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Stock research / United States / IT / FY2024

Gartner (IT) FY2024 results: revenue $6.3 billion, up 6.1% on the year

Gartner Inc. (IT) reported revenue of $6.3 billion for fiscal 2024, the year ended 31 December 2024, up 6.1% on the year before. Net income was $1.3 billion, up 42.1%, and diluted earnings per share $16.00. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.

Revenue
$6.3 billion
+6.1% on the year
FY2017FY2024
Operating margin
18.4%
20.9% a year earlier
FY2017FY2024
Net income
$1.3 billion
+42.1% on the year
FY2017FY2024
Diluted EPS
$16.00
+44.4% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue6,2675,9075,476+6.1%
Cost of revenue2,0231,9031,694+6.3%
Gross profit4,2784,0353,815+6.0%
Gross margin68.3%68.3%69.7%
Selling, general and administrative2,8852,7022,481+6.8%
Operating income1,1561,2371,100-6.5%
Operating margin18.4%20.9%20.1%
Interest expense131133126-1.3%
Pre-tax income1,3871,1471,027+20.9%
Income tax134265219-49.5%
Effective tax rate9.6%23.1%21.4%
Net income1,254882808+42.1%
Net margin20.0%14.9%14.8%
Diluted EPS$16.00$11.08$9.96+44.4%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,4851,1561,101+28.5%
Capital expenditure102103108-1.3%
Free cash flow1,3831,053993+31.4%
Free cash flow margin22.1%17.8%18.1%
Cash from investing-10454.2-118
Cash from financing-710-589-1,027
Depreciation and amortisation202191192+5.9%
Share-based compensation15513090.6+19.2%
Buybacks7356061,044+21.3%
Diluted shares, weighted78m80m81m-1.7%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity1,359681228+99.7%
Debt2,4602,4582,461+0.1%
Operating lease liabilities340513597-33.8%
Other liabilities4,3764,1844,013+4.6%
Total liabilities and equity8,5357,8367,300+8.9%
Fixed assets243263265-7.5%
Goodwill2,9302,9372,930-0.2%
Intangible assets410502585-18.4%
Cash and equivalents1,9331,319698+46.6%
Receivables1,6961,6011,557+5.9%
Other assets1,3221,2141,265+9.0%
Total assets8,5357,8367,300+8.9%

10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.