AJG - Arthur J. Gallagher & Co.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$268.38
DETAILS
HIGH:
$334.00
LOW:
$211.00
MEDIAN:
$272.00
CONSENSUS:
$268.38
UPSIDE:
31.08%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 13,941.8 | 11,554.9 | 10,071.9 | 8,550.6 | 8,209.4 | 7,009.4 | 7,119.7 | 6,923.8 | 6,245.6 | 5,680.5 | 5,392.4 | 4,626.5 | 3,179.6 | 2,520.3 | 2,134.7 | 1,864.2 | 1,729.3 | 1,645 | 1,623.3 | 1,470.1 | 1,428.9 | 1,437 | 1,221.1 | 1,060.3 | 888 | 800.6 | 713.5 | 582.8 | 524.6 | 449.7 | 424 | 346.9 | 302.1 |
| Cost of Revenue | 6,308.5 | 6,676.6 | 5,826.6 | 4,953.2 | 5,233.7 | 4,500.3 | 4,830.9 | 4,983.9 | 4,519.3 | 4,077.9 | 3,780.4 | 3,226.5 | 2,122.3 | 1,605 | 1,358.1 | 1,181.5 | 1,068.7 | 381.2 | 437 | 416.3 | 473.4 | 267.9 | 251.8 | 230.4 | 197.5 | 232.1 | 220.8 | 184.9 | 256 | 146.4 | 131.4 | 105.1 | 97.3 |
| Gross Profit | 7,633.3 | 4,878.3 | 4,245.3 | 3,597.4 | 2,975.7 | 2,509.1 | 2,288.8 | 1,939.9 | 1,726.3 | 1,602.6 | 1,612 | 1,400 | 1,057.3 | 915.3 | 776.6 | 682.7 | 660.6 | 1,263.8 | 1,186.3 | 1,053.8 | 955.5 | 1,169.1 | 969.3 | 829.9 | 690.5 | 568.5 | 492.7 | 397.9 | 268.6 | 303.3 | 292.6 | 241.8 | 204.8 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 7,001.1 | 6,522.3 | 5,681.2 | 4,799.8 | 3,927.5 | 3,466.5 | 3,339.5 | 3,026.3 | 2,752.3 | 2,538.9 | 2,428.9 | 2,167.6 | 1,685 | 1,493.4 | 419 | 354.6 | 331.3 | 997.9 | 911.6 | 838.7 | 750.6 | 871.9 | 730.1 | 602.5 | 515.1 | 415.3 | 365.7 | 318.4 | 171.4 | 249.7 | 235.8 | 188.9 | 160.9 |
| Other Expenses | (1,916.7) | (3,926.1) | (3,295) | (2,869.3) | (2,288.8) | (1,997.6) | (1,796.6) | (1,703.6) | (1,537.4) | (1,411.8) | (1,254) | (1,165.6) | (970.5) | (869.8) | 115.2 | 93.1 | 85.6 | 73.7 | 58.6 | 52.1 | 49.4 | 50.4 | 38.4 | 32.4 | 23.1 | 19.4 | 0 | 13.4 | 11.6 | 10.7 | 10.4 | 7.4 | 6.4 |
| Operating Expenses | 5,084.4 | 2,596.2 | 2,386.2 | 1,930.5 | 1,638.7 | 1,468.9 | 1,542.9 | 1,322.7 | 1,214.9 | 1,127.1 | 1,174.9 | 1,002 | 714.5 | 623.6 | 534.2 | 447.7 | 416.9 | 1,071.6 | 970.2 | 890.8 | 800 | 922.3 | 768.5 | 634.9 | 538.2 | 434.8 | 365.7 | 331.8 | 183 | 260.4 | 246.2 | 196.3 | 167.3 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 2,548.9 | 2,282.1 | 1,859.1 | 1,666.9 | 1,337 | 1,040.2 | 745.9 | 617.2 | 511.4 | 475.5 | 437.1 | 398 | 342.8 | 291.7 | 242.4 | 235 | 243.7 | 192.2 | 216.1 | 163 | 155.5 | 246.8 | 200.8 | 195 | 152.3 | 133.7 | 127.0 | 66.1 | 85.6 | 42.9 | 46.4 | 45.5 | 37.5 |
