Revenue
790 million USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 789963000 USD Source
Fundies. English
RYAN SPECIALTY HOLDINGS, INC.
EDGARAnnual consolidated revenue for 2025: about USD 3.051B, using the latest reported figures. The previous period, 2024, was about USD 2.516B.
Latest quarter
Operating margin
17.83%
2026 Q3 · %
Operating cash flow
181 million USD
2026 Q3 · USD
- Cash and cash equivalents
- 169 million USD Source
Exact value
168811000 USD
- Long-term debt including current maturities
- 3.35 billion USD Source
Exact value
3346276000 USD
- Shares outstanding
- Not available
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Net income
105 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Operating cash flow
570 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Operating cash flow: 643667000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 380421000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -167411000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 125618000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -167411000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 306933000 USD · 2026-01-01 – 2026-09-30 Source
- Operating cash flow: 125618000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-30.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 7 of 11 periods available· newest 2025-12-31
- Operating income: 7 of 11 periods available· newest 2025-12-31
- Net income: 7 of 11 periods available· newest 2025-12-31
- Operating cash flow: 7 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 6 of 11 periods available· newest 2025-12-31
- Total liabilities: 6 of 11 periods available· newest 2025-12-31
- Current assets: 6 of 11 periods available· newest 2025-12-31
- Current liabilities: 6 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 6 of 11 periods available· newest 2025-12-31
- shares outstanding: No compatible figures in this window
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+21.3%Prior period
USD 2.52 billion
–
Current period
USD 3.05 billion
–
Exact inputs and evidence
3051126000 − 2515710000 = 535416000 USD
2515710000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source3051126000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
-33%Prior period
USD 94.67 million
–
Current period
USD 63.4 million
–
Exact inputs and evidence
63399000 − 94665000 = -31266000 USD
94665000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source63399000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+25%Prior period
USD 514.87 million
–
Current period
USD 643.67 million
–
Exact inputs and evidence
643667000 − 514868000 = 128799000 USD
514868000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source643667000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 3.05 billion 100% of revenue
- Operating costs Derived USD 2.56 billion 84% of revenue
- Operating income USD 493.64 million 16% of revenue
- Tax, interest and other Derived USD 430.24 million 14% of revenue
- Net income USD 63.4 million 2.1% of revenue
Cash
- Operating cash flow USD 643.67 million 21% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2019 87%
- 2020 84%
- 2021 87%
- 2022 13%83%
- 2023 14%83%
- 2024 13%83%
- 2025 14%84%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2019 2019-01-01 – 2019-12-31 | 765111000 | 664073000 Derived | 101038000 | 36872000 Derived | 64166000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 1018274000 | 859736000 Derived | 158538000 | 90434000 Derived | 68104000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 1432771000 | 1246147000 Derived | 186624000 | 120751000 Derived | 65873000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 1725193000 | 1435685000 Derived | 289508000 | 228456000 Derived | 61052000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 2077549000 | 1718468000 Derived | 359081000 | 298044000 Derived | 61037000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 2515710000 | 2087898000 Derived | 427812000 | 333147000 Derived | 94665000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 3051126000 | 2557486000 Derived | 493640000 | 430241000 Derived | 63399000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 3.1B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2019 | Revenue | 765111000 |
|
| 2020 | Revenue | 1018274000 |
|
| 2021 | Revenue | 1432771000 |
|
| 2022 | Revenue | 1725193000 |
|
| 2023 | Revenue | 2077549000 |
|
| 2024 | Revenue | 2515710000 |
|
| 2025 | Revenue | 3051126000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
21.3% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2019 | Year over year | No prior comparable period |
|
| 2020 | Year over year | 33.1% |
|
| 2021 | Year over year | 40.7% |
|
| 2022 | Year over year | 20.4% |
|
| 2023 | Year over year | 20.4% |
|
| 2024 | Year over year | 21.1% |
|
| 2025 | Year over year | 21.3% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 16.2% 2025
Net margin 2.1% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2019 | Operating margin | 13.2% |
|
| 2020 | Operating margin | 15.6% |
|
| 2021 | Operating margin | 13% |
|
| 2022 | Operating margin | 16.8% |
|
| 2023 | Operating margin | 17.3% |
|
| 2024 | Operating margin | 17% |
|
| 2025 | Operating margin | 16.2% |
|
| 2019 | Net margin | 8.4% |
|
| 2020 | Net margin | 6.7% |
|
| 2021 | Net margin | 4.6% |
|
| 2022 | Net margin | 3.5% |
|
| 2023 | Net margin | 2.9% |
|
| 2024 | Net margin | 3.8% |
|
| 2025 | Net margin | 2.1% |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 643.7M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2019 | Operating cash flow | 149507000 |
|
| 2020 | Operating cash flow | 135393000 |
|
| 2021 | Operating cash flow | 273493000 |
|
| 2022 | Operating cash flow | 335514000 |
|
| 2023 | Operating cash flow | 477203000 |
|
| 2024 | Operating cash flow | 514868000 |
|
| 2025 | Operating cash flow | 643667000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
88.1% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2019-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2020 | Liabilities / assets | 93.1% |
|
| 2021 | Liabilities / assets | 89.1% |
|
| 2022 | Liabilities / assets | 87.2% |
|
| 2023 | Liabilities / assets | 86.5% |
|
| 2024 | Liabilities / assets | 88.6% |
|
| 2025 | Liabilities / assets | 88.1% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.98× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2019-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2020 | Current assets / current liabilities | 1× |
|
| 2021 | Current assets / current liabilities | 1.03× |
|
| 2022 | Current assets / current liabilities | 1.24× |
|
| 2023 | Current assets / current liabilities | 1.16× |
|
| 2024 | Current assets / current liabilities | 1.05× |
|
| 2025 | Current assets / current liabilities | 0.98× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2019 2019-01-01 – 2019-12-31 | USD 64.17 million Exact valueExact value: 64166000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 149.51 million Exact valueExact value: 149507000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 68.1 million Exact valueExact value: 68104000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 135.39 million Exact valueExact value: 135393000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 65.87 million Exact valueExact value: 65873000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 273.49 million Exact valueExact value: 273493000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 61.05 million Exact valueExact value: 61052000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 335.51 million Exact valueExact value: 335514000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 61.04 million Exact valueExact value: 61037000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 477.2 million Exact valueExact value: 477203000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 94.67 million Exact valueExact value: 94665000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 514.87 million Exact valueExact value: 514868000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 63.4 million Exact valueExact value: 63399000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 643.67 million Exact valueExact value: 643667000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
29 filings · 1,710 latest values · 1,710 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001849253, 1849253, RYAN, edgar:1849253
Also known as MAVERICK SPECIALTY, INC., RYAN SPECIALTY GROUP HOLDINGS, INC., RYAN SPECIALTY HOLDINGS, INC.