Gallagher (ARTHUR J.) & Co. Financials

AJG

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Gallagher (ARTHUR J.) & Co. (AJG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$11.6B

YoY+14.7%

5Y CAGR+9.9%

10Y CAGR+9.6%

Gallagher (ARTHUR J.) & Co. generated $11.6B in revenue in fiscal year 2024. This represents an increase of 14.7% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$1.5B

YoY+50.9%

5Y CAGR+16.9%

10Y CAGR+17.0%

Gallagher (ARTHUR J.) & Co. reported $1.5B in net income in fiscal year 2024. This represents an increase of 50.9% from the prior year.

EPS (Diluted)

$6.50

YoY+47.1%

5Y CAGR+13.1%

10Y CAGR+12.7%

Gallagher (ARTHUR J.) & Co. earned $6.50 per diluted share (EPS) in fiscal year 2024. This represents an increase of 47.1% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

250M

YoY+15.4%

5Y CAGR+5.9%

10Y CAGR+4.3%

Gallagher (ARTHUR J.) & Co. had 250M shares outstanding in fiscal year 2024. This represents an increase of 15.4% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

12.7%

YoY+3.0pp

5Y CAGR+3.4pp

10Y CAGR+6.1pp

Gallagher (ARTHUR J.) & Co.'s net profit margin was 12.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.

Return on Equity

7.3%

YoY-1.7pp

5Y CAGR-5.6pp

10Y CAGR-1.9pp

Gallagher (ARTHUR J.) & Co.'s ROE was 7.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

AJG Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$11.6B+14.7%	$10.1B+17.8%	$8.6B+4.2%	$8.2B+17.2%	$7.0B-2.7%	$7.2B
Cost of Revenue	N/A	N/A	$22.9M-98.0%	$1.2B+33.0%	$882.1M-34.8%	$1.4B
Gross Profit	N/A	N/A	$8.5B+21.2%	$7.0B+14.9%	$6.1B+4.8%	$5.8B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$381.3M+28.5%	$296.7M+15.5%	$256.9M+13.6%	$226.1M+15.1%	$196.4M+9.2%	$179.8M
Income Tax	$404.4M+84.6%	$219.1M+3.8%	$211.0M+949.8%	$20.1M+57.0%	$12.8M+114.3%	-$89.7M
Net Income	$1.5B+50.9%	$969.5M-13.0%	$1.1B+22.9%	$906.8M+10.7%	$818.8M+22.4%	$668.8M
EPS (Diluted)	$6.50+47.1%	$4.42-14.8%	$5.19+18.8%	$4.37+4.0%	$4.20+19.3%	$3.52

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$3.4B+4.5%	$3.2B-13.6%	$3.7B+37.2%	$2.7B-3.2%	$2.8B+1.1%	$2.8B-14.8%	$3.3B+33.9%	$2.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$160.8M+1.4%	$158.6M+0.1%	$158.4M+55.4%	$101.9M+9.7%	$92.9M-1.5%	$94.3M+2.3%	$92.2M+17.9%	$78.2M
Income Tax	$73.3M-30.3%	$105.2M-35.8%	$163.8M+118.4%	$75.0M-15.9%	$89.2M+11.2%	$80.2M-49.9%	$160.0M+475.6%	-$42.6M
Net Income	$272.7M-25.5%	$366.2M-48.3%	$708.9M+181.3%	$252.0M-19.4%	$312.6M+9.5%	$285.4M-53.4%	$612.7M+1923.5%	-$33.6M
EPS (Diluted)	$1.04-25.7%	$1.40-48.5%	$2.72+147.3%	$1.10-20.9%	$1.39+9.4%	$1.27-53.6%	$2.74+1711.8%	$-0.17

AJG Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$64.3B+24.5%	$51.6B+34.6%	$38.4B+15.4%	$33.2B+48.8%	$22.3B+13.7%	$19.6B
Current Assets	$44.1B+37.4%	$32.1B+44.1%	$22.3B+26.1%	$17.7B+58.8%	$11.1B+22.0%	$9.1B
Cash & Equivalents	N/A	N/A	$738.4M+83.4%	$402.6M-39.4%	$664.6M+9.9%	$604.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$3.9B+2.9%	$3.8B+30.1%	$2.9B	N/A	N/A	N/A
Goodwill	$12.3B+6.9%	$11.5B+20.9%	$9.5B+9.5%	$8.7B+41.4%	$6.1B+9.1%	$5.6B
Total Liabilities	$44.1B+8.0%	$40.8B+39.9%	$29.2B+17.7%	$24.8B+54.0%	$16.1B+11.6%	$14.4B
Current Liabilities	$29.3B-5.8%	$31.1B+45.6%	$21.3B+27.5%	$16.7B+65.1%	$10.1B+13.6%	$8.9B
Long-Term Debt	$12.7B+81.7%	$7.0B+25.9%	$5.6B-4.3%	$5.8B+36.2%	$4.3B+11.8%	$3.8B
Total Equity	$20.2B+86.3%	$10.8B+17.7%	$9.2B+7.4%	$8.6B+37.3%	$6.2B+19.5%	$5.2B
Retained Earnings	$5.0B+23.0%	$4.1B+13.8%	$3.6B+23.6%	$2.9B+21.5%	$2.4B+24.7%	$1.9B

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$79.1B-1.3%	$80.1B+8.1%	$74.1B+15.3%	$64.3B+12.3%	$57.2B-9.1%	$63.0B+3.3%	$61.0B+18.1%	$51.6B
Current Assets	$43.0B-25.6%	$57.8B+8.2%	$53.4B+21.1%	$44.1B+18.3%	$37.3B-13.9%	$43.3B+4.4%	$41.5B+29.2%	$32.1B
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.4B+14.5%	$4.7B+4.8%	$4.5B+16.0%	$3.9B-2.3%	$4.0B-4.5%	$4.2B+0.7%	$4.1B+9.6%	$3.8B
Goodwill	$22.2B+61.7%	$13.7B+8.1%	$12.7B+3.6%	$12.3B+0.6%	$12.2B+2.3%	$11.9B+3.3%	$11.5B+0.5%	$11.5B
Total Liabilities	$55.8B-2.2%	$57.1B+10.3%	$51.7B+17.4%	$44.1B-2.1%	$45.0B-12.4%	$51.4B+3.6%	$49.6B+21.6%	$40.8B
Current Liabilities	$40.8B-4.2%	$42.5B+14.9%	$37.0B+26.6%	$29.3B-16.9%	$35.2B-15.4%	$41.6B+5.0%	$39.6B+27.6%	$31.1B
Long-Term Debt	$12.1B0.0%	$12.1B-2.6%	$12.4B-2.5%	$12.7B+63.4%	$7.8B0.0%	$7.8B-2.5%	$8.0B+14.0%	$7.0B
Total Equity	$23.2B+0.6%	$23.1B+3.1%	$22.4B+10.9%	$20.2B+65.1%	$12.2B+5.3%	$11.6B+2.2%	$11.3B+4.9%	$10.8B
Retained Earnings	$5.8B+1.8%	$5.7B+3.6%	$5.5B+10.8%	$5.0B+2.6%	$4.9B+3.8%	$4.7B+3.4%	$4.5B+11.8%	$4.1B

AJG Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	$2.6B+27.1%	$2.0B+46.2%	$1.4B-0.2%	$1.4B-22.9%	$1.8B+51.7%	$1.2B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.6B+51.8%	-$3.3B-227.7%	-$1.0B+70.7%	-$3.4B-628.0%	-$471.4M+67.5%	-$1.4B
Financing Cash Flow	$13.1B+354.2%	$2.9B+1251.8%	$212.6M-92.9%	$3.0B+693.1%	-$505.1M-179.1%	$638.4M
Dividends Paid	$525.4M+10.9%	$473.6M+10.3%	$429.5M+9.6%	$392.0M+12.8%	$347.4M+8.2%	$321.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	$871.8M	N/A	N/A	N/A	$789.3M	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$275.4M	N/A	N/A	N/A	-$191.9M	N/A
Financing Cash Flow	N/A	N/A	$1.1B	N/A	N/A	N/A	-$5.4M	N/A
Dividends Paid	N/A	N/A	$166.0M	N/A	N/A	N/A	$130.7M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AJG Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	99.7%+14.0pp	85.7%-1.7pp	87.4%+6.2pp	81.2%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.7%+3.0pp	9.6%-3.4pp	13.0%+2.0pp	11.1%-0.6pp	11.7%+2.4pp	9.3%
Return on Equity	7.3%-1.7pp	9.0%-3.2pp	12.1%+1.5pp	10.6%-2.5pp	13.1%+0.3pp	12.8%
Return on Assets	2.3%+0.4pp	1.9%-1.0pp	2.9%+0.2pp	2.7%-0.9pp	3.7%+0.3pp	3.4%
Current Ratio	1.51+0.5	1.03-0.0	1.04-0.0	1.06-0.0	1.10+0.1	1.02
Debt-to-Equity	0.63-0.0	0.65+0.0	0.61-0.1	0.680.0	0.68-0.0	0.73
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.1%-3.3pp	11.4%-7.7pp	19.0%+9.7pp	9.3%-1.9pp	11.1%+0.9pp	10.3%-8.5pp	18.8%+20.2pp	-1.4%
Return on Equity	1.2%-0.4pp	1.6%-1.6pp	3.2%+1.9pp	1.3%-1.3pp	2.6%+0.1pp	2.5%-2.9pp	5.4%	N/A
Return on Assets	0.3%-0.1pp	0.5%-0.5pp	1.0%+0.6pp	0.4%-0.2pp	0.5%+0.1pp	0.4%-0.6pp	1.0%+1.1pp	-0.1%
Current Ratio	1.06-0.3	1.36-0.1	1.44-0.1	1.51+0.4	1.06+0.0	1.040.0	1.05+0.0	1.03
Debt-to-Equity	0.520.0	0.52-0.0	0.56-0.1	0.630.0	0.64-0.0	0.67-0.0	0.70+0.1	0.65
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Financial Health Signals

