Ryan Specialty Holdings, Inc.

RYAN

RYANRyan Specialty Holdings, Inc. US flag

New York Stock Exchange

30.86

USD

-1.43

- -

3.99BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	765	1,018	1,433	1,725	2,078	2,516	3,051
+ Sales & Services Revenue	765	1,018	1,433	1,725	2,078	2,516	3,051
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	613	794	1,131	1,326	1,597	1,943	2,257
+ Research & Development	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-613	-794	-1,131	-1,326	-1,597	-1,943	-2,257
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-68	-79	-62	-179	-238	-273	-293
+ Interest Expense, Net	36	47	79	105	120	158	222
+ Interest Expense	36	47	79	105	120	158	222
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-104	-127	-141	-284	-357	-431	-516
Pretax Income	68	79	62	179	238	273	293
- Income Tax Expense (Benefit)	5	9	5	16	43	43	79
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	63	71	57	163	194	230	214
- Net Extraordinary Losses (Gains)	-2	5	-18	204	267	270	302
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-2	5	-18	204	267	270	302
Income (Loss) Incl. MI	65	66	75	-41	-72	-41	-87
- Minority Interest	1	-2	9	-102	-133	-135	-151
Net Income, GAAP	64	68	66	61	61	95	63
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	64	68	66	61	61	95	63
EBIT	- -	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -
EBITA	-53	-68	-113	-109	-116	-168	-288
Gross Margin (%)	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	8.39	6.69	4.6	3.54	2.94	3.76	2.08
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.68	0.47	- -	- -	- -	0.64	0.49
Depreciation Expense	53	68	113	109	116	168	288
Basic Weighted Avg Shares	106	106	110	112	114	125	127
Basic EPS, GAAP	0.6	0.64	0.6	0.54	0.53	0.75	0.5
Basic EPS from Cont Ops	0.59	0.66	0.52	1.45	1.7	1.83	1.68
Diluted Weighted Avg Shares	106	106	110	266	126	276	138
Diluted EPS, GAAP	0.6	0.64	0.6	0.23	0.49	0.34	0.46
Diluted EPS from Cont Ops	0.59	0.66	0.52	0.61	1.55	0.83	1.55

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	52	313	387	993	839	540	158
+ Cash & Cash Equivalents	52	313	387	993	839	540	158
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,339	2,156	2,603	2,872	3,462	4,174	4,825
+ Accounts Receivable, Net	1,221	1,978	2,390	21	21	20	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	118	178	213	2,851	3,442	4,154	4,825
+ Inventories	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-1,391	-2,469	-2,990	-3,864	-4,301	-4,714	-4,984
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	23	47	45	39	46	71	110
+ LT Investments	23	47	45	39	46	71	110
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-23	-47	-45	-39	-46	-71	-110
+ Total Intangible Assets	694	1,829	1,883	1,801	2,257	4,122	4,842
+ Goodwill	529	1,224	1,309	1,315	1,646	2,647	3,225
+ Other Intangible Assets	165	605	574	486	611	1,476	1,617
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-716	-1,876	-1,929	-1,840	-2,303	-4,193	-4,952
Total Assets	2,190	4,529	5,459	6,384	7,247	9,650	10,564
+ Payables & Accruals	47	116	99	119	136	249	284
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	47	116	99	119	136	249	284
+ ST Debt	9	39	42	53	57	74	86
+ ST Borrowings	9	19	23	31	35	52	60
+ ST Finance Leases	- -	20	19	23	21	22	26
+ Other ST Liabilities	-56	-155	-142	-172	-193	-323	-371
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-56	-155	-142	-172	-193	-323	-371
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	660	1,650	1,641	2,104	2,098	3,390	3,445
+ LT Borrowings	660	1,566	1,567	1,952	1,944	3,231	3,291
+ LT Finance Leases	- -	84	74	152	154	159	153
+ Other LT Liabilities	-660	-1,650	-1,641	-2,104	-2,098	-3,390	-3,445
+ Accrued Liabilities	1	1	1	1	- -	40	50
+ Pension Liabilities	156	419	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-817	-2,069	-1,642	-2,104	-2,098	-3,430	-3,494
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	2,267	4,458	4,864	5,566	6,268	8,552	9,310
+ Preferred Equity and Hybrid Capital	- -	74	- -	- -	- -	- -	- -
+ Share Capital & APIC	200	- -	349	418	442	507	514
+ Common Stock	200	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	349	418	442	506	514
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-276	- -	-7	54	114	123	120
+ Other Equity	1	3	2	6	3	-2	14
Equity Before Minority Interest	-75	70	344	478	560	628	648
+ Minority/Non Controlling Interest	-1	1	251	339	420	471	606
Total Equity	-76	71	595	818	980	1,098	1,254
Total Liabilities & Equity	2,190	4,529	5,459	6,384	7,247	9,650	10,564
Shares Outstanding	106	106	110	112	119	125	130
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	104	93	175	176	181	179
Net Debt	617	1,273	1,203	990	1,140	2,743	3,193
Net Debt to Equity	-806.68	1,790.26	202.28	121.03	116.41	249.72	254.64
Tangible Common Equity Ratio	-51.47	-67.85	-36.03	-21.47	-25.6	-54.71	-62.69
Current Ratio	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	63	71	57	163	194	230	214
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	66	106	246	247	245	314	467
+ Stock-Based Compensation	8	11	68	77	70	79	69
+ Deferred Income Taxes	-1	- -	-1	15	37	24	76
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	59	95	180	155	138	211	322
+ Chg in Non-Cash Work Cap	20	-42	-29	-75	38	-29	-37
+ (Inc) Dec in Accts Receiv	-4	-31	-30	-20	-44	-22	-58
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	1	8	1	20	9
+ Inc (Dec) in Other	24	-10	-1	-62	81	-28	11
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	150	135	273	336	477	515	644
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	13	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	13	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-3	-53	480	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	1,448	- -	- -	- -	- -
+ Decrease in Capital Stock	-3	-53	-968	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-144	-741	-109	- -	-447	-1,709	-763
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-144	-741	-109	- -	-447	-1,709	-763
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-17	-27	-349	-22	-30	-47	-71
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-148	-769	-458	-22	-476	-1,756	-834
+ Dividends Paid	-72	-50	- -	- -	- -	-80	-62
+ Net Cash From Debt	79	1,052	-18	377	-16	1,287	54
+ Cash From Debt	420	1,956	- -	394	- -	2,545	1,333
+ Repayments of Debt	-342	-904	-18	-17	-16	-1,258	-1,279
+ Other Financing Activities	59	176	-33	-63	4	-40	86
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	62	1,125	429	315	-13	1,167	78
Effect of Foreign Exchange Rates	- -	1	-1	- -	1	-2	16
Net Changes in Cash	64	492	245	628	-12	-74	-112
EBITDA	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	150	135	273	336	477	515	644
Net Cash Paid for Acquisitions	144	741	109	- -	447	1,709	763
Free Cash Flow to Firm	182	177	346	431	575	649	806
Free Cash Flow to Equity	- -	1,261	181	713	461	1,802	698
Free Cash Flow per Basic Share	1.4	1.27	2.49	2.98	4.17	4.11	5.06
Price/Free Cash Flow	- -	- -	16.21	32.88	11.34	34.43	11.09
Cash Flow to Net Income	2.33	1.99	4.15	5.5	7.82	5.44	10.15
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -