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Ci&T, Inc. (CINT)
NYSE:CINT
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CI&T
(NYSE:CINT)
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Rating:67Neutral
Price Target:
$5.50
▲(9.78% Upside)
Action:ReiteratedDate:11/15/25
CI&T's overall stock score reflects strong earnings call performance and solid financial stability. However, technical indicators suggest bearish momentum, and valuation metrics are not particularly attractive. The company should focus on improving cash flow and operational efficiency to enhance its position.
Positive Factors
Consistent revenue growth
CI&T's record quarterly revenue and sustained double‑digit organic growth indicate durable enterprise demand for its digital transformation services. Consistent organic expansion across regions and sectors supports predictable revenue scaling, repeatable client engagements, and capacity to reinvest in people and platforms over the next several quarters.
AI product adoption and pipeline
The adoption of CI&T Flow and a coherent AI strategy creates a productized capability that enhances client retention and cross‑sell potential. Embedding AI into delivery raises differentiation versus bespoke services, enabling higher‑value engagements and structural upside to productivity and margins if adoption continues across large accounts.
Stable balance sheet and equity base
A manageable leverage profile, a majority equity base and mid‑teens ROE support financial flexibility. This balance sheet strength helps fund hiring, R&D, or targeted M&A without excessive refinancing risk, providing resilience through cycles and capacity to support multi‑year client engagements and platform investments.
Negative Factors
Declining free cash flow growth
A 40% decline in free cash flow growth materially reduces internal funding for strategic initiatives and increases sensitivity to operational setbacks. Even with strong operating cash to net income, slower FCF momentum can constrain capital allocation, limit buybacks or M&A capacity, and raise reliance on external financing for growth investments.
Pressure on margins
Sequential gross margin decline and slipping EBIT/EBITDA margins reflect upfront workforce investments and FX headwinds. If margin erosion persists, operating leverage will weaken, reducing cash conversion and the ability to fund investments or absorb wage and pricing pressures without executing efficiency gains or higher‑value pricing moves.
Pricing model transition risk
Moving from time‑and‑materials to value or outcome‑based contracts can increase long‑term revenue per client but demands new sales motions and delivery controls. The transition entails execution risk, slower deal cycles and temporary revenue recognition variability, which could reduce near‑term predictability and complicate margin realization during adoption.
CI&T (CINT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$695.82M
Dividend YieldN/A
Average Volume (3M)137.79K
Price to Earnings (P/E)19.0
Beta (1Y)1.00
Revenue Growth8.33%
EPS Growth59.54%
CountryUS
Employees6,907
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.14
Shares Outstanding19,039,890
10 Day Avg. Volume69,270
30 Day Avg. Volume137,791
Financial Highlights & Ratios
PEG Ratio7.20
Price to Book (P/B)18.34
Price to Sales (P/S)11.71
P/FCF Ratio87.97
Enterprise Value/Market Cap6.06
Enterprise Value/Revenue4.10
Enterprise Value/Gross Profit12.61
Enterprise Value/Ebitda25.69
Forecast
1Y Price Target
$7.42Price Target Upside48.10% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)2.17
Revenue Forecast (FY)$2.89B
CI&T Business Overview & Revenue Model
Company DescriptionCI&T Inc., together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises worldwide. It develops customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, and cloud and mobility technologies. The company was founded in 1995 and is headquartered in Campinas, Brazil.
How the Company Makes MoneyCI&T generates revenue primarily through a combination of project-based services and long-term contracts with clients. Its key revenue streams include custom software development, consulting services, and digital transformation projects, which are typically billed on a time-and-materials or fixed-price basis. The company also earns revenue from managed services and ongoing support for its solutions. CI&T has established significant partnerships with major technology providers, including Amazon Web Services (AWS) and Microsoft, which enhance its service offerings and market reach. Additionally, the growing demand for digital transformation in various industries contributes to its earnings, as more organizations seek to modernize their technology infrastructure and improve customer engagement.
CI&T Earnings Call Summary
Earnings Call Date:Mar 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call emphasized strong commercial momentum, record revenue, improved earnings, elite cash conversion, significant client expansion, and notable industry recognition—driven largely by adoption of the CI&T Flow platform and AI-enabled delivery. Near-term margin headwinds were acknowledged (foreign exchange, resumption of payroll taxes in Brazil, and deliberate investments in platform and talent), and alternative pricing models remain early-stage. On balance, the operational and financial positives—sustained double-digit organic growth, improving profitability and cash generation, and clear pathway to monetizing AI/IP—substantially outweigh the disclosed short-term risks.Q4-2025 Updates
Positive Updates
Record Quarterly and Annual Revenue
Q4 revenue of $134.3 million (record quarter) representing 19.3% reported organic growth year-over-year and 13.9% constant-currency growth. Full year 2025 revenue of $489.7 million, up 11.5% reported and 13.2% on a constant-currency basis.
Sustained Organic Growth Momentum
Five consecutive quarters of double-digit organic growth, driven by expanding engagements and a commercial pipeline ~30% larger year-over-year.
Strong Profitability and Margin Resilience
Q4 adjusted EBITDA margin of 18.4% and adjusted profit margin of 14%. Q4 adjusted EBITDA was $24.8 million (up 11.6% year-over-year). Full-year adjusted EBITDA of $89.4 million, up 9.1% with a full-year margin of 18.3%.
Substantial Earnings and EPS Improvement
Q4 adjusted net profit of $18.8 million, a 41.8% increase year-over-year, and adjusted diluted EPS of $0.14 (up 48% YoY). Full-year adjusted profit of $51.9 million (up 16.9%) and full-year adjusted diluted EPS of $0.39 (up 20%).
Exceptional Cash Generation and Conversion
Cash from operating activities of $81.2 million with a 90.8% conversion rate from adjusted EBITDA. Free cash flow of $45.8 million representing a 91.3% conversion rate from adjusted profit.
High-Quality Client Relationships and Account Expansion
Revenue from top 10 clients grew 16.5% year-over-year, with each top-10 account generating at least $10 million annually; sequential expansion in eight of the top 10 clients from Q3 to Q4.
Regional Outperformance—Latin America and North America
Latin America delivered 26.8% revenue growth for the full year; North America grew 9.2% year-over-year. More than 60% of CI&T's portfolio runs on AWS.
Talent and Scale Expansion
Global team of 8,000 employees, averaging 6,400 AI tech professionals over the period—a 14% increase versus 2024—supporting delivery and AI expertise.
Market Recognition and Strategic Partnerships
Named a leader by Forrester and ISG in key categories; recognized by AWS (Generative AI Services Competency; one of 19 partners in the AWS GenAI Partner Innovation Alliance) and Databricks (LATAM Enterprise Data Warehouse Partner of the Year).
Commercialization of 'Flow' and Reported Productivity Gains
CI&T Flow adoption described as near full internal utilization; case studies citing productivity uplift (examples: up to 10x with a fintech client, up to 8x with a life sciences engagement; reported 2x–5x gains across phases and a long-term aspiration toward 20x).
2026 Revenue Outlook
Q1 2026 revenue guidance of at least $134.7 million (21.5% year-over-year; 14.3% constant currency). Full year 2026 revenue guidance of $548.4 million to $568.0 million, implying organic growth of 12%–16% (midpoint ~14%) and expected adjusted EBITDA margin range of 17%–19%.
Negative Updates
Short-Term Margin Pressure from FX and Brazil Payroll Taxes
Management cited a margin headwind driven by an unfavorable foreign exchange environment (including an ~8% devaluation of the Brazilian real in Q4) and the resumption of payroll taxes in Brazil; these factors contributed to pressure on margins despite growth.
Deliberate Upfront Investments Weighing on Gross Margin
Aggressive, intentional investments in the Flow platform, workforce reskilling, and global sales initiatives reduced near-term margin expansion potential; management expects these to be accretive over the midterm but to pressure 2025 results.
Currency Sensitivity and Guidance Caveats
2026 guidance includes a ~300 basis point favorable FX tailwind assumption, highlighting sensitivity to currency movements; macro uncertainty was cited as a reason the low end of guidance could be impacted.
Top-Client Growth May Moderate
Management indicated the top one client will continue to grow but likely at a slower pace than in 2025, introducing some single-account concentration risk to comparable acceleration seen in the prior year.
Alternative Pricing Models Are Early-Stage
Experiments with fixed-price, outcome-based, and consumption-based models are underway (seven models referenced) but remain nascent; management stated these are midterm opportunities and not materially embedded in 2026 margin guidance.
Geographic Predictability and Concentration
Europe and Asia currently represent roughly 10% of revenue and are described as more exploratory and harder to predict compared with the stronger visibility in North and Latin America.
Investor Concerns Around Constant-Currency Deceleration
Analysts raised questions about potential constant-currency deceleration in Q1/2026 and future periods; management responded that the pipeline and exit rates support the guide but acknowledged macro uncertainty remains.
