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SS&C Technologies Holdings, Inc. (SSNC) 10-Year Financial Performance & Capital Metrics

SSNC • • Industrial / General
TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms
AboutSS&C Technologies Holdings, Inc., together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions. Its products and services allow professionals in the financial services and healthcare industries to automate complex business processes and are instrumental in helping its clients to manage information processing requirements. The company's software-enabled services include SS&C GlobeOp, Global Investor and Distribution Solutions, SS&C Retirement Solutions, Black Diamond Wealth Platform, Bluedoor, Advent Outsourcing Services, Advent Data Solutions, ALPS Advisors, and Virtual Data Rooms, as well as pharmacy, healthcare administration, and health outcomes optimization solutions. Its software products comprise portfolio/investment accounting and analytics software, portfolio management software, trading software, digital process automation product suite, and banking and lending solutions, as well as research, analytics, risk, and training solutions. The company also provides professional services, including consulting and implementation services to assist clients; and product support services. It operates in the United States; the United Kingdom; Europe, the Middle East, and Africa; the Asia Pacific and Japan; Canada; and the Americas. The company was founded in 1986 and is headquartered in Windsor, Connecticut.Show more
  • Revenue $5.88B +6.9%
  • EBITDA $2.02B +7.7%
  • Net Income $761M +25.3%
  • EPS (Diluted) 3.00 +25.5%
  • Gross Margin 48.68% +1.0%
  • EBITDA Margin 34.4% +0.7%
  • Operating Margin 22.84% +4.0%
  • Net Margin 12.93% +17.2%
  • ROE 11.69% +20.4%
  • ROIC 9.72% +20.0%
  • Debt/Equity 1.09 +0.5%
  • Interest Coverage 2.90 +14.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 9/9
  • ✓FCF machine: 22.6% free cash flow margin
  • ✓11 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 13.1%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.58%
5Y4.89%
3Y5.21%
TTM6.67%

Profit (Net Income) CAGR

10Y19.22%
5Y11.64%
3Y-1.67%
TTM20.56%

EPS CAGR

10Y14.87%
5Y12.56%
3Y0.11%
TTM20.79%

ROCE

10Y Avg7.07%
5Y Avg8.43%
3Y Avg8.61%
Latest9.26%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GWREGuidewire Software, Inc.14.12B166.09205.0522.64%7.23%6%2.09%0.49
DAVEDave Inc.2.34B192.0645.8433.96%29.87%50.37%5.33%0.41
INTUIntuit Inc.154.33B554.5840.5715.63%21.19%21.31%3.94%0.34
CCBCoastal Financial Corporation1.72B113.6934.9830.92%7.84%10.04%14.54%0.12
SPNSSapiens International Corporation N.V.2.43B43.4533.685.4%11.4%12.2%2.97%0.13
SSNCSS&C Technologies Holdings, Inc.21B86.0528.686.89%13.86%12.2%6.32%1.09
TBBKThe Bancorp, Inc.3.09B70.3916.4116.11%30.63%29.28%7.2%0.16
CWANClearwater Analytics Holdings, Inc.6.98B24.1914.4022.72%61.25%19.6%0.99%0.07

