Where do Ryan Specialty Holdings's ratios come from?

Every ratio is computed from Ryan Specialty Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	15.5%-0.7pp	16.2%-1.1pp	17.3%+0.1pp	17.1%0.0pp	17.2%+0.2pp
Net margin	3.4%+1.4pp	2.1%-0.3pp	2.3%+0.4pp	2%+0.1pp	1.9%-1.9pp
Returns
Return on equity	18.4%+8.5pp	9.9%-1.0pp	11%+1.8pp	9.2%0.0pp	9.2%-6.7pp
Return on invested capital	14.5%+0.4pp	14.1%-0.4pp	14.5%-3.2pp	17.7%+3.2pp	14.6%-6.5pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Leverage
Debt-to-equity	5.9×+0.4×	5.5×-0.2×	5.7×-0.3×	6×-1.1×	7.1×+1.5×
Net debt / EBITDA	4.6×+0.6×	4×-0.3×	4.3×0.0×	4.3×-1.2×	5.5×+1.3×
Valuation
Market capitalization	$4.34B-34.7%	$6.65B-7.9%	$7.22B-17.6%	$8.76B-5.7%	$9.29B+15.6%
Price / earnings	39.9×-64.9×	104.9×+0.5×	104.3×-53.0×	157.3×-26.6×	184×+99.1×
Price / sales	1.4×-0.8×	2.2×-0.3×	2.4×-0.7×	3.1×-0.4×	3.5×+0.3×
Price / book	6.8×-3.4×	10.3×-1.2×	11.4×-2.9×	14.4×-2.8×	17.1×+4.3×
EV / EBITDA	13.2×-3.9×	17.1×-1.0×	18.1×-4.0×	22.1×-3.3×	25.4×+2.9×
Dividend yield	1.5%+0.5pp	0.9%+0.1pp	0.8%+0.2pp	0.7%+0.1pp	0.6%-0.4pp

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Questions, answered.

Where do Ryan Specialty Holdings's ratios come from?: Every ratio is computed from Ryan Specialty Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.