Financial Profile 57/100

Profitability

N/A

Growth

Leverage

Liquidity

Cash Flow

N/A

Returns

Based on FY2024 annual data. Scores normalized against common benchmarks.

Piotroski F-Score Neutral

5/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

1.77x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

What is Gallagher (ARTHUR J.) & Co.'s annual revenue?

Gallagher (ARTHUR J.) & Co. (AJG) reported $11.6B in total revenue for fiscal year 2024. This represents a 14.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gallagher (ARTHUR J.) & Co.'s revenue growing?

Gallagher (ARTHUR J.) & Co. (AJG) revenue grew by 14.7% year-over-year, from $10.1B to $11.6B in fiscal year 2024.

Is Gallagher (ARTHUR J.) & Co. profitable?

Yes, Gallagher (ARTHUR J.) & Co. (AJG) reported a net income of $1.5B in fiscal year 2024, with a net profit margin of 12.7%.

What is Gallagher (ARTHUR J.) & Co.'s earnings per share (EPS)?

Gallagher (ARTHUR J.) & Co. (AJG) reported diluted earnings per share of $6.50 for fiscal year 2024. This represents a 47.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Gallagher (ARTHUR J.) & Co.'s net profit margin?

Gallagher (ARTHUR J.) & Co. (AJG) had a net profit margin of 12.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Gallagher (ARTHUR J.) & Co.'s return on equity (ROE)?

Gallagher (ARTHUR J.) & Co. (AJG) has a return on equity of 7.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Gallagher (ARTHUR J.) & Co.'s operating cash flow?

Gallagher (ARTHUR J.) & Co. (AJG) generated $2.6B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Gallagher (ARTHUR J.) & Co.'s total assets?

Gallagher (ARTHUR J.) & Co. (AJG) had $64.3B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Gallagher (ARTHUR J.) & Co. have outstanding?

Gallagher (ARTHUR J.) & Co. (AJG) had 250M shares outstanding as of fiscal year 2024.

What is Gallagher (ARTHUR J.) & Co.'s current ratio?

Gallagher (ARTHUR J.) & Co. (AJG) had a current ratio of 1.51 as of fiscal year 2024, which is generally considered healthy.

What is Gallagher (ARTHUR J.) & Co.'s debt-to-equity ratio?

Gallagher (ARTHUR J.) & Co. (AJG) had a debt-to-equity ratio of 0.63 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gallagher (ARTHUR J.) & Co.'s return on assets (ROA)?

Gallagher (ARTHUR J.) & Co. (AJG) had a return on assets of 2.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Gallagher (ARTHUR J.) & Co.'s Piotroski F-Score?

Gallagher (ARTHUR J.) & Co. (AJG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Gallagher (ARTHUR J.) & Co.'s earnings high quality?

Gallagher (ARTHUR J.) & Co. (AJG) has an earnings quality ratio of 1.77x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

How financially healthy is Gallagher (ARTHUR J.) & Co.?

Gallagher (ARTHUR J.) & Co. (AJG) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.