Criteo (CRTO) Financials

$34.42 +0.20 (+0.59%)

As of 10:17 AM Eastern

Annual Income Statements for Criteo

This table shows Criteo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	46	60	82	91	89	91	72	134	8.95	53	112
Consolidated Net Income / (Loss)	47	62	87	97	96	96	75	138	11	55	115
Net Income / (Loss) Continuing Operations	47	62	87	97	96	96	75	138	11	55	115
Total Pre-Tax Income	64	72	120	128	142	135	107	154	42	75	154
Total Operating Income	53	76	121	138	147	141	109	152	24	77	151
Total Gross Profit	355	472	645	819	834	829	688	782	795	863	983
Total Revenue	988	1,323	1,799	2,297	2,300	2,262	2,073	2,254	2,017	1,949	1,933
Operating Revenue	988	1,323	1,799	2,297	2,300	2,262	2,073	2,254	2,017	1,949	1,933
Total Cost of Revenue	633	851	1,154	1,477	1,466	1,432	1,385	1,472	1,222	1,086	950
Operating Cost of Revenue	633	851	1,154	1,477	1,466	1,432	1,385	1,472	1,222	1,086	950
Total Operating Expenses	302	395	524	682	687	688	579	630	771	786	832
Selling, General & Admin Expense	65	79	117	127	135	140	116	153	205	138	176
Marketing Expense	177	230	283	381	373	375	330	326	378	406	376
Research & Development Expense	60	87	124	174	179	173	133	152	188	242	279
Total Other Income / (Expense), net	11	-4.54	-0.55	-9.53	-5.08	-5.75	-1.94	1.94	18	-2.49	3.10
Other Income / (Expense), net	11	-4.54	-0.55	-9.53	-5.08	-5.75	-1.94	1.94	18	-2.49	3.10
Income Tax Expense	18	9.52	33	32	46	39	32	16	31	20	40
Net Income / (Loss) Attributable to Noncontrolling Interest	1.34	2.72	5.06	5.45	7.24	5.22	3.01	3.19	1.92	1.39	3.14
Basic Earnings per Share	$0.77	$0.96	$1.30	$1.40	$1.33	$1.41	$1.18	$2.21	$0.15	$0.95	$2.04
Weighted Average Basic Shares Outstanding	58.93M	61.84M	63.34M	65.14M	66.46M	64.31M	60.88M	60.72M	60.00M	56.17M	54.82M
Diluted Earnings per Share	$0.72	$0.91	$1.25	$1.34	$1.31	$1.38	$1.16	$2.09	$0.14	$0.88	$1.90
Weighted Average Diluted Shares Outstanding	63.49M	65.10M	65.63M	67.85M	67.66M	65.60M	61.82M	64.23M	62.76M	60.23M	58.61M
Weighted Average Basic & Diluted Shares Outstanding	-	62M	63.30M	65.20M	67.71M	61.92M	60.76M	60.76M	55.83M	55.23M	54.34M

This table shows Criteo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	6.58	15	-12	-2.88	6.93	61	7.24	27	6.25	71
Consolidated Net Income / (Loss)	6.52	16	-12	-1.97	6.64	62	8.57	28	6.14	72
Net Income / (Loss) Continuing Operations	6.52	16	-12	-1.97	6.64	62	8.57	28	6.14	72
Total Pre-Tax Income	7.96	43	-17	-0.89	8.47	84	12	37	9.59	97
Total Operating Income	4.48	49	-23	0.96	11	88	10	37	9.60	95
Total Gross Profit	180	247	182	200	205	277	217	233	232	301
Total Revenue	447	564	445	469	469	566	450	471	459	553
Operating Revenue	447	564	445	469	469	566	450	471	459	553
Total Cost of Revenue	267	318	264	269	264	290	233	238	227	252
Operating Cost of Revenue	267	318	264	269	264	290	233	238	227	252
Total Operating Expenses	175	198	205	199	194	188	207	196	222	206
Selling, General & Admin Expense	42	29	40	19	37	42	47	41	46	42
Marketing Expense	90	100	101	113	95	98	93	95	91	97
Research & Development Expense	43	69	64	68	63	48	67	60	85	68
Total Other Income / (Expense), net	3.49	-6.14	6.83	-1.85	-2.97	-4.50	1.18	-0.28	-0.01	2.21
Other Income / (Expense), net	3.49	-6.14	6.83	-1.85	-2.97	-4.50	1.18	-0.28	-0.01	2.21
Income Tax Expense	1.44	26	-4.60	1.08	1.83	22	2.97	8.60	3.45	25
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.06	0.65	-0.26	0.91	-0.29	1.03	1.32	1.07	-0.10	0.85
Basic Earnings per Share	$0.11	$0.26	($0.21)	($0.05)	$0.12	$1.09	$0.13	$0.49	$0.11	$1.31
Weighted Average Basic Shares Outstanding	60.32M	60.00M	56.26M	55.92M	56.30M	56.17M	55.15M	54.68M	54.70M	54.82M
Diluted Earnings per Share	$0.10	$0.28	($0.21)	($0.05)	$0.12	$1.02	$0.12	$0.46	$0.11	$1.21
Weighted Average Diluted Shares Outstanding	63.24M	62.76M	56.26M	55.92M	60.17M	60.23M	59.33M	58.97M	58.43M	58.61M
Weighted Average Basic & Diluted Shares Outstanding	60.21M	55.83M	56.14M	55.81M	56.42M	55.23M	56.69M	55.99M	55.18M	54.34M

