AJG FY 2024 Earnings Report — Arthur J. Gallagher & Co. Revenue & Financial Results | Market Cap Arena

Arthur J. Gallagher & Co.AJG

FY 2024 Earnings

Reported February 18, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$11.6B	—	$10.1B	—	14.7%
Op. Income	$2.3B	—	$1.9B	—	22.8%
Gross Margin	42.2%	—	42.1%	—	0.1pp
Net Margin	12.7%	—	9.6%	—	3.0pp
EPS (Diluted)	$6.53	—	$4.42	—	47.7%
Free Cash Flow	$2.4B	—	$1.8B	—	32.8%

Revenue Flow

Item	Amount
REVENUE	$11.6B
Cost of Revenue	$6.7B
GROSS PROFIT	$4.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.5B
SG&A Expenses	$6.5B
Other Expenses	-$3.9B
Operating Expenses	$2.6B
Cost & Expenses	$9.3B
OPERATING INCOME	$2.3B
Interest Income	$0
Interest Expense	$381M
Other Income/Expenses	-$407M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$404M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$842M
EBIT	$2.3B
EBITDA	$3.1B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$11.6B
Cost of Revenue	$6.7B
GROSS PROFIT	$4.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.5B
SG&A Expenses	$6.5B
Other Expenses	-$3.9B
Operating Expenses	$2.6B
Cost & Expenses	$9.3B
OPERATING INCOME	$2.3B
Interest Income	$0
Interest Expense	$381M
Other Income/Expenses	-$407M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$404M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$842M
EBIT	$2.3B
EBITDA	$3.1B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$842M
Stock-Based Compensation	$118M
Deferred Income Tax	$109M
Other Non-Cash Items	$11M
Change in Working Capital	$41M
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$142M
Acquisitions (Net)	-$1.5B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$5.3B
Common Stock Repurchased	$0
Common Dividends Paid	-$525M
Other Financing Activities	-$197M
NET CASH FROM FINANCING	$13.1B
FREE CASH FLOW	$2.4B
Net Change in Cash	$13.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$15.0B
Short-Term Investments	$6M
Net Receivables	$3.9B
Inventory	$0
Other Current Assets	$25.2B
TOTAL CURRENT ASSETS	$44.1B
PP&E (Net)	$1.0B
Goodwill	$12.3B
Intangible Assets	$4.5B
Long-Term Investments	$0
Tax Assets	$959M
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$20.1B
TOTAL ASSETS	$64.3B
Account Payables	$0
Short-Term Debt	$425M
Deferred Revenue	$537M
Other Current Liabilities	$28.3B
TOTAL CURRENT LIABILITIES	$29.3B
Long-Term Debt	$12.7B
Deferred Revenue NC	$67M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$14.8B
TOTAL LIABILITIES	$44.1B
Common Stock	$250M
Additional Paid-In Capital	$16.1B
Retained Earnings	$5.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.2B
Minority Interest	$26M
TOTAL EQUITY	$20.2B
TOTAL LIABILITIES & EQUITY	$64.3B
Total Debt	$13.5B
Net Debt	-$1.5B