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1B1.48B1.68B3.42B4.63B4.67B5.05B5.28B5.5B5.88B
Revenue Growth %0.3%0.48%0.13%1.04%0.35%0.01%0.08%0.05%0.04%0.07%
Cost of Goods Sold+532.35M800.49M886.42M2.05B2.61B2.57B2.64B2.77B2.85B3.02B
COGS % of Revenue0.53%0.54%0.53%0.6%0.56%0.55%0.52%0.52%0.52%0.51%
Gross Profit+467.94M680.95M788.87M1.37B2.02B2.09B2.41B2.52B2.65B2.86B
Gross Margin %0.47%0.46%0.47%0.4%0.44%0.45%0.48%0.48%0.48%0.49%
Gross Profit Growth %0.31%0.46%0.16%0.74%0.48%0.04%0.15%0.04%0.05%0.08%
Operating Expenses+303.2M392.3M392M940.9M1.11B1.11B1.17B1.37B1.44B1.52B
OpEx % of Revenue0.3%0.26%0.23%0.28%0.24%0.24%0.23%0.26%0.26%0.26%
Selling, General & Admin192.78M239.56M238.62M524.9M723.1M708.6M752.1M925.1M969.1M1B
SG&A % of Revenue0.19%0.16%0.14%0.15%0.16%0.15%0.15%0.18%0.18%0.17%
Research & Development110.42M152.69M153.33M318.2M383.7M399.4M414.9M447.3M473.8M517.7M
R&D % of Revenue0.11%0.1%0.09%0.09%0.08%0.09%0.08%0.08%0.09%0.09%
Other Operating Expenses00600K97.8M000000
Operating Income+164.74M288.6M396.9M429.1M914.4M985.8M1.24B1.14B1.21B1.34B
Operating Margin %0.16%0.19%0.24%0.13%0.2%0.21%0.25%0.22%0.22%0.23%
Operating Income Growth %-0.18%0.75%0.38%0.08%1.13%0.08%0.26%-0.08%0.06%0.11%
EBITDA+315.57M517.28M634.1M947.6M1.69B1.71B1.91B1.81B1.88B2.02B
EBITDA Margin %0.32%0.35%0.38%0.28%0.36%0.37%0.38%0.34%0.34%0.34%
EBITDA Growth %0.05%0.64%0.23%0.49%0.78%0.01%0.12%-0.05%0.04%0.08%
D&A (Non-Cash Add-back)150.83M228.68M237.2M518.5M775.2M725.3M667.4M671.5M670.4M680.1M
EBIT140.18M293.56M391.3M405.2M941.3M1.03B1.24B1.19B1.33B1.36B
Net Interest Income+-77.36M-128.4M-107.4M-271M-404.9M-245.9M-201.6M-307.9M-469.8M-451.9M
Interest Income1.98M1.5M1.2M9.1M4.7M4M4.1M4.3M6.5M11.1M
Interest Expense79.33M129.9M108.6M280.1M409.6M249.9M205.7M312.2M476.3M463M
Other Income/Expense-103.9M-125.08M-114.2M-304M-382.7M-210M-205.3M-266.8M-351.2M-449.8M
Pretax Income+60.84M163.62M282.63M125.1M531.7M775.8M1.04B876.1M857.7M893.7M
Pretax Margin %0.06%0.11%0.17%0.04%0.11%0.17%0.21%0.17%0.16%0.15%
Income Tax+17.98M32.62M-46.23M21.9M93.2M150.6M236.4M227.1M249.1M132M
Effective Tax Rate %0.7%0.8%1.16%0.82%0.82%0.81%0.77%0.74%0.71%0.85%
Net Income+42.86M131M328.86M103.2M438.5M625.2M800M650.2M607.1M760.5M
Net Margin %0.04%0.09%0.2%0.03%0.09%0.13%0.16%0.12%0.11%0.13%
Net Income Growth %-0.67%2.06%1.51%-0.69%3.25%0.43%0.28%-0.19%-0.07%0.25%
Net Income (Continuing)42.86M131M328.9M103.2M438.5M625.2M800.6M649M608.6M761.7M
Discontinued Operations0000000000
Minority Interest00000057.8M58.7M58.1M74.2M
EPS (Diluted)+0.230.641.550.421.662.352.992.482.393.00
EPS Growth %-0.69%1.78%1.42%-0.73%2.95%0.42%0.27%-0.17%-0.04%0.26%
EPS (Basic)0.240.651.600.441.732.443.132.562.453.09
Diluted Shares Outstanding190.9M205.79M211.63M243.7M264.2M266.6M267.3M262M254.5M253.8M
Basic Shares Outstanding182.2M200.25M204.92M232.5M252.9M256.4M255.6M254M248.3M246.4M
Dividend Payout Ratio1.06%0.38%0.17%0.69%0.25%0.22%0.22%0.31%0.36%0.32%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+675.07M415.11M359.46M2.05B2.79B2.3B4.25B2.42B4.05B4.86B
