Globant S.A.
GLOB NYSE Services-Computer Processing & Data Preparation Financials FY2016–FY2025
Last close · Oct 23, 2026
$45.03
1.6%
Revenue
Total sales reported in the income statement.
$2.5B
1.6%
vs prior year
Operating margin
Operating income as a share of revenue.
7.0%
2.3 pts
Net income
Profit after all expenses, interest and tax.
$103M
37.9%
Free cash flow
Cash from operations minus capital spending.
$282M
27.6%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
5.8%
2.8 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$2.0B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
19.7x
On $2.29 EPS (TTM)
What Globant S.A. does
No business description yet.
- Legal name
- Globant S.A.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Feb 27, 2026
- Accession · CIK
- 0001628280-26-012910
0001557860
Revenue and margins
Globant S.A. had $2.5B of revenue in fiscal 2025, up 1.6% on the year before.
FY16
Revenue $323M
FY17
Revenue $413M
FY18
Revenue $522M
FY19
Revenue $659M
FY20
Revenue $814M
FY21
Revenue $1.3B
FY22
Revenue $1.8B
FY23
Revenue $2.1B
FY24
Revenue $2.4B
FY25
Revenue $2.5B
FY16
Gross 40.7%
Operating 15.4%
Net 11.1%
FCF 4.3%
FY17
Gross 36.3%
Operating 8.0%
Net 7.4%
FCF 5.7%
FY18
Gross 39.0%
Operating 12.8%
Net 9.9%
FCF 9.2%
FY19
Gross 38.5%
Operating 12.2%
Net 8.2%
FCF 9.0%
FY20
Gross 37.4%
Operating 10.3%
Net 6.7%
FCF 8.7%
FY21
Gross 38.2%
Operating 11.1%
Net 7.4%
FCF 10.5%
FY22
Gross 37.6%
Operating 11.6%
Net 8.4%
FCF 8.5%
FY23
Gross 36.1%
Operating 9.5%
Net 7.6%
FCF 13.0%
FY24
Gross 35.7%
Operating 9.3%
Net 6.9%
FCF 9.1%
FY25
Gross 35.0%
Operating 7.0%
Net 4.2%
FCF 11.5%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 9.5% a year. Loss periods are shown in red.
FY16
Net income $35.9M
FY17
Net income $30.5M
FY18
Net income $51.7M
FY19
Net income $54.0M
FY20
Net income $54.2M
FY21
Net income $96.1M
FY22
Net income $149M
FY23
Net income $159M
FY24
Net income $166M
FY25
Net income $103M
FY16
Diluted EPS $1.01
FY17
Diluted EPS $0.84
FY18
Diluted EPS $1.41
FY19
Diluted EPS $1.43
FY20
Diluted EPS $1.37
FY21
Diluted EPS $2.28
FY22
Diluted EPS $3.47
FY23
Diluted EPS $3.64
FY24
Diluted EPS $3.72
FY25
Diluted EPS $2.29
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital 22.4%
Return on equity 17.2%
Return on assets 12.6%
FY17
Return on capital 12.1%
Return on equity 12.9%
Return on assets 9.5%
FY18
Return on capital 19.6%
Return on equity 17.2%
Return on assets 13.0%
FY19
Return on capital 14.8%
Return on equity 13.9%
Return on assets 9.6%
FY20
Return on capital 9.5%
Return on equity 8.2%
Return on assets 5.5%
FY21
Return on capital 12.5%
Return on equity 8.8%
Return on assets 6.1%
FY22
Return on capital 13.1%
Return on equity 10.6%
Return on assets 7.3%
FY23
Return on capital 10.1%
Return on equity 9.8%
Return on assets 6.4%
FY24
Return on capital 8.6%
Return on equity 9.0%
Return on assets 5.6%
FY25
Return on capital 5.8%
Return on equity 5.1%
Return on assets 3.2%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $282M in fiscal 2025, 11.5% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $13.8M
FY17
Free cash flow $23.4M
FY18
Free cash flow $48.0M
FY19
Free cash flow $59.4M
FY20
Free cash flow $70.6M
FY21
Free cash flow $136M
FY22
Free cash flow $150M
FY23
Free cash flow $273M
FY24
Free cash flow $221M
FY25
Free cash flow $282M
FY16
Cash from operations $31.5M
Capital spending $17.7M
FY17
Cash from operations $43.0M
Capital spending $19.6M
FY18
Cash from operations $67.2M
Capital spending $19.2M
FY19
Cash from operations $79.7M
Capital spending $20.4M
FY20
Cash from operations $99.9M
Capital spending $29.3M
FY21
Cash from operations $179M
Capital spending $42.8M
FY22
Cash from operations $198M
Capital spending $47.1M
FY23
Cash from operations $319M
Capital spending $45.1M
FY24
Cash from operations $249M
Capital spending $27.7M
FY25
Cash from operations $301M
Capital spending $19.2M
Cash from operations
Capital spending
Dividends, buybacks and share count
Globant S.A. returned $56.1M to shareholders in fiscal 2025, 20% of free cash flow. The diluted share count rose 0.9%.
