Growth Metrics

Arthur J. Gallagher (AJG) Debt Ratio (2009 - 2026)

Arthur J. Gallagher posted quarterly Debt Ratio of 0.16 for Q1 2026, down 6.96% year-on-year from 0.17 in Q1 2025, and down 9.94% on a QoQ basis from 0.18 in Q4 2025.

Arthur J. Gallagher (AJG) has 18 years of Debt Ratio data on file, last reported at 0.16 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 6.96% year-over-year to 0.16; the trailing twelve-month figure through Mar 2026 stood at 0.16 (down 6.96% YoY), and the FY2025 full-year result was 0.18, down 10.39% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.16, down from 0.18 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.2 in Q4 2024 and bottomed at 0.12 in Q3 2023.
  • The 5-year median for Debt Ratio is 0.15 (2022), against an average of 0.15.
  • The widest annual swing landed in 2022, when Debt Ratio declined 25.95%; it then surged 35.33% in 2024.
  • A 5-year view of Debt Ratio shows it stood at 0.15 in 2022, then retreated by 2.87% to 0.15 in 2023, then jumped by 35.33% to 0.2 in 2024, then fell by 10.39% to 0.18 in 2025, then retreated by 9.94% to 0.16 in 2026.
  • The last three Debt Ratio figures came in at 0.16 (Q1 2026), 0.18 (Q4 2025), and 0.16 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 0.29
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 0.16
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 0.21
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 0.27
5 XChange TEC.INC 6.95 Bn 6.95 Bn - 0.47
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn -
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn -
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 0.38
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 0.81
10 Twfg 279.02 Mn 351.22 Mn - 0.01

Historic Data

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DateValue
Mar 31, 2026 0.16
Dec 31, 2025 0.18
Sep 30, 2025 0.16
Jun 30, 2025 0.16
Mar 31, 2025 0.17
Dec 31, 2024 0.20
Sep 30, 2024 0.14
Jun 30, 2024 0.13
Mar 31, 2024 0.13
Dec 31, 2023 0.15
Sep 30, 2023 0.12
Jun 30, 2023 0.13
Mar 31, 2023 0.15
Dec 31, 2022 0.15
Sep 30, 2022 0.16
Jun 30, 2022 0.16
Mar 31, 2022 0.14
Dec 31, 2021 0.18
Sep 30, 2021 0.20
Jun 30, 2021 0.21
Mar 31, 2021 0.18
Dec 31, 2020 0.19
Sep 30, 2020 0.20
Jun 30, 2020 0.21
Mar 31, 2020 0.23
Dec 31, 2019 0.23
Sep 30, 2019 0.22
Jun 30, 2019 0.22
Mar 31, 2019 0.22
Dec 31, 2018 0.21
Sep 30, 2018 0.21
Jun 30, 2018 4.57
Mar 31, 2018 3.80
Dec 31, 2017 0.18
Sep 30, 2017 1.57
Jun 30, 2017 3.71
Mar 31, 2017 0.22
Dec 31, 2016 0.20
Sep 30, 2016 0.30
Jun 30, 2016 3.96
Mar 31, 2016 3.52
Dec 31, 2015 0.21
Sep 30, 2015 3.56
Jun 30, 2015 3.66
Mar 31, 2015 2.10
Dec 31, 2014 0.23
Sep 30, 2014 2.30
Jun 30, 2014 0.30
Mar 31, 2014 2.09
Dec 31, 2013 0.21
Sep 30, 2013 0.23
Jun 30, 2013 1.31
Mar 31, 2013 0.20
Dec 31, 2012 0.16
Mar 31, 2012 0.22
Dec 31, 2011 0.15
Sep 30, 2011 0.16
Jun 30, 2011 0.15
Mar 31, 2011 1.26
Dec 31, 2010 0.15
Dec 31, 2009 0.17