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Gartner, Inc.

IT Technology Information Technology Services

Gartner, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.5 billion, up 3.67% from fiscal 2024.

Revenue
−1.27%
EPS
+615.6%
Free cash flow
+2.19%
Total debt
+21.0%

Quarter to September 2026, against a year earlier

197.86 9.33 −4.50%
Market cap
$12.5B
P/E
14.1×
Fwd P/E
16.8×
Dividend yield
—
F-score
6/9
Altman Z
3.85
Beneish M
−2.91
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Insights
  • Other, not broken out
  • Consulting
  • Other

Every year since 2010 →

Insider Decisions last twelve months

Bought, $m 9.95
Sold, $m 1.51
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — 1 — — — — — — — — —
Sell 2 — — — — — — — 5 — — —
Insider Ownership 3.56%

Capital & Financial Ratios $m

Size
Market Cap 12,490.00
Revenue ttm 6,444.35
Net income ttm 954.41
Free cash flow ttm 1,294.85
Net debt Q 1,347.46
Valuation
P/E 14.08
Forward P/E 16.80
Price / sales 1.96
Forward P/S Powerpack
Price / FCF 9.74
Price / book 0.00
Financial health
Current ratio Q 0.91 (below 1: weak)
Debt / equity Q (85.98) (negative: negative equity)
Interest coverage Q 11.89
Growth
Revenue growth Q −1.27% (below 0%: shrinking)
Operating income growth Q +225.57% (above 0%: growing)
EPS, this year +14.11%
EPS, next year A +10.37%
Revenue, next year A −1.23% (below 0%: weak)
EPS, past 5 yrs +26.66% (at or above 15%: strong)
EPS, next 5 yrs A +11.84%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.2×, against a ten-year median of 4.1×; over the ten years it ranged from 1.6× in 2026 to 6.8× in 2025.
P/E against its own 10 years 1.88%
10-year low 10-year high
P/S against its own 10 years 6.23%
10-year low 10-year high
EV/Sales against its own 10 years 5.90%
10-year low 10-year high
EV/FCF against its own 10 years 4.51%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,319 1,933 1,723 1,633
Receivables 1,601 1,696 1,685 1,033
Inventory — — — —
Other — — 106 —
3,428 4,197 4,066 3,205
2023 2024 2025 Q'26
Payables 1,128 1,206 1,237 939
ST’ Debt 10 — 5 —
Other — — 21 —
3,778 3,969 4,072 3,515

Compound Annual Growth %

10y 5y 3y
Sales 11.63% 9.65% 5.87%
Cash Flow 14.08% 7.39% 5.42%
Earnings 15.30% 22.28% (3.35%)
Book Value 0.00% (21.75%) 11.98%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.86 Actual 3.59

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.50 3.94 Beat by 0.44
Q1 FY26 2.99 3.32 Beat by 0.33
Q2 FY26 3.77 4.37 Beat by 0.60
Q3 FY26 2.86 3.59 Beat by 0.73
Q4 FY26 3.92 — Reports 2 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.18 4.14 3.35 — —
’25 2.71 3.11 0.47 3.36 9.65
’24 2.67 2.93 5.32 5.11 16.00
’23 3.68 2.48 2.26 2.64 11.08
’22 2.08 2.53 2.17 3.21 9.96
’21 1.84 3.13 1.76 2.50 9.21
’20 0.83 0.61 0.19 1.33 2.96
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,511 1,676 1,505 — —
’25 1,534 1,686 1,524 1,753 6,497
’24 1,473 1,595 1,484 1,715 6,267
’23 1,409 1,503 1,409 1,586 5,907
’22 1,263 1,377 1,332 1,505 5,476
’21 1,104 1,167 1,156 1,306 4,734
’20 1,019 973 995 1,113 4,099
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 391 398 294 — —
’25 314 384 299 295 1,290
’24 189 370 591 335 1,485
’23 165 436 331 224 1,156
’22 168 416 315 203 1,101
’21 157 575 345 235 1,312
’20 56 343 244 260 903
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 371 378 275 — —
’25 288 347 269 271 1,175
’24 166 341 565 311 1,383
’23 144 410 302 196 1,053
’22 150 395 283 166 993
’21 145 563 331 214 1,253
’20 31 322 229 237 819
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 0.1% a year for ten years. It grew 17.6% a year over the last ten.

