Gartner (IT) Financials

$408.39 +8.51 (+2.13%)

As of 03:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	176	194	3.28	122	233	267	794	808	882	1,254
Consolidated Net Income / (Loss)	176	194	3.28	122	233	267	794	808	882	1,254
Net Income / (Loss) Continuing Operations	176	194	3.28	122	233	267	794	808	882	1,254
Total Pre-Tax Income	272	288	-128	181	276	326	970	1,027	1,147	1,387
Total Operating Income	288	305	-6.33	260	370	490	916	1,100	1,237	1,156
Total Gross Profit	1,324	1,499	1,991	2,507	2,695	2,754	3,290	3,782	4,004	4,244
Total Revenue	2,163	2,445	3,311	3,975	4,245	4,099	4,734	5,476	5,907	6,267
Operating Revenue	2,163	2,445	3,311	3,975	4,245	4,099	4,734	5,476	5,907	6,267
Total Cost of Revenue	839	946	1,320	1,469	1,551	1,345	1,444	1,694	1,903	2,023
Operating Cost of Revenue	839	946	1,320	1,469	1,551	1,345	1,444	1,694	1,903	2,023
Total Operating Expenses	1,036	1,194	1,998	2,247	2,325	2,264	2,374	2,682	2,767	3,088
Selling, General & Admin Expense	963	1,089	1,599	1,884	2,103	2,039	2,156	2,481	2,702	2,885
Depreciation Expense	34	37	64	69	82	94	103	93	99	112
Amortization Expense	13	25	176	187	130	125	110	99	92	90
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	0.00	-135	0.00
Restructuring Charge	26	43	158	107	9.46	6.28	6.06	9.08	9.59	0.97
Total Other Income / (Expense), net	-16	-17	-121	-79	-94	-164	54	-73	-90	231
Interest Expense	23	28	128	127	103	160	119	126	133	131
Interest & Investment Income	1.77	2.45	3.01	2.57	3.03	2.09	1.89	4.88	39	62
Other Income / (Expense), net	5.00	8.41	3.45	46	5.46	-5.65	171	48	4.48	301
Income Tax Expense	97	95	-131	59	42	59	176	219	265	134
Basic Earnings per Share	$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	83.85M	82.57M	88.47M	90.83M	89.82M	89.32M	85.03M	80.18M	79.00M	77.79M
Diluted Earnings per Share	$2.06	$2.31	$0.04	$1.33	$2.56	$2.96	$9.21	$9.96	$11.08	$16.00
Weighted Average Diluted Shares Outstanding	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	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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	174	257	296	198	180	209	211	230	415	399
Consolidated Net Income / (Loss)	174	257	296	198	180	209	211	230	415	399
Net Income / (Loss) Continuing Operations	174	257	296	198	180	209	211	230	415	399
Total Pre-Tax Income	232	304	381	264	224	277	260	299	527	302
Total Operating Income	253	332	408	283	244	301	274	319	246	318
Total Gross Profit	915	1,029	974	1,016	958	1,056	1,013	1,082	1,009	1,140
Total Revenue	1,332	1,505	1,409	1,503	1,409	1,586	1,473	1,595	1,484	1,715
Operating Revenue	1,332	1,505	1,409	1,503	1,409	1,586	1,473	1,595	1,484	1,715
Total Cost of Revenue	417	475	435	487	451	530	459	513	475	575
Operating Cost of Revenue	417	475	435	487	451	530	459	513	475	575
Total Operating Expenses	662	697	566	733	714	755	740	763	763	822
Selling, General & Admin Expense	613	645	657	680	661	704	690	712	712	771
Depreciation Expense	23	24	24	24	25	26	26	28	29	29
Amortization Expense	24	24	23	23	24	23	23	23	22	22
Restructuring Charge	1.33	3.25	1.37	1.97	4.46	1.78	0.46	0.36	0.16	-0.00
Total Other Income / (Expense), net	-21	-28	-27	-19	-20	-24	-14	-19	281	-16
Interest Expense	30	35	27	25	22	59	19	20	18	74
Other Income / (Expense), net	8.93	1.73	0.71	5.58	1.88	-3.68	4.89	0.50	299	-3.83
Income Tax Expense	59	47	85	66	44	69	49	70	112	-97
Basic Earnings per Share	$2.19	$3.24	$3.72	$2.50	$2.28	$2.67	$2.69	$2.95	$5.36	$5.12
Weighted Average Basic Shares Outstanding	79.26M	80.18M	79.45M	79.29M	78.92M	79.00M	78.34M	77.82M	77.48M	77.79M
Diluted Earnings per Share	$2.17	$3.18	$3.68	$2.48	$2.26	$2.66	$2.67	$2.93	$5.32	$5.08
Weighted Average Diluted Shares Outstanding	80.06M	81.07M	80.28M	79.82M	79.52M	79.68M	78.96M	78.29M	77.97M	78.34M
Weighted Average Basic & Diluted Shares Outstanding	79.02M	79.06M	79.04M	78.83M	77.95M	77.97M	77.63M	77.06M	77.13M	76.82M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	36	93	42	-402	119	403	74	-44	621	671
Net Cash From Operating Activities	346	366	255	471	565	903	1,312	1,101	1,156	1,485
