Balance Sheet Gartner, Inc.

Equities

IT

US3666511072

IT Services & Consulting

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9ed4a8a30e6034b132c07d017977f4a6.X3QmGSacXRW9a3z4UoqDSPUnh-BiofffkcHLFIi5C7Q.FB8ea0ylL3TlJiudJMb2ZbhIwakY-63n3vK-e-LSRoULE1xsSOgVRcUYDw

Published financial data: GARTNER, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	4.73B	5.48B	5.91B	6.27B	6.27B
Other Revenues, Total	-	-	-	-	227M
Total Revenues	4.73B	5.48B	5.91B	6.27B	6.5B
Cost of Goods Sold, Total	1.44B	1.69B	1.9B	2.02B	2.05B
Gross Profit	3.29B	3.78B	4B	4.24B	4.44B
Selling General & Admin Expenses, Total	2.11B	2.43B	2.68B	2.88B	3.06B
Depreciation & Amortization - (IS)	103M	93.41M	98.64M	112M	118M
Amortization of Goodwill and Intangible Assets - (IS)	110M	98.54M	92.46M	90.23M	82.29M
Other Operating Expenses, Total	2.32B	2.62B	2.87B	3.08B	3.27B
Operating Income	970M	1.16B	1.13B	1.17B	1.18B
Interest Expense, Total	-98.31M	-73.9M	-129M	-127M	-125M
Interest And Investment Income	1.89M	4.88M	38.53M	61.56M	64.72M
Net Interest Expenses	-96.42M	-69.02M	-90.35M	-65.59M	-60.06M
Currency Exchange Gains (Loss)	-5.1M	-6.3M	-4.1M	-4.4M	2.6M
Other Non Operating Income (Expenses)	4.45M	3.43M	2.18M	2.64M	1.72M
EBT, Excl. Unusual Items	873M	1.09B	1.04B	1.1B	1.12B
Merger & Related Restructuring Charges	-6.06M	-9.08M	-9.59M	-973K	-
Impairment of Goodwill	-	-	-	-	-150M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	135M	-	-
Asset Writedown	-49.54M	-53.97M	-20.37M	-10.91M	-4.77M
Insurance Settlements	152M	-	3.08M	300M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	970M	1.03B	1.15B	1.39B	968M
Income Tax Expense	176M	219M	265M	134M	239M
Earnings From Continuing Operations	794M	808M	882M	1.25B	729M
Net Income to Company	794M	808M	882M	1.25B	729M
Net Income - (IS)	794M	808M	882M	1.25B	729M
Net Income to Common Incl Extra Items	794M	808M	882M	1.25B	729M
Net Income to Common Excl. Extra Items	794M	808M	882M	1.25B	729M
Per Share Items
Net EPS - Basic	9.33	10.08	11.17	16.12	9.68
Basic EPS - Continuing Operations	9.33	10.08	11.17	16.12	9.68
Basic Weighted Average Shares Outstanding	85.03M	80.18M	79M	77.78M	75.36M
Net EPS - Diluted	9.21	9.96	11.08	16	9.65
Diluted EPS - Continuing Operations	9.21	9.96	11.08	16	9.65
Diluted Weighted Average Shares Outstanding	86.18M	81.07M	79.68M	78.34M	75.6M
Normalized Basic EPS	6.42	8.5	8.22	8.83	9.31
Normalized Diluted EPS	6.33	8.41	8.15	8.77	9.28
Supplemental Items
EBITDA	1.15B	1.31B	1.27B	1.31B	1.31B
EBITA	1.08B	1.26B	1.22B	1.26B	1.26B
EBIT	970M	1.16B	1.13B	1.17B	1.18B
EBITDAR	1.25B	1.4B	1.36B	1.39B	1.37B
Total Revenues (As Reported)	4.73B	5.48B	5.91B	6.27B	6.5B
Effective Tax Rate - (Ratio)	18.18	21.36	23.07	9.63	24.68
Current Domestic Taxes	153M	171M	223M	209M	141M
Current Foreign Taxes	64.84M	91.6M	107M	88.32M	95.79M
Total Current Taxes	218M	262M	331M	298M	237M
Deferred Domestic Taxes	-1.48M	-31.44M	-48.93M	-30.74M	-11.41M
Deferred Foreign Taxes	-33.39M	-4.23M	-12.84M	-128M	17.39M
Total Deferred Taxes	-34.87M	-35.68M	-61.78M	-159M	5.97M
Normalized Net Income	546M	681M	649M	687M	702M
