Homepage
Financial Services · Insurance - Specialty · United States · Updated May 11, 6:04am
$31.31
Price
$4.1B
Market Cap
5,556
Employees
0.68
Beta
Timothy William Turner
CEO
Business Description
Ryan Specialty Group Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter. The company was founded in 2010 and is headquartered in Chicago, Illinois.
Business History
Price Overview
Last updated: May 11, 2026 1:55pm (just now)$31.90
+0.59 (+1.87%)
Day Range
$31.10 – $32.44
52-Week Range
$29.28 – $72.50
50-Day MA
$35.15
200-Day MA
$48.90
Volume
1,915,392.00
Analyst Price Targets
Low
$31.00
Consensus
$41.56
High
$64.00
(42 analysts)
Share Structure
Outstanding
129,414,225.00
Float
113,711,864.00
Free Float
87.9%
High free float
— 87.9% of shares trade freely, ~12.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
31.40
Stock Price: $31.31
EPS (Diluted): 0.50
EPS (Diluted): 0.50
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
10.14
Stock Price: $31.31
Total Equity: $648.07M
Shares: 278,506,000
Total Equity: $648.07M
Shares: 278,506,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.62
Market Cap: $4.05B
Total Debt: $3.35B
Cash: $158.32M
EBITDA: $803.08M
Total Debt: $3.35B
Cash: $158.32M
EBITDA: $803.08M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$9.9B
Market Cap: $4.05B
Total Debt: $3.35B
Cash: $158.32M
Total Debt: $3.35B
Cash: $158.32M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
90.6%
Gross Profit: $2.76B
Revenue: $3.05B
Revenue: $3.05B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
20.5%
Operating Income: $625.23M
Revenue: $3.05B
Revenue: $3.05B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
2.1%
Net Income: $63.40M
Revenue: $3.05B
Revenue: $3.05B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
20.9%
Net Income: $63.40M
Total Equity: $648.07M
Total Equity: $648.07M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
9.1%
Operating Income: $625.23M
Tax Rate: 27.0%
Equity: $648.07M
Total Debt: $3.35B
Cash: $158.32M
Tax Rate: 27.0%
Equity: $648.07M
Total Debt: $3.35B
Cash: $158.32M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
7.51
Current Assets: $647.27M
Current Liabilities: $86.17M
Current Liabilities: $86.17M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
5.17
Short-Term Debt: $60.19M
Long-Term Debt: $3.29B
Total Debt: $3.35B
Total Equity: $648.07M
Long-Term Debt: $3.29B
Total Debt: $3.35B
Total Equity: $648.07M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$10.96
Revenue: $3.05B
Shares: 278,506,000
Shares: 278,506,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$2.33
Total Equity: $648.07M
Shares: 278,506,000
Shares: 278,506,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.07
Operating CF: $643.67M
CapEx: -$67.95M
Shares: 278,506,000
CapEx: -$67.95M
Shares: 278,506,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.9%
Last Dividend: N/A
Stock Price: $31.31
Stock Price: $31.31
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $63.40M
Net Income: $63.40M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares RYAN against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.7B | $2.1B | $2.5B | $3.1B |
| Cost of Revenue | $0 | $0 | $0 | $0 | $287.5M |
| Gross Profit | $1.4B | $1.7B | $2.1B | $2.5B | $2.8B |
| Operating Expenses | $1.4B | $1.5B | $1.8B | $2.2B | $2.1B |
| Operating Income | $61.6M | $179.2M | $237.9M | $272.6M | $625.2M |
| Net Income | $65.9M | $61.1M | $61.0M | $94.7M | $63.4M |
| EBITDA | $253.6M | $393.3M | $473.3M | $598.6M | $803.1M |
| EPS | $-0.07 | $0.56 | $0.57 | $0.78 | $0.50 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $387.0M | $992.7M | $838.8M | $540.2M | $158.3M |
| Total Current Assets | $3.0B | $3.9B | $4.4B | $4.8B | $647.3M |
| Total Assets | $5.5B | $6.4B | $7.2B | $9.6B | $10.6B |
| Current Liabilities | $433.6M | $414.3M | $501.3M | $649.4M | $86.2M |
| Long-Term Debt | $1.6B | $2.0B | $1.9B | $3.2B | $3.3B |
| Total Liabilities | $4.9B | $5.6B | $6.3B | $8.6B | $9.3B |
| Total Equity | $343.8M | $478.4M | $559.8M | $627.7M | $648.1M |
| Retained Earnings | -$7.1M | $54.0M | $114.4M | $122.9M | $120.4M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $273.5M | $335.5M | $477.2M | $514.9M | $643.7M |
| Capital Expenditure | -$9.8M | -$15.0M | -$29.8M | -$47.0M | -$68.0M |
| Free Cash Flow | $263.7M | $320.5M | $447.4M | $467.9M | $575.7M |
| Acquisitions (net) | -$108.9M | $0 | -$446.7M | -$1.7B | -$746.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$967.8M | -$7.2M | -$8.8M | -$27.5M | -$3.7M |
| Net Change in Cash | $244.0M | $627.7M | -$11.1M | -$75.5M | -$96.3M |
Analyst Estimates (Annual)
| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$3.1B $3.1B – $3.1B
|
$3.3B $3.2B – $3.4B
|
$3.6B $3.4B – $3.7B
|
$3.9B $3.9B – $4.0B
|
| EBITDA |
$697.9M $693.4M – $700.2M
|
$742.7M $727.0M – $762.8M
|
$805.5M $781.3M – $838.4M
|
$890.7M $882.2M – $899.2M
|
| Net Income |
$560.1M $554.5M – $565.6M
|
$576.8M $545.7M – $607.8M
|
$655.6M $605.6M – $705.7M
|
$752.6M $518.5M – $986.8M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +20.4% | +20.4% | +21.1% | +21.3% |
| Gross Profit Growth | +20.4% | +20.4% | +21.1% | +9.9% |
| Operating Income Growth | +191.1% | +32.8% | +14.6% | +129.4% |
| Net Income Growth | -7.3% | 0.0% | +55.1% | -33.0% |
| EBITDA Growth | +55.1% | +20.3% | +26.5% | +34.2% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-05 | TURNER TIMOTHY WILLIAM | A-Award | 168,577.00 | $29.66 | $5.0M |
| 2026-05-05 | MULSHINE BRENDAN MARTIN | A-Award | 33,715.00 | $29.66 | $999,987 |
| 2026-05-05 | KATZ MARK STEPHEN | A-Award | 33,715.00 | $29.66 | $999,987 |
| 2026-05-05 | Wuller Benjamin MIles | A-Award | 33,715.00 | $29.66 | $999,987 |
| 2026-05-05 | Hamilton Janice M | A-Award | 33,715.00 | $29.66 | $999,987 |
| 2026-05-05 | RYAN PATRICK G | D-Return | 1,787,446.00 | $29.66 | $53.0M |
| 2026-04-28 | RYAN PATRICK G JR | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-28 | ROGERS JOHN W JR | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-28 | OHALLERAN MICHAEL D | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-28 | Kuczinski Anthony J | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-28 | CORTEZI NICHOLAS DOMINIC | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-28 | Cornelli Francesca | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-28 | COLLINS MICHELLE L | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-28 | BUNGERT MICHAEL G | A-Award | 4,615.00 | $0.00 | $0 |
| 2026-04-28 | BOLGER DAVID P | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-28 | Bienen Henry S | A-Award | 5,757.00 | $0.00 | $0 |
| 2026-04-01 | Conklin Michael | M-Exempt | 7,637.00 | $0.00 | $0 |
| 2026-04-01 | Conklin Michael | M-Exempt | 7,637.00 | $0.00 | $0 |
| 2026-04-01 | Conklin Michael | F-InKind | 2,176.00 | $33.74 | $73,418 |
| 2026-03-03 | Keogh Stephen Patrick | A-Award | 24,869.00 | $0.00 | $0 |
Dividend History (Last 20)
| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-12 | $0.13 | 2026-04-30 | 2026-05-12 | 2026-05-26 |
| 2026-02-24 | $0.13 | 2026-02-12 | 2026-02-24 | 2026-03-10 |
| 2025-11-10 | $0.12 | 2025-10-30 | 2025-11-11 | 2025-11-25 |
| 2025-08-12 | $0.12 | 2025-07-31 | 2025-08-12 | 2025-08-26 |
| 2025-05-13 | $0.12 | 2025-05-01 | 2025-05-13 | 2025-05-27 |
| 2025-03-04 | $0.12 | 2025-02-20 | 2025-03-04 | 2025-03-18 |
| 2024-11-12 | $0.11 | 2024-10-30 | 2024-11-12 | 2024-11-26 |
| 2024-08-13 | $0.11 | 2024-08-01 | 2024-08-13 | 2024-08-27 |
| 2024-05-13 | $0.11 | 2024-05-02 | 2024-05-14 | 2024-05-28 |
| 2024-03-12 | $0.34 | 2024-02-27 | 2024-03-13 | 2024-03-27 |
No community reviews yet for RYAN.
Be the first — export the analysis to your AI and contribute back.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27