Globant S.a. key statistics and ratios

In fiscal 2025, Globant S.a. had return on equity of 5.1%, an operating margin of 7.0%, debt equal to 17.5% of equity and a current ratio of 1.64. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Globant S.a.: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	36.8%	40.7%	36.3%	39.0%	38.5%	37.4%	38.2%	37.6%	36.1%	35.7%	35.0%
Operating margin	9.3%	15.4%	8.0%	12.8%	12.2%	10.3%	11.1%	11.6%	9.5%	9.3%	7.0%
Net margin	12.5%	11.1%	7.4%	9.9%	8.2%	6.7%	7.4%	8.4%	7.6%	6.9%	4.2%
Free-cash-flow margin	−7.5%	4.3%	5.7%	9.2%	9.0%	8.7%	10.5%	8.5%	13.0%	9.1%	11.5%
Return on equity	19.8%	19.5%	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%
Asset turnover	—	1.13	1.29	1.32	1.17	0.82	0.82	0.87	0.85	0.82	0.76
Current ratio	—	2.43	2.11	2.29	1.89	2.60	2.12	2.00	1.39	1.65	1.64
Debt to equity	0.0%	0.1%	2.3%	0.0%	11.7%	3.0%	0.9%	0.2%	9.2%	14.9%	17.5%
Interest cover (operating income ÷ interest)	—	—	—	—	17.2x	11.4x	22.8x	22.2x	19.1x	11.8x	6.2x
Effective tax rate	36.8%	28.5%	21.0%	23.5%	21.8%	29.2%	22.8%	22.5%	20.0%	19.7%	25.3%
Capital spending as % of revenue	5.4%	5.5%	4.7%	3.7%	3.1%	3.6%	3.3%	2.6%	2.2%	1.1%	0.8%
Free cash flow ÷ net income	−59.7%	38.5%	76.6%	92.9%	109.9%	130.2%	141.8%	101.1%	172.5%	133.3%	274.0%
Dividends and buybacks ÷ free cash flow	—	—	—	—	0.0%	0.0%	5.3%	6.2%	4.2%	4.8%	19.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · December 31, 2025

What it owns · $3.3bn

Short-term assets $954mLonger-term assets $2.4bn

What it owes, and who funded it · $3.3bn

Short-term liabilities $580mLonger-term liabilities $576mShareholders' equity $2.1bn

Short-term assets cover short-term liabilities $954m of assets due within a year against $580m of liabilities due within a year.
Short-term assets cover long-term liabilities $954m short-term assets against $576m of longer-dated liabilities.
More cash than debt $244m of cash against $347m of debt.
Debt below 40% of shareholders' equity Debt is 17% of equity.
Debt burden no higher than five years ago Debt to equity moved from 3% to 17% over five years.
A year's operating cash flow covers at least 20% of debt $301m of operating cash flow against $347m of debt.
Operating profit covers interest at least five times over Operating income of $172m against $28m of interest.

From Globant S.a.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Globant S.a.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Globant S.a.