Stocks · Industrials · Services-Management Services

Gartner

IT Clue Score62
United States Fiscal year ends December CIK 0000749251
$191.15 -2.18% Close, 9 Oct 2026
Price $191.15 −36.60% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,444.5Operating income305.1Net income193.6EPS, diluted2.31Fiscal year 2017Revenue3,311.5 +35.5%Operating income−6.3Net income3.3 −98.3%EPS, diluted0.04 −98.3%Fiscal year 2018Revenue3,975.5 +20.1%Operating income259.7Net income122.5 +3,634.6%EPS, diluted1.33 +3,225.0%Fiscal year 2019Revenue4,245.3 +6.8%Operating income370.1Net income233.3 +90.5%EPS, diluted2.56 +92.5%Fiscal year 2020Revenue4,099.4 −3.4%Operating income490.2Net income266.7 +14.3%EPS, diluted2.96 +15.6%Fiscal year 2021Revenue4,734.0 +15.5%Operating income915.8Net income793.6 +197.5%EPS, diluted9.21 +211.1%Fiscal year 2022Revenue5,475.8 +15.7%Operating income1,100.1Net income807.8 +1.8%EPS, diluted9.96 +8.1%Fiscal year 2023Revenue5,907.0 +7.9%Operating income1,236.9Net income882.5 +9.2%EPS, diluted11.08 +11.2%Fiscal year 2024Revenue6,267.4 +6.1%Operating income1,156.3Net income1,253.7 +42.1%EPS, diluted16.00 +44.4%Fiscal year 2025Revenue6,497.2 +3.7%Operating income1,025.7Net income729.2 −41.8%EPS, diluted9.65 −39.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,444.5 3,311.5 3,975.5 4,245.3 4,099.4 4,734.0 5,475.8 5,907.0 6,267.4 6,497.2
Growth +35.5% +20.1% +6.8% −3.4% +15.5% +15.7% +7.9% +6.1% +3.7%
Operating income 305.1 −6.3 259.7 370.1 490.2 915.8 1,100.1 1,236.9 1,156.3 1,025.7
Net income 193.6 3.3 122.5 233.3 266.7 793.6 807.8 882.5 1,253.7 729.2
Growth −98.3% +3,634.6% +90.5% +14.3% +197.5% +1.8% +9.2% +42.1% −41.8%
EPS, diluted 2.31 0.04 1.33 2.56 2.96 9.21 9.96 11.08 16.00 9.65
Growth −98.3% +3,225.0% +92.5% +15.6% +211.1% +8.1% +11.2% +44.4% −39.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin12.5%Net margin7.9%Fiscal year 2017Operating margin−0.2%Net margin0.1%Fiscal year 2018Operating margin6.5%Net margin3.1%Fiscal year 2019Operating margin8.7%Net margin5.5%Fiscal year 2020Operating margin12.0%Net margin6.5%Fiscal year 2021Operating margin19.3%Net margin16.8%Fiscal year 2022Gross margin69.7%Operating margin20.1%Net margin14.8%Fiscal year 2023Gross margin68.3%Operating margin20.9%Net margin14.9%Fiscal year 2024Gross margin68.3%Operating margin18.4%Net margin20.0%Fiscal year 2025Gross margin68.8%Operating margin15.8%Net margin11.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a n/a n/a 69.7% 68.3% 68.3% 68.8%
Operating margin 12.5% −0.2% 6.5% 8.7% 12.0% 19.3% 20.1% 20.9% 18.4% 15.8%
Net margin 7.9% 0.1% 3.1% 5.5% 6.5% 16.8% 14.8% 14.9% 20.0% 11.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow365.6Buybacks−59.0Fiscal year 2017Operating cash flow254.5Buybacks−41.3Fiscal year 2018Operating cash flow471.2Buybacks−260.8Fiscal year 2019Operating cash flow565.4Buybacks−199.0Fiscal year 2020Operating cash flow903.3Buybacks−176.3Fiscal year 2021Operating cash flow1,312.5Buybacks−1,655.5Fiscal year 2022Operating cash flow1,101.4Buybacks−1,043.7Fiscal year 2023Operating cash flow1,155.7Buybacks−606.2Fiscal year 2024Operating cash flow1,484.9Buybacks−735.4Fiscal year 2025Operating cash flow1,290.4Buybacks−1,991.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 365.6 254.5 471.2 565.4 903.3 1,312.5 1,101.4 1,155.7 1,484.9 1,290.4
Buybacks −59.0 −41.3 −260.8 −199.0 −176.3 −1,655.5 −1,043.7 −606.2 −735.4 −1,991.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash474.2Total debt694.4Net cash (debt)−220.2Shareholders’ equity60.9Debt to equity11.41Fiscal year 2017Cash538.9Total debt3,278.8Net cash (debt)−2,739.9Shareholders’ equity983.5Debt to equity3.33Fiscal year 2018Cash156.4Total debt2,281.7Net cash (debt)−2,125.3Shareholders’ equity850.8Debt to equity2.68Fiscal year 2019Cash280.8Total debt2,183.6Net cash (debt)−1,902.8Shareholders’ equity938.6Debt to equity2.33Fiscal year 2020Cash712.6Total debt1,978.8Net cash (debt)−1,266.2Shareholders’ equity1,090.4Debt to equity1.81Fiscal year 2021Cash756.5Total debt2,462.8Net cash (debt)−1,706.3Shareholders’ equity371.1Debt to equity6.64Fiscal year 2022Cash698.0Total debt2,461.4Net cash (debt)−1,763.4Shareholders’ equity227.8Debt to equity10.81Fiscal year 2023Cash1,319.0Total debt2,458.3Net cash (debt)−1,139.3Shareholders’ equity680.6Debt to equity3.61Fiscal year 2024Cash1,933.1Total debt2,459.9Net cash (debt)−526.8Shareholders’ equity1,359.2Debt to equity1.81Fiscal year 2025Cash1,722.5Total debt2,981.7Net cash (debt)−1,259.2Shareholders’ equity319.9Debt to equity9.32
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 474.2 538.9 156.4 280.8 712.6 756.5 698.0 1,319.0 1,933.1 1,722.5
Total debt 694.4 3,278.8 2,281.7 2,183.6 1,978.8 2,462.8 2,461.4 2,458.3 2,459.9 2,981.7
Net cash (debt) −220.2 −2,739.9 −2,125.3 −1,902.8 −1,266.2 −1,706.3 −1,763.4 −1,139.3 −526.8 −1,259.2
Shareholders’ equity 60.9 983.5 850.8 938.6 1,090.4 371.1 227.8 680.6 1,359.2 319.9
Debt to equity 11.41 3.33 2.68 2.33 1.81 6.64 10.81 3.61 1.81 9.32

