Capgemini Past Earnings Performance
Past criteria checks 2/6
Capgemini has been growing earnings at an average annual rate of 9.2%, while the IT industry saw earnings growing at 8.8% annually. Revenues have been growing at an average rate of 6.1% per year. Capgemini's return on equity is 13.8%, and it has net margins of 7.1%.
Key information
9.22%
Earnings growth rate
9.02%
EPS growth rate
| IT Industry Growth | 13.19% |
| Revenue growth rate | 6.10% |
| Return on equity | 13.77% |
| Net Margin | 7.13% |
| Next Earnings Update | 30 Jul 2026 |
Recent past performance updates
Analysis Article • Mar 30
We Think You Can Look Beyond Capgemini's (EPA:CAP) Lackluster Earnings
The market for Capgemini SE's ( EPA:CAP ) shares didn't move much after it posted weak earnings recently. We think that...Analysis Article • Aug 08
Some Investors May Be Willing To Look Past Capgemini's (EPA:CAP) Soft Earnings
The most recent earnings report from Capgemini SE ( EPA:CAP ) was disappointing for shareholders. While the headline...Recent updates
Narrative Update • Apr 25
CAP: Gen AI Partnerships And Cloud Alliances Will Support Future Rerating Potential
Capgemini's updated narrative reflects a slightly lower implied price target, moving from about €153 to about €150, as analysts factor in modestly softer revenue growth and profit margin assumptions alongside higher discount rates and tempered P/E expectations. Analyst Commentary Recent research reflects a mixed but generally cautious stance on Capgemini, with several firms trimming price targets and a handful adjusting ratings as they reassess growth, profitability and valuation expectations.Narrative Update • Apr 10
CAP: Gen AI Execution And AI Partnerships Will Support Future Rerating Potential
Capgemini's analyst price target has been trimmed slightly, with the fair value estimate easing from about €153.49 to €152.66 as analysts factor in modestly higher revenue growth expectations, alongside questions around how improving top line momentum and Gen AI opportunities may translate into profits and cash flow. Analyst Commentary Recent Street research around Capgemini reflects a mix of caution and guarded optimism, with several firms trimming price targets while reassessing how revenue trends and Gen AI opportunities might feed through to earnings quality and cash generation.Analysis Article • Mar 30
We Think You Can Look Beyond Capgemini's (EPA:CAP) Lackluster Earnings
The market for Capgemini SE's ( EPA:CAP ) shares didn't move much after it posted weak earnings recently. We think that...Narrative Update • Mar 27
CAP: Gen AI And Sovereign Cloud Alliances Will Support Future Rerating Potential
Capgemini's narrative update reflects a lower blended analyst price target, with cuts from around €170 to €115 to €160 and a higher discount rate now applied, as analysts balance concerns about profit and cash flow against improving top line trends and a more even risk reward profile around Gen AI exposure. Analyst Commentary Recent Street research points to a more mixed stance on Capgemini, with analysts adjusting price targets and ratings as they reassess growth, execution and Gen AI exposure.Narrative Update • Mar 12
CAP: Gen AI And Sovereign Cloud Contracts Will Anchor Future Re Rating Potential
Capgemini's updated analyst price target edges down from about €156.78 to €153.49. This reflects analysts' more cautious assumptions on growth, margins and discount rates after a series of lowered Street targets and mixed views on the profit and cash flow upside from improving top line trends and Gen AI opportunities.Narrative Update • Feb 26
CAP: Sovereign Cloud And Cybersecurity Contracts Will Anchor Future Re Rating Potential
Analysts have trimmed the Capgemini price target in this update, bringing it more in line with recent sector calls that cluster around €117 and reflect a slightly higher discount rate, modestly adjusted revenue growth and margin expectations, as well as a lower assumed future P/E multiple. Analyst Commentary Recent research shows a clear reset in expectations around Capgemini, with price targets converging toward about €117 and ratings clustering around Neutral or Hold.Analysis Article • Feb 18
Earnings Release: Here's Why Analysts Cut Their Capgemini SE (EPA:CAP) Price Target To €161
Capgemini SE ( EPA:CAP ) shareholders are probably feeling a little disappointed, since its shares fell 8.7% to €104 in...Narrative Update • Feb 11
