Gartner (IT) Financials

$447.70 -1.82 (-0.40%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for Gartner

This table shows Gartner's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,254	882	808	794	267	233	122	3.28	194	176
Consolidated Net Income / (Loss)	1,254	882	808	794	267	233	122	3.28	194	176
Net Income / (Loss) Continuing Operations	1,254	882	808	794	267	233	122	3.28	194	176
Total Pre-Tax Income	1,387	1,147	1,027	970	326	276	181	-128	288	272
Total Operating Income	1,156	1,237	1,100	916	490	370	260	-6.33	305	288
Total Gross Profit	4,244	4,004	3,782	3,290	2,754	2,695	2,507	1,991	1,499	1,324
Total Revenue	6,267	5,907	5,476	4,734	4,099	4,245	3,975	3,311	2,445	2,163
Operating Revenue	6,267	5,907	5,476	4,734	4,099	4,245	3,975	3,311	2,445	2,163
Total Cost of Revenue	2,023	1,903	1,694	1,444	1,345	1,551	1,469	1,320	946	839
Operating Cost of Revenue	2,023	1,903	1,694	1,444	1,345	1,551	1,469	1,320	946	839
Total Operating Expenses	3,088	2,767	2,682	2,374	2,264	2,325	2,247	1,998	1,194	1,036
Selling, General & Admin Expense	2,885	2,702	2,481	2,156	2,039	2,103	1,884	1,599	1,089	963
Depreciation Expense	112	99	93	103	94	82	69	64	37	34
Amortization Expense	90	92	99	110	125	130	187	176	25	13
Other Operating Expenses / (Income)	0.00	-135	0.00	0.00	-	-	-	-	-	-
Restructuring Charge	0.97	9.59	9.08	6.06	6.28	9.46	107	158	43	26
Total Other Income / (Expense), net	231	-90	-73	54	-164	-94	-79	-121	-17	-16
Interest Expense	131	133	126	119	160	103	127	128	28	23
Interest & Investment Income	62	39	4.88	1.89	2.09	3.03	2.57	3.01	2.45	1.77
Other Income / (Expense), net	301	4.48	48	171	-5.65	5.46	46	3.45	8.41	5.00
Income Tax Expense	134	265	219	176	59	42	59	-131	95	97
Basic Earnings per Share	$16.12	$11.17	$10.08	$9.33	$2.99	$2.60	$1.35	$0.04	$2.34	$2.09
Weighted Average Basic Shares Outstanding	77.79M	79.00M	80.18M	85.03M	89.32M	89.82M	90.83M	88.47M	82.57M	83.85M
Diluted Earnings per Share	$16.00	$11.08	$9.96	$9.21	$2.96	$2.56	$1.33	$0.04	$2.31	$2.06
Weighted Average Diluted Shares Outstanding	78.34M	79.68M	81.07M	86.18M	90.02M	90.97M	92.12M	89.79M	83.82M	85.06M
Weighted Average Basic & Diluted Shares Outstanding	76.82M	77.97M	79.06M	82.29M	88.72M	89.10M	90.70M	82M	82.70M	84M

This table shows Gartner's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	211	399	415	230	211	209	180	198	296	257	174
Consolidated Net Income / (Loss)	211	399	415	230	211	209	180	198	296	257	174
Net Income / (Loss) Continuing Operations	211	399	415	230	211	209	180	198	296	257	174
Total Pre-Tax Income	267	302	527	299	260	277	224	264	381	304	232
Total Operating Income	278	318	246	319	274	301	244	283	408	332	253
Total Gross Profit	1,059	1,140	1,009	1,082	1,013	1,056	958	1,016	974	1,029	915
Total Revenue	1,534	1,715	1,484	1,595	1,473	1,586	1,409	1,503	1,409	1,505	1,332
Operating Revenue	1,534	1,715	1,484	1,595	1,473	1,586	1,409	1,503	1,409	1,505	1,332
Total Cost of Revenue	475	575	475	513	459	530	451	487	435	475	417
Operating Cost of Revenue	475	575	475	513	459	530	451	487	435	475	417
Total Operating Expenses	781	822	763	763	740	755	714	733	566	697	662
Selling, General & Admin Expense	730	771	712	712	690	704	661	680	657	645	613
Depreciation Expense	29	29	29	28	26	26	25	24	24	24	23
Amortization Expense	22	22	22	23	23	23	24	23	23	24	24
Restructuring Charge	0.00	-0.00	0.16	0.36	0.46	1.78	4.46	1.97	1.37	3.25	1.33
Total Other Income / (Expense), net	-11	-16	281	-19	-14	-24	-20	-19	-27	-28	-21
Interest Expense	13	74	18	20	19	59	22	25	27	35	30
Other Income / (Expense), net	2.39	-3.83	299	0.50	4.89	-3.68	1.88	5.58	0.71	1.73	8.93
Income Tax Expense	56	-97	112	70	49	69	44	66	85	47	59
Basic Earnings per Share	$2.73	$5.12	$5.36	$2.95	$2.69	$2.67	$2.28	$2.50	$3.72	$3.24	$2.19
Weighted Average Basic Shares Outstanding	77.36M	77.79M	77.48M	77.82M	78.34M	79.00M	78.92M	79.29M	79.45M	80.18M	79.26M
Diluted Earnings per Share	$2.71	$5.08	$5.32	$2.93	$2.67	$2.66	$2.26	$2.48	$3.68	$3.18	$2.17
Weighted Average Diluted Shares Outstanding	77.79M	78.34M	77.97M	78.29M	78.96M	79.68M	79.52M	79.82M	80.28M	81.07M	80.06M
Weighted Average Basic & Diluted Shares Outstanding	76.97M	76.82M	77.13M	77.06M	77.63M	77.97M	77.95M	78.83M	79.04M	79.06M	79.02M

