Gartner, Inc.

IT · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993
Valuation
Market cap	$18,184	$37,369	$35,163	$26,563	$27,494	$13,174	$12,673	$10,513	$10,128	$8,312	$7,459	$7,523	$6,609	$4,300	$3,339	$3,179	$1,708	$1,698	$1,819	$2,238	$1,448	$1,540	$1,031	$677	$730	$1,006	$1,636	$2,095	$2,848	$3,098	$1,401	$605	$207
Enterprise value	$20,079	$38,336	$36,915	$29,024	$29,988	$15,304	$15,485	$12,639	$12,868	$8,532	$7,905	$7,563	$6,390	$4,205	$3,396	$3,279	$1,920	$1,974	$2,103	$2,540	$1,624	$1,570	$801	$919	$1,031	$1,309	$1,797	$1,937	$2,706	$3,001	$1,345	$571	$207
P/E (TTM) at period end	24.94×	29.81×	39.85×	32.88×	34.65×	49.39×	54.32×	85.85×	3088.67×	42.94×	42.47×	40.94×	36.15×	25.92×	24.39×	33.01×	20.58×	16.35×	24.74×	38.45×	–	91.19×	43.50×	13.94×	–	39.39×	18.52×	23.72×	38.96×	188.89×	54.94×	40.34×	34.50×
P/S (TTM) at period end	2.80×	5.96×	5.95×	4.85×	5.81×	3.21×	2.99×	2.64×	3.06×	3.40×	3.45×	3.72×	3.70×	2.66×	2.27×	2.47×	1.50×	1.33×	1.56×	2.11×	1.46×	1.72×	1.20×	0.75×	0.76×	1.17×	2.23×	3.26×	5.57×	7.85×	6.11×	3.58×	1.69×
P/B at period end	56.84×	27.49×	51.66×	116.61×	74.10×	12.08×	13.50×	12.36×	10.30×	136.53×	–	46.68×	18.29×	14.02×	18.37×	16.99×	15.17×	–	103.98×	85.02×	9.88×	11.84×	2.74×	–	–	14.46×	21.95×	5.05×	10.55×	20.62×	16.38×	12.35×	16.05×
EV / EBITDA (TTM)	16.38×	28.22×	25.85×	22.46×	26.58×	21.58×	26.61×	24.53×	55.03×	23.24×	23.59×	23.23×	20.62×	15.27×	13.80×	17.71×	11.89×	10.29×	13.50×	18.26×	26.02×	22.11×	9.44×	6.53×	10.76×	10.47×	10.89×	10.87×	20.07×	30.87×	26.17×	16.50×	9.79×
EV / Sales (TTM)	3.09×	6.12×	6.25×	5.30×	6.33×	3.73×	3.65×	3.18×	3.89×	3.49×	3.65×	3.74×	3.58×	2.60×	2.31×	2.54×	1.68×	1.54×	1.80×	2.40×	1.64×	1.76×	0.93×	1.01×	1.07×	1.52×	2.45×	3.02×	5.29×	7.60×	5.87×	3.38×	1.69×
Returns
Return on equity	228.0%	92.2%	129.7%	354.6%	213.9%	24.5%	24.9%	14.4%	0.3%	318.0%	–	114.0%	50.6%	54.1%	75.3%	51.5%	73.7%	–	420.4%	221.1%	(1.7%)	13.0%	6.3%	–	–	36.7%	118.5%	21.3%	27.1%	10.9%	29.8%	30.6%	46.5%
Return on invested capital	34.9%	44.9%	39.1%	32.2%	26.2%	12.4%	8.3%	5.9%	–	72.9%	59.3%	95.3%	132.8%	81.7%	60.6%	37.3%	29.7%	43.4%	27.7%	21.3%	–	13.1%	21.7%	29.8%	0.4%	10.6%	35.9%	34.3%	54.0%	48.8%	81.0%	101.7%	65.6%
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.6%	–	–	–	–	–	1.0%
Financial health
Current ratio	1.00×	1.06×	0.91×	0.77×	0.78×	0.79×	0.71×	0.69×	0.92×	0.92×	0.86×	0.90×	0.94×	0.87×	0.77×	0.77×	0.62×	0.70×	0.64×	0.60×	0.72×	0.92×	1.12×	1.00×	0.85×	0.86×	0.91×	1.23×	1.14×	1.06×	1.03×	0.96×	0.68×
Debt / equity	9.32×	1.81×	3.61×	10.81×	6.64×	1.81×	2.33×	2.68×	3.33×	11.41×	(6.18×)	2.51×	0.57×	0.67×	1.10×	1.18×	2.92×	(19.53×)	22.52×	14.06×	1.68×	1.46×	–	(12.25×)	(9.88×)	4.91×	3.36×	–	–	–	0.08×	0.25×	0.46×
Effective tax rate	24.7%	9.6%	23.1%	21.4%	18.2%	18.2%	15.4%	32.4%	102.6%	32.9%	35.5%	33.1%	31.4%	29.6%	32.3%	28.2%	28.2%	32.9%	35.6%	32.2%	144.8%	51.0%	33.4%	34.0%	97.7%	51.4%	36.6%	41.6%	41.0%	69.1%	44.1%	45.3%	44.3%
Share count
Diluted shares outstanding	76	78	80	81	86	90	91	92	90	84	85	91	95	96	99	100	98	99	108	116	112	126	93	131	86	98	105	105	103	96	86	85	64

