balance equationreview2022-09-30
Difference 150600000 exceeds tolerance 38517200.000. Presentation or filing-vintage differences need review.
Revenue
$4.00B
Fiscal year ended 2026-06-30Net income
$324.00M
Fiscal year ended 2026-06-30Total assets
$81.81B
Fiscal year ended 2026-06-30Valuation, from the filing
| Public float | $71.12B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $276.61 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 47.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 5.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 3.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
47.6× earnings today, against a median of 26.5× across 9 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $71.12B | 47.6× | |
| 2024-06-30 | $49.34B | 33.7× | |
| 2023-06-30 | $40.93B | 42.2× | |
| 2022-06-30 | $29.58B | 26.5× | |
| 2021-06-30 | $25.19B | 27.8× | |
| 2020-06-30 | $16.25B | 19.8× | |
| 2018-06-30 | $14.24M | 0.0× | |
| 2017-06-30 | $9.09B | 18.9× | |
| 2016-06-30 | $7.53B | 19.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Insurance Agents, Brokers & Service filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| SBC / revenue | 0.4% | 0th | |
| Current ratio | 1.06x | 29th | |
| Long-term debt / equity | 0.52x | 36th | |
| Effective tax rate | 19.7% | 39th | |
| Revenue YoY growth | 20.7% | 61th | |
| Net margin | 10.7% | 47th |
Arthur J. Gallagher & Co. (AJG) reported revenue of $4.00B and net income of $324.00M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Arthur J. Gallagher & Co.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Insurance Agents, Brokers & Service.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.00B | $4.76B | $3.63B | $3.37B | $3.22B | $3.73B | $2.72B | $2.81B | $2.78B | $3.26B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $324.00M | $822.00M | $151.10M | $272.70M | $368.00M | $704.00M | $258.60M | $312.60M | $283.40M | $608.40M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Pretax income | $414.00M | $1.04B | $180.00M | $346.90M | $473.00M | $873.00M | $333.40M | $403.30M | $365.60M | $772.70M |
| Income tax expense | $90.00M | $220.00M | $25.70M | $73.30M | $105.00M | $164.00M | $74.60M | $89.20M | $80.20M | $160.00M |
| Diluted EPS | $1.25 | $3.16 | Unavailable | $1.04 | $1.40 | $2.72 | Unavailable | $1.39 | $1.27 | $2.74 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $81.81B | $78.30B | $70.66B | $79.07B | $80.12B | $74.10B | $64.26B | $57.24B | $63.01B | $60.98B |
| Current assets | $45.45B | $42.02B | $34.36B | $43.01B | $57.84B | $53.44B | $44.11B | $37.28B | $43.31B | $41.48B |
| Total liabilities | $58.06B | $54.50B | $47.32B | $55.83B | $57.07B | $51.74B | $44.08B | $45.03B | $51.41B | $49.63B |
| Current liabilities | $43.17B | $39.53B | $32.52B | $40.76B | $42.54B | $37.04B | $29.26B | $35.20B | $41.61B | $39.64B |
| Total equity incl. NCI | $23.75B | $23.80B | $23.35B | $23.24B | $23.06B | $22.35B | $20.18B | $12.21B | $11.60B | $11.34B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $6.08B | $5.96B | $5.18B | $5.43B | $4.74B | $4.52B | $3.90B | $3.99B | $4.18B | $4.15B |
| Goodwill | $23.03B | $22.96B | $22.59B | $22.21B | $13.74B | $12.72B | $12.27B | $12.19B | $11.92B | $11.53B |
| Long-term debt | $11.96B | $12.08B | $12.10B | $12.10B | $12.10B | $12.42B | $12.73B | $7.79B | $7.79B | $7.99B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.00M | $957.00M | $753.00M | $729.00M | -$424.00M | $872.00M | $739.40M | $934.80M | $119.50M | $789.30M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$353.00M | -$238.00M | -$471.60M | -$13.78B | -$1.35B | -$275.00M | -$857.00M | -$230.40M | -$307.70M | -$191.90M |
| Financing cash flow | $1.25B | -$723.00M | -$172.90M | $568.90M | $210.00M | $1.11B | $12.50B | $611.50M | -$53.80M | -$5.40M |
| Net change in cash | $851.00M | -$56.00M | $198.30M | -$12.47B | -$1.43B | $1.77B | $12.17B | $1.46B | -$243.00M | $537.50M |
| Stock-based compensation | $24.00M | $17.00M | $11.70M | $12.30M | $11.00M | $14.00M | $9.90M | $11.00M | $10.00M | $11.10M |
| Common dividends paid | $179.00M | $180.00M | $167.50M | $166.50M | $167.00M | $166.00M | $131.40M | $131.60M | $131.30M | $130.70M |
| Common share repurchases | $170.00M | $310.00M | Unavailable | Unavailable | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $358.00M | $339.00M | $361.50M | $275.50M | $230.00M | $255.00M | $213.70M | $210.00M | $211.60M | $207.70M |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 0.6% | 0.4% | 0.3% | 0.4% | 0.3% | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% |
| Current ratio | 1.05x | 1.06x | 1.06x | 1.06x | 1.36x | 1.44x | 1.51x | 1.06x | 1.04x | 1.05x |
| Revenue YoY growth | 24.2% | 27.7% | 33.6% | 19.9% | 16.1% | 14.4% | 11.7% | 12.6% | 13.7% | 20.3% |
| Net margin | 8.1% | 17.3% | 4.2% | 8.1% | 11.4% | 18.9% | 9.5% | 11.1% | 10.2% | 18.7% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.50x | Unavailable | 0.52x | 0.52x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 21.7% | 21.1% | 14.3% | 21.1% | 22.2% | 18.8% | 22.4% | 22.1% | 21.9% | 20.7% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AJG in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-17View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-01View SEC filing
10-Q · Filed 2025-05-02View SEC filing
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.