| Interest Expense | 638.8 | 381.3 | 296.7 | 256.9 | 226.1 | 196.4 | 179.8 | 138.4 | 124.1 | 109.8 | 103 | 89 | 50.1 | 43 | 40.8 | 34.6 | 28.5 | 28.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 3,661.2 | 3,098.4 | 2,178.3 | 2,183.5 | 1,767.5 | 1,629.7 | 1,280.3 | 1,036.8 | 869.7 | 794.2 | 730.7 | 639.4 | 519.7 | 428.7 | 363.8 | 330.7 | 325.2 | 265.9 | 281.4 | 223.7 | 212.1 | 310.1 | 249.5 | 230.8 | 175.4 | 153.2 | 144.7 | 79.4 | 97.2 | 53.6 | 56.8 | 52.9 | 43.9 |
| EBIT | 2,538.7 | 2,256.1 | 1,481.8 | 1,583.9 | 1,201.2 | 1,067.3 | 805.9 | 617.8 | 483.9 | 443.4 | 396.5 | 380.5 | 341.1 | 288.3 | 248.6 | 237.6 | 239.6 | 192.2 | 216.1 | 163 | 155.5 | 246.8 | 200.8 | 195 | 152.3 | 133.7 | 127.0 | 66.1 | 85.6 | 42.9 | 46.4 | 45.5 | 37.5 |
| Income Before Tax | 1,871 | 1,874.8 | 1,185.1 | 1,327 | 975.1 | 870.9 | 626.1 | 479.4 | 359.8 | 333.6 | 293.5 | 291.5 | 291 | 245.3 | 207.8 | 203 | 211.1 | 163.6 | 200.1 | 154.5 | 12.9 | 237.3 | 192.8 | 185.5 | 141.8 | 133.7 | 127.0 | 87.0 | 85.7 | 67 | 68.2 | 53.2 | 51.3 |
| Income Tax Expense | 368.3 | 404.4 | 219.1 | 211 | 20.1 | 12.8 | (89.7) | (196.5) | (157.1) | (96.7) | (95.6) | (36) | 6.4 | 50.3 | 63.7 | 39.7 | 78 | 52.2 | 45.5 | 26.1 | (26.2) | 47.8 | 46.9 | 55.6 | 16.5 | 40.8 | 43.8 | 28.3 | 28.1 | 22.8 | 25.8 | 18.7 | 19 |
| Net Income | 1,493.9 | 1,462.7 | 969.5 | 1,114.2 | 906.8 | 818.8 | 668.8 | 633.5 | 481.3 | 396.8 | 356.8 | 303.4 | 268.6 | 195 | 144.1 | 174.1 | 128.6 | 77.3 | 138.8 | 128.5 | 30.8 | 188.5 | 146.2 | 129.9 | 125.3 | 93.0 | 83.2 | 58.7 | 57.6 | 44.2 | 42.4 | 34.5 | 32.3 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 5.83 | 6.63 | 4.51 | 5.30 | 4.47 | 4.29 | 3.60 | 3.47 | 2.57 | 2.33 | 2.07 | 1.97 | 2.08 | 1.61 | 1.28 | 1.61 | 1.28 | 0.83 | 1.45 | 1.32 | 0.32 | 2.05 | 1.62 | 1.47 | 1.47 | 1.11 | 0.92 | 0.81 | 0.80 | 0.64 | 0.65 | 0.54 | 0.44 |
| EPS (Diluted) | 5.75 | 6.53 | 4.42 | 5.19 | 4.37 | 4.20 | 3.52 | 3.40 | 2.54 | 2.32 | 2.06 | 1.97 | 2.06 | 1.59 | 1.28 | 1.61 | 1.28 | 0.82 | 1.43 | 1.31 | 0.32 | 1.99 | 1.57 | 1.41 | 1.39 | 1.04 | 0.87 | 0.77 | 0.80 | 0.64 | 0.61 | 0.54 | 0.44 |