This table details how cash moves in and out of Gartner's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	671	621	-44	74	403	119	-402	42	93	36
Net Cash From Operating Activities	1,485	1,156	1,101	1,312	903	565	471	255	366	346
Net Cash From Continuing Operating Activities	1,485	1,156	1,101	1,312	903	565	471	255	366	346
Net Income / (Loss) Continuing Operations	1,254	882	808	794	267	233	122	3.28	194	176
Consolidated Net Income / (Loss)	1,254	882	808	794	267	233	122	3.28	194	176
Depreciation Expense	202	191	192	212	219	212	256	240	62	47
Amortization Expense	4.59	4.69	4.57	4.16	19	6.50	14	15	3.08	1.51
Non-Cash Adjustments To Reconcile Net Income	228	81	162	203	187	158	21	79	44	32
Changes in Operating Assets and Liabilities, net	-203	-3.60	-65	99	212	-44	59	-83	63	89
Net Cash From Investing Activities	-104	54	-118	-80	-84	-161	384	-2,753	-98	-242
Net Cash From Continuing Investing Activities	-104	54	-118	-80	-84	-161	384	-2,753	-98	-242
Purchase of Property, Plant & Equipment	-102	-103	-108	-60	-84	-149	-127	-111	-50	-46
Acquisitions	-2.00	-3.80	-9.51	-23	0.00	-26	-16	-2,642	-48	-196
Divestitures	0.00	161	0.00	0.00	-	14	527	0.00	0.00	-
Net Cash From Financing Activities	-710	-589	-1,027	-1,158	-416	-286	-1,257	2,540	-175	-68
Net Cash From Continuing Financing Activities	-710	-589	-1,027	-1,158	-416	-286	-1,257	2,540	-175	-68
Repayment of Debt	-277	-7.80	-5.93	-120	-2,590	-419	-1,259	-456	-840	-20
Repurchase of Common Equity	-735	-606	-1,044	-1,656	-176	-199	-261	-41	-59	-509
Issuance of Debt	274	0.00	0.00	600	2,332	314	248	3,025	715	440
Issuance of Common Equity	28	25	22	18	18	18	15	12	9.25	7.50
Cash Interest Paid	100	119	113	102	112	102	118	99	23	21
Cash Income Taxes Paid	313	307	175	253	34	119	96	76	86	84

This table details how cash moves in and out of Gartner's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	135	217	503	7.05	-56	47	93	280	201	146	186
Net Cash From Operating Activities	314	335	591	370	189	224	331	436	165	203	315
Net Cash From Continuing Operating Activities	314	335	591	370	189	224	331	436	165	203	315
Net Income / (Loss) Continuing Operations	211	399	415	230	211	209	180	198	296	257	174
Consolidated Net Income / (Loss)	211	399	415	230	211	209	180	198	296	257	174
Depreciation Expense	51	51	51	51	49	49	49	47	47	49	47
Amortization Expense	1.03	1.03	1.02	1.01	1.54	1.18	1.18	1.17	1.16	1.15	1.15
Non-Cash Adjustments To Reconcile Net Income	68	54	56	55	63	48	42	57	-67	46	29
Changes in Operating Assets and Liabilities, net	-17	-169	68	34	-135	-83	59	133	-112	-150	64
Net Cash From Investing Activities	-26	-24	-26	-29	-25	-23	-32	-28	138	-43	-36
Net Cash From Continuing Investing Activities	-26	-24	-26	-29	-25	-23	-32	-28	138	-43	-36
Purchase of Property, Plant & Equipment	-26	-24	-26	-29	-23	-28	-28	-26	-21	-38	-32
Acquisitions	0.00	-	-	-	-2.00	-	-3.80	-	0.00	-5.40	-
Net Cash From Financing Activities	-153	-95	-62	-334	-220	-155	-205	-127	-101	-14	-93
Net Cash From Continuing Financing Activities	-153	-95	-62	-334	-220	-155	-205	-127	-101	-14	-93
Repayment of Debt	0.00	-	-	-0.37	-277	-2.40	-1.80	-1.80	-1.80	-1.94	-1.33
Repurchase of Common Equity	-163	-102	-69	-340	-225	-158	-209	-132	-107	-17	-97
Issuance of Debt	0.00	-	-	-	274	-	-	-	0.00	-	-
Issuance of Common Equity	9.74	7.40	6.33	6.41	8.05	5.99	5.88	5.88	7.36	5.25	4.99

This table presents Gartner's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	8,535	7,836	7,300	7,416	7,316	7,151	6,201	7,283	2,367	2,169
Total Current Assets	4,197	3,428	2,786	2,620	2,323	2,019	1,812	2,589	1,343	1,141
Cash & Equivalents	1,933	1,319	698	756	713	281	156	539	474	373
Accounts Receivable	1,696	1,601	1,557	1,365	1,242	1,326	1,255	1,177	643	581
Prepaid Expenses	153	127	119	118	109	146	165	125	85	62
Other Current Assets	414	380	363	381	260	266	235	205	141	125
Plant, Property, & Equipment, net	243	263	265	274	337	345	268	222	122	109
Total Noncurrent Assets	4,095	4,145	4,249	4,523	4,656	4,788	4,122	4,473	903	919
Goodwill	2,930	2,937	2,930	2,951	2,946	2,938	2,923	2,987	738	715
Intangible Assets	410	502	585	714	807	925	1,043	1,292	77	97
Other Noncurrent Operating Assets	755	706	734	857	904	925	156	194	87	107
Total Liabilities & Shareholders' Equity	8,535	7,836	7,300	7,416	7,316	7,151	6,201	7,283	2,367	2,169
Total Liabilities	7,176	7,155	7,072	7,045	6,226	6,213	5,351	6,300	2,306	2,301
Total Current Liabilities	3,969	3,778	3,598	3,379	2,947	2,857	2,621	2,823	1,460	1,323
Short-Term Debt	0.00	9.60	7.80	5.93	21	140	166	380	30	35
Accounts Payable	1,206	1,128	1,115	1,135	952	789	710	667	441	388
Current Deferred Revenue	2,763	2,641	2,444	2,238	1,975	1,928	1,745	1,630	989	901
Total Noncurrent Liabilities	3,206	3,378	3,474	3,666	3,278	3,356	2,730	3,477	846	977
Long-Term Debt	2,460	2,449	2,454	2,457	1,958	2,044	2,116	2,899	664	784
Other Noncurrent Operating Liabilities	747	929	1,021	1,210	1,320	1,312	614	578	182	194
Total Equity & Noncontrolling Interests	1,359	681	228	371	1,090	939	851	983	61	-132
Total Preferred & Common Equity	1,359	681	228	371	1,090	939	851	983	61	-132
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	-
Total Common Equity	1,359	681	228	371	1,090	939	851	983	61	-132
Common Stock	2,497	2,320	2,180	2,075	1,969	1,899	1,824	1,761	863	819
Retained Earnings	5,993	4,739	3,857	3,049	2,255	1,989	1,755	1,647	1,644	1,451
Treasury Stock	-7,043	-6,303	-5,707	-4,672	-3,035	-2,872	-2,689	-2,427	-2,397	-2,357
Accumulated Other Comprehensive Income / (Loss)	-88	-76	-102	-81	-99	-78	-40	1.51	-50	-44

