Ryan Specialty HOLDINGS, Inc. (RYAN) intrinsic value & 10-year financials
Ryan Specialty HOLDINGS, Inc. (RYAN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 25.7% a year to $3.0B, with an average return on invested capital of 16.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $40.75
- Revenue (FY2025)
- $3.0B
- Revenue growth (8-yr CAGR)
- 25.7%
- ROIC (10-yr avg)
- 16.9%
- Free cash flow (FY2025)
- $640.7M
RYAN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.0B | $63.4M | — | $640.7M | 16.5% | 6.7% |
| FY2024 | $2.5B | $94.7M | — | — | 17.4% | 13.5% |
| FY2023 | $2.0B | $61.0M | — | — | 17.7% | 24.4% |
| FY2022 | $1.7B | $61.1M | — | $327.8M | 16.9% | 24.0% |
| FY2021 | $1.4B | $65.9M | — | -$69.7M | 13.0% | 15.8% |
| FY2020 | $1.0B | $68.1M | — | $130.2M | 15.6% | — |
| FY2019 | $758.4M | $64.2M | — | $149.4M | 13.3% | — |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RYAN SPECIALTY HOLDINGS, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
RYAN SPECIALTY HOLDINGS, INC. has earned high returns on invested capital, averaging 16.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
RYAN SPECIALTY HOLDINGS, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, RYAN SPECIALTY HOLDINGS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment.