CGI Inc. (GIB) 10-Year Financial Performance & Capital Metrics

GIB • • Industrial / General

TechnologyIT ServicesIT Consulting & Professional ServicesGlobal IT Consulting Giants

AboutCGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also offers application development, integration and maintenance, testing, portfolio management, and modernization services; business consulting; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure services. It serves clients operating in government, banking and capital market, health, utility, communication and media, oil and gas, retail, consumer and services, space, manufacturing, insurance, life sciences, retail and consumer service, and transportation and logistics sectors. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.Show more

Revenue $15.91B +8.4%
EBITDA $3.49B +22.0%
Net Income $1.66B -2.0%
EPS (Diluted) 7.35 +0.5%
Gross Margin 20.67% +25.6%
EBITDA Margin 21.95% +12.5%
Operating Margin 20.6% +25.1%
Net Margin 10.42% -9.6%
ROE 16.83% -11.8%
ROIC 19.54% +17.3%
Debt/Equity 0.43 +23.9%
Interest Coverage 49.30 +85.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 18.9%
✓Share count reduced 2.7% through buybacks
✓Healthy 5Y average net margin of 11.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.58%

5Y5.52%

3Y7.68%

TTM8.42%

Profit (Net Income) CAGR

10Y5.55%

5Y8.21%

3Y4.52%

TTM-2.04%

EPS CAGR

10Y9.23%

5Y11.84%

3Y6.76%

TTM0.27%

ROCE

10Y Avg19.58%

5Y Avg20.34%

3Y Avg21.36%

Latest23.79%

Peer Comparison

Global IT Consulting Giants

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IBMInternational Business Machines Corporation	278.5B	297.95	46.34	1.44%	12.09%	28.25%	4.22%	2.13
INFYInfosys Limited	76.14B	18.82	24.76	3.85%	16.58%	27.92%	5.37%	0.09
ACNAccenture plc	177.1B	287.77	23.68	7.36%	10.76%	23.84%	6.14%	0.25
CTSHCognizant Technology Solutions Corporation	40.94B	84.82	18.81	1.98%	10.2%	14.28%	4.46%	0.10
SAICScience Applications International Corporation	4.99B	110.65	15.43	0.47%	5.05%	24.54%	9.17%	1.52
GIBCGI Inc.	17.8B	92.64	12.60	8.43%	10.42%	16.13%	11.89%	0.43
DXCDXC Technology Company	2.58B	14.84	7.07	-5.82%	2.93%	11.18%	31.81%	1.30
WITWipro Limited	31.11B	2.97	0.24	-0.75%	15.06%	15.66%	100%	0.23

