NYSE : IT
Gartner, Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 225.06 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 14.21B
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Financial statements
Gartner, Inc. (IT) reported revenue of 6.46B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 6.34B | 6.27B | 5.97B | 5.54B | 5.48B | 4.73B |
| Other Revenue | 124.60M | 227.41M | 296.60M | 371.01M | ||
| Revenue | 6.46B | 6.50B | 6.27B | 5.91B | 5.48B | 4.73B |
| Cost of Revenue | 1.96B | 2.05B | 2.02B | 1.90B | 1.69B | 1.44B |
| Gross Profit | 4.50B | 4.44B | 4.24B | 4.00B | 3.78B | 3.29B |
| Selling, General & Admin | 3.05B | 3.06B | 2.88B | 2.68B | 2.43B | 2.11B |
| Amortization of Goodwill & Intangibles | 80.30M | 82.29M | 90.23M | 92.46M | 98.54M | 109.60M |
| Operating Expenses | 3.24B | 3.27B | 3.08B | 2.87B | 2.62B | 2.32B |
| Operating Income | 1.26B | 1.18B | 1.17B | 1.13B | 1.16B | 970.23M |
| Interest Expense | -142.88M | -124.78M | -127.15M | -132.77M | -126.20M | -98.27M |
| Interest & Investment Income | 64.72M | 64.72M | 61.56M | 38.53M | 4.88M | 1.89M |
| Currency Exchange Gain (Loss) | -830.00K | 2.60M | -4.40M | -4.10M | -6.30M | -5.10M |
| Other Non Operating Income (Expenses) | -4.17M | 1.72M | 2.64M | 6.08M | 55.73M | 4.40M |
| EBT Excluding Unusual Items | 1.18B | 1.12B | 1.10B | 1.04B | 1.09B | 873.15M |
| Merger & Restructuring Charges | -973.00K | -9.59M | -9.08M | -6.05M | ||
| Impairment of Goodwill | -150.00M | -150.00M | ||||
| Gain (Loss) on Sale of Assets | 5.40M | 135.41M | ||||
| Asset Writedown | -4.77M | -4.77M | -10.91M | -20.37M | -53.97M | -49.54M |
| Pretax Income | 1.03B | 968.12M | 1.39B | 1.15B | 1.03B | 969.87M |
| Income Tax Expense | 255.00M | 238.89M | 133.66M | 264.66M | 219.40M | 176.31M |
| Net Income | 775.35M | 729.23M | 1.25B | 882.47M | 807.80M | 793.56M |
| Net Income to Common | 775.35M | 729.23M | 1.25B | 882.47M | 807.80M | 793.56M |
| Shares Outstanding (Basic) | 70.80M | 75.36M | 77.78M | 79.00M | 80.18M | 85.03M |
| Shares Outstanding (Diluted) | 70.95M | 75.61M | 78.34M | 79.68M | 81.07M | 86.18M |
| EPS (Basic) | 10.95 | 9.68 | 16.12 | 11.17 | 10.08 | 9.33 |
| EPS (Diluted) | 10.93 | 9.65 | 16.00 | 11.08 | 9.96 | 9.21 |
| Free Cash Flow | 1.29B | 1.18B | 1.38B | 1.05B | 993.37M | 1.25B |
| Free Cash Flow Per Share | 18.17 | 15.54 | 17.66 | 13.21 | 12.25 | 14.54 |
| Gross Margin | 69.63% | 68.39% | 67.72% | 67.78% | 69.07% | 69.49% |
| Operating Margin | 19.54% | 18.14% | 18.61% | 19.14% | 21.22% | 20.50% |
| Profit Margin | 12.00% | 11.22% | 20.00% | 14.94% | 14.75% | 16.76% |
| Free Cash Flow Margin | 19.94% | 18.09% | 22.07% | 17.82% | 18.14% | 26.46% |
| EBITDA | 1.38B | 1.31B | 1.31B | 1.27B | 1.31B | 1.15B |
| EBITDA Margin | 21.41% | 20.17% | 20.88% | 21.57% | 24.01% | 24.25% |
| D&A For EBITDA | 121.02M | 131.91M | 142.22M | 143.30M | 152.35M | 177.81M |
