Stocks · Financial Services · Insurance - Brokers
Arthur J. Gallagher & Co. AJG
$227.24 +0.50% Close, Oct 5, 2026 · NYSE · Market cap $58.09B
High qualityWeak trend
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $15.75B, up 26.3% from a year earlier.
- Over the past year the stock returned -26.4%, behind the S&P 500 by 42.1 percentage points.
- Operating margin narrowed to 17.0% from 21.1% a year earlier.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth65Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 16%
- EPS growth (TTM, YoY)Bottom 23%
- FCF growth (TTM, YoY)Bottom 48%
- Revenue growth, 3-year CAGRTop 40%
- Revenue growth accelerationTop 30%
Quality85Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 28%
- Gross marginTop 26%
- Operating marginBottom 39%
- Cash conversion (OCF / net income)Top 28%
- Accruals (lower is better)Top 32%
- Net debt / EBITDA (lower is better)Top 32%
- Interest coverTop 22%
Value40Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 29%
- Free-cash-flow yieldBottom 32%
- EBITDA / enterprise valueTop 49%
- Sales / enterprise valueBottom 39%
- P/E vs own 5-year history (lower is better)Top 39%
Momentum18Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 14%
- 6-month returnBottom 48%
- 1-year return vs S&P 500Bottom 12%
- Distance from 52-week highBottom 18%
- Trend checklist (0–4)Bottom 27%
Revisions70Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 25%
- Consecutive EPS beatsTop 34%
- Share of analysts rating BuyTop 27%
- Upside to consensus price targetTop 26%
Stability41Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 23%
- Maximum drawdown, 3 yearsBottom 21%
- Beta vs S&P 500 (lower is better)Top 31%
- Net debt / EBITDA (lower is better)Top 32%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 24.5% | 26.3% | ↑ |
| EPS growth (YoY) | -4.8% | -8.9% | ↓ |
| Gross margin | 43.6% | 74.6% | ↑ |
| Operating margin | 21.1% | 17.0% | ↓ |
| FCF margin | 15.8% | 14.5% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 26.3% | 24.5% | ↑ | Top 16% |
| EPS growth (TTM, YoY) | -8.9% | -4.8% | ↓ | Bottom 23% |
| Gross margin | 74.6% | 43.6% | ↑ | Top 26% |
| Operating margin | 17.0% | 21.1% | ↓ | Bottom 39% |
| Net margin | 10.0% | 13.2% | ↓ | — |
| Free-cash-flow margin | 14.5% | 15.8% | ↓ | — |
| Return on invested capital | 5.3% | — | Top 28% | |
| Revenue growth, 3-year CAGR | 17.7% | — | Top 40% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.56×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +1.9 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.16×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 4.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.19%
- Net buyback yield (TTM)
- 0.46%
- Shareholder yield
- 1.66%
- Share count change, 1 year
- -0.7%
- Share count change, 3-year CAGR
- +5.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -1.1%
- Average 2-day reaction, last 8
- -0.6%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $285.09
- Target vs current price
- +25.5%
- Analysts with a rating
- 29
- Share rating Buy or Strong Buy
- 66%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +1.1% | -4.6% | -6.6% | -1.4% | — |
| Apr 30, 2026 | +0.9% | -2.6% | -7.0% | -4.3% | +19.6% |
| Jan 29, 2026 | +1.3% | +1.4% | +3.0% | -7.1% | -11.1% |
| Oct 30, 2025 | -7.6% | +0.0% | -5.3% | -5.2% | -7.5% |
| Jul 31, 2025 | -1.3% | +0.5% | +0.1% | +4.5% | -1.2% |
| May 1, 2025 | +2.8% | -1.0% | +5.9% | +6.6% | -3.6% |
| Jan 30, 2025 | +4.9% | +1.7% | +7.5% | +13.3% | +9.6% |
| Oct 24, 2024 | +0.0% | -0.5% | -1.5% | +2.4% | +1.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $2.84 | $2.81 | +1.1% | $3.96B |
| Apr 30, 2026 | $4.47 | $4.43 | +0.9% | $4.72B |