Net Cash From Continuing Operating Activities	346	366	255	471	565	903	1,312	1,101	1,156	1,485
Net Income / (Loss) Continuing Operations	176	194	3.28	122	233	267	794	808	882	1,254
Consolidated Net Income / (Loss)	176	194	3.28	122	233	267	794	808	882	1,254
Depreciation Expense	47	62	240	256	212	219	212	192	191	202
Amortization Expense	1.51	3.08	15	14	6.50	19	4.16	4.57	4.69	4.59
Non-Cash Adjustments To Reconcile Net Income	32	44	79	21	158	187	203	162	81	228
Changes in Operating Assets and Liabilities, net	89	63	-83	59	-44	212	99	-65	-3.60	-203
Net Cash From Investing Activities	-242	-98	-2,753	384	-161	-84	-80	-118	54	-104
Net Cash From Continuing Investing Activities	-242	-98	-2,753	384	-161	-84	-80	-118	54	-104
Purchase of Property, Plant & Equipment	-46	-50	-111	-127	-149	-84	-60	-108	-103	-102
Acquisitions	-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	-68	-175	2,540	-1,257	-286	-416	-1,158	-1,027	-589	-710
Net Cash From Continuing Financing Activities	-68	-175	2,540	-1,257	-286	-416	-1,158	-1,027	-589	-710
Repayment of Debt	-20	-840	-456	-1,259	-419	-2,590	-120	-5.93	-7.80	-277
Repurchase of Common Equity	-509	-59	-41	-261	-199	-176	-1,656	-1,044	-606	-735
Issuance of Debt	440	715	3,025	248	314	2,332	600	0.00	0.00	274
Issuance of Common Equity	7.50	9.25	12	15	18	18	18	22	25	28
Cash Interest Paid	21	23	99	118	102	112	102	113	119	100
Cash Income Taxes Paid	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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	186	146	201	280	93	47	-56	7.05	503	217
Net Cash From Operating Activities	315	203	165	436	331	224	189	370	591	335
Net Cash From Continuing Operating Activities	315	203	165	436	331	224	189	370	591	335
Net Income / (Loss) Continuing Operations	174	257	296	198	180	209	211	230	415	399
Consolidated Net Income / (Loss)	174	257	296	198	180	209	211	230	415	399
Depreciation Expense	47	49	47	47	49	49	49	51	51	51
Amortization Expense	1.15	1.15	1.16	1.17	1.18	1.18	1.54	1.01	1.02	1.03
Non-Cash Adjustments To Reconcile Net Income	29	46	-67	57	42	48	63	55	56	54
Changes in Operating Assets and Liabilities, net	64	-150	-112	133	59	-83	-135	34	68	-169
Net Cash From Investing Activities	-36	-43	138	-28	-32	-23	-25	-29	-26	-24
Net Cash From Continuing Investing Activities	-36	-43	138	-28	-32	-23	-25	-29	-26	-24
Purchase of Property, Plant & Equipment	-32	-38	-21	-26	-28	-28	-23	-29	-26	-24
Net Cash From Financing Activities	-93	-14	-101	-127	-205	-155	-220	-334	-62	-95
Net Cash From Continuing Financing Activities	-93	-14	-101	-127	-205	-155	-220	-334	-62	-95
Repurchase of Common Equity	-97	-17	-107	-132	-209	-158	-225	-340	-69	-102
Issuance of Common Equity	4.99	5.25	7.36	5.88	5.88	5.99	8.05	6.41	6.33	7.40

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,169	2,367	7,283	6,201	7,151	7,316	7,416	7,300	7,836	8,535
Total Current Assets	1,141	1,343	2,589	1,812	2,019	2,323	2,620	2,786	3,428	4,197
Cash & Equivalents	373	474	539	156	281	713	756	698	1,319	1,933
Accounts Receivable	581	643	1,177	1,255	1,326	1,242	1,365	1,557	1,601	1,696
Prepaid Expenses	62	85	125	165	146	109	118	119	127	153
Other Current Assets	125	141	205	235	266	260	381	363	380	414
Plant, Property, & Equipment, net	109	122	222	268	345	337	274	265	263	243
Total Noncurrent Assets	919	903	4,473	4,122	4,788	4,656	4,523	4,249	4,145	4,095
Goodwill	715	738	2,987	2,923	2,938	2,946	2,951	2,930	2,937	2,930
Intangible Assets	97	77	1,292	1,043	925	807	714	585	502	410
Other Noncurrent Operating Assets	107	87	194	156	925	904	857	734	706	755
Total Liabilities & Shareholders' Equity	2,169	2,367	7,283	6,201	7,151	7,316	7,416	7,300	7,836	8,535
Total Liabilities	2,301	2,306	6,300	5,351	6,213	6,226	7,045	7,072	7,155	7,176
Total Current Liabilities	1,323	1,460	2,823	2,621	2,857	2,947	3,379	3,598	3,778	3,969
Short-Term Debt	35	30	380	166	140	21	5.93	7.80	9.60	0.00
Accounts Payable	388	441	667	710	789	952	1,135	1,115	1,128	1,206
Current Deferred Revenue	901	989	1,630	1,745	1,928	1,975	2,238	2,444	2,641	2,763
