Symbols / RYAN Stock $34.67 +3.99% Ryan Specialty Holdings, Inc.

Financial Services • Insurance - Specialty • United States • NYQ
RYAN (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Specialty
CEO Mr. Timothy William Turner
Exch · Country NYQ · United States
Market Cap 9.15B
Enterprise Value 8.66B
Income 108.69M
Sales 3.10B
FCF (ttm) 594.97M
Book/sh 4.94
Cash/sh 1.20
Employees 6,144
Insider 10d —
IPO Jul 22, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 59.76%
P/E 42.28
Forward P/E 14.79
PEG —
P/S 2.95
P/B 7.02
P/C —
EV/EBITDA 9.69
EV/Sales 2.79
Quick Ratio 0.14
Current Ratio 1.02
Debt/Eq 307.01
LT Debt/Eq —
EPS (ttm) 0.82
EPS next Y 2.34
EPS Growth —
Revenue Growth 15.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 3.62%
ROE 22.77%
ROIC —
Gross Margin 41.77%
Oper. Margin 17.37%
Profit Margin 3.50%
Shs Outstand 129.47M
Shs Float 113.58M
Insider Own 13.76%
Instit Own 89.08%
Short Float 11.54%
Short Ratio 4.35
Short Interest 12.99M
52W High 69.49
vs 52W High -50.11%
52W Low 29.28
vs 52W Low 18.41%
Beta 0.64
Impl. Vol. 0.78%
Rel Volume 1.76
Avg Volume 2.37M
Volume 4.18M
Target (mean) $42.47
Tgt Median $39.00
Tgt Low $31.00
Tgt High $76.00
# Analysts 17
Recom Buy
Prev Close $33.34
Price $34.67
Change 3.99%
About

Ryan Specialty Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally. The company offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter or a program administrator with delegated authority from insurance carriers. It serves commercial, industrial, institutional, individual, and government sectors. The company was founded in 2010 and is headquartered in Chicago, Illinois.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$42.47
Mean price target
2. Current target
$34.67
Latest analyst target
3. DCF / Fair value
$82.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$34.67
Low
$31.00
High
$76.00
Mean
$42.47

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-09 main UBS Buy → Buy $52
2026-06-08 down Goldman Sachs Buy → Neutral $35
2026-05-21 main Morgan Stanley Overweight → Overweight $39
2026-05-04 main UBS Buy → Buy $51
2026-05-04 main Citigroup Buy → Buy $50
2026-05-01 main Piper Sandler Neutral → Neutral $35
2026-05-01 main Barclays Overweight → Overweight $39
2026-05-01 main Keefe, Bruyette & Woods Outperform → Outperform $42
2026-05-01 down Wells Fargo Overweight → Equal-Weight $31
2026-04-14 main B of A Securities Buy → Buy $68
2026-04-13 main Mizuho Neutral → Neutral $42
2026-04-09 main JP Morgan Underweight → Underweight $43
2026-04-09 main Wells Fargo Overweight → Overweight $42
2026-04-09 main Cantor Fitzgerald Neutral → Neutral $40
2026-04-08 main UBS Buy → Buy $59
2026-04-08 main Barclays Overweight → Overweight $41
2026-04-08 main Goldman Sachs Buy → Buy $49
2026-04-07 main Keefe, Bruyette & Woods Outperform → Outperform $49
2026-04-06 main Morgan Stanley Overweight → Overweight $50
2026-03-23 main Citigroup Buy → Buy $55
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-05 RYAN PATRICK G Officer, Director and Beneficial Owner — 120,000 $32.50 $3,899,736
2026-06-03 KATZ MARK STEPHEN General Counsel — 3,215 $31.07 $99,888