This table details how cash moves in and out of Criteo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	72	43	-69	110	-29	54	69	28	-67	-37	-120
Net Cash From Operating Activities	116	137	153	245	261	223	185	221	256	224	258
Net Cash From Continuing Operating Activities	116	137	153	245	261	223	185	221	256	224	258
Net Income / (Loss) Continuing Operations	47	62	87	97	96	96	75	138	11	55	115
Consolidated Net Income / (Loss)	47	62	87	97	96	96	75	138	11	55	115
Amortization Expense	-	-	-	-	112	97	107	91	150	72	88
Non-Cash Adjustments To Reconcile Net Income	37	28	43	65	64	42	33	47	41	49	108
Changes in Operating Assets and Liabilities, net	-0.65	-0.52	-39	-20	-10	-12	-29	-54	54	49	-53
Net Cash From Investing Activities	-75	-102	-313	-106	-227	-104	-101	-76	-166	-109	-98
Net Cash From Continuing Investing Activities	-75	-102	-313	-106	-227	-104	-101	-76	-166	-109	-98
Purchase of Property, Plant & Equipment	-49	-76	-85	-122	-125	-98	-65	-53	-64	-116	-78
Acquisitions	-26	-21	-	-	-	-	-	-10	-138	-6.83	-0.53
Purchase of Investments	-	-	-	-	-	-	-	-	-	-22	-27
Sale of Property, Plant & Equipment	1.71	1.13	7.75	14	-	-	-	-	7.97	1.80	1.48
Divestitures	-	-	-	-	-	-	-	0.00	0.00	8.85	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	47	26	5.95
Net Cash From Financing Activities	31	7.81	91	-29	-63	-59	-58	-80	-113	-147	-270
Net Cash From Continuing Financing Activities	31	7.81	91	-29	-63	-59	-58	-80	-113	-147	-270
Repayment of Debt	-6.53	-8.98	-13	-90	-0.96	-1.02	-167	-1.25	-57	-1.92	1.53
Repurchase of Common Equity	-	-	0.00	0.00	-80	-59	-44	-100	-136	-125	-225
Issuance of Debt	5.63	4.02	84	3.70	0.00	0.00	153	0.00	79	0.00	0.00
Issuance of Common Equity	32	14	20	32	1.47	1.69	1.73	25	1.03	1.95	4.55
Other Financing Activities, net	0.27	-1.00	-0.22	25	17	-1.19	-1.66	-4.04	-0.27	-22	-52
Effect of Exchange Rate Changes	-	-	-	-	-	-5.50	43	-37	-44	-5.14	-10
Cash Interest Paid	-	-	-	2.10	1.70	1.40	2.16	1.49	1.30	1.54	1.36
Cash Income Taxes Paid	-	-	-	-56	67	52	18	29	38	40	41

This table details how cash moves in and out of Criteo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-155	41	-68	-82	-28	141	-69	-50	-7.79	6.95
Net Cash From Operating Activities	42	125	42	1.33	20	161	14	17	58	169
Net Cash From Continuing Operating Activities	42	125	42	1.27	20	161	14	17	58	169
Net Income / (Loss) Continuing Operations	6.52	16	-12	-1.97	6.64	62	8.57	28	6.14	72
Consolidated Net Income / (Loss)	6.52	16	-12	-1.97	6.64	62	8.57	28	6.14	72
Amortization Expense	20	16	27	10	19	16	25	21	21	21
Non-Cash Adjustments To Reconcile Net Income	11	25	17	29	-18	21	30	22	38	19
Changes in Operating Assets and Liabilities, net	4.13	69	9.74	-35	12	62	-50	-54	-7.42	58
Net Cash From Investing Activities	-157	-32	-36	-52	-16	-4.51	-14	-21	-24	-39
Net Cash From Continuing Investing Activities	-157	-32	-36	-52	-16	-4.51	-14	-21	-24	-39
Purchase of Property, Plant & Equipment	-16	-15	-37	-24	-16	-38	-13	-24	-19	-22
Sale of Property, Plant & Equipment	-4.15	0.34	3.98	-21	0.48	19	0.07	2.56	0.50	-1.65
Net Cash From Financing Activities	-22	-77	-72	-24	-29	-22	-62	-40	-52	-116
Net Cash From Continuing Financing Activities	-22	-77	-72	-24	-29	-22	-62	-40	-52	-116
Repayment of Debt	7.77	-0.36	-0.43	-0.50	-0.50	-0.49	-0.43	-0.38	-0.49	2.83
Repurchase of Common Equity	-30	-77	-51	-24	-28	-22	-62	-40	-55	-67
Other Financing Activities, net	0.37	-0.99	-21	0.43	0.25	-1.71	0.40	0.81	3.23	-56
Effect of Exchange Rate Changes	-18	25	-1.18	-7.67	-3.34	7.05	-7.33	-6.17	11	-7.42
Cash Interest Paid	0.33	0.34	0.62	0.06	0.38	0.48	0.33	0.33	0.38	0.33
Cash Income Taxes Paid	8.60	4.44	7.90	23	10	-1.25	1.17	23	12	4.61

