Ryan Specialty Holdings, Inc. (RYAN) Financial Ratios
7 years of historical data (2019–2025) · Financial Services · Insurance - Specialty
EV/EBITDA
↓
8.66
↓-73% vs avg
5yr avg: 31.87
30Y Low19.0·High46.7
P/FCF
↑
7.87
↓-69% vs avg
5yr avg: 25.07
30Y Low12.1·High37.7
P/B Ratio
↑
7.77
↓-28% vs avg
5yr avg: 10.74
30Y Low5.5·High16.1
ROE
↓
5.4%
↑-46% vs avg
5yr avg: 9.9%
30Y Low5%·High102%
Debt/EBITDA
↓
3.87
↓-45% vs avg
5yr avg: 6.99
30Y Low3.9·High11.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RYAN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ryan Specialty Holdings, Inc. trades at 74.4x earnings, 18% below its 5-year average of 90.7x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 448%. On a free-cash-flow basis, the stock trades at 7.9x P/FCF, 69% below the 5-year average of 25.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.5B | $14.4B | $17.6B | $5.4B | $11.0B | $4.3B | — | — |
| Enterprise Value | $7.9B | $17.8B | $20.6B | $6.7B | $12.2B | $5.6B | — | — |
| P/E Ratio → | 74.40 | 109.85 | 90.37 | 82.73 | 79.83 | — | — | — |
| P/S Ratio | 1.49 | 4.71 | 7.01 | 2.60 | 6.39 | 2.98 | — | — |
| P/B Ratio | 7.77 | 11.47 | 16.06 | 5.52 | 13.49 | 7.17 | — | — |
| P/FCF | 7.87 | 24.98 | 37.69 | 12.09 | 34.42 | 16.18 | — | — |
| P/OCF | 7.04 | 22.34 | 34.25 | 11.34 | 32.88 | 15.60 | — | — |
P/E links to full P/E history page with 30-year chart
RYAN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ryan Specialty Holdings, Inc.'s enterprise value stands at 8.7x EBITDA, 73% below its 5-year average of 31.9x. The Financial Services sector median is 11.4x, placing the stock at a 24% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.82 | 8.17 | 3.24 | 7.07 | 3.88 | — | — |
| EV / EBITDA | 8.66 | 19.45 | 46.70 | 19.01 | 42.28 | 31.92 | — | — |
| EV / EBIT | 12.64 | 34.43 | 47.70 | 18.82 | 42.94 | 39.47 | — | — |
| EV / FCF | — | 30.83 | 43.94 | 15.03 | 38.06 | 21.09 | — | — |
RYAN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ryan Specialty Holdings, Inc. earns an operating margin of 20.5%, roughly in line with the Financial Services sector average. Operating margins have expanded from 11.5% to 20.5% over the past 3 years, signaling improving operational efficiency. ROE of 5.4% is modest, trailing the sector median of 9.0%. ROIC of 10.8% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 90.6% | 90.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 20.5% | 20.5% | 10.8% | 11.5% | 10.4% | 4.3% | 7.8% | 8.9% |
| Net Profit Margin | 2.1% | 2.1% | 3.8% | 2.9% | 3.5% | 4.6% | 6.7% | 8.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 5.4% | 5.4% | 9.1% | 6.8% | 8.6% | 19.8% | 101.5% | 101.6% |
| ROA | 0.6% | 0.6% | 1.1% | 0.9% | 1.0% | 1.3% | 2.0% | 2.9% |
| ROIC | 10.8% | 10.8% | 6.5% | 8.3% | 6.9% | 2.8% | 5.6% | 7.5% |
| ROCE | 6.4% | 6.4% | 3.5% | 3.7% | 3.3% | 1.3% | 2.4% | 8.9% |
RYAN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ryan Specialty Holdings, Inc. carries a Debt/EBITDA ratio of 3.9x, which is moderately leveraged (9% below the sector average of 4.3x). Net debt stands at $3.4B ($3.5B total debt minus $158M cash). Interest coverage of just 2.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.82 | 2.82 | 3.15 | 2.20 | 2.64 | 2.83 | 23.76 | 10.60 |
| Debt / EBITDA | 3.87 | 3.87 | 7.87 | 6.09 | 7.48 | 9.66 | 11.49 | 5.53 |
| Net Debt / Equity | — | 2.69 | 2.66 | 1.34 | 1.42 | 2.18 | 19.36 | 9.77 |
| Net Debt / EBITDA | 3.69 | 3.69 | 6.64 | 3.72 | 4.04 | 7.44 | 9.36 | 5.10 |
| Debt / FCF | — | 5.86 | 6.25 | 2.94 | 3.63 | 4.92 | 11.20 | 4.36 |
| Interest Coverage | 2.32 | 2.32 | 2.72 | 2.99 | 2.71 | 1.78 | 2.68 | 2.91 |
