Gartner (IT) Financials

$229.00 -0.69 (-0.30%)

Closing price 08/8/2025 03:59 PM Eastern

Extended Trading

$229.47 +0.47 (+0.21%)

As of 08/8/2025 07:57 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	184	176	194	3.28	122	233	267	794	808	882	1,254
Consolidated Net Income / (Loss)	184	176	194	3.28	122	233	267	794	808	882	1,254
Net Income / (Loss) Continuing Operations	184	176	194	3.28	122	233	267	794	808	882	1,254
Total Pre-Tax Income	275	272	288	-128	181	276	326	970	1,027	1,147	1,387
Total Operating Income	286	288	305	-6.33	260	370	490	916	1,100	1,237	1,156
Total Gross Profit	1,224	1,324	1,499	1,991	2,507	2,695	2,754	3,290	3,782	4,004	4,244
Total Revenue	2,021	2,163	2,445	3,311	3,975	4,245	4,099	4,734	5,476	5,907	6,267
Operating Revenue	2,021	2,163	2,445	3,311	3,975	4,245	4,099	4,734	5,476	5,907	6,267
Total Cost of Revenue	798	839	946	1,320	1,469	1,551	1,345	1,444	1,694	1,903	2,023
Operating Cost of Revenue	798	839	946	1,320	1,469	1,551	1,345	1,444	1,694	1,903	2,023
Total Operating Expenses	937	1,036	1,194	1,998	2,247	2,325	2,264	2,374	2,682	2,767	3,088
Selling, General & Admin Expense	876	963	1,089	1,599	1,884	2,103	2,039	2,156	2,481	2,702	2,885
Depreciation Expense	31	34	37	64	69	82	94	103	93	99	112
Amortization Expense	8.23	13	25	176	187	130	125	110	99	92	90
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	0.00	0.00	-135	0.00
Restructuring Charge	22	26	43	158	107	9.46	6.28	6.06	9.08	9.59	0.97
Total Other Income / (Expense), net	-11	-16	-17	-121	-79	-94	-164	54	-73	-90	231
Interest Expense	12	23	28	128	127	103	160	119	126	133	131
Interest & Investment Income	1.41	1.77	2.45	3.01	2.57	3.03	2.09	1.89	4.88	39	62
Other Income / (Expense), net	-0.59	5.00	8.41	3.45	46	5.46	-5.65	171	48	4.48	301
Income Tax Expense	91	97	95	-131	59	42	59	176	219	265	134
Basic Earnings per Share	$2.06	$2.09	$2.34	$0.04	$1.35	$2.60	$2.99	$9.33	$10.08	$11.17	$16.12
Weighted Average Basic Shares Outstanding	89.34M	83.85M	82.57M	88.47M	90.83M	89.82M	89.32M	85.03M	80.18M	79.00M	77.79M
Diluted Earnings per Share	$2.03	$2.06	$2.31	$0.04	$1.33	$2.56	$2.96	$9.21	$9.96	$11.08	$16.00
Weighted Average Diluted Shares Outstanding	90.72M	85.06M	83.82M	89.79M	92.12M	90.97M	90.02M	86.18M	81.07M	79.68M	78.34M
Weighted Average Basic & Diluted Shares Outstanding	89.20M	84M	82.70M	82M	90.70M	89.10M	88.72M	82.29M	79.06M	77.97M	76.82M

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	257	296	198	180	209	211	230	415	399	211	241
Consolidated Net Income / (Loss)	257	296	198	180	209	211	230	415	399	211	241
Net Income / (Loss) Continuing Operations	257	296	198	180	209	211	230	415	399	211	241
Total Pre-Tax Income	304	381	264	224	277	260	299	527	302	267	318
Total Operating Income	332	408	283	244	301	274	319	246	318	278	327
Total Gross Profit	1,029	974	1,016	958	1,056	1,013	1,082	1,009	1,140	1,059	1,155
Total Revenue	1,505	1,409	1,503	1,409	1,586	1,473	1,595	1,484	1,715	1,534	1,686
Operating Revenue	1,505	1,409	1,503	1,409	1,586	1,473	1,595	1,484	1,715	1,534	1,686
Total Cost of Revenue	475	435	487	451	530	459	513	475	575	475	532
Operating Cost of Revenue	475	435	487	451	530	459	513	475	575	475	532
Total Operating Expenses	697	566	733	714	755	740	763	763	822	781	828
Selling, General & Admin Expense	645	657	680	661	704	690	712	712	771	730	777
Depreciation Expense	24	24	24	25	26	26	28	29	29	29	31
Amortization Expense	24	23	23	24	23	23	23	22	22	22	20
Restructuring Charge	3.25	1.37	1.97	4.46	1.78	0.46	0.36	0.16	-0.00	0.00	0.00
Total Other Income / (Expense), net	-28	-27	-19	-20	-24	-14	-19	281	-16	-11	-9.30
Interest Expense	35	27	25	22	59	19	20	18	74	13	12
Other Income / (Expense), net	1.73	0.71	5.58	1.88	-3.68	4.89	0.50	299	-3.83	2.39	2.50
Income Tax Expense	47	85	66	44	69	49	70	112	-97	56	77
Basic Earnings per Share	$3.24	$3.72	$2.50	$2.28	$2.67	$2.69	$2.95	$5.36	$5.12	$2.73	$3.12
Weighted Average Basic Shares Outstanding	80.18M	79.45M	79.29M	78.92M	79.00M	78.34M	77.82M	77.48M	77.79M	77.36M	77.16M
Diluted Earnings per Share	$3.18	$3.68	$2.48	$2.26	$2.66	$2.67	$2.93	$5.32	$5.08	$2.71	$3.11
Weighted Average Diluted Shares Outstanding	81.07M	80.28M	79.82M	79.52M	79.68M	78.96M	78.29M	77.97M	78.34M	77.79M	77.36M
Weighted Average Basic & Diluted Shares Outstanding	79.06M	79.04M	78.83M	77.95M	77.97M	77.63M	77.06M	77.13M	76.82M	76.97M	75.74M

