The company's financial position appears increasingly strained, with the debt-to-equity ratio escalating to 51.41 in 2026Q1 as persistent share repurchases hollow out the equity base to $63.4 million.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Sep'02 | Sep'01 | Sep'00 | Sep'99 | Sep'98 | Sep'97 | Sep'96 |
|---|
| Total Current Assets | 3.65B | 4.07B | 4.2B | 3.43B | 2.79B | 2.62B | 2.32B | 2.02B | 1.81B | 2.59B | 1.34B | 1.14B | 1.1B | 1.08B | 927.47M | 705.78M | 621.1M | 557.83M | 554.52M | 557.79M | 484.03M | 462.12M | 487.85M | 549.48M | 459.26M | 446.37M | 463.37M | 432.2M | 511.1M | 425.6M | 310.2M |
| Cash & Short-Term Investments | 1.67B | 1.72B | 1.93B | 1.32B | 698M | 756.49M | 712.58M | 280.84M | 156.37M | 538.91M | 474.23M | 372.98M | 365.3M | 423.99M | 299.85M | 142.74M | 120.18M | 116.57M | 140.93M | 109.94M | 67.8M | 70.28M | 160.13M | 229.96M | 109.66M | 40.38M | 39.36M | 88.9M | 157.7M | 142.4M | 96.8M |
| Cash Only | 1.67B | 1.72B | 1.93B | 1.32B | 698M | 756.49M | 712.58M | 280.84M | 156.37M | 538.91M | 474.23M | 372.98M | 365.3M | 423.99M | 299.85M | 142.74M | 120.18M | 116.57M | 140.93M | 109.94M | 67.8M | 70.28M | 160.13M | 229.96M | 109.66M | 37.13M | 24.32M | 88.9M | 157.7M | 142.4M | 96.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.25M | 15.04M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.41B | 1.68B | 1.7B | 1.6B | 1.56B | 1.37B | 1.24B | 1.33B | 1.26B | 1.18B | 643.01M | 580.76M | 552.11M | 490.92M | 463.97M | 421.03M | 364.82M | 317.6M | 318.51M | 354.93M | 328.38M | 313.19M | 257.69M | 266.12M | 283.07M | 300.31M | 340.4M | 282M | 239.2M | 205.8M | 143.8M |
| Days Sales Outstanding | 78.62 | 94.63 | 98.78 | 98.94 | 103.77 | 105.26 | 110.54 | 114.01 | 115.24 | 129.71 | 96.01 | 98 | 99.69 | 100.43 | 104.81 | 104.64 | 103.35 | 101.7 | 90.89 | 110.87 | 113.04 | 115.59 | 105.23 | 113.15 | 113.89 | 113.84 | 144.06 | 140.19 | 135.99 | 146.94 | 132.98 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 659.29M | 567.16M | 507.66M | 531.32M | 380.57M | 259.75M | 265.87M | 235.02M | 748.23M | 141.41M | 124.83M | 115.38M | 106.29M | 87.93M | 78.49M | 71.95M | 70.25M | 52.15M | 53.54M | 46.82M | 42.8M | 32.98M | 27.75M | 25.02M | 34.82M | 83.62M | 61.3M | 114.2M | 77.4M | 69.6M |
| Total Non-Current Assets | 4.01B | 4.02B | 4.34B | 4.41B | 4.51B | 4.8B | 4.99B | 5.13B | 4.39B | 4.69B | 1.02B | 1.03B | 807.69M | 698.7M | 693.81M | 674.09M | 664.56M | 657.45M | 538.54M | 575.42M | 555.76M | 564.5M | 373.35M | 367.79M | 368.14M | 392.63M | 488.21M | 371.2M | 321.8M | 219.7M | 133.9M |
| Property, Plant & Equipment | 427.19M | 428.18M | 500.39M | 629.53M | 701.17M | 821.82M | 984.05M | 1.05B | 267.67M | 221.51M | 121.61M | 108.73M | 97.99M | 91.76M | 89.09M | 68.13M | 47.61M | 52.47M | 61.87M | 66.55M | 59.72M | 61.77M | 63.49M | 66.54M | 71.01M | 100.29M | 97.38M | 63.6M | 50.8M | 44.1M | 32.8M |
| Fixed Asset Turnover | 14.19x | 15.17x | 12.53x | 9.38x | 7.81x | 5.76x | 4.17x | 4.05x | 14.85x | 14.95x | 20.10x | 19.89x | 20.63x | 19.44x | 18.14x | 21.56x | 27.06x | 21.72x | 20.67x | 17.56x | 17.76x | 16.01x | 14.08x | 12.90x | 12.78x | 9.60x | 8.86x | 11.54x | 12.64x | 11.59x | 12.03x |
| Goodwill | 2.74B | 2.74B | 2.93B | 2.94B | 2.93B | 2.95B | 2.95B | 2.94B | 2.92B | 2.99B | 738.45M | 715.36M | 586.66M | 519.2M | 519.51M | 508.55M | 510.26M | 513.61M | 398.74M | 416.18M | 408.55M | 404.03M | 231.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 315.75M | 336.3M | 409.69M | 501.96M | 584.71M | 714.42M | 807M | 925.09M | 1.04B | 1.29B | 76.8M | 96.54M | 30.69M | 6.11M | 11.82M | 7.06M | 13.58M | 24.11M | 2.02M | 3.65M | 5.98M | 15.79M | 138K | 231.37M | 226.11M | 222.23M | 311.52M | 223.1M | 155.8M | 132.2M | 93.1M |
| Long-Term Investments | 0 | 0 | 3.1M | 1.1M | 3.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 524.07M | 513.78M | 232.01M | 193.48M | 155.26M | 168.69M | 152.76M | 142.63M | 121.88M | 162.68M | 60M | 80.47M | 74.39M | 57.26M | 50.87M | 67.55M | 93.09M | 67.26M | 29.54M | 33.2M | 28.2M | 82.9M | 77.96M | 69.87M | 71.02M | 70.11M | 79.31M | 84.5M | 115.2M | 43.4M | 8M |
| Total Assets | 7.66B | 8.09B | 8.53B | 7.84B | 7.3B | 7.42B | 7.32B | 7.15B | 6.2B | 7.28B | 2.37B | 2.17B | 1.9B | 1.78B | 1.62B | 1.38B | 1.29B | 1.22B | 1.09B | 1.13B | 1.04B | 1.03B | 861.19M | 917.26M | 827.4M | 839M | 951.58M | 803.4M | 832.9M | 645.3M | 444.1M |
| Asset Turnover | 0.83x | 0.80x | 0.73x | 0.75x | 0.75x | 0.64x | 0.56x | 0.59x | 0.64x | 0.45x | 1.03x | 0.99x | 1.06x | 1.00x | 1.00x | 1.06x | 1.00x | 0.94x | 1.17x | 1.03x | 1.02x | 0.96x | 1.04x | 0.94x | 1.10x | 1.15x | 0.91x | 0.91x | 0.77x | 0.79x | 0.89x |
| Asset Growth % | -10.52% | -5.26% | 8.92% | 7.35% | -1.57% | 1.37% | 2.3% | 15.32% | -14.85% | 207.65% | 8.86% | 14.2% | 6.77% | 10.01% | 17.49% | 7.33% | 5.79% | 11.18% | -3.54% | 8.98% | 1.28% | 19.21% | -6.11% | 10.86% | -1.38% | -11.83% | 18.44% | -3.54% | 29.07% | 45.31% | 47.74% |
| Total Current Liabilities | 3.89B | 4.07B | 3.97B | 3.78B | 3.6B | 3.38B | 2.95B | 2.86B | 2.62B | 2.82B | 1.46B | 1.32B | 1.22B | 1.16B | 1.07B | 921.14M | 811.15M | 898.17M | 792.41M | 876.01M | 803.88M | 642.77M | 529.2M | 491.13M | 457.88M | 527.51M | 537.76M | 473.6M | 414.8M | 372.2M | 291.4M |
| Accounts Payable | 862.46M | 49.78M | 55.79M | 63.14M | 83.22M | 49.28M | 38.59M | 32.99M | 37.51M | 49M | 41.01M | 31.57M | 16.8M | 17.67M | 27.34M | 27.57M | 17.79M | 14.31M | 12.13M | 11.26M | 13.33M | 12.07M | 12.71M | 175.61M | 151.99M | 137.75M | 156.92M | 95.9M | 96.2M | 85.4M | 60.5M |
| Days Payables Outstanding | 114.9 | 8.65 | 10.07 | 12.11 | 17.93 | 12.45 | 10.47 | 7.77 | 9.32 | 13.55 | 15.83 | 13.73 | 7.69 | 9.04 | 15.14 | 16.53 | 11.76 | 10.48 | 7.74 | 7.75 | 9.63 | 9.05 | 10.67 | 156.08 | 137.41 | 111.61 | 144.78 | 119.22 | 141.64 | 153.7 | 144.33 |
| Short-Term Debt | 5M | 101.08M | 0 | 9.6M | 7.8M | 5.93M | 104.51M | 216.23M | 165.58M | 379.72M | 30M | 35M | 20M | 68.75M | 90M | 50M | 40.16M | 205M | 177.75M | 236.5M | 220M | 66.67M | 40M | 0 | 0 | 15M | 30M | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 11.05B | 2.81B | 2.76B | 2.64B | 2.44B | 2.24B | 1.97B | 1.93B | 1.75B | 1.63B | 989.48M | 900.8M | 841.46M | 766.11M | 692.24M | 611.65M | 523.26M | 437.21M | 395.28M | 423.52M | 375.88M | 333.06M | 307.7M | 315.52M | 305.89M | 351.26M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 297.98M | 0 | 0 | 30.84M | 0 | 229.2M | 147.08M | 183.22M | 280.27M | 95.32M | 61.23M | 44.24M | 68.24M | 50.43M | 44.77M | 0 | 0 | 127.4M | 139.97M | 427.63M | 390.78M | 374.38M | 0 | 0 | 23.5M | 350.84M | 377.7M | 318.6M | 286.8M | 230.9M |
