Gartner, Inc. (IT) 10-Year Financial Performance & Capital Metrics

IT • • Industrial / General

TechnologyIT ServicesResearch & Advisory ServicesTechnology Research & Intelligence

AboutGartner, Inc. operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts. The Conferences segment offers business professionals in an organization the opportunity to learn, share, and network. The Consulting segment offers market research, custom analysis, and on-the-ground support services. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut.Show more

Revenue $6.27B +6.1%
EBITDA $1.36B -4.9%
Net Income $1.25B +42.1%
EPS (Diluted) 16.00 +44.4%
Gross Margin 67.72%
EBITDA Margin 21.68% -10.3%
Operating Margin 18.45% -11.9%
Net Margin 20% +33.9%
ROE 122.93% -36.7%
ROIC 36.45% +0.6%
Debt/Equity 2.13 -52.7%
Interest Coverage 8.82 -5.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 195.7%
✓Strong 5Y profit CAGR of 40.0%
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 22.1% free cash flow margin
✓Healthy 5Y average net margin of 14.6%

✗Weaknesses

✗High debt to equity ratio of 2.1x
✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high
✗Expensive at 13.3x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.98%

5Y8.1%

3Y9.8%

TTM5.24%

Profit (Net Income) CAGR

10Y21.17%

5Y39.98%

3Y16.47%

TTM-16.74%

EPS CAGR

10Y22.93%

5Y44.27%

3Y20.21%

TTM-15.93%

ROCE

10Y Avg20.8%

5Y Avg24.04%

3Y Avg29.04%

Latest26.82%

Peer Comparison

Technology Research & Intelligence

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IIIInformation Services Group, Inc.	291.14M	6.08	101.33	-14.94%	4.05%	10.32%	5.85%	0.67
HCKTThe Hackett Group, Inc.	511.77M	20.39	19.42	5.82%	3.54%	10.74%	8.53%	0.14
ITGartner, Inc.	16.61B	230.38	14.40	6.1%	13.71%	159.13%	8.33%	2.13
NOTEFiscalNote Holdings, Inc.	24.78M	1.65	1.99	-9.33%	-54.31%	-73.85%		1.77
CLVTClarivate Plc	2.13B	3.22	-3.35	-2.74%	-15.83%	-8.08%	16.79%	0.89
NIQNIQ Global Intelligence Plc	5.16B	17.49	-5.28	18.89%	-11.24%	-106.47%		8.89

