Ryan Specialty Holdings Inc.

RYAN Financial Insurance Brokers

Ryan Specialty Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 21.3% from fiscal 2024.

Revenue
+4.69%
EPS
+25.0%
Free cash flow
+4.14%
Total debt
+8.41%

Quarter to September 2026, against a year earlier

47.53 0.73 −1.51%
Market cap
$12.1B
P/E
57.8×
Fwd P/E
48.0×
Dividend yield
1.06%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Ryan Specialty Holdings Inc. (RYAN) Operating margin

Alert me on Operating margin

Ryan Specialty Holdings Inc.'s operating margin over the twelve months to 30 September 2026 was 15.6%, down 0.6 percentage points from fiscal 2025 (16.2%). Over the past ten years it has ranged from 13.0% (fiscal 2021) to 17.3% (fiscal 2023); the current reading is higher than 57% of that period. That is in line with the Insurance Brokers industry median of 15.8% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 16.2% (0.83)
FY2024 17.0% (0.27)
FY2023 17.3% 0.50
FY2022 16.8% 3.75
FY2021 13.0% (2.54)
FY2020 15.6% 2.36
FY2019 13.2% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 17.8% (1.84)
Jun 2026 19.7% 7.77
Mar 2026 11.9% (0.29)
Dec 2025 12.2% (2.49)
23 more quarters

Against its own ten years

Low 13.0% High 17.3%
Ten-year median 16.2%
Current reading's percentile 38

Operating margin against peers

Company Operating margin
NP Neptune Insurance Holdings Inc. compare 41.3%
BRO Brown & Brown, Inc. compare 28.3%
WTW Willis Towers Watson Public Limited Company compare 22.0%
ARX Accelerant Holdings compare 21.2%
ERIE Erie Indemnity Company compare 17.9%
CRVL CorVel Corp. compare 15.9%
RYAN Ryan Specialty Holdings Inc. 15.6%
LIFE Ethos Technologies Inc. compare −4.30%
BWIN Baldwin Insurance Group, Inc. compare −6.88%
Insurance Brokers industry median 15.8%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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