Gartner Inc. (IT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$3.73	$4.37	+17.2%	—	—	—
Q2 26	$2.92	$3.32	+13.7%	—	—	—
Q1 26	$3.51	$3.94	+12.3%	—	—	—
Q4 25	$3.31	$3.53	+6.6%	—	—	—
Q3 25	$2.72	$2.98	+9.6%	—	—	—
Q2 25	$3.26	$5.45	+67.2%	—	—	—
Q1 25	$2.37	$2.5	+5.5%	—	—	—
Q4 24	$3.03	$3.22	+6.3%	—	—	—
Q3 24	$2.54	$2.93	+15.4%	—	—	—
Q2 24	$2.83	$3.04	+7.4%	—	—	—
Q1 24	$1.96	$2.56	+30.6%	—	—	—
Q4 23	$2.5	$2.85	+14.0%	—	—	—
Q3 23	$2.06	$2.88	+39.8%	—	—	—
Q2 23	$2.58	$3.7	+43.4%	—	—	—
Q1 23	$1.87	$2.41	+28.9%	—	—	—
Q4 22	$2.14	$2.85	+33.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$9.68	—	—	$6.5B	—
FY24	—	$16.1	—	—	$6.3B	—
FY23	—	$11.2	—	—	$5.9B	—
FY22	—	$10.1	—	—	$5.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.4B	$3.3B	$4B	$4.2B	$4.1B	$4.7B	$5.5B	$5.9B	$6.3B	$6.5B
YoY change	+13%	+35.5%	+20.1%	+6.79%	-3.44%	+15.5%	+15.7%	+7.87%	+6.1%	+3.67%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.4B	3.3B	4B	4.2B	4.1B	4.7B	5.5B	5.9B	6.3B	6.5B
Cost of revenue	945.6M	1.3B	1.5B	1.6B	1.3B	1.4B	1.7B	1.9B	2B	2.1B
Gross profit	1.5B	2B	2.5B	2.7B	2.8B	3.3B	3.8B	4B	4.2B	4.4B
Gross margin	61.3%	60.1%	63.1%	63.5%	67.2%	69.5%	69.1%	67.8%	67.7%	68.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.1B	1.6B	1.9B	2.1B	2B	2.2B	2.5B	2.7B	2.9B	3.1B
Operating expenses	1.1B	1.6B	1.9B	2.1B	2B	2.2B	2.5B	2.7B	2.9B	3.1B
Operating income	347.7M	152.1M	366.9M	379.6M	496.4M	921.8M	1.1B	1.1B	1.2B	1.2B
Operating margin	14.2%	4.59%	9.23%	8.94%	12.1%	19.5%	20.3%	18.8%	18.5%	18.1%
Non-operating income, net	-34.2M	-155M	-61.6M	-4M	-56.8M	164.7M	39.3M	130.3M	299.6M	-147M
Pretax income	288.4M	-127.8M	181.1M	275.7M	326.1M	969.9M	1B	1.1B	1.4B	968.1M
Income tax	94.8M	-131.1M	58.7M	42.4M	59.4M	176.3M	219.4M	264.7M	133.7M	238.9M
Net income	193.6M	3.3M	122.5M	233.3M	266.7M	793.6M	807.8M	882.5M	1.3B	729.2M
Net margin	7.92%	0.1%	3.08%	5.5%	6.51%	16.8%	14.8%	14.9%	20%	11.2%
EBITDA	420.6M	398.8M	625.2M	601.9M	711.8M	1.2B	1.4B	1.3B	1.4B	1.4B
EPS	2.34	0.04	1.35	2.6	2.99	9.33	10.1	11.2	16.1	9.68
Diluted EPS	2.31	0.04	1.33	2.56	2.96	9.21	9.96	11.1	16	9.65

