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%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 795.2 751.2 754.6 855.2 690.2 663.5 604.7 695.4 552.0 532.9 501.9 585.1 457.6 435.0 412.0 491.3 386.9 378.5 352.8 390.0 311.5 326.9 236.8 246.3 208.2
Cost of Revenue 69.4 73.5 395.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 725.8 677.7 359.0 855.2 690.2 663.5 604.7 695.4 552.0 532.9 501.9 585.1 457.6 435.0 412.0 491.3 386.9 378.5 352.8 390.0 311.5 326.9 236.8 246.3 208.2
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 122.8 117.6 592.3 536.3 514.8 481.9 497.0 449.4 405.3 398.5 434.0 359.4 327.7 323.1 358.6 316.6 295.8 325.3 267.5 242.0 250.7 194.4 178.7 169.8
Other Expenses 581.7 420.0 85.8 125.1 102.8 79.7 103.1 61.7 55.5 68.4 62.9 55.7 55.4 55.7 56.2 51.5 56.7 47.4 65.4 56.8 71.0 76.9 28.7 16.2 23.5
Operating Expenses 581.7 542.8 203.4 717.4 639.1 594.5 585.0 558.7 504.9 473.7 461.4 489.7 414.8 383.4 379.3 410.0 373.3 343.2 390.7 324.3 313.0 327.6 223.1 194.9 193.3
Operating Income
Operating Income 144.1 134.9 155.6 137.7 51.0 69.0 19.7 136.7 47.1 59.2 40.5 95.5 42.8 51.6 32.7 81.3 13.6 35.4 (38.0) 65.7 (1.6) (0.6) 13.7 51.5 14.9
Interest Expense 53.7 53.2 56.3 58.3 54.5 48.5 49.4 31.1 29.4 29.7 31.5 28.9 29.5 29.4 28.9 24.8 21.8 19.1 21.2 19.0 20.0 20.9 10.9 6.8 8.7
Interest Income 12.3 13.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 170.2 171.3 192.3 268.6 173.2 180.7 110.7 200.7 106.6 119.0 103.8 150.9 99.6 107.8 88.7 133.6 63.2 81.5 11.4 113.3 47.5 50.4 41.2 68.2 34.4
EBIT 100.8 97.8 118.5 196.1 105.5 117.6 69.1 167.9 76.5 88.8 72.0 124.3 72.2 81.0 61.6 106.1 35.3 54.5 (16.8) 84.7 18.5 20.3 24.6 58.2 23.6
Income Before Tax 47.1 44.6 59.8 137.7 51.0 69.0 19.7 136.7 47.1 59.2 40.5 95.5 42.8 51.6 32.7 81.3 13.6 35.4 (38.0) 65.7 (1.6) (0.6) 13.7 51.5 14.9
Income Tax Expense 6.5 13.4 (2.8) 13.0 55.4 26.5 (9.0) 18.7 6.4 0.7 24.8 11.7 6.3 5.9 3.4 11.2 (4.5) 5.7 (5.4) 2.3 2.2 2.9 2.9 1.6 1.6
Net Income 40.6 8.0 31.1 52.0 (27.6) 13.8 17.6 46.8 16.5 22.8 (5.0) 30.1 13.2 17.9 11.7 24.5 6.9 10.1 (1.3) 63.4 (6.3) (4.4) 10.2 49.9 12.3
Per Share Data
EPS (Basic) 0.31 0.06 0.24 0.41 -0.22 0.12 0.21 0.38 0.14 0.20 -0.04 0.27 0.33 0.41 0.27 0.24 0.17 -0.57 -0.16 0.60 -0.06 -0.04 0.10 0.47 0.12
EPS (Diluted) 0.31 0.03 0.11 0.19 -0.22 0.05 0.09 0.17 0.06 0.19 -0.04 0.26 0.28 0.17 0.11 0.22 0.07 -0.55 -0.16 0.60 -0.06 -0.04 0.10 0.47 0.12
Shares Outstanding 129.6 129.6 127.9 126.5 126.0 125.4 121.9 118.4 117.8 115.1 115.9 112.9 111.0 112.4 109.4 111.2 106.6 109.9 105.3 106.5 106.5 106.5 106.5 106.5 106.5