This table presents Gartner's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	8,480	8,535	7,845	7,431	7,710	7,836	7,244	7,356	7,379	7,300	6,526
Total Current Assets	4,132	4,197	3,552	3,109	3,326	3,428	2,838	2,899	2,903	2,786	1,980
Cash & Equivalents	2,091	1,933	1,768	1,236	1,236	1,319	1,249	1,173	894	698	529
Accounts Receivable	1,504	1,696	1,306	1,404	1,566	1,601	1,141	1,272	1,523	1,557	1,047
Prepaid Expenses	160	153	173	148	174	127	162	143	143	119	135
Other Current Assets	377	414	304	321	351	380	285	311	344	363	269
Plant, Property, & Equipment, net	249	243	254	258	257	263	260	259	257	265	256
Total Noncurrent Assets	4,098	4,095	4,040	4,064	4,127	4,145	4,147	4,198	4,219	4,249	4,290
Goodwill	2,933	2,930	2,938	2,934	2,934	2,937	2,933	2,932	2,930	2,930	2,936
Intangible Assets	392	410	440	455	478	502	519	548	564	585	604
Other Noncurrent Operating Assets	773	755	662	674	715	706	695	719	725	734	750
Total Liabilities & Shareholders' Equity	8,480	8,535	7,845	7,431	7,710	7,836	7,244	7,356	7,379	7,300	6,526
Total Liabilities	6,982	7,176	6,781	6,784	6,992	7,155	6,678	6,769	6,906	7,072	6,591
Total Current Liabilities	3,792	3,969	3,472	3,462	3,640	3,778	3,313	3,337	3,454	3,598	3,086
Accounts Payable	869	1,206	910	835	844	1,128	909	829	839	1,115	849
Current Deferred Revenue	2,923	2,763	2,562	2,627	2,796	2,641	2,395	2,499	2,607	2,444	2,230
Total Noncurrent Liabilities	3,190	3,206	3,309	3,322	3,351	3,378	3,365	3,432	3,452	3,474	3,505
Long-Term Debt	2,461	2,460	2,459	2,458	2,457	2,449	2,450	2,451	2,452	2,454	2,455
Other Noncurrent Operating Liabilities	729	747	850	864	894	929	915	981	999	1,021	1,050
Total Equity & Noncontrolling Interests	1,498	1,359	1,065	647	718	681	567	587	473	228	-65
Total Preferred & Common Equity	1,498	1,359	1,065	647	718	681	567	587	473	228	-65
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,498	1,359	1,065	647	718	681	567	587	473	228	-65
Common Stock	2,553	2,497	2,461	2,422	2,374	2,320	2,291	2,259	2,223	2,180	2,162
Retained Earnings	6,204	5,993	5,594	5,179	4,950	4,739	4,531	4,351	4,153	3,857	3,600
Treasury Stock	-7,191	-7,043	-6,935	-6,873	-6,523	-6,303	-6,161	-5,938	-5,806	-5,707	-5,696
Accumulated Other Comprehensive Income / (Loss)	-68	-88	-56	-82	-82	-76	-95	-85	-96	-102	-131