2026-06-03 HAMILTON JANICE M. Chief Financial Officer — 6,300 $31.79 $200,293
2026-05-29 BIENEN HENRY S Director — 8,457 $0.00 $0
2026-04-28 ROGERS JOHN W JR Director — 5,757 $0.00 $0
2026-04-28 O'HALLERAN MICHAEL D Director — 5,757 $0.00 $0
2026-04-28 COLLINS MICHELLE L Director — 5,757 $0.00 $0
2026-04-28 BOLGER DAVID P. Director — 5,757 $0.00 $0
2026-04-28 BIENEN HENRY S Director — 5,757 $0.00 $0
2026-04-28 CORNELLI FRANCESCA Director — 5,757 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
3,051.13
+21.28%
2,515.71
+21.09%
2,077.55
+20.42%
1,725.19
Operating Revenue
3,051.13
+21.28%
2,515.71
+21.09%
2,077.55
+20.42%
1,725.19
Selling General And Administration
2,256.85
+16.15%
1,943.13
+21.66%
1,597.21
+20.46%
1,325.95
General And Administrative Expense
2,256.85
+16.15%
1,943.13
+21.66%
1,597.21
+20.46%
1,325.95
Salaries And Wages
1,803.40
+13.34%
1,591.08
+20.44%
1,321.03
+17.01%
1,128.98
Other Gand A
453.45
+28.80%
352.05
+27.47%
276.18
+40.21%
196.97
Other Operating Expenses
-0.69
-104.60%
15.04
+44.90%
10.38
+104.61%
5.07
Total Expenses
2,757.94
+22.95%
2,243.16
+21.94%
1,839.62
+18.99%
1,546.00
Reconciled Depreciation
287.51
+71.52%
167.63
+44.71%
115.84
+5.99%
109.29
EBIT
515.57
+19.62%
431.00
+20.58%
357.43
+25.85%
284.02
Total Unusual Items
-13.12
-157.40%
22.86
+521.67%
-5.42
-1126.47%
-0.44
Total Unusual Items Excluding Goodwill
-13.12
-157.40%
22.86
+521.67%
-5.42
-1126.47%
-0.44
Special Income Charges
-13.12
-157.40%
22.86
+521.67%
-5.42
-1126.47%
-0.44
Restructuring And Mergern Acquisition
13.12
+157.40%
-22.86
-521.67%
5.42
+1126.47%
0.44
Net Income
63.40
-33.03%
94.67
+55.09%
61.04
-0.02%
61.05
Pretax Income
293.18
+7.57%
272.55
+14.55%
237.93
+32.78%
179.19
Net Non Operating Interest Income Expense
-222.38
-40.35%
-158.45
-32.58%
-119.51
-14.00%
-104.83
Interest Expense Non Operating
222.38
+40.35%
158.45
+32.58%
119.51
+14.00%
104.83
Net Interest Income
-222.38
-40.35%
-158.45
-32.58%
-119.51
-14.00%
-104.83
Interest Expense
222.38
+40.35%
158.45
+32.58%
119.51
+14.00%
104.83
Tax Provision
79.03
+85.33%
42.64
-1.85%
43.45
+172.64%
15.94
Tax Rate For Calcs
0.00
+71.97%
0.00
-13.74%
0.00
+104.49%
0.00
Tax Effect Of Unusual Items
-3.54
-198.72%
3.59
+463.75%
-0.99
-2408.06%
-0.04
Net Income Including Noncontrolling Interests
214.16
-6.85%
229.91
+18.22%
194.48
+19.13%
163.26
Net Income From Continuing Operation Net Minority Interest
63.40
-33.03%
94.67
+55.09%
61.04
-0.02%
61.05
Net Income From Continuing And Discontinued Operation
63.40
-33.03%
94.67
+55.09%
61.04
-0.02%
61.05
Net Income Continuous Operations
214.16
-6.85%
229.91
+18.22%
194.48
+19.13%
163.26
Minority Interests
-150.76
-11.47%
-135.25
-1.35%
-133.44
-30.56%
-102.20
Normalized Income
72.98
-3.21%
75.39
+15.16%
65.47
+6.54%
61.45
Net Income Common Stockholders
63.40
-33.03%
94.67
+55.12%
61.03
-1.34%
61.86
Otherunder Preferred Stock Dividend
—
—
0.01
+101.24%
-0.81
Diluted EPS
0.47
-33.80%
0.71
+36.54%
0.52
+0.00%
0.52
Basic EPS
0.50
-35.90%
0.78
+47.17%
0.53
-7.02%
0.57
Basic Average Shares
129.60
+3.34%
125.41
+9.66%
114.36
+1.71%
112.44
Diluted Average Shares