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q1
Current Assets
Cash & Cash Equivalents 154.7 158.3 153.5 172.6 203.5 540.2 235.2 612.4 665.4 838.8 754.4 966.0 704.7 992.7 833.1 866.7 706.4 387.0 413.7 307.5 159.2 312.7 (52.0)
Short-Term Investments 0 0 3.1 7.0 9.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 104.0
Net Receivables 565.3 489.0 4,227.7 5,030.8 4,347.4 4,173.8 334.6 384.4 299.2 294.2 238.8 301.2 234.8 231.4 187.3 245.4 190.2 210.9 172.3 207.9 159.0 177.7 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 4,858.9 0 0 0 0 (4,792.4) (623.8) (1,031.0) (998.1) 3,153.0 2,558.5 3,366.5 2,506.4 2,640.3 2,151.7 2,821.4 2,126.2 2,392.0 1,917.2 2,303.4 1,812.0 1,994.2 0
Total Current Assets 5,578.8 647.3 4,463.6 5,281.3 4,624.9 0 0 0 0 4,335.6 3,586.4 4,659.4 3,468.9 3,894.1 3,199.6 3,955.4 3,040.6 3,011.0 2,530.9 2,841.1 2,149.4 2,493.3 52.0
Non-Current Assets
Property, Plant & Equipment 191.9 199.9 204.3 200.7 192.0 183.5 168.3 167.7 164.3 170.1 164.0 169.0 173.5 175.1 158.0 148.0 114.3 100.2 95.3 102.5 106.1 111.4 0
Goodwill 3,217.4 3,225.0 3,129.9 3,085.2 3,024.3 2,646.7 2,341.3 1,814.8 1,647.3 1,646.5 1,581.8 1,379.1 1,379.2 1,315.0 1,314.3 1,313.4 1,314.3 1,309.3 1,224.0 1,224.3 1,224.2 1,224.2 0
Intangible Assets 127.1 119.6 1,619.9 1,635.7 1,652.7 1,475.7 1,352.7 672.8 591.8 610.7 591.9 493.9 514.6 486.4 501.3 524.8 549.1 573.9 527.8 552.9 578.3 604.8 0
Long-Term Investments 116.4 110.0 101.8 96.0 72.4 70.9 75.6 88.2 89.4 75.8 92.1 90.8 78.4 84.4 38.5 40.5 41.8 45.4 47.1 46.9 46.6 47.2 0
Other Non-Current Assets 1,474.4 5,952.2 14.2 15.5 14.8 (4,376.7) (3,938.0) (2,743.5) (2,875.3) 408.6 409.6 443.7 432.5 428.7 476.3 460.2 425.4 418.9 433.4 39.5 45.7 48.5 (52.0)
Total Non-Current Assets 5,432.8 9,916.9 5,388.2 5,344.4 5,265.1 0 0 0 0 2,911.6 2,839.4 2,576.4 2,578.0 2,489.7 2,488.4 2,487.0 2,445.0 2,447.7 2,327.5 1,966.1 2,000.9 2,036.0 (52.0)
Total Assets 11,011.6 10,564.2 9,851.9 10,625.8 9,890.0 9,649.9 8,478.5 8,272.4 7,116.5 7,247.2 6,425.9 7,235.8 6,047.0 6,383.7 5,688.0 6,442.4 5,485.6 5,458.7 4,858.5 4,807.1 4,150.3 4,529.4 0
Current Liabilities
Account Payables 0 217.3 0 0 0 0 182.0 114.4 174.8 127.4 96.2 91.0 63.0 87.0 71.4 71.0 84.0 83.9 48.5 50.2 60.6 70.2 0
Short-Term Debt 62.6 60.2 41.8 61.7 36.2 51.7 33.3 33.0 39.4 35.4 35.6 30.6 22.5 30.6 29.1 28.9 22.6 23.4 26.7 22.5 21.8 19.0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 5,393.4 (217.3) 37.7 41.3 38.9 39.9 3,381.2 4,108.4 3,237.3 3,560.2 2,539.8 3,332.6 2,486.2 2,643.6 2,157.5 2,826.3 2,141.1 2,405.7 1,930.7 2,438.9 1,852.5 2,014.1 0