This table displays calculated financial ratios and metrics derived from Gartner's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.10%	7.87%	15.67%	15.48%	-3.44%	6.79%	20.05%	35.46%	13.01%	7.01%
EBITDA Growth	15.77%	6.85%	3.22%	80.42%	21.62%	3.32%	127.76%	-33.35%	10.82%	4.28%
EBIT Growth	17.36%	8.08%	5.71%	124.25%	29.01%	23.00%	10,698.02%	-100.92%	7.02%	2.60%
NOPAT Growth	9.81%	9.98%	15.46%	86.90%	28.04%	78.32%	4,063.47%	-102.16%	10.21%	-2.94%
Net Income Growth	42.07%	9.24%	1.79%	197.50%	14.34%	90.51%	3,634.55%	-98.31%	10.22%	-4.42%
EPS Growth	44.40%	11.25%	8.14%	211.15%	15.63%	92.48%	3,225.00%	-98.27%	12.14%	1.48%
Operating Cash Flow Growth	28.48%	4.93%	-16.08%	45.30%	59.75%	20.01%	85.12%	-30.39%	5.81%	-0.35%
Free Cash Flow Firm Growth	-11.38%	13.94%	-5.75%	16.15%	97.76%	-14.83%	117.24%	-1,385.61%	223.91%	-44.90%
Invested Capital Growth	3.63%	-7.76%	-5.02%	-11.85%	-17.06%	-4.53%	-10.53%	1,083.58%	-10.34%	56.05%
Revenue Q/Q Growth	2.10%	1.40%	3.76%	4.26%	-2.17%	2.77%	1.91%	10.38%	2.49%	2.84%
EBITDA Q/Q Growth	1.09%	-2.42%	10.02%	1.68%	7.09%	0.40%	9.86%	3.95%	3.11%	2.96%
EBIT Q/Q Growth	1.13%	-2.84%	12.26%	2.46%	10.44%	0.33%	30.19%	-106.48%	3.07%	2.48%
NOPAT Q/Q Growth	17.45%	-5.32%	7.45%	11.20%	16.82%	-4.72%	-38.51%	-116.04%	-0.64%	4.34%
Net Income Q/Q Growth	17.86%	-5.18%	6.24%	12.75%	24.16%	-6.54%	-15.98%	108.73%	0.37%	3.92%
EPS Q/Q Growth	17.82%	-4.48%	7.56%	14.27%	24.89%	-6.57%	-15.82%	111.76%	0.87%	5.10%
Operating Cash Flow Q/Q Growth	8.08%	1.87%	-2.80%	-1.92%	24.48%	7.14%	5.11%	-19.36%	1.14%	2.40%
Free Cash Flow Firm Q/Q Growth	7.43%	0.71%	0.10%	-6.80%	30.95%	2.93%	-45.20%	7.23%	-7.01%	45.80%
Invested Capital Q/Q Growth	7.44%	2.43%	5.59%	2.23%	-4.27%	1.66%	2.58%	-6.96%	8.02%	1.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.72%	67.78%	69.07%	69.50%	67.19%	63.48%	63.05%	60.13%	61.32%	61.21%
EBITDA Margin	26.55%	24.33%	24.56%	27.53%	17.62%	13.99%	14.46%	7.62%	15.49%	15.79%
Operating Margin	18.45%	20.94%	20.09%	19.34%	11.96%	8.72%	6.53%	-0.19%	12.48%	13.31%
EBIT Margin	23.25%	21.02%	20.97%	22.95%	11.82%	8.85%	7.68%	-0.09%	12.83%	13.55%
Profit (Net Income) Margin	20.00%	14.94%	14.75%	16.76%	6.51%	5.50%	3.08%	0.10%	7.92%	8.12%
Tax Burden Percent	90.37%	76.93%	78.64%	81.82%	81.79%	84.61%	67.61%	-2.57%	67.12%	64.52%
Interest Burden Percent	95.23%	92.41%	89.44%	89.27%	67.31%	73.42%	59.32%	4,436.55%	91.99%	92.91%
Effective Tax Rate	9.63%	23.07%	21.36%	18.18%	18.21%	15.39%	32.39%	0.00%	32.88%	35.48%
Return on Invested Capital (ROIC)	56.39%	50.17%	42.72%	33.80%	15.42%	10.76%	5.57%	-0.25%	68.90%	72.26%
ROIC Less NNEP Spread (ROIC-NNEP)	81.46%	45.39%	39.40%	36.78%	6.96%	6.80%	3.19%	0.36%	65.53%	68.06%
Return on Net Nonoperating Assets (RNNOA)	66.53%	144.11%	227.06%	74.80%	10.87%	15.31%	7.78%	0.87%	-610.22%	1,148.66%
Return on Equity (ROE)	122.93%	194.28%	269.78%	108.60%	26.29%	26.08%	13.35%	0.63%	-541.32%	1,220.92%
Cash Return on Invested Capital (CROIC)	52.83%	58.25%	47.87%	46.40%	34.08%	15.40%	16.69%	-169.08%	79.80%	28.48%
Operating Return on Assets (OROA)	17.80%	16.40%	15.61%	14.75%	6.70%	5.63%	4.53%	-0.06%	13.83%	14.39%
Return on Assets (ROA)	15.32%	11.66%	10.98%	10.77%	3.69%	3.49%	1.82%	0.07%	8.54%	8.62%
Return on Common Equity (ROCE)	122.93%	194.28%	269.78%	108.60%	26.29%	26.08%	13.35%	0.63%	-541.32%	1,220.92%
Return on Equity Simple (ROE_SIMPLE)	92.24%	129.65%	354.61%	213.86%	24.46%	24.86%	14.39%	0.33%	317.98%	-132.65%
Net Operating Profit after Tax (NOPAT)	1,045	952	865	749	401	313	176	-4.43	205	186
NOPAT Margin	16.67%	16.11%	15.80%	15.83%	9.78%	7.38%	4.42%	-0.13%	8.38%	8.59%
Net Nonoperating Expense Percent (NNEP)	-25.07%	4.79%	3.32%	-2.98%	8.47%	3.96%	2.38%	-0.60%	3.37%	4.20%
Return On Investment Capital (ROIC_SIMPLE)	27.36%	30.31%	32.17%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	32.28%	32.22%	30.93%	30.51%	32.81%	36.52%	36.95%	39.87%	38.68%	38.79%
SG&A Expenses to Revenue	46.03%	45.73%	45.31%	45.54%	49.74%	49.55%	47.39%	48.29%	44.56%	44.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.27%	46.84%	48.98%	50.15%	55.23%	54.76%	56.52%	60.32%	48.83%	47.89%
Earnings before Interest and Taxes (EBIT)	1,457	1,241	1,149	1,086	484	376	305	-2.88	314	293
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,664	1,437	1,345	1,303	722	594	575	252	379	342
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	27.49	51.66	116.61	74.10	13.12	14.69	13.66	11.35	137.15	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.96	5.95	4.85	5.81	3.49	3.25	2.92	3.37	3.42	3.47
Price to Earnings (P/E)	29.81	39.85	32.88	34.65	53.62	59.09	94.89	3,404.61	43.13	42.79
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%
Earnings Yield	3.35%	2.51%	3.04%	2.89%	1.87%	1.69%	1.05%	0.03%	2.32%	2.34%
Enterprise Value to Invested Capital (EV/IC)	20.09	19.95	14.36	14.06	6.61	5.52	4.62	4.18	30.49	25.40
Enterprise Value to Revenue (EV/Rev)	6.05	6.15	5.17	6.17	3.80	3.70	3.46	4.20	3.51	3.68
Enterprise Value to EBITDA (EV/EBITDA)	22.78	25.26	21.06	22.41	21.56	26.42	23.92	55.10	22.63	23.30
Enterprise Value to EBIT (EV/EBIT)	26.01	29.24	24.66	26.88	32.13	41.77	45.02	0.00	27.33	27.17
Enterprise Value to NOPAT (EV/NOPAT)	36.27	38.15	32.74	38.97	38.84	50.10	78.28	0.00	41.84	42.84
Enterprise Value to Operating Cash Flow (EV/OCF)	25.52	31.41	25.72	22.25	17.24	27.74	29.17	54.63	23.44	23.04
Enterprise Value to Free Cash Flow (EV/FCFF)	38.71	32.87	29.22	28.39	17.58	35.03	26.14	0.00	36.13	108.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.81	3.61	10.81	6.64	1.81	2.33	2.68	3.33	11.41	-6.18
Long-Term Debt to Equity	1.81	3.60	10.77	6.62	1.80	2.18	2.49	2.95	10.91	-5.92
Financial Leverage	0.82	3.18	5.76	2.03	1.56	2.25	2.44	2.45	-9.31	16.88