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-25	36	93	42	-402	119	403	74	-44	621	671
Net Cash From Operating Activities	347	346	366	255	471	565	903	1,312	1,101	1,156	1,485
Net Cash From Continuing Operating Activities	347	346	366	255	471	565	903	1,312	1,101	1,156	1,485
Net Income / (Loss) Continuing Operations	184	176	194	3.28	122	233	267	794	808	882	1,254
Consolidated Net Income / (Loss)	184	176	194	3.28	122	233	267	794	808	882	1,254
Depreciation Expense	39	47	62	240	256	212	219	212	192	191	202
Amortization Expense	2.65	1.51	3.08	15	14	6.50	19	4.16	4.57	4.69	4.59
Non-Cash Adjustments To Reconcile Net Income	19	32	44	79	21	158	187	203	162	81	228
Changes in Operating Assets and Liabilities, net	102	89	63	-83	59	-44	212	99	-65	-3.60	-203
Net Cash From Investing Activities	-163	-242	-98	-2,753	384	-161	-84	-80	-118	54	-104
Net Cash From Continuing Investing Activities	-163	-242	-98	-2,753	384	-161	-84	-80	-118	54	-104
Purchase of Property, Plant & Equipment	-38	-46	-50	-111	-127	-149	-84	-60	-108	-103	-102
Acquisitions	-124	-196	-48	-2,642	-16	-26	0.00	-23	-9.51	-3.80	-2.00
Divestitures	-	-	0.00	0.00	527	14	-	0.00	0.00	161	0.00
Net Cash From Financing Activities	-209	-68	-175	2,540	-1,257	-286	-416	-1,158	-1,027	-589	-710
Net Cash From Continuing Financing Activities	-209	-68	-175	2,540	-1,257	-286	-416	-1,158	-1,027	-589	-710
Repayment of Debt	-205	-20	-840	-456	-1,259	-419	-2,590	-120	-5.93	-7.80	-277
Repurchase of Common Equity	-432	-509	-59	-41	-261	-199	-176	-1,656	-1,044	-606	-735
Issuance of Debt	400	440	715	3,025	248	314	2,332	600	0.00	0.00	274
Issuance of Common Equity	7.77	7.50	9.25	12	15	18	18	18	22	25	28
Cash Interest Paid	11	21	23	99	118	102	112	102	113	119	100
Cash Income Taxes Paid	70	84	86	76	96	119	34	253	175	307	313

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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	146	201	280	93	47	-56	7.05	503	217	135	81
Net Cash From Operating Activities	203	165	436	331	224	189	370	591	335	314	384
Net Cash From Continuing Operating Activities	203	165	436	331	224	189	370	591	335	314	384
Net Income / (Loss) Continuing Operations	257	296	198	180	209	211	230	415	399	211	241
Consolidated Net Income / (Loss)	257	296	198	180	209	211	230	415	399	211	241
Depreciation Expense	49	47	47	49	49	49	51	51	51	51	51
Amortization Expense	1.15	1.16	1.17	1.18	1.18	1.54	1.01	1.02	1.03	1.03	1.04
Non-Cash Adjustments To Reconcile Net Income	46	-67	57	42	48	63	55	56	54	68	60
Changes in Operating Assets and Liabilities, net	-150	-112	133	59	-83	-135	34	68	-169	-17	31
Net Cash From Investing Activities	-43	138	-28	-32	-23	-25	-29	-26	-24	-26	-36
Net Cash From Continuing Investing Activities	-43	138	-28	-32	-23	-25	-29	-26	-24	-26	-36
Purchase of Property, Plant & Equipment	-38	-21	-26	-28	-28	-23	-29	-26	-24	-26	-36
Net Cash From Financing Activities	-14	-101	-127	-205	-155	-220	-334	-62	-95	-153	-267
Net Cash From Continuing Financing Activities	-14	-101	-127	-205	-155	-220	-334	-62	-95	-153	-267
Repurchase of Common Equity	-17	-107	-132	-209	-158	-225	-340	-69	-102	-163	-274
Issuance of Common Equity	5.25	7.36	5.88	5.88	5.99	8.05	6.41	6.33	7.40	9.74	7.73

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,904	2,169	2,367	7,283	6,201	7,151	7,316	7,416	7,300	7,836	8,535
Total Current Assets	1,097	1,141	1,343	2,589	1,812	2,019	2,323	2,620	2,786	3,428	4,197
Cash & Equivalents	365	373	474	539	156	281	713	756	698	1,319	1,933
Accounts Receivable	552	581	643	1,177	1,255	1,326	1,242	1,365	1,557	1,601	1,696
Prepaid Expenses	64	62	85	125	165	146	109	118	119	127	153
Other Current Assets	115	125	141	205	235	266	260	381	363	380	414
Plant, Property, & Equipment, net	98	109	122	222	268	345	337	274	265	263	243
Total Noncurrent Assets	710	919	903	4,473	4,122	4,788	4,656	4,523	4,249	4,145	4,095
Goodwill	587	715	738	2,987	2,923	2,938	2,946	2,951	2,930	2,937	2,930
Intangible Assets	31	97	77	1,292	1,043	925	807	714	585	502	410
Other Noncurrent Operating Assets	92	107	87	194	156	925	904	857	734	706	755
Total Liabilities & Shareholders' Equity	1,904	2,169	2,367	7,283	6,201	7,151	7,316	7,416	7,300	7,836	8,535
Total Liabilities	1,743	2,301	2,306	6,300	5,351	6,213	6,226	7,045	7,072	7,155	7,176
Total Current Liabilities	1,215	1,323	1,460	2,823	2,621	2,857	2,947	3,379	3,598	3,778	3,969
Short-Term Debt	20	35	30	380	166	140	21	5.93	7.80	9.60	0.00
Accounts Payable	354	388	441	667	710	789	952	1,135	1,115	1,128	1,206
Current Deferred Revenue	841	901	989	1,630	1,745	1,928	1,975	2,238	2,444	2,641	2,763
Total Noncurrent Liabilities	528	977	846	3,477	2,730	3,356	3,278	3,666	3,474	3,378	3,206
Long-Term Debt	385	784	664	2,899	2,116	2,044	1,958	2,457	2,454	2,449	2,460
Other Noncurrent Operating Liabilities	143	194	182	578	614	1,312	1,320	1,210	1,021	929	747
Total Equity & Noncontrolling Interests	161	-132	61	983	851	939	1,090	371	228	681	1,359
Total Preferred & Common Equity	161	-132	61	983	851	939	1,090	371	228	681	1,359
Preferred Stock	-	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	161	-132	61	983	851	939	1,090	371	228	681	1,359
Common Stock	765	819	863	1,761	1,824	1,899	1,969	2,075	2,180	2,320	2,497
Retained Earnings	1,275	1,451	1,644	1,647	1,755	1,989	2,255	3,049	3,857	4,739	5,993
Treasury Stock	-1,857	-2,357	-2,397	-2,427	-2,689	-2,872	-3,035	-4,672	-5,707	-6,303	-7,043
Accumulated Other Comprehensive Income / (Loss)	-21	-44	-50	1.51	-40	-78	-99	-81	-102	-76	-88