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993
Revenue and gross profit
Revenue	$6,464	$6,497	$6,267	$5,907	$5,476	$4,734	$4,099	$4,245	$3,975	$3,311	$2,445	$2,163	$2,021	$1,784	$1,616	$1,469	$1,288	$1,140	$1,279	$1,168	$1,060	$989	$894	$858	$907	$963	$862	$734	$642	$511	$395	$229	$169	$122
Cost of revenue	($1,963)	($2,054)	($2,023)	($1,903)	($1,694)	($1,444)	($1,345)	($1,551)	($1,469)	($1,320)	($946)	($839)	($798)	($713)	($659)	($609)	($552)	($498)	($572)	($531)	($505)	($487)	($434)	($411)	($404)	($450)	($396)	($294)	($248)	($203)	($153)	($79)	($56)	($39)
Gross profit	$4,530	$4,468	$4,278	$4,035	$3,815	$3,290	$2,754	$2,695	$2,507	$1,991	$1,499	$1,324	$1,234	$1,078	$964	$863	$742	$643	$707	$638	$555	$502	$459	$448	$503	$512	$467	$441	$394	$308	$242	$150	$113	$84
Operating expenses
Research and development	–	($1,047)	–	–	–	($35)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($3,051)	($3,068)	($2,885)	($2,702)	($2,481)	($2,156)	($2,039)	($2,103)	($1,884)	($1,599)	($1,089)	($963)	($876)	($760)	($679)	($614)	($543)	($477)	($515)	($473)	($416)	($397)	($388)	($333)	($345)	($370)	($342)	($252)	($216)	($174)	($144)	($99)	($79)	($63)
Total operating expenses	($3,415)	($3,443)	($3,121)	($2,798)	($2,715)	($2,374)	($2,264)	($2,325)	($2,247)	($1,998)	($1,194)	($1,036)	($948)	($803)	($718)	($649)	($593)	($508)	($542)	($508)	($452)	($477)	($417)	($400)	($407)	($470)	($383)	($307)	($243)	($192)	($157)	($107)	($86)	($69)
Total costs and expenses	($5,348)	($5,472)	($5,111)	($4,670)	($4,376)	($3,818)	($3,609)	($3,875)	($3,716)	($3,318)	($2,139)	($1,875)	($1,735)	($1,509)	($1,370)	($1,255)	($1,139)	($1,005)	($1,115)	($1,039)	($957)	($964)	($851)	($811)	($811)	($920)	($778)	($601)	($491)	($395)	($310)	($186)	($142)	($108)
Operating income	$1,115	$1,026	$1,156	$1,237	$1,100	$916	$490	$370	$260	($6)	$305	$288	$286	$275	$246	$214	$149	$134	$164	$129	$103	$25	$43	$47	$96	$43	$84	$133	$151	$117	$84	$43	$27	$15
Earnings
EBITDA	$1,305	$1,226	$1,359	$1,428	$1,292	$1,128	$709	$582	$515	$234	$367	$335	$326	$310	$275	$246	$185	$162	$192	$156	$139	$62	$71	$85	$141	$96	$125	$165	$178	$135	$97	$51	$35	$21
Interest income	–	$65	$62	$39	$5	$2	$2	$3	$3	$3	$2	$2	$1	$2	$1	$1	$1	$1	$3	$3	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($143)	($125)	($131)	($133)	($126)	($119)	($116)	($103)	($127)	($128)	($28)	($23)	($12)	($10)	($10)	($11)	($17)	($17)	($22)	($19)	($17)	($20)	($8)	($12)	($23)	($52)	($11)	($22)	–	–	($31)	–	–	($3)
Pre-tax income	$1,030	$968	$1,387	$1,147	$1,027	$970	$326	$276	$181	($128)	$288	$272	$275	$266	$236	$202	$134	$116	$145	$114	$86	$5	$34	$36	$74	($9)	$56	$139	$151	$124	$53	$46	$27	$12
Income tax expense	($255)	($239)	($134)	($265)	($219)	($176)	($59)	($42)	($59)	$131	($95)	($97)	($91)	($84)	($70)	($65)	($38)	($33)	($48)	($41)	($28)	($8)	($18)	($12)	($25)	$9	($29)	($51)	($63)	($51)	($37)	($20)	($12)	($5)
Net income	$775	$729	$1,254	$882	$808	$794	$267	$233	$122	$3	$194	$176	$184	$183	$166	$137	$96	$83	$104	$74	$58	($2)	$17	$24	$49	($66)	$26	$88	$88	$73	$16	$26	$15	$6
Per share
Diluted EPS (GAAP)	$11.15	$9.65	$16.00	$11.08	$9.96	$9.21	$2.96	$2.56	$1.33	$0.04	$2.31	$2.06	$2.03	$1.93	$1.73	$1.39	$0.96	$0.85	$1.05	$0.68	$0.50	($0.0217)	$0.13	$0.25	$0.46	($0.77)	$0.30	$0.84	$0.84	$0.71	$0.17	$0.13	$0.0625	$0.0125
Basic EPS (GAAP)	$11.16	$9.68	$16.12	$11.17	$10.08	$9.33	$2.99	$2.60	$1.35	$0.04	$2.34	$2.09	$2.06	$1.97	$1.78	$1.43	$1.01	$0.88	$1.09	$0.71	$0.51	($0.0217)	$0.14	$0.26	$0.58	($0.77)	$0.30	$0.86	$0.88	$0.77	$0.18	$0.14	$0.0725	$0.015
Basic shares outstanding	71	75	78	79	80	85	89	90	91	88	83	84	89	93	93	96	96	95	95	104	113	112	124	91	84	86	87	102	100	95	91	86	85	64
Margins
Gross margin	70.1%	68.8%	68.3%	68.3%	69.7%	69.5%	67.2%	63.5%	63.1%	60.1%	61.3%	61.2%	61.1%	60.4%	59.6%	58.8%	57.6%	56.4%	55.3%	54.6%	52.3%	50.8%	51.4%	52.2%	55.5%	53.2%	54.1%	60.0%	61.4%	60.3%	61.2%	65.4%	67.1%	68.5%
Operating margin	17.3%	15.8%	18.4%	20.9%	20.1%	19.3%	12.0%	8.7%	6.5%	(0.2%)	12.5%	13.3%	14.2%	15.4%	15.2%	14.6%	11.6%	11.8%	12.9%	11.1%	9.7%	2.6%	4.8%	5.5%	10.6%	4.4%	9.8%	18.2%	23.5%	22.8%	21.4%	18.9%	16.2%	11.9%
Net margin	12.0%	11.2%	20.0%	14.9%	14.8%	16.8%	6.5%	5.5%	3.1%	0.1%	7.9%	8.1%	9.1%	10.2%	10.3%	9.3%	7.5%	7.3%	8.1%	6.3%	5.5%	(0.2%)	1.9%	2.8%	5.4%	(6.9%)	3.0%	12.0%	13.8%	14.3%	4.2%	11.1%	8.9%	4.9%

