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One of the world's largest IT services and consulting firms, providing systems integration, outsourcing and business consulting to government and enterprise clients.
One of the world's largest IT services and consulting firms, providing systems integration, outsourcing and business consulting to government and enterprise clients.
Bills clients for people's time and on multi-year managed-services contracts, with staff close to each client, which suits government and bank buyers. Founder Serge Godin's family keeps voting control through multiple-voting shares, and the group grew through purchases such as Logica in 2012.
In one line: Canada's Accenture/DXC Technology.
Moat: narrow (switching costs, scale, customer qualification). Long-term outsourcing contracts and deep client-systems integration create high switching costs.
Headquarters: Montreal, Canada · Founded: 1976 · Employees: 94,000
Size CGI (GIB-A.TO) is a Canada Information Technology company (Information Technology Services) with a market value of $17.2B, the 51st largest of 420 Canada companies the cockpit tracks. Shares closed at C$117.74 on 6 Nov 2026.
Performance Over six months the shares gained 26.6%, against +26.7% for the median peer and +5.2% for the Canada market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 5.7% over the last twelve months (peer median +12.0%); the operating margin is 16.7% (peer median 10.1%).
Valuation It trades at 12.2× forward earnings against a peer median of 24.4× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.6 points above its cost of capital (5.0% WACC).
Backlog Backlog (remaining performance obligations) was C$1.18B at 30 Sep 2024, up 20% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$16.4B | C$15.9B | C$14.7B | C$14.3B | C$12.9B |
| Revenue growth | — | +8% | +3% | +11% | — |
| Gross profit | C$2.75B | C$2.67B | C$2.47B | C$2.34B | C$2.08B |
| EBITDA | C$3.37B | C$3.25B | C$2.97B | C$2.85B | C$2.54B |
| Net income | C$1.73B | C$1.66B | C$1.69B | C$1.63B | C$1.47B |
| Free cash flow | C$2.48B | C$2.12B | C$2.10B | C$1.95B | C$1.71B |
| Capital expenditure | C$377M | C$368M | C$361M | C$409M | C$378M |
| Total debt | C$4.34B | C$4.33B | C$3.31B | C$3.74B | C$3.98B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CGI GIB-A.TO | $17.2B | +27% | +6% | 17% | 12.2× | -12.0% |
| Accenture ACN | $154B | +44% | +6% | 15% | 17.8× | 3.7% |
| DXC Technology DXC | $2.31B | +58% | -3% | 1% | 5.8× | 3.2% |
| Capgemini CAP.PA | $24.1B | +31% | +6% | 11% | 10.4× | -0.1% |
| Tata Consultancy Services TCS.NS | $95.7B | +4% | +10% | 25% | 16.2× | 12.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GIB-A.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.8% | +6.6% | 4th highest of 21 |
| 6-month return | +26.6% | +26.7% | 11th highest of 21 |
| Distance from 52-week high | -10.8% | -18.9% | 8th highest of 21 |
| Revenue growth (TTM) | +5.7% | +12.0% | 3rd lowest of 21 |
| Operating margin | 16.7% | 10.1% | 5th highest of 21 |
| Forward P/E | 12.2× | 24.4× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -12.0% | 8.1% | least demanding of 19 |
| Growth delivered (Del g) | +5.5% | +9.6% | 5th lowest of 19 |
| Hurdle (Req g minus delivered) | -17.6 pp | -1.9 pp | 2nd least demanding of 19 |
| ROIC minus cost of capital | +9.6 pp | +3.9 pp | 8th highest of 20 |
| EV / EBITDA | 8.2× | 15.9× | 2nd cheapest of 15 |
| Net debt / EBITDA | 1.1× | -0.2× | 6th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CGI GIB-A.TO | Canada | $17.2B | +27% | +6% | 17% | 12.2× | -12.0% | +5.5% |
| OBIC 4684.T | Japan | $16.6B | +46% | +13% | 67% | 30.3× | 4.6% | +10.0% |
| Tech Mahindra TECHM.NS | India | $19.0B | +26% | +14% | 14% | 23.9× | 20.3% | +8.5% |
| CDW CDW | United States | $19.6B | +51% | +11% | 7% | 12.9× | 2.6% | +4.0% |
| Nomura Research Institute 4307.T | Japan | $20.2B | +40% | +8% | 19% | 26.4× | 0.7% | +8.2% |
| Wipro WIPRO.NS | India | $20.7B | 0% | +8% | 16% | 14.9× | 9.0% | +8.4% |
| CACI International CACI | United States | $13.6B | +27% | +10% | 10% | 17.6× | 7.3% | +9.6% |
| Rubrik RBRK | United States | $21.9B | +70% | +42% | -18% | 215.0× | 36.2% | +27.7% |
| Bentley Systems BSY | United States | $13.5B | +36% | +13% | 24% | 31.4× | 22.8% | +13.4% |
| Guidewire Software GWRE | United States | $13.3B | +17% | +23% | 10% | 38.5× | 39.4% | +14.7% |
| iflytek 002230.SZ | China | $13.2B | -20% | +11% | -4% | 106.3× | n/a | n/a |
| Credo Technology CRDO | United States | $22.7B | -36% | +165% | 32% | 16.5× | 47.4% | +86.8% |
| Samsung Sds 018260.KS | South Korea | $12.4B | +31% | +2% | 5% | 24.9× | 13.0% | +4.8% |
| Capgemini CAP.PA | France | $24.1B | +31% | +6% | 11% | 10.4× | -0.1% | +7.2% |
| Ruijie Networks 301165.SZ | China | $11.7B | +6% | +30% | 5% | 48.3× | n/a | n/a |
| HP Inc. HPQ | United States | $25.7B | +27% | +9% | 7% | 9.5× | -7.0% | -0.4% |
| Indra Sistemas IDR.MC | Spain | $11.2B | +12% | +28% | 10% | 19.7× | 4.2% | +12.4% |
| Persistent Systems PERSISTENT.NS | India | $10.6B | +21% | +27% | 16% | 43.9× | 37.4% | +28.6% |
| Cognizant CTSH | United States | $28.9B | +26% | +5% | -1% | 10.5× | 0.8% | +4.9% |
| Coforge COFORGE.NS | India | $9.71B | +62% | +41% | 16% | 35.2× | 34.6% | +28.6% |
| Otsuka 4768.T | Japan | $8.63B | +24% | +9% | 7% | 20.1× | -5.6% | +9.6% |
CGI reported C$1.18B of remaining performance obligations at 30 Sep 2024, up 20% from a year earlier. That is 0.1 years of trailing revenue already under contract.