Total Noncurrent Liabilities	977	846	3,477	2,730	3,356	3,278	3,666	3,474	3,378	3,206
Long-Term Debt	784	664	2,899	2,116	2,044	1,958	2,457	2,454	2,449	2,460
Other Noncurrent Operating Liabilities	194	182	578	614	1,312	1,320	1,210	1,021	929	747
Total Equity & Noncontrolling Interests	-132	61	983	851	939	1,090	371	228	681	1,359
Total Preferred & Common Equity	-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	-132	61	983	851	939	1,090	371	228	681	1,359
Common Stock	819	863	1,761	1,824	1,899	1,969	2,075	2,180	2,320	2,497
Retained Earnings	1,451	1,644	1,647	1,755	1,989	2,255	3,049	3,857	4,739	5,993
Treasury Stock	-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)	-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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	6,526	7,300	7,379	7,356	7,244	7,836	7,710	7,431	7,845	8,535
Total Current Assets	1,980	2,786	2,903	2,899	2,838	3,428	3,326	3,109	3,552	4,197
Cash & Equivalents	529	698	894	1,173	1,249	1,319	1,236	1,236	1,768	1,933
Accounts Receivable	1,047	1,557	1,523	1,272	1,141	1,601	1,566	1,404	1,306	1,696
Prepaid Expenses	135	119	143	143	162	127	174	148	173	153
Other Current Assets	269	363	344	311	285	380	351	321	304	414
Plant, Property, & Equipment, net	256	265	257	259	260	263	257	258	254	243
Total Noncurrent Assets	4,290	4,249	4,219	4,198	4,147	4,145	4,127	4,064	4,040	4,095
Goodwill	2,936	2,930	2,930	2,932	2,933	2,937	2,934	2,934	2,938	2,930
Intangible Assets	604	585	564	548	519	502	478	455	440	410
Other Noncurrent Operating Assets	750	734	725	719	695	706	715	674	662	755
Total Liabilities & Shareholders' Equity	6,526	7,300	7,379	7,356	7,244	7,836	7,710	7,431	7,845	8,535
Total Liabilities	6,591	7,072	6,906	6,769	6,678	7,155	6,992	6,784	6,781	7,176
Total Current Liabilities	3,086	3,598	3,454	3,337	3,313	3,778	3,640	3,462	3,472	3,969
Short-Term Debt	7.34	7.80	8.40	9.00	9.60	9.60	0.00	0.00	0.00	0.00
Accounts Payable	849	1,115	839	829	909	1,128	844	835	910	1,206
Current Deferred Revenue	2,230	2,444	2,607	2,499	2,395	2,641	2,796	2,627	2,562	2,763
Total Noncurrent Liabilities	3,505	3,474	3,452	3,432	3,365	3,378	3,351	3,322	3,309	3,206
Long-Term Debt	2,455	2,454	2,452	2,451	2,450	2,449	2,457	2,458	2,459	2,460
Other Noncurrent Operating Liabilities	1,050	1,021	999	981	915	929	894	864	850	747
Total Equity & Noncontrolling Interests	-65	228	473	587	567	681	718	647	1,065	1,359
Total Preferred & Common Equity	-65	228	473	587	567	681	718	647	1,065	1,359
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-65	228	473	587	567	681	718	647	1,065	1,359
Common Stock	2,162	2,180	2,223	2,259	2,291	2,320	2,374	2,422	2,461	2,497
Retained Earnings	3,600	3,857	4,153	4,351	4,531	4,739	4,950	5,179	5,594	5,993
Treasury Stock	-5,696	-5,707	-5,806	-5,938	-6,161	-6,303	-6,523	-6,873	-6,935	-7,043
Accumulated Other Comprehensive Income / (Loss)	-131	-102	-96	-85	-95	-76	-82	-82	-56	-88

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.01%	13.01%	35.46%	20.05%	6.79%	-3.44%	15.48%	15.67%	7.87%	6.10%
EBITDA Growth	4.28%	10.82%	-33.35%	127.76%	3.32%	21.62%	80.42%	3.22%	6.85%	15.77%
EBIT Growth	2.60%	7.02%	-100.92%	10,698.02%	23.00%	29.01%	124.25%	5.71%	8.08%	17.36%
NOPAT Growth	-2.94%	10.21%	-102.16%	4,063.47%	78.32%	28.04%	86.90%	15.46%	9.98%	9.81%
Net Income Growth	-4.42%	10.22%	-98.31%	3,634.55%	90.51%	14.34%	197.50%	1.79%	9.24%	42.07%
EPS Growth	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	-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	-44.90%	223.91%	-1,385.61%	117.24%	-14.83%	97.76%	16.15%	-5.75%	13.94%	-11.38%
Invested Capital Growth	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	2.84%	2.49%	10.38%	1.91%	2.77%	-2.17%	4.26%	3.76%	1.40%	2.10%
EBITDA Q/Q Growth	2.96%	3.11%	3.95%	9.86%	0.40%	7.09%	1.68%	10.02%	-2.42%	1.09%
EBIT Q/Q Growth	2.48%	3.07%	-106.48%	30.19%	0.33%	10.44%	2.46%	12.26%	-2.84%	1.13%
NOPAT Q/Q Growth	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	3.92%	0.37%	108.73%	-15.98%	-6.54%	24.16%	12.75%	6.24%	-5.18%	17.86%
