Cash flow Criteo S.A.

Equities

CRTO

US2267181046

Advertising & Marketing

Market Closed - Nasdaq Other stock markets 21:00:00 14/01/2026 GMT			5-day change	1st Jan Change
20.52 ^USD	-0.68%		-3.75%	-0.44%

01-09	European Equities Traded in the US as American Depositary Receipts Rise in Friday Trading	MT
01-08	European Equities Traded in the US as American Depositary Receipts Decline in Thursday Trading	MT

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Published financial data: CRITEO S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.07B	2.25B	2.02B	1.95B	1.93B
Total Revenues	2.07B	2.25B	2.02B	1.95B	1.93B
Cost of Goods Sold, Total	1.38B	1.47B	1.22B	1.09B	950M
Gross Profit	688M	782M	795M	863M	983M
Selling General & Admin Expenses, Total	438M	465M	571M	524M	546M
R&D Expenses	110M	132M	188M	239M	272M
Other Operating Expenses, Total	548M	597M	758M	763M	817M
Operating Income	140M	185M	36.86M	100M	166M
Interest Expense, Total	-2.38M	-1.99M	-1.52M	-2.5M	-1.82M
Interest And Investment Income	1.12M	634K	4.19M	4.68M	10.07M
Net Interest Expenses	-1.26M	-1.35M	2.67M	2.18M	8.24M
Currency Exchange Gains (Loss)	-150K	-1.78M	19.66M	-7.55M	-3.53M
Other Non Operating Income (Expenses)	-525K	5.07M	154K	2.89M	-1.62M
EBT, Excl. Unusual Items	138M	187M	59.34M	97.73M	169M
Restructuring Charges	-19.99M	-21.7M	-	-23M	-8.5M
Merger & Related Restructuring Charges	-286K	-11.26M	-12.58M	-	-
Asset Writedown	-10.9M	-	-	-	-5.69M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-4.7M	-	-
EBT, Incl. Unusual Items	107M	154M	42.06M	74.73M	154M
Income Tax Expense	32.2M	16.17M	31.19M	20.08M	39.78M
Earnings From Continuing Operations	74.69M	138M	10.88M	54.64M	115M
Net Income to Company	74.69M	138M	10.88M	54.64M	115M
Minority Interest	-3.01M	-3.19M	-1.92M	-1.38M	-3.14M
Net Income - (IS)	71.68M	134M	8.95M	53.26M	112M
Net Income to Common Incl Extra Items	71.68M	134M	8.95M	53.26M	112M
Net Income to Common Excl. Extra Items	71.68M	134M	8.95M	53.26M	112M
Per Share Items
Net EPS - Basic	1.18	2.21	0.15	0.95	2.04
Basic EPS - Continuing Operations	1.18	2.21	0.15	0.95	2.04
Basic Weighted Average Shares Outstanding	60.88M	60.72M	60M	56.17M	54.82M
Net EPS - Diluted	1.16	2.09	0.14	0.88	1.9
Diluted EPS - Continuing Operations	1.16	2.09	0.14	0.88	1.9
Diluted Weighted Average Shares Outstanding	61.82M	64.23M	62.76M	60.23M	58.61M
Normalized Basic EPS	1.37	1.87	0.59	1.06	1.87
Normalized Diluted EPS	1.35	1.77	0.56	0.99	1.75
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	203M	251M	126M	173M	267M
EBITA	140M	185M	70.26M	121M	226M
EBIT	140M	185M	36.86M	100M	166M
EBITDAR	259M	300M	159M	210M	307M
Effective Tax Rate - (Ratio)	30.12	10.51	74.14	26.88	25.75
Current Domestic Taxes	16.38M	16.55M	5.66M	3.76M	9.94M
Current Foreign Taxes	12.1M	18.26M	21.92M	39.92M	55.88M
Total Current Taxes	28.48M	34.81M	27.58M	43.67M	65.82M
Deferred Domestic Taxes	-4.55M	-9.57M	5.87M	634K	-1.3M
Deferred Foreign Taxes	8.27M	-9.07M	-2.27M	-24.22M	-24.74M
Total Deferred Taxes	3.72M	-18.64M	3.6M	-23.59M	-26.04M
Normalized Net Income	83.28M	114M	35.17M	59.7M	102M
Interest on Long-Term Debt	2.91M	2.27M	2.02M	2.4M	-
