NYSE: IT
Gartner
Technology · Services-Management Services
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$8.19B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $8.35B |
| FY2017, ended Dec 31, 2017 | $11.2B |
| FY2018, ended Dec 31, 2018 | $11.5B |
| FY2019, ended Dec 31, 2019 | $13.7B |
| FY2020, ended Dec 31, 2020 | $14.2B |
| FY2021, ended Dec 31, 2021 | $27.5B |
| FY2022, ended Dec 31, 2022 | $26.6B |
| FY2023, ended Dec 31, 2023 | $35.2B |
| FY2024, ended Dec 31, 2024 | $37.2B |
| FY2025, ended Dec 31, 2025 | $17.8B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $8.19B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$6.46B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.44B |
| FY2017, ended Dec 31, 2017 | $3.31B |
| FY2018, ended Dec 31, 2018 | $3.98B |
| FY2019, ended Dec 31, 2019 | $4.25B |
| FY2020, ended Dec 31, 2020 | $4.10B |
| FY2021, ended Dec 31, 2021 | $4.73B |
| FY2022, ended Dec 31, 2022 | $5.48B |
| FY2023, ended Dec 31, 2023 | $5.91B |
| FY2024, ended Dec 31, 2024 | $6.27B |
| FY2025, ended Dec 31, 2025 | $6.50B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $6.46B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $194M | $316M |
| FY2017, ended Dec 31, 2017 | $3.28M | $144M |
| FY2018, ended Dec 31, 2018 | $122M | $344M |
| FY2019, ended Dec 31, 2019 | $233M | $416M |
| FY2020, ended Dec 31, 2020 | $267M | $819M |
| FY2021, ended Dec 31, 2021 | $794M | $1.25B |
| FY2022, ended Dec 31, 2022 | $808M | $993M |
| FY2023, ended Dec 31, 2023 | $882M | $1.05B |
| FY2024, ended Dec 31, 2024 | $1.25B | $1.38B |
| FY2025, ended Dec 31, 2025 | $729M | $1.18B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $775M | $1.29B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$1.49B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $474M |
| FY2017, ended Dec 31, 2017 | $539M |
| FY2018, ended Dec 31, 2018 | $156M |
| FY2019, ended Dec 31, 2019 | $281M |
| FY2020, ended Dec 31, 2020 | $713M |
| FY2021, ended Dec 31, 2021 | $756M |
| FY2022, ended Dec 31, 2022 | $698M |
| FY2023, ended Dec 31, 2023 | $1.32B |
| FY2024, ended Dec 31, 2024 | $1.93B |
| FY2025, ended Dec 31, 2025 | $1.72B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.49B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$2.98B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $694M |
| FY2017, ended Dec 31, 2017 | $3.28B |
| FY2018, ended Dec 31, 2018 | $2.28B |
| FY2019, ended Dec 31, 2019 | $2.18B |
| FY2020, ended Dec 31, 2020 | $1.98B |
| FY2021, ended Dec 31, 2021 | $2.46B |
| FY2022, ended Dec 31, 2022 | $2.46B |
| FY2023, ended Dec 31, 2023 | $2.46B |
| FY2024, ended Dec 31, 2024 | $2.46B |
| FY2025, ended Dec 31, 2025 | $2.98B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $2.98B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 23.6% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.63.1M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 82.7M |
| FY2017, ended Dec 31, 2017 | 90.8M |
| FY2018, ended Dec 31, 2018 | 89.7M |
| FY2019, ended Dec 31, 2019 | 89.1M |
| FY2020, ended Dec 31, 2020 | 88.7M |
| FY2021, ended Dec 31, 2021 | 82.3M |
| FY2022, ended Dec 31, 2022 | 79.1M |
| FY2023, ended Dec 31, 2023 | 78.0M |
| FY2024, ended Dec 31, 2024 | 76.8M |
| FY2025, ended Dec 31, 2025 | 70.5M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 63.1M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $2.49B more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $59.0M | $46.7M |
| FY2017, ended Dec 31, 2017 | $41.3M | $78.9M |
| FY2018, ended Dec 31, 2018 | $261M | $66.2M |
| FY2019, ended Dec 31, 2019 | $199M | $69.0M |
| FY2020, ended Dec 31, 2020 | $176M | $62.5M |
| FY2021, ended Dec 31, 2021 | $1.66B | $98.6M |
| FY2022, ended Dec 31, 2022 | $1.04B | $90.6M |
| FY2023, ended Dec 31, 2023 | $606M | $130M |
| FY2024, ended Dec 31, 2024 | $735M | $155M |
| FY2025, ended Dec 31, 2025 | $1.99B | $156M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $2.64B | $150M |
Revenue (TTM)
$6.46B
+0.7% YoY
Net income (TTM)
$775M
−38.7% YoY
Cash
$1.49B
−32.3% YoY
Total debt
$2.98B
+21.0% YoY
Valuation
At current price- Market Cap
- $14.4B
- P/E
- 18.6×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 2.2×
- Price / Book
- n/m. Market cap / shareholders' equity
- EV / EBITDA
- 12.2×
Growth
Trailing 12 months- Revenue (TTM)
- $6.46B
- Revenue Growth YoY
- 0.7%
- Revenue CAGR 3Y
- 5.9%
- Revenue CAGR 5Y
- 9.6%
- EPS Growth YoY
- −31.4%
- Net Income Growth YoY
- −38.7%
Profitability
Trailing 12 months- Gross Margin
- 70.1%
- Operating Margin
- 17.3%
- Net Margin
- 12.0%
- FCF Margin
- 19.9%
- Return on Equity
- 114%
Earnings
Trailing 12 months- Net Income
- $775M
- EPS (diluted)
- $11.12
- EBITDA
- $1.30B
- Operating Income
- $1.12B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $1.49B
- Total Debt
- $2.98B
- Net Debt
- $1.49B
- Total Assets
- $7.19B
- Total Liabilities
- $7.36B
- Shareholders' Equity
- −$167M
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.38B
- Capital Expenditure
- $93.7M
- Free Cash Flow
- $1.29B
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 0.98
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $6.46B.
