CIB

MKT CAP:$19B

Grupo Cibest S.A.

Market Cap

$19B

Financial Services·Banks - Regional· Colombia·NYSE

Financials·Banks - Regional·NYSE

Stock Price

$73.57+$10.37 (+16.41%)

Apr 22, 2026

Company Details

Grupo Cibest SA operates as an investment holding company. The company is headquartered in Medellin, Columbia.

CEO

Juan Carlos Mora Uribe

IPO Date

Jul 26, 1995

Website

www.grupocibest.com

Key Metrics TTM

Revenue

$11.8B

+66.5% YoY

Net Income

$1.8B

EPS (Diluted)

$12.17

Free Cash Flow

-$1.6B

Revenue / Share

$49.43

Gross Margin

54.2%

Operating Margin

20.0%

Net Margin

15.0%

FCF Margin

-13.6%

P/S

1.6x

P/E

10.8x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Dec 30, 2025

$12.0BEPS $7.97

Q4 2025

Dec 30, 2025

$3.3BEPS $1.86

Q4 2023

Mar 26, 2024

$3.2B+13.6%EPS $1.69

Q4 2022

Apr 3, 2023

$2.8B+70.5%EPS $1.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 19	$1.5B	$895M	$336M
Q4 19	$1.6B	$806M	$203M
Q1 20	$1.6B	$751M	$135M
Q2 20	$1.6B	$443M	-$59M
Q3 20	$1.5B	$599M	$76M
Q4 20	$1.4B	$504M	-$65M
Q1 21	$1.4B	$758M	$216M
Q2 21	$1.5B	$999M	$428M
Q3 21	$1.5B	$1.1B	$434M
Q4 21	$1.7B	$1.3B	$599M
Q1 22	$1.8B	$1.4B	$737M
Q2 22	$2.1B	$1.4B	$740M
Q3 22	$2.4B	$1.4B	$700M
Q4 22	$2.8B	$1.4B	$554M
Q4 23	$3.2B	$1.5B	$540M
Q4 25	$3.3B	$1.9B	$558M

Valuation

Quarter	P/S	P/E
Q3 19	3.1x	18.6x
Q4 19	3.1x	21.8x
Q1 20	3.1x	25.9x
Q2 20	3.0x	42.2x
Q3 20	3.1x	67.1x
Q4 20	3.1x	245.9x
Q1 21	3.2x	140.6x
Q2 21	3.3x	39.6x
Q3 21	3.3x	28.6x
Q4 21	3.1x	16.6x
Q1 22	2.9x	12.9x
Q2 22	2.7x	11.5x
Q3 22	2.4x	10.3x
Q4 22	2.1x	10.0x
Q4 23	1.8x	10.4x
Q4 25	1.6x	10.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	-$947M	-$989M
Q3 19	$15M	-$96M
Q4 19	$899M	$679M
Q1 20	-$2.6B	-$2.7B
Q2 20	-$977M	-$1.0B
Q3 20	$843M	$762M
Q4 20	-$22M	-$239M
Q1 21	$324M	$245M
Q2 21	-$1.2B	-$1.3B
Q3 21	-$1.1B	-$1.3B
Q4 21	-$1.7B	-$2.0B
Q1 22	-$787M	-$895M
Q2 22	-$2.4B	-$2.6B
Q3 22	-$1.5B	-$1.6B
Q4 22	-$69M	-$641M
Q4 23	$3.4B	$3.2B

Capital Expenditures

Quarter	CapEx
Q2 19	$43M
Q3 19	$111M
Q4 19	$220M
Q1 20	$88M
Q2 20	$43M
Q3 20	$81M
Q4 20	$217M
Q1 21	$79M
Q2 21	$88M
Q3 21	$154M
Q4 21	$292M
Q1 22	$108M
Q2 22	$151M
Q3 22	$160M
Q4 22	$572M
Q4 23	$180M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+10.1%	+2.4%
Q4 19	+5.9%	+17.6%
Q1 20	+3.9%	+24.1%
Q2 20	+1.6%	+37.2%
Q3 20	-4.2%	+16.3%
Q4 20	-9.3%	+9.0%
Q1 21	-8.7%	-15.2%
Q2 21	-6.9%	-36.3%
Q3 21	+3.3%	-22.1%
Q4 21	+17.4%	-28.2%
Q1 22	+28.0%	-10.0%
Q2 22	+39.4%	+25.7%
Q3 22	+60.0%	+59.4%
Q4 22	+70.5%	+114.5%
Q4 23	+76.5%	+146.2%
Q4 25	+59.3%	+106.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$0	0.0%
Q3 19	$0	0.0%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q4 23	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q3 19	$442M	—
Q4 19	$489M	—
Q1 20	$468M	—
Q2 20	$390M	—
Q3 20	$418M	—
Q4 20	$458M	—
Q1 21	$453M	—
Q2 21	$480M	—
Q3 21	$544M	—
Q4 21	$631M	—
Q1 22	$561M	—
Q2 22	$584M	—
Q3 22	$620M	—
Q4 22	$752M	—
Q4 23	$474M	$49M
Q4 25	$427M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$6.2B	$0	$6.2B
Q2 22	$6.0B	$0	$6.0B
Q3 22	$6.1B	$0	$6.1B
Q4 22	$8.1B	$0	$8.1B
Q1 23	$6.7B	$0	$6.7B
Q2 23	$6.7B	$0	$6.7B
Q3 23	$5.9B	$0	$5.9B
Q4 23	$9.0B	$1.2B	$10.1B
Q1 24	$6.4B	$1.7B	$8.1B
Q2 24	$8.8B	$0	$8.8B
Q3 24	$7.0B	$1.6B	$8.6B
Q4 24	$7.6B	$823M	$8.4B
Q1 25	$7.0B	$1.5B	$8.5B
Q2 25	$8.8B	$1.4B	$10.2B
Q3 25	$7.9B	$1.5B	$9.3B
Q4 25	$6.4B	$0	$6.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 19	60M	0.0%	0.0%
Q4 19	60M	-0.0%	-0.0%
Q1 20	60M	+0.0%	+0.0%
Q2 20	60M	-0.0%	0.0%
Q3 20	60M	-0.0%	-0.0%
Q4 20	60M	+0.0%	+0.0%
Q1 21	60M	0.0%	-0.0%
Q2 21	60M	0.0%	0.0%
Q3 21	60M	0.0%	+0.0%
Q4 21	60M	0.0%	0.0%
Q1 22	60M	0.0%	0.0%
Q2 22	60M	0.0%	0.0%
Q3 22	60M	0.0%	0.0%
Q4 22	240M	+300.0%	+300.0%
Q4 23	240M	0.0%	+300.0%
Q4 25	238M	-0.9%	+296.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 19	$49.6K	31K
Q4 19	$50.3K	31K
Q1 20	$50.3K	31K
Q2 20	$51.0K	31K
Q3 20	$47.5K	31K
Q4 20	$64.4K	22K
Q1 21	$64.9K	22K
Q2 21	$67.1K	22K
Q3 21	$69.3K	22K
Q4 21	$53.3K	31K
Q1 22	$58.5K	31K
Q2 22	$65.8K	31K
Q3 22	$78.1K	31K
Q4 22	$85.6K	33K
Q4 23	$92.8K	35K
Q4 25	$96.0K	34K

Revenue / Employee