This table presents Criteo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	445	494	1,211	1,531	1,597	1,790	1,853	1,984	2,349	2,392	2,266
Total Current Assets	352	354	743	992	934	1,000	1,065	1,264	1,261	1,312	1,224
Cash & Equivalents	352	354	270	414	364	419	488	516	348	336	291
Restricted Cash	-	-	-	-	-	-	-	0.00	25	75	0.25
Short-Term Investments	-	-	-	-	-	-	0.00	50	25	5.97	26
Accounts Receivable	-	-	397	484	474	482	474	582	709	776	801
Prepaid Expenses	-	-	53	58	53	61	70	73	78	69	54
Current Deferred & Refundable Income Taxes	-	-	2.74	8.88	19	22	11	8.78	24	2.07	1.55
Other Current Assets	-	-	19	26	23	17	21	34	52	48	51
Plant, Property, & Equipment, net	52	82	109	162	184	194	190	140	131	126	107
Total Noncurrent Assets	41	58	360	378	479	596	599	579	957	953	935
Long-Term Investments	-	-	-	-	-	0.00	42	5.00	0.00	17	16
Noncurrent Note & Lease Receivables	-	-	17	20	20	22	18	6.44	5.93	5.29	4.33
Goodwill	28	42	209	237	313	317	326	330	515	524	515
Intangible Assets	13	16	103	96	112	87	80	83	176	181	158
Noncurrent Deferred & Refundable Income Taxes	-	-	31	25	34	28	20	35	32	53	81
Other Noncurrent Operating Assets	-	-	-	-	-	142	114	120	228	173	161
Total Liabilities & Shareholders' Equity	16	11	1,211	1,531	1,597	1,790	1,853	1,984	2,349	2,392	2,266
Total Liabilities	16	11	601	634	629	752	701	785	1,268	1,280	1,185
Total Current Liabilities	11	7.82	520	621	605	610	600	673	1,080	1,140	1,047
Accounts Payable	-	-	366	417	425	390	367	430	743	839	803
Accrued Expenses	-	-	-	-	-	-	-	-	66	1.47	1.88
Current Deferred & Payable Income Tax Liabilities	-	-	14	10.00	7.73	3.42	2.63	6.64	13	17	35
Current Employee Benefit Liabilities	-	-	56	66	66	75	85	98	86	113	109
Other Taxes Payable	-	-	45	59	56	50	58	60	58	26	19
Other Current Liabilities	11	7.82	39	69	51	92	87	77	115	143	79
Total Noncurrent Liabilities	5.26	3.27	82	13	24	142	100	113	188	140	139
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.69	2.50	11	9.27	5.30	3.05	3.46	1.08	4.07
Noncurrent Employee Benefit Liabilities	-	-	3.22	5.15	5.54	8.49	6.17	5.53	3.71	4.12	4.71
Other Noncurrent Operating Liabilities	5.26	3.27	78	4.95	7.59	124	89	104	181	135	130
Total Equity & Noncontrolling Interests	0.00	0.00	610	898	968	1,038	1,153	1,198	1,081	1,111	1,081
Total Preferred & Common Equity	0.00	0.00	600	882	944	1,007	1,117	1,163	1,048	1,080	1,049
Total Common Equity	0.00	0.00	600	882	944	1,007	1,117	1,163	1,048	1,080	1,049
Common Stock	-	-	490	594	665	671	695	733	737	771	712
Retained Earnings	-	-	198	300	388	452	491	602	578	555	572
Treasury Stock	-	-	-	0.00	-79	-75	-86	-132	-174	-162	-125
Accumulated Other Comprehensive Income / (Loss)	-	-	-89	-12	-31	-40	16	-40	-92	-85	-109
Noncontrolling Interest	-	-	9.75	16	24	31	36	35	33	32	32

This table presents Criteo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,123	2,191	2,128	2,141	2,206	2,168	2,208
Total Current Assets	1,045	1,125	1,059	1,075	1,158	1,139	1,140
Cash & Equivalents	307	306	223	195	267	217	209
Restricted Cash	25	75	75	75	75	75	75
Short-Term Investments	10	21	21	21	11	16	23
Accounts Receivable	576	546	573	625	611	633	646
Current Deferred & Refundable Income Taxes	16	119	28	117	145	149	9.79
Other Current Assets	110	58	137	42	50	49	177
Plant, Property, & Equipment, net	114	146	144	134	117	116	117
Total Noncurrent Assets	963	920	926	931	931	913	951
Long-Term Investments	0.00	11	16	16	11	5.35	5.60
Noncurrent Note & Lease Receivables	6.86	4.54	5.31	4.98	5.37	5.44	4.96
Goodwill	598	523	523	519	521	520	527
Intangible Assets	77	180	179	174	175	173	170
Noncurrent Deferred & Refundable Income Taxes	49	44	52	56	51	46	71
Other Noncurrent Operating Assets	231	158	151	162	167	163	173
Total Liabilities & Shareholders' Equity	2,123	2,191	2,128	2,141	2,206	2,168	2,208
Total Liabilities	1,046	1,141	1,085	1,106	1,134	1,095	1,123
Total Current Liabilities	863	993	949	961	995	956	975
Accounts Payable	577	602	617	669	630	635	630
Accrued Expenses	60	67	45	1.61	1.39	1.37	1.60
Current Deferred & Payable Income Tax Liabilities	5.60	17	3.74	1.63	15	3.33	15
Current Employee Benefit Liabilities	73	100	100	100	123	94	104
Other Taxes Payable	57	60	61	60	93	89	83
Other Current Liabilities	91	147	122	129	133	132	140
Total Noncurrent Liabilities	182	148	136	145	139	139	148
Noncurrent Deferred & Payable Income Tax Liabilities	2.84	3.88	3.54	3.43	3.17	3.06	3.18
Noncurrent Employee Benefit Liabilities	2.84	4.14	4.36	4.03	4.36	4.23	4.94
Other Noncurrent Operating Liabilities	177	140	128	137	131	131	140
Total Equity & Noncontrolling Interests	1,077	1,050	1,043	1,035	1,073	1,073	1,086
Total Preferred & Common Equity	1,047	1,018	1,012	1,005	1,041	1,043	1,051
Total Common Equity	1,047	1,018	1,012	1,005	1,041	1,043	1,051
Common Stock	763	762	790	813	800	764	731
Retained Earnings	569	552	528	504	543	537	557
Treasury Stock	-153	-211	-214	-212	-204	-154	-153
Accumulated Other Comprehensive Income / (Loss)	-132	-85	-91	-100	-97	-104	-83
Noncontrolling Interest	29	33	31	30	31	30	34

This table displays calculated financial ratios and metrics derived from Criteo's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	33.89%	35.97%	27.65%	0.16%	-1.69%	-8.35%	8.76%	-10.52%	-3.35%	-0.83%
EBITDA Growth	0.00%	21.50%	54.10%	26.83%	9.26%	-8.38%	-8.21%	14.65%	-21.42%	-23.53%	64.72%
EBIT Growth	0.00%	11.35%	67.79%	6.52%	10.69%	-4.62%	-21.10%	43.91%	-72.66%	77.67%	106.75%
NOPAT Growth	0.00%	71.49%	32.48%	18.37%	-4.36%	0.74%	-23.99%	78.73%	-95.38%	799.53%	99.09%
Net Income Growth	0.00%	32.80%	40.23%	10.68%	-0.81%	0.09%	-22.17%	84.29%	-92.10%	402.47%	109.93%
EPS Growth	0.00%	26.39%	37.36%	7.20%	-2.24%	5.34%	-15.94%	80.17%	-93.30%	528.57%	115.91%
Operating Cash Flow Growth	0.00%	17.95%	11.90%	59.94%	6.22%	-14.53%	-16.82%	19.18%	15.88%	-12.40%	15.12%
Free Cash Flow Firm Growth	0.00%	0.00%	-1,027.87%	67.06%	48.82%	509.80%	-14.10%	81.33%	-137.35%	225.96%	-32.66%
Invested Capital Growth	0.00%	69.13%	161.54%	42.42%	24.79%	2.61%	0.59%	0.74%	8.82%	-0.78%	10.45%
Revenue Q/Q Growth	0.00%	0.00%	10.42%	4.90%	-0.17%	-0.77%	0.42%	-0.35%	-4.22%	0.10%	-0.68%
EBITDA Q/Q Growth	0.00%	0.00%	81.14%	14.03%	-2.47%	67.87%	119.69%	-0.79%	-15.01%	39.65%	7.77%
EBIT Q/Q Growth	0.00%	0.00%	19.11%	12.65%	-5.24%	-2.22%	10.00%	1.32%	-38.72%	123.68%	9.11%
NOPAT Q/Q Growth	0.00%	0.00%	1.32%	16.13%	-9.76%	-0.75%	6.01%	22.87%	-85.08%	481.40%	4.58%
Net Income Q/Q Growth	0.00%	0.00%	2.11%	13.68%	-9.64%	-0.68%	7.71%	25.67%	-84.41%	532.31%	9.44%
EPS Q/Q Growth	0.00%	0.00%	0.81%	16.52%	-13.82%	6.15%	7.41%	24.40%	-86.00%	528.57%	11.11%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	3.34%	3.08%	2.60%	-10.54%	-7.62%	11.02%	30.24%	19.05%	3.25%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	78.77%	-181.92%	135.46%	-70.06%	353.91%	48.40%	279.46%	-33.55%
Invested Capital Q/Q Growth	0.00%	0.00%	92.32%	6.22%	11.71%	2.31%	43.13%	5.02%	-7.05%	-6.94%	-3.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.90%	35.66%	35.85%	35.68%	36.27%	36.66%	33.20%	34.69%	39.42%	44.27%	50.84%
EBITDA Margin	9.90%	8.98%	10.18%	10.12%	11.04%	10.28%	10.30%	10.86%	9.54%	7.54%	12.53%
Operating Margin	5.37%	5.77%	6.73%	6.00%	6.40%	6.24%	5.25%	6.74%	1.20%	3.96%	7.83%
EBIT Margin	6.52%	5.43%	6.70%	5.59%	6.17%	5.99%	5.16%	6.82%	2.09%	3.83%	7.99%
Profit (Net Income) Margin	4.75%	4.71%	4.85%	4.21%	4.17%	4.24%	3.60%	6.11%	0.54%	2.80%	5.93%
Tax Burden Percent	72.74%	86.74%	72.50%	75.33%	67.51%	70.84%	69.88%	89.49%	25.86%	73.12%	74.25%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.26%	13.26%	27.50%	24.67%	32.49%	29.16%	30.12%	10.51%	74.14%	26.88%	25.75%
Return on Invested Capital (ROIC)	50.30%	64.10%	37.38%	25.23%	18.27%	16.36%	12.24%	21.74%	0.96%	8.30%	15.77%
ROIC Less NNEP Spread (ROIC-NNEP)	61.09%	60.29%	37.94%	27.33%	19.15%	17.40%	12.53%	21.42%	0.01%	8.74%	15.17%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-8.74%	-12.41%	-7.99%	-6.80%	-5.43%	-10.03%	0.00%	-3.32%	-5.30%
Return on Equity (ROE)	0.00%	0.00%	28.64%	12.82%	10.28%	9.57%	6.82%	11.71%	0.95%	4.98%	10.46%
Cash Return on Invested Capital (CROIC)	0.00%	12.73%	-51.99%	-9.76%	-3.78%	13.79%	11.66%	21.00%	-7.48%	9.08%	5.83%
Operating Return on Assets (OROA)	14.50%	15.29%	14.12%	9.36%	9.08%	8.00%	5.87%	8.02%	1.94%	3.15%	6.63%
Return on Assets (ROA)	10.54%	13.26%	10.24%	7.05%	6.13%	5.67%	4.10%	7.17%	0.50%	2.31%	4.93%
Return on Common Equity (ROCE)	0.00%	0.00%	28.18%	12.60%	10.06%	9.31%	6.61%	11.36%	0.93%	4.84%	10.16%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	14.55%	10.97%	10.16%	9.53%	6.69%	11.83%	1.04%	5.06%	10.93%
Net Operating Profit after Tax (NOPAT)	39	66	88	104	99	100	76	136	6.28	56	112
NOPAT Margin	3.91%	5.00%	4.88%	4.52%	4.32%	4.42%	3.67%	6.03%	0.31%	2.90%	5.81%
Net Nonoperating Expense Percent (NNEP)	-10.79%	3.81%	-0.56%	-2.10%	-0.88%	-1.04%	-0.29%	0.32%	0.95%	-0.44%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	0.58%	5.08%	10.40%
Cost of Revenue to Revenue	64.10%	64.34%	64.15%	64.32%	63.73%	63.34%	66.80%	65.31%	60.58%	55.73%	49.16%
SG&A Expenses to Revenue	6.55%	5.98%	6.53%	5.53%	5.88%	6.18%	5.62%	6.77%	10.18%	7.05%	9.11%
R&D to Revenue	6.08%	6.56%	6.87%	7.57%	7.79%	7.63%	6.39%	6.73%	9.30%	12.43%	14.45%
Operating Expenses to Revenue	30.53%	29.89%	29.12%	29.68%	29.87%	30.41%	27.95%	27.95%	38.22%	40.31%	43.01%
Earnings before Interest and Taxes (EBIT)	64	72	120	128	142	135	107	154	42	75	154
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	98	119	183	232	254	233	213	245	192	147	242
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.36	1.95	1.62	1.10	1.11	2.03	1.50	1.32	2.08
Price to Tangible Book Value (P/TBV)	0.00	0.00	9.10	3.13	2.95	1.84	1.74	3.14	4.40	3.81	5.81
Price to Revenue (P/Rev)	0.00	0.00	1.46	0.75	0.67	0.49	0.60	1.05	0.78	0.73	1.13
Price to Earnings (P/E)	0.00	0.00	31.84	18.83	17.27	12.24	17.24	17.55	175.28	26.82	19.57
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	3.14%	5.31%	5.79%	8.17%	5.80%	5.70%	0.57%	3.73%	5.11%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	6.95	2.73	1.97	1.17	1.19	2.91	1.76	1.52	2.52
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.31	0.57	0.52	0.32	0.36	0.81	0.60	0.53	0.97
