Company Analysis

Ryan Specialty Holdings, Inc. (RYAN)

NYSE: RYAN · Insurance Agents, Brokers & Service · Chicago, IL · filing with the SEC since 2021
Grade5.0
◀ Past 6.8● Present 4.7▶ Future 4.0
1 est.

The grade of Ryan Specialty Holdings, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past6.825% of the headline
● Present4.745% of the headline
▶ Future4.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.8/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.3/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 45% of this tense · 73rd percentile among 30 sector filers · read for itself

From the record

Ryan Specialty Holdings, Inc.'s filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.5/10

What has it actually done, year after year?

+25.9% a year over 7 filed years; profitable in 7 of 7.

weight 33% of this tense · 75th percentile among 29 sector filers · read for its customers

From the record

Ryan Specialty Holdings, Inc.'s 7 filed years say what it did: revenue went from $765 million in fiscal 2019 to $3.1 billion in fiscal 2025, up 25.9% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 7 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span25.9%top 33% of its family
  • the share of years revenue rosetop 24% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak0.0%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.6/10

How has it treated the people who own it?

SI estimate 4.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 46th percentile among 29 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 46% of 29 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 29 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ryan Specialty Holdings, Inc.'s shareholder treatment is put at 4.6 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 46% of 29 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.7/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
3.1/10

Is it financially healthy right now?

ROE 5%: 5¢ of profit per shareholder dollar. Leverage 88%: owes 88¢ per asset dollar.

weight 33% of this tense · 31st percentile among 30 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ryan Specialty Holdings, Inc. earned about 5 cents of profit for every dollar of shareholders' money. Leverage: it owed about 88 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 28% of its family
  • return on equitybottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.1/10

How strong is its position in its industry?

top 39% of 30 in its family; net margin 2.1%.

weight 45% of this tense · 61st percentile among 30 sector filers · read for its customers

From the record

Ryan Specialty Holdings, Inc.'s standing among 30 graded names in its industry family: revenue of $3.1 billion in fiscal 2025 ranks in the top 31% by size; a net margin of 2.1% ranks in the bottom 42%; revenue growth of 20.9% a year over the last 3 filed years ranks in the top 28% (its annual reports).

What it rests on

  • revenue against the family$3.05Btop 31% of its family
  • net margin2.1%bottom 42% of its family
  • three-year revenue growth20.9%top 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.1/10

What are the people in charge doing?

bottom 41% of 21 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 41st percentile among 21 sector filers · read for its shareholders

From the record

Ryan Specialty Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Turner, Timothy William (Chief Executive Officer, as filed), filing under that title since 2025-04-02, 1.6 years (bottom 33% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (bottom 39%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (top 48%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 19 peopletop 48% of its family
  • the median years the people in charge have filed5.3 yearsbottom 39% of its family
  • the chief executive's years on the record1.6 yearsbottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.0/10

How much room does it have to grow?

bottom 40% of 29 in its family for room to expand.

weight 33% of this tense · 40th percentile among 29 sector filers · read for itself

From the record

Ryan Specialty Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $158 million against debt of $3.3 billion leaves -30.2% of its assets as net cash, bottom 5% of its family; cash from operations less capital spending is 21% of revenue (top 25%) (its annual report).

What it rests on

  • cash less debt against assets-30.2%bottom 5% of its family
  • cash from operations less capital spending against revenue21.0%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.9/10

What could actually drive growth from here?

bottom 39% of 29 in its family for growth drivers.

weight 33% of this tense · 39th percentile among 29 sector filers · read for its customers

From the record

Ryan Specialty Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 20.9% a year over the last three filed years against 25.9% over all 7, slowing (bottom 29% of its family); the newest year grew 21.3% (top 33%); capital spending grew -26.9% a year (bottom 20%) (its annual reports). Ryan Specialty Holdings, Inc. reported 3 product lines in fiscal 2025: Wholesale Brokerage at $1.6 billion (53%), Underwriting Management at $1.0 billion (34%), Binding Authorities at $370 million (12%); 3 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-5.0 points a yearbottom 29% of its family
  • the newest year's revenue growth21.3%top 33% of its family
  • three-year growth of capital spending-26.9%bottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.1/10

Did its newest year beat what its own record pointed to?

bottom 41% of 25 in its family for expectations against reality.

weight 33% of this tense · 41st percentile among 25 sector filers · read for its shareholders

From the record

Ryan Specialty Holdings, Inc.'s newest year against its own record: revenue of $3.1 billion in fiscal 2025 came in 0.4% above the $3.0 billion its prior three years' pace pointed to (top 26% of its family); net income of $63 million against a prior three-year average of $72 million (bottom 22%); a net margin of 2.1% against 3.4% before (bottom 26%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace0.4%top 26% of its family
  • net income against the prior three years' average-12%bottom 22% of its family
  • net margin against its prior average-1.3 pointsbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton RYAN · research, not advice