| Shares Outstanding | 260.3 | 220.5 | 214.9 | 210.3 | 202.7 | 191 | 186 | 182.7 | 180.1 | 177.6 | 172.2 | 152.9 | 128.9 | 121.0 | 111.7 | 108.4 | 100.5 | 93.8 | 95.7 | 97.3 | 94.3 | 91.1 | 89.8 | 87.1 | 84.6 | 83.7 | 90.5 | 72.9 | 72 | 69.1 | 65.2 | 63.6 | 73.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 1,396 | 14,987.3 | 971.5 | 738.4 | 402.6 | 664.6 | 604.8 | 607.2 | 681.2 | 545.5 | 205.9 | 194.4 | 224.6 | 193.6 | 152.5 | 97.3 | 99.9 | 61.1 | 61.5 | 67.2 | 57 | 53.5 | 39.7 | 46.8 |
| Short-Term Investments | 0 | 6.2 | 3.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.2 | 26 | 31.9 | 14.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 5,175 | 3,895.9 | 3,786.6 | 2,911.1 | 12,393 | 6,893.1 | 5,891.7 | 5,365.9 | 4,484.1 | 2,400.1 | 693.7 | 826.5 | 1,355.5 | 1,286.4 | 1,183.7 | 555.3 | 405.2 | 364.9 | 288.3 | 217.6 | 237.6 | 193.7 | 179.8 | 152.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 27,785 | 25,230.1 | 27,358 | 17,892.2 | 4,193.4 | 3,011.7 | 2,117.4 | 1,721.2 | 1,707.1 | 1,392.1 | 640.3 | 680.9 | 621.7 | 596 | 422 | 347.2 | 267.0 | 238.8 | 185.5 | 184.5 | 170.7 | 134.5 | 131.6 | 164.4 |
| Total Current Assets | 34,356 | 44,113.3 | 32,116.1 | 22,285.2 | 17,670.4 | 11,124.2 | 9,117.5 | 8,118.7 | 5,170.6 | 4,416.1 | 1,540 | 1,702 | 2,227.8 | 2,107.9 | 1,773.6 | 1,024.3 | 777.7 | 642.8 | 531 | 468.8 | 463.9 | 381.7 | 351.1 | 363.7 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 1,387 | 1,028.1 | 1,126.7 | 922.9 | 859.4 | 824.6 | 860.9 | 436.9 | 412.2 | 377.6 | 80.7 | 88.8 | 259 | 266.2 | 251.0 | 51.2 | 40.0 | 36.2 | 31.5 | 27.8 | 26 | 22.6 | 20 | 18.2 |
| Goodwill | 22,593 | 12,270.2 | 11,475.6 | 9,489.4 | 8,666.2 | 6,127 | 5,618.5 | 4,625.6 | 4,197.9 | 3,767.8 | 742.3 | 596.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 10,684 | 4,530.1 | 4,633.3 | 3,372.1 | 3,954 | 2,399.9 | 2,318.7 | 1,773 | 1,644.6 | 1,627.3 | 438.4 | 461.2 | 374.2 | 222.9 | 135.1 | 65.3 | 15.9 | 10.9 | 12.5 | 10.4 | 11.1 | 7.6 | 7.9 | 7.7 |
| Long-Term Investments | 0 | 0 | 0 | 56.6 | 3.4 | 22.4 | 45.4 | 59.5 | 0 | 0 | 45.6 | 17.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,645 | 1,354.4 | 1,131.8 | 933.2 | 963.1 | 747.5 | 728.2 | 514.1 | 567 | 504.3 | 132.2 | 565.3 | 192.1 | 166.8 | 201.5 | 231.7 | 228.6 | 194.2 | 171 | 134.8 | 89.4 | 83.7 | 72.1 | 73.9 |