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	12.88	5.68	4.69	3.11	3.47	7.46	6.26	6.98	7.77
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	19.58	10.29	8.38	5.33	6.94	11.86	28.62	13.74	12.18
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	26.89	12.71	11.99	7.22	9.75	13.43	191.78	18.18	16.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	15.37	5.38	4.57	3.24	4.00	8.26	4.70	4.58	7.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	8.57	10.24	13.90	0.00	16.62	45.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	0.00	-0.23	-0.45	-0.42	-0.39	-0.43	-0.47	-0.43	-0.38	-0.35
Leverage Ratio	0.00	0.00	2.80	1.82	1.68	1.69	1.66	1.63	1.90	2.16	2.12
Compound Leverage Factor	0.00	0.00	2.80	1.82	1.68	1.69	1.66	1.63	1.90	2.16	2.12
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	1.60%	1.80%	2.50%	2.96%	3.08%	2.94%	3.06%	2.86%	2.95%
Common Equity to Total Capital	0.00%	0.00%	98.40%	98.20%	97.50%	97.04%	96.92%	97.06%	96.94%	97.14%	97.05%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	4.88	3.97	3.78	3.01	3.04	3.98	2.10	2.00	2.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	1.60%	1.72%	2.17%	2.74%	3.02%	3.01%	2.99%	2.96%	2.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	32.30	45.19	1.43	1.60	1.54	1.64	1.77	1.88	1.17	1.15	1.17
Quick Ratio	32.30	45.19	1.28	1.45	1.38	1.48	1.60	1.71	1.00	0.98	1.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	13	-122	-40	-21	84	72	131	-49	62	42
Operating Cash Flow to CapEx	248.01%	184.15%	198.33%	226.21%	207.79%	227.52%	283.12%	416.74%	458.38%	196.17%	336.87%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.22	2.82	2.11	1.67	1.47	1.34	1.14	1.18	0.93	0.82	0.83
Accounts Receivable Turnover	0.00	0.00	0.00	5.21	4.80	4.73	4.34	4.27	3.12	2.63	2.45
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	18.92	19.64	18.83	16.99	13.31	11.96	10.80	13.68	14.88	15.13	16.54
Accounts Payable Turnover	0.00	0.00	0.00	3.77	3.48	3.51	3.66	3.69	2.08	1.37	1.16
Days Sales Outstanding (DSO)	0.00	0.00	0.00	70.03	76.01	77.12	84.16	85.50	116.81	138.98	148.81
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	96.71	104.86	103.92	99.82	98.83	175.23	265.66	315.15
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	-26.68	-28.86	-26.80	-15.66	-13.33	-58.43	-126.68	-166.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	77	130	340	484	603	619	623	627	683	678	748
Invested Capital Turnover	12.87	12.81	7.67	5.58	4.23	3.70	3.34	3.61	3.08	2.87	2.71
Increase / (Decrease) in Invested Capital	0.00	53	210	144	120	16	3.64	4.63	55	-5.30	71
Enterprise Value (EV)	0.00	0.00	2,359	1,320	1,190	722	741	1,825	1,204	1,026	1,882
Market Capitalization	0.00	0.00	2,619	1,718	1,530	1,110	1,236	2,360	1,569	1,429	2,183
Book Value per Share	$0.00	$0.00	$9.41	$13.36	$14.01	$15.72	$18.54	$19.15	$17.41	$19.14	$19.01
Tangible Book Value per Share	($0.69)	($0.95)	$4.51	$8.31	$7.70	$9.41	$11.81	$12.36	$5.93	$6.64	$6.81
Total Capital	0.00	0.00	610	898	968	1,038	1,153	1,198	1,081	1,111	1,081
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-352	-354	-270	-414	-364	-419	-530	-571	-398	-434	-333
Capital Expenditures (CapEx)	47	74	77	109	125	98	65	53	56	114	77
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-11	-7.82	-48	-43	-36	-29	-24	26	-217	-245	-140
Debt-free Net Working Capital (DFNWC)	341	346	223	371	329	390	464	592	181	172	178
Net Working Capital (NWC)	341	346	223	371	329	390	464	592	181	172	178
Net Nonoperating Expense (NNE)	-8.28	3.94	0.40	7.18	3.43	4.07	1.35	-1.74	-4.60	1.82	-2.30
Net Nonoperating Obligations (NNO)	77	130	-270	-414	-364	-419	-530	-571	-398	-434	-333
Total Depreciation and Amortization (D&A)	33	47	63	104	112	97	107	91	150	72	88
Debt-free, Cash-free Net Working Capital to Revenue	-1.10%	-0.59%	-2.64%	-1.89%	-1.56%	-1.27%	-1.15%	1.14%	-10.77%	-12.58%	-7.22%
Debt-free Net Working Capital to Revenue	34.50%	26.13%	12.38%	16.14%	14.28%	17.25%	22.40%	26.24%	8.97%	8.83%	9.18%
Net Working Capital to Revenue	34.50%	26.13%	12.38%	16.14%	14.28%	17.25%	22.40%	26.24%	8.97%	8.83%	9.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.77	$0.96	$1.30	$1.40	$1.33	$1.41	$1.18	$2.21	$0.15	$0.95	$2.04
Adjusted Weighted Average Basic Shares Outstanding	58.93M	61.84M	63.34M	65.14M	66.46M	64.31M	60.88M	60.72M	60.00M	56.17M	54.82M
Adjusted Diluted Earnings per Share	$0.72	$0.91	$1.25	$1.34	$1.31	$1.38	$1.16	$2.09	$0.14	$0.88	$1.90
Adjusted Weighted Average Diluted Shares Outstanding	63.49M	65.10M	65.63M	67.85M	67.66M	65.60M	61.82M	64.23M	62.76M	60.23M	58.61M
Adjusted Basic & Diluted Earnings per Share	$0.77	$0.00	$0.00	$0.00	$0.00	$1.41	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	62M	63.99M	66.14M	67.71M	61.92M	60.76M	60.76M	55.83M	55.23M	54.34M
Normalized Net Operating Profit after Tax (NOPAT)	39	66	88	104	99	100	76	136	17	56	112
Normalized NOPAT Margin	3.91%	5.00%	4.88%	4.52%	4.32%	4.42%	3.67%	6.03%	0.84%	2.90%	5.81%
Pre Tax Income Margin	6.52%	5.43%	6.70%	5.59%	6.17%	5.99%	5.16%	6.82%	2.09%	3.83%	7.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	83.44%	61.05%	58.45%	72.67%	1,247.68%	229.65%	195.79%

