AJG Arthur J. Gallagher & Co. Common Stock
NYSE · Insurance · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026AJG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Jan. 19, 2001 | 2-for-1 | Forward |
| March 16, 2000 | 2-for-1 | Forward |
| July 16, 1986 | 2-for-1 | Forward |
About Arthur J. Gallagher & Co. Common Stock Company overview from Wikipedia
Arthur J. Gallagher & Co. (Gallagher) is an American insurance brokerage and risk management services company based in Rolling Meadows, Illinois, a suburb of Chicago. The company provides insurance brokerage services (87% of 2025 revenues) and risk management services (13% of 2025 revenues), the latter of which primarily includes the processing of workers compensation and automobile insurance claims through the company's adjusters.
The company is ranked 367th on the Fortune 500 and 192nd on the Forbes Global 2000.
Founded in 1927, the company ranks among the world's largest insurance brokers.
History
Early years
The company that would become Gallagher was established in 1927 as an insurance agency by Arthur Gallagher in Chicago.
In 1938, Gallagher contributed to the development of The Hartford Group’s Retrospective Rating Program, a plan designed to provide financial incentives to policyholders who maintained lower loss records. He also authored what is noted as Chicago’s first large-deductible fire insurance policy, issued to Bowman Dairy Co. At the time, both initiatives were regarded as innovative within the insurance industry.
After World War II, in 1945, Arthur Gallagher’s three sons—Jim, Bob, and John—joined the business.
In 1950, the company was formally incorporated, and each of the three sons was granted an equity stake in the firm.
1980s-present
During the 1980s and 1990s, the company faced significant competitive pressures within the crowded domestic insurance market in the United States.
From 1990 through 2000, the company reported double-digit growth in all but three years, indicating a period of substantial expansion.
In 2000, Gallagher acquired 16 smaller insurance brokerages, which expanded its presence across the United States, eventually leading to operations in all 50 states.
The company began international expansion in 2002 with entry into India and Asia.
In February 2010, Gallagher acquired Securitas Re, a reinsurance brokerage firm based in São Paulo, Brazil, from Estater Gestão de Investimentos Ltda.
In March 2010, Gallagher announced an agreement to acquire substantially all of the insurance brokerage operations of FirstCity Partnership, a London-based firm.
In 2011, Gallagher established operations in Singapore.
In December 2013, Gallagher acquired Bergvall Marine, an insurance brokerage firm based in Oslo, Norway.
The company expanded to Australia in 2014.
In December 2014, Gallagher announced the expansion of its brand presence in Australia through the rebranding of OAMPS Insurance Brokers, following its acquisition of the firm in June of the same year.
In November 2015, Gallagher announced the acquisition of insurance brokers Christie Phoenix (Victoria) and its affiliate Discovery Insurance Services, both based in Victoria, British Columbia.
In December 2015, Gallagher, through its New Zealand subsidiary Crombie Lockwood, acquired Reid Manson, an insurance brokerage based in the central region of the South Island.
In June 2016, Gallagher announced that several Canadian brokerages operating under the Noraxis group would rebrand to Gallagher.
In July 2016, Gallagher acquired an 85% stake in Brim AB, a Stockholm-based specialty insurance and reinsurance brokerage firm.
In August 2017, Gallagher acquired Ballard Benefit Works, a Michigan-based employee benefits brokerage.
In February 2020, Gallagher acquired Affiliated Benefit Consultants, a benefits consulting firm headquartered in Oak Brook, Illinois.
In September 2020, Gallagher reported a ransomware incident affecting certain internal systems. In response to the security event, the company implemented precautionary measures including taking all global systems offline, initiating response protocols, launching an investigation, engaging external cybersecurity professionals, and activating business continuity plans to minimize disruption to customers. By September 28, 2020, the company indicated that it had restarted or was in the process of restarting most of its business systems.
In July 2022, Gallagher acquired Four Corners Group, an executive search firm based in Toronto, Canada.
In December 2022, Gallagher announced the acquisition of Interbrok Group, a retail insurance brokerage firm based in São Paulo, Brazil.
In April 2023, Gallagher acquired BCHR Holdings, operating as Buck, an organization specializing in human resources, pension, and employee benefits consulting services, for $660 million.
In September 2023, Gallagher acquired Eastern Insurance Group, a Massachusetts-based insurance provider that operates as a subsidiary of Eastern Bank.
Also in September 2023, Gallagher announced the acquisition of Lifesure Group Limited, a United Kingdom-based personal lines insurance broking service.
In October 2023, Gallagher acquired Cadence Bank's insurance brokerage unit for $904 million.
In January 2024, Gallagher acquired Köberich Financial Lines, an insurance broker based in Cologne.
In October 2025, Gallagher acquired Meadowbrook Insurance Agency, a retail insurance broker headquartered in Southfield, Michigan.
In August 2025, Gallagher acquired AssuredPartners, a U.S. insurance broker, for $13.45 billion ($12.45 billion net of tax benefits) in the largest sale of a U.S. insurance broker to a strategic acquirer in industry history.
In February 2026, Gallagher Bassett acquired Reck & Co GmbH, a specialist provider of global transport and marine claims services based in Bremen. Reck & Co offers surveying, claim handling, recovery, and loss prevention services.
In February 2026, Gallagher acquired Krose GmbH & Co KG, a commercial insurance and reinsurance broker based in Bremen.
In media
Robert E. Gallagher and Alison Kittrell, The Gallagher Way, released jointly by Marketing Counsel and iUniverse in 2005.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AJG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 37.5 | · | 29.4 | Pricier | |
| P/S (TTM) | 3.7 | · | 3.0 | Overvalued | |
| P/B (MRQ) | 2.4 | · | 2.5 | Fair value | |
| Price / Cash Flow | 30.1 | · | 18.6 | Overvalued | |
| Price / Tangible Book (MRQ) | 4.3 | · | · | · | |
| PEG Ratio | ≈5.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | AJG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | 8.1% | · | 19.7% | Weak | |
| Pretax Margin (TTM) | 12.6% | · | 14.3% | Weak | |
| Net Profit Margin (TTM) | 10.0% | · | 8.5% | In line | |
| ROA (TTM) | 1.9% | · | 4.3% | Weak | |
| ROE (TTM) | 6.7% | · | 7.8% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | AJG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.6 | · | 0.6 | In line | |
| Current Ratio (MRQ) | 1.1 | · | 1.1 | Low liquidity | |
| Quick Ratio | 0.2 | · | 0.4 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.5 | · | 0.7 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | AJG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 20.7% | · | · | · | |
| Revenue CAGR 3Y | 17.7% | · | · | · | |
| Revenue CAGR 5Y | 14.8% | · | · | · | |
| EPS YoY | -11.7% | · | · | · | |
| Net Income YoY | 2.1% | · | · | · | |
| EPS CAGR 3Y | 3.4% | · | · | · | |
| EPS CAGR 5Y | 6.5% | · | · | · | |
| Net Income CAGR 3Y | 10.3% | · | · | · | |
| Net Income CAGR 5Y | 12.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | AJG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.2 | · | 0.4 | Weak | |
| Receivables Turnover | 3.1 | · | 9.3 | Weak | |
| Revenue / Employee | ≈$206.7K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 8, 2026 | $0.70 | USD | ≈1.1% |
| Jun 5, 2026 | $0.70 | USD | ≈1.2% |
| Mar 6, 2026 | $0.70 | USD | ≈1.2% |
| Dec 5, 2025 | $0.65 | USD | ≈1.1% |
| Sep 5, 2025 | $0.65 | USD | ≈0.85% |
| Jun 6, 2025 | $0.65 | USD | ≈0.76% |
| Mar 7, 2025 | $0.65 | USD | ≈0.76% |
| Dec 6, 2024 | $0.60 | USD | ≈0.81% |
| Sep 6, 2024 | $0.60 | USD | ≈0.80% |
| Jun 7, 2024 | $0.60 | USD | ≈0.91% |
| Feb 29, 2024 | $0.60 | USD | ≈0.92% |
| Nov 30, 2023 | $0.55 | USD | ≈0.88% |
| Aug 31, 2023 | $0.55 | USD | ≈0.94% |
| Jun 1, 2023 | $0.55 | USD | ≈1.0% |
| Mar 2, 2023 | $0.55 | USD | ≈1.1% |
| Dec 1, 2022 | $0.51 | USD | ≈1.0% |
| Sep 1, 2022 | $0.51 | USD | ≈1.1% |
| Jun 2, 2022 | $0.51 | USD | ≈1.2% |
| Mar 3, 2022 | $0.51 | USD | ≈1.2% |
| Dec 2, 2021 | $0.48 | USD | ≈1.2% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $2.84 | $2.84 | -0.01% |
| March 31, 2026 | $4.47 | $4.47 | -0.04% | |
| Dec. 31, 2025 | $2.38 | $2.37 | 0.31% | |
| Sept. 30, 2025 | $2.32 | $2.57 | -9.7% | |
| June 30, 2025 | $2.33 | $2.39 | -2.6% | |
| March 31, 2025 | $3.67 | $3.62 | 1.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.94B | $11.55B | $10.07B | $8.55B | $8.21B | $7.00B | $7.20B | $6.93B | $6.16B | $5.59B | $5.39B | $4.63B | |
| Cost of Revenue | · | · | · | $23M | $1.17B | $882M | $1.35B | $1.82B | $1.64B | $1.41B | · | $1.06B | |
| Operating Expenses | $2.26B | $1.75B | $1.69B | $1.33B | $1.07B | $906M | $1.07B | $904M | $829M | $776M | $841M | $743M | |
| Interest Expense | $639M | $381M | $297M | $257M | $226M | $196M | $180M | $138M | $124M | $110M | $103M | $89M | |
| Pretax Income | $1.87B | $1.88B | $1.19B | $1.33B | $975M | $871M | $626M | $479M | $360M | $334M | $294M | $292M | |
| Income Tax | $368M | $404M | $219M | $211M | $20M | $13M | $-90M | $-196M | $-157M | $-97M | $-96M | $-36M | |
| Net Income | $1.49B | $1.46B | $970M | $1.11B | $907M | $819M | $669M | $634M | $481M | $397M | $357M | $303M | |
| EPS (Basic) | $5.83 | $6.63 | $4.51 | $5.30 | $4.47 | $4.29 | $3.60 | $3.47 | $2.67 | $2.23 | $2.07 | $1.98 | |
| EPS (Diluted) | $5.74 | $6.50 | $4.42 | $5.19 | $4.37 | $4.20 | $3.52 | $3.40 | $2.64 | $2.22 | $2.06 | $1.97 | |
| Shares (Basic) | 256,100,000 | 220,500,000 | 214,900,000 | 210,300,000 | 202,700,000 | 191,000,000 | 186,000,000 | 182,700,000 | 180,100,000 | 177,600,000 | 172,200,000 | 152,900,000 | |
| EBITDA | $1.12B | $842M | $696M | $600M | $566M | $562M | $474M | $419M | $386M | $351M | $334M | $259M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | $738M | $403M | $665M | $605M | $607M | $681M | $546M | $480M | $314M | |
| Receivables | $5.17B | $3.90B | $3.79B | $2.91B | · | · | · | · | · | · | · | · | |
| Prepaid Expense | · | · | · | $197M | $172M | $112M | $116M | $108M | $92M | $78M | $78M | $72M | |
| Other Current Assets | $886M | $518M | $450M | $399M | $1.45B | $1.11B | $1.07B | $1.02B | $882M | $634M | $587M | $667M | |
| Current Assets | $34.36B | $44.11B | $32.12B | $22.29B | $17.67B | $11.12B | $9.12B | $8.12B | $7.27B | $4.42B | $4.21B | $3.81B | |
| PP&E (Net) | $789M | $650M | $726M | $576M | $501M | $451M | $467M | $437M | $412M | $378M | $249M | $195M | |
| PP&E (Gross) | $2.27B | $1.81B | $1.75B | $1.46B | $1.31B | $1.18B | $1.06B | $942M | $881M | $789M | $648M | $549M | |
| Accum. Depreciation | $1.48B | $1.16B | $1.02B | $886M | $808M | $729M | $592M | $505M | $468M | $412M | $399M | $353M | |
| Goodwill | $22.59B | $12.27B | $11.48B | $9.49B | $8.67B | $6.13B | $5.62B | $4.63B | $4.16B | $3.75B | $3.66B | $3.45B | |
| Intangibles | $10.68B | $4.53B | $4.63B | $3.37B | $3.95B | $2.40B | $2.32B | $1.77B | $1.64B | $1.63B | $1.70B | $1.78B | |
| Other Non-current Assets | $1.60B | $1.35B | $1.13B | $990M | $966M | $770M | $774M | $574M | $567M | $504M | $443M | $385M | |
| Total Assets | $70.67B | $64.25B | $51.62B | $38.36B | $33.24B | $22.33B | $19.63B | $16.33B | $14.91B | $13.53B | $10.91B | $10.01B | |
