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ARTHUR J. GALLAGHER & CO.

CIK: 354190 SIC: 6411
$13.94B
Revenue
$1.49B
Net Income
-
Gross Margin
-
Op. Margin
$3.25B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 16 annual reports available (2010 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $13.94B $13.94B $11.55B $10.07B $8.55B $8.21B $7.00B $7.20B $6.93B $6.16B $5.59B
Revenue Growth % 0.0% 20.7% 14.7% 17.8% 4.2% 17.2% -2.7% 3.8% 12.6% 10.1% nan%
Cost of Revenue - - - - $22.90M $1.17B $882.10M $1.35B $1.82B $1.64B $1.41B
+ Gross Profit - - - - $8.53B $7.04B $6.12B $5.84B $5.12B $4.52B $4.19B
Gross Margin % nan% nan% nan% nan% 99.7% 85.7% 87.4% 81.2% 73.8% 73.4% 74.8%
Operating Expenses $2.26B $2.26B $1.75B $1.69B $1.33B $1.07B $906.50M $1.07B $903.70M $852.50M $797.70M
Interest Expense $639.00M $639.00M $381.30M $296.70M $256.90M $226.10M $196.40M $179.80M $138.40M $124.10M $109.80M
Income Before Tax $1.87B $1.87B $1.87B $1.19B $1.33B $975.10M $870.90M $626.10M $479.40M $378.10M $356.90M
Income Tax Expense $368.00M $368.00M $404.40M $219.10M $211.00M $20.10M $12.80M $-89.70M $-196.50M $-121.10M $-88.10M
+ Net Income $1.49B $1.49B $1.46B $969.50M $1.11B $906.80M $818.80M $668.80M $633.50M $463.10M $414.40M
Net Margin % 10.7% 10.7% 12.7% 9.6% 13.0% 11.0% 11.7% 9.3% 9.1% 7.5% 7.4%
Basic EPS 5.83 5.83 6.63 4.51 5.30 4.47 4.29 3.60 3.47 2.57 2.33
Diluted EPS 5.74 5.74 6.50 4.42 5.19 4.37 4.20 3.52 3.40 2.54 2.32
Basic Shares Outstanding - 256.1M 220.5M 214.9M - - - - - - -
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents - - - $342.30M $402.60M $664.60M $604.80M $607.20M $681.20M $545.50M
Accounts Receivable $5.17B $3.90B $3.79B $2.91B - - - - - -
Other Current Assets $886.00M $518.00M $450.10M $1.46B $1.45B $1.11B $1.07B $1.02B $708.40M $633.70M
Total Current Assets $34.36B $44.11B $32.12B $22.83B $17.67B $11.12B $9.12B $8.12B $5.17B $4.42B
Property Plant & Equipment $789.00M $650.30M $726.40M $576.20M $500.80M $450.70M $467.40M $436.90M $412.20M $377.60M
Goodwill $22.59B $12.27B $11.48B $9.49B $8.67B $6.13B $5.62B $4.63B $4.20B $3.77B
Intangible Assets $10.68B $4.53B $4.63B $3.37B $3.95B $2.40B $2.32B $1.77B $1.64B $1.63B
Other Non-current Assets $1.60B $1.35B $1.13B $989.80M $966.50M $769.90M $773.60M $573.60M $567.00M $504.30M
Total Assets $70.67B $64.26B $51.62B $38.91B $33.34B $22.33B $19.63B $16.33B $12.90B $11.49B
Short-term Debt $640.00M $200.00M $670.00M $310.00M $245.00M $75.00M $620.00M $365.00M $290.00M $578.00M
Deferred Revenue $737.00M $537.20M $644.70M $546.70M $520.90M $475.60M $434.10M $379.30M $355.30M -
Other Current Liabilities - - - - - - - - $56.40M $70.90M
Total Current Liabilities $32.52B $29.26B $31.06B $21.89B $16.73B $10.13B $8.92B $7.69B $4.91B $4.61B
Long-term Debt $12.87B $12.73B $7.01B $5.56B $5.81B $4.27B $3.82B $3.09B $2.69B $2.14B
Other Non-current Liabilities $2.02B $1.69B $2.32B $1.90B $1.87B $1.31B $1.27B $900.90M $1.13B $1.08B
Total Liabilities $47.32B $44.08B $40.80B $29.72B $24.78B $16.10B $14.42B $11.76B $8.73B $7.83B
Common Stock $257.00M $250.00M $216.70M $211.90M $208.50M $193.70M $188.10M $184.00M $181.00M $178.30M