Implied
0.1%
10 years, reported
17.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,445 3,311 3,975 4,245 4,099 4,734 5,476 5,907 6,267 6,497 6,444 +11.5% 6,417 6,675 6,998 +2.5%
Gross margin, % 61.32 60.13 63.05 63.48 67.19 69.50 69.07 67.78 67.72 68.39 70.18 +7.1 pt
EBT 288 (128) 181 276 326 970 1,027 1,147 1,387 968 1,217 +14.4%
EBT margin, % 11.80 (3.86) 4.56 6.50 7.96 20.49 18.76 19.42 22.14 14.90 18.88 +3.1 pt
Net income 194 3 122 233 267 794 808 882 1,254 729 954 +15.9%
Per share, $
Per share, $ Revenue 29.61 37.43 43.77 47.27 45.90 55.68 68.30 74.77 80.57 86.22 101.09 +12.6%
Earnings 2.34 0.04 1.33 2.56 2.96 9.21 9.96 11.08 16.00 9.65 14.05 +17.0%
Cash flow 4.43 2.88 5.19 6.30 10.11 15.44 13.74 14.63 19.09 17.12 21.62 +16.2%
Capex (0.60) (1.25) (1.40) (1.66) (0.94) (0.70) (1.35) (1.31) (1.31) (1.53) (1.31) +10.9%
Free cash flow 3.82 1.62 3.79 4.64 9.17 14.73 12.39 13.32 17.78 15.60 20.31 +16.9%
Book value 0.74 11.12 9.37 10.45 12.21 4.36 2.84 8.62 17.47 4.25 (0.54) +21.5%
Shares, m 83 88 91 90 89 85 80 79 78 75 69 (1.0%)
Valuation, ×
Valuation, × P/E 44.58 2,080.83 94.70 59.27 53.58 35.79 33.48 39.18 30.02 26.06 14.08 249.7
P/S 3.37 3.34 2.92 3.26 3.49 6.00 4.94 5.85 6.01 2.93 1.96 4.2
P/B 135.44 11.23 13.65 14.75 13.12 76.61 118.79 50.75 27.73 59.43 0.00 52.1
EV/Sales 3.46 4.16 3.46 3.71 3.80 6.37 5.26 6.04 6.10 3.12 2.17 4.5
EV/FCF 26.81 95.89 39.90 37.81 19.01 24.06 29.02 33.90 27.63 17.25 10.79 35.1
Cash, $m
Cash, $m Operating cash flow 366 255 471 565 903 1,312 1,101 1,156 1,485 1,290 1,378 +15.0%
Capex (50) (111) (127) (149) (84) (60) (108) (103) (102) (115) (83) +9.7%
Free cash flow 316 144 344 416 819 1,253 993 1,053 1,383 1,175 1,295 +15.7%
Balance, $m
Balance, $m Working capital (117) (234) (809) (838) (624) (759) (811) (350) 228 (6) (311) (28.4%)
Net debt 220 2,740 2,125 1,903 1,266 1,706 1,763 1,139 527 1,259 1,347 +21.4%
Shareholders’ equity 61 983 851 939 1,090 371 228 681 1,359 320 (35) +20.2%
Returns, %
Returns, % ROA 8.54 0.07 1.82 3.49 3.69 10.77 10.98 11.66 15.32 8.78 13.26 +0.2 pt
ROIC 67.86 (0.11) 5.45 8.14 13.00 27.55 34.53 42.48 38.32 40.60 62.36 (27.3) pt
ROE (541.32) 0.63 13.35 26.08 26.29 108.60 269.78 194.28 122.93 86.86 365.76 +628.2 pt
People
People Employees 8,813 15,131 15,173 16,724 15,600 16,600 19,500 20,237 21,044 20,244 — +9.7%
Revenue/emp, $m 0.28 0.22 0.26 0.25 0.26 0.29 0.28 0.29 0.30 0.32 — +1.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Gartner sells business and technology research, advice and events to executives and their teams. Its clients use the company’s insights to make decisions about issues such as technology investment, cybersecurity and business operations. Gene Hall is chairman and chief executive officer. Gartner was founded in 1979 and is headquartered in Stamford.