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.4B	1.6B	1.5B	1.6B	1.5B	1.7B	1.5B	1.7B	1.5B	1.8B	1.5B	1.7B
Cost of revenue	450.8M	529.8M	459.4M	513.3M	475.3M	574.9M	475M	531.7M	474.2M	572.6M	429.3M	486.9M
Gross profit	957.9M	1.1B	1B	1.1B	1B	1.1B	1.1B	1.2B	1B	1.2B	1.1B	1.2B
Gross margin	68%	66.6%	68.8%	67.8%	68%	66.5%	69%	68.5%	68.9%	67.3%	71.6%	70.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	660.5M	703.8M	689.8M	712.1M	711.7M	771.2M	730.3M	776.9M	762.6M	797.9M	726.3M	764.6M
Operating expenses	660.5M	703.8M	689.8M	712.1M	711.7M	771.2M	730.3M	776.9M	762.6M	797.9M	726.3M	764.6M
Operating income	248.9M	303.2M	274.3M	319.1M	246M	317.8M	278M	327.1M	236.3M	334.2M	310M	379.3M
Operating margin	17.7%	19.1%	18.6%	20%	16.6%	18.5%	18.1%	19.4%	15.5%	19.1%	20.5%	22.6%
Non-operating income, net	-2.6M	-5.5M	4.4M	146K	298.9M	-3.8M	2.4M	2.5M	-150.6M	-1.3M	3.5M	-2.4M
Pretax income	224.5M	277.3M	259.6M	299.3M	526.9M	301.6M	267M	317.8M	69.5M	313.8M	292.4M	354.6M
Income tax	44.5M	68.6M	49M	69.7M	111.8M	-96.9M	56.1M	77M	34.1M	71.7M	70.1M	79.1M
Net income	180M	208.6M	210.5M	229.5M	415M	398.6M	210.9M	240.8M	35.4M	242.2M	222.3M	275.5M
Net margin	12.8%	13.2%	14.3%	14.4%	28%	23.2%	13.7%	14.3%	2.32%	13.8%	14.7%	16.4%
EBITDA	299.3M	387.4M	328.5M	370.2M	296.2M	426.7M	331.2M	380.3M	286.7M	445.5M	352.8M	422.8M
EPS	2.28	2.66	2.69	2.95	5.36	5.14	2.73	3.12	0.47	3.36	3.19	4.14
Diluted EPS	2.26	2.64	2.67	2.93	5.32	5.11	2.71	3.11	0.47	3.36	3.18	4.14

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	8.3B	10.9B	11.6B	13.8B	14.3B	28.4B	27B	35.6B	37.7B	19B	11.7B
Enterprise value	8.6B	13.8B	13.9B	16.7B	16.4B	30.9B	29.4B	37.4B	38.7B	20.6B	13.7B
Shares outstanding	82.6M	88.5M	90.8M	89.8M	89.3M	85M	80.2M	79M	77.8M	75.4M	75.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	43.1	3.3K	94.8	59.3	53.6	35.8	33.4	40.4	30.1	26.1	16.7
P/S	3.41	3.29	2.92	3.26	3.49	6	4.92	6.03	6.01	2.93	1.81
P/B	137.1	11.1	13.6	14.7	13.1	76.6	118.3	52.4	27.7	59.4	-73.8
EV/EBITDA	20.5	34.5	22.2	27.7	23.1	26.8	21.7	27.9	27.2	14.3	9.9
EV/Sales	3.52	4.15	3.5	3.92	4.01	6.53	5.37	6.33	6.17	3.18	2.12
Earnings yield	2.32%	0.03%	1.05%	1.69%	1.86%	2.79%	3%	2.48%	3.33%	3.84%	5.99%
FCF yield	3.78%	1.32%	2.97%	3.01%	5.73%	4.41%	3.69%	2.95%	3.67%	6.18%	8.97%
PEG	—	—	—	—	—	—	—	—	—	—	0.51

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	61.3%	60.1%	63.1%	63.5%	67.2%	69.5%	69.1%	67.8%	67.7%	68.4%	70.9%
Operating margin	14.2%	4.59%	9.23%	8.94%	12.1%	19.5%	20.3%	18.8%	18.5%	18.1%	22.6%
Net margin	7.92%	0.1%	3.08%	5.5%	6.51%	16.8%	14.8%	14.9%	20%	11.2%	12%
ROE	318%	0.33%	14.4%	24.9%	24.5%	213.9%	354.6%	129.7%	92.2%	228%	113.6%
ROA	8.18%	0.05%	1.97%	3.26%	3.65%	10.7%	11.1%	11.3%	14.7%	9.02%	10.2%
ROIC	73.1%	3.96%	7.9%	8.56%	12.6%	26.3%	32.4%	35.1%	45%	45.5%	60.1%
Return on tangible assets	26.3%	-0.26%	-7.08%	-40.6%	-141%	935.2%	299.3%	92.2%	67.6%	37.8%	68.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.92	0.92	0.69	0.71	0.79	0.78	0.77	0.91	1.06	1	0.88
Quick ratio	0.92	0.92	0.69	0.71	0.79	0.78	0.77	0.91	1.06	1	0.88
Debt / equity	12	3.45	2.88	3.29	2.61	8.76	13.9	4.51	2.13	10.5	-0.2
Debt / assets	0.31	0.47	0.39	0.43	0.39	0.44	0.43	0.39	0.34	0.41	0.45
Net debt / EBITDA	0.61	7.16	3.66	4.67	2.99	2.16	1.82	1.3	0.68	1.13	1.16
Interest coverage	11.5	0	2.43	3.68	3.82	9.18	9.14	9.64	11.6	8.73	8.19
Effective tax rate	32.9%	0%	32.4%	15.4%	18.2%	18.2%	21.4%	23.1%	9.63%	24.7%	24.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	29.6	37.4	43.8	47.3	45.9	55.7	68.3	74.8	80.6	86.2	91.3
EPS (basic)	2.34	0.04	1.35	2.6	2.99	9.33	10.1	11.2	16.1	9.68	9.68
EPS (diluted)	2.31	0.04	1.33	2.56	2.96	9.21	9.96	11.1	16	9.65	11.1
Book value per share	0.74	11.1	9.37	10.5	12.2	4.36	2.84	8.62	17.5	4.25	-2.6
FCF per share	3.82	1.62	3.79	4.64	9.17	14.7	12.4	13.3	17.8	15.6	19.4
Cash per share	5.74	6.09	1.72	3.13	7.98	8.9	8.71	16.7	24.9	22.9	23.6
Capex per share	0.6	1.25	1.4	1.66	0.94	0.7	1.35	1.31	1.31	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.04%	3.34%	3.19%	3.51%	2.05%	1.26%	1.97%	1.75%	1.62%	—	—
Capex / operating cash flow	12.8%	45.9%	22.4%	31.9%	11.5%	4.89%	10.5%	8.31%	7.21%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

—

Last dividend

$1.1945

ex-dividend Jul 19, 1999

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 19, 1999	$1.1945

Split history

Date	Ratio
Apr 1, 1996	2:1
Jun 29, 1995	2:1
Aug 29, 1994	2:1

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.4B	$1.6B	$1.5B	$1.6B	$1.5B	$1.7B	$1.5B	$1.7B	$1.5B	$1.8B	$1.5B	$1.7B
YoY change	+5.78%	+5.41%	+4.55%	+6.11%	+5.36%	+8.13%	+4.16%	+5.73%	+2.68%	+2.18%	-1.51%	-0.62%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	474.2M	538.9M	156.4M	280.8M	712.6M	756.5M	698M	1.3B	1.9B	1.7B
Receivables	643M	1.2B	1.3B	1.3B	1.2B	1.4B	1.6B	1.6B	1.7B	1.7B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	1.3B	2.6B	1.8B	2B	2.3B	2.6B	2.8B	3.4B	4.2B	4.1B
Property, plant & equipment	121.6M	221.5M	267.7M	1B	984M	821.8M	701.2M	629.5M	500.4M	428.2M
Goodwill & intangibles	1.6B	8.6B	7.9B	7.7B	7.5B	7.3B	7B	6.9B	6.7B	6.2B
Total assets	2.4B	7.3B	6.2B	7.2B	7.3B	7.4B	7.3B	7.8B	8.5B	8.1B
Accounts payable	41M	49M	37.5M	33M	38.6M	49.3M	83.2M	63.1M	55.8M	49.8M
Short-term debt	30M	379.7M	165.6M	216.2M	104.5M	95.7M	107.5M	108.1M	100.3M	101.1M
Total current liabilities	1.5B	2.8B	2.6B	2.9B	2.9B	3.4B	3.6B	3.8B	4B	4.1B
Long-term debt	702.4M	3B	2.3B	2.9B	2.7B	3.2B	3.1B	3B	2.8B	3.2B
Total liabilities	2.3B	6.3B	5.4B	6.2B	6.2B	7B	7.1B	7.2B	7.2B	7.8B
Shareholders' equity	60.9M	983.5M	850.8M	938.6M	1.1B	371.1M	227.8M	680.6M	1.4B	319.9M
Total debt	732.4M	3.4B	2.4B	3.1B	2.8B	3.3B	3.2B	3.1B	2.9B	3.3B
Net debt	258.2M	2.9B	2.3B	2.8B	2.1B	2.5B	2.5B	1.8B	966.9M	1.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.2B	1.3B	1.2B	1.2B	1.8B	1.9B	2.1B	2.2B	1.4B	1.7B	1.7B	1.5B
Receivables	1.1B	1.6B	1.6B	1.4B	1.3B	1.7B	1.5B	1.3B	1.1B	1.7B	1.4B	1.2B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.8B	3.4B	3.3B	3.1B	3.6B	4.2B	4.1B	4B	3.1B	4.1B	3.6B	3.2B
Property, plant & equipment	639M	629.5M	608.9M	598.3M	580.3M	500.4M	495.7M	492.5M	476.6M	428.2M	427.2M	407.6M
Goodwill & intangibles	6.9B	6.9B	6.8B	6.8B	6.8B	6.7B	6.6B	6.6B	6.3B	6.2B	6.1B	6.1B
Total assets	7.2B	7.8B	7.7B	7.4B	7.8B	8.5B	8.5B	8.3B	7.2B	8.1B	7.7B	7.2B
Accounts payable	—	63.1M	—	—	—	55.8M	—	—	—	49.8M	—	—
Short-term debt	9.6M	108.1M	—	—	—	100.3M	—	361K	732K	101.1M	5M	—
Total current liabilities	3.3B	3.8B	3.6B	3.5B	3.5B	4B	3.8B	3.6B	3.5B	4.1B	3.9B	3.7B
Long-term debt	3B	3B	2.9B	2.9B	2.9B	2.8B	2.8B	2.8B	2.8B	3.2B	3.3B	3.2B
Total liabilities	6.7B	7.2B	7B	6.8B	6.8B	7.2B	7B	6.8B	6.7B	7.8B	7.6B	7.4B
