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. In the quarter to June 2026, revenue fell 11.3%, EPS fell 42.5%, free cash flow fell 3.42% and total debt fell 28.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

15.34 0.42 −2.66%
Market cap
$879.9M
P/E
7.6×
Fwd P/E
8.2×
Dividend yield
—
F-score
9/9
Altman Z
2.36
Beneish M
−2.99
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.35
Total sells 1.83
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 3 — — — 1 — — — — — — —
Sell 3 1 — 2 2 — 2 2 — 8 2 —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 879.88
Revenue 1,863.45
Net Income 106.78
Free Cash Flow 180.02
Net Debt (270.64)
Current Ratio 1.29
Debt/Equity 0.01 (at or below 0.5: strong)
P/E ratio 7.59
Fwd P/E 8.15
P/S ratio 0.41
P/B ratio 0.65
Past 5Y EPS Growth 17.88% (at or above 15%: strong)
This Y EPS Growth (24.40%) (below 0%: weak)
Next Y EPS Growth 18.76% (at or above 15%: strong)
Next Y revenue growth (39.57%) (below 0%: weak)
Next 5Y EPS Growth (0.63%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 7.58%
10-year low 10-year high
P/S against its own 10 years 7.00%
10-year low 10-year high
P/B against its own 10 years 2.58%
10-year low 10-year high
EV/Sales against its own 10 years 8.33%
10-year low 10-year high
EV/FCF against its own 10 years 5.05%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 417 317 365 280
Receivables 847 856 653 530
Inventory — — — —
Other 48 51 53 63
1,312 1,224 1,072 873
2023 2024 2025 Q'26
Payables 839 803 566 457
ST’ Debt 3 3 11 10
Other 219 161 192 154
1,140 1,047 845 678

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%

Revenue $m

Mar Jun Sep Dec Year
’26 425 428 — — —
’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 — — —
’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) — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.15 0.22 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 24.23 22.00 19.13 15.90 5.89 17.64 20.56 22.10 23.87 19.00

Analyst estimates 2026–2028

Powerpack
High 47.81 56.00 36.66 30.85 22.48 46.65 39.40 36.76 49.93 47.27
People
People Employees 2,503 2,764 2,744 2,755 2,594 2,781 3,716 3,563 3,507 3,649
Revenue/emp, $m 0.72 0.83 0.84 0.82 0.80 0.81 0.54 0.55 0.55 0.53
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
Gross margin, % 35.85 35.68 36.27 36.66 33.20 34.69 39.42 44.27 50.84 53.96
EBT 120 128 142 135 107 154 42 75 154 204
EBT margin, % 6.70 5.59 6.17 5.99 5.16 6.82 2.09 3.83 7.99 10.47
Net income 87 97 96 96 75 138 11 55 115 149
Depreciation 63 104 112 97 107 91 150 72 88 129
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
Earnings 1.30 1.40 1.33 1.41 1.18 2.21 0.15 0.95 2.04 2.73
Cash flow 2.42 3.77 3.92 3.47 3.04 3.64 4.27 3.99 4.71 5.88
Capex (1.22) (1.67) (1.89) (1.52) (1.08) (0.87) (0.93) (2.04) (1.40) (1.90)
Free cash flow 1.20 2.10 2.04 1.94 1.97 2.77 3.34 1.96 3.31 3.98
Book value 9.63 13.78 14.56 16.14 18.94 19.74 18.02 19.79 19.72 22.40
Shares, m 63 65 66 64 61 61 60 56 55 53
Valuation, ×
Valuation, × P/E 32.46 18.91 16.96 12.20 17.38 17.51 159.10 25.93 19.25 7.55
P/S 1.47 0.74 0.66 0.49 0.60 1.05 0.77 0.71 1.12 0.56
P/B 4.35 1.89 1.56 1.07 1.08 1.97 1.44 1.24 2.01 0.92
EV/Sales 1.37 0.56 0.50 0.31 0.37 0.80 0.57 0.50 0.96 0.38
EV/FCF 32.43 9.41 8.50 5.61 6.37 10.69 5.77 8.82 10.22 3.49
Cash, $m
Cash, $m Operating cash flow 153 245 261 223 185 221 256 224 258 311
Capex (77) (109) (125) (98) (65) (53) (56) (114) (77) (101)
Free cash flow 76 137 135 125 120 168 200 110 182 211
Balance, $m
Balance, $m Working capital 223 371 329 390 464 592 181 172 178 227
Total debt 86 4 4 4 3 1 0 3 4 11
Net debt (185) (410) (361) (414) (485) (565) (398) (414) (313) (354)
Shareholders’ equity 610 898 968 1,038 1,153 1,198 1,081 1,111 1,081 1,186
Returns, %
Returns, % ROA 8.02 6.65 5.67 5.36 3.93 7.01 0.41 2.25 4.79 6.47
ROIC 17.79 17.68 15.15 14.15 10.18 14.98 2.22 6.92 12.32 15.24
ROE 15.11 12.10 9.50 9.05 6.54 11.44 0.79 4.86 10.18 12.76
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
STGW Stagwell Inc. $2.2B 128× 20.8× +11.25% (above 0%: growing) n/m −53.97% (below 0%: shrinking) 34.24% 1.47% Compare
DV DoubleVerify Holdings, Inc. $2.1B 37.5× 21.3× +2.52% (above 0%: growing) +60.00% (above 0%: growing) +63.97% (above 0%: growing) 83.24% 11.88% Compare
ZD Ziff Davis, Inc. $2.0B 3.2× 18.8× −2.74% (below 0%: shrinking) +2,623.81% (above 0%: growing) +100.30% (above 0%: growing) 84.06% (15.60%) Compare
QNST QuinStreet, Inc. $932.2M 11.4× 12.0× +42.67% (above 0%: growing) +450.00% (above 0%: growing) +84.60% (above 0%: growing) 13.32% 5.11% Compare
CRTO Criteo S.A. $879.9M 7.6× 8.2× −11.32% (below 0%: shrinking) −42.50% (below 0%: shrinking) −3.42% (below 0%: shrinking) 51.92% 3.51%
EVC Entravision Communications Corporation $615.6M 211× — (loss-making) +126.24% (above 0%: growing) n/m +294.23% (above 0%: growing) 26.04% 13.15% Compare
NEXN Nexxen International Ltd. Sponsored ADR $514.3M 30.4× 18.1× +10.52% (above 0%: growing) −57.14% (below 0%: shrinking) +290.91% (above 0%: growing) 81.30% 4.14% Compare
QUOT Quotient Technology Inc. $397.9M — (loss-making) — (loss-making) −5.12% (below 0%: shrinking) n/m −89.94% (below 0%: shrinking) 47.07% (20.46%) Compare
ADV Advantage Solutions Inc. $376.5M — (loss-making) — (loss-making) +1.80% (above 0%: growing) n/m −56.17% (below 0%: shrinking) 11.87% 0.19% Compare
Median of peers $773.9M 33.9× 18.8× +6.52% +255.00% +74.29% 40.65% 2.81%

All 42 Advertising Agencies stocks →

Criteo S.A. (CRTO) key facts

  • Strength: Criteo S.A.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 0.60% from fiscal 2024.
  • Criteo S.A. (CRTO) is an Advertising Agencies company in the Communication Services sector, traded in the US as an ADR.
  • As of October 16, 2026, CRTO traded at $15.34, a market capitalization of $879.9 million.
  • Return on equity was 12.8% and debt-to-equity 0.01.
  • Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 2.36 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Criteo S.A. (CRTO) Latest News

7 May

Impact 4 · transcript

2 Feb

stockrow.com/CRTO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com