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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	7,300	7,379	7,356	7,244	7,836	7,710	7,431	7,845	8,535	8,480	8,328
Total Current Assets	2,786	2,903	2,899	2,838	3,428	3,326	3,109	3,552	4,197	4,132	3,974
Cash & Equivalents	698	894	1,173	1,249	1,319	1,236	1,236	1,768	1,933	2,091	2,198
Accounts Receivable	1,557	1,523	1,272	1,141	1,601	1,566	1,404	1,306	1,696	1,504	1,263
Prepaid Expenses	119	143	143	162	127	174	148	173	153	160	176
Other Current Assets	363	344	311	285	380	351	321	304	414	377	337
Plant, Property, & Equipment, net	265	257	259	260	263	257	258	254	243	249	254
Total Noncurrent Assets	4,249	4,219	4,198	4,147	4,145	4,127	4,064	4,040	4,095	4,098	4,100
Goodwill	2,930	2,930	2,932	2,933	2,937	2,934	2,934	2,938	2,930	2,933	2,938
Intangible Assets	585	564	548	519	502	478	455	440	410	392	376
Other Noncurrent Operating Assets	734	725	719	695	706	715	674	662	755	773	786
Total Liabilities & Shareholders' Equity	7,300	7,379	7,356	7,244	7,836	7,710	7,431	7,845	8,535	8,480	8,328
Total Liabilities	7,072	6,906	6,769	6,678	7,155	6,992	6,784	6,781	7,176	6,982	6,795
Total Current Liabilities	3,598	3,454	3,337	3,313	3,778	3,640	3,462	3,472	3,969	3,792	3,594
Short-Term Debt	7.80	8.40	9.00	9.60	9.60	0.00	0.00	0.00	0.00	-	0.36
Accounts Payable	1,115	839	829	909	1,128	844	835	910	1,206	869	902
Current Deferred Revenue	2,444	2,607	2,499	2,395	2,641	2,796	2,627	2,562	2,763	2,923	2,691
Total Noncurrent Liabilities	3,474	3,452	3,432	3,365	3,378	3,351	3,322	3,309	3,206	3,190	3,201
Long-Term Debt	2,454	2,452	2,451	2,450	2,449	2,457	2,458	2,459	2,460	2,461	2,462
Other Noncurrent Operating Liabilities	1,021	999	981	915	929	894	864	850	747	729	740
Total Equity & Noncontrolling Interests	228	473	587	567	681	718	647	1,065	1,359	1,498	1,533
Total Preferred & Common Equity	228	473	587	567	681	718	647	1,065	1,359	1,498	1,533
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	228	473	587	567	681	718	647	1,065	1,359	1,498	1,533
Common Stock	2,180	2,223	2,259	2,291	2,320	2,374	2,422	2,461	2,497	2,553	2,603
Retained Earnings	3,857	4,153	4,351	4,531	4,739	4,950	5,179	5,594	5,993	6,204	6,445
Treasury Stock	-5,707	-5,806	-5,938	-6,161	-6,303	-6,523	-6,873	-6,935	-7,043	-7,191	-7,469
Accumulated Other Comprehensive Income / (Loss)	-102	-96	-85	-95	-76	-82	-82	-56	-88	-68	-47

