Gartner (IT)
Market Price (3/28/2026): $155.44 | Market Cap: $11.2 BilSector: Information Technology | Industry: IT Consulting & Other Services
Gartner (IT)
Market Price (3/28/2026): $155.44Market Cap: $11.2 BilSector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, FCF Yield is 10% | Weak multi-year price returns2Y Excs Rtn is -89%, 3Y Excs Rtn is -112% | Key risksIT key risks include [1] the failure to adapt its advisory services to a rapidly evolving technology landscape, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43% | ||
| Low stock price volatilityVol 12M is 50% | ||
| Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, FCF Yield is 10% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43% |
| Low stock price volatilityVol 12M is 50% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -89%, 3Y Excs Rtn is -112% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Key risksIT key risks include [1] the failure to adapt its advisory services to a rapidly evolving technology landscape, Show more. |
Qualitative Assessment
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1. Underwhelming Q4 2025 Financial Performance and Weaker 2026 Outlook. Gartner reported a significant year-over-year decline in net income, falling 39% to $242 million in Q4 2025, and 42% for the full year 2025. Free cash flow also decreased by 13% in Q4 2025 to $271 million. While adjusted EPS beat estimates, the company's Q4 2025 revenue was largely in line with or slightly below analyst expectations, with some reports indicating a miss of approximately $49.2 million. Furthermore, its full-year 2026 adjusted EPS guidance of approximately $12.30 fell short of analyst forecasts of around $12.50, contributing to negative investor sentiment.
2. Intensified Concerns Over AI Disruption and Slowing Organic Growth. Investors reacted negatively to increasing fears that generative artificial intelligence (AI) could displace Gartner's core advisory and consulting services. This concern was highlighted by a slowdown in sales contract values and reinforced by Morningstar downgrading Gartner's economic moat rating from wide to narrow, citing heightened uncertainty regarding AI's potential to reduce billable hours and impact seat-based pricing models, suggesting a structural headwind to the company's growth trajectory.
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Stock Movement Drivers
Fundamental Drivers
The -33.2% change in IT stock from 11/30/2025 to 3/27/2026 was primarily driven by a -22.0% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 232.74 | 155.42 | -33.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,460 | 6,497 | 0.6% |
| Net Income Margin (%) | 13.7% | 11.2% | -18.1% |
| P/E Multiple | 19.7 | 15.3 | -22.0% |
| Shares Outstanding (Mil) | 75 | 72 | 4.0% |
| Cumulative Contribution | -33.2% |
Market Drivers
11/30/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| IT | -33.2% | |
| Market (SPY) | -5.3% | 20.0% |
| Sector (XLK) | -9.1% | 22.6% |
Fundamental Drivers
The -38.1% change in IT stock from 8/31/2025 to 3/27/2026 was primarily driven by a -43.1% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 251.19 | 155.42 | -38.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,420 | 6,497 | 1.2% |
| Net Income Margin (%) | 19.7% | 11.2% | -43.1% |
| P/E Multiple | 15.3 | 15.3 | 0.2% |
| Shares Outstanding (Mil) | 77 | 72 | 7.1% |
| Cumulative Contribution | -38.1% |
Market Drivers
8/31/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| IT | -38.1% | |
| Market (SPY) | 0.6% | 22.3% |
| Sector (XLK) | -0.7% | 21.0% |
Fundamental Drivers
The -68.8% change in IT stock from 2/28/2025 to 3/27/2026 was primarily driven by a -50.2% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 498.32 | 155.42 | -68.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,267 | 6,497 | 3.7% |
| Net Income Margin (%) | 20.0% | 11.2% | -43.9% |
| P/E Multiple | 30.8 | 15.3 | -50.2% |
| Shares Outstanding (Mil) | 78 | 72 | 7.6% |
| Cumulative Contribution | -68.8% |
Market Drivers
2/28/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| IT | -68.8% | |
| Market (SPY) | 9.8% | 34.6% |
| Sector (XLK) | 15.9% | 32.2% |
Fundamental Drivers
The -52.6% change in IT stock from 2/28/2023 to 3/27/2026 was primarily driven by a -52.2% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 327.81 | 155.42 | -52.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,476 | 6,497 | 18.7% |
| Net Income Margin (%) | 14.8% | 11.2% | -23.9% |
| P/E Multiple | 32.1 | 15.3 | -52.2% |
| Shares Outstanding (Mil) | 79 | 72 | 9.9% |
