Arthur J. Gallagher & Co. (AJG) Stock Analysis
Financial Services · Insurance Brokers · NYSE
Arthur J. Gallagher & Co. (AJG) posted $13.75B in revenue for fiscal 2025 (up 20.6% year over year), at a 10.9% net margin, and has compounded revenue about 14.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. has grown revenue from $5.59B to $13.75B over the last 10 fiscal years, compounding about 14.4% a year. The most recent year was up 20.6%, so growth is actually accelerating.
Net margin sits at 10.9%, down 1.9 points year over year. It carries about $13.51B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Arthur J. Gallagher & Co.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Arthur J. Gallagher & Co. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.59B | $6.16B | $6.93B | $7.20B | $7.00B | $8.21B | $8.42B | $9.93B | $11.40B | $13.75B |
| Gross profit | $4.19B | $4.52B | $5.12B | $5.84B | $6.12B | $7.04B | $8.40B | — | — | — |
| Net income | $396.80M | $481.30M | $633.50M | $668.80M | $818.80M | $906.80M | $1.11B | $969.50M | $1.46B | $1.49B |
| Net margin | 7.1% | 7.8% | 9.1% | 9.3% | 11.7% | 11.0% | 13.2% | 9.8% | 12.8% | 10.9% |
Source: Arthur J. Gallagher & Co. SEC filings (10-K). 18 years of history available in the interactive view.
Arthur J. Gallagher & Co.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 23.3% over 4 years (208.5M → 257M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $13513M is 7.0× last year's operating cash flow — it would take years of cash flow to clear.
Explore 18 years of Arthur J. Gallagher & Co. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Arthur J. Gallagher & Co. financial history by metric
Compare Arthur J. Gallagher & Co. with peers
About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. The company operates in Brokerage and Risk Management segments. Its Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises. This segment performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers services in the areas of insurance and reinsurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent brokers and consultants. It serves commercial, industrial, public, religious, and nonprofit entities, as well as underwriting enterprises. The company was founded in 1927 and is headquartered in Rolling Meadows, Illinois.
Arthur J. Gallagher & Co. — frequently asked questions
What is Arthur J. Gallagher & Co.'s revenue?
Arthur J. Gallagher & Co. (AJG) reported revenue of $13.75B for fiscal year 2025, up 20.6% from the prior year, according to its SEC filings.
Is Arthur J. Gallagher & Co. profitable?
Yes. AJG earned net income of $1.49B in fiscal 2025, a net margin of 10.9%.
What is AJG's P/E ratio?
Arthur J. Gallagher & Co. trades at a price-to-earnings ratio of about 41.3 based on the latest data in our nightly-refreshed cache.
How fast is Arthur J. Gallagher & Co. growing?
AJG's revenue grew at roughly 14.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Arthur J. Gallagher & Co. have?
As of fiscal year 2025, AJG carried roughly $13.51B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Arthur J. Gallagher & Co.'s market cap?
Arthur J. Gallagher & Co. (AJG) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Arthur J. Gallagher & Co.'s fiscal year end?
AJG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Arthur J. Gallagher & Co.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.