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Research and advisory firm best known for its Magic Quadrant rankings guiding corporate technology purchases.
Research and advisory firm best known for its Magic Quadrant rankings guiding corporate technology purchases.
Clients buy annual research subscriptions that renew each year, and how many renew is what carries the company; consulting and conferences are smaller lines that swing more with corporate budgets. The 2017 purchase of CEB widened coverage from technology to areas such as HR, finance and marketing. Technology vendors also subscribe, to see how analysts view them.
Moat: narrow (brand, data, switching costs). Decades of trusted vendor-ranking brand (Magic Quadrant) makes it a default reference for IT buyers.
Headquarters: Stamford, Connecticut, US · Founded: 1979 · Employees: 20,244
Size Gartner (IT) is a United States Information Technology company (Internet Software/Services) with a market value of $12.0B, the 695th largest of 3,117 United States companies the cockpit tracks. Shares closed at $190.10 on 6 Nov 2026.
Performance Over six months the shares gained 19.8%, against +7.4% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 0.2% over the last twelve months (peer median +9.1%); the operating margin is 19.5% (peer median 28.5%).
Valuation It trades at 11.8× forward earnings against a peer median of 27.1× (cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 51.6 points above its cost of capital (8.6% WACC).
Backlog Backlog (remaining performance obligations) was $6.30B at 30 Sep 2026, up 3% on a year earlier — 1.0 years of trailing revenue. Backlog detail →
Credit Gartner has 3 bonds outstanding ($2.20B), rated BBB- by the agencies and trading like BB at a weighted spread of 139 bp.
Short interest Short interest is 10.4% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.44B | $6.50B | $6.27B | $5.91B | $5.48B |
| Revenue growth | — | +4% | +6% | +8% | — |
| Gross profit | $4.34B | $4.24B | $4.04B | $3.81B | $3.59B |
| EBITDA | $1.50B | $1.40B | $1.39B | $1.34B | $1.38B |
| Net income | $954M | $729M | $1.25B | $882M | $808M |
| Free cash flow | $1.29B | $1.18B | $1.38B | $1.05B | $993M |
| Capital expenditure | $83.5M | $115M | $102M | $103M | $108M |
| Total debt | $3.31B | $3.35B | $2.90B | $3.07B | $3.16B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Gartner IT | $12.0B | +20% | 0% | 19% | 11.8× | -4.0% |
| Imperial Metals III.TO | $759M | -2% | +5% | 32% | 7.6× | -7.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.7% | +9.8% | 4th lowest of 21 |
| 6-month return | +19.8% | +7.4% | 7th highest of 20 |
| Distance from 52-week high | -26.0% | -20.4% | 9th lowest of 21 |
| Revenue growth (TTM) | -0.2% | +9.1% | 3rd lowest of 21 |
| Operating margin | 19.5% | 28.5% | 7th lowest of 21 |
| Forward P/E | 11.8× | 27.1× | cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -4.0% | 13.1% | 2nd least demanding of 18 |
| Growth delivered (Del g) | +9.6% | +12.4% | 8th lowest of 18 |
| Hurdle (Req g minus delivered) | -13.7 pp | -3.0 pp | 3rd least demanding of 18 |
| ROIC minus cost of capital | +51.6 pp | -0.7 pp | highest of 17 |
| EV / EBITDA | 9.1× | 16.9× | 2nd cheapest of 15 |
| Net debt / EBITDA | 1.1× | 1.1× | 8th most indebted of 16 |
| Bond spread | 139 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gartner IT | United States | $12.0B | +20% | 0% | 19% | 11.8× | -4.0% | +9.6% |
| Mango Excellent Media 300413.SZ | China | $9.77B | +79% | +10% | -3% | 143.0× | 13.1% | -0.3% |
| Check Point Software Technologies CHKP | United States | $14.7B | +25% | +3% | 28% | 13.4× | -1.7% | +5.7% |
| Informa INF.L | United Kingdom | $15.3B | +5% | +5% | 19% | 15.5× | 15.4% | +19.5% |
| Info Edge India NAUKRI.NS | India | $8.18B | +21% | +13% | 34% | 59.6× | 51.8% | +23.8% |
| Scout24 G24.DE | Germany | $6.99B | +19% | +16% | 49% | 22.3× | 10.3% | +12.9% |
| CAR CAR.AX | Australia | $6.85B | -3% | +6% | 38% | 28.5× | 21.8% | +24.0% |
| Wolters Kluwer WKL.AS | Netherlands | $22.0B | +54% | 0% | 26% | 15.9× | -3.0% | +5.9% |
| Mobility Global MBGL | United States | $5.79B | n/a | +8% | 51% | 13.2× | -6.0% | +8.5% |
| Autotrader AUTO.L | United Kingdom | $5.68B | +12% | +4% | 62% | 14.3× | -0.7% | +18.9% |
| Rightmove RMV.L | United Kingdom | $5.38B | +35% | +7% | 66% | 18.1× | 11.6% | +15.6% |
| Braze BRZE | United States | $5.20B | +111% | +27% | -13% | 57.1× | 27.9% | +37.5% |
| Verisign VRSN | United States | $27.7B | +7% | +6% | 68% | 28.4× | 14.5% | +5.5% |
| Vend Marketplaces VEND.OL | Norway | $5.11B | -4% | -14% | 29% | 35.2× | 10.7% | -13.2% |
| PB Fintech POLICYBZR.NS | India | $4.74B | -43% | +37% | 7% | 41.0× | n/a | n/a |
| AUTO1 AG1.DE | Germany | $4.34B | -14% | +21% | 1% | 29.2× | n/a | n/a |
| SMG Swiss Marketplace SMG.SW | Switzerland | $3.77B | +7% | +13% | 35% | 23.9× | 5.8% | +12.4% |
| Seek SEK.AX | Australia | $3.59B | +8% | +17% | 24% | 25.8× | 17.7% | +11.1% |
| Crisil CRISIL.NS | India | $3.40B | +6% | +24% | 26% | 35.0× | n/a | n/a |
| East Money Information 300059.SZ | China | $44.5B | -8% | +16% | 76% | 19.7× | 15.1% | +18.0% |
| People PPLI | United States | $3.16B | -4% | -29% | 2% | 38.9× | 36.5% | -2.8% |
Gartner has 3 bonds outstanding with $2.20B face value. The agencies rate it BBB-; its bonds trade like BB. Weighted yield 5.94%, a spread of 139 bp over government bonds.
Gartner reported $6.30B of remaining performance obligations at 30 Sep 2026, up 3% from a year earlier and down 3% from the previous quarter. That is 1.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.87.