FY16
Dividends —
Buybacks —
FY17
Dividends —
Buybacks —
FY18
Dividends —
Buybacks —
FY19
Dividends —
Buybacks $0.0M
FY20
Dividends —
Buybacks $0.0M
FY21
Dividends —
Buybacks $7.3M
FY22
Dividends —
Buybacks $9.3M
FY23
Dividends —
Buybacks $11.5M
FY24
Dividends —
Buybacks $10.7M
FY25
Dividends —
Buybacks $56.1M
Dividends
Buybacks
FY16
Diluted shares 0.04B
FY17
Diluted shares 0.04B
FY18
Diluted shares 0.04B
FY19
Diluted shares 0.04B
FY20
Diluted shares 0.04B
FY21
Diluted shares 0.04B
FY22
Diluted shares 0.04B
FY23
Diluted shares 0.04B
FY24
Diluted shares 0.04B
FY25
Diluted shares 0.05B
Balance sheet
Cash, debt and the ratios that show how comfortably Globant S.A. can carry it.
FY16
Cash $50.5M
Debt $0.2M
FY17
Cash $52.5M
Debt $6.0M
FY18
Cash $77.6M
Debt $0.0M
FY19
Cash $62.7M
Debt $51.4M
FY20
Cash $279M
Debt $26.0M
FY21
Cash $428M
Debt $12.2M
FY22
Cash $292M
Debt $3.7M
FY23
Cash $307M
Debt $159M
FY24
Cash $142M
Debt $293M
FY25
Cash $244M
Debt $367M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $428M | $292M | $307M | $142M | $244M |
| Debt incl. finance leases | $12.2M | $3.7M | $159M | $293M | $367M |
| Debt / equity | 0.0x | 0.0x | 0.1x | 0.1x | 0.2x |
| Interest coverage | 11.4x | 12.5x | 8.4x | 7.0x | 4.2x |
| Current ratio | 2.1x | 2.0x | 1.4x | 1.7x | 1.6x |
| Quick ratio | 2.1x | 2.0x | 1.4x | 1.7x | 1.6x |
| Total assets | $1.9B | $2.2B | $2.7B | $3.1B | $3.3B |
| Total liabilities | $576M | $640M | $931M | $1.1B | $1.2B |
| Shareholders' equity | $1.3B | $1.5B | $1.7B | $2.0B | $2.1B |
| Net debt (− = net cash) | −$416M | −$289M | −$148M | $150M | $123M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✕ |
| Cash from operations exceeds net income | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✕ | ✓ | ✕ | ✓ | ✓ | ✓ | ✕ | ✕ | ✕ |
| Current ratio rose | — | ✕ | ✓ | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✕ |
| Revenue rose relative to assets | — | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✕ |
| F-score | — / 3 | 4 / 9 | 8 / 9 | 3 / 9 | 5 / 9 | 7 / 9 | 6 / 9 | 3 / 9 | 4 / 9 | 3 / 9 |
| Accruals ratio | 1.5% | −3.9% | −3.9% | −4.6% | −4.6% | −5.2% | −2.4% | −6.5% | −2.8% | −6.1% |
| Altman Z'' | 7.06 | 6.31 | 7.80 | 5.02 | 5.12 | 5.08 | 5.19 | 3.90 | 3.91 | 3.94 |
10 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $323M | $413M | $522M | $659M | $814M | $1.3B | $1.8B | $2.1B | $2.4B | $2.5B |
| Provision for credit losses | — | — | — | — | — | — | $0.0M | $0.0M | $1.1M | $1.4M |
| Gross profit | $131M | $150M | $204M | $254M | $304M | $495M | $669M | $756M | $863M | $859M |