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.30%	7.01%	13.01%	35.46%	20.05%	6.79%	-3.44%	15.48%	15.67%	7.87%	6.10%
EBITDA Growth	4.86%	4.28%	10.82%	-33.35%	127.76%	3.32%	21.62%	80.42%	3.22%	6.85%	15.77%
EBIT Growth	3.74%	2.60%	7.02%	-100.92%	10,698.02%	23.00%	29.01%	124.25%	5.71%	8.08%	17.36%
NOPAT Growth	1.29%	-2.94%	10.21%	-102.16%	4,063.47%	78.32%	28.04%	86.90%	15.46%	9.98%	9.81%
Net Income Growth	0.53%	-4.42%	10.22%	-98.31%	3,634.55%	90.51%	14.34%	197.50%	1.79%	9.24%	42.07%
EPS Growth	5.18%	1.48%	12.14%	-98.27%	3,225.00%	92.48%	15.63%	211.15%	8.14%	11.25%	44.40%
Operating Cash Flow Growth	9.86%	-0.35%	5.81%	-30.39%	85.12%	20.01%	59.75%	45.30%	-16.08%	4.93%	28.48%
Free Cash Flow Firm Growth	-48.59%	-44.90%	223.91%	-1,385.61%	117.24%	-14.83%	97.76%	16.15%	-5.75%	13.94%	-11.38%
Invested Capital Growth	41.13%	56.05%	-10.34%	1,083.58%	-10.53%	-4.53%	-17.06%	-11.85%	-5.02%	-7.76%	3.63%
Revenue Q/Q Growth	3.23%	2.84%	2.49%	10.38%	1.91%	2.77%	-2.17%	4.26%	3.76%	1.40%	2.10%
EBITDA Q/Q Growth	2.82%	2.96%	3.11%	3.95%	9.86%	0.40%	7.09%	1.68%	10.02%	-2.42%	1.09%
EBIT Q/Q Growth	2.51%	2.48%	3.07%	-106.48%	30.19%	0.33%	10.44%	2.46%	12.26%	-2.84%	1.13%
NOPAT Q/Q Growth	-0.86%	4.34%	-0.64%	-116.04%	-38.51%	-4.72%	16.82%	11.20%	7.45%	-5.32%	17.45%
Net Income Q/Q Growth	-1.22%	3.92%	0.37%	108.73%	-15.98%	-6.54%	24.16%	12.75%	6.24%	-5.18%	17.86%
EPS Q/Q Growth	0.50%	5.10%	0.87%	111.76%	-15.82%	-6.57%	24.89%	14.27%	7.56%	-4.48%	17.82%
Operating Cash Flow Q/Q Growth	-0.69%	2.40%	1.14%	-19.36%	5.11%	7.14%	24.48%	-1.92%	-2.80%	1.87%	8.08%
Free Cash Flow Firm Q/Q Growth	-18.92%	45.80%	-7.01%	7.23%	-45.20%	2.93%	30.95%	-6.80%	0.10%	0.71%	7.43%
Invested Capital Q/Q Growth	10.79%	1.39%	8.02%	-6.96%	2.58%	1.66%	-4.27%	2.23%	5.59%	2.43%	7.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.53%	61.21%	61.32%	60.13%	63.05%	63.48%	67.19%	69.50%	69.07%	67.78%	67.72%
EBITDA Margin	16.21%	15.79%	15.49%	7.62%	14.46%	13.99%	17.62%	27.53%	24.56%	24.33%	26.55%
Operating Margin	14.16%	13.31%	12.48%	-0.19%	6.53%	8.72%	11.96%	19.34%	20.09%	20.94%	18.45%
EBIT Margin	14.13%	13.55%	12.83%	-0.09%	7.68%	8.85%	11.82%	22.95%	20.97%	21.02%	23.25%
Profit (Net Income) Margin	9.09%	8.12%	7.92%	0.10%	3.08%	5.50%	6.51%	16.76%	14.75%	14.94%	20.00%
Tax Burden Percent	66.90%	64.52%	67.12%	-2.57%	67.61%	84.61%	81.79%	81.82%	78.64%	76.93%	90.37%
Interest Burden Percent	96.19%	92.91%	91.99%	4,436.55%	59.32%	73.42%	67.31%	89.27%	89.44%	92.41%	95.23%
Effective Tax Rate	33.10%	35.48%	32.88%	0.00%	32.39%	15.39%	18.21%	18.18%	21.36%	23.07%	9.63%
Return on Invested Capital (ROIC)	111.57%	72.26%	68.90%	-0.25%	5.57%	10.76%	15.42%	33.80%	42.72%	50.17%	56.39%
ROIC Less NNEP Spread (ROIC-NNEP)	120.13%	68.06%	65.53%	0.36%	3.19%	6.80%	6.96%	36.78%	39.40%	45.39%	81.46%
Return on Net Nonoperating Assets (RNNOA)	-41.22%	1,148.66%	-610.22%	0.87%	7.78%	15.31%	10.87%	74.80%	227.06%	144.11%	66.53%
Return on Equity (ROE)	70.34%	1,220.92%	-541.32%	0.63%	13.35%	26.08%	26.29%	108.60%	269.78%	194.28%	122.93%
Cash Return on Invested Capital (CROIC)	77.45%	28.48%	79.80%	-169.08%	16.69%	15.40%	34.08%	46.40%	47.87%	58.25%	52.83%
Operating Return on Assets (OROA)	15.49%	14.39%	13.83%	-0.06%	4.53%	5.63%	6.70%	14.75%	15.61%	16.40%	17.80%
Return on Assets (ROA)	9.97%	8.62%	8.54%	0.07%	1.82%	3.49%	3.69%	10.77%	10.98%	11.66%	15.32%
Return on Common Equity (ROCE)	70.34%	1,220.92%	-541.32%	0.63%	13.35%	26.08%	26.29%	108.60%	269.78%	194.28%	122.93%
Return on Equity Simple (ROE_SIMPLE)	114.02%	-132.65%	317.98%	0.33%	14.39%	24.86%	24.46%	213.86%	354.61%	129.65%	92.24%
Net Operating Profit after Tax (NOPAT)	191	186	205	-4.43	176	313	401	749	865	952	1,045
NOPAT Margin	9.47%	8.59%	8.38%	-0.13%	4.42%	7.38%	9.78%	15.83%	15.80%	16.11%	16.67%
Net Nonoperating Expense Percent (NNEP)	-8.57%	4.20%	3.37%	-0.60%	2.38%	3.96%	8.47%	-2.98%	3.32%	4.79%	-25.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	32.17%	30.31%	27.36%
Cost of Revenue to Revenue	39.47%	38.79%	38.68%	39.87%	36.95%	36.52%	32.81%	30.51%	30.93%	32.22%	32.28%
SG&A Expenses to Revenue	43.34%	44.51%	44.56%	48.29%	47.39%	49.55%	49.74%	45.54%	45.31%	45.73%	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	46.37%	47.89%	48.83%	60.32%	56.52%	54.76%	55.23%	50.15%	48.98%	46.84%	49.27%
Earnings before Interest and Taxes (EBIT)	286	293	314	-2.88	305	376	484	1,086	1,149	1,241	1,457
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	328	342	379	252	575	594	722	1,303	1,345	1,437	1,664
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	45.89	0.00	137.15	11.35	13.66	14.69	13.12	74.10	116.61	51.66	27.49
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)	3.66	3.47	3.42	3.37	2.92	3.25	3.49	5.81	4.85	5.95	5.96
Price to Earnings (P/E)	40.25	42.79	43.13	3,404.61	94.89	59.09	53.62	34.65	32.88	39.85	29.81
Dividend Yield	0.00%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.48%	2.34%	2.32%	0.03%	1.05%	1.69%	1.87%	2.89%	3.04%	2.51%	3.35%
Enterprise Value to Invested Capital (EV/IC)	37.02	25.40	30.49	4.18	4.62	5.52	6.61	14.06	14.36	19.95	20.09
Enterprise Value to Revenue (EV/Rev)	3.68	3.68	3.51	4.20	3.46	3.70	3.80	6.17	5.17	6.15	6.05
Enterprise Value to EBITDA (EV/EBITDA)	22.70	23.30	22.63	55.10	23.92	26.42	21.56	22.41	21.06	25.26	22.78
Enterprise Value to EBIT (EV/EBIT)	26.04	27.17	27.33	0.00	45.02	41.77	32.13	26.88	24.66	29.24	26.01
Enterprise Value to NOPAT (EV/NOPAT)	38.84	42.84	41.84	0.00	78.28	50.10	38.84	38.97	32.74	38.15	36.27
Enterprise Value to Operating Cash Flow (EV/OCF)	21.44	23.04	23.44	54.63	29.17	27.74	17.24	22.25	25.72	31.41	25.52
Enterprise Value to Free Cash Flow (EV/FCFF)	55.95	108.71	36.13	0.00	26.14	35.03	17.58	28.39	29.22	32.87	38.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.51	-6.18	11.41	3.33	2.68	2.33	1.81	6.64	10.81	3.61	1.81
Long-Term Debt to Equity	2.39	-5.92	10.91	2.95	2.49	2.18	1.80	6.62	10.77	3.60	1.81
Financial Leverage	-0.34	16.88	-9.31	2.45	2.44	2.25	1.56	2.03	5.76	3.18	0.82
Leverage Ratio	7.06	141.56	-63.42	9.24	7.35	7.46	7.13	10.08	24.57	16.66	8.03
Compound Leverage Factor	6.79	131.52	-58.34	409.97	4.36	5.48	4.80	9.00	21.98	15.40	7.64
Debt to Total Capital	71.53%	119.29%	91.94%	76.93%	72.84%	69.94%	64.47%	86.91%	91.53%	78.32%	64.41%
Short-Term Debt to Total Capital	3.53%	5.10%	3.97%	8.91%	5.29%	4.48%	0.67%	0.21%	0.29%	0.31%	0.00%
Long-Term Debt to Total Capital	68.00%	114.19%	87.97%	68.02%	67.55%	65.46%	63.80%	86.70%	91.24%	78.01%	64.41%
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	28.47%	-19.29%	8.06%	23.07%	27.16%	30.06%	35.53%	13.09%	8.47%	21.68%	35.59%
Debt to EBITDA	1.24	2.40	1.83	12.99	3.97	3.68	2.74	1.89	1.83	1.71	1.48
Net Debt to EBITDA	0.12	1.31	0.58	10.86	3.70	3.20	1.75	1.31	1.31	0.79	0.32
Long-Term Debt to EBITDA	1.18	2.29	1.75	11.49	3.68	3.44	2.71	1.89	1.82	1.70	1.48
Debt to NOPAT	2.12	4.41	3.39	-740.10	12.99	6.97	4.94	3.29	2.85	2.58	2.35
Net Debt to NOPAT	0.21	2.40	1.08	-618.45	12.10	6.08	3.16	2.28	2.04	1.20	0.50
Long-Term Debt to NOPAT	2.01	4.22	3.24	-654.39	12.05	6.53	4.88	3.28	2.84	2.57	2.35
Altman Z-Score	4.96	4.24	4.55	1.79	2.35	2.35	2.49	3.92	4.13	5.02	5.44
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	0.90	0.86	0.92	0.92	0.69	0.71	0.79	0.78	0.77	0.91	1.06
Quick Ratio	0.75	0.72	0.77	0.61	0.54	0.56	0.66	0.63	0.63	0.77	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	133	73	237	-3,050	526	448	886	1,029	969	1,105	979
Operating Cash Flow to CapEx	901.05%	749.14%	733.27%	229.78%	371.36%	379.45%	1,076.77%	2,193.52%	1,019.36%	1,120.73%	1,459.57%
Free Cash Flow to Firm to Interest Expense	10.81	3.25	8.61	-23.84	4.15	4.36	5.52	8.68	7.68	8.32	7.47
Operating Cash Flow to Interest Expense	28.19	15.33	13.26	1.99	3.72	5.50	5.63	11.07	8.73	8.70	11.33
Operating Cash Flow Less CapEx to Interest Expense	25.06	13.28	11.46	1.12	2.72	4.05	5.11	10.57	7.87	7.93	10.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.10	1.06	1.08	0.69	0.59	0.64	0.57	0.64	0.74	0.78	0.77
Accounts Receivable Turnover	3.88	3.82	4.00	3.64	3.27	3.29	3.19	3.63	3.75	3.74	3.80
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	21.31	20.93	21.23	19.30	16.25	13.87	12.03	15.51	20.35	22.40	24.79
Accounts Payable Turnover	2.35	2.26	2.28	2.38	2.13	2.07	1.54	1.38	1.51	1.70	1.73
Days Sales Outstanding (DSO)	94.17	95.58	91.36	100.29	111.64	110.96	114.30	100.49	97.38	97.57	96.02
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)	155.26	161.27	159.88	153.11	171.09	176.42	236.26	263.78	242.43	215.06	210.53
Cash Conversion Cycle (CCC)	-61.09	-65.68	-68.52	-52.82	-59.44	-65.46	-121.96	-163.29	-145.05	-117.49	-114.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	201	313	281	3,326	2,976	2,841	2,357	2,077	1,973	1,820	1,886
Invested Capital Turnover	11.78	8.41	8.22	1.84	1.26	1.46	1.58	2.14	2.70	3.11	3.38
Increase / (Decrease) in Invested Capital	59	113	-32	3,045	-350	-135	-485	-279	-104	-153	66
Enterprise Value (EV)	7,436	7,961	8,570	13,904	13,745	15,687	15,569	29,200	28,327	36,303	37,896
Market Capitalization	7,397	7,515	8,349	11,164	11,620	13,785	14,303	27,494	26,563	35,163	37,369
Book Value per Share	$1.83	($1.60)	$0.74	$10.85	$9.36	$10.49	$12.21	$4.51	$2.88	$8.73	$17.62
Tangible Book Value per Share	($5.18)	($11.40)	($9.13)	($36.36)	($34.27)	($32.69)	($29.82)	($40.06)	($41.60)	($35.39)	($25.68)
Total Capital	566	686	755	4,262	3,132	3,122	3,069	2,834	2,689	3,139	3,819
Total Debt	405	819	694	3,279	2,282	2,184	1,979	2,463	2,461	2,458	2,460
Total Long-Term Debt	385	784	664	2,899	2,116	2,044	1,958	2,457	2,454	2,449	2,460
Net Debt	40	446	220	2,740	2,125	1,903	1,266	1,706	1,763	1,139	527
Capital Expenditures (CapEx)	38	46	50	111	127	149	84	60	108	103	102
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-464	-520	-561	-393	-800	-979	-1,317	-1,509	-1,502	-1,659	-1,706
Debt-free Net Working Capital (DFNWC)	-99	-147	-87	146	-644	-698	-604	-753	-804	-340	228
Net Working Capital (NWC)	-119	-182	-117	-234	-809	-838	-624	-759	-811	-350	228
Net Nonoperating Expense (NNE)	7.68	10	11	-7.71	53	80	134	-44	57	69	-209
Net Nonoperating Obligations (NNO)	40	446	220	2,343	2,125	1,903	1,266	1,706	1,745	1,139	527
Total Depreciation and Amortization (D&A)	42	49	65	255	269	218	238	217	197	196	207
Debt-free, Cash-free Net Working Capital to Revenue	-22.95%	-24.06%	-22.96%	-11.87%	-20.12%	-23.06%	-32.11%	-31.88%	-27.42%	-28.09%	-27.21%
Debt-free Net Working Capital to Revenue	-4.88%	-6.82%	-3.56%	4.40%	-16.19%	-16.44%	-14.73%	-15.90%	-14.68%	-5.76%	3.63%
Net Working Capital to Revenue	-5.87%	-8.44%	-4.79%	-7.07%	-20.35%	-19.73%	-15.23%	-16.03%	-14.82%	-5.92%	3.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.06	$2.09	$2.34	$0.04	$1.35	$2.60	$2.99	$9.33	$10.08	$11.17	$16.12
Adjusted Weighted Average Basic Shares Outstanding	89.34M	83.85M	82.57M	88.47M	90.83M	89.82M	89.32M	85.03M	80.18M	79.00M	77.79M
Adjusted Diluted Earnings per Share	$2.03	$2.06	$2.31	$0.04	$1.33	$2.56	$2.96	$9.21	$9.96	$11.08	$16.00
Adjusted Weighted Average Diluted Shares Outstanding	90.72M	85.06M	83.82M	89.79M	92.12M	90.97M	90.02M	86.18M	81.07M	79.68M	78.34M
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	87.52M	82.34M	82.65M	90.83M	89.71M	89.10M	88.72M	82.29M	79.06M	77.97M	76.82M
Normalized Net Operating Profit after Tax (NOPAT)	206	203	233	106	248	321	406	754	872	959	1,046
Normalized NOPAT Margin	10.19%	9.37%	9.55%	3.22%	6.24%	7.56%	9.90%	15.93%	15.93%	16.23%	16.69%
Pre Tax Income Margin	13.59%	12.58%	11.80%	-3.86%	4.56%	6.50%	7.96%	20.49%	18.76%	19.42%	22.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	23.22	12.99	11.37	-0.02	2.41	3.65	3.02	9.17	9.10	9.35	11.12
NOPAT to Interest Expense	15.56	8.24	7.43	-0.03	1.39	3.04	2.50	6.32	6.86	7.17	7.97
EBIT Less CapEx to Interest Expense	20.09	10.95	9.57	-0.89	1.41	2.20	2.50	8.66	8.24	8.57	10.34
NOPAT Less CapEx to Interest Expense	12.44	6.20	5.62	-0.90	0.38	1.60	1.98	5.82	6.00	6.39	7.20
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	235.08%	289.83%	30.46%	1,258.68%	213.00%	85.32%	66.09%	208.62%	129.21%	68.69%	58.65%