| Total Non-Current Assets | 36,309 | 20,141.9 | 19,499.7 | 16,073.2 | 15,674.6 | 11,207.2 | 10,517.3 | 8,215.3 | 7,726.8 | 7,073.5 | 1,710.3 | 1,569.3 | 1,010.1 | 793.7 | 690.0 | 447.6 | 284.6 | 241.3 | 215 | 173 | 126.5 | 113.9 | 100 | 99.8 |
| Total Assets | 70,665 | 64,255.2 | 51,615.8 | 38,358.4 | 33,345 | 22,331.4 | 19,634.8 | 16,334 | 12,897.4 | 11,489.6 | 3,250.3 | 3,271.3 | 3,237.9 | 2,901.6 | 2,463.6 | 1,471.8 | 1,062.3 | 884.1 | 746 | 641.8 | 590.4 | 495.6 | 451.1 | 463.5 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 0 | 0 | 0 | 18,698.2 | 13,845.6 | 7,784.6 | 6,348.5 | 5,740.2 | 4,986 | 2,996.1 | 0 | 1,365.3 | 1,838.9 | 1,743.5 | 108 | 111.6 | 109.2 | 96.8 | 92.2 | 90.7 | 69.7 | 57 | 44.9 | 36.4 |
| Short-Term Debt | 866 | 425.2 | 959 | 551.9 | 473.4 | 278.6 | 790.6 | 519 | 441.1 | 703.6 | 0 | 132 | 41.4 | 30.9 | 47.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 537.2 | 644.7 | 546.7 | 520.9 | 475.6 | 434.1 | 379.3 | 74.8 | 69 | 41.5 | 46.2 | 253.4 | 219.3 | 58.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 27,636 | 28,298.4 | 29,461 | 1,541.8 | 1,895.1 | 1,596.2 | 1,347.8 | 1,055.1 | (1,462.6) | 139.9 | 51.7 | 55 | 48 | 67.6 | 1,535.8 | 898.4 | 580.9 | 528.9 | 438.5 | 375.3 | 375 | 306.9 | 296.8 | 269.2 |
| Total Current Liabilities | 32,519 | 29,260.8 | 31,064.7 | 21,338.6 | 16,735 | 10,135 | 8,921 | 7,693.6 | 4,912.3 | 4,611.7 | 1,474.4 | 1,858.6 | 2,212.1 | 2,061.3 | 1,749.6 | 1,066.6 | 728.8 | 625.7 | 530.7 | 466 | 444.7 | 363.9 | 341.7 | 305.6 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 12,619 | 12,731.9 | 7,006 | 5,562.8 | 5,810.2 | 4,266 | 3,816.1 | 3,091.4 | 2,691.9 | 2,144.6 | 550 | 400 | 140 | 122.1 | 128.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.4 | 24.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (430.6) | (69) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.8 | 9.3 | 12 |
| Other Non-Current Liabilities | (14,026) | 1,687.7 | 2,316.1 | 1,903.8 | 1,871.7 | 1,311.1 | 1,271.6 | 900.9 | 1,128.3 | 1,077.5 | 333 | 274.2 | 124.8 | 99.1 | 57.5 | 33.7 | 19.2 | 15.9 | 12.8 | 11.9 | 11.2 | (0.2) | 0 | 0 |
| Total Non-Current Liabilities | 0 | 14,814.8 | 9,735.8 | 7,829.6 | 8,049.9 | 5,963.7 | 5,498.3 | 4,070.7 | 3,820.2 | 3,222.1 | 883 | 674.2 | 264.8 | 221.2 | 185.8 | 33.7 | 19.2 | 15.9 | 12.8 | 11.9 | 11.2 | 13.6 | 12.7 | 36.5 |