| Current Ratio | 0.94x | 1.00x | 1.06x | 0.91x | 0.77x | 0.78x | 0.79x | 0.71x | 0.69x | 0.92x | 0.92x | 0.86x | 0.90x | 0.94x | 0.87x | 0.77x | 0.77x | 0.62x | 0.70x | 0.64x | 0.60x | 0.72x | 0.92x | 1.12x | 1.00x | 0.85x | 0.86x | 0.91x | 1.23x | 1.14x | 1.06x |
| Quick Ratio | 0.94x | 1.00x | 1.06x | 0.91x | 0.77x | 0.78x | 0.79x | 0.71x | 0.69x | 0.92x | 0.92x | 0.86x | 0.90x | 0.94x | 0.87x | 0.77x | 0.77x | 0.62x | 0.70x | 0.64x | 0.60x | 0.72x | 0.92x | 1.12x | 1.00x | 0.85x | 0.86x | 0.91x | 1.23x | 1.14x | 1.06x |
| Cash Conversion Cycle | -36.28 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.71B | 3.69B | 3.21B | 3.38B | 3.47B | 3.67B | 3.28B | 3.36B | 2.73B | 3.48B | 846.21M | 977.42M | 527.96M | 262.34M | 244.6M | 276.95M | 287.45M | 204.57M | 321.97M | 239.7M | 209.59M | 237.26M | 158.89M | 50.38M | 398.23M | 346.01M | 344.24M | 255.3M | 3.2M | 3.2M | 2.5M |
| Long-Term Debt | 2.98B | 3.25B | 2.46B | 2.45B | 2.45B | 2.46B | 1.96B | 2.04B | 2.12B | 2.9B | 664.39M | 790M | 385M | 136.25M | 115M | 150M | 180M | 124M | 238.5M | 157.5M | 150M | 180M | 150M | 0 | 351.54M | 326.2M | 311.91M | 250M | 0 | 0 | 0 |
| Capital Lease Obligations | 1.15B | 270.2M | 339.78M | 513.41M | 597.27M | 697.77M | 780.17M | 832.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 29.31M | 29.31M | 48.74M | 86.55M | 139.53M | 181.79M | 173.23M | 189.81M | 214.69M | 206.34M | 22.5M | 23.4M | 600K | 200K | 100K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 451.95M | 115.44M | 330.66M | 295.42M | 244.82M | 281.92M | 339.61M | 265.52M | 377.79M | 355.46M | 148.03M | 162.59M | 118.64M | 98.81M | 104.41M | 101.33M | 107.45M | 80.57M | 81.56M | 79.12M | 40.49M | 40.66M | -6.81M | 50.38M | 46.69M | 19.81M | 32.33M | 5.3M | 3.2M | 3.2M | 2.5M |
| Total Liabilities | 7.59B | 7.77B | 7.18B | 7.16B | 7.07B | 7.05B | 6.23B | 6.21B | 5.35B | 6.3B | 2.31B | 2.31B | 1.74B | 1.42B | 1.31B | 1.2B | 1.1B | 1.1B | 1.11B | 1.12B | 1.01B | 880.03M | 731.15M | 541.52M | 856.1M | 873.52M | 882M | 728.9M | 418M | 375.4M | 293.9M |
| Total Debt | 3.26B | 3.62B | 2.9B | 3.07B | 3.16B | 3.25B | 2.84B | 3.09B | 2.28B | 3.28B | 694.39M | 818.83M | 405M | 205M | 205M | 200M | 220.16M | 329M | 416.25M | 394M | 370M | 246.67M | 190M | 0 | 351.54M | 341.2M | 341.91M | 250M | 0 | 0 | 0 |
| Net Debt | 1.59B | 1.9B | 966.86M | 1.75B | 2.46B | 2.49B | 2.13B | 2.81B | 2.12B | 2.74B | 220.16M | 445.86M | 39.7M | -218.99M | -94.85M | 57.26M | 99.97M | 212.43M | 275.32M | 284.06M | 302.2M | 176.38M | 29.87M | -229.96M | 241.88M | 304.07M | 317.59M | 161.1M | -157.7M | -142.4M | -96.8M |
| Debt / Equity | 51.41x | 11.31x | 2.13x | 4.51x | 13.86x | 8.76x | 2.61x | 3.29x | 2.68x | 3.33x | 11.41x | - | 2.51x | 0.57x | 0.67x | 1.10x | 1.18x | 2.92x | - | 22.52x | 14.06x | 1.68x | 1.46x | - | - | - | 4.91x | 3.36x | - | - | - |
| Debt / EBITDA | 2.59x | 2.95x | 2.13x | 2.15x | 2.44x | 2.88x | 4.01x | 5.32x | 4.43x | 14.02x | 1.89x | 2.44x | 1.24x | 0.66x | 0.74x | 0.81x | 1.19x | 2.04x | 2.17x | 2.53x | 2.66x | 3.95x | 2.68x | - | 2.50x | 3.56x | 2.74x | 1.52x | - | - | - |
| Net Debt / EBITDA | 1.26x | 1.55x | 0.71x | 1.23x | 1.90x | 2.21x | 3.00x | 4.83x | 4.12x | 11.72x | 0.60x | 1.33x | 0.12x | -0.71x | -0.34x | 0.23x | 0.54x | 1.32x | 1.43x | 1.82x | 2.17x | 2.83x | 0.42x | -2.71x | 1.72x | 3.18x | 2.54x | 0.98x | -0.88x | -1.06x | -1.00x |
| Interest Coverage | 15.64x | 9.18x | 11.59x | 9.64x | 9.14x | 9.18x | 3.82x | 3.68x | 2.43x | 0.00x | 11.46x | 13.07x | 23.33x | 26.65x | 24.79x | 19.03x | 8.99x | 8.26x | 8.67x | 7.15x | 5.94x | 1.27x | 5.20x | 3.99x | 4.23x | 0.82x | 7.42x | 6.12x | - | - | 2.70x |
| Total Equity | 63.38M | 319.91M | 1.36B | 680.63M | 227.8M | 371.06M | 1.09B | 938.59M | 850.76M | 983.47M | 60.88M | -132.4M | 161.17M | 361.32M | 306.67M | 181.78M | 187.06M | 112.53M | -21.32M | 17.5M | 26.32M | 146.59M | 130.05M | 375.75M | -28.7M | -34.52M | 69.58M | 74.5M | 414.9M | 269.9M | 150.2M |
| Equity Growth % | -82.95% | -76.46% | 99.69% | 198.79% | -38.61% | -65.97% | 16.18% | 10.32% | -13.49% | 1515.47% | 145.98% | -182.15% | -55.39% | 17.82% | 68.7% | -2.82% | 66.22% | 627.94% | -221.82% | -33.51% | -82.05% | 12.72% | -65.39% | 1409.17% | 16.85% | -149.61% | -6.6% | -82.04% | 53.72% | 79.69% | 75.67% |
| Book Value per Share | 0.91 | 4.44 | 17.35 | 8.54 | 2.81 | 4.31 | 12.11 | 10.32 | 9.24 | 10.95 | 0.73 | -1.56 | 1.78 | 3.81 | 3.20 | 1.84 | 1.87 | 1.15 | -0.22 | 0.16 | 0.23 | 1.31 | 1.03 | 4.06 | -0.22 | -0.40 | 0.71 | 0.71 | 3.95 | 2.62 | 1.56 |
| Total Shareholders' Equity | 63.38M | 319.91M | 1.36B | 680.63M | 227.8M | 371.06M | 1.09B | 938.59M | 850.76M | 983.47M | 60.88M | -132.4M | 161.17M | 361.32M | 306.67M | 181.78M | 187.06M | 112.53M | -21.32M | 17.5M | 26.32M | 146.59M | 130.05M | 375.75M | -28.7M | -34.52M | 69.58M | 74.5M | 414.9M | 269.9M | 150.2M |
| Common Stock | 82K | 82K | 82K | 82K | 82K | 82K | 82K | 82K | 82K | 82K | 78K | 78K | 78K | 78K | 78K | 78K | 78K | 78K | 78K | 78K | 78K | 77K | 75K | 72K | 60K | 59K | 59K | 100K | 0 | 0 | 0 |
| Retained Earnings | 6.94B | 6.72B | 5.99B | 4.74B | 3.86B | 3.05B | 2.26B | 1.99B | 1.76B | 1.65B | 1.64B | 1.45B | 1.28B | 1.09B | 908.48M | 742.58M | 605.68M | 509.39M | 426.43M | 322.56M | 249M | 187.65M | 190.09M | 173.94M | 150.24M | 116.08M | 186.18M | 156.7M | 193.5M | 105.1M | 32M |
| Treasury Stock | -9.57B | -9.04B | -7.04B | -6.3B | -5.71B | -4.67B | -3.03B | -2.87B | -2.69B | -2.43B | -2.4B | -2.36B | -1.86B | -1.46B | -1.29B | -1.21B | -1.05B | -999.12M | -1.02B | -874.05M | -778.34M | -551.87M | -551M | -206.45M | -532.63M | -472.77M | -437.9M | -385M | 0 | 0 | 0 |
| Accumulated OCI | -45.05M | -41.02M | -88.33M | -76.33M | -101.61M | -81.43M | -99.23M | -77.94M | -39.87M | 1.51M | -49.68M | -44.4M | -21.17M | 8.35M | 5.97M | 5.79M | 14.64M | 11.32M | -1.74M | 23.25M | 10.89M | -332K | 5.17M | -316K | -14.46M | -20.11M | -14.13M | -12.1M | -59.2M | -57.7M | -36.1M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Elevated debt-to-equity leverage