CAP: Sovereign Cloud And Cybersecurity Contracts Will Support Future Upside
Analysts have made a slight trim to their Capgemini price targets, now centering closer to €172. This reflects a modestly higher discount rate and more cautious revenue growth assumptions, partly influenced by recent neutral and Underweight stances in Street research.Narrative Update • Jan 08
CAP: AI Partnerships And Cybersecurity Wins Will Drive Future Upside
Narrative Update: Capgemini Capgemini’s narrative update reflects a reduced Street anchor, as analysts have moved a key price target down from €186 to €165. They cite refreshed assumptions on discount rates and valuation multiples, while largely maintaining their broader constructive stance on the shares.Narrative Update • Dec 19
CAP: AI Partnerships And Sovereign Cloud Wins Will Drive Future Upside
Narrative Update on Capgemini The analyst price target for Capgemini has been reduced by EUR 21, from EUR 186 to EUR 165. Analysts are factoring in slightly higher discount rates and modestly softer long term growth expectations, while maintaining a positive view on the shares.Narrative Update • Dec 04
CAP: AI Partnerships And Sovereign Cloud Deals Will Drive Future Upside
Analysts have modestly lowered their price target on Capgemini, with updated modeling for a slightly higher discount rate, softer medium term revenue growth, and a marginally lower profit margin contributing to a reduced fair value and a new Street target of EUR 165, down from EUR 186. Analyst Commentary Street research on Capgemini reflects a constructive long term view tempered by near term caution, with the lower price target primarily driven by adjustments to growth and risk assumptions rather than a fundamental change in the company narrative.Narrative Update • Nov 05
CAP: Digital Partnerships And New AI Initiatives Will Drive Future Upside
Analysts have modestly raised their price target for Capgemini to €171.93 from €169.57. They cite stronger expected revenue growth, even though there have been adjustments in profit margin forecasts and anticipated market discount rates.Narrative Update • Oct 22
Analyst Commentary Signals Mixed Outlook for Capgemini Amid Modest Valuation Adjustments
Narrative Update on Capgemini Analysts have revised their price target for Capgemini downward, decreasing it by €2.50 to reflect a more cautious outlook. This change is based on recent industry research and shifting market expectations.Narrative Update • Oct 08
Cloud, Data And AI Will Drive Digital Transformation Worldwide
Capgemini Price Target Revised Amid Modest Outlook Adjustments Analysts have slightly reduced their price target for Capgemini from $174.14 to $172.07. This change is due to marginal downward revisions to revenue growth expectations and profit margin forecasts.Narrative Update • Sep 19
Cloud, Data And AI Will Drive Digital Transformation Worldwide
Capgemini's fair value saw a marginal decline, as both the consensus analyst price target and key valuation metrics such as the discount rate and future P/E remained essentially unchanged. What's in the News Capgemini unveiled upgraded Outcome IQ for the Ryder Cup 2025, integrating real-time generative AI insights to enhance fan engagement across digital, broadcast, and on-site channels.Narrative Update • Sep 04
Cloud, Data And AI Will Drive Digital Transformation Worldwide
Capgemini’s valuation outlook remains stable, with consensus revenue growth and net profit margin both unchanged, resulting in an unchanged analyst price target of €175.93. What's in the News Capgemini, Google Cloud, and Imperial War Museums announced a landmark AI-powered project transcribing and translating over 20,000 hours of oral histories, significantly improving accessibility and research capabilities through advanced generative AI.Analysis Article • Aug 23
Capgemini SE's (EPA:CAP) Earnings Are Not Doing Enough For Some Investors
When close to half the companies in France have price-to-earnings ratios (or "P/E's") above 17x, you may consider...Analysis Article • Aug 08
Some Investors May Be Willing To Look Past Capgemini's (EPA:CAP) Soft Earnings
The most recent earnings report from Capgemini SE ( EPA:CAP ) was disappointing for shareholders. While the headline...Analysis Article • Jul 31
Is Now An Opportune Moment To Examine Capgemini SE (EPA:CAP)?