| Operating income | $49.6M | $33.2M | $66.8M | $80.7M | $83.9M | $144M | $207M | $199M | $225M | $172M |
| Interest expense | $19.2M | $11.0M | $1.5M | $6.7M | $10.4M | $12.7M | $16.6M | $23.8M | $32.2M | $40.6M |
| Pretax income | $50.2M | $38.5M | $67.5M | $69.0M | $76.5M | $125M | $193M | $198M | $210M | $139M |
| Income tax | $14.3M | $8.1M | $15.9M | $15.0M | $22.3M | $28.5M | $43.4M | $39.5M | $41.4M | $35.2M |
| Net income | $35.9M | $30.5M | $51.7M | $54.0M | $54.2M | $96.1M | $149M | $159M | $166M | $103M |
| Net income to common | $35.9M | $30.5M | $51.7M | $54.0M | $54.2M | $96.1M | $149M | $159M | $166M | $103M |
| Diluted EPS | $1.01 | $0.84 | $1.41 | $1.43 | $1.37 | $2.28 | $3.47 | $3.64 | $3.72 | $2.29 |
| Diluted shares | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.05B |
| Cash flow | ||||||||||
| Cash from operations | $31.5M | $43.0M | $67.2M | $79.7M | $99.9M | $179M | $198M | $319M | $249M | $301M |
| Capital expenditure | $17.7M | $19.6M | $19.2M | $20.4M | $29.3M | $42.8M | $47.1M | $45.1M | $27.7M | $19.2M |
| Free cash flow | $13.8M | $23.4M | $48.0M | $59.4M | $70.6M | $136M | $150M | $273M | $221M | $282M |
| Stock-based compensation | $3.6M | $12.9M | $10.6M | $15.4M | $22.4M | $37.0M | $60.3M | $72.9M | $81.8M | $75.7M |
| Acquisitions | $16.6M | $19.1M | $4.1M | $97.3M | $69.1M | $145M | $126M | $254M | $278M | $32.9M |
| Share buybacks | — | — | — | $0.0M | $0.0M | $7.3M | $9.3M | $11.5M | $10.7M | $56.1M |
| Dividends and buybacks | — | — | — | $0.0M | $0.0M | $7.3M | $9.3M | $11.5M | $10.7M | $56.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $50.5M | $52.5M | $77.6M | $62.7M | $279M | $428M | $292M | $307M | $142M | $244M |
| Total debt | $0.2M | $6.0M | $0.0M | $51.4M | $26.0M | $12.2M | $3.7M | $159M | $293M | $367M |
| Current assets | $134M | $156M | $213M | $276M | $536M | $820M | $858M | $925M | $839M | $954M |
| Current liabilities | $55.0M | $74.1M | $92.9M | $146M | $206M | $386M | $429M | $665M | $507M | $580M |
| Property and equipment, net | $35.7M | $43.9M | $51.5M | $87.5M | $101M | $133M | $162M | $163M | $155M | $137M |
| Goodwill | $65.2M | $98.9M | $105M | $189M | $393M | $567M | $735M | $1.1B | $1.5B | $1.6B |
| Intangible assets | $13.8M | $11.4M | $11.8M | $27.1M | $86.7M | $102M | $183M | $286M | $378M | $346M |
| Total assets | $285M | $357M | $437M | $688M | $1.3B | $1.9B | $2.2B | $2.7B | $3.1B | $3.3B |
| Total liabilities | $76.2M | $93.8M | $99.2M | $249M | $409M | $576M | $640M | $931M | $1.1B | $1.2B |