RYAN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Ryan Specialty Holdings, Inc.'s current ratio of 7.51x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 8.68x to 7.51x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.51 | 7.51 | 7.40 | 8.68 | 9.45 | 7.00 | — | 1.00 |
| Quick Ratio | 7.51 | 7.51 | 7.40 | 8.68 | 9.45 | 7.00 | — | 1.00 |
| Cash Ratio | 1.84 | 1.84 | 0.85 | 1.67 | 2.40 | 0.89 | — | 0.04 |
| Asset Turnover | — | 0.29 | 0.26 | 0.29 | 0.27 | 0.26 | 0.22 | 0.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
RYAN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ryan Specialty Holdings, Inc. returns 0.7% to shareholders annually — split between a 0.6% dividend yield and 0.1% buyback yield. The payout ratio of 98.3% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 1.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.4% | 0.5% | 1.3% | 0.4% | 1.1% | — | — |
| Payout Ratio | 98.3% | 98.3% | 84.8% | — | 65.3% | 71.5% | 73.6% | 112.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 0.9% | 1.1% | 1.2% | 1.3% | — | — | — |
| FCF Yield | 12.7% | 4.0% | 2.7% | 8.3% | 2.9% | 6.2% | — | — |
| Buyback Yield | 0.1% | 0.0% | 0.2% | 0.2% | 0.1% | 22.7% | — | — |
| Total Shareholder Yield | 0.7% | 0.5% | 0.6% | 1.5% | 0.4% | 23.8% | — | — |
| Shares Outstanding | — | $279M | $275M | $126M | $266M | $106M | $106M | $106M |
Peer Comparison
Compare RYAN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RYANYou | $5B | 74.4 | 8.7 | 7.9 | 90.6% | 20.5% | 5.4% | 10.8% | 3.9 |
 BWIN | $2B | -40.5 | 13.3 | — | 12.8% | 7.3% | -3.2% | 3.1% | 7.5 |
 ACGL | $32B | 7.8 | 6.6 | 5.3 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 ERIE | $10B | 20.8 | 12.4 | 17.9 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 AON | $68B | 18.7 | 15.7 | 21.2 | 47.7% | 25.3% | 46.3% | 13.5% | 3.1 |
 MMC | $85B | 21.3 | 16.0 | 21.4 | 42.8% | 23.8% | 31.3% | 15.2% | 3.3 |
 WTW | $24B | 15.7 | 10.5 | 15.6 | 42.1% | 23.0% | 20.0% | 14.0% | 2.6 |
 GSHD | $873M | 35.5 | 13.9 | 10.1 | 46.2% | 20.4% | — | 38.6% | 4.1 |
 SLQT | $174M | 74.3 | 6.3 | — | 38.7% | 4.5% | 10.7% | 5.3% | 4.7 |
 KNSL | $7B | 14.3 | 11.3 | 7.2 | 52.5% | 33.8% | 29.3% | 26.6% | 0.4 |
 JRVR | $182M | 5.0 | 5.0 | — | 28.4% | 7.4% | 7.5% | 5.9% | 6.6 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 7 years · Updated daily
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RYAN — Frequently Asked Questions
Quick answers to the most common questions about buying RYAN stock.
What is Ryan Specialty Holdings, Inc.'s P/E ratio?
Ryan Specialty Holdings, Inc.'s current P/E ratio is 74.4x. The historical average is 90.7x.
What is Ryan Specialty Holdings, Inc.'s EV/EBITDA?
Ryan Specialty Holdings, Inc.'s current EV/EBITDA is 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 31.9x.
What is Ryan Specialty Holdings, Inc.'s ROE?
Ryan Specialty Holdings, Inc.'s return on equity (ROE) is 5.4%. The historical average is 36.1%.
Is RYAN stock overvalued?
Based on historical data, Ryan Specialty Holdings, Inc. is trading at a P/E of 74.4x. Compare with industry peers and growth rates for a complete picture.
What is Ryan Specialty Holdings, Inc.'s dividend yield?
Ryan Specialty Holdings, Inc.'s current dividend yield is 0.64% with a payout ratio of 98.3%.
What are Ryan Specialty Holdings, Inc.'s profit margins?
Ryan Specialty Holdings, Inc. has 90.6% gross margin and 20.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ryan Specialty Holdings, Inc. have?
Ryan Specialty Holdings, Inc.'s Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.