RYAN vs WTW
Ryan Specialty Holdings, Inc. and Willis Towers Watson PLC, side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | RYAN | WTW |
|---|---|---|
| Revenue | $3.1B | $9.7B |
| Net income | $63.4M | $1.6B |
| Gross margin | · | · |
| Net margin | 7.0% | 16.6% |
| Return on equity | 9.9% | 20.2% |
| Diluted EPS | · | $16.26 |
| Dividend / share | · | $3.68 |
| Payout ratio | 98.3% | 22.3% |
| Free cash flow | $640.7M | $1.5B |
| Equity | $648.1M | $8.0B |
| Net debt / equity | 4.93× | 0.40× |
| Current ratio | 0.98× | 1.20× |
| Revenue CAGR 5y | 24.5% | 2.4% |
| Profit CAGR 5y | −1.4% | 10.0% |
WTW bills 3.2× the revenue of RYAN, and keeps more of each dollar of revenue as profit (16.6% 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 | RYAN | WTW |
|---|---|---|
| FY2025 | $3.1B | $9.7B |
| FY2024 | $2.5B | $9.9B |
| FY2023 | $2.1B | $9.5B |
| FY2022 | $1.7B | $8.9B |
| FY2021 | $1.4B | $9.0B |
| FY2020 | $1.0B | $8.6B |
| FY2019 | $765.1M | $8.4B |
Bottom line
| Fiscal year | RYAN | WTW |
|---|---|---|
| FY2025 | $63.4M | $1.6B |
| FY2024 | $94.7M | $-98.0M |
| FY2023 | $61.0M | $1.1B |
| FY2022 | $61.1M | $1.0B |
| FY2021 | $65.9M | $4.2B |
| FY2020 | $68.1M | $996.0M |
| FY2019 | $64.2M | $1.0B |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$6,656,874,000 | WTW |
| FY2024 | −$7,414,290,000 | WTW |
| FY2023 | −$7,405,451,000 | WTW |
| FY2022 | −$7,140,807,000 | WTW |
| FY2021 | −$7,565,229,000 | WTW |
| FY2020 | −$7,596,726,000 | WTW |
| FY2019 | −$7,604,889,000 | WTW |
WTW 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 | −9.6 pp | WTW |
| FY2024 | +10.0 pp | RYAN |
| FY2023 | −1.9 pp | WTW |
| FY2022 | −2.1 pp | WTW |
| FY2021 | −43.1 pp | WTW |
| FY2020 | −4.9 pp | WTW |
| FY2019 | −4.6 pp | WTW |
The higher net margin has changed hands between RYAN and WTW over this period.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WTW's net margin has been more volatile than RYAN's over the 7 comparable fiscal years — 13.7 percentage points of standard deviation against 1.8.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between RYAN and WTW over these 7 fiscal years — RYAN led in 1 and WTW in 6.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WTW's return on equity has been more volatile than RYAN's over the 4 comparable fiscal years — 7.6 percentage points of standard deviation against 2.2.
4 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between RYAN and WTW over these 4 fiscal years — RYAN led in 3 and WTW in 1.
4 of 18 comparable fiscal years — a year missing data on either side is not counted.