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.19%	11.57%	9.20%	5.78%	5.41%	4.55%	6.11%	5.36%	8.13%	4.16%	5.73%
EBITDA Growth	46.88%	54.24%	-5.08%	-4.74%	-9.29%	-27.79%	10.21%	101.72%	5.16%	0.79%	2.84%
EBIT Growth	60.15%	65.82%	-5.56%	-6.12%	-10.87%	-31.78%	10.60%	121.21%	5.45%	0.59%	3.23%
NOPAT Growth	28.03%	81.60%	-3.79%	3.42%	-19.18%	-29.80%	15.18%	-1.20%	85.14%	-1.13%	1.37%
Net Income Growth	22.67%	71.45%	-3.36%	3.72%	-18.76%	-28.82%	15.91%	130.57%	91.04%	0.19%	4.89%
EPS Growth	28.23%	76.92%	-1.98%	4.15%	-16.35%	-27.45%	18.15%	135.40%	90.98%	1.50%	6.14%
Operating Cash Flow Growth	-13.49%	-1.85%	4.85%	5.09%	10.45%	14.67%	-15.10%	78.51%	49.49%	66.02%	3.68%
Free Cash Flow Firm Growth	-22.78%	-13.77%	-34.78%	-18.45%	-1.31%	-19.43%	-16.11%	-25.23%	-6.84%	-9.87%	28.02%
Invested Capital Growth	-5.02%	-3.97%	-4.35%	-4.91%	-7.76%	-4.94%	-0.27%	-1.21%	3.63%	-3.69%	-3.84%
Revenue Q/Q Growth	12.98%	-6.37%	6.69%	-6.28%	12.59%	-7.14%	8.29%	-6.94%	15.55%	-10.55%	9.93%
EBITDA Q/Q Growth	23.54%	18.91%	-26.29%	-12.02%	17.65%	-5.35%	12.50%	61.02%	-38.67%	-9.28%	14.80%
EBIT Q/Q Growth	27.33%	22.34%	-29.36%	-14.68%	20.88%	-6.37%	14.53%	70.64%	-42.37%	-10.68%	17.54%
NOPAT Q/Q Growth	48.07%	12.78%	-32.93%	-7.67%	15.72%	-2.05%	10.05%	-20.80%	116.84%	-47.69%	12.83%
Net Income Q/Q Growth	47.98%	15.17%	-33.04%	-9.11%	15.90%	0.92%	9.03%	80.81%	-3.97%	-47.08%	14.15%
EPS Q/Q Growth	46.54%	15.72%	-32.61%	-8.87%	17.70%	0.38%	9.74%	81.57%	-4.51%	-46.65%	14.76%
Operating Cash Flow Q/Q Growth	-35.50%	-18.92%	164.63%	-24.06%	-32.22%	-15.82%	95.92%	59.68%	-43.23%	-6.51%	22.34%
Free Cash Flow Firm Q/Q Growth	9.08%	4.15%	-25.79%	-3.27%	32.01%	-14.97%	-22.74%	-13.78%	64.48%	-17.73%	9.74%
Invested Capital Q/Q Growth	5.59%	3.40%	-8.15%	-5.18%	2.43%	6.56%	-3.64%	-6.07%	7.44%	-0.96%	-3.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.41%	69.11%	67.57%	68.00%	66.60%	68.81%	67.82%	67.98%	66.48%	69.04%	68.47%
EBITDA Margin	25.51%	32.40%	22.38%	21.01%	21.96%	22.38%	23.25%	40.23%	21.35%	21.65%	22.61%
Operating Margin	22.09%	28.96%	18.83%	17.35%	19.00%	18.59%	19.99%	16.56%	18.53%	18.12%	19.40%
EBIT Margin	22.20%	29.01%	19.20%	17.48%	18.77%	18.93%	20.02%	36.71%	18.31%	18.28%	19.54%
Profit (Net Income) Margin	17.07%	20.99%	13.17%	12.78%	13.15%	14.29%	14.39%	27.96%	23.24%	13.75%	14.28%
Tax Burden Percent	84.44%	77.58%	74.98%	80.19%	75.25%	81.12%	76.70%	78.78%	132.13%	79.00%	75.77%
Interest Burden Percent	91.04%	93.30%	91.49%	91.14%	93.12%	93.11%	93.74%	96.70%	96.08%	95.22%	96.42%
Effective Tax Rate	15.56%	22.42%	25.02%	19.81%	24.75%	18.88%	23.30%	21.22%	-32.13%	21.00%	24.23%
Return on Invested Capital (ROIC)	50.43%	60.65%	42.36%	44.47%	44.54%	45.27%	49.66%	45.35%	82.81%	47.60%	51.47%
ROIC Less NNEP Spread (ROIC-NNEP)	49.05%	59.49%	41.52%	43.45%	43.28%	44.43%	48.47%	68.64%	80.25%	46.51%	50.52%
Return on Net Nonoperating Assets (RNNOA)	282.68%	359.71%	317.20%	272.25%	137.42%	104.02%	98.64%	79.98%	65.55%	33.39%	34.46%
Return on Equity (ROE)	333.11%	420.36%	359.56%	316.72%	181.96%	149.28%	148.30%	125.33%	148.36%	80.99%	85.94%
Cash Return on Invested Capital (CROIC)	47.87%	52.42%	56.56%	60.17%	58.25%	48.16%	47.81%	51.59%	52.83%	58.57%	61.00%
Operating Return on Assets (OROA)	16.52%	22.71%	15.83%	14.79%	14.65%	14.98%	16.42%	29.86%	14.02%	14.29%	15.92%
Return on Assets (ROA)	12.70%	16.43%	10.86%	10.81%	10.27%	11.31%	11.80%	22.75%	17.79%	10.75%	11.63%
Return on Common Equity (ROCE)	333.11%	420.36%	359.56%	316.72%	181.96%	149.28%	148.30%	125.33%	148.36%	80.99%	85.94%
Return on Equity Simple (ROE_SIMPLE)	0.00%	196.90%	157.57%	164.24%	0.00%	111.01%	128.16%	99.91%	0.00%	83.73%	0.00%
Net Operating Profit after Tax (NOPAT)	281	316	212	196	227	222	244	194	420	220	248
NOPAT Margin	18.65%	22.46%	14.12%	13.91%	14.30%	15.08%	15.33%	13.05%	24.48%	14.32%	14.70%
Net Nonoperating Expense Percent (NNEP)	1.38%	1.16%	0.84%	1.02%	1.26%	0.83%	1.19%	-23.30%	2.56%	1.09%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	10.44%	-	-	-	7.23%	-	-	-	11.00%	5.55%	6.20%
Cost of Revenue to Revenue	31.59%	30.89%	32.43%	32.00%	33.41%	31.19%	32.18%	32.02%	33.52%	30.96%	31.53%
SG&A Expenses to Revenue	42.87%	46.64%	45.25%	46.89%	44.37%	46.83%	44.64%	47.95%	44.96%	47.60%	46.07%
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	46.32%	40.16%	48.74%	50.65%	47.59%	50.21%	47.83%	51.41%	47.95%	50.91%	49.08%
Earnings before Interest and Taxes (EBIT)	334	409	289	246	298	279	319	545	314	280	330
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	384	456	336	296	348	330	371	597	366	332	381
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	116.61	54.47	47.21	47.80	51.66	51.74	53.91	36.68	27.49	21.53	20.30
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)	4.85	4.58	4.82	4.65	5.95	6.22	5.75	6.36	5.96	5.09	4.85
Price to Earnings (P/E)	32.88	27.66	29.96	29.10	39.85	46.61	42.07	36.71	29.81	25.71	24.59
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	3.04%	3.62%	3.34%	3.44%	2.51%	2.15%	2.38%	2.72%	3.35%	3.89%	4.07%
Enterprise Value to Invested Capital (EV/IC)	14.36	13.39	15.46	15.92	19.95	19.79	19.31	22.64	20.09	17.46	17.46
Enterprise Value to Revenue (EV/Rev)	5.17	4.86	5.04	4.86	6.15	6.43	5.95	6.47	6.05	5.15	4.89
Enterprise Value to EBITDA (EV/EBITDA)	21.06	18.15	19.48	19.21	25.26	29.29	26.83	24.15	22.78	19.57	18.71
Enterprise Value to EBIT (EV/EBIT)	24.66	20.85	22.40	22.15	29.24	34.53	31.59	27.59	26.01	22.36	21.36
Enterprise Value to NOPAT (EV/NOPAT)	32.74	27.13	29.02	28.15	38.15	44.76	40.56	44.67	36.27	31.26	29.99
Enterprise Value to Operating Cash Flow (EV/OCF)	25.72	24.88	25.91	24.94	31.41	32.53	32.39	28.93	25.52	20.26	19.33
Enterprise Value to Free Cash Flow (EV/FCFF)	29.22	25.03	26.73	25.80	32.87	40.05	40.33	43.61	38.71	29.25	28.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	10.81	5.20	4.19	4.34	3.61	3.42	3.80	2.31	1.81	1.64	1.61
Long-Term Debt to Equity	10.77	5.19	4.18	4.32	3.60	3.42	3.80	2.31	1.81	1.64	1.61
Financial Leverage	5.76	6.05	7.64	6.27	3.18	2.34	2.03	1.17	0.82	0.72	0.68