Non-Cash Pension Expense	95K	51K	73K	161K	158K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	1.7M	1.9M
Marketing Expenses	6.66M	14.02M	-	-	-
Selling and Marketing Expenses	6.66M	14.02M	-	1.7M	1.9M
General and Administrative Expenses	96.88M	121M	193M	132M	171M
Research And Development Expense From Footnotes	149M	169M	202M	242M	279M
Net Rental Expense, Total	55.88M	49.07M	33.54M	37.27M	40.61M
Imputed Operating Lease Interest Expense	7.03M	5.92M	3.43M	6.47M	5.18M
Imputed Operating Lease Depreciation	48.85M	43.15M	30.11M	30.8M	35.43M
Stock-Based Comp., R&D Exp. (Total)	10.25M	16.33M	36.51M	54.79M	54.03M
Stock-Based Comp., G&A Exp. (Total)	9.13M	15.6M	14.32M	22.38M	27.13M
Stock-Based Comp., SG&A Exp. (Total)	12.04M	13.02M	14.2M	20.01M	21.46M
Stock-Based Comp., Other (Total)	-2.66M	-427K	1K	-	-
Total Stock-Based Compensation	28.77M	44.53M	65.04M	97.18M	103M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	488M	516M	348M	336M	291M
Short Term Investments	-	50.3M	25.1M	5.97M	26.24M
Total Cash And Short Term Investments	488M	566M	373M	342M	317M
Accounts Receivable, Total	474M	582M	709M	776M	801M
Other Receivables	87.07M	91.43M	109M	119M	55.43M
Total Receivables	561M	673M	818M	894M	856M
Prepaid Expenses	9.8M	15.28M	24.55M	32.86M	29.58M
Restricted Cash	-	-	25M	75M	250K
Other Current Assets, Total	5.61M	9.64M	20.55M	8.15M	21.06M
Total Current Assets	1.06B	1.26B	1.26B	1.35B	1.22B
Gross Property Plant And Equipment	597M	495M	464M	485M	409M
Accumulated Depreciation	-293M	-235M	-230M	-246M	-203M
Net Property Plant And Equipment	304M	260M	233M	239M	207M
Long-term Investments	53.02M	5.44M	5.93M	21.87M	19.92M
Goodwill	326M	330M	515M	524M	515M
Other Intangibles, Total	79.74M	82.63M	176M	181M	158M
Deferred Tax Assets Long-Term	19.88M	35.44M	31.65M	52.68M	81.01M
Other Long-Term Assets, Total	6.9M	6M	126M	60.74M	61.15M
Total Assets	1.85B	1.98B	2.35B	2.43B	2.27B
Liabilities
Accounts Payable, Total	367M	430M	743M	839M	803M
Accrued Expenses, Total	144M	176M	161M	203M	160M
Current Portion of Long-Term Debt	2.89M	642K	219K	3.39M	3.32M
Current Portion of Leases	48.39M	34.07M	31M	35.4M	25.81M
Current Income Taxes Payable	2.63M	6.64M	13.04M	17.21M	34.86M
Unearned Revenue Current, Total	84K	82K	10K	10K	-
Other Current Liabilities	35.56M	25.08M	132M	82.69M	19.71M
Total Current Liabilities	600M	673M	1.08B	1.18B	1.05B
Long-Term Debt	386K	360K	74K	77K	297K
Long-Term Leases	83.01M	93.89M	77.54M	83.05M	77.58M
Pension & Other Post Retirement Benefits	6.17M	5.53M	3.71M	4.12M	4.71M
Deferred Tax Liability Non Current	5.3M	3.05M	3.46M	1.08M	4.07M
Other Non Current Liabilities	5.54M	9.89M	103M	51.71M	52.1M
Total Liabilities	701M	785M	1.27B	1.32B	1.19B
Common Stock, Total	2.16M	2.15M	2.08M	2.02M	1.93M
Additional Paid In Capital	693M	731M	734M	769M	710M
Retained Earnings	491M	602M	578M	555M	572M
Treasury Stock	-85.57M	-132M	-174M	-162M	-125M
Comprehensive Income and Other	16.03M	-40.29M	-91.89M	-85.33M	-109M
Total Common Equity	1.12B	1.16B	1.05B	1.08B	1.05B
Minority Interest	35.54M	35.19M	33.06M	31.79M	31.91M
Total Equity	1.15B	1.2B	1.08B	1.11B	1.08B
