# Criteo S.A. (CRTO)

> Source: Nexqual · https://nexqual.com/CRTO · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Criteo S.A. (CRTO), nexqual.com/CRTO" · informational, not investment advice.

**Price:** USD 15.76 (+5.84% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 14.89 · day 14.74–15.82 · 52w 14.28–25.29 · market cap $772M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.79B, net income $78.2M (4.4% margin), free cash flow -$14.0M (SEC filings).
- Valuation: P/E 9.9x (avg 19.1x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 2.64 on a 1–5 scale) (11 analysts), mean target USD 20.15 (range 14–25).
- Total return with dividends: 1Y -20.4% vs S&P 500 +18.1%; 5Y -57.7% vs S&P 500 +85.1%.
- Next earnings: 2026-10-28, EPS estimate USD 0.58, revenue estimate $239M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.25B | $2.02B | $1.95B | $1.93B | $1.94B | $1.79B |
| Gross profit | $782M | $795M | $863M | $983M | $1.05B | — |
| Operating income | $152M | $24.3M | $77.2M | $151M | $203M | $104M |
| Net income | $134M | $9.0M | $53.3M | $112M | $145M | $78.2M |
| EPS (diluted) | $2.09 | $0.14 | $0.88 | $1.90 | $2.64 | — |
| Free cash flow | — | $192M | $108M | $180M | $208M | -$14.0M |
| Gross margin | 34.7% | 39.4% | 44.3% | 50.8% | 54.0% | — |
| Operating margin | 6.7% | 1.2% | 4.0% | 7.8% | 10.4% | 5.8% |
| Net margin | 6.0% | 0.4% | 2.7% | 5.8% | 7.4% | 4.4% |
| Revenue growth | +8.8% | -10.5% | -3.3% | -0.8% | +0.6% | — |
| Cash + short-term investments | $566M | $373M | $342M | $317M | $365M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 9.9x · P/S 0.4x · P/B 0.7x · FCF yield -1.81% · Earnings yield 10.12% · Buyback yield (TTM) 21.47%
P/E at fiscal year-ends: Dec 2025 7.8x, Dec 2024 20.8x, Dec 2023 28.6x.

## Analysts
Consensus Hold (mean 2.64 on a 1–5 scale), 11 analysts; mean target USD 20.15 (low 14, high 25).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-20 | Wedbush | Target lowered | Outperform | $30 → $25 |
| 2026-08-06 | Morgan Stanley | Target lowered | Equal-Weight | $29 → $25 |
| 2026-08-06 | Bernstein | Downgrade | Outperform → Market Perform | $35 → $20.5 |
| 2026-08-06 | Benchmark | Target lowered | Buy | $25 → $21 |
| 2026-07-07 | DA Davidson | Maintained | Buy | $24 |
| 2026-06-23 | DA Davidson | Maintained | Buy | $24 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -20.4% | -57.7% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -20.5% | -15.8% |
| Volatility (annualized) | 57.8% | 42.0% |
| Max drawdown | -37.7% (Jul 2026→Oct 2026) | -70.1% (Aug 2024→Sep 2026) |

## Peers (Advertising Agencies)
QNST (QuinStreet, Inc.) USD 16.29 +3.36% · EVC (Entravision Communications Corp) USD 6.67 +2.62% · NEXN (Nexxen International Ltd.) USD 9.03 -0.33% · CCO (Clear Channel Outdoor Holdings,) USD 2.42 -0.41% · ADV (Advantage Solutions Inc.) USD 29.36 -5.44% · PERI (Perion Network Ltd) USD 9.1 +0.00%

## More
Full page: https://nexqual.com/CRTO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt