Arthur J. Gallagher & Co.

Financials Insurance Brokers Rolling Meadows, Illinois Last filing Feb 17, 2026 · FY2025

                    Revenue
                    FY2025
                
Not reported
                    
                    No matching line (14 accounts checked)
                    
                    Net income
                    FY2025
                
$1.5B
                    
                    +2.1%
                    
                    Total assets
                    FY2025
                
$70.7B
                    ROA +2.1%
                    
                    P44
                    
                    +10.0%
                    
                    Operating cash flow
                    FY2025
                
$1.9B
                    
                    -25.3%

18 yrs · FY2008–FY2025 7 filed · 0 derived · 2 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 3 years

Total assets $70.7B

Total liabilities $47.3B

Shareholders equity $23.3B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	2.0%	23.3%	1.9%
Accounts Receivable	7.3%	6.1%	7.3%
Prepaid Expenses	1.3%	0.8%	0.9%
Other Current Assets	1.3%	0.8%	0.9%
Total Current Assets	48.6%	68.7%	62.2%
Property,Plant and Equipment	1.1%	1.0%	1.4%
Operating Lease Assets	0.8%	0.6%	0.8%
Goodwill	32.0%	19.1%	22.2%
Intangible Assets	15.1%	7.1%	9.0%
Deferred Tax Assets	0.1%	1.5%	2.2%
Other Noncurrent Assets	2.3%	2.1%	2.2%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	7.3%	6.1%	7.3%
Accrued Liabilities	46.0%	45.5%	60.2%
Deferred Revenue	1.0%	0.8%	1.2%
Current Portion of Long Term Debt	0.9%	0.3%	1.3%
Operating Lease Liabilities	0.7%	0.5%	0.7%
Total Current Liabilities	46.0%	45.5%	60.2%
Long Term Debt	17.1%	19.8%	13.6%
Deferred Revenue Noncurrent	0.2%	0.1%	0.1%
Operating Lease Liabilities Noncurrent	0.7%	0.5%	0.7%
Other Noncurrent Liabilities	2.9%	2.6%	4.5%
Total Liabilities	67.0%	68.6%	79.0%
Equity
Common Stock	0.4%	0.4%	0.4%
Additional Paid In Capital	25.2%	25.0%	14.1%
Retained Earnings	8.2%	7.8%	7.9%
Accumulated Other Comprehensive Income	-0.7%	-1.8%	-1.5%
Noncontrolling Interest	0.0%	0.0%	0.1%
Total Stockholders Equity	33.0%	31.4%	20.9%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

14 accounts · 3 years

Revenue Not reported

Operating income Not reported

Net income $1.5B

Account	2025	2024	2023
IncomeStatement
Expenses Cost of Revenue	17.1%	15.1%	17.2%
Expenses Depreciation and Amortization	1.6%	1.3%	1.4%
Expenses Share Based Compensation	0.1%	0.1%	0.1%
Expenses Operating Expenses	3.2%	2.7%	3.3%
Other Income Expense Interest Expense	0.9%	0.6%	0.6%
Other Income Expense Other Income/expense	0.0%	0.0%	0.0%
Other Income Expense Income Before Tax	2.6%	2.9%	2.3%
Income Tax Income Tax Expense	0.5%	0.6%	0.4%
net Income net Income	2.1%	2.3%	1.9%
net Income Comprehensive Income	3.0%	1.7%	2.6%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.4%	0.3%	0.4%
Earnings Per Share Weighted Average Shares Diluted	0.4%	0.3%	0.4%

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 3 years

Operating cash flow $1.9B

Investing cash flow $-15.9B

Financing cash flow $1.7B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	2.1%	2.3%	1.9%
Operating Activities Depreciation and Amortization	1.6%	1.3%	1.4%
Operating Activities Stock Based Compensation	0.1%	0.1%	0.1%
Operating Activities Deferred Income Taxes	0.1%	0.2%	0.1%
Operating Activities Changes In Operating Assets and Liabilities	0.3%	-0.1%	1.1%
Operating Activities net Cash From Operating Activities	2.7%	4.0%	3.9%
Investing Activities Capital Expenditures	0.2%	0.2%	0.4%
Investing Activities Other Investing Activities	-0.0%	-0.0%	-0.0%
Investing Activities net Cash From Investing Activities	-22.5%	-2.5%	-6.4%
Financing Activities Proceeds From Debt	3.6%	2.6%	7.4%
Financing Activities Repayment of Debt	3.6%	3.0%	7.0%
Financing Activities Dividends Paid	0.9%	0.8%	0.9%
Financing Activities Proceeds From Stock Issuance	2.1%	13.2%	0.2%
Financing Activities net Cash From Financing Activities	2.4%	20.3%	5.6%
Cash Reconciliation net Change In Cash	-16.9%	21.7%	3.1%
Cash Reconciliation Cash At Beginning of Period	2.0%	23.3%	1.9%
Cash Reconciliation Cash At End of Period	2.0%	23.3%	1.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	—	—	—
Net margin	—	—	—
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	—	—	—
Returns
ROE	+6.4%	+7.3%	+9.0%
ROA	+2.1%	+2.3%	+1.9%
ROIC	—	—	—
Liquidity
Current ratio	1.06x	1.51x	1.03x
Quick ratio	0.20x	0.65x	0.15x
Leverage
D/E	2.03x	2.19x	3.79x
Interest coverage	—	—	—
Efficiency
Asset turnover	—	—	—
Cash conversion cycle	—	—	—

Valuation

Price against fundamentals

AJG $306 · 2025-09-29 · 351d old · FY2025

Market cap $78.3B

P/E 52.40x

P/S —

P/B 3.36x

EV $89.6B

EV/EBITDA —

FCF yield +2.3%

Dividend yield +0.9%

Notes

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