Ryan Specialty Holdings, Inc. logo RYAN - Ryan Specialty Holdings, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 9
HOLD 8
SELL 2
STRONG
SELL 0
| PRICE TARGET: $42.00 DETAILS
HIGH: $64.00
LOW: $31.00
MEDIAN: $40.00
CONSENSUS: $42.00
UPSIDE: 28.52%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019
Revenue
Revenue 3,051.1 2,515.7 2,077.5 1,725.2 1,432.8 1,018.3 765.1
Cost of Revenue 287.5 0 0 0 0 0 0
Gross Profit 2,763.6 2,515.7 2,077.5 1,725.2 1,432.8 1,018.3 765.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0
SG&A Expenses 453.5 1,943.1 1,597.2 1,326.0 1,130.6 793.5 612.6
Other Expenses 1,684.9 300.0 242.4 220.0 240.6 145.3 84.6
Operating Expenses 2,138.4 2,243.2 1,839.6 1,546.0 1,371.2 938.8 697.1
Operating Income
Operating Income 625.2 272.6 237.9 179.2 61.6 79.5 68.0
Interest Expense 222.4 158.4 119.5 104.8 79.4 47.2 35.5
Interest Income 56.5 0 0 0 0 0 0
Profitability
EBITDA 803.1 598.6 473.3 393.3 253.6 194.2 156.6
EBIT 515.6 431.0 357.4 284.0 140.9 126.7 103.5
Income Before Tax 293.2 272.6 237.9 179.2 61.6 79.5 68.0
Income Tax Expense 79.0 42.6 43.4 15.9 4.9 9.0 4.9
Net Income 63.4 94.7 61.0 61.1 65.9 68.1 64.2
Per Share Data
EPS (Basic) 0.50 0.78 0.57 0.56 -0.07 0.64 0.60
EPS (Diluted) 0.47 0.71 0.52 0.52 -0.07 0.64 0.60
Shares Outstanding 127.3 120.8 114.4 108.6 105.7 106.5 106.5
Metric 2025 2024 2023 2022 2021 2020 2019
Current Assets
Cash & Cash Equivalents 158.3 540.2 838.8 992.7 387.0 312.7 52.0
Short-Term Investments 0 13.9 0 0 0 0 0
Net Receivables 489.0 4,173.8 3,462.3 2,871.7 2,602.9 2,155.9 127.1
Inventory 0 0 0 0 0 0 0
Other Current Assets (76.5) 0 0 0 0 (2,513.5) 1,222.6
Total Current Assets 647.3 4,806.3 4,350.7 3,914.9 3,036.4 0 1,421.2
Non-Current Assets
Property, Plant & Equipment 199.9 183.5 170.1 175.1 100.2 111.4 11.6
Goodwill 3,225.0 2,646.7 1,646.5 1,315.0 1,309.3 1,224.2 528.5
Intangible Assets 119.6 1,475.7 610.7 486.4 573.9 604.8 165.2
Long-Term Investments 110.0 70.9 46.1 38.5 45.4 47.2 22.5
Other Non-Current Assets 5,952.2 18.6 39.3 57.0 10.8 (1,987.5) 41.3
Total Non-Current Assets 9,916.9 4,843.6 2,896.5 2,468.9 2,422.3 0 769.1
Total Assets 10,564.2 9,649.9 7,247.2 6,383.7 5,458.7 4,529.4 2,190.3
Current Liabilities
Account Payables 217.3 0 0 0 0 0 45.9
Short-Term Debt 60.2 51.7 35.4 30.6 23.5 19.2 9.2
Deferred Revenue 0 0 0 0 0 0 0
Other Current Liabilities (217.3) 39.9 0.1 0.6 0.6 (39.0) 1,222.1
Total Current Liabilities 86.2 649.4 501.3 414.3 433.6 0 1,427.9
Non-Current Liabilities
Long-Term Debt 3,291.5 3,231.1 1,943.8 1,951.9 1,566.6 1,566.2 660.0
Deferred Tax Liabilities 49.8 39.9 0.1 0.6 0.6 0.6 0
Other Non-Current Liabilities 5,729.6 4,471.9 3,667.9 3,047.2 2,788.7 (1,650.5) 39.2
Total Non-Current Liabilities 9,223.9 7,902.2 5,766.3 5,151.6 4,430.4 0 699.3