Analyst consensus

Hold18 analysts

Bearish · 3 · Hold · 10 · Bullish · 5

Earnings history

	EPS	Estimate
Q3 2024	$2.50	$2.37	Beat
Q4 2024	$5.45	$3.26	Beat
Q1 2025	$2.98	$2.72	Beat
Q2 2025	$3.53	$3.30	Beat
Q3 2025	$2.76	$2.43	Beat
Q4 2025	$3.94	$3.50	Beat
Q1 2026	$3.32	$2.99	Beat
Q2 2026	$4.37	$3.76	Beat

Peers

Company overview

IPO dateOct 5, 1993

CEOEugene A. Hall

Employees19,285

SectorTechnology

IndustryInformation Technology Services

CountryUS

ExchangeNew York Stock Exchange

Websitewww.gartner.com

Gartner, Inc. functions as a premier research and advisory enterprise, extending its reach across the United States, Canada, Europe, the Middle East, Africa, and various international markets. Its operations are structured into three main divisions: Research, Conferences, and Consulting. The Research division primarily offers a subscription service, enabling on-demand access to extensive published studies, data, industry benchmarks, and direct consultations with its expert network. The Conferences segment provides a platform for business professionals to acquire new knowledge, share insights, and foster connections. Lastly, the Consulting segment furnishes clients with market research, bespoke analyses, and direct, on-site support services. This segment specifically addresses critical IT challenges, offering practical strategies for areas such as optimizing IT expenditures, managing digital transformation, and enhancing IT sourcing processes. Founded in 1979, Gartner, Inc. has its corporate base in Stamford, Connecticut.

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