Total Liabilities And Equity	1.85B	1.98B	2.35B	2.43B	2.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	60.76M	60.76M	55.83M	55.23M	54.34M
ECS Total Common Shares Outstanding	60.64M	60.68M	57.26M	55.77M	54.28M
Book Value / Share	18.42	19.17	18.3	19.36	19.33
Tangible Book Value	712M	751M	357M	375M	376M
Tangible Book Value Per Share	11.73	12.37	6.23	6.72	6.92
Total Debt	135M	129M	109M	122M	107M
Net Debt	-395M	-442M	-264M	-237M	-226M
Debt Equivalent of Unfunded Proj. Benefit Obligation	6.17M	5.53M	3.71M	4.12M	4.71M
Debt Equivalent Oper. Leases	447M	393M	268M	298M	325M
Minority Interest, Total (Incl. Fin. Div)	35.54M	35.19M	33.06M	31.79M	31.91M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	469M	361M	301M	308M	288M
Full Time Employees	2.59K	2.78K	3.72K	3.56K	3.51K
Accumulated Allowance for Doubtful Accounts (Supple)	39.9M	45.39M	47.79M	43.35M	28.6M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	71.68M	134M	8.95M	53.26M	112M
Depreciation & Amortization - CF	63.3M	65.84M	55.62M	51.35M	41.19M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	33.4M	20.98M	60M
Depreciation & Amortization, Total	63.3M	65.84M	89.02M	72.34M	101M
Amortization of Deferred Charges, Total - (CF)	24.94M	22.57M	-	-	-
(Gain) Loss From Sale Of Asset	2.71M	1.96M	-194K	-7.93M	1.92M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	28.77M	44.53M	65.03M	97.18M	107M
Other Operating Activities, Total	37.92M	-6.82M	33.09M	-56.84M	-14.46M
Change In Accounts Receivable	-3.96M	-135M	-41.91M	-56.34M	-28.52M
Change In Accounts Payable	-33.31M	82.69M	134M	87.94M	-17.16M
Change in Other Net Operating Assets	-6.69M	10.65M	-31.8M	34.64M	-2.99M
Cash from Operations	185M	221M	256M	224M	258M
Capital Expenditure	-67.29M	-54.98M	-84.8M	-92.5M	-78.11M
Sale of Property, Plant, and Equipment	-	-	-	-	1.48M
Cash Acquisitions	-1.18M	-10.42M	-138M	-6.82M	-527K
Investment in Marketable and Equity Securities, Total	-34.45M	-12.94M	27.75M	12.42M	-20.74M
Other Investing Activities, Total	1.82M	1.97M	28.95M	-21.81M	-
Cash from Investing	-101M	-76.37M	-166M	-109M	-97.9M
Long-Term Debt Issued, Total	153M	-	78.51M	235K	-
Total Debt Issued	153M	-	78.51M	235K	-
Long-Term Debt Repaid, Total	-169M	-5.29M	-78.78M	-	-
Total Debt Repaid	-169M	-5.29M	-78.78M	-	-
Issuance of Common Stock	1.73M	25.2M	1.03M	1.94M	4.55M
Repurchase of Common Stock	-43.66M	-100M	-136M	-125M	-225M
Other Financing Activities, Total	-	-	21.88M	-23.94M	-50.45M
Cash from Financing	-57.75M	-80.12M	-113M	-147M	-270M
Foreign Exchange Rate Adjustments	42.73M	-36.91M	-44.15M	-5.22M	-10.16M
Net Change in Cash	69.25M	27.52M	-67.33M	-36.94M	-120M
Supplemental Items
Cash Interest Paid	2.16M	1.49M	1.3M	1.54M	1.36M
Cash Income Tax Paid (Refund)	17.61M	28.77M	38.12M	40.13M	40.7M
Levered Free Cash Flow	129M	159M	313M	108M	207M
Unlevered Free Cash Flow	131M	160M	314M	110M	208M
Change In Net Working Capital	6.64M	33.02M	-222M	29.62M	21.16M
Net Debt Issued / Repaid	-15.82M	-5.29M	-265K	235K	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.8	6.02	1.06	2.62	4.44
Return on Total Capital	7.02	8.84	1.83	5.17	8.55
Return On Equity %	6.82	11.71	0.95	4.98	10.46
Return on Common Equity	6.75	11.79	0.81	5.01	10.48
Margin Analysis
