Arthur Income Statement Research

AJG Stock

USD 233.99 3.47 1.51%

Most accounts from Arthur J's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Arthur J Gallagher current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Arthur J Valuation and Arthur J Correlation analysis.

At this time, Arthur J's Other Operating Expenses is most likely to increase significantly in the upcoming years. The Arthur J's current Total Other Income Expense Net is estimated to increase to about 1.5 B, while Total Revenue is projected to decrease to roughly 1.6 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	1.6B	1.9B	135.3M	128.5M
Cost Of Revenue	5.2B	5.0B	1.8B	1.6B

Total Operating Expenses Cost Of Revenue

Arthur J income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Discontinued Operations	Net Income From Continuing Ops	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Non Operating Income Net Other
Depreciation And Amortization		0.41	0.32	0.3	-0.05	0.51	-0.16	-0.17	0.04	0.54	0.19	0.08	0.37	0.97	0.39	-0.54	0.9	-0.83	0.72	0.83	-0.88	0.86	0.53
Interest Expense	0.41		-0.34	-0.24	-0.49	-0.05	-0.55	-0.55	-0.47	0.02	-0.34	-0.52	0.56	0.25	-0.06	-0.52	0.18	-0.31	0.13	0.18	-0.3	0.27	0.52
Selling General Administrative	0.32	-0.34		0.98	0.92	0.94	0.87	0.87	0.94	0.89	0.93	0.94	-0.74	0.37	-0.32	0.56	0.44	-0.31	-0.15	0.22	-0.03	0.12	-0.57
Total Revenue	0.3	-0.24	0.98		0.91	0.97	0.85	0.85	0.93	0.93	0.91	0.9	-0.74	0.32	-0.46	0.57	0.4	-0.29	-0.24	0.15	0.03	0.05	-0.58
Gross Profit	-0.05	-0.49	0.92	0.91		0.77	0.98	0.98	0.98	0.69	0.93	0.97	-0.92	0.03	-0.44	0.78	0.13	-0.02	-0.4	-0.06	0.27	-0.17	-0.8
Other Operating Expenses	0.51	-0.05	0.94	0.97	0.77		0.69	0.69	0.8	0.99	0.85	0.77	-0.54	0.5	-0.39	0.37	0.54	-0.44	-0.1	0.29	-0.14	0.19	-0.39
Operating Income	-0.16	-0.55	0.87	0.85	0.98	0.69		1.0	0.98	0.62	0.84	0.96	-0.97	-0.08	-0.46	0.83	0.04	0.04	-0.46	-0.14	0.35	-0.24	-0.86
Ebit	-0.17	-0.55	0.87	0.85	0.98	0.69	1.0		0.98	0.62	0.84	0.96	-0.97	-0.08	-0.47	0.83	0.04	0.04	-0.46	-0.14	0.35	-0.25	-0.86
Ebitda	0.04	-0.47	0.94	0.93	0.98	0.8	0.98	0.98		0.74	0.89	0.99	-0.91	0.12	-0.4	0.74	0.22	-0.13	-0.32	0.03	0.18	-0.07	-0.76
Cost Of Revenue	0.54	0.02	0.89	0.93	0.69	0.99	0.62	0.62	0.74		0.75	0.71	-0.48	0.52	-0.41	0.33	0.58	-0.47	-0.08	0.32	-0.16	0.22	-0.31
Total Operating Expenses	0.19	-0.34	0.93	0.91	0.93	0.85	0.84	0.84	0.89	0.75		0.88	-0.75	0.23	-0.33	0.59	0.3	-0.19	-0.23	0.11	0.07	0.01	-0.6
Income Before Tax	0.08	-0.52	0.94	0.9	0.97	0.77	0.96	0.96	0.99	0.71	0.88		-0.88	0.18	-0.28	0.69	0.28	-0.15	-0.22	0.11	0.09	0.02	-0.71
Total Other Income Expense Net	0.37	0.56	-0.74	-0.74	-0.92	-0.54	-0.97	-0.97	-0.91	-0.48	-0.75	-0.88		0.29	0.55	-0.91	0.15	-0.2	0.61	0.3	-0.52	0.41	0.91
Net Income	0.97	0.25	0.37	0.32	0.03	0.5	-0.08	-0.08	0.12	0.52	0.23	0.18	0.29		0.48	-0.49	0.93	-0.84	0.77	0.89	-0.92	0.91	0.48
Income Tax Expense	0.39	-0.06	-0.32	-0.46	-0.44	-0.39	-0.46	-0.47	-0.4	-0.41	-0.33	-0.28	0.55	0.48		-0.64	0.37	-0.38	0.9	0.61	-0.73	0.7	0.64
Discontinued Operations	-0.54	-0.52	0.56	0.57	0.78	0.37	0.83	0.83	0.74	0.33	0.59	0.69	-0.91	-0.49	-0.64		-0.26	0.41	-0.73	-0.39	0.7	-0.54	-0.8
Net Income From Continuing Ops	0.9	0.18	0.44	0.4	0.13	0.54	0.04	0.04	0.22	0.58	0.3	0.28	0.15	0.93	0.37	-0.26		-0.81	0.66	0.95	-0.83	0.9	0.45
Minority Interest	-0.83	-0.31	-0.31	-0.29	-0.02	-0.44	0.04	0.04	-0.13	-0.47	-0.19	-0.15	-0.2	-0.84	-0.38	0.41	-0.81		-0.66	-0.77	0.79	-0.77	-0.42
Tax Provision	0.72	0.13	-0.15	-0.24	-0.4	-0.1	-0.46	-0.46	-0.32	-0.08	-0.23	-0.22	0.61	0.77	0.9	-0.73	0.66	-0.66		0.8	-0.92	0.88	0.73
Interest Income	0.83	0.18	0.22	0.15	-0.06	0.29	-0.14	-0.14	0.03	0.32	0.11	0.11	0.3	0.89	0.61	-0.39	0.95	-0.77	0.8		-0.91	0.97	0.61
Net Interest Income	-0.88	-0.3	-0.03	0.03	0.27	-0.14	0.35	0.35	0.18	-0.16	0.07	0.09	-0.52	-0.92	-0.73	0.7	-0.83	0.79	-0.92	-0.91		-0.96	-0.68
Reconciled Depreciation	0.86	0.27	0.12	0.05	-0.17	0.19	-0.24	-0.25	-0.07	0.22	0.01	0.02	0.41	0.91	0.7	-0.54	0.9	-0.77	0.88	0.97	-0.96		0.65
Non Operating Income Net Other	0.53	0.52	-0.57	-0.58	-0.8	-0.39	-0.86	-0.86	-0.76	-0.31	-0.6	-0.71	0.91	0.48	0.64	-0.8	0.45	-0.42	0.73	0.61	-0.68	0.65

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Arthur J Account Relationship Matchups

Arthur J income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	179.8M	196.4M	226.1M	(256.9M)	282.5M	296.6M
Total Revenue	7.2B	7.0B	8.2B	8.6B	1.7M	1.6M
Gross Profit	2.4B	2.5B	3.0B	3.6B	(1.8B)	(1.8B)
Operating Income	836.5M	1.0B	1.5B	1.7B	(2.0B)	(1.9B)
Ebit	836.5M	1.0B	1.5B	1.7B	(2.0B)	(1.9B)
Ebitda	1.3B	1.6B	2.0B	2.3B	(1.3B)	(1.3B)
Cost Of Revenue	4.8B	4.5B	5.2B	5.0B	1.8B	1.6B
Income Before Tax	626.1M	870.9M	975.1M	1.3B	(595.2M)	(565.4M)
Net Income	668.8M	818.8M	906.8M	1.1B	969.5M	1.0B
Income Tax Expense	(89.7M)	12.8M	20.1M	211M	219.1M	230.1M
Minority Interest	47M	39.3M	(48.2M)	(1.8M)	(3.9M)	(3.7M)
Tax Provision	(89.7M)	12.8M	20.1M	211M	248.2M	260.6M
Interest Income	179.8M	196.4M	226.1M	256.9M	295.4M	183.5M
Net Interest Income	(179.8M)	(196.4M)	(226.1M)	(256.9M)	(282.5M)	(296.6M)

Pair Trading with Arthur J

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Arthur J position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Arthur J will appreciate offsetting losses from the drop in the long position's value.

Moving together with Arthur Stock

0.77	ERIE	Erie Indemnity Earnings Call This Week	Pair Corr
0.8	AON	Aon PLC Earnings Call This Week	Pair Corr

Moving against Arthur Stock

0.7	ALIZY	Allianz SE ADR	Pair Corr
0.45	DHIL	Diamond Hill Investment	Pair Corr

The ability to find closely correlated positions to Arthur J could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arthur J when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Arthur J - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Arthur J Gallagher to buy it.

The correlation of Arthur J is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arthur J moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arthur J Gallagher moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Arthur J can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Arthur J Gallagher is a strong investment it is important to analyze Arthur J's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Arthur J's future performance. For an informed investment choice regarding Arthur Stock, refer to the following important reports:

How To Invest In Arthur

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Is Arthur Stock a good investment?

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What is Arthur J's Net Worth?

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Check out Arthur J Valuation and Arthur J Correlation analysis.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Arthur Stock analysis

When running Arthur J's price analysis, check to measure Arthur J's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Arthur J is operating at the current time. Most of Arthur J's value examination focuses on studying past and present price action to predict the probability of Arthur J's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arthur J's price. Additionally, you may evaluate how the addition of Arthur J to your portfolios can decrease your overall portfolio volatility.

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Is Arthur J's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Arthur J. If investors know Arthur will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Arthur J listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.076

Dividend Share

2.2

Earnings Share

4.43

Revenue Per Share

44.482

Quarterly Revenue Growth

0.18

The market value of Arthur J Gallagher is measured differently than its book value, which is the value of Arthur that is recorded on the company's balance sheet. Investors also form their own opinion of Arthur J's value that differs from its market value or its book value, called intrinsic value, which is Arthur J's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Arthur J's market value can be influenced by many factors that don't directly affect Arthur J's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Arthur J's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arthur J is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arthur J's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Arthur Income Statement Research

Arthur J income statement Correlations

Arthur J Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Arthur J income statement Accounts

Pair Trading with Arthur J

Moving together with Arthur Stock

Moving against Arthur Stock

Complementary Tools for Arthur Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ebit	+ 1.0	Operating Income
Cost Of Revenue	+ 0.99	Other Operating Expenses
Income Before Tax	+ 0.99	Ebitda
Total Revenue	+ 0.98	Selling General Administrative
Operating Income	+ 0.98	Gross Profit
Ebit	+ 0.98	Gross Profit

Total Other Income Expense Net	- 0.97	Ebit
Total Other Income Expense Net	- 0.97	Operating Income
Reconciled Depreciation	- 0.96	Net Interest Income
Net Interest Income	- 0.92	Tax Provision
Net Interest Income	- 0.92	Net Income
Total Other Income Expense Net	- 0.92	Gross Profit