Globant S.A. (GLOB) stock analysis
Close on Nov 11, 2026Market cap $2.03BP/E 20.2Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak7 of 30 checks passed
Globant passes 7 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 1/6
- Past performance
- 3/6
- Financial health
- 3/6
- Dividend
- 0/6
What stands out
Low debt
Debt is 17.5% of shareholders' equity, under the 40% we consider low.
Earnings grew over 5 years
Net income grew 13.7% a year on average over the last five fiscal years.
Revenue growing 10%+ a year
Revenue grew 11.3% a year over the last three fiscal years.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 82.1% of total debt.
What to watch
Return on equity under 15%
Return on equity was 5.1% over the last twelve months and averaged 8.6% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was 5.9%, below the 10% that usually covers the cost of capital.
EPS growing under 10% a year
Diluted EPS grew -12.9% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -37.9% over the last twelve months, against a 5-year average of 13.7% a year.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth1/6
Revenue growing 10%+ a year
Revenue grew 11.3% a year over the last three fiscal years.
EPS growing under 10% a year
Diluted EPS grew -12.9% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -37.9% over the last twelve months, against a 5-year average of 13.7% a year.
Growing slower than the industry
Revenue grew 1.6% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin slipping
Gross margin was 35.0% over the last twelve months, against 35.7% a year earlier.
Past performance3/6
Return on equity under 15%
Return on equity was 5.1% over the last twelve months and averaged 8.6% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was 5.9%, below the 10% that usually covers the cost of capital.
Return on equity above the industry
Globant's return on equity of 5.1% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -1.2%.
Earnings grew over 5 years
Net income grew 13.7% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 4.2% over the last twelve months, against a 5-year average of 6.9%.
Net margin above the industry
Globant's net margin of 4.2% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Financial health3/6
Low debt
Debt is 17.5% of shareholders' equity, under the 40% we consider low.
Debt rising against equity
Debt to equity rose from 3.0% five years ago to 17.5%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 82.1% of total debt.
Interest not well covered
Operating income covers interest expense 4.2 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 1.64 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Globant has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Globant. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $43.88M
- Value traded per 1% price move
- $15.54M
Downside
High risk
- Typical loss in a bad month
- 33.5%
- Volatility (annualized)
- 60%
- Sharpe ratio, 1 year
- -0.53
- Beta to the S&P 500 (5Y)
- 1.59
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.6% | +11.3% | +24.7% | +25.5% | |
| Gross profit | -0.5% | +8.7% | +23.1% | +24.8% | |
| Operating income | -23.8% | -6.0% | +15.4% | +21.9% | |
| Net income | -37.9% | -11.6% | +13.7% | +12.5% | |
| EPS, diluted | -38.4% | -12.9% | +10.8% | +9.8% | |
| Free cash flow | +27.6% | +23.3% | +31.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 5.1% | |
| Return on assets | – | 5.5% | 3.2% | |
| Current ratio | 2.43 | 2.60 | 1.64 | |
| Debt to equity | – | 0.03 | 0.18 | |
| Interest coverage | 2.6× | 8.0× | 4.2× | |
| Capex to revenue | 5.5% | 3.6% | 0.8% | |
| Diluted shares | 35M | 40M | 45M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Globant generated $1.24B from operations and spent $276.79M on capital expenditure, dividends and share buybacks. 66% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.2% | 0.76× | 1.59× | 5.1% |
| FY2024 | 6.9% | 0.82× | 1.59× | 9.0% |
| FY2023 | 7.6% | 0.85× | 1.52× | 9.8% |
| FY2022 | 8.4% | 0.87× | 1.45× | 10.6% |
| FY2021 | 7.4% | 0.82× | 1.45× | 8.8% |
| FY2018 | 9.9% | 1.32× | 1.32× | 17.2% |
| FY2017 | 7.4% | 1.29× | 1.36× | 12.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$102.92M
- Cash generatingOperating cash flow above zero$301.18M
- Return on assets improvedROA up on the prior year6.1% → 3.3%
- Earnings backed by cashOperating cash flow above net income$301.18M vs $102.92M
- Less leverageLong-term debt to assets fell9.2% → 10.5%
- Better liquidityCurrent ratio rose1.65 → 1.64
- No dilutionShare count did not rise45M → 45M
- Gross margin improvedGross margin up on the prior year35.74% → 35.00%
- More efficientAsset turnover rose0.89 → 0.78
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