EPS Q/Q Growth	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	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	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	1.39%	8.02%	-6.96%	2.58%	1.66%	-4.27%	2.23%	5.59%	2.43%	7.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.21%	61.32%	60.13%	63.05%	63.48%	67.19%	69.50%	69.07%	67.78%	67.72%
EBITDA Margin	15.79%	15.49%	7.62%	14.46%	13.99%	17.62%	27.53%	24.56%	24.33%	26.55%
Operating Margin	13.31%	12.48%	-0.19%	6.53%	8.72%	11.96%	19.34%	20.09%	20.94%	18.45%
EBIT Margin	13.55%	12.83%	-0.09%	7.68%	8.85%	11.82%	22.95%	20.97%	21.02%	23.25%
Profit (Net Income) Margin	8.12%	7.92%	0.10%	3.08%	5.50%	6.51%	16.76%	14.75%	14.94%	20.00%
Tax Burden Percent	64.52%	67.12%	-2.57%	67.61%	84.61%	81.79%	81.82%	78.64%	76.93%	90.37%
Interest Burden Percent	92.91%	91.99%	4,436.55%	59.32%	73.42%	67.31%	89.27%	89.44%	92.41%	95.23%
Effective Tax Rate	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)	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)	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)	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)	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)	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)	14.39%	13.83%	-0.06%	4.53%	5.63%	6.70%	14.75%	15.61%	16.40%	17.80%
Return on Assets (ROA)	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)	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)	-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)	186	205	-4.43	176	313	401	749	865	952	1,045
NOPAT Margin	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)	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	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	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%
Operating Expenses to Revenue	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)	293	314	-2.88	305	376	484	1,086	1,149	1,241	1,457
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	342	379	252	575	594	722	1,303	1,345	1,437	1,664
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	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
Price to Revenue (P/Rev)	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)	42.79	43.13	3,404.61	94.89	59.09	53.62	34.65	32.88	39.85	29.81
Dividend Yield	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	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)	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	3.51	4.20	3.46	3.70	3.80	6.17	5.17	6.15	6.05
Enterprise Value to EBITDA (EV/EBITDA)	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)	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)	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)	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)	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	-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	-5.92	10.91	2.95	2.49	2.18	1.80	6.62	10.77	3.60	1.81
Financial Leverage	16.88	-9.31	2.45	2.44	2.25	1.56	2.03	5.76	3.18	0.82
Leverage Ratio	141.56	-63.42	9.24	7.35	7.46	7.13	10.08	24.57	16.66	8.03
Compound Leverage Factor	131.52	-58.34	409.97	4.36	5.48	4.80	9.00	21.98	15.40	7.64
Debt to Total Capital	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	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	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%
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%
Common Equity to Total Capital	-19.29%	8.06%	23.07%	27.16%	30.06%	35.53%	13.09%	8.47%	21.68%	35.59%
Debt to EBITDA	2.40	1.83	12.99	3.97	3.68	2.74	1.89	1.83	1.71	1.48
Net Debt to EBITDA	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	2.29	1.75	11.49	3.68	3.44	2.71	1.89	1.82	1.70	1.48
Debt to NOPAT	4.41	3.39	-740.10	12.99	6.97	4.94	3.29	2.85	2.58	2.35
Net Debt to NOPAT	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	4.22	3.24	-654.39	12.05	6.53	4.88	3.28	2.84	2.57	2.35
Altman Z-Score	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%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.92	0.92	0.69	0.71	0.79	0.78	0.77	0.91	1.06
Quick Ratio	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)	73	237	-3,050	526	448	886	1,029	969	1,105	979
Operating Cash Flow to CapEx	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	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	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	13.28	11.46	1.12	2.72	4.05	5.11	10.57	7.87	7.93	10.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.06	1.08	0.69	0.59	0.64	0.57	0.64	0.74	0.78	0.77
Accounts Receivable Turnover	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
Fixed Asset Turnover	20.93	21.23	19.30	16.25	13.87	12.03	15.51	20.35	22.40	24.79
Accounts Payable Turnover	2.26	2.28	2.38	2.13	2.07	1.54	1.38	1.51	1.70	1.73
Days Sales Outstanding (DSO)	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
Days Payable Outstanding (DPO)	161.27	159.88	153.11	171.09	176.42	236.26	263.78	242.43	215.06	210.53
Cash Conversion Cycle (CCC)	-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	313	281	3,326	2,976	2,841	2,357	2,077	1,973	1,820	1,886
Invested Capital Turnover	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	113	-32	3,045	-350	-135	-485	-279	-104	-153	66
Enterprise Value (EV)	7,961	8,570	13,904	13,745	15,687	15,569	29,200	28,327	36,303	37,896
Market Capitalization	7,515	8,349	11,164	11,620	13,785	14,303	27,494	26,563	35,163	37,369
Book Value per Share	($1.60)	$0.74	$10.85	$9.36	$10.49	$12.21	$4.51	$2.88	$8.73	$17.62
Tangible Book Value per Share	($11.40)	($9.13)	($36.36)	($34.27)	($32.69)	($29.82)	($40.06)	($41.60)	($35.39)	($25.68)
Total Capital	686	755	4,262	3,132	3,122	3,069	2,834	2,689	3,139	3,819
Total Debt	819	694	3,279	2,282	2,184	1,979	2,463	2,461	2,458	2,460
Total Long-Term Debt	784	664	2,899	2,116	2,044	1,958	2,457	2,454	2,449	2,460
Net Debt	446	220	2,740	2,125	1,903	1,266	1,706	1,763	1,139	527
Capital Expenditures (CapEx)	46	50	111	127	149	84	60	108	103	102
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-520	-561	-393	-800	-979	-1,317	-1,509	-1,502	-1,659	-1,706
Debt-free Net Working Capital (DFNWC)	-147	-87	146	-644	-698	-604	-753	-804	-340	228
Net Working Capital (NWC)	-182	-117	-234	-809	-838	-624	-759	-811	-350	228
Net Nonoperating Expense (NNE)	10	11	-7.71	53	80	134	-44	57	69	-209
Net Nonoperating Obligations (NNO)	446	220	2,343	2,125	1,903	1,266	1,706	1,745	1,139	527
Total Depreciation and Amortization (D&A)	49	65	255	269	218	238	217	197	196	207
Debt-free, Cash-free Net Working Capital to Revenue	-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	-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	-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	$2.09	$2.34	$0.04	$1.35	$2.60	$2.99	$9.33	$10.08	$11.17	$16.12
Adjusted Weighted Average Basic Shares Outstanding	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	$2.06	$2.31	$0.04	$1.33	$2.56	$2.96	$9.21	$9.96	$11.08	$16.00
Adjusted Weighted Average Diluted Shares Outstanding	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	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)	203	233	106	248	321	406	754	872	959	1,046
Normalized NOPAT Margin	9.37%	9.55%	3.22%	6.24%	7.56%	9.90%	15.93%	15.93%	16.23%	16.69%
Pre Tax Income Margin	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	12.99	11.37	-0.02	2.41	3.65	3.02	9.17	9.10	9.35	11.12
NOPAT to Interest Expense	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	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	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%
Augmented Payout Ratio	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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.19%	15.19%	11.57%	9.20%	5.78%	5.41%	4.55%	6.11%	5.36%	8.13%
EBITDA Growth	9.40%	46.88%	54.24%	-5.08%	-4.74%	-9.29%	-27.79%	10.21%	101.72%	5.16%
EBIT Growth	13.85%	60.15%	65.82%	-5.56%	-6.12%	-10.87%	-31.78%	10.60%	121.21%	5.45%
NOPAT Growth	9.95%	28.03%	81.60%	-3.79%	3.42%	-19.18%	-29.80%	15.18%	-1.20%	85.14%