| Total Liabilities | 47,318 | 44,075.6 | 40,800.5 | 29,168.2 | 24,784.9 | 16,098.7 | 14,419.3 | 11,764.3 | 8,732.5 | 7,833.8 | 2,357.4 | 2,532.8 | 2,476.9 | 2,282.5 | 1,935.4 | 1,100.2 | 747.9 | 641.6 | 543.5 | 477.9 | 455.9 | 377.5 | 354.4 | 342.1 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 257 | 250 | 216.7 | 211.9 | 208.5 | 193.7 | 188.1 | 184 | 181 | 178.3 | 102.5 | 96.4 | 92.1 | 90 | 88.5 | 85.1 | 79.5 | 36.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 5,806 | 4,985.7 | 4,052.9 | 3,562.2 | 2,882.3 | 2,371.7 | 1,901.3 | 1,558.6 | 1,095.9 | 916.4 | 450.3 | 452 | 539 | 442.3 | 361.0 | 283.8 | 237.4 | 208.3 | 172.4 | 141.3 | 115.2 | 102.7 | 84.8 | 99.3 |
| Accumulated Other Comprehensive Income | (525) | (1,151.1) | (792.1) | (1,140.4) | (726.1) | (643.6) | (759.6) | (785.6) | (559.9) | (763.6) | (9) | (40.3) | (16.5) | (18.7) | (14.1) | (6.1) | (2.5) | (2.7) | (66.8) | (58.9) | (53.3) | (44.3) | (38.9) | (30.5) |
| Total Stockholders' Equity | 23,321 | 20,153.5 | 10,775.3 | 9,143.6 | 8,508.4 | 6,186.2 | 5,155.5 | 4,498.9 | 4,105.2 | 3,596.6 | 892.9 | 738.5 | 761 | 619.1 | 528.2 | 371.6 | 314.4 | 242.5 | 202.5 | 163.9 | 134.5 | 118.1 | 96.7 | 121.4 |
| Total Liabilities & Equity | 70,665 | 64,255.2 | 51,615.8 | 38,358.4 | 33,345 | 22,331.4 | 19,634.8 | 16,334 | 12,897.4 | 11,489.6 | 3,250.3 | 3,271.3 | 3,237.9 | 2,901.6 | 2,463.6 | 1,471.8 | 1,062.3 | 884.1 | 746 | 641.8 | 590.4 | 495.6 | 451.1 | 463.5 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 14,000 | 13,485.2 | 8,317.2 | 6,415.1 | 6,592.9 | 4,865.5 | 4,947.6 | 3,610.4 | 3,133 | 2,848.2 | 550 | 532 | 181.4 | 153 | 176.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.4 | 24.5 |
| Net Debt | 12,604 | (1,502.1) | 7,345.7 | 5,676.7 | 6,190.3 | 4,200.9 | 4,342.8 | 3,003.2 | 2,451.8 | 2,302.7 | 344.1 | 337.6 | (43.2) | (40.6) | 23.6 | (97.3) | (99.9) | (61.1) | (61.5) | (67.2) | (57) | (53.5) | (36.3) | (22.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 1,494 | 1,462.7 | 966 | 1,116 | 955 | 858.1 | 715.8 | 675.9 | 499.2 | 445 | 39.1 | 189.5 | 146.2 | 129.7 | 125.3 | 87.8 | 83.2 | 56.5 | 53.3 | 45.8 | 41.5 | 34.5 | 32.3 |
| Depreciation & Amortization | 1,122 | 842.3 | 696.5 | 599.6 | 566.3 | 562.4 | 474.4 | 419 | 385.8 | 350.8 | 60.5 | 63.3 | 48.6 | 32.4 | 23.1 | 16.3 | 15.3 | 11.7 | 11.1 | 10.7 | 8 | 7.4 | 6.4 |
| Stock-Based Compensation | 0 | 117.5 | 31.4 | 24.4 | 13.4 | 13.6 | 14 | 13.7 | 17.3 | 14.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (539) | 40.9 | (121.2) | 552.7 | 199.5 | 295.7 | (65.6) | (318.8) | (57.3) | (126.8) | 124.6 | 67.4 | 42.4 | 9.9 | 117.0 | 120.8 | (7.5) | (3.4) | 35.4 | (10.4) | 0.5 | 46.6 | 6 |
| Other Non-Cash Items | (147) | 10.9 | 415.9 | (693.7) | 153.9 | 13.5 | 45.9 | 191.3 | 192.6 | 96.4 | 48.6 | 2.9 | 23.9 | (15.8) | (57.4) | (58.1) | (28.5) | (3.5) | (24.6) | (10) | (7.2) | (5.7) | (6.7) |
| Operating Cash Flow | 1,930 | 2,582.9 | 2,031.7 | 1,390 | 1,704.1 | 1,752.5 | 1,119.2 | 765.1 | 854.2 | 622.1 | 188.8 | 277.2 | 229 | 149.7 | 130.3 | 136.2 | 63.7 | 56.4 | 65.6 | 33.6 | 41.5 | 77.8 | 31 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (145) | (141.9) | (193.6) | (182.7) | (128.6) | (99.3) | (138.8) | (124.4) | (129.2) | (217.8) | (22.8) | (29) | (25.3) | (45.4) | (24.3) | (14.6) | (16.6) | (14) | (11.3) | (10.1) | (9.4) | (7.4) | (7) |
| Acquisitions | (15,749) | (1,462.3) | (3,032) | (753.9) | (3,235.2) | (316.1) | (1,185.8) | (770.3) | (372.9) | (319.5) | (32.9) | (112.8) | (28.7) | (5.4) | (17.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (5) | 0 | 0 | (3.6) | (40.2) | (85.8) | (127.4) | 0 | 0 | (73.7) | 0 | 0 | 0 | (16.0) | (14.0) | (25.8) | (44) | (33.3) | (30.2) | (23.7) | (21.9) | (28.4) | (56.8) |
| Sales/Maturities of Investments | 2 | 0 | 0 | 1 | 40.2 | 85.8 | 127.4 | 0 | 0 | 0 | 0 | 0 | 0 | 13.8 | 23.4 | 23.2 | 41.3 | 50.3 | 32 | 30.7 | 22.3 | 32.7 | 51.5 |
| Other Investing Activities | 16 | 16.8 | (67.4) | (65.6) | (67.9) | (1.4) | (52) | (15.6) | (8.9) | 41.8 | 41.1 | 2.8 | 8.2 | 4.4 | (45.1) | (35.8) | (20.6) | (52.2) | (26.1) | (4.3) | 0.3 | 0.4 | (20.4) |
| Investing Cash Flow | (15,881) | (1,587.4) | (3,293) | (1,004.8) | (3,431.7) | (416.8) | (1,376.6) | (910.3) | (511) | (569.2) | (14.6) | (139) | (45.8) | (48.7) | (77.8) | (53.0) | (39.9) | (49.2) | (35.6) | (7.4) | (8.7) | (2.7) | (32.7) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (203) | 5,268 | 1,860.7 | (161.2) | 1,759 | (80.4) | 999.2 | 507.9 | 260.6 | 396.8 | (4.6) | 3.3 | (23.2) | (0.5) | 34.5 | (4.9) | 0 | (1.1) | 3.9 | 8.9 | (1.1) | (24.8) | 5.7 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (11.3) | (17.7) | (101) | (2.2) | (56.2) | (80.8) | (12) | (104.1) | (31.3) | (18.4) | (8.7) | (17.1) | (21.3) | (15.1) | (43.8) | (7) |