Interest on Long-Term Debt	119M	126M	133M	131M	125M
Non-Cash Pension Expense	1.12M	1.02M	574K	1.57M	1.85M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	34.6M	39.6M	47.8M	60.1M	68.4M
Net Rental Expense, Total	106M	86.26M	81.82M	77.2M	57.43M
Imputed Operating Lease Interest Expense	26.53M	15.78M	27.09M	26.3M	18.35M
Imputed Operating Lease Depreciation	78.99M	70.48M	54.74M	50.89M	39.08M
Stock-Based Comp., COGS (Total)	35M	32.7M	53.3M	61.8M	62.8M
Stock-Based Comp., SG&A Exp. (Total)	63.6M	57.9M	76.5M	93M	93.1M
Stock-Based Comp., Other (Total)	-	-	41K	-	-
Total Stock-Based Compensation	98.6M	90.6M	130M	155M	156M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	756M	698M	1.32B	1.93B	1.72B
Trading Asset Securities, Total	-	6.35M	5.96M	3.1M	-
Total Cash And Short Term Investments	756M	704M	1.32B	1.94B	1.72B
Accounts Receivable, Total	1.39B	1.58B	1.63B	1.73B	1.73B
Total Receivables	1.39B	1.58B	1.63B	1.73B	1.73B
Prepaid Expenses	93.68M	91.05M	91.65M	119M	111M
Restricted Cash	4.11M	-	600K	-	-
Other Current Assets, Total	381M	413M	381M	414M	507M
Total Current Assets	2.62B	2.79B	3.43B	4.2B	4.07B
Gross Property Plant And Equipment	1.2B	1.01B	984M	906M	824M
Accumulated Depreciation	-381M	-304M	-354M	-406M	-396M
Net Property Plant And Equipment	822M	701M	630M	500M	428M
Long-term Investments	-	3.95M	-	-	-
Goodwill	2.95B	2.93B	2.94B	2.93B	2.74B
Other Intangibles, Total	714M	585M	502M	410M	336M
Deferred Tax Assets Long-Term	140M	138M	145M	263M	245M
Other Long-Term Assets, Total	169M	155M	195M	235M	268M
Total Assets	7.42B	7.3B	7.84B	8.53B	8.09B
Liabilities
Accounts Payable, Total	49.28M	83.22M	63.14M	55.79M	49.78M
Accrued Expenses, Total	955M	856M	894M	1.01B	1.04B
Current Portion of Long-Term Debt	27.73M	7.8M	9.6M	-	5M
Current Portion of Leases	89.75M	99.72M	98.49M	100M	96.08M
Current Income Taxes Payable	18.72M	76.38M	72.18M	38.69M	51.26M
Unearned Revenue Current, Total	2.24B	2.44B	2.64B	2.76B	2.81B
Other Current Liabilities	91K	30.84M	-	-	20.5M
Total Current Liabilities	3.38B	3.6B	3.78B	3.97B	4.07B
Long-Term Debt	2.49B	2.45B	2.45B	2.46B	2.98B
Long-Term Leases	698M	597M	513M	340M	270M
Unearned Revenue Non Current	48.18M	39.12M	33.49M	27.39M	31.57M
Pension & Other Post Retirement Benefits	139M	124M	157M	184M	215M
Deferred Tax Liability Non Current	182M	140M	86.55M	48.74M	29.31M
Other Non Current Liabilities	111M	120M	138M	147M	170M
Total Liabilities	7.05B	7.07B	7.16B	7.18B	7.77B
Common Stock, Total	82K	82K	82K	82K	82K
Additional Paid In Capital	2.07B	2.18B	2.32B	2.5B	2.68B
Retained Earnings	3.05B	3.86B	4.74B	5.99B	6.72B
Treasury Stock	-4.67B	-5.71B	-6.3B	-7.04B	-9.04B
Comprehensive Income and Other	-81.43M	-102M	-76.33M	-88.33M	-41.02M
Total Common Equity	371M	228M	681M	1.36B	320M
Total Equity	371M	228M	681M	1.36B	320M
Total Liabilities And Equity	7.42B	7.3B	7.84B	8.53B	8.09B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	82.29M	79.06M	77.97M	76.82M	70.45M
ECS Total Common Shares Outstanding	82.4M	79.17M	78.34M	77.38M	70.85M
Book Value / Share	4.5	2.88	8.69	17.56	4.52