Leverage Ratio	8.03	16.66	24.57	10.08	7.13	7.46	7.35	9.24	-63.42	141.56
Compound Leverage Factor	7.64	15.40	21.98	9.00	4.80	5.48	4.36	409.97	-58.34	131.52
Debt to Total Capital	64.41%	78.32%	91.53%	86.91%	64.47%	69.94%	72.84%	76.93%	91.94%	119.29%
Short-Term Debt to Total Capital	0.00%	0.31%	0.29%	0.21%	0.67%	4.48%	5.29%	8.91%	3.97%	5.10%
Long-Term Debt to Total Capital	64.41%	78.01%	91.24%	86.70%	63.80%	65.46%	67.55%	68.02%	87.97%	114.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	35.59%	21.68%	8.47%	13.09%	35.53%	30.06%	27.16%	23.07%	8.06%	-19.29%
Debt to EBITDA	1.48	1.71	1.83	1.89	2.74	3.68	3.97	12.99	1.83	2.40
Net Debt to EBITDA	0.32	0.79	1.31	1.31	1.75	3.20	3.70	10.86	0.58	1.31
Long-Term Debt to EBITDA	1.48	1.70	1.82	1.89	2.71	3.44	3.68	11.49	1.75	2.29
Debt to NOPAT	2.35	2.58	2.85	3.29	4.94	6.97	12.99	-740.10	3.39	4.41
Net Debt to NOPAT	0.50	1.20	2.04	2.28	3.16	6.08	12.10	-618.45	1.08	2.40
Long-Term Debt to NOPAT	2.35	2.57	2.84	3.28	4.88	6.53	12.05	-654.39	3.24	4.22
Altman Z-Score	5.44	5.02	4.13	3.92	2.49	2.35	2.35	1.79	4.55	4.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	0.91	0.77	0.78	0.79	0.71	0.69	0.92	0.92	0.86
Quick Ratio	0.91	0.77	0.63	0.63	0.66	0.56	0.54	0.61	0.77	0.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	979	1,105	969	1,029	886	448	526	-3,050	237	73
Operating Cash Flow to CapEx	1,459.57%	1,120.73%	1,019.36%	2,193.52%	1,076.77%	379.45%	371.36%	229.78%	733.27%	749.14%
Free Cash Flow to Firm to Interest Expense	7.47	8.32	7.68	8.68	5.52	4.36	4.15	-23.84	8.61	3.25
Operating Cash Flow to Interest Expense	11.33	8.70	8.73	11.07	5.63	5.50	3.72	1.99	13.26	15.33
Operating Cash Flow Less CapEx to Interest Expense	10.56	7.93	7.87	10.57	5.11	4.05	2.72	1.12	11.46	13.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.78	0.74	0.64	0.57	0.64	0.59	0.69	1.08	1.06
Accounts Receivable Turnover	3.80	3.74	3.75	3.63	3.19	3.29	3.27	3.64	4.00	3.82
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	24.79	22.40	20.35	15.51	12.03	13.87	16.25	19.30	21.23	20.93
Accounts Payable Turnover	1.73	1.70	1.51	1.38	1.54	2.07	2.13	2.38	2.28	2.26
Days Sales Outstanding (DSO)	96.02	97.57	97.38	100.49	114.30	110.96	111.64	100.29	91.36	95.58
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	210.53	215.06	242.43	263.78	236.26	176.42	171.09	153.11	159.88	161.27
Cash Conversion Cycle (CCC)	-114.51	-117.49	-145.05	-163.29	-121.96	-65.46	-59.44	-52.82	-68.52	-65.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,886	1,820	1,973	2,077	2,357	2,841	2,976	3,326	281	313
Invested Capital Turnover	3.38	3.11	2.70	2.14	1.58	1.46	1.26	1.84	8.22	8.41
Increase / (Decrease) in Invested Capital	66	-153	-104	-279	-485	-135	-350	3,045	-32	113
Enterprise Value (EV)	37,896	36,303	28,327	29,200	15,569	15,687	13,745	13,904	8,570	7,961
Market Capitalization	37,369	35,163	26,563	27,494	14,303	13,785	11,620	11,164	8,349	7,515
Book Value per Share	$17.62	$8.73	$2.88	$4.51	$12.21	$10.49	$9.36	$10.85	$0.74	($1.60)
Tangible Book Value per Share	($25.68)	($35.39)	($41.60)	($40.06)	($29.82)	($32.69)	($34.27)	($36.36)	($9.13)	($11.40)
Total Capital	3,819	3,139	2,689	2,834	3,069	3,122	3,132	4,262	755	686
Total Debt	2,460	2,458	2,461	2,463	1,979	2,184	2,282	3,279	694	819
Total Long-Term Debt	2,460	2,449	2,454	2,457	1,958	2,044	2,116	2,899	664	784
Net Debt	527	1,139	1,763	1,706	1,266	1,903	2,125	2,740	220	446
Capital Expenditures (CapEx)	102	103	108	60	84	149	127	111	50	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,706	-1,659	-1,502	-1,509	-1,317	-979	-800	-393	-561	-520
Debt-free Net Working Capital (DFNWC)	228	-340	-804	-753	-604	-698	-644	146	-87	-147
Net Working Capital (NWC)	228	-350	-811	-759	-624	-838	-809	-234	-117	-182
Net Nonoperating Expense (NNE)	-209	69	57	-44	134	80	53	-7.71	11	10
Net Nonoperating Obligations (NNO)	527	1,139	1,745	1,706	1,266	1,903	2,125	2,343	220	446
Total Depreciation and Amortization (D&A)	207	196	197	217	238	218	269	255	65	49
Debt-free, Cash-free Net Working Capital to Revenue	-27.21%	-28.09%	-27.42%	-31.88%	-32.11%	-23.06%	-20.12%	-11.87%	-22.96%	-24.06%
Debt-free Net Working Capital to Revenue	3.63%	-5.76%	-14.68%	-15.90%	-14.73%	-16.44%	-16.19%	4.40%	-3.56%	-6.82%
Net Working Capital to Revenue	3.63%	-5.92%	-14.82%	-16.03%	-15.23%	-19.73%	-20.35%	-7.07%	-4.79%	-8.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$16.12	$11.17	$10.08	$9.33	$2.99	$2.60	$1.35	$0.04	$2.34	$2.09
Adjusted Weighted Average Basic Shares Outstanding	77.79M	79.00M	80.18M	85.03M	89.32M	89.82M	90.83M	88.47M	82.57M	83.85M
Adjusted Diluted Earnings per Share	$16.00	$11.08	$9.96	$9.21	$2.96	$2.56	$1.33	$0.04	$2.31	$2.06
Adjusted Weighted Average Diluted Shares Outstanding	78.34M	79.68M	81.07M	86.18M	90.02M	90.97M	92.12M	89.79M	83.82M	85.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	76.82M	77.97M	79.06M	82.29M	88.72M	89.10M	89.71M	90.83M	82.65M	82.34M
Normalized Net Operating Profit after Tax (NOPAT)	1,046	959	872	754	406	321	248	106	233	203
Normalized NOPAT Margin	16.69%	16.23%	15.93%	15.93%	9.90%	7.56%	6.24%	3.22%	9.55%	9.37%
Pre Tax Income Margin	22.14%	19.42%	18.76%	20.49%	7.96%	6.50%	4.56%	-3.86%	11.80%	12.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.12	9.35	9.10	9.17	3.02	3.65	2.41	-0.02	11.37	12.99
NOPAT to Interest Expense	7.97	7.17	6.86	6.32	2.50	3.04	1.39	-0.03	7.43	8.24
EBIT Less CapEx to Interest Expense	10.34	8.57	8.24	8.66	2.50	2.20	1.41	-0.89	9.57	10.95
NOPAT Less CapEx to Interest Expense	7.20	6.39	6.00	5.82	1.98	1.60	0.38	-0.90	5.62	6.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	58.65%	68.69%	129.21%	208.62%	66.09%	85.32%	213.00%	1,258.68%	30.46%	289.83%