Leverage Ratio	24.57	24.30	31.44	27.45	16.66	12.67	11.99	9.25	8.03	7.31	7.23
Compound Leverage Factor	22.37	22.68	28.76	25.02	15.52	11.80	11.24	8.95	7.71	6.96	6.97
Debt to Total Capital	91.53%	83.88%	80.75%	81.28%	78.32%	77.38%	79.17%	69.78%	64.41%	62.16%	61.63%
Short-Term Debt to Total Capital	0.29%	0.29%	0.30%	0.32%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Long-Term Debt to Total Capital	91.24%	83.60%	80.45%	80.96%	78.01%	77.38%	79.17%	69.78%	64.41%	62.16%	61.62%
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	8.47%	16.12%	19.25%	18.72%	21.68%	22.62%	20.83%	30.22%	35.59%	37.84%	38.37%
Debt to EBITDA	1.83	1.63	1.65	1.67	1.71	1.88	1.83	1.49	1.48	1.48	1.47
Net Debt to EBITDA	1.31	1.04	0.87	0.82	0.79	0.93	0.91	0.42	0.32	0.22	0.16
Long-Term Debt to EBITDA	1.82	1.63	1.65	1.66	1.70	1.88	1.83	1.49	1.48	1.48	1.47
Debt to NOPAT	2.85	2.44	2.46	2.45	2.58	2.87	2.76	2.76	2.35	2.36	2.35
Net Debt to NOPAT	2.04	1.56	1.29	1.20	1.20	1.42	1.37	0.78	0.50	0.35	0.25
Long-Term Debt to NOPAT	2.84	2.44	2.45	2.44	2.57	2.87	2.76	2.76	2.35	2.36	2.35
Altman Z-Score	3.76	3.88	4.12	4.15	4.62	4.93	4.96	5.48	5.00	4.70	4.79
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	0.77	0.84	0.87	0.86	0.91	0.91	0.90	1.02	1.06	1.09	1.11
Quick Ratio	0.63	0.70	0.73	0.72	0.77	0.77	0.76	0.89	0.91	0.95	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	385	401	297	288	380	323	250	215	354	291	319
Operating Cash Flow to CapEx	540.34%	779.66%	1,704.14%	1,163.21%	801.78%	833.35%	1,259.80%	2,292.55%	1,400.76%	1,226.14%	1,058.17%
Free Cash Flow to Firm to Interest Expense	11.06	14.64	12.11	13.19	6.44	16.81	12.48	11.98	4.79	21.71	27.07
Operating Cash Flow to Interest Expense	5.84	6.01	17.75	15.17	3.80	9.83	18.51	32.89	4.54	23.37	32.50
Operating Cash Flow Less CapEx to Interest Expense	4.76	5.24	16.70	13.86	3.33	8.65	17.04	31.46	4.22	21.47	29.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.78	0.82	0.85	0.78	0.79	0.82	0.81	0.77	0.78	0.81
Accounts Receivable Turnover	3.75	3.95	4.70	5.33	3.74	3.87	4.53	5.02	3.80	4.12	4.81
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	20.35	21.82	22.59	22.58	22.40	23.26	23.45	23.89	24.79	25.01	25.06
Accounts Payable Turnover	1.51	2.10	2.26	2.10	1.70	2.29	2.35	2.18	1.73	2.38	2.37
Days Sales Outstanding (DSO)	97.38	92.51	77.58	68.54	97.57	94.43	80.55	72.73	96.02	88.52	75.83
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)	242.43	174.08	161.33	173.49	215.06	159.35	155.47	167.78	210.53	153.39	154.13
Cash Conversion Cycle (CCC)	-145.05	-81.57	-83.75	-104.95	-117.49	-64.93	-74.92	-95.05	-114.51	-64.87	-78.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,973	2,040	1,874	1,777	1,820	1,939	1,869	1,755	1,886	1,868	1,797
Invested Capital Turnover	2.70	2.70	3.00	3.20	3.11	3.00	3.24	3.48	3.38	3.32	3.50
Increase / (Decrease) in Invested Capital	-104	-84	-85	-92	-153	-101	-5.07	-22	66	-71	-72
Enterprise Value (EV)	28,327	27,323	28,977	28,295	36,303	38,377	36,083	39,741	37,896	32,614	31,376
Market Capitalization	26,563	25,756	27,689	27,085	35,163	37,156	34,861	39,051	37,369	32,244	31,112
Book Value per Share	$2.88	$5.98	$7.42	$7.19	$8.73	$9.17	$8.33	$13.82	$17.62	$19.50	$19.91
Tangible Book Value per Share	($41.60)	($38.21)	($36.60)	($36.61)	($35.39)	($34.39)	($35.33)	($30.02)	($25.68)	($23.78)	($23.14)
Total Capital	2,689	2,934	3,047	3,026	3,139	3,175	3,105	3,524	3,819	3,959	3,995
Total Debt	2,461	2,461	2,460	2,460	2,458	2,457	2,458	2,459	2,460	2,461	2,462
Total Long-Term Debt	2,454	2,452	2,451	2,450	2,449	2,457	2,458	2,459	2,460	2,461	2,462
Net Debt	1,763	1,567	1,287	1,210	1,139	1,221	1,222	691	527	370	264
Capital Expenditures (CapEx)	38	21	26	28	28	23	29	26	24	26	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,502	-1,436	-1,602	-1,715	-1,659	-1,550	-1,589	-1,689	-1,706	-1,751	-1,817
Debt-free Net Working Capital (DFNWC)	-804	-543	-429	-466	-340	-314	-353	80	228	340	381
Net Working Capital (NWC)	-811	-551	-438	-475	-350	-314	-353	80	228	340	380
Net Nonoperating Expense (NNE)	24	21	14	16	18	12	15	-221	21	8.71	7.05
Net Nonoperating Obligations (NNO)	1,745	1,567	1,287	1,210	1,139	1,221	1,222	691	527	370	264
Total Depreciation and Amortization (D&A)	50	48	48	50	51	51	52	52	52	52	52
Debt-free, Cash-free Net Working Capital to Revenue	-27.42%	-25.54%	-27.87%	-29.44%	-28.09%	-25.96%	-26.21%	-27.51%	-27.21%	-27.66%	-28.30%
Debt-free Net Working Capital to Revenue	-14.68%	-9.65%	-7.46%	-7.99%	-5.76%	-5.26%	-5.82%	1.30%	3.63%	5.38%	5.93%
Net Working Capital to Revenue	-14.82%	-9.80%	-7.62%	-8.16%	-5.92%	-5.26%	-5.82%	1.30%	3.63%	5.38%	5.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.24	$3.72	$2.50	$2.28	$2.67	$2.69	$2.95	$5.36	$5.12	$2.73	$3.12
Adjusted Weighted Average Basic Shares Outstanding	80.18M	79.45M	79.29M	78.92M	79.00M	78.34M	77.82M	77.48M	77.79M	77.36M	77.16M
Adjusted Diluted Earnings per Share	$3.18	$3.68	$2.48	$2.26	$2.66	$2.67	$2.93	$5.32	$5.08	$2.71	$3.11
Adjusted Weighted Average Diluted Shares Outstanding	81.07M	80.28M	79.82M	79.52M	79.68M	78.96M	78.29M	77.97M	78.34M	77.79M	77.36M
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	79.06M	79.04M	78.83M	77.95M	77.97M	77.63M	77.06M	77.13M	76.82M	76.97M	75.74M
Normalized Net Operating Profit after Tax (NOPAT)	283	318	214	200	228	223	245	194	222	220	248
Normalized NOPAT Margin	18.83%	22.54%	14.22%	14.17%	14.38%	15.11%	15.35%	13.06%	12.97%	14.32%	14.70%
Pre Tax Income Margin	20.21%	27.06%	17.57%	15.93%	17.48%	17.62%	18.76%	35.50%	17.59%	17.40%	18.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.60	14.92	11.76	11.29	5.05	14.51	15.97	30.33	4.25	20.91	27.93
NOPAT to Interest Expense	8.06	11.55	8.64	8.98	3.84	11.56	12.23	10.78	5.68	16.38	21.00
EBIT Less CapEx to Interest Expense	8.52	14.15	10.71	9.98	4.57	13.33	14.50	28.90	3.93	19.00	24.86
NOPAT Less CapEx to Interest Expense	6.98	10.78	7.60	7.68	3.37	10.38	10.76	9.35	5.36	14.47	17.93
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	129.21%	75.13%	38.11%	49.97%	68.69%	90.87%	112.53%	74.44%	58.65%	53.66%	48.03%