Tangible Book Value	-3.29B	-3.29B	-2.76B	-1.98B	-2.76B
Tangible Book Value Per Share	-39.99	-41.52	-35.21	-25.6	-38.92
Total Debt	3.3B	3.16B	3.07B	2.9B	3.35B
Net Debt	2.55B	2.45B	1.75B	964M	1.63B
Debt Equivalent of Unfunded Proj. Benefit Obligation	28.24M	27.51M	35.37M	34.78M	36.96M
Debt Equivalent Oper. Leases	844M	690M	655M	618M	459M
Account Code - Inventory Valuation	3	-	-	3	3
Machinery, Total	401M	348M	404M	458M	418M
Full Time Employees	16.6K	19.5K	20.24K	21.04K	20.24K
Accumulated Allowance for Doubtful Accounts (Supple)	6.5M	9M	9M	8.5M	5M
Order Backlog	117M	140M	162M	192M	174M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	794M	808M	882M	1.25B	729M
Depreciation & Amortization - CF	68.2M	53.81M	50.84M	51.98M	49.62M
Amortization of Goodwill and Intangible Assets - (CF)	110M	98.54M	92.46M	90.23M	82.29M
Depreciation & Amortization, Total	178M	152M	143M	142M	132M
Amortization of Deferred Charges, Total - (CF)	38.76M	44.17M	52.49M	64.69M	72.69M
(Gain) Loss From Sale Of Asset	-	-	-135M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	49.54M	53.97M	20.37M	10.91M	155M
Stock-Based Compensation (CF)	98.57M	90.57M	130M	155M	156M
Other Operating Activities, Total	13.35M	-12.92M	2.11M	-100M	64.54M
Change In Accounts Receivable	-145M	-241M	-24.66M	-138M	38.03M
Change In Accounts Payable	121M	-102M	-28.55M	29.4M	-10.8M
Change in Unearned Revenues	324M	297M	170M	181M	-41.94M
Change in Other Net Operating Assets	-159M	10.98M	-56.14M	-114M	-3.93M
Cash from Operations	1.31B	1.1B	1.16B	1.48B	1.29B
Capital Expenditure	-59.83M	-108M	-103M	-102M	-115M
Cash Acquisitions	-22.94M	-9.51M	-3.8M	-2M	-
Divestitures	-	-	161M	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	2.31M	-	-	-	-
Cash from Investing	-80.47M	-118M	54.16M	-104M	-115M
Long-Term Debt Issued, Total	600M	-	-	274M	800M
Total Debt Issued	600M	-	-	274M	800M
Long-Term Debt Repaid, Total	-113M	-5.93M	-7.8M	-274M	-274M
Total Debt Repaid	-113M	-5.93M	-7.8M	-274M	-274M
Issuance of Common Stock	18.17M	22.23M	25.11M	28.19M	32.45M
Repurchase of Common Stock	-1.66B	-1.04B	-606M	-735M	-1.99B
Other Financing Activities, Total	-7.32M	-	-	-2.97M	-6.48M
Cash from Financing	-1.16B	-1.03B	-589M	-710M	-1.44B
Foreign Exchange Rate Adjustments	-26.38M	-18.42M	-13K	-57.49M	53.87M
Net Change in Cash	48.02M	-62M	621M	614M	-211M
Supplemental Items
Cash Interest Paid	102M	113M	119M	100M	99.5M
Cash Income Tax Paid (Refund)	253M	175M	307M	313M	210M
Levered Free Cash Flow	1B	870M	1.01B	951M	923M
Unlevered Free Cash Flow	1.06B	911M	1.08B	1.03B	996M
Change In Net Working Capital	-200M	-10.61M	-158M	-41.71M	-18.78M
Net Debt Issued / Repaid	487M	-5.93M	-7.8M	0	525M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.23	9.87	9.34	8.91	8.86
Return on Total Capital	15.71	20.57	19.81	18.21	18.59
Return On Equity %	108.6	269.78	194.28	122.93	86.86
Return on Common Equity	108.6	269.78	194.28	122.93	86.86
Margin Analysis
Gross Profit Margin %	69.5	69.07	67.78	67.72	68.39
SG&A Margin	44.51	44.34	45.4	45.88	47.17
EBITDA Margin %	24.25	24.01	21.57	20.88	20.17
