Gartner, Inc. (IT) AI Stock Analysis

NYSE: ITAI research summary: business, growth, valuation, analysts, bull and bear case.

IT AI stock analysis summary

AI Research

Gartner, Inc. (IT) is an information technology research and advisory firm providing subscription research, conferences, and consulting services. In FY2025, the company generated $6.50B in revenue and $729.2M in net income, while delivering $1.18B in free cash flow. However, quarterly revenue growth contracted 0.6% year-over-year in the quarter ended June 30, 2026, and shareholders' equity stood at -$167.3M.

Market cap
$12.97B
Revenue (TTM)
$6.46B
P/E
18.6x
fwd 11.3x
1Y return
-13.1%
S&P 500 16.8%
Avg. target
$189.54
-7.7% vs last close

Bull case

  • Gartner generated $1.18B in free cash flow and $1.29B in operating cash flow during FY2025.
  • The stock trades at a forward P/E of 11.3x and an EV/EBITDA of 9.6x, both below the median of its S&P 500 Technology peers at 20.9x and 19.9x.
  • Gartner beat analyst EPS expectations in each of the last 4 quarters, while quarterly earnings grew 33.1% year-over-year in the quarter ended June 30, 2026.

Bear case

  • Revenue growth slowed to 3.7% in FY2025 and quarterly revenue declined 0.6% year-over-year for the period ended June 30, 2026.
  • The balance sheet reflects negative shareholders' equity of -$167.3M and net debt of $1.49B as of June 30, 2026.
  • The mean price target of $189.54 reflects a 7.7% downside compared to the last close of $205.35.

What Gartner does

Gartner, Inc. operates as a research and advisory firm serving clients across the United States, Canada, Europe, the Middle East, Africa, and beyond. It conducts business across three segments: Research, Conferences, and Consulting. The Research unit operates on a subscription-based model providing research content, data, benchmarks, and direct expert engagement. The Conferences segment provides platforms for business professionals to gather, network, and stay updated on industry trends. The Consulting segment offers tailored market research, custom analysis, and strategic IT support, addressing priorities such as cost optimization, digital transformation, and IT sourcing strategies.

Growth and profitability

Between FY2021 and FY2025, Gartner increased revenue from $4.73B to $6.50B, achieving a 5-year revenue CAGR of 9.6% from FY2020 to FY2025. Annual revenue growth decelerated from 15.5% in FY2021 and 15.7% in FY2022 to 7.9% in FY2023, 6.1% in FY2024, and 3.7% in FY2025. Operating margin shifted from 19.3% in FY2021 to a peak of 20.9% in FY2023 before falling to 15.8% in FY2025. Net income was $793.6M in FY2021, reached $1.25B in FY2024, and declined to $729.2M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue fell 0.6% year-over-year, while quarterly earnings grew 33.1%.

IT income statement →

Balance sheet and cash flow

As of June 30, 2026, Gartner held $1.49B in cash and short-term investments against total debt of $2.98B, resulting in net debt of $1.49B. Shareholders' equity was -$167.3M, and the current ratio was 0.88 with total assets of $7.19B. In FY2025, the company generated $1.29B in operating cash flow and $1.18B in free cash flow. Capital expenditures totaled $115.1M in FY2025, while Gartner allocated $1.99B toward share buybacks, contributing to a 5-year share count change of -20.5%.

IT balance sheet →

Valuation and performance

Gartner trades at a trailing P/E of 18.6x and a forward P/E of 11.3x, both below the median of its S&P 500 Technology peers at 31.5x and 20.9x, respectively. Its enterprise value stands at $13.03B, with an EV/EBITDA of 9.6x compared to 19.9x for the peer group median, and a price-to-sales ratio of 2.0x against the peer median of 6.3x. Over the past year, IT declined 13.1% compared to a 16.8% gain for the S&P 500. Over 5 years, the stock fell 34.0% versus an 83.0% return for the benchmark index.

IT key metrics →

What analysts expect

Wall Street coverage consists of 3 Strong Buy, 0 Buy, 10 Hold, 1 Sell, and 1 Strong Sell ratings. The mean price target is $189.54, implying a 7.7% decline from the last close of $205.35. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $14.45 on revenue of $6.42B. Gartner has exceeded EPS estimates in each of the last 4 quarters. The next earnings date is November 3, 2026.

IT forecast and price target →

Key risks and what to watch

  • Revenue momentum has weakened as quarterly revenue contracted 0.6% year-over-year for the quarter ended June 30, 2026.
  • Working capital liquidity faces pressure given a current ratio of 0.88 alongside total debt of $2.98B as of June 30, 2026.
  • Short interest is elevated at 15.6% of the float, reflecting market skepticism.
  • Operating margin fell from 20.9% in FY2023 to 15.8% in FY2025, indicating operational profitability compression.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this IT AI stock analysis

This page is an AI-written research summary of Gartner, Inc. (IT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: IT income statement, IT balance sheet, IT key metrics, IT analyst forecast, IT chart. See the IT stock overview for the latest quote and news.

IT AI stock analysis FAQ

What does Gartner, Inc. do?

Gartner is a global research and advisory firm providing insights and strategic guidance through three segments: Research, Conferences, and Consulting.

What was Gartner's revenue and earnings performance in FY2025?

In FY2025, Gartner generated $6.50B in revenue, $729.2M in net income, and $1.18B in free cash flow.

How is Gartner valued relative to its industry peers?

Gartner trades at a trailing P/E of 18.6x and EV/EBITDA of 9.6x, which compare to 31.5x and 19.9x for the median of its S&P 500 Technology peers.

What is Gartner's current debt and liquidity profile?

As of June 30, 2026, Gartner had $1.49B in cash and short-term investments, $2.98B in total debt, a current ratio of 0.88, and negative shareholders' equity of -$167.3M.

More Technology AI stock analysis