The core offering is a subscription that gives individual users access to research, data, benchmarks and business and technology experts. Gartner produces its research using its own methodologies, practitioner input and data. Clients can read reports, use online tools, speak with experts and connect with peers. Technology users and providers are served by Global Technology Sales; Global Business Sales serves leaders in functions such as finance, marketing, human resources and supply chain.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Insights 5,073 78.07%
Other, not broken out 645 9.92%
Consulting 552 8.50%
Other 227 3.50%
Gross margin 68.39%
Operating margin 15.79%
Pre-tax margin 14.90%

Revenue by segment since 2010

Gartner, Inc. vs peers in Information Technology Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BR Broadridge Financial Solutions, Inc. $21.4B 21.3× 19.4× +4.99% (above 0%: growing) −40.82% (below 0%: shrinking) +500.79% (above 0%: growing) 25.67% 10.40% Compare
WIT Wipro Limited $21.4B 18.2× — +1.02% (above 0%: growing) 0.00% +50.60% (above 0%: growing) 28.84% 16.42% Compare
CDW CDW Corporation $21.1B 18.6× 17.6× +17.73% (above 0%: growing) +11.55% (above 0%: growing) +24.62% (above 0%: growing) 20.51% 7.25% Compare
LDOS Leidos Holdings, Inc. $17.0B 12.0× 13.1× +3.60% (above 0%: growing) +16.05% (above 0%: growing) +67.40% (above 0%: growing) 17.71% 11.94% Compare
FIS Fidelity National Information Services, Inc. $15.4B 4.4× 5.8× +27.13% (above 0%: growing) +35.67% (above 0%: growing) +22.46% (above 0%: growing) 37.03% 19.11% Compare
CACI CACI International, Inc. $14.0B 24.7× 25.4× +8.17% (above 0%: growing) +4.06% (above 0%: growing) −2.66% (below 0%: shrinking) 35.44% 10.00% Compare
WSE WISE GROUP PLC $13.7B — — — — — — — Compare
IT Gartner, Inc. $13.1B 14.1× 16.8× −1.27% (below 0%: shrinking) +615.62% (above 0%: growing) +2.19% (above 0%: growing) 71.22% 18.68%
JKHY Jack Henry & Associates, Inc. $12.6B 25.9× 21.8× +8.81% (above 0%: growing) −10.29% (below 0%: shrinking) −9.65% (below 0%: shrinking) 46.40% 29.52% Compare
Median of peers $16.2B 18.6× 18.5× +8.17% +4.06% +24.62% 28.84% 11.94%

All 81 Information Technology Services stocks →

From the latest earnings call

Updated

  • CEO Gene Hall said contract value growth accelerated for a third consecutive quarter and demand in Gartner’s U.S. federal business continued to normalize.
  • CFO Craig Safian said Gartner raised its full-year outlook, while expecting contract value growth excluding federal clients to remain below 4% at year-end.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
BMO Oct 20, 2026 Reiterated Outperform —
Morgan Stanley Oct 18, 2026 Target raised Hold 177.00 → 182.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 118.07%
Held by the ten largest 68.91%
Holder Shares Stake Change
Vanguard 8.52m 13.48% −380.71k
BAMCO INC /NY/ 7.60m 12.04% +1.68m
Independent Franchise Partners LLP 5.58m 8.84% +982.19k
BlackRock 5.22m 8.26% −1.67m
AQR Capital Management 4.15m 6.57% +605.65k
HARRIS ASSOCIATES L P 2.85m 4.51% −288.97k
State Street 2.81m 4.45% −458.00k
Geode Capital Management 2.60m 4.12% +390.32k
Two Sigma 2.13m 3.37% +1.00m
Invesco 2.06m 3.26% +40.01k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 15 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 19.23m (7.03m) 158.00
2024 18.35m 25.99m 302.00
2023 16.30m 40.03m 282.00
2022 15.45m 16.04m 210.00
2021 14.10m 80.42m 209.00

Ownership

Directors and executive officers, together 2.60%
The Vanguard Group100 Vanguard Blvd., Malvern, PA 14.20%
BlackRock, Inc. 10.80%
Baron Capital Group, Inc. 6.40%
Capital International Investors333 South Hope Street, 6.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Gartner, Inc. (IT) Latest News

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IT metrics, ten years each

stockrow.com/IT · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com