EBITA Margin %	22.81	23.02	20.71	20.05	19.41
EBIT Margin %	20.5	21.22	19.14	18.61	18.14
Income From Continuing Operations Margin %	16.76	14.75	14.94	20	11.22
Net Income Margin %	16.76	14.75	14.94	20	11.22
Net Avail. For Common Margin %	16.76	14.75	14.94	20	11.22
Normalized Net Income Margin	11.53	12.44	10.99	10.96	10.8
Levered Free Cash Flow Margin	21.13	15.88	17.05	15.18	14.2
Unlevered Free Cash Flow Margin	22.34	16.64	18.33	16.37	15.34
Asset Turnover
Asset Turnover	0.64	0.74	0.78	0.77	0.78
Fixed Assets Turnover	5.24	7.19	8.88	11.09	13.99
Receivables Turnover (Average Receivables)	3.58	3.7	3.68	3.73	3.63
Short Term Liquidity
Current Ratio	0.78	0.77	0.91	1.06	1
Quick Ratio	0.63	0.63	0.78	0.92	0.85
Operating Cash Flow to Current Liabilities	0.39	0.31	0.31	0.37	0.32
Days Sales Outstanding (Average Receivables)	101.82	98.76	99.11	98.03	100.49
Average Days Payable Outstanding	11.1	14.28	14.03	10.76	9.38
Long Term Solvency
Total Debt/Equity	890.43	1.39K	451.08	213.37	1.05K
Total Debt / Total Capital	89.9	93.27	81.85	68.09	91.28
LT Debt/Equity	858.77	1.34K	435.2	205.99	1.01K
Long-Term Debt / Total Capital	86.71	90.1	78.97	65.73	88.52
Total Liabilities / Total Assets	95	96.88	91.31	84.07	96.04
EBIT / Interest Expense	9.87	15.73	8.78	9.18	9.45
EBITDA / Interest Expense	12.75	18.95	10.52	10.9	10.96
(EBITDA - Capex) / Interest Expense	12.14	17.49	9.72	10.1	10.04
Total Debt / EBITDA	2.64	2.25	2.26	2.09	2.45
Net Debt / EBITDA	2.03	1.75	1.29	0.7	1.19
Total Debt / (EBITDA - Capex)	2.77	2.44	2.45	2.26	2.67
Net Debt / (EBITDA - Capex)	2.13	1.9	1.39	0.75	1.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.48	15.67	7.87	6.1	3.67
Gross Profit, 1 Yr. Growth %	19.44	14.96	5.86	6.01	4.69
EBITDA, 1 Yr. Growth %	67.4	14.5	-3.07	2.72	0.13
EBITA, 1 Yr. Growth %	73.94	16.75	-2.96	2.74	0.32
EBIT, 1 Yr. Growth %	95.72	19.78	-2.69	3.16	1.03
Earnings From Cont. Operations, 1 Yr. Growth %	197.5	1.79	9.24	42.07	-41.83
Net Income, 1 Yr. Growth %	197.5	1.79	9.24	42.07	-41.83
Normalized Net Income, 1 Yr. Growth %	131.46	24.86	-4.74	5.84	2.15
Diluted EPS Before Extra, 1 Yr. Growth %	211.15	8.14	11.24	44.4	-39.69
Accounts Receivable, 1 Yr. Growth %	10.29	13.91	3.3	5.97	-0.13
Net Property, Plant and Equip., 1 Yr. Growth %	-16.49	-14.68	-10.22	-20.51	-14.43
Total Assets, 1 Yr. Growth %	1.37	-1.57	7.35	8.92	-5.26
Tangible Book Value, 1 Yr. Growth %	23.76	-0.23	-16.08	-28.2	39.2
Common Equity, 1 Yr. Growth %	-65.97	-38.61	198.79	99.69	-76.46
Cash From Operations, 1 Yr. Growth %	45.3	-16.08	4.93	28.48	-13.1
Capital Expenditures, 1 Yr. Growth %	-28.67	80.58	-4.56	-1.34	13.18
Levered Free Cash Flow, 1 Yr. Growth %	35.13	-13.05	15.79	-5.54	-3
Unlevered Free Cash Flow, 1 Yr. Growth %	31.75	-13.82	18.82	-5.24	-2.9
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.6	15.58	11.7	6.98	4.88
Gross Profit, 2 Yr. CAGR %	10.49	17.18	10.32	5.94	5.35
EBITDA, 2 Yr. CAGR %	41.82	38.44	5.35	-0.22	1.42
EBITA, 2 Yr. CAGR %	45.7	42.5	6.44	-0.15	1.52
EBIT, 2 Yr. CAGR %	60	53.11	7.96	0.19	2.09