This table displays calculated financial ratios and metrics derived from Gartner's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.16%	8.13%	5.36%	6.11%	4.55%	5.41%	5.78%	9.20%	11.57%	15.19%	15.19%
EBITDA Growth	0.79%	5.16%	101.72%	10.21%	-27.79%	-9.29%	-4.74%	-5.08%	54.24%	46.88%	9.40%
EBIT Growth	0.59%	5.45%	121.21%	10.60%	-31.78%	-10.87%	-6.12%	-5.56%	65.82%	60.15%	13.85%
NOPAT Growth	-1.13%	85.14%	-1.20%	15.18%	-29.80%	-19.18%	3.42%	-3.79%	81.60%	28.03%	9.95%
Net Income Growth	0.19%	91.04%	130.57%	15.91%	-28.82%	-18.76%	3.72%	-3.36%	71.45%	22.67%	16.58%
EPS Growth	1.50%	90.98%	135.40%	18.15%	-27.45%	-16.35%	4.15%	-1.98%	76.92%	28.23%	23.30%
Operating Cash Flow Growth	66.02%	49.49%	78.51%	-15.10%	14.67%	10.45%	5.09%	4.85%	-1.85%	-13.49%	-8.73%
Free Cash Flow Firm Growth	-9.87%	-6.84%	-25.23%	-16.11%	-19.43%	-1.31%	-18.45%	-34.78%	-13.77%	-22.78%	-41.40%
Invested Capital Growth	-3.69%	3.63%	-1.21%	-0.27%	-4.94%	-7.76%	-4.91%	-4.35%	-3.97%	-5.02%	-8.04%
Revenue Q/Q Growth	-10.55%	15.55%	-6.94%	8.29%	-7.14%	12.59%	-6.28%	6.69%	-6.37%	12.98%	-3.24%
EBITDA Q/Q Growth	-9.28%	-38.67%	61.02%	12.50%	-5.35%	17.65%	-12.02%	-26.29%	18.91%	23.54%	-12.34%
EBIT Q/Q Growth	-10.68%	-42.37%	70.64%	14.53%	-6.37%	20.88%	-14.68%	-29.36%	22.34%	27.33%	-14.17%
NOPAT Q/Q Growth	-47.69%	116.84%	-20.80%	10.05%	-2.05%	15.72%	-7.67%	-32.93%	12.78%	48.07%	-14.11%
Net Income Q/Q Growth	-47.08%	-3.97%	80.81%	9.03%	0.92%	15.90%	-9.11%	-33.04%	15.17%	47.98%	-15.31%
EPS Q/Q Growth	-46.65%	-4.51%	81.57%	9.74%	0.38%	17.70%	-8.87%	-32.61%	15.72%	46.54%	-14.23%
Operating Cash Flow Q/Q Growth	-6.51%	-43.23%	59.68%	95.92%	-15.82%	-32.22%	-24.06%	164.63%	-18.92%	-35.50%	-24.23%
Free Cash Flow Firm Q/Q Growth	-17.73%	64.48%	-13.78%	-22.74%	-14.97%	32.01%	-3.27%	-25.79%	4.15%	9.08%	-22.64%
Invested Capital Q/Q Growth	-0.96%	7.44%	-6.07%	-3.64%	6.56%	2.43%	-5.18%	-8.15%	3.40%	5.59%	-4.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.04%	66.48%	67.98%	67.82%	68.81%	66.60%	68.00%	67.57%	69.11%	68.41%	68.70%
EBITDA Margin	21.65%	21.35%	40.23%	23.25%	22.38%	21.96%	21.01%	22.38%	32.40%	25.51%	23.33%
Operating Margin	18.12%	18.53%	16.56%	19.99%	18.59%	19.00%	17.35%	18.83%	28.96%	22.09%	19.03%
EBIT Margin	18.28%	18.31%	36.71%	20.02%	18.93%	18.77%	17.48%	19.20%	29.01%	22.20%	19.70%
Profit (Net Income) Margin	13.75%	23.24%	27.96%	14.39%	14.29%	13.15%	12.78%	13.17%	20.99%	17.07%	13.03%
Tax Burden Percent	79.00%	132.13%	78.78%	76.70%	81.12%	75.25%	80.19%	74.98%	77.58%	84.44%	74.78%
Interest Burden Percent	95.22%	96.08%	96.70%	93.74%	93.11%	93.12%	91.14%	91.49%	93.30%	91.04%	88.46%
Effective Tax Rate	21.00%	-32.13%	21.22%	23.30%	18.88%	24.75%	19.81%	25.02%	22.42%	15.56%	25.22%
Return on Invested Capital (ROIC)	47.60%	82.81%	45.35%	49.66%	45.27%	44.54%	44.47%	42.36%	60.65%	50.43%	38.50%
ROIC Less NNEP Spread (ROIC-NNEP)	46.51%	80.25%	68.64%	48.47%	44.43%	43.28%	43.45%	41.52%	59.49%	49.05%	37.63%
Return on Net Nonoperating Assets (RNNOA)	33.39%	65.55%	79.98%	98.64%	104.02%	137.42%	272.25%	317.20%	359.71%	282.68%	506.77%
Return on Equity (ROE)	80.99%	148.36%	125.33%	148.30%	149.28%	181.96%	316.72%	359.56%	420.36%	333.11%	545.27%
Cash Return on Invested Capital (CROIC)	58.57%	52.83%	51.59%	47.81%	48.16%	58.25%	60.17%	56.56%	52.42%	47.87%	49.66%
Operating Return on Assets (OROA)	14.29%	14.02%	29.86%	16.42%	14.98%	14.65%	14.79%	15.83%	22.71%	16.52%	15.38%
Return on Assets (ROA)	10.75%	17.79%	22.75%	11.80%	11.31%	10.27%	10.81%	10.86%	16.43%	12.70%	10.17%
Return on Common Equity (ROCE)	80.99%	148.36%	125.33%	148.30%	149.28%	181.96%	316.72%	359.56%	420.36%	333.11%	545.27%
Return on Equity Simple (ROE_SIMPLE)	83.73%	0.00%	99.91%	128.16%	111.01%	0.00%	164.24%	157.57%	196.90%	0.00%	-1,171.09%
Net Operating Profit after Tax (NOPAT)	220	420	194	244	222	227	196	212	316	281	190
NOPAT Margin	14.32%	24.48%	13.05%	15.33%	15.08%	14.30%	13.91%	14.12%	22.46%	18.65%	14.23%
Net Nonoperating Expense Percent (NNEP)	1.09%	2.56%	-23.30%	1.19%	0.83%	1.26%	1.02%	0.84%	1.16%	1.38%	0.88%
Return On Investment Capital (ROIC_SIMPLE)	5.55%	11.00%	-	-	-	7.23%	-	-	-	10.44%	-
Cost of Revenue to Revenue	30.96%	33.52%	32.02%	32.18%	31.19%	33.41%	32.00%	32.43%	30.89%	31.59%	31.30%
SG&A Expenses to Revenue	47.60%	44.96%	47.95%	44.64%	46.83%	44.37%	46.89%	45.25%	46.64%	42.87%	46.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.91%	47.95%	51.41%	47.83%	50.21%	47.59%	50.65%	48.74%	40.16%	46.32%	49.68%
Earnings before Interest and Taxes (EBIT)	280	314	545	319	279	298	246	289	409	334	262
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	332	366	597	371	330	348	296	336	456	384	311
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	21.53	27.49	36.68	53.91	51.74	51.66	47.80	47.21	54.47	116.61	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.09	5.96	6.36	5.75	6.22	5.95	4.65	4.82	4.58	4.85	4.15
Price to Earnings (P/E)	25.71	29.81	36.71	42.07	46.61	39.85	29.10	29.96	27.66	32.88	28.78
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.89%	3.35%	2.72%	2.38%	2.15%	2.51%	3.44%	3.34%	3.62%	3.04%	3.47%
Enterprise Value to Invested Capital (EV/IC)	17.46	20.09	22.64	19.31	19.79	19.95	15.92	15.46	13.39	14.36	12.75
Enterprise Value to Revenue (EV/Rev)	5.15	6.05	6.47	5.95	6.43	6.15	4.86	5.04	4.86	5.17	4.51
Enterprise Value to EBITDA (EV/EBITDA)	19.57	22.78	24.15	26.83	29.29	25.26	19.21	19.48	18.15	21.06	19.48
Enterprise Value to EBIT (EV/EBIT)	22.36	26.01	27.59	31.59	34.53	29.24	22.15	22.40	20.85	24.66	23.28
Enterprise Value to NOPAT (EV/NOPAT)	31.26	36.27	44.67	40.56	44.76	38.15	28.15	29.02	27.13	32.74	29.58
Enterprise Value to Operating Cash Flow (EV/OCF)	20.26	25.52	28.93	32.39	32.53	31.41	24.94	25.91	24.88	25.72	21.02
Enterprise Value to Free Cash Flow (EV/FCFF)	29.25	38.71	43.61	40.33	40.05	32.87	25.80	26.73	25.03	29.22	24.59
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.64	1.81	2.31	3.80	3.42	3.61	4.34	4.19	5.20	10.81	-37.92
Long-Term Debt to Equity	1.64	1.81	2.31	3.80	3.42	3.60	4.32	4.18	5.19	10.77	-37.81