Net Income Growth	16.58%	22.67%	71.45%	-3.36%	3.72%	-18.76%	-28.82%	15.91%	130.57%	91.04%
EPS Growth	23.30%	28.23%	76.92%	-1.98%	4.15%	-16.35%	-27.45%	18.15%	135.40%	90.98%
Operating Cash Flow Growth	-8.73%	-13.49%	-1.85%	4.85%	5.09%	10.45%	14.67%	-15.10%	78.51%	49.49%
Free Cash Flow Firm Growth	-41.40%	-22.78%	-13.77%	-34.78%	-18.45%	-1.31%	-19.43%	-16.11%	-25.23%	-6.84%
Invested Capital Growth	-8.04%	-5.02%	-3.97%	-4.35%	-4.91%	-7.76%	-4.94%	-0.27%	-1.21%	3.63%
Revenue Q/Q Growth	-3.24%	12.98%	-6.37%	6.69%	-6.28%	12.59%	-7.14%	8.29%	-6.94%	15.55%
EBITDA Q/Q Growth	-12.34%	23.54%	18.91%	-26.29%	-12.02%	17.65%	-5.35%	12.50%	61.02%	-38.67%
EBIT Q/Q Growth	-14.17%	27.33%	22.34%	-29.36%	-14.68%	20.88%	-6.37%	14.53%	70.64%	-42.37%
NOPAT Q/Q Growth	-14.11%	48.07%	12.78%	-32.93%	-7.67%	15.72%	-2.05%	10.05%	-20.80%	116.84%
Net Income Q/Q Growth	-15.31%	47.98%	15.17%	-33.04%	-9.11%	15.90%	0.92%	9.03%	80.81%	-3.97%
EPS Q/Q Growth	-14.23%	46.54%	15.72%	-32.61%	-8.87%	17.70%	0.38%	9.74%	81.57%	-4.51%
Operating Cash Flow Q/Q Growth	-24.23%	-35.50%	-18.92%	164.63%	-24.06%	-32.22%	-15.82%	95.92%	59.68%	-43.23%
Free Cash Flow Firm Q/Q Growth	-22.64%	9.08%	4.15%	-25.79%	-3.27%	32.01%	-14.97%	-22.74%	-13.78%	64.48%
Invested Capital Q/Q Growth	-4.62%	5.59%	3.40%	-8.15%	-5.18%	2.43%	6.56%	-3.64%	-6.07%	7.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.70%	68.41%	69.11%	67.57%	68.00%	66.60%	68.81%	67.82%	67.98%	66.48%
EBITDA Margin	23.33%	25.51%	32.40%	22.38%	21.01%	21.96%	22.38%	23.25%	40.23%	21.35%
Operating Margin	19.03%	22.09%	28.96%	18.83%	17.35%	19.00%	18.59%	19.99%	16.56%	18.53%
EBIT Margin	19.70%	22.20%	29.01%	19.20%	17.48%	18.77%	18.93%	20.02%	36.71%	18.31%
Profit (Net Income) Margin	13.03%	17.07%	20.99%	13.17%	12.78%	13.15%	14.29%	14.39%	27.96%	23.24%
Tax Burden Percent	74.78%	84.44%	77.58%	74.98%	80.19%	75.25%	81.12%	76.70%	78.78%	132.13%
Interest Burden Percent	88.46%	91.04%	93.30%	91.49%	91.14%	93.12%	93.11%	93.74%	96.70%	96.08%
Effective Tax Rate	25.22%	15.56%	22.42%	25.02%	19.81%	24.75%	18.88%	23.30%	21.22%	-32.13%
Return on Invested Capital (ROIC)	38.50%	50.43%	60.65%	42.36%	44.47%	44.54%	45.27%	49.66%	45.35%	82.81%
ROIC Less NNEP Spread (ROIC-NNEP)	37.63%	49.05%	59.49%	41.52%	43.45%	43.28%	44.43%	48.47%	68.64%	80.25%
Return on Net Nonoperating Assets (RNNOA)	506.77%	282.68%	359.71%	317.20%	272.25%	137.42%	104.02%	98.64%	79.98%	65.55%
Return on Equity (ROE)	545.27%	333.11%	420.36%	359.56%	316.72%	181.96%	149.28%	148.30%	125.33%	148.36%
Cash Return on Invested Capital (CROIC)	49.66%	47.87%	52.42%	56.56%	60.17%	58.25%	48.16%	47.81%	51.59%	52.83%
Operating Return on Assets (OROA)	15.38%	16.52%	22.71%	15.83%	14.79%	14.65%	14.98%	16.42%	29.86%	14.02%
Return on Assets (ROA)	10.17%	12.70%	16.43%	10.86%	10.81%	10.27%	11.31%	11.80%	22.75%	17.79%
Return on Common Equity (ROCE)	545.27%	333.11%	420.36%	359.56%	316.72%	181.96%	149.28%	148.30%	125.33%	148.36%
Return on Equity Simple (ROE_SIMPLE)	-1,171.09%	0.00%	196.90%	157.57%	164.24%	0.00%	111.01%	128.16%	99.91%	0.00%
Net Operating Profit after Tax (NOPAT)	190	281	316	212	196	227	222	244	194	420
NOPAT Margin	14.23%	18.65%	22.46%	14.12%	13.91%	14.30%	15.08%	15.33%	13.05%	24.48%
Net Nonoperating Expense Percent (NNEP)	0.88%	1.38%	1.16%	0.84%	1.02%	1.26%	0.83%	1.19%	-23.30%	2.56%
Return On Investment Capital (ROIC_SIMPLE)	-	10.44%	-	-	-	7.23%	-	-	-	11.00%
Cost of Revenue to Revenue	31.30%	31.59%	30.89%	32.43%	32.00%	33.41%	31.19%	32.18%	32.02%	33.52%
SG&A Expenses to Revenue	46.03%	42.87%	46.64%	45.25%	46.89%	44.37%	46.83%	44.64%	47.95%	44.96%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.68%	46.32%	40.16%	48.74%	50.65%	47.59%	50.21%	47.83%	51.41%	47.95%
Earnings before Interest and Taxes (EBIT)	262	334	409	289	246	298	279	319	545	314
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	311	384	456	336	296	348	330	371	597	366
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	116.61	54.47	47.21	47.80	51.66	51.74	53.91	36.68	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
