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Gartner, Inc.
$207.72
+1.15% Oct 19 close
Information TechnologyS&P 500 Compare
-47%-31%-15%+1%+17%Oct 2025Oct 2026Apr 2026
ITSPY
1W
+7.0%
1M
+11.8%
3M
+47.3%
6M
+33.0%
YTD
-17.7%
1Y
-11.9%

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What they do

Gartner, Inc. provides business and technology insights to support decision-making and performance on an organization's mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Insights, Conferences, and Consulting. The Insights segment delivers insights through subscription services, such as access to published content, data and benchmarks.

Technology · Information Technology Services

For information only · Important disclosures

Grades vs sector

Momentum
18th percentile in sector
D
12-1 return: -24.9%
Percentile within its GICS sector across the S&P 1500.
Growth
13th percentile in sector
D-
Revenue growth (YoY): -0.6%
Percentile within its GICS sector across the S&P 1500.
Value
80th percentile in sector
A-
Forward E/P: 8.0% · EBITDA/EV: 9.3%
Percentile within its GICS sector across the S&P 1500.
Profitability
76th percentile in sector
B+
Profit margin: +12.0% · Return on equity: +113.6%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 463 of 499 · 12-month momentum -24.6%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Gartner: 80% of neocloud firms face extinction by 2030 as AI capex outpaces returns
24/7 Wall St. · Oct 20
Gartner Predicts “80% of Neoclouds” Out of Business by 2030: Here’s Who Wins
TIKR · Oct 19
Gartner analyst behind tech rout: AI returns are not yet large enough to justify neocloud build-out
CNBC · Oct 19
CoreWeave Reverses Up As Wall Street Analysts Rush To Defend AI Stock.
Investor's Business Daily · Oct 15

Key stats

Market value$13.9B
P/E (last 12 months)19.9
P/E (next 12 months, estimated)13.4
52-week range$124.25 – $257.69
Revenue growth (latest quarter vs a year ago)-0.6%
Dividend yieldNo dividend
Analyst consensusHold (13)
Average analyst price target$193.77 (-7%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 44%
▲Forward P/E vs sector13.4x vs median 16.9x
•Piotroski F-score6/9
▲Altman Z3.9 (safe)
▲Net debt / EBITDA1.1x
▼Analyst target-7% (13 analysts)

Discounted cash flow

Bear
$182
-12%
growth -2% · disc. 10.1% · term. 2.0%
Base
$300
+44%
growth 3% · disc. 9.1% · term. 2.5%
Bull
$461
+122%
growth 6% · disc. 8.1% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price implies shrinking cash flows: about -2% a year for 10 years.
Implied
-2%/yr
FCF, last 3 yrs
+5%/yr
FCF, last 5 yrs
+7%/yr
Revenue, last 3 yrs
+6%/yr
Revenue, last 5 yrs
+10%/yr
Same inputs as the DCF above: trailing free cash flow 1.4B, 9.1% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.98 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)
sector median 35.9× · 23rd pct
19.9×
cheaper
Forward P/E
sector median 16.9× · 31st pct
13.4×
cheaper
EV / EBITDA
sector median 20.8× · 18th pct
11.8×
cheaper
Price / sales
sector median 4.6× · 24th pct
2.1×
cheaper
Price / book
sector median 5.1×
–
FCF yield
sector median 3.5% · 91st pct
10.0%
cheaper

Forward EPS $16.39 vs trailing $11.06 (+48% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$6.5B
as of 2026-06-30
vs a year ago
+7%
YoY
× TTM revenue
1.01×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
70.1%
Operating margin
17.3%
FCF margin
21.4%
Net margin
12.0%
Return on equity
–
Return on invested capital
63.4%
Net debt / EBITDA
1.1×
Current ratio
0.9×
Interest cover
7.8×
Cash conversion (OCF/NI)
1.8×
Piotroski F-score 6/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✓ Gross margin improved✓ Asset turnover improved

Altman Z-score 3.9 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$194
-7%
Analysts
13
Hold
Range
$150–$235
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$6.5B$729.2M$1.3B
2024$6.3B$1.3B$1.5B
2023$5.9B$882.5M$1.2B
2022$5.5B$807.8M$1.1B
2021$4.7B$793.6M$1.3B
2020$4.1B$266.7M$903.3M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +5.9%.

Earnings

Next report: 2026-11-03 · before open · EPS est 2.84
24-1125-0225-0525-0825-1126-0226-0526-080.005.45
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-043.734.37+17.1%
2026-05-052.923.32+13.6%
2026-02-033.513.94+12.2%
2025-11-042.432.76+13.7%
2025-08-053.313.53+6.8%
2025-05-062.722.98+9.7%
2025-02-043.265.45+67.2%
2024-11-052.372.50+5.6%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$1.7B-0.6%
2026-03-31$1.5B–
2025-12-31$1.8B–
2025-09-30$1.5B–
2025-06-30$1.7B–
Analyst actions
Truist Securities
2026-10-20 · main
Buy → Buy
PT $235
Wells Fargo
2026-10-20 · main
Underweight → Underweight
PT $175
RBC Capital
2026-10-20 · reit
Sector Perform → Sector Perform
PT $198
BMO Capital
2026-10-13 · main
Market Perform → Market Perform
PT $212
Morgan Stanley
2026-10-08 · main
Equal-Weight → Equal-Weight
PT $182
UBS
2026-10-05 · main
Neutral → Neutral
PT $208

Recent dividends

1999-07-19: $1.195

Stats refreshed 2026-10-21 12:07:45 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026