Financial Leverage	0.72	0.82	1.17	2.03	2.34	3.18	6.27	7.64	6.05	5.76	13.47
Leverage Ratio	7.31	8.03	9.25	11.99	12.67	16.66	27.45	31.44	24.30	24.57	50.15
Compound Leverage Factor	6.96	7.71	8.95	11.24	11.80	15.52	25.02	28.76	22.68	22.37	44.36
Debt to Total Capital	62.16%	64.41%	69.78%	79.17%	77.38%	78.32%	81.28%	80.75%	83.88%	91.53%	102.71%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.31%	0.32%	0.30%	0.29%	0.29%	0.31%
Long-Term Debt to Total Capital	62.16%	64.41%	69.78%	79.17%	77.38%	78.01%	80.96%	80.45%	83.60%	91.24%	102.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	37.84%	35.59%	30.22%	20.83%	22.62%	21.68%	18.72%	19.25%	16.12%	8.47%	-2.71%
Debt to EBITDA	1.48	1.48	1.49	1.83	1.88	1.71	1.67	1.65	1.63	1.83	2.01
Net Debt to EBITDA	0.22	0.32	0.42	0.91	0.93	0.79	0.82	0.87	1.04	1.31	1.58
Long-Term Debt to EBITDA	1.48	1.48	1.49	1.83	1.88	1.70	1.66	1.65	1.63	1.82	2.01
Debt to NOPAT	2.36	2.35	2.76	2.76	2.87	2.58	2.45	2.46	2.44	2.85	3.06
Net Debt to NOPAT	0.35	0.50	0.78	1.37	1.42	1.20	1.20	1.29	1.56	2.04	2.40
Long-Term Debt to NOPAT	2.36	2.35	2.76	2.76	2.87	2.57	2.44	2.45	2.44	2.84	3.05
Altman Z-Score	4.70	5.00	5.48	4.96	4.93	4.62	4.15	4.12	3.88	3.76	3.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.06	1.02	0.90	0.91	0.91	0.86	0.87	0.84	0.77	0.64
Quick Ratio	0.95	0.91	0.89	0.76	0.77	0.77	0.72	0.73	0.70	0.63	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	291	354	215	250	323	380	288	297	401	385	353
Operating Cash Flow to CapEx	1,226.14%	1,400.76%	2,292.55%	1,259.80%	833.35%	801.78%	1,163.21%	1,704.14%	779.66%	540.34%	981.80%
Free Cash Flow to Firm to Interest Expense	21.71	4.79	11.98	12.48	16.81	6.44	13.19	12.11	14.64	11.06	11.65
Operating Cash Flow to Interest Expense	23.37	4.54	32.89	18.51	9.83	3.80	15.17	17.75	6.01	5.84	10.40
Operating Cash Flow Less CapEx to Interest Expense	21.47	4.22	31.46	17.04	8.65	3.33	13.86	16.70	5.24	4.76	9.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.77	0.81	0.82	0.79	0.78	0.85	0.82	0.78	0.74	0.78
Accounts Receivable Turnover	4.12	3.80	5.02	4.53	3.87	3.74	5.33	4.70	3.95	3.75	5.23
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	25.01	24.79	23.89	23.45	23.26	22.40	22.58	22.59	21.82	20.35	19.08
Accounts Payable Turnover	2.38	1.73	2.18	2.35	2.29	1.70	2.10	2.26	2.10	1.51	1.88
Days Sales Outstanding (DSO)	88.52	96.02	72.73	80.55	94.43	97.57	68.54	77.58	92.51	97.38	69.75
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	153.39	210.53	167.78	155.47	159.35	215.06	173.49	161.33	174.08	242.43	193.92
Cash Conversion Cycle (CCC)	-64.87	-114.51	-95.05	-74.92	-64.93	-117.49	-104.95	-83.75	-81.57	-145.05	-124.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,868	1,886	1,755	1,869	1,939	1,820	1,777	1,874	2,040	1,973	1,869
Invested Capital Turnover	3.32	3.38	3.48	3.24	3.00	3.11	3.20	3.00	2.70	2.70	2.71
Increase / (Decrease) in Invested Capital	-71	66	-22	-5.07	-101	-153	-92	-85	-84	-104	-163
Enterprise Value (EV)	32,614	37,896	39,741	36,083	38,377	36,303	28,295	28,977	27,323	28,327	23,818
Market Capitalization	32,244	37,369	39,051	34,861	37,156	35,163	27,085	27,689	25,756	26,563	21,884
Book Value per Share	$19.50	$17.62	$13.82	$8.33	$9.17	$8.73	$7.19	$7.42	$5.98	$2.88	($0.82)
Tangible Book Value per Share	($23.78)	($25.68)	($30.02)	($35.33)	($34.39)	($35.39)	($36.61)	($36.60)	($38.21)	($41.60)	($45.58)
Total Capital	3,959	3,819	3,524	3,105	3,175	3,139	3,026	3,047	2,934	2,689	2,397
Total Debt	2,461	2,460	2,459	2,458	2,457	2,458	2,460	2,460	2,461	2,461	2,462
Total Long-Term Debt	2,461	2,460	2,459	2,458	2,457	2,449	2,450	2,451	2,452	2,454	2,455
Net Debt	370	527	691	1,222	1,221	1,139	1,210	1,287	1,567	1,763	1,934
Capital Expenditures (CapEx)	26	24	26	29	23	28	28	26	21	38	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,751	-1,706	-1,689	-1,589	-1,550	-1,659	-1,715	-1,602	-1,436	-1,502	-1,627
Debt-free Net Working Capital (DFNWC)	340	228	80	-353	-314	-340	-466	-429	-543	-804	-1,098
Net Working Capital (NWC)	340	228	80	-353	-314	-350	-475	-438	-551	-811	-1,106
Net Nonoperating Expense (NNE)	8.71	21	-221	15	12	18	16	14	21	24	16
Net Nonoperating Obligations (NNO)	370	527	691	1,222	1,221	1,139	1,210	1,287	1,567	1,745	1,934
Total Depreciation and Amortization (D&A)	52	52	52	52	51	51	50	48	48	50	48
Debt-free, Cash-free Net Working Capital to Revenue	-27.66%	-27.21%	-27.51%	-26.21%	-25.96%	-28.09%	-29.44%	-27.87%	-25.54%	-27.42%	-30.83%
Debt-free Net Working Capital to Revenue	5.38%	3.63%	1.30%	-5.82%	-5.26%	-5.76%	-7.99%	-7.46%	-9.65%	-14.68%	-20.81%
Net Working Capital to Revenue	5.38%	3.63%	1.30%	-5.82%	-5.26%	-5.92%	-8.16%	-7.62%	-9.80%	-14.82%	-20.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.73	$5.12	$5.36	$2.95	$2.69	$2.67	$2.28	$2.50	$3.72	$3.24	$2.19
Adjusted Weighted Average Basic Shares Outstanding	77.36M	77.79M	77.48M	77.82M	78.34M	79.00M	78.92M	79.29M	79.45M	80.18M	79.26M
Adjusted Diluted Earnings per Share	$2.71	$5.08	$5.32	$2.93	$2.67	$2.66	$2.26	$2.48	$3.68	$3.18	$2.17
Adjusted Weighted Average Diluted Shares Outstanding	77.79M	78.34M	77.97M	78.29M	78.96M	79.68M	79.52M	79.82M	80.28M	81.07M	80.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	76.97M	76.82M	77.13M	77.06M	77.63M	77.97M	77.95M	78.83M	79.04M	79.06M	79.02M
Normalized Net Operating Profit after Tax (NOPAT)	220	222	194	245	223	228	200	214	318	283	191
Normalized NOPAT Margin	14.32%	12.97%	13.06%	15.35%	15.11%	14.38%	14.17%	14.22%	22.54%	18.83%	14.30%
Pre Tax Income Margin	17.40%	17.59%	35.50%	18.76%	17.62%	17.48%	15.93%	17.57%	27.06%	20.21%	17.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.91	4.25	30.33	15.97	14.51	5.05	11.29	11.76	14.92	9.60	8.66
NOPAT to Interest Expense	16.38	5.68	10.78	12.23	11.56	3.84	8.98	8.64	11.55	8.06	6.26
EBIT Less CapEx to Interest Expense	19.00	3.93	28.90	14.50	13.33	4.57	9.98	10.71	14.15	8.52	7.60
NOPAT Less CapEx to Interest Expense	14.47	5.36	9.35	10.76	10.38	3.37	7.68	7.60	10.78	6.98	5.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	53.66%	58.65%	74.44%	112.53%	90.87%	68.69%	49.97%	38.11%	75.13%	129.21%	163.50%

