ITHIGH SIGNALFINANCIAL10-K

Gartner executed a massive $2B share buyback program that decimated stockholders' equity by 77% while revenue grew but profitability collapsed.

The dramatic reduction in stockholders' equity from $1.4B to $320M signals an extremely aggressive capital return strategy that has fundamentally altered the company's balance sheet structure. While management clearly believes shares are undervalued, this level of financial engineering raises questions about sustainable capital allocation and leaves less cushion for future investments or economic downturns.

Comparing 2026-02-12 vs 2025-02-13View on EDGAR →
FINANCIAL ANALYSIS

Gartner presents a mixed financial picture with strong revenue growth of 13.3% to $2.0B but concerning profitability trends as net income plunged 42% to $729M and operating income fell 11%. The company executed an extraordinary $2B share buyback (up 171% from prior year) that reduced share count from 77M to 70M shares but obliterated stockholders' equity by 77% to just $320M. While debt decreased and cash remains substantial at $1.7B, the aggressive capital return strategy has fundamentally weakened the balance sheet structure despite strong underlying revenue momentum.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
+170.8%
$735.4M→$2.0B

Share repurchases increased 170.8% — management returning capital, signals confidence in intrinsic value.

Stockholders Equity
Balance Sheet
-76.5%
$1.4B→$319.9M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Net Income
P&L
-41.8%
$1.3B→$729.2M

Net income declined 41.8% — review whether driven by operations, interest costs, or non-recurring items.

Total Debt
Balance Sheet
-15.2%
$818.8M→$694.4M

Debt reduced 15.2% — deleveraging strengthens balance sheet and reduces financial risk.

Revenue
P&L
+13.3%
$1.8B→$2.0B

Revenue growing 13.3% — solid top-line momentum, watch margins for quality of growth.

Operating Cash Flow
Cash Flow
-13.1%
$1.5B→$1.3B

Operating cash flow softened — monitor whether temporary working capital timing or structural deterioration.

Operating Income
P&L
-11.3%
$1.2B→$1.0B

Operating profitability softening — costs rising faster than revenue, watch for margin recovery plan.

Cash & Equivalents
Balance Sheet
-10.9%
$1.9B→$1.7B

Cash decreased 10.9% — monitor burn rate and upcoming capital needs.

LANGUAGE CHANGES
NEW — 2026-02-12
PRIOR — 2025-02-13
ADDED
As of February 5, 2026, there were 70,450,294 shares of the registrant s common stock outstanding.
(NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization s mission-critical priorities.
We are a trusted advisor and an objective resource for over 13,000 enterprises in approximately 90 countries and territories across every major function, geography, industry and sector.
Gartner delivers its products and services globally through three reportable segments Business and Technology Insights, Conferences and Consulting, as described below.
In the second quarter of 2025, we renamed our segment previously referred to as Research to Business and Technology Insights (or Insights ) to reflect the nature of the value we provide to clients.
+7 more — sign up free →
REMOVED
As of February 7, 2025, there were 76,818,191 shares of the registrant s common stock outstanding.
(NYSE: IT) delivers actionable, objective insight that drives smarter decisions and stronger performance on an organization s mission-critical priorities.
We are a trusted advisor and an objective resource for close to 14,000 enterprises in approximately 90 countries and territories across all major functions, in every industry and enterprise size.
Gartner delivers its products and services globally through three business segments Research, Conferences and Consulting, as described below.
Research equips executives and their teams from every function and across all industries with actionable, objective insight, guidance and tools.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →