Gartner IT Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 69%+1.2pp | 68.4%+0.7pp | 68.2%+0.4pp | 68%+0.2pp | 67.8%+0.1pp | |
| Operating margin | 16.4%-1.9pp | 15.8%-2.7pp | 15.6%-2.9pp | 18.2%-0.6pp | 18.3%-0.1pp | |
| Net margin | 11.4%-8.4pp | 11.2%-8.8pp | 13.7%-3.6pp | 19.7%+6.0pp | 19.8%+6.5pp | |
| EBITDA margin | 19.4%-2.1pp | 18.9%-2.8pp | 18.8%-3.1pp | 21.4%-0.7pp | 21.6%-0.2pp | |
| Free cash flow margin | 19.4%-4.4pp | 18.1%-4.0pp | 18.8%-1.8pp | 23.5%+7.0pp | 23.8%+5.8pp | |
| Returns | ||||||
| Return on equity | 94.9%-18.3pp | 86.9%-36.1pp | 109.3%-21.2pp | 116.1%-18.3pp | 113.2%-20.7pp | |
| Return on assets | 9.2%-6.3pp | 8.8%-6.5pp | 11.7%-2.4pp | 16.1%+4.9pp | 15.5%+4.9pp | |
| Return on invested capital | 39.2%-9.0pp | 36.1%-12.4pp | 47.2%+9.5pp | 50.5%+14.7pp | 48.2%+15.5pp | |
| Efficiency | ||||||
| Asset turnover | 0.8×0.0× | 0.8×0.0× | 0.9×0.0× | 0.8×0.0× | 0.8×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.9×-0.2× | 1×-0.1× | 0.9×-0.1× | 1.1×+0.2× | 1.1×+0.2× | |
| Quick ratio | 0.9×-0.2× | 1×-0.1× | 0.9×-0.1× | 1.1×+0.2× | 1.1×+0.2× | |
| Cash ratio | 0.4×-0.1× | 0.4×-0.1× | 0.4×-0.1× | 0.6×+0.3× | 0.6×+0.2× | |
| Leverage | ||||||
| Debt-to-equity | 53×+51.1× | 10.5×+8.3× | 5.1×+2.3× | 1.9×-2.8× | 1.9×-2.3× | |
| Debt-to-assets | 0.4×+0.1× | 0.4×+0.1× | 0.4×0.0× | 0.3×-0.1× | 0.3×-0.1× | |
| Net debt / EBITDA | 1.3×+0.8× | 1.3×+0.6× | 1.2×+0.2× | 0.5×-0.9× | 0.6×-0.8× | |
| Interest coverage | 8×-1.3× | 8.2×-0.6× | 8.7×-1.1× | 10×+0.5× | 9.3×+0.4× | |
| Per Share | ||||||
| Book value per share | $0.91-95.3% | $4.23-75.6% | $7.42-45.6% | $19.81+140% | $19.26+112% | |
| Valuation | ||||||
| Market capitalization | $11.16B-65.4% | $18.18B-51.3% | $19.91B-49.5% | $30.82B-12.4% | $32.24B-13.7% | |
| Enterprise value | $12.85B-61.1% | $19.81B-48.3% | $21.33B-47.6% | $31.48B-14.8% | $33.04B-15.6% | |
| Price / earnings | 15.1×-10.6× | 24.9×-4.9× | 22.5×-14.6× | 24.4×-18.1× | 25.7×-21.1× | |
| Price / sales | 1.7×-3.4× | 2.8×-3.2× | 3.1×-3.3× | 4.8×-1.0× | 5.1×-1.2× | |
| Price / book | 176×+154× | 56.8×+29.3× | 35.8×-1.3× | 20.1×-34.3× | 21.5×-30.5× | |
| EV / EBITDA | 10.2×-14.0× | 16.2×-12.1× | 17.6×-12.8× | 22.9×-4.7× | 24.2×-6.0× | |
| EV / sales | 2×-3.2× | 3×-3.1× | 3.3×-3.3× | 4.9×-1.2× | 5.2×-1.3× | |
| Free cash flow yield | 11.3%+6.6pp | 6.5%+2.8pp | 6.1%+2.9pp | 4.9%+2.0pp | 4.7%+1.8pp | |
| Earnings yield | 6.6%+2.7pp | 4%+0.7pp | 4.4%+1.8pp | 4.1%+1.8pp | 3.9%+1.8pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Gartner's profit margins?
- Gartner (IT) runs a 69.0% gross margin and a 16.4% operating margin, with a 11.4% net margin.
- Where do Gartner's ratios come from?
- Every ratio is computed from Gartner's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
