Arthur J. Gallagher & Co. is experiencing accelerating revenue growth, with Q2 2026 revenue up 24.3% year-over-year, driven by a hard market and strategic acquisitions. However, the company's earnings quality is questionable, as the OCF/NI ratio plummeted to 0...
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Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 24.3% year-over-year in Q2 2026, but EPS declined 10.7% due to an EPS miss of $2.84 versus $3.08 consensus, indicating wage inflation is compressing margins despite a combined ratio of 85.3%.
AJG’s insurance brokerage business is built on fee‑based, recurring revenue that is largely non‑discretionary. This structure creates sticky customer relationships and delivers consistent free cash flow even during economic cycles.
The company has repeatedly demonstrated organic growth while expanding its profit margins. This disciplined execution positions AJG as a defensive play in the current market environment.
AJG pursues acquisitions with a modest goodwill‑to‑assets ratio, avoiding overpayment. Effective integration of these deals fuels continued growth without diluting earnings quality.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $2.84+1.1% vs $2.81 | $4.0B-1.3% vs $4.0B |
Q2 2026 Apr 30, 2026 | $4.47+0.9% vs $4.43 | $4.7B-0.3% vs $4.7B |
Q1 2026 Jan 29, 2026 | $2.38+1.3% vs $2.35 | $3.6B-0.3% vs $3.6B |
Q4 2025 Oct 30, 2025 | $2.32-7.6% vs $2.51 | $3.4B+0.9% vs $3.3B |
Arthur J. Gallagher and Co. (NYSE: AJG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average
Arthur J. Gallagher & Co. NYSE: AJG said its diversified brokerage, benefits, reinsurance and claims-management operations continue to support growth despite easing property insurance pricing, with the company projecting approximately 6% organic growth in the third quarter.
Arthur J. Gallagher & Co. (AJG) Discusses Business Strategies, Insurance Market Conditions, and Financial Outlook Transcript
Corebridge Financial (NYSE: CRBG - Get Free Report) and Arthur J. Gallagher and Co. (NYSE: AJG - Get Free Report) are both large-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, analyst recommendations, risk, earnings, valuation, institutional ownership and dividends. Earnings and Valuation This
Benchmark AJG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Arthur J. Gallagher & Co. (AJG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $226.11 | $58.09B | 39.32 | 20.66% | 10.72% | 6.86% | 1.13% | |
| $174.06 | $85.27B | 21.28 | 7.57% | 15.6% | 26.87% | — | |
| $269.45 | $57.16B | 15.83 | 9.45% | 22.27% | 41.97% | — | |
| $288.61 | $27.26B | 17.75 | -2.24% | 15.49% | 19.75% | — | |
| $59.91 | $20.05B | 18.96 | 26.59% | 17.59% | 9.6% | — | |
| $37.67 | $10.49B | 80.15 | 21.28% | 5.84% | 15.93% | — |
Arthur J. Gallagher & Co. (AJG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Arthur J. Gallagher & Co. (AJG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jul 29, 2026·SEC
Jun 17, 2026·SEC
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Arthur J. Gallagher & Co. (AJG) stock FAQ — growth, dividends, profitability & financials explained
Arthur J. Gallagher & Co. (AJG) grew revenue by 20.7% over the past year. This is strong growth.
Yes, Arthur J. Gallagher & Co. (AJG) is profitable, generating $1.57B in net income for fiscal year 2025 (10.7% net margin).
Yes, Arthur J. Gallagher & Co. (AJG) pays a dividend with a yield of 1.13%. This makes it attractive for income-focused investors.
Arthur J. Gallagher & Co. (AJG) has a return on equity (ROE) of 6.9%. This is below average, suggesting room for improvement.
Arthur J. Gallagher & Co. (AJG) has a combined ratio of 81.7%. A ratio below 100% indicates underwriting profitability.