This table displays calculated financial ratios and metrics derived from Criteo's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.12%	-13.60%	-12.84%	-5.28%	4.98%	0.33%	1.13%	0.51%	-2.20%	-2.34%
EBITDA Growth	-51.17%	-36.90%	-81.74%	-80.71%	-2.77%	71.86%	245.42%	526.42%	11.24%	17.49%
EBIT Growth	-75.14%	-38.47%	-152.59%	97.77%	6.33%	97.22%	169.21%	4,204.59%	13.31%	15.38%
NOPAT Growth	-84.94%	-74.25%	-188.55%	101.70%	144.34%	255.93%	146.76%	4,112.19%	-31.37%	7.53%
Net Income Growth	-73.09%	-78.58%	-156.73%	94.02%	1.75%	286.63%	170.96%	1,523.59%	-7.40%	15.94%
EPS Growth	-72.97%	-75.44%	-165.63%	91.07%	20.00%	264.29%	157.14%	1,020.00%	-8.33%	18.63%
Operating Cash Flow Growth	-18.66%	90.05%	-44.00%	-90.50%	-52.88%	28.60%	-66.60%	1,194.20%	193.17%	5.03%
Free Cash Flow Firm Growth	3.29%	-155.39%	-593.56%	-706.39%	111.64%	291.32%	11.93%	85.80%	-349.57%	-100.74%
Invested Capital Growth	22.95%	8.82%	9.57%	31.57%	-0.89%	-0.78%	11.17%	7.39%	6.17%	10.45%
Revenue Q/Q Growth	-9.73%	26.29%	-21.16%	5.37%	0.06%	20.70%	-20.53%	4.72%	-2.63%	20.52%
EBITDA Q/Q Growth	-41.19%	106.72%	-81.68%	-13.41%	196.52%	265.38%	-63.18%	57.04%	-47.35%	285.92%
EBIT Q/Q Growth	119.86%	433.72%	-139.21%	94.64%	1,048.15%	889.96%	-86.24%	217.76%	-73.83%	908.07%
NOPAT Q/Q Growth	109.27%	400.92%	-189.53%	104.08%	1,234.73%	629.69%	-88.24%	267.75%	-78.25%	1,043.30%
Net Income Q/Q Growth	119.78%	146.11%	-175.21%	83.67%	436.63%	835.21%	-86.20%	227.56%	-78.10%	1,070.96%
EPS Q/Q Growth	117.86%	180.00%	-175.00%	76.19%	340.00%	750.00%	-88.12%	283.33%	-76.09%	1,000.00%
Operating Cash Flow Q/Q Growth	197.94%	201.37%	-66.55%	-96.84%	1,376.96%	722.58%	-91.31%	22.62%	234.57%	194.69%
Free Cash Flow Firm Q/Q Growth	-578.56%	72.31%	-95.25%	-134.37%	109.18%	355.26%	-189.88%	62.22%	-61.43%	98.66%
Invested Capital Q/Q Growth	36.63%	-7.05%	-6.64%	10.96%	2.92%	-6.94%	4.60%	7.19%	1.74%	-3.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.19%	43.69%	40.79%	42.60%	43.72%	48.85%	48.27%	49.40%	50.54%	54.42%
EBITDA Margin	6.29%	10.30%	2.39%	1.97%	5.83%	17.64%	8.17%	12.25%	6.63%	21.22%
Operating Margin	1.00%	8.62%	-5.28%	0.20%	2.44%	15.60%	2.30%	7.84%	2.09%	17.09%
EBIT Margin	1.78%	7.53%	-3.75%	-0.19%	1.80%	14.80%	2.56%	7.78%	2.09%	17.49%
Profit (Net Income) Margin	1.46%	2.84%	-2.71%	-0.42%	1.41%	10.96%	1.90%	5.95%	1.34%	13.01%
Tax Burden Percent	81.89%	37.76%	72.43%	220.72%	78.36%	74.03%	74.26%	76.55%	64.04%	74.39%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.11%	62.24%	0.00%	0.00%	21.64%	25.97%	25.74%	23.45%	35.96%	25.61%
Return on Invested Capital (ROIC)	2.59%	10.02%	-11.83%	0.44%	5.09%	33.09%	4.96%	16.01%	3.48%	34.47%
ROIC Less NNEP Spread (ROIC-NNEP)	1.96%	10.50%	-12.68%	1.02%	5.80%	33.89%	4.74%	16.07%	3.48%	34.04%
Return on Net Nonoperating Assets (RNNOA)	-0.79%	-4.46%	5.81%	-0.43%	-1.78%	-12.86%	-1.73%	-4.93%	-1.02%	-11.90%
Return on Equity (ROE)	1.81%	5.56%	-6.01%	0.01%	3.30%	20.23%	3.23%	11.08%	2.46%	22.57%
Cash Return on Invested Capital (CROIC)	-14.27%	-7.48%	-12.22%	-25.99%	2.23%	9.08%	1.49%	7.90%	8.34%	5.83%
Operating Return on Assets (OROA)	1.91%	7.01%	-3.56%	-0.18%	1.65%	12.17%	2.28%	7.08%	1.87%	14.52%
Return on Assets (ROA)	1.56%	2.65%	-2.58%	-0.40%	1.29%	9.01%	1.69%	5.42%	1.20%	10.80%
Return on Common Equity (ROCE)	1.76%	5.39%	-5.84%	0.01%	3.21%	19.63%	3.13%	10.75%	2.39%	21.91%
Return on Equity Simple (ROE_SIMPLE)	6.66%	0.00%	-2.21%	0.84%	0.86%	0.00%	7.23%	10.10%	9.97%	0.00%
Net Operating Profit after Tax (NOPAT)	3.67	18	-16	0.67	8.96	65	7.69	28	6.15	70
NOPAT Margin	0.82%	3.25%	-3.70%	0.14%	1.91%	11.55%	1.71%	6.00%	1.34%	12.71%
Net Nonoperating Expense Percent (NNEP)	0.64%	-0.48%	0.85%	-0.58%	-0.72%	-0.80%	0.23%	-0.07%	0.00%	0.43%
Return On Investment Capital (ROIC_SIMPLE)	-	1.70%	-	-	-	5.88%	-	-	-	6.50%
Cost of Revenue to Revenue	59.81%	56.31%	59.21%	57.40%	56.28%	51.15%	51.73%	50.60%	49.46%	45.58%
SG&A Expenses to Revenue	9.48%	5.13%	9.03%	3.95%	7.80%	7.46%	10.48%	8.74%	10.07%	7.51%
R&D to Revenue	9.56%	12.29%	14.29%	14.45%	13.33%	8.55%	14.86%	12.65%	18.59%	12.22%
Operating Expenses to Revenue	39.19%	35.07%	46.07%	42.40%	41.28%	33.25%	45.97%	41.57%	48.45%	37.33%
Earnings before Interest and Taxes (EBIT)	7.96	43	-17	-0.89	8.47	84	12	37	9.59	97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	28	58	11	9.22	27	100	37	58	30	117
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.56	1.50	1.73	1.87	1.62	1.32	1.90	2.05	2.14	2.08
Price to Tangible Book Value (P/TBV)	4.40	4.40	5.59	6.10	5.21	3.81	5.73	6.11	6.36	5.81
Price to Revenue (P/Rev)	0.78	0.78	0.90	0.98	0.84	0.73	1.01	1.09	1.16	1.13
Price to Earnings (P/E)	24.34	175.28	0.00	259.67	213.26	26.82	27.36	20.93	22.20	19.57
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.11%	0.57%	0.00%	0.39%	0.47%	3.73%	3.65%	4.78%	4.51%	5.11%
Enterprise Value to Invested Capital (EV/IC)	1.80	1.76	2.16	2.25	1.86	1.52	2.32	2.44	2.55	2.52
Enterprise Value to Revenue (EV/Rev)	0.63	0.60	0.71	0.83	0.69	0.53	0.84	0.95	1.01	0.97
Enterprise Value to EBITDA (EV/EBITDA)	5.86	6.26	9.53	14.98	12.84	6.98	9.50	8.37	8.78	7.77
Enterprise Value to EBIT (EV/EBIT)	19.31	28.62	0.00	48.30	40.48	13.74	15.99	13.21	13.94	12.18
Enterprise Value to NOPAT (EV/NOPAT)	31.51	191.78	0.00	200.46	139.26	18.18	20.26	16.83	18.37	16.74
Enterprise Value to Operating Cash Flow (EV/OCF)	6.74	4.70	6.18	7.55	7.18	4.58	8.38	8.74	7.90	7.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	83.09	16.62	164.35	32.01	31.54	45.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.40	-0.43	-0.46	-0.42	-0.31	-0.38	-0.37	-0.31	-0.29	-0.35
Leverage Ratio	1.77	1.90	1.82	1.86	2.02	2.16	2.07	2.03	2.05	2.12
Compound Leverage Factor	1.77	1.90	1.82	1.86	2.02	2.16	2.07	2.03	2.05	2.12
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.73%	3.06%	3.10%	2.95%	2.86%	2.86%	2.90%	2.83%	3.14%	2.95%
Common Equity to Total Capital	97.27%	96.94%	96.90%	97.05%	97.14%	97.14%	97.10%	97.17%	96.86%	97.05%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.42	2.10	2.22	2.36	2.20	2.01	2.38	2.58	2.54	2.55
Noncontrolling Interest Sharing Ratio	2.89%	2.99%	2.96%	2.88%	2.80%	2.96%	3.00%	2.89%	3.01%	2.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.17	1.13	1.12	1.12	1.15	1.16	1.19	1.17	1.17
Quick Ratio	1.03	1.00	0.88	0.86	0.87	0.98	0.89	0.91	0.90	1.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-133	-37	-72	-169	16	71	-64	-24	-39	-0.52
Operating Cash Flow to CapEx	204.99%	863.90%	126.33%	2.92%	123.76%	817.99%	106.00%	81.38%	304.26%	724.35%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.07	0.93	0.95	0.96	0.91	0.82	0.89	0.91	0.90	0.83
Accounts Receivable Turnover	4.15	3.12	3.81	3.62	3.24	2.63	3.38	3.24	3.06	2.45
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	15.92	14.88	14.17	14.38	15.66	15.13	14.86	15.08	15.50	16.54
Accounts Payable Turnover	2.83	2.08	2.37	2.20	1.79	1.37	1.71	1.64	1.52	1.16
Days Sales Outstanding (DSO)	88.01	116.81	95.90	100.87	112.51	138.98	107.99	112.49	119.15	148.81
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	128.82	175.23	153.84	165.98	203.91	265.66	212.94	222.87	239.88	315.15
Cash Conversion Cycle (CCC)	-40.81	-58.43	-57.94	-65.12	-91.40	-126.68	-104.95	-110.38	-120.73	-166.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	735	683	637	707	728	678	709	760	773	748
Invested Capital Turnover	3.16	3.08	3.20	3.09	2.66	2.87	2.90	2.67	2.59	2.71
Increase / (Decrease) in Invested Capital	137	55	56	170	-6.57	-5.30	71	52	45	71
Enterprise Value (EV)	1,325	1,204	1,379	1,589	1,352	1,026	1,646	1,855	1,974	1,882
Market Capitalization	1,638	1,569	1,759	1,894	1,630	1,429	1,979	2,138	2,253	2,183
Book Value per Share	$17.28	$17.41	$18.23	$18.03	$18.01	$19.14	$18.88	$18.40	$18.78	$19.01
Tangible Book Value per Share	$6.14	$5.93	$5.64	$5.53	$5.60	$6.64	$6.26	$6.18	$6.33	$6.81
Total Capital	1,077	1,081	1,050	1,043	1,035	1,111	1,073	1,073	1,086	1,081
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-342	-398	-413	-336	-307	-434	-364	-314	-313	-333
Capital Expenditures (CapEx)	20	15	33	46	16	20	13	21	19	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-161	-217	-270	-210	-177	-245	-190	-125	-141	-140
Debt-free Net Working Capital (DFNWC)	182	181	132	110	114	172	163	183	166	178
Net Working Capital (NWC)	182	181	132	110	114	172	163	183	166	178
Net Nonoperating Expense (NNE)	-2.85	2.32	-4.37	2.64	2.33	3.33	-0.88	0.22	0.01	-1.64
Net Nonoperating Obligations (NNO)	-342	-398	-413	-336	-307	-434	-364	-314	-313	-333
Total Depreciation and Amortization (D&A)	20	16	27	10	19	16	25	21	21	21
Debt-free, Cash-free Net Working Capital to Revenue	-7.63%	-10.77%	-13.82%	-10.89%	-9.09%	-12.58%	-9.70%	-6.39%	-7.26%	-7.22%
Debt-free Net Working Capital to Revenue	8.62%	8.97%	6.78%	5.69%	5.85%	8.83%	8.36%	9.36%	8.51%	9.18%
Net Working Capital to Revenue	8.62%	8.97%	6.78%	5.69%	5.85%	8.83%	8.36%	9.36%	8.51%	9.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.11	$0.26	($0.21)	($0.05)	$0.12	$1.09	$0.13	$0.49	$0.11	$1.31
Adjusted Weighted Average Basic Shares Outstanding	60.32M	60.00M	56.26M	55.92M	56.30M	56.17M	55.15M	54.68M	54.70M	54.82M
Adjusted Diluted Earnings per Share	$0.10	$0.28	($0.20)	($0.05)	$0.12	$1.02	$0.12	$0.46	$0.11	$1.21
Adjusted Weighted Average Diluted Shares Outstanding	63.24M	62.76M	60.49M	55.92M	60.17M	60.23M	59.33M	58.97M	58.43M	58.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.21M	55.83M	56.14M	55.81M	56.42M	55.23M	56.69M	55.99M	55.18M	54.34M
Normalized Net Operating Profit after Tax (NOPAT)	3.67	34	-16	0.67	8.96	65	7.69	28	6.15	70
Normalized NOPAT Margin	0.82%	6.03%	-3.70%	0.14%	1.91%	11.55%	1.71%	6.00%	1.34%	12.71%
Pre Tax Income Margin	1.78%	7.53%	-3.75%	-0.19%	1.80%	14.80%	2.56%	7.78%	2.09%	17.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	124.10%	1,247.68%	-793.86%	2,124.96%	2,081.43%	229.65%	181.46%	145.40%	171.37%	195.79%