Retained Earnings $5.81B $4.99B $4.05B $3.56B $2.88B $2.37B $1.90B $1.56B $1.10B $916.40M
Total Stockholders Equity $23.32B $20.15B $10.78B $9.14B $8.51B $6.19B $5.16B $4.50B $4.11B $3.60B
Total Liabilities & Equity $70.67B $64.26B $51.62B $38.91B $33.34B $22.33B $19.63B $16.33B $12.90B $11.49B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $1.49B $1.49B $1.46B $969.50M $1.11B $906.80M $818.80M $668.80M $633.50M $463.10M $414.40M
Stock-based Compensation $88.40M $49.00M $41.90M $31.40M $24.40M $13.40M $13.60M $14.00M $13.70M $17.30M $14.70M
Deferred Income Tax $143.40M $61.00M $108.60M $43.10M $-209.00M $-184.00M $-162.00M $-171.20M - - -
Change in Receivables $1.62B $278.00M $65.00M $503.50M $319.60M $172.30M - - - - -
Operating Cash Flow $3.25B $1.93B $2.58B $2.03B $2.13B $1.70B $1.81B $1.12B $765.10M $854.20M $649.60M
Capital Expenditure - - - - - - - - - - $217.80M
Acquisitions - - - - - - - - - - $327.30M
Investing Cash Flow $-17.77B $-15.88B $-1.59B $-3.29B $-1.00B $-3.43B $-471.40M $-1.38B $-910.30M $-511.00M $-485.30M
Debt Repayment - - - - - - - - - $300.00M $50.00M
Stock Issued $4.21B $1.50B $8.51B $120.20M $123.10M $1.55B $111.90M $101.20M $81.90M $60.40M $45.60M
Stock Repurchased - - - - - - - - $11.30M $17.60M $101.00M
Dividends Paid $1.17B $667.00M $525.40M $473.60M $429.50M $392.00M $347.40M $321.10M $301.80M $282.70M $272.20M
Financing Cash Flow $4.14B $1.71B $13.05B $2.87B $-522.80M $2.68B $-505.10M $638.40M $162.00M $-47.80M $-11.60M
Net Change in Cash $-9.82B $-11.93B $13.93B $1.58B $497.90M $892.00M $950.40M $387.10M $-68.20M $367.40M $45.10M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $3.37B - $10.31B -
Operating Expenses $580.80M - $1.59B -
Interest Expense $160.80M - $477.80M -
Income Before Tax $346.90M - $1.69B -
Income Tax Expense $73.30M - $342.30M -
Net Income $272.70M $285.40M $1.34B -
Basic EPS 1.06 - 5.25 -
Diluted EPS 1.04 - 5.16 -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Accounts Receivable $5.43B $3.90B
Other Current Assets $711.00M $518.00M
Total Current Assets $43.01B $44.11B
Property Plant & Equipment $803.10M $650.30M
Goodwill $22.21B $12.27B
Intangible Assets $10.75B $4.53B
Other Non-current Assets $1.63B $1.35B
Total Assets $79.07B $64.26B
Short-term Debt $770.00M $200.00M
Deferred Revenue $767.30M $537.20M
Total Current Liabilities $40.76B $29.26B
Long-term Debt $12.10B $12.73B
Other Non-current Liabilities $2.27B $1.69B
Total Liabilities $55.83B $44.08B
Common Stock $256.80M $250.00M
Retained Earnings $5.82B $4.99B
Total Stockholders Equity $23.21B $20.15B
Total Liabilities & Equity $79.07B $64.26B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $272.70M $285.40M $1.34B -
Stock-based Compensation - - $37.30M -
Deferred Income Tax - - $53.60M -
Change in Receivables - - $463.80M -
Operating Cash Flow - - $1.18B -
Investing Cash Flow - - $-15.40B -
Stock Issued - - $1.48B -
Dividends Paid - - $499.50M -
Financing Cash Flow - - $1.89B -
Net Change in Cash - - $-12.13B -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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