| Dividends Paid | (667) | (525.4) | (473.6) | (429.5) | (392) | (347.4) | (321.1) | (301.8) | (282.7) | (272.2) | (102.3) | (84.9) | (61.9) | (51) | (41.6) | (33.8) | (28) | (23.2) | (20) | (17.5) | (14.7) | (12.7) | (10.3) |
| Other Financing Activities | 1,089 | (196.7) | 1,366.6 | 680.2 | (229.6) | (189.2) | (140.9) | (114.7) | (68.4) | 10.3 | 0 | 0 | 0 | 0.5 | (13.0) | (13.3) | 2.7 | 1.6 | (0.1) | (8.1) | 0.4 | (1.4) | 0.4 |
| Financing Cash Flow | 1,718 | 13,052.7 | 2,873.9 | 212.6 | 2,684.1 | (505.1) | 638.4 | 162 | (47.8) | 33.9 | (81) | (107.2) | (142.2) | (47.0) | (97.0) | (55.5) | (27.7) | (17.7) | (19.9) | (28.1) | (23.5) | (78.9) | 2 |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (13,591.3) | 13,925.3 | 1,579.1 | 497.9 | 892 | 950.4 | 387.1 | (68.2) | 367.4 | 65.1 | 93.2 | 31 | 41 | 54.0 | (44.5) | 27.8 | (3.9) | (17.7) | (19.9) | (28.1) | (23.5) | (78.9) | 2 |
| Cash at Beginning | 14,987.3 | 6,543.3 | 4,964.2 | 4,466.3 | 3,574.3 | 2,623.9 | 2,236.8 | 2,305 | 1,937.6 | 480.4 | 224.6 | 193.6 | 152.6 | 98.5 | 141.8 | 72.2 | 65 | 72 | 57 | 58.8 | 44.2 | 43.5 | 46.5 |
| Cash at End | 1,396 | 20,468.6 | 6,543.3 | 4,964.2 | 4,466.3 | 3,574.3 | 2,623.9 | 2,236.8 | 2,305 | 545.5 | 317.8 | 224.6 | 193.6 | 152.5 | 97.3 | 99.9 | 61.1 | 54.3 | 37.1 | 30.7 | 20.7 | (35.4) | 48.5 |
| Free Cash Flow | 1,785 | 2,441 | 1,838.1 | 1,207.3 | 1,575.5 | 1,653.2 | 980.4 | 640.7 | 725 | 404.3 | 166 | 248.2 | 203.7 | 104.3 | 106.0 | 121.7 | 47.1 | 42.4 | 54.3 | 23.5 | 32.1 | 70.4 | 24 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 13,941.8 | 11,554.9 | 10,071.9 | 8,550.6 | 8,209.4 | 7,009.4 | 7,119.7 | 6,923.8 | 6,245.6 | 5,680.5 | 5,392.4 | 4,626.5 | 3,179.6 | 2,520.3 | 2,134.7 | 1,864.2 | 1,729.3 | 1,645 | 1,623.3 | 1,470.1 | 1,428.9 | 1,437 | 1,221.1 | 1,060.3 | 888 | 800.6 | 713.5 | 582.8 | 524.6 | 449.7 | 424 | 346.9 | 302.1 |
| Gross Profit | 7,633.3 | 4,878.3 | 4,245.3 | 3,597.4 | 2,975.7 | 2,509.1 | 2,288.8 | 1,939.9 | 1,726.3 | 1,602.6 | 1,612 | 1,400 | 1,057.3 | 915.3 | 776.6 | 682.7 | 660.6 | 1,263.8 | 1,186.3 | 1,053.8 | 955.5 | 1,169.1 | 969.3 | 829.9 | 690.5 | 568.5 | 492.7 | 397.9 | 268.6 | 303.3 | 292.6 | 241.8 | 204.8 |
