Arthur J. Gallagher & annual debt-to-ebitda ratio
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Arthur J. Gallagher & Debt-to-EBITDA Ratio Growth & History (AJG)
Arthur J. Gallagher &'s debt-to-ebitda ratio was 4.55 for fiscal 2025.
View full Arthur J. Gallagher & company overviewArthur J. Gallagher & annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.55 | −0.45 | −8.93% |
| 2024 | 2024-12-31 | 5.00 | 0.53 | +11.90% |
| 2023 | 2023-12-31 | 4.46 | 0.91 | +25.60% |
| 2022 | 2022-12-31 | 3.55 | −0.78 | −17.93% |
| 2021 | 2021-12-31 | 4.33 | 0.87 | +25.29% |
| 2020 | 2020-12-31 | 3.46 | −1.12 | −24.43% |
| 2019 | 2019-12-31 | 4.57 | 0.73 | +18.90% |
| 2018 | 2018-12-31 | 3.85 | −0.15 | −3.80% |
| 2017 | 2017-12-31 | 4.00 | 0.02 | +0.53% |
| 2016 | 2016-12-31 | 3.98 | 0.29 | +7.78% |
| 2015 | 2015-12-31 | 3.69 | −0.42 | −10.31% |
| 2014 | 2014-12-31 | 4.12 | 1.02 | +32.77% |
| 2013 | 2013-12-31 | 3.10 | — | — |
Arthur J. Gallagher & quarterly debt-to-ebitda ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.25 | −0.19 | −4.30% |
| Q1 2026 | 2026-03-31 | 4.12 | −0.56 | −12.02% |
| Q4 2025 | 2025-12-31 | 4.55 | −0.45 | −8.93% |
| Q3 2025 | 2025-09-30 | 4.56 | 0.80 | +21.17% |
| Q2 2025 | 2025-06-30 | 4.45 | 0.53 | +13.60% |
| Q1 2025 | 2025-03-31 | 4.68 | 0.57 | +13.89% |
| Q4 2024 | 2024-12-31 | 5.00 | 0.53 | +11.90% |
| Q3 2024 | 2024-09-30 | 3.76 | 0.33 | +9.47% |
| Q2 2024 | 2024-06-30 | 3.91 | 0.13 | +3.50% |
| Q1 2024 | 2024-03-31 | 4.11 | 0.52 | +14.35% |
| Q4 2023 | 2023-12-31 | 4.46 | 0.91 | +25.60% |
| Q3 2023 | 2023-09-30 | 3.44 | 0.01 | +0.28% |
| Q2 2023 | 2023-06-30 | 3.78 | 0.05 | +1.33% |
| Q1 2023 | 2023-03-31 | 3.59 | −0.27 | −6.95% |
| Q4 2022 | 2022-12-31 | 3.55 | −0.78 | −17.93% |
| Q3 2022 | 2022-09-30 | 3.43 | −0.31 | −8.23% |
| Q2 2022 | 2022-06-30 | 3.73 | −0.44 | −10.55% |
| Q1 2022 | 2022-03-31 | 3.86 | 0.55 | +16.43% |
| Q4 2021 | 2021-12-31 | 4.33 | 0.87 | +25.29% |
| Q3 2021 | 2021-09-30 | 3.74 | 0.34 | +10.07% |
| Q2 2021 | 2021-06-30 | 4.17 | 0.35 | +9.29% |
| Q1 2021 | 2021-03-31 | 3.32 | −0.94 | −22.00% |
| Q4 2020 | 2020-12-31 | 3.46 | −1.12 | −24.43% |
| Q3 2020 | 2020-09-30 | 3.39 | −1.15 | −25.27% |
| Q2 2020 | 2020-06-30 | 3.82 | −0.82 | −17.62% |
| Q1 2020 | 2020-03-31 | 4.25 | −0.25 | −5.65% |
| Q4 2019 | 2019-12-31 | 4.57 | 0.73 | +18.90% |
| Q3 2019 | 2019-09-30 | 4.54 | — | — |
| Q2 2019 | 2019-06-30 | 4.63 | — | — |
| Q1 2019 | 2019-03-31 | 4.51 | — | — |
| Q4 2018 | 2018-12-31 | 3.85 | — | — |
| Q3 2016 | 2016-09-30 | 3.95 | — | — |
| Q2 2016 | 2016-06-30 | 3.89 | — | — |
| Q1 2016 | 2016-03-31 | 3.68 | — | — |
| Q4 2015 | 2015-12-31 | 3.69 | — | — |
Arthur J. Gallagher & debt-to-ebitda ratio trends
Over the last five fiscal years, Arthur J. Gallagher &'s debt-to-ebitda ratio increased from 3.46 to 4.55, a change of 1.09. The latest reported quarter, Q2 2026, shows 4.25.
About the metric
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
Calculation and source
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Arthur J. Gallagher & source filings ↗Community posts
Gallagher’s earnings rise as acquisitions supplement underlying growth
Arthur J. Gallagher ($AJG) reported third-quarter 2026 revenue before reimbursements of $3.93 billion, compared with $3.33 billion a year earlier. Net earnings increased to $406 million from $273 million, with diluted EPS of $1.55 versus $1 ...
