ERIE vs RYAN
Erie Indemnity Co. and Ryan Specialty Holdings, Inc., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ERIE | RYAN |
|---|---|---|
| Revenue | $4.1B | $3.1B |
| Net income | $559.3M | $63.4M |
| Gross margin | · | · |
| Net margin | 13.8% | 7.0% |
| Return on equity | 26.2% | 9.9% |
| Diluted EPS | · | · |
| Dividend / share | · | · |
| Payout ratio | 45.5% | 98.3% |
| Free cash flow | $571.0M | $640.7M |
| Equity | $2.3B | $648.1M |
| Net debt / equity | · | 4.93× |
| Current ratio | 1.27× | 0.98× |
| Revenue CAGR 5y | 9.9% | 24.5% |
| Profit CAGR 5y | 13.8% | −1.4% |
ERIE bills 1.3× the revenue of RYAN, and keeps more of each dollar of revenue as profit (13.8% 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 | ERIE | RYAN |
|---|---|---|
| FY2025 | $4.1B | $3.1B |
| FY2024 | $3.8B | $2.5B |
| FY2023 | $3.3B | $2.1B |
| FY2022 | $2.8B | $1.7B |
| FY2021 | $2.6B | $1.4B |
| FY2020 | $2.5B | $1.0B |
| FY2019 | $2.5B | $765.1M |
Bottom line
| Fiscal year | ERIE | RYAN |
|---|---|---|
| FY2025 | $559.3M | $63.4M |
| FY2024 | $600.3M | $94.7M |
| FY2023 | $446.1M | $61.0M |
| FY2022 | $298.6M | $61.1M |
| FY2021 | $297.9M | $65.9M |
| FY2020 | $293.3M | $68.1M |
| FY2019 | $316.8M | $64.2M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,016,132,000 | ERIE |
| FY2024 | +$1,279,405,000 | ERIE |
| FY2023 | +$1,191,391,000 | ERIE |
| FY2022 | +$1,114,931,000 | ERIE |
| FY2021 | +$1,201,206,000 | ERIE |
| FY2020 | +$1,518,215,000 | ERIE |
| FY2019 | +$1,712,187,000 | ERIE |
ERIE has reported the higher revenue in every one of these 7 fiscal years. The gap has narrowed 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 | +6.7 pp | ERIE |
| FY2024 | +6.7 pp | ERIE |
| FY2023 | +4.3 pp | ERIE |
| FY2022 | +1.0 pp | ERIE |
| FY2021 | +7.4 pp | ERIE |
| FY2020 | +4.6 pp | ERIE |
| FY2019 | +4.5 pp | ERIE |
ERIE 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 ERIE's over the 7 comparable fiscal years — 1.8 percentage points of standard deviation against 1.7.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ERIE 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
ERIE's return on equity has been more volatile than RYAN's over the 4 comparable fiscal years — 4.2 percentage points of standard deviation against 2.2.
4 of 16 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ERIE led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 16 comparable fiscal years — a year missing data on either side is not counted.