Ryan Specialty Holdings, Inc. (RYAN)
NYSE: RYAN · Real-Time Price · USD
47.73
-0.53 (-1.10%)
Nov 6, 2026, 4:00 PM EST - Market closed
Ryan Specialty Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 104.62 | 63.4 | 94.67 | 61.04 | 61.05 | 65.87 |
Depreciation & Amortization | 306.43 | 314.17 | 190.09 | 140.5 | 132.34 | 132.68 |
Other Amortization | 9.71 | 9.57 | 23.93 | 12.17 | 12.05 | 11.37 |
Loss (Gain) From Sale of Investments | 1.74 | 6.96 | 6.96 | 6.96 | 4.64 | - |
Loss (Gain) on Equity Investments | -30.6 | -21.24 | -18.23 | -8.73 | 0.41 | 0.76 |
Stock-Based Compensation | 105.69 | 108.23 | 109.83 | 81.94 | 106.31 | 114 |
Other Operating Activities | 180.42 | 199.86 | 137.01 | 145.44 | 93.69 | -21.76 |
Change in Accounts Receivable | -140.27 | -57.56 | -22.01 | -44.19 | -20.37 | -29.66 |
Change in Other Net Operating Assets | 20.72 | 20.28 | -7.37 | 82.08 | -54.62 | 0.22 |
Operating Cash Flow | 570.18 | 643.67 | 514.87 | 477.2 | 335.51 | 273.49 |
Operating Cash Flow Growth | -10.92% | 25.02% | 7.89% | 42.23% | 22.68% | 102.00% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -71.06 | -70.97 | -47 | -29.78 | -22.76 | -352.94 |
Cash Acquisitions | -109.56 | -746.49 | -1,709 | -446.68 | - | -108.88 |
Investment in Securities | 23.35 | -16.56 | - | - | - | - |
Other Investing Activities | - | - | - | 0.23 | 0.34 | 3.89 |
Investing Cash Flow | -157.28 | -834.01 | -1,756 | -476.23 | -22.42 | -457.94 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 1,333 | 2,545 | - | 394 | - |
Long-Term Debt Repaid | - | -1,279 | -1,258 | -16.5 | -16.54 | -17.74 |
Net Debt Issued (Repaid) | 280.7 | 54.4 | 1,287 | -16.5 | 377.46 | -17.74 |
Issuance of Common Stock | - | - | - | - | - | 1,448 |
Repurchase of Common Stock | -469.95 | -37.05 | -27.46 | -8.79 | -7.17 | -967.85 |
Common Dividends Paid | -65.68 | -62.34 | -53.14 | - | - | -47.1 |
Dividends Paid | -65.68 | -62.34 | -53.14 | - | - | -47.1 |
Other Financing Activities | 246.92 | 123.1 | -12.22 | 12.68 | -55.54 | 92.12 |
Financing Cash Flow | -8.01 | 78.12 | 1,167 | -12.61 | 314.76 | 429.28 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -4.48 | 15.9 | -1.51 | 0.58 | -0.13 | -0.88 |
Net Cash Flow | 400.41 | -96.34 | -75.53 | -11.05 | 627.72 | 243.96 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 499.12 | 572.7 | 467.87 | 447.43 | 312.76 | -79.45 |
Free Cash Flow Growth | -12.29% | 22.41% | 4.57% | 43.06% | - | - |
Free Cash Flow Margin | 15.60% | 19.13% | 19.05% | 22.08% | 18.27% | -5.55% |
Free Cash Flow Per Share | 3.72 | 4.14 | 3.52 | 3.56 | 1.18 | -0.75 |
Levered Free Cash Flow | 544.66 | 506.21 | 523.28 | 382.08 | 258.73 | -18.66 |
Unlevered Free Cash Flow | 666.98 | 630.98 | 604.05 | 458.35 | 308.06 | 19.09 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 9.52 | - | - | - | - | 79.36 |
Cash Income Tax Paid | - | 14.34 | 27.33 | 16.4 | 11.23 | 6.76 |
Change in Working Capital | -119.55 | -37.28 | -29.38 | 37.9 | -74.99 | -29.44 |