Financials Gartner, Inc.

Equities

IT

US3666511072

IT Services & Consulting

Market Closed - Nyse Other stock markets 21:00:02 13/02/2026 GMT			5-day change	1st Jan Change
158.58 ^USD	+3.22%		+1.44%	-37.14%

02-09	US software stocks tumble sparks concerns that AI trade is reshaping markets	RE
02-06	S&P 500 Posts Slight Weekly Drop Amid Mixed Earnings	MT

Projected Income Statement: Gartner, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	4,734	5,500	5,900	6,300	6,500	6,532	6,882	7,254
Change	-	16.18%	7.27%	6.78%	3.17%	0.5%	5.36%	5.4%
EBITDA ¹	1,288	1,471	1,483	1,556	1,611	1,563	1,660	1,715
Change	-	14.21%	0.82%	4.92%	3.53%	-2.98%	6.22%	3.31%
EBIT ¹	916	1,100	1,237	1,156	1,026	1,262	1,329	1,432
Change	-	20.09%	12.45%	-6.55%	-11.25%	23.04%	5.3%	7.74%
Interest Paid ¹	-117	-121	-94	-69	-60.6	-98.83	-95.16	-101
Earnings before Tax (EBT) ¹	969.9	1,027	1,147	1,387	968.1	1,095	1,218	-
Change	-	5.9%	11.68%	20.94%	-30.22%	13.12%	11.21%	-
Net income ¹	794	808	882	1,254	729	845.3	909.6	945.4
Change	-	1.76%	9.16%	42.18%	-41.87%	15.95%	7.6%	3.94%
Announcement Date	08/02/22	07/02/23	06/02/24	04/02/25	03/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,104	1,167	1,156	1,306	1,263	1,376	1,332	1,505	1,409	1,503	1,409	1,586	1,473	1,595	1,484	1,715	1,534	1,686	1,524	1,753	1,528	1,686	1,535	1,795	1,600	1,771	1,618	1,889
Change	-	5.73%	-0.97%	13%	-3.34%	9.01%	-3.25%	13%	-6.39%	6.7%	-6.29%	12.59%	-7.14%	8.3%	-6.95%	15.55%	-10.55%	9.93%	-9.63%	14.99%	-12.82%	10.37%	-8.95%	16.89%	-10.86%	10.71%	-8.66%	16.76%
EBITDA ¹	320	355	305	307	329	389	332	421	379	384	333	386	382	416	340	417	385	443	347	436	372.6	431.4	335.7	427.7	394.9	454.1	356.7	447.8
Change	-	10.94%	-14.08%	0.66%	7.17%	18.24%	-14.65%	26.81%	-9.98%	1.32%	-13.28%	15.92%	-1.04%	8.9%	-18.27%	22.65%	-7.67%	15.06%	-21.67%	25.65%	-14.53%	15.76%	-22.19%	27.41%	-7.67%	15%	-21.45%	25.55%
EBIT ¹	225.4	274.7	230.2	185	217.2	297.1	253.4	332	408	283.1	244.4	301	273.9	318.8	245.8	318	278	327.1	86.4	334.2	286.9	350.9	267.2	356	298.6	362.8	274.9	357.5
Change	-	21.87%	-16.2%	-19.64%	17.41%	36.79%	-14.71%	31.02%	22.89%	-30.61%	-13.67%	23.16%	-9%	16.39%	-22.9%	29.37%	-12.58%	17.66%	-73.59%	286.81%	-14.14%	22.3%	-23.86%	33.24%	-16.13%	21.52%	-24.24%	30.07%
Charge d'intérêts ¹	-26.15	-27	-32	-31	-31.4	-29.7	-30.3	-30	-27.4	-25	-21.8	-20	-19.2	-19.99	-18	-12	-13.4	-11.8	-16.3	-19.1	-23.92	-24.32	-24.96	-25.18	-24.32	-25.08	-25.82	-26.58
Earnings before Tax (EBT) ¹	214.8	379.2	198.8	177.1	215	275.9	232	304.1	381.3	264.1	224.5	277.2	259.5	299.3	526.8	301.7	267	317.8	69.5	313.8	246.3	309.8	230.4	308.8	268.7	328.7	250.8	318.6
Change	-	76.54%	-47.57%	-10.92%	21.4%	28.33%	-15.91%	31.08%	25.39%	-30.74%	-14.99%	23.47%	-6.39%	15.34%	76.01%	-42.73%	-11.5%	19.03%	-78.13%	351.51%	-21.51%	25.8%	-25.65%	34.04%	-12.97%	22.3%	-23.68%	27.03%