Cash & Short-Term Investments436.98M119.67M64.7M173.1M161.8M215.2M3.17B1.34B3B3.37B
Cash Only436.98M119.67M64.7M173.1M161.8M215.2M3.17B1.34B3B3.37B
Short-Term Investments0000000000
Accounts Receivable169.95M241.31M243.9M1.71B2.42B1.9B893.3M893M887.1M1.31B
Days Sales Outstanding62.0159.4553.14182.96190.63148.2464.5561.758.8481.42
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets30.33M33.23M39.3M6.4M9M5.9M4.2M197.1M168.2M179.8M
Total Non-Current Assets+5.13B5.29B5.18B14B13.96B13.63B13.08B14.23B14.05B14.18B
Property, Plant & Equipment67.14M80.39M100.96M553.2M841.7M763.6M673.2M604.5M536.7M490.2M
Fixed Asset Turnover14.90x18.43x16.59x6.18x5.50x6.11x7.50x8.74x10.25x12.00x
Goodwill3.55B3.65B3.71B8.04B7.96B8.08B8.05B8.86B8.97B9.22B
Intangible Assets1.49B1.53B1.35B5B4.5B4.03B3.56B3.93B3.58B3.52B
Long-Term Investments000429.8M394.9M409.1M478.9M460.8M529.9M505.8M
Other Non-Current Assets18.58M23.63M15.1M209.7M263.2M339.3M319.4M367.7M433.4M446.6M
Total Assets+5.8B5.71B5.54B16.05B16.74B15.92B17.33B16.65B18.1B19.04B
Asset Turnover0.17x0.26x0.30x0.21x0.28x0.29x0.29x0.32x0.30x0.31x
Asset Growth %1.54%-0.02%-0.03%1.9%0.04%-0.05%0.09%-0.04%0.09%0.05%
Total Current Liabilities+416.72M560.63M443.66M1.92B2.78B2.28B3.85B2.19B3.77B4.35B
Accounts Payable11.96M16.49M27.1M41.4M36.9M28.1M28.7M49.5M80.3M70.2M
Days Payables Outstanding8.27.5211.167.375.163.983.976.5310.288.49
Short-Term Debt32.28M126.14M37.9M87.5M76.3M53.9M47.4M55.7M51.5M20M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities83.89M104.12M96M1.34B2.02B1.54B3.08B1.2B2.89B3.47B
Current Ratio1.62x0.74x0.81x1.07x1.00x1.01x1.10x1.11x1.07x1.12x
Quick Ratio1.62x0.74x0.81x1.07x1.00x1.01x1.10x1.11x1.07x1.12x
Cash Conversion Cycle----------
Total Non-Current Liabilities+3.28B2.89B2.41B9.55B8.85B7.92B7.26B8.36B7.93B8.08B
Long-Term Debt2.72B2.37B2.01B8.17B7.08B6.39B5.9B7.02B6.67B6.99B
Capital Lease Obligations0000348.6M323.6M268.2M237M199.1M175.1M
Deferred Tax Liabilities509.57M453.56M283.46M1.15B1.09B923.8M835M872.9M816.6M725.5M
Other Non-Current Liabilities51.43M59.23M118.7M235.5M333.7M287.9M254M225.8M248.7M191.1M
Total Liabilities3.7B3.45B2.85B11.47B11.63B10.21B11.11B10.55B11.7B12.44B
Total Debt+2.75B2.5B2.05B8.26B7.5B6.77B6.22B7.32B6.92B7.18B
Net Debt2.31B2.38B1.98B8.08B7.34B6.55B3.05B5.98B3.92B3.81B
Debt / Equity1.31x1.11x0.76x1.80x1.47x1.18x1.00x1.20x1.08x1.09x
Debt / EBITDA8.72x4.84x3.23x8.71x4.44x3.95x3.26x4.03x3.68x3.55x
Net Debt / EBITDA7.33x4.60x3.12x8.53x4.34x3.83x1.59x3.30x2.09x1.88x
Interest Coverage2.08x2.22x3.65x1.53x2.23x3.94x6.04x3.66x2.54x2.90x
Total Equity+2.11B2.26B2.69B4.58B5.12B5.72B6.22B6.1B6.4B6.61B
Equity Growth %0.56%0.07%0.19%0.7%0.12%0.12%0.09%-0.02%0.05%0.03%
Book Value per Share11.0310.9712.6918.7919.3621.4423.2823.2925.1426.04
Total Shareholders' Equity2.11B2.26B2.69B4.58B5.12B5.72B6.17B6.04B6.34B6.53B
Common Stock1.96M2.05M2.1M2.5M2.6M2.6M2.7M2.7M2.8M2.8M
