# Gartner, Inc. (IT)

> Source: Nexqual · https://nexqual.com/IT · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Gartner, Inc. (IT), nexqual.com/IT" · informational, not investment advice.

**Price:** USD 234.44 (+6.77% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 219.57 · day 221.76–234.53 · 52w 124.25–257.69 · market cap $14.8B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.46B, net income $775M (12.0% margin), free cash flow $1.29B (SEC filings).
- Valuation: P/E 19.1x (avg 32.4x at the last 3 fiscal year-ends), EV/EBITDA 12.5x, net debt $1.49B.
- 1 of 80 tracked superinvestors hold IT (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Total return with dividends: 1Y -6.6% vs S&P 500 +14.9%; 5Y -27.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 2.84, revenue estimate $1.49B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.73B | $5.48B | $5.91B | $6.27B | $6.50B | $6.46B |
| Gross profit | $3.29B | $3.82B | $4.04B | $4.28B | $4.47B | — |
| Operating income | $916M | $1.10B | $1.24B | $1.16B | $1.03B | $1.12B |
| Net income | $794M | $808M | $882M | $1.25B | $729M | $775M |
| EPS (diluted) | $9.21 | $9.96 | $11.08 | $16.00 | $9.65 | — |
| Free cash flow | $1.25B | $993M | $1.05B | $1.38B | $1.18B | $1.29B |
| Gross margin | 69.5% | 69.7% | 68.3% | 68.3% | 68.8% | — |
| Operating margin | 19.3% | 20.1% | 20.9% | 18.4% | 15.8% | 17.3% |
| Net margin | 16.8% | 14.8% | 14.9% | 20.0% | 11.2% | 12.0% |
| Revenue growth | +15.5% | +15.7% | +7.9% | +6.1% | +3.7% | — |
| Cash + short-term investments | $756M | $698M | $1.32B | $1.93B | $1.72B | — |
| Total debt | $2.46B | $2.46B | $2.46B | $2.46B | $2.98B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 19.1x · P/S 2.3x · EV/EBITDA 12.5x · EV/Sales 2.5x · P/FCF 11.5x · FCF yield 8.71% · Earnings yield 5.24% · Buyback yield (TTM) 17.80% · Net debt $1.49B · EV $16.3B
P/E at fiscal year-ends: Dec 2025 26.2x, Dec 2024 30.3x, Dec 2023 40.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold IT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Nygren | Oakmark Funds | 0.49% | $369M | Reduced -9.2% |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Truist Securities | Target raised | Buy | $205 → $235 |
| 2026-10-20 | Wells Fargo | Target raised | Underweight | $150 → $175 |
| 2026-10-20 | RBC Capital | Reiterated | Sector Perform | $198 |
| 2026-10-13 | BMO Capital | Target raised | Market Perform | $206 → $212 |
| 2026-10-08 | Morgan Stanley | Target raised | Equal-Weight | $177 → $182 |
| 2026-10-05 | UBS | Target raised | Neutral | $196 → $208 |
| 2026-08-18 | BMO Capital | Target lowered | Market Perform | $214 → $206 |
| 2026-08-05 | UBS | Target raised | Neutral | $164 → $196 |
| 2026-08-05 | Goldman Sachs | Target raised | Neutral | $162 → $181 |
| 2026-08-05 | RBC Capital | Target raised | Sector Perform | $160 → $164 |
| 2026-08-05 | Wells Fargo | Target raised | Underweight | $120 → $150 |
| 2026-07-10 | Morgan Stanley | Target lowered | Equal-Weight | $183 → $173 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -6.6% | -27.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -6.6% | -6.3% |
| Volatility (annualized) | 57.1% | 38.2% |
| Max drawdown | -50.8% (Oct 2025→Jun 2026) | -76.7% (Nov 2024→Jun 2026) |

## Peers (Information Technology Services)
CACI (CACI International, Inc.) USD 619.22 -0.67% · LDOS (Leidos Holdings, Inc.) USD 134.73 +4.26% · GIB (CGI Inc.) USD 82.15 +3.24% · JKHY (Jack Henry & Associates, Inc.) USD 161.8 +5.47% · WSE (Wise Group plc) USD 11.08 +0.27% · FIS (Fidelity National Information S) USD 38.29 +5.13%

## More
Full page: https://nexqual.com/IT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name IT in their own reports (relationship from IT's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | ACM Research, Inc. (ACMR) | 10-K 2026-03-02 | "Business," of Part I of this report contains statistical data and estimates, including forecasts, that are based on information provided by Gartner, Inc. ("Gartner") in "Forecast: Semiconductor Capita…" |
| supplier | VTEX (VTEX) | 20-F 2026-02-26 | "Gartner® Voice of the Customer for Digital Commerce, May 2025;" |
| customer | NOVA LTD. (NVMI) | 20-F 2026-02-17 | "in 2026, following a growth of 11% in 2025 (Gartner Forecast Semiconductor Wafer Fab Equipment, Worldwide, Q425 Update, published December" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Insights | $1.29B | 77.0% | +2.1% |
| Conferences | $244.2M | 14.6% | +15.5% |
| Consulting | $141.9M | 8.5% | -8.8% |
| Total revenue | $1.68B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Insights | $1.29B | 77.0% | +2.1% |
| Conferences | $244.2M | 14.6% | +15.5% |
| Consulting | $141.9M | 8.5% | -8.8% |
| Total revenue | $1.68B | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States and Canada | $1.02B | 61.1% | -3.0% |
| Europe, Middle East and Africa | $458.2M | 27.3% | +7.1% |
| Other International | $193.5M | 11.5% | -4.3% |
| Total revenue | $1.68B | 100% | — |

## Company outlook (8-K filed 2026-08-04)

- "(NYSE: IT) today reported results for the second quarter of 2026 and updated its financial outlook for the full year 2026."
- "Additional information regarding the Company's results as well as the updated 2026 financial outlook is provided in an earnings supplement available on the Company's Investor Relations website at https://investor.gartner.com."
- "In addition, we increased our full year Adjusted EBITDA excluding divested operation, Adjusted EPS, and free cash flow guidance even with the stronger dollar." CONFERENCE CALL INFORMATION The Company will host a webcast call at 8:00 a.m."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.84 | $2.73 | +4.2% | $1.49B | 15 |
| Next quarter (ends 2026-12-31) | $3.93 | $3.93 | -0.0% | $1.74B | 15 |
| Current fiscal year (ends 2026-12-31) | $14.45 | $13.68 | +5.6% | $6.42B | 15 |
| Next fiscal year (ends 2027-12-31) | $16.39 | $15.30 | +7.1% | $6.68B | 15 |