Saturday 17 October 2026
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Globant S.A.
GLOB Technology Information Technology Services
Globant S.A.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 1.62% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 180.0%, free cash flow grew 476.2% and total debt fell 1.71%, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.
39.37
0.14
+0.36%
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Target Price Range
Analyst price targets
Free accountTen 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 | 22.51 | 30.90 | 42.11 | 50.91 | 70.83 | 188.67 | 155.01 | 135.41 | 151.68 | 54.36 |
Analyst estimates 2026–2028 Powerpack |
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| High | 47.19 | 47.51 | 66.41 | 112.33 | 223.26 | 354.62 | 318.98 | 250.39 | 251.50 | 228.98 | |||||
| People | |||||||||||||||
| People | Employees | 5,631 | 6,753 | 8,384 | 11,855 | 16,251 | 23,526 | 27,122 | 29,150 | 31,280 | 28,773 | ||||
| Revenue/emp, $m | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 | 0.07 | 0.07 | 0.08 | 0.09 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 323 | 413 | 522 | 659 | 814 | 1,297 | 1,780 | 2,096 | 2,416 | 2,455 | ||||
| Gross margin, % | 40.72 | 36.35 | 39.01 | 38.55 | 37.38 | 38.16 | 37.60 | 36.06 | 35.74 | 35.00 | |||||
| EBT | 50 | 39 | 67 | 69 | 77 | 125 | 193 | 198 | 210 | 139 | |||||
| EBT margin, % | 15.55 | 9.32 | 12.92 | 10.47 | 9.40 | 9.63 | 10.83 | 9.45 | 8.71 | 5.67 | |||||
| Net income | 36 | 30 | 52 | 54 | 54 | 96 | 149 | 159 | 169 | 104 | |||||
| Depreciation | 11 | 16 | 21 | 39 | 48 | 80 | 108 | 140 | 163 | 188 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 9.38 | 11.84 | 14.61 | 18.02 | 21.14 | 31.68 | 42.46 | 49.20 | 55.66 | 55.51 | ||||
| Earnings | 1.07 | 0.89 | 1.44 | 1.48 | 1.41 | 2.35 | 3.55 | 3.72 | 3.82 | 2.33 | |||||
| Cash flow | 0.92 | 1.23 | 1.88 | 2.18 | 2.59 | 4.37 | 4.71 | 7.48 | 5.73 | 6.81 | |||||
| Capex | (0.70) | (0.79) | (0.80) | (0.87) | (1.36) | (1.87) | (2.28) | (2.97) | (2.62) | (2.02) | |||||
| Free cash flow | 0.22 | 0.44 | 1.08 | 1.31 | 1.23 | 2.51 | 2.43 | 4.51 | 3.11 | 4.79 | |||||
| Book value | 6.06 | 7.54 | 9.45 | 11.99 | 22.85 | 31.96 | 37.11 | 42.15 | 46.85 | 48.87 | |||||
| Shares, m | 34 | 35 | 36 | 37 | 39 | 41 | 42 | 43 | 43 | 44 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 30.83 | 50.13 | 39.11 | 23.86 | 153.68 | 134.80 | 47.46 | 61.92 | 56.13 | 28.06 | ||||
| P/S | 3.52 | 3.81 | 3.85 | 1.18 | 10.29 | 9.91 | 3.98 | 4.68 | 3.85 | 1.18 | |||||
| P/B | 5.44 | 5.98 | 5.96 | 1.77 | 9.52 | 9.83 | 4.55 | 5.46 | 4.58 | 1.34 | |||||
| EV/Sales | 3.33 | 3.68 | 3.70 | 1.22 | 9.96 | 9.57 | 3.79 | 4.60 | 3.91 | 1.23 | |||||
| EV/FCF | (46.15) | 332.59 | 34.59 | 18.40 | 112.74 | 117.40 | 29.98 | 58.19 | (111.07) | 14.32 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 31 | 43 | 67 | 80 | 100 | 179 | 198 | 319 | 249 | 301 | ||||
| Capex | (24) | (28) | (29) | (32) | (53) | (76) | (95) | (127) | (114) | (89) | |||||