| Short-term Debt | $640M | $200M | $670M | $310M | $245M | $75M | $620M | $365M | $290M | $578M | $245M | $140M | |
| Current Liabilities | $32.52B | $29.26B | $31.06B | $21.34B | $16.73B | $10.13B | $8.92B | $7.69B | $6.73B | $4.61B | $4.19B | $3.64B | |
| Capital Leases | $515M | $328M | $352M | $300M | $309M | $321M | $341M | · | · | · | · | · | |
| Other Non-current Liabilities | $2.02B | $1.69B | $2.32B | $1.90B | $1.87B | $1.31B | $1.27B | $901M | $1.11B | $1.08B | $964M | $937M | |
| Total Liabilities | $47.32B | $44.08B | $40.80B | $29.17B | $24.78B | $16.10B | $14.42B | $11.76B | $10.61B | $7.83B | $7.22B | $6.70B | |
| Long-term Debt | $12.87B | $23M | $24M | $17M | $23M | $20M | $18M | $20M | $20M | $27M | $63M | $46M | |
| Total Debt | $12.74B | $12.93B | $7.68B | $5.87B | $6.06B | $4.34B | $4.44B | $3.46B | $2.98B | $2.72B | $2.32B | $2.27B | |
| Common Stock | $257M | $250M | $217M | $212M | $208M | $194M | $188M | $184M | $181M | $178M | $177M | $165M | |
| Retained Earnings | $5.81B | $4.99B | $4.05B | $3.56B | $2.88B | $2.37B | $1.90B | $1.56B | $1.22B | $916M | $774M | $676M | |
| AOCI | $-525M | $-1.15B | $-792M | $-1.14B | $-726M | $-644M | $-760M | $-786M | $-555M | $-764M | $-522M | $-261M | |
| Stockholders' Equity | $23.32B | $20.15B | $10.78B | $9.14B | $8.51B | $6.19B | $5.16B | $4.50B | $4.24B | $3.60B | $3.64B | $3.23B | |
| Liabilities + Equity | $70.67B | $64.25B | $51.62B | $38.36B | $33.34B | $22.33B | $19.63B | $16.33B | $14.91B | $11.49B | $10.91B | $10.01B | |
| Shares Outstanding | 257,000,000 | 250,000,000 | 216,700,000 | 211,900,000 | 208,500,000 | 193,700,000 | 188,100,000 | 184,000,000 | 181,000,000 | 178,300,000 | 176,900,000 | 164,600,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.12B | $843M | $697M | $600M | $566M | $562M | $474M | $419M | $386M | $351M | $334M | $259M | |
| Stock-based Comp | $49M | $42M | $31M | $24M | $13M | $14M | $14M | $14M | $17M | $15M | $11M | $11M | |
| Deferred Tax | $61M | $109M | $43M | $-209M | $-184M | $-162M | $-171M | · | · | · | · | · | |
| Other Non-cash | $-796M | $127M | $291M | $596M | $402M | $358M | $-38M | $-301M | $-12M | $-158M | $-50M | $-171M | |
| Operating Cash Flow | $1.93B | $2.58B | $2.03B | $1.39B | $1.39B | $1.81B | $1.19B | $765M | $854M | $650M | $686M | $437M | |
| CapEx | · | · | · | · | · | · | · | · | · | $218M | $99M | $82M | |
| Investing Cash Flow | $-15.88B | $-1.59B | $-3.29B | $-1.00B | $-3.43B | $-471M | $-1.45B | $-910M | $-511M | $-485M | · | · | |
| Debt Issued | · | · | · | · | $1.68B | $425M | $725M | $400M | $348M | $326M | · | $1.30B | |
| Net Debt Issued | · | · | · | · | $1.68B | $425M | $725M | $400M | $348M | $326M | · | $1.20B | |
| Stock Issued | $1.50B | $8.51B | $120M | $123M | $1.55B | $112M | $101M | $82M | $60M | $46M | $203M | $997M | |
| Stock Repurchased | · | · | · | · | · | · | · | $11M | $18M | $101M | · | · | |
| Net Stock Activity | $1.50B | $8.51B | $120M | $123M | $1.55B | $112M | $101M | $71M | $43M | $-55M | $203M | $997M | |
| Dividends Paid | $667M | $525M | $474M | $430M | $392M | $347M | $321M | $302M | $283M | $272M | $258M | $223M | |
| Financing Cash Flow | $1.71B | $13.05B | $2.87B | $213M | $3.00B | $-505M | $638M | $162M | $-48M | $-12M | · | · | |
| Net Change in Cash | $-11.93B | $13.93B | $1.58B | $498M | $892M | $950M | $387M | $-68M | $367M | $45M | $210M | $16M | |
| Taxes Paid | $341M | $331M | $226M | $318M | $325M | $113M | $22M | $68M | $56M | $66M | · | · | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | $404M | $554M | $321M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $267M | $417M | $220M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 10.7% | 12.7% | 9.6% | 13.0% | 11.1% | 11.7% | · | · | 7.5% | 7.4% | 6.6% | 6.6% | |
| Pretax Margin | 13.4% | 16.2% | 11.8% | 15.5% | 11.9% | 12.4% | · | · | 6.1% | 6.4% | 5.4% | 5.8% | |
| EBITDA Margin | 8.1% | 7.3% | 6.9% | 7.0% | 6.9% | 8.0% | · | · | 6.3% | 6.3% | 6.2% | 5.6% | |
| ROA | 2.2% | 2.4% | 1.8% | 2.9% | 3.0% | 3.7% | 3.5% | 3.9% | 3.5% | 3.7% | 3.4% | 3.6% | |
| ROE | 6.9% | 9.5% | 9.7% | 12.6% | 12.3% | 14.4% | 13.9% | 14.5% | 12.0% | 11.5% | 10.4% | 11.4% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.5 | 1.0 | 1.0 | 1.1 | 1.1 | 1.0 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | |
| Quick Ratio | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| Debt / Equity | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 | 0.7 | 0.9 | 0.8 | 0.7 | 0.8 | 0.6 | 0.7 | |
| LT Debt / Equity | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | · | · | 0.5 | 0.5 | 0.5 | 0.5 | |
| Receivables Turnover | 3.1 | 3.0 | 3.0 | · | · | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $90.74 | $80.61 | $49.72 | $43.15 | $40.81 | $31.94 | $27.41 | $24.45 | $22.68 | $20.17 | $20.57 | $19.62 | |
| Cash / Share | · | · | · | $1.62 | $1.93 | $3.43 | $3.22 | $3.30 | $3.76 | $3.06 | $2.72 | $1.91 | |
| Dividend / Share | $2.60 | $2.40 | $2.20 | $2.04 | $1.92 | $1.80 | $1.72 | $1.64 | $1.56 | $1.52 | $1.48 | $1.44 | |
| EPS (TTM) | $5.74 | $6.50 | $4.42 | $5.19 | $4.37 | $4.20 | $3.52 | $3.40 | $2.64 | $2.22 | $2.06 | $1.97 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 20.7% | 14.7% | 17.8% | 4.2% | 17.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 17.7% | 12.1% | 12.9% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 14.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -11.7% | 47.1% | -14.8% | 18.8% | 4.0% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 3.4% | 14.1% | 1.7% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 6.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 2.1% | 50.8% | -12.9% | 22.9% | 10.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 10.3% | 17.3% | 5.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 12.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 13.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $13.94B | $11.55B | $10.07B | $8.55B | $8.21B | $7.00B | $7.20B | $6.93B | $6.16B | $5.59B | $5.39B | $4.63B | |