| Cumulative Contribution | -52.6% |
Market Drivers
2/28/2023 to 3/27/2026| Return | Correlation | |
|---|---|---|
| IT | -52.6% | |
| Market (SPY) | 69.4% | 42.6% |
| Sector (XLK) | 94.5% | 37.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IT Return | 109% | 1% | 34% | 7% | -48% | -38% | -2% |
| Peers Return | 21% | -1% | 14% | -1% | -15% | -15% | -3% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| IT Win Rate | 75% | 42% | 50% | 67% | 42% | 0% | |
| Peers Win Rate | 60% | 47% | 60% | 57% | 40% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| IT Max Drawdown | -5% | -33% | -12% | -9% | -54% | -43% | |
| Peers Max Drawdown | -9% | -22% | -17% | -16% | -30% | -23% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FORR, ACN, IBM, BAH, SAIC. See IT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | IT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 147 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -49.2% | -33.9% |
| % Gain to Breakeven | 96.8% | 51.3% |
| Time to Breakeven | 293 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.0% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 544 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -70.3% | -56.8% |
| % Gain to Breakeven | 236.8% | 131.3% |
| Time to Breakeven | 519 days | 1,480 days |
Compare to FORR, ACN, IBM, BAH, SAIC
In The Past
Gartner's stock fell -34.0% during the 2022 Inflation Shock from a high on 11/2/2021. A -34.0% loss requires a 51.6% gain to breakeven.
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About Gartner (IT)
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The Consumer Reports for businesses, providing expert reviews and advice on enterprise technology and IT strategy.
Like a specialized McKinsey or Boston Consulting Group, but often delivering strategic guidance through subscription-based research for IT decisions.
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- Research Subscription Services: Provides on-demand access to published research content, data, benchmarks, and direct access to research experts through a subscription model.
- Conferences and Events: Offers business professionals opportunities to learn, share, and network at various industry-specific events.
- Consulting Engagements: Delivers custom market research, analysis, on-the-ground support, and actionable solutions for IT-related priorities such as cost optimization and digital transformation.
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Gartner, Inc. (symbol: IT) primarily serves other companies rather than individuals. Due to the vast and highly diversified nature of its client base, which includes tens of thousands of organizations globally across virtually every industry and geography, specific "major customers" (individual company names) are not publicly disclosed and are too numerous to list.
Instead, Gartner's customer base can be broadly categorized into the following types of organizations:
- Technology and Service Providers: These are companies that develop, market, and sell technology products and services to other businesses or consumers. They use Gartner's insights to understand market trends, competitive landscapes, and customer needs.
- Enterprises Across All Industries: This extensive category includes both large global corporations and mid-sized companies operating in diverse sectors such as finance, manufacturing, retail, healthcare, energy, and more. These clients leverage Gartner's research and advisory services for strategic decision-making, IT cost optimization, digital transformation, and other IT-related priorities.
- Government Agencies and Public Sector Organizations: Various levels of government entities and public institutions also utilize Gartner's research and consulting services to address their technology and business strategy needs.
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Eugene A. Hall, Chairman of the Board & Chief Executive Officer
Eugene A. Hall has served as Gartner's Chief Executive Officer since August 2004 and as Chairman of the Board since July 2024. Prior to joining Gartner, Mr. Hall was a senior executive at Automatic Data Processing (ADP), a global technology and service company, where he served as President, Employer Services Major Accounts Division from 1998 to 2004. Before ADP, he spent 16 years at McKinsey & Company (1982-1998), most recently as a director, advising clients in various sectors including electronics, telecommunications, and financial services on turnaround strategies and operational improvements.
