Grid Dynamics Holdings vs Hackett Group
Grid Dynamics Holdings reported revenue of $412 million in fiscal 2025, 1.3 times Hackett Group's $306 million in fiscal 2025. Grid Dynamics Holdings' revenue grew 17.5% in its latest year, and Hackett Group's fell 2.6%. Grid Dynamics Holdings had an operating margin of -0.5%, against 7.7% at Hackett Group. Free cash flow was $25 million at Grid Dynamics Holdings and $32 million at Hackett Group. Their fiscal years end in different months (December 31 and December 26), so the periods don't line up exactly.
Side by side
| Grid Dynamics Holdings | Hackett Group | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 26, 2025 |
| Revenue | $412M | $306M |
| Revenue growth | 17.5% | −2.6% |
| Revenue growth a year, last 5 years | 29.9% | 5.0% |
| Gross margin | 34.6% | 38.3% |
| Operating margin | −0.5% | 7.7% |
| Net margin | 2.4% | 4.2% |
| Free cash flow | $25M | $32M |
| Free cash flow margin | 6.1% | 10.6% |
| Return on capital | — | 11.8% |
| Net debt to EBITDA | — | 2.0x |
| Dividends and buybacks | $2M | $82M |
| Change in diluted share count | 8.7% | −0.7% |
| Last close | $13.10 | $13.42 |
| P/E at the last close | 145.6× | 19.2× |
| Insider trades, last 12 months | sold $1.1 million | — |
| Piotroski F-score | — | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Grid Dynamics HoldingsHackett Group
Operating margin
Percent of revenue
Grid Dynamics HoldingsHackett Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Grid Dynamics HoldingsHackett Group
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Grid Dynamics Holdings and Hackett Group pages.