Price to Revenue (P/Rev)	4.15	4.85	4.58	4.82	4.65	5.95	6.22	5.75	6.36	5.96
Price to Earnings (P/E)	28.78	32.88	27.66	29.96	29.10	39.85	46.61	42.07	36.71	29.81
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.47%	3.04%	3.62%	3.34%	3.44%	2.51%	2.15%	2.38%	2.72%	3.35%
Enterprise Value to Invested Capital (EV/IC)	12.75	14.36	13.39	15.46	15.92	19.95	19.79	19.31	22.64	20.09
Enterprise Value to Revenue (EV/Rev)	4.51	5.17	4.86	5.04	4.86	6.15	6.43	5.95	6.47	6.05
Enterprise Value to EBITDA (EV/EBITDA)	19.48	21.06	18.15	19.48	19.21	25.26	29.29	26.83	24.15	22.78
Enterprise Value to EBIT (EV/EBIT)	23.28	24.66	20.85	22.40	22.15	29.24	34.53	31.59	27.59	26.01
Enterprise Value to NOPAT (EV/NOPAT)	29.58	32.74	27.13	29.02	28.15	38.15	44.76	40.56	44.67	36.27
Enterprise Value to Operating Cash Flow (EV/OCF)	21.02	25.72	24.88	25.91	24.94	31.41	32.53	32.39	28.93	25.52
Enterprise Value to Free Cash Flow (EV/FCFF)	24.59	29.22	25.03	26.73	25.80	32.87	40.05	40.33	43.61	38.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-37.92	10.81	5.20	4.19	4.34	3.61	3.42	3.80	2.31	1.81
Long-Term Debt to Equity	-37.81	10.77	5.19	4.18	4.32	3.60	3.42	3.80	2.31	1.81
Financial Leverage	13.47	5.76	6.05	7.64	6.27	3.18	2.34	2.03	1.17	0.82
Leverage Ratio	50.15	24.57	24.30	31.44	27.45	16.66	12.67	11.99	9.25	8.03
Compound Leverage Factor	44.36	22.37	22.68	28.76	25.02	15.52	11.80	11.24	8.95	7.71
Debt to Total Capital	102.71%	91.53%	83.88%	80.75%	81.28%	78.32%	77.38%	79.17%	69.78%	64.41%
Short-Term Debt to Total Capital	0.31%	0.29%	0.29%	0.30%	0.32%	0.31%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	102.40%	91.24%	83.60%	80.45%	80.96%	78.01%	77.38%	79.17%	69.78%	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%
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%
Common Equity to Total Capital	-2.71%	8.47%	16.12%	19.25%	18.72%	21.68%	22.62%	20.83%	30.22%	35.59%
Debt to EBITDA	2.01	1.83	1.63	1.65	1.67	1.71	1.88	1.83	1.49	1.48
Net Debt to EBITDA	1.58	1.31	1.04	0.87	0.82	0.79	0.93	0.91	0.42	0.32
Long-Term Debt to EBITDA	2.01	1.82	1.63	1.65	1.66	1.70	1.88	1.83	1.49	1.48
Debt to NOPAT	3.06	2.85	2.44	2.46	2.45	2.58	2.87	2.76	2.76	2.35
Net Debt to NOPAT	2.40	2.04	1.56	1.29	1.20	1.20	1.42	1.37	0.78	0.50
Long-Term Debt to NOPAT	3.05	2.84	2.44	2.45	2.44	2.57	2.87	2.76	2.76	2.35
Altman Z-Score	3.50	3.76	3.88	4.12	4.15	4.62	4.93	4.96	5.48	5.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.64	0.77	0.84	0.87	0.86	0.91	0.91	0.90	1.02	1.06
Quick Ratio	0.51	0.63	0.70	0.73	0.72	0.77	0.77	0.76	0.89	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	353	385	401	297	288	380	323	250	215	354
Operating Cash Flow to CapEx	981.80%	540.34%	779.66%	1,704.14%	1,163.21%	801.78%	833.35%	1,259.80%	2,292.55%	1,400.76%
Free Cash Flow to Firm to Interest Expense	11.65	11.06	14.64	12.11	13.19	6.44	16.81	12.48	11.98	4.79
Operating Cash Flow to Interest Expense	10.40	5.84	6.01	17.75	15.17	3.80	9.83	18.51	32.89	4.54
Operating Cash Flow Less CapEx to Interest Expense	9.34	4.76	5.24	16.70	13.86	3.33	8.65	17.04	31.46	4.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.74	0.78	0.82	0.85	0.78	0.79	0.82	0.81	0.77
Accounts Receivable Turnover	5.23	3.75	3.95	4.70	5.33	3.74	3.87	4.53	5.02	3.80
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.08	20.35	21.82	22.59	22.58	22.40	23.26	23.45	23.89	24.79
Accounts Payable Turnover	1.88	1.51	2.10	2.26	2.10	1.70	2.29	2.35	2.18	1.73
Days Sales Outstanding (DSO)	69.75	97.38	92.51	77.58	68.54	97.57	94.43	80.55	72.73	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
Days Payable Outstanding (DPO)	193.92	242.43	174.08	161.33	173.49	215.06	159.35	155.47	167.78	210.53
Cash Conversion Cycle (CCC)	-124.16	-145.05	-81.57	-83.75	-104.95	-117.49	-64.93	-74.92	-95.05	-114.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,869	1,973	2,040	1,874	1,777	1,820	1,939	1,869	1,755	1,886
Invested Capital Turnover	2.71	2.70	2.70	3.00	3.20	3.11	3.00	3.24	3.48	3.38
Increase / (Decrease) in Invested Capital	-163	-104	-84	-85	-92	-153	-101	-5.07	-22	66
