Saturday 17 October 2026 Export RYAN’s income statement to Excel — free account

Ryan Specialty Holdings Inc.

Ryan Specialty Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 21.3% from fiscal 2024. In the quarter to June 2026, revenue grew 7.19%, EPS fell 19.5%, free cash flow fell 17.8% and total debt rose 4.64%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

40.75 0.71 +1.77%

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Market cap: $10.2B
P/E: 52.9×
Fwd P/E: 37.4×
Dividend yield: 1.25%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 5.60

Total sells 234.59

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	5	—	—	—	—
Sell	—	2	—	—	—	—	—	—	—	1	1	—

Insider Ownership 14.88%

Capital & Financial Ratios $m

Market Cap 10,240.00

Revenue 3,217.67

Net Income 242.82

Free Cash Flow 492.78

Net Debt 3,493.04

Current Ratio 1.00

Debt/Equity 3.58

P/E ratio 52.92

Fwd P/E 37.40

P/S ratio 1.59

P/B ratio 5.02

Past 5Y EPS Growth (5.99%)

This Y EPS Growth 10.41%

Next Y EPS Growth 12.32%

Next Y revenue growth 7.89%

Next 5Y EPS Growth 11.31%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 7.37%

10-year low 10-year high

P/S against its own 10 years 8.51%

10-year low 10-year high

P/B against its own 10 years 12.94%

10-year low 10-year high

Dividends

Payout Ratio 0.71

Annual Dividend Rate 0.51

Annual Dividend Yield 1.25%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.51	0.13 0.13 0.13
2025	0.48	0.12 0.12 0.12 0.12
2024	0.33	0.23 0.11 0.11 0.11
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	839	540	158	140
Receivables	294	390	489	698
Inventory	—	—	—	—
Other	3,194	3,850	4,399	5,789
	4,336	4,789	5,060	6,643

	2023	2024	2025	Q'26
Payables	136	249	284	341
ST’ Debt	35	52	60	62
Other	3,132	3,740	4,299	5,740
	3,744	4,549	5,189	6,656

Compound Annual Growth %

	10y	5y	3y
Sales	—	24.54%	20.93%
Cash Flow	—	36.59%	24.26%
Earnings	—	(1.42%)	1.27%
Book Value	—	32.19%	15.32%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	795	917	—	—	—
’25	690	855	755	751	3,051
’24	552	695	605	664	2,516
’23	458	585	502	533	2,078
’22	387	491	412	435	1,725
’21	311	390	353	379	1,433
’20	208	246	237	327	1,018

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(167)	293	—	—	—
’25	(143)	354	170	263	644
’24	(117)	271	101	260	515
’23	(159)	304	105	227	477
’22	(65)	230	(14)	185	336
’21	(75)	183	47	119	273
’20	(32)	100	(66)	133	135

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(181)	274	—	—	—
’25	(160)	334	153	246	573
’24	(124)	256	94	242	468
’23	(162)	301	95	213	447
’22	(68)	226	(19)	174	313
’21	(77)	181	(299)	116	(79)
’20	(43)	98	(69)	131	118

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.13	0.33	—	—	—
’25	(0.22)	0.38	0.20	0.06	0.47
’24	0.13	0.37	0.09	0.10	0.71
’23	0.11	0.26	(0.04)	0.18	0.52
’22	0.06	0.22	0.09	0.14	0.52
’21	(0.02)	0.24	(0.16)	0.09	0.54
’20	0.05	0.19	0.04	—	0.64