| Operating Income | 2,548.9 | 2,282.1 | 1,859.1 | 1,666.9 | 1,337 | 1,040.2 | 745.9 | 617.2 | 511.4 | 475.5 | 437.1 | 398 | 342.8 | 291.7 | 242.4 | 235 | 243.7 | 192.2 | 216.1 | 163 | 155.5 | 246.8 | 200.8 | 195 | 152.3 | 133.7 | 127.0 | 66.1 | 85.6 | 42.9 | 46.4 | 45.5 | 37.5 |
| Net Income | 1,493.9 | 1,462.7 | 969.5 | 1,114.2 | 906.8 | 818.8 | 668.8 | 633.5 | 481.3 | 396.8 | 356.8 | 303.4 | 268.6 | 195 | 144.1 | 174.1 | 128.6 | 77.3 | 138.8 | 128.5 | 30.8 | 188.5 | 146.2 | 129.9 | 125.3 | 93.0 | 83.2 | 58.7 | 57.6 | 44.2 | 42.4 | 34.5 | 32.3 |
| EPS (Diluted) | 5.75 | 6.53 | 4.42 | 5.19 | 4.37 | 4.20 | 3.52 | 3.40 | 2.54 | 2.32 | 2.06 | 1.97 | 2.06 | 1.59 | 1.28 | 1.61 | 1.28 | 0.82 | 1.43 | 1.31 | 0.32 | 1.99 | 1.57 | 1.41 | 1.39 | 1.04 | 0.87 | 0.77 | 0.80 | 0.64 | 0.61 | 0.54 | 0.44 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 1,396 | 14,987.3 | 971.5 | 738.4 | 402.6 | 664.6 | 604.8 | 607.2 | 681.2 | 545.5 | 205.9 | 194.4 | 224.6 | 193.6 | 152.5 | 97.3 | 99.9 | 61.1 | 61.5 | 67.2 | 57 | 53.5 | 39.7 | 46.8 | |||||||||
| Total Assets | 70,665 | 64,255.2 | 51,615.8 | 38,358.4 | 33,345 | 22,331.4 | 19,634.8 | 16,334 | 12,897.4 | 11,489.6 | 3,250.3 | 3,271.3 | 3,237.9 | 2,901.6 | 2,463.6 | 1,471.8 | 1,062.3 | 884.1 | 746 | 641.8 | 590.4 | 495.6 | 451.1 | 463.5 | |||||||||
| Total Debt | 14,000 | 13,485.2 | 8,317.2 | 6,415.1 | 6,592.9 | 4,865.5 | 4,947.6 | 3,610.4 | 3,133 | 2,848.2 | 550 | 532 | 181.4 | 153 | 176.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.4 | 24.5 | |||||||||
| Stockholders' Equity | 23,321 | 20,153.5 | 10,775.3 | 9,143.6 | 8,508.4 | 6,186.2 | 5,155.5 | 4,498.9 | 4,105.2 | 3,596.6 | 892.9 | 738.5 | 761 | 619.1 | 528.2 | 371.6 | 314.4 | 242.5 | 202.5 | 163.9 | 134.5 | 118.1 | 96.7 | 121.4 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 1,930 | 2,582.9 | 2,031.7 | 1,390 | 1,704.1 | 1,752.5 | 1,119.2 | 765.1 | 854.2 | 622.1 | 188.8 | 277.2 | 229 | 149.7 | 130.3 | 136.2 | 63.7 | 56.4 | 65.6 | 33.6 | 41.5 | 77.8 | 31 | ||||||||||
| Capital Expenditure | (145) | (141.9) | (193.6) | (182.7) | (128.6) | (99.3) | (138.8) | (124.4) | (129.2) | (217.8) | (22.8) | (29) | (25.3) | (45.4) | (24.3) | (14.6) | (16.6) | (14) | (11.3) | (10.1) | (9.4) | (7.4) | (7) | ||||||||||
| Free Cash Flow | 1,785 | 2,441 | 1,838.1 | 1,207.3 | 1,575.5 | 1,653.2 | 980.4 | 640.7 | 725 | 404.3 | 166 | 248.2 | 203.7 | 104.3 | 106.0 | 121.7 | 47.1 | 42.4 | 54.3 | 23.5 | 32.1 | 70.4 | 24 | ||||||||||