Frequently Asked Questions About Gartner's Financials

When does Gartner's fiscal year end?

According to the most recent income statement we have on file, Gartner's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Gartner's net income changed over the last 9 years?

Gartner's net income appears to be on an upward trend, with a most recent value of $1.25 billion in 2024, rising from $175.64 million in 2015. The previous period was $882.47 million in 2023. View Gartner's forecast to see where analysts expect Gartner to go next.

What is Gartner's operating income?

Gartner's total operating income in 2024 was $1.16 billion, based on the following breakdown:

Total Gross Profit: $4.24 billion
Total Operating Expenses: $3.09 billion

How has Gartner revenue changed over the last 9 years?

Over the last 9 years, Gartner's total revenue changed from $2.16 billion in 2015 to $6.27 billion in 2024, a change of 189.7%.

How much debt does Gartner have?

Gartner's total liabilities were at $7.18 billion at the end of 2024, a 0.3% increase from 2023, and a 211.9% increase since 2015.

How much cash does Gartner have?

In the past 9 years, Gartner's cash and equivalents has ranged from $156.37 million in 2018 to $1.93 billion in 2024, and is currently $1.93 billion as of their latest financial filing in 2024.

How has Gartner's book value per share changed over the last 9 years?

Over the last 9 years, Gartner's book value per share changed from -1.60 in 2015 to 17.62 in 2024, a change of -1,202.7%.

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This page (NYSE:IT) was last updated on 5/21/2025 by MarketBeat.com Staff

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Gartner (IT) Financials

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