Retained Earnings411.49M492.35M766.9M847.1M1.18B1.67B2.29B2.74B3.13B3.64B
Treasury Stock-17.98M-18M-18M-18M-78.3M-296.1M-784M-1.26B-1.73B-2.47B
Accumulated OCI-83.17M-139.07M-82.66M-343M-253M-201M-242M-550.1M-426.3M-541.2M
Minority Interest00000057.8M58.7M58.1M74.2M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+230.62M418.41M470.36M640.1M1.33B1.18B1.43B1.13B1.22B1.39B
Operating CF Margin %0.23%0.28%0.28%0.19%0.29%0.25%0.28%0.21%0.22%0.24%
Operating CF Growth %-0.09%0.81%0.12%0.36%1.08%-0.11%0.21%-0.21%0.07%0.14%
Net Income42.86M131M328.86M103.2M438.5M625.2M800.6M649M607.1M761.7M
Depreciation & Amortization150.83M228.68M237.19M518.5M775.2M725.3M667.4M671.6M670.4M680.1M
Stock-Based Compensation44.08M50.56M41.49M96.9M72.4M87.8M114M124.8M159.5M203.3M
Deferred Taxes-72.77M-94.04M-152.01M-105.2M-87.1M-155.4M-88M-77M-82.9M-115.4M
Other Non-Cash Items13.55M14.33M14.83M62.4M1M15.5M-3.7M-19M-40.8M43.6M
Working Capital Changes52.06M87.88M7K-35.7M128.3M-113.7M-61.3M-215.1M-98.2M-184.7M
Change in Receivables-12.16M-10.85M-1.85M50.4M9.9M24.3M-72.2M-38.1M0-119.1M
Change in Inventory-1.95M17.84M-22.15M6.7M-42.2M-97.6M47.9M000
Change in Payables-5.59M-1.3M13.84M-91M-700K-13.1M600K7.6M33M-10.7M
Cash from Investing+-2.75B-495.29M-63.38M-7.1B-140.5M-210.5M-148.2M-1.76B-268.4M-855.7M
Capital Expenditures-17.87M-37.55M-45.97M-89.1M-130.4M-106.4M-136.6M-208.3M-251.5M-61.4M
CapEx % of Revenue0.02%0.03%0.03%0.03%0.03%0.02%0.03%0.04%0.05%0.01%
Acquisitions----------
Investments----------
Other Investing517K10.32M4K16.7M19.2M12.5M16.3M87.4M9.8M-154M
Cash from Financing+2.85B-236.09M-466.41M7.52B-513.4M-1.43B556.7M-1.18B712.8M-152.3M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-45.45M-50.14M-54.36M-70.9M-107.7M-136.1M-174M-203.1M-220.9M-244.9M
Share Repurchases----------
Other Financing10.09M38.26M-6.3M585.8M652.7M-515.8M1.74B-1.63B1.78B540.2M
Net Change in Cash----------
Free Cash Flow+212.75M380.86M424.39M551M1.2B1.08B1.29B926M963.6M1.33B
FCF Margin %0.21%0.26%0.25%0.16%0.26%0.23%0.26%0.18%0.18%0.23%
FCF Growth %-0.09%0.79%0.11%0.3%1.17%-0.1%0.2%-0.28%0.04%0.38%
FCF per Share1.111.852.012.264.534.044.843.533.795.23
FCF Conversion (FCF/Net Income)5.38x3.19x1.43x6.20x3.03x1.89x1.79x1.74x2.00x1.83x
Interest Paid42.22M126.7M102.7M249.8M353.7M236.2M192.5M298M461.8M452.4M
Taxes Paid42.21M8.8M67.6M143.4M222.7M227.4M310.4M281.1M348.5M286.2M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)2.48%6%13.3%2.84%9.04%11.54%13.4%10.55%9.71%11.69%
Return on Invested Capital (ROIC)3.93%4.78%6.4%3.71%5.46%5.98%8.65%8.03%8.1%9.72%
Gross Margin46.78%45.97%47.09%40.05%43.63%44.86%47.7%47.61%48.19%48.68%
Net Margin4.29%8.84%19.63%3.02%9.46%13.39%15.84%12.31%11.03%12.93%
Debt / Equity1.31x1.11x0.76x1.80x1.47x1.18x1.00x1.20x1.08x1.09x
Interest Coverage2.08x2.22x3.65x1.53x2.23x3.94x6.04x3.66x2.54x2.90x
FCF Conversion5.38x3.19x1.43x6.20x3.03x1.89x1.79x1.74x2.00x1.83x
Revenue Growth30.27%48.1%13.09%104.21%35.42%0.76%8.21%4.59%4.16%6.89%

