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CI&T

CINT
53
Software - Infrastructure · Technology
Winston Score
53
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Strong
Stability
Strong
Valuation
Exceptional

Winston Score History

The full picture

CI&T is a technology services company that helps large businesses build and improve software. It works with companies in industries like banking, retail, and consumer goods, writing code and designing digital tools so those businesses can serve their customers better online. Founded in Brazil, CI&T is one of the larger technology services firms to come out of Latin America.

CI&T makes money by charging clients fees for its teams of software engineers and designers, usually through long-term service contracts. It operates mainly in Brazil, the United States, and Europe, with most of its workforce based in lower-cost locations like Brazil, which helps keep its margins competitive. The company's main growth driver is winning more business from large global companies that want to outsource digital development, but its main risk is that it competes against much larger firms like Accenture and Wipro, which have bigger sales teams and deeper client relationships.

Score breakdown

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Quality

Profit per sale
Gross Margin
29.1%
Modest — 29.1% gross margin
Profit after running costs
Operating Margin
9.5%
Modest — 9.5% operating margin
Return on the money invested
ROCE
14.0%
Good — 14.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
-46.2%
Shrinking sales (-46.2% YoY)
Profit growth
EPS YoY
-57.1%
Earnings shrinking (-57.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
133%
Turns 133% of profit into real cash
Spare cash per sale
FCF Margin
7.5%
Modest free cash flow (7.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.39
Conservative — low debt load (0.39)
Covers its interest
Interest Cover
7.73x
Adequate interest coverage (7.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
13.1x
no trend
Attractive valuation — P/E 13.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+11.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (13.1 → 1.8)

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Dividends

Not applicable for this business.
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