Arthur J. Gallagher & Co.
AJG· NYSE· Insurance Agents, Brokers & Service
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +14.8%
We record prices for the companies we cover; AJG is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- –
- Revenue
- $13.9B
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 10.7%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- 0.4%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 6.4%
- ROE, 5 yr avg
- 9.1%
Growth (CAGR)
- Revenue, 3 yr
- 17.7%
- Revenue, 5 yr
- 14.8%
- Revenue, 9 yr
- 10.5%
- Diluted EPS, 3 yr
- 3.4%
- Diluted EPS, 5 yr
- 6.4%
- Diluted EPS, 9 yr
- 11.1%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $1.4B
- Total debt
- $12.7B
- Net debt
- $11.3B
- Debt/Equity
- 0.5x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 44.6%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$13.9B
+10.5% a year over 9 years
FY2016FY2025
Margins
10.7%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow–Owner earnings–
FY2025
FY2016FY2025
Net debt (below zero)
-$11.3B
$11.3B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $5.7B | $6.2B | $6.9B | $7.2B | $7.0B | $8.2B | $8.6B | $10.1B | $11.6B | $13.9B |
| Revenue growth | 5.3% | 10.0% | 11.0% | 3.8% | -2.7% | 17.2% | 4.2% | 17.8% | 14.7% | 20.7% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $396.8M | $481.3M | $633.5M | $668.8M | $818.8M | $906.8M | $1.1B | $970.0M | $1.5B | $1.5B |
| Net margin | 7.0% | 7.7% | 9.1% | 9.3% | 11.7% | 11.0% | 13.0% | 9.6% | 12.7% | 10.7% |
| Diluted EPS | $2.22 | $2.64 | $3.40 | $3.52 | $4.20 | $4.37 | $5.19 | $4.42 | $6.50 | $5.74 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $649.6M | $854.2M | $765.1M | $1.2B | $1.8B | $1.4B | $1.4B | $2.0B | $2.6B | $1.9B |
| Capital expenditure | $217.8M | – | – | – | – | – | – | – | – | – |
| Free cash flow | $431.8M | – | – | – | – | – | – | – | – | – |
| Stock-based compensation | $14.7M | $17.3M | $13.7M | $14.0M | $13.6M | $13.4M | $24.4M | $31.0M | $42.0M | $49.0M |
| Owner earnings? | $417.1M | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | – | – | – | – | – | – | – | – | – | – |
| Capital allocation | ||||||||||
| Dividends paid | $272.2M | $282.7M | $301.8M | $321.1M | $347.4M | $392.0M | $429.5M | $474.0M | $525.0M | $667.0M |
| Share repurchases | $101.0M | $17.7M | $11.3M | – | – | – | – | – | – | – |
| Diluted shares | – | – | – | – | – | – | – | – | – | – |
| Share count change? | – | – | – | – | – | – | – | – | – | – |
| Balance sheet | ||||||||||
| Cash and equivalents | $545.5M | $681.2M | $607.2M | $604.8M | $664.6M | $402.6M | $738.4M | $971.0M | $15.0B | $1.4B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $2.7B | $3.0B | $3.5B | $4.4B | $4.3B | $6.1B | $5.9B | $7.7B | $12.9B | $12.7B |
| Net debt | $2.2B | $2.3B | $2.8B | $3.8B | $3.7B | $5.7B | $5.1B | $6.7B | -$2.1B | $11.3B |
| Shareholders' equity | $3.6B | $4.2B | $4.5B | $5.2B | $6.2B | $8.5B | $9.1B | $10.8B | $20.2B | $23.3B |
Latest filings
| 2026-10-29 | 8-K | Earnings release |
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-07-30 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-04-30 | 8-K | Earnings release |
| 2026-03-23 | DEF 14A | Proxy statement |
| 2026-02-17 | 10-K | Annual report |
| 2026-01-29 | 8-K | Earnings release |
| 2025-11-10 | 10-Q | Quarterly report |
| 2025-10-30 | 8-K | Earnings release |
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