IBEXNasdaqServices-Computer Processing & Data PreparationFiscal year ends June 30
IBEX Ltd
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Sep 10, 2026
$45.69+0.04 (+0.10%)
Close on Oct 19, 2026
- Market cap
- $680.42M
- P/E (TTM)
- 14.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2026
Gross margin
29.2%+4.8 pts over 5 years
Operating margin
8.5%+4.7 pts over 5 years
Net margin
7.2%+4.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +15.4% | +7.2% | +7.8% | – | |
| Gross profit | +8.9% | +8.3% | +11.7% | – | |
| Operating income | +17.9% | +10.7% | +26.4% | – | |
| Net income | +25.7% | +13.6% | +28.8% | – | |
| EPS, diluted | +32.6% | +23.3% | +34.5% | – | |
| Free cash flow | +14.3% | +10.8% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 23.1% | 30.4% | |
| Return on assets | – | 5.6% | 15.9% | |
| Current ratio | – | 1.34 | 2.10 | |
| Debt to equity | – | 0.35 | 0.01 | |
| Net debt to EBITDA | – | -0.80× | -0.41× | |
| Interest coverage | – | 9.0× | 58.7× | |
| Capex to revenue | – | 4.7% | 4.3% | |
| Diluted shares | – | 18M | 15M |
Where the cash went
Fiscal 2022 to 2026, five years combined
IBEX generated $222.43M from operations and spent $217.54M on capital expenditure, dividends and share buybacks. 46% of that went back into the business.
Generated
$222.43M
Used
$217.54M
Capital expenditure$99.91M46%Dividends$00%Share buybacks$117.63M54%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.2%
×Asset turnover2.21×
×Equity multiplier1.91×
=Return on equity, FY202630.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 7.2% | 2.21× | 1.91× | 30.4% |
| FY2025 | 6.6% | 1.97× | 1.89× | 24.6% |
| FY2024 | 6.6% | 1.73× | 1.86× | 21.3% |
| FY2023 | 6.0% | 1.78× | 2.23× | 24.0% |
| FY2022 | 4.4% | 1.73× | 2.73× | 20.6% |
| FY2021 | 3.0% | 1.89× | 4.14× | 23.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
8of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$46.33M
- Cash generatingOperating cash flow above zero$59.00M
- Return on assets improvedROA up on the prior year12.5% → 17.0%
- Earnings backed by cashOperating cash flow above net income$59.00M vs $46.33M
- Less leverageLong-term debt to assets fell0.3% → 0.3%
- Better liquidityCurrent ratio rose1.82 → 2.10
- No dilutionShare count did not rise16M → 15M
- Gross margin improvedGross margin up on the prior year30.91% → 29.17%
- More efficientAsset turnover rose1.90 → 2.36