Enterprise Value (EV)	23,818	28,327	27,323	28,977	28,295	36,303	38,377	36,083	39,741	37,896
Market Capitalization	21,884	26,563	25,756	27,689	27,085	35,163	37,156	34,861	39,051	37,369
Book Value per Share	($0.82)	$2.88	$5.98	$7.42	$7.19	$8.73	$9.17	$8.33	$13.82	$17.62
Tangible Book Value per Share	($45.58)	($41.60)	($38.21)	($36.60)	($36.61)	($35.39)	($34.39)	($35.33)	($30.02)	($25.68)
Total Capital	2,397	2,689	2,934	3,047	3,026	3,139	3,175	3,105	3,524	3,819
Total Debt	2,462	2,461	2,461	2,460	2,460	2,458	2,457	2,458	2,459	2,460
Total Long-Term Debt	2,455	2,454	2,452	2,451	2,450	2,449	2,457	2,458	2,459	2,460
Net Debt	1,934	1,763	1,567	1,287	1,210	1,139	1,221	1,222	691	527
Capital Expenditures (CapEx)	32	38	21	26	28	28	23	29	26	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,627	-1,502	-1,436	-1,602	-1,715	-1,659	-1,550	-1,589	-1,689	-1,706
Debt-free Net Working Capital (DFNWC)	-1,098	-804	-543	-429	-466	-340	-314	-353	80	228
Net Working Capital (NWC)	-1,106	-811	-551	-438	-475	-350	-314	-353	80	228
Net Nonoperating Expense (NNE)	16	24	21	14	16	18	12	15	-221	21
Net Nonoperating Obligations (NNO)	1,934	1,745	1,567	1,287	1,210	1,139	1,221	1,222	691	527
Total Depreciation and Amortization (D&A)	48	50	48	48	50	51	51	52	52	52
Debt-free, Cash-free Net Working Capital to Revenue	-30.83%	-27.42%	-25.54%	-27.87%	-29.44%	-28.09%	-25.96%	-26.21%	-27.51%	-27.21%
Debt-free Net Working Capital to Revenue	-20.81%	-14.68%	-9.65%	-7.46%	-7.99%	-5.76%	-5.26%	-5.82%	1.30%	3.63%
Net Working Capital to Revenue	-20.95%	-14.82%	-9.80%	-7.62%	-8.16%	-5.92%	-5.26%	-5.82%	1.30%	3.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.19	$3.24	$3.72	$2.50	$2.28	$2.67	$2.69	$2.95	$5.36	$5.12
Adjusted Weighted Average Basic Shares Outstanding	79.26M	80.18M	79.45M	79.29M	78.92M	79.00M	78.34M	77.82M	77.48M	77.79M
Adjusted Diluted Earnings per Share	$2.17	$3.18	$3.68	$2.48	$2.26	$2.66	$2.67	$2.93	$5.32	$5.08
Adjusted Weighted Average Diluted Shares Outstanding	80.06M	81.07M	80.28M	79.82M	79.52M	79.68M	78.96M	78.29M	77.97M	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	79.02M	79.06M	79.04M	78.83M	77.95M	77.97M	77.63M	77.06M	77.13M	76.82M
Normalized Net Operating Profit after Tax (NOPAT)	191	283	318	214	200	228	223	245	194	222
Normalized NOPAT Margin	14.30%	18.83%	22.54%	14.22%	14.17%	14.38%	15.11%	15.35%	13.06%	12.97%
Pre Tax Income Margin	17.42%	20.21%	27.06%	17.57%	15.93%	17.48%	17.62%	18.76%	35.50%	17.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.66	9.60	14.92	11.76	11.29	5.05	14.51	15.97	30.33	4.25
NOPAT to Interest Expense	6.26	8.06	11.55	8.64	8.98	3.84	11.56	12.23	10.78	5.68
EBIT Less CapEx to Interest Expense	7.60	8.52	14.15	10.71	9.98	4.57	13.33	14.50	28.90	3.93
NOPAT Less CapEx to Interest Expense	5.20	6.98	10.78	7.60	7.68	3.37	10.38	10.76	9.35	5.36
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%
Augmented Payout Ratio	163.50%	129.21%	75.13%	38.11%	49.97%	68.69%	90.87%	112.53%	74.44%	58.65%

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 9 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 $175.64 million in 2015. The previous period was $882.47 million in 2023.

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 revenue changed over the last 9 years?

Over the last 9 years, Gartner's total revenue changed from $2.16 billion in 2015 to $6.27 billion in 2024, a change of 189.7%.

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 211.9% increase since 2015.

How much cash does Gartner have?

In the past 9 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 9 years?

Over the last 9 years, Gartner's book value per share changed from -1.60 in 2015 to 17.62 in 2024, a change of -1,202.7%.

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This page (NYSE:IT) was last updated on 4/14/2025 by MarketBeat.com Staff

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Gartner (IT) Financials

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