Company Guidance
The company guided Q1 2026 revenue of at least $134.7 million (up 21.5% YoY, or 14.3% on a constant‑currency basis) and full‑year 2026 revenue of $548.4–$568.0 million (organic growth of 12%–16% with a 14% midpoint), assuming an average BRL/USD rate of ~5.3 and a roughly 300‑basis‑point favorable FX tailwind; management also expects adjusted EBITDA margin of 17%–19% for 2026. The outlook is supported by a pipeline ~30% larger than a year ago and follows Q4/2025 revenue of $134.3 million and FY2025 revenue of $489.7 million, after five consecutive quarters of double‑digit organic growth.CI&T Financial Statement Overview
Summary
CI&T demonstrates solid financial performance with consistent revenue growth and profitability. The company maintains a strong equity position and manageable debt levels, contributing to financial stability. However, declining free cash flow growth and slight pressure on operational margins suggest areas for improvement.Income Statement
CI&T shows a solid performance in its income statement with consistent revenue growth, evidenced by a 3.68% increase in TTM. The gross profit margin is healthy at 34.53%, and the net profit margin has improved to 7.13% in TTM, indicating efficient cost management. However, the EBIT and EBITDA margins have slightly decreased compared to previous years, suggesting potential pressure on operational efficiency.75
Positive
Balance Sheet
The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.52 in TTM, showing a decrease from previous years. The return on equity is at 10.96%, which is a positive indicator of profitability. The equity ratio stands at 55.09%, suggesting a strong equity base relative to total assets. However, the company should monitor its debt levels to maintain financial flexibility.70
Positive
Cash Flow
Cash flow analysis reveals a decline in free cash flow growth by 40.17% in TTM, which could impact future investments. The operating cash flow to net income ratio is strong at 2.29, indicating good cash generation relative to net income. The free cash flow to net income ratio remains robust at 0.87, but the decline in free cash flow growth is a concern that needs addressing.65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.03B | 438.96M | 2.23B | 424.11M | 259.17M | 956.52M |
| Gross Profit | 334.54M | 150.25M | 745.72M | 147.81M | 91.27M | 355.65M |
| EBITDA | 164.24M | 75.33M | 386.05M | 73.28M | 51.76M | 232.98M |
| Net Income | 75.55M | 29.49M | 132.57M | 18.71M | 22.60M | 127.65M |
Balance Sheet | ||||||
| Total Assets | 2.95B | 526.42M | 2.72B | 575.53M | 423.88M | 114.32M |
| Cash, Cash Equivalents and Short-Term Investments | 230.46M | 56.62M | 214.80M | 54.05M | 167.68M | 31.35M |
| Total Debt | 773.22M | 148.23M | 772.36M | 201.73M | 156.21M | 31.66M |
| Total Liabilities | 1.32B | 246.29M | 1.31B | 324.85M | 228.42M | 76.11M |
| Stockholders Equity | 1.63B | 280.12M | 1.41B | 250.68M | 195.45M | 38.21M |
Cash Flow | ||||||
| Free Cash Flow | 132.87M | 58.41M | 54.45M | 13.13M | 19.76M | 79.58M |
| Operating Cash Flow | 161.10M | 68.98M | 59.29M | 36.09M | 24.53M | 100.97M |
| Investing Cash Flow | -28.23M | -9.94M | 13.28M | -82.56M | -279.37M | -21.39M |
| Financing Cash Flow | -207.24M | -35.97M | -67.27M | 100.66M | 255.14M | 5.41M |
CI&T Technical Analysis
Positive
5.01
Price Trends
4.83
Positive
4.70
Positive
5.07
Positive
Market Momentum
0.10
Negative
64.16
Neutral
70.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CINT, the sentiment is Positive. The current price of 5.01 is above the 20-day moving average (MA) of 4.97, above the 50-day MA of 4.83, and below the 200-day MA of 5.07, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 64.16 is Neutral, neither overbought nor oversold. The STOCH value of 70.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CINT.
CI&T Risk Analysis
CI&T disclosed 34 risk factors in its most recent earnings report. CI&T reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We may not be able to sustain our revenue growth rate in the future. Q4, 2023
2.
We may need additional capital, and a failure by us to raise additional capital on terms favorable to us, or at all, could limit our ability to grow our business and develop or enhance our service offerings to respond to market demand or competitive challenges. Q4, 2023
3.
Potential future acquisitions could prove difficult to integrate, disrupt our business, dilute shareholder value and strain our resources. Q4, 2023
CI&T Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $405.39M | 6.67 | 29.64% | 3.75% | -1.43% | 101.80% | |
67 Neutral | $695.82M | 18.97 | 12.10% | ― | 8.33% | 59.54% | |
63 Neutral | $623.01M | -29.82 | -2.81% | ― | ― | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $428.71M | 7.81 | -43.23% | ― | 9.51% | ― | |
56 Neutral | $226.58M | -10.23 | -31.67% | ― | 15.73% | 40.14% | |
50 Neutral | $284.42M | -9.10 | -0.48% | ― | 4.02% | 34.45% |
* Technology Sector Average
CINT
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CI&T Corporate Events
CI&T Reports Strong 3Q25 Financial Results with 13.4% Revenue Growth
Nov 12, 2025
CI&T reported a 13.4% increase in revenue for the third quarter of 2025, reaching $127.3 million compared to the same period in 2024. The company also saw a 72% increase in profit, amounting to $8.9 million, and a 16.3% rise in employee numbers. The Board approved a share repurchase program, highlighting CI&T’s strong financial performance and strategic positioning as a leading technology transformation partner.
The most recent analyst rating on (CINT) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on CI&T stock, see the CINT Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.