Earnings From Cont. Operations, 2 Yr. CAGR %	84.43	74.02	5.45	24.58	-9.1
Net Income, 2 Yr. CAGR %	84.43	74.02	5.45	24.58	-9.1
Normalized Net Income, 2 Yr. CAGR %	77.17	70	9.06	0.41	3.98
Diluted EPS Before Extra, 2 Yr. CAGR %	89.67	83.44	9.68	26.74	-6.68
Accounts Receivable, 2 Yr. CAGR %	1.4	12.09	8.48	4.62	2.87
Net Property, Plant and Equip., 2 Yr. CAGR %	-11.42	-15.59	-12.48	-15.52	-17.53
Total Assets, 2 Yr. CAGR %	1.84	-0.11	2.79	8.13	1.58
Tangible Book Value, 2 Yr. CAGR %	6.15	11.12	-8.5	-22.37	-0.03
Common Equity, 2 Yr. CAGR %	-37.12	-54.29	35.44	144.27	-31.44
Cash From Operations, 2 Yr. CAGR %	52.35	10.42	-6.16	16.11	5.66
Capital Expenditures, 2 Yr. CAGR %	-36.63	13.49	31.28	-2.97	5.67
Levered Free Cash Flow, 2 Yr. CAGR %	55.58	8.5	0.34	6.6	-4.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	49.84	6.55	1.19	6.11	-4.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.99	8.85	12.95	9.8	5.87
Gross Profit, 3 Yr. CAGR %	9.49	11.96	13.28	8.86	5.52
EBITDA, 3 Yr. CAGR %	23.56	32.06	22.93	4.47	-0.1
EBITA, 3 Yr. CAGR %	24.97	35.33	25.37	5.19	0.01
EBIT, 3 Yr. CAGR %	38.37	45.28	31.64	6.34	0.47
Earnings From Cont. Operations, 3 Yr. CAGR %	86.44	51.29	49	16.47	-3.35
Net Income, 3 Yr. CAGR %	86.44	51.29	49	16.47	-3.35
Normalized Net Income, 3 Yr. CAGR %	53.19	57.67	40.16	7.98	0.99
Diluted EPS Before Extra, 3 Yr. CAGR %	90.61	57.28	55.27	20.21	-1.05
Accounts Receivable, 3 Yr. CAGR %	2.64	5.41	9.08	7.63	3.02
Net Property, Plant and Equip., 3 Yr. CAGR %	45.34	-12.52	-13.83	-15.24	-15.16
Total Assets, 3 Yr. CAGR %	6.14	0.69	2.32	4.79	3.47
Tangible Book Value, 3 Yr. CAGR %	1.89	3.98	1.19	-15.6	-5.69
Common Equity, 3 Yr. CAGR %	-24.16	-37.62	-14.54	54.15	11.98
Cash From Operations, 3 Yr. CAGR %	40.7	24.89	8.56	4.2	5.42
Capital Expenditures, 3 Yr. CAGR %	-22.16	-10.16	7.12	19.36	2.14
Levered Free Cash Flow, 3 Yr. CAGR %	9.34	28.15	10.87	-1.66	3.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.39	24.61	10.5	-1	3.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.13	10.58	8.24	8.1	9.65
Gross Profit, 5 Yr. CAGR %	17.03	13.69	9.82	9.51	10.04
EBITDA, 5 Yr. CAGR %	23.42	28.06	15.93	18.06	13.83
EBITA, 5 Yr. CAGR %	23.72	30.93	17.2	19.83	15.23
EBIT, 5 Yr. CAGR %	22.78	50.33	25.3	25.22	18.91
Earnings From Cont. Operations, 5 Yr. CAGR %	32.6	200.82	48.44	39.98	22.28
Net Income, 5 Yr. CAGR %	32.6	200.82	48.44	39.98	22.28
Normalized Net Income, 5 Yr. CAGR %	21.59	104.3	33.73	31.63	24.38
Diluted EPS Before Extra, 5 Yr. CAGR %	31.86	206.1	52.8	44.27	26.66
Accounts Receivable, 5 Yr. CAGR %	16.59	5.57	4.93	5.09	6.55
Net Property, Plant and Equip., 5 Yr. CAGR %	46.54	25.92	18.65	-13.74	-15.33
Total Assets, 5 Yr. CAGR %	25.66	0.05	4.79	3.6	2.02
Tangible Book Value, 5 Yr. CAGR %	34.29	-0.05	-2.4	-7.5	0.7
Common Equity, 5 Yr. CAGR %	43.55	-25.36	-4.36	7.69	-21.75
Cash From Operations, 5 Yr. CAGR %	29.12	34.04	19.66	21.3	7.39
Capital Expenditures, 5 Yr. CAGR %	3.71	-0.5	-4.06	-7.35	6.54
Levered Free Cash Flow, 5 Yr. CAGR %	27	65.56	5.65	18.15	4.54
Unlevered Free Cash Flow, 5 Yr. CAGR %	27.25	46.55	5.45	16.85	4.42