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Ryan Specialty Holdings (RYAN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ryan Specialty Holdings
NYSE•Financial Services•Insurance Brokers
$43.84+0.56(0.01%)Market closed

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.

B

How this company scores

GoodMetricSide Score: 63.5/100

Strongest: Growth (21.5/25); weakest: Balance Sheet & Red Flags (5/25).

Profitability21/25
Growth21.5/25
Balance Sheet & Red Flags5/25
Cash & Earnings Quality16/25
Strengths
Strong marginsHigh ROERising earningsCash-backed earnings

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 10.7% — watch for continued compression, which may signal competitive or cost pressure.

Leverage Risk

Red Flag

D/E ratio is 8.1 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$3.20B
7Q
Q. Revenue
$775.08M
5%
TTM EBITDA
$798.18M
17%
TTM Op. Income
$507.30M
1%
Q. Op. Income
$140.83M
27%
TTM Net Income
$104.62M
51%
Q. Net Income
$36.68M
18%
EPS
N/A
Shares Out.
$0
$3.20B in TTM revenue grew 11.2% YoY, reaching $775.08M last quarter. TTM EBITDA of $798.18M and TTM operating income of $507.30M show growth is flowing through to the bottom line. TTM net income of $104.62M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
18.7%
21%
Op. Margin
18.2%
21%
Net Margin
4.7%
3Q
Op. margin of 18.2% is up 3.2% YoY — cost efficiency is improving. Net margin at 4.7% Over the past year, operating margin is up 21% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
N/A
P/B Ratio
N/A
P/S of 0.0x and P/B of 0.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$11.04B
12%
Cash
$168.81M
10%
Long-Term Debt
$3.63B
3Q
Book Value
$446.71M
3Q
D/E Ratio
8.1
3Q
Debt/EBITDA
25.0
14%
With $11.04B in assets and $3.63B in long-term debt, D/E is 8.1and book value is $446.71M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$181.31M
7%
TTM Free Cash Flow
$500.67M
12%
FCF Margin
15.7%
4Q
FCF / Net Income
4.8
3Q
TTM FCF of $500.67M on $181.31M in operating cash flow. The FCF / Net Income ratio of 4.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 12% — an improving trend.

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Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.