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.16B	2.44B	3.31B	3.98B	4.25B	4.1B	4.73B	5.48B	5.91B	6.27B
Revenue Growth %	0.07%	0.13%	0.35%	0.2%	0.07%	-0.03%	0.15%	0.16%	0.08%	0.06%
Cost of Goods Sold+	839.08M	945.65M	1.32B	1.47B	1.55B	1.35B	1.44B	1.69B	1.9B	2.02B
COGS % of Revenue	0.39%	0.39%	0.4%	0.37%	0.37%	0.33%	0.31%	0.31%	0.32%	0.32%
Gross Profit+	1.32B	1.5B	1.99B	2.51B	2.69B	2.75B	3.29B	3.78B	4B	4.24B
Gross Margin %	0.61%	0.61%	0.6%	0.63%	0.63%	0.67%	0.69%	0.69%	0.68%	0.68%
Gross Profit Growth %	0.08%	0.13%	0.33%	0.26%	0.08%	0.02%	0.19%	0.15%	0.06%	0.06%
Operating Expenses+	1.04B	1.19B	2B	2.25B	2.32B	2.26B	2.37B	2.68B	2.77B	3.09B
OpEx % of Revenue	0.48%	0.49%	0.6%	0.57%	0.55%	0.55%	0.5%	0.49%	0.47%	0.49%
Selling, General & Admin	962.68M	1.09B	1.6B	1.88B	2.1B	2.04B	2.16B	2.48B	2.7B	2.88B
SG&A % of Revenue	0.45%	0.45%	0.48%	0.47%	0.5%	0.5%	0.46%	0.45%	0.46%	0.46%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	73.31M	104.57M	398.62M	362.8M	221.24M	225.27M	218.46M	201.03M	65.28M	203.29M
Operating Income+	288M	305.14M	-6.33M	259.71M	370.09M	490.15M	915.75M	1.1B	1.24B	1.16B
Operating Margin %	0.13%	0.12%	-0%	0.07%	0.09%	0.12%	0.19%	0.2%	0.21%	0.18%
Operating Income Growth %	0.01%	0.06%	-1.02%	42.04%	0.42%	0.32%	0.87%	0.2%	0.12%	-0.07%
EBITDA+	335.13M	367.11M	233.84M	515.32M	581.87M	709.13M	1.13B	1.29B	1.43B	1.36B
EBITDA Margin %	0.15%	0.15%	0.07%	0.13%	0.14%	0.17%	0.24%	0.24%	0.24%	0.22%
EBITDA Growth %	0.03%	0.1%	-0.36%	1.2%	0.13%	0.22%	0.59%	0.15%	0.11%	-0.05%
D&A (Non-Cash Add-back)	47.13M	61.97M	240.17M	255.6M	211.78M	218.98M	212.41M	191.95M	191.1M	202.31M
EBIT	294.76M	316M	130K	307.89M	378.57M	441.77M	1.09B	1.15B	1.28B	1.52B
Net Interest Income+	-20.78M	-25.12M	-124.94M	-124.21M	-99.81M	-113.55M	-116.62M	-121.32M	-94.25M	-69.49M
Interest Income	1.77M	2.45M	3.01M	2.57M	3.03M	2.09M	1.89M	4.88M	38.53M	61.56M
Interest Expense	22.55M	27.57M	127.95M	126.77M	102.83M	115.64M	118.51M	126.2M	132.77M	131.05M
Other Income/Expense	-15.79M	-16.71M	-121.49M	-78.59M	-94.35M	-164.02M	54.12M	-72.91M	-89.77M	231.09M
Pretax Income+	272.21M	288.43M	-127.82M	181.12M	275.74M	326.08M	969.87M	1.03B	1.15B	1.39B
Pretax Margin %	0.13%	0.12%	-0.04%	0.05%	0.06%	0.08%	0.2%	0.19%	0.19%	0.22%
Income Tax+	96.58M	94.85M	-131.1M	58.66M	42.45M	59.34M	176.27M	219.39M	264.66M	133.66M
Effective Tax Rate %	0.65%	0.67%	-0.03%	0.68%	0.85%	0.82%	0.82%	0.79%	0.77%	0.9%
Net Income+	175.63M	193.58M	3.28M	122.46M	233.29M	266.75M	793.56M	807.8M	882.47M	1.25B
Net Margin %	0.08%	0.08%	0%	0.03%	0.05%	0.07%	0.17%	0.15%	0.15%	0.2%
Net Income Growth %	-0.04%	0.1%	-0.98%	36.35%	0.91%	0.14%	1.97%	0.02%	0.09%	0.42%
Net Income (Continuing)	175.63M	193.58M	3.28M	122.46M	233.29M	266.75M	793.56M	807.8M	882.47M	1.25B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.06	2.31	0.04	1.33	2.56	2.96	9.21	9.96	11.08	16.00
EPS Growth %	0.01%	0.12%	-0.98%	32.25%	0.92%	0.16%	2.11%	0.08%	0.11%	0.44%
EPS (Basic)	2.09	2.34	0.04	1.35	2.60	2.99	9.33	10.08	11.17	16.12
