RYAN - NYSE

Ryan Specialty Holdings, Inc.

RYAN·NYSE

$30.86

-0.64%

Financial ServicesInsurance - Specialty

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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$3.99B

EPS0.5000

P/E Ratio61.72

Earnings Date07/30/2026

643.67M

Operating Cash Flow

25%

3Y+92.0%

5Y+375.0%

10Y+331.0%

-834.01M

Investing Cash Flow

-52%

3Y+3620.0%

5Y+9.0%

10Y+464.0%

78.12M

Financing Cash Flow

-93%

3Y-75.0%

5Y-93.0%

10Y+25.0%

Ryan Specialty Holdings, Inc. Cash Conversion Engine

RYAN · NYSE

FCF Components

Net Income214.16M

Depreciation & Amortization287.51M

Stock-Based Compensation38.78M

Change in Working Capital-37.28M

Others114.45M

Capital Expenditures-67.95M

Free Cash Flow575.71M

Cash Flow Quality Analysis

FCF Conversion Rate

268.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

10.6%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+23.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$37.28M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Ryan Specialty Holdings, Inc. Cash Flow Statement

RYAN • NYSE

Ryan Specialty Holdings, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
OPERATING ACTIVITIES
Net Income	214.2M	229.9M	194.5M	163.3M	56.6M	70.5M	63.1M
Depreciation & Amortization	287.5M	167.6M	115.8M	109.3M	112.7M	67.5M	53.1M
Change in Deferred Taxes	26M	24.2M	36.7M	14.5M	-1.2M	203K	-800K
Stock-Based Compensation	38.8M	79M	69.7M	77.5M	67.5M	10.8M	8.2M
Other Non-Cash Items	114.4M	43.5M	22.6M	45.9M	67.2M	27.9M	5.6M
Cash Taxes Paid	(14.3M)	(27.3M)	(16.4M)	(11.2M)	(6.8M)	(7.6M)	(4.8M)
Change in Working Capital	-37.3M	-29.4M	37.9M	-75M	-29.4M	-41.5M	20.4M
Cash from Operating Activities	643.7M	514.9M	477.2M	335.5M	273.5M	135.4M	149.5M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-68M	-47M	-29.8M	-15M	-9.8M	-12.5M	-8M
Acquisitions, Net	-746.5M	-1.7B	-446.7M	(0.0)	-108.9M	-741.5M	-144.4M
Purchase of Investments	-16.6M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Other Investing Items	-3M	0.0	228K	-7.4M	-339.3M	-14.5M	4.4M
Cash from Investing Activities	-834M	-1.8B	-476.2M	-22.4M	-457.9M	-768.5M	-148M
FINANCING ACTIVITIES
Net Issuance of Common Stock	-3.7M	-27.5M	-8.8M	-7.2M	480.2M	-52.6M	-3.2M
Net Issuance of Debt	54.4M	1.3B	-16.5M	377.5M	-17.7M	1.1B	78.8M
Cash Paid for Dividends	-62.3M	-80.2M	-71.7M	-39.9M	-47.1M	-50.1M	-72.3M
Share Repurchases	-3.7M	-27.5M	-8.8M	-7.2M	-967.8M	-52.6M	-3.2M
Other Financing Items	89.8M	-37.6M	12.7M	-15.7M	92.1M	176.2M	58.9M
Cash from Financing Activities	78.1M	1.2B	-12.6M	314.8M	429.3M	1.1B	62.3M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	15.9M	-1.5M	584K	-126K	-883K	1.4M	265K
Net Change in Cash	-96.3M	-75.5M	-11.1M	627.7M	244M	493.5M	64M
Cash at Beginning of Period	1.7B	1.8B	1.8B	1.1B	895.7M	402.2M	338.1M
Cash at End of Period	1.6B	1.7B	1.8B	1.8B	1.1B	895.7M	402.2M
Free Cash Flow	575.7M	467.9M	447.4M	320.5M	263.7M	122.9M	141.5M

SEC Filings

RYAN - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 26, 2026	May 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 01, 2026	April 28, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 01, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 17, 2026	March 17, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 13, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 12, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 12, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 08, 2025	December 05, 2025	2025	View Filing

Showing 1 to 10 of 85 filings

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