279.03
+0.99%
276.29
+119.72%
125.75
-52.68%
265.75
Diluted NI Availto Com Stockholders
64.33
-32.23%
94.92
+45.56%
65.21
-52.53%
137.37
Average Dilution Earnings
0.93
+263.14%
0.26
-93.91%
4.18
-94.46%
75.51
Amortization
274.43
+73.86%
157.84
+47.80%
106.80
+3.09%
103.60
Depreciation And Amortization In Income Statement
287.51
+71.52%
167.63
+44.71%
115.84
+5.99%
109.29
Depreciation Income Statement
13.09
+33.77%
9.79
+8.27%
9.04
+58.84%
5.69
Line Item Trend 2023-12-31
Total Assets
7,247.21
Cash Cash Equivalents And Short Term Investments
838.79
Cash And Cash Equivalents
838.79
Receivables
3,462.32
Accounts Receivable
20.56
Other Receivables
3,441.76
Prepaid Assets
49.58
Net PPE
170.13
Goodwill And Other Intangible Assets
2,257.15
Goodwill
1,646.48
Other Intangible Assets
610.67
Investments And Advances
46.10
Long Term Equity Investment
46.10
Total Liabilities Net Minority Interest
6,267.56
Payables And Accrued Expenses
136.34
Employee Benefits
444.48
Current Debt And Capital Lease Obligation
56.74
Current Debt
35.38
Other Current Borrowings
35.38
Current Capital Lease Obligation
21.37
Long Term Debt And Capital Lease Obligation
2,098.29
Long Term Debt
1,943.84
Long Term Capital Lease Obligation
154.46
Non Current Deferred Liabilities
0.06
Non Current Deferred Taxes Liabilities
0.06
Preferred Securities Outside Stock Equity
—
Stockholders Equity
559.75
Common Stock Equity
559.75
Capital Stock
0.26
Common Stock
0.26
Preferred Stock
0.00
Share Issued
118.59
Ordinary Shares Number
118.59
Treasury Shares Number
0.00
Additional Paid In Capital
442.00
Retained Earnings
114.42
Gains Losses Not Affecting Retained Earnings
3.08
Minority Interest
419.89
Other Equity Adjustments
3.08
Total Equity Gross Minority Interest
979.64
Total Capitalization
2,503.59
Invested Capital
2,538.97
Total Debt
2,155.04
Net Debt
1,140.42
Capital Lease Obligations
175.83
Net Tangible Assets
-1,697.40
Tangible Book Value
-1,697.40
Investments In Other Ventures Under Equity Method
46.10
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
643.67
+25.02%
514.87
+7.89%
477.20
+42.23%
335.51
Cash Flow From Continuing Operating Activities
643.67
+25.02%
514.87
+7.89%
477.20
+42.23%
335.51
Net Income From Continuing Operations
214.16
-6.85%
229.91
+18.22%
194.48
+19.13%
163.26
Depreciation
13.09
+33.77%
9.79
+8.27%
9.04
+58.84%
5.69
Amortization Cash Flow
274.43
+73.86%
157.84
+47.80%
106.80
+3.09%
103.60
Depreciation And Amortization
287.51
+71.52%
167.63
+44.71%
115.84
+5.99%
109.29
Amortization Of Intangibles
274.43
+73.86%
157.84
+47.80%
106.80
+3.09%
103.60
Other Non Cash Items
38.78
+25.77%
30.83
+152.90%
12.19
-57.71%
28.83
Stock Based Compensation
69.45
-12.08%
79.00
+13.27%
69.74
-9.99%
77.48
Deferred Tax
75.76
+212.81%
24.22
-33.94%
36.66
+152.15%
14.54
Deferred Income Tax
75.76
+212.81%
24.22
-33.94%
36.66
+152.15%
14.54
Operating Gains Losses
-21.24
-16.48%
-18.23
-108.81%
-8.73
-2208.94%
0.41
Change In Working Capital
-37.28
-26.90%
-29.38
-177.52%
37.90
+150.53%
-74.99
Change In Receivables
-57.56
-161.55%
-22.01
+50.19%
-44.19
-116.91%
-20.37
Changes In Account Receivables