Total Current Liabilities 5,456.0 86.2 540.6 645.9 384.8 649.4 3,965.9 4,696.1 3,677.4 3,744.3 2,981.8 3,827.5 2,766.6 3,134.4 2,517.8 3,347.3 2,505.3 2,918.1 2,360.7 2,846.0 2,154.7 2,472.8 0
Non-Current Liabilities
Long-Term Debt 3,680.1 3,291.5 3,349.4 3,410.4 3,652.8 3,231.1 2,646.6 1,940.9 1,942.5 1,943.8 1,945.5 1,948.8 1,950.3 1,951.8 1,953.4 1,955.0 1,956.6 1,566.6 1,568.3 1,570.2 1,571.9 1,566.1 0
Deferred Tax Liabilities 47.4 49.8 37.7 41.3 38.9 39.9 21.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 609.2 5,729.6 4,533.0 5,188.6 4,600.4 4,471.9 594.9 412.8 374.1 425.0 400.3 353.7 327.0 327.7 324.1 313.3 307.8 304.8 288.2 80.1 89.1 86.4 0
Total Non-Current Liabilities 4,336.6 9,223.9 8,079.4 8,797.7 8,447.9 7,902.2 3,411.1 2,503.0 2,464.4 2,523.3 2,502.8 2,464.4 2,428.8 2,431.6 2,412.6 2,393.6 2,356.3 1,945.8 1,926.5 1,726.4 1,739.6 1,736.3 0
Total Liabilities 9,792.6 9,310.1 8,620.0 9,443.6 8,832.7 8,551.6 7,377.0 7,199.2 6,141.7 6,267.6 5,484.6 6,291.9 5,195.4 5,565.9 4,930.4 5,740.9 4,861.6 4,863.9 4,287.2 4,572.4 3,894.3 4,209.2 0
Stockholders' Equity
Common Stock 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 346.6 343.6 0 0
Retained Earnings 120.5 120.4 128.8 115.4 79.3 122.9 125.0 121.6 88.5 114.4 92.2 97.2 67.1 54.0 36.1 24.3 (0.2) (7.1) (17.1) (369.6) (418.9) 0 0
Accumulated Other Comprehensive Income 9.4 13.8 11.1 15.4 4.5 (1.8) 7.1 5.9 6.1 3.1 8.2 8.5 4.3 6.0 4.4 (1.3) 0.4 1.7 1.8 2.4 1.6 69.8 (75.4)
Total Stockholders' Equity 636.2 648.1 630.5 610.1 542.5 627.7 632.8 605.9 554.4 559.8 543.0 558.9 508.6 478.4 442.7 409.3 371.9 343.8 328.9 234.7 256.1 318.9 63.2
Total Liabilities & Equity 11,011.6 10,564.2 9,851.9 10,625.8 9,890.0 9,649.9 8,478.5 8,272.4 7,116.5 7,247.2 6,425.9 7,235.8 6,047.0 6,383.7 5,688.0 6,442.4 5,485.6 5,458.7 4,858.5 4,807.1 4,150.3 4,529.4 63.2
Debt Metrics
Total Debt 3,742.7 3,530.7 3,575.0 3,652.9 3,867.0 3,464.2 2,849.8 2,143.5 2,149.2 2,155.0 2,158.0 2,160.4 2,144.6 2,157.2 2,136.8 2,127.6 2,089.4 1,683.3 1,683.9 1,688.7 1,692.4 1,689.0 0
Net Debt 3,588.0 3,372.4 3,421.5 3,480.3 3,663.5 2,924.0 2,614.6 1,531.0 1,483.8 1,316.2 1,403.6 1,194.4 1,439.9 1,164.5 1,303.6 1,260.9 1,383.1 1,296.3 1,270.2 1,381.2 1,533.2 1,376.3 52.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 40.6 8.0 62.6 52.0 (4.4) 42.6 28.6 118.0 40.7 58.5 (5.0) 30.1 13.2 17.9 29.3 70.1 6.9 10.1 (32.6) 63.4 (3.8) (3.5) 10.8 49.9 13.3
Depreciation & Amortization 69.4 82.6 73.8 72.6 67.6 63.1 41.6 32.8 30.1 30.1 41.7 36.9 36.4 52.9 27.1 27.5 30.7 29.8 28.2 28.5 29.0 30.1 16.7 10.0 10.8
Stock-Based Compensation 17.4 18.5 11.2 0 19.9 17.3 23.5 20.9 17.3 15.6 8.3 18.6 17.9 16.4 18.1 19.8 23.2 39.6 39.3 3.2 4.4 4.4 2.2 1.5 2.7
Change in Working Capital (308.5) 121.4 10.3 117.8 (286.7) 106.4 (7.6) 79.1 (207.2) 113.6 12.6 160.5 (248.8) 86.4 (113.2) 99.0 (147.2) 21.4 (6.6) 70.6 (114.9) 91.3 (103.2) 34.0 (61.9)
Other Non-Cash Items 10.6 32.8 9.4 111.2 10.0 4.7 31.8 6.5 0.5 5.2 48.0 57.9 22.1 10.9 13.5 13.0 20.9 18.2 24.2 16.8 10.6 10.6 7.7 4.8 3.1
Operating Cash Flow (167.4) 263.2 169.7 353.6 (142.8) 259.6 100.9 270.8 (116.5) 226.9 105.5 304.0 (159.2) 184.5 (13.7) 230.2 (65.5) 119.1 46.7 182.5 (74.8) 133.1 (66.1) 100.4 (32.0)
Investing Activities
Capital Expenditure (13.3) (17.3) (14.1) (19.8) (16.7) (17.3) (7.1) (15.0) (7.6) (13.8) (10.7) (2.6) (2.8) (10.7) (5.2) (4.6) (2.2) (3.4) (2.5) (1.7) (2.2) (1.9) (2.7) (2.5) (5.3)
Acquisitions 0 (109.6) (71.8) (9.5) (555.6) (452.0) (1,042.6) (214.1) 0 (80.5) (262.2) (1.9) (102.1) 0 0 0 0 (108.9) 0 0 0 (6.3) (808.5) 0 (23.5)
Purchases of Investments 0 0 0 (16.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 (2.3) 0 (0.7) 0 0 0 0 0 0.2 0.0 0 0 0.3 0.5 (0.5) (0.3) (342.8) 3.8 0 (3.1) (1.9) (0.1) (9.4)
Investing Cash Flow (13.3) (126.8) (88.2) (45.9) (573.0) (469.3) (1,049.7) (229.1) (7.6) (94.3) (272.7) (4.4) (104.9) (10.7) (4.9) (4.1) (2.7) (112.5) (345.3) 2.1 (2.2) (11.3) (813.2) (2.7) (38.2)
Financing Activities
Net Debt Issuance 241.3 (56.9) (68.0) (241.9) 419.8 592.2 702.8 (8.2) 0 (4.1) (4.1) (4.1) (4.1) (4.1) (4.1) (4.1) 389.9 (4.1) (5.3) (8.3) (0.0) (4.4) 973.1 (65.5) 148.3
Stock Repurchased (40.0) (1.0) 0 0 0 0 0 0 0 (1.7) (5.2) (1.5) (0.4) (0.3) (5.8) (1.0) (0.1) (7.1) (1,042.2) (3.9) 0 (7.6) (5.8) (7.1) (32.0)
Dividends Paid (16.8) (15.5) (16.3) (50.2) (15.1) (13.7) (13.5) (13.0) (40.0) (19.0) (18.1) (34.3) (0.3) (7.2) (6.5) (26.0) (0.2) (0.1) 0 (23.8) (23.2) (4.4) (32.1) (1.0) (12.6)
Other Financing Activities (98.2) 146.2 (144.7) 189.8 (67.8) (36.9) (136.1) 103.7 31.7 25.2 (173.5) 186.1 (25.1) 66.1 (108.8) 102.2 (80.8) 94.5 (120.4) 154.7 (114.9) (8.1) 48.5 (0.0) 0
Financing Cash Flow 86.3 72.8 (229.1) (102.5) 336.8 541.5 553.2 82.4 (10.2) 19.3 (182.8) 180.4 (29.6) 54.4 (119.4) 71.0 308.7 83.2 365.5 118.7 (138.2) (24.5) 983.7 (73.7) 103.6
Cash Position
Net Change in Cash (99.6) 210.6 (144.9) (31.0) (368.9) 324.7 (388.0) 122.8 (135.0) 153.3 (350.1) 479.3 (293.6) 229.4 (139.7) 296.7 241.4 90.4 66.0 303.6 (216.0) 99.9 105.5 24.2 31.1
