)
EPS, past 5 yrs +17.88% (at or above 15%: strong)
EPS, next 5 yrs A −2.44% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 0.6×; over the ten years it ranged from 0.0× in 2020 to 1.7× in 2017.
P/E against its own 10 years 19.92%
10-year low 10-year high
P/S against its own 10 years 7.63%
10-year low 10-year high
P/B against its own 10 years 3.01%
10-year low 10-year high
EV/Sales against its own 10 years 8.77%
10-year low 10-year high
EV/FCF against its own 10 years 13.61%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 417 317 365 —
Receivables 847 856 653 —
Inventory — — — —
Other 48 51 53 —
1,312 1,224 1,072 885
2023 2024 2025 Q'26
Payables 839 803 566 465
ST’ Debt 3 3 11 —
Other 219 161 192 —
1,140 1,047 845 689

Compound Annual Growth %

10y 5y 3y
Sales 3.93% (1.26%) (1.21%)
Cash Flow 8.54% 10.92% 6.73%
Earnings 9.28% 15.07% 152.79%
Book Value 9.49% 0.57% 3.13%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.55 Actual 0.43

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.36 1.30 Miss by 0.06
Q1 FY26 0.57 0.73 Beat by 0.16
Q2 FY26 0.72 0.80 Beat by 0.08
Q3 FY26 0.55 0.43 Miss by 0.12
Q4 FY26 1.31 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.15 0.22 0.11 — —
’25 0.66 0.39 0.70 0.90 2.64
’24 0.14 0.46 0.11 1.23 1.90
’23 (0.20) (0.05) 0.12 1.02 0.88
’22 0.32 (0.55) 0.10 0.25 0.14
’21 0.35 0.23 0.37 1.15 2.09
’20 0.25 0.09 0.09 0.73 1.16
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 425 428 416 — —
’25 451 483 470 541 1,945
’24 450 471 459 553 1,933
’23 445 469 469 566 1,949
’22 511 495 447 564 2,017
’21 541 551 509 653 2,254
’20 503 438 470 661 2,073
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 48 20 57 — —
’25 62 (1) 90 161 311
’24 14 17 58 169 258
’23 42 1 20 161 224
’22 75 14 42 125 256
’21 77 26 51 66 221
’20 57 33 51 44 185
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 16 (38) 21 — —
’25 45 (36) 67 134 211
’24 1 (4) 39 146 182
’23 9 (44) 4 142 110
’22 69 (1) 21 111 200
’21 64 13 35 56 168
’20 45 15 38 22 120
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,799 2,297 2,300 2,262 2,073 2,254 2,017 1,949 1,933 1,945 1,810 +0.9% 1,175 1,213 1,255 (13.6%)
Gross margin, % 35.85 35.68 36.27 36.66 33.20 34.69 39.42 44.27 50.84 53.96 52.48 +18.1 pt
EBT 120 128 142 135 107 154 42 75 154 204 122 +6.0%
EBT margin, % 6.70 5.59 6.17 5.99 5.16 6.82 2.09 3.83 7.99 10.47 6.77 +3.8 pt
Net income 87 97 96 96 75 138 11 55 115 149 73 +6.1%
Per share, $
Per share, $ Revenue 28.41 35.26 34.61 35.17 34.05 37.13 33.61 34.71 35.27 36.74 37.04 +2.9%
Earnings 1.30 1.40 1.33 1.41 1.18 2.21 0.15 0.95 2.04 2.73 1.41 +8.6%
Cash flow 2.42 3.77 3.92 3.47 3.04 3.64 4.27 3.99 4.71 5.88 5.86 +10.4%
Capex (1.22) (1.67) (1.89) (1.52) (1.08) (0.87) (0.93) (2.04) (1.40) (1.90) (3.16) +5.0%
Free cash flow 1.20 2.10 2.04 1.94 1.97 2.77 3.34 1.96 3.31 3.98 2.70 +14.2%
Book value 9.63 13.78 14.56 16.14 18.94 19.74 18.02 19.79 19.72 22.40 24.20 +9.8%
Shares, m 63 65 66 64 61 61 60 56 55 53 50 (2.0%)
Valuation, ×
Valuation, × P/E 32.46 18.91 16.96 12.20 17.38 17.51 159.10 25.93 19.25 7.55 10.90 32.7
P/S 1.47 0.74 0.66 0.49 0.60 1.05 0.77 0.71 1.12 0.56 0.41 0.8
P/B 4.35 1.89 1.56 1.07 1.08 1.97 1.44 1.24 2.01 0.92 0.64 1.8
EV/Sales 1.37 0.56 0.50 0.31 0.37 0.80 0.57 0.50 0.96 0.38 0.27 0.6
EV/FCF 32.43 9.41 8.50 5.61 6.37 10.69 5.77 8.82 10.22 3.49 3.58 10.1
Cash, $m
Cash, $m Operating cash flow 153 245 261 223 185 221 256 224 258 311 286 +8.2%
Capex (77) (109) (125) (98) (65) (53) (56) (114) (77) (101) (154) +3.0%
Free cash flow 76 137 135 125 120 168 200 110 182 211 132 +12.0%
Balance, $m
Balance, $m Working capital 223 371 329 390 464 592 181 172 178 227 196 +0.2%
Net debt (185) (410) (361) (414) (485) (565) (398) (414) (313) (354) (271) +7.5%
Shareholders’ equity 610 898 968 1,038 1,153 1,198 1,081 1,111 1,081 1,186 1,183 +7.7%
Returns, %
Returns, % ROA 8.02 6.65 5.67 5.36 3.93 7.01 0.41 2.25 4.79 6.47 3.53 (1.5) pt
ROIC 17.79 17.68 15.15 14.15 10.18 14.98 2.22 6.92 12.32 15.24 6.28 (2.5) pt
ROE 15.11 12.10 9.50 9.05 6.54 11.44 0.79 4.86 10.18 12.76 6.14 (2.4) pt
People
People Employees 2,503 2,764 2,744 2,755 2,594 2,781 3,716 3,563 3,507 3,649 — +4.3%
Revenue/emp, $m 0.72 0.83 0.84 0.82 0.80 0.81 0.54 0.55 0.55 0.53 — (3.3%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Criteo S.A. vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DV DoubleVerify Holdings, Inc. $2.1B 33.9× 30.0× +9.02% (above 0%: growing) +66.67% (above 0%: growing) +16.98% (above 0%: growing) 81.26% 13.78% Compare
ZD Ziff Davis, Inc. $1.9B 3.1× 2.8× −18.59% (below 0%: shrinking) +2,623.81% (above 0%: growing) +100.30% (above 0%: growing) 84.06% (15.60%) Compare
QNST QuinStreet, Inc. $1.2B 14.3× 15.7× +42.67% (above 0%: growing) +450.00% (above 0%: growing) +84.60% (above 0%: growing) 13.32% 5.11% Compare
CRTO Criteo S.A. $858.7M 10.9× 8.2× −11.33% (below 0%: shrinking) −84.72% (below 0%: shrinking) −68.68% (below 0%: shrinking) 49.86% 5.03%
EVC Entravision Communications Corporation $692.2M 21.7× — (loss-making) +87.61% (above 0%: growing) n/m +128.54% (above 0%: growing) 0.00% 12.50% Compare
NEXN Nexxen International Ltd. Sponsored ADR $510.8M 30.7× 18.2× +10.52% (above 0%: growing) −57.14% (below 0%: shrinking) +290.91% (above 0%: growing) 81.30% 4.14% Compare
ADV Advantage Solutions Inc. $412.4M — (loss-making) — (loss-making) +1.80% (above 0%: growing) n/m −56.17% (below 0%: shrinking) 11.87% 0.19% Compare
PERI Perion Network Ltd $370.4M — (loss-making) 435× −4.60% (below 0%: shrinking) n/m −88.36% (below 0%: shrinking) 88.66% (8.19%) Compare
TJGC TJGC Group Limited $322.1M — — — — −1,699.18% (below 0%: shrinking) — — Compare
Median of peers $601.5M 21.7× 18.2× +9.02% +258.34% +50.79% 81.26% 4.14%