According to the most recent quarterly filings, Gartner's debt-to-equity ratio has surged to 51.41 in 2026Q1, a dramatic escalation from the 4.51 level observed in 2023Q4, which indicates that the company's reliance on debt financing has intensified significantly relative to its shrinking equity base.
The rapid expansion of the debt-to-equity ratio suggests that the company is aggressively utilizing leverage to fund capital allocation priorities rather than deleveraging. Investors should monitor whether this high leverage profile limits the firm's ability to navigate potential cyclical downturns in IT spending without compromising its operational stability.
As reported in financial statements, the company's total equity has plummeted to $63.4 million in 2026Q1 from $680.6 million in 2023Q4, a trend that appears driven by persistent share repurchases that have effectively hollowed out the book value of the firm over the last ten quarters.
This systematic reduction in equity suggests a management strategy that prioritizes returning capital to shareholders over maintaining a robust capital buffer. While this may boost per-share metrics, it leaves the balance sheet increasingly sensitive to any potential asset impairments or unexpected operational shocks.
Based on the provided balance sheet data, the current ratio has compressed to 0.94 in 2026Q1, reflecting a tightening liquidity position that warrants further investigation as the company manages its $3.3 billion debt load against a backdrop of slowing revenue growth and seasonal cash flow fluctuations.
A current ratio below unity suggests that the company's short-term obligations are beginning to outpace its liquid assets, which may indicate a reliance on ongoing cash flow generation to meet immediate liabilities. This liquidity profile appears to leave little room for error should the company face a sudden disruption in its subscription-based revenue streams.
Analysis of the balance sheet reveals that goodwill remains a significant component of total assets at $2.7 billion as of 2026Q1, representing a substantial portion of the firm's asset base that could be subject to impairment if the underlying business segments fail to meet long-term growth expectations.
The persistence of high goodwill levels suggests that the company's valuation is heavily anchored to past acquisitions rather than tangible assets. Investors should consider the risk that any future downward revision in the growth outlook for the Research or Consulting segments could necessitate a non-cash write-down, further pressuring the already thin equity base.
Quick answers to the most common questions about buying IT stock.
As of 2025, Gartner, Inc. (IT) had total assets of $8.09B including $4.07B in current assets.
Gartner, Inc. (IT) carries total debt of $3.62B, offset by $1.72B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Gartner, Inc. (IT) has total shareholders' equity (book value) of $319.9M ($4.44 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Gartner, Inc. (IT) reported a current ratio of 1.00x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.