# Gartner, Inc. (IT) — Stock CV

Gartner, Inc. is a $12.1B technology company. Revenue grew 0.7% over the last year, it keeps 12¢ of every dollar of sales as profit, and its net debt equals ~1.0 years of free cash flow. It trades at 15.6× earnings — in the cheapest third of its own history.

> Gartner provides independent research and analysis on information technology for chief information officers and other business executives who help plan companies' IT budgets. Its flagship Magic Quadrant reports inform many enterprises of their IT procurement decisions.

## Identity

- **Ticker**: IT
- **Sector**: Technology
- **Industry**: Services-Management Services
- **Headquarters**: STAMFORD, CT
- **Employees**: 19 285
- **Website**: https://www.gartner.com
- **Market cap**: $12.1B
- **Last price**: $191.15
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $6.46B
- **Net income**: $775M
- **Free cash flow**: $1.29B
- **Net debt**: $1.25B
- **P/E**: 15.6
- **Revenue growth (YoY)**: 0.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 57 |
| Profitability | 90 |
| Health | 43 |
| Quality | 85 |
| Moat | 82 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +0.7% YoY
- [x] Profitable — $775M TTM
- [ ] Profit growing — -1.1% YoY
- [x] Generates cash — $1.29B TTM
- [x] Debt under control — ~1.0y of cash flow to repay
- [x] Established company — $12.1B market cap
- [x] Not printing shares — -16.0% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 31/100
- [x] Valuation not extreme — P/E 15.6

## Experience (career milestones)

- **FY2024** — Best year on record: $1.25B net income
- **2017** — Gartner acquired CEB, an Arlington-based talent management and operations consulting firm, for $2.6 billion
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.44B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2014** — Gartner announced that it had acquired the privately held company Software Advice for an undisclosed…
- **2009** — Gartner acquired AMR Research, a Boston-based research and advisory firm focused on supply chain management
- **1995** — Gartner introduced its hype cycle framework, which purported to show how emerging technology is applied and…
- **1993** — Gartner went public again in October 1993, with Dun & Bradstreet maintaining a 50 percent stake
- **1993** — Dun & Bradstreet acquired a majority share in Gartner in 1993
- **1990** — Gartner Group was taken private by Gideon Gartner and other executives in an acquisition deal backed by…
- **1988** — The U.K.-based Saatchi & Saatchi acquired Gartner Group in 1988
- **1987** — Gartner Group acquired another technology research firm, the Cupertino-based Infocorp
- **1986** — Gartner rebranded as Gartner Group and became a publicly traded company

## Strengths

- High gross margin (69.6%)
- Strong cash conversion — FCF is 19.9% of revenue
- Interest covered 17.8× by operating earnings
- High returns on invested capital (ROIC 46.3%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $4.73B | $794M | $1.25B |
| FY2022 | $5.48B | $808M | $993M |
| FY2023 | $5.91B | $882M | $1.05B |
| FY2024 | $6.27B | $1.25B | $1.38B |
| FY2025 | $6.50B | $729M | $1.18B |

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Source: https://stockcv.com/IT — derived from company filings; may be delayed or incomplete. Information, not investment advice.