Tearsheet

Globant (GLOB)


Market Price (12/28/2025): $67.48 | Market Cap: $3.0 Bil
Sector: Information Technology | Industry: IT Consulting & Other Services

Globant (GLOB)


Market Price (12/28/2025): $67.48
Market Cap: $3.0 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
Weak multi-year price returns
2Y Excs Rtn is -117%, 3Y Excs Rtn is -141%
Key risks
GLOB key risks include [1] a major revenue slowdown while navigating a challenging transition to new AI-centric business models, Show more.
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%
Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14%
 
2 Attractive yield
FCF Yield is 5.1%
  
3 Megatrend and thematic drivers
Megatrends include Cloud Computing, Artificial Intelligence, and E-commerce & Digital Retail. Themes include Software as a Service (SaaS), Show more.
  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%
2 Attractive yield
FCF Yield is 5.1%
3 Megatrend and thematic drivers
Megatrends include Cloud Computing, Artificial Intelligence, and E-commerce & Digital Retail. Themes include Software as a Service (SaaS), Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -117%, 3Y Excs Rtn is -141%
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14%
6 Key risks
GLOB key risks include [1] a major revenue slowdown while navigating a challenging transition to new AI-centric business models, Show more.

Valuation, Metrics & Events

GLOB Stock


Why The Stock Moved


Qualitative Assessment

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Here are the key points highlighting why Globant (GLOB) stock moved by 0.3% from August 31, 2025, to December 28, 2025:

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<b>1. Mixed Q2 2025 Financial Results and Outlook:</b> While reported before the period on August 14, 2025, Globant's second-quarter 2025 financial results significantly influenced investor sentiment entering the period. The company reported revenues of $614.2 million, a 4.5% year-over-year increase, but slightly missed analyst expectations for both revenue and EPS, which stood at $1.53 non-IFRS adjusted diluted EPS. This led to an approximately 8.5% drop in shares during after-hours trading, despite the company highlighting a record-high pipeline of $3.7 billion, signaling strong future demand and an optimistic outlook on AI-driven growth.

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<b>2. Mixed Q3 2025 Financial Results and Share Repurchase Program:</b> On November 13, 2025, Globant announced its third-quarter 2025 results, reporting revenues of $617.1 million, which exceeded its own guidance, but presented mixed EPS performance (Non-IFRS Adjusted Diluted EPS of $1.53, beating some estimates but missing others). Following this, shares declined approximately 4.3% in after-hours trading, primarily due to missed profitability metrics. However, the announcement of a share repurchase program during the quarter, as part of its capital allocation strategy, might have provided some offsetting positive sentiment by signaling management's confidence.

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<b>3. Strategic Partnerships and Continued AI-Driven Initiatives:</b> During this timeframe, Globant engaged in several strategic initiatives and partnerships reinforcing its focus on AI and digital transformation. Notably, on November 7, 2025, and November 25, 2025, Globant announced an expanded partnership with FIFA to deliver innovative digital services, including transforming LALIGA's operations with its AI Pods subscription model. Additionally, on December 2, 2025, Globant was recognized by Salesforce for achieving expert-level implementation in next-gen platforms such as MuleSoft, Data Cloud, and Agentforce, further solidifying its market position in advanced technology solutions.

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<b>4. Favorable IT Services Market Trends:</b> The broader IT services market demonstrated resilience and growth throughout 2025, offering a supportive backdrop for Globant. Global IT spending was projected to grow by approximately 9.8% in 2025, with significant double-digit growth in software and data center segments. The market saw increasing demand for digital transformation, cloud adoption, and AI-driven services, with AI emerging as a dominant technology deeply integrated into core business processes and driving service provider demand. The Americas IT and business services market, in particular, hit a record high in the fourth quarter, powered by AI-driven demand for cloud services.

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<b>5. Mixed Analyst Sentiment and Valuation:</b> Analyst ratings for Globant during this period were generally a "Hold" with some "Buy" recommendations, reflecting a cautious but not entirely negative outlook. As of December 26, 2025, Globant had a "Hold" consensus rating among 14 analysts, with an average price target of $95.71, suggesting potential upside. An article on December 11, 2025, discussed Globant's 2025 AI and Cloud expansion potentially creating a new value opportunity, noting that despite being down significantly year-to-date, the stock had risen modestly in the preceding month, indicating a re-evaluation of its valuation in light of its strategic focus on AI and cloud partnerships.

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Stock Movement Drivers

Fundamental Drivers

The 16.3% change in GLOB stock from 9/27/2025 to 12/27/2025 was primarily driven by a 30.3% change in the company's P/E Multiple.
927202512272025Change
Stock Price ($)58.0167.4816.32%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2482.412484.890.10%
Net Income Margin (%)4.43%3.97%-10.41%
P/E Multiple23.3530.4330.31%
Shares Outstanding (Mil)44.3044.50-0.46%
Cumulative Contribution16.32%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
GLOB16.3% 
Market (SPY)4.3%39.7%
Sector (XLK)5.1%30.0%

Fundamental Drivers

The -26.0% change in GLOB stock from 6/28/2025 to 12/27/2025 was primarily driven by a -35.4% change in the company's Net Income Margin (%).
628202512272025Change
Stock Price ($)91.1367.48-25.95%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2455.702484.891.19%
Net Income Margin (%)6.15%3.97%-35.45%
P/E Multiple26.5830.4314.51%
Shares Outstanding (Mil)44.0644.50-1.01%
Cumulative Contribution-25.96%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
GLOB-26.0% 
Market (SPY)12.6%36.4%
Sector (XLK)17.0%26.2%

Fundamental Drivers

The -69.0% change in GLOB stock from 12/27/2024 to 12/27/2025 was primarily driven by a -45.2% change in the company's Net Income Margin (%).
1227202412272025Change
Stock Price ($)217.6067.48-68.99%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2353.912484.895.56%
Net Income Margin (%)7.25%3.97%-45.23%
P/E Multiple55.3530.43-45.02%
Shares Outstanding (Mil)43.4244.50-2.49%
Cumulative Contribution-69.01%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
GLOB-69.0% 
Market (SPY)17.0%49.0%
Sector (XLK)24.0%47.0%

Fundamental Drivers

The -57.9% change in GLOB stock from 12/28/2022 to 12/27/2025 was primarily driven by a -52.2% change in the company's Net Income Margin (%).
1228202212272025Change
Stock Price ($)160.3467.48-57.91%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1669.342484.8948.86%
Net Income Margin (%)8.31%3.97%-52.19%
P/E Multiple48.5530.43-37.31%
Shares Outstanding (Mil)41.9844.50-6.00%
Cumulative Contribution-58.07%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
GLOB-71.9% 
Market (SPY)48.0%46.2%
Sector (XLK)53.5%43.3%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
GLOB Return105%44%-46%42%-10%-68%-36%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
GLOB Win Rate83%58%33%42%42%25% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
GLOB Max Drawdown-31%-12%-49%-18%-36%-74% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventGLOBS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-61.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven158.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-46.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven85.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven47 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-28.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven38.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven88 days120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Globant's stock fell -61.3% during the 2022 Inflation Shock from a high on 11/9/2021. A -61.3% loss requires a 158.6% gain to breakeven.

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About Globant (GLOB)

Globant S.A. operates as a technology services company worldwide. It offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools. The company also provides smart farming, image diagnosis, healthcare interoperability, genomics data processing, telemedicine and medical device, research and development, and precision medicine services; media and entertainment, and travel and hospitality services; cloud transformation advice, building cloud environment, moving workloads to the cloud, cloud support and operation, chaos engineering, and site reliability engineering services; and data strategies, insights, data platforms, MLOps, and data as a product services. In addition, it offers agile delivery, blockchain, business and cultural hacking, conversational interface, cybersecurity, design, digital sales and marketing, enterprise applications, internet of thing, metaverse, process optimization, quality engineering, salesforce, smart venue, UI engineering, and sustainable business solutions. Further, the company provides smart underwriting, monitoring, and digital collection services; digital experience platforms; product strategy, management, and delivery services; and strategic architecture consulting, platforms evolution, and augmented composable solutions. Additionally, it operates augmented coding and testing, StarMeUp, PagoChat, ShopChat, and Walmeric platforms. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg.

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Here are 1-2 brief analogies to describe Globant:

  • Accenture for digital product development and transformation.
  • A more agile and design-focused Deloitte Digital.

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Here are the major services provided by Globant:
  • Digital Transformation & Consulting: Globant provides strategic consulting and end-to-end execution to help clients innovate and transform their businesses through technology.
  • Software Product Development: They design, build, and evolve custom software products, digital platforms, and mobile applications for various industries.
  • Experience Design (UX/UI): Globant creates user-centric strategies and designs engaging user experiences and interfaces for digital products and services.
  • AI, Data & Analytics Solutions: They develop and implement artificial intelligence, machine learning, and data analytics solutions to derive insights and automate processes.
  • Cloud Services: Globant offers expertise in cloud strategy, migration, architecture, and optimization to leverage cloud computing platforms effectively.
  • DevOps & Agile Enablement: They help organizations adopt Agile methodologies and DevOps practices to accelerate software delivery and enhance operational efficiency.
  • Quality Assurance & Testing: Globant ensures the reliability, performance, and security of digital products through comprehensive quality assurance and testing services.

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Globant (symbol: GLOB) primarily sells its services to other companies (B2B) across a wide range of industries globally.

According to its annual reports (e.g., the 2023 10-K), Globant has a highly diversified customer base, with no single customer accounting for more than 5% of its revenues for the years ended December 31, 2023, 2022, and 2021. This indicates that the company does not have a few "major customers" in terms of revenue concentration, but rather serves numerous clients.

While Globant works with hundreds of leading global brands, some examples of prominent companies they have mentioned working with, or whose industries they heavily serve, include:

  • Technology & Media companies: Such as Google (GOOGL) and Electronic Arts (EA).
  • Financial Services firms: Such as JPMorgan Chase (JPM) and Santander (SAN).
  • Consumer & Retail brands: Working with various major retailers and consumer goods companies.
  • Travel & Hospitality companies: Including major airlines and hotel chains.
  • Healthcare & Life Sciences organizations.
  • Professional Services and other industries.

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Martín Migoya Co-Founder & CEO

Martín Migoya co-founded Globant in 2003 alongside three friends, starting the company with approximately $5,000 in initial capital. He has served as CEO since 2005 and led Globant to become the first Latin American software company to have an IPO on the New York Stock Exchange in 2014. Before co-founding Globant, Migoya held roles as a business manager at Origin B.V. Holland and a project manager at Repsol. He also founded the coding school Digital House and is a board member of Endeavor Argentina. Globant received early investments from private equity firms Riverwood Capital and FTV Capital.

Juan Ignacio Urthiague CFO

Juan Ignacio Urthiague joined Globant in 2011 and played a significant role in the company's global expansion and its transition to a publicly listed company on the NYSE. He was appointed CFO in October 2018. Prior to his current role, he served as Global Treasurer, Investor Relations Officer, Head of Financial Services, and Head of Corporate Finance at Globant. From 2017, he spent 15 months outside of Globant, during which he served as CFO Latam for OLX and CFO for Avantrip.com SRL. OLX Global BV is a financial holding company, and Avantrip.com SRL operates an online travel and tourism platform.

Guibert Englebienne Co-Founder, President of Latam & Globant X

Guibert Englebienne is a co-founder of Globant, which he helped establish in 2003. Prior to co-founding Globant, he had already started six other companies. As President of Globant X, he is responsible for initiatives focused on new revenue models and innovation, and as President of Latam, he oversees corporate governance and regional expansion.

Martín Umaran Co-Founder, Chief Corporate Development Officer & President EMEA

Martín Umaran co-founded Globant in 2003. He served as Chief of Staff from 2013 to 2020, coordinating back-office activities and supporting executives. Since 2008, he has also been responsible for the company's mergers and acquisitions processes and strategic initiatives.

Patricia Pomies Chief Operating Officer

Patricia Pomies serves as the Chief Operating Officer of Globant. In 2020, she took on dual roles as Chief People Officer while continuing to oversee Globant's business as Chief Delivery Officer, working to unify strategies for talent retention and development.

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Key Risks to Globant (GLOB)

  1. Revenue Growth Slowdown and Business Model Transition: Globant is experiencing a notable slowdown in its top-line revenue growth, with full-year 2025 revenue growth estimated conservatively at just 1.3%. This slowdown is attributed to soft demand, macroeconomic headwinds, weak pipeline conversion, and prolonged sales cycles. The company is navigating a complex shift in the digital services market, placing a significant bet on Artificial Intelligence (AI)-driven transformation. A key risk is the company's ability to successfully convert its substantial AI pipeline into realized revenue and achieve widespread adoption of its new AI-centric business models, such as AI Pods and subscription-based services. If Globant fails to execute this transition effectively or if AI adoption by enterprises is slower than anticipated, it could further pressure revenue growth.
  2. Talent Acquisition, Retention, and Competition: As a high-growth IT services firm, Globant's operational efficiency and productivity are heavily reliant on its ability to attract and retain highly-skilled IT professionals, often referred to as "Globers". Maintaining current resource utilization rates is crucial; a failure to do so could adversely affect revenues and profit margins. Furthermore, Globant faces intense competition from larger industry players like Accenture and Deloitte Digital, which can lead to pricing pressures and challenges in securing talent.
  3. Geographic and Client Concentration: Globant has a certain degree of geographic and client concentration. Over half of its revenue, 53.8%, originates from North America, and approximately 20% comes from Latin America. The economic, political, and social instability prevalent in the Latin American region presents a persistent risk factor. Additionally, the company experiences moderate client concentration, with its top ten customers accounting for 29.5% of total revenues in the third quarter of 2025 and 29.3% in the fourth quarter of 2024. The loss of even a single major account could significantly impact Globant's near-term financial performance.

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The rapid advancement and widespread adoption of Generative AI technologies pose a clear emerging threat to Globant and the broader technology services sector. As AI models become increasingly sophisticated in capabilities such as generating code, automating testing, assisting in design processes, and performing complex data analysis, clients may begin to reduce their reliance on extensive human-led consulting and development services. This shift could lead to a decrease in the demand for certain traditional services offered by Globant, as enterprises increasingly leverage AI tools to achieve efficiencies and build solutions with potentially fewer external human resources. While Globant is actively integrating AI into its own offerings, the rapid pace of AI innovation and its adoption by client companies could fundamentally alter the market dynamics for human-powered digital transformation and software development services.

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Globant (symbol: GLOB) offers a comprehensive suite of digital and cognitive transformation services. The addressable markets for their main products and services are sizable across various regions:

  • Digital Transformation Services:
    • Globally, the Digital Transformation Services market is projected to reach approximately USD 1,375.1 billion by the end of 2025, with an expected growth to USD 10,123.1 billion by 2033 at a compound annual growth rate (CAGR) of 28.343% from 2025 to 2033. Other estimates indicate the market size could be around USD 1,107.06 billion in 2025, expanding to USD 1,864.94 billion by 2031 with a CAGR of 9.1% from 2030 to 2036. Another source suggests the global market was valued at USD 757.28 billion in 2023 and is predicted to grow to USD 9,126.18 billion by 2033, with a CAGR of 28.26%.
    • In North America, this market is anticipated to hold 39.59% of the global revenue in 2025.
    • In Europe, the market is expected to account for 28.69% of the global revenue in 2025.
    • The Middle East and North Africa (MENA) region is projected to see IT spending for digital transformation grow by 7.4%, reaching USD 230.7 billion in 2025.
  • IT Consulting Services:
    • The global IT Consulting Services market size is estimated to reach USD 117.1 billion by the end of 2025. Another report states the market was valued at USD 1,094.00714 million in 2025 and is expected to reach USD 1,685.27331 million by 2034, growing at a CAGR of 4.92% from 2025 to 2034.
    • North America is expected to hold 27.75% of the global IT consulting services market revenue in 2025, with the USA market valued at USD 140,000 million in 2025.
    • Europe is expected to hold 22.60% of the global IT consulting services market revenue in 2025.
    • The Asia Information Technology Consulting Services market is valued at USD 150,000 million in 2025.
  • Digital Transformation Consulting Services:
    • Globally, this market is projected to reach USD 56.3 billion by the end of 2025, growing at a CAGR of 11.2% from 2025 to 2033 to reach USD 131.628 billion by 2033.
    • North America is expected to hold 39.39% of the global Digital Transformation Consulting Services market revenue in 2025.
  • Consulting and Integration Services:
    • The global Consulting and Integration Services market was valued at USD 366.24 billion in 2023 and is projected to grow to USD 485.89 billion by 2028, at a CAGR of 5.82%.
    • The Asia Pacific region is expected to hold the highest market share (34.8%) over the forecast period.
    • North America is projected to hold 30.0% of the market share, followed by Western Europe with 18.2%.
  • AI in the Tourism Market:
    • The AI in tourism market is expected to grow from USD 3.4 billion in 2024 to USD 13.9 billion by 2030, globally.
  • Software Development & Engineering, Digital Experience Design, Cloud Services, Data & Analytics, Artificial Intelligence (AI) & Machine Learning, Cybersecurity, Blockchain Consulting:
    • Specific addressable market sizes for these individual services, distinct from the broader "IT Consulting" or "Digital Transformation Services" categories, were not found in the search results. Therefore, for these specific product lines, the market size is null.

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Here are the expected drivers of future revenue growth for Globant (GLOB) over the next 2-3 years:

Expected Drivers of Future Revenue Growth for Globant (GLOB)

  1. Expansion of AI-driven Services and Products: Globant is strategically positioning itself as a full-stack AI company, with significant emphasis on its AI Pods, subscription model, and the Globant Enterprise AI platform. AI-related revenue has shown substantial growth, and the company views AI adoption by its customers as the biggest breakthrough since smartphones, driving demand for enhanced digital products. This focus on AI is expected to be a primary catalyst for future revenue growth, as reflected in a strong pipeline attributed to AI-driven offerings.
  2. Geographic Expansion and Diversification: Globant has demonstrated strong revenue growth in new markets, particularly in Europe, the Middle East, and the APAC region. The company's global revenue stream is diversifying, with significant year-over-year increases in these regions, indicating a successful strategy of expanding its international footprint and reducing reliance on any single market.
  3. Customer Growth and Increased Wallet Share: The company continues to expand its client base, with a growing number of active customers and a notable increase in clients generating over $1 million in annual revenue. Globant aims to increase its "wallet share" with existing customers, signifying a strategy to deepen relationships and provide more comprehensive services to its current clientele. The company also reports a pipeline at an all-time high, with large potential deals in various sectors.
  4. Growth in Key Industry Verticals: Globant is experiencing sequential growth across multiple industry verticals, including travel and hospitality, media and entertainment, BFSI (Banking, Financial Services, and Insurance), consumer, retail, manufacturing, technology and telecommunications, and professional services. This broadening of its business across diverse sectors reflects strong demand and contributes to overall revenue acceleration.

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Share Repurchases

  • Globant approved a new share repurchase program on October 1, 2025, authorizing up to $50 million per quarter, with a maximum aggregate of $125 million, for repurchases from the fourth quarter of 2025 through the fourth quarter of 2026.
  • The program is intended to deliver enhanced value to shareholders and demonstrates confidence in Globant's long-term strategy, supported by free cash flow generation.
  • Globant's common stock repurchases for fiscal years ending December include: -$7.256 million in 2021, -$9.316 million in 2022, -$11.523 million in 2023, and -$10.675 million in 2024.

Share Issuance

  • Information on the dollar amount of shares issued by Globant in the last 3-5 years through primary offerings or direct issuances for cash is not readily available in the provided search results.

Inbound Investments

  • No significant large investments made in Globant by third-parties (such as strategic partners or private equity firms) have been disclosed within the last 3-5 years.

Outbound Investments

  • Globant has been active in acquisitions, with net cash outflow for business acquisitions and disposals reported as -$165.31 million in 2020, -$149.11 million in 2021, -$267.63 million in 2022, and -$301.07 million in 2023.
  • Recent significant acquisitions include Exusia (October 2024), Iteris (January 2024), GUT (November 2023), Pentalog (May 2023), and Vertic (January 2023), among others.
  • In 2020, Globant acquired BiLive, grupoAssa, Xappia, Giant Monkey Robot "GMR", and BlueCap, and also announced the acquisition of gA to enhance its capabilities in Life Sciences, CPG, Manufacturing, and Logistics.

Capital Expenditures

  • Globant's capital expenditures averaged $38.393 million annually for fiscal years ending December 2020 to 2024.
  • Capital expenditures were $29.294 million in 2020, $42.766 million in 2021, $47.063 million in 2022 (peaking in this year), $45.11 million in 2023, and $27.733 million in 2024 (a 5-year low).
  • Projected capital expenditures are $146 million for 2025, $171 million for 2026, and are expected to be around 6% of revenue in upcoming years.

Better Bets than Globant (GLOB)

Trade Ideas

Select ideas related to GLOB. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
14.4%14.4%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
13.1%13.1%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
17.3%17.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
12.0%12.0%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
5.5%5.5%0.0%

Recent Active Movers

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Peer Comparisons for Globant

Peers to compare with:

Financials

GLOBHPQHPEIBMCSCOAAPLMedian
NameGlobant HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price67.4823.2624.49305.0978.16273.4072.82
Mkt Cap3.021.932.6284.9309.24,074.4158.8
Rev LTM2,48555,29534,29665,40257,696408,62556,496
Op Inc LTM1773,6241,64411,54412,991130,2147,584
FCF LTM1522,80062711,85412,73396,1847,327
FCF 3Y Avg1552,9781,40011,75313,879100,5037,366
CFO LTM2783,6972,91913,48313,744108,5658,590
CFO 3Y Avg2803,6723,89613,49814,736111,5598,697

Growth & Margins

GLOBHPQHPEIBMCSCOAAPLMedian
NameGlobant HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM5.6%3.2%13.8%4.5%8.9%6.0%5.8%
Rev Chg 3Y Avg14.4%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q0.4%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM0.1%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM7.1%6.6%4.8%17.7%22.5%31.9%12.4%
Op Mgn 3Y Avg9.3%7.4%7.2%16.4%24.2%30.8%12.8%
QoQ Delta Op Mgn LTM-0.4%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM11.2%6.7%8.5%20.6%23.8%26.6%15.9%
CFO/Rev 3Y Avg12.3%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM6.1%5.1%1.8%18.1%22.1%23.5%12.1%
FCF/Rev 3Y Avg6.8%5.5%4.6%18.6%24.6%25.6%12.7%

Valuation

GLOBHPQHPEIBMCSCOAAPLMedian
NameGlobant HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap3.021.932.6284.9309.24,074.4158.8
P/S1.20.41.04.45.410.02.8
P/EBIT17.96.819.925.122.531.321.2
P/E30.48.6572.736.029.941.033.2
P/CFO10.85.911.221.122.537.516.2
Total Yield3.3%14.1%2.3%5.0%5.4%2.8%4.1%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg3.2%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.20.50.70.20.10.00.2
Net D/E0.10.30.60.20.00.00.1

Returns

GLOBHPQHPEIBMCSCOAAPLMedian
NameGlobant HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn7.1%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn16.3%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn-26.0%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-69.0%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn-57.9%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn4.4%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn12.0%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn-38.2%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-85.3%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-141.1%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single Segment2,0961,7801,297814659
Total2,0961,7801,297814659


Price Behavior

Price Behavior
Market Price$67.48 
Market Cap ($ Bil)3.0 
First Trading Date07/18/2014 
Distance from 52W High-70.5% 
   50 Days200 Days
DMA Price$63.50$84.17
DMA Trenddownup
Distance from DMA6.3%-19.8%
 3M1YR
Volatility41.6%59.4%
Downside Capture107.81216.27
Upside Capture158.9567.60
Correlation (SPY)40.6%48.7%
GLOB Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.501.431.401.741.481.54
Up Beta1.742.312.682.461.501.30
Down Beta-0.891.401.271.311.591.85
Up Capture230%154%72%67%45%162%
Bmk +ve Days12253873141426
Stock +ve Days9212955107372
Down Capture151%100%136%225%144%110%
Bmk -ve Days7162452107323
Stock -ve Days10193269140377

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of GLOB With Other Asset Classes (Last 1Y)
 GLOBSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-69.5%25.0%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility59.0%27.5%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-1.760.790.722.700.340.09-0.08
Correlation With Other Assets 46.9%48.9%-4.3%18.1%31.5%25.7%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of GLOB With Other Asset Classes (Last 5Y)
 GLOBSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-20.1%18.8%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility49.4%24.7%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio-0.270.690.700.970.500.160.57
Correlation With Other Assets 56.7%55.8%6.5%9.1%41.5%27.7%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of GLOB With Other Asset Classes (Last 10Y)
 GLOBSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return6.0%22.5%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility46.6%24.2%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.300.850.710.860.320.220.90
Correlation With Other Assets 57.1%55.7%3.9%13.8%41.4%17.0%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity6,273,286
Short Interest: % Change Since 11302025-14.2%
Average Daily Volume1,187,550
Days-to-Cover Short Interest5.28
Basic Shares Quantity44,502,000
Short % of Basic Shares14.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
9302025111320256-K 9/30/2025
630202581420256-K 6/30/2025
331202551520256-K 3/31/2025
12312024228202520-F 12/31/2024
9302024111420246-K 9/30/2024
630202481520246-K 6/30/2024
331202451620246-K 3/31/2024
12312023229202420-F 12/31/2023
9302023111620236-K 9/30/2023
630202381720236-K 6/30/2023
331202351820236-K 3/31/2023
12312022228202320-F 12/31/2022
9302022111720226-K 9/30/2022
630202281820226-K 6/30/2022
331202251920226-K 3/31/2022
12312021228202220-F 12/31/2021