Financial Snapshot

Revenue
$2.282B
TTM
Gross Margin
Net Earnings
$80.42M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
109.08%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$1.073B
Q2 2024
Cash
Q2 2024
P/E
208.3
Sep 13, 2024 EST
Free Cash Flow
$439.7M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $2.078B $1.725B $1.433B $1.018B $765.1M
YoY Change 20.42% 20.41% 40.71% 33.09%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $2.078B $1.725B $1.433B $1.018B $765.1M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $1.490B $1.238B $1.032B $793.5M $612.6M
YoY Change 20.36% 19.94% 30.06% 29.54%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.038M $5.690M $4.806M $3.934M $4.797M
YoY Change 58.84% 18.39% 22.17% -17.99%
% of Gross Profit
Operating Expenses $1.718B $1.436B $1.246B $859.7M $664.1M
YoY Change 19.7% 15.21% 44.95% 29.46%
Operating Profit $359.1M $289.5M $186.6M $158.5M $101.0M
YoY Change 24.03% 55.13% 17.72% 56.91%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $119.5M $104.8M $79.35M $47.24M $35.55M
YoY Change 14.0% 32.1% 67.97% 32.91%
% of Operating Profit 33.28% 36.21% 42.52% 29.8% 35.18%
Other Income/Expense, Net -$10.38M -$5.073M -$44.95M -$32.27M $3.469M
YoY Change 104.61% -88.71% 39.28% -1030.24%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $237.9M $179.2M $61.56M $79.47M $67.98M
YoY Change 32.78% 191.07% -22.53% 16.89%
Income Tax $43.45M $15.94M $4.932M $8.952M $4.926M
% Of Pretax Income 18.26% 8.89% 8.01% 11.27% 7.25%
Net Earnings $61.04M $61.05M $65.87M $68.10M $64.17M
YoY Change -0.02% -7.32% -3.28% 6.14%
Net Earnings / Revenue 2.94% 3.54% 4.6% 6.69% 8.39%
Basic Earnings Per Share
Diluted Earnings Per Share $0.48 $0.23 $623.0K $1.419M $1.337M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $838.8M $992.7M $387.0M $312.7M $52.02M
YoY Change -15.51% 156.54% 23.77% 501.07%
Cash & Equivalents $838.8M $992.7M $387.0M $312.7M $52.02M
Short-Term Investments
Other Short-Term Assets $50.39M $29.65M $21.16M $2.000B $1.240B
YoY Change 69.96% 40.1% -98.94% 61.29%
Inventory
Prepaid Expenses
Receivables $294.2M $231.4M $210.3M $177.7M $118.4M
Other Receivables $3.152B $2.640B $2.393B $2.574M $10.47M
Total Short-Term Assets $4.336B $3.894B $3.011B $2.493B $1.421B
YoY Change 11.34% 29.33% 20.76% 75.44%
Property, Plant & Equipment $170.1M $175.1M $100.2M $111.4M $11.56M
YoY Change -2.86% 74.85% -10.06% 863.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $46.10M $38.51M $45.42M $47.22M $22.52M
YoY Change 19.69% -15.2% -3.81% 109.64%
Other Assets $438.2M $474.6M $418.9M $48.49M $41.26M
YoY Change -7.66% 13.29% 763.9% 17.53%
Total Long-Term Assets $2.912B $2.490B $2.448B $2.036B $769.1M
YoY Change 16.95% 1.71% 20.22% 164.73%
Total Assets $7.247B $6.384B $5.459B $4.529B $2.190B
YoY Change
Accounts Payable $128.5M $119.0M $99.40M $115.6M $47.41M
YoY Change 8.0% 19.74% -13.99% 143.78%
Accrued Expenses $440.9M $373.1M $405.1M $369.4M $150.6M
YoY Change 18.18% -7.89% 9.65% 145.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $35.38M $30.59M $23.47M $19.16M $9.011M
YoY Change 15.65% 30.33% 22.5% 112.61%
Total Short-Term Liabilities $3.744B $3.134B $2.918B $2.482B $1.428B
YoY Change 19.46% 7.41% 17.56% 73.84%
Long-Term Debt $1.944B $1.952B $1.567B $1.566B $660.0M
YoY Change -0.41% 24.59% 0.03% 137.29%
Other Long-Term Liabilities $579.4M $479.1M $378.5M $169.6M $38.50M
YoY Change 20.94% 26.57% 123.23% 340.4%
Total Long-Term Liabilities $2.523B $2.431B $1.945B $1.736B $698.5M
YoY Change 3.8% 24.98% 12.06% 148.49%
Total Liabilities $6.687B $5.905B $5.115B $4.220B $2.126B
YoY Change 13.24% 15.45% 21.21% 98.49%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $16.754 Billion

About Ryan Specialty Holdings Inc

Ryan Specialty Holdings, Inc. engages in the provision of specialty products and solutions for insurance brokers, agents, and carriers. The company is headquartered in Chicago, Illinois and currently employs 4,401 full-time employees. The company went IPO on 2021-07-22. The firm provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. For retail insurance brokers, it assists in the placement of complex or otherwise hard-to-place risks. For insurance carriers, it works with retail and wholesale insurance brokers to source, onboard, underwrite, and service these same risks. The Company’s Wholesale Brokerage Specialty operates predominantly under the brand RT Specialty along with others, such as RT ProExec and CERT. Its Binding Authority Specialty operates under the RT Specialty and RT Binding Authority brands. Its Underwriting Management Specialty operates under multiple brands, which are collectively referred to as Ryan Specialty Underwriting Managers.

Industry: Insurance Agents, Brokers & Service Peers: Hagerty Inc Arthur J. Gallagher & Co. Brown & Brown Inc Baldwin Insurance Group Inc Goosehead Insurance Inc Hippo Holdings Inc Marsh & McLennan Companies Inc SelectQuote Inc