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RYAN Financials Ryan Specialty Holdings, Inc.

7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 20.5% per year over the past 5 years.
  • Net income has grown slower than revenue (-1.4% vs 20.5% per year).
  • Free cash flow has grown 37.5% per year over the past 5 years.

Financial health

  • Total debt ($3.4B) exceeds cash ($158M); net debt is $3.2B.
  • Total debt has grown slower than revenue (16.2% vs 20.5% per year).
  • Total debt is 6.8× EBITDA.

Shareholder returns

  • Dividends have been paid for 2 consecutive years, consuming 96.2% of earnings and 9.5% of free cash flow.
  • The dividend has declined 23.9% per year over the past 5 years.
Revenue & net income
$0 $1B $3B 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
0% 9% 18% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$70M $285M $641M $0 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $2B $3B 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$2B -$294M $1B $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $3.0B $63M 0.0% 16.5% $641M $3.4B $158M
2024 $2.5B $95M 0.0% 17.4% $515M $3.3B $540M
2023 $2.0B $61M 0.0% 17.7% $477M $2.0B $839M
2022 $1.7B $61M 0.0% 16.9% $328M $2.0B $993M
2021 — $66M — — -$70M $1.6B $1.1B
2020 — $68M — — $130M $1.6B $896M
2019 — $64M — — $149M — $402M

Valuation over time

How the market has priced RYAN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 67.9 135.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2.0 4.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 0.9 1.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is RYAN growing its revenue and profit?

Over the past 5 years, Ryan Specialty Holdings, Inc.'s revenue has grown 20.5% per year, and net income declined 1.4% per year. These are computed facts, not advice.

How much debt does RYAN have?

As of FY2025, Ryan Specialty Holdings, Inc. reported $3.4B of total debt against $158M of cash.

What is RYAN's profit margin?

In FY2025, gross margin was —, operating margin 16.5%, and net margin 2.1%.

What is RYAN's P/E ratio?

As of Jun '26, Ryan Specialty Holdings, Inc. traded at a price-to-earnings ratio of about 62.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.