Note
Net margin of 12.0% over the last 12 months.
Note
Net debt of $1.49B is 1.1× EBITDA, a manageable load.
Strength
Turns 19.9% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 12, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K56Some concerns
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 13, 2025 · Read the filing on EDGAR
- Revenue rose 6% to $6.3 billion, but operating income fell 7% to $1.16 billion, mainly because 2023 included a $135.4 million gain from a business sale.
- Net income jumped 42% to $1.25 billion, helped by a one-time $300 million insurance settlement and about $161.9 million in tax benefits.
- Research contract value grew 8%, the same pace as a year earlier, while retention was steady or slightly better in technology sales.
- New risk disclosures add AI regulation, including the EU AI Act, and US tariffs and trade barriers.
Business momentum
Mixed
“Operating income was $1.16 billion and $1.24 billion during 2024 and 2023, respectively.”
Outlook
Neutral
“We believe that the Company has adequate liquidity and access to capital markets to meet its currently anticipated needs for both the next twelve months and the foreseeable future.”
Financial stress
Low
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Revenue grew in all three business segments
“We had total revenues of $6.3 billion in 2024, an increase of 6% compared to 2023 on both a reported basis and excluding the foreign currency impact.”
Research subscription value grew 8%, with nearly all sectors growing
“Contract value increased to $5.3 billion at December 31, 2024, or 8% compared to December 31, 2023 on a foreign currency neutral basis.”
Conference revenue grew strongly on more events and attendees
“Conferences revenues increased by $78.1 million during 2024 compared to 2023, or 15% on both a reported basis and excluding the foreign currency impact.”
Concerns
Net income growth relied largely on one-time items
“The increase in net income during 2024 was primarily due to the gain on event cancellation insurance claims, as well as an increase in revenue and lower provision for income taxes and interest expense, net”
Low 2024 tax rate came from a one-off intellectual property transfer
“The decrease in the effective income tax rate in 2024 was primarily the result of net tax benefits of approximately $161.9 million recognized as a result of an intercompany transfer of certain intellectual property in December 2024.”
Staff costs rose, and part of the cash flow gain was one-time
“The year-over-year increase was primarily due to the $300.0 million of insurance proceeds received during 2024 as well as reduced net cash interest expense and increased operating income, excluding the 2023 gain from sale of divested operation.”
New risks since the previous report
New AI laws could raise costs and force business changes
“Complying with the EU AI Act and similar emerging laws may impose significant costs on our business and may necessitate changes to certain business practices to ensure compliance.”
US tariffs and trade barriers could hurt global operations
“Additionally, tariffs, trade barriers and restrictions, and other acts by governments to protect domestic markets or to retaliate against the trade tariffs and restrictions of other nations could negatively affect our business operations.”
Criminals using AI tools make cyberattacks harder to defend against
“Cyber criminals use artificial intelligence tools to increase the effectiveness, speed and complexity of attacks, requiring increased vigilance and threat defense.”
Biggest risks named
- Falling research renewals or new subscription sales
- AI and other technology reducing demand for Gartner's products
- Global economic slowdown and government spending limits reducing client demand
- Strong competition, including free online information and low barriers to entry
- Difficulty hiring and keeping skilled staff amid wage inflation
Artificial intelligence in this business: Material to the business
How the score adds up
| Starting point | 60 | |
| Business momentum | −3 | |
| Outlook | 0 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −1.5 | |
| Score | 56 | |
Written by AI (Claude Opus 5.5) from the report’s text. 11 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 12, 2026 | Pro | |||
| 10-K | Feb 13, 2025 | 56 | Mixed | None | |
| 10-K | Feb 15, 2024 | 61 | Improving | 1 minor | |
| 10-K | Feb 16, 2023 | 68 | Strong improvement | None | |
| 10-K | Feb 23, 2022 | 69 | Strong improvement | 1 minor | |
| 10-K | Feb 24, 2021 | 58 | Improving | 1 medium | |
| 10-K | Feb 19, 2020 | 70 | Strong improvement | None | |
| 10-K | Feb 22, 2019 | 69 | Strong improvement | 1 medium | |
| 10-K | Feb 22, 2018 | 43 | Sharp deterioration | None | |
| 10-K | Feb 22, 2017 | 58 | Improving | 1 medium1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 4, 2026. View filings on SEC EDGAR