| Shareholders' equity | $209M | $263M | $338M | $439M | $880M | $1.3B | $1.5B | $1.7B | $2.0B | $2.1B |
| Margins | ||||||||||
| Gross margin | 40.7% | 36.3% | 39.0% | 38.5% | 37.4% | 38.2% | 37.6% | 36.1% | 35.7% | 35.0% |
| Operating margin | 15.4% | 8.0% | 12.8% | 12.2% | 10.3% | 11.1% | 11.6% | 9.5% | 9.3% | 7.0% |
| Net margin | 11.1% | 7.4% | 9.9% | 8.2% | 6.7% | 7.4% | 8.4% | 7.6% | 6.9% | 4.2% |
| FCF margin | 4.3% | 5.7% | 9.2% | 9.0% | 8.7% | 10.5% | 8.5% | 13.0% | 9.1% | 11.5% |
| Returns | ||||||||||
| Return on capital | 22.4% | 12.1% | 19.6% | 14.8% | 9.5% | 12.5% | 13.1% | 10.1% | 8.6% | 5.8% |
| Return on capital employed | 21.6% | 11.7% | 19.4% | 14.9% | 7.7% | 9.6% | 11.7% | 9.7% | 8.5% | 6.3% |
| Return on equity | 17.2% | 12.9% | 17.2% | 13.9% | 8.2% | 8.8% | 10.6% | 9.8% | 9.0% | 5.1% |
| Return on assets | 12.6% | 9.5% | 13.0% | 9.6% | 5.5% | 6.1% | 7.3% | 6.4% | 5.6% | 3.2% |
| Return on tangible equity | 27.7% | 19.9% | 23.4% | 24.2% | 13.5% | 15.1% | 25.2% | 46.8% | 161.7% | 70.4% |
| Growth | ||||||||||
| Revenue growth | — | 28.1% | 26.3% | 26.2% | 23.5% | 59.3% | 37.3% | 17.7% | 15.3% | 1.6% |
| Net income growth | — | −14.9% | 69.2% | 4.5% | 0.4% | 77.2% | 55.0% | 6.5% | 4.5% | −37.9% |
| EPS growth | — | −16.8% | 67.9% | 1.4% | −4.2% | 66.4% | 52.2% | 4.9% | 2.2% | −38.4% |
| FCF growth | — | 69.2% | 105.4% | 23.6% | 18.9% | 93.0% | 10.5% | 81.7% | −19.2% | 27.6% |
| Share count change | — | 1.9% | 1.6% | 2.7% | 5.4% | 5.9% | 1.9% | 1.7% | 2.3% | 0.9% |
| Financial health | ||||||||||
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.1x | 0.0x | 0.0x | 0.0x | 0.1x | 0.1x | 0.2x |
| Interest coverage | 2.6x | 3.0x | 43.3x | 12.1x | 8.0x | 11.4x | 12.5x | 8.4x | 7.0x | 4.2x |
| Current ratio | 2.4x | 2.1x | 2.3x | 1.9x | 2.6x | 2.1x | 2.0x | 1.4x | 1.7x | 1.6x |
| Quick ratio | 2.4x | 2.1x | 2.3x | 1.9x | 2.6x | 2.1x | 2.0x | 1.4x | 1.7x | 1.6x |
| Capital allocation | ||||||||||
| Capex / revenue | 5.5% | 4.7% | 3.7% | 3.1% | 3.6% | 3.3% | 2.6% | 2.2% | 1.1% | 0.8% |
| Stock comp / revenue | 1.1% | 3.1% | 2.0% | 2.3% | 2.8% | 2.9% | 3.4% | 3.5% | 3.4% | 3.1% |
| Payouts / FCF | — | — | — | 0.0% | 0.0% | 5.3% | 6.2% | 4.2% | 4.8% | 19.9% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 4.0 | 8.0 | 3.0 | 5.0 | 7.0 | 6.0 | 3.0 | 4.0 | 3.0 |
| Altman Z'' | 7.1 | 6.3 | 7.8 | 5.0 | 5.1 | 5.1 | 5.2 | 3.9 | 3.9 | 3.9 |
| Accruals ratio | 1.5% | −3.9% | −3.9% | −4.6% | −4.6% | −5.2% | −2.4% | −6.5% | −2.8% | −6.1% |
Source: SEC EDGAR XBRL filings (CIK 0001557860). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.