| Net Income TTM | $1.49B | $1.46B | $970M | $1.11B | $907M | $819M | $669M | $634M | $481M | $397M | $357M | $303M | |
| Market Cap | $66.51B | $70.96B | $48.73B | $39.95B | $35.38B | $23.96B | $17.91B | $13.56B | $11.45B | $9.26B | $7.24B | $7.75B | |
| Enterprise Value | · | · | · | $45.48B | $41.03B | $27.64B | $21.74B | $16.41B | $13.75B | $11.44B | $9.08B | $9.70B | |
| P/E | 45.1 | 43.7 | 50.9 | 36.3 | 38.8 | 29.5 | 27.1 | 21.7 | 24.0 | 23.4 | 19.9 | 23.9 | |
| P/S | 4.8 | 6.1 | 4.8 | 4.7 | 4.3 | 3.4 | 2.5 | 2.0 | 1.9 | 1.7 | 1.3 | 1.7 | |
| P/B | 2.9 | 3.5 | 4.5 | 4.4 | 4.2 | 3.9 | 3.5 | 3.0 | 2.8 | 2.6 | 2.0 | 2.4 | |
| P / Tangible Book | · | 21.2 | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 34.5 | 27.5 | 24.0 | 18.8 | 20.8 | 13.7 | 16.0 | 17.7 | 13.4 | 14.9 | 11.1 | 19.3 | |
| P / FCF | · | · | · | · | · | · | · | · | · | 22.9 | 13.1 | 24.2 | |
| EV / EBITDA | · | · | · | 75.9 | 72.5 | 49.1 | 45.8 | 39.2 | 35.7 | 32.6 | 27.2 | 37.5 | |
| EV / FCF | · | · | · | · | · | · | · | · | · | 28.3 | 16.4 | 30.2 | |
| EV / Revenue | · | · | · | 5.3 | 5.0 | 3.9 | 3.0 | 2.4 | 2.2 | 2.0 | 1.7 | 2.1 | |
| Dividend Yield | 1.0% | 0.74% | 0.97% | 1.1% | 1.1% | 1.5% | 1.8% | 2.2% | 2.5% | 2.9% | 3.6% | 2.9% | |
| Earnings Yield | 2.2% | 2.3% | 2.0% | 2.8% | 2.6% | 3.4% | 3.7% | 4.6% | 4.2% | 4.3% | 5.0% | 4.2% | |
| Payout Ratio | 44.6% | 35.9% | 48.9% | 38.6% | 43.2% | 42.4% | 48.0% | 47.6% | 61.1% | 65.7% | 72.2% | 73.5% | |
| Annual Payout | $667M | $525M | $474M | $430M | $392M | $347M | $321M | $302M | $283M | $272M | $258M | $223M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.00B | $4.76B | $3.63B | $3.37B | $3.22B | $3.73B | $2.72B | $2.81B | $2.78B | $3.26B | $2.43B | $2.49B | $2.44B | $2.71B | $2.03B | $2.04B | |
| Cost of Revenue | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | |
| Operating Expenses | $679M | $643M | $668M | $581M | $519M | $490M | $439M | $454M | $426M | $436M | $450M | $423M | $434M | $382M | $368M | $322M | |
| Interest Expense | $168M | $158M | $161M | $161M | $158M | $158M | $102M | $93M | $94M | $92M | $78M | $73M | $78M | $68M | $64M | $64M | |
| Pretax Income | $414M | $1.04B | $180M | $347M | $473M | $873M | $333M | $403M | $366M | $773M | $-82M | $364M | $297M | $606M | $122M | $315M | |
| Income Tax | $90M | $220M | $26M | $73M | $105M | $164M | $75M | $89M | $80M | $160M | $-43M | $81M | $62M | $119M | $-14M | $59M | |
| Net Income | $324M | $822M | $151M | $273M | $368M | $704M | $259M | $313M | $283M | $608M | $-32M | $281M | $234M | $486M | $136M | $256M | |
| EPS (Basic) | $1.26 | $3.20 | $0.58 | $1.06 | $1.43 | $2.76 | $1.10 | $1.43 | $1.30 | $2.80 | $-0.17 | $1.30 | $1.09 | $2.29 | $0.64 | $1.21 | |
| EPS (Diluted) | $1.25 | $3.16 | $0.58 | $1.04 | $1.40 | $2.72 | $1.10 | $1.39 | $1.27 | $2.74 | $-0.17 | $1.28 | $1.07 | $2.24 | $0.62 | $1.19 | |
| Shares (Basic) | 256,700,000 | 257,100,000 | · | 256,600,000 | 256,200,000 | 254,800,000 | · | 219,300,000 | 218,800,000 | 217,500,000 | · | 215,700,000 | 214,900,000 | 212,800,000 | · | 210,700,000 | |
| EBITDA | · | $339M | · | · | · | $253M | · | · | · | $208M | · | · | · | $159M | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | · | · | · | $858M | $778M | $1.35B | · | $554M | |
| Receivables | $6.08B | $5.96B | $5.17B | $5.43B | $4.74B | $4.52B | $3.90B | $3.99B | $4.18B | $4.15B | · | $3.77B | $3.72B | $3.53B | · | · | |
| Prepaid Expense | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $174M | |
| Other Current Assets | $807M | $773M | $886M | $711M | $505M | $458M | $518M | $435M | $403M | $412M | · | $436M | $418M | $298M | · | $1.56B | |
| Current Assets | $45.45B | $42.02B | $34.36B | $43.01B | $57.84B | $53.44B | $44.11B | $37.28B | $43.31B | $41.48B | · | $35.94B | $36.85B | $28.78B | · | $23.80B | |
| PP&E (Net) | $765M | $762M | $789M | $803M | $691M | $647M | $650M | $660M | $655M | $705M | · | $649M | $640M | $581M | · | $561M | |
| PP&E (Gross) | · | · | $2.27B | · | · | · | $1.81B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $1.48B | · | · | · | $1.16B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $23.03B | $22.96B | $22.59B | $22.21B | $13.74B | $12.71B | $12.27B | $12.19B | $11.92B | $11.53B | $11.48B | $10.47B | $10.51B | $9.70B | $9.49B | $8.84B | |
| Intangibles | $10.21B | $10.37B | $10.68B | $10.75B | $5.13B | $4.53B | $4.53B | $4.35B | $4.39B | $4.62B | $4.63B | $3.58B | $3.72B | $3.40B | $3.37B | $3.05B | |
| Other Non-current Assets | $1.73B | $1.57B | $1.60B | $1.63B | $1.57B | $1.49B | $1.35B | $1.36B | $1.31B | $1.20B | · | $1.09B | $1.11B | $1.03B | · | $934M | |
| Total Assets | $81.81B | $78.30B | $70.67B | $79.07B | $80.12B | $74.10B | $64.25B | $57.24B | $63.01B | $60.98B | $51.62B | $53.20B | $54.37B | $45.09B | $38.36B | $38.67B | |
| Short-term Debt | $1.52B | $640M | $640M | $770M | $640M | $515M | $200M | $200M | $280M | $108M | · | $425M | $920M | $675M | · | $440M | |
| Current Liabilities | $43.17B | $39.53B | $32.52B | $40.76B | $42.54B | $37.04B | $29.26B | $35.20B | $41.61B | $39.64B | · | $34.47B | $35.59B | $27.10B | · | $22.46B | |
| Capital Leases | $497M | $499M | $515M | $577M | $402M | $326M | $328M | $326M | $335M | $338M | · | $322M | $332M | $311M | · | $302M | |
| Other Non-current Liabilities | $2.26B | $2.22B | $2.02B | $2.27B | $1.96B | $1.89B | $1.69B | $1.65B | $1.61B | $1.60B | · | $1.81B | $1.92B | $1.74B | · | $1.66B | |
