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Gartner, Inc.

IT

Gartner, Inc. • NYSE
$232.74 ▲ 0.64% (+1.49)
Market Cap $17.86 B
52w High $584.01
52w Low $222.54
Dividend Yield 0%
P/E 20.33
Volume 418.83K
Outstanding Shares 76.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.524B ▼ $963.51M ▲ $35.357M ▼ 2.32% ▼ $0.47 ▼ $136.714M ▼
Q2-2025 $1.686B ▲ $827.627M ▲ $240.783M ▲ 14.277% ▲ $3.12 ▲ $380.333M ▲
Q1-2025 $1.534B ▼ $781.068M ▼ $210.939M ▼ 13.75% ▼ $2.73 ▼ $331.181M ▼
Q4-2024 $1.715B ▲ $822.399M ▲ $398.573M ▼ 23.239% ▼ $5.14 ▼ $426.746M ▼
Q3-2024 $1.484B $763.14M $415.049M 27.962% $5.36 $596.085M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.431B ▼ $7.249B ▼ $6.693B ▼ $556.552M ▼
Q2-2025 $2.198B ▲ $8.328B ▼ $6.795B ▼ $1.533B ▲
Q1-2025 $2.091B ▲ $8.48B ▼ $6.982B ▼ $1.498B ▲
Q4-2024 $1.933B ▲ $8.535B ▲ $7.176B ▲ $1.359B ▲
Q3-2024 $1.768B $7.845B $6.781B $1.065B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $35.357M ▼ $298.744M ▼ $-29.493M ▲ $-1.048B ▼ $-766.806M ▼ $269.251M ▼
Q2-2025 $240.783M ▲ $383.565M ▲ $-36.248M ▼ $-266.752M ▼ $106.488M ▼ $347.317M ▲
Q1-2025 $210.939M ▼ $313.512M ▼ $-25.569M ▼ $-152.936M ▼ $157.901M ▼ $287.943M ▼
Q4-2024 $398.573M ▼ $335.355M ▼ $-23.941M ▲ $-94.586M ▼ $164.855M ▼ $311.414M ▼
Q3-2024 $415.049M $590.767M $-25.769M $-62.328M $532.507M $564.998M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Consulting
Consulting
 $150.00M ▲$140.00M ▼$160.00M ▲$120.00M ▼
Events
Events
 $250.00M ▲$70.00M ▼$210.00M ▲$70.00M ▼
Research Segment
Research Segment
 $1.31Bn ▲$1.32Bn ▲$1.32Bn ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Gartner’s income statement shows a business that has grown steadily and become more profitable over the last five years. Revenue has climbed each year, and gross margins remain high, reflecting the attractive economics of research and advisory work. Profitability has improved meaningfully, with earnings growing faster than sales, suggesting good cost discipline and strong pricing power. One nuance: operating profit eased slightly in the most recent year despite higher revenue, which hints at heavier spending on people, technology, or sales to support future growth. Overall, it looks like a mature, high-margin business that is still expanding, with some ongoing investment running through the income statement.

Balance Sheet

Balance Sheet The balance sheet looks asset‑light, cash‑generative, and moderately leveraged. Cash levels have risen over time, giving Gartner more flexibility and a better liquidity cushion. Debt has stayed relatively steady at a meaningful level, so the company still leans on borrowing, but rising profits and cash flows make that debt more manageable. Shareholders’ equity dipped earlier in the period—likely reflecting share buybacks—but has rebuilt in the last couple of years, which improves the reported capital base. In simple terms, this is a solid but leveraged balance sheet, supported by recurring, high‑margin revenue rather than heavy physical assets.

Cash Flow

Cash Flow Cash flow is a clear strength. Operating cash generation has generally moved upward alongside earnings, and free cash flow sits close to operating cash flow because the business does not require much capital spending. This is typical of a research and advisory model: most spending is on people and content rather than on factories or equipment. The pattern suggests Gartner can fund growth initiatives, service its debt, and return capital to shareholders while still keeping a safety buffer. Some year‑to‑year bumps are visible, but the overall trend is toward stronger, more reliable cash generation.

Competitive Edge

Competitive Edge Gartner occupies a powerful niche as a trusted source of technology research and advice, rather than as a technology maker itself. Its brand carries significant weight in boardrooms and IT departments, and its frameworks—like the Magic Quadrant and Hype Cycle—are embedded in how many organizations make technology decisions. This creates high switching costs: once a company builds Gartner’s methodologies into its processes, changing providers becomes disruptive and risky. A large global analyst network and a vast client base feed each other, producing network effects and a proprietary data advantage that are hard for smaller or newer rivals to match. Subscription contracts and multi‑year relationships further reinforce this entrenched position.

Innovation and R&D

Innovation and R&D Gartner’s innovation is centered on methods, data, and delivery rather than on building hardware or software products. Its long‑refined research frameworks are a form of intellectual property, and the firm continues to evolve how it packages and delivers insights. Recent moves around artificial intelligence are important: tools like AskGartner aim to make its research more searchable, personalized, and always‑on. The company is also deeply involved in analyzing emerging themes such as agentic AI, AI governance, disinformation risk, and energy‑efficient computing, which can both shape client decisions and inform new service offerings. Overall, innovation here is about deepening the value of its insight engine and integrating AI into how clients access and apply that insight.

Summary

Gartner looks like a high‑quality, insight‑driven business with steady revenue growth, expanding earnings, and strong free cash flow, all anchored by a powerful brand and embedded role in enterprise technology decisions. The balance sheet carries notable debt but is supported by recurring, high‑margin cash flows and growing cash reserves. Its competitive moat rests on reputation, proprietary methodologies, network effects, and high switching costs, rather than on traditional R&D or patents. The main watch points are continued investment needs to sustain growth (which can pressure margins in some years), the management of leverage, and how effectively Gartner harnesses artificial intelligence—both as a subject of its research and as a tool within its own products—to keep its advisory edge in a fast‑moving tech landscape.

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