Gross Profit Margin %	33.2	34.69	39.42	44.27	50.84
SG&A Margin	21.14	20.62	28.3	26.88	28.22
EBITDA Margin %	9.81	11.12	6.24	8.85	13.8
EBITA Margin %	6.75	8.2	3.48	6.22	11.67
EBIT Margin %	6.75	8.2	1.83	5.14	8.57
Income From Continuing Operations Margin %	3.6	6.11	0.54	2.8	5.93
Net Income Margin %	3.46	5.96	0.44	2.73	5.77
Net Avail. For Common Margin %	3.46	5.96	0.44	2.73	5.77
Normalized Net Income Margin	4.02	5.04	1.74	3.06	5.29
Levered Free Cash Flow Margin	6.23	7.06	15.51	5.56	10.7
Unlevered Free Cash Flow Margin	6.3	7.12	15.56	5.64	10.76
Asset Turnover
Asset Turnover	1.14	1.17	0.93	0.82	0.83
Fixed Assets Turnover	6.48	8	8.17	8.25	8.68
Receivables Turnover (Average Receivables)	4.34	4.27	3.12	2.63	2.45
Short Term Liquidity
Current Ratio	1.77	1.88	1.17	1.15	1.17
Quick Ratio	1.75	1.84	1.1	1.05	1.12
Operating Cash Flow to Current Liabilities	0.31	0.33	0.24	0.19	0.25
Days Sales Outstanding (Average Receivables)	84.39	85.5	116.8	138.98	149.22
Average Days Payable Outstanding	100.09	98.83	175.23	265.66	316.01
Long Term Solvency
Total Debt/Equity	11.68	10.76	10.07	10.97	9.9
Total Debt / Total Capital	10.46	9.72	9.15	9.89	9.01
LT Debt/Equity	7.23	7.87	7.18	7.48	7.2
Long-Term Debt / Total Capital	6.48	7.1	6.52	6.74	6.56
Total Liabilities / Total Assets	37.81	39.59	53.97	54.3	52.3
EBIT / Interest Expense	58.8	92.97	24.25	40.06	90.78
EBITDA / Interest Expense	108.85	150.77	104.88	83.86	168.53
(EBITDA - Capex) / Interest Expense	80.59	123.12	49.09	46.89	125.7
Total Debt / EBITDA	0.52	0.43	0.68	0.58	0.35
Net Debt / EBITDA	-1.52	-1.47	-1.66	-1.13	-0.73
Total Debt / (EBITDA - Capex)	0.7	0.53	1.46	1.04	0.47
Net Debt / (EBITDA - Capex)	-2.06	-1.81	-3.54	-2.02	-0.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.35	8.76	-10.52	-3.35	-0.83
Gross Profit, 1 Yr. Growth %	-17.01	13.65	1.7	8.53	13.9
EBITDA, 1 Yr. Growth %	-17.73	30.29	-47.61	-1.14	33.48
EBITA, 1 Yr. Growth %	-13.36	43.17	-59.73	1.92	51.89
EBIT, 1 Yr. Growth %	-13.36	43.17	-75.73	312.79	65.23
Earnings From Cont. Operations, 1 Yr. Growth %	-22.17	84.29	-92.1	402.47	109.93
Net Income, 1 Yr. Growth %	-21.01	87.58	-93.34	494.94	109.49
Normalized Net Income, 1 Yr. Growth %	-9.66	48.49	-62.16	118.64	71.35
Diluted EPS Before Extra, 1 Yr. Growth %	-15.94	80.17	-93.3	528.57	115.91
Accounts Receivable, 1 Yr. Growth %	-1.59	22.77	21.82	9.4	3.26
Net Property, Plant and Equip., 1 Yr. Growth %	-9.72	-14.27	-10.31	2.4	-13.51
Total Assets, 1 Yr. Growth %	3.52	7.02	18.42	3.53	-5.23
Tangible Book Value, 1 Yr. Growth %	17.95	5.51	-52.46	4.93	0.29
Common Equity, 1 Yr. Growth %	10.91	4.12	-9.89	3.01	-2.82
Cash From Operations, 1 Yr. Growth %	-16.82	19.18	15.88	-12.4	15.12
Capital Expenditures, 1 Yr. Growth %	-18.65	-18.29	54.22	9.09	-32.73
Levered Free Cash Flow, 1 Yr. Growth %	46.76	30.2	125.76	-70.36	84.17
Unlevered Free Cash Flow, 1 Yr. Growth %	46.63	29.63	124.43	-70.04	82.9
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.08	-0.16	-1.35	-7.01	-2.1
Gross Profit, 2 Yr. CAGR %	-9.19	-2.88	7.51	5.06	11.18
EBITDA, 2 Yr. CAGR %	-10.23	0.48	-20.08	-15.7	53.45
EBITA, 2 Yr. CAGR %	-7.78	9.27	-27.51	-11.4	97.77
EBIT, 2 Yr. CAGR %	-3	9.27	-41.8	-18.77	161.16