Revenue by Segment

2014201520162017201820192020202120222023
Software Enabled Services----2.8B3.87B3.89B4.26B4.27B4.49B
Software Enabled Services Growth-----38.24%0.57%9.37%0.42%5.02%
Maintenance And Term Licenses----508.8M644.2M663.1M671.2M874.7M873.7M
Maintenance And Term Licenses Growth-----26.61%2.93%1.22%30.32%-0.11%
Professional Services----83.9M84.7M90.5M101.4M110.1M110.2M
Professional Services Growth-----0.95%6.85%12.04%8.58%0.09%
Perpetual Licenses----29.5M34.8M23M22.3M24.3M30.6M
Perpetual Licenses Growth-----17.97%-33.91%-3.04%8.97%25.93%
Portfolio Management Accounting691.91M918.89M1.35B1.55B------
Portfolio Management Accounting Growth-32.80%46.67%14.72%------
Loan Management Accounting8.38M14.21M64.27M60.82M------
Loan Management Accounting Growth-69.47%352.43%-5.36%------
Trading Treasury Operations32.7M31.99M32.17M33.09M------
Trading Treasury Operations Growth--2.18%0.56%2.87%------
Property Management15.22M16.18M17.83M17.22M------
Property Management Growth-6.30%10.24%-3.45%------
Money Market Processing9.42M8.68M9.3M8.42M------
Money Market Processing Growth--7.90%7.17%-9.44%------
Financial Modeling8.66M9.08M8.93M8.15M------
Financial Modeling Growth-4.78%-1.65%-8.74%------
Training1.56M1.27M1.2M1.43M------
Training Growth--18.50%-5.28%18.64%------

Revenue by Geography

2014201520162017201820192020202120222023
UNITED STATES514.8M-1.08B1.22B2.48B3.38B3.43B3.63B3.73B3.8B
UNITED STATES Growth---13.05%102.86%36.45%1.29%5.86%2.86%1.94%
UNITED KINGDOM----503.9M652.9M569.9M596M573.1M638.6M
UNITED KINGDOM Growth-----29.57%-12.71%4.58%-3.84%11.43%
E M E A Excluding United Kingdom----145.4M216.5M251.3M327.9M402.1M457.6M
E M E A Excluding United Kingdom Growth-----48.90%16.07%30.48%22.63%13.80%
Asia Pacific And Japan25.18M64.82M90.09M112.7M145.8M207.6M193.3M228M258.2M279.8M
Asia Pacific And Japan Growth-157.37%38.99%25.11%29.36%42.39%-6.89%17.95%13.25%8.37%
CANADA63.04M-65.68M76.37M96.3M107.5M148.7M190.5M228M221.3M
CANADA Growth---16.27%26.10%11.63%38.33%28.11%19.69%-2.94%
Americas Excluding United States And Canada15.74M22.19M37.71M45.88M49.9M64.8M77.3M80.4M89.8M101.2M
Americas Excluding United States And Canada Growth-40.91%69.96%21.69%8.75%29.86%19.29%4.01%11.69%12.69%
Europe Excluding United Kingdom49.93M68.35M101.32M102.12M------
Europe Excluding United Kingdom Growth-36.89%48.24%0.79%------
U S-682.29M--------
U S Growth----------
C A-55.56M--------
C A Growth----------

Frequently Asked Questions

Valuation & Price

SS&C Technologies Holdings, Inc. (SSNC) has a price-to-earnings (P/E) ratio of 28.7x. This suggests investors expect higher future growth.

Growth & Financials

SS&C Technologies Holdings, Inc. (SSNC) reported $6.15B in revenue for fiscal year 2024. This represents a 1558% increase from $370.8M in 2011.

SS&C Technologies Holdings, Inc. (SSNC) grew revenue by 6.9% over the past year. This is steady growth.

Yes, SS&C Technologies Holdings, Inc. (SSNC) is profitable, generating $852.0M in net income for fiscal year 2024 (12.9% net margin).

Dividend & Returns

Yes, SS&C Technologies Holdings, Inc. (SSNC) pays a dividend with a yield of 1.12%. This makes it attractive for income-focused investors.

SS&C Technologies Holdings, Inc. (SSNC) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

SS&C Technologies Holdings, Inc. (SSNC) generated $1.62B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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