Frequently Asked Questions About Criteo's Financials

When does Criteo's fiscal year end?

According to the most recent income statement we have on file, Criteo's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Criteo's net income changed over the last 10 years?

Over the last 10 years, Criteo's net income changed from $46.90 million in 2014 to $114.71 million in 2024, a change of 144.6%.

What is Criteo's operating income?

Criteo's total operating income in 2024 was $151.40 million, based on the following breakdown:

Total Gross Profit: $982.97 million
Total Operating Expenses: $831.57 million

How has Criteo revenue changed over the last 10 years?

Over the last 10 years, Criteo's total revenue changed from $988.25 million in 2014 to $1.93 billion in 2024, a change of 95.6%.

How much debt does Criteo have?

Criteo's total liabilities were at $1.19 billion at the end of 2024, a 7.4% decrease from 2023, and a 7,238.3% increase since 2014.

How much cash does Criteo have?

In the past 10 years, Criteo's cash and equivalents has ranged from $270.32 million in 2016 to $515.53 million in 2021, and is currently $290.69 million as of their latest financial filing in 2024.

How has Criteo's book value per share changed over the last 10 years?

Over the last 10 years, Criteo's book value per share changed from 0.00 in 2014 to 19.01 in 2024, a change of 1,901.3%.

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This page (NASDAQ:CRTO) was last updated on 4/29/2025 by MarketBeat.com Staff

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Criteo (CRTO) Financials

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