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	10.68B	10.79B	11.54B	12.12B	12.16B	12.13B	12.75B	14.3B	14.68B	15.91B
Revenue Growth %	0.05%	0.01%	0.07%	0.05%	0%	-0%	0.05%	0.12%	0.03%	0.08%
Cost of Goods Sold+	9.13B	9.23B	9.83B	10.3B	9.68B	9.63B	10.68B	11.98B	12.26B	12.62B
COGS % of Revenue	0.85%	0.86%	0.85%	0.85%	0.8%	0.79%	0.84%	0.84%	0.84%	0.79%
Gross Profit+	1.55B	1.56B	1.71B	1.82B	2.48B	2.5B	2.06B	2.31B	2.42B	3.29B
Gross Margin %	0.15%	0.14%	0.15%	0.15%	0.2%	0.21%	0.16%	0.16%	0.16%	0.21%
Gross Profit Growth %	0.07%	0.01%	0.09%	0.07%	0.36%	0.01%	-0.18%	0.12%	0.04%	0.36%
Operating Expenses+	0	0	0	0	2.48B	542.02M	0	0	0	11.71M
OpEx % of Revenue	-	-	-	-	0.2%	0.04%	-	-	-	0%
Selling, General & Admin	0	0	0	0	259.31M	216.51M	0	0	0	0
SG&A % of Revenue	-	-	-	-	0.02%	0.02%	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	11.71M
R&D % of Revenue	-	-	-	-	-	-	-	-	-	0%
Other Operating Expenses	0	0	0	0	2.23B	325.51M	0	0	0	0
Operating Income+	1.55B	1.56B	1.71B	1.82B	0	1.96B	2.06B	2.31B	2.42B	3.28B
Operating Margin %	0.15%	0.14%	0.15%	0.15%	-	0.16%	0.16%	0.16%	0.16%	0.21%
Operating Income Growth %	0.07%	0.01%	0.09%	0.07%	-1%	-	0.05%	0.12%	0.04%	0.36%
EBITDA+	1.94B	1.93B	2.09B	2.21B	2.19B	2.47B	2.52B	2.76B	2.86B	3.49B
EBITDA Margin %	0.18%	0.18%	0.18%	0.18%	0.18%	0.2%	0.2%	0.19%	0.2%	0.22%
EBITDA Growth %	0.05%	-0.01%	0.09%	0.05%	-0.01%	0.13%	0.02%	0.1%	0.04%	0.22%
D&A (Non-Cash Add-back)	393.85M	364.49M	384.88M	388.48M	565.69M	510.57M	459.1M	450.44M	447.17M	215.37M
EBIT	1.53B	1.48B	1.57B	1.76B	1.63B	1.94B	2.04B	2.29B	2.38B	2.31B
Net Interest Income+	-72.15M	-63.88M	-68.32M	-66.88M	-112.16M	-104.25M	-89.54M	-47.53M	-28.09M	-66.48M
Interest Income	1.61M	3.7M	2.92M	11.58M	5.1M	3.11M	3.16M	41.37M	62.94M	0
Interest Expense	73.76M	67.58M	71.23M	78.46M	117.26M	107.36M	92.71M	88.9M	91.03M	66.48M
Other Income/Expense	-97.67M	-153.29M	-215.49M	-142.12M	1.52B	-120.31M	-112.56M	-116.03M	-125.47M	-1.04B
Pretax Income+	1.45B	1.41B	1.49B	1.68B	1.52B	1.84B	1.95B	2.2B	2.29B	2.24B
Pretax Margin %	0.14%	0.13%	0.13%	0.14%	0.12%	0.15%	0.15%	0.15%	0.16%	0.14%
Income Tax+	383.87M	380.73M	349.53M	414.16M	398.4M	468.92M	496.09M	566.66M	598.24M	583.9M
Effective Tax Rate %	0.74%	0.73%	0.77%	0.75%	0.74%	0.74%	0.75%	0.74%	0.74%	0.74%
Net Income+	1.07B	1.03B	1.14B	1.26B	1.12B	1.37B	1.45B	1.63B	1.69B	1.66B
Net Margin %	0.1%	0.1%	0.1%	0.1%	0.09%	0.11%	0.11%	0.11%	0.12%	0.1%
Net Income Growth %	0.11%	-0.04%	0.11%	0.1%	-0.12%	0.22%	0.06%	0.12%	0.04%	-0.02%
Net Income (Continuing)	1.07B	1.03B	1.14B	1.26B	1.12B	1.37B	1.45B	1.63B	1.69B	1.66B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.42	3.41	3.95	4.55	4.20	5.41	6.04	6.86	7.31	7.35
EPS Growth %	0.13%	-0%	0.16%	0.15%	-0.08%	0.29%	0.12%	0.14%	0.07%	0.01%
EPS (Basic)	3.51	3.48	4.02	4.63	4.27	5.50	6.13	6.86	7.42	7.45
Diluted Shares Outstanding	312.77M	303.29M	288.86M	277.79M	266.1M	253.09M	242.87M	237.7M	231.67M	225.49M
Basic Shares Outstanding	304.81M	297.52M	283.88M	272.72M	262.01M	249.12M	239.26M	237.79M	228.07M	225.62M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	0.08%

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	3.2B	2.86B	3.1B	3.26B	3.7B	4.77B	4.35B	4.93B	4.82B	5.05B
Cash & Short-Term Investments	596.53M	165.87M	184.09M	253.76M	1.28B	1.72B	1B	1.58B	1.46B	867.88M
Cash Only	596.53M	165.87M	184.09M	213.83M	1.28B	1.7B	966.46M	1.57B	1.46B	864.21M
Short-Term Investments	0	0	0	39.93M	1.1M	18.96M	33.86M	7.33M	3.28M	3.67M
Accounts Receivable	1.11B	1.29B	1.49B	1.37B	1.74B	1.24B	1.37B	1.43B	1.42B	2.71B
Days Sales Outstanding	37.93	43.72	47.01	41.16	52.2	37.21	39.2	36.54	35.36	62.19
Inventory	935.5M	922.62M	942.83M	1.1B	0	1.05B	1.19B	0	1.21B	0
Days Inventory Outstanding	37.41	36.5	35.01	38.83	-	39.62	40.71	-	35.97	-
Other Current Assets	391.76M	321.7M	325.55M	368.11M	675.73M	593.15M	598.84M	1B	723.11M	1.28B
Total Non-Current Assets+	8.49B	8.53B	8.81B	9.36B	7.95B	10.26B	10.83B	10.87B	11.87B	14.47B
Property, Plant & Equipment	439.29M	396.61M	388.09M	397.66M	778.45M	938.3M	904.73M	871.6M	832.94M	919.89M
Fixed Asset Turnover	24.31x	27.20x	29.73x	30.49x	15.63x	12.92x	14.09x	16.40x	17.62x	17.30x
Goodwill	6.93B	7.06B	7.34B	7.77B	6.27B	8.14B	8.48B	8.72B	9.47B	11.74B
Intangible Assets	509.78M	490.43M	479.33M	517.98M	390.39M	506.79M	615.96M	623.1M	718.58M	888.01M
Long-Term Investments	27.25M	23.05M	30.05M	24.6M	62.45M	19.35M	16.83M	17.11M	24.21M	27.69M
Other Non-Current Assets	400.13M	416.48M	435.78M	555.75M	356.56M	555.38M	721.61M	629.51M	579.5M	888.29M
Total Assets+	11.69B	11.4B	11.92B	12.62B	11.64B	15.02B	15.18B	15.8B	16.69B	19.52B
Asset Turnover	0.91x	0.95x	0.97x	0.96x	1.04x	0.81x	0.84x	0.90x	0.88x	0.82x
Asset Growth %	-0.01%	-0.03%	0.05%	0.06%	-0.08%	0.29%	0.01%	0.04%	0.06%	0.17%
Total Current Liabilities+	2.78B	2.7B	3.12B	2.88B	2.74B	3.8B	3.65B	4.65B	3.55B	5.1B
Accounts Payable	1.11B	1B	1.13B	1.11B	768.08M	891.37M	1.02B	924.66M	999.79M	1.01B
Days Payables Outstanding	44.3	39.74	42.14	39.29	28.96	33.8	34.72	28.17	29.77	29.34
Short-Term Debt	192.04M	122.47M	348.58M	113.51M	366.45M	392.73M	93.45M	1.16B	999K	848.29M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	928.99M	991.34M	1.04B	1.09B	676.98M	1.75B	1.77B	1.62B	1.71B	1.68B
Current Ratio	1.15x	1.06x	1.00x	1.13x	1.35x	1.25x	1.19x	1.06x	1.36x	0.99x
Quick Ratio	0.82x	0.72x	0.69x	0.75x	1.35x	0.98x	0.87x	1.06x	1.02x	0.99x
Cash Conversion Cycle	31.03	40.49	39.88	40.71	-	43.04	45.19	-	41.56	-
Total Non-Current Liabilities+	2.45B	2.49B	2.11B	2.85B	3.47B	4.23B	4.25B	2.84B	3.71B	4.14B
Long-Term Debt	1.77B	1.81B	1.5B	2.23B	2.45B	3.01B	3.17B	1.94B	2.69B	2.93B
Capital Lease Obligations	0	0	0	0	522.29M	609.12M	551.26M	443.11M	469.84M	520.41M
