A Business at a Glance
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GARTNER INC
IT
$10.6B
Mkt Cap
$140.50
+5.09%
GARTNER INC (IT) has a current P/E ratio of 14.6, compared to its historical median P/E of 40.8. The stock is currently considered Cheap based on its historical valuation range.
GARTNER INC (IT) has a 5-year average return on invested capital (ROIC) of 39.5%. This indicates strong capital allocation and a potential competitive advantage.
GARTNER INC (IT) has a market capitalization of $9.8B. It is classified as a mid-cap stock.
GARTNER INC (IT) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 24.04%.
Based on historical P/E analysis, GARTNER INC (IT) appears cheap. The current P/E of 14.6 is 64% below its historical median of 40.8. The estimated fair value CAGR (P/E method) is 38.8%.
GARTNER INC (IT) operates in the Services-Management Services industry, within the Industrials sector.
GARTNER INC (IT) reported annual revenue of $6.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Gartner is a trusted advisor delivering actionable, objective business and technology insights to over 13,000 enterprises across approximately 90 countries and territories through three reportable segments: Business and Technology Insights, Conferences, and Consulting. The Insights segment, the foundation of the business, provides subscription-based access to proprietary research, published content, data, benchmarks, and direct access to a network of more than 2,400 business and technology experts globally, with clients typically signing minimum 12-month contracts (77% multi-year as of December 2025) and generating 510,000+ direct client interactions annually. The Conferences segment hosts 53+ in-person destination conferences annually, including the flagship Gartner Symposium/Xpo series, attracting over 83,000 attendees in 2025 and providing networking and learning opportunities for executives. The Consulting segment serves senior executives on technology-driven strategic initiatives, combining Gartner's proprietary insights with custom analysis and on-the-ground support to optimize technology investments. The business model leverages substantial operating leverage by distributing intellectual property across multiple platforms—subscription services, conferences, and consulting—to drive incremental revenue and profitability, with Insights contribution margin at 77% in 2025. Gartner's competitive differentiation rests on superior, independent content; a 40+ year brand heritage; global footprint with established customer base; a vast network of experts and consultants across 40 countries; and experienced management, positioning the company to address mission-critical priorities across all enterprise functions and geographies.
【Contract value acceleration expected】 Management expects contract value to accelerate throughout 2026 and into 2027, driven by operational transformations implemented in the second half of 2025, including enhanced engagement initiatives, improved retention, and new business growth across both GTS and GBS segments. The company anticipates meaningful tailwinds from the normalization of federal government headwinds (approximately 200 basis points of contract value growth benefit) and stabilization in tariff-affected industries as clients gain clarity on trade policies, with expectations for at least 100 basis points of additional growth from these factors. Management is committed to delivering adjusted EPS growth on a compound annual basis above 12% over the next three years, supported by continued margin expansion from the 24.1% baseline, strong free cash flow generation, and disciplined capital allocation including share repurchases and strategic tuck-in M&A. The company remains focused on investing in key areas such as expert talent, AI capabilities, customer experience, and frontline sellers to sustain double-digit growth in the medium term, with confidence that the combination of CV acceleration, operating expense management, and strategic investments will drive long-term value creation.
| Metric | Target | Period |
|---|---|---|
| Consolidated Revenue | at or above $6.405 billion | FY2026 |
| Full-year EBITDA | at or above $1.545 billion | FY2026 |
| Full-year EBITDA Margin | at or above 24.1% | FY2026 |
| Adjusted EPS | at or above $13.25 | FY2026 |
| Free Cash Flow | at or above $1.16 billion | FY2026 |
| Adjusted EPS Compound Annual Growth Rate | above 12% | 3-year period from 2026 |
Consolidated Revenue (FY2026): “For 2026, we expect consolidated revenue at or above $6.405 billion, which is updated from last quarter and is FX neutral growth of 1%.”
Full-year EBITDA (FY2026): “We now expect full-year EBITDA at or above $1.545 billion, up $30 million from our prior guidance.”
Full-year EBITDA Margin (FY2026): “This reflects full-year margins at or above 24.1%, also up from last quarter.”