Capgemini SE ( EPA:CAP ) received a lot of attention from a substantial price movement on the ENXTPA over the last few...Analysis Article • Jun 25
An Intrinsic Calculation For Capgemini SE (EPA:CAP) Suggests It's 35% Undervalued
Key Insights The projected fair value for Capgemini is €221 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Jun 12
We Think Capgemini (EPA:CAP) Can Stay On Top Of Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • May 29
Here's What To Make Of Capgemini's (EPA:CAP) Decelerating Rates Of Return
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
New Narrative • Nov 07
Riding The AI Wave Decisive Consulting Fuels Future Growth And Margin Expansion
Strategic focus on AI and GenAI leads to strong revenue growth due to increasing client demand and successful project bookings.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Capgemini makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 22,465 | 1,601 | 3,377 | 0 |
| 30 Sep 25 | 22,265 | 1,581 | 3,383 | 0 |
| 30 Jun 25 | 22,065 | 1,560 | 3,388 | 0 |
| 31 Mar 25 | 22,081 | 1,616 | 3,400 | 0 |
| 31 Dec 24 | 22,096 | 1,671 | 3,411 | 0 |
| 30 Sep 24 | 22,165 | 1,680 | 3,391 | 0 |
| 30 Jun 24 | 22,234 | 1,689 | 3,371 | 0 |
| 31 Mar 24 | 22,378 | 1,676 | 3,356 | 0 |
| 31 Dec 23 | 22,522 | 1,663 | 3,341 | 0 |
| 30 Sep 23 | 22,628 | 1,676 | 3,295 | 0 |
| 30 Jun 23 | 22,733 | 1,689 | 3,249 | 0 |
| 31 Mar 23 | 22,364 | 1,618 | 3,200 | 0 |
| 31 Dec 22 | 21,995 | 1,547 | 3,150 | 0 |
| 30 Sep 22 | 21,066 | 1,464 | 3,016 | 0 |
| 30 Jun 22 | 20,137 | 1,381 | 2,881 | 0 |
| 31 Mar 22 | 19,149 | 1,269 | 2,757 | 0 |
| 31 Dec 21 | 18,160 | 1,157 | 2,633 | 0 |
| 30 Sep 21 | 17,569 | 1,123 | 2,571 | 0 |
| 30 Jun 21 | 16,978 | 1,089 | 2,509 | 0 |
| 31 Mar 21 | 16,413 | 1,023 | 2,447 | 0 |
| 31 Dec 20 | 15,848 | 957 | 2,385 | 0 |
| 30 Sep 20 | 15,274 | 868 | 2,333 | 0 |
| 30 Jun 20 | 14,699 | 779 | 2,280 | 0 |
| 31 Mar 20 | 14,412 | 818 | 2,261 | 0 |
| 31 Dec 19 | 14,125 | 856 | 2,242 | 0 |
| 30 Sep 19 | 13,931 | 830 | 2,217 | 0 |
| 30 Jun 19 | 13,737 | 804 | 2,191 | 0 |
| 31 Mar 19 | 13,467 | 767 | 2,141 | 0 |
| 31 Dec 18 | 13,197 | 730 | 2,091 | 0 |
| 30 Sep 18 | 12,955 | 745 | 2,045 | 0 |
| 30 Jun 18 | 12,712 | 759 | 1,998 | 0 |
| 31 Mar 18 | 12,619 | 790 | 1,997 | 0 |
| 31 Dec 17 | 12,525 | 820 | 1,996 | 0 |
| 30 Sep 17 | 12,544 | 875 | 2,012 | 0 |
| 30 Jun 17 | 12,562 | 930 | 2,027 | 0 |
| 31 Mar 17 | 12,551 | 926 | 2,019 | 0 |
| 31 Dec 16 | 12,539 | 921 | 2,011 | 0 |
| 30 Sep 16 | 12,552 | 1,061 | 2,020 | 0 |
| 30 Jun 16 | 12,564 | 1,200 | 2,029 | 0 |
| 31 Mar 16 | 12,240 | 1,162 | 1,966 | 0 |
| 31 Dec 15 | 11,915 | 1,124 | 1,902 | 0 |
| 30 Sep 15 | 11,496 | 877 | 1,842 | 0 |
| 30 Jun 15 | 11,077 | 630 | 1,781 | 0 |
Quality Earnings: CAP has high quality earnings.
Growing Profit Margin: CAP's current net profit margins (7.1%) are lower than last year (7.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CAP's earnings have grown by 9.2% per year over the past 5 years.
Accelerating Growth: CAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CAP had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the IT industry average (-4.1%).
Return on Equity
High ROE: CAP's Return on Equity (13.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/12 11:40 |
| End of Day Share Price | 2026/05/12 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Capgemini SE is covered by 29 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adam Shepherd | Arete Research Services LLP |
| Adrian Sanchez | Banco Santander |
| Sven Merkt | Barclays |