Crto

CRTO maintains a conservative capital structure with zero debt, resulting in a debt-to-equity ratio of 0.0. The balance sheet holds $342.0 million in cash and equivalents against total liabilities of $1,015.5 million, providing a current liquidity buffer. The company generates $311.2 million in operating cash flow, which exceeds its capital expenditure of $102.7 million, indicating strong internal cash generation capabilities. The market capitalization stands at $1.12 billion, trading at a price-to-book ratio of 0.94, suggesting the market values the company near its tangible book value.

Profitability metrics show a net income of $144.6 million on revenue of $1.94 billion, yielding a net margin of approximately 7.4%. The return on equity is 9.96%, and the return on assets is 5.2%. The enterprise value to EBITDA multiple is 4.69, and the price-to-earnings ratio is 9.75, indicating a valuation that is relatively compressed compared to high-growth tech peers, though specific cohort median comparisons are not provided in the input data. The gross profit of $1.05 billion represents a gross margin of 53.9%, reflecting the typical high-margin structure of software and platform businesses.

Revenue concentration and segment details are not explicitly broken down in the provided financial snapshot, but the total revenue of $1.94 billion suggests a significant scale in the digital advertising market. The company’s activity is unclassified in terms of specific business segments, but the industry code points to Media within Communication Services. Without specific geographic or segment data, the revenue mix is assumed to be diversified across the digital ad-tech landscape, consistent with the company's description.

Growth trajectory analysis is limited by the absence of historical period data in the input. The current revenue of $1.94 billion serves as the baseline for performance evaluation. The operating income of $202.8 million indicates operational leverage, but without year-over-year comparisons, the direction of growth cannot be definitively stated from the provided data alone. The stable share count of 51.15 million basic and diluted shares suggests no recent significant dilution events.

Risk assessment indicates low liquidity risk and low dilution risk, with no immediate filing-based flags detected. The key risk factors are not explicitly detailed beyond the absence of immediate flags, suggesting a stable operational environment. The low confidence in classification (0.20) may introduce uncertainty in peer comparisons, but the financial metrics themselves are clear. The company’s zero debt position mitigates financial risk, while the low dilution risk protects existing shareholders from equity erosion.

Recent events include an 8-K filing with high severity items, specifically item 1.01 (Entry into a Material Definitive Agreement) and item 2.03 (Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant). These filings suggest recent corporate actions that may impact the company’s financial structure or operations. Analyst sentiment is moderately positive, with a mean price target of $26.24 and a mean recommendation of 2.00 (Buy), indicating potential upside from the current market price of $21.82.

This is the first analysis for Criteo S.A. (CRTO), meaning there is no prior basis for computing material changes in the company's profile. Consequently, no significant shifts in operational metrics, financial performance, or strategic direction can be established from a comparative standpoint at this time. The only recorded activity involves minor adjustments to a single holder's position. Specifically, investor ID 587 modified their share count between 94.0 and 105.0 shares as of March 31, 2026. These changes, detected in late June 2026, represent negligible value fluctuations, with the position valued at approximately $0.0017 million to $0.0019 million. In terms of broader market structure, Criteo S.A. currently has no reported officers, analysts, or index memberships. The company's ownership structure is characterized by 18 top holders, though no specific details regarding their identities or influence are provided in the current data set. Given the absence of material changes and the minimal nature of the holder adjustments, there are no immediate implications for investors based on the available facts. The lack of analyst coverage and index membership further suggests limited current visibility in major financial tracking systems.

Criteo generated $1.05 billion in gross profit for FY2025, demonstrating strong top-line efficiency and margin preservation capabilities.

Net income grew at a 44.7% compound annual growth rate from FY2023 to FY2025, showing robust bottom-line expansion.

With a debt-to-equity ratio of 0.88, Criteo maintains a medium leverage band, suggesting manageable financial risk levels.

Revenue declined by 0.6% year-over-year in FY2025, signaling stagnation in top-line growth and potential market saturation.

Operating income fell 25.3% year-over-year in FY2025, reflecting significant pressure on core operational profitability metrics.

The company faces medium dilution risk, which could negatively impact existing shareholder value and earnings per share.

A current ratio of 1.27 suggests limited short-term liquidity buffers compared to more conservative financial standards.

Revenue $424.6M, −5,9% YoY; Operating income −78,4% YoY.

• ▍Revenue $424.6M, −5,9% YoY
• ▍Operating income −78,4% YoY
• ▍Net income −79,4% YoY
• ▍Free cash flow −91,2% YoY
• ▍Net margin 1.8%

Revenue $541.1M, −2,1% YoY; Operating income −23,3% YoY.

• ▍Revenue $541.1M, −2,1% YoY
• ▍Operating income −23,3% YoY
• ▍Net income −33,0% YoY
• ▍Free cash flow −41,7% YoY
• ▍Net margin 8.8%

Revenue $469.7M, +2,4% YoY; Operating income +437,7% YoY.

• ▍Revenue $469.7M, +2,4% YoY
• ▍Operating income +437,7% YoY
• ▍Net income +505,0% YoY
• ▍Free cash flow +332,3% YoY
• ▍Net margin 8.0%

Revenue $482.7M, +2,4% YoY; Operating income −17,6% YoY.

• ▍Revenue $482.7M, +2,4% YoY
• ▍Operating income −17,6% YoY
• ▍Net income −21,3% YoY
• ▍Free cash flow −20,5% YoY
• ▍Net margin 4.4%

Revenue $451.4M; Operating income $48.2M.

• ▍Revenue $451.4M
• ▍Operating income $48.2M
• ▍Net margin 8.4%

Revenue $553.0M; Operating income $94.5M.

• ▍Revenue $553.0M
• ▍Operating income $94.5M
• ▍Net margin 12.9%

Revenue $458.9M; Operating income $9.6M.

• ▍Revenue $458.9M
• ▍Operating income $9.6M
• ▍Net margin 1.4%

Revenue $471.3M; Operating income $36.9M.

• ▍Revenue $471.3M
• ▍Operating income $36.9M
• ▍Net margin 5.7%

Revenue $1.94B, +0,6% YoY; Operating income +33,9% YoY.

• ▍Revenue $1.94B, +0,6% YoY
• ▍Operating income +33,9% YoY
• ▍Net income +29,6% YoY
• ▍Free cash flow +22,7% YoY
• ▍Net margin 7.4%

Revenue $1.93B, −0,8% YoY; Operating income +96,1% YoY.

• ▍Revenue $1.93B, −0,8% YoY
• ▍Operating income +96,1% YoY
• ▍Net income +109,5% YoY
• ▍Free cash flow +244,0% YoY
• ▍Net margin 5.8%

Revenue $1.95B, −3,4% YoY; Operating income +218,1% YoY.

• ▍Revenue $1.95B, −3,4% YoY
• ▍Operating income +218,1% YoY
• ▍Net income +494,9% YoY
• ▍Free cash flow +165,5% YoY
• ▍Net margin 2.7%

Revenue $2.02B, −10,5% YoY; Operating income −84,0% YoY.

• ▍Revenue $2.02B, −10,5% YoY
• ▍Operating income −84,0% YoY
• ▍Net income −93,3% YoY
• ▍Free cash flow −91,2% YoY
• ▍Net margin 0.4%