Diluted Shares Outstanding	85.06M	83.82M	89.79M	92.12M	90.97M	90.02M	86.18M	81.07M	79.68M	78.34M
Basic Shares Outstanding	83.85M	82.57M	88.47M	90.83M	89.82M	89.31M	85.03M	80.18M	79M	77.78M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.14B	1.34B	2.59B	1.81B	2.02B	2.32B	2.62B	2.79B	3.43B	4.2B
Cash & Short-Term Investments	372.98M	474.23M	538.91M	156.37M	280.84M	712.58M	756.49M	698M	1.32B	1.93B
Cash Only	372.98M	474.23M	538.91M	156.37M	280.84M	712.58M	756.49M	698M	1.32B	1.93B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	580.76M	643.01M	1.18B	1.26B	1.33B	1.24B	1.37B	1.56B	1.6B	1.7B
Days Sales Outstanding	98	96.01	129.71	115.24	114.01	110.54	105.26	103.77	98.94	98.78
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	124.83M	141.41M	748.23M	235.02M	265.87M	259.75M	380.57M	531.32M	507.66M	567.16M
Total Non-Current Assets+	1.03B	1.02B	4.69B	4.39B	5.13B	4.99B	4.8B	4.51B	4.41B	4.34B
Property, Plant & Equipment	108.73M	121.61M	221.51M	267.67M	1.05B	984.05M	821.82M	701.17M	629.53M	500.39M
Fixed Asset Turnover	19.89x	20.10x	14.95x	14.85x	4.05x	4.17x	5.76x	7.81x	9.38x	12.53x
Goodwill	715.36M	738.45M	2.99B	2.92B	2.94B	2.95B	2.95B	2.93B	2.94B	2.93B
Intangible Assets	96.54M	76.8M	1.29B	1.04B	925.09M	807M	714.42M	584.71M	501.96M	409.69M
Long-Term Investments	0	0	0	0	0	0	0	0	0	3.1M
Other Non-Current Assets	80.47M	60M	162.68M	121.88M	142.63M	152.76M	168.69M	159.21M	194.57M	232.01M
Total Assets+	2.17B	2.37B	7.28B	6.2B	7.15B	7.32B	7.42B	7.3B	7.84B	8.53B
Asset Turnover	0.99x	1.03x	0.45x	0.64x	0.59x	0.56x	0.64x	0.75x	0.75x	0.73x
Asset Growth %	0.14%	0.09%	2.08%	-0.15%	0.15%	0.02%	0.01%	-0.02%	0.07%	0.09%
Total Current Liabilities+	1.32B	1.46B	2.82B	2.62B	2.86B	2.95B	3.38B	3.6B	3.78B	3.97B
Accounts Payable	31.57M	41.01M	49M	37.51M	32.99M	38.59M	49.28M	83.22M	63.14M	55.79M
Days Payables Outstanding	13.73	15.83	13.55	9.32	7.77	10.47	12.45	17.93	12.11	10.07
Short-Term Debt	35M	30M	379.72M	165.58M	216.23M	104.51M	95.69M	107.52M	108.09M	100.31M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	61.23M	95.32M	280.27M	183.22M	147.08M	229.2M	298.51M	242.75M	205.07M	287.91M
Current Ratio	0.86x	0.92x	0.92x	0.69x	0.71x	0.79x	0.78x	0.77x	0.91x	1.06x
Quick Ratio	0.86x	0.92x	0.92x	0.69x	0.71x	0.79x	0.78x	0.77x	0.91x	1.06x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	977.42M	846.21M	3.48B	2.73B	3.36B	3.28B	3.67B	3.47B	3.38B	3.21B
Long-Term Debt	790M	664.39M	2.9B	2.12B	2.04B	1.96B	2.46B	2.45B	2.45B	2.46B
Capital Lease Obligations	0	0	0	0	832.53M	780.17M	697.77M	597.27M	513.41M	339.78M
Deferred Tax Liabilities	23.4M	22.5M	206.34M	214.69M	189.81M	173.23M	181.79M	139.53M	86.55M	48.74M
Other Non-Current Liabilities	162.59M	148.03M	355.46M	377.79M	265.52M	339.61M	281.92M	244.82M	295.42M	330.66M
Total Liabilities	2.31B	2.31B	6.3B	5.35B	6.21B	6.23B	7.05B	7.07B	7.16B	7.18B
Total Debt+	818.83M	694.39M	3.28B	2.28B	3.09B	2.84B	3.25B	3.16B	3.07B	2.9B
Net Debt	445.86M	220.16M	2.74B	2.12B	2.81B	2.13B	2.49B	2.46B	1.75B	966.86M