Deferred Tax Liabilities	183.58M	213.51M	173.01M	178.26M	118.54M	132.04M	157.41M	0	21.13M	0
Other Non-Current Liabilities	685M	680.55M	611.2M	619.26M	282.51M	421.88M	280.74M	458.95M	392.65M	688.18M
Total Liabilities	5.23B	5.19B	5.23B	5.74B	6.2B	8.03B	7.9B	7.49B	7.26B	9.24B
Total Debt+	1.91B	1.86B	1.8B	2.33B	3.34B	4.18B	3.98B	3.74B	3.31B	4.47B
Net Debt	1.31B	1.7B	1.62B	2.12B	2.06B	2.48B	3.01B	2.17B	1.85B	3.61B
Debt / Equity	0.30x	0.30x	0.27x	0.34x	0.61x	0.60x	0.55x	0.45x	0.35x	0.43x
Debt / EBITDA	0.98x	0.97x	0.86x	1.06x	1.52x	1.69x	1.58x	1.35x	1.16x	1.28x
Net Debt / EBITDA	0.68x	0.88x	0.77x	0.96x	0.94x	1.00x	1.19x	0.79x	0.65x	1.03x
Interest Coverage	21.01x	23.14x	24.00x	23.21x	-	18.24x	22.23x	26.03x	26.54x	49.30x
Total Equity+	6.46B	6.2B	6.68B	6.88B	5.44B	6.99B	7.27B	8.31B	9.43B	10.28B
Equity Growth %	0.06%	-0.04%	0.08%	0.03%	-0.21%	0.28%	0.04%	0.14%	0.13%	0.09%
Book Value per Share	20.67	20.45	23.14	24.78	20.44	27.60	29.95	34.96	40.70	45.60
Total Shareholders' Equity	6.46B	6.2B	6.68B	6.88B	5.44B	6.99B	7.27B	8.31B	9.43B	10.28B
Common Stock	2.19B	2.05B	2.02B	1.9B	1.32B	1.63B	1.49B	1.48B	1.47B	1.5B
Retained Earnings	3.78B	3.79B	4.25B	4.56B	3.52B	4.73B	5.43B	6.33B	7.13B	7.43B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	304.13M	159.39M	201.6M	176.69M	408.54M	331.58M	39.75M	158.97M	451.25M	1B
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	1.33B	1.36B	1.49B	1.63B	1.94B	2.12B	1.86B	2.11B	2.2B	2.23B
Operating CF Margin %	0.12%	0.13%	0.13%	0.13%	0.16%	0.17%	0.15%	0.15%	0.15%	0.14%
Operating CF Growth %	0.03%	0.02%	0.1%	0.09%	0.19%	0.09%	-0.12%	0.13%	0.04%	0.01%
Net Income	1.07B	1.04B	1.14B	1.26B	1.12B	1.37B	1.47B	1.63B	1.69B	1.66B
Depreciation & Amortization	400.06M	377.2M	392.68M	392.3M	565.69M	510.57M	474.62M	450.44M	447.17M	582.93M
Stock-Based Compensation	38.3M	34.44M	38.46M	39.44M	37.36M	45.59M	49M	58.21M	67.84M	264.4M
Deferred Taxes	96.49M	60.9M	-41.24M	-8.3M	6.17M	-25.93M	-7.5M	-109.5M	-146.1M	0
Other Non-Cash Items	-2.62M	-3.1M	349K	3.52M	-6.69M	1.76M	-6.37M	86.46M	78.36M	-407.5M
Working Capital Changes	-267.87M	-146.09M	-38.24M	-56.25M	218.16M	214.86M	-110.89M	-4.62M	65M	136.08M
Change in Receivables	-35.83M	-164.45M	-106.07M	205.55M	225.44M	-42.34M	-47.79M	45.43M	106.36M	16.72M
Change in Inventory	-102.35M	-8.06M	8.29M	-161.03M	79.81M	-12.35M	-116.26M	0	-9M	0
Change in Payables	-18.51M	-81.2M	121.23M	-61.25M	0	18.48M	108.19M	0	0	0
Cash from Investing+	-382.73M	-592.26M	-577.42M	-950.81M	-572.45M	-397.55M	-911.95M	-561.86M	-775.38M	-2.2B
Capital Expenditures	-266.48M	-218.93M	-238.7M	-268.04M	-128.48M	-235.74M	-293.76M	-159.77M	-109.73M	-116.61M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-92.74M	-92.36M	-87.42M	-60.19M	-186.96M	-65M	-80.49M	-265.13M	-237.73M	-254.01M
Cash from Financing+	-666.3M	-1.18B	-879.04M	-629.11M	94.17M	-1.65B	-1.59B	-1.19B	-1.61B	-246.66M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-135.05M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-24.06M	0	-2.43M	-554K	-3.9M	-6.99M	19.59M	-121.81M	34.15M	530.62M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.07B	1.14B	1.25B	1.37B	1.7B	1.88B	1.57B	1.81B	1.94B	2.12B
FCF Margin %	0.1%	0.11%	0.11%	0.11%	0.14%	0.16%	0.12%	0.13%	0.13%	0.13%
FCF Growth %	-0.03%	0.07%	0.1%	0.09%	0.24%	0.11%	-0.16%	0.15%	0.08%	0.09%
FCF per Share	3.41	3.76	4.34	4.92	6.37	7.43	6.47	7.59	8.38	9.39
FCF Conversion (FCF/Net Income)	1.25x	1.32x	1.30x	1.29x	1.73x	1.55x	1.28x	1.29x	1.30x	1.35x
Interest Paid	82.37M	78.23M	82M	102.11M	0	131.65M	115.41M	130.57M	102.18M	129.13M
Taxes Paid	246.13M	244.23M	261.95M	386.95M	0	382.83M	435.56M	480.61M	740.33M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	17.03%	16.26%	17.76%	18.64%	18.14%	22.04%	20.37%	20.94%	19.09%	16.83%
Return on Invested Capital (ROIC)	14.82%	14.96%	15.83%	15.78%	-	17.31%	15.65%	16.71%	16.66%	19.54%
Gross Margin	14.51%	14.49%	14.82%	15.02%	20.42%	20.62%	16.17%	16.19%	16.46%	20.67%
Net Margin	10%	9.55%	9.92%	10.43%	9.19%	11.29%	11.39%	11.41%	11.53%	10.42%
Debt / Equity	0.30x	0.30x	0.27x	0.34x	0.61x	0.60x	0.55x	0.45x	0.35x	0.43x
Interest Coverage	21.01x	23.14x	24.00x	23.21x	-	18.24x	22.23x	26.03x	26.54x	49.30x
FCF Conversion	1.25x	1.32x	1.30x	1.29x	1.73x	1.55x	1.28x	1.29x	1.30x	1.35x
Revenue Growth	5.06%	1.04%	6.94%	5.07%	0.33%	-0.31%	5.1%	12.17%	2.66%	8.43%

Frequently Asked Questions

Valuation & Price

CGI Inc. (GIB) has a price-to-earnings (P/E) ratio of 12.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

CGI Inc. (GIB) reported $15.91B in revenue for fiscal year 2025. This represents a 234% increase from $4.76B in 2012.

CGI Inc. (GIB) grew revenue by 8.4% over the past year. This is steady growth.

Yes, CGI Inc. (GIB) is profitable, generating $1.66B in net income for fiscal year 2025 (10.4% net margin).

Dividend & Returns

Yes, CGI Inc. (GIB) pays a dividend with a yield of 0.65%. This makes it attractive for income-focused investors.

CGI Inc. (GIB) has a return on equity (ROE) of 16.8%. This is reasonable for most industries.

CGI Inc. (GIB) generated $2.00B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...