—
—
—
-20.37
Change In Payables And Accrued Expense
9.36
-53.97%
20.34
+2077.41%
0.93
-87.99%
7.78
Change In Accrued Expense
9.36
-53.97%
20.34
+2077.41%
0.93
-87.99%
7.78
Change In Other Working Capital
—
-27.71
-134.14%
81.15
+230.05%
-62.39
Change In Other Current Assets
1.25
+106.07%
-20.67
-458.01%
5.77
—
Change In Other Current Liabilities
9.66
+237.33%
-7.04
-109.34%
75.37
—
Investing Cash Flow
-834.01
+52.50%
-1,755.74
-268.67%
-476.23
-2024.13%
-22.42
Cash Flow From Continuing Investing Activities
-834.01
+52.50%
-1,755.74
-268.67%
-476.23
-2024.13%
-22.42
Net PPE Purchase And Sale
—
—
—
—
Sale Of PPE
—
—
—
—
Capital Expenditure
-67.95
-44.58%
-47.00
-57.85%
-29.78
-97.94%
-15.04
Capital Expenditure Reported
-67.95
-44.58%
-47.00
-57.85%
-29.78
-97.94%
-15.04
Net Business Purchase And Sale
-763.05
+55.34%
-1,708.74
-282.54%
-446.68
0.00
Purchase Of Business
-763.05
+55.34%
-1,708.74
-282.54%
-446.68
0.00
Net Other Investing Changes
-3.01
—
0.23
+103.09%
-7.38
Financing Cash Flow
78.12
-93.31%
1,166.86
+9353.43%
-12.61
-104.01%
314.76
Cash Flow From Continuing Financing Activities
78.12
-93.31%
1,166.86
+9353.43%
-12.61
-104.01%
314.76
Net Issuance Payments Of Debt
54.40
-95.77%
1,286.78
+7898.64%
-16.50
-104.37%
377.46
Issuance Of Debt
1,333.33
-47.61%
2,545.03
0.00
-100.00%
394.00
Repayment Of Debt
-1,278.93
-1.64%
-1,258.25
-7525.76%
-16.50
+0.22%
-16.54
Long Term Debt Issuance
1,333.33
-47.61%
2,545.03
0.00
-100.00%
394.00
Long Term Debt Payments
-1,278.93
-1.64%
-1,258.25
-7525.76%
-16.50
+0.22%
-16.54
Net Long Term Debt Issuance
54.40
-95.77%
1,286.78
+7898.64%
-16.50
-104.37%
377.46
Short Term Debt Issuance
—
—
—
0.00
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
—
—
0.00
0.00
Common Stock Payments
—
—
0.00
0.00
Common Stock Dividend Paid
-62.34
+22.31%
-80.24
0.00
0.00
Cash Dividends Paid
-62.34
+22.31%
-80.24
0.00
0.00
Repurchase Of Capital Stock
-3.73
-75.26%
-2.13
0.00
0.00
Net Other Financing Charges
89.79
+339.10%
-37.55
-1065.35%
3.89
+109.88%
-39.38
Changes In Cash
-112.23
-51.64%
-74.01
-536.01%
-11.64
-101.85%
627.85
Effect Of Exchange Rate Changes
15.89
+1149.87%
-1.51
-359.25%
0.58
+563.49%
-0.13
Beginning Cash Position
1,680.81
-4.30%
1,756.33
-0.63%
1,767.38
+55.08%
1,139.66
End Cash Position
1,584.47
-5.73%
1,680.81
-4.30%
1,756.33
-0.63%
1,767.38
Free Cash Flow
575.71
+23.05%
467.87
+4.57%
447.43
+39.62%
320.47
Interest Paid Supplemental Data
196.04
+43.14%
136.95
+6.68%
128.38
+45.06%
88.50
Income Tax Paid Supplemental Data
14.34
-47.52%
27.33
+66.64%
16.40
+46.10%
11.23
Amortization Of Securities
6.96
+0.00%
6.96
+0.00%
6.96
+50.02%
4.64
Change In Interest Payable
9.36
-53.97%
20.34
+2077.41%
0.93
-87.99%
7.78
Common Stock Issuance
—
—
0.00
0.00
Earnings Losses From Equity Investments
-21.24
-16.48%
-18.23
-108.81%
-8.73
-2208.94%
0.41
Interest Paid CFF
—
0.00
0.00
+100.00%
-23.33
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
-3.73
-75.26%
-2.13
0.00
0.00
Preferred Stock Payments
-3.73
-75.26%
-2.13
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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