Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.

Arthur J. Gallagher AJG D&A

D&A at other companies

Brown & BrownBRO

$17M+54.5%

Aon plcAON

$46M0.0%

CorvelCRVL

$8.27M+8.7%

Willis Towers WatsonWTW

$48M0.0%

Goosehead Insurance, Inc.GSHD

$3.21M+17.9%

The Baldwin Insurance Group, Inc.BWIN

$57.08M+108%

Segments

By segment

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Brokerage$49M+48.5%

Risk Management$10M0.0%

Corporate$2M0.0%

Other financials

Income statement

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Revenue$4.8B+27.7%

Gross profit$2.0B+16.3%

Net income$822.0M+16.8%

EPS (diluted)$3.16+16.2%

Balance sheet

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Cash & equivalents$1.4B-91.5%

Total debt$14.0B+5.7%

Total equity$23.8B+6.5%

Total assets$78.3B+5.7%

Cash flow

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Operating cash flow$957.0M+9.7%

CapEx$36.0M+28.6%

Free cash flow$921.0M+9.1%

Valuation

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Market cap$55.98B-31.7%

Enterprise value$68.58B-12.7%

P/E34.7×-17.9×

P/S3.7×-3.1×

Profitability

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Gross margin99.7%+14.0pp

Net margin10.8%-2.2pp

FCF margin21%-0.1pp

Returns & leverage

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Return on equity7%-2.3pp

Debt / equity0.6×0.0×

Current ratio1.1×-0.4×

Questions, answered.

What does D&A mean?: Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.