Criteo S.A.

CRTO · Technology · $1.1B mkt cap · FY2025 filings · Narrow moat

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Narrow moat

The four filters

Pricing power47

Median gross margin 36.5% over 10y, stable.

Returns on capital80

Median ROIC 17.0%, above the 9% hurdle in 80% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 82x.

Capital discipline64

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $22.34
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CRTO. See the disclaimer.