| Free cash flow | 7 | 15 | 38 | 48 | 47 | 103 | 102 | 192 | 135 | 212 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 79 | 82 | 120 | 130 | 330 | 433 | 429 | 259 | 331 | 373 | ||||
| Total debt | 19 | 25 | — | 51 | 26 | 12 | 4 | 159 | 293 | 367 | |||||
| Net debt | (41) | (36) | (86) | (31) | (272) | (448) | (337) | (164) | 136 | 116 | |||||
| Shareholders’ equity | 209 | 263 | 338 | 439 | 880 | 1,308 | 1,556 | 1,796 | 2,033 | 2,162 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 14.13 | 9.51 | 13.01 | 9.60 | 5.49 | 6.05 | 7.30 | 6.44 | 5.64 | 3.18 | ||||
| ROIC | 18.45 | 9.10 | 16.59 | 12.38 | 8.63 | 10.49 | 10.60 | 7.62 | 6.49 | 4.71 | |||||
| ROE | 19.46 | 12.94 | 17.19 | 13.91 | 8.22 | 8.78 | 10.40 | 9.46 | 8.66 | 4.91 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Globant S.A. vs peers in Information Technology Services (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 |
|---|---|---|---|---|---|---|---|---|---|
| DXC DXC Technology Company. | $2.2B | 18.7× | 14.8× | −5.06% (below 0%: shrinking) | +733.33% (above 0%: growing) | +149.64% (above 0%: growing) | 20.37% | 0.53% | Compare |
| INOD Innodata Inc | $2.0B | 36.9× | 94.5× | +57.80% (above 0%: growing) | +86.96% (above 0%: growing) | +4,885.72% (above 0%: growing) | 46.08% | 17.21% | Compare |
| PONY Pony AI Inc. - Sponsored ADR | $1.8B | — (loss-making) | — (loss-making) | +68.82% (above 0%: growing) | n/m | −73.21% (below 0%: shrinking) | 17.53% | (181.51%) | Compare |
| FORTY Formula Systems (1985) Ltd. | $1.8B | 2.7× | 13.9× | +29.82% (above 0%: growing) | +55.10% (above 0%: growing) | +1,330.84% (above 0%: growing) | 20.25% | 9.16% | Compare |
| GLOB Globant S.A. | $1.7B | 15.3× | 10.6× | +0.04% (above 0%: growing) | n/m | +476.16% (above 0%: growing) | 33.89% | 3.23% | |
| CNXC Concentrix Corporation | $1.7B | — (loss-making) | 7.0× | −1.19% (below 0%: shrinking) | n/m | +38.49% (above 0%: growing) | 34.60% | (37.10%) | Compare |
| EFOR Everforth Inc. | $1.6B | 19.7× | 14.3× | −1.33% (below 0%: shrinking) | −47.76% (below 0%: shrinking) | −60.02% (below 0%: shrinking) | 28.26% | 4.08% | Compare |
| KEEL Keel Infrastructure Corp | $1.6B | — (loss-making) | — (loss-making) | −50.04% (below 0%: shrinking) | n/m | −772.56% (below 0%: shrinking) | (285.09%) | (462.62%) | Compare |
| MGRT Mega Fortune Company Limited | $1.4B | — | — | — | — | — | — | — | Compare |
| Median of peers | $1.7B | 19.2× | 14.3× | −1.19% | +71.03% | +38.49% | 20.37% | 0.53% |
Globant S.A. (GLOB) key facts
- Strength: Globant S.A.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 1.62% from fiscal 2024.
- Globant S.A. (GLOB) is an Information Technology Services company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, GLOB traded at $39.37, a market capitalization of $1.7 billion.
- Return on equity was 4.91% and debt-to-equity 0.19.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 2.95 (grey zone) for fiscal 2025.
Globant S.A. (GLOB) Latest News
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