| Jan 29, 2026 | $2.38 | $2.35 | +1.3% | $3.59B |
| Oct 30, 2025 | $2.32 | $2.51 | -7.6% | $3.37B |
| Jul 31, 2025 | $2.33 | $2.36 | -1.3% | $3.22B |
| May 1, 2025 | $3.67 | $3.57 | +2.8% | $3.73B |
| Jan 30, 2025 | $2.13 | $2.03 | +4.9% | $2.72B |
| Oct 24, 2024 | $2.26 | $2.26 | +0.0% | $2.81B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 37.6× | 40.0× | 43th | Bottom 29% |
| P/E (forward) | 17.2× | — | — | — |
| EV / EBITDA | 14.8× | — | — | Top 49% |
| EV / Sales | 3.73× | — | — | Bottom 39% |
| Free-cash-flow yield | 3.94% | — | — | Bottom 32% |
| Earnings yield | 2.66% | — | — | Bottom 29% |
P/E over the past five years
Range 31.2× – 55.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -26.4%
- Earnings per share growth (TTM)
- -8.9%
- Change in P/E multiple
- -3.0%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.7%
- 200-day average slope (20 days)
- -0.5%
- Distance from 50-day average
- -8.9%
- Distance from 200-day average
- -2.4%
- RSI (14)
- 36.9
- Relative volume
- 0.78×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 33.0%
- Volatility vs own 5-year history
- 93th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.43
- Correlation with S&P 500
- 0.23
- Current drawdown from 1-year high
- -26.8%
- Maximum drawdown, 3 years
- -44.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 2, 2025 | May 13, 2026 | -45.0% | 238 days | Not yet recovered |
| Apr 21, 2022 | Jun 16, 2022 | -19.1% | 39 days | 37 days (Aug 10, 2022) |
| Nov 24, 2023 | Dec 20, 2023 | -13.0% | 18 days | 55 days (Mar 12, 2024) |
| Nov 27, 2024 | Jan 2, 2025 | -12.5% | 23 days | 22 days (Feb 5, 2025) |
| Dec 27, 2021 | Jan 27, 2022 | -12.4% | 22 days | 42 days (Mar 29, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $58.09B
- P/E (TTM)
- 37.6
- EPS, diluted (TTM)
- $6.04
- Revenue (TTM)
- $15.75B
- Dividend yield
- 1.21%
- 52-week range
- $190.75 – $313.55
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $8.21B | $8.55B | $10.07B | $11.55B | $13.94B |
| Gross profit | $2.98B | $3.60B | $4.25B | $4.88B | $7.63B |
| Operating income | $1.34B | $1.67B | $1.86B | $2.28B | $2.55B |
| Net income | $906.8M | $1.11B | $969.5M | $1.46B | $1.49B |
| EPS (diluted) | $4.37 | $5.19 | $4.42 | $6.53 | $5.75 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.81B | $2.72B | $3.73B | $3.22B | $3.37B | $3.63B | $4.76B | $4.00B |
| Net income | $312.6M | $258.3M | $704.4M | $365.8M | $272.7M | $151.0M | $822.0M | $323.0M |
| EPS (diluted) | $1.39 | $1.12 | $2.72 | $1.40 | $1.05 | $0.58 | $3.16 | $1.25 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.70B | $1.39B | $2.03B | $2.58B | $1.93B |
| Capital expenditure | -$128.6M | -$182.7M | -$193.6M | -$141.9M | -$145.0M |
| Free cash flow | $1.58B | $1.21B | $1.84B | $2.44B | $1.78B |
| Dividends paid | -$392.0M | -$429.5M | -$473.6M | -$525.4M | -$667.0M |
| Net share buybacks | $1.55B | $123.1M | $120.2M | $8.51B | $1.50B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.39B
- Total assets
- $81.81B
- Total liabilities
- $58.06B
- Total debt
- $2.02B
- Net debt
- $631.0M
- Shareholders’ equity
- $23.72B
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 8, 2026 | $0.70 | Sep 18, 2026 |
| Jun 5, 2026 | $0.70 | Jun 19, 2026 |
| Mar 6, 2026 | $0.70 | Mar 20, 2026 |
| Dec 5, 2025 | $0.65 | Dec 19, 2025 |
| Sep 5, 2025 | $0.65 | Sep 19, 2025 |
| Jun 6, 2025 | $0.65 | Jun 20, 2025 |
| Mar 7, 2025 | $0.65 | Mar 21, 2025 |
| Dec 6, 2024 | $0.60 | Dec 20, 2024 |
Short interest
- Shares sold short
- 6,372,633
- Days to cover
- 4.51
- Change vs previous report
- -4.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jan 19, 2001
- 2-for-1
- Mar 16, 2000
- 2-for-1
- Jul 16, 1986
- 2-for-1