Gartner (IT)
Information Technology · $11.6B market cap · SEC CIK 0000749251
fundamentals score out of 100
Next reports on Nov 2, 2026, before the open, with analysts expecting $2.92 in earnings per share.
The case for IT
- Earns 10% a year on everything it owns (return on assets).
- Reasonably priced at 15.0× earnings.
- Gross margin of 70% absorbs cost shocks.
- Price/sales of 1.8× is lower than 90% of Information Technology companies.
The case against
- Earnings per share down 31.4%.
- Down 28.5% over the past year.
- Revenue was flat on the year (+0.7%).
- Current liabilities exceed current assets (ratio 0.88).
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Information Technology companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 77 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 28 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 54 |
| Momentumhow the price has behaved lately | 50 |
| Stabilityhow violently it moves, what it owes and what it pays you | 65 |
- Equity is a sliver of assets, so return on assets stands in for return on equity, and price-to-book and debt-to-equity are left out.
- Each factor except momentum is half fixed thresholds, half rank among the 73 Information Technology companies.
Key numbers
| Price / earnings | 15.0× |
|---|---|
| Price / book | n/m (equity a sliver of assets) |
| Price / sales | 1.8× |
| Revenue growth (YoY) | +0.7% |
| EPS growth (YoY) | -31.4% |
| Gross margin | 70% |
| Operating margin | 17% |
| Net margin | 12% |
| Return on assets | 10.3% (ROE not meaningful: equity a sliver of assets) |
| Debt / equity | n/m (equity a sliver of assets) |
| Current ratio | 0.88 |
| Dividend yield | none |
| Beta | 0.96 |
| 52-week range | $124.25 – $265.85 |
| Position in that range | 38% of the way up |
| 3-month return | +43.8% |
| 1-year return | -28.5% |
Five years of financials, as filed
Pulled from Gartner's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.3B | $5.9B | $5.5B | $4.7B |
| Gross profit | $4.5B | $4.3B | $4.0B | $3.8B | — |
| Operating income | $1.0B | $1.2B | $1.2B | $1.1B | $916M |
| Net income | $729M | $1.3B | $882M | $808M | $794M |
| Operating cash flow | $1.3B | $1.5B | $1.2B | $1.1B | $1.3B |
| Total assets | $8.1B | $8.5B | $7.8B | $7.3B | $7.4B |
| Total liabilities | $7.8B | $7.2B | $7.2B | $7.1B | $7.0B |
| Shareholder equity | $320M | $1.4B | $681M | $228M | $371M |
| Cash | $1.7B | $1.9B | $1.3B | $698M | $756M |
| Long-term debt | $3.0B | $2.5B | $2.4B | $2.5B | $2.5B |
| Gross margin | 68.8% | 68.3% | 68.3% | 69.7% | — |
| Operating margin | 15.8% | 18.4% | 20.9% | 20.1% | 19.3% |
| Net margin | 11.2% | 20.0% | 14.9% | 14.8% | 16.8% |
| Diluted shares | 75.6M | 78.3M | 79.7M | 81.1M | 86.2M |
Share count is down 12.3% over 4 years. Buybacks have been shrinking the pie.
What Gartner says it does
— Available Information. ITEM 11. EXECUTIVE COMPENSATION. The information required to be furnished pursuant to this item is incorporated by reference from the information set forth under the captions "Compensation Discussion & Analysis," "Compensation Tables and Narrative Disclosures," "Compensation Committee Report," "The Board of Directors - Compensation of Directors," "The Board of Directors - Director Compensation Table," "Corporate Governance - Risk Oversight - Risk Assessment of Compensation Policies and Practices," and "Corporate Governance - Compensation Committee" in the Company’s 2026 Proxy Statement. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. The information required to be furnished pursuant to this item is incorporated by reference from the information set forth under the captions "Compensation Tables and Narrative Disclosures — Equity Compensation Plan…
Risk factors IT lists in its 10-K
- We may not be able to maintain the quality of our existing products and services
- We may not be able to enhance and develop our existing products and services or introduce the new products and services that are needed to remain
- Technology is rapidly evolving, and if we do not continue to develop new product and service offerings in response to these changes, our business could suffer
- Uncertainty in the development, deployment, and use of AI in our platform and products and by our customers and competitors may result in harm to our business and reputation
- The profitability and success of our conferences and other meetings are subject to external factors beyond our control
- Our Consulting business depends on non-recurring engagements and our failure to secure new
- engagements could lead to a decrease in our revenues
- Our balance sheet includes significant amounts of goodwill and intangible assets. Impairment of a significant portion of these assets would negatively affect our financial results
- We may not be able to attract and retain qualified personnel which could jeopardize the quality of our products and services and our future growth plans
- If we are unable to enforce and protect our intellectual property rights, our
- competitive position may be harmed
- Privacy concerns could damage our reputation and deter current and potential clients from using our products and services
- We are exposed to risks related to cybersecurity
- We may experience outages and disruptions of our online services and information systems if we fail to