All 41 Advertising Agencies stocks →

Pay and ownership Proxy statement filed 8 May 2026

Ownership

Directors and executive officers, together 1.52%
Neuberger Berman Group LLC 15.88%
DNB Asset Management AS 10.95%
Morgan Stanley 8.93%
Senvest Management LLC 8.13%
Barclays PLC 6.06%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Criteo S.A. (CRTO) Latest News

4 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · PR Newswire
Impact 3 · · PR Newswire

29 Oct

Impact 4 · · PR Newswire

21 Oct

Impact 3 · · PR Newswire

16 Oct

Impact 3 · · usatoday.com

5 Oct

Impact 4 · · PR Newswire

27 Sep

Impact 3 · · Simply Wall St.

16 Sep

Impact 3 ·

5 Aug

Impact 4 ·
Impact 4 · · MarketBeat transcript
Impact 4 ·

29 Jul

Impact 3 ·
Impact 3 ·

10 Jul

Impact 3 · · The Motley Fool

6 Jul

Impact 5 ·
Impact 5 · · Stocktwits
Impact 4 · · mediapost.com
Impact 3 ·

5 Jul

Impact 3 ·

23 Jun

Impact 4 · · Business Wire

9 Jun

Impact 3 · · PR Newswire
Impact 3 · · PR Newswire

7 May

Impact 4 · · The Motley Fool transcript

6 May

Impact 4 · · MarketBeat
Impact 4 · · qz.com
Impact 4 · · PR Newswire

30 Apr

Impact 3 · · ACCESS Newswire

21 Apr

Impact 4 · · Insider Monkey
stockrow.com/CRTO · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com