Arthur J. Gallagher & Co.

AJG Financial Insurance Brokers

Arthur J. Gallagher & Co.’s revenue for fiscal 2025 (year ended December 2025) was $13.9 billion, up 20.7% from fiscal 2024.

Revenue
+18.1%
EPS
+49.2%
Free cash flow
+91.2%
Total debt
−3.02%

Quarter to September 2026, against a year earlier

287.68 0.70 −0.24%
Market cap
$73.9B
P/E
43.4×
Fwd P/E
38.3×
Dividend yield
0.96%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Arthur J. Gallagher & Co. (AJG) Free cash flow margin

Alert me on Free cash flow margin

Arthur J. Gallagher & Co.'s free cash flow margin over the twelve months to 30 September 2026 was 0.00%, down 12.8 percentage points from fiscal 2025 (12.8%). Over the past ten years it has ranged from 7.60% (fiscal 2016) to 24.4% (fiscal 2020); the current reading is higher than 45% of that period. That is below the Insurance Brokers industry median of 3.58% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 12.8% (8.33)
FY2024 21.1% 2.88
FY2023 18.3% 4.13
FY2022 14.1% (1.27)
FY2021 15.4% (8.99)
FY2020 24.4% 9.75
FY2019 14.6% 5.39
FY2018 9.24% (2.36)
FY2017 11.6% 4.00
FY2016 7.60% (3.29)

Against its own ten years

Low 7.60% High 24.4%
Ten-year median 14.1%
Current reading's percentile 45

Free cash flow margin against peers

Company Free cash flow margin
BRO Brown & Brown, Inc. compare 21.6%
AON Aon plc compare 18.5%
WTW Willis Towers Watson Public Limited Company compare 17.3%
RYAN Ryan Specialty Holdings Inc. compare 15.3%
MRSH Marsh compare 14.6%
ERIE Erie Indemnity Company compare 13.4%
BWIN Baldwin Insurance Group, Inc. compare 2.52%
AJG Arthur J. Gallagher & Co. 0.00%
CRVL CorVel Corp. compare 0.00%
Insurance Brokers industry median 3.58%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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