| EBIT | 1.26B | 1.18B | 1.17B | 1.13B | 1.16B | 970.23M |
| EBIT Margin | 19.54% | 18.14% | 18.61% | 19.14% | 21.22% | 20.50% |
| Effective Tax Rate | 24.75% | 24.68% | 9.63% | 23.07% | 21.36% | 18.18% |
| Revenue as Reported | 6.46B | 6.50B | 6.27B | 5.91B | 5.48B | 4.73B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.49B | 1.72B | 1.93B | 1.32B | 698.00M | 756.49M |
| Trading Asset Securities | 3.10M | 5.96M | 6.35M | |||
| Cash & Short-Term Investments | 1.49B | 1.72B | 1.94B | 1.32B | 704.35M | 756.49M |
| Receivables | 1.26B | 1.73B | 1.73B | 1.63B | 1.58B | 1.39B |
| Prepaid Expenses | 125.87M | 111.44M | 119.09M | 91.65M | 91.05M | 93.67M |
| Restricted Cash | 600.00K | 4.11M | ||||
| Other Current Assets | 352.18M | 507.32M | 413.91M | 380.66M | 412.74M | 380.57M |
| Total Current Assets | 3.22B | 4.07B | 4.20B | 3.43B | 2.79B | 2.62B |
| Property, Plant & Equipment | 407.62M | 428.18M | 500.39M | 629.53M | 701.17M | 821.82M |
| Goodwill | 2.74B | 2.74B | 2.93B | 2.94B | 2.93B | 2.95B |
| Other Intangible Assets | 294.43M | 336.30M | 409.69M | 501.96M | 584.71M | 714.42M |
| Long-Term Deferred Tax Assets | 245.43M | 262.76M | 144.71M | 138.32M | 140.00M | |
| Other Long-Term Assets | 528.66M | 268.34M | 235.10M | 194.57M | 159.21M | 168.69M |
| Total Assets | 7.19B | 8.09B | 8.53B | 7.84B | 7.30B | 7.42B |
| Accounts Payable | 810.08M | 49.78M | 55.79M | 63.14M | 83.22M | 49.28M |
| Accrued Expenses | 1.04B | 1.01B | 893.79M | 855.87M | 955.18M | |
| Current Portion of Long-Term Debt | 5.00M | 9.60M | 7.80M | 27.73M | ||
| Current Portion of Leases | 96.79M | 96.08M | 100.31M | 98.49M | 99.72M | 89.75M |
| Current Income Taxes Payable | 51.26M | 38.69M | 72.18M | 76.38M | 18.72M | |
| Current Unearned Revenue | 2.76B | 2.81B | 2.76B | 2.64B | 2.44B | 2.24B |
| Other Current Liabilities | 234.00K | 20.50M | 30.84M | 91.00K | ||
| Total Current Liabilities | 3.66B | 4.07B | 3.97B | 3.78B | 3.60B | 3.38B |
| Long-Term Debt | 2.98B | 2.98B | 2.46B | 2.45B | 2.45B | 2.49B |
| Long-Term Leases | 253.43M | 270.20M | 339.78M | 513.41M | 597.27M | 697.77M |
| Long-Term Unearned Revenue | 28.34M | 31.57M | 27.39M | 33.49M | 39.12M | 48.18M |
| Pension & Post-Retirement Benefits | 215.29M | 183.72M | 157.03M | 124.38M | 139.10M | |
| Long-Term Deferred Tax Liabilities | 29.31M | 48.74M | 86.55M | 139.53M | 181.79M | |
| Other Long-Term Liabilities | 436.66M | 170.36M | 146.94M | 138.39M | 120.44M | 110.88M |
| Total Liabilities | 7.36B | 7.77B | 7.18B | 7.16B | 7.07B | 7.05B |
| Common Stock | 82.00K | 82.00K | 82.00K | 82.00K | 82.00K | 82.00K |
| Additional Paid-In Capital | 2.77B | 2.68B | 2.50B | 2.32B | 2.18B | 2.07B |
| Retained Earnings | 7.22B | 6.72B | 5.99B | 4.74B | 3.86B | 3.05B |
| Treasury Stock | -10.11B | -9.04B | -7.04B | -6.30B | -5.71B | -4.67B |
| Comprehensive Income & Other | -52.42M | -41.02M | -88.33M | -76.33M | -101.61M | -81.43M |
| Shareholders' Equity | -167.34M | 319.91M | 1.36B | 680.63M | 227.80M | 371.06M |
| Total Liabilities & Equity | 7.19B | 8.09B | 8.53B | 7.84B | 7.30B | 7.42B |
| Total Debt | 3.33B | 3.35B | 2.90B | 3.07B | 3.16B | 3.30B |
| Net Cash (Debt) | -1.84B | -1.63B | -963.76M | -1.75B | -2.45B | -2.55B |
| Net Cash Per Share | -25.95 | -21.50 | -12.30 | -21.90 | -30.27 | -29.56 |
| Filing Date Shares Outstanding | 63.15M | 70.45M | 76.82M | 77.97M | 79.06M | 82.29M |
| Total Common Shares Outstanding | 64.40M | 70.85M | 77.38M | 78.34M | 79.17M | 82.40M |
| Working Capital | -438.98M | -5.75M | 227.51M | -349.83M | -811.49M | -758.70M |
| Book Value Per Share | -2.60 | 4.52 | 17.56 | 8.69 | 2.88 | 4.50 |
| Tangible Book Value | -3.20B | -2.76B | -1.98B | -2.76B | -3.29B | -3.29B |
| Tangible Book Value Per Share | -49.69 | -38.92 | -25.60 | -35.21 | -41.52 | -39.99 |
| Machinery | 418.43M | 458.39M | 403.69M | 348.40M | 401.44M | |
| Leasehold Improvements | 191.87M | 190.45M | 213.21M | 220.51M | 253.45M | |
| Order Backlog | 173.70M | 187.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 775.35M | 729.23M | 1.25B | 882.47M | 807.80M | 793.56M |
| Depreciation & Amortization | 121.02M | 131.91M | 142.22M | 143.30M | 152.35M | 177.81M |
| Other Amortization | 73.22M | 72.69M | 64.69M | 52.49M | 44.17M | 38.76M |
| Loss (Gain) From Sale of Assets | -5.40M | -135.41M | ||||
| Asset Writedown & Restructuring Costs | 154.18M | 154.77M | 10.91M | 20.37M | 53.97M | 49.54M |
| Stock-Based Compensation | 149.54M | 155.88M | 154.78M | 129.84M | 90.57M | 98.57M |
| Other Operating Activities | 97.09M | 64.53M | -100.21M | 2.11M | -12.92M | 13.35M |
| Change in Accounts Receivable | 38.01M | 38.03M | -137.77M | -24.66M | -240.70M | -145.35M |
| Change in Accounts Payable | -38.71M | -10.79M | 29.40M | -28.55M | -101.91M | 121.24M |
| Change in Unearned Revenue | 74.11M | -41.94M | 181.18M | 169.92M | 297.12M | 324.06M |
| Change in Other Net Operating Assets | -55.80M | -3.93M | -113.99M | -56.14M | 10.97M | -159.07M |
| Operating Cash Flow | 1.38B | 1.29B | 1.48B | 1.16B | 1.10B | 1.31B |
| Capital Expenditures | -93.67M | -115.14M | -101.74M | -103.12M | -108.05M | -59.83M |
| Cash Acquisitions | -2.00M | -3.80M | -9.51M | -22.94M | ||
| Divestitures | 104.80M | 161.08M | ||||
| Other Investing Activities | 2.31M | |||||
| Investing Cash Flow | 11.13M | -115.14M | -103.74M | 54.16M | -117.56M | -80.47M |
| Long-Term Debt Issued | 799.86M | 274.40M | 600.00M | |||
| Long-Term Debt Repaid | -274.40M | -274.40M | -7.80M | -5.93M | -112.92M | |
| Net Debt Issued (Repaid) | 520.46M | 525.46M | -7.80M | -5.93M | 487.08M | |
| Issuance of Common Stock | 29.78M | 32.45M | 28.19M | 25.11M | 22.23M | 18.17M |
| Repurchase of Common Stock | -2.64B | -1.99B | -735.36M | -606.19M | -1.04B | -1.66B |
| Other Financing Activities | -7.99M | -6.48M | -2.97M | -7.32M | ||
| Financing Cash Flow | -2.09B | -1.44B | -710.14M | -588.88M | -1.03B | -1.16B |
| Foreign Exchange Rate Adjustments | -9.08M | 53.87M | -57.49M | -13.00K | -18.43M | -26.38M |
| Net Cash Flow | -708.83M | -210.63M | 613.55M | 621.00M | -62.00M | 48.02M |
| Free Cash Flow | 1.29B | 1.18B | 1.38B | 1.05B | 993.37M | 1.25B |
| Free Cash Flow Margin | 19.94% | 18.09% | 22.07% | 17.82% | 18.14% | 26.46% |
| Free Cash Flow Per Share | 18.17 | 15.54 | 17.66 | 13.21 | 12.25 | 14.54 |
| Levered Free Cash Flow | 1.05B | 922.79M | 951.34M | 1.00B | 837.14M | 1.00B |
| Unlevered Free Cash Flow | 1.14B | 996.49M | 1.03B | 1.08B | 911.44M | 1.06B |
| Cash Interest Paid | 99.50M | 99.50M | 100.08M | 119.04M | 112.83M | 101.89M |
| Cash Income Tax Paid | 209.56M | 209.56M | 312.89M | 306.68M | 174.80M | 253.38M |
| Change in Working Capital | 17.61M | -18.64M | -41.18M | 60.57M | -34.51M | 140.88M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.45B | 18.18B | 37.37B | 35.16B | 26.56B | 27.49B |
| Enterprise Value | 16.29B | 19.60B | 38.60B | 37.00B | 29.20B | 30.09B |
| Last Close Price | 228.79 | 252.28 | 484.47 | 451.11 | 336.14 | 334.32 |
| PE Ratio | 20.92 | 24.93 | 29.81 | 39.85 | 32.88 | 34.65 |
| Forward PE | 14.73 | 19.18 | 38.12 | 39.57 | 35.70 | 44.49 |
| PS Ratio | 2.24 | 2.80 | 5.96 | 5.95 | 4.85 | 5.81 |
| PB Ratio | 56.84 | 27.49 | 51.66 | 116.61 | 74.10 | |
| P/FCF Ratio | 11.21 | 15.47 | 27.02 | 33.41 | 26.74 | 21.95 |
| P/OCF Ratio | 10.45 | 14.09 | 25.17 | 30.43 | 24.12 | 20.95 |
| PEG Ratio | 0.80 | 1.07 | 3.40 | 5.38 | 3.21 | 3.25 |
| EV/Sales Ratio | 2.52 | 3.02 | 6.16 | 6.26 | 5.33 | 6.36 |
| EV/EBITDA Ratio | 11.77 | 14.96 | 29.49 | 29.04 | 22.22 | 26.21 |
| EV/EBIT Ratio | 12.90 | 16.63 | 33.09 | 32.71 | 25.13 | 31.01 |
| EV/FCF Ratio | 12.64 | 16.68 | 27.91 | 35.15 | 29.40 | 24.02 |
| Debt / Equity Ratio | -19.90 | 10.46 | 2.13 | 4.51 | 13.87 | 8.90 |
| Debt / EBITDA Ratio | 2.32 | 2.45 | 2.09 | 2.26 | 2.25 | 2.64 |
| Debt / FCF Ratio | 2.58 | 2.85 | 2.10 | 2.92 | 3.18 | 2.64 |
| Net Debt / Equity Ratio | -11.00 | 5.08 | 0.71 | 2.56 | 10.77 | 6.87 |
| Net Debt / EBITDA Ratio | 1.33 | 1.24 | 0.74 | 1.37 | 1.87 | 2.22 |
| Net Debt / FCF Ratio | 1.43 | 1.38 | 0.70 | 1.66 | 2.47 | 2.03 |
| Asset Turnover | 0.83 | 0.78 | 0.77 | 0.78 | 0.74 | 0.64 |
| Quick Ratio | 0.75 | 0.85 | 0.92 | 0.78 | 0.63 | 0.63 |
| Current Ratio | 0.88 | 1.00 | 1.06 | 0.91 | 0.77 | 0.78 |
| Return on Equity (ROE) | 113.58% | 86.86% | 122.92% | 194.28% | 269.78% | 108.60% |
| Return on Assets (ROA) | 10.17% | 8.86% | 8.91% | 9.34% | 9.87% | 8.23% |
| Return on Invested Capital (ROIC) | 35.98% | 41.60% | 44.40% | 34.06% | 32.64% | 25.41% |
| Return on Capital Employed (ROCE) | 35.80% | 29.40% | 25.60% | 27.90% | 31.40% | 24.00% |
| Earnings Yield | 4.78% | 4.01% | 3.36% | 2.51% | 3.04% | 2.89% |
| FCF Yield | 8.92% | 6.46% | 3.70% | 2.99% | 3.74% | 4.56% |
| Buyback Yield / Dilution | 8.83% | 3.49% | 1.68% | 1.71% | 5.93% | 4.27% |