Ryan Specialty Holdings (RYAN) Operating Margin (2020 - 2026)
Ryan Specialty Holdings (RYAN) reported Operating Margin of 12.08% for Q1 2026, down 244.0% year-over-year from 8.39% in Q1 2025, and down 8.33% quarter-over-quarter from 13.18% in Q4 2025.
Ryan Specialty Holdings (RYAN) Operating Margin (2020 - 2026) Analysis & Trends
Ryan Specialty Holdings (RYAN) has 7 years of Operating Margin data on file, last reported at 12.08% in Q1 2026.
- Operating Margin for Q1 2026 came in at 12.08%, down 244.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.88% (down 168.0% YoY), and the FY2025 annual result was 16.48%, down 94.0% from the prior year.
- Operating Margin eased to 12.08% in Q1 2026 per RYAN's latest filing, from 13.18% in the prior quarter.
- Over five years, Operating Margin peaked at 23.64% in Q2 2024 and troughed at 11.21% in Q1 2022.
- A 5-year average of 16.47% and a median of 14.89% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2025: Operating Margin surged 4951 bps in 2022, then tumbled 493 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 18.22% in 2022, then fell by 1 bps to 18.08% in 2023, then climbed by 0 bps to 18.11% in 2024, then dropped by 27 bps to 13.18% in 2025, then declined by 8 bps to 12.08% in 2026.
- Business Quant data shows RYAN's Operating Margin at 12.08% in Q1 2026, 13.18% in Q4 2025, and 14.68% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 25.48% |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | - |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 8.29% |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 29.19% |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 26.23% |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | 17.63% |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 14.95% |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | 12.08% |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 35.25% |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 15.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.08% |
| Dec 31, 2025 | 13.18% |
| Sep 30, 2025 | 14.68% |
| Jun 30, 2025 | 22.72% |
| Mar 31, 2025 | 14.52% |
| Dec 31, 2024 | 18.11% |
| Sep 30, 2024 | 13.47% |
| Jun 30, 2024 | 23.64% |
| Mar 31, 2024 | 13.51% |
| Dec 31, 2023 | 18.08% |
| Sep 30, 2023 | 13.91% |
| Jun 30, 2023 | 20.99% |
| Mar 31, 2023 | 15.32% |
| Dec 31, 2022 | 18.22% |
| Sep 30, 2022 | 14.89% |
| Jun 30, 2022 | 21.48% |
| Mar 31, 2022 | 11.21% |
| Dec 31, 2021 | -31.29% |
| Sep 30, 2021 | -0.21% |
| Jun 30, 2021 | 23.66% |