Net income ¹	164	271.2	149	209.4	172.5	204.9	174	257	295.8	198	180	209	210.5	230	415	399	211	241	35.4	242.1	188.2	240.8	176.3	244.9	207.3	250.1	188.3	252
Change	-	65.37%	-45.06%	40.54%	-17.62%	18.78%	-15.08%	47.7%	15.1%	-33.06%	-9.09%	16.11%	0.72%	9.26%	80.43%	-3.86%	-47.12%	14.22%	-85.31%	583.9%	-22.27%	27.98%	-26.82%	38.94%	-15.34%	20.61%	-24.71%	33.84%
Announcement Date	04/05/21	03/08/21	02/11/21	08/02/22	03/05/22	02/08/22	01/11/22	07/02/23	02/05/23	01/08/23	03/11/23	06/02/24	30/04/24	30/07/24	05/11/24	04/02/25	06/05/25	05/08/25	04/11/25	03/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Gartner, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	1,706	1,763	1,139	527	1,259	1,125	288	294
Change	-	3.34%	-35.39%	-53.73%	138.9%	-10.66%	-74.4%	2.08%
Announcement Date	08/02/22	07/02/23	06/02/24	04/02/25	03/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Gartner, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	60	108	103.2	102	114.8	106.7	114.6	119.3
Change	-	80%	-4.44%	-1.16%	12.55%	-7.06%	7.39%	4.13%
Free Cash Flow (FCF) ¹	1,253	993	1,053	1,383	1,175	1,145	1,224	-
Change	-	-20.75%	6.04%	31.34%	-15.04%	-2.52%	6.88%	-100%
Announcement Date	08/02/22	07/02/23	06/02/24	04/02/25	03/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Gartner, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	27.21%	26.75%	25.14%	24.7%	24.78%	23.93%	24.12%	23.64%
EBIT Margin (%)	19.35%	20%	20.97%	18.35%	15.78%	19.33%	19.32%	19.74%
EBT Margin (%)	20.49%	18.68%	19.44%	22.02%	14.89%	16.76%	17.7%	-
Net margin (%)	16.77%	14.69%	14.95%	19.9%	11.22%	12.94%	13.22%	13.03%
FCF margin (%)	26.47%	18.05%	17.85%	21.95%	18.08%	17.53%	17.79%	-
FCF / Net Income (%)	157.81%	122.9%	119.39%	110.29%	161.18%	135.5%	134.59%	-
Profitability
ROA	-	-	-	13.48%	8.77%	10.65%	9.5%	9.3%
ROE	108.6%	305.25%	194.19%	108.15%	118.64%	388.16%	114.69%	65.35%
Financial Health
Leverage (Debt/EBITDA)	1.32x	1.2x	0.77x	0.34x	0.78x	0.72x	0.17x	0.17x
Debt / Free cash flow	1.36x	1.78x	1.08x	0.38x	1.07x	0.98x	0.24x	-
Capital Intensity
CAPEX / Current Assets (%)	1.27%	1.96%	1.75%	1.62%	1.77%	1.63%	1.66%	1.64%
CAPEX / EBITDA (%)	4.66%	7.34%	6.96%	6.56%	7.13%	6.83%	6.9%	6.96%
CAPEX / FCF (%)	4.79%	10.88%	9.8%	7.38%	9.77%	9.31%	9.36%	-
Items per share
Cash flow per share ¹	15.22	13.75	14.5	18.97	17.06	18.01	17.28	-
Change	-	-9.68%	5.49%	30.79%	-10.03%	5.57%	-4.08%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	4.364	2.844	8.688	8.796	-	11.77	23.84	30.76
Change	-	-34.83%	205.51%	1.24%	-	-	102.49%	29.06%
EPS ¹	9.21	9.96	11.08	16	9.65	12.27	13.38	14.17
Change	-	8.14%	11.24%	44.4%	-39.69%	27.18%	9.06%	5.88%
Nbr of stocks (in thousands)	82,239	79,024	77,949	77,134	72,077	70,450	70,450	70,450
Announcement Date	08/02/22	07/02/23	06/02/24	04/02/25	03/02/26	-	-	-