Earnings From Cont. Operations, 2 Yr. CAGR %	-11.74	19.76	-61.84	-36.99	224.78
Net Income, 2 Yr. CAGR %	-10.08	21.72	-64.66	-37.06	253.03
Normalized Net Income, 2 Yr. CAGR %	0.42	13.63	-25.75	-19.86	104.89
Diluted EPS Before Extra, 2 Yr. CAGR %	-5.9	23.06	-65.26	-35.11	268.39
Accounts Receivable, 2 Yr. CAGR %	0.02	9.91	22.29	15.44	6.28
Net Property, Plant and Equip., 2 Yr. CAGR %	28.43	-12.02	-12.31	-4.17	-5.89
Total Assets, 2 Yr. CAGR %	7.72	5.26	12.58	10.73	-1.77
Tangible Book Value, 2 Yr. CAGR %	17.12	11.56	-29.18	-29.37	2.59
Common Equity, 2 Yr. CAGR %	8.8	7.46	-3.14	-3.66	0.05
Cash From Operations, 2 Yr. CAGR %	-15.68	-0.43	17.52	0.75	0.42
Capital Expenditures, 2 Yr. CAGR %	-24.16	-18.47	12.26	29.71	10.64
Levered Free Cash Flow, 2 Yr. CAGR %	-3.29	31.78	68.96	-12.28	-20.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.13	31.51	68.08	-12.09	-20.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.36	-0.67	-3.74	-2.02	-4.99
Gross Profit, 3 Yr. CAGR %	-5.76	-2.13	-1.38	7.85	7.92
EBITDA, 3 Yr. CAGR %	-4.85	-0.22	-20.26	-4.33	3.19
EBITA, 3 Yr. CAGR %	-4.93	3.94	-23.15	-3.22	13.47
EBIT, 3 Yr. CAGR %	-1.21	7.5	-38.02	-2.71	2.92
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.24	12.81	-51.61	-9.89	-5.89
Net Income, 3 Yr. CAGR %	-7.72	14.9	-53.79	-9.43	-6.03
Normalized Net Income, 3 Yr. CAGR %	1.62	11.2	-26.32	-2.19	3.24
Diluted EPS Before Extra, 3 Yr. CAGR %	-4.69	16.85	-53.36	-8.8	-3.13
Accounts Receivable, 3 Yr. CAGR %	-0.7	7.09	13.75	17.83	11.23
Net Property, Plant and Equip., 3 Yr. CAGR %	23.35	12.24	-11.46	-7.66	-7.39
Total Assets, 3 Yr. CAGR %	6.57	7.49	9.47	9.48	4.54
Tangible Book Value, 3 Yr. CAGR %	9.07	13.12	-16.05	-19.26	-20.61
Common Equity, 3 Yr. CAGR %	8.22	7.22	1.33	-1.13	-3.38
Cash From Operations, 3 Yr. CAGR %	-8.94	-5.37	4.73	6.55	5.33
Capital Expenditures, 3 Yr. CAGR %	-18.04	-22.25	0.83	11.19	12.42
Levered Free Cash Flow, 3 Yr. CAGR %	-0.67	4.87	50.57	-0.35	13.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	-0.67	4.86	50.12	-0.32	13.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.39	4.61	-2.56	-3.26	-3.09
Gross Profit, 5 Yr. CAGR %	7.84	3.93	-0.66	0.68	3.46
EBITDA, 5 Yr. CAGR %	11.3	6.75	-11.81	-7.32	1.45
EBITA, 5 Yr. CAGR %	11.63	7.6	-15.48	-5.94	7.82
EBIT, 5 Yr. CAGR %	13.47	8.31	-23.98	-7.6	1.36
Earnings From Cont. Operations, 5 Yr. CAGR %	3.7	9.53	-35.4	-10.64	3.63
Net Income, 5 Yr. CAGR %	3.78	10.32	-37.14	-9.69	4.22
Normalized Net Income, 5 Yr. CAGR %	15.25	9.5	-15.02	-6.28	3.07
Diluted EPS Before Extra, 5 Yr. CAGR %	4.97	10.83	-36.35	-7.65	6.6
Accounts Receivable, 5 Yr. CAGR %	12.63	7.94	7.93	10.35	10.7
Net Property, Plant and Equip., 5 Yr. CAGR %	29.77	19.1	7.61	5.37	-9.27
Total Assets, 5 Yr. CAGR %	17.1	10.37	8.93	8.77	4.83
Tangible Book Value, 5 Yr. CAGR %	11.34	21.14	-8.23	-6.31	-9.04
Common Equity, 5 Yr. CAGR %	18.69	14.15	3.52	2.73	0.82
Cash From Operations, 5 Yr. CAGR %	6.21	7.56	0.84	-2.97	2.99
Capital Expenditures, 5 Yr. CAGR %	-2.3	-8.37	-7.05	-4.59	-1.14
Levered Free Cash Flow, 5 Yr. CAGR %	21.6	11.97	18.89	-4.71	17.68
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.71	11.97	18.69	-4.59	17.53