AJG
Arthur J. Gallagher & Co.
Stock
$226.11−5.71 (−2.46%)Close Oct 2, 2026
Cash flow statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.4B | $1.9B | $2.6B | $2.0B | $1.4B | $1.4B | $1.8B | $1.2B | $765M | $854M | $650M | $686M | $437M | $350M | $343M | $284M | $230M | $212M | $161M |
| Capital expenditures | $164M | $145M | $142M | $194M | $183M | $129M | $99M | $139M | $124M | $129M | $218M | $99M | $82M | $94M | $51M | $46M | $25M | $24M | $32M |
| Free cash flow | $2.3B | $1.8B | $2.4B | $1.8B | $1.2B | $1.3B | $1.7B | $1.1B | $641M | $725M | $432M | $587M | $355M | $256M | $292M | $238M | $204M | $188M | $129M |
| Stock-based compensation | $65M | $49M | $42M | $31M | $24M | $13M | $14M | $14M | $14M | $17M | $15M | $11M | $11M | $7.7M | $7.5M | $14M | $9.0M | $9.9M | $11M |
| Buybacks | — | — | — | — | — | — | — | — | $11M | $18M | $101M | — | — | — | $1.5M | $1.2M | $800K | $1.0M | $1.3M |
| Dividends paid | $693M | $667M | $525M | $474M | $430M | $392M | $347M | $321M | $302M | $283M | $272M | $258M | $223M | $183M | $204M | $146M | $134M | $128M | $119M |
| Dividends per share | $2.70 | $2.60 | $2.40 | $2.20 | $2.04 | $1.92 | $1.80 | $1.72 | $1.64 | $1.56 | $1.52 | $1.48 | $1.44 | $1.40 | $1.36 | $1.32 | $1.28 | $1.28 | $1.28 |
| Free cash flow margin | 14.5% | 12.8% | 21.1% | 18.2% | 14.1% | 15.4% | 24.4% | 14.6% | 9.2% | 11.8% | 7.7% | 10.9% | 7.7% | 8.1% | 11.6% | 11.2% | 11.0% | 10.9% | 7.8% |