Total Liabilities 9,310.1 8,551.6 6,267.6 5,565.9 4,863.9 4,458.3 2,127.2
Stockholders' Equity
Common Stock 0.3 0.3 0.3 0.3 0.3 0 97.5
Retained Earnings 120.4 122.9 114.4 54.0 (7.1) 0 (173.7)
Accumulated Other Comprehensive Income 13.8 (1.8) 3.1 6.0 1.7 2.7 0.9
Total Stockholders' Equity 648.1 627.7 559.8 478.4 343.8 69.8 64.3
Total Liabilities & Equity 10,564.2 9,649.9 7,247.2 6,383.7 5,458.7 4,529.4 2,190.3
Debt Metrics
Total Debt 3,530.7 3,464.2 2,155.0 2,157.2 1,683.3 1,689.0 669.3
Net Debt 3,372.4 2,924.0 1,316.2 1,164.5 1,296.3 1,376.3 617.3
Metric 2025 2024 2023 2022 2021 2020 2019
Operating Activities
Net Income 214.2 229.9 194.5 163.3 56.6 70.5 63.1
Depreciation & Amortization 287.5 167.6 115.8 109.3 112.7 67.5 53.1
Stock-Based Compensation 38.8 79.0 69.7 77.5 67.5 10.8 8.2
Change in Working Capital (37.3) (29.4) 37.9 (75.0) (29.4) (41.5) 20.4
Other Non-Cash Items 114.4 43.5 22.6 45.9 67.2 27.9 5.6
Operating Cash Flow 643.7 514.9 477.2 335.5 273.5 135.4 149.5
Investing Activities
Capital Expenditure (68.0) (47.0) (29.8) (15.0) (9.8) (12.5) (8.0)
Acquisitions (746.5) (1,708.7) (446.7) 0 (108.9) (741.5) (144.4)
Purchases of Investments (16.6) 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0
Other Investing Activities (3.0) 0 0.2 (7.4) (339.3) (14.5) 4.4
Investing Cash Flow (834.0) (1,755.7) (476.2) (22.4) (457.9) (768.5) (148.0)
Financing Activities
Net Debt Issuance 54.4 1,286.8 (16.5) 377.5 (17.7) 1,051.8 78.8
Stock Repurchased (3.7) (27.5) (8.8) (7.2) (967.8) (52.6) (3.2)
Dividends Paid (62.3) (80.2) (71.7) (39.9) (47.1) (50.1) (72.3)
Other Financing Activities 89.8 (37.6) 12.7 (15.7) 92.1 176.2 58.9
Financing Cash Flow 78.1 1,166.9 (12.6) 314.8 429.3 1,125.3 62.3
Cash Position
Net Change in Cash (96.3) (75.5) (11.1) 627.7 244.0 493.5 64.0
Cash at Beginning 1,680.8 1,756.3 1,767.4 1,139.7 895.7 402.2 338.1
Cash at End 1,584.5 1,680.8 1,756.3 1,767.4 1,139.7 895.7 402.2
Free Cash Flow 575.7 467.9 447.4 320.5 263.7 122.9 141.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019
Income Statement
Revenue 3,051.1 2,515.7 2,077.5 1,725.2 1,432.8 1,018.3 765.1
Gross Profit 2,763.6 2,515.7 2,077.5 1,725.2 1,432.8 1,018.3 765.1
Operating Income 625.2 272.6 237.9 179.2 61.6 79.5 68.0
Net Income 63.4 94.7 61.0 61.1 65.9 68.1 64.2
EPS (Diluted) 0.47 0.71 0.52 0.52 -0.07 0.64 0.60
Balance Sheet
Cash & Equivalents 158.3 540.2 838.8 992.7 387.0 312.7 52.0
Total Assets 10,564.2 9,649.9 7,247.2 6,383.7 5,458.7 4,529.4 2,190.3
Total Debt 3,530.7 3,464.2 2,155.0 2,157.2 1,683.3 1,689.0 669.3
Stockholders' Equity 648.1 627.7 559.8 478.4 343.8 69.8 64.3
Cash Flow
Operating Cash Flow 643.7 514.9 477.2 335.5 273.5 135.4 149.5
Capital Expenditure (68.0) (47.0) (29.8) (15.0) (9.8) (12.5) (8.0)
Free Cash Flow 575.7 467.9 447.4 320.5 263.7 122.9 141.5