| Total Liabilities | $58.06B | $54.50B | $47.32B | $55.83B | $57.07B | $51.74B | $44.08B | $45.03B | $51.41B | $49.63B | · | $42.69B | $43.93B | $35.24B | · | $30.04B | |
| Long-term Debt | · | · | $12.87B | · | · | · | · | · | · | · | · | · | · | · | · | $9M | |
| Total Debt | $13.47B | $12.72B | · | $12.87B | $12.74B | $12.93B | · | $7.99B | $8.07B | $8.10B | · | $6.45B | $6.94B | $6.70B | · | $6.00B | |
| Common Stock | $256M | $257M | $257M | $257M | $256M | $256M | $250M | $219M | $219M | $218M | · | $216M | $216M | $214M | · | $211M | |
| Retained Earnings | $6.59B | $6.45B | $5.81B | $5.82B | $5.72B | $5.52B | $4.99B | $4.86B | $4.68B | $4.53B | · | $4.21B | $4.05B | $3.93B | · | $3.54B | |
| AOCI | $-694M | $-566M | $-525M | $-581M | $-500M | $-934M | $-1.15B | $-593M | $-939M | $-949M | · | $-1.06B | $-883M | $-1.10B | · | $-1.48B | |
| Stockholders' Equity | $23.72B | $23.77B | $23.32B | $23.21B | $23.02B | $22.32B | $20.15B | $12.18B | $11.57B | $11.30B | · | $10.46B | $10.40B | $9.82B | · | $8.57B | |
| Liabilities + Equity | $81.81B | $78.30B | $70.67B | $79.07B | $80.12B | $74.10B | $64.25B | $57.24B | $63.01B | $60.98B | · | $53.20B | $54.37B | $45.09B | · | $38.67B | |
| Shares Outstanding | 256,300,000 | 256,900,000 | 257,000,000 | 256,800,000 | 256,400,000 | 256,100,000 | 250,000,000 | 219,400,000 | 219,100,000 | 218,500,000 | · | 215,900,000 | 215,500,000 | 214,200,000 | · | 210,800,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $358M | $339M | $362M | $276M | $231M | $255M | $214M | $210M | $212M | $208M | $190M | $172M | $176M | $159M | $154M | $146M | |
| Stock-based Comp | $24M | $17M | $12M | $12M | $12M | $14M | $10M | $11M | $10M | $11M | $10M | $9M | $8M | $4M | $7M | $8M | |
| Deferred Tax | $-11M | $97M | $7M | $27M | $-29M | $56M | $106M | $-3M | $-50M | $56M | $34M | $9M | $-33M | $32M | $-188M | $-11M | |
| Other Non-cash | · | $-318M | · | · | · | $-156M | · | · | · | $-94M | · | · | · | $-253M | · | · | |
| Operating Cash Flow | $10M | $957M | $753M | $731M | $-426M | $872M | $739M | $935M | $120M | $789M | $694M | $897M | $12M | $428M | $608M | $14M | |
| Investing Cash Flow | $-353M | $-238M | $-472M | $-13.78B | $-1.35B | $-275M | $-857M | $-230M | $-308M | $-192M | $-1.90B | $-327M | $-808M | $-257M | $-443M | $-192M | |
| Stock Issued | $36M | $55M | $18M | $103M | $44M | $1.33B | $8.37B | $44M | $42M | $52M | $20M | $34M | $36M | $30M | $21M | $33M | |
| Stock Repurchased | $170M | $310M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $-255M | · | · | · | $1.33B | · | · | · | $52M | · | · | · | $30M | · | · | |
| Dividends Paid | $179M | $180M | $168M | $167M | $167M | $166M | $131M | $132M | $131M | $131M | $120M | $119M | $118M | $117M | $108M | $108M | |
| Financing Cash Flow | $1.25B | $-723M | $-173M | $569M | $210M | $1.11B | $12.50B | $612M | $-54M | $-5M | $982M | $-668M | $1.60B | $958M | $-661M | $874M | |
| Net Change in Cash | $851M | $-56M | $198M | $-12.47B | $-1.43B | $1.77B | $12.17B | $1.46B | $-243M | $538M | $-242M | $-157M | $851M | $1.13B | $-313M | $487M | |
| Taxes Paid | $145M | $72M | $46M | $89M | $139M | $67M | $74M | $89M | $96M | $72M | $60M | $49M | $63M | $54M | $114M | $62M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 8.1% | 17.3% | · | 8.1% | 11.4% | 18.9% | · | 11.1% | 10.2% | 18.7% | · | 11.3% | 9.6% | 18.0% | · | 12.5% | |
| Pretax Margin | 10.3% | 21.9% | · | 10.3% | 14.6% | 23.4% | · | 14.4% | 13.2% | 23.7% | · | 14.6% | 12.2% | 22.4% | · | 15.4% | |
| EBITDA Margin | · | 7.1% | · | · | · | 6.8% | · | · | · | 6.4% | · | · | · | 5.9% | · | · | |
| ROA | 0.40% | 1.1% | · | 0.40% | 0.51% | 1.0% | · | 0.57% | 0.48% | 1.1% | · | 0.61% | 0.50% | 1.1% | · | 0.78% | |
| ROE | 1.4% | 3.6% | · | 1.5% | 2.1% | 4.2% | · | 2.8% | 2.6% | 5.8% | · | 2.9% | 2.4% | 5.2% | · | 3.0% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.1 | · | 1.1 | 1.4 | 1.4 | · | 1.1 | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.1 | · | 1.1 | |
| Quick Ratio | 0.1 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.2 | · | 0.0 | |
| Debt / Equity | 0.6 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.7 | 0.7 | · | 0.7 | |
| LT Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.6 | · | 0.6 | 0.7 | 0.7 | · | 0.6 | 0.6 | 0.6 | · | 0.6 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.1 | · | 0.0 | 0.0 | 0.1 | · | 0.1 | 0.0 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 0.7 | 0.9 | · | 0.7 | 0.7 | 0.9 | · | 0.7 | 0.7 | 0.8 | · | 1.3 | 1.3 | 1.5 | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $92.54 | $92.55 | · | $90.37 | $89.79 | $87.15 | · | $55.53 | $52.82 | $51.72 | · | $48.46 | $48.24 | $45.83 | · | $40.67 | |
| Cash / Share | · | · | · | · | · | · | · | · | · | · | · | $3.97 | $3.61 | $6.28 | · | $2.63 | |
| Dividend / Share | $0.70 | $0.70 | $0.65 | $0.65 | $0.65 | $0.65 | $0.60 | $0.60 | $0.60 | $0.60 | $0.55 | $0.55 | $0.55 | $0.55 | $0.51 | $0.51 | |
| EPS (TTM) | $6.03 | $6.18 | · | $6.26 | $6.61 | $6.48 | · | $5.23 | $5.12 | $4.92 | · | $5.21 | $5.12 | $5.38 | · | $5.04 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $15.75B | $14.97B | · | $13.03B | $12.47B | $12.03B | · | $11.27B | $10.96B | $10.62B | · | $9.67B | $9.22B | $8.82B | · | $8.49B | |
| Net Income TTM | $1.57B | $1.61B | · | $1.60B | $1.64B | $1.56B | · | $1.17B | $1.14B | $1.09B | · | $1.14B | $1.11B | $1.16B | · | $1.09B | |
| Market Cap | $58.84B | $55.64B | · | $79.54B | $82.08B | $88.42B | · | $61.73B | $56.81B | $54.63B | · | $49.21B | $47.32B | $40.98B | · | $36.09B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | $54.80B | $53.48B | $46.33B | · | $41.54B | |
| P/E | 38.1 | 35.0 | · | 49.5 | 48.4 | 53.3 | · | 53.8 | 50.6 | 50.8 | · | 43.7 | 42.9 | 35.6 | · | 34.0 | |
| P/S | 3.7 | 3.7 | · | 6.1 | 6.6 | 7.4 | · | 5.5 | 5.2 | 5.1 | · | 5.1 | 5.1 | 4.6 | · | 4.2 | |
| P/B | 2.5 | 2.3 | · | 3.4 | 3.6 | 4.0 | · | 5.1 | 4.9 | 4.8 | · | 4.7 | 4.6 | 4.2 | · | 4.2 | |
| P / Tangible Book | · | · | · | · | 19.8 | 17.4 | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | 58.1 | · | · | · | 101.4 | · | · | · | 69.2 | · | · | · | 95.6 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | 5.7 | 5.8 | 5.3 | · | 4.9 | |
| Dividend Yield | 1.2% | 1.2% | · | 0.79% | 0.73% | 0.63% | · | 0.83% | 0.88% | 0.89% | · | 0.94% | 0.95% | 1.1% | · | 1.2% | |
| Earnings Yield | 2.6% | 2.9% | · | 2.0% | 2.1% | 1.9% | · | 1.9% | 2.0% | 2.0% | · | 2.3% | 2.3% | 2.8% | · | 2.9% | |
| Payout Ratio | · | 21.9% | · | · | · | 23.6% | · | · | · | 21.5% | · | · | · | 24.1% | · | · | |
| Annual Payout | $693M | $681M | · | $631M | $596M | $560M | · | $513M | $500M | $487M | · | $462M | $451M | $440M | · | $421M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenue | $13.94B | · | · | $11.55B | · |
| Net Income | $1.49B | · | · | $1.46B | · |
| Diluted EPS | $5.74 | · | · | $6.50 | · |
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | · | · | 0.6 | · |
| Current Ratio | 1.1 | · | · | 1.5 | · |
| Quick Ratio | 0.2 | · | · | 0.1 | · |
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 1,391 filers · $62.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 154 (-22 vs prior Q) | 105 (-65 vs prior Q) | 462 (+30 vs prior Q) | 487 (+17 vs prior Q) | +6.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $8,123,533,521 | 31,390,446 | 13.08% | Shares |
| BlackRock, Inc. | $4,550,736,475 | 19,822,870 | 7.33% | Shares |
| FMR LLC | $4,280,475,069 | 18,645,620 | 6.89% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $3,851,537,901 | 16,777,183 | 6.20% | Shares |
| JPMORGAN CHASE & CO | $3,260,708,906 | 14,356,764 | 5.25% | Shares |
| Capital World Investors | $2,872,235,049 | 12,511,991 | 4.63% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,859,231,218 | 12,454,725 | 4.60% | Shares |
| STATE STREET CORP | $2,595,011,070 | 11,303,790 | 4.18% | Shares |
| Dodge & Cox | $2,149,609,457 | 9,363,634 | 3.46% | Shares |
| NORGES BANK | $1,545,876,170 | 6,733,790 | 2.49% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,446,658,088 | 6,298,870 | 2.33% | Shares |
| EAGLE CAPITAL MANAGEMENT LLC | $1,122,737,692 | 4,890,612 | 1.81% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $802,311,830 | 3,494,796 | 1.29% | Shares |
| GOLDMAN SACHS GROUP INC | $646,933,249 | 2,818,022 | 1.04% | Shares |
| MORGAN STANLEY | $595,013,335 | 2,591,858 | 0.96% | Shares |
| Capital Research Global Investors | $593,625,531 | 2,585,853 | 0.96% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $550,893,700 | 2,425,562 | 0.89% | Shares |
| GTCR LLC | $544,947,068 | 2,373,773 | 0.88% | Shares |
| FRANKLIN RESOURCES INC | $509,448,297 | 2,219,141 | 0.82% | Shares |
| NORTHERN TRUST CORP | $506,140,556 | 2,204,733 | 0.82% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $495,071,015 | 2,156,506 | 0.80% | Shares |
| Capital International Investors | $459,536,264 | 2,002,580 | 0.74% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $440,226,807 | 1,917,615 | 0.71% | Shares |
| JANUS HENDERSON GROUP PLC | $426,886,844 | 1,970,990 | 0.69% | Shares |
| Invesco Ltd. | $401,942,208 | 1,750,848 | 0.65% | Shares |
| BANK OF AMERICA CORP /DE/ | $353,766,791 | 1,540,997 | 0.57% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $331,153,348 | 1,442,494 | 0.53% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $314,012,628 | 1,449,869 | 0.51% | Shares |
| First Pacific Advisors, LP | $306,772,095 | 1,336,290 | 0.49% | Shares |
| Legal & General Group Plc | $299,886,147 | 1,306,295 | 0.48% | Shares |
| Brave Warrior Advisors, LLC | $295,002,501 | 1,285,022 | 0.48% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $294,188,216 | 1,281,475 | 0.47% | Shares |
| Bank of New York Mellon Corp | $289,484,067 | 1,260,984 | 0.47% | Shares |
| BROWN ADVISORY INC | $282,351,582 | 1,229,898 | 0.45% | Shares |
| FIL Ltd | $258,487,784 | 1,125,965 | 0.42% | Shares |
| UBS Group AG | $244,376,806 | 1,064,498 | 0.39% | Shares |
| BECK MACK & OLIVER LLC | $243,781,531 | 1,061,905 | 0.39% | Shares |
| BROWN BROTHERS HARRIMAN & CO | $229,786,848 | 1,000,945 | 0.37% | Shares |
| Guinness Asset Management LTD | $194,729,830 | 851,348 | 0.31% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $191,284,684 | 833,230 | 0.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $189,612,922 | 826,025 | 0.31% | Shares |
| BRANDES INVESTMENT PARTNERS, LP | $186,646,545 | 813,014 | 0.30% | Shares |
| Amundi | $183,535,476 | 799,475 | 0.30% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $183,427,119 | 799,003 | 0.30% | Shares |
| Focus Partners Wealth | $177,050,457 | 771,225 | 0.29% | Shares |
| COOKE & BIELER LP | $176,682,352 | 769,623 | 0.28% | Shares |
| CIBC Bancorp USA Inc. | $174,939,542 | 761,528 | 0.28% | Shares |
| Nuveen, LLC | $166,630,347 | 725,837 | 0.27% | Shares |
| Swiss National Bank | $166,452,024 | 725,060 | 0.27% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $164,469,458 | 716,424 | 0.26% | Shares |
Company insiders 41 insiders · 23 officers · 21 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Patrick J Gallagher JR | CEO | Sept. 8, 2026 G | 0 | 0 | 1 | $-6,322,010 |
| Douglas K Howell | VP & Chief Financial Officer | June 22, 2026 I | 106,710 | 0 | 1 | $-1,290,250 |
| Thomas Joseph Gallagher | President | July 1, 2026 M | 323,743 | 0 | 0 | $0 |
| Patrick Murphy Gallagher | Chief Operating Officer | Sept. 8, 2026 G | 148,093 | 0 | 0 | $0 |
| Richard C Cary | Controller, CAO | Sept. 15, 2026 S | 46,819 | 0 | 3 | $-2,436,860 |
| Scott R Hudson | Vice President | Sept. 2, 2026 M | 90,262 | 0 | 2 | $-4,034,326 |
| Walter D. Bay | General Counsel | Aug. 24, 2026 S | 71,292 | 0 | 2 | $-7,282,710 |
| Christopher E Mead | VICE PRESIDENT | Aug. 19, 2026 M | 22,223 | 0 | 4 | $-3,153,915 |
| Mark H. Bloom | Vice President | Aug. 16, 2026 M | 4,417 | 0 | 0 | $0 |
| Michael Robert Pesch | Vice President | July 1, 2026 M | 44,833 | 4 | 0 | $988,489 |
| Vishal Jain | VICE PRESIDENT | July 1, 2026 M | 68,903 | 0 | 0 | $0 |
| William F Ziebell | VICE PRESIDENT | March 31, 2026 M | 48,685 | 0 | 0 | $0 |
| Susan E Pietrucha | Chief Human Resources Officer | March 15, 2026 F | 16,397 | 0 | 0 | $0 |
| Joel D Cavaness | Vice President | April 29, 2024 M | 159,581 | 0 | 0 | $0 |
| James W Durkin JR | Vice President | Jan. 29, 2018 M | 303,317 | 0 | 0 | $0 |
| James S Gault | Vice President | Nov. 30, 2017 M | 129,637 | 0 | 0 | $0 |
| David E Mcgurn JR | Vice President | June 10, 2015 M | 15,466 | 0 | 0 | $0 |
| Richard J Mckenna | Vice President | Aug. 11, 2009 J | 66,785 | 0 | 0 | $0 |
| John C Rosengren | VP, Gen. Counsel & Secretary | May 15, 2007 A | 262 | 0 | 0 | $0 |
| Elizabeth Brinkerhoff | Vice President | June 14, 2006 M | 20,996 | 0 | 0 | $0 |
| Robert E Gallagher | Chairman | March 14, 2006 A | 16,951 | 0 | 0 | $0 |
| Nicholas M Elsberg | Vice President | July 21, 2005 A | 23,723 | 0 | 0 | $0 |
| James J Braniff III | Vice President | Nov. 26, 2003 M | 157,056 | 0 | 0 | $0 |
| Christopher C. Miskel | Director | Sept. 1, 2026 A | 10,826 | 0 | 0 | $0 |
| David S Johnson | Director | June 1, 2026 A | 47,387 | 0 | 0 | $0 |
| Richard De Winton Wilkin Harries | Director | May 12, 2026 A | 2,413 | 0 | 0 | $0 |
| Teresa Hillary Clarke | Director | May 12, 2026 A | 5,567 | 0 | 0 | $0 |
| David John Coldman | Director | May 12, 2026 A | 16,344 | 0 | 0 | $0 |
| Deborah H Caplan | Director | May 12, 2026 A | 2,650 | 0 | 0 | $0 |
| Ralph J Nicoletti | Director | May 12, 2026 A | 18,414 | 0 | 0 | $0 |
| Norman L Rosenthal | Director | May 12, 2026 A | 43,327 | 0 | 0 | $0 |
| Sherry S Barrat | Director | May 13, 2025 A | 18,073 | 0 | 0 | $0 |
| William L Bax | Director | May 7, 2024 M | 47,904 | 0 | 0 | $0 |
| Kay W Mccurdy | Director | May 9, 2023 M | 30,621 | 0 | 0 | $0 |
| Frank E. English Jr. | Director | Nov. 4, 2020 S | 5,500 | 0 | 0 | $0 |
| Elbert O Hand | Director | May 16, 2018 M | 33,200 | 0 | 0 | $0 |
| James R Wimmer | Director | May 21, 2014 M | 27,743 | 0 | 0 | $0 |
| Ilene S Gordon | Director | May 7, 2013 M | 21,745 | 0 | 0 | $0 |
| Kimball T Brooker | Director | Jan. 27, 2010 M | 188,040 | 0 | 0 | $0 |
| COUGHLAN GARY P/PA | Director | May 15, 2007 A | 8,000 | 0 | 0 | $0 |
| Bernard L Hengesbaugh | Director | Dec. 9, 2004 P | 1,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 121 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| KBWP · Invesco Exchange-Traded Fund Trust … | 3.76% | 45,022 SH | Oct. 1, 2026 | Daily |
| SOVF · Elevation Series Trust | 2.23% | 7,813 NS | July 31, 2026 | N-PORT |
| RSPF · Invesco Exchange-Traded Fund Trust | 1.31% | 21,304 SH | Oct. 1, 2026 | Daily |
| GDIV · Harbor ETF Trust | 1.06% | 10,030 NS | July 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 1.02% | 1,650,247 SH | Aug. 19, 2026 | Daily |
| IYF · iShares Trust | 0.94% | 169,979 SH | Sept. 11, 2026 | Daily |
| ESLV · Strategy Shares | 0.76% | 437 NS | July 31, 2026 | N-PORT |
| ESLG · Strategy Shares | 0.76% | 710 NS | July 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.71% | 67,540 NS | July 31, 2026 | N-PORT |
| VFH · VANGUARD WORLD FUND | 0.69% | 418,822 SH | Aug. 19, 2026 | Daily |
| ESUM · Strategy Shares | 0.63% | 4,586 NS | July 31, 2026 | N-PORT |
| UPSD · ETF Series Solutions | 0.62% | 2,914 NS | July 31, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.57% | 5,567,393 SH | Aug. 19, 2026 | Daily |
| FFLC · FIDELITY COVINGTON TRUST | 0.54% | 26,253 NS | July 31, 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.54% | 100,660 NS | July 31, 2026 | N-PORT |
| FAS · Direxion Shares ETF Trust | 0.54% | 50,621 NS | July 31, 2026 | N-PORT |
| IMCG · iShares Trust | 0.52% | 85,306 SH | Sept. 11, 2026 | Daily |
| FDLO · FIDELITY COVINGTON TRUST | 0.50% | 28,467 NS | July 31, 2026 | N-PORT |
| IMCB · iShares Trust | 0.43% | 29,859 SH | Sept. 11, 2026 | Daily |
| IXG · iShares Trust | 0.39% | 11,205 SH | Sept. 11, 2026 | Daily |
| PABU · iShares Trust | 0.39% | 39,984 SH | Sept. 11, 2026 | Daily |
| LQAI · Exchange Listed Funds Trust | 0.38% | 34 NS | July 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.38% | 13,998 SH | Aug. 19, 2026 | Daily |
| XOEF · iShares Trust | 0.35% | 324 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.34% | 16,306 SH | Sept. 10, 2026 | Daily |
| USMV · iShares Trust | 0.33% | 321,096 SH | Sept. 11, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.26% | 1,451,347 SH | Aug. 19, 2026 | Daily |
| USXF · iShares Trust | 0.25% | 15,258 SH | Sept. 11, 2026 | Daily |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0.25% | 981 NS | July 31, 2026 | N-PORT |
| FFLV · FIDELITY COVINGTON TRUST | 0.24% | 161 NS | July 31, 2026 | N-PORT |
| IWX · iShares Trust | 0.23% | 36,766 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.22% | 3,924 SH | Sept. 11, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.22% | 2,446,303 SH | Aug. 19, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.22% | 7,317 SH | Oct. 1, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.21% | 1,505 NS | July 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.21% | 427,164 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.20% | 59,163 SH | Aug. 19, 2026 | Daily |
| IUSV · iShares Trust | 0.20% | 224,509 SH | Sept. 11, 2026 | Daily |
| EQTY · Valued Advisers Trust | 0.19% | 11,035 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.19% | 15,156 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 800,846 SH | Oct. 1, 2026 | Daily |
| DSI · iShares Trust | 0.18% | 39,240 SH | Sept. 11, 2026 | Daily |
| DGRO · iShares Trust | 0.18% | 311,950 SH | Sept. 11, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.17% | 7,817,000 | Oct. 1, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.17% | 225,000 | Oct. 1, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.17% | 4,972,000 | Oct. 1, 2026 | Daily |
| IWD · iShares Trust | 0.17% | 566,624 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.16% | 153,911 SH | Aug. 19, 2026 | Daily |
| EGLE · Global X Funds | 0.15% | 13 NS | July 31, 2026 | N-PORT |
| ILCG · iShares Trust | 0.12% | 14,949 SH | Sept. 11, 2026 | Daily |
| TOPC · iShares Trust | 0.12% | 156 SH | Sept. 11, 2026 | Daily |
| CATH · Global X Funds | 0.11% | 5,917 NS | July 31, 2026 | N-PORT |
| IWL · iShares Trust | 0.11% | 9,880 SH | Sept. 11, 2026 | Daily |
| XVV · iShares Trust | 0.11% | 2,966 SH | Sept. 11, 2026 | Daily |
| CHRI · Global X Funds | 0.11% | 34 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.11% | 211 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.10% | 266 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.10% | 13,420 NS | July 31, 2026 | N-PORT |
| ESGV · VANGUARD WORLD FUND | 0.10% | 57,654 SH | Aug. 19, 2026 | Daily |
| PTLC · Pacer Funds Trust | 0.10% | 13,013 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.10% | 2,195 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.10% | 21,734 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 35,118 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.10% | 14 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.10% | 6,137 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.10% | 4,304 NS | July 31, 2026 | N-PORT |
| IQSU · New York Life Investments ETF Trust | 0.10% | 1,277 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.10% | 3,238,287 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.09% | 4,975 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.09% | 18 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.09% | 6,768 SH | Oct. 1, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.09% | 969 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.09% | 8,319 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.09% | 21 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.09% | 6,671,901 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.09% | 300,036 SH | Aug. 19, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.09% | 6,159 NS | July 31, 2026 | N-PORT |
| TOV · EA Series Trust | 0.09% | 980 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.09% | 1,525 SH | Oct. 1, 2026 | Daily |
| IYY · iShares Trust | 0.09% | 11,077 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.09% | 44,423 SH | Oct. 1, 2026 | Daily |
| IWB · iShares Trust | 0.09% | 176,865 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.09% | 10,161 SH | Sept. 10, 2026 | Daily |
| IWV · iShares Trust | 0.09% | 70,422 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.09% | 334,523 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.08% | 8,158,534 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.08% | 42,288 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.08% | 21,486 SH | Aug. 19, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.08% | 1,787 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.08% | 38,357 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.08% | 32,158 SH | Oct. 1, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.08% | 10,120 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.08% | 203 SH | Oct. 1, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.07% | 20,082 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.07% | 707 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.07% | 3,926 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.07% | 133,322 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.07% | 57,918 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.07% | 22,930 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.07% | 28,400 SH | Oct. 1, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 21,717 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 2,162 SH | Oct. 1, 2026 | Daily |
| TILT · FlexShares Trust | 0.06% | 5,372 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.06% | 81,533 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.05% | 212,349 SH | Aug. 19, 2026 | Daily |
| CRBN · iShares Trust | 0.05% | 2,183 SH | Sept. 11, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.04% | 229 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.01% | 3,519 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 1,251 SH | Oct. 1, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.00% | 2,000 | Sept. 30, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 5,000 | Sept. 30, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
AJG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
18 analysts · 2026-09-20Mean target $291.28 +28.8%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AJG | $66.51B | 45.1 | 20.7% | 10.7% | 6.9% | · |
| MRSH | $89.98B | 22.0 | 10.3% | 15.4% | 28.1% | · |
| BRO | $26.78B | 25.2 | 22.8% | 17.9% | 8.7% | · |
| RYAN | · | · | 21.3% | 2.1% | 9.9% | · |
| HGTY | · | · | 17.3% | 10.2% | 80.3% | · |
| BWIN | · | -48.1 | 8.3% | -2.2% | -5.7% | · |
| LIFE | · | · | 52.0% | 18.4% | -108.4% | · |
| GSHD | · | 70.8 | 16.2% | 7.6% | -107.8% | · |
| TWFG | · | 54.3 | 22.0% | · | · | · |
| ABX | $833M | 23.8 | 110.2% | 15.5% | 8.8% | 87.7% |
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