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2,444.5 3,311.5 3,975.5 4,245.3 4,099.4 4,734.0 5,475.8 5,907.0 6,267.4 6,497.2
Growth +35.5% +20.1% +6.8% −3.4% +15.5% +15.7% +7.9% +6.1% +3.7%
945.6 1,320.2 1,468.8 1,550.6 1,345.0 1,444.1 1,693.8 1,903.2 2,023.0 2,053.6
n/a n/a n/a n/a n/a n/a 3,815.1 4,035.4 4,277.5 4,468.2
Growth +5.8% +6.0% +4.5%
1,089.2 1,599.0 1,884.1 2,103.4 2,039.0 2,155.7 2,480.9 2,701.5 2,884.8 3,067.6
305.1 −6.3 259.7 370.1 490.2 915.8 1,100.1 1,236.9 1,156.3 1,025.7
Growth −102.1% +42.5% +32.4% +86.8% +20.1% +12.4% −6.5% −11.3%
288.4 −127.8 181.1 275.7 326.1 969.9 1,027.2 1,147.1 1,387.4 968.1
94.8 −131.1 58.7 42.4 59.4 176.3 219.4 264.7 133.7 238.9
193.6 3.3 122.5 233.3 266.7 793.6 807.8 882.5 1,253.7 729.2
Growth −98.3% +3,634.6% +90.5% +14.3% +197.5% +1.8% +9.2% +42.1% −41.8%
Per share
2.34 0.04 1.35 2.60 2.99 9.33 10.08 11.17 16.12 9.68
2.31 0.04 1.33 2.56 2.96 9.21 9.96 11.08 16.00 9.65
Growth −98.3% +3,225.0% +92.5% +15.6% +211.1% +8.1% +11.2% +44.4% −39.7%
82.6 88.5 90.8 89.8 89.3 85.0 80.2 79.0 77.8 75.4
83.8 89.8 92.1 91.0 90.0 86.2 81.1 79.7 78.3 75.6
Growth +7.1% +2.6% −1.2% −1.0% −4.3% −5.9% −1.7% −1.7% −3.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 9.6% a year over five years, and earnings per share grew 26.7% a year.
  • The diluted share count fell 16.0% in five years, so buybacks did some of the work per share.
  • Operating margin is up 3.8 points on five years ago, at 15.8%.
  • Profitable in every one of the 10 years on file.