RYANRYAN SPECIALTY HOLDINGS, INC.
Insurance Agents, Brokers & Service
- Revenue
- $3.0B
- 22% YoY
- Operating margin
- 16.5%
- 5.4% YoY
- EBITDA
- $507M
- 16% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 6.9×
- $3.5B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear10× net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear10% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear29% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.7B | $2.0B | $2.5B | $3.0B | 22% |
| Operating income | $187M | $290M | $359M | $428M | $494M | 15% |
| Net income | $66M | $61M | $61M | $95M | $63M | 33% |
| Operating cash flow | $273M | $336M | $477M | $515M | $644M | 25% |
| Capex | $343M | $8M | $0 | $0 | $3M | |
| Stock-based comp | $68M | $77M | $70M | $79M | $69M | 12% |
| Dividends | — | $0 | $0 | $80M | $62M | 22% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 1
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.