Key Financial Trends

Gartner Inc. (NYSE: IT) has demonstrated consistent revenue growth over the last few years, with total revenue increasing from approximately $1.33 billion in Q3 2022 to $1.69 billion in Q2 2025. This steady top-line expansion reflects the company's effective market positioning and demand for its services.

Income and Profitability Trends:

Net income has generally trended upward, reaching $241 million in Q2 2025, up from $173 million in Q3 2022, indicating improving profitability.
Gross profit margins remain strong, consistently over $900 million quarterly, supported by a relatively stable cost of revenue ratio.
Operating expenses, including selling, general, & administrative costs, have increased but remain proportional to revenue growth.
Interest expense has fluctuated and remains a notable cost, with $11.8 million in Q2 2025, indicating some level of debt financing costs.

Cash Flow and Capital Allocation:

Cash flow from continuing operations increased significantly to $384 million in Q2 2025 from $315 million in Q1 2025, reflecting strong cash generation from core operations.
Significant share repurchases occurred, with $274 million spent in Q2 2025 and substantial repurchases over previous quarters, reducing cash reserves but potentially supporting shareholder value.
Investments in property, plant, and equipment remain sizable (approx. $36 million in Q2 2025), which may impact free cash flow in the short term.
Issuance of common equity is minimal, suggesting limited dilution of shares.

Balance Sheet and Financial Position:

Cash and equivalents grew from $528 million in Q3 2022 to nearly $2.2 billion in Q2 2025, indicating a strong liquidity position.
Total liabilities increased from around $6.6 billion in Q3 2022 to approximately $6.8 billion in Q2 2025, mainly due to consistent long-term debt of about $2.4 billion, which represents financial leverage.
Equity position improved marginally but remains modest relative to liabilities, highlighting leverage and treasury stock impacts.

Summary:

Over the past several years, Gartner Inc. has exhibited consistent revenue and net income growth, supported by strong operating cash flows. The company is actively investing in its infrastructure and returning capital to shareholders via substantial share buybacks. While the increasing liabilities and ongoing interest expenses suggest moderate leverage considerations, the healthy liquidity and improving profitability signal a stable financial footing. Retail investors may view Gartner's financial trends positively due to the company’s revenue growth, cash flow strength, and shareholder-friendly capital allocation, with cautious attention advised regarding debt levels and capital expenditures.

08/09/25 03:56 PMAI Generated. May Contain Errors.

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 10 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 $183.77 million in 2014. The previous period was $882.47 million in 2023. Find out what analysts predict for Gartner in the coming months.

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's revenue changed over the last 10 years?

Over the last 10 years, Gartner's total revenue changed from $2.02 billion in 2014 to $6.27 billion in 2024, a change of 210.0%.

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 311.6% increase since 2014.

How much cash does Gartner have?

In the past 10 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 10 years?

Over the last 10 years, Gartner's book value per share changed from 1.83 in 2014 to 17.62 in 2024, a change of 862.4%.

Related Companies

This page (NYSE:IT) was last updated on 8/9/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Gartner (IT) Financials

Key Financial Trends

Frequently Asked Questions About Gartner's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Gartner (IT) Financials

Annual Income Statements for Gartner

Quarterly Income Statements for Gartner

Annual Cash Flow Statements for Gartner

Quarterly Cash Flow Statements for Gartner

Annual Balance Sheets for Gartner

Quarterly Balance Sheets for Gartner

Annual Metrics And Ratios for Gartner

Quarterly Metrics And Ratios for Gartner

Key Financial Trends

Frequently Asked Questions About Gartner's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools