{ "ok": true, "cik": "354190", "ticker": "AJG", "name": "ARTHUR J. GALLAGHER & CO.", "filings": [ { "form": "8-K", "filed": "2026-08-27", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/354190/000035419026000197/0000354190-26-000197-index.htm" }, { "form": "10-Q", "filed": "2026-08-05", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/354190/000162828026053489/0001628280-26-053489-index.htm" }, { "form": "8-K", "filed": "2026-07-30", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure" ], "url": "https://www.sec.gov/Archives/edgar/data/354190/000162828026051070/0001628280-26-051070-index.htm" }, { "form": "8-K", "filed": "2026-07-29", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/354190/000035419026000184/0000354190-26-000184-index.htm" }, { "form": "8-K", "filed": "2026-06-17", "items": [ "7.01 Regulation FD Disclosure" ], "url": "https://www.sec.gov/Archives/edgar/data/354190/000035419026000171/0000354190-26-000171-index.htm" }, { "form": "8-K", "filed": "2026-05-13", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/354190/000035419026000142/0000354190-26-000142-index.htm" } ], "events12m": 11, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-08-27", "url": "https://www.sec.gov/Archives/edgar/data/354190/000035419026000197/0000354190-26-000197-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000354190.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=354190" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up ARTHUR J. GALLAGHER & CO. ($AJG). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-08-27. 11 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 13942000000, "revenueGrowth1y": 0.20657723929035043, "revenueGrowthPerYear": 0.14157228204770766, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.10780375842777219, "operatingCashFlow": 1930000000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 1396000000, "longTermDebt": 12873000000, "longTermDebtChange": 0.011074458058435432, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 8209400000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 8550600000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 10072000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 11555000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 13942000000 } ], "totalEquity": 23321000000, "totalAssets": 70665000000, "equityRatio": 0.3300219344795868, "returnOnEquity": 0.0644483512713863, "dividendsPaid": 667000000, "payoutRatio": 0.44377910844976715, "dividendPerShare": 2.6, "dividendYearsRising": 15, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 5.83, "sharesOutstanding": 256100000, "bookValuePerShare": 91.06208512299882, "revenuePerShare": 54.43967200312378, "range80": { "low": 14693153102.57629, "high": 17561533983.537346, "baseline": 16615911263.630291, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.06449966393420359, "classVolatility": 0.06659579566308972, "volatility": 0.06555610821130707 }, "ifPaceHeld": { "low": 14693153102.57629, "high": 17561533983.537346 } }, "edgarette": "🔖 Exposure: revenue $13.9B (FY2025), total debt $12.9B. Experience: revenue up 20.7% on the year, up 14.2% a year over 4 years. Soundness: equity 33.0% of assets, return on equity 6.4%, payout 44.4% of profit, dividend per share up 15 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $14.7B and $17.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $13.6B to $18.9B. A statistical range, not company guidance. Against peers (16 filers, $50M+ revenue, insurance agents, brokers & service): growth 20.7% against 15.8%.", "peers": { "sic": 6411, "sicDescription": "Insurance Agents, Brokers & Service", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6411", "growth": [ 0.1582, 24 ], "opMargin": [ 0.1553, 16 ], "equityRatio": [ 0.2252, 22 ], "returnOnEquity": [ 0.1198, 14 ], "payoutRatio": [ 0.4084, 11 ] }, "summary": "Arthur J. Gallagher & (AJG) grew revenue 20.7% in FY2025 to $13.9 billion, equity 33.0% of assets, and dividend per share up 15 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
ARTHUR J. GALLAGHER & CO. against its own record and its peers
Revenue, on the yearPeer median 15.8%20.7%Equity of assetsPeer median 22.5%33.0%Return on equityPeer median 12.0%6.4%Payout of profitPeer median 40.8%44.4%Gold tick: the median of 11–22 peers with $50M+ revenue in insurance agents, brokers & service
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit44.4% paid out55.6% keptHanded back per share$2.6up 15 years runningGrowth its own profit can fund3.6%retained x return on equityRevenue growth it managed20.7%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 14, "hits": 9, "rate": 0.6428571428571429, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 0, 1 ], "2014": [ 0, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:00:56.935Z", "hash": "1ad664b0a12cbc7b", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Arthur J. Gallagher & (AJG) grew revenue 20.7% in FY2025 to $13.9 billion, equity 33.0% of assets, and dividend per share up 15 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 13942000000, "totalDebt": 12873000000, "cash": 1396000000 }, "experience": { "revenueGrowth1y": 0.20657723929035043, "revenueGrowthPerYear": 0.14157228204770766, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.10780375842777219, "freeCashFlow": null }, "soundness": { "equityRatio": 0.3300219344795868, "returnOnEquity": 0.0644483512713863, "payoutRatio": 0.44377910844976715, "dividendPerShare": 2.6, "dividendYearsRising": 15, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6411, "sicDescription": "Insurance Agents, Brokers & Service", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6411", "growth": [ 0.1582, 24 ], "opMargin": [ 0.1553, 16 ], "equityRatio": [ 0.2252, 22 ], "returnOnEquity": [ 0.1198, 14 ], "payoutRatio": [ 0.4084, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-08-27", "url": "https://www.sec.gov/Archives/edgar/data/354190/000035419026000197/0000354190-26-000197-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 14693153102.57629, "high": 17561533983.537346, "baseline": 16615911263.630291, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.06449966393420359, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.06555610821130707, "k": 3 }, "stress": { "low": 13586055495.741383, "high": 18862388348.34258, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 14, "hits": 9, "rate": 0.6428571428571429, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 0, 1 ], "2014": [ 0, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:00:56.935Z", "hash": "1ad664b0a12cbc7b", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000354190.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=354190" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1384, "growth3y": 0.177, "volatility": 0.0645, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.33, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "now", "inside": "Turns 13.8% of revenue into operating cash; revenue growing 17.7% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 50th percentile for cash, 90th for growth.", "emoji": "🐄", "label": "Cash cow now", "plain": "steady, with strong cash arriving today" }, "band": "$10B+", "cashPctInClass": 50, "growthPctInClass": 90, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 1930000000, "investing": -15876000000, "financing": 1713000000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 1392400000, "free": null }, { "fiscalYearEnd": "2022-12-31", "operating": 1390000000, "free": null }, { "fiscalYearEnd": "2023-12-31", "operating": 2032000000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 2583000000, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": 1930000000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1396000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 70665000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1384, "growth3y": 0.177, "volatility": 0.0645, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.33, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "now", "inside": "Turns 13.8% of revenue into operating cash; revenue growing 17.7% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 50th percentile for cash, 90th for growth.", "emoji": "🐄", "label": "Cash cow now", "plain": "steady, with strong cash arriving today" }, "band": "$10B+", "cashPctInClass": 50, "growthPctInClass": 90, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 1930000000, "investing": -15876000000, "financing": 1713000000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 1392400000, "free": null }, { "fiscalYearEnd": "2022-12-31", "operating": 1390000000, "free": null }, { "fiscalYearEnd": "2023-12-31", "operating": 2032000000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 2583000000, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": 1930000000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1396000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 70665000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }