What is Arthur J. Gallagher's non-compete agreements?

Arthur J. Gallagher (AJG) reported non-compete agreements of $13M in Q1 2026.

What does non-compete agreements mean?

This intangible asset represents the value of contractual agreements that prevent key employees or sellers of an acquired business from competing with the company for a specified period. It is designed to protect the value of the acquired client relationships and intellectual capital. It is amortized over the life of the agreement.

Arthur J. Gallagher AJG Non-compete agreements

Non-compete agreements at other companies

Citizens Financial Services, Inc.CZFS

$106K-16.5%

American TowerAMT

$14.23B-2.9%

Energy TransferET

$7.29B+23.9%

CencoraCOR

$6.05B+56.7%

TransDigm GroupTDG

$3.84B+12.3%

Ferguson EnterprisesFERG

$653M-6.6%

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×

Where this comes from

Reported directly by Arthur J. Gallagher in its filing.

Tagged under the XBRL concept ajg:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsNonCompeteAgreements.

The official record: Arthur J. Gallagher’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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What is Arthur J. Gallagher's non-compete agreements?: Arthur J. Gallagher (AJG) reported non-compete agreements of $13M in Q1 2026.
What does non-compete agreements mean?: This intangible asset represents the value of contractual agreements that prevent key employees or sellers of an acquired business from competing with the company for a specified period. It is designed to protect the value of the acquired client relationships and intellectual capital. It is amortized over the life of the agreement.