Arthur J. Gallagher & financials
$227.75−0.75%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.94B | $11.55B | $10.07B | $8.55B | $8.21B | $6.85B | $7.06B | $6.93B | $6.19B | $5.62B |
| Gross profit | $13.94B | $11.55B | $10.07B | $8.53B | $8.21B | $5.97B | $5.70B | $5.12B | $4.55B | $4.21B |
| Gross margin | 100.0% | 100.0% | 100.0% | 99.7% | 100.0% | 87.1% | 80.8% | 73.8% | 73.6% | 74.9% |
| Operating income | $2.67B | $2.41B | $1.63B | $1.67B | $2.64B | $1.07B | $805.9M | $617.8M | $421.8M | $383.2M |
| Net income | $1.49B | $1.46B | $970.0M | $1.11B | $906.8M | $818.8M | $668.8M | $633.5M | $481.3M | $396.8M |
| Net margin | 10.7% | 12.7% | 9.6% | 13.0% | 11.0% | 11.9% | 9.5% | 9.1% | 7.8% | 7.1% |
| Diluted EPS | $5.74 | $6.50 | $4.42 | $5.19 | $4.37 | $4.20 | $3.52 | $3.40 | $2.64 | $2.22 |
| EBITDA | $3.99B | $3.40B | $2.81B | $2.27B | $3.21B | $1.69B | $1.33B | $1.08B | $841.1M | $762.5M |
| Operating cash flow | $1.93B | $2.58B | $2.03B | $1.47B | $1.39B | $1.82B | $1.21B | $829.7M | $823.3M | $617.5M |
| Free cash flow | $1.78B | $2.44B | $1.84B | $1.29B | $1.26B | $1.72B | $1.07B | $705.3M | $694.1M | $399.7M |
| Diluted shares | 260.1M | 225.0M | 219.3M | 214.7M | 207.3M | 195.0M | 190.1M | 186.2M | 182.1M | 178.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.40B | $14.99B | $971.5M | $738.4M | $402.6M | $664.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $12.97B | $13.16B | $7.96B | $5.87B | $6.28B | $4.54B |
| Total assets | $70.67B | $64.25B | $51.62B | $38.36B | $33.34B | $22.33B |
| Total liabilities | $47.32B | $44.08B | $40.80B | $29.17B | $24.78B | $16.10B |
| Shareholders' equity | $23.35B | $20.18B | $10.82B | $9.19B | $8.56B | $6.23B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology