AJG vs RYAN
Arthur J. Gallagher & Co. and Ryan Specialty Holdings, Inc., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AJG | RYAN |
|---|---|---|
| Revenue | $13.9B | $3.1B |
| Net income | $1.5B | $63.4M |
| Gross margin | · | · |
| Net margin | 10.8% | 7.0% |
| Return on equity | 6.9% | 9.9% |
| Diluted EPS | $5.74 | · |
| Dividend / share | $2.60 | · |
| Payout ratio | 44.6% | 98.3% |
| Free cash flow | · | $640.7M |
| Equity | $23.3B | $648.1M |
| Net debt / equity | 0.49× | 4.93× |
| Current ratio | 1.06× | 0.98× |
| Revenue CAGR 5y | 14.8% | 24.5% |
| Profit CAGR 5y | 12.8% | −1.4% |
AJG bills 4.6× the revenue of RYAN, and keeps more of each dollar of revenue as profit (10.8% against 7.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | AJG | RYAN |
|---|---|---|
| FY2025 | $13.9B | $3.1B |
| FY2024 | $11.6B | $2.5B |
| FY2023 | $10.1B | $2.1B |
| FY2022 | $8.6B | $1.7B |
| FY2021 | $8.2B | $1.4B |
| FY2020 | $7.0B | $1.0B |
| FY2019 | $7.2B | $765.1M |
Bottom line
| Fiscal year | AJG | RYAN |
|---|---|---|
| FY2025 | $1.5B | $63.4M |
| FY2024 | $1.5B | $94.7M |
| FY2023 | $970.0M | $61.0M |
| FY2022 | $1.1B | $61.1M |
| FY2021 | $906.8M | $65.9M |
| FY2020 | $818.8M | $68.1M |
| FY2019 | $668.8M | $64.2M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$10,890,874,000 | AJG |
| FY2024 | +$9,039,290,000 | AJG |
| FY2023 | +$7,994,451,000 | AJG |
| FY2022 | +$6,825,407,000 | AJG |
| FY2021 | +$6,776,629,000 | AJG |
| FY2020 | +$5,985,326,000 | AJG |
| FY2019 | +$6,429,889,000 | AJG |
AJG has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.8 pp | AJG |
| FY2024 | +3.6 pp | AJG |
| FY2023 | +0.2 pp | AJG |
| FY2022 | +3.6 pp | AJG |
| FY2021 | +7.7 pp | AJG |
| FY2020 | +5.3 pp | AJG |
| FY2019 | +1.7 pp | AJG |
AJG has kept the higher net margin in every one of these 7 fiscal years.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RYAN's net margin has been more volatile than AJG's over the 7 comparable fiscal years — 1.8 percentage points of standard deviation against 1.3.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AJG led in net margin in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RYAN's return on equity has been more volatile than AJG's over the 4 comparable fiscal years — 2.2 percentage points of standard deviation against 2.0.
4 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
RYAN led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 18 comparable fiscal years — a year missing data on either side is not counted.