Adjusted EPS (FY2026): “We expect 2026 adjusted EPS at or above $13.25, an increase from last quarter that primarily reflects the increase in the EBITDA outlook and a lower share count.”
Free Cash Flow (FY2026): “For 2026, we expect free cash flow at or above $1.16 billion.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.5B | 6.5B | 6.3B | 5.9B | 5.5B | 4.7B |
| Net Income | 741M | 729M | 1.3B | 882M | 808M | 794M |
| EPS | $9.94 | $9.65 | $16.00 | $11.08 | $9.96 | $9.21 |
| Free Cash Flow | 1.3B | 1.2B | 1.4B | 1.1B | 993M | 1.3B |
| ROIC | 56.6% | 40.3% | 50.3% | 42.7% | 36.0% | 28.4% |
| Gross Margin | 69.3% | 68.8% | 68.3% | 68.3% | 69.7% | 69.5% |
| Debt/Equity | 47.41 | 10.54 | 2.15 | 4.54 | 13.98 | 8.84 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.1B | 1.0B | 1.2B | 1.2B | 1.1B | 916M |
| Operating Margin | 16.4% | 15.8% | 18.4% | 20.9% | 20.1% | 19.3% |
| ROE | 1168.5% | 86.9% | 122.9% | 194.3% | 269.8% | 108.6% |
| Shares Outstanding | 70M | 76M | 78M | 80M | 81M | 86M |
GARTNER INC passes 9 of 9 quality checks, indicating strong fundamentals.
GARTNER INC trades at 14.6x trailing earnings, compared to its 15-year median P/E of 40.8x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 8.4x vs a median of 27.4x. The company's 5-year average ROIC is 39.5% with a gross margin of 68.9%. Total shareholder yield (buybacks) is 24.0%. At current prices, the estimated annualized return to fair value is +22.2%.
GARTNER INC (IT) has a net profit margin of 11.2%. This is a healthy margin.
GARTNER INC (IT) generated $1.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GARTNER INC (IT) has a debt-to-equity ratio of 10.54. This indicates higher leverage, which may increase financial risk.
GARTNER INC (IT) reported earnings per share (EPS) of $9.65 in its most recent fiscal year.
GARTNER INC (IT) has a return on equity (ROE) of 86.9%. This indicates the company generates strong returns for shareholders.
GARTNER INC (IT) has a 5-year average gross margin of 68.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for GARTNER INC (IT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GARTNER INC (IT) has a book value per share of $4.23, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects contract value to accelerate throughout 2026 and into 2027, driven by operational transformations implemented in the second half of 2025, including enhanced engagement initiatives, improved retention, and new business growth across both GTS and GBS segments. The company anticipates meaningful tailwinds from the normalization of federal government headwinds (approximately 200 basis points of contract value growth benefit) and stabilization in tariff-affected industries as clients gain clarity on trade policies, with expectations for at least 100 basis points of additional growth from these factors. Management is committed to delivering adjusted EPS growth on a compound annual basis above 12% over the next three years, supported by continued margin expansion from the 24.1% baseline, strong free cash flow generation, and disciplined capital allocation including share repurchases and strategic tuck-in M&A. The company remains focused on investing in key areas such as expert talent, AI capabilities, customer experience, and frontline sellers to sustain double-digit growth in the medium term, with confidence that the combination of CV acceleration, operating expense management, and strategic investments will drive long-term value creation.
Based on recent SEC filings and earnings calls, GARTNER INC (IT) has provided the following forward guidance: Consolidated Revenue: at or above $6.405 billion (FY2026); Full-year EBITDA: at or above $1.545 billion (FY2026); Full-year EBITDA Margin: at or above 24.1% (FY2026); Adjusted EPS: at or above $13.25 (FY2026); Free Cash Flow: at or above $1.16 billion (FY2026), plus 1 additional metric.
Adjusted EPS Compound Annual Growth Rate (3-year period from 2026): “we expect to deliver adjusted EPS on a compound annual basis above 12% over the next three years.”