Debt / Equity	-	11.41x	3.33x	2.68x	3.29x	2.61x	8.76x	13.86x	4.51x	2.13x
Debt / EBITDA	2.44x	1.89x	14.02x	4.43x	5.32x	4.01x	2.88x	2.44x	2.15x	2.13x
Net Debt / EBITDA	1.33x	0.60x	11.72x	4.12x	4.83x	3.00x	2.21x	1.90x	1.23x	0.71x
Interest Coverage	12.77x	11.07x	-0.05x	2.05x	3.60x	4.24x	7.73x	8.72x	9.32x	8.82x
Total Equity+	-132.4M	60.88M	983.47M	850.76M	938.59M	1.09B	371.06M	227.8M	680.63M	1.36B
Equity Growth %	-1.82%	1.46%	15.15%	-0.13%	0.1%	0.16%	-0.66%	-0.39%	1.99%	1%
Book Value per Share	-1.56	0.73	10.95	9.24	10.32	12.11	4.31	2.81	8.54	17.35
Total Shareholders' Equity	-132.4M	60.88M	983.47M	850.76M	938.59M	1.09B	371.06M	227.8M	680.63M	1.36B
Common Stock	78K	78K	82K	82K	82K	82K	82K	82K	82K	82K
Retained Earnings	1.45B	1.64B	1.65B	1.76B	1.99B	2.26B	3.05B	3.86B	4.74B	5.99B
Treasury Stock	-2.36B	-2.4B	-2.43B	-2.69B	-2.87B	-3.03B	-4.67B	-5.71B	-6.3B	-7.04B
Accumulated OCI	-44.4M	-49.68M	1.51M	-39.87M	-77.94M	-99.23M	-81.43M	-101.61M	-76.33M	-88.33M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	345.56M	365.63M	254.52M	471.16M	565.44M	903.28M	1.31B	1.1B	1.16B	1.48B
Operating CF Margin %	0.16%	0.15%	0.08%	0.12%	0.13%	0.22%	0.28%	0.2%	0.2%	0.24%
Operating CF Growth %	-0%	0.06%	-0.3%	0.85%	0.2%	0.6%	0.45%	-0.16%	0.05%	0.28%
Net Income	175.63M	193.58M	3.28M	122.46M	233.29M	266.75M	793.56M	807.8M	882.47M	1.25B
Depreciation & Amortization	47.13M	61.97M	240.17M	255.6M	211.78M	218.98M	212.41M	191.95M	191.1M	202.31M
Stock-Based Compensation	46.15M	46.66M	78.94M	66.17M	69.01M	62.54M	98.57M	90.57M	129.84M	154.78M
Deferred Taxes	344K	-2.65M	-217.41M	1.52M	-55.79M	-53.19M	-41.57M	-30.7M	-64.17M	-162.08M
Other Non-Cash Items	-12.35M	582K	15.06M	-31.63M	85.92M	143.25M	108.62M	76.32M	-44.07M	77.37M
Working Capital Changes	88.65M	65.49M	134.48M	57.04M	21.23M	264.95M	140.88M	-34.51M	60.57M	-41.18M
Change in Receivables	-44.48M	-68.66M	-368.52M	-115M	-66.73M	99.41M	-145.35M	-240.7M	-24.66M	-137.77M
Change in Inventory	-28M	-1.6M	-5.28M	-39.09M	-8.32M	28.95M	-34.2M	0	0	0
Change in Payables	82.52M	56.44M	186.81M	55.23M	-54.61M	111.94M	121.24M	-101.91M	-28.55M	29.4M
Cash from Investing+	-242.36M	-84.05M	-2.75B	384.05M	-160.88M	-83.89M	-80.47M	-117.56M	54.16M	-103.74M
Capital Expenditures	-46.13M	-49.86M	-110.77M	-126.87M	-149.02M	-83.89M	-59.83M	-108.05M	-103.12M	-101.74M
CapEx % of Revenue	0.02%	0.02%	0.03%	0.03%	0.04%	0.02%	0.01%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-25.63M	0	0	0	-11.87M	0	2.31M	0	0	0
Cash from Financing+	-67.69M	-174.69M	2.54B	-1.26B	-285.99M	-416.22M	-1.16B	-1.03B	-588.88M	-710.14M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	21.36M	4.28M	-39.46M	14.69M	17.63M	-7.7M	10.85M	22.23M	25.11M	28.19M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	299.43M	315.77M	143.75M	344.29M	416.42M	819.39M	1.25B	993.37M	1.05B	1.38B
FCF Margin %	0.14%	0.13%	0.04%	0.09%	0.1%	0.2%	0.26%	0.18%	0.18%	0.22%
FCF Growth %	-0.03%	0.05%	-0.54%	1.39%	0.21%	0.97%	0.53%	-0.21%	0.06%	0.31%