Craig Safian, Executive Vice President & Chief Financial Officer
Craig Safian joined Gartner in 2002 and has served as Executive Vice President & Chief Financial Officer since June 2014. He has held numerous leadership positions within the company, including Group Vice President of Global Finance Strategy & Corporate Development, Group Vice President of Strategy, and Managing Vice President of Financial Planning & Analysis. Before his tenure at Gartner, Mr. Safian held finance positions at Headstrong (now part of Genpact) and Bristol-Myers Squibb, and worked as an accountant for Friedman, LLP. He also previously served as President for CEB, Inc.
Robin Kranich, Executive Vice President & Chief Human Resources Officer
Robin Kranich joined Gartner in 1994 and has held a variety of sales, operational, and general manager roles. Her previous positions include Senior Vice President of End User Programs and Senior Vice President of Gartner Executive Programs. Before joining Gartner, Ms. Kranich worked in the technology group at Marriott International.
Altaf Rupani, Executive Vice President & Chief Information Officer
Altaf Rupani joined Gartner in 2023 as Executive Vice President & Chief Information Officer. Prior to Gartner, Mr. Rupani was Senior Vice President, Head of Digital, Emerging Technologies and Guardian India for Guardian Life. He also held roles of increasing seniority at NBCUniversal Media and Dow Jones.
Thomas Kim, Executive Vice President, Chief Legal Officer & Secretary
Thomas Kim joined Gartner in 2023. Before joining Gartner, Mr. Kim served as Chief Legal Officer & Company Secretary at Thomson Reuters, where he held various positions of increasing responsibility in legal, compliance, go-to-market, and operations. Prior to his time at Thomson Reuters, Mr. Kim was a litigator in private practice in San Francisco, California.
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The key risks to Gartner's business include:
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Intensifying Competition and AI-driven Commoditization: Gartner operates in an increasingly competitive market for IT services and advisory, with rivals actively vying for market share. A significant emerging threat stems from AI-native research startups and expanded expert networks, which could commoditize some segments of research and lower entry barriers for competitors. The rapid evolution of technology, particularly artificial intelligence, poses a risk if Gartner cannot adapt its offerings quickly enough to avoid disruption in the advisory landscape. While Gartner's proprietary data and objectivity still hold value for higher-tier clients, AI is perceived as a threat to its lower-tier subscription business.
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Execution Risks and Maintaining Service Quality: The company faces high execution risks associated with its current business strategies, and analysts have expressed skepticism regarding Gartner's ability to successfully implement its plans. A critical challenge involves maintaining the quality of existing products and services while simultaneously developing new offerings in response to rapidly evolving technology trends. Failure to effectively enhance existing offerings or develop relevant new ones could negatively impact business results and market position.
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Macroeconomic Conditions and Volatility in Client Spending/Contracts: Gartner's business is susceptible to global economic conditions, including inflation, slowing economic growth, and recession, which could adversely affect the demand for its products and services. The company's revenue model relies heavily on subscription renewals, and any failure to maintain high renewal rates could negatively impact its financial performance. Additionally, Gartner is exposed to volatility in government-related business, as highlighted by recent cancellations of U.S. federal contracts totaling approximately $80 million. The company's contract value (CV) growth has historically correlated with CEO optimism about the economy, indicating its sensitivity to broader macroeconomic sentiment.
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The rise of advanced Artificial Intelligence (AI) and Large Language Models (LLMs) represents a clear emerging threat to Gartner's core Research segment. These technologies are rapidly developing capabilities to synthesize vast amounts of information, perform sophisticated market analysis, identify trends, generate strategic recommendations, and create vendor comparisons. As AI tools become more powerful, accessible, and integrated into enterprise workflows, businesses may increasingly rely on internal, AI-driven insights for competitive intelligence and strategic guidance, potentially reducing their need for traditional, subscription-based research services like Gartner's. This could lead to a devaluation of Gartner's generic research offerings and exert pressure on its primary revenue model.