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	25.57	32.13	35.10	41.65	50.08	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	41.14	46.40	50.64	75.97	77.16
People
People	Employees	—	—	—	—	1,214	669	3,850	4,350	5,250	6,110
	Revenue/emp, $m	—	—	—	0.00	0.84	2.14	0.45	0.48	0.48	0.50
Income, $m
Income, $m	Revenue	—	—	—	765	1,018	1,433	1,725	2,078	2,516	3,051
	Gross margin, %	—	—	—	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	—	—	—	68	79	62	179	238	273	293
	EBT margin, %	—	—	—	8.89	7.80	4.30	10.39	11.45	10.83	9.61
	Net income	—	0	—	63	71	57	163	194	230	214
	Depreciation	—	—	—	55	73	124	126	135	199	304
Per share, $
Per share, $	Revenue	—	—	—	7.22	9.61	13.55	15.88	18.17	20.83	23.97
	Earnings	—	—	—	0.60	0.64	0.54	0.57	0.53	0.78	0.50
	Cash flow	—	—	—	1.41	1.28	2.59	3.09	4.17	4.26	5.06
	Capex	—	—	—	0.05	(0.17)	(3.34)	(0.21)	(0.26)	(0.39)	(0.56)
	Free cash flow	—	—	—	1.46	1.11	(0.75)	2.88	3.91	3.87	4.50
	Book value	—	—	—	(0.72)	2.93	5.63	7.53	8.57	9.09	9.85
	Shares, m	—	—	—	106	106	106	109	114	121	127
Valuation, ×
Valuation, ×	P/E	—	—	—	61.11	61.11	252.19	73.26	79.33	82.26	105.37
	P/S	—	—	—	5.63	5.63	2.98	2.63	2.36	3.08	2.15
	P/B	—	—	—	0.00	0.00	7.17	5.55	5.00	7.06	5.24
	EV/Sales	—	—	—	6.65	6.65	3.82	3.20	2.91	4.17	3.20
	EV/FCF	—	—	—	50.60	50.60	(68.84)	17.67	13.50	22.43	17.05
Cash, $m
Cash, $m	Operating cash flow	—	—	—	150	135	273	336	477	515	644
	Capex	—	—	—	5	(18)	(353)	(23)	(30)	(47)	(71)
	Free cash flow	—	—	—	154	118	(79)	313	447	468	573
Balance, $m
Balance, $m	Working capital	—	—	—	(7)	11	93	760	591	240	(129)
	Total debt	—	—	—	669	1,585	1,590	1,982	1,979	3,283	3,352
	Net debt	—	—	—	617	1,273	1,203	990	1,140	2,743	3,193
	Shareholders’ equity	—	—	—	(76)	311	595	818	980	1,098	1,254
Returns, %
Returns, %	ROA	—	—	—	5.86	2.03	1.32	1.03	0.90	1.12	0.63
	ROIC	—	—	—	11.68	6.26	6.49	10.01	10.59	6.96	6.94
	ROE	—	—	—	(162.45)	(2,522.84)	19.79	8.64	6.79	9.11	5.39

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FNF Fidelity National Financial, Inc.	$10.6B	14.1×	8.8×	+11.44% (above 0%: growing)	+9.80% (above 0%: growing)	−1.24% (below 0%: shrinking)	53.15%	9.85%	Compare
RYAN Ryan Specialty Holdings Inc.	$10.2B	52.9×	37.4×	+7.19% (above 0%: growing)	−19.51% (below 0%: shrinking)	−17.82% (below 0%: shrinking)	100.00%	19.67%
AXS Axis Capital Holdings Limited	$7.2B	7.0×	7.4×	+7.35% (above 0%: growing)	+24.00% (above 0%: growing)	+137.05% (above 0%: growing)	28.72%	19.18%	Compare
FAF First American Financial Corporation	$6.5B	9.0×	9.9×	+14.99% (above 0%: growing)	+51.06% (above 0%: growing)	+2.71% (above 0%: growing)	100.00%	16.60%	Compare
ACT Enact Holdings, Inc.	$6.3B	9.7×	8.8×	+4.07% (above 0%: growing)	+11.61% (above 0%: growing)	−0.84% (below 0%: shrinking)	73.93%	73.26%	Compare
ESNT Essent Group Ltd.	$5.7B	8.9×	8.0×	+13.64% (above 0%: growing)	+7.18% (above 0%: growing)	+3.88% (above 0%: growing)	65.75%	65.75%	Compare
MTG MGIC Investment Corporation	$5.7B	8.7×	8.3×	−2.91% (below 0%: shrinking)	+6.17% (above 0%: growing)	+0.83% (above 0%: growing)	81.29%	80.85%	Compare
RDN Radian Group Inc.	$4.5B	8.7×	7.8×	+92.58% (above 0%: growing)	−17.48% (below 0%: shrinking)	+147.96% (above 0%: growing)	50.35%	30.09%	Compare
AGO Assured Guaranty Ltd.	$3.1B	9.5×	11.8×	−30.60% (below 0%: shrinking)	−57.89% (below 0%: shrinking)	−48.72% (below 0%: shrinking)	97.95%	42.05%	Compare
Median of peers	$6.0B	9.0×	8.5×	+9.40%	+8.49%	+1.77%	69.84%	36.07%

All 17 Insurance Specialty stocks →