FCF per Share	3.52	3.77	1.60	3.74	4.58	9.10	14.54	12.25	13.21	17.66
FCF Conversion (FCF/Net Income)	1.97x	1.89x	77.62x	3.85x	2.42x	3.39x	1.65x	1.36x	1.31x	1.18x
Interest Paid	21.2M	23.4M	98.5M	117.5M	102.3M	112.25M	101.89M	112.83M	119.04M	100.08M
Taxes Paid	83.5M	86.3M	76.1M	95.8M	119.16M	33.92M	253.38M	174.8M	306.68M	312.89M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1220.92%	317.98%	0.63%	13.35%	26.08%	26.29%	108.6%	269.78%	194.28%	122.93%
Return on Invested Capital (ROIC)	83.99%	76.99%	-0.24%	5.82%	8.25%	10.55%	22.57%	29.72%	36.24%	36.45%
Gross Margin	61.21%	61.32%	60.13%	63.05%	63.48%	67.19%	69.49%	69.07%	67.78%	67.72%
Net Margin	8.12%	7.92%	0.1%	3.08%	5.5%	6.51%	16.76%	14.75%	14.94%	20%
Debt / Equity	-	11.41x	3.33x	2.68x	3.29x	2.61x	8.76x	13.86x	4.51x	2.13x
Interest Coverage	12.77x	11.07x	-0.05x	2.05x	3.60x	4.24x	7.73x	8.72x	9.32x	8.82x
FCF Conversion	1.97x	1.89x	77.62x	3.85x	2.42x	3.39x	1.65x	1.36x	1.31x	1.18x
Revenue Growth	7.01%	13.01%	35.46%	20.05%	6.79%	-3.44%	15.48%	15.67%	7.87%	6.1%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Research	1.58B	1.83B	2.47B	3.11B	3.37B	3.6B	4.1B	4.6B	4.89B	5.13B
Research Growth	-	15.55%	35.06%	25.67%	8.65%	6.77%	13.84%	12.27%	6.13%	4.88%
Events	251.84M	268.61M	337.9M	410.46M	476.87M	120.14M	214.45M	389.27M	505.16M	583.22M
Events Growth	-	6.66%	25.80%	21.47%	16.18%	-74.81%	78.50%	81.52%	29.77%	15.45%
Consulting	327.74M	346.21M	327.66M	353.67M	393.9M	376.37M	418.12M	481.78M	514.75M	558.54M
Consulting Growth	-	5.64%	-5.36%	7.94%	11.38%	-4.45%	11.09%	15.23%	6.84%	8.51%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States And Canada	1.35B	1.52B	2.04B	2.51B	2.73B	2.64B	3.05B	3.62B	3.91B	4.02B
United States And Canada Growth	-	12.77%	34.04%	23.46%	8.73%	-3.54%	15.58%	18.71%	8.06%	2.73%
Europe Middle East Africa	557.16M	616.72M	850.35M	1B	996M	966.27M	1.13B	1.23B	1.33B	1.52B
Europe Middle East Africa Growth	-	10.69%	37.88%	17.66%	-0.45%	-2.99%	17.05%	9.17%	7.89%	13.94%
Other International	258.21M	308.07M	424.03M	460.01M	514.83M	495.31M	554.08M	621.8M	663.84M	731.87M
Other International Growth	-	19.31%	37.64%	8.49%	11.92%	-3.79%	11.87%	12.22%	6.76%	10.25%

Frequently Asked Questions

Valuation & Price

Gartner, Inc. (IT) has a price-to-earnings (P/E) ratio of 14.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Gartner, Inc. (IT) reported $6.46B in revenue for fiscal year 2024. This represents a 340% increase from $1.47B in 2011.

Gartner, Inc. (IT) grew revenue by 6.1% over the past year. This is steady growth.

Yes, Gartner, Inc. (IT) is profitable, generating $885.7M in net income for fiscal year 2024 (20.0% net margin).

Dividend & Returns

Gartner, Inc. (IT) has a return on equity (ROE) of 122.9%. This is excellent, indicating efficient use of shareholder capital.

Gartner, Inc. (IT) generated $1.22B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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