Cash at Beginning 1,584.5 1,373.9 1,518.8 203.5 1,680.8 1,356.1 1,744.1 1,621.3 1,756.3 1,603 1,953.1 1,473.8 1,767.4 1,538.0 1,677.7 1,381.0 1,139.7 1,049.3 983.3 679.7 895.7 212.8 107.3 83.1 52.0
Cash at End 1,484.9 1,584.5 1,373.9 172.6 1,311.9 1,680.8 1,356.1 1,744.1 1,621.3 1,756.3 1,603 1,953.1 1,473.8 1,767.4 1,538.0 1,677.7 1,381.0 1,139.7 1,049.3 983.3 679.7 312.7 212.8 107.3 83.1
Free Cash Flow (180.7) 246.0 155.5 333.8 (159.6) 242.3 93.8 255.8 (124.2) 213.1 94.8 301.5 (162.0) 173.8 (19.0) 225.6 (67.7) 115.8 44.2 180.8 (77.0) 131.2 (68.8) 97.8 (37.3)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 795.2 751.2 754.6 855.2 690.2 663.5 604.7 695.4 552.0 532.9 501.9 585.1 457.6 435.0 412.0 491.3 386.9 378.5 352.8 390.0 311.5 326.9 236.8 246.3 208.2
Gross Profit 725.8 677.7 359.0 855.2 690.2 663.5 604.7 695.4 552.0 532.9 501.9 585.1 457.6 435.0 412.0 491.3 386.9 378.5 352.8 390.0 311.5 326.9 236.8 246.3 208.2
Operating Income 144.1 134.9 155.6 137.7 51.0 69.0 19.7 136.7 47.1 59.2 40.5 95.5 42.8 51.6 32.7 81.3 13.6 35.4 (38.0) 65.7 (1.6) (0.6) 13.7 51.5 14.9
Net Income 40.6 8.0 31.1 52.0 (27.6) 13.8 17.6 46.8 16.5 22.8 (5.0) 30.1 13.2 17.9 11.7 24.5 6.9 10.1 (1.3) 63.4 (6.3) (4.4) 10.2 49.9 12.3
EPS (Diluted) 0.31 0.03 0.11 0.19 -0.22 0.05 0.09 0.17 0.06 0.19 -0.04 0.26 0.28 0.17 0.11 0.22 0.07 -0.55 -0.16 0.60 -0.06 -0.04 0.10 0.47 0.12
Balance Sheet
Cash & Equivalents 154.7 158.3 153.5 172.6 203.5 540.2 235.2 612.4 665.4 838.8 754.4 966.0 704.7 992.7 833.1 866.7 706.4 387.0 413.7 307.5 159.2 312.7 (52.0)
Total Assets 11,011.6 10,564.2 9,851.9 10,625.8 9,890.0 9,649.9 8,478.5 8,272.4 7,116.5 7,247.2 6,425.9 7,235.8 6,047.0 6,383.7 5,688.0 6,442.4 5,485.6 5,458.7 4,858.5 4,807.1 4,150.3 4,529.4 0
Total Debt 3,742.7 3,530.7 3,575.0 3,652.9 3,867.0 3,464.2 2,849.8 2,143.5 2,149.2 2,155.0 2,158.0 2,160.4 2,144.6 2,157.2 2,136.8 2,127.6 2,089.4 1,683.3 1,683.9 1,688.7 1,692.4 1,689.0 0
Stockholders' Equity 636.2 648.1 630.5 610.1 542.5 627.7 632.8 605.9 554.4 559.8 543.0 558.9 508.6 478.4 442.7 409.3 371.9 343.8 328.9 234.7 256.1 318.9 63.2
Cash Flow
Operating Cash Flow (167.4) 263.2 169.7 353.6 (142.8) 259.6 100.9 270.8 (116.5) 226.9 105.5 304.0 (159.2) 184.5 (13.7) 230.2 (65.5) 119.1 46.7 182.5 (74.8) 133.1 (66.1) 100.4 (32.0)
Capital Expenditure (13.3) (17.3) (14.1) (19.8) (16.7) (17.3) (7.1) (15.0) (7.6) (13.8) (10.7) (2.6) (2.8) (10.7) (5.2) (4.6) (2.2) (3.4) (2.5) (1.7) (2.2) (1.9) (2.7) (2.5) (5.3)
Free Cash Flow (180.7) 246.0 155.5 333.8 (159.6) 242.3 93.8 255.8 (124.2) 213.1 94.8 301.5 (162.0) 173.8 (19.0) 225.6 (67.7) 115.8 44.2 180.8 (77.0) 131.2 (68.8) 97.8 (37.3)