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RY

Ryan Specialty Holdings, Inc.

RYANFinancial ServicesNASDAQ

Insurance - Specialty

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Financials · Annual
Revenue
$3.05B
+21.3% YoY
Net Income
$63.4M
-33.0% YoY
Free Cash Flow
$595.0M

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About Ryan Specialty Holdings, Inc.

Part of the financial services sector, Ryan Specialty Holdings, Inc. (RYAN) is listed under Insurance - Specialty. At a $8.74B market cap, Ryan Specialty Holdings, Inc. ranks as a mid-cap company within financial services. The company offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter or a program administrator with delegated authority from insurance carriers.

Key stats
Market Cap$8.74B
P/E (TTM)40.38
Fwd P/E14.17
EPS$0.82
Beta0.68
52W Change-53.4%
Dividend Yield1.57%
ROE22.8%
Analysis

On the balance sheet, RYAN has $154.7M in cash with $3.74B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $595.0M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 22.8% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.6% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $1.73B (2022) to $3.05B (2025), reflecting a 77% increase over the period.

RYAN's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Ryan Specialty Holdings, Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Ryan Specialty Holdings, Inc.'s trajectory.

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