12 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 1.3% per year over the past 5 years.
Net income has grown faster than revenue (15.8% vs -1.3% per year).
Operating margin has expanded, at 10.4% in the latest year.
Free cash flow has grown 2.8% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-30.4% vs -1.3% per year).
Operating income covered interest expense 82× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.9B
$149M
54.0%
10.4%
13.0%
6.8%
$208M
—
$342M
2024
$1.9B
$115M
50.8%
7.8%
11.0%
5.1%
$180M
—
$291M
2023
$1.9B
$55M
44.3%
4.0%
5.1%
2.3%
$108M
—
$336M
2022
$2.0B
$11M
39.4%
1.2%
1.0%
0.5%
$192M
—
$348M
2021
$2.3B
$138M
34.7%
6.7%
11.9%
7.0%
—
—
$516M
2020
$2.1B
$72M
33.2%
5.3%
6.4%
3.9%
—
$2M
$488M
2019
$2.3B
$91M
36.7%
6.2%
9.0%
5.1%
—
$2M
$419M
2018
$2.3B
$89M
36.3%
6.4%
9.4%
5.6%
—
$3M
$364M
2017
$2.3B
$91M
35.7%
6.0%
10.3%
6.0%
—
$3M
$414M
2016
$1.8B
$82M
35.8%
6.7%
13.7%
6.8%
—
$83M
$270M
2015
—
$60M
—
—
12.6%
7.1%
—
$9M
$354M
2014
—
$46M
—
—
—
—
—
$13M
$352M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$428M
$11M
51.9%
3.5%
1.0%
0.6%
-$38M
—
$252M
Mar '26
$425M
$8M
52.5%
2.4%
0.7%
0.4%
$15M
—
$320M
Jun '25
$483M
$21M
53.6%
6.3%
2.0%
1.0%
-$37M
—
$206M
Mar '25
$451M
$38M
52.5%
10.7%
3.6%
1.8%
$45M
—
$286M
Dec '24
$553M
$71M
54.4%
17.1%
6.8%
3.1%
—
—
$291M
Sep '24
$459M
$6M
50.5%
2.1%
0.6%
0.3%
—
—
$209M
Jun '24
$471M
$27M
49.4%
7.8%
2.6%
1.2%
-$4M
—
$217M
Mar '24
$450M
$7M
48.3%
2.3%
0.7%
0.3%
$173000
—
$267M
Dec '23
$566M
$61M
48.8%
15.6%
5.7%
2.6%
—
—
$336M
Sep '23
$469M
$7M
43.7%
2.4%
0.7%
0.3%
—
—
$195M
Jun '23
$469M
-$3M
42.6%
0.2%
-0.3%
-0.1%
—
—
$223M
Mar '23
$445M
-$12M
40.8%
-5.3%
-1.2%
-0.5%
—
—
$306M
Dec '22
$564M
$15M
43.7%
8.6%
1.5%
0.7%
—
—
$348M
Sep '22
$447M
$7M
40.2%
1.0%
0.6%
0.3%
—
—
$307M
Jun '22
$495M
-$34M
37.4%
-11.4%
-3.1%
-1.8%
—
—
$563M
Mar '22
$511M
$21M
36.0%
5.4%
1.8%
1.1%
—
—
$589M
Dec '21
$653M
$74M
37.4%
10.1%
6.3%
3.7%
—
—
$516M
Sep '21
$509M
$23M
34.6%
6.3%
2.1%
1.3%
—
—
$497M
Jun '21
$551M
$15M
33.2%
3.6%
1.3%
0.8%
—
—
$490M
Mar '21
$541M
$22M
33.0%
6.3%
2.0%
1.3%
—
—
$520M
Valuation over time
How the market has priced CRTO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 140.4× (Mar '23) to 4.9× (Nov '26).
The price-to-sales ratio has fallen from 0.8× (Mar '23) to 0.4× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is CRTO growing its revenue and profit?
Over the past 5 years, Criteo S.A.'s revenue has declined 1.3% per year, and net income grown 15.8% per year. These are computed facts, not advice.
How much debt does CRTO have?
As of FY2025, Criteo S.A. reported — of total debt against $342M of cash; operating income covered interest expense 82×.
What is CRTO's profit margin?
In FY2025, gross margin was 54.0%, operating margin 10.4%, and net margin 7.7%.
What is CRTO's P/E ratio?
Criteo S.A.'s P/E (TTM) is 4.91 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CRTO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 4.9× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.