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Gartner (NYSE: IT) operates in several addressable markets related to its Research, Conferences, and Consulting segments.
The Research segment, which delivers published research content, data, benchmarks, and access to research experts, can be considered part of the broader IT services market. The global IT services market was estimated at approximately USD 1.65 trillion in 2025 and is projected to reach USD 3.30 trillion by 2033, growing at a compound annual growth rate (CAGR) of 8.9% from 2026 to 2033. North America is expected to hold a significant share of this market, exceeding 35.0% by 2025. Another estimate for the global IT services market size was USD 1.43 trillion in 2025, projected to grow to USD 2.64 trillion by 2034 with a CAGR of 7.10%.
For the Conferences segment, which offers business professionals opportunities to learn, share, and network, the addressable market includes the global meetings and B2B events markets. The global meetings market was valued at USD 772.96 billion in 2025 and is projected to grow to USD 1.88 trillion by 2034, exhibiting a CAGR of 10.48%. Europe dominated the meetings market with a 52.06% share in 2024. The global B2B events market was projected to reach USD 498.41 billion in 2023 and is anticipated to reach USD 929.29 billion by 2032, growing at a CAGR of 7.2% from 2023 to 2032. Additionally, the corporate events market size is estimated at USD 369.65 billion in 2026 and is projected to reach USD 686.49 billion in 2031, reflecting a 13.18% CAGR. The global virtual events market, which can be a component of conferences, was estimated at USD 98.07 billion in 2024 and is projected to reach USD 297.16 billion by 2030, growing at a CAGR of 20.0%. North America dominated the virtual events market with over 39% revenue share in 2024.
The Consulting segment, providing market research, custom analysis, and support services for IT-related priorities, falls under the IT consulting and software consulting markets. The global IT consulting services market size is estimated at USD 69.59 billion in 2025 and is expected to rise to USD 106.58 billion by 2034, with a CAGR of 6.4%. North America contributes approximately 35% of the global consulting demand. Another estimate indicates the global IT Consulting Services Market reached a valuation of USD 68.8 billion in 2022 and is anticipated to reach USD 88.01 billion by 2032, with Europe being the largest market. More broadly, the technology consulting market is projected to surpass USD 400 billion in revenues globally for the first time in 2026. The global software consulting market was estimated at USD 273.13 billion in 2022 and is projected to reach USD 678.32 billion by 2030, growing at a CAGR of 12.1%. North America dominated this market with over 30% share in 2022.
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Gartner (NYSE: IT) is expected to drive future revenue growth over the next 2-3 years through a combination of strategies focusing on its core subscription services, strategic pricing, technological integration, and market expansion.
Here are 3-5 expected drivers of Gartner's future revenue growth:
- Sustained Client Retention and Contract Value Growth: Gartner's business model heavily relies on its subscription services within the Research segment. The company emphasizes strong enterprise client retention and improving contract renewal rates as key indicators and drivers of growth. This focus on retaining existing clients and growing their contract value (CV) is a consistent theme, with global business sales contract value showing significant year-over-year increases. Furthermore, contract value growth is anticipated to accelerate throughout 2026, fueled by ongoing transformation initiatives and a reduction in headwinds from the U.S. federal government.
- Implementation of Price Escalators in Multi-year Contracts: Gartner incorporates price escalators into its multi-year contracts, typically ranging between 3% and 5% annually, which are aligned with its pricing expectations when contracts are signed. This built-in mechanism provides a predictable and consistent driver of revenue growth for its substantial base of multi-year subscriptions.