Shareholders' equity	566.6M	680.6M	718.2M	646.7M	1.1B	1.4B	1.5B	1.5B	556.6M	319.9M	63.4M	-167.3M
Total debt	3B	3.1B	2.9B	2.9B	2.9B	2.9B	2.8B	2.8B	2.8B	3.3B	3.3B	3.2B
Net debt	1.7B	1.8B	1.7B	1.7B	1.1B	966.9M	694.5M	575.6M	1.3B	1.6B	1.6B	1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	193.6M	3.3M	122.5M	233.3M	266.7M	793.6M	807.8M	882.5M	1.3B	729.2M
Depreciation & amortization	62M	240.2M	255.6M	211.8M	219M	212.4M	191.9M	191.1M	202.3M	200.3M
Stock-based compensation	46.7M	78.9M	66.2M	69M	62.5M	98.6M	90.6M	129.8M	154.8M	155.9M
Change in working capital	87.1M	121.2M	107.6M	2.2M	227.1M	156.8M	-31.5M	97M	-41.6M	-9.6M
Operating cash flow	389.7M	241.3M	567.2M	467M	730.6M	1.2B	1B	1.2B	1.4B	1.3B
Capital expenditure	-49.9M	-110.8M	-126.9M	-149M	-83.9M	-59.8M	-108M	-103.1M	-101.7M	—
Investing cash flow	-98.1M	-2.8B	384.1M	-160.9M	-83.9M	-80.5M	-117.6M	54.2M	-103.7M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-59M	-41.3M	-260.8M	-199M	-176.3M	-1.7B	-1B	-606.2M	-735.4M	-2B
Financing cash flow	-183.9M	2.5B	-1B	5.4M	-102.3M	-1.2B	-1B	-614M	-738.3M	-1.5B
Net change in cash	107.7M	16.8M	-72.6M	311.5M	544.4M	-32.3M	-134.5M	681.1M	569.6M	-181.8M
Free cash flow	315.8M	143.8M	344.3M	416.4M	819.4M	1.3B	993.4M	1.1B	1.4B	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	180M	208.6M	210.5M	229.5M	415M	398.6M	210.9M	240.8M	35.4M	242.2M	222.3M	275.5M
Depreciation & amortization	48.5M	49.3M	49.3M	50.5M	51.3M	51.2M	50.8M	50.7M	51M	47.9M	45.4M	45.2M
Stock-based compensation	27M	25.5M	50.5M	39.7M	34.3M	30.2M	50.2M	43M	30.5M	32.2M	45.9M	41M
Change in working capital	60.8M	-318.4M	193.9M	21.5M	27.5M	-284.5M	368.2M	18.9M	913K	-397.6M	497.9M	-36.4M
Operating cash flow	284.2M	-48.3M	487.9M	363.3M	520.3M	40.2M	651.4M	383.6M	298.7M	294.5M	391M	398.3M
Capital expenditure	-28.5M	-28M	-22.7M	-29.4M	-25.8M	-23.9M	-25.6M	—	—	—	—	—
Investing cash flow	-32.3M	-23M	-24.7M	-29.4M	-25.8M	-23.9M	-25.6M	0	0	0	104.8M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-209.4M	-158.4M	-225.1M	-339.6M	-68.7M	-102M	-162.7M	-274.5M	-1.1B	-498.5M	-534.6M	-547.1M
Financing cash flow	-211.2M	-160.8M	-227.7M	-340M	-68.7M	-102M	-162.7M	-274.5M	-1.1B	27M	-536.1M	-547.1M
Net change in cash	40.7M	-232.1M	235.6M	-6.1M	425.9M	-85.7M	463.1M	109.1M	-756.8M	321.5M	-40.3M	-148.8M
Free cash flow	302.5M	196.4M	166.2M	340.6M	565M	311.4M	287.9M	347.3M	269.3M	270.7M	370.6M	378.4M

Gartner Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement