RYANNYSEInsurance Agents, Brokers & ServiceFiscal year ends December 31
RYAN SPECIALTY HOLDINGS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$40.77+0.02 (+0.05%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Operating margin
16.2%+0.6 pts over 5 years
Net margin
2.1%−4.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +21.3% | +20.9% | +24.5% | – | |
| Operating income | +15.4% | +19.5% | +25.5% | – | |
| Net income | -33.0% | +1.3% | -1.4% | – | |
| Free cash flow | +24.4% | +25.0% | +37.5% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 9.9% | |
| Return on assets | – | – | 0.6% | |
| Current ratio | – | 1.00 | 0.98 | |
| Debt to equity | – | – | 5.17 | |
| Interest coverage | – | 3.4× | – | |
| Capex to revenue | – | 0.5% | 0.1% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ryan Specialty generated $2.24B from operations and spent $573.38M on capital expenditure, dividends and share buybacks. 62% of that went back into the business.
Generated
$2.24B
Used
$573.38M
Capital expenditure$353.89M62%Dividends$141.24M25%Share buybacks$78.26M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.1%
×Asset turnover0.30×
×Equity multiplier15.85×
=Return on equity, FY20259.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.1% | 0.30× | 15.85× | 9.9% |
| FY2024 | 3.8% | 0.30× | 14.23× | 15.9% |
| FY2023 | 2.9% | 0.30× | 13.13× | 11.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$63.40M
- Cash generatingOperating cash flow above zero$643.67M
- Return on assets improvedROA up on the prior year1.3% → 0.7%
- Earnings backed by cashOperating cash flow above net income$643.67M vs $63.40M
- Less leverageLong-term debt to assets fell33.5% → 31.2%
- Better liquidityCurrent ratio rose1.05 → 0.98
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.35 → 0.32