- Leveraging Artificial Intelligence (AI) for Enhanced Client Engagement and Operational Efficiency: The integration of AI is a significant driver, impacting both Gartner's client offerings and internal operations. The company is experiencing increased demand for AI-related assistance from clients and has cataloged over 1,000 AI use cases. Internally, AI is enhancing content creation, leading to a 31% year-over-year increase in content published per analyst and a 75% reduction in average publishing time. Client-facing tools like AskGartner, where AI-related content and interactions accounted for approximately 40% of Gartner's activities in 2025, have improved client engagement and retention.
- Growth in the Conferences Segment: Gartner anticipates robust growth in its Conferences segment. For 2024, the company expects Conferences revenue to reach at least $560 million, representing an FX-neutral growth of approximately 11%. Looking further ahead, 2026 guidance projects Conferences revenue of $695 million or more, with an FX-neutral growth of about 7%. This segment provides opportunities for business professionals to learn, share, and network, contributing to overall revenue expansion.
- Expansion into Under-penetrated Markets and Engagement with Senior Operating Executives: Gartner's growth strategy includes targeting under-penetrated markets and expanding its reach to senior operating executives beyond traditional IT roles. This approach aims to broaden its customer base and deepen its influence within client organizations by addressing a wider range of strategic priorities.
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Share Repurchases
- Gartner repurchased $2.0 billion of its stock in 2025, leading to an 8% reduction in its outstanding share count year-over-year.
- In the third quarter of 2025, the company repurchased 4.0 million common shares for $1.1 billion, representing a record for a single quarter.
- As of January 2026, Gartner's Board of Directors increased the share repurchase authorization by an additional $500 million, supplementing a previous $7.0 billion plan that had approximately $750 million remaining as of December 2025.
Outbound Investments
- Gartner entered into a definitive agreement to divest its Digital Markets business in late 2025 or early 2026.
- The company made acquisitions to broaden its product solutions, including UpCity in 2022 and Pulse Q&A in 2021.
Capital Expenditures
- Gartner's capital expenditures for the latest twelve months ending September 30, 2025, totaled $115.3 million.
- From fiscal years 2020 to 2024, the company's capital expenditures averaged $91.327 million annually.
- Capital expenditures are primarily focused on long-term assets such as office buildings, machines, and vehicles.
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| 02282026 | BMI | Badger Meter | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02282026 | VRNS | Varonis Systems | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | ITRI | Itron | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | FSLR | First Solar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PEGA | Pegasystems | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | IT | Gartner | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 08312025 | IT | Gartner | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -37.4% | -37.4% | -42.3% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 126.34 |
| Mkt Cap | 10.3 |
| Rev LTM | 9,380 |
| Op Inc LTM | 1,110 |
| FCF LTM | 1,054 |
| FCF 3Y Avg | 944 |
| CFO LTM | 1,155 |
| CFO 3Y Avg | 1,040 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.6% |
| Rev Chg 3Y Avg | 4.2% |
| Rev Chg Q | -1.7% |
| QoQ Delta Rev Chg LTM | -0.4% |
| Op Mgn LTM | 12.4% |
| Op Mgn 3Y Avg | 12.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 13.5% |
| CFO/Rev 3Y Avg | 11.4% |
| FCF/Rev LTM | 12.6% |
| FCF/Rev 3Y Avg | 10.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 10.3 |
| P/S | 1.2 |
| P/EBIT | 9.5 |
| P/E | 13.7 |
| P/CFO | 9.2 |
| Total Yield | 8.2% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 5.3% |
| D/E | 0.4 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.8% |
| 3M Rtn | -22.1% |
| 6M Rtn | -19.0% |
| 12M Rtn | -30.1% |
| 3Y Rtn | -17.8% |
| 1M Excs Rtn | 5.8% |
| 3M Excs Rtn | -13.7% |
| 6M Excs Rtn | -13.7% |
| 12M Excs Rtn | -42.0% |
| 3Y Excs Rtn | -75.7% |
Price Behavior
| Market Price | $155.42 | |
| Market Cap ($ Bil) | 11.2 | |
| First Trading Date | 10/05/1993 | |
| Distance from 52W High | -65.4% | |
| 50 Days | 200 Days | |
| DMA Price | $174.55 | $251.25 |
| DMA Trend | down | down |
| Distance from DMA | -11.0% | -38.1% |
| 3M | 1YR | |
| Volatility | 60.3% | 49.9% |
| Downside Capture | 1.41 | 1.28 |
| Upside Capture | 8.21 | 44.87 |
| Correlation (SPY) | 22.6% | 34.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.18 | 2.69 | 2.09 | 1.37 | 0.98 | 1.03 |
| Up Beta | 1.00 | 3.38 | 2.89 | 1.74 | 0.87 | 0.94 |
| Down Beta | 4.80 | 3.16 | 2.95 | 2.31 | 0.83 | 1.02 |
| Up Capture | 123% | 28% | 25% | 8% | 36% | 58% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 21 | 34 | 61 | 119 | 395 |
| Down Capture | 504% | 374% | 251% | 149% | 142% | 107% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 20 | 27 | 63 | 131 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IT | |
|---|---|---|---|---|
| IT | -64.1% | 49.8% | -1.87 | - |
| Sector ETF (XLK) | 22.4% | 26.8% | 0.73 | 32.1% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 34.5% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | -11.0% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 6.2% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 24.2% |
| Bitcoin (BTCUSD) | -21.0% | 44.0% | -0.41 | 20.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IT | |
|---|---|---|---|---|
| IT | -3.4% | 34.2% | -0.03 | - |
| Sector ETF (XLK) | 15.4% | 24.6% | 0.56 | 47.9% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 52.0% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | -0.0% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 8.5% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 38.9% |
| Bitcoin (BTCUSD) | 4.7% | 56.6% | 0.30 | 20.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IT | |
|---|---|---|---|---|
| IT | 6.0% | 32.4% | 0.26 | - |
| Sector ETF (XLK) | 20.8% | 24.3% | 0.79 | 51.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 57.0% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 0.5% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 17.1% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 45.7% |
| Bitcoin (BTCUSD) | 66.9% | 66.8% | 1.06 | 14.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/3/2026 | -20.9% | -21.1% | -17.5% |
| 11/4/2025 | -7.6% | -7.0% | -5.6% |
| 8/5/2025 | -27.6% | -32.9% | -26.5% |
| 5/6/2025 | 1.4% | 4.7% | -0.3% |
| 2/4/2025 | -0.1% | -3.5% | -10.5% |
| 11/5/2024 | 1.7% | 8.7% | 3.5% |
| 2/6/2024 | -1.7% | -4.0% | -0.2% |
| 5/2/2023 | -1.8% | -1.1% | 11.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 10 |
| # Negative | 7 | 9 | 10 |
| Median Positive | 7.6% | 6.3% | 13.8% |
| Median Negative | -3.1% | -4.4% | -6.1% |
| Max Positive | 14.2% | 24.7% | 23.3% |
| Max Negative | -27.6% | -32.9% | -26.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pagliuca, Stephen G | Direct | Buy | 12122025 | 229.57 | 43,300 | 9,940,341 | 25,622,894 | Form | |
| 2 | Herkes, Claire | EVP, Conferences | Direct | Sell | 12052025 | 231.56 | 367 | 84,983 | 943,375 | Form |
| 3 | Rinello, John J | SVP, Global Business Sales | Direct | Sell | 12052025 | 229.57 | 220 | 50,505 | 699,270 | Form |
| 4 | Rinello, John J | SVP, Global Business Sales | Direct | Sell | 8262025 | 249.71 | 105 | 26,220 | 805,315 | Form |
| 5 | Gutierrez, Jose M | Direct | Buy | 8202025 | 239.80 | 417 | 99,997 | 498,784 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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